lvmh, the biggest luxury stock in europe bouncing back, up 2.11%.is a key driver of the french equity market. european should also be paying attention to what happens later on this week. the ecb is holding the september policy meeting. inflation, we have seen some print -- we have seen strong prints. we spoke to a number of key leaders over the weekend at the forum. policymakers out that meeting down praying -- policymakers at the meeting downplaying their view of inflation. >> i do not think it should come as any surprise there is a spike in inflation. >> we are not concerned by the current level of inflation in the eu or anywhere in the world. inflation is very much influenced by energy prices. food prices. >> all of the institutions consider it will be a transitory feature and we have to avoid if it becomes structural. >> we think this increases a temporary one. >> we are monitoring it. we should monitor it very accurately. without going to conclusions too soon. >> worry remain vigilant -- we remain vigilant but we are not concerned. >> it is a n

lvmh, the giant, and giant out of paris, kering, down.y sector, which is been a huge driver of france outperformance starting to fade. we'll continue to watch what happens with this pushed by the chinese authorities certainly having a meaningful impact. that is something i think our next guest will be paying attention to. china a huge challenge for boeing but the company is upbeat. it seems the global jetline sale story is bouncing back. marc allen is boeing chief strategy officer. the company unveiling its future expectations for how the industry will evolve and help demand will evolve. it is down today around .8%. not entirely sure you can draw a line. mark, great to see you. you're looking out 20 years. you are trying to get a handle on what demand will look like. we have just been through huge amounts of turbulence in this sector at the demand picture, judging by the conversation i have on a daily basis remains incredibly cloudy. what is your degree of certainty in terms of how this industry will evolve and what the demand picture wil

last time i was on i took off 50% with lvmh, lulu and rh as well.m believer in luxury. i think gucci is having a moment here, and tiffany is having a moment now. keep your eyes peeled on that, and lvmh. charles: i will. jan, kristin, thank you both very much. great conversation. folks, we're always on the hunt for next big thing. blockchain, robotics, what are the moonshot investments that can make you money? research analyst daniel fleck is here with his picks. he will tell us about the foundation of all of this. we'll be right back. ♪. ♪♪ (vo) the rule in business used to be, "location, location, location." now it's, "network, network, network." so you need a network that's built right. verizon business unlimited starts with america's most reliable network. then we add the speed of verizon 5g. we provide security that's made for business and offer plans as low as $30 per line. more businesses choose verizon than any other network. we are open and ready for you. >> and it is upgrade of the day take morgan stanley said, you can buy it. in talking ab

i see you like some luxury stock s, lvmh?where ben's shopping is the place to be and for me, like names like lvmh makes so much sense. the french company, really diverse product mix including christian dior, recent acquisition of tiffany's louis vuitton, they have have a lot of pricing power , they can offset that, if prices go up they can pass that on to consumers so that's a good thing. they aren't as disrupted by supply chains as most and they are very diverse and they have a very good in with most of asia. lauren: isn't that also on the consumer and the consumer being confident, larry, if they continue to buy expensive handbags and the like? >> well it seems like there's pent-up demand for that sort of thing. i know that's faded in the spring and early summer but it bounced back. a lot of it was due to shortages and rise in prices and the delta variant, was a big monkey wrench but i think if you're into retailing sector, i think the luxury sector right now is the least vulnerable compared to the larger consumer discretion

lvmh the biggest points drag down 1.32%. selling has been ongoing and brutal in that area.iners are down hard. then we get to glimmers of good news. i'm not sure if you can draw a link to the report the u.s. will ease travel restrictions into the united states, but that is the news we are getting. the response from the travel sector on both sides of the atlantic quick and clear. stocks rising. air franceklm up 5.46%. alix: joining us now is the air franceklm ceo ben smith. a sincere pleasure. if the corridor is reopened to vaccinated individuals, how many more people fly on your planes? >> thanks for having me so quickly after the announcement. it is great news for us. 40% of our capacity and revenues in 2019 were to and from the u.s., so it is fantastic news for our group. based on what we saw this summer, we expect a return of traffic numbers to return very quickly. we have been waiting for a year and a half. guy: this is guy in london. how are you going to configure the aircraft? do you think this kickstart business travel? what mix do you anticipate? >> i think it is bo

that is reverberating quite quickly into the luxury names, the names like lvmh.s is under pressure which is interesting. you can see the hit we got from the payrolls number. we are still in the 470, 480 range. yesterday dropping down into the bottom of that range. down .5%. it feels like we are drifting into the weekend. it is a long weekend in the united states. light volume is a factor today and we will see that monday. 1.1879 is where we sit with euro-dollar. we did get through 1.19 and then we faded that move. the bond markets on both sides of the atlantic are interesting. more so in the united states. a steepening of the curve. the easy be next week is something to look forward to. we are also seeing crude come back down to about flat. the commodity story continues to be important. we continue to watch what is happening. we saw a big move higher in crude yesterday. fading that the touch today. we see the opec story out of the market. basic resources back on top. the bottom end of the market is where the luxury sector is, down 1.32%. construction, retail, tra

lvmh is down by nearly 4%. into text -- inditex. you have really big numbers coming out of inditex.is progressing out of just bricks and mortar into ear commerce -- e-commerce. they are back to pre-pandemic levels. others not so much. they are struggling with supply chain issues. obviously, the supply chain is longer. inditex gives it really tight. there is an inventory issue and they are not as involved when it comes to the e-commerce side. they've invested huge amounts of money in their tracking of stock , which is turned out to be a massive bonus. alix: the funny point is that the u.s. team said oh. is this the top. they do a good job with inventory management. can they do anymore with that. jelena sokolova, from morningstar investment service analyst, joins us now. >> it has been pretty strong. i've been thinking about the company moving back to its pre-pandemic levels by 2022. it can even, if the crowd funds continue, even accelerate. they have issues in the second half of the year, but if that trend remains like this and there are no further up lockdowns especially in europe,

the biggest story for the french market has been the real surge in some of the luxury names, lvmh, drivingrench market this week. let's take a look at the stoxx 600 on the day. this is the session today. as you can see, a fade into the close being driven, i think, out of the united states. keep an eye on the apple news. a huge weighting in the u.s. that will manifest itself across a number of different indices. that could act as a drag. 466. we've been in the middle of the 470's the last few weeks. in terms of some of the assets we are keeping an eye on, let's talk about that. it's this general that i want to focus on. you see it in europe, asia. this is the u.k. number, continuing to push higher. it's going to be a factor going into the winter. the headline is the gazprom nord stream 2 gas pipeline that bypasses ukraine is now complete. it hasn't been regulated and hasn't been given the certification it needs, but it's coming on stream seems to be the narrative. in some ways, what you are seeing with the pound is interesting. despite the data of being a little gloomier than some had antic

when we talked about rh -- tyler, rh has stronger margins than lvmh. large three grand.n ceo came to restoration hardware, it is now rh today if you have been in an rh gallery, it is phenomenal. and it has great stickiness. they never do promotions they are expanding into london and paris and moving on. rh is in a class with itself. >> i will say this, there are a couple of stores in big malls that are always pull of people rh is one of them. the apple store is obviously the other of them. ken leon we appreciate your time today. >> thank you. >>> up next, supply chain issues loom over nike's earnings. the results due out after the bill -- the bull -- the bell ia o llbu ist buy ahead of the numbers? our trading nation team will weigh in they will say it better than i will >>> welcome back to "power lunch. supply chain challenges are expected to be a focal point when nike reports after the bell low vaccination rates resulted in factory closures and the stock was downgraded to neutral from buy but what do the traders think? let's bring in katie stockton and quintra. i'm loo

lvmh, enormous, $375 billion market cap in the top 159 in the s&p. that's hurting europe this week as we saw the stocks come down here then other issues, supply chain and labor problems affecting the ability of home builders to deliver on orders. in the last few weeks they've come down noticeably it's not that business is bad, just delivering orders and supply chain problems and labor problems then we have another thing separately with pharma, concerns about drug pricing from the biden administration taking more control over drug prices, even though it hasn't happen. but big pharma had a terrible month. even today on a dade with great retail sales and philly fed three to two declining versus advancing stocks collectibles are just on fire this year. you know, i collect old rock posters. somebody paid $3.6 million for the spires spider-man comic. nobody came close to that number before $3.6 million that's another industry that's really on fire >> bob taking the words out of my mouth i'm a comic book collector i have the x-men days of future past it's b

it is interesting to compare apple retail with lvmh if you lockok at those premium locations, they'regest luxury goods company, but the one thing i would disagree with you on is on the user experience. it is a place where there is an ideological assault on the app store, on apple and the place where epic was coming from was the desire to turn off a lot of the protections to make it easier for developer to do whatever they want on your devices, they can persuade you to press yes and that would be great for epic because they can do whatever they want, but it also opens up the possibility for more malware, more privacy problems, more performance problems, more and less differe differentiation. it is very funny in the epic lawsuit that tim sweeney said, yes, i use an iphone because i like all the privacy and security, but he's suing apple to remove the privacy and security controls. do you not realize that. that is what the lawsuit was so that's where there is a competitive differentiation from apple that is under question not clear what will happen there at all as i said earlier, we're k

last time i was on you and i talked about taking 50% off of holds in rh and lvmh.. they're great stocks. i'm not afraid of stocks. i'm afraid of the market. i would be constructive here and take a little money off the table. charles: some of the big winners today, though, erin, in this session, gap stores, tapestry, on the other end, ulta, lulu, these names keep moving higher. does this get back to the original point people will keep spending until they are completely tapped out and if so maybe we watch the stocks higher? >> i think people will continue to spend but however those are the people that are receiving stimulus checks that don't have an end in sight, right? those of us who continued to work and really supported the foundation of this economy, we're starting to see the inflation. we have all felt it in our own wallets. we feel it at the grocery store. we feel it at the gas pump. we feel it buying home furnishing from hr or anywhere else. i think you will see a pullback from the consumer that said, the other half how we're spending money on housing. i thin

also the cac 40 we had lvmh.-- to cheat gaining ground -- gucci gaining around 2%. largely to do with china and the announcement of the coming prosperity, a lot of investors rattled. we are seeing a move higher, maybe on the back of a more nuanced analysis from analysts. an analyst saying it should not be seen this will affect all luxury stocks the same way. what is more important about the prosperity policy is it is about expanding the middle-class and that is good. that also echoed by the likes of berenberg and we are seeing that move into luxury stocks. pretty interesting on a day we are not seeing so much happening. we have been talking a lot about aluminum, i'm saying it right despite five years in the u.s.. hitting the highest price in 10 years. stocks moving off the back of that. we saw a lot happening in asian sessions. a big alumina maker is also getting dutch a big aluminum -- a big alumina maker is also -- guy: thank you for much indeed. we'll come back to the aluminum story later. boris johnson said t

lvmh is one of the biggest companies in europe.t would be a top 15 if it was in the s&p 500 that is weighing on many of the european indices homebuilders also weak we've seen supply chain and labor problems affecting the ability of some of the homebuilders to fully deliver on their orders so pulte had that issue. we see them all off about 11, 12, 14%. there's been concerns about drug control prices from the biden administration this is a completely separate issue to covid that's been weighing on big pharma and these have big market caps that's another sector of the market that's been weak recently so there are pockets of problems here even though technology and communication services continue to hold up finally, around china, i know we're a bit concerned about the casino stocks. i just want to point out what's going on with ever grand this is one of the probably two largest property developers in china. huge, huge company, and we're talking about $300 billion in debt out there, and there's a lot of concerns here that's weighing on