Cramer: ‘I don’t trust this market at all’ because it’s so dependent on Trump tweets

“I don’t trust this market at all,” Cramer warned on “Squawk on the Street” as stock futures pointed to a higher Wall Street open, which in fact came to pass through the morning. Cramer said he was troubled by Trump’s barrage of tweets Tuesday, calling them “a little erratic,” including the one about the Federal Reserve. Trump is “really disturbing the zeitgeist of the stock market,” Cramer said. However, in light of the uncertainty around Trump’s new tweets, Cramer on Tuesday advised investors


“I don’t trust this market at all,” Cramer warned on “Squawk on the Street” as stock futures pointed to a higher Wall Street open, which in fact came to pass through the morning. Cramer said he was troubled by Trump’s barrage of tweets Tuesday, calling them “a little erratic,” including the one about the Federal Reserve. Trump is “really disturbing the zeitgeist of the stock market,” Cramer said. However, in light of the uncertainty around Trump’s new tweets, Cramer on Tuesday advised investors
Cramer: ‘I don’t trust this market at all’ because it’s so dependent on Trump tweets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: matthew j belvedere
Keywords: news, cnbc, companies, trumps, stock, worth, sp, trump, trust, dependent, wall, tweets, cramer, street, dont, market, 500


Cramer: 'I don't trust this market at all' because it's so dependent on Trump tweets

CNBC’s Jim Cramer voiced concern about the staying power of the stock market’s bounce Tuesday following President Donald Trump’s latest tweetstorm on China trade and Monday’s sharp decline.

“I don’t trust this market at all,” Cramer warned on “Squawk on the Street” as stock futures pointed to a higher Wall Street open, which in fact came to pass through the morning. “[Trump] has made it so we got to wait to be able to buy.”

Cramer said he was troubled by Trump’s barrage of tweets Tuesday, calling them “a little erratic,” including the one about the Federal Reserve.

Trump is “really disturbing the zeitgeist of the stock market,” Cramer said. “He should knock the tweets off if he wants the Dow to start going up, at least today.”

On “Mad Money” on Monday evening — after the Dow Jones Industrial Average and the S&P 500 each lost about 2.4% on China’s tariff response to last week’s U.S. hike — Cramer said Wall Street is nearly oversold and investors should get ready to load up on names that can withstand higher tariffs.

However, in light of the uncertainty around Trump’s new tweets, Cramer on Tuesday advised investors to let things shake out, saying there may be a buying opportunity in stocks later in the session.

In late morning trading, the S&P 500 was making up about half of Monday’s losses, which had sent the index down for a total of nearly 5% from its May 1 intraday all-time high. So far in 2019, the S&P 500 has gained about 13% — and since the crushing Christmas Eve 2018 low, the index has soared more than 20%.

On Monday, China said it will raise tariffs, some to as high as 25%, on $60 billion in U.S. goods, in retaliation for the Trump administration’s decision last week to increase duties on $200 billion worth of Chinese products from 10% to 25%.

Meanwhile, the Office of the U.S. Trade Representative is taking steps to prepare to slap tariffs on the remaining billions and billions of dollars worth of Chinese goods coming into the U.S.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: matthew j belvedere
Keywords: news, cnbc, companies, trumps, stock, worth, sp, trump, trust, dependent, wall, tweets, cramer, street, dont, market, 500


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Goldman Sachs: Apple dependent on Google for services revenue

Analysts at Goldman Sachs estimate more than 20 percent of Apple’s burgeoning services revenue comes from Google. Apple touts its services revenue as the next growth driver for the company, amid slowing iPhone sales. That revenue gets lumped into Apple’s burgeoning services segment, which also includes App Store, iCloud and Apple Music revenue. Goldman Sachs estimates Google paid Apple nearly $9.5 billion in traffic acquisition costs (TAC) during calendar year 2018, representing a third of Apple


Analysts at Goldman Sachs estimate more than 20 percent of Apple’s burgeoning services revenue comes from Google. Apple touts its services revenue as the next growth driver for the company, amid slowing iPhone sales. That revenue gets lumped into Apple’s burgeoning services segment, which also includes App Store, iCloud and Apple Music revenue. Goldman Sachs estimates Google paid Apple nearly $9.5 billion in traffic acquisition costs (TAC) during calendar year 2018, representing a third of Apple
Goldman Sachs: Apple dependent on Google for services revenue Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: sara salinas, drew angerer, getty images
Keywords: news, cnbc, companies, revenue, store, apples, dependent, goldman, tac, app, sachs, services, google, apple, segment, work


Goldman Sachs: Apple dependent on Google for services revenue

Analysts at Goldman Sachs estimate more than 20 percent of Apple’s burgeoning services revenue comes from Google.

Apple touts its services revenue as the next growth driver for the company, amid slowing iPhone sales. But the share of the segment that comes from Google is decelerating, and Apple could need to make up the difference with a ‘Prime’ bundle, Goldman Sachs said in a note published Monday.

“Apple will need to add mid to high single digits growth back to Services revenues through successful launch of the ‘Apple Prime’ bundle including original video that we expect to be rolled out this Spring/Summer,” the firm said.

Google pays device makers like Apple traffic acquisition costs to be the default search engine. That revenue gets lumped into Apple’s burgeoning services segment, which also includes App Store, iCloud and Apple Music revenue.

Goldman Sachs estimates Google paid Apple nearly $9.5 billion in traffic acquisition costs (TAC) during calendar year 2018, representing a third of Apple’s profit in the segment. The fees will continue to make up a large portion of Apple’s services revenue into 2019, the firm said, but will grow at slower rates.

“Not only is TAC large but it is still growing as people search more on mobile devices,” the analysts said. “Combining our TAC work with app store data from Sensor Tower we conclude that TAC and Apple’s share of app store downloads represented 51 percent of Services revenues in 2018 and an even larger 70 percent of Services gross profits. Both of these elements should grow in 2019 albeit TAC looks likely to decelerate materially.”

WATCH: Goldman’s Rod Hall: Apple has its work cut out for it in services


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: sara salinas, drew angerer, getty images
Keywords: news, cnbc, companies, revenue, store, apples, dependent, goldman, tac, app, sachs, services, google, apple, segment, work


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‘OPEC is not effective,’ says Malaysia’s prime minister

The Malaysian leader was asked whether the group should take further action to stabilize oil prices. “What is more important is the production of shale oil from America,” he added. Consequently, analysts at Fitch recently said a decline in oil prices will undermine the country’s effort to cut its debt given its dependence oil revenue. You see, we’re a small producer of oil, 600 barrels a day — nothing compared to countries like Saudi, which is entirely dependent upon oil revenue,” said the prime


The Malaysian leader was asked whether the group should take further action to stabilize oil prices. “What is more important is the production of shale oil from America,” he added. Consequently, analysts at Fitch recently said a decline in oil prices will undermine the country’s effort to cut its debt given its dependence oil revenue. You see, we’re a small producer of oil, 600 barrels a day — nothing compared to countries like Saudi, which is entirely dependent upon oil revenue,” said the prime
‘OPEC is not effective,’ says Malaysia’s prime minister Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: yen nee lee, justin solomon
Keywords: news, cnbc, companies, rating, opec, malaysia, prime, oil, mahathir, production, malaysias, revenue, prices, shale, effective, minister, fitch, dependent


'OPEC is not effective,' says Malaysia's prime minister

The Organization of the Petroleum Exporting Countries hasn’t been effective in stabilizing oil prices, which have been more dependent on U.S. shale production than the actions of the intergovernmental group, said MalaysianPrime Minister Mahathir Mohamad.

“OPEC is not effective. They are always at loggerheads with each other so they cannot make decision,” Mahathir told CNBC’s Sri Jegarajah in a Monday interview. The Malaysian leader was asked whether the group should take further action to stabilize oil prices.

“What is more important is the production of shale oil from America,” he added.

Those comments by the Malaysian leader came less than a month before OPEC and non-OPEC members are scheduled to meet in Vienna, Austria to vote on their next policy decision. Those major oil producers began cutting production in January 2017 to drain a global crude glut that sent oil prices from over $100 per barrel to under $30.

Oil prices did recover, but trade tensions between the U.S. and China, rising interest rates and currency weakness in emerging markets have raised concerns about a slowdown in global economic growth and oil demand.

Malaysia is an oil producing country. Consequently, analysts at Fitch recently said a decline in oil prices will undermine the country’s effort to cut its debt given its dependence oil revenue. But Mahathir said Malaysia’s economy is more diversified than what’s commonly thought.

“We’re not dependent on oil revenue. You see, we’re a small producer of oil, 600 barrels a day — nothing compared to countries like Saudi, which is entirely dependent upon oil revenue,” said the prime minister.

“We have other sources of revenue: We produce a lot of palm oil, which used to fetch quite good prices. We also have 82 percent of our exports made up of manufactured goods, so how can you say we’re dependent upon oil revenue? It’s not,” he added.

The comments by Fitch analysts were made after Malaysia said earlier this month it plans to cut its fiscal shortfall to 3.4 percent of gross domestic product in 2019 — down from the projected 3.7 percent this year. Fitch said the country is “at the mercy of the markets” given its oil businesses, and because of that, the agency is “cautious” that Malaysia would achieve its goal in cutting the budget deficit.

Despite that, economists said Malaysia doesn’t face threats of a sovereign rating downgrade in the near term.

“We don’t think the situation today is that worse and entails a rating downgrade, although signals of worsening public finances have had rating agencies sounding alarms days ahead of the budget,” Prakash Sakpal, Asia economist at ING, wrote in a report last week.

— CNBC’s Tom DiChristopher contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: yen nee lee, justin solomon
Keywords: news, cnbc, companies, rating, opec, malaysia, prime, oil, mahathir, production, malaysias, revenue, prices, shale, effective, minister, fitch, dependent


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ECB member says any extra loans for Italian banks would be dependent on fresh data

Asked directly about Italian banks and a series of loans given out by the ECB, called targeted longer-term refinancing operations (TLTROs), Smets said the central bank was yet to discuss what would come after its current range of liquidity operations. “We did not yet discuss, at the level of the Governing Council, what will follow, we are — as you know — a data dependent institution. And I can repeat that … (we) maintain our confidence in further economic expansion of the euro area,” Smets tol


Asked directly about Italian banks and a series of loans given out by the ECB, called targeted longer-term refinancing operations (TLTROs), Smets said the central bank was yet to discuss what would come after its current range of liquidity operations. “We did not yet discuss, at the level of the Governing Council, what will follow, we are — as you know — a data dependent institution. And I can repeat that … (we) maintain our confidence in further economic expansion of the euro area,” Smets tol
ECB member says any extra loans for Italian banks would be dependent on fresh data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-05  Authors: matt clinch
Keywords: news, cnbc, companies, fresh, extra, dependent, ecb, central, data, forward, euro, banks, smets, loans, italian, end, member


ECB member says any extra loans for Italian banks would be dependent on fresh data

Jan Smets, the governor of the National Bank of Belgium and a member of the European Central Bank’s (ECB) Governing Council, told CNBC that any new policies to help the Italian banking sector would be firmly reliant on how the economic data plays out in the coming years.

Asked directly about Italian banks and a series of loans given out by the ECB, called targeted longer-term refinancing operations (TLTROs), Smets said the central bank was yet to discuss what would come after its current range of liquidity operations.

“We did not yet discuss, at the level of the Governing Council, what will follow, we are — as you know — a data dependent institution. At any monetary policy meeting we are considering what data which are coming in. And I can repeat that … (we) maintain our confidence in further economic expansion of the euro area,” Smets told CNBC’s Joumanna Bercetche on Monday.

According to Reuters, banks in the region borrowed a combined 739 billion euros in four tenders in the ECB’s second TLTRO facility but there’s now concerns on what will happen after it winds down its operations. These loans are set to end in the next few years and the ECB’s massive bond-buying program is due to end in December. Meanwhile, ultra-low interest rates that were brought in after the euro sovereign debt crisis of 2011 are expected to start rising again at the end of summer 2019.

However, Smets did not confirm or deny that more loans could be made available for Italian banks. These lenders are seen as particularly vulnerable due to hefty levels of bad loans and political upheavals in the country pushing up borrowing levels.

“We (the ECB) repeatedly confirmed our decisions taken a few months ago, including our forward guidance, meaning we will end the net purchase of assets … And that is very clear forward guidance as a matter of fact for the next year and we are sticking to that,” Smets added.

Smets also stated that the euro zone’s central bank would be keeping “very important” monetary accommodation going forward “in order to be sure that inflation expectations are consistently anchored.”


Company: cnbc, Activity: cnbc, Date: 2018-11-05  Authors: matt clinch
Keywords: news, cnbc, companies, fresh, extra, dependent, ecb, central, data, forward, euro, banks, smets, loans, italian, end, member


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Childcare costs hit new heights. How you can save $5,000 a year

Childcare costs are approaching the level of college tuition in some parts of the country, but this fall your employer might offer you a way to save. Say hello to the dependent care flexible spending arrangement or FSA. This account allows you to save up to $5,000 each year per household on a pretax basis. The dependent care FSA can take the sting out of the rising cost of childcare, which continues to climb annually. The national average cost of care for one child is about $9,000, according to


Childcare costs are approaching the level of college tuition in some parts of the country, but this fall your employer might offer you a way to save. Say hello to the dependent care flexible spending arrangement or FSA. This account allows you to save up to $5,000 each year per household on a pretax basis. The dependent care FSA can take the sting out of the rising cost of childcare, which continues to climb annually. The national average cost of care for one child is about $9,000, according to
Childcare costs hit new heights. How you can save $5,000 a year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-25  Authors: darla mercado, cefutcher, getty images, mike kemp, blend images
Keywords: news, cnbc, companies, large, fsa, 5000, heights, care, dependent, child, cost, costs, childcare, offer, national, hit, according, save


Childcare costs hit new heights. How you can save $5,000 a year

Childcare costs are approaching the level of college tuition in some parts of the country, but this fall your employer might offer you a way to save.

Say hello to the dependent care flexible spending arrangement or FSA. This account allows you to save up to $5,000 each year per household on a pretax basis.

Assuming your child is under age 13, you can use the money to cover daycare and before- or after-school care expenses, as well as care at home.

Nearly 9 out of 10 large companies offer dependent care FSAs to their workers, according to the National Business Group on Health, a trade association that represents large employers.

The dependent care FSA can take the sting out of the rising cost of childcare, which continues to climb annually.

The national average cost of care for one child is about $9,000, according to Child Care Aware of America.

See below for the least affordable states for center-based infant care in 2017.


Company: cnbc, Activity: cnbc, Date: 2018-10-25  Authors: darla mercado, cefutcher, getty images, mike kemp, blend images
Keywords: news, cnbc, companies, large, fsa, 5000, heights, care, dependent, child, cost, costs, childcare, offer, national, hit, according, save


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Jimmy Carter: Trump is ignoring affordable housing shortage crisis

Former President Jimmy Carter told CNBC this week that the Trump administration is ignoring a national housing crisis, and he urged voters to support candidates who promote affordable housing. “Low-income housing needs to be raised much higher as a priority for our country,” Carter said in a phone interview. “I don’t think that making people self-sufficient who are already in desperate need and who have never had a decent place to live is a good approach to low-income housing,” he said. Facing i


Former President Jimmy Carter told CNBC this week that the Trump administration is ignoring a national housing crisis, and he urged voters to support candidates who promote affordable housing. “Low-income housing needs to be raised much higher as a priority for our country,” Carter said in a phone interview. “I don’t think that making people self-sufficient who are already in desperate need and who have never had a decent place to live is a good approach to low-income housing,” he said. Facing i
Jimmy Carter: Trump is ignoring affordable housing shortage crisis Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-30  Authors: emma newburger, thony belizaire, afp, getty images
Keywords: news, cnbc, companies, hud, housing, rent, habitat, carter, voters, crisis, trump, shortage, affordable, lowincome, jimmy, public, dependent, assistance, ignoring


Jimmy Carter: Trump is ignoring affordable housing shortage crisis

Former President Jimmy Carter told CNBC this week that the Trump administration is ignoring a national housing crisis, and he urged voters to support candidates who promote affordable housing.

“Low-income housing needs to be raised much higher as a priority for our country,” Carter said in a phone interview. “That’s the first step toward making people who are now dependent on government assistance, on welfare rolls, to get a good job and have a chance to raise their families and put their kids through school.”

Carter, a Nobel Peace Prize winner who turns 94 in October, also called for broad reform for the U.S. Department of Housing and Urban Development. He said this fall’s elections offer voters a chance to support an issue that has been widely overlooked by candidates in this year’s midterm election cycle.

In response to a request for comment, a HUD spokesman referred CNBC to the department’s website but did not answer specific questions.

Since the 2008 financial crisis, the housing market has broadly recovered overall. But many Americans have been left behind. Millions of low-income Americans are paying 70 percent or more of their incomes on housing and face a shortage of available affordable rental apartments.

Carter said the gap between rich and poor has reached unprecedented levels as land becomes scarce and the cost of homebuilding rises.

Meanwhile, HUD Secretary Ben Carson has proposed tripling the minimum rent paid by the poorest public-housing tenants and rolling back rent restrictions on 4.5 million households that participate in public housing programs, according to HUD data.

The White House’s fiscal year 2019 budget proposal also slashes funding for HUD by $8.8 billion and calls for work requirements for those who receive public housing subsidies. The administration has also proposed raising the minimum rent for the poorest families to about $150 a month — three times the current minimum.

Carson has said the goal is to reduce assistance to the poor to combat what he sees as a cycle of dependency. Proponents of this approach argue that while safety-net programs are important, low-income renters and homeowners who rely on too much federal assistance will become stuck in dependent situations.

But Carter, who has helped renovate 4,300 homes in 14 countries for Habitat for Humanity, said the policy is misguided. Rather than becoming more dependent on government, he said, the people who move into Habitat homes and receive public assistance are “hardworking” and become productive citizens and taxpayers.

“I don’t think that making people self-sufficient who are already in desperate need and who have never had a decent place to live is a good approach to low-income housing,” he said. “You can make people suffer longer by depriving them of adequate help.”

Facing increased demand and rising land prices, Habitat housing has become more expensive. The cost of building a home 35 years ago was roughly $20,000 to $25,000 and has since more than quadrupled, Carter said.

“The main thing that we have failed to do is to let people in general join in with Habitat and emphasize the need for low-income housing,” he said.


Company: cnbc, Activity: cnbc, Date: 2018-08-30  Authors: emma newburger, thony belizaire, afp, getty images
Keywords: news, cnbc, companies, hud, housing, rent, habitat, carter, voters, crisis, trump, shortage, affordable, lowincome, jimmy, public, dependent, assistance, ignoring


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Uber CEO: What scares me the most is how much the company depends on me

Uber CEO Dara Khosrowshahi says the company is too dependent on him. At the Code Conference in Rancho Palos Verdes, Calif., on May 30, Recode’s Kara Swisher asked the tech executive, “What’s the thing that scares you the most, right now, as CEO?” “What scares me the most is that the company’s too dependent on me making decisions,” Khosrowshahi responded. Khosrowshahi took over the role of Uber CEO in August 2017, replacing controversial founder Travis Kalanick. Prior to becoming the CEO of Uber,


Uber CEO Dara Khosrowshahi says the company is too dependent on him. At the Code Conference in Rancho Palos Verdes, Calif., on May 30, Recode’s Kara Swisher asked the tech executive, “What’s the thing that scares you the most, right now, as CEO?” “What scares me the most is that the company’s too dependent on me making decisions,” Khosrowshahi responded. Khosrowshahi took over the role of Uber CEO in August 2017, replacing controversial founder Travis Kalanick. Prior to becoming the CEO of Uber,
Uber CEO: What scares me the most is how much the company depends on me Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-06-07  Authors: catherine clifford, getty images
Keywords: news, cnbc, companies, depends, website, verdes, scares, travis, khosrowshahi, whats, ceo, dependent, uber, travel, company


Uber CEO: What scares me the most is how much the company depends on me

Uber CEO Dara Khosrowshahi says the company is too dependent on him.

And that makes him nervous.

At the Code Conference in Rancho Palos Verdes, Calif., on May 30, Recode’s Kara Swisher asked the tech executive, “What’s the thing that scares you the most, right now, as CEO?”

“What scares me the most is that the company’s too dependent on me making decisions,” Khosrowshahi responded.

“When a decision has to come to me, it’s a failure, because then the team doesn’t know what to do,” the CEO says.

Khosrowshahi took over the role of Uber CEO in August 2017, replacing controversial founder Travis Kalanick. Prior to becoming the CEO of Uber, Khosrowshahi was the CEO of travel website Expedia, a position he’d held since 2005.


Company: cnbc, Activity: cnbc, Date: 2018-06-07  Authors: catherine clifford, getty images
Keywords: news, cnbc, companies, depends, website, verdes, scares, travis, khosrowshahi, whats, ceo, dependent, uber, travel, company


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Don’t overlook the expanded tax deduction for medical expenses

Be aware that although the lower threshold is in place for 2018, the standard deduction has nearly doubled for all taxpayers beginning this year. For example, the amount for married couples filing jointly is $24,000 for 2018, up from $12,700 in 2017. This means it’s less likely that itemizing will give you a bigger tax break than the standard deduction when you go to file your tax returns a year from now. For your 2017 returns, it’s worth exploring the IRS list of qualifying expenses. “If the pe


Be aware that although the lower threshold is in place for 2018, the standard deduction has nearly doubled for all taxpayers beginning this year. For example, the amount for married couples filing jointly is $24,000 for 2018, up from $12,700 in 2017. This means it’s less likely that itemizing will give you a bigger tax break than the standard deduction when you go to file your tax returns a year from now. For your 2017 returns, it’s worth exploring the IRS list of qualifying expenses. “If the pe
Don’t overlook the expanded tax deduction for medical expenses Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-04-09  Authors: sarah obrien, hero images, getty images
Keywords: news, cnbc, companies, dont, person, deduction, expenses, expanded, taxpayers, medical, qualifying, smith, dependent, care, overlook, returns, tax, standard


Don't overlook the expanded tax deduction for medical expenses

Be aware that although the lower threshold is in place for 2018, the standard deduction has nearly doubled for all taxpayers beginning this year. For example, the amount for married couples filing jointly is $24,000 for 2018, up from $12,700 in 2017.

This means it’s less likely that itemizing will give you a bigger tax break than the standard deduction when you go to file your tax returns a year from now.

For your 2017 returns, it’s worth exploring the IRS list of qualifying expenses. Although some health outlays might be obvious contenders — i.e., copays, prescription costs — others are more likely to be overlooked.

More from Personal Finance:

Here are five ways people cheat on their taxes

Don’t panic: Do this if you haven’t filed your taxes yet

Here’s what to do if you can’t pay your tax bill on time

For instance, Smith said, some taxpayers don’t realize that an elderly person in their care could qualify as a dependent if they meet certain conditions imposed by the IRS.

“If the person qualifies as a dependent, their medical expenses can be rolled into your return,” Smith said.

Another qualifying cost easily overlooked is what you spend to get yourself or your dependents to the doctor, whether that’s bus fare (or a similar expense) or the mileage on your car.

“It’s almost never a big number, but if you’re taking care of an ill elderly person who is a dependent, you could be doing a lot of driving around for medical purposes,” Smith said.

Remember, too, that long-term care premiums are deductible up to certain amounts, the value of which depends on your age (see chart below).


Company: cnbc, Activity: cnbc, Date: 2018-04-09  Authors: sarah obrien, hero images, getty images
Keywords: news, cnbc, companies, dont, person, deduction, expenses, expanded, taxpayers, medical, qualifying, smith, dependent, care, overlook, returns, tax, standard


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Facebook and Apple’s CEOs are exchanging barbs, but they’re clearly dependent on each other

Nearly all Facebook users are on mobile, and nearly 70 percent of all smartphone users use Facebook, according to January data from eMarketer. Still, many of the cheaper phones that will be used to access Facebook this year appear to be modeled after iPhones. And the allure of cheap messaging on Facebook is boosting the popularity of mobile phones, which in turn benefits Apple. If Apple were to nix Facebook, it would affect any Apple user that falls within the nearly 70 percent of smartphone use


Nearly all Facebook users are on mobile, and nearly 70 percent of all smartphone users use Facebook, according to January data from eMarketer. Still, many of the cheaper phones that will be used to access Facebook this year appear to be modeled after iPhones. And the allure of cheap messaging on Facebook is boosting the popularity of mobile phones, which in turn benefits Apple. If Apple were to nix Facebook, it would affect any Apple user that falls within the nearly 70 percent of smartphone use
Facebook and Apple’s CEOs are exchanging barbs, but they’re clearly dependent on each other Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-04-02  Authors: anita balakrishnan, andrew harrer, bloomberg, getty images
Keywords: news, cnbc, companies, smartphone, ceos, apps, phones, popular, exchanging, apple, barbs, mobile, nearly, clearly, theyre, users, facebook, apples, app, dependent


Facebook and Apple's CEOs are exchanging barbs, but they're clearly dependent on each other

But while Cook and Zuckerberg have some valid disagreements, each does benefit from the other’s success. Nearly all Facebook users are on mobile, and nearly 70 percent of all smartphone users use Facebook, according to January data from eMarketer.

To be sure, Apple doesn’t supply the majority of phones, as other platforms like Google, Amazon, and Chinese alternatives have grown. Still, many of the cheaper phones that will be used to access Facebook this year appear to be modeled after iPhones. And the allure of cheap messaging on Facebook is boosting the popularity of mobile phones, which in turn benefits Apple.

“Additionally, smartphones are becoming more widespread due to cheaper handsets and increasingly affordable data plans,” another eMarketer’s report said. “The number of smartphone users will grow by double digits in every market except North America this year….. A strong demand for messaging services and social media platforms like WhatsApp, WeChat and Facebook Messenger is driving the expansion of mobile internet access in these regions.”

So if “connecting” everyone is Zuckerberg’s primary concern, then Apple — which popularized the app-based smartphone interface — has most certainly played a role.

And in turn, while Apple certainly didn’t condone any of Facebook’s data woes — and may disagree with how Facebook makes money — Apple still helps facilitate that business model. There haven’t been any reports indicating that Facebook broke any of Apple’s privacy rules for the App Store during the recent scandal (unlike, say, Uber).

Facebook’s apps may be free, but Apple has a reason for hosting free apps: They increase the attraction of iOS. If Apple were to nix Facebook, it would affect any Apple user that falls within the nearly 70 percent of smartphone users on Facebook.

App Annie estimates that consumer spending on apps doubled in the past two years, and Facebook properties have been far and away the most popular apps by monthly active users. On Sunday, Facebook was the 12th-most popular app in the Apple App Store, compared to the 24th most popular app on Google Play.


Company: cnbc, Activity: cnbc, Date: 2018-04-02  Authors: anita balakrishnan, andrew harrer, bloomberg, getty images
Keywords: news, cnbc, companies, smartphone, ceos, apps, phones, popular, exchanging, apple, barbs, mobile, nearly, clearly, theyre, users, facebook, apples, app, dependent


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China doesn’t want trade war with US, its ‘very best customer’: Analyst

Beijing understands how dependent it is on the US market for growth: Pro 5 Hours Ago | 03:38Fears of a trade war with China may be spooking investors, but analyst Alan Tonelson told CNBC on Thursday he doesn’t see that happening. The Chinese embassy released a statement late Thursday saying China “would fight to the end … with all necessary measures.” Tonelson, the founder of the public policy blog RealityChek, called that statement as vague as it is pointed. “We’ve seen so far no indication o


Beijing understands how dependent it is on the US market for growth: Pro 5 Hours Ago | 03:38Fears of a trade war with China may be spooking investors, but analyst Alan Tonelson told CNBC on Thursday he doesn’t see that happening. The Chinese embassy released a statement late Thursday saying China “would fight to the end … with all necessary measures.” Tonelson, the founder of the public policy blog RealityChek, called that statement as vague as it is pointed. “We’ve seen so far no indication o
China doesn’t want trade war with US, its ‘very best customer’: Analyst Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-03-22  Authors: michelle fox, nelson ching, bloomberg, getty images
Keywords: news, cnbc, companies, doesnt, best, really, chinese, market, growth, customer, analyst, statement, dependent, understands, war, china, trade


China doesn't want trade war with US, its 'very best customer': Analyst

Beijing understands how dependent it is on the US market for growth: Pro 5 Hours Ago | 03:38

Fears of a trade war with China may be spooking investors, but analyst Alan Tonelson told CNBC on Thursday he doesn’t see that happening.

Earlier in the day, President Donald Trump signed an executive memo that slaps retaliatory tariffs on up to $60 billion of Chinese imports.

The Chinese embassy released a statement late Thursday saying China “would fight to the end … with all necessary measures.”

Tonelson, the founder of the public policy blog RealityChek, called that statement as vague as it is pointed.

“We’ve seen so far no indication of any really serious Chinese intent to retaliate in any significant way,” he said on “Closing Bell.”

“I have to assume Beijing understands very well how heavily dependent it is for adequate growth and for adequate job creation on retaining some access to the U.S. market, which means it really doesn’t want to start a trade war with its very best customer,” he added.


Company: cnbc, Activity: cnbc, Date: 2018-03-22  Authors: michelle fox, nelson ching, bloomberg, getty images
Keywords: news, cnbc, companies, doesnt, best, really, chinese, market, growth, customer, analyst, statement, dependent, understands, war, china, trade


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