Apple shares pop 5% ahead of Trump-Cook announcement

Apple Shares exploded by 5% before the Oval office event, which offers an update to the company’s plans to spend and invest in the US.

CEO Tim Cook, meat at 16:30.

In a statement to a White House official CNBC, Apple will increase its previous commitment in February from $ 500 billion to $ 600 billion in the next four years.

Also a new producing Authorized, the American production program called the so -called program said.

Cook had a mixed relationship with Trump last year. While Trump praised Apple CEO in the past, he said that he had a “problem” with the administrator in recent months and asked Apple to assemble his iPhones in the United States, not in China or India.

Apple, Trump’s main cost of more than 1 billion dollars due to the importation of China’s import tariffs, and Cook, Cook, investors last week, the “majority of their products” will be subject to new tariffs waiting within the scope of the investigation of the investigation.

“We are trying to optimize our supply chain and ultimately we will do more in the United States,” Cook said Cook. He said.