most important, signet is to scale. the company is four times as large as the next competitors to combine. it gives them this ability to do in-depth consumer studies. put it altogether, you got a jewelry company perfectly positioned to take market share from so many of the smaller mom and pop competitors, plus, because people still want to buy the expensive jewelry, right, you got to try it on. or like, if you are there, you are trying to sneak it and whatever, trut me. signet doesn't have to worry about someone like amazon coming in and wrecking the business. it's way to ricky to buy a wedding ring, i'm sure people do it. you want to know how protected this company is? the largest online jewelry retailer blue nile is opening bricks and mortar stores to bolster sales. it's not just the u.s., the number one jewelry in u.k. and canada, why am i recommending it up here 3 points from the all time high? i think it has more ram to run. the start of the holiday season, the company generates roughly half of the annual earnings.

mike: angus blair from the signet dude. -- from the signet institute.next on television and bloomberg surveillance continues on radio with me and francine. ons is surveillance television your tablet and bloomberg.com. up -- mark coming weber ♪ >> argentina making history for the first time. the presidential election goes to a runoff. expect more market friendly policies. guru wouldertising rebrand troubled companies and presidential candidates. stephanie: welcome to bloomberg go. david: we have a big program. kershner.a, lewis stephanie: we will be talking about valiant. a pharmaceutical company that cannot get out of the news. they added a member of the board from the activist investor behind them. david: they had the department of

watching signet and some of the other names. thank you.gain. >> thank you very much. >> i'm a middle child, brian, so i'm not sure what that says about me. >> are you really? >> i am. >> what's that like? i'm an only child which is pretty obvious. you're number one to us, melissa. >> that's so sweet, brian. my heart is touched. time now to reveal today's mystery chart. here it is again. the best performing midcap stock this year and it is sketchers u. 150%. let's bring in corinna. it's sort of taking advantage of these great trends going on right now in terms of athletic ware and athleisure. >> it's a very powerful trend, particularly in the u.s. and now growing internationally. we're starting to see nike at a premium price really blow out that market which is opening up space we think at the lower tier for companies like under armour and skechers to participate. >> is skechers competing against an under armour. >> it's a lower income consumer. it's somebody who is shopping for value, not particularly for brand. >> i feel like skechers is

. >> well, again, to repeat, we are signet importers of crude oil. we are importers of crude oil. and we are major exporters of oil products. the, so the issue is for example if i take the mexico situation, there, as i said earlier, the congress approved a swap for light for heavy. so it was a question of grade. in this case, because the mexican refineries are quite short of light, of light oil. so that's a case where there was a good match between, between a swap, okay? but also, as i said earlier, the reality is, in terms of the big picture, the current oil market analysis does not suggest that there is an inability, for example, of the american refining system to handle the light oil. at least at today's production levels. so, again, the eia analysis really requires season impact only when the production gets significantly larger. and you see that in terms of the spreads of the various prices. as far as price goes, by the way, it's again worth repeating, another eia result of i forget, maybe six months ago, part of the series of five that the congress requested, and that it sho

treasury said to the big firms takinge to demonstrate capital because we have to make sure it's not signeted and john said we will take it and we understand the need and we money to d lever. there was some pushback in a meeting. many did not want to take it. especially on the west coast. hank paulson said if you don't take his money and you get in trouble, i will punish you. when he said that, i signed it. i don't want to be punished. david: how did you lead through this crisis? what can other people learn from this. ? >> you have to communicate with employees. i walked the floor and talks to people. i would have lunch with the traders and sit in the financing room and try to keep it light and make sure they know that i feel pretty good about it so they should. i did everything. when i got in the business, the vietnam war had just finished. i'll never forget sitting across from a captain of the marine corps and he was stressed about his family and financials and how he will make it with a new baby. i said to him, how do you live with this stress? he says this is not stress. he said stress