Kroger & Walmart Tighten Gun Restrictions, NBC is Cutting Commercial Time
Kroger and Walmart are raising the minimum age for those buying guns to 21, following in the footsteps of Dick's Sporting Goods. Up until now, Kroger sold guns at 43 of its Fred Meyer locations in Alaska, Idaho, Oregon, and Washington. Both companies released statements saying the tightening of gun restrictions is in reaction to the Parkland school shooting that left 17 dead. Kroger and Walmart both stopped selling assault-style weapons a few years ago.
NBC Universal will cut the number of ads it airs in primetime by 20%. The media giant owns networks such as NBC, Telemundo, USA, MSNBC, E!, and others. Linda Yaccarino, chairman of advertising and client partnerships, says this is a necessary move to retain customers who are increasingly turning towards streaming platforms without commercials. The changes will go into effect by the fourth quarter.
Northwestern Mutual’s A.I. and money report shows that consumers want their adviser to take advantage of ‘superpowers’ granted by artificial intelligence tools.
The FDRA is a trade association that supports nearly 500 brands worldwide including Nike, Adidas, Walmart, and Target and represents over 90% of US shoe sales.
Lead Analyst at TVREV, Alan Wolk, joins Cheddar to discuss the latest in media and business news, including why business at the box office may be slowing down.
With stubborn inflation sticking at about 2.8%, there’s a chance that the Fed won’t cut rates this year. That might be the smarter choice in the long run.
