the world's second richest man, the owner of luxury brands like tiffany's and louis vuitton is now under scrutiny for financial dealings with a russian oligarch. melissa bell is "outfront." >> reporter: the world's second richest man is no stranger to red carpets. his name synonymous with luxury and good taste. >> luxury, for me, is how can you create desire. >> reporter: from christian dink or to louis vuitton to tiffany's, he knows it includes also vineyards, restaurants, and hotels, including the blanc hotel. now, at the heart of far less tasteful allegations centered on transactions between the french billionaire and russian oligarch nikolai sarkisov who's reported to be worth roughly $850 million, which makes him one of the richest people in russia. he's the co-founder of a russian insurance company but not subject to european sanctions. the story was first reported by the french, citing a memo allegedly drafted by the french agency responsible for combating money laundering. at the heart of the preliminary investigation, 14 properties bought by him and, alone, allegedly made by, ac

people were talking about it all, louis vuitton.y this cost 28 grand. >> also, rihanna, you can always just call him the joker. >> okay. that is the easy way out. >> easy cop out there. meanwhile, in the bay area, chris paul's first game with steph curry and the warriors also did not end in a dub for the dubs. the phenix suns held off a comeback, winning a nail biter 108 to 104. the nba has never been more back. >> i miss basketball. who are you? >> a fan of? >> i'm a genie. are you a heat fan? i'm a 70 sixers fan, actually. i i'm a brooklyn nets fan. >> okay. so we kind of spread out. i like that. >> that's good. my phone background is my wife and a joel embiid jersey the sixers best player and finally to a sailing event without boats kayakers in belgium hollowed out yes giant pumpkins for the big race in the town of kasterlee whose nickname is pumpkin town. >> some of those pumpkins, by the way, weighed more than 2,200 pounds, as they say. >> go big or gourd home or gourd pumpkin to talk about. i don't know, kayak, pumpkin ♪ ♪ >>

. >> reporter: but the louis vuitton store is being boarded up after 15 suspects broke in, crashing an for access. officers quickly arrived after getting 911 calls but the group sped away in multiple cars. it was just two years ago across the street a flash mob style robbery took place inside of a nordstrom, the city adding retractable barriers to prevent cars from entering, in july they came down. tonight they're back up. >> we didn't have a heads up. >> reporter: walnut creek pd says the barriers can go up for planned events or if they receive intelligence about potential crimes. this after rejected grant money for retail theft prevention, only granting a third of the agencies in the category and walnut creek didn't make the cut. >> we still have resources to devote because it's still an issue. >> reporter: for shoppers who viewed the plaza as safe, they're having second thoughts. >> doesn't matter it's walnut creek anymore. >> come as a break from san francisco, now it's happening here, i don't know where else to go. >> reporter: police say it appears to be organized retail theft an

. >> the incident comes just two weeks after police stopped and attempted burglary at the louis vuitton, which involved 15 suspects. a statement about these recent crimes, silverton, i have lived in the creek for decades, the high-level public safety is one of the many reasons people are attracted to live here. but residents and visitors should know that we have holiday shopping, dining and special event right around the corner, the police department is going to devote even more resources to keeping people safe , regarding this specific incident that happened wednesday night, the most important take away is that no one was hurt. the most recent steps from walnut creek 2022 annual police report shows overall crime dropping in the city. however, there was a slight uptick in violent crimes per month. an average of 10 to 14. and as we search for the suspect of this latest incident, shoppers are calling it unfortunate but feel the problem goes beyond walnut creek. >> is everywhere, do you know what i mean, that is the real sad part about it that it is escalating everywhere. >> nbc bay area n

musk, ese lugar ahora es del francÉs bernard, dueÑo de un grupo que concentra marcas de lujo como louis vuittonÓn estados unidos. iniciÓ la semana nÚmero 2 de la competencia mÁs feroz del planeta. >> dale, dale, dale. >> se llevaron a cabo dos batallas, la primera por la villa exatlÓn y para definir a los capitanes de ambos equipos. el equipo azul se llevÓ

new at 730 tonight, walnut creek police say officers interrupted a burglary in progress at the louis vuitton and happened just before 430 this morning at the store there on broadway plaza. police say officers were on the scene within just one minute of getting that call and saw roughly two dozen suspects attempting to burglarize the store. the suspects used a stolen land rover to crash through the front window to gain access. the suspects fled in four different cars. it's unclear how much merchandise was stolen. the fbi in san francisco tonight is warning of a new scheme targeting bay area residents and others across the nation. it's called the phantom hacker scam. the fbi says the new twist is there's now a group of scammers in the scheme working together and playing several cast of characters. this group of criminals contacts older adults, either through text or email, to deceive them into thinking that foreign hackers have infiltrate their financial accounts. some victims have reportedly lost their entire life savings to the scammers. we are seeing higher losses. unfortunately, these peop

walnut creek police say officers interrupted a burglary in progress at a louis vuitton store after thieves used their car to try to break in. it happened just before 430 this morning. police say officers were on the scene within one minute of getting the call and saw roughly two dozen suspects attempting to burglarize that store. the suspects used a stolen land rover to crash through the front window to gain access. sky fox was over that location at broadway plaza earlier today. you can see crews there repairing the window. the suspects then fled in four different cars. it is unclear how much merchandise was stolen. new at 11, president biden announced the manufacturers of all ten prescription drugs selected for medicare's first price negotiate options have agreed to participate. the drugs include the blood thinner. eliquis and the diabetes treatment jardiance. both are prescribed to millions of people, and co-pays can cost hundreds of dollars. the announcement means negotiation talks will now begin. it's not known yet how much prices will drop. the negotiated prices for the first ten drug

will be at the forefront of consumer's minds, so that when they do spend again, they will go for louis vuitton or dior. alix: do you feel like lvmh has gotten the right medicine for what ails it from china or is this overhang still there? >> i think when china comes back, lvmh will be one of the winners. hermes as well. these strong brands with the strong names who can invest. citing that, you have burberry, always strong in china. they have a new designer. that will be an interesting play. gucci coming back. i think lvmh is well-positioned. alix: we appreciate it as we work our way through it. thank you so much. i guess the question for you, guy, will you buy an iphone before you buy a new pair of jeans? guy: probably more likely that i buy a pair of jeans. very different kind of decisions. buying a pair of jeans, that is a reasonably ubiquitous item. iphone is a huge decision. i do think, to your point about not comparing apples to apples in china, an lvmh handbag is likely to remain. what happened with apple in china, a much more interesting geopolitical question. that has yet to fully ripp

week has ended in france. one of the most striking collections was presented by the fashion house louis vuittonerything that is associated with them, and also the seventies and eighties, which the fashion designer loves so much, in the trend is short double-breasted coats, leather jackets, bomber jackets, trousers with suspenders, flowing skirts in a full miniskirt , massive belts, ski goggles and bags, cameras stood out among the accessories, the collection was demonstrated in the new building of the brand, a bright orange space, reminiscent of... the balloon was also designed by the american artist james chinland, and the show was attended by famous actresses, cate blanchen, zendaya , alicia vikkander, lily gladstone, leo seido, anna de armos, paul bettoni, jennifer conelli, you know, a huge number of big names, and i’ll tell you that if i had the chance, i would take this entire line for myself, but it seems to me that this is a dubious story, inviting stars to the show, because all the attention from the collection is ultimately drawn to these stars. why do i want to argue, i want to argue

those are nothing compared to the big charges i've got at gucci and louis vuitton!he way, are also my names. >> stephen: no, they're not. so you admit that you misused your campaign funds for personal goods? >> lies, stephen! i would never use my campaign funds. that's what my donors' credit cards are for! see? i got a visa. see? i got a mastercard. ooh, a panera gift card! ooh, i'm making it rain bread bowls up in this bitch! [cackling] >> stephen: congressman, congressman, all of that is illegal! >> uh-oh. am i in twouble? are you gonna throw me in jail? >> stephen: no, but they might. you've lied to the fec. >> the f-me-whatnow? no, never heard of her. and i don't speak english. >> stephen: congressman, is there anything you won't lie about? you even made up a story about your missing niece? >> that was no lie! i remember it like it was yesterday. she was kidnapped by the chinese communists. then everything faded to black. and someone said "in the criminal justice system, the people are represented by two separate yet equally important groups," dun-dun. produced

that's the biggest division including louis vuitton.ad some brands doing better than others. -14% in the spirits division that is much worse than estimates. people drinking less champagne. small growth in the jewelry division as well. doing slightly better than tiffany which is more exposed to the u.s. consumer. one bright spot was the regional division. we have strong strength at sephora. the cfo last night in the call actually said that we are now more in line with the historical levels and we are reaching some kind of normalization after three years of really high expectations for the stocks. kriti: it's fascinating. so many people looking at this luxury boom and likening it to the big tech rally we are seeing in the united states. this will be the european version of it. perhaps no more. thank you for your personal analysis this morning. letting more ahead. stick with us. this. ♪ -- this is bloomberg. ♪ kriti: welcome back today break europe. the israel hamas war enters its fifth day with a combined death toll approaching 2000 peopl

boarded up after a large-scale organized smash-and-grab that happened early yesterday morning at the louis vuittonoke in after someone crashed an suv through the doors. officers arrived when the robbery was still in progress, but police say the group sped away in multiple cars. it follows a recent denied application for grant money to combat retail theft. >> it is disappointing when you don't receive the extra funding, however we still have resources to devote to this issue, because it is still an issue in walnut creek. >> you may recall two years ago on an even larger scale, nordstrom was flash mob robbed that led to retractible barriers to try to prevent cars from entering the area. they recently came down, but now the city has already put them back in place again. >>> the white house is urging republicans to pick a new speaker of the house as soon as possible. >> scott mcgrew, that won't happen until at least next wednesday. >> that's right. that's the schedule we've been given. candidates will speak to the house on tuesday and then there will be voting on wednesday. this, of course, after ultr

boarded up after a large-scale organized smash-and-grab that happened early yesterday morning at the louis vuittonn roadway plaza. police say more than a dozen people broke in, after someone crashed an suv through the doors. officers arrived to the robbery still in progress, but police say the group sped away in multiple cars. it follows a recent denied application for grant money to combat retail theft. >> it's disappointing when you don't see the extra funding. however, we still have resources to devote to this issue, because it is still an issue in walnut creek. >> two years ago on an even larger scale, nordstrom flash mob robbery led to retractible barriers to try to prevent cars from entering the area. those recently came down, but the city already has them back in place again. >>> a live look outside across the bay area this morning, and today will, no doubt, be a perfect day for children and their parents to walk, bike, maybe even roll to school today. skateboards, roller skates, whatever it is. today is all about that. today, national day promoting healthier habits. close to 300 schools ha

blocked to traffic after that as it reopened uh- this fall, suspects crashed a car into a new louis vuitton store and stole merchandise. >> so the street is now re barricaded. >> that will be closed throughout the holiday season. in in addition to that we are up staffing considerably for the holiday season to include food. a lot more police officers police say the da is adamant on pressing charges in cases of organized retail thefts in walnut creek. >> i'm leslie brinkley, abc seven news. >> a controversy is surrounding a worldwide conference coming to san francisco next month. the city's plan with the unhoused and the struggle for seniors. finding a job can be tough. it can be even more difficult if you have disabilities. the program stepping in and helping out. and the giants are set to name a new manager who we've learned it will be. >> i'm larry beale, live at chase center, getting set for the warriors season opener tonight against the phenix suns. it is the return of the slim reaper for kevin durant in the house. tonight, we'll hear from kd about his return to the bay coming up. >> i'm

was blocked to traffic after that as it reopened this fall, suspects crashed a car into a new louis vuitton store and stole merchandise. so the street is now re barricade added that will be closed throughout the holiday season in in addition to that we are up staffing considerably for the holiday season to include a lot more police officers. police say the da is adamant on pressing charges in cases of organized retail thefts in walnut creek. i'm leslie brinkly, abc7 news. >> oakland police are getting ready to launch a pilot program designed to stop car break ins. but you have to help to make it work. you see, the way to report a car break in isn't by calling 911, but by using social media. abc7 news reporter anser hassan has more. >> the oakland police department has videos to show just how fast it is to break into a car and the city has seen a spike in car break-ins this year alone we've had 11,300 locked auto burglaries in the city. >> that's a 36% increase from 2022. >> opd says it's been focused on tackling auto break ins since may. >> we've increased our violence suppression units to

walnut creek police say officers interrupted a burglary in progress at the louis vuitton store after it happened just before 430 yesterday morning. police say officers were on the scene within one minute of getting that call and saw roughly two dozen people attempting to burglarize that store. the suspects used a stolen land rover to crash through the front window to gain access. sky fox is over the location at broadway plaza yesterday, and you can see crews there repairing that window. the suspects fled in four different directions. it's unclear how much merchandise was stolen. oakland police are stepping up efforts to deter vehicle break ins. ctv's krystal bailey has more on the special operation that's already seeing results. we've been hit multiple times. oakland native mary lou martin says she's lost about $18,000 in total stolen cars and broken windows over the years. nothing's ever done about it. our goal is to signify reduce this and get this problem under control so that people could come to the city and feel like they don't have to worry about their car getting broken into.

so like the louis vuitton dish was like a classic. it was like a steak. the vegetarian version, so i don't know what the main what the meat dish was, but it was like a really it was a good meat. i didn't have it right now. yes yeah. like, come on, dig out the pictures. let me. and then i had the veggie jambalaya for. oh, you got the menu. perfect. i knew i was getting ready to talk about this invitation. >> it was a beef tenderloin. >> beef tenderloin? i knew it was some sort of chef mcqueen at. yes. yes. who is a howard university alum. yes. >> all our favorite chefs were there. >> yes, chef. >> so amazing. >> was there wine? because that spencer's thing and champagne? >> yeah, both. i should have been invited. >> cocktails? yes. and this out the morning. all food sounds so good, right? >> yes, it was great. >> we had a time. >> that's awesome. and then jobina, you're hosting the event tonight? >> yeah, tonight at the castle hotel on broadway in oakland. and we are doing. it's called stylish cocktails and conversations. so you'll have chefs and designers

the lvmh deal in their louis vuitton birkenstocks. that is un-american.one say the news. if you tuned in i hope you're is still with us. equity futures unchanged negative by .1%. and then we have jp morgan asset management coming out. pushing ahead to fed payrolls this friday. and then we have had speak this well -- this week as well. we have a lot to get hands around. and i am with you there was a shutdown and risk of potential for the payrolls. all the emphasis we get put on earnings. lisa: it is good when it comes to clarity, but is it going to necessarily create a feeling that the fed will hike rates in november? if they do well they will shift a feel that they may be getting small business owners. jonathan: do you like the birkenstocks? lisa: i like the leather ones. jonathan: the leather ones are nice. tom: what about just sandals? jonathan: that is fine but in new york city absolutely not. bsolutely no chance. lisa: what about nice sandals? jonathan: in the city? absolutely not. lisa: it gets hot and sticky would you do? jonathan: you wear socks wi