Apple is above 467. 77 making it the first u. S. Company to have a market cap above 2 trillion, a discussion a few moments ago about tim cook and how he has led stewardship of the company through all kinds of cross currents josh lipton joins us to talk more about that. Josh, its funny to look at that change of market cap and think back to some of the more cautionary calls weve gotten in the past few weeks from the likes of b of a who worry about margin pressure on phones, margin pressure on services, less impact from the buyback and so forth yeah. Listen, you look at this recent run, carl, obviously they had those earnings in late july that blue past the streets expectation. You saw strong growth in sales of the new low cost iphone sc. You can chalk this recent run to a few big trends one, theyll say listen in Uncertain Times cash is king and obviously apple has a lot of it, net cash position of 81 billion and counting also, that work from home trend is clearly helping apple or at leas
Less attainabletoday the later , Pulitzer Prize winning journalist Nicholas Kristof and sheryl wu dont report on the issues facing the working class in rural america. An enjoyable tv now and over the weekend on cspan2. Great to sit down with you and your book, dont be evil is contained plenty on a timely subject given the political times we are in , given the heights that the stocks of apple, amazon, google and facebook and others have reached but you normally have a pretty broad scope to your coverage. Why is this book, why now mark. At you for having me by the way. I started this book i guess it was in 2017. And i had just taken a job as a columnist for the Financial Times and my mandate was to figure out are the worlds biggest business and economic stories and cover them in opinion form is a rather large mandate and in order for the to narrow the funnel i started looking through wealth figures and i thought i saw an amazing numbers in terms of how well to transition to the technolog
Stories and uncover them in opinion form which is a rather large mandate. [laughter] in order to narrow the funnel i started looking through corporate figures and i saw from an amazing number of in terms of how the transition from the Financial Sector to the Technology Sector since the great financial crisis and one of the numbers that stuck out was a Mckinsey Global institute figure looking at how 80 of corporate wealth was being held in just 10 of firms and those are the firms that were richest in personal data and intellectual property so basically if you are trafficking in these things you are holding the majority of the worlds corporate wealth and the biggest of those firms were the ones that i profile in the book, facebook, apple, amazon, netflix a little bit and google. They make money, all of them, pretty differently but there is some overlap with facebook and google and Digital Advertising but look at apple and they mostly shunned advertising and look to sell their devices and
Apple ceo tim cook the stage in cupertino tuesday, unveiling new Iphone Models with new colors and three cameras. Details on those products and more like the apple watch. And linking up, we check in with linkedin ceo jeff weiner and his thoughts on the Company Three years after microsoft acquired the job listing site. We begin with one of our top stories. Oracle announced wednesday mark hurd, the ceo, is taking a leave of absence for health reasons. This after the company disclosed the move along with Quarterly Earnings earlier than they said were to be released the company did not specify what issues hurd faces were how long his leave will be, but the executive chairman, larry ellison, released a statement saying, oracle has an extremely capable ceo ending the extraordinarily deep team of executives, many with long tenure at oracle. We will cover marcs responsibility during his absence with support from the rest of our strong management team. I spoke with our bloomberg Senior Intellig
Details on those products and more like the apple watch. And linking up, we check in with linkedin ceo jeff weiner and his thoughts on the Company Three years after microsoft acquired the site. We begin with one of our top stories. Oracle announced wednesday mark hurd, the ceo, is taking a leave of absence for health reasons. This, after the company disclosed the move along with Quarterly Earnings earlier than they said were to be released the company did not specify what issues hurd faces were how long his leave will be, but the executive chairman, larry ellison, released a statement saying, oracle has an extremely capable ceo ending the extraordinarily deep team of executives, many with long tenure at oracle. We will cover marcs responsibility during his absence with support from the rest of our strong management team. I spoke with our bloomberg Senior Intelligence analyst and Global Executive editor tom giles. There have been signs over the last year that he may not be him unwell, s