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Bloomberg Technology

Trump Wants iPhone Production Moved from India to the US, EToro CEO Discusses IPO

Bloomberg Technology

Bloomberg

Tech News, Business News, Business, News

4.549 Ratings

🗓️ 15 May 2025

⏱️ 44 minutes

🧾️ Download transcript

Summary

Bloomberg’s Caroline Hyde and Ed Ludlow discuss President Trump’s call for Apple to stop moving iPhone production to India and instead shift it to the US. Plus, eToro CEO Yoni Assia talks about the company’s market debut. And CoreWeave CEO Michael Intrator discusses the expanded partnership with OpenAI and the company’s first earnings report since going public.

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

You're listening to an IHeart podcast.

0:05.0

How did the internet go from this?

0:07.8

You could actually find what you were looking for right away,

0:10.7

bind to this.

0:12.4

I feel like him in hell.

0:14.1

Spoiler alert, it was not an accident.

0:17.8

I'm Corey Doctoro, host of Who Broke the Internet from CBC's Understood. In this four-part

0:24.2

series, I'm going to tell you why the Internet sucks now, whose fault it is, and my plan to

0:30.2

fix it. Find Who Broke the Internet on whatever terrible app you get your podcasts.

0:35.6

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

0:43.1

this is Bloomberg Technology.

1:05.0

Coming up, President Trump asks Apple CEO to move iPhone production from India to the US market.

1:11.6

Plus, the Corweave CEO joins on the back of the company's first earnings as a public company.

1:16.6

And the CEOV Toro joins us after its upsized US share sale as the IPO market opens back up.

1:23.6

But first, we check in on this market, which maybe it's just got a little bit over-exuberant and diles back on the day.

1:29.7

We hit overbought, technical, overbought territory on the relative strength index when you're looking at the NASDAQ 100 yesterday.

1:35.8

Today we pair back, but only by 3 tenths of percent. Ed, we on track for 5 percent gains so far this week.

1:42.1

And it seems as though big tech just comes off for some of those highs as the macro data paints,

1:46.0

maybe a slightly cooler inflation environment than we were thinking.

1:49.0

We see the same behavior in Apple, which is our top story. Muted declines, pairing some of its more significant declines earlier.

1:57.0

Honai's US listed shares, that's the publicly traded arm of Foxcon, the company

2:01.7

assembling the iPhone, softer in part an earning story, but in part the President of United

...

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