Walmart CEO eager to work with Biden, Congress

How could new coronavirus shutdowns impact smaller retailers?

National Retail Federation President & CEO Matthew Shay argues small businesses need targeted fiscal support from Congress.

Walmart CEO Doug McMillon congratulated President-elect Joe Biden, despite an unofficial call of the 2020 election to date.

Continue Reading Below

TickerSecurityLastChangeChange %
WMTWALMART INC.149.37-3.07-2.01%

McMillon, who also doubles as the current Chair of the Business Roundtable, a consortium of multinational corporations that oversee see 15 million employees and $7 trillion in revenue, have advocated for “further federal policy responses and funding. Failure to act quickly and boldly will prolong the crisis and impose high long-term costs on the economy,” according to a July letter to House Speaker Nancy Pelosi.

READ MORE ON FOX BUSINESS BY CLICKING HERE  

Pelosi, along with Treasury Secretary Steven Mnuchin and Minority Leader Sen. Chuck Schumer, D-NY, are at odds over the size of another round of stimulus.

TickerSecurityLastChangeChange %
TGTTARGET CORP.163.04-1.46-0.89%

This week Biden met with several CEOs and labor leaders including Target CEO Brian Cornell who focused on the role retail plays for Americans and urged elected officials for clear guidance on the future rollout of a COVID-19 vaccine, according to a statement provided to FOX Business.

Target will report its quarterly results Wednesday ahead of the stock market open.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Source: Read Full Article