Apple has been very serious about protecting their right to have the access to the profit which come from within the games sold at the App Store. The ability to buy items or unlock levels using their own credit cards have been exploited by phone owners who are hooked on the phone games as long as smartphones have been around. And apparently this brings companies like Apple a huge amount of profits as in order to control these payments they are ready to cut their working relationship with the biggest game retailer in the market.

Steam is currently the biggest and most famous online store for buying and downloading games for PCs is owned by Valve Corporation. The company has also released several online games and the owner of the company Gabe Newell is one of the wealthiest man on Earth. Valve has recently decided to make a mobile app in order to let users play games on their phones. But Apple were not thrilled with the decision as the revenue would not go to Apple directly. It will all be Valve’s profit. And that doesn’t go well with Apple.

Valve’s application was blocked on App store according to the official spokesman of Valve saying to Reuters’ reporters “The team here spent many hours on this project and the approval process, so we’re clearly disappointed, we hope Apple will reconsider in the future.” Apple officials have answered back saying that the main reason for blocking is concern for their younger users’ mental health as well as “business conflicts with app guidelines.” 

Now Apple fains about 30 percent of all of the purchases which were made inside the apps bought or downloaded for free in the App Store. Last quarter revenue from these purchases hit the point of more than $9 billion.

Breaking news came from the White House last night. Donald Trump decided not to go through with his meeting with North Korean leader Kim Jong Un which was to take place in Singapore. Trump stated that the decision was made because of “tremendous anger and open hostility” which were allegedly displayed by the North Korea leader in one of his latest statement concerning the upcoming denuclearization negotiations. Considering this Trump thought that the meeting which was to take place on June 12 will be inappropriate.

The official letter from Trump, published at the White House official site reads "I was very much looking forward to being there with you. Sadly, based on the tremendous anger and open hostility displayed in your most recent statement, I feel it is inappropriate, at this time, to have this long-planned meeting. Therefore, please let this letter serve to represent that the Singapore summit, for the good of both parties, but to the detriment of the world, will not take place." Then, addressing Un he added “You talk about your nuclear capabilities, but ours are so massive and powerful that I pray to God they will never have to be used. I felt a wonderful dialogue was building up between you and me, and ultimately it is only that dialogue that matters. Someday, I look very much forward to meeting you.”

The talks about cancellation emerged after the official statement from North Korea. They claimed that Washington misunderstood the intention of North Korea. It seems that Un wanted both countries to give up their nuclear potential while Americans had no intention to do so.

Until now no American President has even met a single North Korean leader. Decision hea slready influenced currencies around the world.

Market cap of Disney has been pushed aside by Netflix. This happened because of the fall taken by Disney shares – 16 percent fall and a gain by Netflix shares - +1.5 percent gain. Market cap of Netflix is now bout $152 billion. The losses which Disney took are quite shocking to the investors, considering the the conglomerate now owns such franchises as Star Wars and Marvel.

Since the beginning of 2018 Netflix shares added 81 percent and Disney shares lost 5.5 percent. Now investors display broad interest in Netflix shares. In the first quarter in 208 revenue of the company grew by 40 percent. Disney are answering to Netflix by engaging in the new projects. Mainly online streaming services. Netflix is also preparing new projects.

European and Asian stocks had mixed performance after Trump announced his cancellation of summit with North Korean leader. Treasuries are still high and oil lost positions.

Stoxx Europe 600 went up yb 0.4 percent.

FTSE 100 from UK gained 0.4 percent.

DAX from Germany gained 0.5 percent.

MSCI Asia Pacific lost 0.2 percent.

MSCI Emerging Market gained 0.1 percent.

Dollar gained 0.1 percent against the basket of six major currencies.

Euro lost 0.2 percent - $1.1695 – the lowest point in half a year.

Pound declined 0.2 percent - $1.3347 – weakest point in five months.

Turkish lira went lower by 0.7 percent - 7.7406 per dollar which is the lowest point ever to be recorded for the currency.

WTI oil lost 0.4 percent - $70.41 per barrel.

Gold went lower by 0.1 percent - $1.303.29 per ounce.