music. expected to come out with the new mac computer and new ipads. melissa: amazon, $15 minimum wage takes effect for all employees. >> labor report from the department of labor for month of october. melissa: that's it. i will buy new apple products this week, right? probably? maybe? >> thanks for joining us. melissa: here is "bulls & bears. david: another wild day on wall street. we're talking about top i cans that matter most to you and your money. this is this "bulls & bears. david: hi, everybody, i'm david asman. joining me on the panel, our very own gerri willis, jonas max ferris, robert wolf. both john has and robert are fox contributors. look who is back, trish regan,

host of "trish regan prime time" 8:00 p.m. eastern on fbn. wall street whiplash. the dow finishing down more than 245 points. but that is after it had been up 352 points. and from highs to lows, it was a swing of 918 points. stocks hammered on reports that more china tariffs could be on the way if trump's talks with president xi at the upcoming g20 in argentina failed. our own blake burmaned ask the white house about it this afternoon. take a listen. >> i will not get ahead of the president's meeting. i hope it goes well. april. sorry, go ahead. >> how important is the meeting because you heard larry kudlow say two weeks ago maybe there might not be a lot of detail comes from it in terms of trade going back and forth? >> as the president likes to say we'll see what happens. i'm not going to get ahead of the conversation. you have two of the most powerful leaders in the world. i think that is consequential no

matter what happens. we'll see what happens. david: see what happens. where have you heard about that. what do you make of all this. >> not surprising. open up with germany. far right winner in brazil. far left in mexico. the midterms coming. you have "brexit" in question. you have italy talking about deficits in the eurozone. that doesn't include what was obviously devastates over the weekend. david: i thought, looked like we would find a bottom for this market? >> eventually we will. robert you're right, there are a lot of headwind from international perspective. they're overblown. china stuff is entirely overblown. we'll weather this. we'll get through it. it is a little choppy along the way. these are what traders live for, moments of volatility. would i point that out. david: what is happening, it may be overblown, trish, you may be right what was happening, there was word out that if things

don't go well with xi in argentina we'll dump more tariffs on the chinese all the way up to their entire export market. there are $505 billion of exports to the united states might be taxed, 10% all the way up to 25%. >> well, i don't know, if gerri wanted to chime in. let's look at friday's number. i would respectfully disagree with trish. if you look at friday's number on gdp, great consumer number, a lot of government spending. lousy in manufacturing, lousy in exports, lousy in business inventory. you take the consumer which is driving gdp. add the tariff situation, which the truth is gets passed to the consumer, not a good day when we talk -- >> i will go back once again to the topic i always hit on, if we don't deal with this now, robert, when the heck will we deal with it? we talked about dealing with it, i mean it, i mean china and it is form of david.

that is jonas trying to get in. i keep making the point if we don't deal with this now, we are going to be facing consequences of a smaller economy for us, a larger economy for china and the economic and frankly military consequences that come with all that should we be losing our position in the world. >> who is surprised we're really going after this at this point, right? i mean at the end of the day it will take more than just us it will take europe be japan, a lot of people need to get together, say china, enough is enough. we need to change the rules. it will take a lot of discipline. can we make commitment to the cause. david: maybe the world will come together in argentina against china? maybe you're right, gerri, we'll have a united front. >> just a few moments ago you brought up because the market started to tank because we might get more tariffs. that is in the paper and news right now, that doesn't explain

why google is down almost 5% today and -- david: what does? >> and caterpillar down less than 1%. if it was a tariff situation i think those numbers would be reversed because i think really investors are most concerned about tech stocks, they're buying in a 2,000 like bubble and looking for signs it won't end soon. they can still make money that the companies will grow top line. i'm not saying it is good we're in a trade war and possibly getting worse but why were stocks up a few more months of the trade war? because we will raise more tariffs on china? at this point it is their stock market. investors are scared to get back in, with interest rates go up. david: i'm scared about the election for one thing. >> two comments. one to gerri, one to jonas. with respect to gerri, i totally disagree. that is what the trans-pacific partnership was, left one getting together, 11 countries against china. we should put that back on the

plate. >> we can't turn the clock back. >> we'll be talking about this, jonas hit the nail on the coffin. david: quite often he does that. >> we have the digital tax biel talk about with apple and, amazon and others. there is a lot of misery. david: there is a lot of possibilities. the fed could decide to slow down interest rate hikes or give some indication they might. overall economy is still pretty strong. yes, a slow down in the housing market. we'll talk about that in a second coming up. >> david more than a little strong. it stronger than it has been in a decade. you can make the case the trade war led the fed not to raise rates as much as they want to raise rates because they think the trade war is a drag on the economy which at margins it is. we might be at higher interest rate. which is what investors are scared about, trump brought up, fed is hawkish, little too aggressive? >> a little? i believe the direct quote was

to be the fed is my biggest threat. >> yeah. >> he is definitely no fan, keep in mind, by the way he is one who picked jay powell, right? he could have sat by and had an easy day in the sunshine there with janet yellen. david: that happened quite a bit. jimmy carter chose paul volcker, by the way. paul volcker went ahead created economy, that many people said help ronald reagan become president. that happens. >> if we hang the markets whether the fed will hike or not, the fed is hiking and will continue to hike. it hiked eight or nine times in three years. it will hike three or four times. >> provided the economy is growing you have in. provided the job market is growing enough. provided tariffs don't hurt the consumer the way you think they might, robert. >> you're right on that one, trish. if the market goes down another five or 10%, we'll have a pause. you think the fed will raise rates with another five or 10% drop in stocks? i don't see that happening. david: i can guarranty, i'm sure

robert will fight me on this, if democrats take the both house and senate, the market, maybe not 10% but 5%. >> i've been on the floor of new york stock exchange last few days, all traders speak with one point. they say they're very worried about the election. why? they are worried about what the democrats will do. they believe the democrats will stop the agenda. isn't everything been done? more to do traders today. they want to see more tax cuts and they definitely want to see -- >> higher deficits. we won't bring that up. that is okay. david: that is because of spending. one thing the president has done too much of this is this in terms of those spending bills. >> 300 billion. david: along with the tax cuts. >> totally true, but what do you think accounts for what happened with the market over the past couple years? promises of tax cuts. what was coming down the pike. look, you look at market,

fundamentals, even fundamentals of amazon. you were talking about that today, this company is still on fire. top line, bottom line. david: we'll talk about amazon coming up, gerri. the bottom line, i think if we have more tax cuts, at least put out there, the p said that he will do that before the election. i don't know if congress has time to do it before the election. we have only eight days. if they put something out there, maybe market gets excited. >> more tax cuts need to be put out there? david: absolutely absolutely, on individuals in particular. >> market deaf benefited from the -- definitely benefit from the tax cuts no doubt about that. the government is borrowing more money right now. i don't think they're looking for more money. >> they borrowed 300 billion more a year. the math is the math. we're up 1.25% gdp.

that is the same fact we're up on fiscal deficit. the reason the gdp moved up because of the tax -- >> does anybody elsefind it aus mooing that robert fiscal hawk. >> that is not true. that is not true. >> your party -- >> i've been protrade, fiscally conservative, we know. i don't represent my party. david: fiscal conservatives and democrats not so much so, you have to admit revenues are up after tax rates went down. revenues are up. >> but spending is up more. david: spending it up more. >> economy is on fire here. there is no doubt about it. the problem are we growing too fast. it is not are we growing too slow. these are good problems to be having. david: now to another big story we're following, the man charged with killing 11 people and injuring six inside of a pittsburgh synagogue on saturday made his first appearance in federal court today. fox news's matt finn outside of the courthouse with the details.

matt, what can you tell us. reporter: 46-year-old robert bowers was wheeled into into the federal courthouse today because he is still recovering from the gunshot wounds he sustained with his shootout with police after that mass -- massacre at the tree of life synagogue. he had 29 charges against him, using firearm to commit murder, murder to public safety per and hate crimes. bowers was in his court or jail issued garb. he seemed alert and clear mind, answered yes or no when asked questions by the judge. bowers received a criminal complaint filed against him by an fbi edge end, and that criminal complaint reveals disturbing details about the synagogue massacre. abortion of the complaint, bowers commented to one law enforcement officer in substance they're committing genocide to my people. i just want to kill jews. bowers repeated comments

regarding genocide, his desire to kill jewish people and jewish people needed to die. this evening bowers is still in custody being held without bond. he will make his next appearance in court on november 1st, and the u.s. attorneys office is seeking the death penalty. back to you. david: matt, thank you very much. by the way, a major announcement coming from across the pond that we want to talk abut. details on the first of its kind move that the uk is planning. that is going to have huge ramifications on some of the biggest tech names. one reason they went down today. details coming next. ♪ a once-in-five hundred year storm should happen every five hundred years, right? fact is, there have been twenty-six in the last decade. allstate is adapting. with drones to assess home damage sooner.

and if a flying object damages your car, you can snap a photo and get your claim processed in hours, not days. plus, allstate can pay your claim in minutes. now that you know the truth... are you in good hands? hey guys. today we're here to talk about trucks. i love trucks. what the heck is that?! whoa! what truck brand comes from the family of the most dependable, longest-lasting full-size pickups on the road? i think it's the chevy. ford. is it ford? nope, it's not ford. i think it's ram. is it ram? not ram. that's a chevy! it's chevy! that's right. from the family of the most dependable, longest-lasting full-size pickups on the road. gorgeous. chevy hit it out of the ballpark with these.

but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell.

fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. show me movies a grinch would love. [ bark ] nu uh, i'm picking the movie tonight. [ whimpers ] be sad, i enjoy it. show me grinchy movies. oh, goody. [ whimpers ] mmm, fine! show me movies max would like. see the grinch in theaters by saying... "get grinch tickets" into your xfinity x1 voice remote. [ laughing ] uh oh. something in my throat. we're all under one roof now. congratulations. thank you. how many kids? my two. his three. along with two dogs and jake, our new parrot. that is quite the family.

quite a lot of colleges to pay for though. a lot of colleges. you get any financial advice? yeah, but i'm pretty sure it's the same plan they sold me before. well your situation's totally changed now. right, right. how 'bout a plan that works for 5 kids, 2 dogs and jake over here? that would be great. that would be great. that okay with you, jake? get a portfolio that works for you now and as your needs change from td ameritrade investment management. ♪ david: here's what spooked the market. a new digital services tax. the uk just announcing it is planning to slap u.s. internet giants facebook and google wit it. britain is trying to squeeze about $500 million from internet companies with a new 2% tax. get this, it is on revenue, entire revenue that google and facebook make from british users. internet retailers took the news very hard today while brick and mortars got a positive bump. is this just the beginning of governments everywhere stripping

tech of their fortune. what do you think, gang? >> not you are surprising we're seeing global protectionism. it feels like we started here. europe -- david: wait a minute. this is a tax. the point is, what is the government going to be doing with the money that a private company couldn't do a lot better with the money. >> this is u.s. company, that is not territorial. david: but it is going to be totally covering all of europe and i am wondering if us will get in on this. >> look the u.s., we already had the highest taxes in the world. that is why americans elected president trump to bring down corporate taxes. david: this is a tax an revenue, not just on profit. the entire revenue. >> they want their share. we'll not up corporate taxes overall for every american corporation working in the uk, maybe we'll just hit the tech companies like google, like facebook. i get what they're trying to do. saying their revenues are so huge we want a share of the pie. that is exactly why it makes no sense whatsoever.

facebook's size, it is rid klutz, if you're going to tax company have the same policy for everybody. this idea that you stop, start at the top line taxation, the revenue line, rather than the profit line to me is beyond crazy. this is double taxation. david: clairely something you said. this is how they're describing the tax. they say for companies that have 500 million-pounds. i don't know how that translates, maybe $700 million. >> 640. david: 640, in global revenues. so you're right, it is trying to knock down people on the top to get everybody equal. that sounds a lot like karl marx to me. >> i think you're overanalyzing it by a little bit. i mean the bottom line these tech companies, which compared to other industries have been lightly regulated both in taxation and other regulation -- david: because they have been doing so well. that is why they have been doing so well. >> exactly why they have been doing so well. that said, those days are numbered. that is one of the reasons the

tech sector is weak but to see the side of europeans on this for a moment, including england, profits like a tech company like google appear where they want to appear. they want to go after revenues. the company is all in california, where the ip is there, where they want to book revenues, or book it in ireland. they're in state of desperation. the other problem the whole tech industry is out of america at this point. europe will lose all this tax revenue. david: poor europe. >> hello innovation. don't tax these companies to death. >> i'm just explaining it. in the future i don't think global corporations toos taxed at all. too easy for them to get around it. if you think it is harder now, it will be harder in 10 or 20 years when everything is digital. >> i'm not supportive of tax, the reason they're doing the tax, they're saying our citizens on your platform, you're selling

their data, that is how you make money. therefore we'll charge you for using our citizens privacy. that is what they have decided to do. we've never seen it before. but they will go for wait. david: you're right, we've never seen something, they're taxing revenue, not profit. that is pretty extreme. >> what about tariffs between us and the uk? what happened to that? that was last week's news. >> tariffs tax wealth, not profits either. not unheralded in that region of the world to tax things more top line and major. >> it is interesting the taxation idea is based on this idea that you get more than just your sales from our consumers. you get information. you get data. my point would be all consumer product companies get data on consumers. david: great point. >> not just the big tech companies. everybody is doing it some way or the other? where do you draw the line? >> i know we'll be talking about amazon. it is true, their advertising revenues are driving more than consumer revenues. but the idea-

david: just knocking somebody because they're more successful than others. that is very, very -- >> that is what they do in europe, come on, david. europeans. david: what will that do to the our companies that operate there? it will not help them at all. i hate to think what our politicians might learn from this too. there is that as well. more americans are staying in their homes longer. what this could signal for the state of the u.s. economy and our housing market. your house, we're going to talk about that coming up. we perform over 50,000 operations a year in places like this. for the past 15 years, chubb has identified ways that we can strengthen our safety measures. and today, our hospitals have some of the best patient safety records in the country. now, we're constructing new buildings that will define the future of piedmont and chubb is here, insuring our expansion. two million patients a year depend on us.

and we depend on chubb. carla is living with metastatic breast cancer, which is breast cancer that has spread to other parts of her body. she's also taking prescription ibrance with an aromatase inhibitor, which is for postmenopausal women with hormone receptor-positive her2- metastatic breast cancer as the first hormonal based therapy. ibrance plus letrozole was significantly more effective at delaying disease progression versus letrozole. patients taking ibrance can develop low white blood cell counts, which may cause serious infections that can lead to death. before taking ibrance, tell your doctor if you have fever, chills, or other signs of infection,

liver or kidney problems, are pregnant, breastfeeding, or plan to become pregnant. common side effects include low red blood cell and low platelet counts, infections, tiredness, nausea, sore mouth, abnormalities in liver blood tests, diarrhea, hair thinning or loss, vomiting, rash, and loss of appetite. ..

david: there is a slowdown in the housing market that may be driving more americans to keep their homes longer. homes sold in the third quarter have been owned for an average of 8.2 years. in 2000, americans snaid their

home for two years. i'm wondering if this is why home sales are slowing down. >> the slowing down in some states, connecticut, i just sold a house at a loss after 12 years of ownership. they raised taxes and a lot of companies have left. but the whole suburban lifestyle has changed. you see how well the real estate market is doing, but that's in metro areas where google is located. >> wait a minute. other house markets have been on fire including in california. what's wrong with this market right now is raising interest

rates and prices that climb to far too fast. i think you see a correction in short order. david: rising interest rates kills a lot of stuff. >> no one really knows what's going to happen. we don't know how much leverage is left in this system. there is a lot of corporate debt and commercial properties leveraged from the bubble days. you don't know what will happen if we get another 1%. >> the tipping point is 6%. >> mobility is tough. it's tough to find new jobs and get the same type of pay. wages have not moved in a decade. david: you have more options. >> but, david, not if your house

is under water. these homes, it's not like since '08 they have grown. most of of them are under water. trish: bob stiller from yale, he said you should never buy a house as even investment. it's something to live in. but when you factor in has to paint it and keep up with the yard work and electrical work and the design and they are stwoichg gold fixtures instead -- switching to gold fixtures instead of silver. you are not going to come out that much ahead. it's a place to live. we have been conditions to think of housing as this big investment instead of just expecting it to keep pace with inflation. then hey, that's good.

and you can amass a savings over a big period of time. david: you buy it with your heart, not your mind. >> it's a relic of the days of the gold watch when you stayed at the same company. when you get trapped in a house and it's under water. >> you control a large asset you can borrow against. it's a store of cash. over time you put more and more money against it. >> it's 2008 all over again. >> over any long period of time, it won't be stocks. david: that's why you buy our house with your heart and not your brain. amazon, we thought there was no limit. we debate it coming next.

you'd be better off just taking your money and throwing it right into the harbor. i'm gonna regret that. with new car replacement, if your brand new car gets totaled, liberty mutual will pay the entire value plus depreciation. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty. ♪ ...that's why i've got the power of 1-2-3 medicines with trelegy. the only fda-approved 3-in-1 copd treatment. ♪ trelegy. the power of 1-2-3 ♪ trelegy 1-2-3 trelegy with trelegy and the power of 1-2-3, i'm breathing better. trelegy works 3 ways to... ...open airways,... ...keep them open... ...and reduce inflammation... ...for 24 hours of better breathing. trelegy won't replace a rescue inhaler for sudden breathing problems. trelegy is not for asthma. tell your doctor if you have a heart condition

or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling,.. ...problems urinating, vision changes, or eye pain occur. think your copd medicine is doing enough? maybe you should think again. ask your doctor about once-daily trelegy and the power of 1-2-3. ♪ trelegy 1-2-3 save at trelegy.com.

david: it was crushed again today falling 6% following the 8 .7% plunge after it reported disappointing performance. it fell 25% in three weeks. how much further could it fall in. >> it could fall into the 50%. these to bees can fall 90 person * and still be successful. it was in the 2,000 plus range and they are falling again. people get panicky and prices can get cut in loss. that's a conservative loss.

trish: what people are worried about with amazon is they think it's not a growt stock anymore. maybe it's not a growth stock anymore. does that mean it's a bad stock? you have to look at this company's performance under bezos. to be clear on the retailing front, they are only 4% of overall retail sales. they can still be a growth stock. but i think people have gone the too negative on growth stock. >> rockefeller was made a wealthy man taking profits. not surprising these are going oversold today. david: you think it's oversold?

stocks are always predicting the future. there are so many things that might top it from growing the way it had been forecasted to grow, and one of those things might be president trump. >> amazon is a monopoly on consumer spending. trish: i realize there are so many reasons for me to hate it. but as an investor, if you look at the stock, the trajectory is positive going forward into the future unless donald trump comes forward and calls it a monopoly. there are so many mom and pop businesses that are able to sell their things on that venue. my only point being, this is a company that has its hand into

everyone's household and the pulse of the american consumer. >> i hope it doesn't go down the path of how rockefeller made money. that was first destroying the competition, then that is one of the fears it will get so big for its own good. one of the biggest companies in the history of the world and one of the best ceos. david: how can you get too big for your own good if you are doing good on the basis of doing good things. what's wrong with it? >> being so big doesn't just

draw regulatory problems. walmart got too big, right? they didn't want to ruin their own business so amazon came in and did it for them. trish: you don't want to see the company get so big it starts to get raisey. david: bay zoas said eventually that will happen with my company. trish:ing this is the company that has shown time and again it it can find new businesses and dominate it's an american juggernaut. it's right here from the usa and doing an incredible job. this idea they have to fall is frankly silly. >> i'm talking over time. it might be 20-30 years. >> it was the same company in 2,000, the same ceo.

stuff can happen in tech that has nothing to do with how great the ceo is. david: we have got to take a turn here. the man accused much sending pipe bombs to political targets all over the country was in court today. cesar sayoc is expected to remain in custody in south florida for a few days before moving to new york where his case is expected to be prosecuted. bill, what's the latest? >> inside the courtroom, the bombing suspect was solemn and somber, clearly recognizing he's in significant trouble. at one point he looked around the courtroom, spotted his sister and appeared to tear up a bit. he hardly spoke, invoking his right to remain silent.

the magistrate read all five federal counts against him. he was shackled and wearing standard prison scrubs. he was taken into custody friday after matching his fingerprints on file with one of the latent fingerprints on one of the packages. >> if you were in custody facing probably or potentially the rest of your life in jail, you cannot by definition be doing good report are's accused of mailing 15 moms, possibly a 15th to prominent democrats and possibly some critics as well. his white van flashed conservative messages glorifying trump and a picture of hillary clinton in cross-hairs.

he has been work as a bouncer at a strip club and sometimes deejaying there. not only has he been living in that white van, and possibly building bombs. and he was showing up at people's homes in that white van plastered with right wing messages. david: you should see some of the people on the streets of new york. i don't know about miami, but we have people here, too. you will never guess how elon musk is reacting to the fines.

hey guys. today we're here to talk about trucks. i love trucks. what the heck is that?! whoa! what truck brand comes from the family of the most dependable, longest-lasting full-size pickups on the road? i think it's the chevy. ford. is it ford? nope, it's not ford. i think it's ram. is it ram? not ram. that's a chevy! it's chevy! that's right. from the family of the most dependable, longest-lasting full-size pickups on the road. gorgeous. chevy hit it out of the ballpark with these. i am a techie dad.n. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome.

david: the sec issuing a $25 million fine over elon musk's tweet. he said the tweet he posted that led to the sec charges was quote

worth it. trish are's got to be more careful. he has to deal with all the regulators. none of it is fun. he's a brilliant guy. he had a brilliant idea and a lot of success thus far. but he's not exactly the managerial type other sec type. he should be more careful on this going forward. it's like someone else we know. >> i would say he does not want to be a public company ceo and that was the direction he was going of taking the company private. the fbi is supposedly investigating. trish: did he get enough money from the private equity investors. >> it would be underring if he

could gain it the same multiples in a private equity. >> he's the most of brilliant ceo and the most of dangerous because he knows it. he's the king of twitter for ceos like trump is for politicians. it's funny but scary that he doesn't understand regulations like the sec does. most of executives would not be allowed to make jeks about the sec come through their office. he wanted to go private it seems like or maybe he was joking to his rapper girlfriend and making jokes. trish: isn't there another audience here? doesn't he want to turn into the guy everybody wants to buy from?

come on. >> i think he sold more cars than the other companies all together. >> is it magic when you are selling a $35,000 car. >> he also wants to sell to the masses. that might take a different approach. so that scalability would require him having a far lower price tag and making many, many, many more of these vehicles. then you get back to the need for the public market because you have got to have the scale. david: compared to other wonder kids. one is zuckerberg. even though he's younger than elon musk. he seems so much wiser. i know he's made a lot of mistakes, but he has a lot more maturity in dealing with the

marketplace. and the other one is jeff bezos. reporter: the google guy went out and hired it out. elon musk has been forced into that position by the sec. >> the bottom line is zuckerberg is running a software company. you can't compare it to making a $35,000 car. john delorean was a genius but his company failed because of the lack of private equity. this guy musk without the access to capital dice baitable whether he'll work out. he isn't doing with ford did and

make a car affordable. >> this is a perfect example of where the chairman and ceo roles should be split. these frivolous comments do not bode well for a public company. david: thursday apple delivers their third quarter earnings. fact is, there have been twenty-six in the last decade. allstate is adapting. with drones to assess home damage sooner. and if a flying object damages your car, you can snap a photo and get your claim processed in hours, not days. plus, allstate can pay your claim in minutes. now that you know the truth...

are you in good hands? so, let's talk about conference calls. there's always a certain amount of fumbling. a lot of times it doesn't work. we have problems. comcast business goes beyond fast. by letting you make and receive calls

from any device using your business line. and conference calls you can join without any dial-ins or pins. (phone) there are currently 3 members in this conference. i like that. i like that too. i would use that in a heartbeat. get started with innovative voice and tv solutions for a low price when you get fast, reliable internet. comcast business. beyond fast.

david: apple is set to roll out new tech products in brooklyn. for more on what we should expect, we have russell hawley. what are you expecting? >> i think it big thing we are going to get is a pair of ipads. a big ipad and smaller ipad. we'll see the big home button removed. lit do some of the facial recognition stuff and have an apple pencil. trish: that sounds great. i got a new apple iphone.

i like it because of the facial recognition technology. i no longer have to keep hitting that home button. pressing the home button. if they can make that tiny improvement, that's worth something. i don't know if it's enough to get me or others to buy an ipad. there is anything else they can do to add to this. >> it has to do with the way the invitations were sent out this year. then the location in brooklyn. i think there will be a focus on services. so a big part of how the apple pad is going to interact, on a creating device.

i think apple will double down with this. i don't know that we'll hear a lot in the form of radical hardware. the focus will be how this new hardware will enable creators to do more from replacing the laptop. they have a whole ipad experience. by releasing the two different sizes. we'll see many who liked the original ipad. >> for people like me who can't wait to see what kind of chip is going to be put in hide i book. people are owning the phones longer. they need a new game to keep this stock at this level of value was. services, can they do it without privacy abuses? >> i would argue apple is one of

the big companies that hasn't had issues. >> if the fiend isn't going to keep being a sales both leader, what do they do? >> it's an interesting way to look at everyone having a phone. apple the first year was raising the bar. you want people who have phones for it to be their every day computer. it's the size of a tiny tablet and use as your only computer. that's apple strategy to have this multi-tier approach where they have iphones for people who want a phone and computer. trish: i was at the september launch for the new iphones which was fascinating. the people in the lines didn't talk to me about the iphones, they talked to me about the apple watch.

what do you see going forward? what is the new new thing that will get some excitement for this company? >> the biggest thing for apple is the way everything integrates with one another. that's the big thing that makes the apple watch feel popular. there noise other connected popular thing that does notification setting and receiving phone calls. there is no competitor for it. that's been a big part of apple's play here. it just creates an ecosystem that doesn't get matches. >> i respect apple for the approaches they have. but my pocket has google's pixel free. >> in the beginning we chat about earnings. the question i would have is what are they going to say about

their relationship with china, china having a slowdown the last month as well. david: i'll bet as little as possible. >> i don't think we'll hear a lot about that. i think the approach apple will take is the success of its current launches. david: you mention the fact that they don't have privacy issues, then you have tim cook lecturing all those companies that are having privacy issues. >> the way tim cook approached the entire -- * disaster was necessary. other companies are in this weird ecosystem that facebook doesn't exist with an iphone or' apple ipad to run it on. david: are apple's earnings

going to be enough to turn the whole tech around? >> i think it will the be a positive increase. david: thanks for the preview of what we might see this week'. that does it for "bulls and bears." thank you for joining us. here comes elizabeth macdonald with "evening edit." >> we are reeling from the murderous rampage in pittsburgh that took 11 lives worshiping in their own synagogue. this was not just an attack on the jewish faith. it was an attack on all people of faith and america's values, protecting those of faith. it cannot and will not be tolerated. liz: