I'll be honest. Um, you know, I think I'm a little surprised that there wasn't uh somebody from the outside coming in to uh take a leadership role. Um, I think that's part of the stock reaction here.And I think, you know, if if you look at Joe, you're talking about the reaction to DI, it's a narrative. A lot of companies have talked about that, but the bottom line is Target is losing share in more than half of their categories. Um, in addition, you know, it's been talked about um at length that the stores a ...

Fed Policy & Market Expectations - CNBC's Fed survey indicates respondents anticipate two rate cuts, totaling 50 basis points, with 25 basis points expected in September and another 25 in December [6] - The market is pricing in an 84% probability of a rate cut, leaving a 16% probability of no cut [9] - A majority (70%) of respondents believe Powell's speech at Jackson Hole will be neutral [3][4] - The market may be disappointed if Powell's speech is neutral or doesn't address policy at all [7][8] Inflation Outlook - Despite expectations of rate cuts, inflation is projected to remain around 3% this year and next, exceeding the Fed's target by 1 percentage point [6] - 63% of respondents believe substantial price increases are on the way due to tariffs [3] Potential Fed Chair Replacement - The survey suggests Kevin Hasset is the most likely candidate to replace Fed Chair Powell, according to respondents, but they believe former Fed Governor Kevin Warsh would be a better choice [2][3][4] - Among named candidates, Hasset is the frontrunner, followed by Fed Governor Chris Waller, Kevin Warsh, and former St Louis Fed President James Bullard [3] - 41% of respondents believe the next Fed chair will conduct policy independently of the president, while 37% think it will be in coordination [4]

For more on the Target move, let's bring in TD Cow and senior analyst Oliver Chen. Oliver, what's your reaction to the news. Hi Sarah, it's a pleasure being with you.You're right. Target needs to bring back the magic. It's about joy and shopping.We have a anxious US consumer, a consumer that's being choiceful, and Target's numbers have been negative. So the burden is on Michael to restore growth. He knows it's an urgent situation, but what you're saying is very true in terms of nostalgia, bringing back tar, ...

Enterprise & API Growth - Enterprise and API business has outperformed, driven by connectors that enable access to data within platforms like Slack, email, and calendar [1] - Connectors are crucial for enterprise search, allowing employees to access their data across various applications [1] Search Market Expansion - The integration of personal data enhances search capabilities, leading to a significant expansion of the search market [2] - Conversational search underestimates the true search volume, as multiple interactions within a chat session are counted as a single search [3] Market Share - The company's overall search market share has increased from approximately 6% to 12% in six months [3]

Joining us this morning, UBS Private Wealth Management's Alli McCartney is with us. Ally, it's good to see you. Good morning. Good morning.So, it's another morning here where sort of momentum and tech are lagging. Um, people beginning to argue that there are chinks in the AI trade. Do you agree.And do you think Nvidia can maybe remedy that when they do print. You look, you're you're talking about the right things, which is ultimately the the goods market and the consumer. I guess the question still remains ...

Alternative Investment Trends - Family offices are the fastest-growing market for alternative and private assets [2] - The number of family offices with exposure to alternative investments has increased by over 500% since 2016 [2] - There are now over 4,000 family offices with alternative investments, up from 651 in 2016 [3][4] Investment Preferences - Family offices are favoring private credit this year [4] - 39% of family offices plan to add or make new investments in private credit and private debt this year [4] - 29% of family offices plan to add or make investments in private equity [4] - Private credit is still a small share of the total family office portfolios at about 5% [5] - AI is the number one investment theme right now for family offices [8] Concerns and Challenges - Family offices are warning of higher fees and lower returns in private credit [5] - 72% of family offices say high fees are the biggest challenge to investing in private markets [6]

Social Security Financing Structure - Social Security operates on a pay-as-you-go basis, where current workers' taxes fund current retirees' benefits [1] - Demographic shifts significantly impact Social Security due to the changing ratio of workers to retirees [1] Demographic Trends - In the 1960s, the worker-to-retiree ratio was 5 or 6 to 1 [1] - Currently, the worker-to-beneficiary ratio is approximately 3 to 1 [2] - Projections indicate a future worker-to-beneficiary ratio of around 2 to 1 [2] Cost Burden Implications - The declining worker-to-beneficiary ratio increases the cost burden on each worker [2]

AI Hardware & Strategy - Google's Pixel event focuses on AI integration into smartphones, earbuds, and smartwatches, emphasizing AI's role [1][2] - The AI hardware market has faced challenges despite the growth in chatbots, with limited revolutionary advancements [3] - Apple CEO Tim Cook suggests AI will likely enhance accessories rather than replace the phone, focusing on personalizing the assistant [5][6] Market Competition & Trends - Meta's Ray-Ban glasses with a built-in camera and Meta AI assistant, and Amazon's acquisition of B Artificial Intelligence, indicate momentum in AI-powered wearable devices, though none have achieved significant market penetration [3][4][5] Apple's Production Strategy - Apple is reportedly accelerating plans to produce US-bound phones in India, potentially circumventing tariffs [7][9] - Tim Cook's $600 billion investment offer in the United States seems to have resolved issues regarding production locations [9]

There's Target this morning announcing it has chosen its next leader in the wake of the retailer's sluggish sales and stock price. COO and company veteran Michael Fiddlekey will succeed Brian Cornell as CEO in February of next year. Our Sarah Eisen's here post tonight with more on the change at the top on comps on their reiteration of fullyear guidance.>> Yeah, no question Fideli is going to have a tough job coming in February 1. He's been at the company since 2003. started as an intern, has worked in merch ...

So Target CEO succession getting more attention than its results this morning after more than 11 years as CEO Brian Cornell will transition to executive chairman at the end of the fiscal year. So February 1st, current COO, former CFO and 20-year Target veteran Michael Fideli will take the top job in February. Fideli told reporters, I'm quote stepping in with urgency to rebuild momentum and return to profitable growth.He's got three priorities. He says, first, we have to lead with merchandise beyond the occa ...