How to get through this. Its been an extraordinary outcome. One i could have never perceived could happen in march when we were scrambling for ppp loans, the majority of my companies were cash flow negative we shut down retail, until we went through this extraordinary transformation we would have never shut down our headquarters we would have never assumed that we could make a pivot and start selling direct to our customers instead of through retail. Thats exactly what happened and when you sell something direct to a customer, you make almost 100 cents on the dollar versus 0. 50 when you sell through retail thats the reason that theres a massive digital pivot going on, and theres major cost savings also occurring i could have never foreseen this, 15 of my staff including the areas of accounting, logistics and compliance never want to come back to the office. Wow. Theyre raising kids at home in the suburbs, taking care of elderly parents. Another major savings. This is happening to ever
Stakeholders, we are committed to working with the city and will remain open to communication on this issue. Pg e has historically resisted these efforts by municipalities, and this offer seems to be pretty similar so far. Whats not yet clear is how this would affect ratepayers both within the city of San Francisco and the rest of pg es coverage areas. If this deal eventually goes through, would mean San Francisco would join cities like sacramento and los angeles that already operate their own municipal power company. Im sergio quintana. Tom steyer hasntl debate. The california billionaire turned impeachment activist and then president ial candidate is the 11th democrat to qualify for the debate. Candidates need donations from at least 130,000 people, and they need to earn at least 2 Percentage Points in four polls. Steyer needed 2 published today. The october debate is set for october 15th, possibly the 16th as well if enough candidates qualify. Another candidate is entering the 2020
not really about the virus. it s such a major piece of legislation. it s the most significant change for middle class people, for poor people, people trying to get into the middle class in decades in a very long time. it has amazing things in it. if everybody is vaccinated by june, then it s clearly not related to covid. there is $350 billion for state and local government. california is getting $41 billion. that $41 billion is not related to covid, it s related to kind of helping a blue state. meanwhile, a humanitarian crisis is growing at the u.s./mexico border. fema ordered to help shelter and transfer a record number of child migrants. the biden administration addressing this situation last hour right here on my show. when you look at the past four years, just the rule inhumane way that the last administration moved forward with immigration, it did not enhance our security at all. and so now we re in a situation where, you know, this president and the administrati
And we also want to welcome our guests for this hour joining us this morning from londons Nyu Stern School of business professor Scott Galloway and from one markets, cofounder Kate Mitchell were watching shares of amazon. 14 hours into prime day. 14 hours into prime day. The company is saying the echo is the best per foming bestselling item for the day. Marked down by 50 its not just amazon were seeing deals across ebay and best buy mark things like ipads, lap tops, smart watches down by 47 . Lost the script. There kate, when it comes to amazon, is there a point at which the sort of dominance of u. S. Retail sales and disruption of the brickandmortar Retail Business stalls out . Well, its hard to see in a day like today i mean, these guys continue to impress me and theyre using prime day which is the day that they for prime users only have what are like black friday deals available on all kind of products and greatly expanded the number of products this year. And on top of it, you can
Worldwide exchange begins right now. Darlin youve got to let me know good morning. And welcome to a special presentation of Worldwide Exchange on cnbc. Im sara eisen. And im wilfred frost, we are live in london just across the river thames from the houses of parliament. The Financial Times poll of polls gives the remain camp a two point lead. The latest betting odds also favor remain. The implied possibility is 77 . Weather undoubtedly will be a big factor. It has improved here in london overnight. It was pouring with rain, and severe flooding still in the south of england. Weather expected to get worse again later today especially up in scotland. And the polls stay open till 10 00 p. M. Uk time. Polls have been all over the place. Our other guests of the morning. Stewart wheeler. Hes been a Major Political donor of the antieuropean movement. 5 30 a. M. Eastern. An tole clet ski. And and were seeing markets rally around the globe. U. S. Extend futures showing solid gains here in the ea