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 . Which is a painful question to listen we had to some extent to honestly . 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 visi
Hello and welcome, its good to be here in person with you all. My name is kim daniels, i am the director of georgetown universitys initiative on catholic thought and life. I want to thank all of you for joining us in person and online for this important public dialogue on the 60th anniversary of the march on washington for jobs and freedom, keeping the dream alive. [applause] we are so grateful to have so many of you joining us today. With a full house here, over 1600 people joining us online and many more joining us via cspan. 60 years ago today, more than 250,000 people gathered at the Lincoln Memorial for the march on washington for jobs and freedom. Dr. Martin luther king sent to all of those gathered and watching throughout the country, i have a dream. Words that would inspire so many at that time and in the years to come. The leader of washingtons Catholic Community at the time delivered the invocation earlier that day. The archbishop had encouraged d. C. Catholics to participate
Consumer staples keep falling. Plus no sign of recession in ticket sales for live events, not just taylor swift or beyonce. Well talk to the head of the company that puts on monster jam, disney on ice, and the circus about the Strong Demand for experiences. First lets check on the markets. In the past hour we went to fresh session lows with the dow down 150 points but are off that some point. S p down 11 points today. The nasdaq is back into positive territory by about 5 point. Home builders are getting hit hard today as Interest Rates rise. The xhb Home Builders etf is down and the tenyear yield at last check was up around 425. Shares of United Airlines falling sharply midday as the Company Issued a nationwide ground stop due to computer issues. That stop has now been lifted. It seems to be that the fed has threaded the needle well enough to avoid tightening the u. S. Economy into a recession. Goldman sachs today cutting its recession expectation. Steve liesman joins us now with more.
Out what inning it is in. What inning are we with the weight loss drugs or electric vehicles . We are clearing the final inning of the nelson proxy fight for board seat. It is dizzy because he did not get the votes but he could pick up a full million in profit. That inning game that bothers me the most is, what inning are we in the Artificial Intelligence whom . For the last few days weve seen everybody coming down in the ai space. People arguing because the declining stock prices we are in the late innings of the story and perhaps it was all done to begin with. Fortunately it was not enough to do that much damage today. The nasdaq gained. 23 today. Still with the bellwether of ai, nvidia, now down from its high of 974 to 889, down another 4. 88 today we are being told that nvidia conference and supercomputers are just old hat. Its been replaced by the golden age of refining sending stocks like marathon and he. Its the golden age of the Dollar Stores with Dollar General and dollar tree
Entrepreneur driving a multibilliondollar retail empire while trying to redefine the world of fashion. British businesswoman emma grede partnered with one of the most famous families in hollywood. She is chief executive and cofounder of the inclusive brand Good American, which she launched in 2016 with khloe kardashian. She is also the Founding Partner of shapewear label skims alongside khloes sister, kim. Emma as a young, black female entrepreneur, the only thing i could do was what i knew from my experience, and the honest truth is i did not set out to create a company that was deeply rooted in the principles of inclusivity and diversity, i set out to make a company that was right for me. Francine in this episode of leaders with lacqua, i speak to emma grede about her rise to the top, how she measures success, and why diversity remains elusive in the world of fashion. Emma grede, thank you so much for joining us on bloomberg. Emma thank you so much for having me. Francine this is so