We will be joined to talk more about that. But first, lets talk about the market. Abigail doolittle is with us. On the back of a big speech by joe biden last night that has been largely wellreceived, even some republicans saying it was successful. Abigail indeed. Probably not too much influence in the markets today because earlier today on the open, really small moves. It was as the day got going that the gains continued, especially for the tech stocks on the day. A real head scratcher because we have a they were we do not have any positive macro data on economic front, and we also dont have any negative data relative to the macro either except for the further out uncertainty around the election and u. S. And china relations. Here we have the big tech stocks you were talking about once again climbing to the nasdaq 100 and faang index both at record highs. The faang index now up 115 since its march low. Apple is just incredible, up more than 5 today. Split does notck create value. Inter
Protected tries to of an old law that has protected facebook. The coronavirus takes a toll with tech leading losses. Earlier, apple cut its revenue guidance for the march quarter with the outbreak continuing to impact the iphone maker supply and demand. Impactful,navirus is but not permanently impactful. In other words, it is a temporary blip. On the demand side longer term for apple, i dont see any issues so that gives me a lot of confidence we will see a nice rebound when this is over. 20 of revenue, a huge part of the supply chain. If the virus isnt contained, this will be a problem and longer term, china and the u. S. Are likely to be at loggerheads. I think the virus could be a problem longer market thing. Is no better ceo to handle the current challenges then tim cook and while it is currently concerning, having him at the helm is very reassuring. It is quite hard to shift production in a number of weeks. Emily we got more reaction from the Senior Research analyst at cowan who jo
The coronavirus takes a toll with tech leading losses. Earlier, apple cut its revenue guidance for the march quarter with the outbreak continuing to impact the iphone maker supply and demand. The coronavirus is impactful, but not permanently impactful. In other words, it is a temporary blip. On the demand side longer term for apple, i dont see any issues so that gives me a lot of confidence we will see a nice rebound when this is over. The bad news is, apple made a big bet on china. 20 of revenue, a huge part of the supply chain. If the virus isnt contained, this will continue to be a problem. In longerterm, it china and the was a u. S. Are likely to be at loggerheads. I think the virus could be a problem longer market thing. There is no better ceo to handle the current challenges then tim cook and while it is currently concerning, having him at the helm is very reassuring. It is quite hard to shift production in a number of weeks. Emily we got more reaction from the Senior Research an
Atmosphere. We will get details from microsoft president and cfo. We will look at what an internet pioneer sees in the decade to come. Now, after three years in the making, the u. S. And china signed phase one of the trade deal on wednesday. Chineset trump and officials put pen to paper for a deal that the president claims will have a Significant Impact on the tax world. Pres. Trump china has made enforceable commitments regarding the protection of american ideas, patents, and trade law. They have also agreed to confront pirated goods. Which is a big problem for many people in the room. Those people in the room with in the room being those of the likes of executives from micron, qualcomm, ebay, and others. I spoke to the director of digital and cyberspace policy on the council of Foreign Relations in new york. In washington, eddie collins. We have learned that the u. S. And china have taken the first step to negotiate some big imports into the u. S. In terms of china promising to commi
Earths atmosphere. We will get details from microsoft president and chief legal august legal officer. We will look at what an internet pioneer sees in the decade to come. Now, after three years in the making, the u. S. And china signed phase one of the trade deal on wednesday. President trump and chinese vice premier put pen to paper for a deal that the president claims will have a Significant Impact on the tech world. Pres. Trump china has made enforceable commitments regarding the protection of american ideas, trade secrets, patents, and trademarks. They have also agreed to confront pirated goods, which is a big problem for many people in the room. Taylor those people in the room being those of the likes of executives from micron, qualcomm, ebay, and others. I spoke to the director of digital and cyberspace policy on the council of Foreign Relations in new york. And in washington, bloombergs eddie collins. We have learned that the u. S. And china have taken the first step to negotiat