Donald Trump supporters were left aghast — shocked! — last week when Professor Pamela Karlan had the nerve to wise crack about the president’s young son, Barron, during the impeachment hearing. After all, he’s just a kid. Greta Thunberg is also just a kid, but that didn’t stop Trump from roasting her on Twitter.

After chairing the central bank’s governing council, she signalled continuity with the loose monetary policies designed by her predecessor Mario Draghi. But she also indicated that she would stick to her own style of communicating with market

The Dow Jones Industrial average was sharply higher in early Thursday after President Trump tweeted the U.S. was "very close" to a trade deal with China.

Thursday's morning session saw 348 companies set new 52-week highs. Noteworthy Mentions: Apple (NASDAQ: AAPL) was the ...

The financial details weren't disclosed but the auto giant reportedly plans to use Aeva's lidar sensors on Volkswagen ID Buzz buses for use as autonomous taxis.

Total iPhone shipments in China in the September-November period dropped 7.4% from a year earlier, Credit Suisse analyst Matthew Cabral said, citing data from China's Ministry of Industry and Information Technology. The latest iPhone 11 range hit stores in China in September, with short queues of die-hard fans contrasting with the hundreds who camped out ahead of some previous launches.

Commission-free stock trading startup Robinhood said on Thursday that its users will be able to invest in fractional shares via its app, a move that further intensifies competition in the online discount brokerage market.

After making commission-free investing an industry norm, Robinhood is helping customers trade fractions of stocks.

New European Central Bank President Christine Lagarde on Thursday projected an optimistic tone after the central bank left interest rates unchanged.

Netflix (NFLX) is facing significant challenges from Apple and Disney in the streaming space.

(Bloomberg) -- Apple Inc. has recently seen weak iPhone sales in China, according to Credit Suisse, adding to recent caution about the region.Shipments of the iPhone fell 35.4% on a year-over-year basis in November, “significantly lagging the 0.2% y/y increase in the broader Chinese smartphone market,” analyst Matthew Cabral wrote to clients, citing MIIT data. Cabral has a neutral rating and $221 price target on the stock.While monthly data is “volatile” and the timing of recent iPhone launches could be skewing comparisons, “the drop in November marks the second straight double digit decline.” This “sustained softness” is “an incremental concern,” although Credit Suisse is reluctant to extrapolate the trend to other regions.Shares of Apple fell as much as 1.3% on Thursday, though the stock pared those declines after President Donald Trump tweeted that the U.S. was “getting VERY close to a BIG DEAL with China.” Apple shares have been highly correlated to issues surrounding the U.S.-China trade war.Credit Suisse wrote that the lower-priced iPhone 11 was the most popular model, following similar commentary from KeyBanc Capital Markets about North America and Western Europe. The lower average selling price of this model “likely adds further pressure to Apple’s Greater China sales,” Credit Suisse wrote.The comments come after UBS wrote that “overall iPhone demand in China was down ~35% YoY in the month of November,” a trend that was “likely impacted” by the timing of model launches.“If we look at the data over the last five months, which normalizes the impact of launch timing, iPhone shipments are down 5% versus 3.3% overall market decline,” wrote analyst Timothy Arcuri in a note dated Dec. 11. UBS has a buy rating and $280 price target on Apple.Apple derived nearly 17% of its 2019 revenue from the greater China region, according to data compiled by Bloomberg. The iPhone accounted for nearly 55% of its total 2019 revenue.Earlier this week, Rosenblatt Securities wrote that Apple may cut production of its iPhone 11 Pro and iPhone 11 Max by about 25%, due to weaker demand for the two models.(Updates stock to market open in fourth paragraph, adds Trump tweet)To contact the reporter on this story: Ryan Vlastelica in New York at rvlastelica1@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Steven FrommFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

AMD launches new Radeon Pro W5700X GPU for Mac Pro users. The configuration enables tackling heavy workloads.

InvestorsObserver issues critical PriceWatch Alerts for AAPL, BA, MA, QCOM, and SWKS.

Tik Tok-parent ByteDance's new music app Resso is expected to challenge the dominance of Spotify (SPOT) and Apple in the music streaming space.

* Futures down: Dow 0.11%, S&P 500 0.03%, Nasdaq 0.08% (Adds comments, updates throughout)

Goldman Sachs says that stocks with low ratios of labor costs to revenue are poised to be market leaders amid a tight job market.

* Apple's support giving reassurance to other investors -sources

Smart speaker market in Asia-pacific (APAC) region is gaining steam on the back of growing efforts by Amazon (AMZN), Google, Alibaba, Baidu and Apple.

Cisco (CSCO) ups its game in networking chip market with Silicon One Q100, putting Broadcom, Intel, Arista Networks, and Juniper Networks at risk.

Credit Suisse analyst Matthew Cabral wrote Thursday that Apple Inc.'s November iPhone sell-in dropped 35.4% in China last month, citing third-party data. The stock is off 0.9% in premarket trading. "We recognize monthly data can be volatile and the shift in launch timing versus last year is likely skewing year-over-year compares; however, the drop in November marks the second straight double digit decline (-10.3% year over year in October) and total shipments in China since the launch of the iPhone 11 family are now down 7.4% year over year (September to November)," he wrote. Cabral said the popularity of Apple's cheaper iPhone 11 model in China "likely adds further pressure" to Apple's China sales. "In addition, the looming Dec 15th deadline for 15% tariffs imposed on the vast majority of Apple's portfolio (including iPhone, iPad, and Mac) remains a potential overhang," he wrote. "Our (and we believe investors') base case continues to factor in a favorable resolution (i.e., no tariffs); however, we think Apple would have a difficult time pushing through tariff-related price increases to US consumers (~35% of CY18 iPhone units, per Gartner) without a commensurate impact on demand." Cabral rates the stock at neutral with a $221 target price. Apple shares have risen 72% so far this year, as the Dow Jones Industrial Average has increased 20%.

Oracle is pushing hard to play catch up in the cloud. We’ll get an update on its progress after the close on Thursday.

(Bloomberg) -- Saudi Aramco shares rose for a second day, but the oil giant failed to hold on to the $2 trillion valuation that Crown Prince Mohammed bin Salman had long targeted.The stock climbed 4.6% to close at 36.80 riyals in Riyadh, finishing at $1.96 trillion. Aramco earlier rose as much as 10%, the daily limit, in trading of 418 million shares, up from 31.6 million Wednesday.The gain, which follows a 10% surge on Wednesday, reflects the kingdom’s efforts to engineer a successful start to trading after international investors balked at the price in the initial public offering. Saudi Arabia encouraged local individuals to purchase and hold the stock through cheap loans and a bonus-share plan, while pushing wealthy families and regional allies to buy as well.The offering consisted of only 1.5% of Aramco’s stock, so that investors who didn’t get allocated shares in the IPO had to buy in the secondary market.“We were expecting this IPO to be a blockbuster, and the performance in the past two days shows that was the case,” said Vijay Valecha, chief investment officer at Century Financial Consultancy LLC in Dubai, who has high-net-worth individuals from the Gulf among his clients. “From the appetite we see for the stock, there is room for it to climb another 10% to 18% next week.”Aramco raised $25.6 billion in the deal, selling shares at 32 riyals each and overtaking Microsoft Corp. and Apple Inc. as the most valuable listed company.The IPO has become synonymous with the crown prince and his efforts to reshape the economy of the world’s biggest oil exporter. But his insistence on the $2 trillion valuation deterred international investors, many of whom said the stock was too expensive given governance and geopolitical concerns.Analysts at Sanford C. Bernstein & Co. said after the first trading day that it’s already time to cash out. In a Bloomberg survey last month, global money managers put Aramco’s fair value at between $1.2 trillion and $1.5 trillion.While hitting the target may vindicate Saudi officials, it could complicate any plans to sell part of Aramco’s shares abroad as originally envisaged by Prince Mohammed in 2016, when he said a dual listing could raise as much as $100 billion. Saudi officials met in recent weeks with international investors to sound them out on a possible listing of Aramco’s shares in Asia, the Wall Street Journal reported Wednesday.Still, the IPO -- touted as part of a blueprint for life after oil for the kingdom -- is a watershed moment for a business that’s bankrolled Saudi Arabia and its rulers for decades.The debut was cheered by Saudi and Gulf investors, who see the stock price supported by Aramco’s guaranteed dividends, buying by index-tracking funds and the fact that the region doesn’t have any other listed major oil companies.Read: The Wall Street Bankers Who Burst Aramco’s $2 Trillion BubbleAramco’s “$2 trillion valuation is justified due to secured dividend streams,” Arqaam Capital analysts including Rita Guindy and Jaap Meijer wrote in a report on Wednesday in which they initiated coverage with a buy recommendation and price target of 39.20 riyals.Arqaam expects a gradual increase of 2% annually in the dividend, potentially being topped up by a special payout of $20 billion in the next three years.(Updates with closing price in second paragraph.)\--With assistance from Paul Wallace.To contact the reporter on this story: Filipe Pacheco in Dubai at fpacheco4@bloomberg.netTo contact the editors responsible for this story: Celeste Perri at cperri@bloomberg.net, Phil Serafino, Tom LavellFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

Apple shares were already sliding in the pre-market session as tariff fears re-emerged but a report from Credit Suisse that iPhone shipments fell meaningfully in November sparked considerably more selling pressure.

The iPhone maker is taking on more of the burden of making sure its chips work exactly like they need to.

Saudi Aramco stock touched $2 trillion in market cap on its second day of trading, after an IPO that valued the state-run oil giant more than Apple.