lvmh, the shares pop 8% yesterday. shares up 40% year to date.pany making the kits that enables you to turn out these semiconductors. there's plenty more on these stories in a deep dive of the ecb. markets today next. this is bloomberg. ♪ (jennifer) the reason why golo customers have such long term success is because we focus on real foods in the right balance so you get the results you want. when i tell people how easy it was for me to lose weight on golo, they don't believe me. they don't believe i can eat real food and lose this much weight. the release supplement makes losing weight easy. release sets you up for successful weight loss because it supports your blood sugar levels between meals so you aren't hungry or fatigued. after i started taking release, the weight just started falling off. since starting golo and taking release, i've gone from a size 12 to a 4. before golo, i was hungry all the time and constantly thinking about food. after taking release, that stopped. with release, i didn't feel that hunger that comes with dieting. which

with lvmh, h there are rumors they may take over another. kinds of moves, if they feel thank can get them through regulatory control and if t they're not listening, then you have an even bigger conglomerate. they're buying the same leather, working with the same craftspeople. i think it's something you don't want to overlook, particularly when we're about to be in the european sum eared you know the american tourist is going to be buying. >> sarah kuntz. you worked for chanel. >>> one firm thinks better days mabey ahead for the ev giant. we'll have that and much more when "worldwide exchange" returns. stay tuned. ♪♪ chewy, a citi client, uses citi's financial expertise to help drive its growth and keep its supply chain moving, sayre right when they need it. keeping more pets, and families, happy. ♪♪ for the love of moving our clients forward. for the love of progress. you are bountiful. your hair can grow 590 miles over your lifetime. it's in your nature to grow. grow thicker fuller hair with one capsule a day of advanced hair complex. natur

i like names like lvmh. it owns some of the biggest, most recognizable brands in the world.fany's, champaign, wonderful champaign. these are big brands that i think this is a good time to get in and you can buy the etf which is a name like lvmh stuart stuart: go have an early mimosa david nicholas thanks for joining. coming up the white house says biden focused on making illegal migration more fairer, their words. roll tape. >> he's going to speak on how we can make our immigration system more fairer. he wants to see action. he wants to see a bipartisan legislation move towards that, but we haven't seen that. stuart: well, what does senator ted cruz think of biden's new amnesty program? the senator is in our 10:00 hour trump blamed biden for the murder of that maryland mother of five by an illegal migrant. trump says the migrant knew crooked joe would let him in. border guy, art zel cueto on that, next. as an independent financial advisor, i stand by these promises. as a fiduciary, i promise to be the financial steward that you and your family need. i promise to put your lon

take one of its products, including ozempic, and you've almost certainly heard of the third biggest, lvmh. although if that doesn't sound familiar, it's brands will sephora, moet and chandon, louis vuitton, among others. which leaves us with asml. it makes things that make chips, specifically lithography. the etching of patterns on silicon wafers. and though the company has a thousand employees in silicon valley, it happens worldwide, worldwide, rather, ralph howell is a vice president of research and development for the company. so this is the second most valuable company in europe. i believe it's a dutch company, right. but i don't think most people, rafe, have ever heard of it. right so we like to think of ourselves as the most important technology company that you have never heard of. but indeed, we are a multinational company. we're headquartered in the netherlands. but sites worldwide, including here in the states, and we are a leading supplier in the semiconductor industry. this is the industry that manufactures the chips that are in our servers, in our ai forms, in in our laptops,

if you take that company and compare to it lvmh, in europe or other big companies they don't stand chanceandbag business raise prices, has she looked at prices on handbags? has nothing to do with market positives, everything with you know 20 influencer saying what kind of bag you want to wear, so preposterous, by the way, she losses in court over and over and over. because her cases are not well thought out lost that i'm on a rant about nina she as i dangerous person, a typically ideologue part of the biden white house. cheryl: again, the journal points this out if this what is the business community is looking at is ftc what they've done, this goes back to election, everybody. don't miss a first on fox interview tomorrow fox business going to sit down with federal reserve bank new york president john williams 8:30 a.m. eastern time tomorrow you are watching "mornings with maria" live on fox business. . ♪ , like the room is on, if you feel happiness ♪ . mic broub on motivation is to move from expect a hill no, you know, jana governor mansion will hunter biden be sentenceded to prison time

asml became beeurope's second largest company surpassing lvmh in market value for the first time.his after the report that the company's cfo was positive about strong orders coming from its biggest client, that being tsmc. asml targeted sales between 30 billion euro and 40 billion euro in 2025 citing stronger demand for chips used in smartphones as well as in a.i. asml this year alone has gone up 42%. the meteoric rise with nvidia up 52% so far this year. >>> but all the focus on the ecb. we are counting down to the central bank's first rate cut since 2019. annette is joining us with a special guest and what is happening for today and the future. >> reporter: that is right. we get the first rate cut since 2019. most likely is a 25-basis point cut. the key is what rate trajectory are we in for? is the ecb committed to cut forcefully orwhat does it look at in setting the rate path going forward? i'm happy and glad to be joined by vitor constancio. good morning, sir. >> good morning, annette. >> reporter: let me look at what we were just discussing the rate path after today's rate cu

find a market leader across europe yes, fine, you look at novo nordisk and you think to yourself, lvmhnd the granolas as a whole where would you find direction in europe? this is where you need to invest if i'm not from europe and i'm looking to europe and looking to get in right now, where does one go >> well, i think just in general, there's the european outlook is slightly more favorable than last year i think if we look -- >> that is looking at isolation, not comparing to china or the u.s. that would give you a distorted view. >> that's true if we compare the eurozone and european economy compared to the u.s., that is under performance. our view this year is we will see a bit of a convergence and actually if we look at the european economy, say to relative to last year, there is a lot of scope to the upside f. we look at the u.s., strong growth there last year, we are seeing signs of deterioration that convergence should be good for european assets in general >> any sectors you are looking at specifically? >> not particularly. as a currency company, we take a broader view on market

. >> tell us about lvmh and how he built the empire. i was surprised that it was 75 brands.ot of them might be recognizable. they might not know the name but they know dior, louis vuitton, beaudry, tiffany & co. they bought during the pandemic. it is a massive conglomerate in all elements of luxury and high end travel and watches, fashion. he has really taken, unlike the tech titans who invented the future he has taken elements of european tradition in the past and brought them all over the world. >> he must have a gorgeous wardrobe, one has to imagine. tell me about what is next because not done shopping yet. brad: just today they announced an acquisition of a high end swiss intricate clockmaker. we reported in the story that he has acquired a small personal stake in the owner of cartier. it is significant because this is how he has operated over the past few decades. he is not the founder. he is an incredible operator who has an amazing vision for luxury. but he has acquired all of the brands and brought them forward in two loma ridge and it has started with these small st

we are talking about l'oreal and lvmh being more shielded from the volatility in the french stocks lookingt the election forward. now looking at the bond market, french spreads to german bunds to 77 basis points which is the widest since 2019 over the concern of public finances. current debt to gdp is 110%. there was the reason we saw one of the downgrades from s&p recently. this is expected to go up to 2027 in the current scenario. if you had a scenario of a hung parliament according to goldman sachs, this would go up to 116%. if you had the far right coming into power, this would come up 120%. what we expect is this continues and we should see the spread continue and the volatility in the stocks continue and we don't have a clear picture of what the election means in three weeks. >> charlotte, what an interesting picture you painted for us. thank you. let's unpack it more with ben who is the model of portfolio services at invesco. ben, you are not worried by that. you perhaps think it is a little oversold and there will be a recovery in the local stocks, so to speak. >> always a touch of

>> just became the second largest in the efy today, lvmh.harles: then of course the majority is in the financial sector, industrials and technology. those seem to be the places you want to be anyway? >> especially over in europe. remember our economy, at the margin is surprised to the downside. their economy is surprising to the upside. the ecb will cut rates this is week. that is good for financials, good for consumers, good for consumers. this is is e-fa is another one for folks listening at home. who need the symbol. >> this is up 8% year-to-date. if you strip nvidia out much, the s&p is up 8%. charles: someone say if you strip novo out, we don't want to play that game. you obviously see really great -- i did like this idea too. >> yeah. charles: talk about this, io, obviously we know all of the names here, microsofts, apples, nvidias, amazons of the world. 39, 40% technology. you okay with that weighting for right now? >> here is my thesis here. a.i. is very good but also very expensive. if you look at the earning picture, vast majority

now it beat out luxury maker lvmh for that second spot on the list.t's the company that sells, like louis vuitton and dom perignon. they couldn't quite beat out the most valuable company in europe because that's novo nordisk. you know what they make ozempic. well, this weekend on our program press here, i'm going to talk with an asml leader about the growth of the company here in silicon valley. this is the second most valuable company in europe. i believe it's a dutch company. right. but i don't think most people rafe, have ever heard of it. right. so we like to think of ourselves as the most important technology company that you have never heard of. but indeed, we are a multinational company. we're headquartered in the netherlands. but sites worldwide, including here in the states, we'll take a deeper look at that on press here right after meet the press sunday morning at nine on nbc bay area. we'll also talk to a mystery writer, a murder writer who sets his murder at wikipedia or the equivalent online. and, you know, you know, it's a murder on the

so putting light to print on silicon, it beat out luxury goods maker lvmh for the second spot. that's the company that sells like louis vuitton and dom perignon. now they couldn't quite beat out the most valuable company in europe, novo nordisk, because that makes ozempic. now, this weekend on our program press, here, we talk with an asml leader about the growth of the company in silicon valley. this is the second most valuable company in europe. i believe it's a dutch company, right. but i don't think most people, rafe, have ever heard of it. right. so we like to think of ourselves as the most important technology company that you have never heard of. but indeed, we are a multinational company. we're headquartered in the netherlands. but sites worldwide, including here in the states. so that'll be sunday morning at nine, right after meet the press on nbc bay area. the company says, yeah, we don't care if nobody knows who we are. we're we're practically printing money. and they've got a thousand employees here in san jose. wow. that's that's a lot of people. and they're hiring.

as for lvmh, shares have fallen over the past month on concerns of a slowdown in luxury sales. u.s.ether a deal microsoft struck with ai startup inflection may have been structured to avoid scrutiny. that is according to the wall street journal. in march microsoft agreed to pay the start of $650 million to license its ai software. this coming after the u.s. company moved to higher much of inflection staff. the wall street journal saying the ftc is now seeking information about how the tech giant negotiated that partnership. new york governor kathy hochul pausing the states first in the nation can jesting pricing plan indefinitely. it is a stunning reversal for kathy hochul who just weeks ago tout of the plan as a way to reduce traffic. the program is set to roll out later this month with almost all of tool systems installed. the program was expected to raise $1 billion annually to help modernize new york city mass transit. jonathan: more on that story at about 7:30. bramo's thoughts just around the corner. coming up, the labor market softening. >> what we have to keep in mind is the

this year, as you know, i imagine one of your big competitors in life, lvmh is one of the major sponsorsakes to sort of evaluate above what are dozens of brands, all competing for attention? >> well, we want to tell a story about our country, but we also want to make sure that it is affordable and yet, we have to keep the quality and the craftsmanship at the highest level. and we polo, we're able to do that. the idea of polo started with my dad in 1967. he had never been to a polo match, but he loved the spirit of sportsmanship and the elegance and the sporty lifestyle on and off the field. and he called it polo. he could have called it payable, and he joked about it, that's what he was thinking, i'm going to call it baseball. so sports and ralph lauren are synonymous since the very inception of the company. as companies have started to enter into the sporting lifestyle and that fray, our leadership is secure. we're doing things that we really think tell a story that's authentic to our company. because that's who we are and how we started. >> ralph lauren is, of course, an official outfi

. >> we have addition, we have w, we have our partnership with lvmh for the bull garry brand, which just>> the business traveler, how important is business traveler to high end luxury, and how much of that is consumer? >> yeah, so business travel is the tortoise in the tortoise and hare of recovery. you almost have to look at the business traveler in two buckets. small and medium-sized business recovered to pre-pandemic levels years ago. the big multinationals have been slower, but neeven in q1 we saw globally 1% increase in revenue available per room and business transient. it depends on the business where they land in the quality tiers. >> was there a time when you didn't rent -- there were rooms available, but you didn't rent them because you couldn't staff the hotel to the level that you -- >> i think it was less about staffing and more about in the early days of the pandemic unfolding. we had a quarter of our portfolio shuttered. we had a big chunk of the portfolio running single digit occupancy, and so if you're in those sorts of dire circumstances, you're probably only operating a

dani: i feel some of the impact to ensure companies, lvmh down since the election. hermes down since the election. surely some of the babies have been thrown out with the bathwater. in stash and something like luxury will not be impacted by political upheaval. beata: absolutely. most of the revenue coming for their luxury spaces coming from a broad source. we have had the market reaction to setting everything french last week. but a caveat is that actually cac 40, the french index, tends to be more volatile overall into the elections or after local elections and other developed market indexes. but, of course, we have had a very eccentric risk scenario for the markets there. now, on luxury, it has been underperforming for the last month or two, right? after doing very well at the start of the year when markets narrowed. we have downgraded. we are neutral now. we worry about disappointments from the china story. it is still robust, but less robust than we thought. of course, the weakness out of the consumer in the u.s. that you have been touching upon. annmarie: follo