lvmh, 3% lower today.gan downgrading to neutral from overweight. 12 month price target has been quite of a run. 42% higher in the last 12 months. it is 6% below its highest of march of 16 when it reached the highest level since 1998. that 12 month target is higher than the 12 month target of the analysts we surveyed on bloomberg. what a run for lvmh. shares down by 3%. jonathan: thank you, mark barton. here with the top story this morning is singapore against a week of national mourning after the death of its founding father, lee kuan yew. she held his post for 31 years and he is credited for guiding the city state from a post to win the most prosperous nations. he was 91 years old for you norway sovereign wealth making plans for the first asian real estate investment. that $870 billion wealth fund counted out 2.2% of its assets in real estate last year and is seeking to build the share and 5%. national front leader le pen casted her ballot for it was former for the president sarkozy's party that won the m

. >>> the president of lvmh's watch division to cut prices due to surge in the swiss franc.ther look at the premarket after the dow climbs that amazing 227 points yesterday, claims in line as well. more "squawk on the street" from post 9 in a moment. baby i know why you♪ >> after walmart and tjx, another retailer jumping on the wage hike band wagon. reports say target plans to boost pay of all of otherwise workers to at least $9 next month. the discount chain agreeing to pay $10 million in a proposed settlement of the class-action lawsuit related to the 2013 data breach. we remember when walmart made this move more workers in the u.s. walmart's got over 1 million. target has under 400,000, but anecdotally, wage inflation is starting to move. >> i agree. i know -- my charitable trust owns the stock -- and i think a lot of people might have believed when they didn't announce when walmart did they wouldn't. i don't now how people could be surprised. i think the stock's a buy. all of these factored in. that day, tjx had a great quarter and announced it and the stock got hammered

the market thought 2.6%. 150 million pounds invested in lvmh. we caught the with the ball gary and ceo will said 2015 has started well -- we caught up with the ball very and -- bulvarian ceo and he said 2015 has started well. it has been solid. they cannot rule out further revisions to the copper production from one of their biggest mining facilities in c hile. those are the three individual names. cars has not joined into this rally. car registrations are up by 7%. renault at 0.08%. autos are the stormers. 38%. the industry group that has led the stoxx 600. european car registrations are up 7%. vw you saw their numbers for the month, up 11% three germany and spain, spain is up 20 per -- 26% in terms already straight. vw saw their registration at 11%. i cannot talk long enough to get renault open. the aussie rba acknowledged they have to do more with the rates but they did not. the need for patience. the dollar is a little skittish a little nervous. how desperate is the dollar? you have a couple of weak manufacturing numbers. the bloomberg surpr

lvmh, what we saw was them saying -- down as a result of china and they are bringing in the lower priced products. slightly cheaper than what went before. what they are saying about china and hong kong is something to take across. morrison has been downgraded by goldman sachs. it is down one quarter of 1%. here is the trend. the dollar just taking. -- ticking. it is in the mid--undecided quadrant. we see them dollar going lower and the yen going a little bit higher. some of the numbers in japan were higher than numbers anticipated. is there more qe on the horizon? 240,000 is what is expected, janet yellen says get ready for higher rates. anna: we just had inflation numbers through spain. we got a reading of minus zero point 7%. for the most recent months. that is stronger than had been expected. either of those would have been an improvement on the prior months where he saw prices fall. the dis-inflationary forces are very much in the conversation as to what the ecb is doing. they have enacted a quantitative easing plan to address some of those. we just had the markets open up in europe.

speaking of the watch jean-claude, the ceo tag hoyer and head of the watch division at lvmh gave us hisughts in the last hour. take a listen to this. >> i think the apple watch is perfectly designed and it looks like an apple watch and that is what an achievement, design a watch that looks like an apple watch. it was not easy. imagine they would have done a round watch it would not have looked like an apple watch. all you know, i think it's a brilliant design for apple. even if for my own tastes, i prefer a little bit more sexy, but that's -- everybody's different. >> that's a ceo who, upon first viewing of the watch, the design, back in the fall, called it too feminine, said it looked like a student designed it. apple has people on the run. >> this was a beautiful dis if you listened to what he said. looks like an apple watch. in the end, i would like my watches to actually be good looking. but it looks like an apple watch. >> this was a classic just whiplash moment. afraid of being posterized. the posters of michael jordan dunking on people and how they would last for years. that is w

companies and certainly helps euro when you think about an lvmh who gets more of their sales in parisginning to see some of the asian tourists come their way and helps them benefit. so in the near term it definitely impacts the companies that have more of the u.s. companies more so than the european companies because these tourists we're seeing it in some of the data in the month of february more asian tourists going to europe and benefiting the sales of european luxury goods companies. >> we should underline a asian tourists probably chinese tourists because the chinese currency is still roughly pegged to the dollar, right? >> exactly. it's the chinese tourists going to europe. i'm going to london in the beginning of april and anxious to see wait looks like. i was there in february and it began picking up and see what it's like in april. >> you like a retail name we don't talk about, carters. >> carters almost never comes into the conversation but if you believe that labor market trends that we've seen thus far are going to continue, the market will tighten, minimum wage will rise, i

they do the affordable luxury like coach does, but they also have coach that's closer to lvmh territorydo you think the stock's going to go to? >> probably 25% up over a year. stuart: and you said that? >> we did. stuart: that's why you've got the barron's bounce. thank you very much indeed. >> thank you stuart. stuart: radioshack is on death watch. lauren simonetti, in case you missed it. tell me, what save radioshack? >> well, its future will be be decided at bankruptcy auction today. right now the hedge fund standard general, the p only hope for the 94-year-old chain's survival. it has teamed up with sprint to save nearly half of radioshack's 4,000 stores and turn them into co-branded sprint stores. radioshack would feel devices. standard general says a win on its part will keep 900,000 people working but its plan also relies on being able to cancel much of radioshack's debt. another option is liquidation. that will produce cash for creditors, so we should find out at the end of the month. like i said, stuart that hearing is at this hour. stuart: i think radioshack was done in by app