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☆ Behind the scenes at the Murdoch family's secret court fight
▼ + stars: | 2024-09-23 | by ( Peter Kafka | ) www.businessinsider.com time to read: +11 min

The biggest story in media right now has nothing to do with sexting. But recently, Rupert Murdoch has been trying to change those plans, and pass along full control to Lachlan Murdoch, who now has the CEO title at both News Corp and Fox. AdvertisementElisabeth Murdoch and her father, Rupert Murdoch, pictured in 2010. I think Lachlan would hope to figure out ways to keep on keeping on. Related storiesThroughout his career, Rupert Murdoch was always willing to sell assets he'd spent time and money acquiring.

Persons: Rupert Murodoch's, Murdoch, haven't, Rupert Murdoch's, Lachlan, James, Elisabeth, Prudence —, Rupert Murdoch, Lachlan Murdoch, David Folkenflik, Elisabeth Murdoch, Samir Hussein, he'd, didn't, I've, Rupert, Prudence Murdoch, Prudence MacLeod, Evan Agostini, It's, He's, it's, NPR's David Folkenflik, Gabriel Sherman, you've, Suzanne Scott, who've Organizations: Service, Fox News, Business, — News Corp, New York Post, Street Journal, Fox Corp, Fox, News Corp, HBO, Trump . Fox News, Disney, Sky News, Capitol, NPR, Nevada Supreme, Court, Corp, Old Media, Fair, NBC, Street Locations: Reno , Nevada, Nevada, Rupert's, Australia, Reno

☆ Economic conditions are 'nearly perfect' and the Fed has engineered a 'miraculous' achievement, Evercore founder says
▼ + stars: | 2024-09-23 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

In a Monday-morning appearance on CNBC, Evercore founder Roger Altman praised the Fed for delivering "nearly perfect" economic conditions, citing strength in equities, profits, and employment. Only inflation — which still hovers above the Fed's 2% target rate — is holding off an official soft landing declaration, he said. AdvertisementAlthough there are some concerns rate cuts will reignite inflation, Altman is expecting to see a slowdown this week when new consumption-expenditures data is released. Related stories"I think what essentially happened was that the Fed saw the path on inflation steadily downward as more certain than the path on labor markets, a little more uncertainty about labor markets," Altman said. "So it took a stronger step to fortify labor markets, and went for 50."

Persons: —, Roger Altman, Powell, Altman, Larry Summers Organizations: Service, CNBC, Business, Fed

☆ Goodbye Louis Vuitton. China’s Gen Z leans into ‘dupe economy’ as growth prospects stall
▼ + stars: | 2024-09-23 | by ( Juliana Liu | ) edition.cnn.com time to read: +8 min

Mainly a print model, Zheng used to rake in 30,000 yuan ($4,230) a month when she began working two years ago. Some are virtually indistinguishable from the real thing, while others are inspired by the original design and offer morecolors or textures. The popularity of this product category is soaring as consumer confidence in China nears a historic low, according to analysts. Shoppers are sitting on the sidelines due to a combination of falling stock prices, capital flight and “tepid” wage growth, the economists said. A Hong Kong court ordered the liquidation of the Chinese property giant on on January 29.

Persons: Zheng Jiewen, Zheng, “, ”, Louis Vuitton, Chanel, Laurel Gu, Lulu, dupes isn’t, Nomura, Xinxin, Greg Baker, Nicole Hal, “ I’ve, Goldman Sachs Organizations: Hong Kong CNN, CNN, Prada, Reuters, Shoppers, Barclays, Hong, Getty, Goldman Locations: China, Hong Kong, Guangzhou, Shanghai, Asia, Japan, Chongqing, Beijing, AFP, Europe, “

☆ 'Monsters: The Lyle and Erik Menendez Story' is about two brothers who murdered their parents. Here's what the Netflix show gets wrong.
▼ + stars: | 2024-09-23 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +5 min

Read preview"Monsters: The Lyle and Erik Menendez Story," the latest buzzy true crime drama series from Netflix, tells the story of two brothers who killed their parents in 1989. José Menendez likely didn't see who killed himJosé Menendez, and Javier Bardem in "Monsters: The Lyle and Erik Menendez Story." AdvertisementThere's no evidence the brothers had an incestuous relationshipCooper Koch as Erik Menendez and Nicholas Chavez as Lyle Menendez. The scene then shows Kitty Menendez walking in on Erik and Lyle Menendez kissing in the shower. Erik Menendez has said he isn't gayErik Menendez in Los Angeles in 1994.

Persons: —, Lyle, Erik Menendez, José Menendez, Mary Louise, Kitty, Menendez, Ryan Murphy, Jeffrey Dahmer, J, Simpson, Javier Bardem, Kitty Menendez, Erik, Cooper Koch, Nicholas Chavez, José, didn't, Eric Menendez, Ronald L, Lyle Menendez, Dominick Dunne, Nathan Lane, Dunne, Ted Soqui, Tammi Menendez Organizations: Service, Netflix, Business, Los Angeles Times, Getty, ABC News, ABC Locations: Los Angeles, Beverly Hills

☆ Enterovirus D68: What to know about the virus that could lead to paralysis in kids
▼ + stars: | 2024-09-23 | by ( Faye Chiu | ) edition.cnn.com time to read: +6 min

CNN —Rates of enterovirus D68 infections are on the rise across the United States, according to the nonprofit WastewaterSCAN network. This common virus can lead to a rare but serious polio-like complication known as acute flaccid myelitis. Dr. Leana Wen: Enterovirus D68 is part of a group of more than 100 non-polio enteroviruses. CNN: What can you tell us about acute flaccid myelitis, the rare but dangerous complication that can result from enterovirus D68 infection? CNN: How likely is it that enterovirus D68 infection will result in acute flaccid myelitis?

Persons: Leana Wen, Wen, myelitis Organizations: CNN, George Washington University, US Centers for Disease Control, CDC Locations: United States

☆ Clothes and Accessories to Get Rid of Right Now, From Stylists
▼ + stars: | 2024-09-23 | by ( Amena Ahmed | ) www.businessinsider.com time to read: +1 min

Business Insider spoke to stylists and designers about fall clothing items you should get rid of. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Business Insider asked designers and stylists which clothes and accessories they think people should get rid of right now.

Persons: — Organizations: Service, New York, Business Locations: New

☆ I was rejected by Meta 4 times before I landed a job there. Here's how I did it.
▼ + stars: | 2024-09-23 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +6 min

I first tried to get into Meta in 2021 and every year after that until I finally landed the job at the beginning of this year. AdvertisementBy the fourth time I applied, I passed the coding interview, but I failed the stage where there was an interview with a group of engineers. Having previous experience interviewing at Meta helped me land the job. Brushing up on my technical skills also helped me to land a job at Meta. AdvertisementWhen I found out I had been accepted into Meta, it felt great; it was such a proud moment.

Persons: —, Shad Hossain, there's Organizations: Service, Meta, Business, HBO, CBS, Apple, Nike, National Basketball Association, LinkedIn Locations: New York, Hulu, Bangladesh

☆ Germany’s coalition government is ‘absolutely creaking at the seams,’ RUSI fellow says
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGermany’s coalition government is ‘absolutely creaking at the seams,’ RUSI fellow saysJohn Kampfner, author of “In Search of Berlin” and a fellow at the Royal United Services Institute, discusses Germany’s political and economic outlook.

Persons: RUSI, John Kampfner Organizations: Berlin, Royal United Services Institute

☆ 7 signs you were raised by an eggshell parent — and how that can impact your adult relationships
▼ + stars: | 2024-09-23 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +6 min

But if you were generally tense, anxious, or fearful around your parent or caretaker, there's a chance you were raised by an eggshell parent. An eggshell parent is "often highly unpredictable, and unsafe in some way," she added. Sage shared a few signs you grew up with at least one eggshell parent, and what the long-term impacts of such a relationship can be. She added that eggshell parents often lack self-awareness of how their intense mood swings impact other people, especially their kids. Without that acknowledgment, children of eggshell parents might continue to believe that they "caused" their parents' outbursts, and that they're responsible for managing other people's emotions.

Persons: —, there's, Kim Sage, Sage, you've, you'll Organizations: Service, Business Locations: California

☆ A stunning sterling rally is about to collide with Britain's political realities
▼ + stars: | 2024-09-23 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

Sterling breached $1.33 against the greenback for the first time since March 2022 on Thursday, and was trading at $1.3315 early London time Monday. The pound's rally was tied to the BOE communication and "looks fully justified," Chris Turner, global head of markets at ING, said in a Friday note. Higher rates are traditionally a positive for a domestic currency as the higher yield can attract more foreign capital. watch nowGabriella Dickens, G7 economist at AXA Investment Managers, also cautioned on the pound's outlook in a note Thursday. If the government is more stringent on fiscal policy, we think the Bank will be forced to increase the pace of the cutting cycle to offset the hit on both households' and businesses' finances."

Persons: Keir Starmer, BOE, Chris Turner, Turner, Jane Foley, Gabriella Dickens, Dickens Organizations: Bank of England, Labour, Sterling, greenback, London, ING, Fed, U.K, European Union, Rabobank London, CNBC, AXA Investment, Bank, quicken Locations: Britain, –

☆ FTC chair Lina Khan explained how Americans lost their privacy protections to Big Tech
▼ + stars: | 2024-09-23 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

In a "60 Minutes" interview that aired Sunday, FTC Chair Lina Khan said allowing Big Tech to go through hundreds of acquisitions in the past several decades was a mistake that hurt Americans. An FTC spokesperson did not respond to a request for comment. "After some of those firms were bought up by one of the big guys, all of those data privacy policies changed overnight, and so Americans lost those privacy protections." A WhatsApp spokesperson told BI at the time that the company disagreed with the decision and that the penalties were "entirely disproportionate." An FTC spokesperson told CNN in 2023 that, under Khan, the agency has investigated or sued to stop more than three dozen merger proposals.

Persons: —, Lina Khan, Khan, Mark Zuckerberg's, we're, WhatsApp, Joe Biden, Kamala Harris, Reid Hoffman, Khan's, Matt Gaetz, Newsmax Organizations: Service, Trade, Big Tech, Business, Facebook, FTC, YouTube, Democratic, Republican, CNN, Florida, Street Journal Locations: Washington ,

☆ My mother-in-law and I only started getting along after my husband died. I knew I had to take care of her.
▼ + stars: | 2024-09-23 | by ( Alison Pena | ) www.businessinsider.com time to read: +4 min

Read previewI promised my husband David that after he lost his battle with cancer, I would care for his mom. My mother-in-law and I had a complicated relationship, fighting for David's time and attention for 25 years. AdvertisementOur relationship is a giftWhen Joy gets frustrated or angry, I am the one who won't leave her. In the middle of the pandemic, Joy called me three times to say she was lost in Times Square. Practical chores include grocery shopping, laundry, cleaning up, helping Joy change, taking her to appointments, and paying bills all fall on me.

Persons: —, David, Joy, dentures, Omar Organizations: Service, Business Locations: New York City

☆ Trump is getting wilder and wilder, but the White House race remains a toss-up
▼ + stars: | 2024-09-23 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

But the nature of the race — a toss-up contest in swing states — has not budged. No clear leaderBut despite the rising heat on the campaign trail, the race remains where it has been for weeks: deadlocked. The vice president is at 50% compared with Trump’s 47% in the latest CNN Poll of Polls average. Vice President Kamala Harris boards Air Force Two in Queens, New York, on September 22, 2024. Former President Donald Trump arrives at a campaign rally at the Aero Center in Wilmington, North Carolina, on September 21, 2024.

Persons: Donald Trump’s, he’d, —, Trump, He’s, CNN’s KFile, Kamala Harris, Harry Enten, Democrat John F, Richard Nixon, Gretchen Whitmer, Harris ’, “, Harris, Sharyl Attkisson, ”, Joe Biden, Matt Rourke, Biden, Donald Trump, Jim Watson, Republicans —, Ron DeSantis, Nikki Haley, she’s, “ I’m, “ I’ve, ” Harris, South Carolina Sen, Lindsey Graham, NBC’s Kristen Welker, Who’s Organizations: CNN, White, North Carolina, Democrat, Michigan Gov, Democrats, Trump, NBC News, Democratic, Electoral, Air Force, Capitol, Oval, Democratic National Convention, Republican Party, Aero Center, Getty, Republicans, Florida Gov, South Carolina Gov, NBC, —, Federal Reserve, mull, Republican, South, “ Locations: Ohio, “ State, Michigan, Pennsylvania, Wisconsin, Georgia, Nevada , Wisconsin , Michigan, North Carolina, United States, Queens , New York, Trump, Chicago, Wilmington , North Carolina, AFP, Florida, South Carolina

☆ How to create a continuity plan for your small business
▼ + stars: | 2024-09-23 | by ( Sponsor Post | ) www.businessinsider.com time to read: +5 min

A continuity plan is an essential tool designed to keep your small business operations humming even when there is a sudden emergency. Identify critical business functionsDocumenting your critical business functions will help prioritize tasks during an emergency. Make time for succession planning: Most small business owners want their business to continue even if they can no longer run it. State Farm® offers small business insurance options — such as a Business Owners Policy (BOP), which offers a combination of coverages to help protect your unique business. Your State Farm agent can help you protect your small business, so you can focus on growing your business.

Persons: —, it's Organizations: Fed, ®, Policy, State, Farm, Insider Studios

☆ A rare polar bear showed up on the shores of Iceland. Police shot it
▼ + stars: | 2024-09-23 | by ( Associated Press | ) edition.cnn.com time to read: +3 min

London AP —A rare polar bear that was spotted outside a cottage in a remote village in Iceland was shot by police after being considered a threat, authorities said Friday. “In this case, as you can see in the picture, the bear was very close to a summer house. The bear shot on Thursday was the first one seen in the country since 2016. It also found there was a healthy bear population in east Greenland where any bear was likely to have come from. After the shot bear was taken away, the woman who reported it decided to stay longer in the village, Jensson said

Persons: Helgi Jensson, “, ” Jensson, Jensson, Anna Sveinsdóttir, Sveinsdóttir Organizations: London AP, Environment Agency, Westfjords, Associated Press, Icelandic Institute of, Wildlife Society, United, Coast Guard Locations: Iceland, Reykjavik, Greenland, Canada, Norway, Russia, United States

☆ Trump is unlikely to get a last-minute Electoral College change that would have helped him win the election
▼ + stars: | 2024-09-23 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Nebraska Republicans dominate the state's politics, including its officially non-partisan, one-house legislature. The Nebraska Examiner reported that without McDonnell, Republicans have "no path" unless a Democrat or nonpartisan lawmaker changes their mind. Nebraska and Maine are the only states that award some of their Electoral College votes by congressional district. In 2020, President Joe Biden carried the Omaha-area 2nd District and its one Electoral College vote. If she carries the Omaha-area vote, she could win by holding onto Pennsylvania, Michigan, and Wisconsin — the so-called "Blue Wall" states.

Persons: —, Donald Trump's, Kamala Harris, Sen, Mike McDonnell, US Sen, Lindsey Graham, McDonnell, Jim Pillen, Trump, Chris LaCivita, Harris, Joe Biden, Don Bacon, Biden Organizations: Service, White, US, Trump, Business, Nebraska Republicans, Nebraska Examiner, Republicans, Republican, Mayor, Nebraska, Politico, GOP, White House, Electoral, Omaha -, Rep, Representatives Locations: Nebraska, Omaha, Maine, District, Pennsylvania , Michigan, Wisconsin, Arizona , Nevada , Pennsylvania, North Carolina, Nevada

☆ US intel says AI is boosting, but not revolutionizing, foreign efforts to influence the 2024 elections
▼ + stars: | 2024-09-23 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +4 min

“The (US intelligence community) considers AI a malign influence accelerant, not yet a revolutionary influence tool,” an ODNI official told reporters. Iran, for example, has used AI to generate content in Spanish about immigration, which Tehran perceives as a divisive US political issue, the ODNI official said. Russia has generated the most AI content related to the US election of any foreign power, according to the ODNI official. Foreign operatives have also embraced plenty of old-school influence techniques this election cycle, such as staging videos rather than generating them with AI. This isn’t the first general US election where foreign powers have considered deploying AI capabilities.

Persons: “, Donald Trump’s, Kamala Harris ’, Harris, Donald Trump, ” Organizations: CNN, National Intelligence, Foreign, Microsoft, Ukraine Locations: Russia, Iran, Tehran, Israel, Gaza, China, San Francisco, Russian

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Pinterest, Palantir, Microsoft, Nike, Meta & more
▼ + stars: | 2024-09-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

"We are initiating coverage of enterprise planning and 'Office of the CFO' software provider OneStream (OS) with an Outperform rating and $38 target price." Deutsche Bank initiates Pinterest at buy Deutsche called Pinterest an "under-monetized, scaled, increasingly personalized 'digital catalog' that attracts an affluent, high purchase-intent user base." "We initiate coverage of Pinterest, Inc. with a Buy Rating and a $43 Price Target." "We initiate coverage on FLUT with a Buy Rating and $270 PT." JPMorgan adds Nike to negative catalyst watch list The bank is sticking with its neutral rating but is negative heading into earnings on October 1 for Nike.

Persons: Bernstein, it's bullish, Morgan Stanley, Piper Sandler, Piper, TD Cowen downgrades, Cowen, Goldman Sachs, Goldman, Raymond James downgrades Palantir, Raymond James, Dr Pepper, Wells, Tesla, it's, bullish, Coreweave, Davidson, Needham, Truist Organizations: Nvidia, Citi, Meta, Facebook, Apple, BMO, Bank of America, underperform Bank of America, Holding AG, Citigroup, Deutsche Bank, Deutsche, Barclays, Bank, New York Mellon, Bank of New York Mellon, Motors, Microsoft, Needham, JPMorgan, Nike, Technology Locations: North America

☆ Cathay Pacific bans couple after seat-reclining spat
▼ + stars: | 2024-09-23 | by ( Jack Guy | ) edition.cnn.com time to read: +4 min

CNN —Hong Kong-based airline Cathay Pacific has banned two passengers from its flights after an argument over seat-reclining etiquette descended into xenophobic insults. People from Hong Kong speak mainly Cantonese, whereas mainland Chinese mainly speak Mandarin. However, Cathay, Hong Kong’s flag carrier, has got into hot water with Chinese authorities in the past. In a statement announcing the dismissals, Cathay Pacific CEO Ronald Lam said he would personally lead a task force to improve service and avoid similar incidents in the future. “We need to ensure that all Cathay Pacific employees must at all times respect customers from different backgrounds and cultures, and that we provide quality services consistently across all markets that we serve,” he said.

Persons: ”, ’, “, Hong Kongers, Ronald Lam, CNN’s Michelle Toh, Shawn Deng Organizations: CNN, Cathay Pacific, Cathay, Cathay Group, Hong Locations: Hong Kong, London, China, Cathay Pacific, Hong, Cathay, Hong Kong’s

☆ Katie Stockton has an under-the-radar way to play the comeback in wheat and other soft commodities
▼ + stars: | 2024-09-23 | by ( Katie Stockton | ) www.cnbc.com time to read: +8 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: CTVA, Katie Stockton Organizations: Invesco DB Agriculture Fund, Wheat, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: CTVA

☆ CNBC Daily Open: Some aren’t convinced of a soft landing
▼ + stars: | 2024-09-23 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Stephanie Keith | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In terms of financial markets, financial firm BTIG sees a possible pullback. Last week's burst of euphoria was mostly driven by anticipation and celebration of the Fed's rate cut. Markets this week will look at the hard data coming out, like GDP figures for the second quarter, consumer confidence and PCE report.

Persons: Stephanie Keith, It's, Piper Sandler, Nancy Lazar, Lazar, BTIG, Jonathan Krinsky, –, Alex Harring, Hakyung Kim, Brian Evans Organizations: New York Stock Exchange, CNBC, Friday, FedEx, Nasdaq, Dow Locations: New York City

☆ I found out my partner cheated with multiple people. I chose to stay in the relationship.
▼ + stars: | 2024-09-23 | by ( Stephanie B. | ) www.businessinsider.com time to read: +5 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. I didn't spend my 20s and 30s dating around or in multiple relationships, and after my divorce, I wasn't interested in doing much of that, either. Finding out about the infidelity was tough; finding out it was with multiple people was devastating. Related storiesBut throughout all of that, I didn't leave, and I didn't want them to leave, either. I felt like a failure for not wanting to leaveI felt like a failure in a lot of ways.

Persons: —, gaslighting Organizations: Service

☆ Earth is about to get a 2nd moon for 57 days only. Here's what you need to know.
▼ + stars: | 2024-09-23 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +1 min

Earth is getting a second moon, a mini-moon asteroid called 2024 PT5, on September 29. This asteroid from the Arjuna asteroid belt will follow a horseshoe path around Earth for 57 days. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. It's an asteroid about the size of a school bus, at 35 feet long, and it has a typical, un-snazzy asteroid name: 2024 PT5. Earth is poised to pick up this hitchhiker from the nearby Arjuna asteroid belt on September 29.

Persons: Arjuna Organizations: Service, American Astronomical Society, Business Locations: It's

☆ The Max-Hulu-Disney+ bundle seems to be off to a strong start
▼ + stars: | 2024-09-23 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Discovery teamed up with Disney to create an anticipated Max-Hulu-Disney+ bundle, which launched in late July for $17 per month. AdvertisementThere were less than 2 million net streaming subscribers additions in the US in Q2, according to Antenna. In August, Hulu's cancellation rate rose to its highest level since January, and Max's churn rate jumped to its highest mark since November. AdvertisementWhen taken in the context of Antenna's other data, it looks like some Hulu and Max customers are canceling their subscriptions so they can subscribe to the Max-Hulu-Disney+ bundle without paying twice. The Max-Hulu-Disney+ bundle is one of several streaming packages that media giants have conjured up.

Persons: —, Max each, Peacock, Max, it's Organizations: Service, Warner Bros, Discovery, Disney, Hulu, Business, Paramount, WBD, Comcast, Netflix, Apple, ESPN

☆ Luxury stocks slip as fears grow of a prolonged downturn
▼ + stars: | 2024-09-23 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

Bloomberg | Bloomberg | Getty ImagesLONDON — European luxury stocks tumbled on Monday as analysts warned of a deteriorating demand outlook, particularly among high-spending Chinese consumers. "Following the post-Covid peak in consumption in 2022, luxury sector revenues have been sequentially slowing. Across European luxury firms, they expect a 1% revenue decline in 2024. The Stoxx Europe Luxury 10, an index tracking top names in the sector, managed to hold flat but has fallen 3.82% in the year to date. 'Prolonged period of weakness'They're not alone in their bearish view on Europe's luxury sector.

Persons: Hugo Boss, Germany's Hugo Boss, Burberry, Kering, Hermes, Jon Cox, Kepler Cheuvreux, CNBC's, Cox Organizations: Hugo, Hugo Boss AG, Bloomberg, Getty, Bank of America, Korean, BofA Securities, Kepler, U.S, CNBC, Burberry Locations: Shanghai, China, American, Europe

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