the world s largest contract electronics manufacturer, foxconn, made $33 billion us dollars in profiter of the year — above market expectations. the company expects sales to pick up in the second half of 2023 — most likely as apple launches the iphone 15 in september. foxconn famously assembles the iphone but also makes smart speakers for amazon and tech for the likes of dell, google and hewlett packard. don't forget you can get in touch with me and some of the team on twitter, i'm @lukwesaburak. hello from the bbc sport centre. not long to go until the women's world cup semi—finals get under way. spain face sweden in auckland on tuesday with the winner playing either england or australia in sunday's final in sydney, that's where our sports editor dan roan is infor us. he believes this women's world cup has surpassed all expectations. a huge sense of excitement and anticipation building here in australia at this ground—breaking women's world cup. it's already breaking all kinds of records, more tickets have been sold here than for any other world cup before it. there's been huge merch

would only take 10 seconds the founder of foxconn said what happened if the u.s. and taiwan.ebecca grant on what is happening with our economy and foreign policy. sometimes you feel like a nut, sometimes you don't. maybe that explains janet yellen blase attitude towards the fitch doesn't grade. we'll explain after this. ♪. we never just see the numbers, we see the people. my dad started trek in a red barn in waterloo, wisconsin. and now it spans the globe. you wanna take what was given to you and you wanna build it. and you wanna pass it along. if i can do that, i would have done well. that's why we're here... to help make it happen. this isn't just freight. these aren't just shipments. they're promises. promises of all shapes and sizes. each, with a time and a place they've been promised to be. a promise is everything to old dominion, because it means everything to you. your best defense against erosion and cavities is strong enamel- nothing beats it. new pronamel active shield actively shields the enamel to defend against erosion and cavities. i think that this product is a

another one from apple, there slightly higher today, their supplier, foxconn, they reported this morningimportant they assemble 70% of iphones, they did okay, profits fell 1% better than expected, consumer demand, china's recovery not really happening there diversifying into ev's, to produce electric vehicle batteries were not showing foxconn but apple stock is down roughly 10% in the last three weeks. that is astonishing for a company that size. amc their way down. is this a meme stock. >> it's been called and mean stock but the shares are surging as much as anc is declining. a judge has improved the apes ape shares into common stock they are way up, the raising money bottom-line vacancy should be off the table for amc even though the stock is down. >> i would love to know what portion of our viewers by a mean stock. stu.lauren: there's many mean stocks. >> cavity people by amc on the ground that it might rebound. >> i think a lot. >> if you check a much there mentioned on the platforms, yes. >> who is bearish on urban. lauren: citigroup, they expected turnaround to be slow stock is dow

he set up on high position with its tradename, foxconn. they have iphone city in zhengzhou in china, so they obviously want better business ties. he does not want a worsening relationship across the straight because he wants to keep factories going in china, but again, they are at the mercy of the u.s.-china relationship, export controls, and the like. he will probably be more articulate about that manner going forward. rishaad: can he win? stephen: at this point with nobody having an opinion poll tally of more than 35%, anyone could win right now. a lot can change in taiwan politics, but can two kmt candidates -- can they win with both of them running? they might take votes from each other. rishaad: thank you as always. stephen engle. have much more coming up right here on bloomberg. we have a core playing field on taxes. david: and we have key comments out of the fed, the boj, and the ecb as we wrap up jackson hole and they face diverging inflation scenarios. this is bloomberg. happy monday. ♪ rishaad: for the first time, fed chair jay p

looking at shares of apple this morning, up fractionally foxconn shares down more than 1% >>> ahead onnvestor needs to know today, plus what our next guest says it is time to move past large cap stocks and where he's looking now. >>> if you haven't already, follow our podcast, check us out on apple, spotify, or the podcast apps much more "worldwide exchange" coming up right after this your company is eligible. [whip sound] take the first step to see if your small business qualifies. what if buildings could tell you how they could be more efficient? i'm listening. well, with ibm, you can use software to help you connect and analyze data— from hvacs to elevators to lights. what if we use ai-driven insights to pinpoint inefficiency? yep. and act on it. saving energy, money... ... and emissions. yup. that's a big one. now you've built something better for everyone. that's the sustainability solution ibm and a global real estate company created. what will you create? ibm. let's create. (fan #1) there ya go! that's what i'm talkin' about! what will you create? (josh allen) is this your plan

. >>> and foxconn shares dipping after the technology company beat expectations. it reported a 1% decline in net profit due to slowing demand for consumer electronics foxconn expecting revenue to fall slightly in the third quarter. dom. >> silvana henao with the headlines. thank you. >>> the american consumer is taking center stage this week as several big box retailers, target, home depot, walmart, get set to report the quarterly results. we have july retail sales due out tomorrow we have forecasts calling for a 0.4% increase which would be higher than june's numbers as consumers continue to spend despite inflation numbers. new data from mastercard showing an uptick of spending in july in the summer season. joining me to take a look at the results in the first on cnbc interview is michelle meyer. michelle, thank you for being here i wonder what can you tell us on how how healthy the u.s. consumer is here >> thank you, dom. the study shows what you said at the start. consumer s are spending they are making the decision it is their choice of what they are purchasin

the foxconn founder's bidding for a -- bidding for the presidency. stephen engle joins us now.here you are and why. >> we are on the small island just about six miles across the bay from the major chinese city of xiamen. you can normally see it in the outline of the haze and the fog. it's very close. about 6.2 miles across the bay. it's always been on the symbolic frontlines. you can see the steel bars filled with barnacles. they have been in place for decades to symbolically repel any potential pla invasion from china to this island. that's why these leaders, the president, the kmt front runner will be here today to commemorate the anniversary -- the 65th anniversary of one of the biggest battles between taiwan and china in 65 years -- 65 years ago. they will be here, with a wreath laying ceremony and the like. the election, terry is not a candidate but is acting like a candidate. yesterday i got front and center with the 72 -year-old billionaire founder of foxconn, the biggest supplier to apple, and i asked him directly this question, let's play it. what does the next preside

and in wisconsin alone, where trump once touted thousands of jobs through a foxconn project that never materialized, the president's economic agenda has delivered 10 fold. private companies have invested more than $3 billion here in wisconsin. in clean energy infrastructure. including a billion dollars for the great lakes restoration initiative. we provided more than $1 billion in funding to provide affordable high speed internet created more than more than 135,000 new jobs and delivered over $145 million in home energy cost savings for families. folks, that is bidenomics in action. on one side, we have president biden and vice president harris and democrats who think that america's best days are ahead of her, and focus on the issues that matter most to everyday americans. and on the other side, we have maga republicans who are fixated on dividing us. they want to take away your freedoms, are skeptical of climate change, and are campaigning on ending social security, medicare, and medicaid. the contrast couldn't be clearer. in 2020, the american people made their voices heard when they

foxconn, the principal assembler of apple's iphone. it matches the narrative we got from apple executives a week ago during earnings. caroline: it also reflects we have heard from welcome, from tsmc, this overall narrative that the consumer is slowing our purchases of smartphones and electronics. what about business spend? how willing they are in this global economy? ed: we are tracking a crystal ball of commentary two consecutive quarters of phone slow down, sewn saying the remote is coming in 2024. it is a demo i'll look for a core piece of electronics for consumers and businesses globally. caroline: you get in the pi wrap, it could be affected by muted bone growth, margin pressure due to perhaps even a locked down impact that we still remember in china. i want to stick on the china thing because the narrative of the day, tesla rolling out new rounds of price cuts over there according to his weibel account. it is reigniting fears that they have been pushed to the side. over the last week known alone, they have been ringing back price

yvonne: foxconn founder for taiwan president next year.ion is said to read consider his desk concerned that his candidacy could split the vote. bloomberg spoke to him as he rallied support for his proposals at a time when he's counting closer -- closer to the mainland. >> on a boat trip to the fine -- tiny fortified islands closest to mainland china, he made his for peace across the taiwan strait. for a man who is not officially a candidate for taiwan president, the billionaire founder of foxconn, apple's biggest supplier, sure is sounding and looking like a candidate. quirks we think taiwan has actions important for worldwide economics. taiwan and china could come to an agreement or a consensus, and then, we see both taiwan and china can change not to fight or to get a war. stephen: it's a message that mostly resonates with the roughly 127,000 residents of the taiwan control island that's a little more than six miles from china that has plenty of reminders of the war that was fought here some 65 years ago. >> of course most people don't w

plus foxconn's founder keeps taiwan guessing about his plan for resident -- presidential bid. plenty more to come. this is bloomberg. ♪ 76% of 23andme health customers surveyed reported taking healthier actions. because they know health isn't just a future state. health happens now. start your dna-powered health journey today with personalized insights from 23andme. i neyou trying to iceht. me out of the bed? baby, only on game nights. you know you are retired right? am i? ya! save 50% on the sleep number® limited edition smart bed. plus, 60-month financing on all smart beds. shop now only at sleep number®. when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh shery: romans taxes dialing up the pressure to enforce its and -- policy of employees working from the office five days a week. let's get more details from vonnie quinn. >> it's been three years since the pandemic kick people out of office buildings. still banks are trying to get their employees back. this time it seems to be different, a

the billionaire founder of the electronics giant foxconn, terry gou, says he'll run for the presidencyou will stand as an independent injanuary�*s election, after failing to become the candidate for the main opposition party. he said his company's huge investments in china gave him the knowledge and ability to keep taiwan safe. china has halved the tax on purchases made on the stock market in an effort to boost share trading. the current rate is 0.1%. the finance ministry said it hoped the cut would boost investor confidence. china's stock markets have slumped over recent months. earlier this month, san francisco voted to allow robo, or driverless—taxis, to operate 2a hours a day. passengers have to book and pay for the journey via an app. but after a high profile accident, there are renewed safety concerns, and some people want them off the road altogether. here's james clayton. one of the things that surprises many visitors when they arrive in san francisco are these things. driverless robo taxis. they're all over the city. this is me ordering one on my phone. one minute away, there'

foxconn's founder is keeping everybody guessing as to if he will run for taiwan president next year.osition said to be concerned his candidacy could split the vote and hand the election to the more independence-minded dpp. bloomberg spoke to him as he rallied support for his proposals in the taiwanese county closest to the mainland. >> on a boat trip to the tiny fortified taiwanese islands closest to mainland china, he made his pitch for peace across the taiwan strait. >> we don't want a war. we don't want to be ukraine. >> for a man who is not officially candidate for taiwanese president, he sure is sounding and looking like a candidate. >> we think taiwan is so important for worldwide economics. taiwan and china can sign some kind of agreement or consensus. then we think both taiwan and china can decide not to fight each other, to get along. >> it is a message that mostly resonates with the residents of the taiwan-controlled island that is a little more than six miles from china that has plenty of reminders of the war that was fought here some 65 years ago. >> of course, most peopl

haslinda: bloomberg's chief north asia correspondent with the foxconn founder in tiananmen, taiwan.igh assets. it has a new prime minister. the said index in positive territory, up a third of a percent. the thai baht getting a lift, 34.94, thailand under pressure because growth is lackluster. even though we see gains today, the asset classes will be looking words china to drive them higher. thaksin shinawatra has reportedly been transferred to a hospital from a bangkok prison. thaksin returned to prison. srettha thavisin winning the prime minister ship ending the political stalemate. bloomberg's reporter joins us with the latest. a new prime minister finally. what's next, is it cabinet formation? >> yes indeed, has. after the pm has been selected, all eyes will be on government formation. we're looking at a time line around early september for the cabinet to be formed in a new government to take power read of now, srettha has been selected prime minister in a parliament about yesterday. what's next for him as you will need to get a royal endorsement. according to details emerging th

you look at foxconn, which is has huge operations in china. but even then, you know, apple's moving production towards india over a long and elsewhere over a long period of time. so so i think taiwan views itself as its own own world, really. and they have prospered in that world. and that's the key thing to understand here. they have been part of this triangle between the us, china and taiwan, and they have prospered on it. but it also speaks to just how complicated of a geopolitical situation this is. i mean, you cannot imagine a geopolitical situation more complicated than what taiwan and and vice president lai, who is, again, the leading candidate in this, of course, there's other candidates and lots of turbulence yet to play out in before the election. joel, thanks so much for joining us. joel weber, bloomberg businessweek editor, he did that interview and you can catch it in its entirety on bloomberg.com for jon erlichman, i'm matt miller. this is bloomberg. internet without trackers. without malicious websites. it's without doubt malwar

the gap between operations in china and india, foxconn will begin production for the iphone 15 in indiasources say the factory will begin making the -- shipping the devices after weeks -- only weeks after building in china. that delay was drastically reduced last year and apple produced 7% of its i -- iphones in india at the end of marx -- march and amazon is imposing a new fee on merchants that don't use its -- u.s. government is poised to follow an antitrust lawsuit against the e-commerce giant? thousands of third-party sellers who ship products themselves will start paying 2% fee on each sale starting in october? -- october. caroline: let's get into commerce because the news, the retail sales coming in strong today, we have earnings from target, profit gains for the company and we are trying to understand where is the consumer and how is it shifting and spending in this environment. we have an expert, rachel tipograph, founder and ceo of the platform -- e-commerce platform mikmak. are you surprised by the resilient -- resilience of the u.s. consumer? >> i am not because americans lov

. >>> foxconn consumer electronics segment with double digit growth as apple gears up for product launchesting pr pr pressure on the economytors arew the economic trends in a positive light this as beijing reveals daily stimulus measures. what does this message mean nfo investors? jo joining me now is dewardric mcneal >> thank you, frank. >> chinese authorities are trying to tamp down talk of the inflation and stimulus what does this mean for foreign investors, specifically u.s. investors in china >> frank, we are seeing control of the chinese communist party this is bad for businesses, because if, in fact, they are told this about the chinese economy, it will make it difficult to get accurate and timely information about with the macro economy and various sectors, particularly those that the government feels is necessary for their development and individual companies we have seen cap vision with off offices raided this environment, frank, is difficult for businesses to on the -- to operate in it continues to trend and really need to be cautious of the risk of being in china. >> you see co

. ♪ ed: foxconn founder has joined a credit race to become taiwan's next -- a crowded race to becomeaiwan's next president. the tech billionaire denied beijing to pressure him through his extensive operations in the country which include much of apples supply chain. the company working on a revamped ipad pro for next year. for more, let's bring in mark berman. -- mark gurman. the key for me is the m3 chip come every time they have a new generation of chip, they have more people -- cpu cores and graphics cores and more memory but this is a major hardware overall. david: it is -- mark: it is a major hardware overall. the tablet market has been in a funk. i've had revenue has been down -- ipad revenue has been down several quarters in a row and in the third quarter, i've had revenue was the lowest in the cost of the pandemic. apple is work -- hoping this ipad pro which will come out in the first half of next year will rejuvenate sales with the new design. this -- they will move to oled displays for the first time in a ipad. if you remember the move from the lcd to oled for the iphone. t

a number of companies including softbank, foxconn and k-pop entertainment company hybe.ainment stocks have soared this year on the popularity of k-pop groups. haidi: sticking with the theme, bloomberg intelligence expects entertainment stocks to drive the growth of south korea's etf market. our next guest is here. how are investors getting in on this bandwagon, from blackpink, to bts, even though they aren't actually performing together at the moment? guest: there's actually an entertainment etf that tracks all 30 of these companies in south korea. it is called k-popus. there has been a hype into this area whether it is bts or blackpink. a lot of people especially in south korea are really into the dramatic themes. south korea ranks fifth by assets under management in south asia. it is japan, china, taiwan, australia and south korea. in south korea we have a lot of interest in the sector and hybe has 320 one etfs that track the sector. haidi: what are some of the trends? rebecca: some of the trends are a battle between two companies, one of them being samsung. they are n

. >> and,bret, tonight foxconn firms ukraine's ambassador to the u.s.hear what the candidates have to say about that country. she says it is, quote: important for us. bret? >> i bet the topic will come up. aishah, thank you. >> you got it. >> up next, a pair of milwaukee media members discuss tomorrow's republican presidential debate, what it means here. first, beyond our borders tonight, army commandos using helicopters and a makeshift chair lift rescue 8 people from a broken cable car as it dang geles hundreds of feet above a canyon in a remote mountainous part of pakistan. take a look at this. six children and two adults became trapped earlier in the day when a cable snapped while they were crossing a river canyon, the children were on their way to school. firefighters find the bodies of 18 people while scouring the people of a major wildfire burning out of control in northeastern greece. authorities are examining whether the group might have been migrants who entered the country through the nearby border with turkey and this is a live look at sebast

but obviously china/taiwan, i think it's going to rear its ugly head, and terry gou, the founder of foxconn n is running for president in taiwan, saying, we don't want to be the next ukraine there's a lot of things to be concerned about there, and to your point about inflationary pressures, i think the near shoring, is that a term? that's more inflationary than the deflation they're exporting to us. >> and also, mel, something that would be really unique for all of us who -- i'm no economist, by any means here, but when you think about this, let's just say the chinese economy is weak. say the chinese consumer can no longer be relied upon to buy apple or teslas, so, you have this weakness there, so, u.s. multinationals who are depending on much of their future growth from china, but also, the reshoring of jobs is inflationary for those goods that are coming back and being sold to u.s. consumers and that really could be a really interesting dynamic, if you think about it, because if china is not that engine of growth, you know, and it's going to become more expensive, and you think about the

she helps us on every friday morning we do the foxconn certificate series. smoke connected sauces with masterbuilt smoker. that is homemade pim meant cheese. what is in pim meant toe cheese. pimento and cheese. we. brian: we have to go to charles. charles: send some here to the studio where i am. stocks meandering, right? government bonds are getting walloped as yields rocket to outer space. here is the thing, wall street is loading up on bonds. the assumption is yields coming back to earth quickly. i don't know. lance roberts will make the case buying bond over stocks. it is the wild west. talking about the options market. trading some has sparked late session selloffs. paul schatz says it is happening and he will show us exactly why. american consumers are running out of money. what i glean from walmart earnings. maybe they won't be able to pay back the student loans. we have two amazing guests. speaking of outer space. i have a special shoutout to a 97-year-old vet. we'll share some of these hoop posts you put on twitter yesterday. all that and more in "m

apple has always had strong ties for manufacturing in china, the foxconn factory, all the iphone seem to come out of there. but it looks like as there's more more pushback against american tech in china, it looks like they're starting to push their iphone 50 production over india. you see in that. >> the iphone 15 just started production in india and this is tied towards what happened during covid where factory shut down for long periods. time in china, iphone 14 would have sold a lot more phones, but they just couldn't get the manufactured out of china. if you remember, but last time this time of year, iphone, 14 pro demand, it was a week for 16 weeks when it first came out because there just wasn't enough of them to be made and just not enough profits to be realized by apple, which is unfortunate. so, yeah, i think the global supply chain continues diversify a little bit away from china, but china will stay important for the long-term worthy of note. but india's also i were invest in one country, one for infantry, this point in time probably be in they've got great universities, the

apples main supplier foxconn planning to spend almost half $1 billion holding two component factoriesdia. one of the factories will produce apple parts for iphones. it is part of a plan to diversify its supply chain away from china. we expect a formal announcement as early as this week. exxon in talks with automakers about supplying lithium batteries. also having discussions with samsung. one of several oil and gas companies seeking to expand into lithium reduction to take advantage of surging demand in the ev space. david: we are looking at tech. i am not sure why we are looking at alibaba. the big story across tech come out with some earnings today. the under current dictated by policy. the ndrc rolling down measures to improve business environment. they're talking about loan support to businesses, so this credit enhancement tool that finance institutions. earnings to tell you about, toyota. we are moving into the thick of it as far as hong kong is concerned over the next few weeks. on the other side of the break, we will get you i don't want you to move. i'm gonna miss you so much.

you see the former foxconn head making a speech to his supporters there.erground and we will get to him. there has been a lot of speculation and whether he will run for president. what that means for this election that is a few months away. we will bring you the latest once we hear the official confirmation, if it is happening or not. there you go. he is in taiwan. rishaad: there week. we don't know about his political ambitions. let's tell you about australian earnings. dhp with a 37% decline in its full-year profit, a miss -- bhp. lack of iron ore demand. sales in continuing operations also missing. but it is pain a final dividend of $.80 a share, down from $1.75 a year ago. yvonne: the ceo telling us the outlook for china remains uncertain and that the firm is closely watching the country's flailing property sector. >> it is fair to characterize it as a bit uncertain. i would say that there is actually a number of sectors internet that are doing quite well. that includes green infrastructure, auto infrastructure, automobiles and so on, but he said to ev