Need to change to save the rain forests. But 1st we meet some of chinas most powerful influences it helps to take the trends in chinas fashion industry. And. Expensive wheels designer accessories and yachts and go may food the Luxury Goods Market is booming last year alone manufacturers raked in 1. 2 trillion euros worldwide. One of the top markets for luxury items is china in 2000 just one percent of luxury goods went to chinese buyers. By 2018 the amount of shops of 33 percent m 4 car suggests that by 2025 affluent chinese will purchase 46 percent of all luxury goods and its the undersurface hes who are leading the. They know whats hot and whats not thanks to some savvy individuals on social media. The latest collection by a top american designer is being presented to selected guests in shanghai. One of the v. I. P. s here is when joan moll she is not a film star or a pop icon shes ok noel a key opinion leader and social media in other words shes an influencer in the fashion sector.
Rolling stone published an article detailing a gang rape on campus told by a student named jackie. An independent review found that Rolling Stone failed in its reporting, editing, editorial supervision and fact checking. The Columbia University school of journalism issued the record and said the failure was avoidable. Definitely important to focus on the issue at hand and not so much that the journalism was at fault. There are women being raped all around the world, so we should focus on that serious issue. P. Teresa sullivan issued a statement saying irresponsible journalism up justly damaged reputations. Last year the Charlottesville Police Department Said there was no evidence to support criminal charges in this case. And at the same time this scathing report was released Rolling Stone issued an mole gi and retracted the story. The magazines managing editor said in a statement, quote, we would like to apologize to our readers and to all of those who were damaged by our story. And th
A new report is out on who is paying and how. The share of the bill the parents are putting up is dropping bigtime. Well tell you how people are making ends meet. First though to sue at the nyse. They are talking about that burger down here on the floor, ty, but were going to talk about the s p because right now, as you pointed out, the s p, the dow and the nasdaq kind of a mixed performance. The s p is down about 2. 5 points, but the dow is up 21 and the nasdaq down 13 and the russell off just a fraction, but we want to focus on the s p for just a minute. At the 1692 mark just shy of the 1700 mark. Career to date that means the s p is up a full 18 . If we cross 1,700, what does that mean for all of those wall street strategists who are way under that for the yearend targets . Josh lipton and his team have been calling all the big firms out there and joins us live from hq. What have you been finding out, josh . Hey there, sue. The s p 500 nearing 1700, a big filestone for a market alre