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Wall Street Unplugged - What's Really Moving These Markets
Politics are to blame for Target's store closures
Sep 27, 2023
Target's store closures due to theft and organized crime have troubling implications for local economies; the podcast explores the connection between policy, politics, and economics. The host shares a contrarian view on global warming, discusses the trendy concept of 'carbon capture,' and reveals two favorite stocks in the energy sector. The podcast also covers the impact of government policies, investing in resilient businesses like Walmart, and positive news about the world's largest reef recovering. Additionally, it delves into social media algorithms, CO2 emissions, and oil market opportunities.
26:42
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Quick takeaways
- The closure of Target stores due to rampant theft highlights the negative impact of theft on businesses, employees, and local economies, emphasizing the need for effective policies and measures to combat organized retail crime.
- Despite the push for clean energy, the transition away from fossil fuels is not happening as quickly as anticipated, presenting investment opportunities in the oil and gas sector, particularly in areas like carbon capture, which is witnessing growth and attracting companies like Denbury and Occidental Petroleum.
Deep dives
Target announces store closures due to theft and organized crime
Target has announced the closure of nine stores across four states due to theft and organized retail crime. This comes as retailers continue to face challenges from high inflation and the squeeze on lower-income consumers. The National Retail Federation reports that theft and other factors cost retailers $112 billion in losses in 2022, an increase from $94 billion in 2021. This highlights the negative impact of theft on businesses, employees, and local economies, while also raising concerns about the mindset and policies surrounding these issues.
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AI-powered
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Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode