charlotte, what about watches at hermes? how is the watch division doing? interesting because when that hasn't been performing as well, it's one that is actually down for the full year. so they saw things turning around in q4. and the executive chair this morning was saying that they're looking at making some investments in that segment. but again, that's the segment that we know has been suffering for other luxury players as well. so it's interesting that they actually highlighted it in their. remember, they have also an agreement with apple to make some of the straps for the apple watch there. so you know there's they try to cater to the tech aspect of it. but yeah it is one that has been struggling more there. but they're making the investments. >> it's interesting when you look across these luxury names, it feels as though so many of these trends are really sector wide, that it's not a question of losing market share to competitors, but rather the aspirational consumer is where the challenge has been. is that the correct read? >> it is. it certainly is

i see that smile over there, coach herm.'m sure. there are two elite quarterbacks, the eagles' jalen hurts, the chiefs' patrick mahomes. who are you most excited to see, and tell us about that big smile you had. >> well, i got to smile because both these organizations deserve to be here, but i'm really looking forward to watching jalen hurts in this big moment of his and the fact that he's been to one super bowl and lost. patrick mahomes is 3-1 in super bowls trying to win three in a row now, first time in history. but jalen hurts will be the key for the eagles. can he play with poise? can he play -- understanding he's going to have to make some big plays doing this -- throwing the football. we know they can run the football, but it's on jalen hurts. can he throw the football? if he can throw the football, the chiefs have -- excuse me. the eagles have an excellent chance to win this football game. so all eyes are on jalen hurts for me. >> whit: so let's also talk about running the football for the eagles there. saquon barkle

and the consumer for hermes.and lender natwest going to promote some interviews that will come out. will release its earnings in a few minutes. the ceo paul thwaite gives his first tv interview since taking the top job. at 9:30 a.m. meanwhile former french prime minister dominique de villepin will join us in later today francine lacqua moderates a panel from the munich conference on the future of u.s.-ukraine security cooperation with president volodymyr zelenskyy. the opening trade is next. this is bloomberg. ♪ p number® smart bed is perfectfor couples the climate360® smart bed is the only bed that cools and warms on each side and all our smart beds adjust the firmness for each of you. let's agree to agree on better sleep. and now, save 50% on the new sleep number® limited edition smart bed. plus, free home delivery and 0% interest for 48 months. shop now. (giggling) you go to sandals to get really, really close, (giggling) to the caribbean. we should do this every morning. sandals valentine's sale is now on. sa

and we also get earnings from hermes. absolutely watch the cpi data next week for more clues as to what the federal reserve should do how strong the economy is and whether we're making any more progress on inflation. r balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. ♪ >> welcome to "bloomberg markets." i'm vonnie quinn. it's been a topsy-turvy day at the market. we got the michigan data which sends stocks lower. and now we've been getting headlines out of a meeting with president donald trump and the japanese prime minister talking about reciprocating tariffs next week from the president. and also lots more headlines including about ni

even hermes calling the outlook in china, quote, complicated for the year ahead.obert frank today. busy morning, of course. although muted movement in the indices. dow's down about 53 money movers dow's down about 53 money movers begins after this. after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" i'm thinking company wide power nap. [ employees snoring ] anything can change the world of work. from hr to payroll, adp designs for the next anything. investors in municipal green bonds. >> before they were even called >> before they were even called green bonds new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job on indeed, it's easier for talented candidates to find it. which makes it easier for you to hire them. visit indeed.com/hire safe and secure jeep grand cherokee melt limitations with our most capable jeep wrangler ever, or battle the elements and win in the jeep gladiator, hurry into the jeep president's day sales event before th

you know, not everybody is an hermes. not everybody can can switch this quick.ut a big chunk of consumers as well that, you know, have turned to eyewear or beauty, but it doesn't make up as much. you know, normally the stepping stone to luxury is buying a bag. well a lot of buyers are not able to do that anymore. so there's a question of where do they go? how much higher do they want to go? higher? the exclusivity, yes. but to what point is always trying to strike that fine balance of being desirable, exclusive, but not completely squeezing out aspirational buyers. and it can be tough to reach that mark. >> and what about china? i mean, china was a key part of why kering has suffered in recent years, the failure of the chinese market to rebound post-covid buyers just didn't come back to carrying the way that it that they had before. how was the chinese market doing, and to what extent does that determine where the stock goes from here? >> so they were saying this morning the management of caring for gucci in particular, that's very exposed to the chinese buyer.

she really to hermes of success, father saw this as the devastating use. both his wife and daughter died in his reading compartment. the job, my wife was killed on my daughter too. i had no idea i did not know. i left prison hoping to hug them, see them and get them. i almost forgot how my daughter looks like. aside from the mental and psychological pain they suffered, physical abuse of 2, dozens of prisoners were taken to hospitals. the palestinian prisoners association says is re, practices amount to systematic torture on the above has to be tortured us massively 6 months of severe torture. who am i sure some people have their arms cut off from the handcuffs. a short little sob. is it done? the conditions was so difficult, it was very cold and i couldn't have blanket. we've only allowed a little suit me, you'll come see me. i spend a 150 days with my hands in hand comes out of a 150 days and my eyes are blindfolded. my eyes still hurt till now. i lost 28 kilograms in prison, has it been? while they catching up and what happened in the communities since t

joining us from federated hermes.he best performer on the dow today on the announcement. it's teaming up with kim kardashian and her shapewear for shapewear firm skims. they're going to create a new line of trading apparel called nike skims. piper sandler comparing this outside the box partnership to nike's bold signing of michael jordan over four decades ago, saying it marks the first time nike has ever teamed up with an outside company to launch a new brand. company to launch a new brand. the shares are up almost (vo) explore the world the viking way from the quiet comfort of elegant small ships with no children and no casinos. we actually have reinvented ocean voyages, designing all-inclusive experiences for the thinking person. viking - voted world's best by both travel + leisure and condé nast traveler. learn more at viking.com. it's a smart move to get a second opinion. you do it when you're looking for a contractor. you definitely do it with medical advice. so why not with your stock market investments? we can

shakes up, earnings, economic data jobless claims coming up 10 minutes from now he we've got federated hermesre, you are watching "mornings with maria" live on "fox business". ♪ ♪ wiles. >>> live pictures of president trump speaking at national prayer breakfast introduced earlier mike johnson there, there is music prayers very special day in washington very important on capitol hill the national prayer breakfast, a note from president we of course will bring comments from him. >> let's take a look at futures this morning, as you can see, we are in the green a little bit of a reversal, nasdaq up 8 1/4 s&p up 13 green across the board so far, volatility bring in federated hems chief investment officer stephen auth great to have you on set how are you feeling about markets that pretty good long term, last night, we've been telling our clients, stay focus on long term picture deregulation productivity enhancements market higher mostly earnings ten year as scott pointed out has to trade lower once through this, worries about inflationary impacts of the president's policies we said many times on th

federated hermes stephen is going to react to all of the economic data take a look at european markets right now as you can see with asia and europe as well we have a couple different stories playing, joining the conversation all morning long today strategic wealth partners ceo mark tepper, former federal prosecutor 19 ice director jonathan fahey posterior lonski partners president lee carter. "mornings with maria" is live right now ♪ ♪ >> it is time for the hot topic of the hour democrats up in arms over elon musk working to win in federal spending that doge, lawmakers holding another rally yesterday slamming the tech billionaire, watch this. >> we will not shut up, we will stand up, we will speak up we will rise up. what is dangerous is people that work for usaid wearing masks to protect themselves from musk, this is a dictatorship in the making. bernard could have apartheid in america anymore. and stop it elected to anything who the hell does elon musk think he is. >> progressive lawmakers expected hold a press conf conference. senate democrats are holding an all-night session that

dow industrial foreigner quarter% 2025 s&p up 2.9% in the nasdaq up 2% so far this year federated hermeso. so good to see you thank you for being here how did one allocate capital in this environment and are you worried we will hear announcement later stopping tariffs on europe. >> good morning thank you for having me back from an asset allocation standpoint we are still constructive longer-term in the equity market you would think were looking at a 7000 s&p by the end of this year but the reality is we think the mag seven has gotten ahead of itself and since the middle of last year we've been playing catch-up train overweighting the large-cap value small caps and international within emerging market and taking a neutral approach to the mag seven names which we think will trend sideways with regard to the tariff situation we have a saying with you on the tariffs we don't think the tariff will be extended all countries and companies across the globe would negative implication on inflation we think is a tactical weapon in order to achieve economic and noneconomic goals over the last couple

. >> good morning thank you for having me we have federated hermes are bullish for this year as you suggestedtrong start to the year when we have 7000 year in target for the s&p 500 which is good and ways to go but we think there should be more volatility as we make our way to the next number of months and as you said we watch washington, d.c. and how they try to put together all the plans that they are suggesting it'll be very interesting headline news to pull things back and what other news do we have the meantime as we wait for the next quarter earnings. maria: fundamentals look good and could be getting better because of policy changes. why are people buying gold so much it is typically a hedge when you're expecting things could turn ugly you were to buy tangible items like gold gold is up seven weeks in a row as investors are watching president trump's tariff plans and hedging their bets, your thoughts on gold. >> you said the word is tariffs and what that might mean for the geopolitical relationship around the world and some of the historical friends and what that might mean for inflati

by the way, you left out one hermes stock moving higher after better than expected sales. i think a lot of people are hoping for one of those birkin bags today especially. giuliana, great to see you as always. thank you. all right. turning back to the u.s. markets, the markets may be. breathing a bit of a sigh of relief after president trump did not immediately impose reciprocal tariffs, helping to push the s&p 500 to just shy of a record high. but many investors, they still have a glass half empty feeling about u.s. stocks. the latest aa survey finds almost half of retail investors they're bearish on the outlook for the markets over the next six months, the highest level since november of 2023. just for context, the historical average is 31%. nearly three out of five investors. they believe that tariffs will slow the economy and raise prices. about a fifth think they'll have a temporary impact, while 12% say tariffs will eventually lead to a stronger economy. joining me now is dan brew, senior partner and cio at palisade capital management. dan good morning. thanks for jo

i think annmarie said it, hermes is not gucci. annmarie: they are in a league of their own. people line up to buy those bags. jonathan: up next on the program, trump taking aim at europe. pres. trump: you think the european union is wonderful? we all of europe, the countries in europe, but european union has been absolutely brutal entree. you know, they are doing something else. european union has been very tough on our countries. jonathan: we will catch up with jeannette lowe of strategas. from new york city this morning, good morning. ♪ ♪ this (♪♪) (♪♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com jonathan: check out the euro. it is on the longest winning run of the year so far. could be day four. euro-dollar, 1.0468. under surveillance, trump taking aim at europe. pres.

public data and peer review and diverse herm work force are the cornerstone. politically driven propaganda massacre aiding as science, it erodes public trust and damages scientific credibility. we must protect the integrity of our federal agencies. the world is watching and restore funding to the research. and it is the research that goes into advanced research and must hold those who undermine scientific integrity accountable. and i yield back to mr. tonko. mr.tonko: thank you for joining us this evening and your work on science, tech and space on the committee and your leadership in fighting for scientific integrity. earlier, mr. speaker, i made mention of ongoing censorship. we are seeing climate-related information targeted in other agencies. not just targeting c.d.c. climate-related information disappearing from nasa to the department ofagriculture. but this isn't just about tweaking web sites. it's a deliberate effort to wipe out essential data that researchers, farmers and communities across the country rely on. we have seen this playbook before. the tr

in fact, sir keir reportedly gave the toast at hermes silk ceremony when he became a qc back in 2009.ouple of days ago, it was reported that this labour government is about to enter into a chat about slavery reparations with caribbean countries, which they have now denied. after all, the man who is now our foreign secretary is on record saying this. >> for people who have worked, paid their taxes, paid their national insurance, and then denied nhs treatment. if you now have cancer, denied your pension, that you have contributed to, told that you are not now able to seek public funds, that you are not able to work in this country. i am afraid as caribbean people, we are not going to forget our history. we don't just want to hear an apology, we want reparation. >> good stuff. so the committee for caribbean reparations is coming to britain, apparently to demand our money. they never even tried it for 14 years under the tories , because the answer the tories, because the answer was a hard no. so why are they so confident that they'll get some money now? well, knock me down with a feather.