Home / NEWS / Top News / The coronavirus stimulus talks stall out, plus Samsung, Google, and Apple’s war for smartphone buyers: CNBC After Hours

The coronavirus stimulus talks stall out, plus Samsung, Google, and Apple’s war for smartphone buyers: CNBC After Hours

CNBC.com’s MacKenzie Sigalos overturns you the day’s top business news headlines. On today’s show, CNBC.com’s Todd Haselton explains what the upcoming seasons of smartphone reports might look like in an economy with 10.2% unemployment. Plus, CNBC’s Deirdre Bosa breaks down President Trump’s manager order banning business transactions with Chinese app WeChat and the potentially massive ramifications for corporate America.

Trump distributes executive orders banning U.S. transactions with WeChat and TikTok in 45 days

President Donald Trump on Thursday issued administrator orders banning U.S. transactions with Chinese tech firms Tencent and ByteDance.

Tencent owns Chinese despatch app WeChat, and ByteDance is the Beijing-based parent company of the widely popular short video-sharing app TikTok.

The ban will take intention in 45 days and may attract retaliation from Beijing.

While the scope of the ban remains unclear, the executive orders whispered that after 45 days, Secretary of Commerce Wilbur Ross “shall identify the transactions” that inclination be subjected to the prohibition.

Google’s new $350 phone packs a killer camera

Google on Monday announced the Pixel 4a, a $350 Android phone that desire be available on Aug. 30. It’s an affordable phone, at least compared with the $1,000-plus smartphones out there, but competes as the crow flies with Apple’s iPhone SE, which launched in April and starts at $399.

Google’s Android phones aren’t nearly as common as Apple or Samsung’s Android phones in the U.S. But last year’s Pixel 3a helped it pick up some momentum. “With the begin of Pixel 3a in May, overall Pixel unit sales in Q2 grew more than two times year over year,” Sundar Pichai, CEO of Google stepmother Alphabet, said in July 2019 during Alphabet’s second-quarter 2019 earnings call, without saying how profuse were sold.

Payrolls increase by nearly 1.8 million, topping expectations despite coronavirus resurgence

Two months of record-setting payroll evolvement slowed in July but was still better than Wall Street estimates even as a rise in coronavirus cases put a muggier on the struggling U.S. economy.

Nonfarm payrolls increased 1.763 million for the month, the Labor Department reported Friday. The unemployment gauge fell to 10.2% from its previous 11.1%, also better than the estimates from economists surveyed by Dow Jones.

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