Two fast updates to a few tales from this morning involving Apple, the Trump administration, and elevated India tariffs. First, CNBC stories that the $100 billion U.S. funding improve (over 4 years) announcement is presently scheduled for 4:30 ET in the present day.
Apple CEO Tim Cook dinner is anticipated to seem alongside President Trump at what is claimed to be a televised occasion out of the Oval Workplace on the White Home.
It’s no coincidence that Apple will reportedly be “largely unaffected” by the Trump administration’s newest govt order to extend tariffs on items imported into the US from India. That’s additionally in response to CNBC, citing White Home sources. The information gained’t come as a shock.
As we famous this morning, Wall Road is already rewarding Apple for its well timed funding improve announcement. What may have been an costly day for Apple because of tariffs is as an alternative amounting to $25 billion in U.S. manufacturing investments to some extent yearly for the following 4 years. In the meantime, Apple inventory is up greater than 5% throughout intraday buying and selling.
We’ll carry you the total particulars of no matter Apple shares as quickly because the announcement happens later in the present day.
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