Lowe’s CEO Marvin Ellison & LVMH’s Middle East Market 4/14/26

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 14 April 2026

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Lowe’s is launching annual subscription service HomeCare+ to deepen the company’s relationship with customers. CEO Marvin Ellison discusses the initiative, the investment he’s making in trade skill training, the future of the labor market, and the ideal housing environment for his bottom line. Then, Robert Frank reports on the Iran War’s impact on luxury shoppers in the Middle East and, by extension, on luxury conglomerate LVMH. Plus, United Airlines CEO Scott Kirby reportedly pitched a merger with American, and CNBC’s Steve Liesman reports that the NFIB small business optimism index for March of 2026 fell to its lowest level since the Liberation Day tariffs in April of 2025. Steve Liesman - 6:46 Marvin Ellison - 16:24 Robert Frank - 33:19 In this episode: Steve Liesman, @steveliesman Robert Frank, @robtfrank Kelly Evans, @KellyCNBC Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:02.5	Hi, I'm CNBC producer Katie Kramer.
0:07.0	Today on Squawk Pod.
0:09.0	Home Improvement Retailer Lowe's launching a new subscription service.
0:14.0	CEO Marvin Ellison sits down to tell us all about it.
0:17.0	For $99 a year, you get two home visits from a Lowe's associate working in the local
0:23.6	store. This is not a third party. It's not a contractor. How Lowe's aims to address the trade
0:28.7	skills gap in America's workforce and why it is critical to do so. This is, I believe, not only
0:35.0	a need for the construction trade, I mean, this could be a national
0:39.4	security issue because of all the infrastructure repairs and work needed over the next decade.
0:44.9	Plus housing affordability crisis and the next generation labor market.
0:50.0	What I do know is AI can write coal, but AI can't climb a ladder, and it can't fix a hole on your roof.
0:56.0	The Iran War taking a toll on LVMH's luxury sales, but our wealth reporter Robert Frank says
1:01.9	there's good news for the likes of Krug and Dom Perignon.
1:05.2	In this wine and spirits business, people are drinking less, but drinking better.
1:10.5	All that today, with our eternal optimist, Joe Kernan.
1:14.6	I just think a lot of times the consensus is wrong on everything, and it's always darkest
1:19.9	right before the dawn.
1:21.3	And Kelly Evans.
1:22.4	I'll be sure to be more dismissive so that it can continue.
1:24.7	Please.
1:26.2	It is Tuesday, April 14th, 2026. Squawk Pod begins right now.
	...

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