Luke Vargas

Apple's mixed results cap busy few days of tech earnings after strong results from Meta and Microsoft earlier in the week had helped to ease fears about the impact of tariffs. Here to assess the state of play one month since President Trump's Liberation Day tariff announcements, I'm joined by Richard Kramer, founder of global technology research firm Arate Research. Richard, in some ways,

Apple's mixed results cap busy few days of tech earnings after strong results from Meta and Microsoft earlier in the week had helped to ease fears about the impact of tariffs. Here to assess the state of play one month since President Trump's Liberation Day tariff announcements, I'm joined by Richard Kramer, founder of global technology research firm Arate Research. Richard, in some ways,

That Rose Garden tariff announcement by President Trump on April 2nd can kind of feel like a lifetime ago. U.S. equities have certainly clawed back a lot of ground since then. And yet, can one look at a company like Apple and not be reminded in many ways of the overhang of this trade war?

That Rose Garden tariff announcement by President Trump on April 2nd can kind of feel like a lifetime ago. U.S. equities have certainly clawed back a lot of ground since then. And yet, can one look at a company like Apple and not be reminded in many ways of the overhang of this trade war?

OK, what is that pivot going to look like? It maybe makes Apple more resilient in time, but I can't imagine that is cheap either.

OK, what is that pivot going to look like? It maybe makes Apple more resilient in time, but I can't imagine that is cheap either.

How do they then get to the targets he's setting for this summer that a majority of phones sold in the U.S. will be coming from or shipped from there? I guess that's the operative word.

How do they then get to the targets he's setting for this summer that a majority of phones sold in the U.S. will be coming from or shipped from there? I guess that's the operative word.

And finally, Richard, with Apple kind of rounding out what had been a bumper week for tech earnings that have generally boosted market sentiment, do you get the sense that the tariff hit just isn't too apparent now but might come later?

And finally, Richard, with Apple kind of rounding out what had been a bumper week for tech earnings that have generally boosted market sentiment, do you get the sense that the tariff hit just isn't too apparent now but might come later?

Richard Kramer is the founder of global technology research firm Arate Research. Richard, thank you so much for being with us on What's News.

Richard Kramer is the founder of global technology research firm Arate Research. Richard, thank you so much for being with us on What's News.

Coming up, the rest of the day's news, including what to look for in today's jobs data, and bettors join the pious as excitement grows ahead of next week's papal conclave. Those stories and more after the break.

Coming up, the rest of the day's news, including what to look for in today's jobs data, and bettors join the pious as excitement grows ahead of next week's papal conclave. Those stories and more after the break.

Oil majors are wrapping up a busy week for earnings, with Shell this morning announcing a $3.5 billion share buyback after posting higher-than-expected earnings for the first quarter. It marks the 14th consecutive quarter in which the British energy giant is returning cash to shareholders and comes as low oil prices and trade tensions have rattled other oil companies.

Oil majors are wrapping up a busy week for earnings, with Shell this morning announcing a $3.5 billion share buyback after posting higher-than-expected earnings for the first quarter. It marks the 14th consecutive quarter in which the British energy giant is returning cash to shareholders and comes as low oil prices and trade tensions have rattled other oil companies.

And we will get further clues on the health of the industry when U.S. oil majors Chevron and ExxonMobil release their earnings before the market open. That said, investors today will first and foremost be watching the U.S. jobs and unemployment numbers out at 8.30 a.m. Eastern. U.S.

And we will get further clues on the health of the industry when U.S. oil majors Chevron and ExxonMobil release their earnings before the market open. That said, investors today will first and foremost be watching the U.S. jobs and unemployment numbers out at 8.30 a.m. Eastern. U.S.

economics reporter Chao Deng says it'll be the first hard data since Trump's Liberation Day tariff announcements and follows a week of economic headlines that have been skewed by companies trying to mitigate the tariff impact and front-load imports.

economics reporter Chao Deng says it'll be the first hard data since Trump's Liberation Day tariff announcements and follows a week of economic headlines that have been skewed by companies trying to mitigate the tariff impact and front-load imports.