For Luxury Brands, China Is the New China
A.M. Edition for July 25. Middle-class Chinese consumers are reining in their spending amid broader economic malaise in the country. WSJ luxury goods reporter Nick Kostov says that\u2019s denting earnings across luxury-goods brands, but that the industry is doubling down on its efforts to attract customers there. Plus, President Biden signals he has more work to do despite ending his reelection bid. And the NBA inks landmark TV and streaming deals. Luke Vargas hosts.\n\n\n\nSign up for the WSJ\u2019s free What\u2019s News newsletter.\xa0\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices