Dana Wollman, executive editor at Engadget, discusses the Apple HomePod's bizarre new issue of leaving white rings on wooden furniture. Wollman also talks Skype's security flaw and Huawei's latest problems getting into the U.S. phone market.
Wollman explains no one knows why the HomePod is leaving white rings on wooden furniture, and while Apple has acknowledged the issue, the company is just expecting users to deal with it.
Wollman also touches on Skype's major security flaw, explaining Microsoft isn't planning on sending out an update. Microsoft is expected to rebuild Skype from the ground up.
Recently, FBI Director Christopher Wray testified to the Senate Intelligence Committee that Huawei phones pose a threat to U.S. security because of the company's connections to the Chinese government. Wollman says this is just the latest setback for Huawei, which once had carrier deals with both AT&T and Verizon. Wollman doesn't see how Huawei will ever break into the American market now.
Disney is warning YouTube TV subscribers that networks under its umbrella, like ABC and ESPN, could be removed from the platform this week if the two companies cannot find a solution to their fight over carriage fees.
Apple is on the verge of becoming the world's first-ever $3 trillion company as shares of the iPhone maker are inching closer to $182.86. Joel Hawthorne, head trader and CEO of The Morning Snapshot, joined Cheddar to discuss Apple's success and how the tech giant will continue to innovate. "One thing that we have to keep in mind is this stock somewhat moves like its own ETF," he said, describing the company as almost a "safe bet" for long-term investors.
Gabe Pincus, president of the investment advisor GA Pincus Funds, joined Wake Up With Cheddar to break down what's happening with meme stocks, as retail trader favorites AMC, GameStop, and Bed Bath & Beyond all moved sharply lower on Monday. He noted that even with the drop there is still room for the meme stocks to tumble even more. "They're still up 500 percent, 800 percent, 900 percent from their all-time lows, so there's plenty more room for them to go down," said Pincus.
While people have been spending more time on their phones throughout the pandemic, a new report shows they were also spending more money as well. A review from Sensor Tower on the global app ecosystem this year found that the app economy will see record consumer spending in 2021, up nearly 20% from 2020. Sensor Tower director of sales and financial institutions Anthony Bartolacci joins Cheddar News' Closing Bell to break down the report.
