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Tony Owusu: China is the center of attention on Wednesday as US stocks are gaining big on optimism that progress can be made between the U S and China when trade talks resume on Thursday, October 10th in Washington DC. Meanwhile, Apple was the subject of a negative op-ed in the state run China daily on Wednesday with Chinese officials taking the company to task over an App that it approved that it's saying Hong Kong processors are using to get around blockades and police presence in the country. The app allows users to see where the street closures and where the police presences are. And China says that that is something that Apple shouldn't have done in terms of allowing the app to be downloaded. The op-ed said, quote, as a company with international influence, Apple has always enjoyed a high reputation. A company has its own standards of conduct, which it also had its social responsibilities. Some people might say that the company's social responsibilities have been met by allowing the processers use this App but China obviously disagrees.

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Listen to the full conversation with Frishman on TheStreet's podcast below.

 

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