apples? >> this is astonishing, are we talking about the family past apple? >> both and the way thing danagers come together, yeah. >> kind of astonishing, again working on the idea that everything is passed down in families is it or is it not or is it coincidence. my father had a difficult relationship with his father from mexico. we knew our family had this chain of nurseries from mexico. i never understood because my father would change tg subject when his name came up. our grandfather was an orchardist at the turn of the century. >> which you hadn't even known. >> i didn't know it until i discovered this at the archive when i was trying to page through all of these things. then i discovered an obituary that had been written about our grandfather when he died when we were much to young to remember him. it was very, very long in the texas at the time. it detailed every, all the rare plants, specimen plants, horticultural, introducing them to texas. i was so excited about all of this. i used to say to my brother, this apple thing, you have gotten from your gr

meanwhile, back in the apple lines of shenzhen, the fair labor association audit continues. >> they reallyff out. >> reporter: apple paid $250,000 to join this group. and apple is paying for this audit, making critics worry about a conflict of interest. but the fla insists that when they publish this report, any whitewash will be obvious. what are you looking for? behavior traits? physical characteristics? what? >> definitely. one of them is workers make -- will they look up even. we come in here. we're outsiders. we're an object of curiosity. and i want to know, can they express that curiosity. can they steal a glance? i've gone into facilities where people won't look up. they're really intimidated. >> reporter: i'm bill. since apple encouraged us to approach anyone on their lines, we did. what goes through your mind when you do the same thing over? we met people on and off the factory complex. did you move here for this job? on and off the record. you can be honest. and it became quickly obvious, that a strange american with a camera crew only gets so much candor. if there was one thing

the man in the video is the apple manager. he noise was "drama ." >> i cannot understand why they did not do anything. >> brittany norwood was sentenced to life without parole. the judge criticized the apple workers for their callous indifference. >> we still have not even gotten a sympathy card from them, at apple corp., anything. >> the workers did helped detectives unravel brittany norwood's claims that the robbers and are rapist killed murray. >> i think steve jobs would be upset about that. >> we reached out to topple, but the company declined to comment. >> you have been warned and now it is take a time in prince george's county. there activating the dozens of speed cameras on multiple streets. starting today, at drivers who were caught on camera going faster than the speed limit can expect a ticket. for the complete list of locations, go to our website. >> still to come, extra pain at the pump. the price of gas is soaring but we break down how many people -- how much people are really spending. >> if you are in the marke

. >>> and let the apple rumors begin again. a popular tech magazine has the scoop on the release of the. >> i joy pad 3. >>> and can you -- the ipad 3. >>> plus, you won't find these details in his autobiography. new fbi papers show secrets from steve jobs' past p. >>> and we have an interesting forecast to talk about and has to do with the weekend. it's getting colder. new, there is a coastal storm that might like to get into the mix. could it mean accumulating snow for us this weekend? we're talking about that and it's complicated. i may have to take some of your sports time to handle this. >> and that is shocking. that never happened before near my 25-year relationship. and still ahead, the caps with the big game tonight and mike knuble gets news he doesn't want to hear. the latest on the 39-year-old's main stay on the caps when we continue. brian. >>> and a reminder if you have a story idea, call the fox five tip line. the number is 2,028,953,000 or e mail your tips to fox5tips@wttg.com. com.   [ male announcer ] th

about half of the nasdaq decline was apple. about a fifth of the s&p's decline today was apple. you mentioned the options activity. when it comes to apple options. mike, the equivalent of 100 million shares traded in the options pits. >> these are really staggering numbers when you think about it. those are big numbers. but we're talking about a $500 stock. that really is much bigger still. this would be like a billion call options trading on a $50 stock if you want to think of it that way. what tim was saying was interesting, although i don't know that much of the options activity we're seeing is necessarily trying to play apple out or under performance relative to the market. i will tell you this. most of the people doing this are making trades on a very short-term basis. and all of the options activity, most of it is feb options that expire on friday. they're playing the call options. i think people are really using apple right now as a trading medium. which is interesting for a stock that size. >> that's what karen was doing early on in the session. >> yeah. we sold some appl

it come on the heels of apple. not only would it have the contribution to the indices and also psychologically, if the stock starts to pull off, the retail investors are going to start to get a little bit nervous and it do create a little bit of psychology. >> brian stottland, you're unusually quiet. where are you here? >> apple is in sort of the middle ground. on the one hand, as you take a look at facebook comes to ipo minds, you see zynga and all of these other valuations start to move higher, you have to look at apple and look at the valuation there. they continue to grow, they have cash behind them to grow, you know, within themselves. and so you take a look at apple and you say this stock is worth at least 550, maybe higher. but on the other hand it's had such a huge run and you talk about the factor in the rest of the market. the nasdaq 100 being up over 12% this year. apple being a big component. if we start to see some topping out and decline, certainly apple is going to feel the pain. i'm sort of in a midd

and that huge surge in volume wednesday indicates to fitz the reversal in apple is the real deal. fitzpatrick believes apple's peak is a hard ceiling of resistance that prevents the stock going higher for some time. he thinks buyers will back away from apple and allow it to fall simply because there is no urgency for buying the stock. now that the parabolic move has ended. the way fitz looks at apple the last 50 order points were about momentum hedge funds. investors piling into the stock to catch the next leg of the rally. dumb money! now that the momentum has been broken, weak handed investors will sell it and cause it to gradually sink lower and until all the momentum chasers have at last abandoned ship. if apple can break through that ceiling at $526, he thinks you have to buy it. something that has to be on people's minds given apple's twelve-point rally today. the reason -- because it takes a massive amount demand to chew through the supply created by the reversal like we saw last week and that demand can proceed to propel apple much higher. my view, all right, look, i -- i d

i do see a lot of focus on the working conditions in apple's suppliers. this whole concept of -- >> the fox conn stuff. >> an ethical iphone. >> pete? >> when you're talking about this stock it's interesting. everybody wants to bring up the dividend and obviously that is complete speculation on how much and when. we're not seeing it in the options. what we are seeing in the options markets for the last couple trading sessions has been the weekly options. they are expecting something out of this event. the stock has certainly been moving and started to move back up above 516 right now. my question for you would be if they split what kind of a split are we going to see? two for one, three for one, five for one? what type of split would you expect? i would even roll out a 10 for one, knock it back down to 50 bucks. the thing to also consider if you're looking for news out of apple, tomorrow may be your day because tomorrow is steve jobs' birthday. that's a logical day for them to roll out the invitations for the next ipad. you know, look back and see the ipad

he's kind of a kinder and gentler version of the apple ceo. >> andy, do you think it would change the all if apple did come out with a dividend? people always say it has such a low earnings multiple compare today some of these other companies out there. >> it could. i think that would come from -- obviously it depends on how big the dividend is. if they got really aggressive, you could change the multiple just because of the yield. but i don't think that's terribly likely. you could get a little bit of multiple expansion just by drawing new investors in. >> not that they've had any trouble drawing -- attracting investors, andy, but a dividend does broaden the types of funds that can actually invest. but let me ask another question that maybe sort of off the wall, i know it makes no real difference, but is there any argument for them to split the stock? either you, andy, or john? split it ten for one? >> i think it would allow some people who can't afford to buy you know at $500 a share in to buy the stock. it might help what andy was saying bringing in new investors. you know, in the

wee do those numbers not bear out in the last quarter. apple actually sold more phones than the android devices did as far as sales, not as far as, perhaps, production. >> that was first-time buyers. clearly apple has an installed fan base. price continues to be an important component. >> hey, colin, here is where i think apple can sneak up on you. corporations are opening up both their networks in terms of their pcs to apple products, as well as moving away frommed blackberry to the iphone. so that obvious, that corporate option hasn't been in apple's backyard except for a few select industries. i think you could see growth there. and i'm happy to still be there. i don't own the stock. >> but, el know the enterprise story i think is pretty well known. >> to put some perspective into these numbers, everyone was talking about air force will be buying some ipads, but these are some drops in the bucket. apple remains very much consumer driven. i'm not saying it's a sell, right? there's plenty of great things, but given the run that's happening, we

and then we'll come around. >> i wasn't sure about bites of the apple. >> now you know. let me say a word about the urgency of this. i'll pick up what max baucus said and others. we must reach agreement and we must reach agreement within ten months and i think that means we need to resist finger-pointing and, instead, really work very hard together. the urgency demands it. all right, i'll let the next bite of the apple be postponed. >> i think there upton is psyching recognition. >> using the baucus touch on the mic. the light doesn't work but it's on. i want to say, just a cou things. this provision was within the scope of the conference because we included it, if you recall, in the house-passed bill. and we had a separate vote on this issue as an item under suspension and it passed nearly 3-1, i would compliment my colleague from pennsylvania for voting for it last week, as i recall. 99% of federal employees that were eligible last year for a step increase, all federal employees have the table. they know where they are, step one, et cetera. so nearly 100%. 99% of federa

the fbi releases hundreds of page of material about apple the fbi releases hundreds of page of material about apple co-founder, steve jobs. captioning funded by cbs this is the "cbs morning news" for friday, february 10, 2012. >>> good morning everybody. thanks for joining us. i'm betty nguyen. mitt romney heads into the belly of the beast today trying to win over conservative activists who have so far failed to support his candidacy. members of the influential conservative political action conference are holding their annual convention in washington. most don't think romney is conservative enough. susan mcginnis is in washington with details on that. good morning, susan. >> good morning, betty. the thousands of conservatives that are here in washington right now for this huge conference may not be rallying around mitt romney right now, but they are unified in their goal of defeating president obama and their latest rallying cry, the president's policy on birth control. it's one of the biggest events on the conservative calendar. >> we must outsmart the liberals. we must outsmart the st

here comes the apple. ♪ ♪ what makes the sleep number store different?

the only thing that grows with apple is the balance in your statement. but apple doesn't trade at a humongous. none of these do. linked in had a fantastic day. and not all the social media names are doing well either. despite the facebook hey owe. this says more about the consumer. >> and you got to wonder. what point does apple mask what's going on in the underlying market. so that's helping lift here. and our friend carter braxtonworth who will be on in a bit and others say in the overall market that we need to pause here. and we're in the fill. the vix has gone up. >> the options market is backing out. >> there's two ways to see that reflected. options are rising. and also put skew. how much puts are relative to upside calls. that's one of the primary drivers for the vix. the vix was up more this week than you would have expected because of those factors. that does express some skepticism saying this would be a good time to buy some downside protection. or even -- >> we actually saw the vix start to rally last friday -- about noon last friday. the vix

two people standing next to the shared wall between apple and lula men and walk away. and remarkable except for the fact that what they heard turned out to be the murder of jayna murray. at the time they did not call police. >> i think it is unforgivable that somebody could pick up the phone and call. it was that simple. >> if i was screaming for help i would want somebody to call police. it is that simple. >> she heard women arguing in the store. she said one yelled "talk to me. don't do this." that was followed by screens. as the voice faded, she heard a woman say "god help me. please help me." he testified he thought the noise was just,. the apple security guard ignored it all as he listened to music. >> i cannot understand why they did not do anything. >>during the sentencing, the judge criticized the apple workers for what he called a their callous indifference. >> will still have not gotten a sympathy card from them, apple corp., or anything that appeared >> apple workers did help detectives unravel the claim that two robbers and rapists killed jayna murray. there

was a sisterry she was concocting now video tape released this afternoon surveillance video inside the apple store next door to the lululemon store where you see two employees hearing on the other side of the wall, the murder as it was happening, late that friday night you see it is about 10:15 p.m. at night and they went to the wall, the side wall of the apple store they listened but never called 911. something that the murray family, janas surviving family and the judge in the case decried the apple store employees for not making that call a short time ago i spoke with montgomery state's attorney, john mccarthy about the videotaped interview that brittany norwood had done with police here is his reaction. >> i think when you look at the tapes what is shocking, is her ability to cry on cue, to go back to women per, and to -- wimper and to tug at your heart springs she is a great actress that is just absolutely apparent as judge green burg said she thought she was in control she thought she was calling the shots for several days she was ultimately that was not the case. >>> again we've just

is bigger than the nfl times ten. apple is -- it's worth more than all the money spent to build the u.s. interstate highway system. worth all the entire electricity market in the u.s. we started this six months ago. the market cap was only $350 billion then. we've had to update the tagline with each passing week. but it really is astounding, the proportions we're talking about here. >> is it getting too big to fail, to use that well-used phrase? people are starting to say, surely at this stage, it's just getting a little too big for its boots. >> to me, that's the interesting part of it from an investing standpoint because people forget -- or they're not always aware of the fact that apple now constitutes, i think, 11% of the s&p, and maybe even bigger in the nasdaq qqqs. but the worry there is if they have a misstep and the stock has a normal correction of 5% or 6%, that could have an you don't do sized impact on these major broad average that is it's a part of just because of mechanics. and that could create some kind of

abc 7's david louie is live outside of the apple store with more on this for you. >> apple is in the cross hairs to improve working conditions in china petition signatures were turned in today, however, apple main tains it's once of the most pro active tech companies in silicon valley. the organizers say they've collected 250,000 signatures turning them over to the store general manager hoping they'll be forwarded to tim cook. >> i love the apple products more if i knew they weren't being made by workers suffering from abuse autos critics believe workers stand long hours and suffer from repetitive motion injuries. apple's web site features a detail web site on supplier responsibility, listing contractors and posting an annual audit. a quarterly signatures are difficult to ignore. >> 250,000 petitions that are suddenly revealed to the public is a dramatic -- more dramatic than to take information you could amass in po years ago. >> apple declined an interview, issuing this statement, quote, we insist our suppliers provide safe working conditions, treat worker was dignity and use enviro

neither called police. >> the people at the apple store broke no laws. way at the time they known the brutality what they were hearing on the other side of that wall. >> the second week of testimony is now under way in the george huguely murder trial. lacrosse player is accused of killing his ex-girlfriend, love.ey prosecutors presented photographs, forensic evidence, and correspondence between the two. in one e-mail exchange, he allegedly broke, "i should have you." >> developing news in the death of whitney houston. angeles confirms that prescription drugs were found in her hotel room. the place or she died saturday afternoon. one of for assistance found her body under water in the bathtub. there are reports that she had lungs, but the medical examiner has to determine whether she drowned or of a drug overdose. >> we are not going to speculate. >> her body was released to were family. being flown back to new jersey, where funeral services back -- held this week. >> business owners in greece are after a their losses weekend of rioting in athens. demonstr

that's to study the parts and apple being the biggest is fine. not extended, just breaking out itself. number two, microsoft has come a long way. the parts in aggregate. >> over jpmorgan, we may have a three-month pull back. does your technical work show that as well? >> it would be reasonable. >> they are all getting it as they were quite negative in october and november. that's the reciprocal of the other side two or four months ago. we have come up a lot obviously. 1330 on the s&p and is it due for a pause? sure, but it's the pause that sets it up higher. >> thank you for coming by. from oppenheimer. are you going to be refreshed? >> i actually don't see a pause over the next three months. i have a very big melt up here and they have a lot of bearish output still even though we came up a fair amount. we will see tomorrow and that will be a catalyst. >> if you want to see a melt up, they have not seen the greatest and we don't want to be in technology. you want to be in other parts of the market. >> probably the best area is completely unloved.

and then the potential of an ipad 3 and apple tv just give a lot of catalyst for the stock coming later this year. with our checks today, you're seeing apple continue to take share from competitors and we lowered our research in motion numbers today for that reason as blackberry sales continue to get weaker with the iphone momentum. >> michael, great to have you on the show. thank you for coming on. >> thank you. >>> pete, as you talk about apple, it's killing so many people, and waiting for an entry point. and some of the traders that have sat in the chairs you have sat in have been saying they are waiting for an entry point, and it ain't giving you one. >> they have to keep on chasing this name. it was a cheap stock at $400 a share, and we talked about it on the show being a cheap stock. i still look at this and say, you know what? based upon everything that michael is putting out there and the rest of us, and we already got the numbers from the earnings, it's still a cheap stock. the ipad 3 is one catalyst. the iphone 5 is another. and how about that cash incentive? john has been pou

day working six days a week twelve hours a day that's what chinese workers are working in some of the apple plants as the new york times reported so if what companies are really saying is they can't find american workers to work at those slave levels they try to end the sentence by saying base can't find american workers but what again they're really saying is they can't find american workers to work in slave conditions you know with low pay well i mean i i definitely agree with you in the sense that you know what we see in terms of working conditions in china is not something that i think many americans would be interested in but it doesn't necessarily mean that there isn't a problem with our education system just because we're producing people with degrees doesn't necessarily mean that their skills are better rightly so in a lot of statistics out there comparing for example you know fifteen year olds in china versus fifteen year olds in the u.s. and let's say the u.s. ranked. the month paris i'm thirty four a country is in math and china's shanghai exit scares me at brain behind nations a

thanks for the bad news. also appled to $500 a share with rumors that the ipad 3 is going to be released next month fueling those gains. up now worth more than microsoft and google combined. we've kevin, market strategist. kevin, i wish i had a dollar, preferably an australian dollar for every time in the last week or two people have been saying we're due for a pullback. is this the pullback that we've been expecting? >> i think so. we've had five very good weeks. we now have some anxiety about sunday's vote in greece. we have a whole bunch of data that's going to be coming out next week in different events. we're going to start with sunday night, the greek vote. monday you're going to get obama's budget for 2013. tuesday starts european finance minister's meeting that's going to go on into wednesday. so markets going to be watching that very closely. and then of course wednesday we're going to get the fomc minutes from the last meeting. so there's all kinds of stuff coming up this weekend and weeks and days ahead and t

so this shows the dependency on apple. i would tend to look at the deterioration. >> good to speak with you. doug kass. nice words on your blog. >> apple right now makes up about 4% of the spx. 10% of the xlk. when you own other things, you don't have to own apple to have exposure to it. your ira that sort of thing that you don't keep a close eye on. >> as apple investors wait on a dividend decision, let's get to slow trades. compiled a list of those stocks that managed to rain through dividends. the list includes an energy name, utilities no surprise. health care, no surprise. emerson is one that you have been looking at outside of the dividend. >> comes in about 3.1%. so this was a fantastic story in basically the beginning of '09 and 2011 when the stock went from 25 to 62. since then we've seen more than a bit of a selloff down to 40. but seems like the stocks on the next leg up. through earnings. reported the first quarter. wasn't great. the guidance wasn't great. but i think the valuation was such enough where this one

in 1985, the apple co-founder was also the victim of an extortion attempt and a bomb threat. the fbi files also reveal that jobs dabbled in drugs in the '70s and '80s. the files were released after a request under the freedom of information act. >>> you might call it anti-apple, unhappy with apple's business practices, protesters hand-delivered a pet twigs a quarter million signatures to the apple store in new york city group is part of an international movement outraged by working conditions at fox con, a taiwanese tech manufacturer that supplies -- that is apple's main supplier. the petitions come a day after hear, infull traited computers at fox con, exposing employee e-mails and passwords a recent "new york times" article documented cramp living conditions, excessive work hours and seven-day workweeks at that folks con facility. after the article came out, apple ceo tim cook told employees in an e-mail the claims are patently false. >>> the second marine to face trial in the hazing of a bay area native has been found not guilty. today, a court martial panel found sergeant

take a look at the nasdaq today. apple-0% of the nasdaq's gain today. talk about being its own asset class? that's all you need to say. >> i think we have to talk about tech x apple routinely now and. >> or the markets x apple. should we be talking about the s&p 500 x apple? >> melissa, correct me if i'm wrong, but did you not first, and i think you really did, make that point a long time ago, that apple was really its own asset class, as far as portfolio managers looking at their portfolio, it was apple and everything else? >> when you got a $500 billion company, what are you going to do? one other comment about a hot sector right now. you want to know what's on fire? the hmos, medicare companies, we had an incredible report from wellcare today. not only are people using doctors less, we knew that trend. but what they call the dual payers, the dual people out using medicare and medicaid, there's a lot of anticipation that business is going to go upth and companies that have medicare exposure, hmos, all of these companies

you see some of the semiconductors surrounding apple today. stocks like st micro, all of them moving to the up side. the mixed economic news today, housing, poor numbers early on. and also mixed economic news later in the day here. home prices this week, durable goods, disappointing. consumer confidence was are mixed. so mixed economic news. everybody was obsessed with priceline this time yesterday. but look at auto zone. an absolutely terrific report. parts doing terrific. their competitor o'reilly at a new high. priceline at a new high, and tjx and limited. the vix, i keep getting asked about why is volatility so low. here we are at 17. bottom line is what you want to watch. as the curve is much steeper further out. maria, i think the curve is steeper further out, look at that curve. we go up to 28 or 29 #. you'll see a lot of concern with mr. bernanke, and operation twist ending. that's why i believe tomorrow he's going to be peppered with questions about that. he's going to be testifying in the house. >> interesting how operation twist is e

would you say the apple comment again some -- again? >> the apple comment?out the apple falling. >> yes, it doesn't fall far from the loon particular -- loonetic tree. >> i just wanted to hear it again. andy, the pig joke at the top of the segment was so bad. i wanted to just point it out to you. this is the first time i felt i had a chance to do that. goose chills the whole time. >> i am not sure you are the best judge for something like that. >> not today i am not. but usually. do me a favor. say -- >>:00 ma din gnaw joked? >> it flow offs the tongue when you say it. are you flying through that name every time. it was impressive. i want to give uh compliment on that. remi -- bill, can you do your failed accused bit one more time? >> no. >> and this time can you do it shorter and effectively? >> that was not a bit. it is true. she filming a movie in canada. that was breaking news. >> and in closing, dana vachon, i love your comment, iran really gets me down. my god is that a unique perspective. you march to the beat of a different drummer. my hat is off to

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the world? talking about exxon versus apple. i do not mind the fact that exxon is no longer the number one market cap. >> it's a sign of the times. >> i think so. if you can't replace your reserves and another company is able to print money via its products, i'd prefer that one to have a larger market cap. >> shares need to rise another hundred bucks to put apple at a level in which it would be the most expensive company ever, including international companies as well. >> including international, good. >> and it would sell at market multiple, let's not forget that. >> new pressure on rupert murdoch this morning after nine current and past staffers at his "sun" newspaper are arrested in a corruption probe. last year, murdoch was forced to close his "news of the world" after a phone hacking scandal. he's having to put out some flames. >> yes, the "sun," the s-u-n, not the s-o-n. >> yes. >> and now the son, james, will he fall victim to these concerns? continued focus on a particular memo that mr. murdoch, that is james murdoch rece

the fbi has released a dossier on the late apple co-founder steve jobs. those files were compiled for presidential appointment by president bush. they said he experimented with drugs while in college. they question his honesty saying jobs would twist the truth to achieve his goal. much of this is in the book that was recently published. not much enthusiasm from investors after greece's political leaders came to that agreement on austerity measures. the market showing once again low volume. the major indices modestly higher for the day. the dow up 5% on the year. nasdaq up 12% year-to-date. s&p 500 showing a gain of 7%. our next guest says the robust performance we've seen year-to-date, he said he has the strategy to protect your portfolio. good to have you on the program, gentlemen. thank you so much for joining us. >> thank you, maria. >> let's talk first about these gains year-to-date, ben. to what would you a tribute the moves in equities? is it justified? >> i think that it might have gotten a little too far ahead of itself. we'd a tribute it to less r

>> well, the apple ap store is about to hit 25 billion. the company says if you down lode the 25 billionth ap, you can get a gift card. >> good luck. >> no kidding. now sell more aps to make more money. >>> why are these people bombarding people with oranges? there's a reason and it dates back sent tri-s. we'll tell you coming up. here's ,,,,,,,,,,,,,,,,,,,, >>> well, today's tip of the day has been one of my favorite apples. at one time they were the most popular apples you could buy. red delicious. then all the other varieties, the fujis, galas, but they're coming back now. let's face it. they're beautiful. little bit of wax to them. make sure you wash it off. when you buy them. look for nice and shiny. the departer red, the better they're going to be. nice and firm. when you bring them home, simply store them in the refrigerator. do not store them on the counter or table. they look beautiful, but at room temperatures, apples get mushy. keep them cold. washington red delicious apples. right now the value is fantastic. as a matter of fact,

at the close today, stock was trading at $502. apple can make reclame that it is the most valuable company in the world. its stock is worth $465 billion. compare that to exon, $400 billion. coming up, maureen naylor will show us how their success has been like a pot of gold for a certain company. >>> wall street ended on the up side with news out of greece. they -- the dow is up 73 points to 12,874. the nasdaq was up 28 to 2,931. >>> a high surf advisory is in effect. what had to be done to keep people safe. >>> rain and there is more in the forecast with snow in the mountains. back here in 10 minutes. -dad, why are you getting that? -that's my cereal. is there a prize in there? oh, there's a prize, all right. is it a robot? no. is it a jet plane? nope. is it a dinosaur? [ laughs ] [ male announcer ] inside every box of heart healthy cheerios are those great tasting little o's made from carefully selected oats that can help lower cholesterol. stickers? uh-uh. a superhero? ♪ kinda. [ male announcer ] and we think that's the best prize of

you have blow off type moves with the biggest names like apple. tober 4 low to where we are now. an advance of 35% and in principal, when you get back, memory kicks in. the people who bought poorly and lost a lot of money and having had that money returned to them, i want my money back. the other type of memory, people who bought well and brilliance at the bottom. their memory kicks in and they want to book gains. you respond before ever being able to exceed it. >> would you say the same for gold? we have seen the pattern where we had a break down and a recover in gold and at levels where people made whole. >> gold having the topping out kind of thing. we have a blow off top in august. this was in the throws of coming apart,ly. >> you brought a chart of one of these stocks. because we don't talk about this name, i can't remember the last time we uttered this name on the show. what do you see here? >> the reciprocal of the glow. this is a fairly well-defined thing. transports have been great from truckers to rails and airlines have been good. shippe

the list. he was complicated, but saying all of that he was mysterious. he grew up to be a trial lawyer turned apple orchardist. part of the madening sibling thing was understanding the control freak nature that my brother had. for example, every year he would send me a box of fruit. the fruit he grew in his gorgeous orchards in washington state. the fruit came with the carl tax where you would get 25 telephone calls before the fruit came, such as, fruit is coming next week, are you going to be home? this is said in a texas accent. i would say i don't know. he said you have to be there because they are my pears and precious and have to put them in the refrigerator the minute you come in. i learned to say okay. then the fruit would come and it would be wrapped like a bomb or something, each fruit, each pear. these gorgeous asian pears had sty row foam socks wrapped around them. after the fruit came you'd get a series of phone calls, can i demand a refund from the ups man, are you sure, can you write down what time it came? >> you have been carrying around this story all your life, what happened, why

the trade there. next trade. shares of appleng near all-time highs as jon reported earlier that the company has sent out an invite to an event next week the company is expected to reveal a new ipad on wednesday. our next guest says it won't stop moving higher any time soon. those are the shares he's talking about. there he is, dan ernst, principle at hudson share research has a $700 price target on the stock which is the most bullish call on a very bullish street. dan welcome to the show. >> thanks, sir. >> with that kind of call why aren't you smiling, right? they're going to come out with this thing next wednesday. this just feeds into your price target does it not? >> part of our price target conversation is a lot of focus on apple was very short-term. how many iphones do they sell in the quarter. when is the next ipad coming out? when we put our $500 target on the stock it was $300 a year and a half ago. it was the same kind of view. what are they doing? what are they executing on? now that they cross 500 and have a 700 doll

about a month or so ago there was an article about the apple n plan tt that makes the ipad tha had the explosion that killed several workers and it talked ts about how, you know, they work with these chemicals that are p just -- there's no regulations at all and the aluminum dust build up and they had an explosion that killed several people and it talked about the a way they make them live maybe ten people in a two bedroom apartment in a factory owned campus that they have to live on site. and they said the guy that did the op-ed piece on was a college graduate and he made $2,500 a it year in american money.e over now how can the u.s. continue to compete when the people over there are only making $2,000, $3,000 a year and that's a lot w of money in china, and i don't understand how we could ever is compete with that? >> it's an interesting questions and that's a question that comes up a lot now in the congressional debate particularly as we talk about