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.

How are luxury and retail stocks impacted by the economic situation in China?

What role does Starbucks play in the context of the Chinese economy according to the text?