Firms ceo. And congress probe into big tech kicks off the discussion on how facebook and google are challenging the news industry. We will hear from a top lawmaker who does not think big is necessarily bad. But first, to our top story. Apple has a backup plan if the u. S. China trade war continues to escalate. The companys manufacturing partner says it is able to make all iphones bound for the u. S. Outside of china if necessary. This group now makes most of apples smartphones at its chinese factory. Our bloomberg tech editor joined vonnie quinn with the details. Alistair this is an executive who was talking to investors and other people in taiwan, and our reporter in asia, debbie wu, was there to listen. This is more of a plan. They did not say apple asked foxconn to do this yet, but he was saying they are very capable of doing it. It has raised a lot of questions. We spoke to an analyst over here who looks at the smartphone industry, and he was saying that actualre talking about fina
Challenging the news industry. We will hear from a top lawmaker who does not think big is necessarily bad. But first, to our top story. Apple has a backup plan if the u. S. China trade war continues to escalate. Hon hai, the companys manufacturing partner, says it is able to make all iphones bound for the u. S. Outside of china if necessary. Hon hai now makes most of apples smartphones at its chinese factory. Our bloomberg tech editor joined vonnie quinn with the details. Alistair this is an executive who was talking to investors and other people in taiwan, and our reporter in asia, debbie wu, was there to listen. This is more of a plan. They did not say apple asked foxconn to do this yet, but he was saying they are very capable of doing it. It has raised a lot of questions. We spoke to an analyst over here who looks at the smartphone industry, and he was saying that if youre talking about actual final assembly, which is what foxconn does, putting together all the components in an ipho
Kicks off the discussion on how facebook and google are challenging the news industry. We will hear from a top lawmaker who does not think big is necessarily bad. But first, to our top story. Apple has a backup plan if the u. S. China trade war continues to escalate. The companys manufacturing partner says it is able to make all iphones bound for the u. S. Outside of china if necessary. Hon hai now makes most of apples smartphones at its chinese factory. Our bloomberg tech editor Alistair Barr joined vonnie quinn with the details. Alistair this is an executive who was talking to investors and other people in taiwan, and our reporter in asia, debbie wu, was there to listen. And this is more of a plan. The executive did not say apple asked foxconn to do this yet, but he was saying they are very capable of doing it. It has raised a lot of questions. We spoke to an analyst over here who looks at the smartphone industry, and he was saying that if youre talking about actual final assembly, w
Bad. Videogame companies are trying to one up each other at the e3 Gaming Convention in california. We will hear from a Top Executive from microsoft and taketwo ceo. First, to the top story. President trump says he will not finalize a trade deal with china unless beijing returns to terms negotiated earlier in the year. Trump spoke to reporters as he left the white house for iowa, a day after he threatened to raise tariffs on china if chinese president xi jinping does not meet with President Trump at the g20 summit. Pres. Trump china is a major competitor and right now, china wants to make a deal very badly. It is me right now who is holding up the deal. Vonnie apple is geared up with a backup plan if the trade war gets out of hand. Its manufacturing partner says it is able to make all iphones bound for the u. S. Outside of china if necessary. Right now, the Company Makes all most of apples smartphones at chinese factories. How did the company decide it was able to do this, to make all
Moving averages. This months worst performer on the dow. Plus activism in the restaurant sector. Outback steakhouses Parent Company down sharply. Lets begin with the markets extending this weeks losses, not a lot going right, and today, mike, a lot of it surrounds china and worries about not just growth but the debt burden as well. You wouldnt say its a new factor bits been on the list o worries. You have one of these situations where once you have this pretty sharp break in momentum to the upside, several weeks ago, some breakdowns in the longer term trend, some concerns about, you know, valuation that were always there that are being exacerbated and why has the yield become unanchored, treasury yields, and even global yields . All that stuff in the mix and then you have the related concern of, oh, what might what stress points might we see emerge out of that . All thats in the mix. I do think, also, yesterday, with the yields making those new kind of 15year highs, you started to see