Target CEO & Holiday Shoppers; Mario Gabelli & NFTs for Christmas

Retail earnings continued today with Target reporting better-than-expected Q3 results. Like Walmart however, Target investors are worried about margins as the company absorbs higher costs of supply chain disruptions and labor shortages, rather than passing them on to consumers. Target CEO Brian Cornell addresses those concerns and details how the company has navigated global supply chain bottlenecks ahead of the holiday shopping season. Investing legend Mario Gabelli, chairman and CEO of GAMCO Investors, discusses markets, mergers, and NFTs for Christmas. Activision Blizzard shares are falling after a report from The Wall Street Journal alleged that CEO Bobby Kotick knew about sexual misconduct accusations at his company before he’d previously let on. Plus, the FDA plans to authorize Pfizer’s Covid-19 booster shot for all adults as soon as Thursday; CNBC’s Meg Tirrell reports on the latest pandemic headlines.

 

In this episode:
Brian Cornell, @Target
Mario Gabelli, @MarioGabelli
Meg Tirrell, @megtirrell
Andrew Ross Sorkin, @andrewrsorkin
Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Cameron Costa, @CameronCostaNY