China Warning Pulls Mercedes Lower, Nike Rallies On New Boss | Bloomberg The Pulse 09/20/24

Nike has ousted its CEO John Donahoe, and is bringing company veteran, Elliott Hill, out of retirement to try and return the struggling brand to its glory days. Hill joined Nike in 1988 and served as president of consumer and marketplace before he retired in 2020. Shares of the athletic brand jumped in Friday's early session. Elsewhere, Mercedes-Benz Group shares fell the most in four years after a deepening slowdown in China prompted the world’s biggest luxury-car maker to cut its outlook. Today's guests: Beata Manthey, Citigroup; Andrew Kuper, Leapfrog Investments President & Co-Founder Chapters: 00:00:00 - Market check 00:02:20 - The Pulse with Francine Lacqua 00:04:01 - Traders betting Fed will deliver a strong landing 00:05:09 - Beata Manthey, Citigroup 00:11:14 - Nike names Elliott Hill as CEO 00:13:13 - UK retail sales data beat expectations 00:19:58 - Germany probes Commerzbank stake sale 00:21:09 - Headlines 00:21:57 - Hezbollah vows retaliations for blasts 00:24:47 - US urges against further Mideast escalation 00:27:39 - Oprah enlists A-listers for Kamala Harris Town Hall 00:31:16 - Andrew Kuper, Leapfrog Investments President & Co-Founder 00:39:47 - Mercedes shares slump after cutting outlook on China weakness -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts