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☆ Kevin McCarthy’s Ouster Could Imperil Republican House Seats in 2024
▼ + stars: | 2023-10-09 | by ( Eliza Collins | Christine Mai-Duc | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/politics/elections/kevin-mccarthys-ouster-could-imperil-republican-house-seats-in-2024-3539f951

Persons: Dow Jones, kevin, mccarthys

Oct 10 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The rebound in risk sentiment was largely due to comments from two Fed officials that the recent rise in long-term bond yields and tightening of financial conditions mean the Fed may be done raising rates. The U.S. bond market was closed on Monday for the Columbus Day holiday but futures traded, and the 10-year Treasury future posted its biggest rise since March. The IMF and World Bank annual meetings in Morocco kick into gear on Tuesday, with U.S. Treasury Secretary Janet Yellen, European Central Bank president Christine Lagarde and many other leading global policymakers in attendance. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Jamie McGeever, Lori Logan, Philip Jefferson nodded, Janet Yellen, Christine Lagarde, Raphael Bostic, Christopher Waller, Neel Kashkari, Mary Daly, Lorie Logan, Philip Jefferson, Waller, Daly Organizations: Dallas, Columbus, Treasury, IMF, World Bank, U.S, European Central Bank, Fed, Bank, Thomson, Reuters Locations: Israel, Gaza, U.S, Lower U.S, Asia, Japan, Pacific, Philippines, Morocco, Marrakech, Kashkari

Because higher yields signal a rise in borrowing costs, the selloff has raised questions about the long-term sustainability of Italy's huge debt pile. Meloni has said she is not worried by the rise in yields, saying: "Italy is solid." Most of the sources said there is no hurry to end reinvestments or even to formally open this discussion on the policy-making Governing Council. Some argued that PEPP reinvestments should end before any talk of a rate cut, now expected by markets around mid-2024. Spreads of Italian 10-year bonds over their German counterparts are up roughly 30 basis points this month in their biggest jump since last December.

Persons: Wolfgang Rattay, Giorgia, Christine Lagarde, Meloni, PEPP, Balazs Koranyi, Catherine Evans Organizations: European Central Bank, ECB, REUTERS, Rights, Central Bank, Thomson Locations: Frankfurt, Germany, Italy

While most traders are waiting on the sidelines, anxious about the election and unsure of libertarian frontrunner Javier Milei, some daring bond investors are moving in. "There has been a lot of pain from being invested in Argentina over the past decade," Reed said. Rob Citrone, founder of U.S.-based hedge fund Discovery Capital Management, said Argentina presented one of the best opportunities in emerging markets. The depressed values offer another reason to be bullish on Argentina's debt, said Thomas Haugaard, a portfolio manager on the emerging markets debt hard currency team at Janus Henderson Investments in Copenhagen. Armando Armenta, an analyst for Latin American fixed-income and currency markets at AllianceBernstein in New York, said it was a mixed picture.

Persons: Javier Milei, Cristina Sille, Milei, Patricia Bullrich, Sergio Massa, Christine Reed, Reed, Bullrich, Mauricio Macri's, Massa, Rob Citrone, Cristina Fernandez de Kirchner, Fernandez de Kirchner, Thomas Haugaard, Janus Henderson, Haugaard, Morgan Stanley, Armando Armenta, Milei's, Rodrigo Campos, Carolina Mandl, Adam Jourdan, Paul Simao Organizations: Argentine, REUTERS, Peronist, International Monetary Fund, U.S, Discovery Capital Management, Reuters Graphics Reuters, BancTrust, Reuters, Janus, Janus Henderson Investments, Thomson Locations: Buenos Aires, Argentina, New York, Ghana, Sri Lanka, Copenhagen, Congress, AllianceBernstein

REUTERS/Joshua Roberts/File Photo Acquire Licensing RightsWASHINGTON, Oct 9 (Reuters) - The U.S. Army on Monday said it would need Congress to approve additional funding to ensure the Pentagon's munitions production and acquisition plans can simultaneously meet the needs of both Israel and Ukraine. Army Secretary Christine Wormuth made the comments as the U.S. House of Representatives is effectively paralyzed as Republicans work to select a new speaker. Israel, America's closest ally in the Middle East, has declared war after an unprecedented, surprise attack on Saturday by Hamas fighters left hundreds dead. "We need additional support from Congress. "But I would argue, that just as we lean forward with Ukraine, I think the intent is to lean forward in support of Israel," she said.

Persons: U.S . Army Christine E, Wormuth, Joshua Roberts, Christine Wormuth, Israel, America's, Randy George, they've, George, Lloyd Austin, Gerald R, Austin, Phil Stewart, Grant McCool Organizations: U.S . Army, Army, Capitol, REUTERS, Rights, U.S . House, Representatives, Hamas, Defense, Ford Carrier Strike Group, Air Force, Thomson Locations: Washington , U.S, Israel, Ukraine, East . Washington, U.S

☆ A Divided West Maui Reopens to Tourists: ‘You’re Visiting a Really, Really Fragile Place’
▼ + stars: | 2023-10-08 | by ( Christine Mai-Duc | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Locations: maui

☆ ECB's Lagarde: confident over 2% inflation target and Europe's winter gas situation
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Yves Herman/File Photo Acquire Licensing RightsSummary Interview done on Oct 2, published on Oct 8Lagarde: confident over ECB's 2% inflation targetLagarde relatively confident over Europe's gas situationPARIS, Oct 8 (Reuters) - European Central Bank President Christine Lagarde said in an interview published on Sunday that she was confident the ECB would meet its target of getting inflation back down to 2%, and relatively confident over Europe's gas reserves situation. Lagarde added the fact that inflation was "currently falling significantly" was one of several reason as to why she was not pessimistic regarding the short-term economic outlook. She added that other reasons for this were economic reforms underway in Europe, and because Europe's gas reserves situation was better than before. And, just one year ago, who would have thought that we would succeed in replenishing more than 90% of our gas reserves by September 2023?," said Lagarde. "This allows us to look towards the coming winter, if not calmly, then at least with a lot more confidence," she added.

Persons: Christine Lagarde, Yves Herman, Lagarde, Sudip Kar, Toby Chopra Organizations: European Central Bank, European Parliament's, Economic, Monetary Affairs, REUTERS, Central Bank, ECB, Tribune, Thomson Locations: Brussels, Belgium, PARIS, Europe

Among the many conspiracy theories that have fueled that belief on the right are those surrounding ballot drop boxes. Users have promoted the investigation as evidence for the persistent, false narratives about widespread fraud connected to ballot drop boxes. Some Republican lawmakers, who had raised concerns about the security of drop boxes during the pandemic, said the Bridgeport videos prove they were correct. In many cases, drop boxes are placed in locations where they can be monitored by election staff or security cameras. “It’s not the ballot boxes that are the problem,” said Cheri Quickmire, executive director of the voter advocacy group Common Cause in Connecticut.

Persons: —, Donald Trump’s, Doug Dubitsky, ”, Dubitsky, Trump, David Levine, “, Joe Ganim, John Gomes, Gomes, Ganim, Sen, Rob Sampson, It’s, Cheri Quickmire, They've, Matt Ritter, ” ___ Cassidy, Christine Fernando Organizations: Democrats, Republicans, Republican, Democratic, Marshall Fund’s Alliance, Securing Democracy, General, Associated Press, Voting, Connecticut Legislature, Hartford Democrat Locations: HARTFORD, Conn, Connecticut’s, Bridgeport, Idaho, In Connecticut, United States, Connecticut, “, Atlanta, Chicago

☆ Italy's deficit hikes could threaten its credit rating - Scope
▼ + stars: | 2023-10-06 | by ( Sara Rossi | ) www.reuters.com time to read: +3 min

The eligibility of Italian securities under the ECB's TPI "is a key driver of its BBB+/Stable credit rating," Scope said. It will review its rating of Italy's debt on Dec. 1. More specifically, countries must respect the EU's economic prescriptions, have a sustainable public debt, and not show any macroeconomic imbalances. RATING AGENCIES' TESTBefore Scope assesses Italy's rating in December, the country faces scrutiny from several larger agencies. From mid-October to mid-November, S&P Global, DBRS, Fitch and Moody's all have the euro zone's third largest economy up for review in what analysts say will be key tests for the stability of Italian bond yields.

Persons: Giorgia, Christine Lagarde, DBRS, Fitch, Sara Rossi, Gavin Jones, Andrew Heavens Organizations: MILAN, Central, Reuters, ECB, P, Italian Treasury, European Union, TPI, European, Thomson Locations: Italy, Italian, Rome

☆ Geodis’s Marie-Christine Lombard on New Hurdles in Global Supply Chains
▼ + stars: | 2023-10-04 | by ( Paul Berger | ) www.wsj.com time to read: 1 min

A parcel-sorting chain of Prisme, an interprofessional book distribution platform of Geodis in a Paris suburb. Photo: emmanuel dunand/Agence France-Presse/Getty ImagesCompanies are making big changes to their supply chains in the wake of the Covid pandemic and rising tensions between the U.S. and China, and logistics businesses are following them to new destinations as they try to clear the hurdles to new manufacturing and distribution strategies.

Persons: emmanuel dunand Organizations: Agence France, Getty, U.S Locations: Paris, China

☆ Japan’s property sector sees ‘golden period’ as foreign investments surge 45%
▼ + stars: | 2023-10-04 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +4 min

Bloomberg | Bloomberg | Getty ImagesForeign investments into Japan's real estate sector have been flourishing in the past year, buoyed by a weak Japanese yen as the country's central bank maintains its ultra-loose monetary policy. "It is a golden period of Japanese real estate," Henry Chin, head of Asia-Pacific research at CBRE, told CNBC. Foreign investors almost doubled their investment from a year ago to $2 billion in the first quarter of the year, the global real estate services company noted. According to latest data provided by CBRE, total foreign investments into Japan's real estate market has risen 45% in the first half of 2023, compared to the same period last year. The solid rebound in Japan's tourism sector following the ease in border restrictions has sparked a rise in hotel occupancies and hospitality investments, Knight Frank said in a recent September note.

Persons: Henry Chin, Chin, Koji Nato, JLL, Knight Frank, CBRE's Chin, Knight Frank's, Christine Li, David Madison Organizations: Bloomberg, Getty, CNBC, Nato LL's, Capital Markets, U.S, APAC Locations: Tokyo, Japan, Asia, Pacific, Osaka, Singapore, U.S, Canada, Magome

☆ Stevie Nicks finds ‘no reason’ to continue Fleetwood Mac without Christine McVie
▼ + stars: | 2023-10-04 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —As far as Stevie Nicks is concerned, Fleetwood Mac is no more. The singer talked to Vulture about the life and death of her best friend and bandmate, Christine McVie, who died in November 2022 at the age of 79 following a brief illness. “But when Christine died, I felt like you can’t replace her,” Nicks said. “When she died, I figured we really can’t go any further with this. There’s no reason to.”McVie wrote and/or performed several of Fleetwood Mac’s hits, including “Don’t Stop,” “Over My Head,” “You Make Loving Fun” and “Say You Love Me.”

Persons: Stevie Nicks, Fleetwood Mac, Christine McVie, Nicks, Fleetwood Mac ”, “, Christine, ” Nicks, ”, Taylor, ’, ” NIcks, ” McVie, Fleetwood Organizations: CNN Locations: Fleetwood

Only the fifth woman to win a Nobel physics prize, French-born L'Huillier works at Lund University in Sweden, while Agostini, who was also born in France, is a emeritus professor at Ohio State University in the United States. Agostini and Krausz then demonstrated how this could be used to create shorter light pulses than previously possible. These experiments all showed that attosecond pulses could be observed and measured, and could be used in new experiments. While the award for peace can take the limelight, the physics prize has also often taken centre stage with winners such as Albert Einstein and awards for science that has fundamentally changed how we see the world. Announced on consecutive weekdays in early October, the physics prize announcement will be followed by ones for chemistry, literature, peace and economics, the latter a later addition to the original line-up.

Persons: Pierre Agostini, Ferenc Krausz, Anne L'Huillier, Eva Olsson, Krausz, L'Huillier, Agostini, Emmanuel Macron, Hans Ellegren, Mats Larsson, Katalin Kariko, Drew Weissman, Alfred Nobel, Albert Einstein, Niklas Pollard, Simon Johnson, Johan Ahlander, Terje Solsvik, Elizabeth Pineau, Ayhan Uyanik, Christine Uyanik, Charlotte Van Campenhout, Michaela Cabrera, Alexandra Hudson, Rosalba O'Brien Organizations: Reuters, Max Planck, Quantum Optics, Lund University, Ohio State University, Royal Academy of Sciences, Thomson Locations: STOCKHOLM, Hungarian, Garching, Germany, French, Sweden, France, United States, Stockholm, Austria, Paris, COVID, Oslo, Krisztina, Budapest, Amsterdam

☆ Gavin Newsom Appoints Laphonza Butler to Fill Dianne Feinstein’s Senate Seat
▼ + stars: | 2023-10-02 | by ( Christine Mai-Duc | Eliza Collins | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, gavin, newsom

NEW YORK (AP) — For a while, Sam Bankman-Fried tried to convince politicians and the public that he was the next J.P. Morgan. The trial of Bankman-Fried, the founder of the failed cryptocurrency brokerage FTX, will begin Tuesday with jury selection. Political Cartoons View All 1190 ImagesThe 31-year-old Bankman-Fried founded FTX in 2019, and it grew rapidly. Bankman-Fried is expected come face-to-face with his former lieutenants at FTX for the first time since its collapse. She has previously said in a statement through her lawyers that she knew funneling FTX customers' money into Alameda was wrong.

Persons: Sam Bankman, Fried, Bernie Madoff, ”, Michael Zweiback, Zweiback, Zalduendo, FTX, SBF ”, J.P, Morgan, Tiger Woods, Justin Timberlake, Bankman, John Ray III, Caroline Ellison, Gary Wang, Ryan Salame, Salame, Ellison, funneling, Christine Adams, Adams, Andrew Ross Sorkin, Judge Lewis A, Kaplan, Changpeng Zhao, Larry Neumeister Organizations: Southern, of, Republicans, “ Prosecutors, Zalduendo LLP, Stanford University, Alameda Research, Alameda, Enron, FTX, Bankman, Prosecutors, The New York Times, NFTs, Securities and Exchange Commission, Binance, SEC Locations: Morgan, of New York, Washington, cryptocurrencies, Silicon Valley, FTX, The Bahamas, Albany, Alameda, Bahamas, New York, Palo Alto , California

☆ Gavin Newsom to Appoint Laphonza Butler to Fill Dianne Feinstein’s Senate Seat
▼ + stars: | 2023-10-01 | by ( Christine Mai-Duc | Eliza Collins | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, gavin, newsom

☆ To Replace Feinstein, Newsom Walks Tightrope of Politics and Racial Representation
▼ + stars: | 2023-09-29 | by ( Christine Mai-Duc | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, feinstein, newsom

Underwood Archives/Getty Images Feinstein gets her makeup touched up for a photo shoot in San Francisco in 1955. Bettmann Archive/Getty Images Feinstein attends a campaign event for her mayoral run in San Francisco in 1971. Clem Albers/San Francisco Chronicle/Getty Images Feinstein attends a memorial service for assassinated Supervisor Harvey Milk in San Francisco in 1978. Roger Ressmeyer/CORBIS/VCG/Getty Images Feinstein speaks at the signing of an anti-gun bill at San Francisco City Hall in 1982. Douglas Graham/CQ Roll Call/Getty Images Feinstein greets first lady Hillary Clinton at the 2000 Democratic National Convention in Los Angeles.

Persons: Washington CNN — Dianne Feinstein, Feinstein, Gavin Newsom, Newsom, NBC’s “, ”, Feinstein’s, Ramsay Hunt, I’m, “, ” Feinstein, Lindsey Graham, Amy Coney Barrett, Leah Millis, Nancy Pelosi, Democratic Sen, Dick Durbin, Kevin McCarthy, Chuck Schumer, “ Dianne Feinstein, ” Schumer, Sen, Dianne Feinstein, Joe Biden, Celeste Sloman, Dianne Emiel Goldman, George Moscone, Harvey Milk, Duke Downey, Clem Albers, Janet Fries, Quentin Kopp, Sal Veder, Richard Blum, Walter Mondale, Georges, Roger Ressmeyer, Steve Ringman, Tony Bennett, Jeff Reinking, Neal Ulevich, Bishop Desmond Tutu, Eric Risberg, Willie Brown, Cecil Williams, Dr, Martin Luther King Jr, Paul Sakuma, Kim Komenich, Mark Reinstein, Barbara Boxer, Alan Greth, Ruth Bader Ginsburg, Carol Moseley, Braun, Doug Mills, Charles Tasnadi, Kathleen Brown, Bill Clinton, Dirck Halstead, Lisa Leslie, Gigi Goshko, Douglas Graham, Hillary Clinton, Clinton, Paul J, Richards, Orrin Hatch, Patrick J, Leahy, William H, Pryor Jr, Scott J, Ferrell, Arnold Schwarzenegger, Schwarzenegger, Tim Sloan, Rick Friedman, Condoleezza Rice, George W, Bush, Colin Powell, Chuck Kennedy, John Roberts, Mark Wilson, Eileen Mariano, Mariano, interning, Tom Williams, Carson, Jay L, Barack Obama, Ralf, Finn Hestoft, Hina Rabbani Khar, Brendan Smialowski, Jacquelyn Martin, AP Sen, Chuck Grassley, Christine Blasey Ford, Brett M, Kavanaugh, Ford, Donald Trump, Chip Somodevilla, Barrett, Bonnie Cash, Graham, Samuel Corum, Jonathan Ernst, Simone Biles, Larry Nassar, Aly Raisman, Maggie Nichols, McKayla Maroney, Bob Dole, Oliver Contreras, Kent Nishimura, Kevin Dietsch, Dianne Feinstein's, Moscone, Milk, CNN’s Dana Bash, Dan White, ‘ Dan, ’, Harvey, California’s, Bash, Richard Blumenthal, Bill Clark, Annette Bening, Donald Trump’s, South Carolina Republican Lindsey Graham’s Organizations: Washington CNN, Senate, California Democratic, Democratic, Press, Democrats, Democratic Party, Capitol, Senate Intelligence, California Democrat, Capitol Hill, CNN, Golden State ”, Illinois, Republican, New York Times, Underwood Archives, Getty, San Francisco City Hall, San Francisco, of Supervisors, Bettmann, San Francisco Chronicle, San Francisco Ice Company, White, Steiner, Forbidden, Democratic National Convention, United States Senate, United, United States women's, team, Convention, Washington Post, Circuit, Images California, McClatchy, Tribune, Service, Supreme, California, Rancho, Pakistan's, AP, Committee, White House, Los Angeles Times, Stanford University, San, Supervisors, Administration Committee, federal, Inc, South Carolina Republican, Judiciary, Intelligence, Appropriations Locations: Washington, California, San Francisco, America, ” San Francisco, Washington , DC, DC, Forbidden City, Beijing, China, Feinstein , California, Los Angeles, United States, New York, AFP, Boston, Rancho Bernardo, San Diego, San Francisco , California, Maryland, San Francisco County, Richard Blumenthal of Connecticut

But recently higher oil prices are casting a shadow over prospects for quickly beating inflation down to the central bank’s target of 2%. The fall in core inflation “reinforces our view that the ECB has finished raising interest rates,” said Jack Allen-Reynolds, deputy chief eurozone economist at Capital Economics. He predicted that the overall inflation rate would tumble to 3.5% by the end of the year. But higher rates also can weigh on economic growth, leaving the central bank facing a balancing act over how far to go. Many economists think the ECB has finished raising rates unless something drastic happens to keep inflation from falling further.

Persons: —, ”, Jack Allen, Reynolds, Christine Lagarde, paychecks don’t Organizations: European Central Bank, Eurostat, ECB, Capital Economics, Federal Reserve Locations: FRANKFURT, Germany, U.S, Russian, Ukraine, Moscow, Europe, Saudi Arabia, Russia

☆ Trump loses bid to recuse judge from federal election interference case
▼ + stars: | 2023-09-27 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

The judge rejected that argument, writing Wednesday "the court has never taken the position the defense ascribes to it." The Jan. 6, 2021, riot is a central element of the prosecution's claims about Trump in the Washington case. Trump's lawyers wrote that the remark in Priola's hearing sent an "inescapable" message: "President Trump is free, but should not be." And she said that she "has never taken the position the defense ascribes to it: that former 'President Trump should be prosecuted and imprisoned.'" Trump has slammed Chutkan as a "biased, Trump Hating Judge."

Persons: Donald Trump, Tanya Chutkan, Chutkan, Trump, Joe Biden, Jack Smith, Biden, Christine Priola, Robert Palmer, Palmer, Mr, Barack Obama, Smith Organizations: Wednesday, Washington , D.C, Capitol, Trump, U.S . Capitol Locations: Washington ,, U.S, Washington, Trump

Which Candidates Got the Most Speaking Time in the Second Republican DebateSeven candidates took the stage for two hours in Simi Valley, Calif., for the second Republican presidential debate. We tracked how long they talked, the topics they discussed and how often they were attacked by their opponents. See real-time updates from our reporters. Who got the most speaking time? Which subjects were discussed the most?

Persons: Who Organizations: Republican Locations: Simi Valley, Calif

☆ Judge Denies Trump’s Request That She Recuse Herself in Election Case
▼ + stars: | 2023-09-27 | by ( Alan Feuer | More About Alan Feuer | ) www.nytimes.com time to read: +1 min

Seeking to disqualify a judge is a challenging and precarious move — one that, if it fails (which it often does), runs the risk of annoying the person granted the power to make critical decisions in the case. Mr. Trump’s lawyers filed their recusal motion two weeks ago, after Judge Chutkan handed them a significant defeat by scheduling the trial for March, much earlier than they had requested, but before they had filed any substantive motions to attack the charges Mr. Trump is facing. A judge’s decision to remain on a case is generally not subject to an immediate appeal — though Mr. Trump’s lawyers could in theory try. Judge Chutkan’s ruling not to disqualify herself came as she considers a potentially significant development in the case: whether to grant the government’s request to impose a gag order on Mr. Trump’s public statements about the case. In asking Judge Chutkan to step aside, Mr. Trump’s lawyers cited statements she had made about the former president at hearings for two defendants facing sentencing for crimes they committed on Jan. 6.

Persons: Judge Chutkan, Trump, Judge Chutkan’s, Christine Priola, Robert Palmer, ” Organizations: Capitol, ” Locations: Cleveland, Florida

☆ Need a Visa to Go to Europe? Get in (a Very Long) Line.
▼ + stars: | 2023-09-27 | by ( Christine Chung | More About Christine Chung | ) www.nytimes.com time to read: +1 min

For most travelers from the United States, going to Europe is a relatively smooth experience, without the need to apply for visas or pay steep fees for short visits. These appointments, usually outsourced to for-profit companies, have been scarce in recent months. Applicants have failed to receive visas in time for their trips, or receive visas for the full duration of their travel. Ms. Yildirim, an assistant professor, said that she had applied for at least 10 Schengen visas in recent years. There are no visa centers in her area, forcing her to travel to other states for hard-to-find appointments.

Persons: Yildirim, it’s Organizations: Turkish, Travelers Locations: United States, Europe, Knoxville, Tenn, Europe’s, Turkey, India, South Africa, China

☆ Levi's Strauss CEO says his biggest mistake was not firing the wrong people fast enough
▼ + stars: | 2023-09-27 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +3 min

I had 11 direct reports, and in the first 18 months, nine of them were gone," Charles Bergh, CEO of Levi's Strauss, said. Still, Bergh told CNBC's Christine Tan that his biggest regret was not firing the wrong people fast enough. Charles Bergh, CEO of Levis Strauss & Co., speaks during the 2015 Fortune Global Forum in San Francisco, California, U.S., on Tuesday, Nov. 3, 2015. Expanding footprint in AsiaOne promising area for Levi's growth is its expansion in Asia. Sopa Images | Lightrocket | Getty Images

Persons: Charles Bergh, Levi's Strauss, Bergh, CNBC's Christine Tan, Levis, Levi's, it's, Edward Berthelot, " Bergh, Levi Organizations: Levis Strauss &, Global, Bloomberg, Getty, New York, CNBC Locations: Midtown Manhattan, San Francisco , California, U.S, New, New York City, Asia, Hong Kong

☆ Levi's CEO fired more than half of his execs during his first 18 months in the role and regrets not letting go of some staff more quickly
▼ + stars: | 2023-09-27 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Bergh became CEO of Levi's in 2011 at a time when sales and brand loyalty were faltering. "The easiest way to change the culture is to change the people," Bergh told CNBC in an interview. Bergh became president and CEO of the company in 2011 when sales were faltering and brand loyalty was fading. Although he had a tough stance on firing, Bergh said that there were still times when he didn't act quickly enough to remove people who weren't the right fit. When asked about his biggest regrets, Bergh replied: "This is a corny saying and it gets said a lot, but probably not exiting people soon enough when I knew that there was something not right."

Persons: Charles Bergh, Bergh, —, Levi Strauss, Chip Bergh, CNBC's Christine Tan, Tan, " Bergh, it's, Michelle Gass Organizations: CNBC, Service

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