China Problems for US Sportswear Giant Nike As Shares Tumble | The Pulse 12/19

Nike shares sank after the company warned that sales will decline this quarter amid persistent weakness in China and at its Converse brand. The world’s largest sportswear company expects revenue to be down in the low-single digits in the three months that started Dec. 1, a surprising turn after two straight periods of growth. Today's guests: Michael Metcalfe, State Street, Head of Macro Strategy; Chris Brett, CBRE, Capital Markets Europe Head; Vania Stavrakeva, London Business School Professor; Anton Osika, Lovable CEO & Co-Founder; Amy Gower, Morgan Stanley, Metals and Mining Strategist. (Source: Bloomberg)