2 Burst results for "Bloomberg Sahil Kapur"
"bloomberg sahil kapur" Discussed on Bloomberg Radio New York
"Sham contrary to what. The prime minister has just said there was no flexibility. There were no negotiations. Nothing has changed. Saying that a no deal. Brexit should be avoided, by the way, the prime minister does say that an extension could be in the works. And she would think about that. The US has asked North Korea to freeze nuclear production during the tentative talks chosen report reportedly coming out of the meetings. We told you yesterday we're going on in Sweden running for history. California's Senator Kamala Harris has announced she is running for president a woman of African American and Indian descent while we're talking about fighting for the values that we hold sacred deer. When it comes to talking about how we fight for the American people and have leadership in this country that is focused on the needs of the people instead of self interest. I'm prepared to fight that way, Bloomberg Sahil Kapur says the issues. Here is that African American voters are a huge presence in the Democratic Party. They were instrumental and picking Hillary Clinton I've been nominee in two thousand sixteen at Barack Obama is the nominee in two thousand eight Harris former district attorney in San Francisco, attorney general the state of California, and now US Senator in San Francisco, I'm Ed Baxter. This is Bloomberg. Doug, sir. All right. Our guest for the half hours Brock silvers. He is managing director you on capitol. Joining us from our studios in Hong Kong. It's always a pleasure Brock. We had that GDP number for the fourth quarter in China disappointing as it was. I mean, it was largely I think discounted by the market already. And then we have president. She stressing this need to maintain political stability ostensibly because of the the social obliga- implications of a weaker economy. I mean, what do we make this? Well, I I really think it's all about the economy and Beijing is just I think telegraphing that it gets the seriousness of the economic situation and. And look this sort of a downturn is the first time it's happened in in generations here. So they're understandably nervous about how that's going to play out. Yeah. In terms of the numbers themselves is there was kind of interesting, isn't it with China? The the numbers are often from what they say. The numbers are going to be. And I found it fascinating that the 2017 number got revised down just before the twenty eight hundred numbers got released that was the optics stunt. You know, there were there were worse revisions than that. There was there were data revisions dating back more than a decade that were announced recently. Now, I don't know what new information we get now that makes us revisit decade old data, but looking in general, I just don't think the current numbers are all that reliable. The data came in very close to expectation and some metrics were better than expected, but Chinese data never comes in far from expectation and never below it. So either we're dealing with the greatest economy metric forecasters known in the history of mankind or somehow the the numbers are being gained a bit. Well, and if they are being gamed perhaps. Given the con- comments from president. She maybe things are a lot worse than than the market believes. We don't know for sure my personal guess is that growth is lower than stated and that Xi Jinping. Probably sees the real picture, and is is rightly nervous about it. So if growth is low than stated, can we maybe expected stimulus at greater than has been stated. Yes. And I think if in throughout the remainder of this year, if if the economy doesn't turn around we're likely to see we're likely to see them throw all types of stimulus the problem, everything, including the kitchen sink. I think is on the table here. Whether or not that would be useful. We we can debate that. But the question is whether or not the US China trade war is is perhaps a more significant drag than we believe, I mean, even before the trade war started. We knew that the Chinese were de leveraging the economy from excessive credit levels, and we were given.
"bloomberg sahil kapur" Discussed on Bloomberg Radio New York
"On these eggs departments and the workers for either not working or not getting paid as hostages Jabba temper tantrum pound the table and say, it's all our way. But we've heard all these people. So what the heck was this meeting? Bloomberg Sahil Kapur didn't expect it to be dialogue. They didn't expect it to conversation or negotiation. So from the White House's perspective. This was a, you know, an attempt to appear engaged in this conversation into to not look asleep at the wheel. So tomorrow house speaker in waiting Nancy Pelosi says she'll introduce legislation that will fund the government, including a Bill approved by Republican Mitch McConnell in the Senate McConnell now says the Senate won't even vote on anything that the president says he won't sign. So we all know how to spell impasse me. Well, Mr. Trump says he's ready for to meet again with Kim Jong UN he says, he's. Just received a letter from him and that chemists pledge not to make or test nuclear weapons or give them to others in Kim's address to his people. He said the US had to loosen sanctions or he'd find another path to protect the sovereignty Taiwan's, president Syon loan has rejected. China's president Xi Jinping's call for unification and for talks to get there altogether. Also, I saying that China has to squarely face the factual existence. The Republic of China Taiwan instead of denying the democratic system that Taiwanese people have built together. And Bloomberg's Tom MacKenzie says president tie can point to Hong Kong, she and her Ponzi could of course point to the erosions of freedoms in Hong Kong as an example of why not system may not work for the Taiwanese people. Global news twenty four hours a day on Aaron a talk on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries in San Francisco, I'm Ed Baxter. This is Bloomberg. All right. Let's take a closer look at the story on apple Bob O'Donnell is with us. He is the president and chief analyst at technologists research pleasure to have you on the program for those who kind of follow this company closely. There was anecdotal evidence that we were walking into a season of week iphone demand. Was this surprising to you when they guided lower on first-quarter results. Absolutely. I mean, you know, apple hasn't done a vision. Dour for white apparently almost fifteen years. So this is a very unusual step, particularly because earlier just a few months back. They expected this quarter to be one of their best. So a number of things hit them. Obviously we've seen that those price points that they had for the iphone sippy are too high for most consumers, and that really hit home and people just weren't willing to upgrade. And we've also seen the overall extension of sparked for lifetimes because people think they're spark phones are good enough. Then finally, most importantly, the impact of the trade war. I think isn't so much on the tariffs in China. But the fact that there's really more nationalism. Now, apple, of course, being seen as major US company and Chinese citizens starting to rebel a bit and going more towards away and people and uphold these other major Chinese domestic so very interesting combination of factors here that led to this restatement, so Bob this is Stephen Engle is this a new norm for apple. Or will a new killer product solve all ills. Even you know, look of apple is always managed to pull tricks out of his hat. But I think it's gonna take some time before the next rabbit pops out to be honest with you they are expected to launch a video service this year. But you know, look they face competition from net flicks. Dizzy is going to do something as well. So that's going to be tough. And you know, they talked a lot about doing a are Dion and people expect them to do some sort of glasses or headset. But probably twenty twenty other challenge has even in the smartphone market where I phones are struggling a bit. Apple is also not going to have a five G capable phone this year. Now, admittedly, not everybody wants one but apple seen as being cutting edge. Traditionally, and they're going to be very late to the game on that technology as well as foldable screen, so all in all things are looking a little tough. Not to be honest. You surprising for those of us who watch apple for a long time. Everybody knew this point was going to happen was just a question of when and how so what what are they forced with now to cut prices as a way of maintaining growth. I do think they're going to have to cut prices. We saw a little bit of that over the holidays. They started to offer some discounts. I think you'll see the continue for them to continue to do that. I think we'll we may see revision in the frequency of iphone updates. It's hard to say for sure exactly what they're gonna do. There. Obviously have been building the services business for several years now. And I think they're going to continue to do that as I said with video service with other things maybe this is the year as well. Let's not throughout this possible. Responsibility that they finally make some kind of major purchase like a Netflix or a Disneyland tesla or some crazy big purchase that have all been rumored in the past. Maybe this change forces their hand and makes them consider something that they didn't really want to do before. Bob. Thank you for joining us and giving us your inside. Bob McDonald, Donald there. I'm sorry. Bob is president chief financial analysts to add to the tech analysis. Research firm talking a little bit about.