For years, China was the undisputed home of iPhone manufacturing. Today, India is producing all of Apple’s latest iPhone models, emerging as the company’s biggest manufacturing alternative to China. What changed?
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The Pentagon presses defense companies to accelerate weapons production as the Iran war depletes key US stockpiles and raises questions about readiness in other regions. Brigadier General Mark Kimmitt (Ret) and Bloomberg Economics Defense Lead Becca Wasser are on Bloomberg This Weekend and say the US has used at least half of its Patriot stockpile in the Iran conflict, forcing tougher choices over supplies for allies including Ukraine.
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Ed Yardeni, president of Yardeni Research, says earnings are driving the markets higher. He talks about raising his year-end forecast for the S&P 500 from 8,250 to 8,400. He also talks about the artificial intelligence trade “Bloomberg Surveillance.”
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Donald Trump will accept the nomination for President at the final night of the 2020 Republican National Convention.

Ivanka Trump, Mitch McConnell, Rudy Giuliani, Ben Carson, Tom Cotton, Kevin McCarthy, Jeff Van Drew and Ja’Ron Smith are slated to address the RNC. Alice Johnson, Dana White and evangelical leader Franklin Graham will also speak.

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After India’s student movement forced the education minister’s resignation, the opposition is hoping to capitalize on a rare setback for Narendra Modi’s government.
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