Tech Review: Is Google $GOOGL Courting Trouble In China? (video)

graphic "Tech Review" ©2017 DomainMondo.com
Tech Review (TR 2018-08-11)--Domain Mondo's weekly review of tech investing news with commentary, analysis and opinion: Features • 1) Is Google $GOOG $GOOGL Courting Trouble In China?, 2) How Apple $AAPL Reached $1Trillion Market Cap, 3) Investing: The Week, "Escape Velocity" | Investing Notes: China, Brexit, Eurozone4) ICYMI Tech News.

1) Is Google $GOOG $GOOGL Courting Trouble In China?

Google staff awoke on August 1st to surprising news: their company is working on a search app tailored, and censored, for China. BloombergQuint.com video above first published Aug 3, 2018.

How Google is building its censored search engine for China, codenamed Dragonfly, using subsidiary 265.com to compile a list of sites China is blocking--theintercept.com.

source: Statista.com
2) How Apple $AAPL Reached $1Trillion Market Cap 

Apple's Journey to a $1 Trillion Company: WSJ.com's Spencer Jakab takes a look at how Apple $AAPL got to $1Trillion in market cap value. Video first published Aug 3, 2018.
source: Statista.com
3) Investing
graphic: "INVESTING"  ©2017 DomainMondo.com
The Week: NASDAQ Composite +0.4% | S&P 500 Index -0.3% | DJIA -0.6%.  U.S. stocks closed lower on Friday, joining a global equity market selloff, as a mounting currency crisis in Turkey raised alarms about possible contagion into other markets, particularly Europe due to the European banks' exposure to Turkey. Nevertheless ...
Mohammed El-Erian has declared that the U.S. alone has escaped the "new normal," a concept he used in 2009 to predict slow growth for post-financial crisis economies, and now that the U.S. has reached "escape velocity" and people are returning to the labor market, the Fed can keep on raising rates.
So-called bond king Gross has been ‘wrong and wrong badly,’ his boss at Janus says--Marketwatch.com: "About three years ago, he predicted the end of the rip-roaring bull market. However, the current stock bull market is entering its 10th year and approaching a record not seen since 2000."
Wall Street's Charging Bull
graphic of Charging Bull | DomainMondo.com
Investing Notes:

China: Market pressure on China's renminbi would leave Chinese policymakers three choices according to JP Morgan:
  • intervene in currency markets to offset market pressures risking a new wave of reserve depletion;
  • raise interest rates to defend the currency causing monetary tightening and risking economic weakness; or
  • let the currency depreciate beyond the above critical levels along with market pressures risking capital outflows and a more abrupt move.
See also Look beyond the trade war to explain China’s tech stock tumble | chinaeconomicreview.com.

Brexit: UK trade minister Fox says EU is pushing Britain to no-deal Brexit--reuters.com. See also Brexit – Will The EU Collapse Anyway?--truepublica.org.uk.

  • ‘Let the Whorehouse Burn’--The euro and the damage it wrought--weeklystandard.com.
  • Eurozone GDP slows again in Q2 2018--The loss of momentum in 2018 contrasts with the U.S., where growth accelerated during the second quarter and the Eurozone-U.S. growth differential was the widest since the second half of 2014--marketwatch.com.
  • Eurozone Economy Slows Further as Exports Sputter--Business confidence has weakened on worries about future relations with the bloc’s largest trading partners--wsj.com.
  • Stiglitz Advocates A Dual Currency System In Italy But Why Not For The Whole Eurozone?--socialeurope.eu.

4) ICYMI Tech News:
graphic: "ICYMI Tech News" ©2017 DomainMondo.com
  • MAGA? FT.com's West Coast editor Richard Waters has suggested that "MAGA" (Microsoft, Apple, Google, Amazon) replace "FAANG" to denote the market's current tech leadership.
  • Tesla $TSLA shares fall 5 percent on Wall Street skepticism, SEC probe reports--reuters.com 9 Aug 2018.
  • Maersk, IBM say 94 organizations have joined blockchain trade platform--reuters.com.
  • India regulator, who took on Facebook, Apple, to stay on for two more years--reuters.com.
  • Qualcomm settles with Taiwan antitrust regulator for US$89 million--reuters.com.
  • Amazon HQ2: Cities’ Offers for Amazon Base Are Secrets Even to Many City Leaders--NYTimes.com.
  • Computer Virus Cripples Taiwan's IPhone Chipmaker TSMC Plants--bloomberg.com.
  • Google: Control government-backed attack alerts in G Suite--googleblog.com.

-- John Poole, Editor, Domain Mondo  

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