Cheddar's Crypto Craze explores the latest movements in this emerging market. Anchors Hope King and Brad Smith talk about the latest crackdown by regulators, plus how one entrepreneur is tapping into the luxury market. The SEC issued dozens of subpoenas to investigate initial coin offerings. Fortune Senior Writer Jen Wieczner explains what this crackdown means for the cryptocurrency market. Wieczner says ultimately this crackdown can weed out bad actors in this emerging market. A new player in the cryptocurrency space is looking to build an ecosystem around this emerging market. Hodl.vc Founder and Managing Partner Ivan Soto-Wright explains how this company is tapping into the luxury market. Plus, Brad Smith checked out an ATM at the Bitcoin Center in New York City. It's been a wild week in Washington from gun control conversation shaking up, to personnel changes, and now trade wars. Political Consultant Rick Wilson explains his take on the repercussions of the chaos inside the White House. BlackRock says it is time to take action on guns. BlackRock says gun violence "requires response and action from a wide range of entities across both the public and private sectors." the company sent a three-page letter to clients offering to explore ways to switch them into funds that take out gun manufacturers and retailers.

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Apple posts stronger-than-expected Q2 results
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
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