Trump Defends Tariff Plan & LVMH & ASML Shares Plunge | Daybreak: Europe 10/16/2024
October 16, 2024
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46:09Now PlayingTrump Defends Tariff Plan & LVMH & ASML Shares Plunge | Daybreak: Europe 10/16/2024
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as posted by the channelBloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins.
In today's show, Republican presidential candidate Donald Trump defended his plans to overhaul the US economy through dramatic tariff increases and more direct consultation with the Federal Reserve.
Elsewhere, LVMH’s sales of fashion and leather goods fell for the first time since the pandemic as the industry’s biggest player was hammered by a slump in demand from Chinese consumers whose appetite for high-end purchases once seemed insatiable.
That was the worst quarterly performance since the second quarter of 2020 when the world went into lockdown. Overall, the group’s sales slid 3%.
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