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John Heinbockel with Guggenheim asks about store level labor, the impact of minimum wage going up and change in overtime rules. $WBA said that in the background the company has already improved the base salary for the most lower paid people in stores. The company will continue to increase the minimum wage against the market.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.