Concerns about growth in china weighing on investors after one report that apple had been replaced by xiaomi as the smartphone maker. It points to a lingering concern is that market share in china one of the most important markets is gn to the down side, not the up side. If you want to look at apples reaction to china, theres a couple of conflicting data points you have to consider. In the Conference Call tim cook said equity markets have recently been volatile this could create speed bumps in the near term. Then he said about the stock market, this worry is probably overstated. So were not changing anything, we have the pedal to the metal. Lpe penetration in china is only 20 . People are getting phones that can handle faster internet speeds, the middle class is growing. But at the same time hes saying in the short term maybe it does show up somehow in the numbers. Were still growing fast. Are we in a period where we dont know what the holiday is going to look like for these guys . We
Kurdish region. He said he hoped the kurdish leadership would abandon names of creating a separate state, and not forced turkey into enforcing sanctions. He added that the landlocked kurdishrdish region would not be able to survive without turkish support. Hillary clinton spoke to charlie rose. I believe he either has something on donald trump, or trump thinks that putin helped him so much that he is not going to turn on putin. Either one is horrifying. At can see the interview 6 00 p. M. And 10 00 p. M. New york time. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. I am mark crumpton. This is bloomberg. Julia live from bloomberg World Headquarters in new york, im julia chatterley. Scarlet im scarlet fu. Abigail im abigail doolittle. The s p 500 is turning toward that level of 2500. Scarlet but the question is, whatd you miss . Holding akers are are hoping tax reform will pick up steam. Chair markng weinberger weighs in, next. What
Should you buy the stock, later on and a stealth rally in one group of stocks taking investors on a wild ride how you can get in on the rally. First, redemption for the tech center, big tech coming back with a vengeance, the best performer today by a long shot, and apple having its best day in nearly two months, up 2 after whats been a tough month for the stock. Take a look at micron soaring in the after hours session, the chip maker reporting earnings moments ago, giving nvidia a boost. Will we take a look back on this day and say it was the day we wish we bought the im not sure that this is a bounce thats going to leave everybody else in the dust i can look around some parts of tech and say some things werent that great global tech, which has been just as powerful, is not very strong today. There are levels at apple. Certainly people say i can own the stock at this multiple based upon a pullback. Im not terribly convinced, if we are in a moment yesterday, i dont know that were out of
It cuts tax on Small Businesses to 25 . Currently Business Owners pay an individual thanks rate. And it encourages companies to bring their offshore profits back to the united states. It would collapse the breaks the from 7 to 3. Although there is still talk of a fourth bracket for very high earners. It would double the standard deduction to 12,000 for individual and 24,000 for married couples. And an elimination of the estate and alternative minimum taxes. All week long i spoke with leaders and architects in washington of this plan. Here are some of the highlights. There is a reason we worked with the president at the senate and house together on this. This is bold, its transformational. We eliminated almost all deductions. For the rich it means though the tax rate came down some, all their deductions disappear which pays for it. Its deficit neutral. Well spark the economy and continue to grow. The focus should be jobs and economic growth. Already a lot of elements we are hearing that
It cuts tax on Small Businesses to 25 . Currently Business Owners pay an individual thanks rate. And it encourages companies to bring their offshore profits back to the united states. It would collapse the breaks the from 7 to 3. Although there is still talk of a fourth bracket for very high earners. It would double the standard deduction to 12,000 for individual and 24,000 for married couples. And an elimination of the estate and alternative minimum taxes. All week long i spoke with leaders and architects in washington of this plan. Here are some of the highlights. There is a reason we worked with the president at the senate and house together on this. This is bold, its transformational. We eliminated almost all deductions. For the rich it means though the tax rate came down some, all their deductions disappear which pays for it. Its deficit neutral. Well spark the economy and continue to grow. The focus should be jobs and economic growth. Already a lot of elements we are hearing that