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Apple a day keeps recession away?

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    Sales of new iPhone could boost GDP

  • Duration 3:12
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Apple today keeps a new recession away a JPMorgan report this week predicting the new Apple iPhone could singlehandedly.

Helped our nation's economy grow.

Half a percent.

Doesn't use it as a -- is actually proving just how bad our economy dealing -- Well it's pretty frightening in the list that we think the almighty forever I was sure I.

They're there they're literally the atlas is an apples when the average is holding the economy up it's a little frightening however how one economy can have such -- -- impact because you know what.

There's no reason why we couldn't have a dozen.

Apple's two dozen apple is is there's an.

It's a better business environment.

It's a better economic climate that we need to get folks actually producing and making more miracles like apple does.

Okay all right Tracy do you agree with Jonathan it is well I think it's more about how anemic the numbers aren't Cheryl I mean their show that had these days that even if you go out and -- What -- phone you're gonna move GDP because people are sitting on their hands.

Not willing to do anything.

Up we have today with Ben Bernanke and him -- -- more money into this economy is basically a sign that he thinks -- doesn't doesn't work.

And that's wrong because apple is gonna make a difference.

People are gonna keep buying these products and Ben -- is gonna continue to deflate our dollar.

Is cell is so what we natives is more apples and we get in our -- I mean look I you know there's a sort of open.

For some reason other companies can't do it I mean there's a little bit of a look at they can do it and other companies -- and if they're not there's other reasons than just the sort of government enabling environments.

But look there's the other reality is is apples on the one hand an American success story.

And on the other hand -- this the extent of their success may in fact be hurting other -- it's just so hard to get into the economy right now but whenever they're still half a percent of my own personal GDP expenditures at home so you know.

I can't not playing is it a sad state of affairs when you have a JPMorgan.

Economists -- -- and say something like this and Kansas -- -- now.

Now let's say it's a reflection on the man's a brain he's an idiot yeah.

The case it is that simple thing -- have elevation the United States the year is -- -- to think advice in my lifetime you have got you have Polaroid which started.

Head of the success and died it happens all the time if we don't have innovation we won't have anything.

Apple is just one there's a lot of fanfare about it it's one of -- What -- the medical products and -- they are -- there are thousands of inventions coming on constantly new medicines things like that.

It's good for the economy all of this is good for the economy it's not just apple got -- -- out of have been successful I want everybody to be success right -- -- us or Imus on.

Wainwright numbers don't work on this 700 billion dollars because on one product that only does -- 149 million total right now I want to Tracy's point helicopter -- it helps to we have cyclical unemployment we have structural unemployment right now so anything like apple that comes out the key is if -- entrepreneur don't copy creates and that's what apple does our guys great discussion -- thinking.

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