Apple Valuation Tops $700 Billion

The transcript covers several topics: the U.S. GDP growth rate of 3.9% in the third quarter, marking the best six-month performance since 2003, driven by consumer spending and business investment. Apple reached a market cap of $701 billion, the highest for a U.S. company, with shares up 48% this year. In Ferguson, MO, unrest followed a grand jury's decision not to indict a police officer, leading to violence and arrests. President Obama called for peaceful protests and police restraint. Lastly, Phil Falcone stepped down from Harbinger Group to focus on his hedge fund, known for its success during the financial crisis.

What was the GDP growth rate in the third quarter as mentioned in the video?

• 2.5%

• 3.9%

• 4.6%

• 5.0%

Which factors contributed to the economic growth in the U.S. during the second and third quarters?

• Consumer spending and business investment

• Government spending and exports

• Tax cuts and infrastructure development

• Interest rate cuts and foreign investments

What event triggered the deployment of more National Guard troops in Ferguson, MO?

• A natural disaster

• A sports event

• A grand jury's decision not to indict a police officer

• A political rally

What milestone did Apple achieve according to the video?

• Reaching a market cap of $701 billion

• Opening a new headquarters

• Acquiring a major competitor

• Launching a new product

Why is Phil Falcone stepping down from his position at Harbinger Group?

• To retire

• To pursue a political career

• To focus on his hedge fund

• To start a new company