Manufacturing & Supply Chain - Bringing manufacturing back to America is a desirable goal, echoing Steve Jobs' vision of integrated design and manufacturing [1] - End-to-end control over the manufacturing process, from microchips to finished products, is crucial for high-end products [1][9] - Global supply chains, while offering comparative advantages, can lead to a disconnect between design and manufacturing [1] - A potential 10-15% advantage for companies building in America could incentivize domestic manufacturing [1] Trade & Policy - The speaker has shifted from a staunch free trade advocate to recognizing the importance of domestic manufacturing for job creation and economic stability [1][2] - Unpredictable tariffs, like those implemented by President Trump, are not the ideal approach to incentivizing domestic manufacturing [1][3] - Manufacturing chips in America is crucial to reduce reliance on China [6] Company Specific - Apple's CEO Tim Cook is praised for his ability to navigate political administrations and his expertise in managing complex global supply chains [1] - Apple's collaboration with Corning on Gorilla Glass exemplifies the importance of close partnerships for product perfection [8][9] - Intel's stock is down by 3.8% following concerns about the CEO's ties to China [5]

Economic activity tied to manufacturing has shrunk during most of President Trump’s second term, despite companies’ pledges to beef up investments in domestic production https://t.co/KY4YPGRXXK ...

Around the world, politicians are fixated on factories. But this obsession with factories is built on myths—and will be self-defeating https://t.co/CxJ9QRGAlz ...

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 ...

Investment & Manufacturing Commitment - Apple commits an additional $100 billion to the US, bringing the total US investment to $600 billion over the next four years [4] - Apple is launching an American manufacturing program to spur more production in America for critical components [5] - American manufacturers are on track to make 19 billion chips for Apple in 24 factories across 12 states this year [8] Supply Chain Localization - Apple is leading the creation of an end-to-end silicon supply chain in America, working with manufacturers like Texas Instruments, Global Wafers America, and Applied Materials [6] - Apple will use American-made advanced rare earth magnets developed by MP Materials in its devices [8] - Every new iPhone and Apple Watch sold globally will contain cover glass made in Kentucky [9] Expansion & Partnerships - Apple has signed new agreements with 10 companies across America [5] - Apple is expanding data center capacity in North Carolina, Nevada, Iowa, Arizona, and Oregon [10] - Apple is partnering with Corning in Kentucky to build the world's largest and most advanced smartphone glass production line [9]

It's a big number in isolation, sort of, but it's also got to be taken in aggregate. Absolutely. Look, Apple spends a lot on these types of initiatives all the time.They have already been planning to spend hundreds of billions of dollars in the coming years. The Trump administration likes big, round, big honking numbers. Right.And this is a way for them to say we've scored a victory. We are bringing manufacturing back to the United States on Apple's part, making these pledges, throwing these numbers out the ...

Watch live coverage as President Trump holds a White House event for Apple’s commitment to a new investment in American manufacturing. Apple CEO Tim Cook is expected to join the president for the announcement. For more context and news coverage of the most important stories of our day, click here: https://www.nbcnews.com » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deli ...

Welcome back to Squawkbox. We are in Aspen, Colorado this morning with two former Treasury Secretaries uh who are uh the co-chairs of the Aspen Economic Group. Good morning to you.Hank Pollson is here. Tim Gner is here. Uh we just spoke to the president.Lots of questions about where our economy is today, what's going on with the tariffs, how you think about all this geopolitically, treasuries and everything. Um geopolitics, China. So I want to get to as much of this as we can.I just want to start though wit ...

"China is a powerhouse of building.. they can manufacture everything and anything under the sun faster than anyone else in the world, and that's a superpower they have."- @larsmoravy https://t.co/EsAIjCfAHN ...

Economic Indicators & Job Market - The White House acknowledges that recent job numbers were not as strong as expected, attributing downward revisions to statistical quirks like seasonal adjustments, with approximately 60% due to changing seasonal factors [2][3][4][5] - The report indicates a softening in the labor market, with potential contributions from border policies and uncertainty surrounding immigration policies affecting hiring decisions [6][9][10] - There's a modest decline in manufacturing employment and a more significant decline in manufacturing activity, raising concerns about the economy not delivering on promises of increased manufacturing and manufacturing jobs [11] Trade Policies & Tariffs - The original promise of 90 trade deals in 90 days was not met, with only 8 to 10 negotiated frameworks achieved, while some countries may receive extensions or return to the negotiating table [13][15] - Markets have become accustomed to tariff rates of 10%, with many countries facing rates closer to 15% to 20%, a significant increase from the previous rate of approximately 25% [18][19] - The tariffs have generated approximately $100 billion in revenue, but their effectiveness in creating jobs and boosting manufacturing in the US remains unproven [20] - The president's approach faces an inherent contradiction: high revenue collection implies continued imports, while successful relocation of production to the US would reduce imports and revenue [21][22] Legal & Political Challenges - The legality of the tariffs is being questioned, with potential challenges leading to a Supreme Court review that could take months or even a year to resolve [28] - If deemed unconstitutional, the US would no longer be able to collect the tariffs, though it's unclear if past tariffs would be refunded [29] - The Fed faces a dilemma with conflicting data: rising inflation potentially driven by tariffs versus softening job numbers, making it difficult to decide whether to cut rates [30][31]