|Bid||0.00 x 1800|
|Ask||0.00 x 900|
|Day's Range||197.35 - 200.99|
|52 Week Range||142.00 - 233.47|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||16.81|
|Earnings Date||Jul 29, 2019 - Aug 2, 2019|
|Forward Dividend & Yield||3.08 (1.57%)|
|1y Target Est||212.03|
President Trump threatening more tariffs on China if talks with them break down. CFRA Chief Investment Strategist Sam Stovall, NYU Stern School of Business Economics Professor Nicholas Economides joins Yahoo Finance's Seana Smith.
General Mills, Target, Apple, Southwest Airlines and Netflix are the companies to watch.
(Bloomberg Opinion) -- If you’re in the business of selling passenger aircraft, design flaws that might cause your planes to crash ought to be non-existent.That’s why the discovery of a second critical safety risk on Boeing Co.’s 737 Max is so alarming. Tests by the U.S. Federal Aviation Administration found that flight computers could cause the plane to dive in a way that pilots struggled to correct in simulator tests, people familiar with the finding told Alan Levin and Julie Johnsson of Bloomberg News on Wednesday. The problem wasn’t connected to the Maneuvering Characteristics Augmentation System, or MCAS, that’s been linked to 737 Max crashes in Indonesia and Ethiopia, but could produce similar effects, one of the people said.(1)Lightning shouldn’t strike in the same place twice. Developing new aircraft is a decade-scale project, with certification by aviation regulators alone typically taking five years. By the time a plane is ready to be delivered to customers, it should have passed through such a stringent battery of tests that only once-in-a-lifetime events can cause problems.It’s bad enough that the 737 Max made it onto the market with one system that could cause uncontrolled flights to plunge into the ground. To discover a second casts a worrying light on the company’s entire safety culture.How could Boeing have allowed further problems in such critical systems to lie undisclosed?Since the 737 Max grounding, many people, including this columnist, have exhorted the company to follow the crisis-management approach taken by Johnson & Johnson in the wake of the 1982 Tylenol scandal: Put safety first and maximize transparency to convince the public that the company has nothing to hide.And yet, as my colleague Brooke Sutherland has argued, there’s precious little evidence that Boeing has done enough in terms of improving transparency, communication and oversight to get it out of the doghouse.The problem is that Boeing is a different sort of company than Johnson & Johnson. Consumers were easily able to choose another brand of painkillers if they didn’t trust Tylenol, so winning back their trust was an existential issue. The same doesn’t apply in the case of commercial aircraft, which are sold in a duopolistic market where any airline wanting to get a good price from Airbus SE has to keep Boeing in play as a potential supplier.In theory, passengers who refuse to fly on the 737 Max and find out at the departure gate that their aircraft has been switched from an A320neo could tear up their tickets and exercise consumer choice in the same way as a shopper buying headache pills. In practice, we’re all stuck with whatever is served up to us.Investors seem to know this. Boeing’s share price, amid the grounding of its key product and a simmering trade war over one of its biggest markets, is doing just fine. Blended forward 12-month price-earnings ratios put it on a higher valuation than Facebook Inc., Alphabet Inc., and Apple Inc. At the Paris airshow this month, the company managed to score a haul of around $34 billion in new orders – less than the $44 billion tally for Airbus, to be sure, but grounded on a $24 billion commitment from IAG SA for the 737 Max itself.Chief Executive Officer Dennis Muilenburg this week promised to inspire a “relentless pursuit of safety” at Boeing. “We want to create an environment where everyone feels comfortable bringing problems to the surface,” he told the Aspen Ideas Festival on Wednesday. “We don’t want to create an environment where problems stay hidden.”This latest revelation suggests that’s still not happening – and far from suffering, Boeing is doing just fine. (1) Slow processing by a cockpit chip meant that the workarounds pilots use to recover from problems with the MCAS were taking too long to kick in, according to a separate report by Aviation Week. Boeing acknowledged the issue and said it’s working on a software fix.To contact the author of this story: David Fickling at firstname.lastname@example.orgTo contact the editor responsible for this story: Matthew Brooker at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Japan Display Inc is set to receive a $100 million investment from Apple Inc, its biggest customer, the Asahi newspaper reported on Thursday, sending the screen maker's shares up as much as 32% in Tokyo. Japan Display is facing a funding crunch due to Apple's recent shift away from liquid-crystal displays (LCD) and disappointing sales of the iPhone XR, the only LCD model in Apple's 2018 line-up. Representatives for Japan Display and Apple separately declined to comment on the report.
US has tariffs on $250 billion worth of Chinese products with the remaining $325 billion worth of goods (cover the rest of China???s total exports to the US) being threatened, sitting in limbo taunting China.
Disappointed with their company’s handling of gay harassment on YouTube, a group of 100 Google employees today lobbied the organizers of San Francisco Pride to kick their employer out of the parade.
The U.S. Supreme Court in its term that concludes this week was not quite as business friendly as it has been in recent years, with President Donald Trump's appointee Brett Kavanaugh writing a pivotal one of the batch of rulings that defied corporate interests. Overall, the court's rulings helped the business community more than they hurt, a regular feature under conservative Chief Justice John Roberts. While the court in recent years generally has favored the business community over employees, consumers and government regulators, several business-related cases were decided this term in favor of challengers to corporate interests on critical issues such as class action litigation, antitrust law, arbitration, investor protection and the environment.
(Bloomberg) -- President Donald Trump complained again about supposed bias against conservatives at social media companies and said the U.S. government should sue Google and Facebook Inc. for unspecified wrongdoing.Trump complained in an interview with Fox Business Network on Wednesday that social media companies are run by Democrats and that Twitter has somehow made it difficult for people to follow his @realDonaldTrump account, from which he tweets prolifically.“What they did to me on Twitter is incredible,” Trump said in the interview with Fox’s Maria Bartiromo. “You know I have millions and millions of followers but I will tell you they make it very hard for people to join me at Twitter and then make it very much harder for me to get out the message.”Twitter said that followers of high-profile accounts may have been deleted as part of an effort to remove fake, abusive and malicious accounts.For More: Trump Accuses Twitter of Political Bias in Culling His FollowersThe White House said Wednesday it’s planning a Social Media Summit July 11 to “bring together digital leaders for a robust conversation on the opportunities and challenges of today’s online environment.”Trump also complained about the European Union targeting U.S. technology companies in the interview. EU Competition Commissioner Margrethe Vestager has fined Google billions of dollars for antitrust violations and has opened an early-stage probe into Amazon.com Inc.‘s potential use of data on smaller rivals’ sales.“I won’t mention her name but she’s actually considered to take Jean Claude’s place because Jean Claude at some point is retiring,” said Trump, referring to the possibility that Vestager could succeed European Commission President Jean-Claude Junker. “She hates the United States, perhaps worse than any person I’ve ever met. What she -- what she does to our country -- she’s suing all our companies.”For More: Faltering German Hands Vestager Chance to Claim Europe’s Top Job“You know, look, we should be suing Google and Facebook and all that, which perhaps we will, okay,” Trump said, without saying what he thinks the U.S. should sue the companies for. “They’re suing everybody, they make it very -- almost impossible to do two-way business.”Alphabet Inc.‘s Google, Facebook and Twitter Inc. shares dipped on the news before recovering. Google was down 1.2%, Facebook fell less than 1% while Twitter gained 1.4% to Wednesday afternoon in New York.Representatives for Google and Facebook didn’t comment.Social media companies have sought to more aggressively police their sites for what they consider hate speech and fraudulent accounts, but say they have no policies targeting conservatives.Trump’s threat comes after Project Veritas, a conservative organization known for deceptively edited hidden-camera videos, released footage this week allegedly depicting a Google employee saying the company wants to prevent Trump’s re-election.In a blog post, the woman from the video said the notion Google is trying to sway the election “is absolute, unadulterated nonsense.”She said she was explaining that her former team at the company “is working to help prevent the types of online foreign interference that happened in 2016.”House HearingAll three companies were scheduled to testify before a House committee Wednesday on efforts to combat terrorist content and misinformation.Representative Mike Rogers, the top Republican on the House Homeland Security Committee holding the hearing said he had “serious questions” about Google’s ability to be fair given the Project Veritas video.“This report, and others like it, are a stark reminder of why the founders created the First Amendment,” Rogers said in his opening statement. “We are in trouble” if the views in the video represented Google company policy.Google’s global director of information policy testified Wednesday that no single employee could skew search results based on her political beliefs.“We are in the trust business,” the executive, Derek Slater, told Rogers. “We have a long-term incentive to get that right.”Big technology companies are coming under heightened scrutiny in Washington from the government and Congress. Trump’s Justice Department and the Federal Trade Commission have taken the first steps toward investigating four big platforms for antitrust violations by splitting jurisdiction over them. The Justice Department has taken responsibility for Google and Apple Inc., while the FTC will oversee Facebook and Amazon.The House Judiciary antitrust subcommittee, led by Rhode Island Democrat David Cicilline, has launched a broad investigation into the nation’s biggest technology companies starting with a focus on how companies like Google and Facebook have impacted the news industry.For more: House Panel Kicks Off Antitrust Probe With Focus on News MediaSeparately, state attorneys general, including Nebraska’s Doug Peterson and Louisiana’s Jeff Landry -- both Republicans -- are advancing a broad inquiry into whether the biggest U.S. technology platforms are violating antitrust and consumer protection statutes.(Updates with additional Trump quotes in seventh paragraph)\--With assistance from David McLaughlin.To contact the reporters on this story: Alyza Sebenius in Washington at firstname.lastname@example.org;Ben Brody in Washington, D.C. at email@example.comTo contact the editors responsible for this story: Alex Wayne at firstname.lastname@example.org, ;Sara Forden at email@example.com, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The Nasdaq held a small lead going into the last hour of regular trade, as chip stocks rallied but President Trump fired a shot at Facebook and Alphabet.
Last year, when the Federal Reserve was raising rates even as financial markets signaled that rate cuts would jeopardize economic activity, President Donald Trump tweeted in December that the Fed didn't “have a feel for the Market.”
Tesla certainly has its share of haters, with short-sellers continuing to pile into the stock, but when it comes to the crypto community, Elon Musk’s still the man, according to a recent report from Abra.
(Bloomberg) -- Apple Inc. hired one of ARM Holdings Inc.’s top chip engineers as the iPhone maker looks to expand its own chip development to more powerful devices, including the Mac, and new categories like a headset.The company hired Mike Filippo in May for a chip architect position, according to his LinkedIn profile. At ARM, Filippo was a lead engineer behind chip designs that power the vast majority of the world’s smartphones and tablets and was leading a new push into parts for computers. ARM, owned by SoftBank Group Corp., designs microprocessors and licenses technology that is fundamental to the chip development efforts of Apple, Samsung Electronics Co., Qualcomm Inc. and Huawei Technologies Co.Prior to his work at ARM, Filippo was also a key designer at chipmakers Advanced Micro Devices and Intel Corp. ARM confirmed Filippo’s departure. Apple didn’t respond to a request for comment.“Mike was a long-time valuable member of the ARM community,” a spokesman for the U.K.-based company said. “We appreciate all of his efforts and wish him well in his next endeavor.”For Apple, the hire could help fill the void left by the departure of Gerard Williams III earlier this year. Williams was Apple’s head architect of chips used in the iPhone and iPad. Apple’s A series chips power its mobile devices using ARM technology. Its Mac computers have used processors from Intel for nearly two decades.The company initiated a plan several years ago to replace Intel chips in its Mac computers with processors based on the ARM architecture as early as 2020. Filippo’s experience in more advanced chips like those in servers would assist in that effort. The company is also planning to expand its in-house chip making work to new device categories like a headset that meshes augmented and virtual reality, Bloomberg News has reported.To contact the reporters on this story: Mark Gurman in San Francisco at firstname.lastname@example.org;Ian King in San Francisco at email@example.comTo contact the editors responsible for this story: Tom Giles at firstname.lastname@example.org, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
China tariff talks, but they have a lot more steam in them should the two sides come to a resolution, one analyst said. "With the US now potentially willing to hold off on the additional $325 billion worth of tariffs this could remove a major overhang from Apple, which has become the poster child for this US/China trade war, as we believe the Street has been factoring in more of a worst case scenario for Cook & Co.," wrote WedBush Securities analyst Dan Ives in a note. U.S. Treasury Secretary Steve Mnuchin told CNBC Wednesday morning the two economic powerhouses are "ninety percent of the way there" on a trade deal, helping send Apple shares up 2.56% to $200.58.
Users will get notifications, behavior health "nudges" and other health information straight to their smartwatches as Livongo Health integrates its chronic condition management platform into the massive wearables health market.
Self-driving startup Drive.ai was days away from shutting down its operations before it was acquired by Apple Inc. (NASDAQ: AAPL ), according to The Verge. What Happened Drive.ai was founded in 2015 by ...
Hours before self-driving start-up Drive.ai was scheduled to close its doors and lay off all of its staff, Apple Inc (NASDAQ: AAPL) swooped in to buy the company. Drive.ai, an autonomous driving shuttle service once valued at $200 million, is believed to have been purchased by Apple for less than the $77 million Drive.ai raised from venture capital sources. Dozens of those workers, mostly engineering and product design staff, have been picked-up by Apple.
Stocks stayed positive late Wednesday morning with the Nasdaq leading, after Treasury Secretary Steven Mnuchin told CNBC that a U.S. trade deal with China was 90% complete. Trump and Chinese leader Xi Jinping are expected to meet Saturday in Japan. Despite the conflicting emphasis, U.S. stock indexes posted gains.
President Donald Trump has been happy to collect tariffs on Chinese goods. Last month, he even came up with the idea of buying agricultural products from US farmers with the tariffs collected on Chinese goods and then shipping those products to countries in need of aid.
On June 26, the US index futures were pointing toward a positive market opening. Treasury Secretary Steven Mnuchin hinted toward a possible US-China trade deal.
shares traded higher Wednesday as investors reacted to a bullish assessment on U.S.-China trade talks from Treasury Secretary Steve Mnuchin that could remove some of the recent tariff-related risks that have clouded the tech group for the past two months. Mnuchin told CNBC in a Wednesday interview in the Gulf state of Bahrian that a U.S.-China trade deal was "90 percent" complete, adding "I think there's a path to complete this" when President's Donald Trump and Xi Jinping meet later this week at the G20 Summit in Japan. "The message we want to hear is that they want to come back to the table and continue because I think there is a good outcome for their economy and the U.S. economy to get balanced trade and to continue to build on this relationship." Mnuchin said.