Apple sell-off no cause for concern says Trump

Apple's stock has fallen 32 per cent from an October peak to its close of US$157.92 on Wednesday amid growing concerns about the iPhone

The Japanese yen relinquished some of its sharp Thursday gains and was last down 0.2% versus the USA dollar.

Global stocks climbed Friday, staging a partial rebound from Thursday's steep losses after China confirmed a two-day meeting with USA representatives to work to resolve the countries' trade dispute.

China's Commerce Ministry said the talks will be held Monday and Tuesday in Beijing and market watchers are once again hoping for signs the world's largest economic powers will make progress toward resolving their dispute. The tensions have dragged on for almost a year and uncertainty over their outcome has dragged down stock indexes around the world.

China's government said trade talks between the USA and China will be held Monday and Tuesday. USA stocks have tumbled since October as investors anxious that the nation's economy might slow down dramatically because of challenges including the U.S.

As a effect of China's faltering economy, shares of China-sensitive stocks like Boeing, Tiffany's, John Deere and Qualcomm all traded lower.

The stock market's plunge also threatened to shake up businesses' and consumers' confidence and spending plans.

And it puts us in a very strong position.

Some experts believe that the market volatility could eventually lead to changes in the policies that are concerning investors. "The Fed understands that what they attempted to communicate last month was inartful, that they didn't get the right message across, and Powell tried to reset". This resulted to a more than 2 percent loss in all three major USA stock indexes, with the Nasdaq Composite reporting 3 percent.

The Dow Jones Industrial Average jumped 590 points, or 2.6 percent, to 23,276. The Nasdaq Compositeclimbed 4.2 percent.

Trader Gregory Rowe works on the floor of the New York Stock Exchange, Friday, Jan. 4, 2019.

Stocks sank Thursday after

The U.S.is now in the middle of striking a trade deal with China after imposing tariffs on billions of dollars worth of each other's goods.

Talks in Switzerland would follow a meeting due to start in Beijing on Monday between US and Chinese officials, the first formal gathering between the two sides since Trump and Chinese President Xi Jinping agreed to a 90-day tariff truce in December, following a widely-anticipated dinner at the Group of 20 meeting in Buenos Aires.

Samsung Galaxy A50 to come with Massive Battery and 24 MP Camera
IceUniverse has also shared a of the protective films for the Galaxy S10 +, and also an of the Galaxy S10+ in working condition. The release of the smartphone is expected in March, and their announcement is scheduled for 20 February of the new year.


Technology companies, banks, health care and industrial companies all made strong gains. Most of the companies in those industries stand to do better in times of faster economic growth. Microsoft rose 3.1 per cent to $100.41 and Deere gained 3.4 per cent to $148.96.

Also adding to investor concerns was a report that showed manufacturing activity in US factories was slowing to its lowest level in two years.

After the market's big drop in early December, stocks have whipsawed between huge gains and losses. Katie Nixon, chief investment officer for Northern Trust Wealth Management, said investors will keep reacting to the economy's health and to concerns about high levels of corporate debt as interest rates rise.

"We will be patient as we watch to see how the economy evolves", Powell said.

Bond prices fell sharply.

The reckoning came in a letter from Apple CEO Tim Cook to the company's shareholders released after the stock market closed Wednesday. That helps banks, as higher interest rates allow them to make bigger profits on mortgages and other loans.

In Asia, Hong Kong's Hang Seng jumped 2.2%.

Beijing has tried in vain to recruit France, Germany, South Korea and other governments as allies against Trump.

That same quarter, Apple would stop disclosing iPhone unit sales.

US benchmark crude oil rose 1.8% to $47.96 a barrel in NY. Brent crude, used to price global oils, was up 3.1 per cent to $57.66 per barrel in London.

The Stoxx Europe 600 climbed 0.9% in opening trading, buoyed by its natural resources and energy sectors, up 2% and 1.7%, respectively. The February natural gas contract was up 9.9 cents at US$3.04 per mmBTU. Retailers and internet companies rose as well, with Amazon up 2.4 per cent at $1,536 and Google's parent company, Alphabet, rising 2.3 per cent to $1,048.

The dollar strengthened. It rose to 108.27 yen from 107.77 yen. The euro fell to $1.1352 from $1.1391.

Related News:



Most liked

Trump Threatens to Bypass Congress & Declare Nat'l Emergency to Get Wall Built
Leading Democrats revealed the way to impeachment of President Donald Trump during television appearances on Sunday. Democrats said the White House did not budge on the president's demand for the wall money.

Manny Machado and Bryce Harper: Who'll blink first?
The Nationals reportedly pulled their 10-year, $300 million contract offer to re-sign the star outfielder back in November. The White Sox made "a serious offer, likely closer to $200 million than $300 million", according to Nightengale.

Warren's trip to Iowa tests themes for a likely 2020 run
In that light, her latest spectacle may play right into an unpleasant stereotype-or it could be a cry for help. Elizabeth Warren (D-Mass.) announced on Thursday that she is shutting down her joint fundraising PAC.

New Horizons reveals Kuiper Belt object is a contact binary
More data on Ultima Thule is streaming back to NASA at this very moment, so expect additional announcements in the coming days. It has a rotation period of about 15 hours. " New Horizons has set a new bar for state-of-the-art spacecraft navigation".

Olivia Newton-John 'in good health' amid rumours she's close to death
Battler: In May 2017, Olivia was diagnosed with breast cancer for a third time , more than 20 years after her first diagnosis. In 2013, doctors discovered a malignant tumor in her shoulder, which forced her to postpone North American tour.

Why Shannon Sharpe Believes Steelers Should Look To Move Antonio Brown
On Wednesday, Jets safety Jamal Adams sent a tweet letting Brown know he will be appreciated if he makes his way to NY . Pittsburgh Post-Gazette Steelers Writer, Ed Bouchette tells Larry and John about Antonio Brown's outburst last week.

The next season of Stranger Things comes out on July 4, 2019
Just after the ball drops and the fireworks go off, the tagline "one summer can change everything" appears. The series is created by brothers Matt Duffer and Ross Duffer, with Shawn Levy as executive producer.

Protests Turn Violent After Women Defy Temple Ban in India
The controversy over Sabarimala is not the first time the entry of women in religious spaces has sparked debate in India. Images show Kanaka Durga and Bindu Ammini hurrying inside with their heads bowed and wearing black tunics.

KY police department mourns loss of Krispy Kreme doughnut truck
Doughnut distress that struck the Lexington Police Department earlier this week will be remedied by Krispy Kreme. Thankfully, no one was injured and - more importantly - the truck was not carrying any sweet treats at the time.

Nadal to skip 3rd-place match at Mubadala
Rafael Nadal's 14th Australian Open campaign is underway after the Spanish tennis superstar took a flight into Brisbane on Sunday night.

Sandra Bullock's New Netflix Movie Inspires People To Take 'Bird Box' Challenge
Also, Netflix has no independent verifier for checking the numbers, all of which are verified by none other than Netflix itself. Bird Box memes took off shortly after the film arrived on Netflix which likely contributed to its early success.

Arrest of a Canadian teacher in China linked to administrative error
Meng is sought by the U.S. for allegedly lying to banks as part of an effort to evade sanctions on Iran. Both China and Canada have insisted McIver's case was different from Kovrig's and Spavor's.

Seven People Arrested For Helping Suspected Newman Cop Killer Escape Police
Ronil Singh of the tiny Newman Police Department on Wednesday after being stopped on suspicion of drunken driving. Newman Police Chief Randy Richardson said Singh was the department's first officer to die in the line of duty.

Hopman Cup: Roger Federer Relishing 'Once-In-A-Lifetime' Serena Williams Clash
Federer said he had plenty of experience playing against women, going back to his days as a teenage tour hopeful in Switzerland. The Hopman Cup comprises two singles and a mixed doubles match between nations in a round-robin format with two groups of four.

UAE reopens embassy in Syrian capital closed in 2011
It noted that both Syria and Egypt aim to reactivate the Syrian-Egyptian relations first and the Arab relations in general. The border crossing between Syria and Jordan, another USA -ally that backed the rebels, was reopened in October.