|Day's Range||6.05 - 6.05|
Another looming antitrust investigation could be headed for Silliocn Valley's biggest players.
If Trump's tariffs take hold, Apple could end up having to either eat the increased cost of its products, or pass them onto consumers.
Mickey Mouse will have some stiff competition in the streaming world this fall. Apple is reportedly aiming to launch the Apple TV plus service in November. Yahoo Finance's Adam Shapiro and Rick Newman discuss with Direxion Managing Director and Head of Product, Dave Mazza.
Yahoo Finance's Brian Sozzi, Alexis Christoforous, and Dan Howley discuss the upcoming launch of Apple TV+ and how it will compete with the other streaming giants including the upcoming rollout of Disney's new streaming service.
Aug.20 -- Dan Ives, managing director of equity research at Wedbush Securities, and Bloomberg's Mark Gurman discuss Apple Inc.'s plans to roll out the Apple TV+ movie and television subscription service and the tech giant's new credit card. They speak with Bloomberg's Emily Chang on "Bloomberg technology."
During the market’s recent volatile phase, tech stocks have lagged. Since July 26, the S&P; 500 Index is down 3.8% and the Nasdaq Composite is down 4.2%.
(Bloomberg) -- To satisfy regulators, YouTube officials are finalizing plans to end “targeted” advertisements on videos kids are likely to watch, according to three people familiar with the discussion. The move could immediately dent ad sales for the video giant -- though not nearly as much as other proposals on the table.The Federal Trade Commission is looking into whether YouTube breached the Children’s Online Privacy Act (COPPA). The agency reached a settlement with YouTube, but has not released the terms. It is not clear if YouTube’s changes to ad targeting are a result of the settlement. The plans could still change, said the people, who asked not to be identified citing an open investigation.A spokeswoman for YouTube declined to comment. A spokeswoman for the FTC declined to comment. The agency is expected to levy a multimillion-dollar fine.Since targeted, or “behavioral” ads, rely on collecting information about the viewer, COPPA effectively bars companies from serving them to children under 13 without parental permission. These commercial messages that rely on mountains of digital data, such as web-browsing cookies, are integral to the business of Alphabet Inc.’s Google, YouTube’s owner.YouTube has long maintained that its primary site is not for children. (The company says kids should use YouTube Kids app, which does not use targeted ads.) But nursery rhymes and cartoon videos on the main site have billions of views. The platform’s many issues with children’s content-- horrific imagery, problems that led to disabling comments-- have troubled its video creators, worried parents and empowered rivals.Getting rid of targeted ads on children’s content could hit Google’s bottom line -- but this solution would be far less expensive than other potential remedies that aim to placate regulators.In April 2018, a slew of consumer groups complained to the FTC that YouTube regularly collected information about minors to use in targeted advertising. Once the FTC picked up the case, these groups suggested that the agency force YouTube to move all kids’ videos to its designated app for children, YouTube Kids. Joseph Simons, the FTC chairman, has floated another idea. He asked the complainants in a July 1 call whether they would be content with YouTube disabling ads on these videos, Bloomberg News reported earlier.YouTube’s new proposal is even less drastic.Right now, YouTube sells two different types of video ads, broadly speaking. One simply pairs the context of a video with a commercial message. So, a YouTube clip about basketball might have an ad from Adidas. The other type uses an array of digital signals. With these ads, marketers can reach viewers in a demographic group, such as homeowners or new parents, based on Google’s vast data troves -- websites people visit, searches they make and so on.YouTube doesn’t disclose ad sales or prices, but most digital ads are more lucrative when paired with targeting data. Other tech giants, such as Apple Inc., have tried to cull back data-collecting tools in services that kids use.Loup Ventures, a research firm, estimates YouTube’s revenue from children’s media between $500 million and $750 million a year. Paring back targeted ads would dent that revenue, although Google has the ability to make its contextual ads more compelling to mitigate the damage, said Doug Clinton, a Loup Ventures analyst. He pegged the potential impact of YouTube curbing targeted ads at 10% of its overall intake from kids’ videos-- so about $50 million. “That would be the worse case, in my mind,” he said.It’s not clear how YouTube would deliver this targeting ban with the thousands of video channels with whom it splits ad sales. It’s also unclear how YouTube would define which videos are “directed at children” and which aren’t.One certainty: This proposal is unlikely to please complainants. In a July letter to the FTC, the groups argued that bans on YouTube ad targeting would be difficult to enforce. Removing the feature from select kids’ videos doesn’t guarantee that YouTube stops tracking web habits if children watch other clips, said Josh Golin from Campaign for Commercial-Free Childhood, a complainant. “Is Google still going to be collecting all the data and creating marketing profiles?” he said. “That wouldn’t be satisfactory either.”Jeff Chester, executive director of Center for Digital Democracy, another complainant, said that if the FTC settlement only forced YouTube to curb targeting, his group would likely challenge the decision.(Updates with other companies in 10th paragraph.)\--With assistance from Ben Brody and Lucas Shaw.To contact the reporter on this story: Mark Bergen in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Emily Biuso, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
With Federal Reserve Chairman Jerome Powell slated to give remarks at the Jackson Hole, Wyoming summit later this week, it would not be surprising to see some sluggish days for stocks leading up to that event. Such was the case Tuesday.Source: Pavel Ignatov / Shutterstock.com The meeting minutes of the Fed's July meeting are coming out tomorrow, giving traders another reason for pause today. That release could provide details regarding just how unified the central bank is regarding more rate cuts this year.Overall, it wasn't a great day for stocks as highlighted by the fact that in late trading, just five of the 30 members of the Dow Jones Industrial Average were spotted higher, but it could have been worse. The Nasdaq Composite fell by 0.68% while the S&P 500 slipped 0.79%. The Dow Jones Industrial Average finished lower by 0.66%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Undervalued Stocks With Breakout Potential From a broad asset perspective, not much worked today except for familiar friends gold and U.S. government debt. There was some risk-off sentiment permeating markets today following the resignation of Italy's prime minister and more comment from President Donald Trump that he's not quite ready to make a trade deal with China.Let's get into some of the names that moved the Dow Jones Industrial Average today. Today's Dow WinnersI have repeatedly mentioned the The Home Depot (NYSE:HD) in recent days simply because that was the lone looming marquee earnings report among Dow components for investors to digest. The stock soared 4.59% today following that report.Atlanta-based Home Depot posted fiscal second-quarter earnings of $3.17 per share, beating Wall Street's estimates of $3.08. More importantly, the stock rallied on what was some glum guidance from the company. Not only did Home Depot warn about the impact of tariffs on its results, the company lowered full year same-store sales growth estimates to 4% from 5%."Home Depot said it now expects 2019 sales to rise about 2.3%, down from a prior forecast of a 3.3% increase," according to Reuters.While Dow winners were hard to come by, it was encouraging to see Walt Disney (NYSE:DIS) close modestly higher. The company has recently seen some controversy after a former accountant alleged Disney artificially inflated revenue for years."Sandra Kuba, formerly a senior financial analyst in Disney's revenue-operations department who worked for the company for 18 years, alleges that employees working in the parks-and-resorts business segment systematically overstated revenue by billions of dollars by exploiting weaknesses in the company's accounting software," reports Barron's.Kuba said she has alerted the Securities and Exchange Commission (SEC) to the matter. This isn't a comment on the allegations, but shares of Disney have been basically flat over the past week, indicating markets aren't putting much weight on the accounting accusations.Apple (NASDAQ:AAPL) gained 0.15% a day after the company said it plans to spend $6 billion on original content for its streaming platform as plans for its Apple TV+ begin to crystalize. Rumors are swirling that Apple could price that offering at $10 a month in the middle of two of Disney's Disney+ plans. Downed DowMaterials name Dow (NYSE:DOW) was by far the worst offender in the Dow Jones Industrial Average, plunging 5.34% on seemingly light news. One reason the stock may have fallen today, and I emphasize "may," is delayed reaction to an analyst downgrade out last Friday. Delayed because the stock trade higher yesterday, but with Tuesday's loss, it's lower by about 13% over the past 90 days. Bottom Line on Dow Jones TodayTuesday was another one of those sort of directionless, "let's wait and see days" where broader takeaways are hard to come by. For traders looking for near-term ideas, headline risk due to regulatory issues for big tech lingers, potentially bringing some short opportunities there, but that's a cautious bet at best.Second, there is growing sentiment that the worst of the energy sector's doldrums have passed and that the sector is primed to bounce back as the third quarter enters its latter stages.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Dow Jones Today: Another Fed Holding Pattern appeared first on InvestorPlace.
Consumers expressed surprise and disappointment online that Apple is weighing a $9.99 monthly subscription price for its upcoming Apple TV+ service. Apple stock rose a fraction.
Fortnite is the most popular battle royale game worldwide, and generates huge revenues even though it is offered for free by developer, Epic Games.
Leading the Apple (NASDAQ:AAPL) rumor mill today is news about the company's payment card. Today, we'll look at that and other Apple Rumors for Tuesday.Source: View Apart / Shutterstock.com Card Launch: Apple Card is now available for all customers in the U.S. The launch for everyone in the U.S. comes after a preview period earlier this month for certain customers. This new card from AAPL differs greatly from other payment cards. That's because it has a sleek look and doesn't show much of the person's information. This includes the card number, CCV, expiration date and owner's signature not appearing on the card. The tech company claims this makes it more secure than other physical payment cards.Health Troubles: It looks like Apple is dealing with its own Health troubles, reports CNBC. A recent report claims that the tech company's Health division is seeing some of its employees leave. The report says that this is due to disagreements over how the division should act in the future. Due to these problems, some employees are allegedly jumping ship to join up with other tech and healthcare giants.InvestorPlace - Stock Market News, Stock Advice & Trading TipsProMotion Display: Rumor has it that Apple wants to bring its ProMotion Display to the 2019 iPhone line, reports BGR. However, it looks like these rumors may be wrong. The current rumors about this all cite unnamed sources and it looks like it may be a case of misinformation spreading. There is a previous rumor about the iPhone getting a ProMotion Display, but it claims this won't be happening until next year.Subscribe to Apple Rumors As of this writing, William White did not hold a position in any of the aforementioned securities.The post Tuesday Apple Rumors: Apple Card Launches in the U.S. appeared first on InvestorPlace.