Bart Yee on 40 members of Congress warn Apple not to close its first unionized store - 'Congress apparently has no problems with literally hundreds of bricks and mortar stores and restaurant closures (just this year and of course all of 2025) by major and minor chains, franchisees, and operators. You know, regular people doing regular jobs. Same with AI displacing creatives in Hollywood and the arts. This is not to mention the entirety of pretty high paying high tech jobs lost in the AI / tech worker / labor rethinking resulting in layoffs en masse of likely much higher paying than most Apple store personnel. But since those are individual employment contracts, not union, it’s perfectly ok for companies to lay them and their non-union contracts off, despite fairly lucrative contract and severance terms. Per Layoffs.FYI 2026 159 Tech companies worldwide have laid off 115,907 tech employees in the first 5 months of 2026. Funny, I couldn’t find Apple in the company list. TrueUP has it at 97,000 US employees out of 148,000 layoffs worldwide, showing how US tech companies laid off a disproportionate number. Wonder how many US employees were laid off twice from 2025 and a new job in 2026? 2025 275 tech companies laid off 124,636 tech workers, again, I couldn’t find Apple in that list. 2024 551 companies laid off 152,922 workers. Apple didn’t lay off any openly. Now to be fair, Apple did lose some employees to retirement, attrition, and poaching (which results in continued employment elsewhere at higher pay), and from “published reports” Apple did some realignment in 2026 with Vision Pro development (allegedly), as well as sales and education marketing in 2025, and reportedly (Gurman) final discontinuation of Project Titan automotive group as a unified engineering staff in 2024. Tier that in with 3 reported retail closures and you have something along the lines of 1000 previously at Project Titan, and between 700 to maybe 1500 total including 250 retail at the Apple Stores. I come up with at worst 2500 people and engineers displaced from their previous jobs, have opportunity to re-align with Apple, or are then considering and openly looking for and accepting offers for jobs and work outside of Apple. That would be 2500 from 2024 through to today, compared to mass layoffs that the tech industry has created. If we make a ballpark guesstimate of 2/3 of tech layoffs worldwide are occurring in the US, and that from my count, roughly 400,000 tech jobs were laid off worldwide since 2024, 270,000 of those jobs were US. If we assumed Apple lost every one of those 2500 engineering and retail workers to outside companies, that would be 0.92% or less than 1% of the total cohort of US displaced tech workers over the past 2.5 years, IMO, a very, very low record of company forced turnover. Why Congress isn’t concerned one whit about bricks and mortar service jobs, and higher profile (if you’re looking, 270,000 of them) tech jobs lost, not to mention job upheaval related to trade wars, tariffs, international logistics disruption and reigniting of inflation due to the Iran War, etc. etc., but you can send a letter of 78 union jobs at an Apple Stores closing at The Towson Town Center where now fully 25% of storefronts are closed, and hundreds of workers have already lost their jobs, and Apple has determined it’s not a location they want to stay in. But more power to you, Congress critters, you didn’t care when Crate & Barrel closed, then Tiffany, Louis Vuitton, Tommy Bahama, Madewell, Banana Republic among other closed at Towson before Apple. You do you.'
on Premarket: Apple is red - 'Jacob Feenstra said: “It’s not that Buffett is always right, but rather that he is often right.” **Exactly right, Jacob…upvoted!'
on Premarket: Apple is red - 'You are right, Ron, and Buffett has admitted that they sold too soon. I would add WAY (too soon). But it is still their biggest holding at around 230 million shares. It’s not that Buffett is always right, but rather that he is often right.'
on Premarket: Apple is red - 'It’s interesting for Google to do this with stock, rather than bonds. How much does the new stock water the existing stock?'
on 40 members of Congress warn Apple not to close its first unionized store - 'But, but – the article says it’s a high performing store.'
on Premarket: Apple is red - '@Joseph: Warren was selling Apple stock back in April and May 2024. Based on the pricing at that time in conjunction with his 13F SEC Filings, his sales were between $160ish and $180ish. Still owns a truckload of Apple, but pared down his stake by 50%. Spin ahead and we have this: AAPL 5/30/24 – 191.29 AAPL 6/2/26 – 315.20 Glad I stayed long and no reason to be selling Apple and buying Google IMO. Especially after they just announced a stock dilution of $80 Billion to finance their AI buildout plans.'
on Premarket: Apple is red - 'From “Berkshire Hathaway Got a Sweet Deal on Alphabet Stock on Barron’s today: “Alphabet, Google’s parent, gave Berkshire a 6% discount off its Monday closing stock price. It isn’t that unusual—for very good reasons…The doubters point out that Berkshire is buying Alphabet stock after it has doubled in the past year—a move not keeping with Chairman Warren Buffett’s usual value approach to investing.” So basically B. H. used some of that money they got from selling AAPL years ago to buy some GOOGL years later – after the GOOGL cows got out of the barn door – and after Alphabet cut a deal with Apple to cooperate to some degree on Edge AI, which is why GOOGL went up in the first place. Not exactly a great play. More like a pretty conservative one….'
on Steve Jobs' 'Apple Hierarchy of Skepticism' (video) - 'The Macworld Expos died out from a combination of factors. First, trade shows overall were dying out as the web took over. You could now find out about cool new stuff right away Second, with the iPod and then the iPhone, Apple grew in power and influence. They no longer needed a trade show to get buzz, they gave the trade show the buzz. Apple got sick of twice a year needing to announce something big on someone else’s schedule and they pulled out of keynoting the show. It officially packed up a few short years later.'
on Premarket: Apple is red - 'I’m encouraged by yesterday’s intraday low ($305.02). Given the magnitude of the selloff, that AAPL held $305 (where I need AAPL to trade, at minimum, on JUL 17), is significant. Following that AAPL printed ATH and ATCH the very next day is very satisfying. All of my many trades since April 6 have been, and remained, in the money. As options premiums have increased (the result of improving investor sentiment), it’s going to get harder to buy as deep in the money as I have been doing.'
on Premarket: Apple is red - 'I’m intrigued by the Google – Berkshire deal to raise cash through an equity offering to support its capex plans. It doesn’t appear the AI capex race is slowing down at all. Any thoughts on this issue – the ongoing AI arms race? Are there winners and losers in this race? I don’t see it slowing down any time soon.'
on Apple at $315.20: First record close of June - 'That, and the fact that Apple hold all the privacy cards.'
on Premarket: Apple is red - 'I believe we also have a new closing ATH of $315.20. Will we see it go up till the keynote next Monday morning?'
on Premarket: Apple is red - 'To me the biggest threat to Apple (besides Siri staying dumb for another 2 yrs) is China and Taiwan. So the fact that Trump bought Apple recently, can I assume that at least Trump (and his financial advisors) does not think that China has any near future plans for Taiwan?'
