by the end of this year, the gucci with the offering from the designers.are changing their retail foot footprint. they are in the smaller shops and exclusive ones they also have difficulties with sa salon. they are trying to cut reliance on gucci they created the beauty division high-end fragrance is moving well and they are working and putting bits in place. the question is will investors give them the benefit of the doubt. the stock is down 40% this year. looking at hermes, different story. more demand than offer you have to be on the waiting list for their 10,000 euro bag birkin only some of the most exclusive cus customers. a different model. the very end of luxury of course, a customer doesn't suffer the ups and downs as the as pe aspirational buyer even in china, the demand is up. very different story there other players are trying to be hermes can you have several hermes? the jury is still out. >> it is a special business model. >> like ferrari, a league of their own. >> they are focused on that. thanks for breaking down the numbers, charlotte. >>>

. >> how'd you get iki's gucci. au kn,, you knctor angels, we're thearsa diego, a ? way, i lived in san francisco excellent. yeah, my dad an armyi loved dad. wa h le him. b taidt angel spire greatness in >> right. okay francisco. how lo pilo iues for number seven, which is the wator ch oked the g's, andar of rolr n that, right? you live we would e six.ea person on the tiethe lead do all those closure missed within. >> oh my i some video beca action, but maybe wts thatou're up there, really to ge poi each other's aircraft. >> inches. i mean, we'll 18in is what you'll fly to see the head t blues come, we're goingcome abght they're r at then what? we'll pretty how they say practicee u get to room,'sittle margine little margin. to say what dangerous, but it'sration, the go debriefing we youn e blue angels, me hair. theree solos coming an ide in at that really mean? right, impactr body? by the way, fro is from yesterd. circle maneuvers. that'sactualli aref gravitythat doesn't blue angel air t it's a fou would noal and so you you got to you to fight against those g forces.

i think actually it was house of gucci was on afterwards and we didn't want to hold up house of gucciccent. anyway, i was a little bit flustered so here's how i ended the programme that is actually technically officially called newsnight. faisal, leaving us on a cliff—hanger for this edition of newscast, which is where we will leave it now. victoria will be back on monday, and i hope you have a great weekend. bye— bye. do you know what, adam? what we like to say at the weekends is we're very happy to say when we get things wrong. paddy's had to do it. i've had to do it. you're in marvellous company. do you know, my kind of freudian theory about why i did that? apart from the fact that the two programmes have similar names, is that we've just done a huge item about donald trump going onjoe rogan�*s podcast. joe rogan, the biggest podcaster in the world, 17 million listeners to each episode. so i think psychologically, i was trying to just do some promotion for newscast to get us up into the tens. you just made a mistake. it's ok, we all do it. and also, most people were watching graham

carrie has named santino as the gucci ceo leading a turnaround.ormer lvmh executive takes over in january. gucci has struggled with cooling demand for goods in chiner, falling by more than 40%. co-founder of gp with his views on where to invest in ai coming up. this is bloomberg. ♪ ♪ >> happy wednesday. breaking news from the french and bank of governor, excuse me, central-bank governor. it won't be the last. it won't be the last. he suggests space for the ecb. 90% chance of another cut, it will be the furred one,, markets expecting 47 basis points of cuts, euro-dollar 109. the u.s. is weighing breaking up google seeking to prevent it from using crown and android to its advantage. google said that would break them. gp all star awards kickoff in london. let's bring in a manager of gp bullhound. how big tech is shaping the go system. is this supportive? talk about concerns amongst lawmakers? >> dominance is growing false. a little bit of dominance can benefit the customer and we want that. there are classic examples of amazon, they changed lives but

it has not made much headway in that direction, adding to the challenges for carrion, lifting gucci'seal, and then trying to counter the weakness out of china, as well. haslinda: so they are pretty cautious in their outlook, how about hermes? avril: we have seen how they have been pretty resilient. among luxury retailers, they have a loyal following, including yourself. [laughter] and they have exclusive products, so it has been faring better than a lot of the other luxury retailers. even though we have like morgan stanley showing us how i think from the china revenues accounts for 40% of sales versus others at 30%, that rand recognition is really helping them to state ahead of the pack. you think about how the luxury slump is deepening, and we have bloomberg intelligence telling us that it is unlikely that herm es can remain immune, and the estimate is it could face its slowest quarter in years. haslinda: so even they are not spared, not even with the bargains. thank you. linkedin says the labor market is brimming with change, thanks to the rise of ai. the ceo told us how the new tec

he showed up for one trial and gucci loafers. but then in front of the gathered press, he changed into reebok's more appropriate for the drab jailhouse and declared he was ready for freddy and public gotti like to play the part of the gent holding doors generously, tipping reprimanding his men for breaches of etiquette. the media delighted in the he held the door for the us prosecutor. u.s. attorney diane giacalone. but the trial strategy cooked up with his attorney cutler was somewhat less gentlemanly. cutler got one government witness to call giacalone a -- and a --. a defense witness tests for the giacalone to entice him to testify against gotti gave me her panties out of her bottom drawer. told me to facilitate myself. they managed to paint her both as an uptight bureaucrat who resented lifestyle because he enjoyed himself and sexually promiscuous a pervert. the trial ended in an acquittal for gotti. gotti liked to make grand gestures of largesse in front of tv cameras. he once gave a homeless man a $50 bill and then went to

he showed up for one trailing gucci loafers but then i'm front of the press he changed into reeboks more appropriate for the jailhouse and declared he was ready for freddie. in public scottie liked to play the partth of jack holding doors generously tipping reprimanding his men for breaches of etiquette for the media delight in way he held the door for u.se prosecutors. the trial strategy with cutler was somewhat less jump on me. a defense witness in tyson to testify against scottie getting hard candies ofdr her bottom drawer in telling them to facilitate themselves. they painted him as an up type aircraft and or misque as a. the trial ended in a acquittal for scottie. he liked to make gestures in front of tv cameras. he gave a homeless man 50-dollar bill in half to be usually get 50 to home as he said was that a 50? he took back the 50 and replaced it. one trial he instructed to give a house to the homeless putting a cardboard box on the street. he left the courthouse with when the judge is under smiling dapper like a tribe politician andd the staff and admirers were waiting to pay homa

gucci does well, caring does well.es feel like when you hear from executives at caring they think the turnaround plan is working with their new designer. they went from loud fashion to a little bit more quiet luxury, but you are not seeing it yet in the numbers. jonathan: gucci's sales slumping 25% from a year earlier. let's get you some single names and kick it off with tesla, delivering better-than-expected earnings, reporting its biggest her quarterly profit in more than a year. dan ives of wedbush keeping his outperform writing, writing this is clearly an indication that musk is continuing to focus on his profitability side. the bulls will tear this quarter. after a choppy 2024. i'm pleased to say that dan joins us now. let's get into some of the optimism. promising 20 to 30% delivery growth next year. where is 20% to 30% delivery growth coming from? dan: i think china is what is going to be driving that. look, this is much better than anyone thought. that optimism is very important. combined with that margin spike

the gucci owner issuing a profit warning, saying 2024 operating income would be almost halved as weakd whirlpool higher after an earnings beat and upping guidance las vegas sands and united rentals missing, and mattel reporting a beat on earnings, but a small miss on revenue. karen, you own uri, kering, where do you want to go? >> i'll go uri i really want to caution people, you've got to listen to the call, which is tomorrow morning at 8:30. and hear about the quarter, but also about their outlook i mean, this has been a beast, and down a lot in the last ten days, but still, an extraordinary story. kering, just awful, but they've -- anyone who wasn't expecting awful hasn't been paying attention, particularly for kering there's a very specific issue, which is gucci, which is a disaster >> you flagged seagate >> yeah, this is interesting there has not been a stock that's been caught up in the gen a.i. euphoria over the course of the last year. maybe they can put a one-year chart up looks like a 45 degree angle the guidance looked at when you look at some of their customers, it's dell,

he showed up for one trial and gucci loafers. but then in front of the gathered press, he changed into reebok's more appropriate for the drab jailhouse and declared he was ready for freddy and public gotti like to play the part of the gent holding doors generously, tipping reprimanding his men for breaches of etiquette. the media delighted in the he held the door for the us prosecutor. u.s. attorney diane giacalone. but the trial strategy cooked up with his attorney cutler was somewhat less gentlemanly. cutler got one government witness to call giacalone a -- and a --. a defense witness tests for the giacalone to entice him to testify against gotti gave me her panties out of her bottom drawer. told me to facilitate myself. they managed to paint her both as an uptight bureaucrat who resented lifestyle because he enjoyed himself and sexually promiscuous a pervert. the trial ended in an acquittal for gotti. gotti liked to make grand gestures of largesse in front of tv cameras. he once gave a homeless man a $50 bill and then went to

. >> did you see that kmart got that sort of gucci slide look, that sort of thing going. >> you know, donald trump, i feel people are like, he could not possibly be saying these things, but michael just played more of what he said. here is what he said about january 6th, peaceful transfer of power, love, in chicago on tuesday. let's hear that. >> i do believe, i do believe, this is really-- >> are you encouraging a peaceful transfer of power? segment you had a peaceful transfer of power. sigma come on, president trump, you had a peaceful transfer of power better than venezuela. >> people are angry. i tell you what, they never show that. the primary scene in washington was hundreds of thousands, the largest group of people i have ever spoken to before, and it was love and peace. and some people went to the capitol, and a lot of strange things happened there. a lot of strange things. >> you know, this is, i think, very important. because you hear-- i've heard it from white house reporters, i have heard it from other folks in the media apparatus. voters know who donald trump is . yes, th

running near the door, everyone knew that i was already going home, this is a goochik, well, his name is gucci because the most expensive priceless, like brand in principle. he will be four years old, so he is already quite mature, in character, well, not obedient at times, but so kind, it is difficult yes at times, of course, when he really wants something, especially if you take it from the table, they don’t give it to him, then he shows his character, starts barking, yapping, well, of course, he still doesn’t get it, well, sometimes, of course, they make their puppy eyes and you have to go. about him, oh, i love him very much, like, i don’t know, i have a tattoo, a guchka, well, i i don't know, i should ask him how much he loves me, well i think that he loves me very much and rightly so, we simply couldn't help but find out the cute stories of these mischievous little creatures' lives and for good reason, as it turned out, all the pets are still little gluttons, i remember my mother made pancakes for breakfast, left them on the table, grandma comes to... to us, that is, no one is home, gran

we saw wording from the owner of gucci and hermes later will have resilience, shares outperformed.g the pain? we speak to german president naugle. the opening trade is next, don't go anywhere. this is bloomberg. ♪ anna: i'm in a edwards alongside guy johns

. >> this has more high end like the big name brands chanel, gucci and all that stuff. so maybe that's what they're going after. >> unfortunately, stephanie decker is office manager at walnut creek esthetics down the street. >> it's sad because it's beautiful here, but they've been hit a couple times. hopefully, you know, it'll stop. >> walnut creek police arrived within two minutes. after all, the police departments just a couple of blocks away. but the robbers, all wearing sweatshirts, gloves and face coverings, were long gone. police say a worker suffered minor injuries from broken glass. >> i think something has to change is what goes through my mind. i'm not exactly sure what. >> tamara bartlett owns delicious, a women's clothing and shoe store across the street. >> if something doesn't change soon, i think you're going to see empty streets. you're going to see empty storefronts. >> it's terrifying to watch. and as a business owner, especially knowing that my wife and our employees are here and i'm not her husband and co-owner jonathan bartlett sits on the board of

time for the government is involved to gucci indigo washing machines. and again, let me see if the max at impact to the relationship with the united states who did not welcome the legal answer to t as strongly in coverage seem to strike a deal to you is for its part has declined to become public, consulting the disputants but we know that prison joe biden, praise the deal as a he started agreement to move that it's private position as me, that's a base on vehicle garcia should not to be placed in jeopardy. so it seems like this is the to not the move to please washington ad sneed is innocent. people suffer the vote. counting is over in the engine region, all of which a new on cash met with the 1st time in a decade. elections have taken place, results show the congress national alliance has secured 49 out of 19 seats on the set to form a new government fall into his ruling party to p. j. p is trading behind is 29 seats around 9000000 people and it's quote, to vote. you can see that locals took to the st, celebrating the outcome was called the live now to

you had in tokyo the hit gucci report -- the higuci report that said japan should no longer rely on the u.s. for security but should turn to the united nations. today you think, how could people think that? but in the post-cold war period, you realized the world looked very different than it does today. those were the circumstances of the end of the cold war. what i felt was that if you looked at the future of east asia -- i should add one more point. china was still in the post tiananmen turmoil. when warren first went to beijing in 1993, it was to berate them about human rights violations, not economics at all. it was not about the military. at that stage, the world looked very different. from my perspective, the future of east asia was going to be three major powers, the u.s., japan, and china. sort of elementary balance of power 101 says it's better to be part of the two than the one. so to my mind maintaining the u.s.-japan security treaty was critical. i won't bore you with all the domestic political bureaucracy and detail of political struggles to try to get a change in the ameri

gucci has work to do too. of lost your way, if you have not gone back to basics, that you need to look on your roster of people of left to try to bring them back. dana: let's see what happens. it will take a while to create innovation at nike. elliot hill is a culture builder and people builder. i think he will bring back a lot of the people who have the mojo with product, when nike was there, but it takes 15 months, 18 months. you walk in the door, it does not change overnight. annmarie: based on what you're saying, what i get is quiet luxury reign supreme over that loud luxury, given what gucci has tried in the past. dana: quiet luxury does reign supreme. look at all the news and noise consumers are spending their time on, whether it is macro events, the upcoming election. there is a lot of news and noise. quiet marjorie -- quiet luxury, hermes -- they're still winning. jonathan: do you get the sense that is what happened with vertebrae, they started to chase the loud luxury, and it just went wrong? dana: an

will lessen competition in the handbag market the deal is needed to better compete with brands like gucci shares of tapestry are up over 13%. look at capri holdings shares down 45%. we will talk about that much more here in the show. >>> big day for sneaker stocks skechers and deckers outdoors are popping. this is decker saying the sale of the popular running shoes surged 30% in the quarter and a 12% sales pop in fiscal 2025 shares of skechers are up 35%. >>> call this one an a.i. play shares of western digital were above estimates western digital is the hard disc drive maker. the recent quarter was helped by strong demand from cloud service providers with cloud sales soaring 153% shares of western digital up 12%. >>> time for the check on the other top corporate stories. silvana henao is here with those. happy friday >> happy friday, frank today, we start with the richest person in the world. elon musk adding another $26 billion in paper wealth yesterday after tesla shares saw their biggest one-day rally since 2013 as of this morning, musk is worth $256 billion according to forbes, putti

we introduced a product with gucci where we have something that looks much more like jewelry and lessece of technology and fits into your life. the future is very bright for rings. lots of head to grow this business. more importantly i think people being aware of their health and understanding how to manage their health is a big opportunity. everyone on the planet should have one of these things. ed: tom hale, good to catch up. a new etf launches today focusing on chinese tech stocks. that conversation is coming up next. this is "bloomberg technology." ♪ caroline: welcome back to "bloomberg technology." ed: and i am ed ludlow in san francisco. if you're waking up to financial markets this is what it looks like. the nasdaq 100 is kind of flat. a modest outperformance in semiconductors. bitcoin has come in under pressure. if you are an investor it is about weighing an escalating conflict in the middle east with economic data, a lot of hype around ai but no strong movement in either direction apart from a few single names. in an interview the ceo saying demand for blackwell, the latest g

. >>> it's all changed at gucci. the nkering company has gone on. you can see shares on the move as a result. >>> and informa is set to restructure its global operations after acquiring the british rival fascentiaa for 1. billion pounds. >>> stay with us here on the program. we are back in just two minutes, and just ahead, we'll be speaking to richard teng, the ceo of binance. that story on crypto is coming up next. stay with us. hey, can you speak french? who, me? i know a few words. if you're struggling to speak a new language, you should try babbel, a learning platform designed by over 200 language experts. it's like having your own personal language coach. babbel offers live classes with expert teachers for real world conversation practice. it's totally flexible so you can learn at your own pace and with the right practice and coaching, start speaking a new language in as little as three weeks. go to babble.com to claim your limited time offer today. what is cirkul? cirkul is what you hope for when life tosses lemons your way. cirkul is your fro

. >> this has more high end like the big name brands chanel, gucci and all that stuff. so maybe that's what they're going after. unfortunately. >> stephanie decker is office manager at walnut creek esthetics down the street. >> it's sad because it's beautiful here, but they've been hit a couple times. hopefully you know it will stop. >> walnut creek police arrived within two minutes after all the police departments, just a couple of blocks away. but the robbers, all wearing sweatshirts, gloves and face coverings, were long gone. police say a worker suffered minor injuries from broken glass. >> i think something has to change is what goes through my mind. i'm not exactly sure what tamara bartlett owns. >> delicious a women's clothing and shoe store across the street. if something doesn't change soon, i think you're going to see empty streets. >> you're going to see empty storefronts. >> it's terrifying to watch. and as a business owner, especially knowing that my wife and our employees are here and i'm not. >> her husband and co-owner jonathan bartlett sits on the board

how can we give intel $3 billion and say it's okay for tapestry to lose out to louis vuitton and guccihe barrier to entry for this market. it isn't very high, leather goods and gold aren't things incredibly finite resources and under the biden administration mergers have been abandoned at twice the rate compared to trump because of it's part of their regime. lina khan is acquired business an it's part of the consequence and they declared war on innovation. charles: another place that some folks are afraid that war is being declared is that on free speech and we're really hearing it about this talk about reconstituting the supreme court and 63% of americans indicate in one survey that free speech is very important. the only thing that came above this is inflation, tiana. i don't know we appreciate how much of a role this is in this year's election. >> absolutely not because we saw the total complete takeover from 2020 covid censorship, you know, continued all the way through and then october 7 happened and we saw in the university campuses that we are directly funding, not just through

. >> this has more high end like the big name brands chanel, gucci and all that stuff.tely, the video shows one woman who works at the shop, along with the owner chasing after the robbers. >> so far, there have been no arrests in this case. a new study finds younger people are getting colonoscopies. the federal government recommended a lower screening age for colonoscopies in 2021, lowering the age from 50 to 45 because of a rise in cancer. a new study looked at 10 million patients and found that screenings have tripled among those in that age group, age 45 to 49. the cdc recommends screenings every three years for this type of cancer. the american cancer society hosted the making strides against breast cancer walk in san francisco. hundreds laced up their sneakers at the marina green for the walk. the event has become one of the largest and most successful local fundraisers in fighting breast cancer. it's the second most common cancer among women. we spoke to one breast cancer survivor about why this event is so important. >> it's important to spread awareness, make su

after smashing display cases with sledgehammers has more high end like the big name brands chanel, gucci woman who works at the shop, along with the owner chasing after the robbers. >> so far, no arrests in this case. >> well, california is awarding $167 million in grant funding for mental health services. substance abuse treatment and diversion programs. the money comes from proposition 47, approved by california voters ten years ago. that measure reduced the penalties for some nonviolent crimes from felonies to misdemeanors and directed the savings from less incarceration to help people rehabilitate their lives. the alameda county district attorney's office they will receive $6 million. meantime, the marin county sheriff's office will get $6 million, and the san francisco department of homelessness and supportive housing. they will receive $8 million. >> all right, let's go straight back to our bay area weather. i know you're also keeping an eye on the gulf coast here. as milton is about, is predicted to be soon a category five. >> you were reporting by tomorrow. it's category four now

you think you are buying a rolex from donald trump or a gucci bag.onald trump is selling you a rolodex or a gotcha bag. host: here is john in liverpool, new york. caller: the only issue to me that the republicans have correct is immigration. you can hear from the callers how it spans different levels of these people taking up the resources, medical resources and staying at expensive hotels. but that is the only thing they have right. the republicans are wrong on gun control. they are wrong on abortion. they are wrong on everything. but i voted by mail for trump already because of one issue -- immigration. i want these people deported. they cut in line against everyone doing it legally. they cut in line. they talk about that bill that the trump did not -- exerted pressure so they would not pass it. it is a bad bill. it would have let 2080 people every month come into this country. i am a democrat that supports mass deportation. a democrat for deportation. that is me. host: tonya is in fredericksburg, virginia, independent. caller: good morning. i just

. >> gucci, andrew >> those are okay. >> do you have you don't have a murse >> just a fanny pack >> >>> the fallout of the boeing machinist strikes. spirit aerosystems is now laying off workers if the boeing strike stretches beyond november 25th the union rejected the latest contract proposal earlier this week and if you don't know, spirit makes fuselages for the boeing's best selling 737 max as well as other parts and has already been weighing temporary furloughs starting next week. >>> burger king parent restaurant brands and yum brands known for taco bell and kfc brands are pulling onions from the selected restaurants after the e. coli outbreak tied to mcdonald's no cases have been tied to burger king or yum, they are doing it out of a abundance of precaution >>> in the meantime, elon musk adding another $26 billion to his wealth yesterday a surge of tesla stock and now worth $260 billion according to forbes the wall street journal reporting he had quote secret conversations with vladimir putin. among other items, the paper reports that moosusk an vvoided operate the satellite over