Welcome back to Squawk on the Street. I am live today from Cityroup's Tech Leadership Summit. And let's bring in the host of the event, Cityrg CEO and chairman Jane Frasier to discuss her outlook and what we can expect here on the ground.Thank you for having us here again. It's great to be here. >> Oh, it's fantastic to have you back again.And as you see, we've got a wonderful agenda. >> A wonderful agenda, especially for this moment because we're we're in a bit of a of a bumpy phase in the markets this wee ...

I am Kadij is a dean. I am from SS3 Python. If our thoughts are not provoked, then we fail to ask the right question.But when we fail to ask the right question, we fail to create. But by asking the right questions, mysteries are unraveled, puzzles solved, truth revealed. Ladies and gentlemen, parents, guardians, thinkers, and builders of today's tomorrow.What if I told you that the most powerful force in the world is not fire, it's not fire, not time, and not even love, but a question. Three letters, one wo ...

[Music] So, I grew up in on a farm in Quebec, Canada. We have long winter, short summer, and 4,000 chicken that wake up every day playing the roster alarm to entertain us. Um, as a kid I wanted to play all the time.One day my dad told me, "You need to understand son on a on a farm there's no week days or weekend. The bird needs care every day. This is our duty. This is our responsibility. Do your chore and go play." So from those day I remember three key lessons that I carry all my life personally and the p ...

It's an absolutely perfect day on the Venice boardwalk. I mean, I don't think it could be more beautiful. We're here to interview Evan Spiegel, the CEO of Snap.So, good to see you. >> Welcome to Venice, California. >> So, do you think Silicon Valley is overrated.>> I wouldn't say it's overrated, but uh the beach is pretty nice, too. >> How does AI change AR. >> AR is the interface for AI. And the reason why we think AR is such a powerful interface is because it brings AI into the world with you.>> What do w ...

Welcome back to Money Movers. Take a look at shares of Coach and Kate Spade owner Tapestry down double digits this morning despite posting a beat on the top and bottom lines for its fiscal Q1. The company delivering record revenue and 16% sales growth.With with us now at Post 9, a CNBC exclusive is Tapestry CEO Joanne Koerat. It's great to see you again. Welcome Joanne.>> Thank you Sarah. Good to see you Carl. It's great to be here.>> I mean you're still the top performing consumer discretionary stock year ...

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[Music] [Applause] [Music] Whoever becomes the leader in AI will be the ruler of the world. I didn't say that. Vladimir Putin did all the way back in 2017.If you look throughout history, the greatest civilizations have always been tied to technology and sovereignty has always been tied to technology as has power. So the greatest risk of our time isn't in my view inflation, market instability or even war in the conventional sense. It's that we democracies fail to re-imagine what a technological republic look ...

Let's get to the outlook for the markets now with stocks taking a little bit of a leg lower. Yang Yu Ma is here PNC asset management chief investment strategist. Welcome back.It's nice to have you. So, how vulnerable do you do you see this market right now. >> I wouldn't say the market is extremely vulnerable.I think the action we're seeing right now is healthy push and pull uh some pullbacks in the market, some resetting, some assessment of the actual growth trends that we're seeing and who can capitalize ...

Let's get to the outlook for the markets now with stocks taking a little bit of a leg lower. Yang Yu Ma is here PNC asset management chief investment strategist. Welcome back.It's nice to have you. So, how vulnerable do you do you see this market right now. >> I wouldn't say the market is extremely vulnerable.I think the action we're seeing right now is healthy push and pull uh some pullbacks in the market, some resetting, some assessment of the actual growth trends that we're seeing and who can capitalize ...

Financial Data and Key Metrics Changes - Net sales for Q3 2025 reached $430 million, marking a 1% increase year-over-year for both the quarter and the first nine months of the year [13][24] - Gross margin for the first nine months expanded by 80 basis points to 64.4% from 63.6% in the prior year, but declined by 40 basis points to 63.5% in Q3 due to higher tariffs impacting U.S. imports [14][15] - Operating income for Q3 was $109 million, a 2% increase, resulting in an operating margin of 25.3% [16] - Net income for Q3 was $66 million, or $2.05 per diluted share, reflecting a 6% increase compared to the same quarter last year [18] Business Line Data and Key Metrics Changes - European-based operations saw net sales rise by 5% for Q3 and 6% year-to-date, with a gross margin of 66% for the quarter [19] - U.S.-based operations experienced a 5% decline in net sales for Q3, with gross margin decreasing by 110 basis points due to transitional tariff impacts [20] - The introduction of new products and brands, such as Roberto Cavalli and the Solferino Collection, is expected to drive future sales growth [4][6] Market Data and Key Metrics Changes - E-commerce sales are accelerating, with fragrance holding a 50% market share within the beauty category on Amazon [7] - Travel retail grew by 13% in Q3, driven by brands like Lacoste, Jimmy Choo, and Coach [8] - The overall market growth in the U.S. for Q3 was up 7%, indicating healthy consumption despite a disconnect between sell-in and sell-out [31] Company Strategy and Development Direction - The company is focusing on innovation and product enhancements to meet changing consumer preferences, supported by advertising and promotional efforts [3] - Plans to expand the ultra-luxury direct-to-consumer segment and improve supply chain efficiencies are in place to navigate macroeconomic uncertainties [9][10] - The company anticipates moderate growth in 2026, with a return to stronger growth expected in 2027 driven by new brand launches [24][25] Management's Comments on Operating Environment and Future Outlook - Management noted that macroeconomic conditions remain uncertain, but expressed confidence in the strength of the business model and consumer demand [3][25] - The company is monitoring inventory levels closely and is prepared to respond to retailer needs as they arise [11][22] - Management highlighted the importance of maintaining strong relationships with retailers and distributors to support future growth [12][25] Other Important Information - The company has repurchased $7.5 million in shares year-to-date and plans to continue evaluating share repurchases [23] - Inter Parfums was named beauty company of the year by Women's Wear Daily, reflecting the strength of its brands and partnerships [12] Q&A Session Summary Question: Insights on holiday season expectations and pricing feedback - Management reported strong sales in October and positive forecasts for November, indicating retailers are continuing to buy [26] - Pricing increases were modest and well-accepted, particularly for prestige brands, with no significant resistance noted from retailers or consumers [28] Question: Shipment timing and disconnect between sell-in and sell-out - There is a noted disconnect between sell-in and sell-out, with market growth remaining healthy despite this [30][31] Question: Growth profile from new brands over the next two years - New brands like Off-White and Longchamp are expected to drive growth, with significant potential seen in Longchamp [33][34] Question: Expectations for gross margin in Q4 - Management anticipates slight erosion in gross margins due to ongoing tariff impacts, with improvements expected in Q2 2026 [35][36]