Late Monday evening, Apple posted an update on their Investor Relations Page. It was the President's Day Holiday, and obviously Apple was anxious to down-play this news. The news was that Apple would have to reduce their Quarterly Guidance. Two factors were reducing Apple sales: the first was slow down in Apple iPhone production due to the Covid-19 Virus affecting China. And the second, related news was that Apple Stores throughout China were closed also due to the pandemic.Read more
For those of you who follow this podcast, you know that our primary interest are the financial markets. But sometimes outside events can be so strong, that they affect the world's stock markets. I think this is one of those events. So, today a look at this new Coronavirus. Known to scientist as: 2019 n-CoV, the “Novel” Coronavirus.Read more
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