a used louis vuitton teddy bear is all yours for 32,000 euros. what does that tell us about the consumer? tweet me @cvpayne. is the consumer that strong? kristin bentz will join us at 2:45. offering information not available to us, including gobs of money they made before the pandemic and after the pandemic this is how i really want to share this with you, folks. i want to hear from you, tweet me @cvpayne. i'm tired of it. it has got to end. we have to speak up. all that and so much more on "making money." ♪. charles: all right, so the market is higher today, at least it was higher today, right? it came out the gate higher and it was really odd because think about this, right? this whole week there has been this weird switcheroo for at least momentarily good news is good news. case in point, we had initial jobless claims this morning, right? they actually went down. the fed wants the number to go up. they want the number to rocket higher. last week was revised lower. until the number this really goes up the federal reserve will continue to pound

and louis vuitton is one of the best brand builders and that and interjecting it.y, important specially as the consumer goes out again. louis vuitton is the second biggest market cap company in europe and very diversified. about 20% of the business is sephora. it's a global butte concept. if anyone shopped at sephora is magical and lots of fun >> how is luxury fared in past recessions one could argue we're maybe not a recession at this point or at the early stages of a recession and haven't fully felt the impact of the fed's rate hikes yet, and i'm wondering what sort of the path of the stocks have been in the past >> yeah. the luxury companies are much better prepared coming out of 2008 in terms of managing variable expenses. also, we're somewhat selective in terms of liking brands that are appealing to generation z and millen nalls not all luxuries are great ideas in our opinion those are key things to watch and managing these, penses have been better and healthier. what we are watching cautiously optimistically is housing, the valuation of real estate, also cons

>> who knows, she may have been smuggling drugs in her new louis vuitton suitcase and not even known> and the final act of that story? sandra found out about the drug ring, and was killed before she could go to the police. but that was just a rumor in a sea of rumors. police didn't seem any closer to finding sandra's killer, whoever it was. the case grew colder with each passing year. larry still thought darren killed sandra, and it seemed wherever larry went on this small island, there he was. >> this is the house there with the boat and truck in there. it's not easy going by here and knowing that he's still running free. we've -- we've got to get this case solved. >> on this day, larry and sandra's mom toshie had to see darren at grandson austin's little league game. that's darren on the field coaching. and in the dugout with his girlfriend cherrine, a woman he'd known since before sandra's murder. and it was at this point, 2009, three years after sandra's murder, when larry felt the time had come for him to go from investigator to avenger. he was seriously thinking about killing d

the owner of the we vuitton and christian dior reported third-quarter sales up 22% on an organic basistel is planning job cuts possibly in the thousands as it looks to cope with weakening demand for personal computers. the layoffs could be announced this month at the same time as third-quarter earnings. that's your bloomberg business flash. tom: alice, thank you. credibility at risk. andrew bailey's pledge to end guilt buying sends markets tumbling, before an ft report suggests otherwise giving sterling a boost in these markets. trading up 1.10, gilt yields unchanged on the two-year, we will keep across this story throughout the sour. this is bloomberg. ♪ tom: welcome back. it is the boe bamboozle, the redhead, a spokesperson saying the bond buying scheme will end on friday. pushing back on reporting in the financial times suggesting boe officials had suggested there had been conversations about extending it. the spokesperson saying the bond buying scheme will still end on friday. let's check on these gilts. yields up one basis point at the front end, the 10-year up four basis points.

bracelets to my career louis vuitton bags prada glasses dior and gucci sneakers even slates totaling 3 million .

louis vuitton was roughly flat. clear bifurcation i expect to see this time around, which is the stronger brands will whether through the crisis much better than the weaker, smaller brands which may find it harder to break through. guy: is this an opportunity for stronger brands to grow? you see it everywhere, we are seeing these companies branching out. they are doing watches. they are doing jewelry. is this an opportunity? swetha: absolutely. if we look at the homers category, which exploded with the pandemic and people spending more time in their homes or second homes, that is a category where luxury brands have been trying to get into. prada selling yoga mats. these brands are expanding from their core competence and becoming more lifestyle brands. it is remarkable, hermes, is selling more watches than standalone independent watch brands. alix: quantitative easing was really good for the top 1%, a.k.a. really good for luxury brands. but if we go to quantitative tightening, the theory goes that that should hurt t

ltma owner of louis vuitton is up.ent in the face of higher prices. they are revenge spending from all the time spent inside during the pandemic. >> revenge spending. i haven't heard it put that way but it makes sense. >> meantime, you have survival spending on the lower end of the spectrum. paycheck to paycheck customers are trading down what kind of products they're buying because of inflation. what are you seeing? >> there's a gap between wealthier customers and lower income customers. lower income customers are spending more on groceries, gas and rent. grocery prices up 13% last year. highest rate of inflation. even if lower income shoppers are seeing a little bit more money in their paycheck, it's being wiped out by inflation. these customers are trading down shopping more at dollar stores and discount stores. walmart said they're switching from buying a gallon of milk to a half gallon. they're pulling back on the big ticket items. >> the ceo of craft said they're making sure they have a lot of different sizes of

you look at lvmv, louis vuitton, if you can afford a louis vuitton purse, you're okay.ere he robust yesterday. am zone's prime day -- amazon's prime day was a complete flop, down 23% from june. maria: this was the 48 hour prime day. >> yeah, yeah. so they kind of tried to double dip on that, see if it could have a magical effect on that. it didn't work. consumers were focused on buying pantry items and low end gifts. they weren't buying laptops, they weren't buying phones. they. >>> weren't buying any high ticket et items. maria: that stock, amazon down 30% year-to-date. how do you connect the dots with valuations right now? if you're looking at a consumer that is beginning to get stretched, profits that we're expecting to see an impact from higher inflation, what do you do in terms of investing? >> it means that valuations are likely too high. if we look at 2023 earnings, they're still baking in over 7% growth which means that we're really not pricing in a recession into that earnings number and if we even look under the surface thinking about the consumer, the expecta

expert in clothing, but i noticed that he was not very military, i suspect that it was some louis vuittoneral million rubles, yes well, i think that those things cost him time, they cost a lot of money, like the jacket he was wearing when he performed there, when the concert was huge, they organized some kind of thing, it's like he pulled some kind of sweatshirt on himself, that's what it is like in soviet times, i don't think they look like in soviet times wore of all these uh leaders uh and yes yes and especially for putin but why is it like that who knows him, vladimir, what do you think uh, he went to the training ground somewhere on the front lines to cheer up his newly mobilized uh fighters putin, i doubt it, i even doubt that it was somewhere in the range of any means of a missile attack there, that is, it is grossly classified and i would be there, it was probably released with the keys, only excluded from his disguised bodyguards, because we know very well that to communicate and show in fact, he is very afraid of himself, the public, the public, and again, you rightly emphasized

career bracelets for me louis vuitton bags prada glasses dior and gucci sneakers even slates rmes totaling 3 million. all this was confiscated by sheremetyevo customs officers from a passenger from istanbul who forgot to pay a duty of almost 600,000 rubles. and this is another illegal factory with branded accessories. here are 4 watches all with the tourbion mechanism, the customs value of goods amounted to almost 32 million rubles. unpaid customs payments over 10 million rubles. this is how buyers work, ready to bring any goods to russia to order. and before, they didn’t lure customers with the price of sneakers that cost $ 47, the quality is indistinguishable from what you can now buy in our country in a boutique for 40,000 rubles. now, after the departure of a number of brands from russia, they are lured by the very opportunity to buy a thing of interest. arina bayer from vietnam says her task search in local stores need the customer. goods buyers communicate. with her in social networks they see there, reports on the search for clothes. i go to branded stores, i shoot something, that t

but the cartier bracelets seized from bayer from istanbul, belts, louis vuitton bags, prada glasses,ra gucci sneakers and even ernes slates. cost 3 million in the case of a few minutes of goods e, an examination is being carried out on their goods and, as a result of unpaid payments, either administrative or criminal liability occurs. marina glebova rem with experience from moscow , she turned a successful business in selecting things for others into creating her own line of clothes for children. now she often uses the services of buyers herself and knows how to identify an unscrupulous supplier. you look at the number of subscribers, and in general, and these are old people and stories, and their instagram is also old, that is, it’s clear that the showrooms are new. i am now i’m unlikely to order, yes, about which we are two or two there. two positions, etc. i won’t answer if they don’t answer me in direct from this page. yes who do i buy in some other alternative, therefore, just here on guard for control. you keep everything clearly normal and completely legal, if they do not sell

. >> laura: sadly, sweet home louis vuitton when they took all those purses.ey didn't pick some of them. they knew that the styles they wanted. >> you don't want last season. >> laura: no. we want the multicolored. >> in the midst of this enormous hurricane in florida and our hearts and prayers are with our friends there, joe biden created another big effing deal during a conversation. >> no one [bleep] with biden? >> no one? russia, south korea, opec, jill, at least her body. i don't know what he's talking about. >> laura: raymond, great to see you. things are bad for the democrats would even al sharpton who starts to make a little bit of sense. that's next. getting hearing aids can be. that's why i founded lively. affordable, high-quality hearing aids with all of the features you need, and none of the hassle. i use lively hearing aids and it's been wonderful. it's so light and so small but it's a fraction of the cost of the other devices. they cost thousands less. it's insanely user friendly. you take the hearing test online, the doctor programs in the setti

. >> your father saw you louis vuitton. >> what i heard, his son's life, hunter, my daddy would not have. >> this stuff you talked about in your book, and i want to take full advantage, something you talk about crt making them question themselves, can you talk about black lives matter? didn't necessarily get the money because they believed, it was guilt and they just wanted to feel good about themselves. >> it's virtue signaling. george floyd, everybody felt bad abouton it. they really think they were responsible. you have a rich parents who grew up in the child into the bag and said we didn't raise them right. a lot of these liberals have such a complex that they actually believe they have control over our lives and because we didn't turn out well, they can change. the white liberal tell me it would do well if they just cut them off the neck. he said -- he looked at me like you've never seen this. >> it's a human being. >> you have a lot of liberals sayav that, we have to do more. but there are also a lot of them who understand what they are doing -- it's control. >> you don't think the

but the cartier bracelets seized from bayer from istanbul, belts, louis vuitton bags, prada glasses,cci sneakers, and even ernes slates, generally cost 3 million. in the case of several goods. e, an examination is carried out by evaluating goods on them and according to the results unpaid payments result in either administrative or criminal liability. marina glebova beyer, an experienced moscow-based woman, has turned a successful business of picking things for others into creating her own line of clothes for children. now she often uses the services of bars herself and knows how to identify unscrupulous suppliers of the number of subscribers, and in general, and these are old people. and their instagram stories are also old, that is, it is clear that the new showrooms. i’m unlikely to order now , yes, which we are there two two two positions some and so on i will not answer if they answer me in direct , not from this page. yes who do i buy from with some other alternative, therefore, just here on guard on control you keep everything clearly and normally, it is quite legal if they do

outlets . will end until next january, let me remind you that sefara, which belongs to the louis vuitton mid-henesis group, suspended its network in russia in march in july, the french press agency reported that the french company will transfer all 88 boutiques to the regional director. and at the end of the issue, let me remind you of the exchange rate for today, the dollar is 61 rubles. 24 kop. euro 597, and that's all for now. mobilized fighters from the angara region are undergoing combat coordination in the training centers of the novosibirsk and kemerovo regions, they also went there to doctors from irkutsk, they conduct medical examinations of the mobilized, they live in the military in tent camps, natalya salnikova found out how everything works. yes, so as not to forget the training center of the higher military command school on its territory apart. a tent city of tents spread out. it has already exceeded a hundred here, and new ones are constantly being built and mobilized from residents from different cities. siberia now let's see vitaly from irkutsk shows how he settled down

they dropped the burberry, they keep the louis vuitton. guy: what brands are at risk?a: it would be burberry, anybody who is really turning around. product, although that seems to have momentum -- prada, although that seems to have momentum. any of the brands outside the blockbusters. guy: andrea felsted. we are going sleek, we are going minimalist. that appears to be the way we are going. it is may be a reflection of what is happening with the macro story. we are wrapping up markets in europe. a bit of stabilization into dollar-yen right now. these are the final numbers on the week for european major equity markets. let me change this board up a bit and see what is -- see what has happened during the auction. have had a little bit of movement. i would argue the assets on the move are more fx-related. not much reaction, just a drift sideways during the auction. tune into the cable at the top of the hour. we have a lot to discuss today. obviously the political situation as it develops. we are continuing to watch what happens at westminster. we have this huge move in dol

vuitton or some other story wouldn't be -- >> he would be -- >> he would be so hurt. when i heard that president biden's son -- they got together, my daddy would have call ed a ride to my house. what was this? >> the stuff you talk about in your book, i want to take full advantage this hour we have, something you talked about crt making white people feel guilty and questioning themselves and black lives matter, they didn't necessarily give the money because they believed in the cause, it was guilt. they didn't care how they spent the money, they wanted to feel good about themselves. >> that is all it is, virtue signaling, george floyd, everybody feeling bad about it but somewhere in the white liberal mind they think they were responsible for being white, like their children, you have a big rich parent the grew up in the child ended up bad, didn't raise them right and a lot of these rich liberals have such a messiah complex that they actually believe they have control over our lives and because we didn't turn out well they can change it. i had a white liberal told me t

when on caring around a little yard bag or louis vuitton bag.ner and i will bring him around the corner. who speaks this way? in public or private. people don't communicate in this manner, but apparently, this woman does. to your point, todd, i had to research biographies. it was not an article but much like that man who murdered a journalist in nevada. i had to research his party identification defined democrat. the headlines would be diff difficult. different. >> todd: she compared a human being, black child, no less to property. let that sink in for a moment. democrats are often the party associated with the roots of slavery. >> and used two racial slurs in spanish. i'm sorry, that does not absolve you. >> todd: correct. two wrongs don't make a right. >> kennedy: coming up supporters rushing to defend republican congressional candidate jennifer ruth green after political outing. her as a sexual assault survivor. that story is next. ♪ ♪ hey, i just got a text from my sister. you remember rick, her neighbor? sure, he's the 76-year-old guy who s

recessionary bifurcation with the top 10% are still holding up somewhat well if you look at louis vuittonterday sales were strong but the bottom 90% is really struggling and those are supposed to be the people biden is trying to help and is not doing a good job. maria: you're right that's the whole story of this economy his bad policies are impacting the people he claims to try to help but is actually hurting them with the 40 year high inflation more so than the rest of the population. >> of course when kj p, karine jean-pierre, shall say like we aired he's been very consistent, very clear whenever she does those tells all you poker players, she's the exact opposite where joe biden is doing the exact opposite of being clear and consistent. i say it when i'm on this program i'm not the money guy on the news guy but isn't slight recession sort of like being a little bit pregnant? maria: exactly. but two quarters of a recession, of contraction suddenly in this demonstration is not a recession a complete opposite for what we've known for decades, thank you very much everybody for that were ju

>> the louis vuitton bag. >> council member kevin de leon, he ran for mayor and the u.s.ations we set for our leaders. and today the mayor of l.a., the chamber of commerce, the teachers union all calling on nury martinez and two other council members to resign from the council completely. this audio tells us a couple of things. one, what some politicians are prepared to say in private when they don't think the world is listening. and also it speaks to the divisions amongst the leadership here in los angeles. nury martinez said this about the district attorney in l.a., who is a cuban-american. she said, ef that guy, he's with the blacks. wolf? >> nick watt reporting for us, thank you very much. we'll have more news, just ahead. all across the country, people are working hard to build a better future. so we're hard at work, helping them achieve financial eedom. we're invesng for our clients in the projects that power our economy. from the plains to the coasts, we help americans invest for their future. and help communities thrive. here, is cvs health. here, we'll never be t

. >> if your father site looting louis vuitton or some other story you would need law enforcement. when i heard joe biden with joe's wife and hunter said it on each other. folks know if there would have said that. i said what dhec was that? >> something you talked about fn your book i want to take full advantage of this hour we have with you. something you talked about crt making white people feel guilty and questioning themselves. and then you talk about black onlives matter. they did not miss a giveaway they believed in the cost it was guilt. they just want to feel good about themselves for. >> that is all it is virtual signaling. everybody's feeling bad about it. somewhere in this white liberal mind they think they are responsible. like you have a very rich parents that grip and the child and ended up bad. they're saying it's our fault we did not raise them right. a lot of these rich liberals have such a messiah complex they actually believe they have control over our lives and because we didn't turn out well they can change it. i had a white liberal tell me blackmail intoo weal

adopted black sign of another city council member a "little monkey" she also compared them to a louis vuitton he needed "a beat down" he was also heard making crude remarks about jewish people, armenians, and oaxacan immigrants. martinez has said and stepped down from her post and is taking a leave of absence from the council. the white house says that the president wants further action taken. >> he believes they all should resign, the language that was used and tolerated during that conversation was unacceptable, and it was appalling. they should all step down. >> kayleigh: i mean every racial group or ethnic group and then they go on. i mean the comparison to a child of a monkey, person, civil war statue, this is cruel it is disgusting, it is divisive and i've never heard anyone speak this way personally. >> michele: i hate to cut to the chase but virtue is not determined by your skin color or ethnicity. in other words, this woman's last name is martin is, i am hispanic, i do feel okay saying this. the majority in this group were latinos, and they were talking in horrific ways about arme ar

son to get used louis vuitton stuff, not pay whole price, the regular price. sarah, appreciate it.harles: want to bring in caruso insights president matt caruso. your take in general what we're seeing with the market. we've got enused to living with the extreme volatility. you made a note in most rise substack, trading fomo, fomo kills. what does that mean? >> hi, charles. i think we're entering a lot of opportunity in this market. we'll be seeing that. i think more of a professionals bull market. by that, 2020 was great, brought a lot of new people to the market. the idea where you chase stocks at any price will not work even if we develop new uptrends and new names and strong rotations internally. the that fomo, chasing intraday strength will be painful even if we enter an uptrend. charles: what will the new metrics be? what are we looking at? one of the things i've done a lot this year on this show segue away from starting with the income statement. now we're looking at balance sheets. we're looking at cash flow statements. what supersedes these things right now? you want to buy

you see numbers, louis vuitton.ven if people think a shopper will slow down next year which i don't the fact of the matter they collect rents. they own great real estate assets with limited leverage. simon property is a good buy. charles: so far between what the banks said this week this morning and last week, maybe the credit cards, maybe excess savings but we're still spending money. still going to the mall. >> our society doesn't need motivation to spend of the we need motivation to produce. charles: great stuff. david, appreciate it. thank you very much. of course we'll stay on the markets all show long including time again we'll stay on this topic perhaps of new leadership. also tesla, at a real key support point. having a great session today. but should you own it before wednesday's earnings. one of the names we're could having in chart school next. ♪ another busy day? of course - you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. w

i mean, sadly, it's sweet home louis vuitton. home and they went and took all those al l those purses.. i still remember whe n they went in for the purses, they actually didn't pick some of them. they knew the the stylesths they wanted. remember, they took yo y donu dt go one on the show, one last season. >> laurawe want the multicolor.n >>t and todayth, ine the midsd hear enormous hurricane, carnap in florida on our heartsts and prayers with our and praye s there, joe biden created another big effing joe deal durg a conversation with a mayor. >> liste n closely. >> i was no one else with a russia fs with south korea.ia, o i hope the opiate jillut and the easter bunny. know what he's talking about, but he's and i want to talk about>>u his plagiarism after them tora raymond, great to see you. to see you.emocra all right.ts you know, thingswo are bad for the democrats. even al sharpton starts to make a little bit of sense. >> that's next. why should every man try ageless male max? because it has ksm 66 ashwell gonda shown to help i

. >> if your father saw you eluding louis vuitton or some other store . you don't need law enforcement. >> when i heard that joe biden and his son beau's wife and hunter got together, i've been asked the board for a brother the right for miles? >> the stuff you talk about in your book and i want to take full advantage of this hour wehave with you . something you talk about crt making white people feel guilty and questioningstopped and you talk about black lives matter. they emdidn't necessarily get the money because they believed in the cause, it was still they just wanted to feel good about themselves . >> that's all it is is virtue signaling. george floyd, everybody's supposed to be mad about it and they really think they're responsible. like with their children. you have a rich parents that grew up and child and not bad and they're saying it's all powerful, we didn't raise them right and a lot of these rich liberals have such a ly messiah complex that they actually believe that they have control over our lives and because we didn't turn out well they c

. >> if father solute looting louis vuitton or some other store you wouldn't need a law enforcement. jesus, lord have mercy. when i heard joe biden, his son's life in his son hunter had gotten together said the glad they found each other. four brothers. >> no father would have said that. >> there something you talked about in your book i want to take full advantage of this hour we have a few. something you talked about crt making white people feel guilty and questioning themselves. your talk about black lives matter but they did not messily give the money because they believe in the cause. it was gilts. then in care how you spent the money they just want to feel good about themselves but. >> that's all it did is a virtual signaling. george floyd, what happened everybody's feeling bad about it. somewhere in this white liberal mind they really think they're responsible. like you have a very rich parents that grew up in ended bad and they say we didn't raise them right. a lot of his rich liberals have such aie messiah complex that ty actually believe that they have control over our live

. >> host: if your father saw you looting louis vuitton or some other store. >> guest: he would be so hurt. when i heard that joe biden, his son, bose wife and his son hunter got to get he said he's glad they found each other. i got half four brothers. my daddy would've called right to my house. >> host: no father would've said that. something you talked about in your book because i want to take full advantage of this hour we have with you, something you talked about crt making white people feel guilty and questioning themselves. and you talk about black lives matter. they didn't necessarily give them the money because they believe in the calls. it was guilt. in any case how do you -- they just want to feel good about themselves. >> guest: that's all it is. it's a virtual signaling. george floyd, what happened, everybody seemed bad about it and some in this white liberal mind they think they're responsible. like with their children, like you have a very rich parent that kind of grew up and the child ended up at anderson it's r fault we didn't raise them right. a lot of these rich libe

that's not kill all your mother and your father because if your father saw you looting louis vuitton,h my god. oh some other store. it wouldn't me know he'd be selling but don't need law enforcement what he'd be so hurt. jesus loan him mercy, he'd be you know, when i heard that when i heard that joe biden his son beau's wife and his son hunter. it got together. he said he's glad they found each other. i got half four brothers. so maybe my daddy would have called a ride to my house. no father would have said that. i was playing but something you talked about in your book because i want to take full advantage of this hour we have with you. it's something you talked about. crt making white people feel guilty and questioning themselves and you talk about black lives matter. they didn't necessarily give them money because they believed in the cause right? it was guilt right in any care. how do you spent the money they just wanted to feel good about themselves. yeah. that's all it is is virtual signaling, you know, george floyd. what happened? everybody's feeling bad about it and somewhere

the owner of louis vuitton and christian dior reported third-quarter earnings up 22%.lobal news, 24 hours a day and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm lisa mateo, this is bloomberg. ♪ >> i don't think there will be a recession but if so it will be slight. think about what has happened. we have done more and we are in a better position than any other major country in the world. jonathan: the president of the united states on cnn yesterday, a rough ride in this equity market with the s&p 500 down from the previous five days. yields on the u.s. 10 year are not changed. the gilt market, the two-year is down a basis point. the 30 year is up 25 basis points now. it was for 99 at the end of september. the bank of england operation says it will end in a couple of days time step pressure is building maybe to extend. lisa: if they did extend, what does that mean for their credibility and in terms of the pound? it suggests the market dysfunction has not been remedied and these tensions have not dealt with the