Designed the entire space joe t. i know. If it wasnt for you, wed all be up the [bleep] creek without a paddle. Lemonis i may have to cut my losses. Ive had enough. My name is marcus lemonis, and i risk my own money to save struggling businesses. Were not gonna wake up every morning wondering if we have a job. Were gonna wake up every morning wondering how many jobs we have to do. Its not always pretty. Everythings gonna change. Everything. But i do it to save jobs and i do it to make money. This. Lets go to work. Is the profit. I receive thousands of applications from people looking for my help, but none were more persistent than sammy lazoja from standard burger. So, earlier this year, i headed to Staten Island to meet him and his partners. Sammy its a pleasure to meet you. How are you . Lemonis how you doing . My First Impression was not good. Is the restaurant making money . Todd no. Lemonis how much are you losing . Covello 5,000, 6,000 a month. Lemonis their pricing was all over
8 up. A bit of a conundrum, it weaker than anticipated growth number when weve got Industrial Production and retail sales beating what was going on. Graphically, there you go. Retail sales, 3. 3 to the upside and that is what has been going on in aggregate. A mixed bag, a miss on the headline gdp but certainly a beat for Industrial Production and retail sales. Yeah, the topline picture is that China Remains the only major economy that is recovering at a pace like this but nonetheless, yeartodate, growth around 0. 7 . Year, beginning of the officials had hoped to get around 6 growth for 2020. Nonetheless, the fact retail sales came in well above the estimates will for economists who say we should see a broader economic recovery in china fueled by infrastructure. Straight cap to the pandemic, there would be focus on whether or not the consumer would step up and the numbers suggest that is happening. Ubss headore from of asia economics and achieve china economist. Always great to get your
Public officials and stand up until the American People exactly what they thought. To paraphrase place in that day in 1972, coming to be that candidate. It i will say to you, with every breath in my body and i will never ever let you down. On sunday profile the former Vice President joe biden. And President Donald Trump from cspans video library. 6 30 p. M. , on the political career of joe biden. Standing 30 years from his three president ial campaigns, his time in the senate and is Vice President. In a 9 30 p. M. , Jonathan Carl of abc news and julie pace from the Associated Press political career of President Trump going back to decades from real estate developer, Reality Television start becoming the nations 45th president. What profiles in the president ial candidates, sunday at 6 30 p. M. And 9 30 p. M. Eastern. On cspan and cspan. Org. Resident cspan radio app. Watch book tvs coverage of the 20th and book festival this weekend, this Virtual Event hosted by library of congress fea
Substantive debate even as we conduct our business from afar. I will continue to work with Ranking Member mr. Smith. In his staff to ensure the right of all members are respected in this new virtual format. And so before i turn todays important topic i want to remind members of a few procedurals to help you navigate this platform. First, consistent with regulations, the committee will keep microphones muted to limit background noise. Members are responsible for amusing themselves when they seek recognition. But when recognize for over five minutes segment. And second, members and witnesses must have their cameras on at all times. If you need to step away from the proceedings, please leave your camera on rather than logging out. And finally we have several members are waiting on to the subcommittee for todays hearing. Given the large number, i will recognize members in order the represents a balanced ratio beginning with members on the subcommittee. Understand the mr. Smith does not wis
We are holding this hearing virtually in compliance with the regulations for Remote Committee proceedings pursuant to House Resolution 965. This is the third virtual subCommittee Hearing and the ways and Means Committee. As with our previous hearings i want members to know that i plan to continue this committees long tradition of collegiality and substantial debate, substantive debate, even as we conduct our business from afar. I will continue to work with the Ranking Member, mr. Smith, and his staff to ensure that the rights of all members are resected in these new virtual formats. Before i turn to todays important topic i want to remind members of a few procedural to help you navigate this new platform. First, consistent with regulations the committee willfi keep microphones needed to limit background noise. Members are responsible for on meeting themselves when they seek recognition or when recognized for a fiveminute statement. Second, members and witnesses must have their cameras