Not just the japanese yen. Its the korean won which has been sensitive to the actions of jay powell. Were getting commentary from the likes of ocbc, jeffrey saying upside in dollar trade, count down to around 1335 per dollar by december. Better demand, that is improving and also they start of the easing cycle adding to appeal. For equity markets it will be trade or read through from big tech earnings. We had microsoft, alphabet really impressing because the takeaway was they are spending on ai and cloud, thats paying off. Best week for u. S. Stocks in 2024. Still farmer. Haidi of course potential expectation of a hawkish pivot and how that plays into Asian Central banks and economies. In the last leg of the cycle, the open, a couple of minutes into cash trading coming online in a staggered open. Upside when it comes to sydney stocks. Watching treasuries as well, expecting dollar and yields to get a lift higher. Ozzie bonds following that trajectory. Dollar is holding. Against the backd
Boost from its Growth Strategy this is elon musk on last nights call weve updated the vehicle lineup we expect it to be more like the early 2025 if not late this year these new vehicles, including more affordable models, will use aspects of the next generation platform as well as aspects of our current platforms and will able to produce on the same manufacturing lines as our current vehicle lineup its not contingent upon any new factory or massive new production line. Bespoke says it looks like this will be the best earnings reaction since 2020. You do have some upgrades you have a very nice bank of america upgrade, and you have people saying its a clearing event. Did he pull a rabbit out of a hat . He came out back with a small car, as well as with the terrific app, by the way, in the deck that is the hailing app . I thought that the key analogy, david, was not the airbnb analogy. He did that. That was great it was the elevator. Elevator. Yeah was that not terrific youre not alone in
Johnson. Alix it is 30 minutes into the u. S. Trading day. Here are the top market stories that we are following for you at this hour. Tech and luxury tumult. So tech and luxury stocks were the superstars in the u. S. And europe and now they cannot find their footing. Were going to see if its time to buy. And my confidence level is, i dont know, were going to see. The latest read with instant analysis from dana peterson, chief economist Center Leader of economy, strategy finance at the conference board. And all the buzz from oklahoma city. Tripledigit oil price, politics, supply, china, all the hot topics from the American Energy Security Summit in oklahoma. More with my exclusive interview with rick muncrief. From new york, im alix steele with my cohost in london, tom mckenzie. So i came from my time the oil patch in oklahoma city. Guys going to his fun time which is on airplane show. So youre right in the middle of that for us, tom. Tom we have the Consumer Confidence and now we get
Francine it started 56 years ago with a tie. Today, ralph lauren is one of the worlds most iconic fashion brands, valued at 8 billion with 500 stores around the globe. At the helm, a chief executive who came into the store seven years ago with no fashion experience but a determination to return the brand to luxury, attracting younger, high value customers. When i started the job, i often got the question, is ralph lauren still relevant . We had to some extent lost that to the younger generation. Francine today, i speak to the ceo of ralph lauren about the Company Founder and his plans to take the company back to its roots. Patrice louvet, thank you so much for joining us on bloomberg. Patrice very happy to be here. Francine do you have the most fun job in the world . Patrice it is pretty fun. Probably the thing that attracted me to this opportunity is the opportunity to work with ralph, right . This man is a visionary, incredible entrepreneur who has had amazing success around the worl
At the helm is a chief executive who came into the job seven years ago with no fashion experience, but determination to return the brand to luxury, attracting younger highvalue customers. Patrice when i started this job, i often got the question, is ralph lauren still relevant . Which is a painful question to listen to, honestly, but we had to some extent lost touch with the younger generation. Francine in this episode of leaders with lacqua, i speak with Patrice Louvet, the companys founder ralph lauren and his plans to take the company back to its roots. Patrice louvet, thank you so much for joining us on bloomberg. Patrice happy to be here. Francine do you have the best job in the world . Patrice pretty close. Francine because it is fun . What was the most surprising thing about your job since you first started . Patrice there are so many things. Probably the thing that actually attracted me to this opportunity is the opportunity to work with ralph. This man is a visionary, incredib