Baker: Defensive retailers are doing well, as consumers are spending on needs vs. wants
I want to start off with you talking about what Courtney was just talking about the the changes in accounting and the way that uh the tariff costs could show up. Is that something that you're looking at as an analyst and kind of digging into the numbers. >> Sure.Absolutely. And it is something that will show up this quarter. Uh in particular when Walmart reports on Thursday, their gross margins are going to look really good because of this rim accounting method.Uh importantly though, Walmart has has talked ...