Good wednesday morning welcome to squawk alley. Im john for the with caro quintanilla and Julia Borstin well start with apple, a cost cut for Small Developers josh lipton breaks down the news for us. Here is how the new program is going to work its called the App Store Small Business Program it launches on january 1st and it does represent a big change here. Developers earning up to 1 million during the Previous Year will now be eligible for a commission of 15 on paid apps and inapp purchases, and that is half of apples Standard Commission apple says the new program will impact what it says is the vast majority of developers selling Digital Goods and services on the store. Tim cook saying in a statement the app store has been an engine of Economic Growth like none other, creating millions of new jobs and a pathway to entrepreneurship accessible to anyone with a great idea for investors this change is also important remember, the app store is critical for apple it accounts for an estima
Morning. I could go on and on, mike santoli, but when i have you on the program with me why would i bother i might as well send it over to you. Set us up for the action today, particularly given what weve seen there was that rotation earlier in the week, but it already feels like theyre coming back to growth. Rotated, with he unrotated, we will we will rerotate i do think its indicative of this market that has generally speaking hesitated right underneath the all time highs. We are all looking at that its fascinating as sara and i talked about last night on closing bell we would otherwise be saying, oh, its a quiet post earnings august period, markets in a nice uptrend, s p is up 3 month to date, its supposed to be a negative week, everything looks fine, markets maybe just pausing because its had a 50 run in 100 trading days, but because we are on the verge of that number it seems to gain outside significance in terms of people trying to figure out whether thats kind of an end point fo
Moment monetary moment and what could be in store for Precious Metals plus. New artificial artificial things to profits up for a while but. Before. We returned to singapore for more perspective on u. S. Interest rates from our crude own christiane i spoke to international and us or german rogers to get his take on our topsy turvy global Interest Rates and mary oh and why i for christie fans should be back up or for sure on thursday weve got all this news involving the shows all this and news involving the shows official favorite d musical guest on deck lets go. Transcend leduc tax fight leads our global report today as apple files for an appeal of a 14000000000. 00 bill for back taxes from the European Union on monday the u. S. Based tech giant pled for the 26000 judgment by the European Commission that apple effectively benefits. From illegal state aid from the government of ireland by means of to a markable rule Court Rulings that have granted apple a drastically reduced tax burden o
This is boom bust broadcasting around the world and covering all aspects of our 21st Century Global economy and being brainwashed into christiania is on assignment heres a look at what we have in store for you today the Federal Reserve edging back into the spotlight as the u. S. Central bank is expected to cut Interest Rates again as president has loudly demanded leadership of Euro Pacific Capital is with us to give us his take on this moment monetary moment and what could be in store for Precious Metals plus. Things that do artificial artificial things to profit is up for a while but. We will. We return to singapore for more perspective on u. S. Interest rates. From our own chris. Rogers to get his take on our topsy turvy global Interest Rates are there you know why i put the band. On thursday we got all the news involving the shows all this news involving the shows official favorite musical guest on deck lets go. Trance in atlantic tax fight leads our global report today as apple fil
A 14000000000. 00 bill for back taxes from the European Union on monday the u. S. Based tech giant pled for the 20 6000. 00 judgment by the European Commission that apple effectively benefited from illegal state aid from the government of ireland by means of 2 markable rule Court Rulings that have granted apple a drastically reduced tax burden over 20 years the creation of tax havens has been an ira strategy for luring foreign firms to officially set up business in ireland and park at least some of their assets there apple flatly rejected the order to square up on their tax bill saying it defies reality and common sense and petitioning for an appeal to be heard in the e. U. 2nd highest court the case against apple is perhaps the point of the spear in the e. U. Competition commissioner margaret a vest of years notable effort to apply some basic forms of regulation to some giants of the contemporary Global Economy particularly in tech the results of the apples appeal could determine the