Challenging the news industry. We will hear from a top lawmaker who does not think big is necessarily bad. But first, to our top story. Apple has a backup plan if the u. S. China trade war continues to escalate. Hon hai, the companys manufacturing partner, says it is able to make all iphones bound for the u. S. Outside of china if necessary. Hon hai now makes most of apples smartphones at its chinese factory. Our bloomberg tech editor joined vonnie quinn with the details. Alistair this is an executive who was talking to investors and other people in taiwan, and our reporter in asia, debbie wu, was there to listen. This is more of a plan. They did not say apple asked foxconn to do this yet, but he was saying they are very capable of doing it. It has raised a lot of questions. We spoke to an analyst over here who looks at the smartphone industry, and he was saying that if youre talking about actual final assembly, which is what foxconn does, putting together all the components in an ipho
Kicks off the discussion on how facebook and google are challenging the news industry. We will hear from a top lawmaker who does not think big is necessarily bad. But first, to our top story. Apple has a backup plan if the u. S. China trade war continues to escalate. The companys manufacturing partner says it is able to make all iphones bound for the u. S. Outside of china if necessary. Hon hai now makes most of apples smartphones at its chinese factory. Our bloomberg tech editor Alistair Barr joined vonnie quinn with the details. Alistair this is an executive who was talking to investors and other people in taiwan, and our reporter in asia, debbie wu, was there to listen. And this is more of a plan. The executive did not say apple asked foxconn to do this yet, but he was saying they are very capable of doing it. It has raised a lot of questions. We spoke to an analyst over here who looks at the smartphone industry, and he was saying that if youre talking about actual final assembly, w
Challenging the industry. We hear from a top lawmaker who does not think big is necessarily bad. First, to our top story. Apple has a backup plan if the trade war continues to escalate. They are manufacturing partner says they can make all iphones bound for the u. S. Outside of china if necessary. They make most of apple smartphones at its chinese factory. Our text editor joined us with the details. An executive who was talking to investors and other people in taiwan. Our reporter in asia was there to listen. This is more of a plan. They did not ask foxconn to do this yet, but they are saying they are very capable of doing it. It has raised a lot of questions. Analyst and he was saying that if you are ,alking about final assembly which is what foxconn does, if you are looking at that, it might be relatively easy to move your move. If you are talking about the whole manufacturing process, that would be a lot harder. Vonnie we know that politically china and taiwan are at odds. Is there
Problems. Later on in the show, one day after scrapping the ev ambitions, apple now is getting set to disclose the plans for Artificial Intelligence. Well have to wait to see. Its thursday, february 29th, 2024. Youre watching Worldwide Exchange right here on cnbc. Good morning and welcome to Worldwide Exchange. Im frank holland. Lets get you ready for the trading day ahead. The last day of february. The check of the u. S. Stock futures after a lower session for stocks yesterday. You see futures are in the red across the board. We are keeping a close eye on the dow. It would open 125 points lower. Well continue to watch that throughout the morning. Despite the weakness, the major indices are on pace for the fourth positive nomonth in a ro looking back to november 1st. 17 and 24 during that period. Nasdaq leading up over 24 . We are tracking the broad market leadership with stocks lower for the week, but 66 s p names trading at 52week highs. We are talking home depot and costco andping t
Of crypto and we speak to the ceo of the scanning cryptocurrency project world coin. Nasdaq 100, very tech heavy index, add session lows, down more than 2 . We had hot labor market data, the treasure issuing debt, that is weighing on things and earnings story at the center, you think about semiconductors in particular, the stoxx or philadelphia index underperforming, down 4 , double the decline of index, the biggest drag amd. We will get to that in the second. U. S. 10 year yield above 4 and bitcoin moving back above 29 thousand u. S. Dollars, the token we will focus on crypto halfway through the show with sonali basak. The earning story, two names in particular, to start with amd, it beat on the top expectations in the quarter gone, sides of recovery in the pc market, a longterm projection about the Market Opportunity for them in the context of ai and Ai Accelerators. I will be joined later in the show to go through the numbers and talk where amc sits in the ecosystem. Then pinterest,