For checking the transcript: https://www.buzzsprout.com/2379282
On the rocks
means in trouble or likely to fail. It’s often used to describe relationships, businesses, or other situations that are struggling or at risk of collapsing.

Examples:
1- Many fans were shocked to learn that a famous Hollywood couple’s relationship was on the rocks after rumors of constant arguments.
2- Did you know that Apple was once on the rocks in the 1990s? It was only after Steve Jobs returned that the company became the tech giant it is today.