First, to our lead. We had a slew of big tech earnings this week, and getting the attention was apple. I traveled to their new headquarters in california on thursday to sit down with tim cook after earnings were released. We went through some of the main takeaways. It sounds solid to me. When you look at a device like this, it is incredibly sophisticated. It is at a higher price point. The you consider replacement cycles for consumers are slowing, i think it is a very strong number. While people like to talk about the high price point might deter consumers from upgrading, you have to keep in mind it is a total cost of service. The hardware isnt the biggest chunk of the service. Emily we also talked about the performance of the iphone x in china. There has been concern that the price was too high. I asked cook about that, he told me, in china, the top five selling smartphones, everyone is the iphone. This same situation in the u. S. , japan, the top six out of seven smartphones or iphon
Industry as amazon, Berkshire Hathaway, and j. P. Morgan join forces. First to our lead. , andd earnings this week getting the attention was apple. To their new headquarters in california on thursday to sit down with tim cook it after earnings were released. It sounds solid to me. A device like this is incredibly sophisticated. It is at a higher price point. I think it is very it is a very strong number. Point might price deter consumers from upgrading, you have to keep in mind it is a total cost of service. The hardware isnt the biggest chunk of the service. Emily we also talked about the performance of the iphone x in china. There has been concerned that the price was too high. I asked cook about that, he told me, in china, the top five selling smartphones, everyone is the iphone. Every one is the iphone. Not bad, he said, i feel great about that. What do you make of these numbers, given all of this fuss . I think the numbers show it was too expensive. There are different ways to loo
Another 300,000 more are still damaged. Global news, 24 hours a day, powered by more than 2,700 journalists and analysts in more than 120 countries. I am alisa parenti, and this is bloomberg. Emily i am emily chang and is bloomberg technology. Coming up, tax big earnings on what has been record earnings. Under onech empire publicly traded roof, will explain. And taiwan may be positioning itself to be the next door currency hot in asia holland a crackdown on china and south korea. Our coverage from taiwan, straight ahead. But first our lead. A slew of the tech earnings this week. Facebook, microsoft, qualcomm, and out the back, and apple. It was a common theme in the tech reports this week. Shares and alphabet, amazon and others hit records after reports, and analysts are expecting the same. Ning us now from new york Bloomberg Tax julie for hageman. Kathy, i will start with you. Lets start with the earnings that you are watching. What are you most optimistic about . Taking our cues from
Since september. Bigdr pepper is todays winner surging on the news of a 18 billion approach from coffee keurig. Yo betty that is a lot of caffeine to start your morning with. We saw ageold in the treasury market. They, it was really about bond market, and that is spooking investors. I want to pull up this chart. The yieldlking about curve flattening, there was a miss read of that, and we know primarily a big reason for that is the shorter end of the yield curve was rising faster than the long curve. Now it seems the 10 and the 30, which were lacquered, is finally playing catchup. Given the movement we saw today, that catch up might move up pretty quickly. We talked about what a wild week it was for traders. Announcing how much issuance theyre going to be having for this year, and also the report is a recipe for higher yields, and also the dollar catching up with this rising yield. You heard analysts with reports saying it is not going to last they arebecause saying, you cant exactly re
Again with investors still unnerved following harassment claims against steve wynn. Authorities in macau have been in contact to make sure that key staff meet certain standards. Global news 24 hours a day powered by our 2700 journalists and analysts in more than 120 countries. This is bloomberg. Let us take a look at the markets. Not a great day for equity and australia. 1. 4 andi is down by the hang seng is retreating from record highs. This is bloomberg. Emily i am emily chang and is bloomberg technology. Coming up, big tax and big earnings. Coming up, what has been record earnings. Plus, a tech empire under one publicly traded roof, will explain. And taiwan may be positioning itself to be the next door in asia. Ryptocurrency a crackdown on china and south korea. Our coverage from taiwan, straight ahead. But first our lead. A slew of the tech earnings this week. Facebook, microsoft, qualcomm, and out for that and apple. It was a common theme in the tech reports this week. The sector