Michigan Midterms, Apple Earnings & the Tech Selloff

The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Edward Jones Head of Investment Strategy Mona Mahajan, Detroit Regional Chamber President & CEO Sandy Baruah, North Rosedale Park Civic Association Vice President Eric Henry, Sperling Economic Strategies President Gene Sperling, Detroit Future City CEO Anika Goss, Morgan Stanley Investment Management Senior Portfolio Manager Andrew Slimmon, M12 Managing Partner Cheryl Cheng, Asymco Founder & Managing Director Horace Dediu, Seaport Research Partners Senior Analyst Jay Goldberg, IDC Senior Director, Data & Analytics Nabila Popal, & Maxim Group Managing Director & Senior Consumer Internet Analyst Tom Forte.

Chapters:

00:00:00 Bloomberg The Close

00:04:40 Edward Jones on Market Rotation, AI & Oil

00:10:03 Michigan Economy, Tariffs & the Senate Race

00:16:39 Detroit Voters on Affordability, Jobs & the Midterms

00:22:35 Gene Sperling on Inflation, the Fed & Affordability

00:28:52 Detroit Future City CEO on Jobs & Economic Growth

00:35:25 Morgan Stanley on Tech Rotation & the AI Trade

00:40:39 AI Leverage, Data Centers & Higher Interest Rates

00:45:17 The Closing Bell

00:49:00 Palantir Earnings & Tech Stocks Enter Correction

00:50:45 M12 on AI Startups, Enterprise Demand & ROI

00:55:14 AI Regulation, Startups & U.S.-China Competition

00:58:03 Apple Earnings Preview & the Consumer Outlook

01:03:46 Apple CEO John Ternus Faces His First Earnings Call

01:10:24 Apple Earnings: Revenue & iPhone Sales Beat Estimates

01:15:22 Apple’s AI Strategy, China & Capex Outlook

01:19:03 iPhone Demand, China & the Smartphone Market

01:24:59 iPhone 18 Pro, Duo & Apple’s Product Strategy

01:29:29 Apple’s AI Spending, Cash Flow & Big Tech Advantage

01:32:18 Apple Earnings Recap & Midterms Ahead

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