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Trump Plans 100% Tariff on Chips With Carveout for Apple, Others (Full Remarks)
Bloomberg Television· 2025-08-07 11:42
This afternoon, we're pleased to welcome to the White House one of the great and most esteemed business leaders and geniuses and innovators anywhere in the world, Apple CEO Tim Cook. Amazing job. Thanks as well to Secretary of the Treasury Scott Bessant and Secretary of Commerce Howard Lutnik for being here wherever you may be.>> Oh, there you are. Hello, fellas. I missed you.Today, Apple is announcing that it will invest $600 billion dollar, that's with a B, in the United States over the next four years. T ...
Trump to unleash more tariffs on semiconductors and chips
Bloomberg Television· 2025-08-07 11:15
You know what it's like to be in the Oval Office when the chiefs of corporate America come to town. And the president has made a habit of this. Now, in this case, corralling Tim Cook, he had several others for unrelated events in the Oval Office to talk about this grand domestic investment.Is this something that Republicans and Democrats can see eye to eye on. Oh, absolutely. The CHIPS Act passed last year, in the year before with bipartisan support.You know, growing our chips and our aid capability is a no ...
Putin-Trump Meeting to Take Place Within Days, Russia Says
Bloomberg Television· 2025-08-07 09:20
Trump-Putin meeting. What can we expect. What needs to happen before the to actually sit down.Yes. The Kremlin said this morning that they're working out the details with the American side and they've agreed that there'll be a meeting within the next few days. You said they're working on next week.They've decided on a venue that he hasn't disclosed that yet. And he said that when called, raised the idea of a trilateral meeting involving not only Putin, Trump, but also Ukrainian President Zelensky. But the R ...
BOE Rate Decision: Special Coverage and Press Conference | August 7, 2025
Bloomberg Television· 2025-08-07 06:13
Follow Bloomberg Television's special live coverage of Bank of England Governor Andrew Bailey's press conference following the BOE's interest rate decision. Bloomberg's Lizzy Burden is joined by Hugh Gimber, Global Market Strategist at JPMorgan Asset Management, Marcus Ashworth from Bloomberg Opinion and Bloomberg Daybreak's Lucy Meakin. ...
India-US Ties Hit Rock Bottom Over Trump's Tariffs | Insight with Haslinda Amin 8/7/2025
Bloomberg Television· 2025-08-07 05:03
AS YOU KNOW WE PUT A 50% TARIFF ON INDIA. THEY ARE VERY CLOSE TO CHINA IN TERMS OF THE PURCHASE OF OIL FROM RUSSIA. WHY ARE SINGLING INDIA OUT.IT HAS ONLY BEEN EIGHT HOURS. LET'S SEE WHAT HAPPENS OVER THE NEXT -- YOU WILL SEE A LOT MORE. YOU'RE GOING TO SEE A LOT MORE. YOU ARE GOING TO SEE SO MUCH SECONDARY SANCTIONS.HASLINDA: PRESIDENT TRUMP DOUBLES HIS TARIFFS IN INDIA OVER ITS RUSSIAN CRUDE OIL IMPORTS AND PUTS CHINA I NOTICED. LIVE FROM SINGAPORE, THIS IS INSIGHT WITH HASLINDA ALMIN. WE WILL BE PUTTING ...
Trump Says He Will Impose 100% Tariff on Semiconductors
Bloomberg Television· 2025-08-06 22:22
We're going to be putting a very large tariff on chips and semiconductors. But the good news for companies like Apple is if you're building in the United States or have committed to build without question, committed to build in the United States, there will be no charge. In other words, we're not going to be charging.So a lot of countries, a lot of companies are leaving various other places and they're coming to the United States. So, in other words, we'll be putting a tariff of approximately 100% on chips ...
Trump Says Apple Is ‘Coming Home' With New Investment
Bloomberg Television· 2025-08-06 22:13
This afternoon. We're pleased to welcome to the White House one of the great and most esteemed business leaders and geniuses and innovators anywhere in the world, Apple CEO Tim Cook. Amazing job.Thanks as well to Secretary of the Treasury Scott Bessant and Secretary of Commerce Howard Lutnick for being here. Wherever you may be in New York, fellas, I missed you. Today, Apple is announcing that it will invest $600 billion just with a B in the United States over the next four years.That's $100 billion more th ...
India and the US: Trump sends stern message
Bloomberg Television· 2025-08-06 19:36
President Donald Trump has been cranking up the pressure on India, a country the US has courted as a strategic counterweight against China. Last week, Trump announced a 25% tariff on India, a higher rate than many other major economies in Asia. But he didn't stop there.This week, he threatened to raise the levy even higher. His message to India is clear. Stop buying Russian oil.If you look at India's purchase of Russian oil, it is substantial. It's about 1.7% million barrels a day from Russia, there are no ...
McDonald's Wants to Make Breakfast Popular Again
Bloomberg Television· 2025-08-06 19:24
Industry Overview & Competitive Advantage - The industry benefits from McDonald's strong same-store sales performance, but this could pose challenges for competitors [1] - McDonald's scale allows it to offer products at lower prices than its peers, while still enabling franchisees to profit [2][3] - Overseas, McDonald's operates with less competition, positioning it as a pricing leader [5][6] Financial Performance & Growth Strategy - McDonald's is experiencing a strong second half of the year, driven by easier comparisons and international market growth [3] - International markets are leading the company's growth, outpacing the U S market in the past year or so [3][5] - The company is implementing a similar playbook overseas as in the U S, but is potentially ahead in providing everyday value [4] Consumer Behavior & Value Proposition - McDonald's acknowledges a double-digit traffic decline among low-income consumers, while seeing gains with middle and high-income consumers [8] - The company is focusing on value offerings, such as $5 meals and "buy one, get one for a dollar" promotions, to attract price-sensitive consumers [9] - McDonald's aims to improve product quality and service while maintaining competitive price points [10] Product Innovation & Menu Strategy - McDonald's is reintroducing popular items like snack wraps and crispy shrimp, and debuting new offerings like the "daily double" [2] - The company is improving the quality of its beef and burgers, and introducing larger burger options like the "Big Arch" [6][7] - McDonald's is expanding its chicken offerings internationally [7]
Morgan Stanley's Wilson On Where he sees opportunities in this market
Bloomberg Television· 2025-08-06 18:24
Well, I think I mean, as usual, the markets get ahead of this. And what the markets are anticipating now, the bond market and the equity markets that the Fed will be cutting sometime in the next 2 to 6 months. And, you know, even our house call, I mean, our house calls for no cuts this year, but then they have seven cuts next year.I mean, that's like wildly bullish for equities. So, you know, it's you almost have the perfect setup time because what you have now is lagging economic data, which is what the Fe ...