Target Slashes Targets, TweetDeck is X’d, & Covid Has a New Strain 8/16/23

Target slashed its sales and profit expectations in its latest quarterly report. CNBC’s Courtney Reagan and Forrester Research’s Sucharita Kodali explain the retailer’s troubles, from inflation-conscious shoppers to Pride month backlash. A new strain of Covid-19 is hitting the American South and West; former FDA Commissioner Dr. Scott Gottlieb explains the risks, the relevance of vaccinations and boosters for immunity, and this phase of endemic Covid. Plus, there are new court filings in the federal case against FTX founder Sam Bankman-Fried, a new deal could breathe life into Wheels Up stock, X Corp. has rebranded Tweetdeck, and Cava is hoping to satisfy Wall Street’s appetite. 

 

Sucharita Kodali - 15:47

Courtney Reagan - 12:14

Dr. Scott Gottlieb - 24:39

 

In this episode:

Sucharita Kodali, @smulpuru

Scott Gottlieb, MD, @ScottGottliebMD

Courtney Reagan, @courtreagan

Melissa Lee, @MelissaLeeCNBC

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie