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Bloomberg Intelligence

US Services Index Shrinks, Jobs Report, Apple Earnings

May 3, 2024
Experts like Anthony Nieves and Henrietta Treyz dive into ISM Services data and the U.S. jobs report. Carol Pepper shares market outlook, while Tom Gimbel discusses April jobs and hiring in the US. Anurag Rana gives a recap of Apple earnings.
30:28

Podcast summary created with Snipd AI

Quick takeaways

  • Positive response to Apple's earnings spiked stock rally, signaling market confidence.
  • Potential Apple-Google AI collaboration may mitigate regulatory challenges and enhance AI capabilities.

Deep dives

Apple's Quarterly Performance and Market Reaction

Apple's recent quarterly earnings results sparked a rally in the stock, seeing an almost 18-month high with a 6% increase. Despite initial pessimism, the positive news led to a favorable stock response. Tim Cook's statement on Apple's performance in China contradicts third-party data, fueling a debate on accuracy. The $110 billion buyback announcement was received with cautious optimism as the company is consistent in buyback strategies.

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