you always look different because you were the first woman or the first brown person the first Asian the first Indian the first person of color to lead a global luxury brand you’re always the first you’re always underestimated people don’t know exactly what you expect along with it comes the responsibility of making it easier for those who come after you so I feel a tremendous privilege tremendous sense of responsibility to make it easier so I don’t shy away from challenges and I always tell women who ask me for advice saying put your hand up for the most of job put your hand up for things that are challenging you know go in there and lean into ...
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violent protest is not protected peaceful protest is it’s against the law when violence occurs destroying property is not a peaceful protest it’s against the law vandalism trespassing breaking Windows shutting down campuses forcing the cancellation of classes and graduations none of this is a peaceful protest there’s the right to protest but not the right to cause chaos people have the right to get an education the right to get a degree the right to walk across a campus safely without fear of being attacked there should be no place on any campus no place in America for anti-Semitism or threats of violence against Jewish students as president I will always defend free speech and I will always be ...
I got it on good authority it’s oops I Did It Again have a look at this this is a 500 bit move in dollar Yen from the top to the bottom they have intervened again they spent we understand $ 57 billion this week that is pretty much what they did in 2022 Adam Posen was with us this morning from the Peterson Institute saying look this is like throwing peanuts at the gallery I’m paraphrasing go back to 2015 when the Yuan crashed a trillion dollars was spent on Intervention to protect that currency unilateral intervention in of itself he says will not work when it comes to the FED also Peterson Institute Adam Posen says they’ll never ...
do you dare to dream this man JP the Fed chair will he keep the dream alive that insurance rate cuts are still in the pipe are the disinflation narratives still strong enough what optionality is he going to buy himself we bring that to you throughout the day now the Traders are kinding down to this you’re looking at treasury’s the worst performance in 14 months in April does that mean that’s an opportunity for you to buy twos at over 5% are you strong enough to do that I’ll tell you what though you have not been to Starbucks no you haven’t the worst sales a rare sales drop right the way across the board um and we’re
Ireland now has no listed female CEOs on its Stock Exchange according to our analysis that means it’s the only country in the EU by the small state of Luxembourg to have no women at the top of listed companies that’s a blow for Ireland because it’s basically become known as this kind of poster child for social progress in recent decades that’s thanks to a rapid period of economic growth called the Celtic tiger and also the decline in influence of the Catholic church but but really this is about the bigger picture which is not much better across the whole of Europe even though Ireland might have zero CEOs most other EU countries have a handful while we
Amazon gave the AI story that investors wanted and that principally centers around AWS the market leader in Cloud the Run rate on an annual basis for cloud sales is $1 100 billion and this was a business that did 90 billion of sales in 2023 but they went a Step Beyond that saying specifically uh there is uh revenue from generative AI with a run rate in the multiple billions of dollars that all means some more spending though and Brian owski the CFO basically said capex in 2024 is going to have to increase meaningfully in the context of what’s required to support that AI growth you know the customer or demand narrative is really strong customers signing ...
what does $48 billion get you as a central bank we understand the bank of Japan has intervened we wait for official confirmation on that 5 a half trillion yen in other words buying Yen selling dollars well it achieved a purpose which was changing the narrative between dollar Yen but it didn’t just significantly change the direction of travel it’s going to take a lot more from the bank of Japan and the Ministry of Finance to finish that job off now when it comes to Tesa this is what we understand be careful how much emphasis you put on you know self-driving in China only a small portion we understand again more job cuts to come two senior