Stock, for chips, for 5g and lot more then there is prime day. What about emerging alternatives to amazon this Holiday Season . Well talk about that straight ahead, john. Yeah. Carl, i cant emphasize enough how important the iphone is not just for apple, maybe even not for apple as much as for the industry overall the carriers really need somebody to sell 5g which has not been built out as quickly as they promised. Then the components inside the iphone open possibilities for App Developers they put money in the pockets of chip makers. There is a lot, a lot riding on this, carl of course, jon. Lets turn to josh lipton. So, carl, what do we think tim cook is going to unveil exactly tomorrow the team Morgan Stanley says anticipate four new devices including, they say, a 6. 7 inch iphone 12 pro max. That will be the largest iphone display ever complete are 5g connectivity. Faster data speeds for tasks like streaming games and movies. Apples latest and greatest a14 chip and longer battery l
The nasdaq hitting a new record high and amazon shares crossing 3,000 bucks a piece for the first time ever. Shannon, well start with you on this one what the you make of the rally is it legit and why is it happening now given everything we know negatively about the coronavirus virus . Were just continuing to see investors look at the sentiment thats coming out of the surveys and anticipating this continued v shape recovery we have seen the v shape recovery in the stocks already were anticipating a v shape recovery in the economy. I think that really rests on the fact that despite the fact were seeing this pick up in cases, theres not a widespread expectation that we go back to the lockdown that we saw in march and april. They really anchor themselves to the most recent period which was a very difficult period from an economic standpoint. Investors are continuing to look forward. They are continuing to see the Second Quarter being the earnings trough from this particular recession look
Clients. Got to hear mohammed, one of the smartest in the business. What if there were a tool, work with me here, that identified where in the air around your town coronavirus might be hovering . Drone Company Dragon fly says its drones can now just do that. The ceo is here on how they work, but also on the privacy controversy now swirling around his wildlooking aircraft right there on the screen. In this work from home world, theres a real lifeline between millions of employees, their coworkers and their clients, the ceo of slack is here on what happens to his companys dominance as the world reopens. An important question here. Breaking at this hour, protest against governor newsoms beach closures are heating up in california. We have helicopter video in. We will take you there. Plus which stocks Warren Buffett might refuse to discuss during his annual meeting tomorrow and why that should matter to you the investor even if you dont own shares. Plus charlie breaks it on round two of th
Gulf. Earnings reports first since the u. S. Blacklist. Warnings of difficulties ahead. We speak to the companys chairman. Im matt miller, in for Francine Lacqua in berlin. Lets check on markets. Gains in london, drops across europe. Stoxx 600 down a half a percent. Bp holding it back from bigger losses. To pound continues to weaken see thes, and you japanese yen strengthening. By 108. Dollar can only. 6 of yen. The fed is expected to cut rates tomorrow. Yield and coming up we speak to the ceo of cap gemini, 9 30 a. M. London time. A lot to catch up on today as we have a slew of exclusive interviews. Lets get the first word news from new york. Ratesa mexicos interest are too high for the slowing economy according to the president. The central bank has cap the key high,t 8. 25 , a decade and this makes it one of the strongest currencies this year. The mexican economy may be in mild recession. [speaking foreign language] they are more cautious about inflation. ,his is not a bad thing, no
Ceiling. They say the company pays men more than women, for the same work and want their lawsuit to be granted classaction status. But first, to our top story, billionaire terry may no longer be the chair of apples largest supplier but that isnt stopping him from trying to keep the relationship going for years to come. Hes stepped down from that role to focus on his campaign to become president of taiwan and he wants to make sure tensions between the u. S. And china dont force apple to leave the country. Speaking from the perspective of the republic of china ill plead with apple to come to taiwan. This comes after its said they were asked to shift from china to southeast asia. To discuss, we have venture partner munster and in l. A. , bloomberg text resident apple watcher. So there is some confusion about what terry gou said. He made some remarks and then later clarify them. What did he say and mean . The context here is very important. I think this might be getting a little blown out