hanzle's hacker group has warned apple tech engineers as soon as possible before their identity is revealed leave this terrorist company. two days after zelensky expressed his satisfaction about the role of american f-16s in the recent operation in ukraine, the downing of the first f-16 fighter was confirmed. some sources say the russian sukhoi fighter has shot down the american f-16. a pentagon official also said: there are speculations that this plane was shot down by internal air defense fire. the wall street journal also wrote that it seems that the jet did not crash but due to pilot error. ukrainian authorities, of course , denied this claim without mentioning details. cn killed this pilot great loss for. raine dogan, who was one of the few pilots who was trained to fly f-16 fighter jets. about a month ago, zelensky announced that after two and a half years, he was able to acquire expensive american fighter jets for operations inside ukraine. 5 people were killed and several injured in japan due to the fierce storm shan shan. at least 5 million residents of the southern island of kyush

henzale's hacking group warned the engineers of apple tech before revealing their identity. leave this terrorist company as soon as possible. following last year's flood in greece, hundreds of thousands of dead fish have flowed into voles port in the center of this country. these fish belonged to fresh water, but after the flood, they were transferred to the sea and perished due to the difference in salinity of the water. covered floating lodges. the silver paint around the port created a bad smell annoyance of the residents and concern of the authorities. volos region has suffered heavy economic consequences after the flood last fall and the number of tourists to this region has decreased by almost 80% compared to last year. in recent years, greece has seen an increase in storms and severe floods, which scientists say is the result of climate change. japan's aging population has reduced the labor force in this country, the working-age population of japan in two decades. in the past, more than 11 million people have decreased and it has caused a decrease in the labor force i

the report cards of tech giants amazon and apple didn't do much to lift the mood either. north america business correspondent michelle fleury has more on what sparked that sell—off. not even arm is on could lift wall street out of its function as in the e—commerce shine fell after reported sales grew 10% to $148 billion. that mark the slowdown from the prior quarter and its forecast further weakening in the months ahead. it wasn't the only take from either her results left investors with a sour taste. intel stock plunged after the chipmaker said it plans to cut 15,000 jobs and announce disappointing results. and sales psychosocial media company snap, the only bright spot was our pool which reported solid revenue despite a drop in iphone sales. wall street's jitters started even before big tech earnings came out, the dow fell nearly 500 points after weak economic data sparked fears that the fed won't act fast enough to avoid a recession. a key gauge of manufacturing activity, the index, fell to its lowest level since november. now with markets reassessing the health of the

it was it has slashed its stake in tech giant apple by nearly 50%. that's according to the company's quarter earnings report released on saturday. the sharp selloff is notable for ceo warren buffett, who is known for holding on to stocks for long periods of time. all right, let's talk olympics. team usa is celebrating this morning after a weekend of big wins. the 100 meter race was one of the closest races in olympic history. you can see jamaican runners starting to celebrate his first place win. but after a photo finish review, turns out american noah lyles crossed the finish line first. he won by five thousandths of a second. wow and set a new personal best. congrats to him. well, last night was the final night of swimming at the paris olympic games and team usa went out with a bang. the usa broke two world records. bobby finke set a new record in the 1500 freestyle and in the women's four by 100 meter relay. take a look at this. a strong lead by team usa lilly king, gretchen walsh and tori huskey secured the gold and set a new record, adding to te

eastern on fox business. >>> let's have a look at big tech, please. apple is down now.nner and that's meta. back to $500 a share, a 5% gain today. senior research analyst dan flax is with me this morning. two big reports this afternoon after the bell, apple and amazon. deal with apple first, please. what are you expecting? >> i expect that we'll see continued execution on the product cycles with iphone where they're seeing some cyclical softness. really the focus is next month with the launch of iphone 16. apple intelligence which lays the foundation for a stronger cycle as we think about the next 12-24 months. i think services remains healthy and, importantly, this broader ecosystem remains vibrant. so i continue to think apple remains well positioned. stuart: okay. $219 a share as of right now. do you have a target price over the next 12 months for apple? >> i can't give you a specific target, but what i would say is that this is a company that generates over $100 billion of free cash flow annually. and so you take their iphone franchise which is durable given the con

the report cards of tech giants amazon and apple didn't do much to lift the mood, either.orth america business correspondent michelle fleury has more on what sparked that sell—off. yes, not even amazon could lift wall street out of its funk. shares in the e—commerce giant fell more than 4%, after its reported sales grew 10%, to $148 billion. now, that marked a slowdown from the prior quarter, and it has forecast further weakening in the months ahead. it wasn't the only tech firm, either, that left investors with a sour taste. intel's stock plunged after the chip maker said it plans to cut 15,000 jobs and announced disappointing results and sales site that social media company, snap. the only bright spot, apple, despite a drop in iphone sales. wall street's jitters started even before big tech earnings came out. the dowjones fell nearly 500 points after weak economic data sparked fears that the fed won't asked —— act fast enough to avoid a recession. the ism manufacturing index fell to its lowest level since november. now with markets reassessing the health of the us econom

the report cards of tech giants amazon and apple didn't do much to lift the mood, either. north america business correspondent michelle fleury has more on what sparked that sell—off. yes, not even amazon could left wall street out of its funk. shares in the e—commerce giant fell more than 4%, after it reported sales grew 10% to $148 billion. now that marked a slowdown from the prior quarter, and it has forecast further weakening in the months ahead. it wasn't the only tech firm, either, whose left investors with a sour taste. intel punched after the chip maker said it plans to cut 15,000 jobs and announced disappointing results, and sales sagged at social media company, chris nat. the only bright spot, apple, despite a drop in iphone sales. wall street started even before big tech earnings came out. the dow jones fell nearly 500 points after weak economic data sparked fears that the fed won't act fast enough to avoid a recession. a key gauge of us manufacturing fell to its lowest level since november. with markets reassessing the health of the us economy, the government's

now this of course is a big step for apple as it's the last major tech company to double down on ai integration. and there's still a lot of people who are unfamiliar with how software like chatgpt works. it sounds like apple's keen on expanding that network with other ai partners. >> yeah, apple kind of teased during its wwdc keynote a few months ago that open ai isn't the only company they're looking to collaborate with and think about companies like google that are, you know, expanding things like gemini, which is their version of ai. there have been rumors about potentially apple and google working together and collaborating on ai, but we still don't know yet if that will happen, when it will happen. but again, that that really key thing here is that if ai is baked into your iphone, something you already use, if you're not inclined to use ai and other any other capacity, if it's on your iphone and you want, you know better search results or you want to chat, you know with with siri, but you want to level it up a bit and use chatgpt, it'll just, you know, make that more accessible for more pe

also, layoffs at apple, where the tech giant is slashing jobs and what that means for the company moving forward. and it may not be the early bird special, but eating dinner early in san francisco is a reality. the new study that shows where the city ranks and how restaurants deal with it. the news at 530 starts right now. thanks for joining us. i'm audrey asistio and i'm raj mathai. history in the south bay. for the first time, superior court judges in santa clara county held an official event to support members of the lgbtq community, specifically for those people who want to change their names and gender markers on legal documents. nbc bay area's robert honda joins us from the old courthouse in san jose, where people gathered to celebrate. today is a significant day for the lgbtq plus community and for judges and those who work in our judicial system. as well. it was billed as the first annual name and gender marker. change. day of celebration. superior court judges celebrating those who have obtained or planned to obtain a new name and gender marker here in santa clara county. there

also, layoffs at apple, where the tech giant is slashing jobs and what that means for the company movingward. and it may not be the early bird special, but eating dinner early in san francisco is a reality. the new study that shows where the city ranks and how restaurants deal with it. the news at 530 starts right now. thanks for joining us. i'm audrey asistio and i'm raj mathai. history in the south bay. for the first time, superior court judges in santa clara county held an official event to support members of the lgbtq community

this is not the right time to sell apple in my opinion.e have been talking to investors and you buy apple on weakness today. >> dan, as we come into the start of the equity trade, what are you watching? if you take a step back and think about this, who is to blame for the selloff we are seeing right now? is it weak data or the fed or the tech ceos who got up on stage at the big events in leather jackets and promised us the world in a.i. and failed to deliver? >> i feel it is the yen carriage rate falling apart in terms of what we saw here in japan obviously triggered and contributed to the nervousness with the jobs numbers and ism. the a.i. revolution, this is not denting that. we're in a once-in-a 40-year buildout in tech. nothing we have seen in any way takes away from that. i get the bears will come out. this is a nervous period. i don't view that we look back at this day and say this started as a tech market that just goes south from here. i think this is one where it is more of a buying opportunity and it continues to be. it's not tim

all techs on ukraine and some of these apple it so, so far away that basically none of the rest of the systems that ukraine has for now would reach them. but yeah, it is something that people here and you credit or to be aware of it is very expensive and very difficult to try and except every single me. so it is much cheaper to try and destroy the planes. and the apple infrastructure that allows these attacks, we've seen ukraine already trying to attack these facilities with its homemade drones. some of them are happy and reaching these areas, but they're not powerful enough to make enough of a difference for now. so, you know, there's a real hope here. i think people would expect in the west, it's to change its position of to at rush. it came into active region and made that, you know, that change of policy has already made a big difference for us. if you'd like cod given to me that and now compared to the quotes they were and is a real hope here that you're the west might eventually realize that pretends red lines. that means as much as maybe was previously assumed. a cost on an econ

a federal judge ruled that payments the tech giant made to apple and samsung to make google �*s searchlt option on smart phones and web browsers violated us anti—trust law. in its 277 page ruling, thejudge in washington wrote: it concluded: it blocked rivals from succeeding the market. it represents a major setback for google and its owner, alphabet, which plans to appeal the decision. a spokesperson for the company, can talk it, told the company, can talk it, told the bbc this decision recognises google offers the best search engine, but concludes we shouldn't be allowed to make it easily available. now, the routeing is vindication for america's anti—trust regulators. the justice department with file that has nearly four years ago when donald trump was president, hailed the outcome as a historic win and said it will continue to vigorously enforce anti—trust laws, no doubt sparking fear in the corporate offices of some of the big tech giants. it is not yet clear what this will mean for the future of google �*s business. this decision only about google's liability, not about google's li

two more mega-techs report later today, apple and amazon. investors looking for solid performance from both. their stocks are up in premarket action this morning. politics. well, there's lots to to go at there. donald trump held a contentious discussion with black journalists. the questioning was hostile and focused on race, but he showed up. kamala harris did not. she can't find time in her schedule until sometime in september. harris has her own basement strategy. she hasn't had a press conference since she became the nominee. last night if trump held a raucous rally in pennsylvania. he said he would commit to a debate. where's the president? he's making very few public appearances. karine jean-pierre got into a testy exchange when asked if the president was done governing. no, he's not, she said. back to the markets, and look at interest rates coming down. the fed says a rate cut is on the table for september. the 10-year treasury yield is moving closer to 4% even. you're down to 4.003% as of now. the 2-year moving closer to 4.25 the, rig

tech news. apple is set to announce its new iphone 16 next month.ou can expect a significant siri update and a slew of new camera and ai powered features. we spoke with abrar al-harthi, a tech reporter with cnet, on our 3 p.m. show about what's to come. >> if you're like me, you've kind of been waiting for siri to get a little bit more conversational, a little bit more useful. that's something that'll be happening with the rollout of apple intelligence. you can also have ai powered writing tools. so if you're drafting a message, it's kind of baked in similar to what other companies like google and samsung have rolled out recently. and the really big thing here is that, you know, when you're using something like siri on on the latest iphones, you'll have the option to actually use chatgpt. there will be an integration there so that if you want, you know, more thorough responses, more in-depth responses, you can access chatgpt from open ai. >> we're also getting a sneak peek at apple's latest watch series. apple watch ten or x. heidi says it's likely

the cuts impact the apple bookstore and apple news as the tech giant shifts its focus to other divisions overnight. at&t says it has fixed a software issue that caused outages for some wireless customers. emergency officials saying the issue affected the ability to call 911, a popular weight loss drug is getting a price cut. eli lilly says it's slashing the cost of zep bound in half. that's for single use vials instead of pre-loaded injector pens. under the new pricing plan, a month's supply of the lowest dose of the drug will cost about $400, and lottery fever is back after no one matched the winning numbers for tuesday's mega millions, drawing 627 million now up for grabs in friday night's drawing no one has won the big prize since june 4th, and talk about new heights brothers and nfl stars jason and travis kelce. well, they just inked a deal with amazon for their popular new heights podcast, it's reported. get this to be worth a whopping $100 million. amazon's wondery has bought the podcast distribution rights and the backlog of episodes. well, a new art installation has caused a stir

tech, meaning your netflix, googles, amazons, apples, nvidias, microsofts.like oracle and amd and broadcom and qualcomm, but i think what people are missing is in five years we're kicking ourselves that we weren't buying this dramatic pullback and it's own a bit of everything and good old fashion stock picking with the overall theme quite frankly of normalization and loudly on monday, this was a normal pullback in august very volatile and negative friday, a lot of fear over the weekend and a monday selloff that made the bottom. the bottom is in place and not going straight up but you have to be very did i have gent in stock picking for the -- diligent for the stock picking for the year. stuart: s&p 500 around 5,300, somewhere around that area and you think it's going to 5,600 by the end of the year. make your case on that, please. >> original target was 5100 and put that piece out in november of last year and the average target by wall street was 4300 and upped in early june to 5600 and then the average -- now the average price target is around 5800 and wall

big tech earnings coming up after the bell today including apple, amazon and intel.back from the summer games in just a moment. [window slamming] woman: [gasps] [dog barking] ♪ woman: [screams] ♪ [explosion] [explosion] ♪ [lock clicks shut] it will take billions of solar panels to power the world today. aes is making scale like that closer to a reality. introducing maximo, our new ai-enabled solar robot, designed and built in america. with max on the team, aes is transforming how solar farms are constructed. what was once strenuous is now faster. safer. smarter. at aes, we designed max with powerful features that accelerate solar construction. high-speed robotic arms do the heavy lifting and precise installation. while safety sensors keep workers protected. advanced computer vision powered by generative ai delivers exact panel placement. and a mobile microgrid gives max the endurance to run carbon-free for extended shifts. at the heart of max, a supercharged gpu empowers it to learn and adapt. solar energy is changing the world. aes is changing the world of solar. (♪

in the meantime, a new round of layoffs at tech giant apple. mercury news reports that the company handed out pink slips yesterday to 100 workers in its digital services group. insiders say the rare move is part of a shift in priorities for that division. they say that the biggest job cuts affect service teams working for the apple books app, the apple book store and apple news. some engineers are also out of work. earlier this year, you might remember apple laid off hundreds of workers when it closed its self-driving car projects and stopped plans to make micro-led displays. we did reach out to apple for comment, but have not yet heard back. students across california have been protesting against the war in gaza by setting up encampments, and at san francisco state university. it seems the protesting has worked. activists who call themselves students for gaza are going to hold a rally tomorrow at the university quad at 1215 in the afternoon to announce that the university has met their demands. the group says that the school has agreed to dive

a few bright spots, though within tech. apple is leading the pack. are also still green. >>> my next guest says now it's time to buy the dip, too. good to see you back here. your phone must have been going crazy on monday. we said you're one of top five advisers ranked by barron's. what's this week been like? >> my first experience with eye-popping decline was back in '87, and we've seen many since then. we've developed a playbook to deal with all of this and guard client capital. the catalyst here was a disproportionate decline in the market relative to the tepid economic data, so likely caused we're at 22, 23 times earnings. really it's a type of volatility we're going to experience going forward. my phone rings, and it's about asset allocation. it's about the move we made last year, where we allocated to long-term tax-free municipal bonds, and clients wanting to be opportuni opportunistic. >> were you a buyer on monday? >> no. we there about as on concept called two steps and a stumble. we're still fully invested, but you have a market which goes

. ♪ ed: time for talking tech. took the rest at cutting out 100 jobs in its digital services group according to sources paid the layoffs included engineering roles in the biggest cuts remain for the team responsible for the apple books app at apple bookstore pretty layoffs are relatively rare. four rounds of reductions in 2024. apple declined to comment on the cutbacks. this is the timing of the lithium project remains up in the air as the chinese electric vehicle juggernaut continues to negotiate with authorities in the south american nation. byd was granted access to preferential prices for lithium carbonate, but terms of yet to be settled. supermicro shares plummeted after the company delayed filing its financial disclosures. comes a day after shortselling hindenburg release to report with blaring red flags, evidence of transactions and other issues of the server maker. it's not updated financial results for the prior quarter of fiscal year. caroline: that is a big share reaction for supermicro. there seems to b

and it begins with megacap tech and apple seeing a slowdown. amazon margins narrowing while announcing plans to ratchet up ai spent. >> we'll keep an eye on big oil and tensions in the mideast. exxon banked one of its highest ever profits for the second quarter. chevron's earnings did miss expectations. we're also going to watch chip stocks, of course, nvidia certainly but what about intel. shares will be down sharply on news of a cost-cutting plan. the company will slash as many as 15,000 jobs. >> let's get right to the sell-off. the s&p and nasdaq on pace for their third straight week of losses as we digest megacap tech results and jobs number today. hiring did slow sharply in july. jim, yesterday, you said you thought the fed probably should have moved in july and now the market is looking at 50 in september. >> thank you, carl. yeah, i think they misjudged the month, the fed. it was a very weak month, not a lot of jobs created. a lot of things that happened in the economy and also things that happened in the other world, the real world, in

time for talking tech, and apple pushes ahead with a tabletop robot.pany is moving forward with the development of a tabletop home device that is said to -- to combine an ipod device with a robotic limb. they have several hundred people working on it as it searches for new sources of revenue. nvidia scrapped -- scraped millions of youtube videos without consent from creators to train and develop its ai models according to a new federal lawsuit filed in california. they allegedly instructed employees use tools to download videos and evade detection in an effort to train cosmos ai video projects. clarna is close to choosing to have guard -- goldman sachs leave its ipo. the company is seeking evaluation of $20 million. deliberations are going and details can change. caroline: talking of companies currently private and doing some bid grounds, anduril has raised 100 -- billions of dollars and plans to spend billions on a facility to manufacture rockets, vehicles and autonomous systems. coming up >> for -- the cofounder. that puts a big chunk of change for $

nvidia, as you see, mega cap tech player down 8.5%. apple down over 7.5%. nearly 8%.e are checking the bond market and the yields hitting the lowest level in months as the prices for bonds surged. benchmark 3.75%. the two-year below 4%. the 30-year hovering just above a 4% read right there. we want to take a closer look at the tlt. that tracks the 20-year treasury prices. sharp move to the upside from friday. a lot of people calling this a flight to safety. up over 5.5%. again, we will talk more about bonds throughout the show. we want to look at cryptocurrency. assets lost in the crypto space. you can see bitcoin down 11%. xrp down 12.5%. ethereum is hard hit with litecoin down 15%. as we said, a sea of red on wall street and overseas. japan and europe. we have silvia amaro in the london newsroom and we have jp ong in asia. silvia, over to you. >> good morning, frank. indeed, those concerns started stateside about the potential u.s. recession are having ramifications across the global. the benchmark stoxx 600 is trading at a six-month low. as you see to my left, it i

it's leg and leg with apple and amazon.tfolios on the wealth side at blue line capital. i think the data that e we've seen falling behind providing to the chinese company and what nvidia is talking about the china central, a regulated chip in the u.s. it's important. but if they miss you have to look at other places, health care, financials. one of the things we're liking to lean into is materials. and those factors you discussed that we're looking at really favor materials so we're looking at contingency plans if nvidia misses or the market interprets their report poorly it could put tech on hold for a couple of months. >> i know you're looking at energy also. we'll show a chart in these moves since friday, jackson hole, jay powell inferring we're getting the cuts. are you looking at the middle east tensions giving the energy sector a boost? >> no doubt that the tensions out of the middle east got things -- you know, started to move higher at the end of last week early this week as well. of course, the force in libya, that

tech experts say the company could also launch its newest apple watch series and two new versions ofirpods. uber has been fined $324 million for allegedly violating a european privacy law. authorities in the netherlands accused the rideshare company of sending personal data on european drivers back to the u.s. over a two year span without adequately protecting their information. uber has rejected those claims and says it will appeal the fine. >> walmart has recalled nearly 10,000 cases of apple juice. the fda discovered walmart's great value brand apple juice could potentially contain harmful levels of inorganic arsenic. the juice was sold in 25 states, but not here in california. the agency stresses the chemical may cause temporary health problems, but won't likely cause lasting or serious medical issues. >> up next, investigating the attempt on donald trump's life, why lawmakers took a trip to pennsylvania to look at the security lapses up close. >> plus, it is the first of its kind in north america. i'm christien kafton coming up, we'll introduc you ktvu christien kafton tells us

tech analysts say that the company will show off its newest iphone and apple watch models at a press conference in a few weeks. apple hasn't confirmed anything, but it is believed that the new iphones will have bigger screens. a redesigned camera and more color options. people are especially excited for the new operating system. apple says this year, software will eventually include apple intelligence. that is the name for the different ai features included in ios 18. the launch event will take place on september 9th. meanwhile amazon is partnering with a company named goodrx to open its first grocery store in california, and we're told that it is completely free. it's located on the campus of doctor martin luther king junior academic middle school in san francisco, and will provide hundreds of students and their families access to fresh produce, meat, dairy and shelf stable foods free of charge. goodrx, which is based in atlanta, aims to eliminate food waste and address food insecurity. their new store is being funded by amazon and using space donated by the ymca. and if you're an o

. >>> apple fans, look out. latest product models early next month. the promotional event will be streamed online on september 9th. it will likely feature the rollout of the latest iphone, digital watch, and airpods before they're commercially available. >>> and olive garden's never-ending pasta bowl is back. starting today until november 17th, the restaurant chain is offering the deal at locations across the country. $13.99 will get you endless pasta, unlimited breadsticks, plus a super salad. that's your "cbs moneywatch" report for this tuesday morning. i'm shanelle kaul, cbs news, new york. >>> well, up next, a frightening fall. an aerialist slips during a live performance. ll. an aerialist slips during a live performance. my symptoms got worse over time. my eye doctor explained the root was inflammation—so he prescribed xiidra. xiidra works differently. xiidra targets inflammation. over-the-counter drops don't do this. they only hit pause on my symptoms. but twice-daily xiidra gives me lasting relief. xiidra

well, in apple, when israel at tech, the uranium and the embassy in damascus and, and then you have seen that you're writing and say, that's well, we change the rules of engagement. so far, normally until that time off to that time, the rules of engagement between israel and here on was that in case of, in his ready attack, radians with the respondent need they approx. let me just let me just let me just interrupt you. that 1st, 2nd, right? so i'm sorry for that. let's just go back now to the live pictures cuz we want to different how do you that height of who's, how much is deputy in go the rest of the listening to what he's saying is somebody you hadn't the, was the unify, this nation and to support this nation and to unify the nation and to resist for the sake of liberating the but it's fine is blood today come from this. the nation today is carrying these coffins. and the nation today is raising the flag of jihad and resistance towards the goal of liberating by the side. and then just as an emerald gotten me on it is that i'm your own and you will send one more taxi me. courtney just

apple is down $4, that's 1. why, what's with big tech? a seems to be coming out of -- i'm not going to call it a bubble, but the air's coming out. >> it's due for a correction, and i think that's what you're getting right now. bottom line is expectations are so high for tech. but meanwhile, we've had this magnificent rotation into small caps still up over 4, 5% for the month. we've seen money go into a lot of different asset classes. lauren: let's focus on amazon down 7-8% before the jobs report, nowst down 9%. they are noticing a consumer that is cautious, a slowdown in the economy. e-commerce sales growing at a slower 5% pace. stuart: you're reassuring a lot of people, and that's all good stuff, ryan. i've got to move on. hold on a second. marine veteran paul whelan if "wall street journal" reporter evan gershkovich are back home in the united states after being imprisoned in russia. this is a prisoner swap what's the president saying? lauren: the president said that allies, friendships and diplomacy allowed for this joyous homecoming a

a major shake-up for bay area based apple. the round of layoffs announced by the tech giant.ng up in our moneywatch report. >>> and a group in santa clara county is turning farmland into wetlands. their efforts to combat severe flooding in their community. that'sup next. i'm so sorry jack about the mess that big yellow and i made. yeah, is there any way that i can make it up to you? actually, you could help me promote my new $6 big deal meal. you think i could be bought, you son of a— hello. this is only showing in japan, right? i asked deadpool to show off my 100% all white meat spicy chicken strips. ...not really what i had in mind deadpool. starting at $5.50! with brand new dipping sauces. see marvel studios' deadpool and wolverine in theaters july 26th. welcome to jack in the box! >>> welcome back. this morning at&t says service is back up and running after some customers said they couldn't make phone calls. it happened last night in city like dallas and chicago and new york. government notices warned customers that the outage could prevent calls to 911. at&t apologized f

tech news. apple is set to announce its new iphone 16 next month. a significant siri update and a slew of new camera and ai powered features. we spoke with abrar al-harthi, a tech reporter with cnet, on our 3 p.m. show about what's to come. >> if you're like me, you've kind of been waiting for siri to get a little bit more conversational, a little bit more useful. that's something that'll be happening with the rollout of apple intelligence. you can also have ai powered writing tools. so if you're drafting a message, it's kind of baked in similar to what other companies like google and samsung have rolled out recently. and the really big thing here is that, you know, when you're using something like siri on on the latest iphones, you'll have the option to actually use chatgpt. there will be an integration there so that if you want, you know, more thorough responses, more in-depth responses, you can access chatgpt from open ai. >> we're also getting a sneak peek at apple's latest watch series. apple watch ten or x. heidi says it's likely will will be

big tech, apple, nvidia -- i'm sorry, yes, apple, nvidia, alphabet on the upside, amazon and microsoftore. microsoft off $2. the yield on the 10-year treasury has been moving up, and it's up again this morning. you're now at 3.if 86, just a few days ago it was3.. -- 3.78. now this. when the bad news rolls in in this election year, the democrats deny and ignore. case in point, the report that the economy added 818,000 fewer jobs than reported. here is secretary that of commerce if gina raimondo interviewed by abc. >> when you hear that, do you potentially think that those new numbers could be a liability for this campaign? >> not. when i hear that, first of all, i don't believe it because i've never heard donald trump say anything truthful can d. >> it is, though, from the bureau of labor. >> i don't -- i'm not familiar with. that. [laughter] stuart that's extraordinary. how come the secretary was not familiar with the jobs report? just ignore the bad news, move on. what will harris do? how does she pivot from claiming we have a booming economy to acknowledging that the jobs market is w

make cap tech names bearing the brunt, nvidia and apple seeing very -- mega cap tech names bearing theg very sharp changes. bank of america over the weekend saying, we see any selloff as an enhanced buying opportunity. we don't get the earnings of the month's end. dani: it is scary to step out in front of these right now because of how long people have been and the fact that they are still up this year. maybe not microsoft, but since 2022, this is an s&p that is still up from 20%. nvidia still of 830 3% from 2022. there are going to be people who are still long this thing and still sitting on gains. that's not something that the selloff at this moment can stop. there are plenty of people who can sell. jonathan: that selloff continues this morning. kamala harris expected to announce her running mate in the coming days. she had weekend meetings with arizona senator mark kelly, pennsylvania governor josh shapiro, minnesota governor tim walz as well. meanwhile, harris and former president trump different over debate, trump called for a debate hosted by fox news. i think for the politics, y

microsoft, salesforce, amazon, apple, intel, all the big five tech stocks that are in the dow jones industrialrage. you add these up and it's more than half the decline in the dow jones industrial average for the day. big drop in stupor micro. that was on a big report yesterday that was controversial. and you see that's now down 24% today. but elsewhere, look, and i think it's worth mentioning, we're about even on the advanced decline line. banks are up, utilities are up, health care is up, industrials. this is a pretty broad advance. and even the new highs are expanding. i've been talking about bank stocks recently. a number of new highs in banks today, including jpmorgan, pnc, regions financial, u.s. bancorp. the yield curve is getting flatter and flatter, two and ten-year yields are only separated by three basis points. that helps the banks. and that is good when you get a more normal slope in yield curve. we've been talking about nvidia all day, down a bit today. the semis are all down a bit, waiting on the markets here. we'll want to hear about that blackwell chip we've been waiting to ge

headquartered tech giant announced the date of its next big event monday, september 9th at apple park in cupertino. the iphone 16 lineup is rumored to have bigger screens, new color options, and apple's version of artificial intelligence. tech experts say the company could also launch its newest apple watch series and two new versions of airpods. >> san francisco recology customers may be getting a glimpse of the future. as ktvu christian captain reports tonight, the company is testing a new truck that is cleaner and quieter. >> this truck may look like other trucks, but it's powered by hydrogen, which means it's quieter and cleaner than other trucks. and it might just be a look at what the fleet of the future looks like. it's a weekly ritual. residents take out their recycling trash and compost, and the recology truck comes rumbling by to pick it up. but not this truck. recology is testing a first in north america refuse truck powered by hydrogen. the hydrogen powers a battery that powers the truck. what that means is a quieter ride, and the only thing that comes out of the tailpipe

apple tesla, other major tech companies around the globe also taking big hits.tocks saw its worst drop since 1987. this news spilling into the world of politics. former president trump reacting to truth, social reacting on truth, social today, taking jabs and putting blame on the biden administration. and some economists say this might be evidence the federal reserve, which is an independent body to politicians, waited too long to cut interest rates. some experts suggest it could step in with an emergency interest rate cut. pam >> all right. we're certainly watching that. that could happen. a lot of economists asking for that. thank you james. we are also expected to soon learn kamala harris's running mate, her campaign team announced she and her running mate will begin a campaign trip across seven swing states starting tomorrow. that includes pennsylvania, wisconsin and michigan. her team has vetted about seven candidates since she met separately, with three top choices minnesota governor tim walz, pennsylvania governor josh shapiro and arizona u.s. senator mar

almost every tech company has enormous lobbying in dc except for apple. and yet apple is incredibly successful, you know, in the marketplace. so that's that's sort of an aberration. but do you think they're like splashy marketing events every year? are the lobbying kind of or. i i don't know. it's a great issue to explore. i just know that they have been successful without playing by the normal playbook. wow. that's so interesting i really quick back. don't steal my no, i won't take it. i'm from circling back on trump though really? i did want to know who you think would be. the most powerful lobbyist of trump is a yeah so this is a fascinating also so the answer is paul manafort. i mean what's fascinating manafort he's made a comeback. well, paul manafort has been, you know, chewed up and spit out by country and washington. he has, you know, gone to jail. i mean, he was he's a convicted went to jail. but that's sort of the point that trump values loyalty above anything else there's one person in america who's gone to jail, kept his mouth shut for. donald

stocks including apple and google, having a not so magnificent day, losing more than $650 billion in value. >> but experts say don't panic. >> the data that we've seen so far, to us at least, is more suggestive of an economic growth slowdown during the balance of the year, rather than an outright recession. >> economic anxiety putting the federal reserve in the spotlight, some argue fed officials have waited too long to slash interest rates. some analysts now predicting the fed will cut rates by half a point before the end of this year. but former president trump pointing fingers elsewhere if harris wins this election, you will quickly have a kamala economic crash. >> you're going to have a crash. >> trump using the worries on wall street to attack vice president kamala harris and the democrats economic policies back in february, when the markets were up, trump took credit for the economy. >> the biden team can say, well, if things are so bad, how come the stock market's on a roll? >> because they think i'm going to be elected. >> that you think the stock market's rallying because pe

like apple, nvidia, and meta-tank to. >> our market probably moved too far too fast it is now pullingk into a range where it actually should be. >> fears of a u.s. recession trickle turbulence overseas. japan's nikkei posted its worse today since 1987 dropping over 12% on monday driving in the u.s. sell-off, a weaker than expected jobs report. higher unemployment rate, and worries that consumers are pulling back on spending which accounts for roughly two-thirds of the economy. >> there's generalized concern the economy is slowing down faster than expected to. >> reporter: cbs news business analyst jill schlesinger says investors should not panic. compared to this time last year from all three indexes are still up at least 9%. >> today looks like a normal slow down. we've been here come we've gotten through it, and if you are a long-term investor and a consumer in the economy, know that will make it to the other side of this. >> reporter: last week the federal reserve chose not to cut interest rates meaning it's still very expensive to get a car loan, a home loan and credit card debt o

the nasdaq leading the declines, as a once white-hot tech stock like apple, nvidia, and meta tanked.our market probably moved too far too fast and is now pulling back into a range where it actually should be. >> reporter: fears of a u.s. recession triggered turbulence overseas. japan's nikkei boasted its worst day since 1987 dropping 12% on monday driving the u.s. sell-off, a weaker than expected jobs report, higher unemployment rate, and worries that consumers are pulling back on spending which accounts for roughly two-thirds of the economy. >> there's generalized concern the economy is slowing down faster than expected. >> reporter: cbs news business analyst jill schlesinger says investors should not panic. compared to this time exterior all three indexes are still up at least 9%. >> today looks like a normal slow down, we have been here, we've gotten through it, and if you are a long-term investor and a consumer in the economy know that we will get to the other side of this. >> reporter: last week the federal reserve chose not to cut interest rates meaning it's still very expensiv

hedge funds have continued to buy into some of the biggest tech companies, including apple.rimming positions intriguingly and nvidia as they reshuffle their positions in the ai boom that fueled the blistering rally of the u.s. stock markets. let's get more from bloomberg tech reporter annabelle droulers, who has been passing the details of these filings. one of the big changes that you seen? anabel: passing the details, there's about 670 companies are hedge funds that have so far offered up the changes that they made in the latest timeframe and really the big theme that has come through in one day you just touched on their is that shift into apple, which i think is particularly important because if you recall a couple of weeks ago we had berkshire hathaway out with its numbers and pointing to that trimming it had made with its stake in our pool, perhaps he could have been for tax accounting reasons. but, it certainly does seem that there has been that change and that shift into apple shares. the stock itself was up 25% in the latest time. net via more than a .5 million share

you also have other big tech players like google, meta and apple looking at growth opportunities in thearate note, prime minister modi also highlighted the country's renewable energy ambitions as well and its efforts to reduce reliance on fossil fuels. despite this glowing report card, it is also important to highlight a lot of the challenges that india's economy is facing. on renewable energy front, it is important to say that india is still heavily reliant on coal for its electricity needs. and remains the world's third largest emitter. on paper, india remains one of the fastest growing economies. but challenges like unemployment among the educated indian youth, as well as sluggish private consumption remain big challenges to the indian economy. so while progress has been made in many sectors, there are also several areas that the government still needs to focus on. new european union tariffs on chinese produced biofuels have come into force today. brussels is imposing provisional duties on chinese biodiesel after finding they're being sold in eu markets at unfairly low prices, and th

which are apple, amazon, google, netflix, microsoft.e consumer staples names and we want investors to kind of trade down in tech and focus more on qualcomm, amd, broadcom, those types of names that we believe and oracle by the way too, i'm sorry, which we believe those are going to be the strength going forward and all names that the we own in our portfolios and we don't own them personally. stuart: but we're looking solid. this rally, this market looks solid at this time. last word to you, 10 seconds. >> i think we're going to probably pullback and test the september lows in a surprising fashion. >> [opening bell ringing] stuart: okay, we'll take that at heart. brian, thank you very much for joining us this morning. they've just pressed the button. the opening bell has been rung and the market is open. the dow is off and running with a 50 point gain in the early going plenty of winners amongst the dow 30, in fact a majority are in the green. the s&p 500 that too has opened higher better than a quarter percent up 15 points, 5,637 is the

. >>> plus, the changing of the guard at apple. cfo hands over to kevin perez as the tech giant focuses on succession planning while announcing its next iphone event on september 9th. >>> also today, the world's largest bhp beats the street and double it down on copper. the ceo mike henry telling cnbc chinese government support could be a boon for steal. >> we expect we could see a turn around for the property sector in the year ahead. in terms of the overall impact on steel, we should keep in mind steel is still running and we're calling for over a billion tons of steel production in the year ahead. >>> china hits out at canada's decision to hike tariffs on evs, saying it will undermine the global economic system after prime minister justin trudeau becomes the latest leader of accusing china of not playing fair on green tech. >> actors like china have chosen to give themselves an unfair advantage in the marketplace, compromising our critical industries and displacing canadian autos and metal workers. >>> great to have your company

. >> tech giant apple is expected to unveil its new iphone here in a couple of weeks. pam cook will be in studio with details on that in a second. first, though, we turn to you. >> yeah. today we're asking you, do you plan to upgrade to the newest iphone model? here are your options. yes, i'm like sal. i love new technology or no. there's no point to it. or only when my phone is old. now, if you want to vote and i know you do, just scan the qr code. it's right there on your screen right now. or you can go to ktvu. dot com slash vote. >> but when is your phone old? right. is it old? if it's two years old. is it old if it's five years old? >> it's a good question. okay. >> we'll dive deeper into these numbers through the morning. let us know what you think. we'll be back. is it possible to count on my internet like my customers count on me? it is with comcast business. keeping you up and running with our 99.9% network reliability. and security that helps outsmart threats to your data. moaire dida twoo? -your data, too. there's even round-the- clock customer support. so y

a federaljudge ruled that payments the tech giant made to the likes of apple and samsung to make googleartphones and web browsers violated us antitrust law. in its 277 page ruling, judge emmett wrote "google is a monopolist and it has acted as one to maintain its monopoly." concluding that the money it had spent effectively blocked rivals from succeeding in the markets. it represents a major setback for google and its owner which plans to appeal the decision. a spokesman for the company told the bbc this decision... for now, the ruling is a vindication for america's antitrust regulators. the justice department to foul the case for years ago when donald trump was president hailed the outcome as a historic win and said it would continue to vigorously enforce antitrust laws. no doubt sparking fear in the corporate offices of some of the big tech giants. it is not yet clear for the future of google's business. this decision is only about google's liability, not about remedies. elon musk has renewed his court filing. musk is alleging that open ai is putting its own commercial interests ahead