A quadrillion worth of worth close to rivet of that if the mark to market would would be greater than 5 times global g. D. P. This isnt in fact the beginning of lehmann to point out. This is a boom bust broadcasting around the globe and covering the world of business and finance and the impact upon us all im daniel fredo in washington heres a look at whats on deck today the truth is war could finally force a Major American Company out of china but instead of coming back stateside as promised they could be having elsewhere in asia. Its mahela which is standing by to break down apples potential plan to dodge the trade war the Federal Reserve meeting has markets on the move peter schiff of Euro Pacific Capital is on hand to break down the details and wall to get a glance at global bond sales and later while china has seen souring ties with some American Companies theyve also been opening their Capital Markets to some other foreign firms ford which of the british. Business Association Join
Youtube kids, a problem. The vast majority of children are not watching. The Smartphone Market taking a huge hit in the trade war. Apples iphone could be seeing weaker than expected demand, especially in china, and huawei gave a doomsday estimate for smartphone sales. The company is ready for a drop of up to 60 in International Smartphone shipments. The huawei founder expects to slash revenues by 30 billion over the next few years. International shipments that go outside of china account for about half of Huawei Smartphone sales, and that is a chunk. He talked about the revenue hit. They dont want to resort to mass layoffs, they dont want to sell off parts of the business, and they dont want to reduce research and development spending. People close to the situation tell me they have been looking for that dropoff in smartphone sales. This is something weve been talking about, talking to partners, customers across europe, saying theres a dropoff because people dont know what will happen
At least return to the table. And the follow from a trade war is already being felt around the globe by consumers at the Cash Register and by firms who operate in china and they have been facing rising pressures from both sides of the pacific now some American Companies are considering opting out of production in the peoples republic does that mean that the terrorists which were supposed to bring jobs back to the United States worked well funny story not exactly here to help break down some major moves in the Manufacturing Sector as arties own alex mahela that you joins us from toronto alex one of the big names pushing for moving jobs out of china is apple what can you tell us. Thinking of moving 15 to 30 percent of their operation out of china and its also speaking to some of its partners like foxconn the Taiwanese Company and telling them a you know what maybe you should think about doing the same now heres issue foxconn about 75 percent of their operation is in china and at the same
It is not like they dont understand what we done. Not like they dont understand how critical this is for them. I am making sure the shipment start right away. In the next two hours, literally in the next few hours we will begin sending equipment to ukraine for air defense munitions, for artillery, for rocket systems and armored vehicles. This package is literally an investment. Not only in ukraines security but in europes security. In our own security. We are sending ukraine corbyn from her own stockpiles equipment from our own stockpiles made by American Companies in america. Patriot missiles made in arizona. Javelins made in alabama. Artillery shells made in ohio, pennsylvania, texas. We are helping ukraine while at the same time investing in our own industrial base, strengthening our own National Security and supporting jobs in nearly 40 states across america. United states is not acting alone. Our allies in europe and around the world who our cost asking us to step up. Were not gon
Scream at the very this morning i was the majority of americans are disapproving of the republican tax cut plan. Futures are higher this morning come expecting a higher opening to the broader averages. Dow industrials that dow industrial set to open 60 points the nasdaq up 26. The s p 500 up a third of a percent. In europe, similar story had a better talent than yesterday. Dax up two thirds of a percent as is the cac and the ft 100 higher by a fraction. Asias dots close mostly higher with the exception of china. Best performer japan. Nikkei average up 1. 5 . Ban hunters under way in baltimore. A Police Officer in Great Condition after being shot in the head. The details as investigators search for a suspect. Consumer rage both at t and google with massive outages. What you need to do to get back up and running this morning. Retail earnings still the focus on wall street. The biggest of the mall, walmart expecting earnings of 97 cents a share. The numbers analysis as soon as they had wa