Richard Arnold: US correspondent on Adidas cutting ties with Kanye West after anti-Semitic comments

The decision by Adidas to cut ties with Kanye West is expected to cost them both. The German clothing giant has dropped the rapper after he made anti-Semitic comments on social media, which saw his Twitter and Instagram suspended. Ye is no longer a billionaire and Adidas is expected to lose around 430-million dollars, and their shares have fallen by 8 percent. US correspondent Richard Arnold told Mike Hosking it joins a growing list of companies that have cut ties with Ye. He says West has also been dropped by his music company, his touring agency, Gap, Vogue, and a documentary on him has been shelved. LISTEN ABOVE  See omnystudio.com/listener for privacy information.