David i dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer even though i have a day job of running a private equity firm. David how do you define leadership . What is it that makes somebody tick . I have worn your shoes for many years, but finally get a chance to talk about them. We will talk about my shoes a little bit later. When you first started the company in, i guess, 1962, you knew nothing about shoe design. You did not know a lot about management, and you did not have any money. So today, the company is worth roughly a market capitalization of 100 billion, revenues of 30 billion, 62,000 employees. Did you ever imagine when you first started this company in the early 1960s that it would ever be what it became . Phil sometimes i would get that question and i would say, we are exactly on plan. [laughter] phil but with you i cant be a smart david you mean that wasnt an original question . I thou
A 42 year high headline, low headline looks awesome but what is your forecast . Neil dwane probably in the next 18 months as we go through brexit negotiations you can see at the margins, unemployment will rise again. Would say is the u. K. Has done very well in the shortterm because the u. K. Consumer has borrowed and spent. Savings rates in the u. K. Have no collapsed to the lowest level possible and your headline is that there is a wage squeeze. Postbrexit, it will constrain the spending by the u. K. , if money isumers cheap, they borrow from the fed they now borrow and spend. The bank of england is worried about the system and all of the other things we have seen in the u. S. So everything has been pulled forward in the u. K. Which is why i am more nervous that we see a slowdown, even if we get the government be a more fiscally supportive. I dont think in the next 18 months that it is a good thing. Alix for the hawks are doves . Joshua feinman i dont think it will raise rates. Alix
A 42 year high headline, low headline looks awesome but what is your forecast . Neil dwane probably in the next 18 months as we go through brexit negotiations you can see at the margins, unemployment will rise again. Would say is the u. K. Has done very well in the shortterm because the u. K. Consumer has borrowed and spent. Savings rates in the u. K. Have no collapsed to the lowest level possible and your headline is that there is a wage squeeze. Postbrexit, it will constrain the spending by the u. K. , if money isumers cheap, they borrow from the fed they now borrow and spend. The bank of england is worried about the system and all of the other things we have seen in the u. S. So everything has been pulled forward in the u. K. Which is why i am more nervous that we see a slowdown, even if we get the government be a more fiscally supportive. I dont think in the next 18 months that it is a good thing. Alix for the hawks are doves . Joshua feinman i dont think it will raise rates. Alix
Ahead of this take a look at the futures. You did see an update for the markets but now things are relatively flat based on the big swings we have seen this week around greece. It does look like were looking at green arrows with the dow futures up 24 points. S p futures up by 5 and nasdaq up by 10. Greece negotiations between athens and creditors, thats off. At least for now. Everything is in a Holding Pattern ahead of this referendum off the countrys future that comes on sunday. It would back pension cuts and other measures and a no vote could trigger greeces exit from the euro despite the attempted reframing by the greeks. We have a lot more from michelle in athens and shell be with us in a couple of minutes. I agree with the greeks. I dont think either one would result in an exit. Theyre saying a no vote means that we should go back for tougher negotiations and the other europeans are saying thats not what that means. I think both sides are do you remember suicide isnt painless . Yo
Ahead of this take a look at the futures. You did see an update for the markets but now things are relatively flat based on the big swings we have seen this week around greece. It does look like were looking at green arrows with the dow futures up 24 points. S p futures up by 5 and nasdaq up by 10. Greece negotiations between athens and creditors, thats off. At least for now. Everything is in a Holding Pattern ahead of this referendum off the countrys future that comes on sunday. It would back pension cuts and other measures and a no vote could trigger greeces exit from the euro despite the attempted reframing by the greeks. We have a lot more from michelle in athens and shell be with us in a couple of minutes. I agree with the greeks. I dont think either one would result in an exit. Theyre saying a no vote means that we should go back for tougher negotiations and the other europeans are saying thats not what that means. I think both sides are do you remember suicide isnt painless . Yo