44 min listen
Stocks Pare Gains on Renewed Coronavirus Concerns, Apple’s App Store Battle, “Follow the Yellow Brick Road”
FromThe Exchange
Stocks Pare Gains on Renewed Coronavirus Concerns, Apple’s App Store Battle, “Follow the Yellow Brick Road”
FromThe Exchange
ratings:
Length:
47 minutes
Released:
Jun 19, 2020
Format:
Podcast episode
Description
News that Apple is reclosing some of its stores amid a surge in coronavirus cases caused stocks to pare early gains and head into the red, we discuss whether this is the news bearish investors were awaiting.And it’s not just store closing Apple is dealing with, we take a look at what an ongoing fight with a prominent developer—and increasing attention from regulators both here and overseas—could mean for the company.Plus, Morgan Stanley’s Chief US Equity Strategist on why he’s upping his price target on the S&P 500 despite the uptick in COVID cases and why investors should “follow the yellow brick road.”
Released:
Jun 19, 2020
Format:
Podcast episode
More Episodes from The Exchange
Rate debate, un-welcoming party?, and Credit Suisse bets on bubbles: We’re just an hour away from getting the minutes from the latest Fed meeting, where the FOMC started to sound hawkish. We’ll debate which way rates go next. Plus, Chinese stocks are selling off again today. Did U.S. investors overestimate how committed China was to capitalism? We’ll explore how ‘welcoming’ (or not) it’s becoming to outside investors. And, in today’s Rapid Fire: more people are paying with crypto, some people are working less but getting paid the same, and Credit Suisse is betting more people will begin drinking hard seltzer. by The Exchange