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Bloomberg Technology

Apple's Tough Start in China and TikTok's Bill

Bloomberg Technology

Bloomberg

Tech News, Business News, Business, News

4.549 Ratings

🗓️ 23 April 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Ed Ludlow break down why Apple is facing its worst start to the year in China since the Covid pandemic. Plus, a look at the TikTok bill heading to the Senate and an overview of Tesla's upcoming earnings.

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Transcript

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0:00.0

Join Stacey Abrams, Leib Shriver, Gina McCarthy, and more of the planet's environmental

0:06.2

leaders and problem solvers for the Bloomberg Green Festival in Seattle, July 10th to the 13th.

0:12.8

Title sponsor Amazon, Official Airline, Alaska Airlines.

0:17.6

Supporting sponsor, Providence.

0:19.9

Contributing sponsor, Wareyerhauser.

0:22.6

Get 40% off using promo code Radio 40

0:26.0

at Bloomberg Live.com slash Green Festival.

0:31.6

From the heart of where innovation, money and power collide in Silicon Valley and beyond,

0:37.0

this is Bloomberg Technology with Caroline Hyde and Edla Loa. Lo. I'm Caroline Hyde at Bloomberg's world headquarters in New York.

0:57.0

And I'm Ed Ludlow in San Francisco.

1:00.0

This is Bloomberg Technology.

1:01.0

Coming up, Apple faces its worst start to the year in China. That's since the

1:05.8

COVID pandemic. As new reports show sales fell by 19% in the first quarter.

1:10.0

Plus the Senate is set to consider the $95 billion aid package that could lead to a nationwide

1:16.3

ban on Tik-Tok if not divested. We'll go on the ground to Washington.

1:20.0

And we push ahead to Tesla earnings after the bell as investors braced for Musk to

1:24.3

knix the rollout of a cheaper model and refocus on developing a robo-tax shares already

1:29.2

suffering their longest route since 2022. We'll discuss that and so much more throughout this hour but

1:34.6

even as we sit with much anticipation of the earnings to come we managed to see

1:39.3

some risk appetite in the market today. Maybe the bad news is good news from a macro perspective today.

1:44.8

Maybe some of that business activity actually cooling off more than the market anticipated

1:48.8

means, well, we decide to go into equities as we think the Federal Reserve maybe has more space to be

...

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