Deep Dive: Apple's Market Cap, U.S. Jobless Claims

The video discusses the market cap trends of Google and Apple, highlighting how Apple's market cap has slipped below Google's, indicating financial struggles for Apple. It then shifts to economic data, focusing on initial jobless claims, which have risen unexpectedly, potentially due to anomalies in New York State. The video emphasizes the importance of monitoring these claims as indicators of labor market health. Finally, it explores the correlation between mortgage delinquencies and unemployment rates, noting that these metrics have moved in tandem since the financial crisis, with current delinquency rates at a decade low.

What significant change occurred in the market capitalization of Apple compared to Google?

• Apple's market cap surpassed Google's for the first time.

• Apple's market cap fell below Google's for the first time.

• Both companies' market caps remained unchanged.

• Google's market cap fell below Apple's for the first time.

What was unusual about the initial jobless claims data mentioned in the video?

• The claims were consistent with previous years.

• The claims were lower than expected.

• The claims were unusually high, especially from New York State.

• The claims were not reported for New York State.

Why should one not be overly concerned about a single week's jobless claims data?

• Because it is not related to the economy.

• Because it is always inaccurate.

• Because it is not reported weekly.

• Because broader trends are more important.

How have US mortgage delinquencies and the EU three unemployment rate behaved since the financial crisis?

• They have moved in lockstep.

• They have shown no correlation.

• They have remained constant.

• They have moved in opposite directions.

What was the mortgage delinquency rate in the first quarter, and how does it compare historically?

• 5%, the lowest in almost a decade.

• 5%, the highest in a decade.

• 4.77%, the highest in a decade.

• 4.77%, the lowest in almost a decade.