apple supplier foxconn has responded to the latest tariff proposal from mr trump.se firm says it expects to be less impacted by tariffs than its rivals, because of its global manufacturing footprint. chairman young liu told reporters that he will elaborate on the company's plans in the united states once mr trump takes office. foxconn has several manufacturing facilities in china, including a large iphone assembly plant. officials from the us federal reserve see more interest rate cuts ahead, but at a gradual pace, according to the minutes from their latest meeting. the minutes also showed that fed officials are comfortable with the pace of inflation, even though it remains above the official 2% target. the fed lowered its key borrowing rate by 0.25% earlier this month. cybersecurity firm crowdstrike has reported earnings that beat analyst expectations. the company, which helps firms identify and thwart software attacks, saw an almost 30% jump in third quarter revenue from a year earlier. crowdstrike was at the centre of a global it outage injuly, where a rogue sof

the biggest maker of apple's iphones, foxconn has seen its share price almost double in the last yearn house burberry has unveiled a transformation plan to reverse its ailing fortunes. it plans to leverage its british heritage, positioning itself as a leader in outdoor wear, focusing on trench coats and scarves and making its bags and shoes cheaper. burberry�*s been suffering from a downturn in demand for luxury goods, particularly from china. it lost almost $52 million in the first half of the year. investors like what they're hearing with shares climbing by as much as 15%. kathleen brooks is research director at xtb. a keen fashionista as well. why does this make sense? you cannot blame them for that, certainly not in this part of the world. it does make sense, i think, the market is rewarding that because the push into handbags and the ultraluxury set, shoes and other leather goods, went into a crowded market. this was not the current ceo about previous management, they went into a crowded space and had to compete with others, including the owners of gucci, they couldn't keep up an

and he promised to bring jobs back to the u.s., like his promise that foxconn was going to invest -- was going to invest $10 billion and create 13,000 manufacturing jobs in mount pleasant. you remember that. he said wisconsin was soon going to be home to a manufacturing plant that he called, again, donald trump language, "the eighth wonder of the world." yet another empty promise. typical for a person that is all talk, no walk. typical. [applause] and all that to say, we hear know, donald trump is no friend to labor. no friend to labor. he has been a union buster his entire career. he has called union leaders "due sucking people." he says he supports the so-called right to work laws 100%. he joked with a billionaire buddy of his about the mass firing of striking workers. and while he was president, he lowered labor standards and made it easier for companies to break labor laws and then get federal contracts. right? so part of what -- why i am here is to ask the leaders, let's remind all the brothers and sisters of labor about who donald trump really is, because he's got a lot of talk

january apple keeping a close eye on disruptions to trade majority iphones made in china through foxconnpublic yearns today a status hearing their attorneys asking l.a. county superior cultural reconsider life stens for murdering parents, both claimed in self-defense after years of abuse last month outgoing l.a. d.a. gascÓn requested a judge resentence brothers make them eligible for positive rome new evidence includes claims from ro zelo says the father abused him describing how his father subtractionly abused boys gavin newsom will not decide on clemency instead to incoming d.a. sworn in december 2, new sentence would request schedules considered december 7. >> president biden likely letting two very lucky birds off the hook, this thanksgiving during, thanksgiving turkey pardon today, both from minnesota pardoned during the 77th annual thanksgiving transition after pardon going back to minnesota ambassadors of national turkey association scheduled for 11:00 a.m. 11:00 a.m. eastern time. >> donald trump chewing sec commissioner seniorr brendan carr as agency chairman in january since a

. >>> foxconn reporting a 13% rise the largest contract manufacturer expect robust business next yearworldwide exchange," the one word every investor needs to know today and the pick every investor needs to know plus president trump flushing out his cabinet. details on who could be leading one of mr. trump's top priorities details after this break ♪ ♪ (vo) with verizon, trade in any phone, any condition, and get iphone 16 pro with apple intelligence, on us. for everyone in the family. only on verizon. >>> welcome back to worldwide exchange exchange president-elect naming marco rubio to his cabinet also, mr. trump chose congress member matt gaetz for attorney general. gaetz submitted his resignation yesterday. the doj declined to charge him, but he remained under investigation by the house committee. rubio and gaetz and gabbard will need confirmation. megan cassella is joining us with more on the story good morning >> reporter: frank, good morning. a top priority for voters and priority for the incoming administration the central policy promise of trump's campaign was tariffs on all go

belkin, owned by a foxconn subsidiary working closely with apple, came out with an overhead strap thats to the back and combine, you can wear it for longer. caroline: mark gurman, all the latest and greatest out of apple, we really appreciate it. ed, we are down on the chip sector with bitcoin above 84000 and tesla, you said it, highest since 2020? ed: astonishing momentum. that does it for this edition of the show. check out the pod. you know where to find it. happy monday. this is bloomberg. ♪ let's go boys. the way that i approach work, post fatherhood, has really been trying to understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families, like my own. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. ♪ ♪ >> welcome to bloomberg etf iq. >> we are back from our one week hiatus. i heard there was an election. >> it feels like the world changed lately. >> there was also a fed meeting. let's get to the biggest stories. more than $14 trillion glo

clearly, investors are especially joying the announcement today >>> meantime, apple's foxconn postedack of a.i. server demand the a.i. story is present at this stage the world's largest electronic maker says they expect to grow significantly on the year while a.i. servers are expected to account for all server revenue in 2025. >>> and tencent is ticking higher in asian trade or was moving higher in the session after the third quarter net profit surged better than expected 47% on the year to 52.2 billion yuan revenue came in at just over 167 billion yuan for the third quarter broadly in line with the estimates and brought by a 14% jump in gaming revenue clearly all of the stories have the a.i. boom very much behind them. >>> meanwhile, cisco is moving lower despite the forecast of second quarter revenue above analyst expectations seen coming in at $35.5 billion. this came in after the expectations of the top and bottom lines currently on the screen is cisco shares >>> i want to turn back to the corporate stories from germany this morning si, mens coming in at $9 billion off the back o

president-elect named far right conspiracy theorist sebastian gorka to a key national security role and a foxconnr fox contributor pick. rounding out the list, scott bessent, a billionaire executive and top campaign fundraiser to be his treasury secretary. joining us is msnbc political contributor and "politico" white house correspondent, eugene daniels. >> eugene, welcome back to the table. i have something i want to play for you because i think in this sound is the essential ingredient for everything we're seeing play out with trump and the people he selected. let's listen to mr. vought on ukraine funding. >> you think about ukraine and the president in that first term wanted to cut off funding for ukraine. why? because it is a corrupt country and we didn't know how it was going to be spent. it was totally normal policy process to go through that the people lost their minds about. >> right. >> but the bureaucracy was literally just ignoring it and, quite frankly, his political appointees like john bolton were ignoring him as well. and what we then did at omb was i had been personally told, you

some of the challenges there, that you have seen parts of nvidia repurposed to other players, like foxconn cetera. i don't see that an issue, whatsoever. >> cj, it has been a pleasure. is there anything else? look, we had a selloff after the last report, didn't we? it didn't seem to stop the long- term rally. >> i don't see anyone selling after tonight. in fact, if there is a pull back, i think you would see buyers, because the story line, again, over the next four months is so robust, that i don't see a challenge. overall, the group has been weighed by fears of what tariffs and other issues like that with the trump administration might look like. the good news is that nvidia, right now, pretty much, has a monopoly on the real leading edge, hyper scaled gpu front. i don't see any issues related to u.s. china relations that would cause a hiccup for them. i don't see an issue, and i do think that nvidia will lead the group higher. >> cj, thanks for your time. cj muse with cantor fitzgerald. >>> we have a news alert on mcdonald's to get to. kate rogers has the details. >> reporter: is reporti

>> peter: foxconn firms the stenographers never hear them say anything.are always just sitting like two feet away from the president with a long microphone and recorder and now they are going on the record and also, the stenographer's office apparently has a leak. >> brian: when stenographers go. >> ainsley: we are picturing the grandmother angrier. >> brian: all in a line. >> peter: probably all in a line. there is a stenographer next to the stenographer with a mic to make sure they got it right. check their notes. >> this is a serious issue. >> steve: it is. >> peter: we have seen when it comes to the white house staff giving stuff to the national archives, they want to have everything and it has to be exactly right. the stenographers are there for a reason. so the political appointees cannot come in and just try to change the historical record and that is what they are very gently but accusing the white house of doing. >> steve: peter, in is an exclusive. >> peter: everybody heard the clip. >> steve: did you. you went to las vegas to tell us about the

house, and we haven't called it again here on foxconn we are going with the associated press and theyre not there yet. but if he has bicameral majority, he's not going to keep that long. we have another election for congressional members coming up in a couple years. so he's got to be able to do something pretty quickly. we are going to move but we will be right back. we are waiting for the white house press briefing now, expected to begin in about 30 minutes. imagine the pressure on press secretary karine jean-pierre. as you know, the only french i speak. she'll be joined by national security advisor jake sullivan. remember, we reported earlier, sullivan was wanting to know what trump was kind of thinking in terms of handling some of the big things that have cooked up. he didn't probably put it this way, but it has certainly blown up under joe biden and kamala harris. what will trump do first? what is it going to look like? i don't know that he'll get this out of the meeting going on with joe biden right now. i don't know how deep and detailed that will be. they are giving on camera r