right now, you can see the effects of lvmh. lvmh is up 4%.y, up 1.83%. 1.88%.le series is up by on the downside, i bring you back to easyjet and show you what is happening there, down by 1.77%. under pressure, once again. take a look at the short interest. that is around 9% right now. let's get to the bloomberg first word news with juliette saly. reporter: thank you. goldman sachs says china's currency outflows could be worse than a look. the bank is morning that a rising amount of capital is exiting the country in yuan, rather than in dollars. this could disturb a recent calm in china's foreign exchange market, adding to pressure for the potential federal reserve increase rate. brazil's finance minister says the benefits of an economic recovery will be seen in 2017. the country is currently in the midst of the deepest recession on record any presidential impeachment. speaking to bloomberg, the finance ministers said growth will still be slow for brazil. moment, it isthis quite clear. the importance of controlling the growth of expensive for

lvmh shares are up by 16% over the course of the last three months. when looking at some of the broader luxury shares today many of them out performing. some are up by more than 3%. most of the stocks here on the screen are much higher. >> you called me caroline again. >> i said carolin. >> are we coming to the end of the hong kong and chinese weakness. the companies have had very little visibility on that. >> they have. we always hear that the asian consumer will become stronger and weather whatever is happening elsewhere. >>> greece has cleared a hurdle towards the next round of its bail out. eurozone finance ministers in luxembourg agreed to disperse 1.1 billion in loans but decline signing off a 1.7 billion pay out later this month. greece's finance minister was positive on the progress made. >> it was a very good eurogroup for greece. it was decided that greece completed the milestone so we can proceed the 1.1 billion dispersement. there was an agreement that greece had done very well in clearing its arears in july and august but for technical re

lvmh is working. what you expected a?d numbers out from lvmh, that is the biggest luxury goods maker. shoppers in both asia and the united states snapped up the celine handbags in particular and new louis vuitton perfumes as well. they are based in paris. they also own hennessy cognac. the paris slowdown in market, after demand remained subdued there and tourists not spending as much there because of the terrorist attacks in recent years. sales increasing a family and asia. louis vuitton also entering the perfume business just last month. just last week, they said they would buy a german suitcase maker. since they are saying a better picture coming in the united states. we're looking at singapore right now, because monetary authorities said it has told falcon bank to cease operations in the city after arresting its local manager. an investigation into flows linked to the troubled malaysian investment .und one and dd -- 1mdd what is going on here? you can see the military authority in singapore is taken a heavier hand than

i would much rather prefer lvmh. ,rancine: let's take it back to a lot of investors invest in lvmh.e he is a bit of a fashion guru. the product, right? this goes back to what andrea was saying. gucci do very well. this is why the stock price goes up. how much of that is in burberry's control? howard: personally, i use burberry here and i have a burberry raincoat. the problem is it is 30 years old, maybe 35 years old. again, it is fashion. is it current? is burberry as global a brand? does it sell as well in asia? gucci? sell as well as a i am guessing probably not. tom: i look here at luxury. is there too much product out there, andrea? theea: not if you have right put out. if you have the right out, you have as much as you like. i was counting the girls with their lvmh around the pool and the beach. those bags are so popular. burberrysell, where just does not have the bags that is going to make younger people particularly go out and spend. tom: andrea, thank you so much. andrea felsted this morning on luxury. we are going to look at caterpillar. let's be blunt. the ceo was shown th

. >>> lvmh is buying a majority stake in a german luggage maker. known for its high end aluminum suitcases. >>> lvmh is higher by 2%. ericcson cutting 3,000 jobs in sweden. cuts will come from the company's sales, production and research development team. that stock also hire. >>> jpmorgan chase is preparing to pull its chase atms from walgreen stores. this serena williams from an agreement the bank made in april to sell over 2,500 cash machines to the atm operator. the deal affects nine states in the u.s. including stores in arizona and the chicago area. >>> switching gears now to today's top trending stories. kim kardashian has returned to the u.s. after she was robbed at gunpoint in a private apartment in paris early yesterday morning. husband kanye west postponed two concerts in philadelphia and detroit. he cut short a show in new york telling a family emergency. kim and other family members have been silent so far on social media. that toledo conspiracy theories over whether or not that was publicity stunt. it seems surely that it wasn't. >> v

third quarter sales forecast at lvmh boosted.his was from strong demand in the united states and sales in china. they saw profit and sales pick up during the period. meanwhile, the number of tourists in france has increased the performance at home. deutsche bank was given special treatment and stress tests by the european central bank. the revelation was reported by the financial times this monday. results from a stake sale of a chinese lender was included in the results, even though the deal was not completed by the official cutoff point for transactions. germany's largest lender has been under pressure in recent weeks over fears it could face up to $14 billion in fines in the united states. facebook is looking to take over the world of corporate messaging. the social network is planning to commercial launch facebook at work. it would allow colleagues to collaborate with each other while on the clock.facebook fans to charge companies a monthly fee for each user. co-working spaces are a phenomenon that have caught fire throughout

the french luxury brand group lvmh has made its first major purchase in germany, buying controlling stakea luxury maker for 640 million euros. bought a stake in a luxury luggage maker. i will be back with a closing word on lot -- wall street later. laura: we'll take a short break. stay with us. this is "france 24." ♪ 10/04/16 10/04/16 [captioning made possible by democracy now!] amy: from pacifica, this is demomocracy now! mr. trump: i understand the tax laws on this better than anyone, which is why i am one e who can truly fix them. i get it. mrs. clinton: it doesn't look like he paid a dime of federal income tax from us to decades. while millions of american families, including mine and yours, or are working hard, paying our fair share, it seems he was contributing nothing to our nation.

stockson to other moving , lvmh is the big gainer.'s biggest luxury goods maker reported third-quarter estimates that eat estimates -- .- third quarter estimates the ftse 100 is that a new closing record, 7103 is the record high in april last year. we are at 7107. this is six -- since brexit. the small-cap index is at a record as well. 250 was at a record also. look at gilt when they hit a record in august as the pound boosted inflation expectations. does that mean the bank of england will do less? --s shows the market valley value of the world's negative yielding bonds. the total value, 12.12 trillion in june, the highest month end total since it began its unprecedented climate in august 2014. stats, some interesting japan accounts for almost half the world's total of negative yields. 44% comes from western europe. -- u.k. accounts for point .5%. francine: thank you so much. final thoughts from diane swonk. we were meant to talk about macro economics and negative rates and it is really news that has taken over. we received news that

lvmh is adding a german suit maker to its galaxy of brands.a huge drop in real estate prices -- plate that real estate prices in manhattan. the south african finance minister says the police investigation is nothing but political mischief and will be resolved soon. he also discussed where he sees growth in the nation's economy . >> there are other sectors of the economy that have been growing and will grow into the future. in many american companies are invested is from a -- investment is from a chinese company. the parent of louis vuitton is buying a majority share in german suitcases. ra: the seller is the grandson of the founder. a tentative deal between southwest airlines its pilots may be in jeopardy because delta alliance has a pending deal that would pay its pilots more. southwest pilots union wants to renegotiate some sections of an agreement reached at the end of august. it is a buyers market in manhattan. apartment sales plunged 20% in the third quarter according to an appraiser. the number of resale apartments on the market at the e

stocks on the move, big day for europe's luxury sector, lvmh posting better than expected third quarter sales. christian dior, hugo boss, among others, having a positive session. weaker session has been a silver lining for these high-end retailers, the world's sixth largest market for luxury spending. >>> vladimir putin has been making headlines for various reasons, opec production cut yesterday. today, he canceled a planned visit to paris next week amid growing tensions over the syrian conflict, demonstrating the pressure building between him and the west. kayla? >> seema mody here at post nine. >>> back to samsung. a lot of people are wondering what is next for the company as it officially and permanently scraps the galaxy note 7. courtney reagan is outside the samsung store in new york city. >> there was a small line of people here before the store opened, 15 or so. some were in line to look into some exchange or return of the galaxy note 7 device, but not everyone. all of the folks were happy with the phone. they were disappointed. the folks we talked to hadn't personally experience

lvmh rising on news it has agreed to quire an 80% stake in swrermen luggage maker rimowa for $716 millionhe bank shares moving higher in frankford, analysts saying fears of the bank's solvency are overdone after deutsche bank tries to reach a settlement. >> meanwhile, hillary clinton sounding off about wall street and wells fargo at a campaign event in ohio yesterday. take a listen to this. >> part of the problem is large corporations are amassing so much power in our economy. sometimes it's called market concentration or even old-fashioned monopolies. either way it threatens businesses of all sizes as well as consumers. look atwell wells fargo. really shocking, isn't it? one of the nation's biggest banks bullying thousands of employees into committing fraud against unsuspecting customers. >> joining us this morning is former romney senior adviser, author of "the new york times" best seller "the up side of inequality." great to have you back. >> thank you. >> welcome. whether discussion of stumps, stock holdings, trump's taxes over the weekend, the argument about the very wealthy and the