andrew: i do not want to overplay the fact it may be lvmh. plenty of arguments that burberry would be better for private equity. earnings are expected to fall again, but anyone coming into the business would put leadership first and foremost. they may query whether christopher bailey can be chief executive and chief creative officer. vonnie: our thanks to bloombergs andrew roberts. , we take you behind the wheel of the 184,000 mclaren s. ♪ we begin with a question. are you looking for a sensible sports car you can drive around year-round? could be it. s hannah elliott drove it around in the swiss countryside. take a look. ♪ this is the brand-new version of mclaren's most accessible car. it was made as a daily driving version. ♪ we drove with winter tires on its 19 inch alloy rim. those tires affect how supercars handle, but they proved perfect on this ride, because we shot this video and a thunderstorm in the swiss countryside. it was the perfect scenario to test how well this white lightning machine would do to the daily driver. the 570s has

lvmh, christine dior, hermes -- are very is the winner -- burberry is the winner with an increase of 14%. stay with us. ♪ alix: it is 1:00 p.m. in new york, 5:00 p.m. in london and 1:00 a.m. in hong kong. scarlet: welcome to "bloomberg markets." from bloomberg world had chris new yorkgoodfternoon. -- world headquarters in new york, good afternoon. fallinge british pound amid the brussels attacks, leading to more speculation that great britain will leave the eu. scarlet: porsche is showing off its newest luxury sports car. matt miller will talk to porsche's north american president and ceo. alix: professor gives avenue -- country'to

cac 40 off, only one stock rising -- lvmh. miners and the of booze seems to be on the agenda. let's dig in to some of the other asset classes. dollar is in vogue, currently up point.a percentage we could see a rate hike as soon as april, the u.s. dollar back on the agenda. seeing oil on a downward trajectory. bread and wti sub $40, as we seek concerns of the supply side of the equation, inventory building in the united states, and dollar getting stronger. euro -- keep an eye on the euro. german sentiment today. and the pound has george osborne in front of the treasury, and retail sales were off by 3/10 of 1% as the u.s. dollar trumps the m all. let's have a look at what is moving in terms of equity. ulare willf pop take 54% of the combined bank, a merger -- a wave of mergers. it's a credibility test for the ecb, the first measure we have seen with the ecb as a regulator, the first biggest deal since 2007. next, we wait for the open on next. sentiment is not good on the high street. they downgraded their four-year sales forecas

year euro will outperform domestically but the companies like lvmh and other big ones are selling domesticallyinds behind the backs. they are selling the purses here. right, new york? >> they are selling into a u.s. economy that's slowing that you just talked about. the earnings here are slowing and the u.s. economy is slowing. tillman on talking about that so it would seem to me that if i'm looking at the rest of the world i would only want european companies that are selling internal throw europe. why would i want the exposure to the rest world that's slowing. >> i'm going global. i want the biggest market cap names and that's what i'm doing. the fact that they sell mostically doesn't turn me off and at the end of the day they have the advantage of a lower currency. here's the thing. tell me if you're sitting with money in europe and you knew with certainty that the government is going to steal 4% from you. doesn't that get you thinking about maybe looking at some other assets, maybe large-cap dividend-paying stocks. that's my investment theme and i'm sticking with it. >> dennis, what do you