Jenna Johnson: Target will have to grapple with the recession. She says they are focusing on personalized offers and being more careful about how they do promotions. The beauty department is actually doing well, she says; part of it is that Target has done a good job of diversifying what they offer.Johnson: If we go into a bigger recession or spending full back even further, it is harder for Target to navigate those waters.
Bloomberg News Wall Street Reporter Sonali Basak checks in from the Goldman Sachs Group investor day. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Equities Reporter Bailey Lipschultz provide the details of Bailey's Businessweek Magazine story The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales. Bloomberg Intelligence Senior Retail Staples & Packaged Food Analyst Jennifer Bartashus reports on Target earnings and outlook. And we Drive to the Close with Nadia Lovell, Senior U.S. Equity Strategist at UBS Global Wealth Management.
Hosts: Carol Massar and Madison Mills. Producer: Paul Brennan.
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