00:00Much ado about nothing.
00:03That's pretty much all you need to know about Donald Trump's State of the Union address
00:07from last night, in case you missed it.
00:09Traders looking to that address for a trading catalyst were left just about empty-handed.
00:13The US dollar was steady after the speech, and there was nothing really new in there
00:17for traders to sink their teeth into.
00:19The speech laid out the president's priorities for the year ahead, which included illegal
00:23immigration and a border wall.
00:25In other news, Apple named its third retail chief in seven years, as the company looks
00:29to an era beyond its pricey iPhones.
00:31Apple said that a company veteran will replace Angela Ahrens, who has been in this role
00:35for nearly five years.
00:37The news about the departure of Ahrens, who is Apple's top female executive, came as
00:40a surprise, but it also signals for investors that the company is looking to a new direction.
00:45And finally, regulators in Germany are preparing to release the findings of an unprecedented
00:49probe into Facebook.
00:51Few in the antitrust community doubt that the regulators will actually ask Facebook
00:54or order it to change its practices, but the stakes are very high, especially amid
00:59the scrutiny that Facebook is facing for its data-harvesting practices.
01:03This is all for now.
01:04Please check us out at gulfnews.com forward slash business.
01:07This has been the Daily Business Wrap.
01:08I've been Sarah Dia.
Comments