About this episode
Apple says that Beijing’s zero-Covid policy is damaging production of its most popular mobile phones. Chinese exports and imports contract for October, simultaneously shrinking for the first time since May 2020. Octobers non-farm payroll data beats expectations. However, the Dow breaks a four-week winning streak on rising rate concerns. Richmond Federal Reserve President Thomas Barkin tells CNBC prices still have some way to go. In tech news, thousands of Twitter employees are fired as part of Elon Musk’s overhaul of the social media giant. The company will launch its blue tick subscription service reportedly after the U.S. mid-term elections. We are also live at COP27 in Sharm El-Sheikh, Egypt where IMF managing director Kristalina Georgieva tells CNBC that higher fuel prices are accelerating adoption of greener energies. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .