On Sunday morning, US Time, the Chinese released their latest balance of trade numbers. It was a total shock. Analysts had expected a trade surplus of nearly $25 billion dollars. Down slightly from China's usual surplus, but still solidly in the black for the Chinese Trade Machine. Instead we got a trade deficit of $7 Billion dollars. Way out of the expectation of any on Wall Street.Read more
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
You can listen to episodes right here on the website, or if you prefer, in a podcast app. Listening in an app makes it easier to keep track of what you’ve already heard, listen without using your data plan and many other conveniences.