Apple to invest $600B in US, Carney announces supports for lumber sector, Air Canada flight attendants vote overwhelmingly in favour of strike.

[00:00:02] Speaker A: And now News Takeaway. [00:00:14] Speaker B: Connect FM 91.5 News Takeaway segment studio. [00:00:30] Speaker A: Very good morning Connect now connect Good morning. [00:00:57] Speaker B: The US Canada. [00:01:13] Speaker A: Elbows are going down. [00:01:27] Speaker B: Already Operations expand Sorry billion with the B Not a million, not million $100 billion the investment earlier this year Apple billion dollar committee presence over the Asakan so billion dollar total yes Triple digit tariff already presence India production manufacturing Amarika Chobe pressure points yes, you are right Donald Trump representative Steve Witkoff. [00:04:08] Speaker A: Spokesperson American manufacturing program launch and development not like that so it's about specifically about manufacturing so American manufacturing program B is planned. [00:04:33] Speaker B: Manufacturing. [00:04:40] Speaker A: Tim Cook of Apple I have long informed him iPhones. [00:04:53] Speaker B: Correct? Yes. [00:05:01] Speaker A: Earnings call $8.8 billion $1.1 billion Apple invest Karega to increase its manufacturing within US or rather to start its manufacturing in US. [00:05:29] Speaker B: American manufacturers. [00:05:37] Speaker A: Chip making. [00:05:37] Speaker B: Company TSMC TSMC. [00:05:45] Speaker A: Donald Trump ultimately he is the president of the US the most powerful man on earth. [00:06:10] Speaker B: Nothing has come out that's of it. Yeah so. [00:06:18] Speaker A: Second quarter. [00:06:24] Speaker B: India became the largest supplier of our source of smartphones for the US. [00:06:33] Speaker A: Second quarter which China the share this is not just Apple's phones smartphones 3% Vietnam. [00:07:07] Speaker B: I don't think so labor standards in the US manufacturing China they fear. [00:07:57] Speaker A: Canadian pricing South Korea the free trade Agreement so South Korea considering the exchange rate and all. [00:08:56] Speaker B: Border cross of course billions of dollars plus. [00:09:56] Speaker A: A penalty for importing oil from Russia. [00:09:59] Speaker B: Correct. [00:10:16] Speaker A: Smartphones India as you mentioned. [00:10:34] Speaker B: Or does it mean. [00:10:46] Speaker A: Ultimately it will be passed on to the consumer Canadian user so Holly Holly, Holly, Holly spending expectation. [00:12:25] Speaker B: Correct for the longest time per GB of data monthly plan. [00:13:47] Speaker A: Reciprocal tariffs. [00:13:52] Speaker B: 46%. [00:13:53] Speaker A: Close to that. [00:14:22] Speaker B: Manufacturing China manufacturing manufacturing definitely taxes are the reason Trump the tariff the all inclusive all inclusive political link Trump announces a 25% additional tariff rate on India for its purchases of Russian oil bringing total to 50% lumber facility lumber industry Canadian industry the elbows are coming down and the tariffs are going up American administration Prime Minister the premier General meeting Ontario face to face meetings face to face meeting Mark not land population wise political cloud wise politically different ideology so dynamic. [00:19:42] Speaker A: Yeah Kyoki Palami Markadni Gal Kachuku deal Hoagie tariffs Lagiyad section 232 Sectoral tariffs Steel aluminum automobile so Doug Ford the steel aluminum defend Karna duck Correct Captain America Captain Canada Council of the Federation strategic sectors section 232 tariffs. [00:21:10] Speaker B: Aluminum the auto sector of course Automobile sector production Canadian production impact aluminum sector announcement Trump administration so Kal West Kalona announcement though billion dollar package Canadian lumber sector loan guarantees forestry companies Grants take contributions for product development market diversification. [00:22:45] Speaker A: Yeah so yes Donald Trump more so these days real estate industry promise build Canada homes program housing starts Canadian softwood number is Canadian softwood lumber the demand dollar though billion board feet per year can they softwood number Canadian software structural pan industry product line diversify Karo products reinforced timber wood fiber based insulation prefabricated. [00:24:17] Speaker B: Eco friendly green construction. [00:24:25] Speaker A: Prefabricated homes Prefabricated homes. [00:24:36] Speaker B: So. [00:24:41] Speaker A: Real estate which demand site Correct demand was taking care of itself. [00:24:54] Speaker B: Supply side crisis Donald Trump correct real estate the point of view profit incent policy adjustment foreign investors speculation and Nivadgiyogal Sahih foreign investors. [00:25:52] Speaker A: Domestic investors first time home buyers tester Kehoe domestic investors condos presales. [00:26:25] Speaker B: Cash flow short term rentals already hotel rooms about 90% total Canada the lumber industry is Rahat package components. [00:27:30] Speaker A: Yes domestic demand Katiya Unuhal. [00:27:43] Speaker B: Restaurant the restaurant It's a very lofty target 500,000 homes per year Canada you're right yes Online news act Instagram basically online news Canadian news actually news Facebook page Instagram page. [00:29:17] Speaker A: Yeah so online News Act Bill C18 basically Online giants News outlets Online revenue ads the OA Online platforms Meta Alphabet revenue online ads to generate Honda or news outlets revenue share Karo news outlets online space ah wildfires Lagna Honyani Sade Mulk Devich press conference Online news act social media public service announcements Online news at it is part of our thinking around improving the reach of local media Local media information dissemination online news act. [00:32:04] Speaker B: News channels video streaming up on Facebook it stopped Online news act. [00:33:02] Speaker A: On Eritre to see Ferrohigal Yad Kari Aquariyapa steel aluminum adjust Karangay. [00:33:31] Speaker B: Donald Trump the administration foreign affairs minister the finance minister of Francois Leave Champagne Mexico sectoral terrorists. [00:34:53] Speaker A: Can they compare Karnavi Mexico negotiation Honestly, this is somewhat superficial how is it superficial? [00:35:04] Speaker B: How is it superficial? [00:35:10] Speaker A: Relationship. [00:35:34] Speaker B: Being Donald Trump that's what it is. [00:36:09] Speaker A: Canadians know election economist conventional knowledge at least flawed logic Donald Trump nonexistent. [00:37:29] Speaker B: Online news act virtually meeting segments the program. [00:37:50] Speaker A: All inclusive Energy security supply chain auto sector lines of trade port to. [00:38:09] Speaker B: Port. [00:38:37] Speaker A: So basically trade corridor port to. [00:38:39] Speaker B: Port investment. [00:39:03] Speaker A: At what cost? [00:39:04] Speaker B: At what cost? That's the question. [00:39:05] Speaker A: At what cost? [00:39:06] Speaker B: Yeah yeah Global markets and OV investments Domestic politics. Domestic politics it has to stand the test of time. [00:39:58] Speaker A: Most likely the cost of iPhone and other products will go up Hypothetically there may come a point American company. [00:40:40] Speaker B: Okay. [00:40:42] Speaker A: American customer. [00:40:45] Speaker B: Policy Remember Ford American auto manufacturers South Korea auto manufacturers even European auto manufacturers Competitive advantage Non USMCA compliant before Mukamalna multiple times border cross card so exactly. Because every time it crosses the border multiple layers of tariff American company Ford working a company Stellantis Jeep GMC Not Stellantis but GMC another competitive advantage Multiple American product producers the corporations they replicate because of this policy. [00:42:12] Speaker A: Yeah. So what if Apple says tomorrow markets iPhone. [00:42:46] Speaker B: BC Green Party cooperation and responsible government accord BC NDP so press conference I think Green Party BC Greens basically cooperation and responsible government accord majority BC and DP de Kola and Green Party Green Party infrastructure projects no fast track. [00:45:03] Speaker A: Bill 14 bill 14 with the 15. [00:45:05] Speaker B: We are actually so Green Party they as Marthanda Ferradar. [00:45:27] Speaker A: So BC Conservatives agreement to see on a synthetic party we are facing challenges. We are progressing, we are seeing progress. Priority is basically agreement common minimum program energy opposition party. [00:47:43] Speaker B: Priorities. [00:47:46] Speaker A: So Pelly priority communities health centers and those reports are coming later this year. So report card so clean BC Jeddah programmer whether we review Kitajara later in the fall Provincial Forest Advisory Council by end of this year Special committee service levels yes, Special committee for democratic and electoral reform Housing units of non market housing support as of March social housing projects they were underway. So report card present a picture all is well the agreement it still holds bill 14 bill 15 important pieces of legislation agreement partners agreement BC Green Party outside of these priorities. [00:50:04] Speaker B: Social supports, the health care and all of that. So J Every quarter Correct. Conservatives fundraising the amount yes. [00:51:06] Speaker A: Second quarter fundraising amount. [00:51:20] Speaker B: Last year provincial election they were very close. BC Conservatives from 0 elected MLAs in 50 years to 44 MLAs official within striking distance Even John Rustada leadership John rusted the leadership leadership review process. Yeah. [00:52:52] Speaker A: So boss are a low Carina BC Conservatives leadership review. [00:53:13] Speaker B: Yes, at the end of six months. [00:53:44] Speaker A: BC Green Party so whatever they are doing, they are apparently doing right. [00:54:12] Speaker B: Green Party following distance Air Canada the flight attendantship flight attendants 99.7% of the workers voting the Salsila so end of end of July cooling off period yes. [00:55:27] Speaker A: So negotiation then cooling off period. [00:55:58] Speaker B: Stuck poverty level wages Airline industries away what would be any other reason. [00:57:02] Speaker A: Corporations. [00:57:30] Speaker B: Canadian Airlines I mean even in the US and everywhere world over Flight attendants. [00:58:10] Speaker A: Time apple juice boarding card scan Karnah on the boarding pass. [00:58:55] Speaker B: So ground time discussion union that is still ongoing. [00:59:23] Speaker A: Consumer expectations. [00:59:29] Speaker B: Yeah. [00:59:36] Speaker A: Consumer expectations. [01:00:02] Speaker B: Yeah WhatsApp take message so yeah Restaurant industry. [01:00:40] Speaker A: Thank you.