gucci which underwhelmed, sales rose by 0.2%. markets were looking at a rise of eight point -- 0.8%. picture as a couple of different things. you can see we are down about a quarter of one percent. this is the worst week so far in 2014 in almost a year for the british pound against the dollar. keep an eye on the yen. dollar/yen, this is dollar/yen over the case of the week. the new show you what is happening over the day. dollar/yen, 102.49. back to you. manus, thank you. manus cranny with the latest on what we can expect from the g 20. a draft g 20 communique is said to urge clear communication and coordination of global monetary policy. inbal finance chiefs meeting sydney this weekend will try to settle a spat between the u.s. and emerging markets over tapering of the federal reserve stimulus. joining us for his thoughts is the global head of equity trading strategy at citigroup. the g 20 are getting a lot of flak. this is about policy talking. at least you kind of have a consensus. there needs to be more coordinated policy. ex

gucci is the underwhelming part of the fourth quarter.et was looking for .8%. they are bolstering what is atng on at gucci, rebounding stores, rebounding products. there is a change in what is going on, which is taking time. i think with the market might -- louiswe vuitton vuitton turned around sharply. >> and what is the answer? >> it looks like it will take through 2014. these things take time. this is the weakest growth in four years. now, something in terms of consideration, it 8 a.m. when louisock opens, when vuitton did it come it did it with overall luxury. luxury is 66% of this group. they get the pop on the open and rewarded as well for the products. >> the other side of the coin, they have puma. >> where do you go with puma? how much more time you give them? >> they have been trying to turn it around since -- >> 2009, and that is a heck of a transformation. ceo came in. earnings are down 34% last year. on 84% of its business, they are going to spend a bucket load. they have done a huge deal. >> they are focusing on the sports si

is to accelerate the gucci innovation strategy. it is really that balancing act between dispensing with this gucci logo or the stamp on the bag and moving to the paradigm of louis vuitton, non-monitored non-monikered brand and product. it is going to take longer than the market originally anticipated. and then there is a whole proof story, which we will get to shortly. $90 million to facebook, lots of money, but less than half the amount phone carriers may lose in the coming years to the mobile message applications. hans nichols as the number for us. it is expensive for facebook or not, it is taking a lot of market share because it is sending many more messages on this kind of application instead of text messages. >> that is absolutely right. there are two sides to this story and that is that they are sucking a lot of revenues away from mobile phone companies. in 2013.on that is an estimate from a consulting firm. that will grow all the way to $54 billion in lost revenue in 2016. the u.s. market, it is declining, text messaging rev

flagship brand gucci saw sales fall further during the fourth quarter.e'll hear from the ceo of kering on those results later on in the show. the gap between luxury and nonluxury was very wide at one point during the financial crisis, even though the top end brand was holding up relatively well. how is the environment now when you look at the discount brands versus the top luxury? >> i think the fact that luxury is still outpacing the rest of retail, this is very much a 1% economy where stock markets have done really well, but luxury has slowed a little bit. china was such a big driver for the last two or three years and that consumer is normalizing. you can't keep seeing 20% growth on what's a big number. what that also meant i think is consumers become losers here. the chinese don't like bling, bling, bling all the time. so the super high brands have done well. someone who offers units has done very well because they offer exclusivity. the likes of gucci caught in the crossfire because it's a very big brand that's become common. cutting back that logo

. >> christie y'all gucci's in there. >> reporter: most recently for san jose's paul lena edmonds, who first came here for a fitting at able 4. these are all of her tracings. >> reporter: now on her way to the world's biggest stage. >> they come in and they are just so excited. it's like christmas morning. you know, they want to get those new boots and it's just very exciting and this tone see them advance and progress in their skating and to know you had a little part of that is pretty satisfying. >> reporter: they are proud of what they do here. >> you know, starting from very small up to being an lolympic champion, never know who is going to walk through our door when they are 4 years old. >> reporter: adding a later of security between the skater and ice n addition to well-known names like kerrigan, boitano, y'all gucci, starbuck, thomas and others, har lick made boots for ice dancing gold medal winners meryl davis and charlie white. >> they make them for aguirre and mathai? >> they would. >> doing pairs dancing? >> we would be a mess. >> trace your foot when you were 4. >> start t

i like gucci shoes. i shop at j. crew.er] >> you must make the difference between attitude and behavior. people are going to say -- and this is true in commercial terms as well as in political terms, people can like someone and do not vote for him, and like some product and buy some others for whatever reasons, or think that they are rationalizing a buy, and in fact they have made that decision just on impulse because they like it or they desire it. try to make a rational decision between the gucci -- i think you will have a big difficulty. the reason is not because that this shoe, the leather, or the shape or whatever, but the idea that you have of the brand. i think this is the most interesting part of our business, and i hope that it will remain difficult and its cure because i think it is very important that there is this part of humankind, which is at the end of the day, what i want, and you advertising people, retailers, technologists, go to hell, i do what i want and how i like it. and this is making our job extreme

and being held down a process that gucci trading while the road out in a factory and saw that divided the small convenient to buy processed chicken noodle need to read more stressors is easier to compare what i see is a fresh thinks it's ok. i can't get used to process she can try to eat as she can eat more pork and fish fry is an approach as kiki and blondie as tasty as fresh field line officials said the trading process to go to the dough will be isolated from the food sections in future cctv from job to stem cuttings. but it's full of geese news updates and tenderly in beijing by doc the eye. i do. and. i do aye aye aye aye aye aye. i was in the eye. south. xian. sells says. i hate it the eye lead when where or who will the us. here in japan it's a saturday night and james to go toe to welcome to the seller's new slide. heavy snow has blanketed windy areas long looks at the coast of eastern japan a low pressure system dumped record heavy snow fall on human areas around tokyo in the central tokyo had twenty seven centimeters of snow for the second time this month and the heaviest a

what is gucci kenya idea was that the enemies of the work. as a result of diets and making it just involves only fruits and vegetables including fresh clothes and tried to run things i see. it is also about to consume the knox county and some nice scenes which an author on the business. many few days busy thats can see me all you coffee despite efficient people. the main aim of housing each instance concerning cut its rate i am awesome and then it is too funny. the staff of the roughly just danced around to asking them to speak. whew was to let you in the mood. i seem to be in order to make money chasing gotten stuck in seafood which is maintained on enzymes were not seen in the tall i'm making no comment. you have an agreement is an absence of excellence to two surprises for the season to send you on friday for sunscreen buckwheat through receiving all the seats from russia example fifteen min of the season with juice contains four hundred and sixteen comments and you idiots cruising along on your system in those six going to keep up with yo

most reproduced his report and over thirty percent of it argues for defending me that on chanel and gucci are the most popular shoe brands of chinese people. but the beginning of last year the chinese government implemented a series of up to eighteen matches for government officials. have we affected the one to market for defending. what you want to have them include the most distinguishable wristwatch rent or buy korean officials frequently. the chinese internet users have the duty of the clue to find out how corrupt official it. i put it into port. the kills bollywood production has dropped by eleven percent down from thirteen compared to the previous year. another industry that the distorted by defending his title tobacco industry. weekly magazine report that by the government looking control policy tobacco companies to produce pleasure cigarette. it isn't uncommon to get carter to direct selling for more than one thousand went for a hundred us dollars. western chinese made it. and they don't figure accompanied kobe province which i plan to go super high and cigarette called the chines

guccihard to walk into a store and imagine paying $30 and participate in the gucci brand.ll be able to buy lipstick. the say mr. for chanel, tom ford -- they have these brand extensions that is great for business and for the consumer. >> it is nice to have a gucci lipstick in your purse. workingyour reporters during new york fashion week? >> we are all over the place. backstage is our incubator. we go backstage. we tweet, we instagram, we pinterest. we do all the things to communicate with our consumer. we're backstage. we have access in ways that other people do not. we have been doing it from the beginning. we are a beauty magazine parade -- magazine. thank you so much. thank you for joining us. linda wells, the editor-in-chief of "a lower" -- "allure" magazine. riskc taking a ratings after the con and o'brien disaster -- conan o'brien disaster? jon erlichman joining us from l.a. there's always a risk with these transitions. >> this is definitely a risk. leno is going out on top with a really big lead. nbc does not have a lot of examples and that. their number one with n

and i like to rob old men and sell drugs, and i'm at the point where i would do anything to maintain gucci. i like the best. >> currently awaiting trial on drug trafficking and burglary charges to which he has pled not guilty. culverson said he's been planning for a sex change operation. >> i'm a woman, got a 34-b, all right. and i'm still taking hormone pills, it will help me make the process exchange a little easier because it's painful, and i i've got to make sure that it's something they want to do. so they give me extra time to make sure it's what i want to do. once you get it done, there's no going back. >> are you scared to get your [ bleep ] cut off? >> i thought they would splint it and push it up in? see, i don't think i could do that. >> you would think being at a male dorm that i would have a field day? that's not true. they are 60 to 80 years old. the crypt keeper, that's how they look here. half dead and limping and not physical fit. ooh, please. >> for the time being, john schmidt need not be concerned with the other inmates in his housing unit. >> [ bleep ]. >> yep. >> he's

guatemala where he has a phony passport and dumps them in the jungle wearing nothing but his suit and his guccishoes. needless to say, he is not happy. indeed, government wiretaps uncovered a house select committee on assassination pickup both men talking about the fact that kennedy would be killed prior to his murder, and taking credit in the case after the murder. lyndon johnson relationship with the mob? carlos is one of his biggest financial supporters. lyndon johnson takes a 55,000 hours a year bribe from the mob to protect their illegal gambling operations from u.s. attorneys in houston, dallas and san antonio. indeed, within 24 hours of johnson becoming president, the wiretaps put on organized crime i robert kennedy are terminated by order of the president of the united states. then there's a big texas oil. they are apoplectic because john kennedy is talking about repealing the oil to pollution allowance. oil depletion allowance is a sweetheart tax break that texas right wing millionaire, billionaire oilman are receiving. by the way, still in place today yet to be repealed. but it will c

caring, which owns gucci they're working on sustainable ways to bring the product to market and working with the suppliers to get the actual supplies in the clothing to make it more sustainable. whether it's going crazy or normal, they can deal with it and make the product and not be up in the air. are doing the same thing.ing the same >> what's the single most important thing business and government and all of us can do together? >> first of all, talk about it, and then really look at the opportunities presented to us to use energy smarter, to grow our food smarter, to treat our water resources with great care and converse. across the board, come together and stop treating it like a partisan issue. it isn't. work on. >> thank you very much. up next, the roundtable takes on the week's politics, frothe strike to the papers and the collapse of the syrian peace talks. and kevin spacey is here live. we're back in just two minutes. [ male announcer ] we all think about life insurance. but when we start worrying about tomorrow, we miss out on the things that matter today. ♪ at axa, we offer a

and bahrain-based investment firm that once owned gucci.blackstone's shares are, moving higher by nearly a percent to 32.99. and some of versace's high fashion competitors such as karan and louis vuitton, they are just slightly lower today or flat. good to see everybody at the moment, and here's lbmh up about a half a percent. closing bell ringing in 25%. from super skinny, right? wearing versace to losing weight to fit into versace, yes, join the club. wait until you hear what nutrisystem is offering to slim you down to size. nutrisystem's ceo here first on fox business to tell us the secret to weight loss success and how those new fooddlabels will affect her business. she's up next. againn first on fox business. you've got to be here. ♪ ♪ she loves a lot of the same things you do. it's what you love about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for dailyse helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the on

gucci kicks things off in italy's capital of luxury.ng to a new study, spending on luxury is expected to grow to $1.2 trillion by 2020. for more, let's talk to antonio, a partner and managing director. nice to see you, good morning. a number of things coming out of this, clearly we are looking at a sector that has good growth prospects going forward. the sectories within are becoming increasingly interesting. we have lots of luxury ceos sitting in the chair that you are sitting in. we talked to hunter this week, we talked to lvmh. all these countries -- companies are telling us relatively the same thing. digital is a growing part of their business. they are still trying to figure out how to use it. most of them don't see it as a channel for sales but a channel for communication. how is that going to evolve? positive about the fact that luxury will be growing. the capabilities required to grow would be diverse. when we talk about digital, the most obvious things about sales that are done online. this accounts for 7% of the total luxury t

there's an increasing preference for some of the lesser known brands, almost sort of louis vuitton and guccibecome too mainstream. now people are looking to the niche brands, the lesser brands. so that provides opportunity as well as the luxury houses with their smaller brands. so maybe they can start to pick up the slack from the well known brands. >> thank you so much for that, matthew. >>> the tonight show" has a new but familiar host as he takes over for jay leno and brings "the tonight show" back to new york for the first time since years ago. his first guests were will smith and u2. he had several other friends welcome him to his new home. >> i can't believe this is happening, i'm really sitting here. i want to say thank you to all the fal fans for all the support. and to my buddy who said i would never be a host of "the tonight show," you know who you are, you owe me $100, buddy. [ cheers and applause ]. >> now, what's the worst bet that you've ever mete made? if you want to join the conversation here on "worldwide exchange," get in touch with us, worldwide@cnbc.com, @cnbcwex or direc

williams, i don't know about you, i think about gucci, i think about, you know, designer babies meaning their help, and the doctor points out this is geared towards specific diseases. i'm just curious on your thoughts as well as to whether or not the technology like that could be used, you know, initially for good, for diseases, but maybe later could help people have children when maybe they shouldn't, maybe they're too old, or maybe they're looking for qualities that you shouldn't get to arrange. >> right. well, the dna that's in question in this study is completely different from the dna we think of that makes us who we are as genetic individuals. it's dna associated with mitochondria that does not contribute significantly to who we are. it helps certain cellular processes, and replacing those abnormal bits of dna with similar bits that help restore those processes can help cure diseases that haven't been cured before. but what's interesting is that this same technology can help us help couples achieve pregnancy more often. we do know that eggs begin to age, and over time the mitochon

this is christie yama gucci and you're watching "fox & friends," the best show on ice. >> it is 25 degrees right now. it is icy on this tuesday. be careful, folks. >> that is the screams from the pentagon. their work has come out. proposed cuts by the secretary of defense will cut our standing force from 522,000 to 450,000. the u-2 spy plane will be done and they're due to increase special ops by 6%, a little bit of good news. the good news i believe is that congressional support is needed and there's even some democrats that are upset by some of these proposals. >> you're right about that. governor fallon of oklahoma faced a wave of tornadoes, deadly in 2013. she said this could weaken the government's ability when it comes to the national guards. people on both sides of the aisle, veterans, politicians -- >> senator jillibrand from new york. >> those who step up to defend our nation every day. congressman buckman on the kelly file last night said these cuts do nothing but hurt those who put their lives on the line. >> we could eliminate the whole defense budget. we could eliminate the wh

on the downside today, sales of gucci are decelerating.still for the first time in years. and that's whatted on the parent kering. restructuring charge there as well. disappointed on the session. we're watching rbs. it's widely reported that next thursday rbs, the bank, which is 81% owned by the british taxpayer, will announce it's axing 30,000 jobs potentially here in the united states and internationally as it goes back and retreats back to be a more domestically focused banks. we'll wait for the announcement next thursday from the new ceo. still waiting in rome for the man who will be italy's new prime minister to announce his cabinet. mr. renzi was due at 10:00 new york time. we will get details throughout the day. optimism of what he can deliver in terms of reform, taxes, or whether he will be basically stuck in his tracks as the two previous prime minister were from the two institutional drag there. italy's bonds in the meantime continue to rally and the yields fall as you can see now at 3.6% on the ten-year. guys, have a great weeke