Set your agenda. Asian equities retreat for a fourth day on more concerns over chinas economy. And after strong us retail sales, add doubt that the feds inflation fight is finished. Uk headline inflation set to take a step lower today, but the pressure is on for the bank of england after the hottest wage growth on record. Plus, the Worlds Largest owner of stocks rebounds thanks to investments in big tech. Well break down the numbers from norways 1. 4 trillion Sovereign Wealth Fund. Well, good morning. Welcome to wednesday and its risk off this morning as concerns about inflation and growth weigh on markets, us futures are flat this morning after the s p 500, the nasdaq and the Dow Jones Industrial average all ended just off session lows yesterday. Equities finally showing a bit of worry this off year after year had us retail sales coming in above forecasts, along with home depot earnings for that matter, underscoring consumer resilience and bolstering, therefore, the case for the fed t
Number came in soft enough to illustrate that inflations finally running out of steam so when the c pichlt came in around 3 way down from where it was before we all cheered. Many people bought stocks. Everything was fine, right wrong. That rally was a totally revolting development. Sure enough the averages spent the rest of the session selling off dow finishing just up 53 points while nasdaq advanced minor. A far cry from that yoef heated opening. Theres so many reasons why it was a mistake to buy stocks this morning. Because ive been spending this whole week teaching you how to avoid the kind of mistakes that make you give up on the entire stock market were going to unpack this one. Unpack it good mistake number one the vast majority of people who follow the stock market closely were predicting that the Consumer Price index would be up around 3. 3 . It was actually up 3. 2 . Take note. When most prognosticators predict 3. 3 inflation and yet 3. 2 inflation, guess what its not a surpri
Brands, valued at more than 8 billion, with 500 stores around the globe. 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 . Right . 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 to Patrice Louvet, about 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 very happy to be here, francine. 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 attra
Brands, valued at more than 8 billion, with 500 stores around the globe. 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 . Right . 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 to Patrice Louvet, about 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 very happy to be here, francine. 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 attra
Brands, valued at more than 8 billion, with 500 stores around the globe. 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 . Right . 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 to Patrice Louvet, about 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 very happy to be here, francine. 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 attra