Listen: Apple, Jason Brooks And China discussed on KCBS Radio Afternoon News
"Math moving onto the case of money. Moneywatch Jason other Bhagwan Wall Street was hammered again on investor uncertainty over the trade war with China and the Federal Reserve's next move regarding rate hikes, the Dow plunged five hundred fifty eight points to twenty four thousand three hundred eighty nine the NASDAQ fell two hundred nineteen points to sixty nine sixty nine and the s&p gave up sixty two points to twenty six thirty three apple continues to be a big drag on the tech sector, a Morgan Stanley research. No trimmed the company stock price target by seventeen dollars to two hundred thirty six dollars. The client note blames the move on iphone weakness in China with consumers taking longer to upgrade to newer models following a similar trend in the US on top of that. A UBS quiet note is also cutting apples price target saying that it's survey found that iphone. No purchase intention is down across the board falling to a five year low. Apple stock has been pressured heavily over the past two months on a string of poor earnings reports from key iphone suppliers. Apple shares dropped three and a half percent today on the MoneyWatch Jason Brooks KCBS. What if every time you went out you could cash in now with the Capital One saver card earned four percent cashback on dining and entertainment like celebrating."