We're about 2 minutes away from the end of the trading day. Scarlet Fu and Vonnie Quinn here with you and here to help take you through the closing bell. We've got a global simulcast.Tim Sandvik joins us as well as Israeli lee. We bring together our Bloomberg Television, radio and you tube audiences worldwide as we pass through the most crucial moments of the trading day. And Tim, it doesn't look like a whole lot is going on when you look at the closing numbers here in the S&P 500, little change, but it's b ...

Company Analysis - Xtep (1368 HK) reported a slightly weaker performance in Q2 2025, but maintained its guidance for FY25, expecting overall sales growth and a net profit increase of over 10% [2][4] - The main brand of Xtep is projected to achieve mid-single-digit growth, while Saucony is expected to exceed 30% growth [2][4] - The management remains confident in achieving the annual guidance, supported by strong performance in the running category, which saw over 30% growth in professional products [4][5] Market Overview - The Chinese stock market showed mixed results, with healthcare, consumer staples, and utilities leading, while materials, energy, and financials lagged [3] - The report anticipates a volatile phase for the Chinese stock market in Q3, with weakening fundamentals in consumption and profits, but continued liquidity may lead to structural gains [3] - The US stock market saw gains led by financials, technology, and consumer staples, with TSMC's ADR hitting new highs due to strong AI chip demand [3] Retail Performance - Xtep's retail sales growth in Q2 2025 was slightly below expectations at low single digits, attributed to increased competition and weak e-commerce growth [5][6] - The company reported a healthy inventory turnover ratio of 4-4.5 months, indicating strong inventory management [6] - Retail sales growth improved in July, driven by summer demand and promotional activities, with e-commerce performance particularly strong [6] Strategic Initiatives - Xtep is progressing with its DTC (Direct-to-Consumer) transformation, planning to repurchase 100-200 stores in Q4 and 300-400 stores in FY26, with capital expenditure of approximately 400 million RMB [6] - The company is also upgrading its product and membership management systems to enhance DTC operational efficiency [6] Investment Rating - The report maintains a "Buy" rating for Xtep with a target price of HKD 7.20, based on a 14x FY25 forecast P/E ratio, which is attractive compared to the historical average of 15x [5][6]

ROMAINE: DON'T WORRY, BLOOMBERG "OPEN INTEREST" STARTS RIGHT NOW. SONALI: COMING UP, RETAIL SALES SIZZLE AS AMERICANS KEEP SPENDING. AND NETFLIX IS GOING TO TAKE THE EARNINGS SPOTLIGHT AFTER THE BELL. A LOT RIDING ON THE COMPANY'S OUTLOOK FOR THE MONTHS AHEAD. AND A MULTIBILLION-DOLLAR DEAL. RUBBER IS TEAMING UP WITH LUCID TO LAUNCH A ROBOTAXI FLEET. FIRST WE HAVE SOME STOCKS TO WATCH BEFORE THE MARKET OPENS. ROMAINE: KEEP AN EYE ON THE CHIP STOCKS. TSMC RAISING ITS OUTLOOK AND THAT IS BOOSTING TECH STOCKS ...

Partnerships & Innovation - Uber is partnering with Lucid and Nuro to launch robotaxis in 2026 [1] Industry Focus - The report highlights Uber's strategic moves in the robotaxi sector [1]

Core Viewpoint - Lucid Motors' stock surged over 40% following the announcement of a partnership with Uber to launch a new autonomous taxi service, positioning itself as a competitor to Tesla [2][5][11]. Group 1: Partnership and Investment - Uber will invest $300 million in Lucid as part of their collaboration to develop autonomous taxi services [10]. - The partnership aims to deploy over 20,000 Lucid vehicles equipped with Nuro Driver's Level 4 autonomous driving system within six years [9]. - The first prototype of the Lucid Nuro autonomous taxi has already been tested in Las Vegas [9]. Group 2: Market Context - The announcement coincided with a general rise in U.S. stock indices, indicating a positive market sentiment [3]. - The Nasdaq China Golden Dragon Index saw significant gains, reflecting a broader interest in electric vehicle companies [4]. Group 3: Competitive Landscape - The collaboration between Uber, Lucid, and Nuro is part of a growing trend in the Robotaxi sector, where Waymo currently leads the market [11]. - Uber previously partnered with Waymo for Robotaxi deployments in Austin and Atlanta, showcasing its ongoing commitment to autonomous vehicle technology [12]. Group 4: Regulatory Environment - Tesla is facing regulatory challenges in California regarding its autonomous taxi service expansion, highlighting the competitive pressures in the autonomous vehicle market [16].

Core Viewpoint - Lucid, an American electric vehicle manufacturer, experienced a significant stock price increase, initially rising over 60% before retracting to a 30% gain following news of a $300 million investment from Uber as part of their Robotaxi partnership [1] Group 1 - Lucid's stock price surged over 60% in pre-market trading [1] - The stock later retracted to a 30% increase [1] - Uber is investing $300 million in Lucid as part of a partnership for Robotaxi services [1]

智通财经7月17日电，美国电动汽车制造商Lucid盘前股价拉升，一度涨超60%，现回落至30%。优步将 投资3亿美元于美国电动汽车制造商Lucid，作为其Robotaxi合作伙伴关系的一部分。 ...

Uber(UBER.N)计划在六年内部署20000辆或更多配备Nuro司机的Lucid车辆。 ...

Partnerships & Investments - Uber 与 Nuro 合作，可能涉及自动驾驶送货领域的拓展 [1] - Uber 向 Lucid 投资 3 亿美元，旨在推出高端 robotaxi 服务 [1] Robotaxi Service - Uber 计划推出高端 robotaxi 服务 [1]

Tariffs Impact - Lucid CEO warns that tariffs imposed by President Trump will increase automobile manufacturing costs, even within the US [1]