Bloomberg Businessweek

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Lululemon Athletica Inc. lowered its full-year outlook for a second straight quarter, reflecting the deepening challenges incoming Chief Executive Officer Heidi O’Neill will face when she takes over the top job next week. The weak results and slashed guidance suggest that O’Neill’s task will be a difficult one as she looks to pull the company back from an extended slowdown and missteps that sparked a management reset. A former Nike Inc. executive, O’Neill is scheduled to take the reins on Tuesday, more than four months after being named to the role.
The results are “bad all around” said Bloomberg Intelligence senior analyst Poonam Goyal, who doesn’t see the company’s performance improving anytime soon. “Even with Heidi joining next week, the issue is product innovation — and that fix doesn’t happen overnight,” Goyal said. Guest hosts Christina Ruffini and Lisa Mateo speak with Goyal for more.
See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Maggie Timoney, Heineken USA CEO, joins Businessweek Daily live from the grounds of the US Open to discuss the company's longstanding partnership with the USTA. At this years' tournament, Heineken announced Serena Williams as the drink makers first ever Heineken 0.0 Global Ambassador.
See omnystudio.com/listener for privacy information.

Featuring some of our favorite conversations of the week from our daily radio show “Bloomberg Businessweek Daily.”

Hosted by Carol Massar and Tim Stenovec Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.
You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News. Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW
See omnystudio.com/listener for privacy information.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF
Tennis superstars Serena and Venus Williams play open mixed doubles Friday night, drawing a crowd to the Billie Jean King Tennis Center in Queens, NY ahead of Labor Day Weekend. Between the food, drinks, interactive viewing options, and fan experiences -- the USTA and its partners say they work year-round to put on the massive event. Bloomberg Businessweek Daily is live from the grounds of the US Open, speaking to tennis industry experts and the companies that turn the sports tournament into a viral event.
On today's episode:
Jon Wertheim, Sports Illustrated Senior Editor & 60 Minutes Correspondent
Ben Rothenberg, Tennis Reporter
Kameryn Stanhouse, IBM Global VP of Sports & Entertainment & Tyler Sidell, IBM Technical Director
Chris Studley, USTA Managing Director of Event Services
See omnystudio.com/listener for privacy information.

US job growth surged in August and the unemployment rate held steady, suggesting the labor market has more momentum than previously thought. Nonfarm payrolls increased 162,000 last month and July’s job losses were revised away, according to Bureau of Labor Statistics data out Friday. The August increase topped all estimates in a Bloomberg survey. The unemployment rate remained at 4.1%.
Bloomberg's Tom Keene and Damian Sassower get reaction from:
Claudia Sahm, Chief Economist at New Century Advisors, brings us into the jobs report
Amy Wu Silverman, Head: Derivatives Strategy at RBC, reacts to today's jobs report
Kristina Campmany, Senior Portfolio Manager at Invesco, talks about the bond market's reaction to jobs
See omnystudio.com/listener for privacy information.