adidas faced heat from internal employees for their handling of diversity related issues.p and adidas have pledged to step up representation of underrepresented groups without explicitly mentioning their board makeups. and a final note, in 2019 black directors made up only 10% of board seats, so there is still a long way to go and you can anticipate that kanye is going to continue to speak out on this. francine: earlier this week we also heard that rules for awarding oscars changed to drive diversity in the industry. what have we learned? klaus: this came about -- jennifer:'s came about five years after the lack of diversity came to a head. put -- they academy put forth new rules. may 2024, best picture nominees will have to meet two of four specific diversity requirements either on-screen or offscreen. reaction was mixed in hollywood. some people said it is progress, other people we're pretty critical and said this is going to stifle artist creativity. others said this does not go far enough, and specifically i wanted to mention dr. stacy smith who commended the academy b

and on adidas, i'm wearing jordans until i'm on the board of adetroidas earlier he tweeted blackboardcalling for more diversity at the top both gap and adidas benefited tremendously from kanye's clout. gap up 60% since the partnership was announced in june. we're waiting that line next year adidas is up 350% since his first launch back in february 2015 we talked about the boom this had in ferterms of sales both companies unsurprise willingly had no comment for me. up with thing we were trying to figure out with gap is whether he is contract you'll aly bound to get the line released next year it's not clear but we do know the companies have a lot to lose, not keeping him happy. i don't know how they're going to handle the board question the flip side is if he's in breach but to specifically for the example to say he's wearing nike sneakers in in the meantime, i am am no expert on this i imagine he is in breeach of the deal in the first place >> no. i don't think so he's creative he's allowed to wear nike. this isn't like on the courts. he has a whole line that he has a profit share wit

unquestionable winter months to come and the fight against covid is by no means over >> shares in adidas and puma raced forward boosting the sports wear sector tesla shares in frankfurt hit reverse after the ceo said plans to scale up battery production will be extremely difficult. >> a warm welcome to "street signs. let's kick off the show with fresh data just off the wires. this is the eurozone composite for the month of september according to this flash estimate, 50.1, that is the slow down from the growth rate in august the services sector has fallen into kraks 47.6 down from 50.5 in august. the manufacturing sector holding up better. 53.7 that was ahead of consensus in 53.9 so a very, very clear trend as we look at the overall eurozone numbers as well as the german and french numbers as well as there is a two-speed recovery taking place continuing to strengthen on the back of demand services sector struggling this trend prominent in france let's bring in charlotte with more looking at the commentary coming out of the market paints a pretty troubling picture august data already point

we were heavily skewed with adidas, and we saw a lot of sales. 100,000 choose from, and yes, you can buy that limited addition, but what we have seen is over 40% of our sales on note are under retail. we have become the best place to buy sneakers, period. emily: let's talk about the competition, nike crushing its earnings expectations. what do you make of that in a pandemic no less, and is that similar to the growth you are seeing? eddy: nike is an iconic brand, and we aspire to be a brand like them. i think very symbiotic relationship between the two, we've seen similar growth based on their earnings for digital, we are seeing great growth, and they mentioned jordan's are increasing. ever since "the last dance" documentary aired, we have seen jordan's increase, as well. sales increased 76% on goat. numbershat do these tell you about the future of online versus off-line sales with regard to apparel and shoes in particular? eddy: we already saw a secular shift towards e-commerce pre-covid, but post covid, this shift and trend has only turbocharge

and 22 percent for adidas and that gives china leverage in the relationship the new guidelines from the german foreign ministry are meant to begin correcting that imbalance one key word diversification spreading out amongst more countries for strategic and trade partnerships foreign minister told his chinese counterpart one gave this week that his country wanted to be seen as an equal if there is a new tool and we won't allow it that we become the plaything of a superpower competition between the united states russia and china we want to be in dialogue with everyone. easier said than done many german businesses are wary of in danger in their relationship with china. well on this let's speak to gabriele felber my his president of the calle institute for the world economy here in germany thanks a lot for joining us so the german government has been pretty clear in its criticism of. certain chinese policies the treatment of the weak on kong security law but how much clout germany actually having is it big enough trading partner to make a difference. yes the tyranny is big trading china is

by many if the explosion was only the latest disaster blamed on the government a government that adidas passo the economy is in deep recession the currency in freefall corruption and mismanagement have wrecked basic services to be made has any. government protesters subsided when the coronavirus hit only to flare up again after the blast. i mean you're not one of the people you are a member of the ruling elite shouts one woman we do not recognize you. confronted with the rage pulsing through the capital the new prime minister beat a hasty retreat from the crowds chanting revolution. let's go straight to beirut now correspondent basile a really good day to you we just saw there on the new prime minister getting a very angry response where you are in beirut given the situation he's in right now can he form a stable government. this is the main challenging task for the new designated prime minister since ever since many of his left last 3 decades the main challenging question you've got for the trace any prime minister is how to form a new government especially with all these different sec

and 22 percent for adidas. and that gives china leverage in the relationship the new guidelines from the german foreign ministry are meant to begin correcting that imbalance one key word diversification spreading out amongst more countries for strategic and trade partnerships foreign minister told his chinese counterpart one gave this week that his country wanted to be seen as an equal if we won't allow it that we become the plaything of a superpower competition between the united states russia and china we want to be in dialogue with everyone. easier said than done many german businesses are wary of endangering their relationship with china well on this let's speak to gabriele feldman i his president of the killings to change for the world economy here in germany thanks a lot for joining us so the german government has been pretty clear in its criticism of. certain chinese policies the treatment of the weak. on kong security law but how much clout germany actually have i mean is it big enough trading partner t

and the trans atlantic -- adidas. is not just it is not just puma.comes after nike's returned to profit. they are doing well considering the pandemic slump. jeffrey said this should provide support to all these companies called higher by 2%. the ceo of nike saying nobody can match our pace. we see nike do that in terms of moving a lot of sales as well as trying to get consumers excited about their digital apps. matt: what is the story with osram liked? >> they are trading higher. higher at the opennet 8:00 a.m. london time as we have been talking about for a while ams, this bid to buy out the remaining shareholders of oz rim, -- osram, complete that takeover. it is based on expectations osram will overcome effects of the pandemic. the bright spot has been these semiconductors. they make lasers for smart watches. clearly that's not going away, is it? anna: thank you very much. we just have a few minutes until the start of the european equity trading day. markets fell in europe in particular so far on monday in expectation of the lockdown measures comi

director at morgan stanley. 152.as a price target of give your take on nike and to the likes of kuma and adidaspuma and a deed up. >> the nike numbers are strong here with the big beat last night. this indicates to us the overall demand for athletic apparel and footwear remains strong. it is strong globally. some of the big numbers in china, greater china already positive. they were first in covid and first out and we see a nice rebound in the grocery there. the big surprise out of europe, positive growth for nike in the quarter. it was up 5% in europe, and that is a surprise. europe was into covid around the same time as north america, and the north america business here was down about 1%. europe seems to rebound faster. that would suggest a positive readthrough for the global athletic apparel and footwear name, just because the overall market is improving. we do think nike is taking share in those markets, and in particular in north america. i do think there is a positive readthrough for everybody. guy: john donahoe on the call last night, the ceo for nike, and this is a quote from him, he sa

report published earlier this year by the australian strategic policy institute noted that nike, adidas and apple all have supply chains that included uigher workers laboring under forced conditions. it is critical that investors of these companies be given the to mation they need consider the risk associated with investing in these and other publicly traded u.s. companies. with forced labor in their supply chains. and it is equally critical that when required to disclose this information, that these companies confront the reality of their choices and make decisions that don't contribute o suffering, racism and death. this bill is a necessary step in ending this injustice. her bill would require the s.e.c. to issue rules requiring publicly traded companies to annually disclose imports of manufactured goods and materials that originate or source in the xinjiang uighur autonomous egion. it would also provide congress to get information on these disclosures and oversight. i'd just like to speak briefly to the misleading letter from the chamber of commerce opposing h.r. 6270, oned grounds t

adidas, badger sportswear, calvin klein, campbell soup company, coca-cola company, h&m, nike, patagoniand tommy hilfiger. >> nowadays, most things are made in china and clothing when it's made in china almost indicates that it's made by forced labor. >> these three congressmen voted against the bill, representative warren davidson, thomas massie of kentucky and justin amash of michigan. china says it has emptied many of the camps after successfully "reeducating indy radicalizing" muslim leaders. reuters reveals documents revealing that china is pushing tibetan rural workers into military-style training centers similar to the forced labor camps china established. >> john: clearly becoming a greater concern for the united states. meantime, mike pompeo warning china is using its consulate in new york city as a spy hub according to "the new york post" who did an interview with mike pompeo. his comments follow the arrest last week of the new york police department cop, the officer charged with spying on the chinese government. china denies the accusations. pompeo also told the post that he e

and then the is spillover effect from nike's success is splashing on lululemon, adidas and puma, allthem getting higher with puma up about 3%. >>> the race for a covid-19 vaccine adding a new competitor today. johnson & johnson announcing it has now begun stage three trials of its candidate. they have enrolled 60,000 participants. the stock popping on the news. right now it's holding on to gains. you can see from this intraday picture, folks, this is great what we offer you here. you can see the price, you can see the percentage jump, but then the intraday picture gives you that perspective. it was a lot higher today, just above $146, now it's at 144 and change with 55 minutes left to trade. this morning health officials including national institute of health, the national institute of allergy and infectious diseases director anthony fauci testified in front of a health committee on the federal coronavirus. our blake burman was watching every minute of this. blake, we have the president saying we're weeks away from the vaccine while dr. fauci pumped the brakes, but what is the consen

plus adidas thanks about a galaxy far, far away. the new sneaker channeling a star wars legend.ucing stocks by the slice from fidelity. now you can trade stocks and etfs for any amount you choose instead of buying by the share. all with no commissions. stocks by the slice from fidelity. get your slice today. with the icon that does the same. the rx, crafted by lexus. lease the 2020 rx 350 for $409 a month for 36 months. experience amazing at your lexus dealer. i wondered.. could another come around the corner? or could it play out differently? i wanted to help protect myself. my doctor recommended eliquis. eliquis is proven to treat and help prevent another dvt or pe blood clot. almost 98 percent of patients on eliquis didn't experience another. -and eliquis has significantly less major bleeding than the standard treatment. eliquis is fda-approved and has both. don't stop eliquis unless your doctor tells you to. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. if you had a spinal injection

stitch fix under pressure amazon will expand the shopping service to men's fashion they will feature adidas, levi's, carhart. customers begin with a style quiz they'll receive monthly outfit choices. amazon charges $5 a month compared to stitch fix's $20 a month. paul, we were excited you were on today to talk about this story. you see amazon come out and threatens other businesses where does stitch fix fit in >> well, so our plan on amazon looks at companies where amazon is stealing share from stitch fix have awe niche service. we always hear death by amazon is a slow bleed. april done slowly sucks up share from all brick & mortar retail you see the headline stories of amazon specifically targeting the specific company, they did the amazon prime video that was going to hurt netflix. i think it's more of i think stitch fix could probably be more of an amazon survivor than a death by amazon. but as far as the death by amazon index is concerned -- >> paul, are you saying it's a buying opportunity when amazon comes out with something like this and it puts pressure on the stock? >> yeah, reacti

i get it with kanye west and gap, adidas, he's a designer people love his stuff.jordan a special adviser to the board, it's hard to figure exactly what the direct benefit is in terms of new users, more to draftkings because he's on the board. maybe there's a ton of value there. looking at the market rise today, how much is added to that company, hard to draw that direct line for other major celebrities in terms of endorsing and being part of brands. >> i totally get what you mean on that. it's not quite as clear and it remains to be seen if he goes as far and starts recommending about recommended bets particularly on his sport, which he's an expert, but we're not expecting him to do that either way, clearly just his name recognition in what is now becoming a very competitive, saturated field, will boost the company he's endorsed. my company for you, sara, which we were discussing this morning, won't companies like nike, where clearly he's so indelibly linked be a little concerned, the power he adds to the nike brand, a little concerned at least they frowned upon p

in sports we typically have your official outfitter as nike or adidas both companies are preserving cash pulling back on marketing as a jostle for 2022, 2023 market share. how do you view the coming of the holidays and some of the direct consumer strategies and that stock in particular >> dan, what do you tell paul? >> yeah, in nike in particular, it's interesting this is one where you would have expected for a lot of the reasons we said about lulu investors might have been a little hesitant here but the stock is broken out and keeps making new highs every day so when you think about what does the holiday season look like nike is obviously trading into the olympics so we have that catalyst coming next year. we know if the nfl is on, that's good promotion we know they have done an amazing job in the directed consumer and that's a huge did i have difference. i like nike. this just broke out at 105, 106. i know you can't even consider the fact that stocks go down, but let me tell you something, i've been doing this a long time they do go down. you'll have opportunities to buy them take a li

chairman, that model exists in some way, as it relates to a nighter are one or an adidas and underarmour. if they were allowed to do individual deals -- i'll go back to our example. jordan love, our highest-profeel athlete, first-round pick of the green bay packers, we would have a select group of athletes who could command those types of revenues, and in all likelihood as it relates to footwear and apparel company, this he would diminish the amount they were providing, and instead funnel it to that institution that they thought had the 2k3wr5e9est opportunity to go forward, be professional and have a greater return on that investment for them. in that example, you would in all likelihood not be able to provide two or three pairs of shoes and practice gear and uniforms for, you know all the individuals on your track and field team, or on your gymnastics teams, things like that. those are the challenges that are there, and also with baseball, you've had the opportunity with baseball and hockey, they have very robust minor league systems that allow those students coming out of high school

to the example i used earlier, whether it is footwear and apparel rights as a relates to nike or adidas, and if they were allowed to do individual deals. i will go back to my original example, jordan love, our highest paid student athlete, we would have a select few student athletes who would be able to command those types of revenues, and in all likelihood, as a relates to footwear and apparel companies, they could diminish the amount they were providing to the institution and instead funnel it to the individual who they thought had the greatest opportunity to go forward, be professional, and have a greater return on that investment for them. and so in that example, you wouldn't all likelihood not be able to provide two or three pairs of shoes and practiced here and uniforms for all the individuals on your track and field team or on your gymnastics team, things like that. those are the challenges that are there. also with baseball, you have the opportunity, with baseball and hockey, they have very robust minor league systems that allow those students coming out of high school who are n

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report published earlier this year by the australian strategic policy institute noted that nike, adidas and apple all have supply chains that included uigher workers laboring under forced conditions. it is critical that investors of these companies be given the to mation they need consider the risk associated with investing in these and other publicly traded u.s. companies. with forced labor in their supply chains. and it is equally critical that when required to disclose this information, that these companies confront the reality of their choices and make decisions that don't contribute o suffering, racism and death. this bill is a necessary step in ending this injustice. her bill would require the s.e.c. to issue rules requiring publicly traded companies to annually disclose imports of manufactured goods and materials that originate or source in the xinjiang uighur autonomous egion. it would also provide congress to get information on these disclosures and oversight. i'd just like to speak briefly to the misleading letter from the chamber of commerce opposing h.r. 6270, oned grounds t