30 – News Rundown: Trump concerned over future meddling, Apple worth $1 Trillion, and Tesla Stock goes down

The Jay Doherty Podcast

News Rundown

The Week of Thursday, August 2

Episode 30

Detailed coverage of all of these events in text can be found at The Doherty Files

Trump suddenly says he’s ‘very concerned’ about 2018 Russian interference

President Donald Trump, said Tuesday that he is “very concerned” that Russia will look to impact the 2018 midterm elections. This is coming just after a week of downplaying Russian interference. Trump also said he believes Moscow will look to boost Democrats this time.

Trump offered no evidence to back up his claim. In a tweet though, he said”I’m very concerned that Russia will be fighting very hard to have an impact on the upcoming Election. Based on the fact that no President has been tougher on Russia than me, they will be pushing very hard for the Democrats,” “They definitely don’t want Trump!”

 

U.S. Intelligence Officials now warning for future potential election meddling

 

  • The leaders of four U.S. intelligence agencies reaffirm the “pervasive” and “ongoing” threats from foreign actors, including Russia, to interfere in upcoming U.S. elections.
  • Some top officials say President Donald Trump has directed a governmentwide initiative to protect American elections in the wake of Russia’s interference in the 2016 presidential vote, directly contradicting his previous baseless denials of Russia interfering
  • When U.S., Director of National Intelligence Dan Coats was asked if the meddling was predicted to benefit one party he said that country is “looking for every opportunity, regardless of party,” to meddle in elections.

This prompted mostly positive response from some left-wing senate members. For example, Senator Dan Coats saying in a tweet “

John Bolton, one of Trump’s national security advisors said this at that same press conference:

As Elon Musk tweets, Tesla stock goes down

Shares are down more than 3% after The Wall Street Journal reported that Tesla is asking some suppliers for for partial refunds which again resembles cash loss throughout the company.

 

Partially because Tesla spent around 700 million dolars and its cash reserves dipped 20%. However Musk ensures everyone that the company will definitely be profitable this quarter and the next.

Musk then tweeted confirming the company was asking suppliers for money saying “Only costs that actually apply to Q3 & beyond will be counted. It would not be correct to apply historical cost savings to current quarter.”

Apple is now the first 1,000,000,000,000 dollars.

The tech company achieved that big number on Thursday when the stock passed $207.04 a share. The company also brought a new all-time high is $208.38. Apple is now up more than 20% this year.

Even though some think Apple needs a new product to keep sales and profits booming, Apple has rallied past the trillion level thanks to solid sales of the iPhone 8 and X — particularly in China and Japan — and surging services revenue from the App Store. New iPhones and other devices are expected to be announced in September of this year.

That’s all we have for The Jay Doherty Podcast News Highlights of The Week. Be sure to follow the podcast online at jay-doherty.com and subscribe in all of your favorite podcast directories like iTunes and Stitcher Radio for new episodes every week.

Sources include: CNN, CNBC, The Verge, MSNBC, and other trusted content partners of Jay Doherty Enterprises

Image Credit: The Economist

 

Jay Doherty

2018

 

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