Apple Explores Robots as ‘Next Big Thing’ After Car Fizzles
Apr 4, 2024
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Mark Gurman discusses Apple's exploration of personal robotics and potential innovations in the field. Craig Silliman talks about using AI in communication services. Pete Robison shares insights on Boeing's culture fix. Gargi Chaudhuri provides investment advice for Q2.
Apple considers personal robotics as their next big thing after the car initiative, highlighting their diverse innovation pursuits.
BlackRock recommends focusing on quality in equity portfolios, especially in sectors like technology, healthcare, and financials for promising prospects.
Deep dives
Effect of Oil Prices on Stock Market Movement
Recent comments by Fed speakers on interest rates and the rise in oil prices are causing investors to observe the stock market fluctuations. The spike in Brent crude prices is particularly concerning, potentially impacting inflation and consumer sentiment. The sustainability of the energy price rally and its effects on interest rates and consumer spending are key factors to monitor.
Financial Market Outlook for Q2 2024
In BlackRock's Q2 outlook, the recommendation is to focus on quality in equity portfolios, favoring stable earnings growth, free cash flow, and low financial leverage. Sectors like technology, healthcare, and financials offer promising prospects. Emphasis is on income generation within fixed income portfolios, prioritizing higher quality segments and maintaining short duration for interest rate sensitivity.
Investing Strategy in Financial Sector
Within the financial sector, BlackRock advises investors to stay in high-quality segments, benefiting from factors like capital markets reopening and yield curve steepening. Large banks, brokers, and quality financial assets are suggested for potential growth. Despite considering tech and communication services, a positive outlook is noted for financials, particularly emphasizing quality stocks.
Impact of Energy Prices on Consumer Sentiment
Rising energy prices, such as Brent crude's recent spike, have substantial implications for consumer sentiment, potentially influencing spending behavior and economic outlook. Higher oil costs may seep into core inflation, affecting various goods and services costs. Consumer sentiment is closely tied to energy expenditure, with increasing costs potentially dampening optimism and affecting future spending patterns.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg News Chief Technology Correspondent Mark Gurman breaks down Apple investigating a push into personal robotics, a field with the potential to become one of the company’s ever-shifting “next big things." Craig Silliman, President of Verizon Global Services, discusses using AI to power the communications business. Bloomberg News Projects and Investigations Reporter Pete Robison shares the details of his Businessweek Magazine story Fixing Boeing’s Broken Culture Starts With a New Plane. And we Drive to the Close with Gargi Chaudhuri, Chief Investment and Portfolio Strategist, Americas at BlackRock. Hosts: Carol Massar, Tim Stenovec and Jess Menton. Producer: Paul Brennan.