Walmart CEO Doug McMillon to Congress: Get a stimulus deal done

2

Doug McMillon, CEO of Walmart, speaking at the Business Roundtable CEO Innovation Summit in Washington, DC on Dec. 6th, 2018. 

Janhvi Bhojwani | CNBC

Walmart CEO Doug McMillon Thursday called on Congress to work together and pass a stimulus deal to help American families and small businesses.

“For both sides, I think what they need to keep in mind is that there are Americans that need them, that don’t really care about politics, aren’t really tied up in this election and they just need some help,” he said, in an interview on CNBC’s “Squawk Box.”

He said lawmakers on both sides of the aisle — including House Speaker Nancy Pelosi and Secretary of Treasury Steve Mnuchin — should hammer out an agreement, even if they need to tinker with it and improve upon it over time.

“Doing nothing is not the first and best option,” he said.

During the coronavirus pandemic, Walmart has hired more than half a million workers to try to keep up with Americans’ demand for groceries, household essentials and other items like outdoor equipment, while adjusting to a significant surge in e-commerce sales. Its online sales nearly doubled in the second quarter.

Yet, McMillon said it has seen uneven demand among customers as some live paycheck to paycheck or are out of work during the recession.

This is a breaking news story. Please check back for updates.

View original post