At Home Group Inc. (HOME) Q3 2021 Earnings Call Transcript

At Home Group Inc. (HOME) Q3 2021 Earnings Call Transcript
Motley Fool Transcribers, The Motley Fool

HOME earnings call for the period ending October 24, 2020.

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  • Incoming Biden administration to migrant caravan: Don't come, you won't get in immediately

    "The situation at the border isn't going to be transformed overnight," a senior Biden transition official told NBC News in an exclusive interview.

  • Boy Killed By Father After Vaccination Dispute in Heartbreaking Murder-Suicide in SF

    A boy who was killed in an alleged murder-suicide by his father has been identified as 9-year-old Pierce O’Loughlin. Family tragedy: The boy and his father, Stephen O'Loughlin, 49, were both found dead at their home on Scott Street, Marina District in San Francisco on Wednesday afternoon, SF Chronicle reports. The boy’s mother, Lesley Hu, asked authorities to check on her son after learning that he did not show up for school that day.

  • Far-right extremists have reportedly discussed posing as National Guard members in D.C.

    The FBI on Monday shared with law enforcement agencies an intelligence report warning that far-right extremists have talked about going to D.C. for the inauguration and posing as National Guard members, The Washington Post reports.The Post obtained a copy of the document, which said "lone wolves" and QAnon followers — including some who participated in the mob that stormed the Capitol earlier this month — have indicated they intend on traveling to Washington for the inauguration. The report also said people have been observed downloading and distributing maps of sensitive locations in D.C.The briefing did not include any specific plots, the Post reports, and noted that "numerous" extremist groups and militias have publicly stated they don't want to see any violence targeting the transition of power. At the request of the FBI, the Post did not share all of the details inside the intelligence report, in order to protect intelligence-gathering methods and avoid publicizing security vulnerabilities.The Secret Service coordinates all security for the inauguration, while the FBI gathers intelligence on threats made against the event. Last week, FBI Director Christopher Wray said agents are monitoring an "extensive amount of concerning online chatter" and it can be difficult to "distinguish what's aspirational versus what's intentional."More stories from theweek.com 5 more scathing cartoons about Trump's 2nd impeachment Statehood for D.C. and Puerto Rico only needs 50 votes What the Constitution really says about removal from office

  • Thai court gives record 43-year sentence for insulting king

    A court in Thailand on Tuesday sentenced a former civil servant to a record prison term of 43 years and six months for breaching the country's strict law on insulting or defaming the monarchy, lawyers said. The Bangkok Criminal Court found the woman guilty on 29 counts of violating the country’s lese majeste law for posting audio clips to Facebook and YouTube with comments deemed critical of the monarchy, the group Thai Lawyers for Human Rights said. “Today’s court verdict is shocking and sends a spine-chilling signal that not only criticisms of the monarchy won’t be tolerated, but they will also be severely punished,” said Sunai Phasuk, a senior researcher for the group Human Rights Watch.

  • Dominion sends cease and desist letter to My Pillow CEO Mike Lindell

    Dominion Voting Systems on Monday sent a cease and desist letter to My Pillow CEO Mike Lindell over his spread of misinformation related to the 2020 election.Why it matters: Trump and several of his allies have pushed false conspiracy theories about the company, leading Dominion to take legal action. It's suing pro-Trump lawyer Sydney Powell for defamation and $1.3 billion in damages, and a Dominion employee has sued Trump himself, OANN and Newsmax.Be smart: sign up FREE for the most influential newsletter in America. * The letter also orders Lindell to "preserve and retain all documents relating to Dominion and your smear campaign against the company." * Lindell also must preserve all communications with any member of the Trump campaign, in addition to communications with Rudy Giuliani, Powell, Jenna Ellis and Lin Wood. The big picture: Lindell met with Trump last week and was caught by photographers with notes referencing martial law and Sidney Powell. The CEO has become known for pedaling election-overturning conspiracies and last year promoted a fake cure to the coronavirus. What they're saying: Dominion's letter reads... "Despite knowing your implausible attacks against Dominion have no basis in reality, you have participated in the vast and concerted misinformation campaign to slander Dominion ... Litigation regarding these issues is imminent."A spokesperson for My Pillow did not immediately return a request for comment. Read the full letter here: Support safe, smart, sane journalism. Sign up for Axios Newsletters here.

  • Rep. Cohen admits he saw Boebert giving tour before Capitol riot

    During an interview, he recalls his colleague ‘taking a group of people for a tour sometime after the 3rd and before the 6th.’ Rep. Steve Cohen (D-TN)  revealed he witnessed Congresswoman Lauren Boebert leading a group through the Capitol building in the days before the riot. “We saw Congressman Boebert taking a group of people for a tour sometime after the 3rd and before the 6th,” Cohen remarked on CNN.

  • Joe Biden to block Donald Trump's plan to lift Covid-19 UK travel restrictions

    US President-elect Joe Biden plans to quickly extend travel restrictions barring travel by most people who have recently been in the UK and much of Europe and Brazil soon after President Donald Trump lifted those requirements effective from Jan. 26. Mr Trump signed an order Monday lifting the restrictions he imposed early last year in response to the pandemic after winning support from coronavirus task force members and public health officials. Soon after Mr Trump's order was made public, Biden spokeswoman Jen Psaki tweeted "on the advice of our medical team, the Administration does not intend to lift these restrictions on 1/26." She added: "With the pandemic worsening, and more contagious variants emerging around the world, this is not the time to be lifting restrictions on international travel." Until Mr Biden acts, Mr Trump's order ends restrictions the same day that new Covid-19 test requirements take effect for all international visitors. Mr Trump is due to leave office on Wednesday. Last week, the head of the Centres for Disease Control and Prevention signed an order requiring nearly all air travellers to present a negative coronavirus test or proof of recovery from Covid-19 to enter the United States starting on Jan. 26. The restrictions Mr Trump rescinded have barred nearly all non-US citizens who within the last 14 days have been in Brazil, the United Kingdom, Ireland and the 26 countries of the Schengen area in Europe that allow travel across open borders. The US restrictions barring most visitors from Europe have been in place since mid-March when Mr Trump signed proclamations imposing them, while the Brazilian entry ban was imposed in May. Ms Psaki added that "in fact, we plan to strengthen public health measures around international travel in order to further mitigate the spread of Covid-19."

  • Biden Official Tells Migrants ‘Now Is Not the Time’ to Come to U.S.

    A senior Biden transition official is warning migrants hoping to cross the southern border into the U.S. during the early days of the new administration that “now is not the time” to come. “There’s help on the way, but now is not the time to make the journey,” an unnamed Biden official said, NBC News reported. The Biden administration is looking to end the Trump administration’s policy of requiring that migrants wait in Mexico as immigration courts consider their asylum applications. Those who have been waiting at the border will be considered first for entry over migrants who only recently arrived. Additionally, the Biden administration will scrap the stricter restrictions the previous administration imposed on asylum seekers, which limit who is eligible for entry. However, any immigration legislation proposed by the Biden administration will address illegal immigrants living in the U.S. rather than new migrants arriving at the border, the official said. “The situation at the border isn’t going to be transformed overnight,” the official explained, saying that migrants seeking to gain asylum right away “need to understand they’re not going to be able to come into the United States immediately.” A caravan of about 2,000 Honduran migrants desperate to reach the U.S. forced their way past Guatemalan authorities Friday night and are expected to reach the southern border within the next few weeks. The caravan “will not find when they get to the U.S. border that from Tuesday to Wednesday, things have changed overnight and ports are all open and they can come into the United States,” the official cautioned. “We have to provide a message that help and hope is on the way, but coming right now does not make sense for their own safety … while we put into place processes that they may be able to access in the future,” the official said. In 2018, just before the midterm elections, a caravan of thousands of Central American migrants headed for America’s southern border. Similarly, in early 2017, just before President Trump took office, a caravan made its way to the border, drawing the ire of Trump.

  • U.S. and China clash at WHO over scientific mission in Wuhan

    The United States called on China on Monday to allow an expert team from the World Health Organization (WHO) to interview "care givers, former patients and lab workers" in the central city of Wuhan, drawing a rebuke from Beijing. The team of WHO-led independent experts trying to determine the origins of the new coronavirus arrived on Jan. 14 in Wuhan where they are holding teleconferences with Chinese counterparts during a two-week quarantine before starting work on the ground. The United States, which has accused China of hiding the extent of its initial outbreak, has called for a "transparent" WHO-led investigation and criticised the terms of the visit, under which Chinese experts have done the first phase of research.

  • Israel may be starting to show 'herd effects' of Pfizer-BioNTech COVID-19 vaccine, expert suggests

    Israel has vaccinated at least 25 percent of its population against the coronavirus so far, which leads the world and makes it "the country to watch for herd effects from" the Pfizer-BioNTech COVID-19 vaccine, says infectious disease expert David Fishman. Recently, the case rate in Israel appears to have declined sharply, and while there could be a few reasons for that, it's possible the vaccination effort is beginning to play a role.> Israel's reproduction number appears to have declined rather sharply in recent days, with around 25% of the country vaccinated, and some additional percentage having at least partial immunity via prior infection. pic.twitter.com/sVyCYYd9dj> > — David Fisman (@DFisman) January 17, 2021One study from Clalit that was published last week reports that 14 days after receiving the first Pfizer-BioNTech shot, infection rates among 200,000 Israelis older than 60 fell 33 percent among those vaccinated compared to 200,000 from the same demographic who hadn't received a jab.At first glance, Fishman writes, that might seem disappointing since clinical trials suggested the vaccine was more than 90 percent effective. But he actually believes the 33 percent figure is "auspicious." Because vaccinated and non-vaccinated people are mingling, there could be "herd effects of immunization." In other words, when inoculated people interact with people who haven't had their shot, the latter individual may still be protected because the other person is. On a larger scale, that would drive down the number of infections among non-vaccinated people, thus shrinking the gap between the two groups' infection rates.> Estimated vaccine efficacy is a function of relative risk of infection in the vaccinated...when there is indirect protection via herd effects, we expect efficacy estimates to decrease because the risk among unvaccinated individuals declines.> > — David Fisman (@DFisman) January 17, 2021More data needs to come in, and Fishman thinks "we'll know more" this week, but he's cautiously optimistic about how things are going.More stories from theweek.com 5 more scathing cartoons about Trump's 2nd impeachment Statehood for D.C. and Puerto Rico only needs 50 votes What the Constitution really says about removal from office

  • Police use water cannon on anti-lockdown protest

    The protesters had gathered on a square in front of the Rijksmuseum and Van Gogh Museum art galleries, carrying signs reading "Freedom: stop this siege" and chanting "What do we want? Freedom!". None wore masks, which are not mandatory, and few respected social distancing rules. Authorities had declined an application for the protest to be held on Museum Square. The demonstrators refused to leave when police told them to do so, and some threw fireworks.

  • Pence tried to contact Capitol officer Eugene Goodman to thank him

    The officer who may have saved the life of Vice President Mike Pence could now be giving him the side-eye. The cop hailed as a hero for leading a crowd of insurrectionists away from the Senate floor and potentially saving hundreds of lawmakers’ lives has, perhaps, left the vice president on read. Vice President Mike Pence has reportedly reached out to thank Capitol Police Officer Eugene Goodman for his heroism on Jan. 6, but they have yet to connect.

  • Trump news – Armed groups dwarfed by security at state capitals as president’s approval at new low

    The latest updates from the White House and beyond on 17 January 2021

  • Joe Biden’s Pandemic-Relief Bill Is a Mess

    At the outset of the pandemic, the government undertook a deliberate effort to reduce economic activity in what was widely thought to be a necessary measure to slow the spread of COVID-19. Whereas most recessions call for policy that stimulates the economy, the COVID-19 recession called for the opposite — measures that would enable workers and businesses to hit pause until a vaccine or therapeutic became widely available. Now that vaccines are being administered, policy-makers face a different challenge — not keeping Americans inside, but getting them back to work as quickly as possible. In this context, President-elect Biden’s $1.9 trillion stimulus package misses the mark. The proposal gives a nod to public health — with $20 billion allocated to vaccine distribution, $50 billion to testing, and $40 billion to medical supplies and emergency-response teams — but fails to address the most pressing hurdles to COVID-19 immunity. Vaccines sit unused not for lack of funding but thanks to burdensome rules determining which patients can receive shots and which doctors can administer them. Additional spending to speed up vaccine distribution is welcome, but its effects will be muted if bureaucratic hurdles remain in place. Even if the public-health provisions were to succeed in reopening the economy, much of the rest of Biden’s plan guarantees that it will reopen weaker. For one, an expanded unemployment-insurance top-up of $400 a week would mean more than 40 percent of those receiving unemployment benefits would make more off-the-job than on-the-job at least until September, and possibly for longer. The food-service and retail industries hit hardest by the pandemic would see the largest shortfalls in labor, exacerbating the challenges they’ve faced over the past year. Enhanced unemployment may have been reasonable when we wanted workers to stay home, but it’s catastrophic when we want them to go back to work. Meanwhile, Biden’s proposed minimum-wage increase to $15 nationally would eliminate an estimated 1.3 million jobs, hitting low-income states hardest. In Mississippi, where the median wage is $15, as many as half the state’s workers would be at risk. A minimum-wage hike may be high on the Democratic wish list, but it does not belong in an emergency-relief bill. The Biden plan isn’t all Democratic priorities, though. He took a page from Trump’s book and proposed $1,400 checks to households, bringing the second-round total to $2,000. With household income now 8 percent above the pre-pandemic trend, additional checks would do little more than pad savings accounts. Indeed, 80 percent of the recipients of last year’s checks put the money into savings or debt payments, not consumption. The flagship item in Biden’s plan would do little to spur economic growth even on Keynesian assumptions. The same goes for state and local aid, for which Biden is seeking $370 billion on top of $170 billion in public-education grants. The total of $540 billion far surpasses the roughly $50 billion hit to state and local tax revenues last year. As we wrote in December, states and cities are slow to spend federal grants, so the lion’s share of this stimulus would not show up until 2023. Rather than attempting to stimulate the economy, Biden is hoping to launder bailouts of profligate Democratic states through COVID-19 relief. Other parts of the bill — expansions of the earned-income and child-tax credits — are defensible long-term structural reforms, but as year-long emergency measures, they will have the same muted effect as direct checks. By including a slew of proposals unrelated to the pandemic, Biden has weakened his hand in negotiations and made it less likely that urgent measures pass quickly. In the depths of the COVID-19 pandemic, economic policy-makers rose to the occasion. Following an unprecedented external shock, the U.S. economy has emerged in relatively good shape, with less unemployment and bankruptcy than most feared. But the policies implemented to curb COVID-19 are not suited for what will begin to become, over the course of this year, a post-pandemic economy. Biden may have campaigned during a recession, but he is taking office during a recovery. He should govern accordingly.

  • Uganda accuses U.S. of subversion after envoy tries to visit Wine's house

    Uganda's government spokesman accused the United States on Tuesday of trying to subvert last week's presidential elections after the U.S. ambassador attempted to visit an opposition leader being held under house arrest. The military surrounded the home of popstar-turned-legislator Bobi Wine, whose real name is Robert Kyagulanyi, shortly after he cast his ballot in Thursday's presidential elections. Incumbent Yoweri Museveni, 76, who has been in power since 1986, was declared winner of the poll with 59% of the vote against Wine's 35%.

  • Woman Still Missing After Hike in Yosemite National Park, Officials Ask for Help

    Yosemite National Park officials are asking the public’s help for any information regarding a 41-year-old Asian woman who went missing after going on a day hike to the Upper Yosemite Fall last week. The woman was identified as "Alice" Yu Xie, a Chinese national living in the United States, according to a post shared by the park on Saturday. “If you were on the trail to the top of Yosemite Falls on January 14 or 15, 2021, even if you did not see this individual, or have any information regarding this individual, please call 209/372-0216 during business hours, or Yosemite Emergency Communications Center at 209/379-1992 after hours,” the park said.

  • Texas real estate agent charged after taking private jet to Capitol riot says she regrets nothing

    In a freewheeling and at times combative interview, Jenna Ryan said she has no regrets about participating in the Capitol incursion.

  • Proud Boys and Black Lives Matter supporters clash at Utah rally

    SLC’s ‘Save America’ rally also saw a defiant teenage protester and an attack on a local media member.

  • Qatar's foreign minister wants Gulf Arab nations to talk with Iran: Bloomberg

    "This is also a desire that's shared by other GCC (Gulf Cooperation Council) countries," he told Bloomberg TV https://bloom.bg/369WLz9 in an interview. The Qatari foreign minister added that his government was supporting ongoing discussions between Iran and South Korea to secure the release of an oil tanker seized by the Islamic Revolutionary Guard early this month.

  • Pakistan PM angry over reports TV anchor knew about strike

    Pakistan’s prime minister reacted angrily Monday to media reports of a text exchange between an Indian TV anchor and a former media industry executive that suggests a 2019 Indian airstrike inside Pakistan was designed to boost Indian Prime Minister Narendra Modi’s chances for reelection. Imran Khan took to Twitter to respond to Indian media reports of an exchange on the WhatsApp messaging service between popular Indian TV anchor Arnab Goswami and Partho Dasgupta, the former head of a TV rating company.