Wednesday, May 1

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.4 • 1.3K Ratings

🗓️ 1 May 2019

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Apple forecasts an improvement in depressed iPhone sales, Donald Trump drops a central demand from trade negotiations with China in order to end a long-running tariff dispute and Crown Prince Naruhito becomes Japan’s first modern monarch. Plus, the FT’s Gideon Long explains what Juan Guaidó’s call for an uprising in Venezuela means for the country and Nicolás Maduro.

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Transcript

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0:00.0	The UK's energy partner.
0:06.0	Learn more at equinore.
0:10.0	Good morning from the newsroom of the Financial Times.
0:13.0	Today is Wednesday, May 1st, and this is your FT news briefing.
0:18.0	Apple predicts a quicker than expected rebound in revenues after a six month slide.
0:23.7	U.S. President Donald Trump drops a key demand
0:26.5	from his trade negotiations with China
0:28.4	in order to get closer to a deal.
0:30.8	And Japan's 126th emperor ascends to the Chrysanthemum throne.
0:36.0	Plus the F.T.'s Gideon Long explains the power struggle that triggered chaos yesterday in Venezuela
0:42.0	and what it means for the country's future. I'm
0:45.1	Mark Filipino and here's the news you need to start your day. Apple shares jumped by as much as 5% in after hours trading yesterday.
0:57.0	This was after the iPhone maker said it expected a quicker rebound to its six month revenue slide.
1:02.0	The company said it's slump in iPhone sales rebound to its six-month revenue slide.
1:02.8	The company said its slump in iPhone sales recovered a bit toward the end of its fiscal
1:06.7	second quarter, but the decline still left iPhones accounting for less than 54 percent of Apple's
1:12.3	overall revenue.
1:14.0	It was down from 62% the year before.
1:17.2	For the current quarter, Apple says it expects revenues
1:20.0	to reach as high as 54.
1:21.7	And a half billion, which was above most analysts' estimates.
1:25.8	The company said the guidance reflected growing confidence and prospects for the iPhone.
	...

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