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Roger Federer announces retirement from tennis

Yahoo Finance Live anchors discuss Roger Federer announcing his retirement from tennis.

Video Transcript

JULIE HYMAN: All right, and Roger Federer announcing he's going to be retiring from the game of tennis following last week's Laver Cup in London. The Swiss--

BRIAN SOZZI: Yeah, that's good. Yeah, Laver Cup.

JULIE HYMAN: The Swiss-- see, I helped you with Chouinard. Now you help me with that.

BRIAN SOZZI: [FRENCH]

JULIE HYMAN: The Swiss tennis player retiring as a 20-time Grand Slam champion, third all-time among men's players. And here's a little bit of what he had to say on the decision to ultimately leave competitive tennis.

ROGER FEDERER: This is a bittersweet decision because I will miss everything the tour has given me. But at the same time, there is so much to celebrate. I consider myself one of the most fortunate people on Earth. I was given a special talent to play tennis. And I did it at a level that I never imagined.

JULIE HYMAN: Are you sad? Is this a sad day?

BRIAN SOZZI: Well, this is actually good news, I would say, for On Holdings, friends of Yahoo Finance. You know, I talked to them briefly at the retail conference last week. They said, yeah, as long as-- that's Marc Maurer, the co-CEO. He told me that as long as Roger's playing tennis, he's not out here designing products for them. So perhaps this will free them up to expand this product line with Roger Federer. It's one of their better selling lines. They've tried to expand it now that Roger will have more time on his hands. I would say it's a win for On.

BRAD SMITH: This is a big test for tennis as a whole. You're losing two goats in one year-- Serena, now Roger. And both of them have had this relationship where they celebrate each other's accomplishments over the course of their career. So now it's a question of-- on the women's side, there's plenty of new fresh faces, talent that is absolutely taking the world by storm.

But how do you prop up that next male player as well? And of course, we had seen that at the US Open with the newest winner. I saw his match, and still, his name escapes me.

BRIAN SOZZI: You know who would save Bed, Bath & Beyond? We got Serena Williams as the next CEO of Bed, Bath & Beyond. We have Roger Federer for CFO.

[BUZZER]

That's how I would tone down my rhetoric against them.