Apple’sTim Cook steps down | Markets wait for ceasefire deadline | Companies count cost of war

Apple CEO Tim Cook is stepping down after 15 years in the role at the company as its incoming CEO prepares to take on artificial intelligence; the ASX holds as investors wait for Thursday morning’s Iran ceasefire deadline; and Rio Tinto and Lynas update the market on how they’re coping with rising price pressure resulting from the war.

00:00 The CEO of one of the world’s biggest companies is peeling away from the top job
03:25 The UN has warned economic growth across Asia and the Pacific will ease to 4 per cent this year
04:20 Australian companies are continuing to count the cost of the Middle East conflict
05:13 The ANZ Roy Morgan Consumer Confidence report showed inflation expectations rose to their third highest result, as the Australian dollar edged closer to 72 US cents
06:46 US importers can now submit applications to receive refunds for about 166 billion US dollars in tariffs, with interest

Ricardo Gonçalves breaks down the day’s financial news in On The Money.

#Apple #TimCook #EconomicGrowth #MiddleEast #USimports

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