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
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