Which means they were the vast majority of the comp sales the in store sales were. 9 . The stores fulfilled 80 of the digital orders in some way Brian Cornell said the retailer will spend 500 million from the beginning of march through july 4th on higher wages and other operational expenses related to the covid crisis so this spending goes beyond q 1 into q 2 not directly comparable with what we heard from walmart yesterday. The sales came at a cost their operating Income Margin was 2. 4 compared to 6. 4 in the same period last year and the gross margin rate was 25 compared to nearly 30 last year but then look at lowes, Michael Baker calls lowes perhaps the most surprising result of the quarter for retail their comparable sales grew more than 11 total up more than 12 in the u. S. Thats only the fourth time in at least ten years we think that lowes beat home depot in the u. S. Both retailers had identical online sales growth in the quarter of 80 but that is a huge growth compared to las
Taylor how cyclical is tech hiring . Forecastedssion later in the future. Doesthe economy does well, text see some over hiring and when it doesnt, does it see under hiring . Is it defensive, or economic agnostic . You dont have as many Business Cycles to look across to see how modern Tech Industry does. Certainly doing the tech bubble, you had a huge run off at the time. It was recently that we started to reach the Employment Level things focusing on the tech sector. The cyclicality matters. It matters for every industry. But tech is doing its own thing as well. Taylor i have to ask, where are the female jobs . Adam they are throughout the Tech Industry as well. Every industry is working hard to find more people. They are going to have to hire men and women as well. Taylor adam, thank you for joining us. Adam thanks for having me. Taylor switching gears to the realm of videoconferencing, zoom video started to celebrate one of the tech ipos of 2017 that went up but after a strong thirdq
Suing the fcc, huawei. The first ever Safety Report detailing Sexual Assaults in the news for uber. Our top story, a big jobs day. The u. S. Economy added 266,000 jobs. According to one source, tech grew. Joining us now is our guest. Adam, such a big day. Where does tech fit in for you today . It is the sector that continues to grow and out case overall job growth. What ever stories, individual thisnies and concerns, sector is adding jobs more quickly than the rest of the economy. Islor wage pressure something we have been talking about. We are seeing wage growth as well. Our tech jobs following that . Wage growth is broadbased. ,ou see it across industries and it has been stronger for low labord workers lately, as markets lacked gets lower and lower. Those are the worker starting to benefit now. Taylor as you look across the tech sector, what industries and sectors are winning . Good,nformation is doing , tech innications general, data processing. It is hard to say it is one sector ve
Years of trade tensions. We have his exclusive interview. And we look at the competitive space of rental kitchens. First, to our top story. Apple says it is considering bundling its Digital Services including news plus, tv plus, and digital music. Get more bid to subscribers. The tech giant is already experimenting with this kind of approach, offering free subscriptions for tv users to apple music. What are we bundling and why . Said, apple wants to bundle together different paid services. They have had apple music since 2015. They came out with four or five new services this year. They want to lower the price if you subscribe to multiple. Right now, apple music costs 10. News plus costs 10. Play payorage, i three dollars a month. To 40 or, it adds up 50 depending on how much storage you have. Imagine being able to get month. Ing for 15 a that will generate recurring revenue because people will want to subscribe to Additional Services and save money by doing so. Taylor i get that, exce
Exclusive interview with bloomberg news. Cooks in the kitchen. We will look at the now competitive space of rental kitchens. About a startup called virtual kitchen. First, to our top story. So apple is considering bundling its Digital Services including news plus, tv plus, and digital apple music. Gainis seen as a bid to more subscribers. The tech giant is already experimenting with this kind of approach, offering free apple tv plus subscriptions to student users of apple music. Through. K me what are we bundling and why . Mark thank you for having me. Like you said, apple wants to bundle together different paid services. They have had apple music since 2015. They came out with four or five new ones across 2019 this year. Cheaper too make it subscribe to them by lowering the price if you subscribe to multiple. Right now, apple music costs 10. News plus costs 10. If i have storage, i pay 3 a month. There is apple arcade for five dollars. There is apple tv plus for five dollars. Altogeth