Bloomberg Intelligence Apple Will Add 20,000 US Jobs Amid Threat from Trump Tariffs
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Feb 24, 2025 Victoria Fernandez, Chief Market Strategist at Crossmark Global Investments, shares her insights on the current market landscape. She discusses Apple's bold announcement to create 20,000 U.S. jobs while navigating the complexities of tariff discussions and its relationship with the Trump administration. The conversation shifts to the importance of the copper market and its role in global electrification, along with strategies for investors amid market fluctuations. Fernandez also touches on the impact of influential figures like Elon Musk on economic policies.
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Apple's Strategic Investment
- Apple announced a $500 billion U.S. investment over four years and 20,000 new jobs.
- This follows concerns about tariffs from the Trump administration.
Investment Strategy
- Apple's investment announcement seems strategic, aiming to appease President Trump and avoid tariffs.
- While presented as a response to Trump's policies, Apple's U.S. investments have been ongoing.
Copper, Tariffs, and Global Growth
- Freeport-McMoRan benefits from higher U.S. copper prices due to tariffs.
- However, they are concerned about the potential negative impact of tariffs on global growth and copper demand from China.