Apple Names Ahrendts to Run Retail

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Oct. 15 (Bloomberg) -- Apple hired Burberry Group CEO Angela Ahrendts as head of retail operations, ending a yearlong search and adding the first woman to its 10-member executive team. Tom Keene reports on Bloomberg Television's "Bloomberg Surveillance." (Source: Bloomberg)

Say in his speech.

They are all very different.

Some of them, you cannot even understand what they are talking about.

I think the main criteria is you have to thank your family.

Something else on the agenda?

I am looking at apple and burberry.

I do not think it is a big deal, but it is an interesting deal, this idea of bringing over the flash, the video, the instagram in this digital with business is a big deal.

Where will she take that with apple, who is already successful?

With questions swirling, do they want to remain a high- priced, premium luxury brand or get into the emerging market?

No words about that.

Look at who they are hiring.

Some of those premium brands.

Citigroup shares, we have the full release on earnings and it looks like results of missed analysts estimates, down now, 100 to earnings-per-share.

Revenue, missing either way, whether you include the debt valuation adjustment or not, analysts were looking for 18 point $7 billion in the top line and citigroup did not make the match.

In terms of fixed income commodities, they both came in worse than analysts anticipated.

All right, we have got citigroup and apple, burberry on my agenda, the ongoing fiscal impasse, senate leaders may reach a deal.

They say they are close to an agreement today to extend the debt ceiling and the government shutdown, if passed, would extend the nations borrowing.

Is this kicking the can down the road or not?

Republican lawmakers are expected to meet this morning.

House republicans at 9 a.m.. that will be key.

A busy day today.

Yes, it is.

"bloomberg surveillance, --,"

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