A weaker u. S. Dollar as well. 105. 38 to the japanese yen. Gold back about 2000. 003. 35 an ounce right now. Walmart benefiting from online orders but store traffic was hampered by the coronavirus. The companies cfo said comp sales growth slowed last month as the government relief waned. Lets bring in Morgan Stanleys Simeon Gutman. How did the Company Managed to get margins around 42 . Comp. they had a 9 rising tides lifts all boats, but they had gross margin in the u. S. Swing from down to 200 basis points to up this quarter. The primary driver is the mix of food and consumables, which tends to be lower margin, was mother in percentage, and a big shift toward general merchandise. A nice swing in gross profit to hire to cover those higher costs of operating, but the results were better sales and gross margins, allowed them to generate that growth. Vonnie walmart was only really getting going in the last couple of quarters. Did the digital improvements help out this quarter . What does
In that direction. Its notjust investments coming from the outside, in this regard, the us is investing in itself. 6. 6 billion as part of the chips act. This is a significant amount of money, isnt it . You have to put this in some context, though. Other countries, like taiwan, likejapan, like south korea, they been investing in their Semiconductor Industries for a long time, so this is the us finally playing the game of investing in this type of manufacturing which requires in most cases requires some Government Investment to defray the cost of these facilities which has reached Something Like 40 billion for the most advanced Semiconductor Manufacturing facilities, so government assistance here can be crucial to sort of making the facilities more viable commercially. Us treasury secretary janet yellen has wrapped up four days of meetings in china with a warning that the us will not accept new industries being decimated by chinese imports. During a press conference, yellen said us Pres
In that direction. Its notjust investments coming from the outside, in this regard, the us is investing in itself. 6. 6 billion as part of the chips act. This is a significant amount of money, isnt it . You have to put this in some context, though. Other countries, like taiwan, likejapan, like south korea, they been investing in their Semiconductor Industries for a long time, so this is the us finally playing the game of investing in this type of manufacturing which requires in most cases requires some Government Investment to defray the cost of these facilities which has reached Something Like 40 billion for the most advanced Semiconductor Manufacturing facilities, so government assistance here can be crucial to sort of making the facilities more viable commercially. Us treasury secretary janet yellen has wrapped up four days of meetings in china with a warning that the us will not accept new industries being decimated by chinese imports. During a press conference, yellen said us Pres
Advanced semiconductors by 2030. This is a big step in that direction. 2030. This is a big step in that direction. Its not ust investments i that direction. Its not Ust Investments Coming H that direction. Its notjust investments coming from | that direction. Its notjust i investments coming from the outside in this regard, the us is investing in itself. This is a significant amount of money, isnt it . ,. ,. , , isnt it . You have to put this in some isnt it . You have to put this in some context, isnt it . You have to put this in some context, other in some context, other countries like taiwan, like japan, like south korea, they been investing in their Semiconductor Industries for a long time, so this is the us finally getting in the game of investing in this type of manufacturing which requires in most cases requires some Government Investment to defray the cost of these facilities which is Something Like 40 billion for most advanced Semiconductor Manufacturing facilities, so governm
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