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tv   Countdown  Bloomberg  September 9, 2014 1:30am-3:00am EDT

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>> welcome back. time for a check on the foreign exchange markets. a lot of is this done yesterday. the world is waking up to a stronger dollar. a little bit of buying coming in from asia. that transfers into dollar-yen. high.ix year there is talk of a supplementary budget.
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this is ahead of the weaker jobs numbers. high yields will drive the dollar higher. we had a conversation, no sterling crisis as yet but another poll which we will discuss shows that we are at net connect. there is no sterling crisis. and this is expected to last a
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few days. gordon brown returns to politics in a last-ditch effort to stop independence. he will put a bill before controlnt giving them over the economy if they vote to stay in the union. andrew produced regulators have told the u.s. department of evidencehey have found of criminal rates rigging. the u.s. commodity futures trading commission sent subpoenas to the world bank. has drummed up investor interest ahead of the company's ipo. but facing some tough questions.
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give us an update. this is a unique ipo for the new york stock exchange and for investors who will be putting money into it yesterday. jack mann the other executives laid out the case trying to pitch the stock to investors. the book building begins now and continues with stocks in boston and all the way in hong kong as they continue that road show. you take a look at the company, financials are solid. and as growing in china dominant site but investors want to know about corporate governance.
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they're concerned about that and want him to explain the international strategy and how chinaill expand beyond and how they will protect the profit margin that they already have. it is going to be interesting how this ipo trades in its first day. will it soar will it disappoint? >> thank you. >> releasing results of the last poll before scotland independence. or do not decided plan to vote. how can they sway the more -- the voters? joining us here on countdown. thanks for joining us. this poll shows a remarkable shift in voting. >> very much so. we spotted some early trends that the leadd
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had shrunk but this is a further step up into this neck and neck situation that we have. >> there seems to be a large number of undecided voters and some planning not to vote. why is your's bigger, what is different about the way you do it? >> we have always focused on how people would vote. the date is set only a few weeks in advance. the date has been known for over two years. we always knew there would be quite a proportion of scots with me on the same day. and there are a lot of scottish people who are torn between yes
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and no. >> this is where it begins to get interesting. turnoutxpecting the around 84%. there is the demographic shift. talk to us about the demographics. there are some interesting facts. abouthave been reporting 70 or 75% turnout. electionind the last had a 51% turnout. was the previous referenda 61-65. 8% is amazing and has been confirmed by other pollsters are reporting that. reporting incredibly high levels of voter registration. this up earlier how people say they will vote
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and how the vote will turn out. is that common for these types of referendums question mark >> yes. there is always the feeling i want to vote this way but arhaps i believe in voting different way. >> in the detail it is quite fascinating. 45% of people responding regardless of how they said they would vote. 45% said no cap will win. only 31% said the yes camp will win. this is -- the latest poll was released which said that yes could win. is a typical that polling people'seedback into voting decisions and can sway them? >> you are moving from the fairly comfortable to getting very close and then you get to the situation of i was going to vote one way but should i think of changing in my mind because the mood of the
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country or momentum seems to be swinging one direction. it is interesting. it is a dynamic which is difficult. this is a unique event. we have not had something like as before. roles of trying to forecast general elections [indiscernible] because this has not been about splitting the country. cannot use the two previous referenda. -- one of the on stories that anna has brought to the fore. talking about that very issue. is there any benefit in looking previous -- he is an interesting character to roll out.
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is one ofscotland he the leading political figures and so i can understand why he was fronting up. that would have been a bit of a goal. >> black swan events are venture cannot predict. that might sway this referendum it away. what do you think? >> i am struggling to think what the campaigns, what more they can do. pulling together this idea of firming up what the greater thing would be.
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>> does that matter, will voters care with drew of the offer if the offer was made? >> it depends on what the offer was about. whether they are swaying between the two and they see this as a cynical attempt to do something. this is where the demographics come into play which is the younger that age it take to sway a useful voter? are we not talking about taxation. >> i am guessing. >> important is the female vote. women have been much more reticent about voting yes. not necessarily because they are opposed independence, it is because of the uncertainty and the risk attached to jobs and the economy.
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we have seen quite a shift in the last poll. had been in germany. that would have benefited the yes vote. is that true or not? think they would have been saying we are scottish. whether he would have tipped the balance i do not know. never be the same again. coming up on the google on the right to be forgotten. a series of debates pitting the right of privacy and the right information.
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we take a look at what is at stake.
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>> google is trying to help europeans trying to forget.
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a separate antitrust resolution is in tatters. what exactly is google's charmless?s it it. is one way to put they have to comply with this ruling. they start out with a town hall in madrid. this is where the court case was initially brought. paris followed by roman and london.i london, they are tilted toward the public's right to know. here's what google says they will do. if you're concerned you can fill out a form.
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when you make such [indiscernible] here in germany where there is some of the strongest criticism and concerns about what they're doing, take a look at market share. of users use google. france, 95%. germany 93. u.s. at is 39 and the 67%. it is here in germany if there were some of the cases or companies are bringing some of the criticism. you have deutsche telekom and axel springer. cannot compete with google. >> thanks for that. it will be interesting to watch. to unveil adue mobile payment system and a new
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iphone. mobile going to be the payment system that changes everything and makes us understand the mobile payment world? point.rstand is the key that is the key here. the key difference is consumer understanding and consumer realization about why payments might be easier and when to use them. they have been around for a few years. majornot going to be a change in terms of technology. what they are good at is helping the consumer understand how to use new technology and why it might be better for them. there is ease of use but it
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is taped see usage and application on that they have great advertising and marketing. and the fact that they are a dominant platform means that you have a huge percentage of the market able to use the system whereas before we have had a variety of systems all fragmented. it is difficult for the consumer to work around what they can use and what can they pay for when. >> we have had lots of big stories this week. home depot overnight confirming they have had their information next. the whole security issue, is that going to be put -- top of the agenda in terms of using gasquet medicating with the customer? click safety and security will be a big point here. apple did very well in bringing up that technology.
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it is formulated for those who use apple technology, there is this additional technology. issue and a big fingerprint technology is as secure as chip and pin technology. -- they doat they do not have the same technology. it is easier to move to a different payment technology. >> they do not have that chip and pin. it is fascinating. is this a big leapfrog in terms of the system? >> that increases security.
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at the moment they can take your cards and pay for things. not only is there increased convenience but added security for the u.s. consumer. to make their product a daily fabric of our lives? interesting one. thisey difference with previous technology, they have to do with -- they have to partner with everything. is key thing that we see retailers are cautious to adopt new things unless they see it proven elsewhere. retailers will be cautious to
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adopt anything that is not ubiquitous. >> mobile -- apple is not the biggest mobile player. >> unless apple brings the technology that can be used with other phones. >> thank you, good to have you on the program. coming up, a new star has risen on the british football scene. we will be talking about that next. ♪
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>> welcome back. a royal baby in the offing. always something to smile about. apparently she is not feeling too well. all the headlines say people are thrilled a deliged. that has not been missed on twitter.
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i liked prince harry who had been moved down. he is not quite so online for the throne. he says he cannot wait to see his brother. insaid he is pleased delighted. >> england beats switzerland 2-nil.l -- game. back in the he was very happy. memo. fancy. one tickled my thatone is about, there is old phrase, as useful as a
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chocolate teapot. they have taken this on and have managed to make a chocolate teapot. apparently they were. >> they have been given the challenge of turning video monetary. there we see you. this is good. we have a promo. it is a big moment. interestinge rather
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readings and responses. stay with us as the next hour continues. we will talk much more about the independence vote.
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>> saving the union. in a bid to keep scotland part of the union gordon brown outlines a plan to give the scots more power. >> european union delays the sanctions against russia as it monitors the cease-fire. and apple anticipation. the u.s. tech giant is set to unveil a new iphone, a wearable gadget, and a mobile payment system. hello and welcome.
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>> welcome to the program. let's begin with scotland. pledging that he [inaudible] this is the promised to further power to scotland. this bill being called the new scotland act announced by gordon brown. gordon brown saying we can be proud of what -- to be scottish and proud. this comes as we get yet another poll. nine days until the vote and we
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have another vote. this is the power of women. they have never seen a turnout of 84%. >> just to point out the numbers , 38% for yes and 39% for now. is closing.rgin apparently going into the referendum. the final results as we're getting to know our 50.6. that was close but voters
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seemingly do find it hard to support change. >> this potential for a feedback loop to operate between the polling results that we are getting and people's voting intentions. the poll that we are talking about is taken before we got the first and whether that has an impact on people, if you are planning to vote that way when you find out what other people are planning to do this that impact what you are planning to do? rex he suffered one of the worst ever election defeats. he has barely been seen since 2010 and he spoke at westminster twice. the prime minister has fairly tragic ratings.
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what we find interesting from the people i have spoken to in he is seen as -- the scottish man. >> they applauded him. >> he was saying there is no suggestion that the eu would exclude scotland. we have had various rumblings. this armor eu commissioner olli rehn was saying it was not possible for a country to join the eu without a formal currency arrangement. >> and without the approval of all 28 nations. >> the market impact, equity futures set to open lower. volumes in terms of stocks and
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higher than the 30 day average. >> the expectation is the bank of england may be could push out the first interest rate hike. >> let's move on. are they giving russia more time, are they worried about the loop?ack loop -- >> we always knew that the eu could agree and put them on hold. the sanctions were actually pretty much agreed on friday nato in south wales at the conference. bit interesting
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considering they had an emergency meeting and it was only after that that we got this decision. the finished prime minister said as much and the finns own 56% of biggestwhich is the sufferer, the biggest company to suffer when the russians introduced the idea of banning eu airlines from flying over siberian airspace. that was on august 5. they have not gone through with that threat yet but over the , that might be the response of these sanctions are put into place. we learned what the sanctions would be. hadre they european union sanctioned state backed banks,
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this would be energy companies. gazprom itself has us -- is not a sanction company. there are suggestions that might be sanctioned. a bit of a surprise. here is what we have been told by one au official is on the list. these would lose access to european capital markets like they lost access in the united states. they cannot issue debt if it is maturing any longer than 30 days. another new restriction is they will tighten the restrictions for the oil industry and then european banks from engaging in syndicated loans to these companies which is new. we have seen some of these companies trying to test the waters going to the banks saying we cannot go. they are holding and it was interesting they were and the
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front-line city. one that the ukrainians are concerned about losing. one of the order checkpoints was shelled for the pro-russian rebels. another thing was the spoke with the russian president. this is the industrial heartland of the country so they will give one third of it away and as he put it they will fence it off which made me think there is our new berlin wall. leakshas been weeks of and speculation and at last the day is here. in products to be launched
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california at the flint center for the performing arts. was 1984. the new ceo hopes to wow the crowd with a nude different type of device. what are we going to get? owning and is driving apple forward. he wants to woo the investor base with an amazing pipeline. itunesd the head of coming out saying this was the best type line and cook himself saying it is incredible. they really got excitement up. they are building off the three-story structure to show off the software.
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[indiscernible] payments are going to drive this product forward. you make it that much easier to manage her seat and get in and out of shops. they might make new payments. i can walk into a coffee shop and pre-order and pay for my coffee. coffee in -- from starbucks is served as the app. we do not know if they will use
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that sort of system, the system they arty have. they're forming these new partnerships but it could be ms. apple. the paypal'sp out of this world, will they embrace them and bring them on board? it is a 90 billion mobile payment market. they want to get into it. i do not have many pockets. this does not escape the attention that women do not have as many pockets and may be [indiscernible] >> they are trying to tailor make towards the female.
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interesting, there are a lot of fashionistas. it. is andhave the head of arrays you have had [indiscernible] getting on board. they are focusing on style. also linking up with software. you not only will manager cards also manage, you your movies. >> would you wear a watch to
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monitor your diet and nutrition? >> i do not wear watch. i leave it in parts of the house. >> i was thinking about getting a nike fit bit. i went to see something that integrated better with my short phone. to access itable and you'll be much better able to make phone calls. >> this will have a sapphire service. >> we do not know if that will be integrated as of yet. they have had some problems with manufacturing.
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certain companies have not been doing very well. xp conductor, picky percent are reports that they will have the payments that will be brought forth. some companies have fallen by the wayside. they used to have 82% of their sales but now it is less than 1%. >> many thanks. with the s&p 500 near record highs the rest of the world has a long way to catch up. ♪
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>> welcome back. volatility looms over the markets. our guest is joining us. we have got to start with collins. .icture friday morning
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paint the scenario for equity investors here in the u.k. k. if we get a yes vote. hey the picture for us. -- paint the picture for us. haveere are companies who told us about their contingency plans. they will swing those lands into action. they carry on as if nothing has happened. this is a picture of uncertainty. >> what have you been doing? they are the most exposed and
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that does not mean that they will not be able to export -- extract oil. we dowe do know -- do not know . pendingld be qualification. maybe they scale back on their extraction. what we do know is how much of their user base is but that is not the biggest risk. i do not think for some of the long-term investment it is a problem. and does not think that the result matters. airline in biggest scotland.
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they will get back to business as usual. and do youtime rise have to have to see that? it depends on how acrimonious and how lengthy the negotiations are. that has to happen -- we're not going to have a split and stocks will remain under pressure. [indiscernible] i do not think there is. in the meantime they have exposure to scotland.
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>> he will be sticking with us after the break. in case you did not get the message earlier where on twitter. there it is. see you in second.
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>> welcome back. we are still with the head of global equities. let's talk about europe. it has been trumped with what is going on. like.ves, q you the euro dropping, how do you position yourself for this last quarter of the year with european equities? the debate has been focused with the u.s.. when the rates rise will be the u.s.. draghi a more aggressive and the benefits of credit racing, we have the results of the bank take your
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test -- aqr tests. >> that is deciding what their balance sheets look like. >> they will be put behind us. if you look at markets go believe they have done very well. considering the things we have thrown at them. even european markets have not done that badly. there is a correction for some of them. >> that was a big policy headline. little bit more quietly. let's get this rate down. german export data was better. at theere pointing
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stronger euro. euro weakness will be a big help for european markets. >> there are still doubts about japan and the structural reforms. there are lots of questions to be answered. >> it was significantly overweight. that will be a major kicker for major markets. new iphone promises
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to be big. ♪
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>> welcome back. let's see how the foreign exchange traders are kicking off their trading day this tuesday morning. the dollar index free much what we saw as preparedness for better days. that trend is very much in place according to barclays. we caught up with them earlier. weakeranslates into a yen. you have the dollar up, you're looking at six-year highs.
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-- that willmuch come under pressure from the dollar. get ready for 107, 108 in the weeks to come. at the bottom of your screen you have got cable. traders, we are still long this currency. we had a conversation and they say not a sterling crisis yet $1.50. could see >> these are the top headlines. the eu put sanctions against russia on hold. the hold is expected to last a
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few days. brownminister gordon returns to politics in an effort to stop scottish independence. derivatives regulators have told the department of this just they found evidence of criminal rate rigging. >> apple takes a bite out of the competition as consumers [indiscernible] our guest is joining us on thet set now.
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what are we expecting? >> we are searching to handsets. let's talk about that. >> this presentation will be about getting apple back in the public eye. all the adverts for buttons and they will move that and that will be the focus of this. it will boost sales. as aey thing is the the screen will be a big success in asia.
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japans not so much in which is a country where you type one-handed. a lot of people would be to hands. if you look at apple's marketshare share it was down 11%. the pc markets are -- they are -- a niche player. up to thethem back market share that they should be. line we willthe see what this is all about. wearables bowls are a niche product. had the fitness
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bar around for a while. it is a pretty minimum market. apple will make it a bigger market and make it integral but all it does is it enables people to work out where you are at any given time. have worked out how to operate this device. we will front that into people and they iphone stake know exactly where they are. that is where they have is this and we saw apple tying up with ibm. have a massive security side business.
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>> we are expecting the payment side. this will allow them to know, thingsl be able to have we spoke to you. no at that point. it is not just about teaming up with ibm. you are dealing with personal data. the first time we see some pushback. there are some announcements about the fitness information, who will be able to access this. this is getting into an area
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where it will be easy on the corporate side. where many of these issues are related to corporate cyber security is not necessarily just or the company. it is the visitors into a building. this is a very secure holding but isn't secure enough? and if you knew where all the visitors in this building were at any given time, it would be an awful lot more secure. ideas in thisough building. rice andk to the hype it is quality. you pay a certain price to have that quality and they never gone down on the cost structure. hanging onto that brand, the thater bad -- brand, is what will take them through in terms of security, positioning,
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reestablishing themselves? >> i think so. thentially they have taken bmw approach. it is at a luxury price. that is what apple have achieved with the iphone. , that wasm the five s a disappointment and reflected in the share price. the high expectations are seen in the price move and it is justified. functionality, we have lots of certain new hires. have an insatiable appetite for news. >> this is the big chains they've got right. they have hired key people not to work sick really -- separately. this is a fashion device.
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devicehis bring your own mentality that is coming into corporate. apple can say we are the one device everyone wants to bring into the office anyway so make it available and make us the one-stop shop for your security system. >> how worried are corporate about the cyber security elements? consumers have been happy to shrug it off. naked pictures of celebrities. it was hacking into individual accounts rather than a key concern with the icloud. will apple have to say we are the strongest, most secure in this is where we want to [indiscernible] what happened last year, you cannot allow this to happen.
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>> this is a series of suits going in to meet other suits and saying look. here is what we can do to make you happier, safer, and protected. great success, a this is where he is taking the mantle from steve jobs? >> whether he gives a lot of space will be interesting. one of the things about this is we may well see a much more open apple this time. we are a team. lex thank you. >> 740 in london. google takes his fight against the right to be forgotten on the europe.it trolls
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we look at what is at stake for the company.
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rex google is trying to help
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europeans forget. the company will start posting town halls and how to comply with a court ruling. hans nichols reports from religion. how much is there on the web that you will require to be taken away, what is the strategy here? -- wedo we talked about talked about off air was off air. publicitymassive stunt. what they're trying to do is get their side of the story out so they will have town halls and this is in spain where the entire case against google before the european court of justice was decided against them. they start in spain and the going to rome. you have warsaw, paris, brussels, london. the concern will are they geared too much against the public's
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right to know? we will see what his responses. the danger and this is quite a danger. someone who has covered a fair amount of local town halls is that these things can get out of control. they could lose the narrative. what they say is an easy form. if you have a complaint or concern about what is being written on new -- about you you fill out a form and they will privacywill balance the right with the public need to know. we will see how popular google is in europe compared to the u.s. l jim is at 97%. germany at 93%. the u.s. all away way down at 67%. have beenn companies very vocal of their criticism of , they and their argument
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are looking to brussels. he says they need to go back to square one. he said more complaints been raised and late last night they issued a ruling saying they do not have an agreement.
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>> it is that time again. we have been banging the drum. we are approaching 100. >> the fanfare is because marquez joined twitter.
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>> welcome back. this is interesting. the goose thats keeps laying the golden eggs. just hone in on the left side of your screen. that number.
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79.6. a gets almost 80% of its revenue from apple. that is phenomenal. at least nine publicly traded companies get more than 40% of their revenue. they make power management chips for the iphone. 903 million dollars in revenue last year with ties to apple according to the data. was it -- what it says is by leveraging so closely with apple on product design it is harder for a competitive to replace dialog. that strategy has worked for the company. least 20% ofget at the revenue from apple and 35 of theirast 10% revenue. the key figure is $171 billion in sales. year.s the sales last
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their the kingmaker. when it comes to choosing; doctors, graphics, and other parts. they are the golden goose. it is a great function. >> and this topic. that is one thing that you will be watching out for. is -- everyone gets felt in making a success. have we bought it already, have we bought the stock already. >> personally i am a bit kind of the curve. i am not that fascinated --
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fascinated by upgrade me. have other phones. >> let me tell you why this matters. know what decision i would make. i do not about the whole watch thing. that was a conversation we had. the security aspect -- >> this is about corporate security. theoday it is about consumer. market perhaps. trading lower because of concerns of being exposed to scotland. is [indiscernible]
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all these businesses are being p ored over by hedge funds. the perception is that this leift as low as it was previously. everybody wants to know about scotland but what has changed in a month? everyone is talking about wage growth and now we're talking about scotland. the debate has changed. >> and short-term bonds rose as well. the money markets are telling us that the rate hike has been pushed back to all this.
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pushedtions have been back in recent years. uncertainty surrounding a referendum such as this. on with her it is yes over no. it depends on how protracted are the negotiations. >> between 1994 and 1997. there was a credit analyst, i am looking at the career history. sachs untilldman 2003. >> québec has underperformed the rest of the economy. is that a message for scotland?
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>> we will leave it there. on the move is next. for does the announcement apple mean for european technology? plenty more during "on the move." see you tomorrow. ♪
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>> welcome to "on the move." most people are talking about one company. it is apple. there will be no cheerleading for this company. a big focus globally on one company. half $1 trillion. that is how much this company is worth. we have got to talk about russia. >> the e.u. spelled-out president putin's punishment in
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ukraine. i am going to take a look at the fine print and tell you what is next for the markets. >> after weeks of speculation and product leaks it is apple day. press have got this event on this particular day, but apple is going to focus on the sleek look as well as the slick hardware. i will be back with more to expect. >> futures here in london are lower. markets opening right now. don't forget about the u.k.. you have got the open. industrial production and manufacturing in the united kingdom. is that enough to trump day to of the polling

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