After Apple, the White House Says Expect More Earnings Cuts

The video discusses the economic impact of the slowing Chinese economy on US multinationals, highlighting the concerns of Kevin Hassett, chair of the White House Council of Economic Advisers. It examines the effects on various sectors, including technology, luxury, retail, mobility, and lodging, with companies like Apple, Boeing, and Hilton experiencing significant impacts. The analysis uses Bloomberg Terminal data to illustrate the market's response to these economic shifts.

What is the primary reason for the decline in profits of U.S. multinationals with business in China, according to Kevin Hassett?

• Rising production costs

• The slowing Chinese economy

• Increased competition from local Chinese companies

• New trade regulations

Which company was mentioned as one of the first to experience a decline due to the Chinese economic slowdown?

• Nike

• Boeing

• Apple

• Starbucks

What percentage of revenue from China is used as a criterion for identifying major stock market losers?

• 10%

• 15%

• 5%

• 20%

Which sector is NOT mentioned as being affected by the Chinese economic slowdown?

• Healthcare

• Technology

• Luxury and retail

• Mobility

What is the approximate share of the global pipeline for hotel rooms in development for Hilton?

• 31%

• 40%

• 20%

• 10%