Microsoft President Calls for End to Government Shutdown, Citing International Concerns
*By Amanda Weston*
Microsoft President Brad Smith called for an end to the government shutdown during an appearance on Cheddar Thursday, saying that the political stalemate in the U.S. is contributing to broader international instability resulting from the ongoing Brexit chaos and weakness in the Chinese economy.
"This is not good for this economy, especially at the same time that the U.K. is dealing with another round of Brexit issues, at a time when Chinese economic indicators were not as positive in December," Smith said. "We need our political leaders to come together, get this government reopened, pay the people who are keeping our airports safe, and get this economy firing on all of its cylinders."
Smith's comments come as the partial government shutdown, officially the longest in U.S. history, was in its 27th day, with hundreds of thousands of federal employees still on unpaid leave. President Donald Trump and Democrats remain at odds over funding for border security, including Trump's signature campaign promise of a wall.
Smith said companies are feeling the impact of the stalemate.
"You can debate how much harm it's doing to the economy," the Microsoft ($MSFT) president said. "One thing is indisputable: it's not helping to have the government closed."
"There are companies that are not going public. There are companies that are not bringing products to the market."
For full interview [click here](https://cheddar.com/videos/we-can-only-be-successful-if-the-community-is-successful-microsoft-president-says).
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.
Visa is hoping to hand your credit card to an artificial intelligence “agent” that can find and buy clothes, groceries, airplane tickets and other items on your behalf.
Skift Editor-In-Chief Sarah Kopit discusses how summer travel plans remain uncertain for most as many international travelers are leery to travel abroad. Watch!