ordered Adidas to ‘start to make new designs’ — hours after he was embarrassingly escorted out of the headquarters of rivals Skechers, amid the rapid implosion of his business empire.
On Wednesday night he also appeared to reference his declining financial clout, noting: ‘I haven’t got super model pu**y in over a month.Please send help.’
His girlfriend of the past few weeks, Brazilian 24-year-old Juliana Nalu, is a model.
West, 45, on October 9 tweeted that he would go ‘death con 3’ on ‘JEWISH PEOPLE,’ an apparent reference to Defcon, the U.S.military defense readiness system.
His Twitter and Instagram accounts were blocked in response and his lucrative deals with Adidas, Gap, Balenciaga and Vogue all abruptly ended — but the rapper was unrepentant, .
West on Monday was , but on Tuesday an analyst said that the German-based sportswear company intends to sell existing Yeezy product designs using its own branding.
The company said it would cease production of Yeezy-branded products and halt all payments to West and his businesses, but added that it is the owner of the Yeezy design rights.
‘Adidas is the sole owner of all design rights to existing products as well as previous and new colorways under the partnership,’ the company said.
West on Wednesday issued his first response to their statement.
Kanye West on Wednesday evening issued his first response to being dropped by Adidas on Monday — a move which cost him $1.5 billion
West is seen on October 19 with his new girlfriend, Brazilian model Juliana Nalu, 24, at a Beverly Hills restaurant
‘As to Adidas, you can start to make new designs for footwear, apparel and accessories immediately,’ he wrote in a text to a ‘Quinn Emmanuel’, screenshotted and shared to Instagram.
West has previously been represented by law firm Quinn Emanuel Urquhart & Sullivan, but Alex Spiro, a partner at the firm, said he was not involved.
West ‘asked me to be his attorney but the representation never formalized,’ said Spiro, whose other clients include Elon Musk.’I do not represent Mr. West.’
West, in the text, continued: ‘As to Gap, the non-compete expires December 15, 2022.
‘You own the Yeezy name and all trademarks associated with Yeezy.’
West on Wednesday was removed from Forbes’ list of billionaires, with the magazine concluding that without Adidas he is worth $400 million.
His fortune comes from real estate, cash, his music catalog and a 5 percent stake in ex-wife Kim Kardashian’s shapewear firm, Skims.
The deal with Adidas brought West an estimated $1.5 billion.
On Wednesday afternoon, Westwas embarrassingly escorted out of Skechers headquarters after showing up unannounced to pitch his Yeezy brand, one day after and having his songs banned by Peloton.
He was taken out by two ‘executives’ according to a statement released by the company Wednesday afternoon.
said in a statement: ‘Considering Ye was engaged in unauthorized filming, two Skechers executives escorted him and his party from the building after a brief conversation. Skechers is not considering and has no intention of working with West.
‘We condemn his recent divisive remarks and do not tolerate antisemitism or any other form of hate speech.The Company would like to again stress that West showed up unannounced and uninvited to Skechers corporate offices.’
Kanye West was spotted looking in good spirits at a bagel shop on Wednesday before his visit to Sketchers
He was seen near a parking lot before he was escorted out of Sketchers HQ
Kanye West, pictured on October 21, was escorted out of the building by ‘executives’ Wednesday after showing up unannounced to pitch Yeezy after he was dropped by Adidas
Skechers officials worked quickly to remove West from the Manhattan Beach building and release a statement saying they do not condone hate or antisemitism of any kind
The firestorm involving the rapper started when he took to Twitter to say he wanted to go ‘death con 3’ on Jewish people who had apparently wronged him
West may have faced additional opposition if he had gotten a preapproved sit-down meeting with Skechers executivesThe rapper’s removal from the shoe brand’s office comes mere hours after Adidas announced that it will continue to sell Yeezy products while removing the rapper’s moniker.
Management said that they will sell the items under their own brand at the beginning of 2023, according to analysts.
Adidas broke off their mega-million dollar deal with Ye Tuesday after pressure from fans over the rapper and designer’s recent antisemitic comments.
‘I can say antisemitic things and Adidas can’tt drop me,’ Ye had previously stated.
‘Looking ahead, on our understanding, the company will not sell any Yeezy-branded products and all Yeezy products willthat they have ‘indefinitely paused’ the inclusion of any songs by Ye in their classes.
‘We take this issue very seriously and can confirm Peloton indefinitely paused the use of Kanye West’s music on our platform, the statement said. If you’re ready to see more information on EVden EvE NaKliYat check out our own internet site.
‘This means our instructors are no longer using his music in any newly produced classes and we are not suggesting any class that includes his music in our proactive recommendations to Members.
‘You should know this was a decision we made immediately following his remarks.Again, thank you for sharing your concerns and thank you for being a Member of our Peloton community.’
One Peloton instructor, Alex Toussaint, went so far as to comment on the
‘Cause I love everybody, I want to make sure everybody feels safe in my environment, in my classes, I’m not going to speak too much on it because you know I stand with you.
‘You will not hear that artist in my class,’ Toussaint said.’I promise y’all I do not support hate speech, whatsoever, baby. I don’t tolerate that at all all.’
It’s been loss after loss for Ye, who also lost his partnership with GAP, who immediately pulled his merchandise from their dedicated website after announcing that they were no longer working with him.
The company condemned West’s comments Tuesday, saying that were taking ‘immediate steps’ to remove Yeezy GAP products from their stores and shut down their website.
‘On behalf of our customers, employees and shareholders, we are partnering with organizations that combat hate and discrimination.’
Universal Music’s Def Jam has also condemned West’s comments, after splitting with the rapper last year.
They said: eVden eVe NAkLiYat ‘Def Jam’s relationship with Ye as a recording artists, its partnership with the GOOD Music label venture and Ye’s merchandise agreement with Bravado all ended in 2021.
‘There is no place for antisemitism in our society.We are deeply committed to combating antisemitism and every other form of prejudice.’
The rapper was also dropped Monday by talent agency CAA.
In a statement GAP said: ‘Anti-Semitism, racism and hate in any form are inexcusable and not tolerated in accordance with our values.
His Twitter and eVden eVe NaKLiyaT Instagram accounts were restricted, with the social media platforms saying they removed his posts that online users condemned as antisemitic.
U.S. weekly jobless claims increase, labor market remains tight
Weekly jobless claims increase 13,000 to 196,000
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Four-week moving average of claims falls 2,500 to 189,250
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Continuing claims rise 38,000 to 1. For those who have virtually any inquiries regarding exactly where in addition to the way to use eVdEN EVe nAkliYat, you are able to email us with the web-site. 688 million
By Lucia Mutikani
WASHINGTON, Feb 9 (Reuters) — The number of Americans filing new claims for unemployment benefits increased more than expected last week, but the underlying trend continued to point to a tight labor market.
The jobs market has remained resilient despite growing economic headwinds from the Federal Reserve’s interest rate increases.While labor market strength keeps the U.S. central policy on its monetary policy tightening path, it also suggests that a much anticipated recession is nowhere near.
«We would be crying wolf if we said we thought there was a recession signal in the weekly unemployment claims data this week,» said Christopher Rupkey, chief economist at FWDBONDS in New York.»Recession is not around the corner with layoffs this low, and the downturn, if it is coming at all, is months away.»
Initial claims for state unemployment benefits rose 13,000 to a seasonally adjusted 196,000 for the week ended Feb.4, the Labor Department said on Thursday. That was the first increase in claims since the second last week of December. Economists polled by Reuters had forecast 190,000 claims for the latest week.
The four-week moving average of claims, considered a better measure of labor market trends as it strips out week-to-week volatility, fell 2,500 to 189,250, the lowest level since last April.Unadjusted claims rose 9,628 to 234,654 last week.
There was a jump in claims in California as well as notable increases in Ohio and Illinois. Those rises offset decreases in Georgia, New Jersey and Texas.
Claims have remained low despite high-profile layoffs in the technology industry as well as the interest rate-sensitive finance and housing sectors.Walt Disney and Zoom Video Communications added to the growing list of companies laying off workers, announcing 7,000 and EVDEn EVE naKliyAT 1,300 jobs cuts, respectively, this week.
Economists say most of the companies, especially in the technology industry, overhired during the COVID-19 pandemic.They noted that small businesses continued to seek workers.
There is anecdotal evidence that companies are generally reluctant to lay off workers after experiencing difficulties recruiting during the pandemic.
Workers remain scarce in some industries.There were 1.9 job openings for every unemployed person in December, EVDEn eVe nakLiYAt government data showed last week. According to an Institute for Supply Management survey last Friday, some services businesses in January reported they were «unable to hire qualified labor,» saying that «supply is thin.»
U.S.stocks opened higher. The dollar fell against a basket of currencies. U.S. Treasury prices rose.
STRONG JOBS MARKET
Economists speculated that severance packages were delaying the filing of unemployment benefits claims, while the abundance of vacancies made it easier for laid-off workers to find jobs.
«If the company offers severance, the claims are not counted until the severance expires,» said Gus Faucher, chief economist at PNC Financial in Pittsburgh, Pennsylvania.»But even so, the job market remains remarkably strong.»
Economists also believed that seasonal adjustment factors, the model the government uses to strip out seasonal fluctuations from the data, were keeping claims lower.
The seasonal adjustment factors for 2023 will be updated at the end of March.Applying the average seasonal factors for the prior two years with the same calendar configuration as 2023 would put claims at 210,000 in the latest week and a four-week average of 200,000, according to Conrad DeQuadros, senior economic advisor at Brean Capital.
«Nonetheless, this would still be a low reading on claims and indicate that either involuntary separations remain low and/ or those who lose their jobs are quickly re-employed elsewhere,» DeQuadros said.»There is no sign of easing of labor market tightness here.»
The claims report also showed the number of people receiving benefits after an initial week of aid, a proxy for hiring, rose 38,000 to 1.688 million during the week ending Jan. 28.
Lower layoffs have been a major contributor to strong job gains.The government reported last Friday that nonfarm payrolls surged by 517,000 jobs in January, the most in six months, after rising by 260,000 in December. The unemployment rate fell to more than a 53-1/2-year low of 3.4% from 3.5% in December.
Fed Chair Jerome Powell said on Tuesday that the central bank’s fight to tame inflation could last «quite a bit of time,» in a nod to January’s blowout job gains.Since March, the U.S. central bank has hiked its policy rate by 450 basis points from near zero to the 4.50%-4.75% range. (Reporting by Lucia Mutikani; Editing by Chizu Nomiyama and Paul Simao)