With amosite in the Cloud Business. A new target seems to be retail customers. First, to our top story. Last year, apple ceo tim cook stunned investors when the company readjusted its forecast due to struggles in china. Official Government Data shows the apple smartphone shipments in china grew almost 19 . That marked a big jump from previous months. It is particularly remarkable when shipments of phones of all brands were down nearly 14 in the same period in china. Surprised about the amount of bullishness we seem to have on china . That number is a surprise. The broad push in china to focus on huawei and have consumers by huawei funds instead of iphones. That was the concern for a lot of last year. Some of the trade tension has come down. Athink more to the point is device like the iphone 11 is a little bit cheaper. The battery life is very long. The photos you can take are a lot better than the previous version. When you put all those things together and combine it with a large back
But a new target seems to be its retail customers. First, to our top story. That is last year, tim cook stunned investors when my company readjusted its forecast due to struggles in china. What a difference a year makes. Official Government Data shows the apple smartphone shipments in china grew 19 yearoveryear in december. That marked a big jump from previous months. It is particularly remarkable when shipments of phones of all brands were down 14 in the same period in china. For more, i want to bring in our reporter. Are you surprised by the amount of bullishness we have on apple and the iphone shipments in china . Certainly in china, that number is a surprise. Engine broad bush push in china to have consumers by phones instead of iphones. Has of the trade tension come down in recent months. Maybe that has something to do with it. I think more to the point, a device like the iphone 11 is a little cheaper, the battery life is very long. The photos you can take are better than the prev
The dow is down over 200 points. Of course, pointing to weaker than expected Manufacturing Survey that was definitely the trigger. A lot of the rally since late summer was about a process with industrial activity. I will point out weakness today is not specifically concentrated in manufacturing, it seems like it is an excuse to say we had a nice run, havent had many pull backs. See the nasdaq down 1. 4 not full of manufacturing. It is more of a general cemen sentiment. U. S. Data not improving on time according to the schedule investors were hoping, we have a backoff. I would point out, s p is back to where we traded a week ago friday were skimming a bit off the top of the last part of the rally. Dow is down 220 as we talk now. Meantime, lets turn to the political ad hold outs mark sazuckerberg was reiteratig facebooks policy for now. At the end of the day i just think that in a democracy people should be able to see for themselves what politicians are saying even if the ads contain fa
Mark on that Company Power lunch starts right now and welcome to power lunch. Im melissa lee. Were looking at the markets right now but this is not telling the entire story intraday, thats the story we went from session highs in fact intraday all time high on the dow industrial to a low. On a dow jones headline about u. S. china trade talks hitting a snag over farm purchases well get the latest and monitor the latest reaction for you. Thank you, melissa. Were going to go now to washington and Kayla Tausche who has been following trade for us for many months now and has the latest headlines and some context. Kayla . Well, tyler, the headlines that are moving the market lower from the wall street journal which says that china is balking at putting a specific dollar figure of agricultural purchases into the deal text remember, this was supposed to be a good will purchase primarily centered on intellectual property selections and stopping chinas practice of forcing Technology Transfers but
Movements he said it was in violation of chinese law but the removal happened one day after the communist Party Published an article titled is apple guiding hong kong thugs . To say that they discussed apples impending investment with Consumer Rights protection and fill fulfilling social responsibility. Is that all they talked about . Lets bring in from the wall street journal given what has been happening the last two weeks this smells fishy. It does. Beijing sends the message you better get in line for i think the ceo should be embarrassed for go basically to say we dont call the shots. I know i could not do that from beijing but companies around the world even American Companies operate in have restrictions on speech so to saudi arabia, so does the Thai Government does not allow any criticism of the emperor. Hate speech laws in germany. Incredible restrictions in russia. When American Companies do business in other countries we respect them even if we absolutely disagree with their