Bloomberg Surveillance Single Best Idea with Tom Keene: Craig Moffett & Richard Clarida
Jan 8, 2025
Discover the surprising impact of recent events like the Los Angeles fires and new research on Greenland's size. Learn how a key media figure is shaping tech stock advice. Dive into Apple's struggles amid economic challenges, including regulatory pressures and conditions in China. This conversation emphasizes the connection between economic health and mental well-being, showcasing the importance of mental health support in today’s landscape.
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Apple's Overvaluation
- Craig Moffitt issued a sell rating on Apple, citing concerns about its valuation.
- He believes negative news, like potential tariffs and legal challenges, isn't reflected in the current price.
Tariff Economics
- Richard Clarida discussed the negative economic impact of tariffs.
- He highlighted the deadweight loss they create, exceeding government revenue gains.