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
But i the gdp data out think out of the United States, it continues to tick a little higher, may be the speed on this recovery we have seen in the last few months, what will we talk about later in the hour . Airbus cut jobs pretty hard. I spoke to the companys ceo. Balance how to put the business in a position where it can recover. It difficult balancing act. A lot of Industrial Companies are going through it now. A great point in terms of all of the pipelines. Economic data in the u. S. Is painting a picture of jobless claims rising, secondquarter downturn,s sharpest and now, hsbc global chief economist. With the pair the data stalled stimulus talks in the u. S. If you had a Third Quarter or Fourth Quarter gdp production years ago, what is it now . Certainly, better revisions selecting the contraction in the q2 figures, but also less than the second half of the year. As you point out, that will be influenced by what happens from the next round of fiscal stimulus, assuming we get one i
Turning lower. The virus setting new records across the u. S. Californias hospitalizations jumping to a new high. Rates of new cases also hitting new levels. I want to bring in kailey leinz, who has been all over the Market Action today. We were hitting a lot highs yesterday but the selloff seeming to accelerate in the final hours of trading. Snapping eight five day winning streak on the s p 500, as we approach the close today. It seemed to be a story of tech outperformance throughout much of the day. That weakness heading into the end of training. The nasdaq holding up relatively better than some of the other major averages. It was still down by about 0. 9 . But that was not as great as the laws we saw on the nasdaq or s p 500. The russell 2000 down the better part of 2 . Much more sensitive to the Economic Growth story. That seems to be the issue today, that investors are kind of pondering whether or not the recovery will take a lot longer than perhaps previously thought. You saw tha
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 the place. Todd theres no
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 the place. Todd theres no