Target CEO on Revenues & the Obamas in Chicago 08/21/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 21 August 2024

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Target has reported a strong second quarter. CEO Brian Cornell shares the results, what he’s seeing from inflation-squeezed shoppers, and his perspective on corporate tax rates. After the second night of the DNC, Rep. Josh Gottheimer (D-NJ) discusses the overall sentiment of the event, highlighting the speakers’ focus on hope and unity throughout their remarks. CNBC’s Megan Cassella wraps up the highlights from night two, like a special appearance from Lil Jon and speeches from both Michelle Obama and former President Barack Obama. Plus, a federal judge struck down the FTC’s attempt to ban non-competes, and the Labor Department is revising down the jobs number. Brian Cornell - 11:19 Megan Cassella - 23:07 Rep. Josh Gottheimer - 28:09 In this episode: Rep Josh Gottheimer, @RepJoshG Megan Cassella, @mmcassella Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in Show Music, please.
0:02.6	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pod.
0:08.8	Target CEO Brian Cornell on prices and an earnings report that hit the bullseye.
0:14.5	We reduce prices on over 5,000 items, those items that are most frequently purchased,
0:18.8	and I think the consumers recognize that.
0:21.2	And how targets used lower corporate tax rates to invest 50 billion dollars.
0:26.0	Would you urge policymakers not to raise corporate taxes?
0:29.0	Absolutely.
0:31.0	Politics, the DNC's Chicago takeover, Congressman Josh Gotheimer, on the vibes from the
0:36.8	Kamala Harris campaign. I want to see more specifics overall in totality how
0:40.6	that's going to affect hard-working families, but I like what we're hearing.
0:45.0	Plus the Fed's annual Jackson Hole gathering on deck, a bump in the road for banning non-competes,
0:51.0	and is the housing market's chill about to warm up.
0:54.4	Unlike Hill Billy Ella's part two.
0:57.3	It's Wednesday August 21st, Squawk Pod begins right now.
1:01.9	Stand Becky by in three, two, one, queue please.
1:07.2	Good morning everybody.
1:08.3	Welcome to Squackpots right here on CMBC.
1:10.8	We're live from the NASDAQ market site in Times Square i'm b e cork along with joe kernan here i'm
1:16.1	hi hi i'm here i'm looking at this
1:19.0	pander is off today we do have a lot of news that's happening ahead Ahead of this week's Fed Symposium in Jackson Hole, Fed Governor.
1:26.0	Michelle Bowman said she remains cautious about any shift in policy because of the upside risks of inflation,
	...

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