michael how bad is this for brown foreman?iffs are generally bad for operating margins. for companies such as brown foreman exporter of jack daniels whiskey but i give impression i think management are trying to get their excuses in early. they estimate a around $50 million on annual earnings with tariffs. i would suggest that is -- that is excessive, and the reason why is that products aren't particularly price sensitive but appeal it a very discerning demographic. >> not increasing prices yet but eat the cost now to pinch them in the short-term. michael thank you very much. >> indeed endowed, absolutely. >> thank you michael we're just about out of time we want to let everybody at home know that we're watching futures right now. futures under pressure but remember -- that we have had day to day records for the s&p and nasdaq and dagen mcdowell knows this very well because she's watching numbers for us hello. >> they were pushing my chair forward so -- >> you have to get right in the spot dagen you're on. >> one of those morn

and the us brown foreman has issued a profit warning whiskey is among the american products targeted by brussels retaliatory tariffs which includes peanut butter and harley davidson motorcycles while the e.u. and the us have declared a cease fire on the ongoing conflict some products will continue to be affected by tariffs until the two trading partners can come to an agreement. and japanese electronics john panasonic plans to move its european headquarters to amsterdam from london in october to avoid any tax issues linked to brics it the u.k.'s exit from the e.u. could mean that japanese authorities may treat britain as a tax haven if that happened panasonic would face retro active active taxes for its u.k. operations back in japan uncertainty about the movement of goods and people between britain and the e.u. post breaks it also played a role in panasonic's decision. and that's your business update here on t.w. thanks for watching. a fashion item with the venerable power of. the prison shall hold to use its proper name the man. just strikes thomas as more non french sailor. then it

rather brown foreman that's the maker of jack daniels has issued a profit warning whiskey of course that's among the american products targeted by brussels as retaliator tariffs which includes peanut butter and harley-davidson motorcycles while the e.u. and the u.s. have declared a cease fire in their ongoing conflict some products will continue to be affected by tariffs until the two trading partners can come to an agreement. argentina's economy is in crisis and the country's currency to pay so suffered its biggest one day loss in three years overnight the president mary snow mccrae appeared on television and appealed to the i.m.f. to release emergency funds the peso has already been having a bad time this year with creeping inflation and budget deficits driving it down over forty percent since january everything is getting pricier food an actress city buses schools this year inflation in argentina is expected to reach around thirty percent and at the same time the peso continues to fall since the beginning of the year the argentinian currency has lost forty five percent of its value agai

whiskey is feeling the pain of the trades bats were tween the european union and the united states brown foreman has issued a profit of warning risky is among the american products targeted by brussels retaliatory terrorists which includes peanut butter and harley davidson motorcycles a price hike has not helped the ten. the risky maker offset losses as a result of the tears while the european union and the united states have declared a cease fire on their ongoing this beaut some products will continue to be affected by tears until the two trading partners come to an agreement. telecoms giant vodafone's all strain the operation is set to merge with the country's second biggest internet provider t p g telecom the deal is said to be worth eleven billion dollars what a phone has been struggling down on tour where it's the third biggest mobile phone provider in a joint venture of mentor hong kong based hutchens and he's hoping the planned merger will allow it to provide provide a stronger mix of services beyond mobile phones similar to the strategy vodafone has been following in countries like germa

brown foreman has issued a profit warning whiskey is among the american products targeted by brusselstaliatory terrorists which includes peanut butter and harley davidson motorcycles a price hike has not helped the tennessee whisky maker offset losses as a result of the terrorist while the e.u. and the u.s. have to cease their ongoing conflict some products will continue to be affected by tariffs until the two trading partners can come to an agreement. pictures from the red carpet at the venice film festival which kicks off of its most star studded editions on wednesday with ryan gosling claire four and naomi watts among the top talent there to greet the crowds many more expected including lady gaga emma stone and phoenix for its seventy fifth edition the first full on the lido is bolstering its status as the launching pad for many an oscar winner publicly and to support its line up. love the glamour the speaking of glamour occur. from v.w. culture is here to talk about bettas film festival first off there it seems like every self respecting film festival these days has to kick off wi

i wanted to mention, though, brown foreman reported very strong quarter when tennessee whisky up 8% jack 10% international growth up double digits overall a pretty good quarter there. the stock is up 2.5%. >> retail overall kind of weak but record highs for amazon and for the nasdaq let's get to bob this morning. hey, bob >> reporter: good morning, everybody. still record highs a little bit on the flatter side that's not surprising. we're in august. it's flattish in europe and asia even on theed advanced decline line slightly less impact from the trade juarwar resolution story modest move on the tech and energy staples are kind of flat as consumer discretionary kind of flat industrials and materials are a beneficiary of the trade war story improving are slightly flat, too. overall it's true the marginal mover of the market has been the trade story. we have been seeing this for awhile now this has been going on for a couple of weeks. even this week anything associated with trade war improving, chinese internet stocks, copper miners, any kind of material names, any kind of emerging markets

. >> the stocks that you own the most right now, alphabet, texas instrument, amazon, brown foreman.s all the time. so next month it might be completely different >> the machine is agnostic to the industry group >> the important thing is the dang algorithm changes and it learns and will change the stocks it's picking? >> it's learning depth of book, liquidity in each stock, the cost of transacting each stock, all of that along with millions of pieces of data. >> if everybody incorporated this technology, it's based on the idea that it's looking at information no one else is looking at this is the concern in artificial intelligence, everybody's using the same methodolo methodology. >> jim roberts is partnering where a company called global macros and you're picking global etfs but there's an artificial intelligence overlay on it >> it now picks global countries, it's a 30-day index that's rebalanced and all of it is based on artificial intelligence taking advantage of jim rogers' many, many years of successful investment. >> you're also in charge of the cannabis, you've been very invo