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BLOOMBERG Best Of Bloomberg Technology July 13, 2024

Protected tries to of an old law that has protected facebook. The coronavirus takes a toll with tech leading losses. Earlier, apple cut its revenue guidance for the march quarter with the outbreak continuing to impact the iphone maker supply and demand. Impactful,navirus is but not permanently impactful. In other words, it is a temporary blip. On the demand side longer term for apple, i dont see any issues so that gives me a lot of confidence we will see a nice rebound when this is over. 20 of revenue, a huge part of the supply chain. If the virus isnt contained, this will be a problem and longer term, china and the u. S. Are likely to be at loggerheads. I think the virus could be a problem longer market thing. Is no better ceo to handle the current challenges then tim cook and while it is currently concerning, having him at the helm is very reassuring. It is quite hard to shift production in a number of weeks. Emily we got more reaction from the
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BLOOMBERG Best Of Bloomberg Technology July 13, 2024

The coronavirus takes a toll with tech leading losses. Earlier, apple cut its revenue guidance for the march quarter with the outbreak continuing to impact the iphone maker supply and demand. The coronavirus is impactful, but not permanently impactful. In other words, it is a temporary blip. On the demand side longer term for apple, i dont see any issues so that gives me a lot of confidence we will see a nice rebound when this is over. The bad news is, apple made a big bet on china. 20 of revenue, a huge part of the supply chain. If the virus isnt contained, this will continue to be a problem. In longerterm, it china and the was a u. S. Are likely to be at loggerheads. I think the virus could be a problem longer market thing. There is no better ceo to handle the current challenges then tim cook and while it is currently concerning, having him at the helm is very reassuring. It is quite hard to shift production in a number of weeks. Emily we got more reaction from the
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CNBC Squawk Box July 13, 2024

You must be 68 because im 66 thats tom cruise talking ive been told we have to interrupt this briefly to get to walmart numbers which have just crossed. Walmart is out with Fourth Quarter and full year earnings 1. 38 adjusted versus estimate of 1. 43 141. 67 billion. Analysts expecting 142. 488 billion. The majority of stores in chile have been disrupted and some totally destroyed. Theyll be holding an investor day discussing this more in depth. Shares are down 2 in early going. In u. S. Comparable growth streak does continue 1. 9 also below analyst expectation of 2. 3 for the quarter. U. S. E commerce net sales grew 35 . Coming year expectations to grow at least 30 speaking with the cfo, quote, the quarter started off and ended strong despite softness in some categories like media and gaming on the coronavirus, they are monstering the situation and focused on the safety and wellbeing of customers and associates he says sales are ....

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