Time now for our top market moving news from our new york team. Joining me Bloomberg Opinion columnist brooke sutherland. What were some of your Key Takeaways . Brooke i think what is interesting is target talks about First Quarter comparable sales being up, but nearly all of that was from digital. Digital comparable sales were 141 in the quarter. Those sales come at a cost. They are more expensive. The natural supply chain dynamics of delivering products to homes rather than having them purchased instore is more expensive for target, so you are seeing that market squeeze. Clothes,rent buying where target gets more of a higher profit margin. They were buying food any essentials. Is this a structural shift . Are people getting so used to ordering online that they will continue to order these items . They did also callout market share gains, which is key. Given Amazon Logistics troubles, are you going to be seeing customers rediscovering target and walmart, some of these longerlasting st
Firmly above 1. 7 . Andrew thank you. We have a crazy big show for you this morning lets just tell you about the lineup among the highlights, we have author ben measurer. Former of ceo of airlines. First Television Interview with the ceo wework in the midst of all of this big questions. Ceo of General Mills and then someone who never holds his tong, venture capitalist and investor coming up in the next three hours. We are going to do it. History in the making today. Central bank will begin buying etfs their Corporate Bond etfs but the First Time Ever. The idea is to be able to direct the money into the credit markets faster than by buying bonds. Reporting that the purchase about 250 billion of the feds 750 billion program inching closer and closer to stock etfs. Probably not a health of a buy on this buy owe tech etf we cant make that leap, right guys when you read this, werent you like, etfs it is not that favre a jump once i read it, instead of this bond, that bond, lets do it i unde
Staff and short of resources to need in a normal time to have responded to quickly and to work so closely in coordinating with all of the different departments under the leadership of mayor breed. And i think across the country of all of the different places and the tragedies that many of our vulnerable population and community are experiencing, i just wish that there was a way to transport the kind of leadership in community and sense of common good that we have here in San Francisco. Even with all the questions and all the kind of wanting to be better sentiments that are expressed by many of our advocates. I do feel that San Francisco is most fortunate. Words cant quite express, but again, justice want to express thanks and gratitude, respect, and i know that we have a lot more to go. A lot more road to go and we will be there. We are all in this together. A commissioner green. Yes. It was said so eloquently by all of you. I am on the front line. I am in the hospital every day. And t
And we ask for your understanding and patience as we all work through this new way of working together. If we havent done so already, im going to ask all members of the board to mute themselves to minimize background noise. Board members will have to remember to unmute themselves to comment and when the roll call votes are held. Theres staff in the background who will be managing the technological functions throughout the meeting so we can move to whoever is speaking throughout the meeting. Again, we ask everyone for their patience as we make these adjustments. Lastly, we want to thank everyone who has made these meetings possible, including darlene, jay huish, and staff members, as well. The board appreciates [no audio] and we will begin the meeting. We will start with the roll call. [roll call] we have a quorum. Item number 3, communications. Item number 3, communications. Due to the covid19 and to protect the public, the meeting room is closed. However members will be participating
[inaudible conversations] welcome to politics politics and prose so we will jump right in. Please silence your cell phones we will be recording audio and video. To ask the same questions there will be a signing behind the register and then he will sign them and just prop them against the surface when were done thank you. Finance editor from the New York Times reporter and editor at the wall street journal david enrich before that and a reporter in new york winning numerous journalism awards previously the author of the Spider Network how the scheming bankers pulled off in history which was the book of the year so his newest book dark towers donald trump and the epic trail of deception and its relationship with us president and then to demonstrate the evolution and character to become the global face of financial malfeasance please welcome david enrich to politics and prose. [applause] hello. Ive had a lot of book events im not kidding six people in the room this is awesome so i will ta