that will be illustrated once again this week with richemont and burberry.is still in the middle of a brand revival initiative coinciding with slowing demand in luxury, so it doesn't bode particularly well for it, there is also self demand in china, so that puts it in a tough spot. richemont shares have been one of the biggest sector gain ers this year and they are effecting strong growth in the jewelry segment with cartier, with softer performance in the other segments because it is a tough year. that's the kind of divergence we're keeping in mind this week. tom: chloe with a nice set up in terms of the telecom earnings and the luxury front with richemont and burberry and focus later this week. a reminded the french president emmanuel macron himself will be speaking exclusively to bloomberg from the trees france summit. watch that interview with john micklethwait, bluebirds editor in chief, that's at 6:00 p.m. u.k. time. before that, don't miss out on our exclusive interview with the u.s. treasury secretary janet yellen, that conversation checking out at 30

we know it's been kind of a lost making investment there for richemont and down 1.5 billion loss due to discontinued operation to the deal they had with a collapse last year. they said they are in talks with several potential buyers and hope to be in the position to disclose more details by the end of this year. overall, numbers better than expected. the high-end luxury is quite resilient and received 5% shares and up 26% from this year. >> very interesting story here. as we said, the divergent in these luxury players. you speak about it as well. there are certain segments. i found it weird, speaking about that, perfumes that managed to move higher tho them. this one is particularly focusing in on things like diamonds, jewelry, all of that pushes a little bit higher as well. >> suddenly, very high-end resilient and we see the performance -- showing that. you mentioned perfumes. they announced this morning that they are creating a new roll for higher perfumes in beauty. a lot of luxury players are pushing this. maybe the bridge that buyers have been squeezed out because of inflation a

and then shares of richemont even after a decline in four quarter sales.ing comps and geopolitical uncertainty is the reason. >>> and still ahead on the show, the one word that could define the trading day ahead. but first, looking to recapture the 40,000 mark, what will it take for the index, the dow, to take it back over the milestone and what could power the next rally phase if there is one. 'lbeig bk. tamra, izzy, and emma... they respond to emails with phone calls... and they don't 'circle back', they're already there. they wear business sneakers and pad their keyboards with something that makes their clickety-clacking... clickety-clackier. but no one loves logistics as much as they do. you need tamra, izzy, and emma. they need a retirement plan. work with principal so we can help you with a retirement and benefits plan that's right for your team. let our expertise round out yours. >>> welcome back. time for your wex wrap-up. shares of reddit are soaring after they say they are teaming up with openai. as part of the deal reddit will offer certain feat

people have to understand why ri richemont sells well in china.sions there but you can buy the most expensive watch and show who you are. the new person running is, i happened to bump into an executive last week who had a gorgeous necklace on that i wanted very much for my wife. i said, geez, that's beautiful. where did you get that? she said van cleef. i said, okay. >> sorry. >> you ever go to bulgari? they have $450,000 necklaces. that sets you back. >> industrials, jim, cat's leading the dow. freeport is up there today as well. then dupont. >> i love that. dupont, my travel trust had a big position because ed breen, not just because he was from the neighboring school district because that's not enough, but i think that the stock is incredibly cheap. by the way, they had great numbers, but the dupont quarter was incredible. if you think they're electronics, they have plastic for electronics. i think they're in the sweet spot. it's a total turnaround situation, and ed breen, this could be his big cap on his amazing career. so i like the dupont ca