National

Apple CEO Tim Cook told CNBC the company's going to create a billion-dollar fund to promote advanced manufacturing jobs.

Our thought bubble:  Apple has $250 billion in cash and President Trump is known for praising companies that take steps to promote U.S. manufacturing (and browbeating those that don't) so this could be smart politics at a good price.

Apple to spend $1b on U.S. manufacturing

Technology

Business

Future

Politics

Apple CEO Tim Cook <a class="gtmContentClick" data-vars-link-text="told CNBC " data-vars-click-url="http://www.cnbc.com/2017/05/03/exclusive-apple-just-promised-to-give-us-manufacturing-a-1-billion-boost.html" data-vars-content-id="ce1cb790-17f0-419d-b24f-23d8edf27d56" data-vars-headline="Apple to spend $1b on U.S. manufacturing" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="http://www.cnbc.com/2017/05/03/exclusive-apple-just-promised-to-give-us-manufacturing-a-1-billion-boost.html" target="_blank">told CNBC </a>the company&#x27;s going to create a billion-dollar fund to promote advanced manufacturing jobs.Our thought bubble: Apple has $250 billion in cash and President Trump is known for praising companies that take steps to promote U.S. manufacturing (and browbeating those that don&#x27;t) so this could be smart politics at a good price.

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Apple to spend $1b on U.S. manufacturing

Go deeper