lizzy: for more on lvmh, we have teleported her in from the street.could this get, nicole? >> lvmh is europe's biggest company. it's the world's largest luxury conglomerate. it is always up there in the world's top 20 companies in terms of market capital. it could really shake the industry. however, a lot of our reporting and analysts we have talked to say that when the succession will take place, it is mostly priced in already. investors are expecting at some point bernard arnault will go, the question is who will it be? lizzy: it feels like a real life episode of "succession." thank you to nicole for that reporting. the 10-year yield is climbing. and for analysis, valerie tytel is back. valerie: the most important thing for traders when they sit down this morning is the fact that we're still seeing this extended pressure on treasury yields, after we got minutes last night that showed fed officials see some upside risk to inflation. then it was those comments on qt that it could still be ongoing, even if the fed cuts rates. we're seeing the two-year

china boosting lvmh, china hitting siemens. you can see the share price reaction and both of those stories. china as ever continues to be a large factor for your. lvmh is up and siemens is down by five. >> that is what we experience. manufacturing versus services. you go buy a bag. you don't spend money on manufacturing. s&p is up by .7%. we are fading the rally. we are up over one percentage point. the biggest drag on the s&p's luxury retail, with a capri for 1.5%. that is like michael kors. there was some turnaround problems. there are issues that have to be dealt with red also, this is an area of the consumer that seems to be the most wrapped right now. not super high and luxury. not discounts. the timing of all that is interesting. we will break that down. prude is up by -- down by 1% rid you have strikes happening in lng, and australia. the also have opec saying that they are looking at a 2 million barrel deficit because of the saudi cuts. you have to wonder, if oil stays supported over 80, will that if fact the inflation

lvmh reporting a slight drop in u.s. sales in the second quarter. gucci saying u.s.look at the upscale hotels like the rytz and waldorf, also seeing a falloff in demand some analysts say this is because the american wealthy are vacationing in europe so they're buying the handbags and shoes in paris or london rather than the u.s. lvmh saw 18% growth in europe and reported good momentum in europe others would say this is payback for the big luxury brands that moved down market to chase scale and growth now those less wealthy consumers are starting to pull back as lvmh said in their call, the aspirational consumers are not shopping the way they used to. h hermes reported 21% increase as their $10,000 birkin bags and $900 belts remain hard to get even for the wealthy the chairman saying in difficult times there's a flight to quality and we have benefitted luxury analyst saying, quote, we're seeing a normalization of luxury as those luxury stocks go from momentum plays to morsteady growth, that's if luxury consumers in china keep spending now that we're seeing weakness in

not at lvmh but not at dollar general or dollar tree.t retail broadly and then the stocks, what you see from a lot of them, victoria's secret, target, from academy sports and cignet jewelers, too, the consumer by and large is not quite as weak as investors expected them to be. which one are you talking about? >> you said winners. >> winners after earnings. >> it went up 3% after earnings? >> which one now? >> target. >> yes. and walmart was down. >> it's like vf corp is down on the year. >> it's down 80% from its high. >> unless it's down that much for a reason. >> they were a pandemic beneficiary. a lot had to be worked off. now you have 120 plus-year history of managing brands well. these earnings have been reset. from here we're in excellent shape, and their consumer is holding up okay. it's not the dollar tree, so you have a lot of mishmash in retail. it's interesting for me. >> victoria's secret downgraded at wells -- >> they're seeing improving sales trends. >> jason snipe, same store sales are up. costco, strong performance, that'

this is able to on for lvmh and tapestry.ecause lvmh is so big, how do you compete with some of the giants that have really gained increasing prominence? all of that have been doing so well in part because of scale and scope. jimmy choo intrapsychic am okay. michael kors -- jimmy choo and for sachi, okay. jonathan: -- lisa: they are trying to if you talk about versache. tom: the answer is they are not altogether. there are three or four big winners carrying on six companies. you know better than me. there is a stratus of luxury and they are a train wreck. capri has been attend your train wreck. -- has been a 10 year train wreck. jonathan: a $.5 billion deal. tapestry is down. capri is rallying pretty hard. absolutely sergeant. lisa: they're getting bought out at a higher valuation than they were previously valued for. i wonder how important it is to have scale, to have the dominant put figure in an industry. 40 luxury brands, how much lvmh? how much have they benefited from their size during the push and pull of the pandemic?

combination >> a lot of the -- a lot of the commentators say, oh, you know, america doesn't have an lvmhemont and this is what you're trying to do. you're trying to get a foot hold into the luxury, you're getting versace and jimmy choo but it's hard to compare with lvmhs, they're in a different stratosphere and their results have been incredible because of it. >> we're building something unique and differentiated at tapestry i'll share that vision with you, but it starts, as i said, with iconic brands, with heritage and design and craftsmanship, and all six of these brands really have that. it's combining that with this modern consumer engagement platform that delivers more innovation, more connectivity and morrell advance for consumers. we think of that as luxury at its best that's really the vision for this combination and what we're building at tapestry i'd be remiss if i didn't mention culture. we also believe and we can be the best home for talent in our industry this combination gives us a tremendous opportunity to ignite the passion of 33,000 associates all over the world to drive

although the one bag i by uy, is not cool lvmh brand and that company has done so well this kind of -t category -- one step below the neconomics are not as good. >> because the economics are not as good because the other guys. >> hermes stopped raising prices on the bags. >> it makes no sense. >>> shares of blackrock are higher take a look. they are at $715 a share the cfo said on the earnings call that the sources at blackrock expect a spot bitcoin etf to be approved in a matter of months. he talked about the book a little bit >>> separately, the s.e.c. is appealing the ruling that says the regulator doesn't have the authority to oversee sales of ripple's currency of xrp that has an impact on whether you see a spotty etf and if they get regulated. a court decision was a boost for crypto firms with oversight. at the time, shares of coinbase and marathon digital were surging. now crypto prices across the board with bitcoin has not moved. we have been sitting on $29,000 range for some time. $29,491 for those folks on the radio. >> resilient to me coinbase, i did not realize they were up

again, you've got stocks like lvmh under a little bit of pressure. so again, it's the effect that china is having on european equities remains really quite significant. we'll talk more about maybe the domestic narrative in the close. that's coming up next. this is bloomberg. woo hoo hoo. i'll be the judge of that. oh, that's nice. oh, searchable verified reviews. that's better than the ham. and i've never said that. booking.com. booking.com. yeah. if you had w-2 employees in 2020 or 2021, you could be eligible for cash payments up to $26,000 per employee through the government's employee retentionr laundry. it's something about having that piece of paper. some people think that's worth more than my skills. i've run this place for 20 years, but i still need to prove that i'm more than what you see on paper. is going to be so good they can't ignore you. the way my mind works, i have a very mechanical brain analytics and empathy. that's how i gain. clients am more. i'm more than a paper. it's an amazing thing when you show generosity of spirit to someon

we should compare this to other luxury rivals, maybe lvmh, and it's trading a couple turns cheaper thanhat as well. this is a name we could potentially play to the upside i was thinking of using a diagonal call spread, very close to at the money call that expires next october and then taking advantage of the fact that near dated options of course are going to exhibit higher implied volatilities, buying the 140s in october, selling the 145s in august as a way to make a modestly bullish bet here. >> carter, how do the charts look >> yeah, i'm in the belong camp for ralph lauren, three charts, all the same time frame with different annotations, the first, i think you have a well-defined formation here, a head and shoulders bottom, stock toying with the prospects of breaking out from a range. second chart, same time frame, same chart, just different lines. now we put in the down trend lines since its peak in 2021 and we've moved above that comfortably. final chart, it's converging trend lines, all of these things are constructive, it's relative strength to the xrt, it's spyder grouping is v

valued at $1.1 billion that has meant there is movement in the luxury counters this is a big gain lvmh and burberry to the gain. you see the positivity filter through. we are anticipating that number from the u.s. when it comes to inflation and could that lead the way when it comes to how the markets may trade not just today, but hit it off tomorrow dom. >> arabile gumede in london with the latest on the european trade. thank you. >>> speaking of europe, novo nordisk profit fell shy of estimates, but sales of the weight loss drug w wegovy jumps 5.p $5.5 billion guidance is increasing on the surge of the drugs and it expecting to see shortages for the drugs. let's talk more about novo and the booming market for weight loss and anti-obesity drugs with emily field at barclays. emily, novo and eli have been on a tear because of a lot of sentiment against the anti-obesity drugs how much can you take from novo results today and extrapolate what it means in the future? >> thanks for having me. the fact they were able to put up $1 billion in a supply constrained situation is spectacular for we

lvmh is down by a little less. have the domestic story and china, just concerning them up but also the narrative that china has now allowed group travel out of china into places like europe and the united states. that should be positive for the luxury story. what does the we carol? if you are on holiday, you do not need to worry about this. we have pandora earnings coming up. i think the main data point this week from europe will be out of the united states. -- out of the united kingdom. tomorrow, we get the wage data and after that we get inflation data. which of these two are going to be more important in terms of having an impact on where the bank of england is going next? i would argue probably the wage data tomorrow. if wages stay as they are now, it will be hard for the bank of england to think about halting the rate progression or cutting. there is an expectation that we will see acceleration. we have wage data coming out plus inflation data. which do you think the bank of england will watch more closely? >>

lvmh shares up 3%. we will talk more about the luxury sector later this half-hour.t has the key macau operation chugging along with their exposure in las vegas. well received financial results there. within the dow, we have disney at the top of the leaderboard with a gain of more than 4% after the quarterly results last night. true, there are topline challenges but the bottom-line improvements have been well received on wall street. wall street is giving thumbs up to alibaba. the e-commerce giant which has been trying to win over investors again showing signs of that with her latest quarterly results. matt: you are wrapping up the stock movement. i want to get back to the macro economic data. more on the inflation report we got this morning. we caught up with neil on surveillance today. he said the fed and some economist might be celebrating too soon. >> i think the economy is growing above trend. i don't think the fed has done enough, and i think the fed is enamored with this soft landing view. they are almost wish casting this outlook. i think there is a risk that

. >> let's talk about the macro head winds harle harley-davidson and lvmh and whirlpool. are we seeing a shift from goods to services continue and do you expect that to continue for the rest of the year >> we are absolutely seeing that it is not as simple as consumers doing well or poorly it is clear the consumer is stressed let's give you a framework shifting from goods to services. shifting from wants to needs with the stress. you see that with the services purchases for housing and medical care a lot of goods for consumables are for food you overlay the pandemic rebound. products did well during the pandemic home goods or toys when people were stuck at home are doing poorly now other things like going on a travel experience or the movies or concert those are doing great. almost everything can be explained by that. auto sales are up. you couldn't get a car during the pandemic that is a rebound effect everything fits in the framework. >> catch up spending with autos and experiences. i want to talk about the payment companies. visa and mastercard called the consumer resil

bloomberg reported that the private equity firm was backed by lvmh and working with goldman sachs andmorgan on the potential share offer. bloomberg has learned that exxon is in talks with major automakers about supplying lithium needed for electric vehicle batteries. our sources say that the companies involved include tesla, ford, and volkswagen. it is also having discussions with samsung and sk. i went to give us a look ahead to some important earnings at the top of the hour from bp. wrapping up a difficult quarter for big oil. of course, we have disappointing results from shell last week and firms from exxon to hotel have seen lower margins. a particular interest will be at bp's third-quarter buyback projections and that could turn out to be more modest because of declining surplus free cash flow. that is a warning from bloomberg intelligence. the shares have barely moved your to date but we will be bringing you an interview with the ceo at 7:30 a.m. london time in our markets today program. coming up, we will bring an interview with hsbc ceo noel quinn as the bank announces another

is it fair to say, if i want a growth stock, i should buy lvmh and get rid of the tech stocks?hryn: there is a lot of credence to that and companies with high quality balance sheets and high pricing power demand, and that is what you are referring to with louis vuitton. that will be clutch in any case of the economic cycle but we are talking about a cycle of persistently high inflation and a fed that is not going to be cutting and even could potentially be increasing so in elastic sectors such as staples, energy and some communication services and utilities, i think are safe place. one would be well positioned to acutely those in a portfolio with a 12-18 month rise in -- horizon. alix: what are the chances inflation rate accelerations -- re-accelerates? how do you protect returns against that? kathryn: that is whether tips idea comes -- where the tips idea comes into play. if you think you could be higher -- it could be higher and you want to belong in the short duration tips like the january 2025 in terms of the real yield, there are risks to sticky inflation. i do expect infl

it's up with lvmh. everyone wants to emulate their model. robert, great stuff.long day for you, robert frank. >>> still ahead, pr disaster or much ado about nothing. palo alto's rare move to report on a fday teooriafrnn coming up in a couple hours. we'll talk about it next. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. hi, i'm john and i'm from dallas, texas. my wife's name is joy. we've been married 45 years. i'm taking a two-year business course. i've been studying a lot. i've been producing and directing for over 50 years. it's a very detailed thing and the pressure's all on me. i noticed i really wasn't quite as sharp as i was. my boss told me about prevagen and i started taking it. i feel sharper. my memory's a lot be

>> well you know i always think there would be something interest if lvmh got their hands on chanel orsted in watching. i don't know, bernard arnault, he is a very clever businessman. i think that is something he would love to get his hands on. charles: i would like to see their magic on tiffany, in my mind needs to be buffed up. still early for that. before i let you go, you like walmart. walmart has been performing extraordinarily well. what do you think about them? >> i think this will be a great quarter. walmart will sandbag because they have like great companies like hr, nike. they have such a hand on the the on consumer. they have real time data that is impressive. i think they know their consumer more than other companies out there. i think they're realistic. i think this is a solid growth for them. charles: the grocery help a lot. if target is up today, you have to assume walmart maybe will get a bump too. kristen, appreciate it. >> thank you. charles: i want to bring in peapack private wealth managing director principal david dietze. let me pick up on that conversation. so a l

the story is lvmh. really choppy for stocks this week. think the narrative i want to take away from this is what is happening out in china. that's been one of the underlying themes of this week. the weakness we have seen in china. in some ways, the fact that the tours are coming back is good news for the luxury stocks, but think about what is happening in china broadly. that narrative isn't so positive. if you want to think about one emblematic theme that comes out of your, is to lug greece sector. it is -- luxury sector. don't ignore the china story and the impact it could have on europe, going forward from here. i think that is one of the things. as mentioned, we had a fairly flat week. next week, earning season starts to roll off a bit. let's talk about what is happening next week read more inflation data, and upc pi. that happens on wednesday, but you have a whole bunch of earnings. we start to run out of steam. legal and general. pandora is out with earnings. money is quiet. wednesday has aviva, out with numbers as well. we are almos

so we trimmed this, which has been a big position for us this is our second trim of lvmh this year, butas just sort of moving away from the consumer event >> and we're looking at the consumer report? >> yoi don't think this is goin to be a quarter issue, they marked the weakness. so it's not a super near term issue, just acknowledgement the stock has done really well for a long time, as has luxury in general, luxury has done very well i don't think it's going to crash any time soon, but we're just managing position sizes and taking a little bit off the table and going into cheaper sectors, honestly. >> got it. k th "halftime." "final trades" is next rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. i go through a lot of pants. before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. you can't buy gr

combined sales of these two units will be about $20 billion, but you've got to compare that with say lvmh a big catch-up to do. >> cnbc's joumanna bercetche, great to see you. have a wonderful weekend. >>> still ahead here on "way too early," we're going to have more on the absolutely horrific wildfires in hawaii and take a look at how climate change may have fueled this disaster. we'll be right back with that. n. try boost® high protein with 20 grams of protein for muscle health versus 16 grams in ensure® high protein. boost® high protein. now available in cinnabon® bakery-inspired flavor. learn more at boost.com/tv this isn't charmin! no wonder i don't feel as clean. hurry up dad! you've been in there forever! i'm trying! this cheap stuff is too thin! i told you not to get the other toilet paper. here's charmin ultra strong. ahhh! my bottom's been saved! woooo! with its diamond weave texture, charmin ultra strong cleans better with fewer sheets and less effort. what's everybody waiting for? this? ok hon, we know you're clean. we all go, why not enjoy the go with charmin. age is just a n

it feels like this consumer, if they are trying to get the valuation, the lvmh -- >> another universeow. >> exactly the shopper is a completely different shopper who buys michael kors or jimmy choo handbag versus a louis vuitton i don't know -- can they ever achieve that so, that is not the end goal, then what is >> if -- if they can do -- they talk about direct to consumer being somewhere where they can be more -- they could make it be more efficient they talk about there could be -- think about it they are both in wholesalers in a bloomingdales, in, you know, maybe a nordstrom or all of those, maybe they get a little more power there, maybe they get a little more power being at simon property group malls, they can negotiate better maybe they can facilitate -- they can do fulfillment better a lot of different things. i don't know how the multiple changes, though. >> right >> how they get -- but - tapestry's multiple was six. >> wouldn't that have been better to use stock, not cash? >> yes, but why doesn't kors want stock >> that's what karen is saying >> i understand that they should

now, let's look at elf elf is not a.i., but we know that estee lauder is under pressure, we know lvmhbeauty elf has lost its mind. it's -- well, take a look. 20 to 140. i would point out, it's gapped up several times you can typically get two and sometimes three gaps on earnings it's very hard to get a fourth, because the price targets get moved up to the point if it's very hard to be. i think it's so good that it's bad. let's go onto the next one totally different business, of course, we've got ge ge is nowhere as near as steep and uncorrected, but it's the lack of variance it's just literally tick, tick, tick, higher, forever higher no dips, no drops, no corrections, no drawdowns. that's not how stocks work eventually, you get that down. i think this is also so good that it's bad. last one, a little harder to discern. lilly, because of its gap up today, it was rerated. news, we know, of course, having to do with the very big business of weight loss but here, too, how much is now priced in? how much is known or said differently? how much of all that's coming, almost all that's coming

of the sales that we report in europe are really going through global beauty brands like l'oreal or lvmh who then sell their products on to china. clearly their recovery is more muted than people had hoped and expected. but even lower growth on a large base makes a big difference and we have just started up one of our flagship investments in shushz ow, china and we continue to see china as an open market and thankfully we are not in any geopolitically sensitive areas. we're seen as benefiting the chinese patients and consumers. >> yeah, so far makeup is not on the list yet of highly sensitive industries. before i let you go, can you talk just briefly about the labor force? i have to imagine between some of the slowdowns you've cited and everything else that you're not seeing the same staffing challenges you once had, but is there any sign of wages reversing lower or anything like that? >> no. but clearly the issues we talked about last night have abated. we saw more people joining the labor force. and those plans, particularly in the midwest, are exactly the ones producing the things tha

lvmh bought tiffany & co. in 2021 for $16 billion. >> isn't it wonderful?customer walked in. >> do you have anything for $10? >> still, some things active any's haven't changed. >> to be fair, $10 in 1961 is $101 now. do you have anything for $101? >> we don't have jewelry. perhaps perfume? >> the president and ceo 3 le drew says the building remains the bedrock of the company. >> we're here at the epicenter, splitting east and west, north and south. >> it hadn't been renovated since opening in 1940. >> there was really a responsibility to protect what may be the identity of this landmark for 83 years. >> this is an exceptional necklace. >> reporter: tiffany's gemologist. >> like that. >> reporter: the famed tiffany diamond discovered in 1877 made a cameo in the 1961 film. you have this here behind some layers of glass. people can line up to look at it as if it were the "mona lisa"? >> absolutely. and it has just been reset for the first time in 12 years. >> reporter: the tiffany diamond is not for sale. what do we have here? just about everything else is.

he says critical mass is what matters for luxury as evidenced by these european house brands like lvmh takes deep pockets to compete globally. relatively sort of the same idea for a business model integration could be a concern tapestry doesn't have a great track record they acquired kate spade before it started losing favor and then struggled with stewart wiseman, supply chain, other integration issues there citi points out this is a different management team at tapestry that has a strong acquisition of brand acquisitions. >> thank you. >> that stock price we'll keep a close eye given the decline. speaking of stock prices, an eye on shares of disney. the company posted what was a mixed third quarter. it did have subscriber losses in the disney plus direct to consumer unit, big restructuring costs and did beat the bottom line for many analysts and announced rate hikes across the streaming platform let's bring in michael mason, who has an outperform rating on disney did take his price target down to 115. you're an active participant on the company's conference call. you have one of your

we did see a good jump in the likes of lvmh and all of the hotel and airline stocks in asia and europenews article that japan is likely to benefit the most from china's travel resumption. i think we are currently also asking analysts what kind of sectors and what markets will benefit more from china's travel return. just to be sure, this kind of resumption of group tours may not be coming all at once because consumers are also quite cautious about their spending because jobless rates are high and the economic prospect has not been bright. overall, investors may tend to overreact at some point so we will have to find out. haidi: bloomberg's asia stocks manager ahead of the market open. alibaba is under watch. it gained almost 5% and returned to growth across almost all of its divisions. taking its first step towards a long-awaited comeback. let's bring in catherine from bloomberg intelligence. you were constructive going into these numbers. did anything surprise you or jump out at you? >> i think if i put aside what we discussed earlier about the clout business, alibaba did extremely we

tenants are more and more going to gravitate to that if you're a one-off brand that's been bought by lvmhd going into the pleremium center. we're a beneficiary of that. the centers and malls with one or two -- announced part of the bigger group, they're going in and trying to cluster the tenants together so, you are going to see some softness, i think, in more softness in the secondary retail from that standpoint. >> ray, back to the consumer do you expect to see this dichotomy you were describing between luxury and sort of mid-market >> oh, yeah, the luxury has held up strong through the entire pandemic and we're seeing store sales and luxury sales and you can look at our portfolio, we have the best of the best brands, they're having a good year this year, and we see it going on it's kind of like the have and have notes much like it is in other parts of the economy. >> you know, and just finally, to come back to the banks because we cover them closely. if you want to develop something right now you couldn't get the money, it's that simple? >> we just closed 1$120 million high-rise apartm

we heard that from ulta and lvmh and l'oreal, so it makes you wonder what's happening in north americatee lauder is seeing growth. this was a really controversial stock going into the print because it was already down more than 30% year to date, so a lot of the analysts were saying, look, it's primed to hop, similar to target, for instance, which had a lot of negative sentiment going in. and while results were better, the profitability numbers on the quarter were a lot better and so were the sales numbers. it was the guidance, carl, that you mentioned and that missed the low bar. >> oh, yeah. >> and that's why the stock is selling off even further. >> 350 to 375 is fiscal 2024 guidance right now. the consensus prior to that was 488. stifel saying the buy side seemed to be more around $4. it did undershoot there. the stock is basically back to where it was at the covid low in march of 2020. the other issue is super expensive stock. it was considered to be can't m -miss, and that's just been unwinding very quick. so, based on sub-$4 earnings next year, you know, you still pushing 40 time

they are not lvmh. >> if they get this done, an $8 billion acquisition, they'll have versace, jimmy choocked jimmy choo and versace, we have to go to milan in february to see whether they are a factor. they became a factor, and now they've really pulled back for the milan fashion show >> a lot of people think there's a lot of potential in versace. >> it's up because they like the -- you know, they like the theory how about the fact that ralph lauren's been acting so poorly, even though that was the quarter? >> they've really outperformed >> they're doing poorly right now. >> because they're exposed to china. >> that's true >> 50% growth. and in ralph lauren, 50% growth. >> well, china's in the that important for them yet i just think, look, i don't want to really slide tapestry because i know -- >> dollar's at a two-month high. that doesn't help ralph either >> no, it doesn't. >> it follows yields and makes -- and part of the equity weakness here you mentioned the dollar against the chinese yuan a lot of people are watching the dollar versus the yen because we're approaching key levels >

our picks are the top share leaders, walmart, costco, as well as lvmh walmart is also getting a higheron our survey, 9% growth at over 100k. >> is the controversy over for target i mean, the stock price, you don't attribute any of that to woke and broke >> we're watching it what's happening is it's a very diversified product line target has bigger issues in terms of consumer demand. >> there's target. you can't tell me that some of that's not -- you go -- >> we had so many -- we had issues, joe, before. >> i know, i know you had inventory issues they messed up what they had on shelves. budweiser hasn't had any issues? disney hasn't had any issues with those things? >> target is a very twdiversifi product assortment. >> they've had a lot of screwups other than apparel. >> all of retail has had issues in terms of these issues shrink's another problem too student loans are another problem too. we're really looking at across a lot of cautionary issues in addition to thinking about inclusivity, diversity, and thinking about the new younger customer too >> it's a pretty big fwap. it's like a

nordes takes over lvmh. this injection and lose a ton of way then it could replace -- i'm not looking at you i'm just saying directly it would have big marketable. jonathan: but was annoying to me is we had this rally off of the back of data that i do tests or something, said apparently it drops the risk of heart failure and disease and strokes. obviously. lisa: you lose weight. jonathan: did we need someone to tell us that yesterday? tom: i promise i will call the doctor about it. jonathan: what is it? lisa: ozempic? tom: you both are looking at me. jonathan: i am pleased we were prepared for the segment. ♪ er refund to build an outdoor patio. clink! dr. marshall used part of his refund to give his practice a facelift. emily used part of her refund to buy... i run a wax museum. let innovation refunds help you get started on your erc tax refund. stop waiting. go to innovationrefunds.com you really got the brows. oh, oh, oh...i'll be the judge of that. oh, that's nice... oh!! searchable, verified reviews. tha