New York City to mandate Covid vaccines for all private sector workers

This new move, which de Blasio announced Monday on MSNBC, means everyone who works in the city will now be subject to a vaccine mandate.

“The more universal they are, the more likely employees will say okay, it’s time. I’m going to do this. Because you can’t jump from one industry to another or one company to another,” de Blasio said. “It’s something that needs to be universal to protect all of us.”

At a press conference later on Monday, de Blasio said the vaccine mandate is the best way to avoid a return to a shutdown of businesses and other public events that other countries have ordered as Covid cases continue to rise.

“We need to take very bold action. We’re seeing restrictions starting to come back. We’re seeing shutdowns,” he said. “We can not let those restrictions come back. We can not have shutdowns in New York.”

Details about the how the rules will apply to businesses are due to be announced December 15, and de Blasio said the city will be holding discussions with businesses between now and then about those rules. The rules will not allow employees to opt out of vaccination through regular testing, as a proposed federal mandate for employers with 100 or more workers will do. And it will require workers to have at least one vaccination dose by the December 27 deadline.

The penalty that will be imposed on businesses that do not enforce the mandate were not disclosed.

“It is part of life that there have to be some consequences,” de Blasio said. “We’ll figure out what makes sense between now and December 15.”

The mayor said that the overwhelming majority of businesses have complied with an earlier city rule requiring customers to show proof of vaccination, including at the city’s restaurants, health clubs and entertainment venues. “It’s been amazing, [there have been] very few times we actually had to penalize people,” the mayor said.

De Blasio said the need for the new rules is a triple threat that is raising the potential for additional cases — the emergence of the Omicron variant, the coming of cold weather forcing people to congregate be inside more frequently, and the expectation of holiday gatherings in the weeks ahead.

The mandate itself will begin only four days before the end of de Blasio’s eight-year term in office. He told reporters that he had spoken to Mayor-elect Eric Adams, who is currently traveling outside the country. Although he said he would not speak for Adams, he’s confident that the new mayor wants to follow the advice of medical professionals and keep the vaccine mandate in place once he takes office.

“In every conversation we’ve had about fighting Covid, he’s been really consistent on the point that he is feeling urgency, about these new threats, and that he understands my job is to keep New Yorkers safe until Dec. 31,” he said. “I feel very, very good about the conversations we’ve had.”

And he said that the medical professionals he has spoken to are united in the need to increase the rate of vaccination, and their belief that a vaccine mandate will work to do that.

Children, ages 5 – 11 in New York will now also be required to show proof of at least one shot before being allowed access to indoor dining, fitness or entertainment, the mayor announced.

Adults will now be required to show proof of two vaccinations for those areas.

The mayor is confident the mandates will hold up in court.

“Our health commissioner has put a series of mandates in place. They have won in court, state court, federal court every single time. And it’s because they’re universal and consistent. And they’re about protecting the public right now from a clear and present danger,” de Blasio said.

City employees were already subject to vaccine mandates. But a federal mandate for businesses with 100 or more employees to require vaccines or weekly testing of its employees is on hold due to court challenges. Many major employers, including some Wall Street banks and tech companies with offices in the city, have their own vaccine mandates in place.

Surprise announcement

The announcement caught business leaders off guard.

“We had no heads up,” Kathryn Wylde, president and CEO of the Partnership for New York City, an influential business group, told CNN Monday in a phone interview.

Wylde said she was “surprised” to learn about the new health restrictions through the media because typically local leaders would give the business community a heads up about such a shift.

“It’s unclear if the city has authority to issue such a mandate,” Wylde said, adding that the city business leaders are “very supportive” of vaccines.

Although New York employers are not against vaccine mandates, Wylde said business leaders are looking for more information on how this new order will be enforced and whether employees can opt out through testing. City workers already faced such a mandate.

“Employers do not want to be enforcement agents,” Wylde said.

But the head of the Greater New York Chamber of Commerce praised the move.

“I don’t think it’s going to be an issue when it comes to private companies. Most of them are already vaccinated and require it,” said Helena Natt, executive director of the Greater New York Chamber of Commerce.

Natt said the move by the city is a “next step” in what needs to be done.

“We’re monitoring Covid, Delta, now we’re monitoring Omicron,” she said. “We’re watching the science and if the people of New York can watch to make sure they can do everything in their power to make sure [they] are safe and coworkers are safe.”

Biden's vaccine mandate is on hold, but companies are moving ahead anyway

Business leaders are also concerned about navigating the maze of federal, state and city health policies. For instance, unlike the city, New York State does not have a vaccine mandate for private employers. And the Biden administration’s vaccine mandate for employers with 100 or more workers has been held up by court challenges.

Wylde said there is concern over a lack of coordination for federal, state and city health policies. “Public health protocols generally, and vaccine mandates, should be coordinated and consistent with each other,” Wylde said.

But de Blasio said that the businesses he spoke to about Covid were supportive of a mandate.

“I’ve heard from so many business leaders, including in those sectors, like finance and tech, that the best thing for them is for government to lead the way,” he said. “It’s always better for the private sector if the government sets a single, universal standard, so they don’t have to … say to their employees, ‘Hey, this is something we’re going to do on our own.'”

He said what they really don’t want to see is the kind of spike in cases that requires a shutdown or stay-at-home orders now being put in place in parts of Europe.

“Our health care leadership was adamant that this was a step we could and must take,” he said. “We know from extensive conversations over months with private sector employers what their concerns are. The number one thing I’ve heard … is that we must avert shutdowns.”

— CNN’s Vanessa Yurkevich contributed to this report

EV maker Polestar to develop own platform, boost number of showrooms

The company is increasing the size of its showroom network — operated in the U.S. by select Volvo dealers — as it looks to dramatically grow its global sales in the coming years. Polestar said it is “on target” to reach its plan for 29,000 vehicle deliveries this year and expects to sell 290,000 annually by 2025, operating in 30 markets by the end of 2023.

“This adoption from internal combustion to EV is going to grow at a startling rate in the coming years, so naturally, with the advent of the network growing and the brand awareness and product portfolio continuing to grow, we’re going to be there with an offer,” Gregor Hembrough, head of Polestar USA, told Automotive News. Hembrough, along with Ingenlath, spoke with investors and media Thursday in New York.

Polestar said it will launch a new model every year for the next three years, beginning with the Polestar 3. The company debuted a new teaser image of the crossover Thursday, featuring the vehicle wrapped in camouflage. The four-door crossover has a sporty look, with a sloping silhouette and a front end marked by thin headlights.

Polestar said it will equip the model with hardware and electronics that would enable autonomous highway driving by the middle of the decade, including lidar sensors from Luminar Technologies and computer electronics components from Nvidia Corp.

Ingenlath, speaking with Automotive News, said Polestar is hesitant to label the system as having either Level 3 or Level 4 autonomy, though he described it as a “big, great step into the autonomous age.”

“We very clearly describe what it can do: It is you letting go in an autonomous situation on the highway, with the driver out of the loop and having hands off the steering wheel and the car taking over on that stretch,” he said. “Some would call that Level 4. If you’re very strict on what the definitions are, it’s more of a Level 3-plus.”

Polestar is also developing its own “bespoke aluminum space frame platform architecture,” a departure for the company, which has until now shared platforms with Volvo. The company expects to debut the platform on the Polestar 5.

Ingenlath said developing its own platform is crucial for Polestar so that it does not have to make compromises to vehicle design as it rolls out new models. He pointed to last year’s Precept concept as an example of how building on a unique platform can enable different designs.

“If we were to put that onto an available mass-production platform that we find in the toolbox of the group, we definitely would have compromised on the result,” he said.

In the meantime, Polestar said it would soon roll out over-the-air updates for purchase for the Polestar 2, including one that would provide a performance boost of 68 hp. The upgrade, which Polestar aims to roll out in the U.S. in early 2022, will sell for about 1,000 euros ($1,130) in most markets, a company spokesman said.

Why Tesla Stock Got Clobbered Today

What happened

Shares of Tesla ( TSLA -0.59{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} ) ran into a ditch Monday morning, sliding 4.8{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} as of 10 a.m. EDT on twin negative news items from Reuters and The New York Times.

So what

Let’s cover the more topical news from Reuters first. Remember how last week, Tesla stock got a brief pop, and investors had a chuckle, over news that Tesla was selling a limited edition “Cyberwhistle” shaped like its long-awaited (and still not here) Cybertruck? Well, today we learned what that inside joke was all about.

Turns out, a whistleblower within Tesla’s solar systems division (the artist formerly known as SolarCity) is alleging to the Securities and Exchange Commission that the company “failed to properly notify its shareholders and the public of fire risks associated with solar panel system defects over several years,” reports Reuters. The SEC is taking the allegations seriously and has opened an investigation. Although both the SEC and Tesla declined to comment, Reuters reports that the scale of the scandal could be significant, affecting “more than 60,000 residential customers in the U.S. and 500 government and commercial accounts.”  

Meanwhile, The New York Times is reporting that Tesla “may have undermined safety in designing its Autopilot driver-assistance system” for electric cars. This second report focuses on Elon Musk’s desire to have Autopilot rely exclusively on camera data to interpret its environment, rather than supplementing cameras with radar and lidar sensors as other car companies are trying to do. According to NYT, the National Highway Traffic Safety Administration is now investigating whether this decision might have contributed to “at least 12 accidents in which Teslas using Autopilot drove into parked fire trucks, police cars and other emergency vehicles.”  

NHTSA is also considering whether Musk may have misled car buyers into thinking that Autopilot’s “full self driving” (FSD) capability was what its name suggests — a fully autonomous system — when its actual capabilities were, in Musk’s own words, “not great.”

Lady looks askance at a red stock arrow going down

Image source: Getty Images.

Now what

How big a risk do these twin investigations pose to Tesla’s business? The SEC investigation, I suspect, will produce at most a fine from the agency and some reputational damage to Tesla’s relatively tiny energy generation and storage business, which, honestly, doesn’t produce a whole lot of profit for Tesla in any case. Of the two news items, I’d say it’s the less significant.

There’s greater risk of fines, recall costs, and reputational damage in the NHTSA investigation. But even there, well, with Tesla continuing to produce data showing that Tesla cars using Autopilot are crashing at a rate of only one accident per 4.41 million miles driven (versus a crash every 484,000 miles for ordinary drivers in ordinary cars), the data sure seems to suggest that — headlines notwithstanding — Autopilot increases driver safety by a factor of nine, rather than subtracting from it at all.  

With the stock down only a few percentage points, investors — while a bit nervous today — by and large seem to think that Tesla will come out of both of these investigations looking just fine.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis – even one of our own – helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

Jaguars vs. Rams injury report, spread, over/under, schedule, live stream, TV channel

The Jacksonville Jaguars will face off the Los Angeles Rams in Week 13 and will try to put an end to a three-game streak. Although the Rams have also lost three games in a row, they have significantly more talent on both sides of the ball than the Jags and are favored to win.

If the Jaguars want to beat Los Angeles, they must avoid shooting themselves on the foot and cut down on penalties. They’re getting flagged an average of seven times per game. Also, they will need to complete more than 50 percent of their third-down attempts for the second consecutive game.

It will be a tall order for the Jaguars to pull off the upset but they beat the Buffalo Bills in Week 9 even though they were an underdog in that game. Will they work their magic in LA? It remains to be seen. In the meantime, here’s all the info you need to know for the game.

Jaguars Injury Report vs. Rams Week 13.

The Jaguars have already ruled out cornerback Shaquill Griffin with a concussion Sunday. Veteran Nevin Lawson, who took his place against the Atlanta Falcons in Week 14, will most likely get the starting nod once again. Running back James Robinson is listed as questionable but it’s unlikely that he will sit out.

The former Illinois State Redbird has been dealing with a heel injury since Week 8 but racked up 17 carries for 86 yards last week. He might get a similar workload vs the Rams. On a side note, the Jaguars announced Saturday they’ve activated rookie defensive tackle Jay Tufele from injury reserve/designated for return.

On the Rams’ sideline, wide receiver Odell Beckham Jr. got the questionable tag but head coach Sean McVay feels confident he will play. Offensive lineman Rob Havenstein, running back Darrell Henderson, and cornerback David Long were also listed as questionable. Running back Rudy Howell is out for the game.

Jaguars Odds and Betting Pick Week 13.

The Jaguars are a 14-point underdog with a moneyline of +490, according to WynnBET. Bet $100 on them and win $490 for a total payout of $590. The Rams’ moneyline is set at -690. To win $100, you have to place a wager of $690.

If you think the Jags will pull off the unlikely upset, you may want to take their moneyline. The over/under for the game is set at 48.5.

Wynn Bet Promo: Bet $1, Win $100 if any NFL or college football team scores. Claim offer now.

What Channel Will The Jaguars Game Be On?

You can watch this one on Fox but if you prefer to listen to it, you can tune in 1010XL/92.5 FM. will call the game. If you are in the Los Angeles area, you can check the game on ESPN LA 710 AM and 93.1 Jack FM or watch it on FOX.

Jaguars vs. Rams Live Stream.

If you have a computer, a mobile, or a tablet, you can live stream the game on FuboTV. Click here for your 7-day free trial.

Jaguars’ Next Game, Schedule.

In Week 14, the Jags will face off against the Tennessee Titans at Nissan Stadium. They will return home in Week 15 and take on the Houston Texans. They will play against the New York Jets in Week 16 and travel to Foxborough to face off against the New England Patriots.

Week 14: @ Tennessee Titans

Week 15: vs. Houston Texans

Week 16: @ New York Jets

Week 17: @ New England Patriots

US coronavirus: The US is averaging more than 100,000 new Covid-19 cases a day, the highest level in two months

The seven-day moving average of new cases was 121,437 as of Saturday, according to data from Johns Hopkins University (JHU). Prior to this week, the US last topped the 100,000-cases-a-day mark in early October.

Also on the rise is the number of Covid-19 deaths, with a seven-day average of 1,651 people dying from the virus each day as of Saturday, the JHU data showed. Average daily deaths haven’t been this high in more than a month.

The vast majority of new cases in the US continue to be from the Delta variant, but US health officials have detected the new Omicron coronavirus variant in at least 16 states as of Saturday.

The first case was found in California on Wednesday, and by the weekend the variant had been identified in 15 other states: Colorado, Connecticut, Hawaii, Louisiana, Maryland, Massachusetts, Minnesota, Missouri, Nebraska, New Jersey, New York, Pennsylvania, Utah, Washington, and Wisconsin.

The Omicron variant has been alarming officials because early indications show it could be more contagious than the original strain, and the significant number of mutations it carries poses a potential risk of reducing some of the effectiveness the current vaccines provide. Scientists are working to determine the severity and transmissibility of Omicron — but that could take weeks, officials have said.

Still, the US is more equipped now to deal with the newly detected variant than it was during the onset of the pandemic, US Surgeon General Dr. Vivek Murthy said Thursday.

What the Omicron variant means for the holidays

“We are in such a different place now than we were one year ago because we’ve learned a lot more. We have vaccines available. We have far more tests available, and what we’ve got to do to get through this winter is to make sure that we are doubling down on our vaccination strategy,” Murthy told CNN.

The surgeon general stressed that even though there’s a lot to learn about the new variant, mitigation efforts, including masks and hand hygiene combined with physical distancing, remain effective in providing some protection.

Just under 60{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} of the total US population is fully vaccinated and nearly 23{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} of those have received a booster, according to the latest data from the US Centers for Disease Control and Prevention (CDC).

Delta remains the dominant strain in the world

While the Omicron variant has the potential to become the dominant strain in the US, the Delta variant continues to show up in 99.9{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} of coronavirus cases, according to Dr. Rochelle Walensky, director of the CDC.

“We know what we need to do against Delta, and that is get vaccinated, get boosted if you’re eligible and continue all of those prevention measures, including masking. And those are very likely to work against the Omicron variant,” Walensky told CNN chief medical correspondent Dr. Sanjay Gupta.

Travel restrictions by country following the Omicron variant outbreak
The Delta variant managed to take over the entire nation in the early weeks of summer, changing the outlook as vaccines were rolling out and becoming more widely available. The variant continues to rage in hotspots across the country.
More than 59,000 Americans are hospitalized with Covid-19, according to data from US Department of Health and Human Services. And overall, hospitalizations have been on the rise for more than three weeks.
The World Health Organization said the Delta variant has outcompeted other variants in most countries — making it the most common strain in much of the world.

“Even if the Omicron strain doesn’t turn out to be any worse, we are losing close to a thousand people every day from the Delta variant, and that in and of itself is a reason for people to get boosted,” Dr. Richard Besser, former acting director of the CDC, told CNN earlier this week.

A medical worker seals a test tube with a Covid-19 nasal swab at the Dignity Health-GoHealth Urgent Care testing site in the international terminal at San Francisco International Airport in California, on December 2, 2021.

Stricter travel rules to begin Monday

Dr. Anthony Fauci said earlier this week that traveling during the holidays is OK — but getting vaccinated and boosted are a must.

“Just as I said and I’ll say it again, if you have a vaccinated situation, enjoy the holidays with your family in a family setting,” said Fauci, the director of the National Institute of Allergy and Infectious Diseases, at a CNN Global Town Hall.
For international travelers, proof of a negative Covid-19 test within one day of departure for the US will be required as of Monday, the Biden administration announced Thursday. Previously a test could be taken up to three days before entering the country.

Plus, any foreign national who travels to the US must be fully vaccinated, though there is no vaccination requirement for American citizens for air travel, either globally or domestically.

However, the White House said this week that a vaccine requirement for domestic travel remained on the table as an option for the future.

CNN’s Deidre McPhillips, Jamie Gumbrecht, Jen Christensen, Maggie Fox, Travis Caldwell and Naomi Thomas contributed to this report.

Go inside Gucci with creative director Alessandro Michele

You don’t need to speak much Italian to know the word Gucci. For 100 years, the brand with its double G logo has been synonymous with opulence, understated luxury and over-the-top prices.  

Tonight, we’re going to introduce you to Alessandro Michele, Gucci’s creative director.  In the seven years since he took the job – he’s blown the doors off the legendary fashion house. Michele swapped out Gucci’s signature sophistication for something he calls “beautiful strangeness” and tripled sales in the process.

For one night last month, Gucci cleared Hollywood’s walk of fame of tourists and transients and replaced them with a spectacle that suits what Gucci has become: a product of Alessandro Michele’s imagination, in which too much is never enough.

Alessandro Michele: It’s about things that shine. And it’s about the things, you know, that scream.

Sharyn Alfonsi: Some of the clothes really scream, right? (LAUGH)

Alessandro Michele: Sometimes.

Sharyn Alfonsi: I don’t feel like you could be a shy person and pull some of those looks off.

Alessandro Michele: I think that fashion is to let the people hear your voice in a way you know.

gucciscreengrabs02.jpg
  Alessandro Michele

Michele’s voice is a little out of tune – by design. Some of his looks seem ripped from the back of grandmother’s couch. Others from the dressing room of a Reno cabaret. Is it androgeny chic or crusader couture? It’s impossible to define.

In the weeks leading up to the Hollywood show, we watched Michele fussing over the finishing touches.  Adding the perfect bag, coat or this – some kind of ski mask for a cyclops.

Sharyn Alfonsi: When we were watching you with the models you would say, “Bella,” if you liked something. (LAUGH) And then if you were really happy you said, “Stupendo.” (LAUGH) What’s the difference? How do you go from “bella” to “stupendo”?

Alessandro Michele: Bello is– that it’s working. Stupendo, it means that it’s mesmerize you. It’s– it’s something that look fabulous, you know? 

Sharyn Alfonsi: Do you feel it?

Alessandro Michele: You feel it. We feel it both, you know? Not just me the model, and the people. It’s– it’s mysterious. But when you got the look, you got it.

Sharyn Alfonsi: And if you don’t have it?

Alessandro Michele: You must change in a very quick way.

But Alessandro Michele’s inspiration comes slowly – usually on a daily stroll through his neighborhood in Rome. Italians call it the Passeggiata. And it’s as much about seeing as being seen.

Alessandro Michele: It’s always like this that I walk in the same place for you know a million times. And every time I find something that I didn’t notice before.

We went with Michele to his favorite place for inspiration, the Piazza Navonna… a masterpiece of Baroque architecture.

Alessandro Michele: Everything is so cinematic. Look at this. It’s like there is hugging you. You know? Look at the shape of the church. It’s like spectacular.

He has an encyclopedic knowledge of Rome’s history and architecture and never tires of it’s scenery, whether it’s the fountains sculpted by Bernini or fanny packs and flip flops worn by passersby. 

Sharyn Alfonsi: So when you see a tourist walking around with something awful on, you’re like, “Yes.”

Alessandro Michele: I always take a picture.

Sharyn Alfonsi: You do? (LAUGH)

Alessandro Michele: I have a lot of picture of crazy people in the street, you know, that I go crazy. I mean it’s really interesting, you know? It’s– (LAUGH)

Michele walks to work from his apartment in Rome to a 600-year-old palazzo. It’s believed to have been designed by the Renaissance master Raphael. The marble hallways, lined with rows of Gucci garments and accessories, is a playground for the 49-year-old.

Sharyn Alfonsi: Some of the people we spoke to here say that you’re involved in every detail.

Alessandro Michele: Yeah, yeah, a lot. That’s a disease I think.

He’s also a compulsive collector. We spoke in his office which is filled with ancient art and modern kitsch and he has four storage units jammed with more stuff.

Sharyn Alfonsi: What’s the Italian word for hoarder or pack rat?

Alessandro Michele: Ah – cumulatore!

Sharyn Alfonsi: Cumulatore sounds better than pack rat.

Alessandro Michele: –means that you put, you know, things in your– yeah, it’s– I think that is the disease of collectors.

He keeps a mental inventory of everything in the studio.  From his taxidermied treasures to bowls of buttons.

gucciscreengrabs03.jpg
Michele and correspondent Sharyn Alfonsi

Alessandro Michele studied costume design and thought he might work in Hollywood before he landed at the luxury fashion house Fendi and later Gucci.  Today, his looks start with sketches. Then the outfits are sewn.  But the Gucci magic happens when it gets in front of Michele. To us he seemed as much a puzzle master as a designer. 

Alessandro Michele: I love to be open to the things that– make me feel like, “Oh, my gosh. What is this?” and I start to play with these kind of things. I like the ugly things.

That’s right – the fashion designer said he likes ugly things.

“More strange”, we heard him say as he narrowed his 200 looks to the 115 that made it into the Hollywood show. 

Alessandro Michele: We are selling the dream of freedom. It’s like a voice that is saying “if you are like this, you are good. Nothing wrong.” 

Michele’s idea of beauty and style is nothing like the Gucci that defined luxury for decades.

Guccio Gucci started the company in the 1920’s making high-end luggage.

Forty years later, Gucci was being worn by Princess Grace of Monaco and Jacqueline Kennedy Onassis.   

Slick and sexy Gucci ruled the 90s. But in the years that followed, the Gucci family had sold all its interests – and the brand lost its mojo and market share.

That’s when Gucci’s new CEO – Marco Bizzarri showed up. The impeccably tailored yin to Michele’s Yang.

Sharyn Alfonsi: At first glance, you two look like you shouldn’t go together, (LAUGH) right?

Marco Bizzarri: Totally.

Marco Bizzarri: But in a way, we have the same love for beautiful things. The way we express that could be different but at the end this is Gucci.

gucciscreengrabs07.jpg
  Marco Bizzarri

Bizzarri had a full-blown crisis on his hands when he took over in 2015. His top designer quit just weeks before a show. Bizzarri could have hired anybody, but people inside the house begged him to talk to Alessandro Michele, who had been with Gucci 12 years designing handbags and accessories.

Marco Bizzarri: So I met him in his apartment. And it– you open the door. I mean, he’s wearing something that I never saw in any single thing– in– in any shop in– in Gucci. So then I sat down and I was looking around in the apartment. There was all these antiques and beautiful colors. Beautiful texture. And– and amazing taste. Even the way which was serving me the coffee was so elegant.

Alessandro Michele: I felt myself very free to– to say everything.

Sharyn Alfonsi: What did you say?

Alessandro Michele: Oh, I was saying what the brand maybe was not– at that time was not so relevant. Because the brand lost this kind of beautiful strangeness.

Marco Bizzarri: So I ask him, “Listen, if I appoint you as a creative director, are you willing to do the show, the men’s show,” that– was going to happen in five days.

Sharyn Alfonsi: Five days? (LAUGH)

Marco Bizzarri: I don’t think– never been held in fashion history that someone made a show at– for a s– company like ours– this size, in five days. And he said, “Yes.”


Gucci’s viral look

01:44

Nobody knew what to make of what Michele whipped up for his first show in less than a week.

Alessandro Michele: When I finished everything and the show was gone. I was so tired. And I said, “Maybe they’re gonna fire me.” (LAUGHTER) But, you know, it’s– it’s a job that–

Sharyn Alfonsi: Did you really think that? Did you really think–

Alessandro Michele: In– yeah, for a minute. I don’t know why. Because it was so different, you know.

Sharyn Alfonsi: Some people were like, “Did Gucci lose their mind?”

Alessandro Michele: Yeah. there were people– on Instagram writing that– everything was kind of horrible, you know? That it was not Gucci.

Sharyn Alfonsi: Did you lose customers at first?

Marco Bizzarri: Yeah, I think so. Yes. But we got– a lot of the– the new– the new generations a lot. A lot. Actually, I think the change in aesthetic that Alessandro did for Gucci brought this new generation into the fashion world, the luxury world.

Bizzarri’s bet paid off.  Gucci sales tripled in five years.

Sharyn Alfonsi: Who’s your customer? Is it the movie star? Or is it the 19-year-old with their nose pressed against the glass at Gucci that you’re hoping– wears what you put–

Alessandro Michele: I don’t know.

Sharyn Alfonsi: –wears what you put your heart into?

Alessandro Michele: I was thinking about everybody. Because fashion is really for everybody

Sharyn Alfonsi: But doesn’t everybody have to afford it?

Alessandro Michele: I don’t know. Yeah, maybe no. 

No one at Gucci apologizes for the prices. They follow the luxury brand philosophy: you can charge as much as the buyer is willing to pay. And for Gucci, they do, big-time. Their wool- lined loafers sell for almost a thousand dollars. The highest priced bags – $35,000.

Gucci makes most of its money from leather goods. They gave us rare permission to go inside a factory outside Florence. It looks like an operating room. We saw bags that were hand-sewn and hand-painted.   Gucci says almost all of their products are still made in Italy. And watching these artisans at work, you can almost start to make sense of the high prices that make their bags one of the most desired and counterfeited items in the world. 

Sharyn Alfonsi: They say, you know, imitation is the sincerest form of flattery. But when you see some fake Gucci gear fly by and you see it all over Rome.

Alessandro Michele: (LAUGH) It’s– it’s– it’s pretty crazy. I’m still dealing with the copies that I see everywhere. I think that means– kind of power of the brand. 

Sharyn Alfonsi: But does it upset you?

Alessandro Michele: No, never. Because that means that you are popular.

Sharyn Alfonsi: That you’re relevant.

Alessandro Michele: Relevant, yeah. It’s– it’s like in music. If someone is copying you…

Sharyn Alfonsi: Is it more important to you that Gucci is considered fashionable or relevant?

Alessandro Michele: I would love to say both. But maybe more relevant. Because I think that relevant means that you are saying something. And fashion must say something now.

Alessandro Michele directed Gucci to get his message to younger customers with online films, relentless social media campaigns and shows that bring cerebral to a whole new level, like one where the models are carrying wax replicas of their head. Oscar-winning actor Jared Leto followed suit in a Gucci gown at a charity gala.

Jared Leto: I carried the head around. But the thing about the head was everyone wanted to play with my head. (LAUGH)

Sharyn Alfonsi: Do you just bring it out to dinner parties or–

Jared Leto: I mean, I haven’t seen it since that night basically. Yeah, it’s pretty heavy.

Sharyn Alfonsi: It’s pretty–

Jared Leto: Yeah, well, big brain in there.

Sharyn Alfonsi: For an actor, right? (LAUGH)

Jared Leto: You know, yeah, it’s– it’s a very heavy head for an actor.

Today, Gucci attracts a brand of celebrity who doesn’t want to play it safe. Think: Billie Eilish, Harry Styles, and Serena Williams. Leto promotes Gucci and wears it almost exclusively on the red carpet, and of course, when he’s gardening with michele. 

Jared Leto: He has a great sense of humor. I’ve worn– like, a counterfeit Gucci shirt.

Sharyn Alfonsi: With him?

Jared Leto: Yeah, yeah, yeah. And– he says, “Oh, darling, that’s fake.” (LAUGHTER) And I’m like, “I know.”

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Jared Leto’s fake head

Alessandro Michele: Now when you think to Gucci, you think that you can look beautiful in different ways, you know? And that’s something I think very powerful for everybody. Because in the past, I mean, fashion was just one way.

The Hollywood show, which took six months to create, lasted just 22 minutes. Right now, Alessandro Michele is the most influential designer in fashion but he’ll be the first to tell you nothing is eternal – except his city: Rome.

Sharyn Alfonsi: You said after that first show you were worried they were (LAUGH) gonna fire you.

Alessandro Michele: Yeah. (LAUGH)

Sharyn Alfonsi: Are you feeling a little more confident now? (LAUGH)

Alessandro Michele: I love to feel insecure in a way. It–

Sharyn Alfonsi: It makes you creative–

Alessandro Michele: Yeah, it make me feel creative. It’s almost like life. It’s not forever. That’s the most beautiful thing, that nothing’s forever. That’s why it’s precious.

Produced by Guy Campanile. Associate producer, Lucy Hatcher. Broadcast associate, Elizabeth Germino. Edited by Michael Mongulla.