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FBN’s Gerri Willis on why Apple’s success is driven by increasing manufacturing jobs are overseas.
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We can't hello everybody -- Gerri Willis remember this what's good for General Motors is good for the country.
Well Charles Wilson this GM CEO said that way back in 1953.
And I thought of that statement as I considered Apple's blowout earnings quarter.
39 billion dollars in revenue nearly twelve billion of profit.
A record.
Apple's -- country's largest company by market cap.
But that old saying about GM came back to me and I wondered if what is good for apple is good for the country.
The answer.
Not as much consider.
Back in the 1950s when Wilson made a statement the company employed 400000.
American workers hundreds of thousands more work to companies that supplied GM.
On the other hand apple only employs 43000 here in the US most of those in retail stores.
Apple's manufacturing employees -- -- is mostly in China some 700000.
Of them according to reports.
And that's what's wrong with this country US companies expanding overseas leaving American workers in the lurch.
GM once employed 400000.
Americans.
Apple today 40000.
We have to make this country a better place to do business a better place for American companies to do business.
The solutions are obvious lower taxes less regulation that's -- --
