Wednesday, January 29

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.4 • 1.3K Ratings

🗓️ 29 January 2020

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Apple recorded new records for both revenue and income for the holiday sales period, Starbucks has closed more than half of its 4,300 outlets in China over the coronavirus, Senate Republican leaders put pressure on colleagues to block witnesses in Donald Trump’s impeachment trial, and Mr Trump unveiled his long-delayed Middle East peace plan. Plus, Goldman Sachs chief executive David Solomon is taking a gamble on consumer banking. The FT’s Laura Noonan reports on the bank’s overhaul, and what has led to its first-ever investor day.

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Transcript

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0:00.0	Good morning from the Newsroom of the Financial Times.
0:02.6	Today is Wednesday, January 29th,
0:05.2	and this is your FT news briefing.
0:08.4	Apple sets new records for both revenue and income
0:11.3	in its last quarter.
0:13.0	Starbucks closes stores in China due to the coronavirus.
0:17.0	Republicans scramble to make sure witnesses are blocked in Donald Trump's impeachment trial
0:21.0	while at the White House Mr. Trump releases his Middle East peace plan.
0:24.9	I'm Mark Filipino and here's the news you need to start your day.
0:32.4	Apple had itself a very happy holiday season. On Tuesday the Tech Group
0:37.0	reported one of the biggest quarterly profits for any company. For the three
0:41.4	month stretch that ended on December 28th, net profits came in at $22.2 billion.
0:47.0	That was on revenues of nearly $92 billion.
0:50.0	Apple seemed to be operating on all cylinders. It recorded higher revenues from the
0:55.2	iPhone, AirPods, and watches, and its services division. This is a very different
1:00.3	story from last summer when iPhone sales plummeted.
1:04.0	Apple's stock price has more than doubled in the last year, giving the company a 1.4 trillion
1:09.2	market capitalization.
1:11.2	Shares in Apple were up almost 2% in after hours trading.
1:15.0	Now Apple is projecting anywhere between 63 billion and 67 billion dollars in revenue for the current quarter.
1:21.0	That wide range is owed to some possible hits to its supply
1:24.4	chain from the coronavirus.
	...

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