rob: across our kmart and target businesses in australia and kmart in new zealand as well, kmart hadear proposition in the market, which was the lowest price they had quite phenomenal product development capabilities amazing products amazing prices and we had a really strong growth platform there. target is operating in that very challenging middle-market segment, and quite frankly, we didn't have an opportunity to have such a large network of target stores and we are stronger growth online. so converting the stores to kmart and k-hub stores has been successful as a way of strengthening the very strong business in kmart. it is allowing us to simplify the target business, which has started to improve and perform a lot, and we are seeing stronger online growth in that business as well. so we're very pleased with the repositioning. rishaad: tell us a little bit about, on the retail side, you mentioned some weaknesses. what about the industrial side? what needs work there, and what is the standout. rob: probably the standout of our industrial business has been the strong performance of o

so china will be fine if wal mart pulls out if kmart pulls out of i think kmart's actually bus. if target, if lowes of all of the big box retailers back out of china, they'll be fine because they have what is called cast. they have real money, they have real well, they have real work who still know how to make and manufacturer stuff. so that's the answer. see here? yeah, they have paper. well they have no bitcoin. as a matter of fact, they shut their bitcoin mining down. not sense they burg, their treasure fleet 500 years ago under the ming dynasty as a country made such a bone headed and stupid mistake. and as a result, they're going to watch their empire collapse. they think they've got america on the ropes, but we can come back with their positivity in our pursuit of happiness and it always wins. right? well, in the meantime, well fortunately, one day you might be able to work again and have your own shop and do your own business because wal mart and, and lo and all these big box retailer said this woman stacy mitchell is talking about, are abandoning the cities and towns, th

kmart i just found myself telling the stories that i have been telling verbally most of my life. and some let me tell because are so funny that you have to tell people printed lack of tell you what happened you overly this. a lot of it was humor growing up with greek immigrant father to misunderstandings itself. so the book became something different than i had intended. i have to be honest, and say that i almost didn't know what i had. but i hope this makes sense. told the story of the feedback was good. initially i did not had there. with yell university and working class and written all of these different pieces. no audio >> and that is what this is about. and it ends up at the very end of this mirror call. but it's funny as i was writing it come i didn't shrink from talking about faith but in the reality i didn't really have faith. i tasted it and learned it here and there and mostly ran from it or avoided it. people who are serious it made me uncomfortable so i was just growing up in america i was not a marxist atheist but neither a religious person trying to figure things o

a lot have gone away, names like sears, like kmart. a lot of companies have struggled in this new environment. and that was before the pandemic so now we've come through the pandemic and we're hopefully on the other side, we really need to focus on companies that cannot only endure a tough economic environment due to the pandemic, but also can confront challenges and so we want companies with a lot of scale, a lot of flexibility, very good balance sheets, and we think that target and walmart are the way to go there. >> where does costco fit in this equation >> costco would be another really good company. if you think about all three of those companies together, if you are not buying stuff online, you really want to go to one place to get it all done and all three of those companies offer that kind of shopping experience for a customer. it is either online purely or online for pickup or one stop shop so in this environment, and with huge need for distribution, very important, not just what you see in the store, but the distribution netw

ralph lauren in there the laggards include target, which is interesting because it's been a stellar kmarten a couple other valuation calls in retail specifically regarding e.l. >>> to meg, she has the latest on the rising cases of the delta variant. good morning. >> if you look at where we are with the delta variant compared with just the beginning of july, it's really striking to see how the numbers have risen daily cases now averaging more than 72,000. that's up more than 400% since july 1st people going into the hospital more than 6,000 a day. that is also up dramatically since the beginning of the month and deaths are also up 40% more than 300 people dying of covid every day now here in the country. now, the infection rates across the country are spreading. you are seeing a lot more counties in that high and substantial transmission that's the red and the orange there, which are, of course, subject to the cdc's new masking guidance this is increasing you can see 60% of counties in high transmission, 20% it, it's very similar to the wave it seems to be coming down in that part of the s