Best Buy (BBY) Q3 2021 Earnings Call Transcript

Best Buy (BBY) Q3 2021 Earnings Call Transcript
Motley Fool Transcribing, The Motley Fool

BBY earnings call for the period ending September 30, 2020.

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  • For Biden, pandemic safety starts at home: In the White House

    Biden’s use of masks in the West Wing is one of many ways he and his team say they plan to establish strict protocols in an effort to keep the White House safe and set an example for the rest of the country.

  • More contagious U.K. COVID strain is also deadlier, Boris Johnson warns

    The CDC has predicted it could become the dominant strain in the U.S. by March.

  • McConnell threatens to block Senate's power-sharing agreement if it doesn't preserve the filibuster

    The evenly split Senate is having a hard time agreeing who's in charge.Georgia's two new Democratic senators were sworn in Wednesday, giving Republicans and Democrats 50 senators each, with Vice President Kamala Harris as a Democratic tiebreaker. The two parties are now working out a power-sharing agreement, but Senate Minority Leader Mitch McConnell's (R-Ky.) commitment to the filibuster is standing in the way.McConnell on Thursday formally acknowledged Sen. Chuck Schumer (D-N.Y.) as the chamber's new majority leader. But as he has been for days, McConnell again implored Democrats to preserve the filibuster that lets a senator extend debate and block a timely vote on a bill if there aren't 60 votes to stop it. Democrats "have no plans to gut the filibuster further, but argue it would be a mistake to take one of their tools off the table just as they're about to govern," Politico reports; More progressive senators do want to remove the option completely.If his filibuster demands aren't met, McConnell has threatened to block the Senate power-sharing agreement that would put Democrats in charge of the body's committees. But Democrats already seem confident in their newfound power, with Sen. Jon Tester (D-Mont.) telling Politico that "Chuck Schumer is the majority leader and he should be treated like majority leader." Giving in to McConnell "would be exactly the wrong way to begin," Sen. Richard Blumenthal (D-Conn.) echoed.Other Democrats shared their resistance to McConnell's demands in tweets. > McConnell is threatening to filibuster the Organizing Resolution which allows Democrats to assume the committee Chair positions. It's an absolutely unprecedented, wacky, counterproductive request. We won the Senate. We get the gavels.> > -- Brian Schatz (@brianschatz) January 21, 2021> So after Mitch McConnell changed the Senate rules at a blistering pace during his 6 years in charge, he is threatening to filibuster the Senate's organizing resolution unless the Democratic majority agrees to never change the rules again.> > Huh.> > -- Chris Murphy (@ChrisMurphyCT) January 21, 2021More stories from theweek.com Biden's next executive order will let people stay on unemployment if they quit an unsafe job 7 brutally funny cartoons about Trump's White House exit McConnell is already moving to strangle the Biden presidency

  • Biden's acting attorney general signed off on reassigning prosecutor who objected to family separations

    The incident would have made Wilkinson aware families were being separated long before the Texas pilot program for zero tolerance was known to the public.

  • Republican congresswoman under fire for 'spreading Florida school shooting conspiracy theories'

    A Republican congresswoman is facing calls to resign over reports that she helped to spread falsehoods about the Parkland school shooting. Marjorie Taylor Greene reportedly agreed with a conspiracy theory about the 2018 shooting at Stoneman Douglas High School in Parkland, Florida, in which 17 people were killed. Facebook screenshots showed a discussion about why a police officer had not rushed into the building, and someone claimed that the mass shooting was a "false flag planned shooting." Greene replied: “Exactly!" The social media giant later removed the posts after they were reported to them. Cameron Kasky, a former Parkland pupil who co-founded the group Never Again MSD, said: "She should resign. She can apologise. I don’t think anybody will accept it.” The congresswoman was elected in Georgia in November, backed Donald Trump's claims of election fraud, and has previously expressed support for the QAnon conspiracy theory. Fred Guttenberg, who's 14-year-old daughter Jaime died in the Parkland shooting, said: "Your feelings on gun laws are irrelevant to your claim that Parkland never happened. You are a fraud who must resign. Be prepared to meet me directly in person to explain your conspiracy theory, and soon." The comments by the politician were first reported by Media Matters for America. In a statement Ms Greene accused Media Matters for America of being "communists' and "fake news". Meanwhile, US Capitol Police were investigating an incident in which a Republican congressman was found carrying a concealed gun while trying to enter the floor of the House of Representatives. Andy Harris, a staunch gun-rights advocate, set off a metal detector going through security on his way to the House floor . Metal detectors were installed outside the chamber to beef up security in the aftermath of the Capitol riots on Jan 6.

  • Psaki announces new White House effort to combat domestic extremism in wake of Capitol riot

    On Friday, White House press secretary Jen Psaki described a multipronged approach to combating domestic extremism.

  • FAA employee charged with taking part in US Capitol riot

    A Federal Aviation Administration employee and QAnon follower from California who had been on the FBI's radar is facing federal charges after he confessed to taking part in the siege of the U.S. Capitol, according to court documents released Friday. Kevin Strong, 44, of Beaumont, surrendered to authorities on Friday and appeared in a federal court in Riverside, where a judge ordered him held on $50,000 bond, said Laura Eimiller, spokeswoman for the FBI in Los Angeles. It wasn't immediately clear whether Strong had raised the bond.

  • The U.S. Deported The Man Who Would Become China's 'Father of Space Technology' Out of Fear

    America may not have won World War II and landed on the moon later if not for the contributions of a brilliant Chinese scientist named Qian Xuesen. Fearing communist presence after the war, the U.S., however, deported Qian to China, clueless that he would eventually spearhead programs that would target American troops and eventually propel China into space. Born to well-educated parents in 1911, it was evident from an early age that Qian had superior intellect.

  • Canada's Trudeau presses Pfizer CEO on vaccine shortage, hints at travel crackdown

    Prime Minister Justin Trudeau said on Friday that Pfizer had reassured him it would meet Canada's vaccine order in full by end-March as, with a second COVID wave spreading across the country, he hinted at a clampdown on citizens leaving home. Pfizer, which is retooling a European manufacturing plant, told Canada on Tuesday it would receive no vaccine next week, promising more pain for provinces already complaining about a shortage of supplies. Pfizer also said it would cut supplies to the European Union.

  • Democrats formalize Jaime Harrison as national party chair

    The Democratic National Committee elected Jaime Harrison of South Carolina as chair on Thursday, signifying an early alignment between newly inaugurated President Joe Biden and state party leaders around the country. Vice chairs on the roster include Atlanta Mayor Keisha Lance Bottoms, Michigan Gov. Gretchen Whitmer, Illinois Sen. Tammy Duckworth and U.S. Rep. Filemon Vela Jr. of Texas.

  • Roommate charged with murder after body of missing Oklahoma woman found in freezer

    A woman has been arrested and charged with murder after the dismembered remains of her missing roommate, Talina Galloway, were found in a freezer in the woods of Polk County, Arkansas last week. Talina, 53, was reported missing by her roommate, Kore Bommeli on April 17, 2020. Talina’s remains were found in the freezer on January 14, 2021. Bommeli, who has been a person of interest throughout the investigation, was located in Wisconsin and faces charges of murder and desecration of a corpse. Th

  • Conspiracy theorist Alex Jones loses bid to throw out defamation cases from Sandy Hook parents

    Infowars founder claimed shooting was 'a giant hoax’ and that grieving parents were actors

  • Filibuster face-off: Schumer, McConnell at loggerheads over U.S. Senate power sharing

    A standoff between new U.S. Senate Majority Leader Chuck Schumer, a Democrat, and the man he replaced, Republican Mitch McConnell, over a core rule of Senate operations has kept the two from reaching a deal on how to manage the 50-50 chamber. Schumer is resisting McConnell's demand for a promise to protect the long-standing Senate rule requiring a supermajority of 60 votes to advance most legislation, known as the legislative filibuster. Their argument is holding up the basic organization and work of the Senate as it begins the new year with 50 senators from each party.

  • UN agency: Libyan navy intercepts over 80 EU-bound migrants

    Libya’s coast guard intercepted on Friday more than 80 Europe-bound migrants in the Mediterranean Sea off the coast of the North African country, the U.N. migration agency said. The migrants were returned to Libyan soil, said the International Organization for Migration. “So far this year, some 300 people, including women and children, were returned to the country and ended up in detention,” said the IOM.

  • Lucas Interior Embraces Color to Modernize Palm Springs Spanish Revival Home

    “The materials and colors took center stage,” said David Lucas when it came to the design of the home.Originally Appeared on Architectural Digest

  • Trudeau stresses "disappointment" with Keystone XL in first official call with Biden

    Canadian Prime Minister Justin Trudeau on Friday expressed his "disappointment" with President Biden's executive order to rescind permits for the Keystone XL pipeline, in a readout of the president's first official call with a foreign leader.Why it matters: The prime minister has long backed the pipeline meant to carry crude oil from Alberta to Nebraska. Biden, however, campaigned on the cancellation of the Keystone XL pipeline.Get smarter, faster with the news CEOs, entrepreneurs and top politicians read. Sign up for Axios Newsletters here.What he's saying: In a news conference earlier Friday, Trudeau said: “We have so much alignment — not just me and President Biden, but Canadians and President Biden." He added, "I’m very much looking forward to working with President Biden,” per the New York Times. * On the call, however, Trudeau "raised Canada’s disappointment with the United States’ decision on the Keystone XL pipeline," according to the readout. * "The Prime Minister underscored the important economic and energy security benefits of our bilateral energy relationship as well as his support for energy workers."The big picture: The pipeline project originally came with an $8 billion price tag and was expected to carry roughly 830,000 barrels of crude oil daily from Canada through Nebraska, per The Washington Post. * Though President Obama rejected the pipeline, President Trump gave it the green light once in office. * Lawsuits slowed construction on the project throughout Trump's administration. * Two Native American communities sued the government over the pipeline last year, charging the government did not consult with tribes on the pipeline's proposed path, which crosses tribal lands. * Its permit repeal is one of several "critical first steps to address the climate crisis, create good union jobs, and advance environmental justice, while reversing the previous administration’s harmful policies," according to the Biden administration.In their Friday call, the two leaders discussed collaborating on COVID vaccines and the flow of critical medical supplies, efforts to work with Indigenous people and plans to address climate change through cross-border clean electricity transmission and net-zero emissions. * "Both leaders have made combating climate change, defending human rights and strengthening international institutions central to their platforms," the Times writes. * "The leaders reiterated their firm commitment to multilateral institutions and alliance," per the readout.Flashback: In 2017, Trudeau touted the Keystone XL pipeline, saying: "No country would find 173 billion barrels of oil in the ground and just leave them there. The resource will be developed. Our job is to ensure that this is done responsibly, safely and sustainably." Go deeper: Biden talks climate in calls with foreign leadersBe smart: sign up FREE for the most influential newsletter in America.

  • Graham on Amazon offering vaccine help to Biden: 'It's disgusting' if they refused to help Trump

    Sen. Lindsey Graham, R-S.C., reacted to Amazon offering President Biden help to distribute the vaccine after President Trump left office.

  • Kenosha killing suspect Rittenhouse's bond terms changed after bar visit

    Attorneys for Rittenhouse did not object to the changes. Rittenhouse is accused of killing two amid protests last year.

  • Former police officer who climbed over fences to get into Capitol during riot claims he was there to see art

    Regular phone camera roll shows no images from January 6 but ‘deleted’ folder filled with images and videos of officer inside Capitol building during riot

  • Hungary PM says too early to talk about lifting COVID-19 restrictions

    Hungary cannot lift restrictions to curb the spread of the coronavirus until it can carry out a mass inoculation of the people, Prime Minister Viktor Orban told state radio on Friday. Orban said the best approach was to authorise the use of several vaccines as competition would force manufacturers to speed up shipments. "We don't need explanations, we need vaccines," Orban said, adding that he hoped Foreign Minister Peter Szijjarto, who is in Moscow for talks on Friday, can secure a deal to buy Russia's Sputnik V vaccine.