A LOT OF THOSE AVERAGES HAVE SINCE REGROUPED A LITTLE BIT,
NOT ALL OF THEM HERE.
TECHNOLOGY STOCKS ARE STILL
TAKING IT ON THE CHIN ALTHOUGH
NOT AS BADLY AS THEY WERE.
APPLE WAS A CERTAIN TARGET FOR
THAT.
THAT. SUSAN LI HAS JUST SPOKEN RIGHT
NOW WITH THE APPLE CEO TIM COOK,
A BIG EVENT GOING ON IN
BIRMINGHAM, ALABAMA.
BIRMINGHAM, ALABAMA. HOW IS HE DEALING WITH ALL OF
THIS?
THIS? SUSAN: YEAH, WE TALKED ABOUT
THAT, HIS BUSINESS IN CHINA AND
HOW APPLE IS COPING SINCE THEY
BUILD SOME WOULD SAY 50% OF
THEIR iPHONES IN THE COUNTRY OF
CHINA BUT THEY ALSO SELL AROUND
20% OF THEIR SALES COME FROM THE
SECOND BIGGEST MARKET FOR THEM
AS WELL.
AS WELL. SO WE TALKED ABOUT CORONAVIRUS,
CHINA AND WHAT HE THINKS IS
HAPPENING RIGHT NOW.
TAKE A LISTEN.
>> IT FEELS TO ME THAT CHINA IS
GETTING THE CORONAVIRUS UNDER
CONTROL.
CONTROL. YOU LOOK AT THE NUMBERS, THEY
ARE COMING DOWN DAY BY DAY BY
DAY SO I’M VERY OPTIMISTIC
THERE.
THERE. ON THE SUPPLIER SIDE, WE HAVE
SUPPLIERS, IWE HAVE KEY
COMPONENTS COMING FROM THE
UNITED STATES, KEY PARTS THAT
ARE IN CHINA, SO ON AND SO
FORTH.
FORTH. WHEN YOU LOOK AT THE PARTS THAT
ARE DONE IN CHINA, WE HAVE
REOPENED FACTORIES, SO THE
FACTORIES WERE ABLE TO WORK
THROUGH THE CONDITIONS TO
REOPEN, THEY ARE REOPENING.
THEY ARE ALSO, I THINK THIS IS
THE THIRD PHASE OF GETTING BACK
TO NORMAL.
TO NORMAL. WE ARE IN PHASE THREE OF THE
RAMP MODE.
RAMP MODE. SUSAN: I ALSO ASKED HIM ABOUT
DISRUPTIONS POSSIBLY EXTENDING
PAST THE SECOND QUARTER OF THE
YEAR, THAT WILL BE PART OF OUR
EXCLUSIVE INTERVIEW WITH APPLE’S
CEO TIM COOK.
HE IS HERE IN BIRMINGHAM,
ALABAMA, WHICH WAS A PIVOTAL
CITY IN THE CIVIL RIGHTS
MOVEMENT BUT ALSO THE FIRST
RECIPIENT OF APPLE’S EDUCATION
FUND WHICH IS PART OF THEIR
COMMUNITY EDUCATION INITIATIVE,
AND THAT’S TO PROVIDE CODING
OPPORTUNITIES FOR THE UNSERVED
PARTS OF THE COMMUNITY IN THE
CITY.
CITY. THAT’S SOMETHING THAT’S REALLY
IMPORTANT FOR TIM COOK, SINCE
THIS IS A HOMECOMING OF SORTS.
HE GREW UP IN THE STATE OF
ALABAMA AND FOR HIM TO GIVE BACK
IN EDUCATION HAS A LOT OF
MEANING AND OF COURSE, WE WILL
BRING THAT SPECIAL INTERVIEW TO
YOU TOMORROW RIGHT HERE FOR
PARTS OF IT, RIGHT HERE ON
"COAST TO COAST."