In just a few short years, Jet.com went from a bootstrapping start-up to the rapidly-scaling online arm of one of the world's biggest retailers. Cheddar is live at the company's New Jersey headquarters with VP of Analytics Jack Hanlon and Senior Director of Research Ben Babcock. They take us inside the company's research and analytics strategy.
We learn all about the e-commerce site's internal consumer-insights department. Called the "Jet X Lab," the facility is not your typical cold and sterile research department. Our guests explain how they leverage the company's proprietary technology to gain valuable information about how their customers think, act, and buy.
Finally, Hanlon and Babcock give an update on how Jet's acquisition by Walmart influenced its data, research, and analytics strategy. the big-box retailer bought the e-commerce site for $3.3 billion in 2016. We learn how the two companies are learning from one another, and where things are headed from here.
Dave Ellison, Portfolio Manager at Hennessy Funds, talks about the effect less liquidity in the market has on economic growth and breaks down how the financial sector and small businesses could grow during these conditions.
Sky Harbour, a company developing private aviation infrastructure, is gearing up to land on Wall Street. The company announced plans to go public through a SPAC deal with Yellowstone Acquisition Company, valuing the combined venture at $777 million. The company will trade on the New York Stock Exchange as $SKYH.
Dish Network is reportedly in discussions to merge with DirecTV. According to the NY Post, the two sides are currently 'trying to iron out the details.' The competitors have had talks in the past -- over the course of the past 20 years, but those talks been halted by the DOJ over antitrust concerns. Lydia Moynihan, Business Reporter, NY Post joined Cheddar's Opening Bell to discuss.
Stocks closed higher Wednesday, with the Nasdaq making gains for the third day in a row despite this morning's CPI data showing inflation continues to run hot. The report showed that CPI ticked up to 7% in December, and while it was the biggest jump since 1982, the data was broadly in line with Wall Street's expectations. Mark Lehmann, CEO of JMP Securities, a Citizens Company, joins Cheddar News' Closing Bell to discuss today's close, the Fed's proposed monetary tightening, and more.
As more and more consumers are experiencing empty shelves at their grocery stores, Phil Lempert, editor of SupermarketGuru.com, spoke with Cheddar's Ken Buffa to discuss the changes in the supply chain that have trickled down into our grocery stores. "It's really three major factors: number one is climate change, number two is labor, and number three is transportation," he explained. Lempert also called on people to shop with local, independent grocers, calling it "critical to our infrastructure."
