Trump’s Payout Promise, Apple Unveils First Foldable iPhone

By Bloomberg Television

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President Trump promised to pay Americans $5,000 each if Republicans maintain control of Congress in the midterm election. The measure would cost more than $1 trillion. Making the announcement during a speech Wednesday at the GOP’s midterm convention in Dallas, Trump offered no details and the proposal is unlikely to become law. Brent oil steadied near $101 a barrel as Iran vowed it was prepared for a more intense war after hostilities flared across the Middle East, stoking fears about deeper disruptions through the Strait of Hormuz. Apple unveiled the company’s first foldable smartphone during a wide-ranging event Wednesday, betting that a new category can energize growth for its biggest-selling lineup. Newly appointed CEO John Ternus said the device, called the iPhone Duo, will improve on rivals’ foldable models, mocking competing handsets as “two phones awkwardly stuck together.” Today's guests: Katharine Neiss, PGIM Credit Deputy Head of Global Economics; Michael Haigh, SocGen C

Tags: 5000, Anna Edwards, Apple, Balasz Penz, Bloomberg Economics, Bundesbank, Chris Wright, Dallas, Dan Hanson, Diesel, Donald Trump, ECB, Francine Lacqua, GOP, Katharine Neiss, LNG, Matthew Bloxham, Michael Haigh, Nat gas, Onur Ant

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