Too. Tenyear well above 1. 8 and 1. 822. A developing story from china with big implications for u. S. Companies the Financial Times reporting that the communist party now ordered all state offices to remove foreign hardware and software within three years. This could hit firms like microsoft and dell, hp, especially hard. Now analysts estimate 20 to 30 million pieces of foreign equipment would need to be ultimately replaced. The order is not yet public yet but was described to the ft by two Cyber Security firms so this is going to this is like the fallout from huawei this is the fallout from huawei everybody out of the pool at one time think about microsoft and by the way one of the names not on the list, apple. Interesting where is apple . Apple doesnt do a lot of enterprise work in terms of corporate maybe not government. Maybe not government work but. More of a consumer play i dont know. I was thinking about that this morning. Where apple plays in that. Apple is obviously threaded
Behemoth consolidates a space under going massive upheaval it started with smaub cutting commissions to zero. Sparking a flurry of headlines over the frantic race to the many bottom. With the news of the deals between the two giants mass the race to zero become a sprint for survival guy. I dont know. Hello, mel. Hello. I dont know if its a race to zero or sprint to survival. Its genius by schwab. Dan nathan alluded to it a few weeks ago. Schwab was genius, cut rates to zero watched the keters go to zero in terms of stock td amerd trade went from 50 to 32 in a straight line. And then making this announcement they are probably buying the stock or company at levels they wouldnt have been able to buy them a month or so ago good for them. This makes schwab a huge forepersons in the business. And the play. They are a force. Even more so now. En and quickly i think people say etrade next to go not so fast. There is room on the downside. The Second Derivative play, Morgan Stanley, for example,
Interview with a ceo, three years after microsoft acquired the job listing site. Disruption, robots, supply chains, and Data Technology changing health care. We explore big changes coming to medical technology and how to invest in it. But first, to our top story. Up aneys general opened broad investigation into whether googles search and advertising practices violate antitrust and harm consumers. States attorneys general, led by texas, say they are investigating whether the search giants Business Practices are consumers. Harming anthis is not a lawsuit but investigation to look at facts. The facts will lead to where the facts lead. Taylor mondays announcement was closely followed by one that facebooks look into market dominance on friday. I am joined by a guest. She served as an assistant attorney general in the antitrust bureau of new york , ate, and in new york reporter who covers google for us, so lets just start with you. How big of a deal was this . Reporter it was pretty impressi
Intelligence individual. And, in india, however company is to capture the ecommerce market and in coming years. To our top story as the trade ceorages on, seems like the might be making progress in getting the president s ear the f phone calls. That is what via phone calls. That is a President Trump told reporters. He is the one that called. That is why he is a great executive. Others go out and hire very expensive consultants. This one called donald trump directly. I would take their call, too. He calls me whenever there is a problem. Emily pto discuss this and mort to welcome kathy wood. So great to have you here in the studio. What do you make of tim cooks approach . I think this is good news for apple, for technology. Emily the president has the night some of apples formal requests to give a tariff reprieve on the mac pro, for example. How much do you think these tariffs are actually going to impact apple given that starting september 1, we are supposed to see tariffs on air pods,
Your deal take away, kkr earnings beat estimates. Stocks up. We look at the dealmaking slump. Welcome to Bloomberg Markets. We say take away because we will try and find a take away but it is hard to find an overarching through line right now. I feel it we are all settling after last weeks deal explosion. Guy waiting to see what cpi delivers prayed waiting to see how the fed is reacting. We get a lot of fed speak coming up. The earnings story peters out a little bit over the next few days. That takes us back to the macro narrative which has dominated prayed i have to ask, how was oklahoma, did the hat make it back ok . Alix i almost left the hat on the plane. The hat did make it home. Now i have a cowboy hat and trying to figure out the thing. Guy i figured you have to buy an entire outfit. This is a topdown. Alix i need the cowboy boots now. You dont want to overdo it in new york but i think the ankle boots will help the top and the bottom. Guy the top down bit is germane here. It is