richemont up 16%.hey are seeing a very, very strong day, but all in all, that is providing momentum to all of the luxury names. lvmh is up 16%. christian dior up 15% here. why? richemont reported 10% increase in third quarter with sales and flagging strong performance at the key ewelry division, but warning the demand is still challenging. of course, charlotte reed has been looking at the numbers. charlotte, what is driving the momentum for richemont? >> that someone of is one of thy plays reporting. one of the stocks in the green. q3 sales up 10%. it is the highest ever quarterly sales at 6.2 billion euro. it is across the board from different regions. in america, up 22%. again, the market is being closely watched because a lot of analysts expect the first green shoots with the luxury market there and this is reflected here. europe is resilient. sales up 19%. not just the tourist and north america, but higher domestic demand. very interesting to see that. middle eastern africa up 12%. asia is difficul

richemont shares up 15%. christian dior up 10%.signal for the european sector. >>> coming up on "worldwide exchange," the one word every investor needs to know. >>> taiwan semi shares ticking off with the largest chipmaker with quarterly results. we'll have much more after the break. stay with us. is a bitcoin etf the same as owning bitcoin directly? while bitcoin etfs might offer a familiar face, they lack the true ownership and flexibility of directly investing in bitcoin. with itrustcapital you can buy and sell real bitcoin 24/ 7 with the tax advantages of an ira. real bitcoin means no middleman, no restricted stock market hours. choose the path of direct bitcoin investment with itrustcapital because access equals opportunity. invest in bitcoin at itrustcapital.com today. there are some feelings you can get with any sportsbook. ohhh! the highs! no, no, no. the no, no, noooos - oooooooo! the oh, oh, ohhhhs! now whatcha wanna do with this? but the feeling that, no matter what, you're taken care of. ohhh, i just earned a hotel suit

that stock gaining some ground a little bit today after that big decline on tuesday, burberry and richemonty right now is the shining the brightest right after the election, there was a clear winner and i think it. >> brings clarity and. probably a. >> greater consumer. >> confidence. which we need. to you need that feel good. >> factor to. >> succeed in the luxury world. now, one concern is we've all been talking about is tariffs. although lvmh ceo is telling me u.s. consumers, because they're so wealthy and they travel, might just buy their bling. in europe. we have the opportunity to cater to clients that are basically across the world and travel across the world as well. so if they buy a piece in the us or they buy a piece in europe, it's the same for us. >> so one of the reasons europe is so strong right now, for lvmh and others, is that it's the americans that are traveling there and buying goods there. so that's lifting europe. so that's add that on to the us sales and you get the americans replacing the chinese as the big drivers of luxury. now the question is how long can that cont

have seen investor sentiment improve off the back of better-than-expected earnings, notably from richemontrberry and the has upped the ante for tomorrow's report from lvmh. we are expecting organic revenue declined to slow in the key fashion and leather goods segment, with the man starting to come through from the u.s. this year most growth is expected to come from the u.s. while we expect china to remain weak going further into the air. given lvmh is one of the most exposed to north america, it is well-positioned to benefit from the rebound in that region. tom: u.s. bank earnings performed topline very well. how much is there a mirror effect in european bank earnings? deutsche bank reporting this week, nordea, seb. >> 2025 is gearing up to be a pivotal year for european banks. we have seen the share rally of over 75% the past two and a half years. that is defied monetary easing but going forward we see more estimate cost of the year ahead which is threatening to derail that progress. having said that, some top results from u.s. bank so far suggest positive momentum particularly for deutsc

of the numbers, some of the results that we've seen from other luxury players recently, including richemonti and also even burberry, last week, some people had hiked a bit their expectations when it came to lvmh numbers and what they did beat a little bit expectation. they were not as good as expected as some of their rivals, and that's why we see this negative response there on the stock market. so here again, looking at the regions, as we were just saying, china is improving but still difficult. the us up 3% in q4. and bernard arnault speaking yesterday talking about a wave of optimism for that market. europe resilient up 4%. but some concerns around lvmh is also around the fashion and leather division. that makes the bulk of the profit for them there. the sell was still down 1% in q4. they were down 5% in q3. so here again, a recovery, but not quite out of the woods yet. wine and spirits a deterioration there down 8%. cognac still being particularly difficult even though champagne is doing better. watches and jewelry up 3%. it was the best quarter in the year, again showing that maybe so

well you remember last week richemont reported. >> numbers are better than. >> expected, particularlyks to. >> the appetite from the american consumer. >> for luxury. and that is exactly a similar story here. the americas up 4%. in q3 for burberry to give them a little bit of a festive boost there. and of course, in burberry, there's also the problem. >> of the. >> reliance that they have. >> on china. we know they've been. >> suffering from the slowdown. >> in that region and. >> they're things are still a little bit tricky. >> down 9% in asia pacific. but compared to q2, it was down 28% at the time. so it looks like things may be stabilizing in that region. and that. >> is what the. >> cfo was saying this morning on the call, saying that there are. >> signs of. >> stabilization for demand from the chinese consumer there. europe down 2%. but again, that comes from down 10% in q2. >> so overall. maybe signs that there is a bit of a. >> recovery when it comes to luxury demand. but also what's interesting at burberry is of course, it is a turnaround story. they brought in a new manageme

we saw richemont which had a very big quarter relative. >> to expectations relative. >> to any of thed i think lvmh. >> just got too cheap. >> yeah. >> all right. career. taking a leg lower after president trump called on saudi arabia and opec to lower prices at the world economic forum earlier today. for more on energy policy and trump 2.0, let's bring in paul sankey of sankey research. paul, great to have you with us. it's interesting to hear president trump and, you know, we had joe lavorgna on before who, you know, would identify with president trump in terms of policies. i believe that lower oil prices are very, very important when under the trump administration, it is almost taken for granted that he will be harder on sanctions when it comes to places like iran and venezuela. and that would mean higher prices, ultimately, that canadian tariffs would mean higher prices ultimately. do you think oil prices will go higher? what are the drivers in your view? >> well, i think, you know, as of about labor day last year, we got concerned about the oil market. and the obvious problem was

think about these luxury stocks lvmh, hermes, richemont.d terrible, terrible numbers and they didn't make new lows on it. they've all bottomed over the last 3 or 4 months. and i think the reality of this business is things don't bottom on good news. if things bottomed on good news, it'd be easy things bottom on bad news. you have to recognize when stocks become resilient to it. and you're seeing that all throughout europe here. >> i would only say like what role though does china play in in a turnaround in those stocks. i think there's still a lot of pessimism about what's happening in china. >> yeah. and i mean, it's another place where the outflows are pretty pronounced. so the sentiment or the cushion is probably much larger in those places than it is here, where i think the margin for error in the us, well, while everything still looks okay, the margin for error is probably smaller because sentiment is certainly more robust than we're seeing in other parts of the world. but this turn in europe, we're having a hard time convincing people

so the jewelry side and we saw it at cartier with richemont been very strong. >> but how much of it hasat they're selling for? >> tiffany. absolutely. they went up market. but if you look at the bulgari, you look at the rest of the group watches. there's just been this burst of demand by the american wealthy. not surprising what we've seen with stock markets and just the general optimism. but everyone thought luxury was going to go through this multiyear recession, and it was certainly bad last year. now everyone's saying it's over. >> how much of that is a crypto function of crypto? because honestly, the crypto bros, if you will have been the watch buyers. >> they're important and they're back. and when i talked to the watch buyer, we look at pre-owned, especially pre-owned watches, rolex, patek, all that stuff. they're back and the crypto people are in that market. >> okay robert frank thank you. >> thank you guys. >> all right rick santelli is standing by at the cme in chicago. he's got some breaking inflation data that we've been waiting for rick. ahead of that we are looking at the

richemont and burberry numbers of recent weeks. >> you're supposed to be doing okay, i will tell you i don't know what's happened to wine. could could be chad, but they're playing for the month of january and wine's plummeting. wine is collapsing. >> it is. whiskey is collapsing. you can buy. yeah. it's a great time to be a buyer of wine. >> why? if i'm honest, i would say even next week is going to be better. >> if you. it may be, but if you like to drink it, it's. it's probably a good time to be buying some wine. >> you like to drink it. okay. well that's interesting. >> isn't that fascinating? >> well, i mean, you've given me this alonso, the guy who played for the guy. didn't he play for the miami? i don't know who. alonso. >> alonzo mourning. >> no. alonzo mourning. yes. pete alonso. >> the first baseman for the. >> new york mets. okay, okay. i don't know what. you know damn well who he is. i like i thought we did. >> beat your phillies. >> i thought the cuervo paid for watching that. >> i mean, you may have a big game coming up for another philadelphia team because you guys are