personalities. trump told apple he wants what kind of privacy software they could put in their phones. he told ford the only auto company that did not take a bailout where they will manufacture. you know, i don't see this libertarian spirit in trump whatsoever. >> make mike, he talks about apple and forcing them to come back and manufacture in the u.s., doubling the price of an iphone so there's a popular revet against it. that's one of those throw out positions i don't believe. do you believe he's going to follow through on that and try to strong arm apple back to the united states? >> what i think happens before that, david, is by lowering the corporate tax rate, companies will stay in the united states and trump is a big proponent of lowering u.s. corporate tax rates, and he's not going to have that problem if companies leaving like they are under obama because capital will want to stay in the united states. >> bruce, what about the idea of hillary clinton's gaming with bernie on the campaign trail, going further left as far as spending is concerned, how do you battle away from tha

companies can do it, too. google, microsoft, apple, box. how do you compete with that? what makes it a good business? drew: yeah. well, i would be curious to hear why you use dropbox or why you continue to use dropbox. but for our users, i think it is a couple things. a few things. so one is the product is really easy to use. and the other is it is the most popular service of its kind in the world. and if you share things on dropbox, it is more likely that if i share something with you that you are already going to have it -- a better experience emily: dropbox has 400 million users now. who are they? where are they? drew: the vast majority are all outside the u.s. more than 2/3. and it has been that way since the beginning because people use dropbox again not just for storage, but for sharing. that is been at the heart of how we grow. emily: you grew up outside of boston. what kind of kid were you? when did you get into computers? [laughter] drew: i think it started in a living room -- in the living room when i was maybe three. my dad had just taken this -- this big thing out of a box,

red flags once again. oil also with a bit of a decline. apple shares are at their lowest point in nearly two years as slowing sales continues to her that company. can apple shares recover? a change in leadership in brazil. there is a senate trial she calls the impeachment process a coup. we do have some breaking news just crossing the bloomberg in the last few minutes. charter and time warner cable have gone over their final hurdle to merge. and hammond -- ed hammond joining us. >> this is like the final, final done. it was already done already with the sec approved it. this is something we have thought this was going to happen. says therehe market is zero chance that this thing blows up. carol: we were just on bloomberg radio talking about the deal and fired -- environment. this year you see a lot of pushback of major deals. not a surprise that this deal ultimately got its way through? ed: obviously comcast try to do the deal earlier. that did get blocked. they were confident they would be able to get this one done partly because it is not one in three, it is two and three going

wall of china is try to hit a target the size of an apple with the go pro mounted on his helmet. >> how on earth do you spot that from wherever he's jumping from? >> this is amazing. i love this guy. >> needless to say he', he's be training for months. he's going to be flying at about 120 miles an hour. >> how do we watch it? can we watch it live on the internet? >> he's going to be broadcasting this live using the transmitter on his helmet. you'll be able to see it live without delay from his point of view, as he's doing this, the event is going to take place on may 28th in china. we here in the united states can watch it at 9:00 p.m. pacific time on may 27th. you u can watch it on go pro's facebook page. >> that's incredible. >> yeah. millions of viewers are going to be watching. keep in mind, if anything goes wrong, you'll be able to see it. >> oh, talk about raising the bar. >>> this video is going viral because people believe that's what is happening at this fast food chicken shop in england. you see an elderly man enjoying his meal. he's a regular. now suddenly the employe

share, the fact of the matter is apple is getting the attention. that shows you how quickly sentiment and numbers can change. that is helping the dow all because of foreign buffet. trish regan taking you through the next hour. trish: thank you very much. a big market rally. thanks to oil, recent merger in the big new york time merger. she knows her comments were taken out of context. welcome to the intelligence report. a major beef. listen to what a former girlfriend of trump who was put in the article said. >> he was very gracious. i felt him around all types of people. all types of women. he was very kind, thoughtful, generous. he was a gentle man. we will debate it with our all-star political analyst. if she is elected, she will put her husband in charge of the economy. good idea? we will ask foster foster freeze for his take on that. murders spiking in more than two dozen cities nationwide. is the war on cops to blame? bold eagle is here to explain. the democrat and chaos. this video from this weekend's democratic convention in nevada. his delegates were unfairly dismiss

crumpton. ♪ emily: i am emily chang, and this is "bloomberg west." apple is betting big on bolder, brighter screens with bigger batteries. it is not coming until next year. plus, baidu behind the wheel. will the chinese search engine's advances in ai help the market in driverless cars? china's propaganda machine cranks out nearly 500 million posts a year. we will break down a new study from harvard that analyzes the marching orders. first, to our lead. news that apple is betting on a new screen for iphones in 2017. the new screen will be made from organic led, which is more flexible and energy-efficient. producers like samsung and sharp are saying they are investing. apple is an investor in all of them. they say orders to make the screens are up 40%. but will this mean for iphone sales after apple's first sales declined in 14 years? here to discuss, alex len our bloomberg news apple reporter, and from new york, ceo of thrillist. what do we know? >> we know that orders have been placed to make this stuff, basically. for the iphone 8. there have been rumors swirling that it will com

years. >> are you buying? >> not with trump attacking them this week. >> your predictions. >> apple is finally investing the huge cash horde. i like it. i own it. up 20% end of the year. >> gary. >> >> last dud was the apple watch. >> pu. >> and the new america brand label is back on the internet because everyone knows it is now own by the belgians which is why -- >> john. >> last week was bourbon. this week a is beer. something you should tell us jonas? >>> all right. forget the republican establishment. it is donald trump's real problem with the media establishment? hi everyone. i'm neil cavuto. and now that he's the presumptive gop nominee, all of a sudden these are the trump stories we start seeing. the washington post front page expose on his playbook past. the new york "daily news," declareing him less popular than lies. than lies. and the lies we understood were upset. anyway charles is asking where is the same over the top type of stories on hillary clinton? bernie sanders? i'm not saying they are not out there but there are n

>>> this is "nightly business report" with tyler mathisen and sue herera. >>> apple sags. the stock that's a big piece of many portfolios sees its lowest close since 2014. so what should you do when your blue chip turns a little gray? >>> powerful ideas. the ambitious energy goals of some of the nation's biggest cities. >>> brave new world of recruiting. why that mobile video game could be just the thing that helps you land your next job. all of that and more tonight on "nightly business report" for thur >> good evening. a virtual tie at the top. the top of the list of the most valuable companies in the world. apple no longer comfortably number one, it's neck and neck with google's parent alphabet. the two jockeying back and forth all day long for that lead position. after all was said and done here are the numbers and man are they close. apple did close with a slight edge in market value over alphabet. this is the first time in two years that apple's market cap has fallen below $500 billion. easily today april pelt worst-performing stock in the dow today off 2.66% at $90.32. as peo

from harvard that analyzes the marching orders. first, to our lead. news that apple is betting on a new screen for iphones in 2017. fromew screen will be made , which is more flexible and energy-efficient. samsung and sharp are saying they are investing. apple is an investor in all of them. they say orders to make the screens are up 40%. but will this mean for iphone sales after apple's first sales declined in 14 years? len ourdiscuss, alex bloomberg news apple reporter, and from new york, ceo of three ist. -- of thrill what do we know? >> we know that orders have been placed to make this stuff, basically. for the iphone 8. there have been rumors swirling year, inill come next the 2015 phone. last week, applied materials. they said, we are getting massive orders. emily: everyone has been waiting for the new iphone. it is not until the iphone 8. what does this mean for apple? >> the challenge you have got, that means, this year, let's slow our expectations even further. this is the kind of technology that people are going to be looking forward to. ed in their had o-l phones for four or f

! >> jimmy: oh, boy. some tech news, here. apple just released the first apps for its care kit feature that helps you keep track of your medical conditions. and like all apple products, you really start to panic when it says you only have 10% left. [ applause ] what does that mean? oh, and this isn't good, here. the ceo of priceline just resigned after it was revealed that he had an affair with an employee. as you can imagine, his wife was pretty mad. but on the bright side, at least he knows where to find a a good deal on hotels. [ laughter and applause ] >> steve: silver lining, you know what i mean? >> jimmy: make lemonade out of lemons, yeah. this made me laugh, here. a high school french teacher in texas was fired for not knowing how to speak the language. [ laughter ] it turns out the only word he knows is "bonjour." [ laughter ] when asked if he was sorry for what he did, the man said, [ laughter and applause ] that's the only word he knows. i thought this was nice, a a 100-year-old woman from right here in new york city just broke the world record for her age group in the 100 m

is on the apple studios itinerary for the very first time. will britain stay or will it go? microsoft pick sides in the great grexit debate. company chairman john thompson joins us to explain. shares took another dive. but first, to the lead. apple ceo tim cook set his sights on the massive market potential of india. he kicks off his first visit to the country wednesday. besides and unconfirmed meeting with the prime minister, he's pushing for opening of his first retail store in the nation and announced an accelerator program for ios developers in bangalore. so why now? india is a market too good to ignore. mobile sales declining over a decade but indian shipment rose 66%. it's described as where china was 10 years ago, saying there is great opportunity there. the opportunity could come in potential that's up for grabs. kirkpatrick, david and crawford come you guys have been doing a lot of work on the potential of the indian market. how big could this market the for apple? >> it could be very large for apple. when you look at the largest market in india in the last quarter

take on apple and amazon. i caught up with a former google executive. the manufacturer is reinventing home appliances. we talk about the plans in the pipeline. now to our lead. mark circa big met with conservative leaders to address concerns over a bias in the company's trending topic section. wasg those in attendance glenn beck, barry bennett and former white house press secretary. saying he facebook wanted to hear these concerns personally about how we can build trust. toant to do everything i can uphold the integrity of our product. it seems have located some of the concerns. in a post on his website, glenn beck said the overall tenor to me is of the salem witch trials. joining me now to discuss is someone who attended that author brookes. gentlemen, thank you both for joining us. start with you. how would you describe the overall tenor of the meeting? >> it was a good constructive meeting. the senior leadership was there. they are worried about trust. people might be worried about being underrepresented on their platforms. they wanted to know what we were thinking. the

been suppressing conservative news story. apple shares slip below $90 as -- with apple that' -- with al phabet at its heels. the winklevoss twins are back. first, our lead. facebook faces accusations that is human editors are more involved in choosing what you you might think. gizmodo sourced several anonymous contractors who accused the social network of censoring its trending topics by pushing certain stories and suppressing others like conservative stories. the chairman of the senate commerce committee sent a letter to mark zuckerberg saying "if facebook presents its trending topics section as a result of a neutral, objective algorithm but it is subjective and filters is a or suppress particular political viewpoints, facebook misleads the public." is reporting it obtained documents that shows facebook relies heavily on human input. in a statement, the company's vice president of global operations said "the trending topics are result of algorithms, not people. but there is a team of people who play an important role in making sure what appears in trending topics is high qu

is not hard to see why. the latest report says that young workers in the big apple make 20 percent less than prior generations. >> to live the lifestyle i would like to live it requires a bit more. >> what is scarier, millennial's actually will likely not reach the same level of salary as their predecessors. bill: that sounds like whining to me. >> clues are scattered all throughout runs. each time you find a clue another door opens. >> i did a couple different jobs. did that to get by. that is just how the system is. >> simply pointing out that there is a changea change in the economy is not whining. the facts are the facts. it is a fact of life right now. >> but you have to do something about it. >> they are. bill: you guys are missing the point. go back to the game. >> clues scattered all throughout the room. they have to go put this puzzle together. players have about an hour to get out. >> wait. wait. wait. we did it. >> that was pretty good. >> i hope every single one of your people have a different set of skills is everyone that i know has gone into them, they are not easy t

throw in the towel -- will reportedly throw in the towel in a few hours. apple changing its tune on apple music. the company will make sweeping changes after a lack of response to the service. and falling for the ninth time in 10 days. ♪ vonnie: this is "bloomberg markets." i am vonnie quinn. time for a look at some of the biggest stories in the news right now. saudi arabia's stock exchange has identified a list of banks -- the shortest includes -- shortlist includes morgan stanley and j.p. morgan. the official decision could come as soon as this week. the ipo could raise more than i've hundred million dollars -- more than $500 million. takata has agreed to a stunning increase to the recall of airbags. the expanded recall will bring the total number of info aiders-- -- inflators to be replaced to 59 million. it will take till the end of 2019. tesla is losing its global head of production. this comes as the company prepares to release a mass production model 3. a recall affecting tesla's model x. that's your latest "bloomberg business flash." in politics, republicans ted cruz and n

the internet, this stock trades more like intel, microsoft, apple and western digital. it does fight growing equipment companies. i think that it should be lumped in. the first two are doing badly. cisco simply disliked by many managers. low valuation, 11.3 times next year's earnings. seems to cause yawns at best. i hate that. when it comes in at number 7, all i can say, inline earnings from big consumer product companies. that's my only explanation. just incredible how beloved this stock is. so many people believe we're only one rate hike away from recession. if we do get a rate hike, won't we stop liking the yield? let's face some facts. how bad was it really? how bad? the company missed all over the place. so let me ask you. if it is so bad, why is stock in the low 90s? is disney like apple? or do some realize that it has good growth no matter what. as bad as espn might be, it is not as bad as people think. if they hadn't closed the video business, if the dollar had been a little weaker, and abc a little stronger. all tweeks, by the way. i tire of the disney haters that come up wi

. >> good work, thanks to. >>> apple has been hiring thousands outside of california. see where the type -- tech giant says it's proud to be expanding. >>> the statue being moved. those associated with the campus say it's long overdue. intromercedes-benz c-coupe, redesigned with its athletic prowess and sleek new body. it doesn't just raise the bar... ...it completely crushes it. the all-new c-class coupe. mercedes-benz. the best or nothing. >>> apple says it's proud of the thousands of people is hired in texas. this was in a report from the city of austin where apple got about $35 million in tax breaks from the city, county and state to expand operations there. they agreed to create more than 3600 new full-time jobs between 2012 and 2022 while keeping at least 3100 existing full-time jobs. apple forecast the jobs will eventually pay about $73,000 per year. if apple reaches its hiring goals again in 2022, it will become the second-largest technology employer in central texas behind only dell computer . >>> set to take up the question fracking tomorrow, commissioners will discuss several

in the mud? >>> billion-dollar bet. why apple decided to make a sizable investment in one of uber's biggest rivals. >>> how i made my millions. no, not me. our newest series introduces you to a serial entrepreneur who made a special sponge and is now soaking up success. those stories and more tonight on "nightly business report" for friday, may 13th. >>> good evening, welcome. a triple-digit decline on this friday the 13th. but the week filled with retail angst didn't end as it began. today we learned that retail sales were robust last month. according to the latest government data, consumers spent more in april than expected and that's important because consumer spending is responsible for about two-thirds of economic output. but it flies in the face of everything that we've heard this week from some of the nation's biggest retailers who are struggling to attract shoppers and grow revenue. jcpenney was the latest to report an unexpected sales drop and cut its gross margin guidance for the year. steve liesman looks at the possible reasons behind the disc. >> reporter: a strong natio

, thanks a lot for your insight. tyler? >> all right. thank you. apple with a 1% gain. it is a neck and net gain between it and alphabet as the biggest stock. the company hoping to have a big bet on and in china. let's get to susan lee with more. >> hi there, tyler. the investment means hong kong commute in chinese. it is a dominant player in china. anyone that travels to china knows that you go on a app when they have 99% market share. only 87% market share when it comes to private cars. and they operate in over 400 cities. compare that to uber which operates in maybe 45 to 50 cities at this point. they want to expand that to just around 100 cities about it end of this year. and it's not just cars and taxis that they operate n they also allow you to hail buses for one. and they also have this innovative new app called hitch which allows you to book chauffeurs. for instance, if you had too much to drink on a friday night, you can book a chauffeur and they'll come and drive you and the car home. now who is behind this? who exactly is this person? the co-founder and ceo is a founder of al

cost. >> well per the ashley and john to be like arguing against motherhood and apple paising you don't want the money. no one's come one the a plan over the next five, six months exactly how they are going spend it. they are going this is the money we need. and here is the problem. the current administration wants it with no strings attached not. expiration date and they can transfer it to other departments. they can take this and put it in department of agriculture for o epa. >> right -- >> the 1.9 million comes from you and i with no plan. just goes into the government slush fund who knows what happened to it. >> -- ebola funds. you have the cdc. i'm sure they have a plan. people in brazil are being told not to get pregnant the next two years. do you really want that in this country? give the cdc what they need to get it done. >> they can also take this money from the areas -- there is already profit seeking drug companies in areas that aren't ebola or -- and there shouldn't be government research money there because the companies want to lower your cholesterol. so it is a huge

. there are some from the washington state apple commission last year at a promotional event event they fee equivalent of and within 72 hours there on the tables select other through doing through he is in through because this is the dream they want to have so that they can be the small merchants kind of allies in the u.s. or europe as well as in china and in that constituency the strength comes from representing the interests. i have a whole chapter on the province maybe some of us know the fixtures in this room have come from this trading place. 95% of the world's toothbrushess otoothbrushesor maybe there's a are made there so this crazy element of concentration in this province and what we are beginning to understand i if ths is how propelled the company is but we need to know what is the rise of the private sector what does this mean. this is different from the headlines particularly in washington, d.c. and tomorrow will be the state department and eisenhower to talk about the defense side of things but there is that scary part frankly. but there's also that kind of chinatown a

which is very big price job and brings spotify in line with apple music. >> i have title and apple musi music. >> i have none. >> what is title brook? >> what did you say? >> how is tight snl. >> i love it, obsessed with it. but they -- there are things apple has title doesn't and vice-versa. it was not working just this one but i like title the best. >> interesting i'm still on spotify only. so i am missing out on beyonce and rhianna. >> it was not worth it for me i need beyonce. >> i feel like i'm at the "the talk" right now listening to you ladies, we'll check in with you later. >> a waitress gets a againious tip it was the mess alleging on the check that touch her. >> becky fell son from new york got a 350% tip on this $22 bill along with a special note that reads life is short a friend of mine died please enjoy a night with someone you love. that's sad. this message brought her to tears. >> wow that's amazing. >> so nice somebody would do that you know when they're grieving i felt terrible that her friend it's wonderful to get a tip it's bet to have that person still alive. so

really mind numbingly bad customer service at the apple store. i went home and did what we all do. i bitched about it on facebook. i thought i was funny. >> joe phrased it like i will walk into an apple star -- >> with an armed carbon semi-automatic weapon. >> pointing round after round into one of those smug fruity con seearnings. >> people were responding it was obviously from fight club. >> i thought i was lit aerary until 90 minutes later the s.w.a.t. team were there. everyone has their guns drawn. >> was that necessary? >> if they took 90 seconds to google me they would have seen i'm teaching a yoga class in an hour. i don't have a police record or violent history. >> his local paper suggested joe had been stupid. >> who doesn't vent on the internet. i never thought i could quote a movie, even a movie like "fight club" and bring an s.w.a.t. team to my house. if i didn't answer the door with a sense of humor, who knows what could have happened. >> new york city's police force would not talk to us about their raid. others like talking about what they do. >> i have participated in

, intel. and different problems. apple iphone sales have stopped growing. this is kind of a huge question for them going forward, whether to do anything else to boost sales for iphone and for the rest of the company for other product lines. that's the big question for them. >> we will get to apple in a bit. external dynamics outside of tech, the dollar, if you're bullish, reversing course not reflected in q-1. >> there's a counter story going on. let me read a list of stocks that are up almost 50% or more in the past three months. splunk, up 48%, group on up more than 50. these are the dogs of the tech world. there was a bubble you could argue in these stocks popped a long time ago. people were focused on top tier. those stocks had a little bit of a rebound. certainly off the february lows. they're holding on to some gains they've had in that period of time. what does that mean exactly for startups? i don't know. what's your take. is there some sense that pessimism of earlier this year was overdone or is that kind of another wave of fear settling in now that some stocks that were

apple and everything else. there is irobot down one-third of a percent. thanks for joining us. susan lee, michael, that does it for us "fast money" begins right now. >>> "fast money" starts right now live from the nasdaq market overlooking new york city's times square oil surging. so why does a top-ranked analyst have a buy rating on nearly every single stock in the group? she'll be here to explain. protests over higher minimum wage erupting at the annual shareholder meeting. could robots be the solution to the chaos. we'll tell you what the ceo had to say and the technician says it might be time to take some profits. he'll be here to explain. >>> first, the story that had traders chantransfixed today. >> we're lowinger taxes. taxes are going way down. we're going to allow trillions of dollars to pour into the country that are right now outside of this country where people and companies what. >>> to bring it in and we'll get rid of the tremendous numbers of rules, regulations. >> donald trump reaching 12,037 delegates, the number needed to clinch the nomination. the likelihood of a t

move into health tech like the apple watch and should it? hp enterprise shares are surging in extended hours. this is half of the old hewlett-packard still run by meg whitman and focuses on storage and servers. they are spinning off and merging it with computer sciences core in an $8.5 billion deal. the name of the company will be announced at a later date. joining us is our senior intelligence reporter. what is your take away on this deal? is it something that was expected? guest: it wasn't expected, but it makes sense. one part of the entity focused on hardware, predominately servers and then finding a network to exit the services business to a company that focuses on exactly that portion of the business. it is a good strategy. on acuses the company smaller piece of the pie but the risk is you have an extremely smaller pie you are focusing on. predominately selling to corporate i.d. systems. will that be the long-term revenue growth area? we need services to bolster that, so it remains to be seen, but in the near term, this eel makes sense. emily: what does it mean for meg w

apple. this was expected. we understand india is set to require local sourcing by apple to open stores. one of the few countries in the world where i found is. have stores. we did understand from local authorities that india won a 30% of the iphone components to be made in india to allow apple to open stores. this seems to be confirmation of that. we will get you any more breaking news that we have on iphone. we also talk ifo and germany next. ♪ francine: welcome to "the pulse." i am francine lacqua. let's get to the bloomberg first word news. nejra: chinese officials are said to be prepping their american counterparts in the event of a fed rate hike. the chinese delegation try to find out if a june or july rate hike is more likely in talks later this month. for the u.s.rise central bank to raise rates for the first time since december. the ceo of unicredit has agreed to step down after almost six years at the helm after an effort to improve capital. his successor was named and he and the board agreed there was need for a management change. bayer says it is still optimistic that its

world. let's do apple. tim cook's trip to india may not have paid off. they are not going to be able to open retail stores in the country. this will be the year that the iphone takes off in india. is the group vice president and senior analyst. thank you so much for coming in this morning. we are seeing that investors may not be confident. 27% do you seewn room for upside? yes. nehal: is the growth market so slow that you can no longer get growth out of the iphone. that does not matter. where they do well is once the s-curve,aches the that's when they gain market share. that means more than incremental users. they gain shares at that point in time. they are going to be gaining shares. in india, they are still at the very early portion. they do very well. that's when you have high income individuals adopting a technology. they will do very well over the next couple of years. become very price sensitive users. right now, things are lining up extremely well for the next couple of years. shery: what do you mean by that? when we saw their recent report, we found out that apple may not be

70 million. now we have google, apple, facebook, amazon, collectively these companies are probably worth two trillion dollars. >> host: it is an extro extraordinary thing to think about this. you are saying we will not think about this eventually. >> guest: in some ways every company is a tech company. even the internet is shifting from being an interesting phenomena and in the future it will be taken for granted. i think the internet is on a similar path and i think we will get there when we don't have hyphenated mail. it is called e-mail but one tay it will be mail and same for e-commerce being just commerce. it will take another 10-20 years and we are on the path and the third wave is the next wave of taking the idea and shifting it from being a corky technology think to being a fundamental part of every day life. >> one of the things i admired about you is you strike me as a big optimist -- >> guest: i think entrepreneurs have to be optimist. >> host: there is a lot of debate about the effect technology has had on our world. i am of the view it has been enormously positive. but

could. [laughter] david: what's going on with apple? julie: continuing their recent uptrend, berkshire hathaway giving them a boost. a taiwanese newspaper reporting that demand for the latest iphone could be higher than people have an pricing in. economic daily news reporting that apple asked suppliers to prepare production for 72 to 8 million iphone seven's for the end of the year. be the highest number of orders in years. some analysts were looking for something like 65 million. it appears to be giving the stock a boost today. suppliers as well are experiencing the halo effect. works, corvo,sky just a couple of examples. david: thank you so much, julie. first world news this afternoon? the investigation of hillary clinton's use of a private e-mail server while secretary of state is almost over. the investigation will likely conclude with the democratic presidential front-runner being interviewed. the race for the white house is shaping up to be a contest between the two most disliked decades -- nominees in decades. donald trump with a 60% unfavorable rating. mrs. clinton's

that is the biggest position? >> i was on cnbc and i blacklisted apple on ethical and moral grounds, and that got a lot of attention, so i don't go near apple. >> and other than that? >> but it is going to score one according to the computer model. >> and what about j and j? >> i would not go near it with a ten-foot pole. >> that is why there is a market, my friend. >> nobody on wall street is assigning probability to the headline. >> but it is a speck you lashgs and they have not returned capital since the inception. >> it is reporting 20% learning and i am expecting revenue growth next year, and they have 3.3 billion in cash. >> and that is radioactive waste. >> and dom, you have news on the move? >> yes, it is a stock with no dividend yield and always a point of contention for the valuatio valuation, and we are talking about the shares of tesla solidly higher today, and helped along with an upgrade over there at goldman sachs and they have 18% higher than where it is currently trading. the positive part of their end is the drop and stock prices, and the bullish orders for the mod

move out. when they open their fat mouth and crush the market. and then there is apple. which also managed to rally today. okay. apple is caught in one of the most sensational tugs of war i have ever seen. sensational because tony, the incredibly powerful bernstein analyst, is now on both sides of the poll. he said that apple has lost the wow factor in part because it doesn't spend enough on r&d. it was damage. today, a new day. he is quoting me for hechbl's sake saying apple stock can double if it develops family packages, similar to what we pay to verizon or at&t. i've been saying this about apple's second largest apple stream for a while. maybe it is starting to resonate with analysts. the recipe for a trill dollar market cam. apple as a service people. the note from yesterday. is apple under investing a sumfully two pages? if you didn't know any better, you would think there are two tonies from two different firms. i think it is more like tony, the imaginary friend in the shining. finally, there are two techs that grew. they're trading higher tonight. cisco and sale force. it i

apple right now is a big question. is apple overvalued. deirdre: not at 95. >> i know you probably own some. do you own some? deirdre: i actually don't. >> but that was, i was making a joke. deirdre: no, i wish i did. i wish i did. >> but the real question is, do you buy equities right now in this environment? i would just say this. if janet yellen is not raising rates -- >> i understand what you're saying. >> what is the rationale that we're going to? >> that is a trade. what you laid out before was exactly janet yellen es point. janet yellen said eventually people have to put money it stocks or riskier assets that helps economy. but it hasn't happened. as charlie said at beginning, people are save money in cash. people are stuffing their mattresses. >> you just made the argument for muni bonds. i'm not saying puerto rican muni bonds. i'm just saying, i go, if i have a few bucks i go and buy a new york state municipal bond. i don't think the state's going bankrupt just yet. >> well if they bail out puerto rico maybe illinois is next. so muni bonds could go bad. >> new york state,

next? let's check in with abigail doolittle. apple received a setback in india. the government is requiring apple to source components locally if they want to open apple stores. in other news, hp enterprise shareholders woke up to find themselves wealthier by $8.5 billion. all of the shares are sharply higher. tiffany's shares are down sharply after the company store sales were down 9% >. sales in europe were even worse. shares are unicredit higher. the ceo federico ghizzoni is being replaced. he is thought to be out of touch with shareholders. time for first word news. in albuquerque, a protest outside a donald trump rally turned violent. demonstrators burned t-shirts. police pepper sprayed and through smoke grenades. protesters disrupted trump inside. has arrived in japan. he will attend a summit of the g7 nations tomorrow. he will become the first sitting president to visit hiroshima, where the u.s. dropped an atomic in 1945. a new report says a brexit could force the u.k. to extend austerity measures through the next decade. it says britain may face a budget deficit of $44 bil

takes a bite into apple as the shares arising after berkshire hathaway stock1 billion of company and the oracle of omaha has shunned tech companies in the past but what has changed? crude oil is jumping to the highest levels in six month after goldman sachs increased its price forecast adding that there is a sudden halt to the output surplus. about 90 minutes into the trading session in the u.s. a let's go back to the markets desk and julie hyman on this rally. julie: we are definitely gaining some steam as the day goes on. all three major averages are at the highs of the session and the nasdaq is leading, up about 39 points as the dow gains more than 100 and the s&p 500 gains 13. let's look at the biggest contributors to the s&p 500. we have talked about apple and it is on the list. it's gains are accelerating and it's now up about 3.5% on the berkshire hathaway news. general electric, home depot and exampleger is an of the energy lift along with higher oil prices. as for his individual percentage is thefreeport mac moran biggest individual gainer and the price target has been raise

streak. the best boost are the shares of apple based on the news that apple is investing $1 billion in a chinese right healing started. it's a bit of a blow to her in china. it does show is that apple is out there looking for new growth opportunities. pacific crest eddie hargrave without saying that he sees somewhat limited downside to the apple supplier. some may take from this he also sees an inflection point ahead for the slumping iphone sales. a slump that yesterday caused the shares of apple to variously breach longer-term support, which is typically a bearish event. we still probably are going to have a lot of exciting action and news ahead for apple. betty: any notable laggard today? afterl: western digital they were downloaded from underperform. issues like higher debt levels and increasing share count. shares of western digital are down more than 60% over the last 12 months on weakening fundamentals. it seems that a turnaround is still out of sight. betty: abigail, thank you. let's check in on the bloomberg first world -- first word news. economythe euro area was slightly l

cash explaining the sub optimal performance. first is apple. down 8% year to date. despite having more than $233 billion in cash. apple used to be a great growth stock but the market has decided that its growth is a thing of the past. even without backing out the cash, it has 11 times earnings. the average stock on the s&p is 19 times. that's an incredible comedown for the largest company on earth. it tells you exactly how little people think of its cash position. let me say from the outset i think the market is valuing the company incorrectly. market doesn't care that spam a service business growing by leaps and bounds. i'll bet the service revenue stream which includes the place you store your pictures could take on a much more pronounced role if the company used its money to boost the service. right now, it seems like an affirmation of the judgment that apple is a no growth company. that doesn't endear itself to the big growth companies. more important, there is a commonly held belief the forth coming iphone 7 will be dead on arrival. that's what we're hearing. no one has even

to own that will eat google and apple's lunches. >>> plus, look at nordstrom. the latest retailer to tank on earnings. ubs says it doesn't matter which one of these two people becomes president, the market no matter what is going to see a major shakeup. the strategist behind the call is here to explain. two mega cap tech giants but not apple or google. we are focused on facebook and amazon. check this out. both companies near all-time highs today and both companies near equal and market cap. are these tech stocks the ones you need to have in your port follow -- portfolio right now, guy? >> steve has been all over this but given the valuation and run and the stability of earnings, facebook is the name for me. >> what do you say, dan? >> if you're picking a would you rather, i'd say facebook -- >> if you didn't have to pick. both? >> listen, i have a lot of fundamental issues with amazon. if you k llook out five years, facebook will be more valuable. i can't tell you what will happen from now and then. amazon, karen and i were talking this company had a cumulative $500 billion in sa

regionwide greek economy shrinks the most. betty: apple is placing a bet on uber's big rival in china. with a two-year low, is it anything to get investors excited about? where apple is putting their money, finally. let's head to the markets desk where julie hyman has a look at where investors are putting their money. much and stocks. after we got retail sales numbers earlier, we're just getting university of michigan consumer's been a, better than estimated like the retail sales were better than estimated, coming in at 95.8. expectations better than estimated, 87.5. when you look at the retail sales number, that defied expectations as well. even if you back out cars and gasoline, a cayman better than estimated. a lot of that strength because of non-store retailers. because of e-commerce. that number includes catalog and direct mail sales. nonetheless, it looks like e-commerce, and -- accounted for each some of these strengths. a bit of a muddling along to end the week. take a look at the groups on the move. technology a strong, only at .4%. consumer discretionary leading the losses,

is supporting crude. apple jumped the most in 10 weeks amid a $1 billion vet by warren buffett. berkshire hathaway has confidence in the product line, including the new iphone. let us know about today's top stories by following the on twitter. the big open, china and hong kong markets open in 30 minutes but malaysia has just come on. here is julliette. a lot of tailwinds. julliette: i wonder how many it could buy, but we are seeing a big pickup in tech stocks after the surge from warren buffett. $1.1 billion stake revealed towards apple. also on the back of that rise in crude oil and the rally we saw in wall street. half of 1% with exports today. electronic-ail and exports but they will do better than thae month. malaysia is pretty flat. we are seeing some weakness coming through, 2/10 of 1% but there has been a number of stocks that have risen substantially. it is actually up to 21% but has risen as much as 29% to a record. that is stocks on that company. up half of 1%, seeing some good games on the weaker yen. tomorrow, japan's steel work cutting its forecast, down by about 8

him. >> up next we have big news from the big apple. >> if you're going to do something big you're in the right place for it. >> garth brooks back in new york. how he is planning to top his historic concert. >> plus a rare oleson sighting. are they smiling? -p>> and bathing suit beauties. plus chrissy teigen on her baby weight battle. >> i was really going through weight battle. >> i was really going through those donuts. this price is so low. trying to make me eat my greens? no, just trying to save you some green. whaaat?! thousands of blue tags. thousands of low prices. my giant. dear fellow citizen, i know what it's like to have a big family - mine's still growing! my home equity line of credit helped me make room for everyone. call 1-855-422-4741 use it to renovate your home or just have it on hand for whenever you need it. if you have a question about a home equity line of credit, ask me. sincerely, karen peterson fellow homeowner and fellow citizen. call 1-855-422-4741 to apply now. fellow homeowner and fellow citizen. yeah. we love low prices. no bones about it. [ laughter ]

. >> sure do. thanks, bob. one stock that is holding up in today's slide, apple. the shares are higher following eight straight days of losses. you can see higher by 1.5%. a lot of the concern over apple recently is squarely focused on china. you might israel of the week billionaire investor carl icahn made a bombshell announcement on apple right here on "power lunch." >> i got out for the purposech -- because i'm worried about china and i have a huge profit. being that said, i hope one day to get back into it. >> last night apple's ceo tim cook came out swinging defending apple's sales in china and in an exclusive interview with jim cramer. >> here's what i see in china, we see in china is the middle class there is booming, and so you look back just five years ago. there were about 50 million people in the chinese middle class. five years from now that number is going to be almost 500 million. i mean, this is an unprecedented growth of the middle class. >> but you left that out on the corner on the conference call. parsed every word and you did not talk about middle class which made u

-- second year in a row and burberry's. apple chief executive tim cook makes his first trip to india with the prospect of one billion new device sales. we will have details on his visit as the company pushes for its first retail stores in the country. it is 90 minutes into the trading session in the u.s. i want to head to the markets desk where bloomberg's julie hyman has the latest. the decline of the inventory numbers we saw for oil. julie: stocks are sort of bouncing between gains and losses. the nasdaq remains in the green, but the dow and s&p, little changed. maybe that will change after this afternoon's fed minutes. take a look at the bloomberg for the imap. we have a pretty direct split between red and green. care financials, health are trading higher. financials getting a boost as we see bond yields move higher. on the downside, consumer staples and discretionary shares leading declines, and that's because of target earnings. missedore sales estimates. its losses are accelerating here in terms of the stock, now down by 10%. the biggest one-day decline in about seven years. walmart