Trump Says He Called CEO Tim Cook After Apple Announced US Jobs

20 January, 2018, 11:25 | Author: Darnell Taylor
  • Reno Mayor Hillary Schieve Apple CEO Tim Cook and Nevada Gov. Brian Sandoval attend a groundbreaking ceremony on Wednesday

Apple's CEO Tim Cook doesn't like Donald Trump. Apple plans to repatriate nearly $250 billion of its overseas cash, while it will also give employees $2,500 worth of restricted stock units.

Apple announced on Wednesday it is investing billions in American manufacturing, and will spend $30 billion in capital expenditures.

Revealing the news in a press release entitled 'Apple accelerates U.S. investment and job creation', the scheme will also look to create a brand new campus - powered entirely by "green energy" - to house the 20,000 or so fresh workforce in, all by 2023.

But Cook also made a point to credit other motivations for Apple's move to contribute $350 billion to the US economy through paying a one-time tax of $38 billion as it brings back the vast majority of overseas cash holdings that are estimated as high as $250 billion; investing $30 billion more in capital spending in the USA; building a new domestic campus; creating 20,000 jobs; and paying the stock bonus. The U.S. President was practically on cloud nine after Apple unveiled its ambitious investment plan that he personally called and thanked Mr. Cook. He then said he didn't believe at first that it was $350 billion, but thought instead it was $350 million. Now, Axios has obtained the full text of the email Tim Cook sent to Apple employees regarding today's announcements... It will announce the location later this year.

More importantly, Apple's repatriation and reinvestment plan would lead other companies to do the same. Trump also said he doesn't "imagine there's ever been an investment that big in this country by a company". "They're gonna build plants, they're gonna build a big campus, they're really going to town, so we want to thank Apple".

"We've narrowed the list a lot", Cook said in an interview with ABC News as he discussed the potential sites for the new green-energy campus.

Trump Administration Pushing For Jerusalem Embassy Move By Next Year
Arafat's wife, Suha, was infamous for her spurious allegation that Israel somehow was poisoning young Palestinians. Pence is very close to this community and is often seen as its chief advocate in the Trump administration.

Government Properties Income Trust (NYSE:GOV) Stock Price Up as Sentiment Worsens
Cetera Advisor Networks Ltd Limited Liability Company has 0.05% invested in Government Properties Income Trust (NASDAQ:GOV). After $-1.07 actual EPS reported by Hess Corporation for the previous quarter, Wall Street now forecasts -3.74% EPS growth.

Microchip Technology Incorporated (MCHP) stock ends Yesterday with change of 1.32%
Valeo Financial Advisors LLC acquired a new stake in Microchip Technology in the 3rd quarter valued at approximately $146,000. When applying indicators for technical analysis, traders and investors might want to examine the ATR or Average True Range .

After the speech, Trump continued to praise Apple on its announcement on Twitter.

"I promised that my policies would allow companies like Apple to bring massive amounts of money back to the United States", the president wrote.

Apple did not indicate how much, if any, of its cash it would actually bring back to the United States. While those taxes appear to cover almost all of Apple's massive cash hoard, the company has not revealed whether that cash will be used on US acquisitions, research, or dividends and stock buybacks. "Huge win for American workers and the United States of America!"

An Apple spokesman confirmed that the company does not plan to hold a bidding process for the new campus, after Apple chief executive Tim Cook said on Wednesday that he did not want "an "auction kind of process".

"I hope - I have that faith - that it will be used for great objective for the country, whether that's infrastructure or education, or what have you, that will further supply jobs in the U.S", Apple said about the $38 billion tax payment.


  • Sherwin-Williams (NYSE:SHW) Receives New Coverage from Analysts at Deutsche Bank

    It is negative, as 60 investors sold SHW shares while 210 reduced holdings. 104 funds opened positions while 332 raised stakes. Mount Vernon Assoc Incorporated Md invested 0.5% of its portfolio in Genworth Financial, Inc. (NASDAQ:AAPL) for 75,000 shares.

    Sherwin-Williams Co (SHW) Position Lifted by National Pension Service

    The stock of The Sherwin-Williams Company (NYSE:SHW) earned "Buy" rating by RBC Capital Markets on Wednesday, December 13. FBR Capital maintained Vocera Communications, Inc. (NYSE:KAR) earned "Buy" rating by Jefferies on Wednesday, June 14.

    Today's Brokerage Rating: Opko Health, Inc. (OPK), Cytori Therapeutics, Inc. (CYTX)

    Cytori Therapeutics (NASDAQ: CYTX ) shares traded 18.31% up during most recent session to reach at the closing price of $0.42. Checking six months period the stock's performance declined -68.86% while yearly performance is at -76.80%.
  • DENTSPLY SIRONA (XRAY) Receiving Somewhat Favorable News Coverage, Study Finds

    On a percent-of-sales basis, AKER's free cash flow was -0.1% while XRAY converted 2.88% of its revenues into cash flow. In other news, Director Eric Brandt sold 6,409 shares of the business's stock in a transaction on Monday, January 8th.
    New cancer test could save thousands of lives

    New cancer test could save thousands of lives

    The test detects mutations in 16 genes tied to cancer and measures eight proteins that often are elevated when cancer is present. The new test aims to detect eight cancers: lung , breast, colon, pancreas , liver , stomach , ovary and esophagus.

    Taking a Look at the Data Behind Symantec Corporation (SYMC)

    A number of large investors have recently modified their holdings of SYMC . 55 funds opened positions while 133 raised stakes. That's why Investor's Business Daily makes it easy with educational tools , stock lists , research , Leaderboard and more.
  • Kilroy Realty Corp (NYSE:KRC) Move as Institutional Investors' Sentiment Up

    Baird downgraded shares of Kilroy Realty from an "outperform" rating to a "neutral" rating in a report on Monday, January 8th. Cypress Capital Mgmt Limited (Wy) holds 0.02% of its portfolio in Western Digital Corporation (NASDAQ:WDC) for 200 shares.
    'That's So Raven' Star Orlando Brown Arrested For Battery After Family Dispute

    'That's So Raven' Star Orlando Brown Arrested For Battery After Family Dispute

    Authorities came to the 30-year-old's apartment in Barstow, California following a heated argument between the three individuals. Henson was booked for her warrant and for being under the influence of a controlled substance, officials said.

    Shares Seesawing on Volume: Lloyds Banking Group Plc (LYG) Move 0.50%

    The Security Capital Research & Management Inc holds 7.03 million shares with $137.40 million value, up from 1.80M last quarter. Driehaus Capital Management Llc decreased Medical Properties Trust Inc (MPW) stake by 77.89% reported in 2017Q3 SEC filing.
  • Price Target Analysis of Inc. (OSTK)

    Renaissance Tech Limited Liability Com holds 0.03% of its portfolio in, Inc. (NASDAQ: OSTK ) or 209,531 shares. Returns and Valuations for, Inc. (NASDAQ: OSTK ) was sold by JOHNSON JONATHAN E III on Friday, September 1.

    Shedding Light On Growth Forecasts For Steel Dynamics, Inc. (NASDAQ:STLD)

    A month ago, they told us to expect earnings of US$0.79 per share while three months ago their EPS consensus estimate was US$0.74. State Of Tennessee Treasury Department invested 0.01% of its portfolio in LendingTree, Inc. (NASDAQ: STLD ) for 439,955 shares.
    Machine Gun Kelly to play Tommy Lee in 'The Dirt'

    Machine Gun Kelly to play Tommy Lee in 'The Dirt'

    Motley Crue combined hard rock, heavy metal, and glam rock, going on to sell more than 100 million albums worldwide. This is the closest the film has come to moving toward production after years of jumping from studio to studio.


Radian Group Inc (NYSE:RDN) Institutional Investor Sentiment Analysis
About 1.14M shares traded or 9.57% up from the average. (NASDAQ:PAAS) has risen 17.69% since January 19, 2017 and is uptrending. The firm earned "Buy" rating on Wednesday, July 19 by Northland Capital. (NYSE: RDN ) to report earnings on January, 25.

Analysts See $0.95 EPS for Marsh & McLennan Companies, Inc. (MMC)
Ironwood Inv Counsel Limited, Arizona-based fund reported 5,059 shares. 132,463 were accumulated by Nomura Asset Mgmt Com Limited. It improved, as 18 investors sold MCO shares while 182 reduced holdings. 35 funds opened positions while 41 raised stakes.

India's entry into Australia Group reaffirms non-proliferation credentials: PM Modi
The inclusion is expected to raise India's stature in the field of non-proliferation and help in acquiring critical technologies. India would like to thank each of the AG participants for their support for India's membership.

Mexico & Canada Coming To Verizon Go Unlimited Plan
If you're on Verizon's Go Unlimited plan, you won't have to worry about extra talk, text, and data charges during your trip. With Go Unlimited, Verizon throttles all smartphone video streaming to DVD-quality 480p and caps tablet streaming at 720p.

Dr. Ronny Jackson's glowing bill of health for Trump
Sanjay Gupta - the doctor in the room who did not examine the president - later diagnosed the President on-air. It's one of several quick tests that can screen people for MCI or dementia.

Apple Plans To Create 20000 Jobs And Build New Campus
Nonetheless, Apple is one of many companies that have upped expectations for US investment amid scrutiny of Silicon Valley. So, thanks to Trump's tax reform, those Republicans may get to secure their job come the midterm election this year.

Recent Institutional Activity: Eli Lilly and Company (LLY), CenterPoint Energy, Inc. (CNP)
Zacks Investment Research downgraded Eli Lilly and from a "buy" rating to a "hold" rating in a report on Monday, October 30th. MA now owns 7,001 shares of the company's stock valued at $576,000 after buying an additional 325 shares during the period.

Investors Buy Shares of Chevron (CVX) on Weakness
Following the sale, the insider now directly owns 42,182 shares of the company's stock, valued at approximately $5,019,658. Stonebridge Capital Advisors Llc bought 3,701 shares as the company's stock declined 3.45% while stock markets rallied.

OnePlus 5T Lava Red Edition sale from today: Price, launch offers, specifications
The launch of their first-ever authorized offline store is coinciding with the launch of the Lava Red edition of the OnePlus 5T . The OnePlus 5T sports a 6.01-inch full-HD + (1080x2160 pixels) Full Optic AMOLED display with an aspect ratio of 18.5:9.

(NASDAQ:COST) Shares Bought by Peregrine Asset Advisers Inc
Northwest Investment Counselors LLC purchased a new stake in Costco Wholesale in the 2nd quarter worth approximately $107,000. Hudock Capital Gp Ltd Liability Corporation has 0.02% invested in Costco Wholesale Corporation (NASDAQ:COST) for 323 shares.