Turning Target News Today

Expecting 2013 to improve more than it has. >> so target is cutting back on holiday hiring. this year it plans to hire about 70,000 temporary workers, down from 88,000 a year ago. instead, target will offer more holiday hours to full-time staffers. steinhofel insists the change is not because he expects sales to be down but because shopping habits have changed. >> this is a time where there is greater transformation going on in our business than weve seen in a long time. its really the convergen...

Feels is an inability to come up with a cohesive plan for the economy. and then theres obama care. >> we spent a lot of time in washington helping to shape that legislation and to provide credibility around what is a large employer, what are the challenges that face target. clearly we will comply with everything but our objective is really to help make the legislation better. >> a lot of companies are saying part-time workers, you know, go to the insurance exchange to sign up, were not going to ...

In an uncertain economy is. >> we got off to just a fantastic start and it seemed like the economy is really starting to gain some momentum and things softened up in the last half of 2012, and i think we were expecting 2013 to improve more than it has. >> so target is cutting back on holiday hiring. this year it plans to hire about 70,000 temporary workers, down from 88,000 a year ago. instead, target will offer more holiday hours to full-time staffers. steinhafel insists the change is not becau...

Law. they have made changes. >> well, i mean, i think its bad policy. polling shows just pew research this week, americans dont want it. were going into -- were turning into a part-time economy. 77% of the jobs that have been created are part time because of this law. >> let me add something else because i just interviewed the ceo of target, right? and, you know, hes worried about the economy. he really is. its affecting his business. but what he said to me, washington has to get its act togethe...

Over a possible government shutdown and debt default. i got that word first hand when i sat down exclusively with greg steinhofel, the ceo of target. the second largest retailer in the country. >> one, two, three! >> reporter: its a great day for c.l. gidians elementary school kids where a smile could be had for a song. >> what do you got? you got me, baby, and thats a lot. >> reporter: target is part of the billion-dollar commitment to education. revamped the schools library and even restocked ...

Target has not made a formal decision on health care, he does say target continues to work with the obama administration on tweaking the affordable care act or obama care. an additional $4,000, thats how much minimum wage workers in california can expect to make in a few years after the california governor, jerry brown, signed a rate increase boosting the minimum wage to $10 an hour by january 2016. as you might expect, the move is drawing praise and criticism. joining me by phone is californi...