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Stockreport

Joe Tsai, Co-Founder of Alibaba, Says That There's A 'Wealth Effect' From Property Downturn [Yahoo! Finance]

Apple Inc. (AAPL)  More Company Research Source: Yahoo! Finance
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
In an interview with Norges Bank Investment Management, Tsai spoke about all things wealth, including consumer confidence during property downturns. He provided context on the Chinese economy, explaining that it makes up about 31% of global production, but its consumers participate in around 14% of global consumption. Compared to the U.S., with consumption over 70% in the global economy, Tsai feels that "Chinese consumers need to come into more significance and rival that of Western developed markets." Don't Miss: Warren Buffett flipped his neighbor's $67,000 life savings into a $50 million fortune — How much is that worth today? Can you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you Tsai explained that when the housing market experiences a property downturn, it can erode consumer confidence, especially if money and investments are tied up in that property. The wealthy spend less because they don't feel as wealthy. Tsai claims [Read more]
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Stockreport

Joe Tsai, Co-Founder of Alibaba, Says That There's A 'Wealth Effect' From Property Downturn [Yahoo! Finance]

Apple Inc.  (AAPL) 
More Company Research Source: Yahoo! Finance
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
In an interview with Norges Bank Investment Management, Tsai spoke about all things wealth, including consumer confidence during property downturns. He provided context on the Chinese economy, explaining that it makes up about 31% of global production, but its consumers participate in around 14% of global consumption. Compared to the U.S., with consumption over 70% in the global economy, Tsai feels that "Chinese consumers need to come into more significance and rival that of Western developed markets." Don't Miss: Warren Buffett flipped his neighbor's $67,000 life savings into a $50 million fortune — How much is that worth today? Can you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you Tsai explained that when the housing market experiences a property downturn, it can erode consumer confidence, especially if money and investments are tied up in that property. The wealthy spend less because they don't feel as wealthy. Tsai claims [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AAPL
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS