And smaller price tag. Starting out at 399, it is the cheapest new iphone ever. The company appealing to both to customer loyal to the iphone 5 and new buyers in highgrowth markets like china and india. Investors initially were not crazy about the reveal. Shares dipping as the event got underway, but i do want to point out that investors are typically slow to digest apple product announcements. Looking back since steve jobs died in 2011, shares rose 1. 5 after product launches, but retreated 1. 8 three months later. Right after the event, i spoke with gene munster in minneapolis. I started by asking, how will investors look at apple . I think investors are already concerned. They should take away the are being finally more aggressive, may be appropriate the aggressive but the pricing that should be more resonant with the emerging markets. This is a great price point because it will be more attractive, but at the same time, not at the cost of their margins. So, investors should feel goo
Growth and uncertain growth. The aussie dollar is falling sharply on that news. Australian stocks, on the other hand, rallying more than 2 on the news. In asia, japans markets were closed for the Constitution Day holiday. Chinas Managers Index shrinking to a 14month for its 14th month coming in below forecasts. A bit of a mixed picture. Shanghai compost up 2 . And hang seng almost the lower. All eyes on . Yeah, go for it. Moving forward, in pretty negative territory. And germany is lower than 2. Ftse lower than 1 . Italy and spain off by more than 2 perhaps because the eu trimming its 2016 growth forecast to 1. 8 from 1. 9 . Its 2017 growth forecast from 1. 9 to 2 . Also cut Inflation Forecasts despite their efforts to do Everything Possible to try to lift inflation. Watching european financials, ubs reporting a sharp decline in management wealth business. Which was supposed to be all the european banks going into wealth management, they were going to be smoother when it comes to their
Together and its not going to look like these old models of lobbying, and i tell you what that looks like inside congress is this tendency to use a Campaign Technology for governing and what its doing is making governing look like campaigning. I think people who look at congress can see this. It cant be petition sites and cant be like the correspondence Management System of congress sorts sentiment, not substance. Unless we figure out a way to privilege certain kinds of information that match institutional functions, like the subcommittee institutionally responsible for . That is the information it needs at the right time for authentic high reputation sources. So its this kind of like my dream is that were going to move toward a future where this community that has largely commercial interests in the space, reserves or helps create some new rules because i feel like every single time its these process rules that are just missing and they really dont exist right now for civic social nor
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