‘A Tech War’: China’s Bite Out of Apple; & The MTA’s Pricing Power 9/8/23

Apple shares have been under pressure this week, as reports of China’s restriction of Apple products continue. CNBC’s Beijing Bureau Chief Eunice Yoon discusses the report and the CCP’s approach to American big tech. Commissioner of the U.S.-China Economic and Security Review Jacob Helberg warns that this ‘tech war’ could give way to a military war between China and the US. As students get back to school and workers head back to the office, the MTA is prepared for an uptick in NYC ridership, despite the subway’s recent fare hike. MTA CEO Janno Lieber argues that congestion pricing is a good thing for commuters, and explains the declining crime rates in the MTA systems. Plus, Elon Musk interfered in the Russian war with Ukraine, BMW is making small (and hot) changes, and Goldman Sachs CEO David Solomon is speaking out about his negative press. Eunice Yoon 15:37 Jacob Helberg 17:57 Janno Leber 28:13 In this episode: Janno Lieber, @MTA Eunice Yoon, @onlyyoontv Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie