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Bloomberg Intelligence
Apple Shares Rise to a Record, Fed Meeting
Jun 11, 2024
Angelo Zino discusses Apple's WWDC news, Ira Jersey anticipates US CPI data and Fed meeting, Marcus Ashworth covers Macron's investor faith. Recruitment challenges in US labor market also discussed.
35:33
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Quick takeaways
- Apple's stock hits new highs driven by AI upgrades, promising potential upside in iPhone 16 cycle.
- Mandating on-site work poses challenges in retaining employees, particularly in sectors like hospitality and transportation.
Deep dives
Apple's Stock Performance and Innovations
Apple's stock experienced a significant increase, reaching all-time highs and a $3 trillion market cap. The company's updates, including AI enhancements, are expected to drive consumer upgrades and provide new capabilities. Investors are optimistic, anticipating potential upside in the iPhone 16 cycle.
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Discover
highlights
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