Francine it started 56 years ago with a tie. Today, ralph lauren is one of the worlds most iconic fashion 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 . 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 with Patrice Louvet, 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 happy to be here. 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 sta
Nasdaq indicated up by 1. 2 for the week to date for what we have seen. Look at the treasury market. You see treasuries here with 10year treasury at 2. 3 . Wti climbing above 90 a barrel. Right now, 90. 43. Of course, we have seen big news in other places. New overnight, positive data on china recovery overnight. Retail sales raising 4. 6 in august. The Unemployment Rate ticking down by. 10 . Chinas Central Bank Cut a shortterm lending rate one day after it lowered the reserves the commercial banks need to hold against deposits. That will free up funding to lend to houses and businesses sdpbusinesses. Im happy we have this guy around. Phil lebeau. It he iis interesting, the phil. You are in detroit. I saw you talking to one of the guys earlier. This is very interesting today. Especially where we have you perched. Reporter joe, it will be interesting to see how long the strike goes. Maybe a week or two weeks or looking at something extended out over seven or eight weeks. That remains to
Off a little bit still at 1253. 5. We see oil continuing to rise. Nymex crude now trading at 90. 63 per barrel. That is putting pressure on the market. N in the strike story, getting you up to speed in auto stocks. Mix performance from ford, gm, and it still and tense with us to lantus and gm higher on the day and forward a little weaker. For those wondering why you might not see a sizable selloff in the names, the Analyst Community has been weighing in with the argument being that most people expected we will get would get to the deadline and ultimately have no deals. Because you are seeing a strategic approach or by the uaw, the damage in theory could be worse. We will find out what happens over the days ahead. We are watching weakness in the supply chain. The car stocks. The Auto Industry publicly traded version. Carvana and carmax are down today. They were up into the news. Advanced auto parts down it now. We will continue to watch all the names. If there are fewer vehicles coming
Just below 5 at 4. 99 . We have news just out from the white house. Eight more companies signed on to the series of commitments to keep a. I. Safe and secure and transparent. Nvidia, palantir and ibm and salesforce among those. They will meet today with the secretary gina raimondo. The white house took a pledge of Companies Developing a. I. At the time which included amazon, goog google, meta, microsoft among them. We talked about meta. They will do something more open source and open platform, if you will. The issue here is not so much about whether you want to worry about the big guys, but so much about folks who get access to the technology and build smaller language models, if you will. Were back to nvidia again . We are switching back . Nvidia. Tomato. We have to decide once and for all. I love that. China. Did you read that . Did you read about the a. I. Thing . We developed its beyond the pale. It can be used for nasty things. They show pictures that supposedly show the governme
In this episode of leaders with lacqua, and in his first interview since being elected, mitsotakis sets out a series of plans and objectives for the next four years. He tells them how he wants to restore greeces Investment Grade status, lower inequality, and continue the fight against populism. Pm mitsotakis we prevailed through politics of competence. Yes, there is a future beyond populism, and we have proven that if you run a competent government, you can make it possible to be reelected. Francine he also speaks candidly about his push to legalize samesex marriage and balance booming tourism with the need to protect his countrys natural beauty. Pm mitsotakis there are parts of greece that have reached saturation points, and if we have to place restrictions, we will. Francine my conversation with kyriakos mitsotakis, next on leaders with lacqua. Prime minister, you have a second mandate from the greek people. How do you think that will unfold in the coming years . Pm mitsotakis first