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Uncertainty with progress with autos and services leading the declines finlands 10year bond yield jumps into positive territory. Risen the most since President Trumps election good morning and welcome to the show shares in richemont are deep in the read double digit revenue declines. The key market in hong kong overshadowed by the u. S. This is in contrast with other results. Talking about the likes of lvmh. Hermes is still slightly positive swatch down about 1 Christian Dior down about a quarter. So not immune, but you can see they are standing out today. I want to bring in our guest to discuss this in a little more detail last week, we were talking about the resilience of these luxury groups particularly lvmh and hermes not the case for richemont why is that . They have an average of 5 in hong kong while richemont has 10 . The departments that perform most are leather good ....
The stage at the deal book conference lets listen in sfl back to our stage youve been with us before we thank you now. I have. One of the reason we wanted to see you was because we are right in the midst of the streaming wars. We are. Which have just begun with apple plus last week and with disney plus coming next week and i want to use this opportunity for you to help us understand how youre looking at all of these different components parts and whats about to happen to our media ecosystem. Here is where i want to start the conversation. Okay. I know you have historically said you dont have think you have any competition or if you do it is with sleep. Do you remember that line . A great line only got a couple of laughs here but you got more laughs before. When i do it its better. Thank you and so my question is now that you see whats happening in this ecosystem, an ecosystem which you effectively created or at least inspired what you think is going to happen. Look at hbo max, disney p ....
Im here to finally exist as my whole self. Medical price roulette. How a routine procedure in one office can cot ten times as much from another provider just miles away. Its tuesday, september 24th, 2019. Heres todays eye opener, your world in 90 seconds. I did not make a statement you have to do this or im not going to give you aid. The president denies using aid to pressure ukraine. He insists he did nothing wrong by asking the president of ukraine to investigate former Vice President joe biden. I put no pressure on him. I think it would have possibly been okay if i did. France, germany, and the uk issued a joint statement, blaming iran on the saudi attack on an el a former military member discussed bombmaking. An officer who arrested two 6yearolds was fired. To have Something Like this happen was completely and totally a surprise. Flash flood leaving parts of arizona under ....
From the journal and now the times. I mean is there good read on how much danger hes in . I dont know. He has control of the board. I think he ph wins a lot of support. The Company Needs money and dep was an important part of this whole thing and therefore he kept quite do what he has the power to do necessarily. Yep wipe out the entire board if he wanted, but they do need soft banks leverage. How much money do they need . Softmu softmoney, well see i think everyone is interested in getting this thing back on track and sort of recover from the disastrous s1. Kara, this feels different to me from uber but i cant figure out why. Its these two ceos who have this maverick streak who are on this growth at all costs, sort of tear. So why does it feel to me like if newman were to step away, the whole reason for believing in the companys growth wouk be at issue here. You mean without him its nothing . I dont think thats true of any company ....