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Speaker 1: With the Bloomberg Business of Sports report, I'm Charlie Pellett.

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Speaker 1: A big quarter for Nike, and Colin Kaepernick gets a

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Speaker 1: lot of the credit. Nike's second quarter results sword pass projections,

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Speaker 1: particularly in its two most important regions, North America and

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Speaker 1: Greater China. In the US, the world's largest sports where

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Speaker 1: company posted its third straight quarter of growth. The earnings

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Speaker 1: report was Nike's first to include the impact of its

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Speaker 1: controversial and campaign featuring quarterback turned activist Kaepernick. The inclusion

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Speaker 1: of Kaepernick in the line of just do it ads

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Speaker 1: initially rankled investors, though they eventually applauded the move. Organizers

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Speaker 1: of the twenty twenty Tokyo Olympics say they have secured

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Speaker 1: another one million dollars in domestic sponsorships and that the

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Speaker 1: operating budget for the games remains at five point six

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Speaker 1: billion dollars. But the total cost of the Olympics, including

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Speaker 1: seven billion dollars to be spent by the Tokyo Metropolitan

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Speaker 1: Government and the Japanese government, is twelve point six billion.

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Speaker 1: And that's the Bloomberg Business of Sports Report. I'm Charlie Pellett.