we dumped part of our position in the disaster that is estee lauder.in expensive cosmetics company has faced downs. those pale on the face of my ill advised strategy to stick with a loser hoping it would become a winner even though their strategy is to bank on a potential turn around in china. it's all on me. i thought he could handle the china downturn but he couldn't. in truth though, china has helped tarnish many a ceo from nike's to starbucks'. both ceos are struggling in their stocks while not as horrendous as estee lauder have been pretty abysmal. nike's ad campaign -- am i bad ceo, every downturn should be a fall buy. looks like dano. can't just blame nike's downturn on china. the u.s. isn't doing great either. how about starbucks? the last growth stocks that are modern china. shareholders got good news when we learned that elliot management has taken a big stake in the company. now this one makes a ton of sense though and we have some from the charitable trust and we want more now that elliot's in. why? because there's no doubt that starbucks i

in the months after 9/11, estee lauder chairman leonard lauder noticed a marked uptick in sales of lipstickbout themselves, hence 'the lipstick effect'. for years, cosmetics firms around the world have designated july 29 national lipstick day, when they offer promotions and deals on lipstick. but with the cost—of—living crisis still weighing on peoples' finances, does the 'lipstick affect�* still hold? maddie malone is senior beauty & personal care analyst at mintel. welcome to the programme. is the lipstick effect still a thing? the lipstick effect still a thin ? , , the lipstick effect still a thin? , , ~ the lipstick effect still a thin i ? , , . ., thing? yes, definitely. we have forecasted _ thing? yes, definitely. we have forecasted just _ thing? yes, definitely. we have forecasted just over _ thing? yes, definitely. we have forecasted just over 996 - thing? yes, definitely. we have forecasted just over 996 of i forecasted just over 9% of growth for the uk beauty and personal care sector in 2024, and i think was that has been driven by inflation, i think it is a clear sign that the li

get this, how about cosmetics from estee lauder as opposed to elf. the high-end company, a lot of that was china, but there was nothing robust in the west to offset china. we know that consumers take advantage of three places. costco, walmart, and amazon. the first to have been leaders in price cutting and the third cut prices by 20% on prime day. the sales were incredibly strong. that is not frugality. that is a revolt against every other retailer that has not rolled back prices. overall i am betting this is not the end of the declines. in fact i bet it is the beginning. going on strike against those who have not lowered prices yet and exacting not revenge travel, but revenge against all who have kept prices high. most important, housing prices could soon be teetering as the fed stretches out rate cuts to ensure inflation doesn't rise from the dead like nuts brought to. it is only a matter of time before the consumer finally started going on strike and that time is now. philip in texas, philip. >> hello, jim, thank you for taking my call. >> you bet

. >> i like that estee lauder, they got hurt in that diaspora there. >> what about estee lauder >> never. never mind >> what are you talking about? you're mumbling. >> yeah. domino's pizza didn't own it. >> just south of 5,600 watch bonds today. busy day in fixed income claims were a bit elevated continuing claims, again, highest since 2021 we got three fed speakers on deck, philly fed's already on the tape and lei in a few minutes. stay with us your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire (man 1) can you hear me now? matching your job description. can you hear me now? can you hear me now? (dj) can you hear me now? (woman 1) mírame ahora! (woman 2) get em now!. (roger goodell) we're ready now! (woman 3) have fun! (fan) ooo, pinch me now! (woman 4) save me now! (toddler) let's go now! (woman 5) check me now! (toddler) catch me now! (gamer 1) cmon! (gamer 2) play me now! (toddler) okay, bye now! >>> abbott labs a

when you think about what we heard from lvmh, even diegio, estee lauder, i think those trends continue board, even here as a function of china. all we do is speculate when apple is really going to get pushed back in china. we kind of have that feeling it's possibly going on with nike, we're worried about starbucks, mcdonald's. we know the china growth trade has played itself into u.s. names, but clearly in terms of the global luxury, i think china is a bigger name and there's more to go. >> at the same time we have this talk about whether the dollar could be devalued in the new administration or not and we were talked to dave servos who said a stronger dollar makes sense. how do these dollar dynamics figure into where you want to be or avoid when you're looking at international stocks? >> if you're investing internationally, i typically, and certainly in emerging markets, i feel like currency can be 25% to 50% of your return profile. people have taken a view and largely been wrong about the strength of the dollar this year. a lot is central bank differential. so, if you -- i still woul

if you look at aspirational things, beauty, estee lauder, even some of the better ones, these things going lower every day. look at the spirits space. this is a two-year chart that is death defying to the downside. so, if you look at best buy, dick's, i mean, these numbers are gotten soft. if you think about where we were coming out of the last quarter, these things, where everybody was saying they could do no wrong. >> tim, i know you like dick's here, but it's had two gaps over the last two quarters to new all-time highs, based on better than expected quarter, and guidance. but look at how it's coming 15% from its all-time high. in just about a week. so, i wonder -- >> i don't like dick's here, by the way. >> you just mentioned, you know, a whole host of names, and again, you are differentiate differentiating -- we've been talking about mcdonald's, even a domino's, maybe they can pull that one up. that was lower left upper right. and just kind of sold off. i wonder if investors are softening across the board on a whole lost of consumer names, whether discretionary or not. >> i said

american and estee lauder and others. "money movers" starts after this.g more to prevent recurrence. verzenio is specifically for hr-positive, her2-negative, node-positive early breast cancer with a high chance of returning, as determined by your doctor when added to hormone therapy. verzenio reduces the risk of recurrence versus hormone therapy alone. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor, start an antidiarrheal, and drink fluids. before taking verzenio, tell your doctor about any fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. life-threatening lung inflammation can occur. tell your doctor about any new or worsening trouble breathing, cough, or chest pain. serious liver problems can happen. symptoms include fatigue, appetite loss, stomach pain, and bleeding or bruising. blood clots that can lead to death have occurred. tell your doctor if you have pain or swelling in your arms or legs, s