Than 8 billion. With 500 stores around the globe. At the helm is the chief executive who came into the job seven years ago, with no fashion experience but a determination to return the printed luxury, attracting younger highvalue customers. Louvet i often got the question is ralph lauren still relevant, which is a painful question to listen to, but we had lost that Younger Generation. Francine on this episode, speak to tresa levay, about his plans to take the company back to its roof. Patrice louvet, thank you so much. Do you have the best job in the world . Louvet pretty close. Francine what was the most surprising thing about your job when you first started . Louvet the thing that attracted me to this opportunity was the opportunity to work with ralph. This man is a visionary incredible entrepreneur, and the opportunity to work with him and partner with him is really special and i treasure it. Francine and you have to get along because he is socialist such a figure. He has his name o
Ed you are watching daybreak asia live from new york sydney and hong kong. Haidi counting down to asias major market opens. Paul u. S. Inflation signals complicate the fed outlook. Penciling in a first rate cut by mid 2024. Sx traders are back on the yen intervention watch. Country garden to suspend trading for monday in almost a dozen onshore bonds. Softbank reportedly in talks to buy the rest of chip designer arm from its own vision fund. Shery u. S. Futures early in the Asian Session seeing upside after the s p 500 struggled for direction in the friday session. It finished at a onemonth low. Really after fluctuations between gains and losses, big tech led the declines. We had the nasdaq 100 seeing the longest losing streak on a weekly basis this year. Big tech pressured the markets, not to mention investors were really trying to digest Inflation Numbers, whether it is Consumer Inflation Expectations unexpectedly falling. Producer prices surprising to the upside pressured the treasur
Daybreak australia. We are counting down to asias major market opens. The top stories this hour, u. S. Stocks and bonds followed. Yields and treasuries ration the highest levels this year. Paul Central Bank Policy makers seeing significant upside risk which could require further rate hikes. Lets take a quick check on wall street. Some small gains here from the futures market. The day started out pretty well. The weakness piled up after the fed came out at 2 00 ands showed the vast majority saw more rate hikes will be needed. In terms of individual stocks, big tech names. In terms of china, the lack of china stimulus does far to return around a fallen stock market. This is also weighing on stocks. Treasuries lowest across the board. The twoyear got close to 5 . Parentheses, we started by looking at the british pound. Currencies, we started by looking at the british pound. More rate hiking as well for the bank of england. We are going to start the day looking at the dollaryen, up to 140
Applico liquidations as prices fall. We look at what is behind bitcoins volatile moves. Gearing up to be the biggest ipo of the year. Chipmaker arm is set to line up 28 banks for Public Offering. We will bring you the latest on the company and who else is arguing the ipo. Its been a volatile week for markets. Abigail doolittle, you do it so well. Abigail we have had stocks all over the map. Apple flipping to the upside, down earlier sharply, weighing on major indexes when they were down across the board more than. 5 . At this point, apple is up slightly. We have heaviness on the market from other big tech names like nvidia, microsoft, and metaplatforms. Nvidia will be reporting next week. Will the stock that is up more than 190 on the week, will the results really deliver what investors are looking for relative to ai. The week is certainly risk off. Stocks down for a third week in a row. The nasdaq 100 is down 2. 4 . Its off of the lows at the lows we were heading to the worst week sin
Lizzy good morning. This is bloomberg daybreak europe. Im lizzy burden in london and these are the stories that set your agenda. Rebound in china and hong kong healthstream losses but contagion fears mount over chinas property sector and sluggish economy. Divisions over a decision most fed officials see significant upside risk to u. S. Inflation, but two favored leaving rates unchanged. Plus, the one falls, shrugging off beijings most forceful guidance since october. The yen tumbles through prior intervention levels to near its weakest this year. Welcome to thursday. The two stories of the week have only gathered pace. First the fed looks like it will keep rates higher for longer, that narrative strengthened by the latest fed minutes and strong u. S. Seco data. November pricing picked up slightly and investors are selling treasures. The Market Outlook for 2024 is its most hawkish yet. Twoyear yields hovering around 5 . The 10year at levels last seen in october. Yields continuing the ri