Cutting the First Quarter iphone production in half that is according to japans Nikkei News Service which says apple told suppliers about the plan citing slower than expected holiday sales. Weve been down this road before, kara regarding the nikkei and unnamed sources difference this time is its going into some pressure on the stock already. But how seriously do you take this well, i dont know. I think well have to see. I think the question is if these phones are too expensive we talked about this before. This screen on the phone i think is the focus of the article. This screen that is just much more a big component of the price. And whether this phone has rolled out globally. I mean anecdotally, a lot of people i have the iphone 10 but a the love people i know oment opted for the 8 because it is cheaper, they like the format. I think what is most interesting is they may not keep making them after september in this fashion. Which would mean a failure of the iphone especially if it was,
Another 300,000 more are still damaged. Global news, 24 hours a day, powered by more than 2,700 journalists and analysts in more than 120 countries. I am alisa parenti, and this is bloomberg. Emily i am emily chang and is bloomberg technology. Coming up, tax big earnings on what has been record earnings. Under onech empire publicly traded roof, will explain. And taiwan may be positioning itself to be the next door currency hot in asia holland a crackdown on china and south korea. Our coverage from taiwan, straight ahead. But first our lead. A slew of the tech earnings this week. Facebook, microsoft, qualcomm, and out the back, and apple. It was a common theme in the tech reports this week. Shares and alphabet, amazon and others hit records after reports, and analysts are expecting the same. Ning us now from new york Bloomberg Tax julie for hageman. Kathy, i will start with you. Lets start with the earnings that you are watching. What are you most optimistic about . Taking our cues from
Again with investors still unnerved following harassment claims against steve wynn. Authorities in macau have been in contact to make sure that key staff meet certain standards. Global news 24 hours a day powered by our 2700 journalists and analysts in more than 120 countries. This is bloomberg. Let us take a look at the markets. Not a great day for equity and australia. 1. 4 andi is down by the hang seng is retreating from record highs. This is bloomberg. Emily i am emily chang and is bloomberg technology. Coming up, big tax and big earnings. Coming up, what has been record earnings. Plus, a tech empire under one publicly traded roof, will explain. And taiwan may be positioning itself to be the next door in asia. Ryptocurrency a crackdown on china and south korea. Our coverage from taiwan, straight ahead. But first our lead. A slew of the tech earnings this week. Facebook, microsoft, qualcomm, and out for that and apple. It was a common theme in the tech reports this week. The sector
For the first time in ten years. It begins with tax day on capitol hill after an unexpected delay yesterday, House Republicans set to officially roll out their tax reform plan this morning plus, dead serious about russia facebooks ceo, Mark Zuckerberg, promising increased efforts to police content on the social media platform and trouble for tesla, the automaker missing a model 3 production goal, reporting its largest ever quarterly loss. Right now, House Republicans and ways and Means Committee chairman kevin brady meeting on capitol hill as they get ready to reveal their tax plan. It calls for a corporate rate cut to 20. The repatriation would be 5 cash, 12 other assets, 30 of passthrough income subject to a lower rate there would be four tax brackets for individuals, the top rate remaining at 39. 6 and a phaseout of the estate tax. The journal saying that corporate will be permanent, with no phaseout although this has literally changed four or five times in the past day or two. I th
And up to 45 minutes or departures. Council speaker Melissa Markviverito gave her state of the city address today and the proposals about criminal justice is already causing controversy. Dick brennan has the story, speech an reaction. Reporter thats right. The speech targets criminal justice reform. The speaker wants to shrink the size of the rikers population and is pointing a new commission to track the entire criminal justice system. Today, im announcing a new independent commission chaired by jonathan lippman. Reporter the City Council Speaker wants what she calls fairer penalties for low level quality of life offenses and warrants. Spending the night in jail on a 10yearold warrant for being in the park after dark senseless. Reporter markviverito proposes to create a system to clear some of the 1. 5 million summons for those who spent years or decades out of the idea has the support of brooklyn d. A. Ken thompson. But warrant amnesty is getting fierce opposition from the police. Pb