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May 28, 2024
05/24
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we put ourfindings to l'0real and estee lauder. l'0real told us... estee lauder said... heba bitar, bbc news. you can watch the full bbc eye investigation — perfume's dark secret — on bbc iplayer if you're in the uk, or on the bbc world service youtube channel outside uk. a court in argentina has ordered presidentjavier milei's government to release stockpiles of food meant for the poor. it is being held in storage because aid for community kitchens was frozen after mr milei took office, vowing to slash spending and fight corruption in the social welfare system. he ordered an audit of tens of thousands of soup kitchens on which many people rely. with more on this, mimi swaby from bbc world service, joins me now. milei is no doubt a controversial figure, milei is no doubt a controversialfigure, whether it be posing for photos with chainsaws or crocodiles — putting a freeze on a food pile seems incredible though, what reason has he given for it? many of the social organisations, the movements who are running these soup kitchens, these community kitchens, these commun
we put ourfindings to l'0real and estee lauder. l'0real told us... estee lauder said... heba bitar, bbc news. you can watch the full bbc eye investigation — perfume's dark secret — on bbc iplayer if you're in the uk, or on the bbc world service youtube channel outside uk. a court in argentina has ordered presidentjavier milei's government to release stockpiles of food meant for the poor. it is being held in storage because aid for community kitchens was frozen after mr milei took office,...
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May 29, 2024
05/24
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we put ourfindings to l'oreal and estee lauder. l'oreal told us, whenever an issue arises, l'oreal works proactively to identify the underlying causes and the way to resolve the issue. despite our strong commitments and actions, we know in certain parts of the world where l'oreal suppliers operate, there are risks to our commitments being upheld. we never request fragrance houses go lower than the market price for ingredients at the expense of farmers. estee lauder said, we believe the rights of all children should be protected and have contacted our suppliers to investigate this very serious matter. you can watch the full bbc eye investigation — perfume's dark secret — on bbc iplayer if you're in the uk, or on the bbc world service youtube channel outside the uk. pope francis apologised for using derogatory language to describe gay men. during a closed door meeting a week ago, the pope reportedly referred to gay men using an italian word that translates to a highly offensive slur. the vatican in a statement said the pope never
we put ourfindings to l'oreal and estee lauder. l'oreal told us, whenever an issue arises, l'oreal works proactively to identify the underlying causes and the way to resolve the issue. despite our strong commitments and actions, we know in certain parts of the world where l'oreal suppliers operate, there are risks to our commitments being upheld. we never request fragrance houses go lower than the market price for ingredients at the expense of farmers. estee lauder said, we believe the rights...
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May 28, 2024
05/24
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we put ourfindings to l'oreal and estee lauder. l'oreal told us, whenever an issue arises, l'oreal works proactively to identify the underlying causes and the way to resolve the issue. despite our strong commitments and actions, we know in certain parts of the world where l'oreal suppliers operate, there are risks to our commitments being upheld. we never request fragrance houses go lower than the market price for ingredients at the expense of farmers. estee lauder said, we believe the rights of all children should be protected and have contacted our suppliers to investigate this very serious matter. we are taking action to gain better transparency and to work towards improving the livelihoods of sourcing communities. heba bitar, bbc news. and you can watch the full documentary, perfume's dark secret, on bbc iplayer. the time is 13:13. our top story this afternoon: the conservative pledge to raise the tax—free allowance for pensioners if they win the election. and, as the d—day landings near their 80th anniversary, we meet two
we put ourfindings to l'oreal and estee lauder. l'oreal told us, whenever an issue arises, l'oreal works proactively to identify the underlying causes and the way to resolve the issue. despite our strong commitments and actions, we know in certain parts of the world where l'oreal suppliers operate, there are risks to our commitments being upheld. we never request fragrance houses go lower than the market price for ingredients at the expense of farmers. estee lauder said, we believe the rights...
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May 2, 2024
05/24
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in earnings news, estee lauder reported strong quarterly earnings amid a recovery in sales of its beauty products in the us. but it was the outlook for the year that sent its stock down 13%. the beauty brand lowered its annual sales forecast, citing weak demand in china for its premium beauty products. johnson &johnson has outlined a new settlement to resolve nearly all of the lawsuits it faces over allegations that its baby powder and other talc products cause cancer. j&j will pay roughly $6.5 billion to former customers with ovarian cancer claims, over the next 25 years. while the pharmaceutical giant still maintains its talc powder does not cause cancer, the company is looking to put an end to this costly legal battle. it was a mixed finish on wall street, with the nasdaq and s&p 500 closing in the red. the dow however manged to close higher, after the us federal reserve chairjerome powell said the central bank's next policy move would not be a rate hike. later tonight investors will be focused on earnings, with apple set to report its quarterly results. i will have more business news
in earnings news, estee lauder reported strong quarterly earnings amid a recovery in sales of its beauty products in the us. but it was the outlook for the year that sent its stock down 13%. the beauty brand lowered its annual sales forecast, citing weak demand in china for its premium beauty products. johnson &johnson has outlined a new settlement to resolve nearly all of the lawsuits it faces over allegations that its baby powder and other talc products cause cancer. j&j will pay...
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May 23, 2024
05/24
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i got the estee lauder in the travel trust david, i'm sorry i screwed up i know >> if it's not estee lauder -- >> i took all the estee lauder out and put mac in and i turned the label around, and after a month, i said, what do you think about this she said, it's better than ever. i said, turn it around, and it said e.l.f. on it. and she said, how could you do this to me but she never went back. never went back. >> well, whether it's e.l. -- we mentioned boeing, jim. the faa administrator was on abc news this 90-day safety plan is due next week. says it will be a long time before they're back where they belong or need to be >> holy cow. >> we got news of the china deliveries being delayed >> people didn't think the b-29 f was all that good either >> yes >> although it was silver, not green. >> is your point that -- >> it just doesn't matter. it's still boeing. you can't -- here's what you should do. you should go down to the world war ii museum in new orleans, go to the boeing room, and just accept that boeing is going to be here to stay, no matter what they do. no matter what they do
i got the estee lauder in the travel trust david, i'm sorry i screwed up i know >> if it's not estee lauder -- >> i took all the estee lauder out and put mac in and i turned the label around, and after a month, i said, what do you think about this she said, it's better than ever. i said, turn it around, and it said e.l.f. on it. and she said, how could you do this to me but she never went back. never went back. >> well, whether it's e.l. -- we mentioned boeing, jim. the faa...
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May 18, 2024
05/24
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so can these digital disruptors really challenge the global giants like estee lauder and l�*0real? i�*m going to be asking two women giving it a go. there they are. megha ashar, who�*s start up in india, just got millions of dollars of investment. and trinny woodall, the big boss of trinny london, who�*s gone from telling women what not to wear on her television show to selling cosmetics directly to them online. plus, why a lack of truck drivers around the world could be another big hit to our global supply chain. the big boss of the global truck maker scania joins me to talk truckers and whether an all electric future is possible.
so can these digital disruptors really challenge the global giants like estee lauder and l�*0real? i�*m going to be asking two women giving it a go. there they are. megha ashar, who�*s start up in india, just got millions of dollars of investment. and trinny woodall, the big boss of trinny london, who�*s gone from telling women what not to wear on her television show to selling cosmetics directly to them online. plus, why a lack of truck drivers around the world could be another big hit...
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May 18, 2024
05/24
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so can these digital disruptors really challenge the global giants like estee lauder and l'oreal? i'm going to be asking two women giving it a go. there they are. megha ashar, who's start up in india, just got millions of dollars of investment. and trinny woodall, the big boss of trinny london, who's gone from telling women what not to wear on her television show to selling cosmetics directly to them online. plus, why a lack of truck drivers around the world could be another big hit to our global supply chain. the big boss of the global truck maker scania joins me to talk truckers and whether an all electric future is possible. wherever you'rejoining me from around the world. once again, a big hello and a warm welcome to the show. you know, just over six years ago, the singing superstar rihanna, she launched a cosmetic brand called fenty. she had the backing of the global luxury goods giant lvmh. today, fenty has made rihanna a billionaire, but she's not alone. kyliejenner, one of the most followed people in the world on social media, launched a makeup line and became hugely succe
so can these digital disruptors really challenge the global giants like estee lauder and l'oreal? i'm going to be asking two women giving it a go. there they are. megha ashar, who's start up in india, just got millions of dollars of investment. and trinny woodall, the big boss of trinny london, who's gone from telling women what not to wear on her television show to selling cosmetics directly to them online. plus, why a lack of truck drivers around the world could be another big hit to our...
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May 1, 2024
05/24
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estee lauder lowering its revenue outlook for the rest of the year thanks to continued weakness in china. sales in the u.s. and canada were flat in the third quarter. you can follow all the latest company buzz on your bloomberg terminal. take a broader look at these markets right now. it is a down day ahead of the fed. more so if you take a look at the nasdaq 100. despite the rally by seeing in amazon, it is not enough to lift the broader indexes with some pretty ugly earnings on the rest of the companies that took the stage. below $60,000. coming up, a weight-loss drug that you can swallow. we will talk about and obesity drug pill. that is next. this is bloomberg. ♪ ♪ ♪ ♪ people couldn't see my potential. so i had to show them. i've run this place for 20 years, but i still need to prove that i'm more than what you see on paper. today i'm the ceo of my own company. it's the way my mind works. i have a very mechanical brain. why are we not rethinking this? i am more... i'm more than who i am on paper. katie: the weight loss boom helping to boost the bottom line of big pharma, reve
estee lauder lowering its revenue outlook for the rest of the year thanks to continued weakness in china. sales in the u.s. and canada were flat in the third quarter. you can follow all the latest company buzz on your bloomberg terminal. take a broader look at these markets right now. it is a down day ahead of the fed. more so if you take a look at the nasdaq 100. despite the rally by seeing in amazon, it is not enough to lift the broader indexes with some pretty ugly earnings on the rest of...
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May 17, 2024
05/24
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estee lauder could do that when they report in august. people have to understand why ri richemont sells well in china. they don't build mansions there but you can buy the most expensive watch and show who you are. the new person running is, i happened to bump into an executive last week who had a gorgeous necklace on that i wanted very much for my wife. i said, geez, that's beautiful. where did you get that? she said van cleef. i said, okay. >> sorry. >> you ever go to bulgari? they have $450,000 necklaces. that sets you back. >> industrials, jim, cat's leading the dow. freeport is up there today as well. then dupont. >> i love that. dupont, my travel trust had a big position because ed breen, not just because he was from the neighboring school district because that's not enough, but i think that the stock is incredibly cheap. by the way, they had great numbers, but the dupont quarter was incredible. if you think they're electronics, they have plastic for electronics. i think they're in the sweet spot. it's a total turnaround situation, a
estee lauder could do that when they report in august. people have to understand why ri richemont sells well in china. they don't build mansions there but you can buy the most expensive watch and show who you are. the new person running is, i happened to bump into an executive last week who had a gorgeous necklace on that i wanted very much for my wife. i said, geez, that's beautiful. where did you get that? she said van cleef. i said, okay. >> sorry. >> you ever go to bulgari? they...
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May 16, 2024
05/24
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estee lauder, i hope, my travel trust buying estee lauder here, but we have been dead wrong thinking there would be a turn in china. it's hard to guess where the chinese are going to buy and where they're not. >> some of the biggest gainers, walmart leads the s&p, which you don't always see. dollar general is close behind. target is close behind. >> target may be really cheap versus walmart now. dollar general is a quandary for me, because dollar general has had problems finding help. dollar general is -- their actual unit size, walmart will tell you, is not the bargain that you think it is versus walmart. walmart is just a plethora of bargains, and it's also like the old days, you walked in, and it was little debbie, you know, cinnamon rolls and tasty cake cakes and pies. just give me the lipitor. and now, you walk in and it's like organic and super organic. super organic. >> well, staples are the number one sector this morning on the s&p. >> this is what i mean about the rotation that we talked about of overbought. now, staples -- staples were terrible all last week. they were terr
estee lauder, i hope, my travel trust buying estee lauder here, but we have been dead wrong thinking there would be a turn in china. it's hard to guess where the chinese are going to buy and where they're not. >> some of the biggest gainers, walmart leads the s&p, which you don't always see. dollar general is close behind. target is close behind. >> target may be really cheap versus walmart now. dollar general is a quandary for me, because dollar general has had problems finding...
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stuart: how about estee lauder? lauren: down 10% this week, they gave a weak second half outlook, and they got a downgrade today at morgan stanley. they go to neutral. stuart: williams-sonoma a? lauren: upgrade to neutral with a price target of 27. 5 -- stuart: wait a minute, it's at 304 -- lauren: yeah. their commentary was good, will. yams sonoma is the home of picety spatulas, i always go for mid salad tongs. they're more money, but they work. if you look at the home furnishings category, in general it's improving especially out west. stuart: stock's up 4%, $300 a share. all right, take it. >>> coming up, a new report ea veal ises billions of dollars from mideastern countries have gone towards temperature funding our colleges. is that what's helping fuel the anti-semitech and anti-american protests? we're going to dig into it nor you. >>> trump is hosting a republican donor event in palm beach this weekend. a number of his potential vice presidential picks are are expected to attended. we'll bring you the list. >
stuart: how about estee lauder? lauren: down 10% this week, they gave a weak second half outlook, and they got a downgrade today at morgan stanley. they go to neutral. stuart: williams-sonoma a? lauren: upgrade to neutral with a price target of 27. 5 -- stuart: wait a minute, it's at 304 -- lauren: yeah. their commentary was good, will. yams sonoma is the home of picety spatulas, i always go for mid salad tongs. they're more money, but they work. if you look at the home furnishings category, in...
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May 3, 2024
05/24
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in the meantime check out shares of estee lauder. it sees a slower recovery for that name which has had no t lt mthf challenges down 34% inheas12ons. >>> stocks are in rally mode and so are bonds off the weaker than expected jobs report. steve liesman joins us to discuss what today's data might mean for the fed going forward. excited about rate cuts again. >> it's a one-two punch. the job numbers on the heels of the fed meeting restoring confidence in rate cuts but some of that taken away in just the past few minutes by an inflationary undercurrent in the 10:00 a.m. ism services report. a more dovish press conference by the fed than expected on wednesday, that offered the first and then the jobs report gave the probabilities a second boost. the cut was 38 from 24, not even money and there's the current from the post fed meeting. september, though, hitting 66. it had been under 50% earlier this week. now an even bet a lot of volatility in these numbers with each of the data that comes out. best news from wall street in the muted wage
in the meantime check out shares of estee lauder. it sees a slower recovery for that name which has had no t lt mthf challenges down 34% inheas12ons. >>> stocks are in rally mode and so are bonds off the weaker than expected jobs report. steve liesman joins us to discuss what today's data might mean for the fed going forward. excited about rate cuts again. >> it's a one-two punch. the job numbers on the heels of the fed meeting restoring confidence in rate cuts but some of that...
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May 23, 2024
05/24
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. >> but i'm not, and, of course -- >> you mean -- >> the e in blicep is not doing -- >> estee lauder, not elf, by the way. >> going to change it to elf >> i just wanted to make an announcement >> right >> no, i -- i think the real question is is you're seeing different -- you're seeing different momentum in handful of names here you are seeing in the aspirational side, in terms of different places where there are strengths, and some brands that are taking market share. so, elf clearly a case where the credibility of the company, of the management team, that people are following through here i like the valuation in estee going forward. >> when target reported, it talked about the strength in beauty elf is a major -- has major market share in target, that was strength, even in the midst of a not good earnings report, julie. >> absolutely. i think this is kind of been a consistent company that, you know, has been able to execute, and the way that it's really doing that is, it's providing value for customers, right it really is delivering on a prestige ability to, you know, give you the
. >> but i'm not, and, of course -- >> you mean -- >> the e in blicep is not doing -- >> estee lauder, not elf, by the way. >> going to change it to elf >> i just wanted to make an announcement >> right >> no, i -- i think the real question is is you're seeing different -- you're seeing different momentum in handful of names here you are seeing in the aspirational side, in terms of different places where there are strengths, and some brands that...
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May 28, 2024
05/24
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we put ourfindings to l'oreal and estee lauder. l'oreal told us, whenever an issue arises, l'oreal works proactively to identify the underlying causes and the way to resolve the issue. despite our strong commitments and actions, we know in certain parts of the world where l'oreal suppliers operate, there are risks to our commitments being upheld. we never request fragrance houses go lower than the market price for ingredients at the expense of farmers. estee lauder said, we believe the rights of all children should be protected and have contacted our suppliers to investigate this very serious matter. ijust want i just want to bring you ijust want to bring you the latest from the middle east, and idf news conference going on at the moment, and some interesting lines, lines bound to be controversial because saying the bombs use in the strike on sunday were the smallest air munitions, ourammunition alone munitions, our ammunition alone couldn't munitions, ourammunition alone couldn't have ignited the fire of the size we saw. he goes o
we put ourfindings to l'oreal and estee lauder. l'oreal told us, whenever an issue arises, l'oreal works proactively to identify the underlying causes and the way to resolve the issue. despite our strong commitments and actions, we know in certain parts of the world where l'oreal suppliers operate, there are risks to our commitments being upheld. we never request fragrance houses go lower than the market price for ingredients at the expense of farmers. estee lauder said, we believe the rights...
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May 2, 2024
05/24
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you're bad i mean, estee lauder had its first good quarter with china this week. any time that you can say, look, starbucks, china, eadviscerated the stock. nike, china's not that good. any place where china's not that good, it is overemphasized, almost overindexed in the brains of the analysts. so, beware that china will not be that good for apple >> let's get the opening bell here at the cnbc realtime exchange at the big board, it is make-a-wish kid luke bre brettenberger and his family doing the honors, ringing the opening bell we hope we can get a picture with him later on this morning at the nasdaq, it's israel advanced technology industries association. as breadth looks decent here at the open, jim. >> i was surprised, the last 15 minutes of the market was some sort of, i don't know, a disparity, because once powell made the point that, look, the next movement is likely going to be a cut, people just breathed a sigh of relief, and you just had many of the major companies we've been looking at, and we are thinking about google, amazon, microsoft, really shoot
you're bad i mean, estee lauder had its first good quarter with china this week. any time that you can say, look, starbucks, china, eadviscerated the stock. nike, china's not that good. any place where china's not that good, it is overemphasized, almost overindexed in the brains of the analysts. so, beware that china will not be that good for apple >> let's get the opening bell here at the cnbc realtime exchange at the big board, it is make-a-wish kid luke bre brettenberger and his family...