Meta & Amazon Surge; Apple Falls on China Concerns
February 2, 2024
22 min
Full
847 of 1,713
February 2, 2024
Meta & Amazon Surge; Apple Falls on China Concerns
0:00 / 22:20
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Bloomberg Television Episodes Around February 2, 2024
Episode 847 of 1,713 — walk the feed in the order it was published.
22:20This episodeMeta & Amazon Surge; Apple Falls on China Concerns
Summary
<p>On today's podcast:</p> <p>1) <a href="https://www.bloomberg.com/news/articles/2024-02-02/meta-amazon-job-cuts-and-belt-tightening-pay-off-for-investors">Meta Platforms Inc. and Amazon.com Inc. spent 2023 cutting costs and re-focusing their businesses</a>. It was a strategy that upended the lives of tech workers in Seattle and Silicon Valley, but appears to have paid off handsomely for investors who are likely to continue reaping benefits.</p> <p>2) Apple Inc.’s latest <a href="https://www.bloomberg.com/news/articles/2024-02-01/apple-reports-first-sales-gain-in-a-year-despite-slump-in-china">quarterly results</a> triggered investor fears that the company is losing clout in China, a long-prized market that generates roughly a fifth of its sales.</p> <p>3) <a href="https://www.bloomberg.com/news/articles/2024-02-02/us-jobs-report-to-show-slower-hiring-pace-after-annual-revisions">A monthly US jobs report due Friday</a> will probably show a slower pace of hiring in 2023 following annual revisions, according to Bloomberg Economics.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>
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