0
0.0
Apr 17, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
>> i will go back to what tim cook has told me in the past about india, india is growing, a rapid middle-class. a growing educated middle-class approaching -- there is a job opportunity for potential customers, that said, apple products are too expensive for most indians to buy, i will point to that growing middle class, there's a reason why they see opportunity. >> very difficult balance nonetheless, interesting story. our next up on the virtual china tour, lagging luxury lv mh saying it's wealth is slowing because of wealthy spending by consumers. hi, robert. >>> they reported a 6% decline, that's mainly china, if you include spending by chinese taurus outside of china, sales for china and total increased 10%, a lot of that buying was by the chinese in japan. that shift in chinese buying rather than an overall decline in chinese spending, it's a fairly weak quarter, lvmh sales of only 3%, down 12%, wine and spirits, jewelry and watches including tiffany down 2%, fashion and leather goods sales up a little bit 2%. we all know china had been the big growth engine for luxury, that was the big h
>> i will go back to what tim cook has told me in the past about india, india is growing, a rapid middle-class. a growing educated middle-class approaching -- there is a job opportunity for potential customers, that said, apple products are too expensive for most indians to buy, i will point to that growing middle class, there's a reason why they see opportunity. >> very difficult balance nonetheless, interesting story. our next up on the virtual china tour, lagging luxury lv mh...
0
0.0
Apr 10, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
apple has assembled $14.5 billion worth of phones in india. they're following amazon and microsoft's lead by skexpandingn florida. they have a smaller office area focusing on latin america and its ad business. >>> microsoft and netease team up again after their decade-long fallout last year. >>> chinese ev stocks outpace tesla. this is over government initiatives around government loan rules. >> bytedance profit growing. this is the first time they've outperformed tencent in revenue and profit. >>> shares of boeing are lower again as the faa investigates a new whistle blower claim. boeing says it's fully confident in the model and the accusations are inaccurate. ceo davidcalhoun has been asked to testify on capitol hill next week. >>> here's what to watch, the big market event of the week at 8:30 a.m. eastern time and we get monthly figures and budget statements. delta reports on its quarterly results. we hear from fed governor michelle bowman today. >>> the markets, they've been inching along this week as investors just wait for today's cpi d
apple has assembled $14.5 billion worth of phones in india. they're following amazon and microsoft's lead by skexpandingn florida. they have a smaller office area focusing on latin america and its ad business. >>> microsoft and netease team up again after their decade-long fallout last year. >>> chinese ev stocks outpace tesla. this is over government initiatives around government loan rules. >> bytedance profit growing. this is the first time they've outperformed...
0
0.0
Apr 10, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
not growing and india has the youngest population? i'm saying there's a shift going on, and we act as if the chinese, because they do have a very powerful military, are always threatening us. taiwan semi with a fantastic number last night. when i listened to the interview with sara, i say to myself, wow. where's the old days where we were mendikens for chinese business? those days are over. >> direct foreign investment has fallen dramatically. >> big election in mexico. we're not spending any time in mexico, which is ridiculous. >> why do you say that? >> they're a fabulous trading partner. you can't even buy anything that makes any money for you. you can buy the peso, which i think is very strong, but ultimately, that's our biggest trading partner, and i don't know why biden doesn't spend more time trying to figure out how to fix the border, because we have a president there who's have pro-capitalism, and the new president will most likely be pro capitalism. that's where we should be spending more time, india and mexico. the sunset i
not growing and india has the youngest population? i'm saying there's a shift going on, and we act as if the chinese, because they do have a very powerful military, are always threatening us. taiwan semi with a fantastic number last night. when i listened to the interview with sara, i say to myself, wow. where's the old days where we were mendikens for chinese business? those days are over. >> direct foreign investment has fallen dramatically. >> big election in mexico. we're not...
0
0.0
Apr 12, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
there's a reason they manufactured in india. it should be 100%. >> this stock has been amazingly resilient because of the install base. any perceived lack of innovation, now they have the a.i. story and they expect that to unlock an iphone super cycle. >> we're buyers of apple. i agree with what bill said with the exception of china. that's not part of our thesis or narrative. we exited at 200. i see the price targets going up. they have $100 billion in free cash flow over the past 12 months. it might not be the innovator. it might not be the growth engine, but they print money and we like that part. >> you've been burned in periods of time, hey, if apple gets down to this certain level, then i'll buy it and it never reached the level you thought it might get to, you and a lot of other people. that just speaks to the resiliency of this name. bill cites what feels like it might be an inflection point this week, new innovation on chips. now do you want to get more negative on apple ahead of a.i.? >> i don't want to get more negati
there's a reason they manufactured in india. it should be 100%. >> this stock has been amazingly resilient because of the install base. any perceived lack of innovation, now they have the a.i. story and they expect that to unlock an iphone super cycle. >> we're buyers of apple. i agree with what bill said with the exception of china. that's not part of our thesis or narrative. we exited at 200. i see the price targets going up. they have $100 billion in free cash flow over the past...
0
0.0
Apr 17, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
across the finance and real estate units according to reports some roles will be moved to places like india, chicago, atlanta, and dublin. >>> coming up, 930,000 is how much a republican mega donor's son gave to the biden campaign the who, the why, and what it means for the biden/trump rematch next, when "the exchange" returns. we'll be right back. good, real food is simple. it looks like food, it smells like food, it's what dogs are supposed to be eating. no living being should ever eat processed food for every single meal of their life. it's amazing to me how many people write in about their dogs changing for the better. the farmer's dog is just our way to help people take care of them. ♪ >>> welcome back to "the exchange." the biden campaign has a new and perhaps surprising mega donor. a new piece on cnbm examines the $930,000 donation from sky dance ceo david ellison. don't know the name? well, it's the son of oracle co-founder and republican mega donor larry ellison. joining us now is cnbc.com's political finance reporter brian schwarz. this is a curious move, as you point out in one
across the finance and real estate units according to reports some roles will be moved to places like india, chicago, atlanta, and dublin. >>> coming up, 930,000 is how much a republican mega donor's son gave to the biden campaign the who, the why, and what it means for the biden/trump rematch next, when "the exchange" returns. we'll be right back. good, real food is simple. it looks like food, it smells like food, it's what dogs are supposed to be eating. no living being...
0
0.0
Apr 11, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
wework is very profit like in israel, india, and a lot of european cities. if i were to wave the magic want, i would take the things that i just spoke about flow, our values of give and grow, we talk a lot about flow, about giving. giving is receiving. our residents, they are very excited about giveback. our employees are excited about giveback. >> you did that with wework, as well. >> we did a lot of it, but i feel like in flow, we're taking the best of the best and putting that in the dna on the first day. that's the big difference. s i'll take the best things from flow, from giveback and values and integrate them into wework that will involve the problem. >> adam neumann, thank you very much for spending time with us today. >> thank you very much. >> tyler, i'll hand it back over to you. >> deidre, thank you very much, deidre. >>> let's get some reaction from two folks familiar with the world of startups and venture capital. welcome to both of you. gentlemen, i'm going to confess that as i listened to that, my skepticism antenna were high. i wonder, dunca
wework is very profit like in israel, india, and a lot of european cities. if i were to wave the magic want, i would take the things that i just spoke about flow, our values of give and grow, we talk a lot about flow, about giving. giving is receiving. our residents, they are very excited about giveback. our employees are excited about giveback. >> you did that with wework, as well. >> we did a lot of it, but i feel like in flow, we're taking the best of the best and putting that in...
0
0.0
Apr 17, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
we've seen apple move their supply chain to india, and they have better relationship and longer standing relationships with the chinese government. china is supporting their domestic producers that, by the way, make newer, more richer in terms of the accessories, in terms of basically even the -- even the range. of theirs cars than tesla. that's number two. number three -- number three, we've seen elon just tweet out, oh, no more prices -- we're raising prices. he lied. they're cutting prices. big robotaxi announcement. we secured funding for the take private. the guy is a pathological liar to keep his stock price up. so forgetting the fundamentals, you've got lots full of evs selling at major discounts from the major auto players that couldn't sell them. the fundamentals are horrendous. >> bryn? >> i think that with -- >> bryn, one more thing. >> no, no, let bryn go. >> one more thing, one more buzz line. once again, you just don't like elon, by the way. >> i think elon is a genius. i've said that repeatedly. >> when you look at the ev market, they continue to be the top-selling brand i
we've seen apple move their supply chain to india, and they have better relationship and longer standing relationships with the chinese government. china is supporting their domestic producers that, by the way, make newer, more richer in terms of the accessories, in terms of basically even the -- even the range. of theirs cars than tesla. that's number two. number three -- number three, we've seen elon just tweet out, oh, no more prices -- we're raising prices. he lied. they're cutting prices....
0
0.0
Apr 12, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
we've got an economy that i think is the india of the world at this point in time. obviously we want to continue to do that. >> when you talk about strengthening the smiupply chai how do you do that when it comes to food? >> basically, two things. one, creating a more local and regional food system so we're not as reliant on a handful of processing facilities, for example. we've invested over a billion dollars in nearly 400 projects across the united states to expand access to processing capacity. again, strengthening the transportation system. as we invest in roads, bridges, rail systems, ports and so forth, that's going to allow us to get product to market more quickly and efficiently. it is a combination of a number of things, none of which are easy and none of which take -- can be done quickly. >> right, they take time. in the meantime the investments from the ira could very well push inflation higher because it is money pouring into the economy to create jobs for some of these things along the way. but it does create some inflationary pressures. >> you know, on
we've got an economy that i think is the india of the world at this point in time. obviously we want to continue to do that. >> when you talk about strengthening the smiupply chai how do you do that when it comes to food? >> basically, two things. one, creating a more local and regional food system so we're not as reliant on a handful of processing facilities, for example. we've invested over a billion dollars in nearly 400 projects across the united states to expand access to...
0
0.0
Apr 15, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
. >> and, obviously, india continues to be an important part of their execution as well outside of the chinese domestic market. speaking of apple, the shares are down 1%. defining the overall tone in the market as we've been seeing the last half hour. the s&p up 8%. nasdaq following right along, but there are apple shares on those market share numbers that we got from idc and tesla shares interestingly, also down about 3.5% oftentimes when we talk about layoffs from companies, they actually generate a positive response in the market, but not so with tesla. the fears of overall demand sliding for their product or outweighing what may be margin improvement as a result of these layoffs. >> bp as well cutting jobs in their ev unit, trying to get back to different drivers of growth as questions continue to be asked about global demand. >> everybody likes hybrids. >> yes. >> toyota. >> hybrids revenge. holding the opening gains. dow up 330 and the s&p 5163. "squawk on the street" continues in a moment. don't go anywhere. you know what's brilliant? boring. think about it. boring is the unsung
. >> and, obviously, india continues to be an important part of their execution as well outside of the chinese domestic market. speaking of apple, the shares are down 1%. defining the overall tone in the market as we've been seeing the last half hour. the s&p up 8%. nasdaq following right along, but there are apple shares on those market share numbers that we got from idc and tesla shares interestingly, also down about 3.5% oftentimes when we talk about layoffs from companies, they...
0
0.0
Apr 12, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
india, france and other countries have issued similar warnings to their citizens. >>> russia is reviewing a peace proposal from 2022 that ukraine had previously rejected. the kremlin said today that the draft agreement could serve as a starting point for talks to end the war. russia has dismissed ukraine's proposal which demands for moscow to pull back its troops, compensate ukraine and face an international tribunal. >>> president biden announced another round of student debt forgiveness this morning. he said today his administration will cancel $7.4 billion in loans for 277,000 borrowers in certain low income programs. with this latest move the white house says it has now canceled $153 billion in loans for 4.3 million americans. sara, back over to you. >> thank you very much. >>> we're about an hour into trading just want to show you what's happening in the market. we've turned south again. the dow down 321 points. the banks are definitely part of that story with jpmorgan the biggest drag off earnings. goldman sachs right down there with it. microsoft is getting hit. technology giving b
india, france and other countries have issued similar warnings to their citizens. >>> russia is reviewing a peace proposal from 2022 that ukraine had previously rejected. the kremlin said today that the draft agreement could serve as a starting point for talks to end the war. russia has dismissed ukraine's proposal which demands for moscow to pull back its troops, compensate ukraine and face an international tribunal. >>> president biden announced another round of student debt...
0
0.0
Apr 9, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
they're in conflict with india, they're in conflict with the philippines, they're in conflict with japan. then there's the outer ring where they want to say to the rest of the world, there's a win-win and to charm china. the three cs. charm, conflict, and calm. and there's a tension in each one of those. and in china, the basic point is their economy for a series of bad editions they made in years past and even currently is on the back heel. that back heel is one of the greatest pieces of deterrence. and to the american business, here's a china that -- remember this. and i would say this to every leader in the united states, your research and development is zoo s subsidized by the united states taxpayers. we give you a taxpayer so you can do that. you cannot allow economic espionage to go because you want access to a market. you're part of an economic strategy, and i would say to the united states, i would say, be very clear, also, not chinese leaders. you want -- you want international capital you want actual business leaders investing and growing your economy, you cannot cheat and stea
they're in conflict with india, they're in conflict with the philippines, they're in conflict with japan. then there's the outer ring where they want to say to the rest of the world, there's a win-win and to charm china. the three cs. charm, conflict, and calm. and there's a tension in each one of those. and in china, the basic point is their economy for a series of bad editions they made in years past and even currently is on the back heel. that back heel is one of the greatest pieces of...
0
0.0
Apr 10, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
. >>> apple is reporting that some $14 billion worth of iphones have been assembled in india, now accounting for about one in seven of all new iphones locally. among the top companies, fox come at 67% followed by pegatron and wistron. the question is how quickly can that i do this? >>> >>> apple is looking to expand in miami. the move follows expansions by amazon and microsoft in the area as well. >> there have been some opportunists. carnival las been looking at selling its headquarters there because the market has gotten so hot. ratcheting up those who have been ot. >> it's true. >>> we're also watching shares of taiwan semiconductor. the company reporting a surge up 34% year over year. tsmc is the world's largest contract semi-conduction. and semi-conduction shares up. >> i don't know how to pronounce this. intel has introduced a new chip, a new ai chip. is it goaudi. >> is it gaudi or gaudi? >> i don't know. >> it runs faster than the comparable chip. we're going to talk more about it with a chip stocks analyst from morgan stanley at the beginning of the hour. >> now i want to know. gaud
. >>> apple is reporting that some $14 billion worth of iphones have been assembled in india, now accounting for about one in seven of all new iphones locally. among the top companies, fox come at 67% followed by pegatron and wistron. the question is how quickly can that i do this? >>> >>> apple is looking to expand in miami. the move follows expansions by amazon and microsoft in the area as well. >> there have been some opportunists. carnival las been looking...