this is bloomberg. ♪ emily: ten years ago, julie wainwright founded her start up from her kitchen table later the realreal is a public come to with millions of shoppers and 16 retail locations. we welcome julie now, the founder and ceo of the realreal, on ten years. congratulations. i remember the stories about the u-haul. now that we are here, does it surprise you how far this company has come, and how much it has evolved? what do you see as its biggest accomplishment? julie: i didn't expect us to change the culture, to be a leading influencer on sustainability, to be a leader and a driver of the economy. when you think about creating a business and having this other compounding impact, that is actually something i did not plan out and it is something i, the whole company is product. emily: i shop on the realreal. i love the things there that were left by someone else or they may be one-of-a-kind. but there is also this ride of fast fashion, happening at the same time the circular economy is becoming more compelling. how do you think that is shaking out? julie: our data shows that our

coming up, julie wainwright. this is bloomberg. years ago today britain voted to leave the european union. u.k. assets are still trying to recover from the impact. the bloomberg opinion piece, bloomberg's editor-in-chief emiritus wrote whatever strength written musters will be pleading because the economy is already a shadow of its much by yourself before brexit was to -- a bit -- a shadow of its once mighty self. the u.k. is still divided on brexit the same one when the vote was held. i read your piece. it is clear you take a glass half-empty view. walk us through why. has anything changed in your mind as a result of what happened on that day? matthew: on that day it was a shock and we know it was a shock because the pound had a record decline, which was a market saying to the world we did not anticipate this. that is how surprising it was. sterling has never recovered since that june 23 thursday in 2016. it remains the weakest of the group of eight currencies, of the major currencies since then. it is not just sterling. you have

coming up, julie wainwright, the realreal chairman and ceo.♪ guy: live from london, i'm guy johnson alix steel is over in new york. this is "bloomberg markets." i was talking to dave calhoun yesterday of boeing. we need to get people very much back on airplanes. another person that i expect will be echoing that sentiment is the ceo of southwest, announcing that he is going to step down next year. he's been running southwest for more than 17 years. a lot of european carriers see him as the model, really. the vp of corporate services set to replace him. for more on this transition, brooke sutherland joining us now. was this expected? what does it mean? brooke: i don't think it was expected, but this is going to be a very orderly transition. gary kelly is going to step down next february, so was got a few more months of him in the top job, and then he is planning to remain executive chairman through at least 2026. that is ample time for wall street to get comfortable with this transition. i think this should also be a lot less jarring than if the