What to know as Target changes CEO amid reported sales decline

By Home - CBSNews.com Aug 20, 2025 | 7:04 PM

Target shares fell more than 6% on Wednesday after the retailer reported a quarterly drop in sales and announced a new CEO. Ted Rossman, a senior industry analyst for Bankrate, a financial services company, joins “The Daily Report” to discuss.

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BREAKING THE BUDGET IMPASSE

What should be done to break the impasse in approving Pennsylvania’s budget?

Increase income taxes to pay for more spending.

Draw down the state's rainy day funds to pay for more spending.

Tax the so-called "skill games" machines to pay for more spending.

Legalize recreational marijuana to pay for more spending.

We don't need more spending, we need less! No new taxes!

We do need to increase spending on some programs, but there's plenty of wasteful spending we should cut. No new taxes!

Voting Ends: Oct 7, 2025 | 12:00 PM

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What to know as Target changes CEO amid reported sales decline