Fertitta, a Galveston native who owns the Houston Rockets and a global restaurant empire, told CNBC’s Power Lunch early this month that his business was off $1 million a day from a base of $12 million a day in restaurant sales. “But remember, that last million in sales is your most profitable,” he said on CNBC, which airs his reality show Billion Dollar Buyer. “That’s where your heavy profit is, so if you don’t cut expenses than what can you cut? We’re not going to cut the quality of the product. You can only cut labor.”