Target’s Sales Boom, DNC Day 2 & College COVID Outbreaks

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 19 August 2020

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Day 2 of the all-virtual Democratic National Convention featured the formal nomination of Joe Biden for president. CNBC’s Washington Correspondent, Eamon Javers, reports the highlights, saying “it’s basically a 2 hour advertisement for the presidential candidate of the Democratic party.” Target reports a monster second quarter with profit up 80% and set a record for same store sales. Target CEO Brian Cornell says the company has focused on creating a safe shopping environment for the consumer. Josh Bolten, Business Roundtable CEO, reflected on the one-year anniversary of the BRT’s redefining corporate responsibility. Plus, colleges across the country are finding it may be impossible to create a coronavirus-free environment on campus and do women make better leaders in a crisis?

Transcript

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0:00.0	This is
0:02.0	This is Squawk Pod. I'm C. NBC producer Katie Pramer.
0:05.0	Today on our podcast, messaging in night two of the unconventional political convention.
0:11.0	What the Democrats have been doing is moving to more pre-produced, prepackaged videos.
0:14.6	It's basically a two-hour advertisement.
0:17.6	Target reports a monster second quarter with profits up 80 percent.
0:22.0	CEO Brian Cornell says it's all about trust.
0:25.0	We've got to be flexible and adaptable
0:27.0	and that's really been the key to our success so far this year
0:30.0	in both the first and the second quarter.
0:32.0	And it's been one year since 181 CEOs of America's largest companies adopted a new statement on the purpose of a corporation.
0:40.0	Business Roundtable CEO Josh Bolton.
0:42.0	No company can be successful in the world. Business Roundtable CEO Josh Bolton.
0:42.6	No company can be successful in the long run
0:45.8	if they don't support all of their stakeholders.
0:48.8	Those stories and more reopening college campuses
0:52.1	and do women make better leaders in a crisis.
0:56.0	It's Wednesday, August 19, 2020, Squawk Pot begins right now.
1:01.6	Good morning everybody. Welcome to Squawkbox right here on Good morning everybody.
1:03.0	Welcome to Squawk Box right here on C.
1:05.0	I'm Becky Quick along with Joe Curdon and Brian Sullivan.
1:08.0	Andrew is off today, but Brian, welcome.
	...

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