May 20, 2018

Apple CEO Advised Trump Against China Tariffs

15 May 2018, 07:28 | Marlene Myers

YouTube Duke University

Tim Cook at Duke

Federal courts have since ruled that the Trump administration did not have the authority to end the program, leaving the more than 1 million immigrants who benefit from it in limbo. "Peer-to-Peer Conversations", Cook acknowledged that previous trade policies were flawed but said Trump's move is also problematic. He touted the "fearless" behavior of a wide swath of leaders, including the Marjory Stoneman Douglas High School students-turned-gun control activists, as well as his former boss and mentor, Steve Jobs.

Being the CEO of one of the world's most iconic, and therefore most powerful, tech company has ceased to be just an executive and management position. "And no generation has a chance to change things faster than yours can", said Cook to the more than 5,500 students who graduated.

Apple has been more supportive of a Trump-backed law that slashed corporate taxes. Apple is not flawless, by any stretch of the imagination, and the company certainly has other issues to contend with as well.

Cook is making it clear that consumers can trust Apple's brand, Jillian Manus of Structure Capital General Partners said Monday during CNBC's "Squawk on the Street".

"We're also going to buy some of our stock because we view our stock as a good value", Cook told Rubenstein in the interview.

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This comment echoed with this year's Facebook data controversy, which Cook heavily criticized after it was revealed that political data analytics firm Cambridge Analytica was able to breach into the data and information of almost 90 million Facebook users. "Be the last people to accept things as they are and the first ones to stand up and change them for the better". At its current trajectory, Apple Music is on track to overtake Spotify for paying customers in the USA this summer.

Apple disclosed 40M subscribers in April.

Rubenstein co-founded Carlyle Group LP, a private-equity firm that invested in the Beats consumer-electronics and streaming businesses.

The interview will also cover Apple's original content efforts. "But it's clearly an area of interest".

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