Trump, Apple Announced Fresh $100 Billion US Investment

<p>Watch Bloomberg Businessweek Daily every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.<br /><br />President Donald Trump announced that Apple Inc. will commit to spending another $100 billion on domestic manufacturing, the latest pledge by the tech giant to increase US production of its products as it seeks to avoid punishing tariffs on its flagship iPhones.<br /><br />The announcement at the White House on Wednesday included a new manufacturing program designed to bring more of Apple&rsquo;s supply chain to the US, with an eye toward assembling additional critical components domestically, according to a White House official who detailed the announcement on the condition of anonymity. Apple Chief Executive Officer Tim Cook attended the event.&nbsp;<br /><br />The company had previously announced it plans to spend $500 billion in the US over the next four years, which will include work on a new server manufacturing facility in Houston, a supplier academy in Michigan and additional spending with its existing suppliers in the country. Wednesday&rsquo;s announcement brings Apple&rsquo;s cumulative commitment to $600 billion, the White House said.<br /><br />Today's show features:</p> <ul> <li>Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman on Apple&rsquo;s $100 billion US investment and Tim Cook&rsquo;s visit to the White House</li> <li>Bloomberg Intelligence Global Equity Strategist Associate Gillian Wolff on her latest market research</li> <li>Bloomberg Intelligence Senior Media Analyst Geetha Ranganathan on Disney&rsquo;s quarterly earnings report</li> <li>Amy Rubenstein, CEO of Clear Investment Group, on the distressed real estate market</li> </ul><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>