Hour. President trump in texas at this hour, looking at that apple facility. Impeachment hearings up on capitol hill. The president out of town, taking a tour of a apple manufacturing plant in austin, texas, with tim cook. Now back in washington, one of the more highly anticipated witnesses testifying before lawmakers just wrapped up. We have all breaking headlines from the Lone Star State to the nations capitol. The Vice President taking a road trip through the swing state economy, visiting first of states with after the bell there a few weeks ago. Democratic hopefuls taking the stage for a debate in atlanta. More on the race for the white house. You might want to be careful what you say on the next uber ride. Melissa uhoh. Connell a new safety move sparking a fair bit of controversy. Melissa i have to hear about that. Percent fox Business Team coverage. Jackie deangelis on the floor of the new york stock exchange. Susan li is with the president in texas. Edward lawrence is in washing
To undermine hong kong protests. What the company say theyre doing about it. And peering into palantir. Our exclusive conversation with the ceo of text most secretive and exquisite companies. Alex karp tells us why protesters wont stop them from doing business with the Trump Administration. But first, u. S. Announced this week it would extend a limited set of exemptions that protected Rural Networks and other customers from a ban on doing business with chinas huawei. This comes as the trade war wages and with u. S. Tech feeling the heat in anticipation of tariffs. One tech ceo is taking his concerns about possible tax straight to the top, apples tim cook. A move that is apparently impair impressed President Trump. I have with everybody, but he is when you called me. That is why he is a great executive, because he called me and others do not. Others go out and higher extensive consultants. And Tim Cook Donald trump directly. Pretty good. And i would take the call to. But yeley when he c
We are seeing a little bit of a lift. 0. 8 . G some a lot of that has to do with a little bit of optimism when it comes to trade news. We know the conversations are ongoing. I am looking at the u. S. 10year yield. 1. 6 after a big week. Lower negative rates in europe. We will have a look at 10year yields. We will ask ourselves what the inversion meant. Oil, 55. 52. Oil rising after we had this drone attack at Oil Gas Facilities once again underscoring some of the fragility of that region. Coming up, we have an interview with the boston fed president. Dont miss that chat after 6 30 p. M. London time today. This goes back to the conversation as jackson hole starts on thursday. Lets get to the first word news with viviana hurtado. Viviana the iranian tanker looks to be heading for greece. That is according to a vessel tracking data compiled by bloomberg. It was released by the british territory after being detained on suspicion on sending oil to syria. Rain for an 11th straight weekend. 1
Base so as you can see here its a bit of a split moving away all these operations out of china into different parts of the world but again you know these guys make i pads they make i phones they assemble these things so apple is very reliant on them now looking at the Current Situation and with these demands that apple has from them. Saying well move to one of these other countries they have operations all around the world to japan vietnam. The Czech Republic brazil and mexico but here is the issue at hand apple might be a huge 2 clients of foxconn but so is china so were looking at this 1st of all 50 percent of fox conns revenue is related to apple so massive and analysts say only about 25 percent of their manufacturing facilities are outside of china so how they expect to meet these goals. Quite clear on that but if the company says it could do so while it might be able to do so but theres another angle. Here which is political the guy whos the chairman of this company terry go he is
Global report today as the European Competition commission blocks the merger of the steel making units of indias tata steel and germanys these same crop the 2 companies had previously fact off the proposal after the e. U. Competition commission signaled that both companies would have to divest certain assets to address the regulators antitrust concerns Competition Commission our market has now effectively terminated the deal that would have created the 2nd biggest steel manufacturer in europe mr best d. J. Decisively denies the deal after many stakeholders told the commission that the 2 companies counterproposals on antitrust issues would not address their concerns the final denial may fuel calls for reform to the rules the commission runs by as the Steel Industry observers say that some consolidation is needed to stabilize an industry unsettled by events including the us tariffs on imported metals from the e. U. China japan and russia. Number. Technology firms are preparing for the lo