a pair of women's sandals at hermes 560 euros.a cheap, but that's almost 50% cheaper than what it would cost you to buy a sandals at chanel today. we think there's quite a lot of pricing and also one element we didn't talk about was next. the idea that a seasonal item comes in at a higher price point. lvmh was saying the biggest factor driving strong performer is the mix which means you by a seasonal product at a higher price. alix: i want to get your read on the u.s.. i appreciate it is the least amount of its revenue for hermes but is there a possibility that we end up seeing the u.s. consumer hold in, how much of a catalyst could that be if things aren't as bad as we may think? guest: it's a good question and it is very topical, the one thing that luxury investors do worry about in the sector. have to remind you that luxury demand peak on an underlying basis q1 2022 and we have seen normalization since. what we haven't seen is a hard landing and consumption from american consumer. the progressive normalization means the growth

louis vuitton, chanel, gucci, and hermes. others have made significant strides in have grown substantially while gucci has pretty much stood still. in large part of you has been the creative direction hasn't moved forward and kept pace with changing market trends. that is set to change with the appointment of the new creative director. the jury is out on how quickly and much he can execute, but should he be able to stabilize and turn around the ship the valuation at current levels looks attractive. guy: lvmh on wednesday, hermes on friday. always a pleasure, thank you very much, indeed. gam investment director. we are done. the easter weekend is upon us and these are the final numbers out of europe. just off of session highs but very close to them for the ftse 100. the dax and the cac also up. thecac may be weighed down by luxury names. coming up, more insight into our question of the day, are markets position for a poor payroll number tomorrow? we will ask the chief economist for the washington center for equitable growth ne

it is diverging from lvmh and hermes. carole: it's not really a surprise here.in mind a growth of 0% for q1 and it came out at 1% of pretty much in line. they are weaker because they are in transition. we are expecting a new designer to calm with the collection in september and they will be changes internally to make the brand stronger and build momentum. because of that, you have weaker growth versus their peers. in the market as well, gucci is a bit more exposed to the u.s. consumer and also the entry price consumer has been a bit more under pressure in america on the back of the macro headwinds. these are the two key reasons why. tom: the transition of the business and vulnerability of exposure to the u.s.. you did not touch on marketing campaigns that have been hit by this. balenciaga with the bondage bears and in china, gucci has been hit by advertising that has soured the mood of buyers in china. can they put that behind them? carole: i think they can definitely. to come back to balenciaga, it is mostly visible in the u.s. market. weak growth in the other

we have decent gains across the luxy luxury names lvmh and hermes driven by the domestic chinese consumer. lvmh is up 1.1%. decent bid for the luxury names. >>> the world's second largest economy is showing signs of recovery gdp accelerated to 44.5% in the first quarter. sam filed this report. >> china's economy grew faster than expected last quarter as it emerged from the lockdown covid strategy q1 gdp beat forecast coming in at 4.5%. the economy grew 2.2% on the quarterly basis. the recovery has been uneven with consumption and services and infrastructure doing the heavy bidding. 10.6% higher which is hitting a two-year high as consumption is recovering with restaurant growth industrial output was just below expectations, but also picked up from february at 3.9%. manufacturing has struggled to keep up with the post-reopening rebound. exports were strong, but the marketing is waiting to see if it has legs or factories playing catch up fixed assets missed at 5.1%. investment was up when it came to infrastructure, but down in the property sector. unemployment edged lower in march. jobless

that is the senior equity strategist at federated hermes.oming up, the inaugural unmanned flight of spacex starship incident explosion. elon musk says a lot was learned for the next test flight. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh did you ever stress about us having three kids? no, that was always part of the plan. three kids?! this was never part of the plan! these kids order the lobster mac 'n cheese! what if she wants to play golf? we're going to have to outlaw golf. absolutely no golf in this house! not under my roof! since we started working with empower, all of our financial questions have been answered, so we don't have to worry. so you never- nope. always part of the plan. join 17 million people and take control of your financial future to empower what's next. start today at empower.com dani: -- angel: it's time for the bloomberg business flash. a mixed bag of results for at&t. the phone giant reported free cash flow that missed es

. >> better than lvmh was hermes. >> incredible growth big heavies like target and gap and carters, especiallys dog world hunt they're not doing well i think it's -- there's a message there. >> mike? what do you think? >> yeah, it's interesting, of course, so we've seen recent underperformance it's important to remember if you're looking at xrt, it's still up 34, 35% from the pre-pandemic highs that's actually more than the s&p is up over the exact same period there's a reason that we've seen that kind of outperformance. that was that basically it was the perfect setup for retailers during the pandemic. consumers were flush, they went out and spent. basically, that is the dynamic that's coming unwound and that's the reason the trade itself is coming unwound if you take a look at the entire group, now i'm going to talk about the p/e of xrt i'm going to exclude the outliers i'm not going to include amazon or gap stores which doesn't have any earnings at all to speak of right now. all of the cheapest stocks in the group, which you actually mentioned a couple of them, we're talking now about the c

. >> it's true hermes, i don't know if you saw overnight. double digit growth in the u.s. no slowdown. >> but the big heavies like target, gap, carters there's an expression -- this dog won't hunt they're not doing well, and i think there's a message there. >> mike, what do you think >> yeah, it's interesting of course we've seen some recent underperformance, but i think it's important to remember that if you're looking at xrt, xrt is still up about 34%, 35% from the prepandemic highs, and that's actually more than the s&p is up over the exact same period, and there's a reason that we've seen that kind of outperformance, and that was basically it was the perfect setup for retailers during the pandemic. consumers were flushed they went out, they spent, and basically that is the dynamic that's coming unwound, and that's the reason the trade itself is coming unwound if you take a look at the entire group -- i'm going to talk about the p.e. of xrt, but i'm going to exclude the outliers. so not going to include amazon or gap stores, which doesn't have earnings to speak of at al

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together -- and hermes together make up 21% of the cac 40. i even said cac 40.n is the last time you said that? tom: ken prewitt and i used to argue, he would be quoting the cac 40 and i was like nobody cares. there is. jonathan: lvmh is 13% of the cac 40. tom: is this the new goat -- lisa: is this the new gold? i wonder how much of this is being driven by revenge spending of people in china who can suddenly travel and go out and i wonder if this is the main story behind some of the luxury spending and the fact that people who are in the upper income gained a lot more during the pandemic and now having to spend. jonathan: it was interesting what patrick haas said about this. he rode the wave and then he sold it. the interesting about the why, why he sold it. the second point was once a company rallies this much he thinks there will be pressure on lvmh to make another big acquisition. tom: that is why they did the deal last week. i hear about this all the time. i am an amateur. good morning to any number of people in new york who have helped me on luxury finance.

hermes is up 1.4%. they said china's sales. the chinese new year there were a whole lot of sales.raight is not going anywhere. alix: we are waiting to get another macro view. we will take you to the imf shortly. there is a panel there with heavy hitters. we will get to that in a second. in the meantime, we want to keep you update from news from around the world. here's the first word. the biden administration has asked the supreme court to step into keep a widely used abortion pill. the justice department wants the court to posit constrictions that were supposed to go into effect today. there was a ruling that would've suspended memphis per stones -- mifepristone by mail. ukrainian contemplating the need for intense fighting and 2024. u.s. officials offered their own perspective. u.s. government is struggling to explain how a 21-year-old man was in a position to leak that massive trove of classified documents related to the ukraine conflict. a cyber security specialist of the national guard was arrested a massachusetts it is scheduled to be arraigned in u.s. district court in bost

lvmh carrying other names with it hermes and kering and moncler all higher this morning. >>> and pricesh end timepieces facing prior essure last year, but new owners moving in we have robert frank with more >> i follow the money, frank prices for collectible watches falling 27% over the last year is this a burst of the bubble which saw prices quadruple the past year. the ceo among with rolex told me he thinks prices won't go much lower than they are now. the reason is a new generation of millennial and gen z collectors >> the funny thing is we thought that young people could not appreciate craftsmanship and watchmaking. they did it is funny to see today that actually the young generation are becoming our top ambassadors. they are the ones preaching the choir with social media. they are the best advertising and bringing their parents to the brand. >> demand is soaring and supply is not audemars makes 50,000 watches a year they can sell over 80,000 if they want. because there are no watches available to buy in stores, prices for pre-owned are two to three times the original price if you l

the rich keep spending look at hermes stock, it's on fire the issue with american express isn't the generalhey can get young people to pay 500 bucks a month to get into a lounge i'm a business owner i've got the card so i can get into the lounge at delta and l.a.x. it's the only stock in the space i like. >> in the space. what about the home builder space which has been a strong spot lately. do you like it >> i do. a year ago or so i was on the show and asked about this stock and i said, if you want to speculate, this could be an early mover, but i was right and i was wrong. i thought it was going to be popular right now because the fed might be cutting as it turns out, the stock worked out very well because, you know, we don't have any inventory. 30% of all inventory is new construction you look at dr horton, of course they're doing well because they have homes available to buy. it's not that i don't love it, but i was telling people if you want to roll the dice, do that i would take the profits off the table because it's doing well. if you're up 30, 40, 50%, take the profits on the table

looking to the earnings season to get a sense of where things lie especially on the equities sales at hermes rose 23% on the year that is in the first quarter well above the market expectation. the brand behind the famous birken handbag has seen higher demand in china and in europe. the group reporting higher store traffic in the u.s other rivals like lvmh struggled to maintain momentum 1%, frank. >> arabile, sticking with luxury we saw a chaotic scene in paris and protesters stormed the headquarters of lvmh can you take us through what happened >> this is all in a fight against president emmanuel macron's pension reform where he would like to increase the retirement age from 62 to 64 having done so already with parliament and continued fights on the streets and protests laid out. trade unions say if you like to gain more money when he it comes to pensions, you should be taking it from the rich. lvmh owned by the richest man in the world. they are saying that is where the money should come from the french high court is set to deliver the statement today on the reform plans the proposed law w

is a bellwether for the sector now investors are pricing in more robust rebound in the china mark hermes up 3.3% richmont up 4% lvmh is leading the pack the strongest performer in the stoxx 600 this morning. >>> shifting from luxury to the macro. we have a shift on interest rates with the fed and european fed. the ecb policymakers are looking to a 25 point hike in may. the smaller rate increase would follow six consecutive rate increases by the ecb meanwhile, we did get data from germany. f inflation eased to the lowest level in seven months. as food prices surge by more than a fifth in terms of the market from the interest rate perspective, yeste yesterday, the ecb governor and hawk on the council said the ecb should hike by another 50 points in may markets are pricing in another 50 basis points by the ecb by june that is significantly more than what is priced in for the fed. that difference is playing a role in how markets are trading. here is a picture of european yields you have the tgermany 10-year trading at 2.4%. we are continuing higher yet again. >>> in terms of currency markets

we saw lvmh and hermes last week that was quite good.real, heineken, both had big asian businesses, and last but not least, in industrials, do not forget we have the swedes coming, so you have sandvik and volvo. again, china being important. francine: you mentioned the tech bounceback and this is after huge layoffs into space, so we watch out for europe, but it is also the pattern of reopening in china that could be surprising. tim: there are a couple of things that play through. one is simply how much is the consumer willing to spend. it is a high end thing with luxury goods and they are coming back to travel a bit, or is it more broad-based, which could be interesting to see with the likes of heineken or l'oreal and others in asia where we will get news on that front. and doesn't broaden out from the standpoint of industrial -- does it broaden out from the standpoint of industrial, which is what we are looking at with the swedish companies? that is what we are looking at with a struggle in china and their property market, which all of

it has not met the midterm targets for 2025 >>> meanwhile n the luxury space, sales at hermes rose 28%the first quarter well above market expectation. the brand behind the birken handbag has seen demand in china. they have more traffic in the u.s. where other rivals struggle to maintain momentum. >>> demfrench demonstrators tooo the streets to protest against the french government pension reform program the constitutional court is expected to deliver the verdict today on whether emmanuel macron acted constitutionally in bypassing parliament the footage you are watching shows crowds heading into the offices of lvmh and the boss opponents have called on the government to impose higher taxes on the rich rather than force the public to work to the age of 64. >>> german foreign minister has started a two-day state visit to china. warning a change in taiwan status is unacceptable this comes days after french president macron received criticism for saying europe should not follow the u.s. agenda on the issue. the dutch finance minister spoke to joumanna at the spring meeting in washington, d.

you mentioned china as a bright spot luxury earnings were blowout with lvmh and hermes were brokbr blownoutn china. >> back to the first question, there are parts of the developed world that will benefit. export companies to europe were beneficiaries of that. we are not saying this is about being active and thoughtful of position, but aggregate, we start to see some cause for concern. >> how are you feeling about fixed income here? i feel the investment community caught themselves a month ago and they now feel the turbulence of march is this a buying point >> i think so. the market is over its ski tips. i think the magnitude of the adjustmentm went too far. you announced that give back and now core fixed income rates are looking attractive again. >> do you not worry about potentially rising default rates? we talk about the possibility of the hard landing or recession >> if that happens, it will happen >> we are not saying that is a hard landing we are saying a risk of recession. we are not talking about a deep or protracted recession. we are talking short and shallow. you could see increase

kering, again, comparing it to lvmh and hermes rose respect t respectively in a way it's good news andews gucci is up 1% this time around. i think they're thinking maybe we're starting to see a slight transition in gucci and they are getting benefit of the doubt as you said third quarter have named a new creative director for gucci who will join next month as the company presents its new collection in september. so they know the company is on top. they have presented a plan for the group and for this company they're going to focus on their legacy brand to bring in a premium as well. gucci kind of fell in that trap of it was everywhere it diduck tate a lot of fashion as well. here we know they are through the transition so they're getting the year transition. it's kind of a wait and see. you look at the other key brand that's been building up because of the overrelioverreliance looking at the regions, they have looked at the reopening of china, up 10% in asia. one issue as you mentioned was in the u.s., down 18%. others talk about the slight slowdown in that region. they haven't seen it

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. >> because of the decoupling >> then i heard that china -- but they're buying a lot of hermes they'reorse than we are. their palm beach is bigger >> class differences >> here's what's so strange about china. lvmh and hermes have unbelievable numbers and yet there are other people who say in china, the property section is doing better. but the belt and road, they're getting killed on >> bad loans >> when you go to milan, it says, "welcome to milan, belt and road," and you realize, it's china. chinese are welcome in milan i want to be welcomed by, i don't know, da vinci da vinci should be more of a belt right? >> sure. >> "last supper. >> da vinkci is good sofia lauren would be nice to say hi >> how about him not bad. i didn't know you knew pop culture. >> every so often. i rely on him mostly >>> take a look at the premarket. we did get stories on the tape saying elon musk on this starship launch, the pressure valve appears to be frozen, so unless that begins to work very soon, there will be no launch today. >> oh no >> i'm just hearing from somebody at the launch site that it may be sc

and in one of the letters we read, rangers were, you know, you think all herm was a second story man for the jewish back in new york city before the war you know, and one of our favorites, sergeant elrod petty, a georgia boy from loblolly in the south, the red dirt and. elrod was a staff sergeant company of baker man browning automatic rifle became the heart soul of fox company, but not before the battalion commander, big jim rutter, wanted him out. you see, elrod grew up tough. he had a tough life. he had a battered childhood. he always getting into street fights, even played a year of football at the university of georgia before dropping and enlisting. and he had no front teeth, top or bottom and rudder every he saw this toothless guy. he he just didn't he didn't. didn't look like a squared away united states ranger too big jim rutter. so finally rutter him in and said i'm sorry, sergeant but and he was going to transfer him out and rod pled his case. the rangers had become my family. i didn't have a family. and rutter's thinking, thinking. and finally, what convinced them to let e

>> dana: terrible activity and when i first left the white house i thought hermes was pronounced different. i didn't know about it. now i know. police naming top music representative as a person of interest in the death of a woman in florida saying the woman, a musician, was found in the bathtub of david volno's luxury hotel room march 30th. >> david is a los angeles-based business manager representing artists, entertainers, actors and professional athletes. some of his biggest names include justin bieber, drake and post malone. the daily mail reports reveals a woman found dead in the bathtub of his miami beach hotel room was an aspiring musician he was hoping to sign. he told daily mail exclusively last night the loss of the 34-year-old is a terrible tragedy that he really liked her and that he had been helping her make music before she died. despite a police report naming him as a person of interest, the 46-year-old claims i wasn't there when she died. a live look at the hotel in miami beach where it happened on march 30th. according to the daily mail hotel surveillance video shows he le

joining me is federated hermes chief equity market strategist, phil orlando. it's good to see you.expecting from the jobs data? how do you see the economy playing out. >> consensus at 240, we're well below that, coming in 175 or so. look at the four data points that lead into the nonfarm payroll number, you mentioned adp, much weaker than expected. the jolts number on wednesday was below 10 million, weakest number in jolts in two years. the challenger job layoff number we'll get that today, they that number's been very weak. claims have been relatively strong but sort of starting to edge up. so we think this is starting to manifest itself in the labor market. labor market will we believe continue to slow over the course of the year. maria: cheryl's going to have those numbers in a couple hours. jump in here, cheryl. fannie mae's economic outlook report predicts the recent banking crisis so add to the weakness and go to a recession. here's the quote from them. we now project a moteddest re-- modest recession to begin in the second half of 2023 while uncertainty has risen following t

i play hermes, messenger to the gods, in the tony award-winning for best musical broadway show "hadestownrprised that it took 7 decades for me to arrive at this particular zenith in my career. this simply means there are many more golden steps

backdrop speaking of which, lvmh is the first european company to top the $ 500 billion market cap and hermes is the same as berkshire, but which makes the better vibe. carter worth tells us which one ahead and first we start with today's markets and at least the nasdaq has some action >> there's action and it's very much a holding pattern ahead of a very busy week of earnings and kelly, i knowyou'll delve into that story in the course of this hour, but we've got about a third of the s&p 500 reporting results throughout the course of this week, and that's maybe one of the reasons why you're seeing a little bit less movement in the broader s&p 500 which is down five points right now about 0.1% 41.28 4128 is the trade and in the middle of the range so far today. the dow industrials just about flat on the session, 33812 and real activity comparatively speaking and the nasdaq composite 11,99737 one of the four reasons why four related names mega-cap wise are reporting results. as i noted, it is amazon, meta platforms and alphabet, the parent company of google and microsoft. if you're seeing those

um, excuse me, this hermes bag is spelled with a 'p' like herpes [ light laughter ] it's pronounced herpeze choice of words when he says, "no honest person can deny that. so, since it's now been proven that you are not an honest person, does that mean you can deny that? and if you deny that does that mean denying it is a lie? and if denying it is a lie, does that mean you would deny it because you're a proven liar which would then mean, that denying it is actually the truth? deciphering this bull [ bleep ] is like staring at an mc escher painting, which incidentally is what tucker carlson always looks like he's doing. [ light laughter ] tucker's cherry-picked footage from january 6th was such transparent nonsense that even republican leadership called it out. various gop senators called it dangerous and disgusting and a lie. and one even went so far as to call tucker's report bull [ bleep ]. and i have to say even if you didn't know any of that. just watching what he aired is embarrassing enough on its own for example, tucker tried to claim the infamous footage of missouri senator josh haw

autistic people, that there will— risk employing autistic people, that there will be a problem in hermeting huge benefits from different ways of thinking, different ways of working , and a real a true, of working, and a real a true, diverse motty when it comes to the talents that autistic people have. and i want to spread that best practise. i want it to be shared and become universal. so that we can deal with what is a problem of so—called economic inactivity . motty for hundreds inactivity. motty for hundreds of thousands of people in our country and that's the aim of this review and final question on this. when do you hope the wit— on this. when do you hope the review will be _ i“ when do you hope the review will be completed by? weil— review will be completed by? heh. .— review will be completed by? heh. h hep-h— review will be completed by? well, i don't want to mess about i well, i don't want to mess about h wept— well, i don't want to mess about h wept he— well, i don't want to mess about h wept he get— well, i don't want to mess about h wehh he peh eh— well, i don't want to mess

call 800 for nine seventyny herm creditrepair.com, y one or go to try relaxium .com act. >> now tonyhere fromsolute credit repair .com helping people see the true costly of bd credit . what are you doing to improveepi your credit? cr be been doing somethings absolutely. unless you iinterest like unless you iinterest like paying thousands of extra and high interest rates. and high interest rates. did yo u know repairing your credit could save youmake i thousands of dollars in lower interest rates? interest rates? >>t my credit? >> of course you can. even if you have a good score, repairing your credit can make it better. start working to improve your credit, get started at credit repair, .com do ukrainian prime minister on "special report". he details the classifie- five o one four three now or visit us at misophonia. >> com. my concern is growing tonight i over the status of california democratic senator dianne feinstein. >> she'd been absent from the senate for several weekse fr while battling a case of e bashingles. one democratic lawmaker is calling for her to resign. r here now w

i still earn earnings -- hermes bank -- the same reason i sold lvmh.l first is to make an acquisition good to shareholders. >> interesting. you think it may be in the market for something big? >> it is the 10th biggest tent spinning in the world. the business model is growing not just organically but the acquisition. if your company is trading at 20 times earnings, acquisition is not far off. jonathan: patrick armstrong of plurimi. an interesting final thought. lisa a: do you think it is a tiffany tie up? what other luxury players are out there? lululemon? jonathan: i am not sure they quite cry it. [laughter] lisa a: that is the issue. where you decide what to go for where it is not some brand solution. it is interesting. jonathan: what do i know? lisa a: brunello? jonathan: christians deal? brunello, i love. lisa a: you are genuinely offended. but he was also saying with this idea of understanding when something is overvalued at a time when people are hiding in what they perceived to be safe is an interesting one. what is a safe defensive? jonathan: h

i don’t even know, you all live in this small town, yes, in bashkortostan well, hermes is another amazingct, but singing a choral one. what is singing? that is, in fact, we act on the muscles in the upper respiratory tract, so it is strong, so the people who sing it turned out that they almost do not snore. look at this man who lies and sleeps and the person who sings he calmly 10 at night the fabric is not flabby nothing happens if the person does not train does not sing what happens. well he snores has shown that singing reduces the frequency of snoring in people. i want to say that before, you know, in our country there was a culture of singing at the table, that is , always when people gathered at the table. they chorus before, and then somehow it's gone and going. we stopped singing. we have stopped. we have all stopped. thank you very much. thank you very much. thank you for turning. we were with you well, the desert will live great. good morning. this is an information channel on the first program time will show we are working live ruslan ostashko olesya loseva vladimir putin visit

it's hermes, louis vuitton. >> the old china, the five-year plan and produced a lot of bad steel. >>y're putting up a lot of coal plants, still doing that. >> and just pollute earth. that's okay because they sell a lot of -- >> how about lulu. we had calvin on the other day. >> mirror, mirror off the wall the stock went up when they announced the mirror accusation and now it goes down -- they haven't announced it lulu, calvin did say there were issues he did not say it was doing perfectly, but i think lulu is such a great stock here. >> should we explain what we're talking about, carl? >> during the quarter, they had some metrics that looked at additional merch that they sold because you have a mirror client he said it was a creative in a sense. >> what happens is they have subscriptions. when you look at peloton, peloton is doing better than lulu at the hardware and subscription model i think pell tron is interesting. barry was one of the first to tell me that mirror was not selling well i think that the mirror -- people like to have their own -- they want it on their little device

why are we herme— calling women, women? why are we hetme eresete— calling women, women?et— scotland are starting to realise how-their country- scotland are starting to realise how their country has become how mad their country has become wmter—the— how mad their country has become wmter—the er— how mad their country has become under—the or under. under the aegis of the or under the-governance- under the aegis of the or under the-governance of- under the aegis of the or under the governance of the the mad governance of the snp. amt— the mad governance of the snp. amt-eet— the mad governance of the snp. amt-eet ht— the mad governance of the snp. amt-eet rtt et— the mad governance of the snp. and get rid of them next and they get rid of them next ttme—semmet- and they get rid of them next time _cannot be i time because this cannot be ettewet— time because this cannot be allowed continue allowed to continue this ehsetwte— allowed to continue this absolute-of- allowed to continue this absolute of truth allowed to continue this absolute _of truth bad absolute denial of truth i

— balance, did more good than. herm—ihimg harm, which was a bizarre thing to harm, which was a bizarrebraced the new ideology of the em.— embraced the new ideology of the hem. iheie-e— embraced the new ideology of the left, there's kind— embraced the new ideology of the left, there's kind hierarchy. left, there's kind of hierarchy. she— left, there's kind of hierarchy. she-wee— left, there's kind of hierarchy. she was desperate to she she she was desperate to mete— she she she was desperate to mete-hom— she she she was desperate to make-point that- she she she was desperate to make point that these people make the point that these people hewem-i—guiie- make the point that these people haven't—quite the- haven't suffered in quite the eeme-iheee- haven't suffered in quite the- same _these-people, same way as these other people, heeuee— same way as these other people, heeeuee—ihie- same way as these other people, because _this thisi because obsessed with this this hiereeehy— because obsessed with this this hierarchy,_what?- hierarchy, like, guess what? sieweiy— hierarchy, like, guess what

and it was easier to he he herme— priority. and it was easier to do in terms of— priority.rrhhg rhere — a while to ramp up. we're getting there now. that advanced party— getting there now. that advanced earhy he— getting there now. that advanced earhy he rhere— getting there now. that advanced earhy he here he— getting there now. that advanced party is there to secure the ahrhaee— party is there to secure the airbase along— party is there to secure the airbase along with militaries hooh— airbase along with militaries from oerrhahy— airbase along with militaries from germany and other countries . ahe— from germany and other countries . who we— from germany and other countries . who we exheor— from germany and other countries . and we expect probably the her— . and we expect probably the her or— . and we expect probably the first of those _ . and we expect probably the first of those evacuation rhhghre— first of those evacuation rxhghre re — first of those evacuation flights to come out, if not rarer— flights to come out, if not later tonight, _ flights to come out, if not la

jon: rj gallo a federated hermes. the word idiosyncratic enough, maybe it is not is -- idiosyncratic. on the regional banks coming next, we are looking forward to our conversation. equity future down 7/10 of 1%. >> keeping you up-to-date with news from around the world, i am lisa matteo. protesters angry over french reforms stormed the entrance hall of euronexy. --euronext. anger over president macron's decision to raise the pension age remain strong. it would have been enough to stave off a u.s. pavement 2 -- the march 2020 four. it will raise the u.s. debt may limit for a year and cut spending on $130 billion. it has tax breaks for cleaning energy projects. european union lawmakers have okayed the first rule to govern the crypto industry. it will come into effect over the next two years. they are being welcomed by crypto executives who like the eu approach better than the u.s. tactic. critics say the will are outdated before they even take effect. spacex hopes to launch their next-generation starship rocket today. a

this was a line used by he herme— criminals.y we should be pulling toglvoter don't forget, we've a society we should be pulling toglvoter id)n't forget, we've a society we should be pulling toglvoter id being'get, we've a society we should be pulling toglvoter id being introduced as got voter id being introduced as were— got voter id being introduced as well—elections- got voter id being introduced as well—elections in. well for the next elections in hew. — well for the next elections in hew. -rher— well for the next elections in may-that going- well for the next elections in may. that going to work? may. how is that going to work? eheee-e— may. how is that going to work? rhere-e eerh— may. how is that going to work? there's still either— may. how is that going to work? there's still either sides are peehme— there's still either sides are peehmo h.— there's still either sides are pushing it. labour is the eeereher— pushing it. labour is the socialist side— pushing it. labour is the socialist side are saying, no, we-heee— sociali

is legal still to hit your child— in england it is legal still to hit your child with the defence hermeined heehte wtt— growing up. usually disciplined heehte wttt eey— growing up. usually disciplined people will say, and knowing boundaries. _ people will say, and knowing boundaries. and— people will say, and knowing boundaries. t: people will say, and knowing boundaries. ' t: g boundaries. and also, i guess it's what you do when you do a strike. iwas just it's what you do when you do a strike. i was just going to say . wemtet— strike. i was just going to say . wemtet te— strike. i was just going to say , wanted to separate- i was just going to say , wanted to separate out a slap thet— , wanted to separate out a slap thet eeye— , wanted to separate out a slap thet eeye eem-t— , wanted to separate out a slap that says don't do— , wanted to separate out a slap that says don't do that, which is never, ever— that says don't do that, which is never, ever necessary. :�* is never, ever necessary. when my— is never, ever necessary. when amy we— is never, ever necessary. when amy was reasonable,

—herm- that lasts up until you're about 27.—hemtlattl 27. beyond that point, it all gets— 27.ck to britain and old. englandiyeah.-you-the england. yeah. and you know, the hec— england. yeah. and you know, the the re— england. yeah. and you know, the the he met— england. yeah. and you know, the me he met gehg— england. yeah. and you know, the bbc is not going to— england. yeah. and you know, the bbc is not going to pay him very much— bbc is not going to pay him very mach-hay— bbc is not going to pay him very much-gary lineker- bbc is not going to pay him very much gary lineker is much money if gary lineker is the mhe— much money if gary lineker is the number one— much money if gary lineker is the number one and he's the number one guy and he's hehg— the number one guy and he's hehg-eme- the number one guy and he's being-one point- being paid 1.6, one point eemethhg— being paid 1.6, one point something million pounds in amertea— something million pounds in hmertea he— something million pounds in america, he was— something million pounds in america, he was . making 6 america, he

eamonn what do you think this will have done in herme— think this will have done in here or— think thisble to oomphahh— think anyone will be able to complain about— think anyone will be able to complain about this speech referehehha— complain about this speech referencing his— complain about this speech referencing his british heritage as referencing his british heritage ae peheahopy— referencing his british heritage as genealogy down the centuries is as genealogy down the centuries he very— as genealogy down the centuries is very significant— as genealogy down the centuries is very significant .— as genealogy down the centuries is very significant . building up is very significant. building up the contribution— is very significant. building up the contribution of protestants who— the contribution of protestants who reth— the contribution of protestants who left here— the contribution of protestants who left here several hundred yeare— who left here several hundred yeare ago— who left here several hundred yeare ago .— who left here several hundred years ago , three,— who left here sever

some of them may genuinely tuet wert-herm- se._ an unregulated website, they actually even then are quite tttetw— actually even then are quite tttetw to— actually even then are quite tttetw to te— actually even then are quite likely to be able to tell how ott— likely to be able to tell how ott wou— likely to be able to tell how ott wou — likely to be able to tell how ott wou r— likely to be able to tell how old you are. i mean, they're not tte— old you are. i mean, they're not he rot— old you are. i mean, they're not it's not complete— old you are. i mean, they're not it's not complete wild west, thew-re— they're just not regulated by by they're just not regulated by by the-commission- they're just not regulated by by the-commission .- they're just not regulated by by the commission . and so the gambling commission. and so wher—etout- the gambling commission. and so when about underage when people talk about underage aemttere— when people talk about underage gamblers,-previous- gamblers, like your previous aueet— gamblers, like yo

he's getting right he herme— flo. come on. he's getting right he herrhe eh— flo. come on.wehh hhe— mason was stepping in as the well the tottenham fired the hherhrh — well the tottenham fired the interim manager last week which is interim manager last week which he whheh— interim manager last week which he whhehlhrehhw— interim manager last week which is which pretty pretty rare . is which is pretty pretty rare. they— is which is pretty pretty rare. hhew reeh— is which is pretty pretty rare. they heeh ehe— is which is pretty pretty rare. they lost six one— is which is pretty pretty rare. they lost six one at newcastle of course last— they lost six one at newcastle of course last sunday they were s—e— of course last sunday they were s—o eewh— of course last sunday they were s—o eewh-zh— of course last sunday they were 5—0 down 21 minutes. 5—0 down inside 21 minutes. weeewe— 5—0 down inside 21 minutes.- weeewe—hhe massive disconnect between the ehue— massive disconnect between the chub-hhe— massive disconnect between the ehuh-hhe hehe— massive disconnect between the club-the

in a female prison, bakhmut humza— behind bars in a female prison, bakhmut humza yousaf says gender hermes all going eh her— police corruption probe is all going eh her hh— police corruption probe is all going on for it, but it hasn't put— going on for it, but it hasn't ewh ehh— going on for it, but it hasn't ewh ehh ew— going on for it, but it hasn't put off new leader humza yousaf hewhe— put off new leader humza yousaf hewhe hrem — put off new leader humza yousaf louis from continuing the toxic hhe— louis from continuing the toxic row over its sick— louis from continuing the toxic row over its sick gender recognition— row over its sick gender recognition bill. scotland's hhreh— recognition bill. scotland's first minister— recognition bill. scotland's first minister announced today he— first minister announced today hheh he-hh— first minister announced today that he'll start— first minister announced today that he'll start a— first minister announced today that he'll start a legal battle whhh— that he'll start a legal battle whhh hhe— that he'll start a legal battle whhh hhe wh— that he'