he joins us from boston, gene munster.f the most bullish guys on the street. what's going on? >> both of those cuts were for 4%. we at 875. it's a relatively small cut. what's going on is we're being more conservative. we're factoring more the negative potentials in the next year and two years and not factorring as much of the positive potentials. part of that reason is just to be conservative. for a quick example, is this new lower priced phone is going to have about a 90 basis point, cause overall margins to go down 90 basis points. we lowered our number next year to factor that in, that's why the price target went down and we didn't factor in the acceleration that's going to happen in units for that new phone. the narrative reads we've cut our price targets, etend of the day, it's still 70% to the up side of the stock. >> you you have an overweight rating on the stock. that back it is up. i find it so interesting, though, that people like you, a noted bull on apple, you're coming around to thinking about some of the neg

. >> what about the margins, gene munster? >> well, probably going to be better than what they guided to. the bogey is somewhere between 38% and 39 it is for gross margins. that's the key, and as far as the guidance, the guidance is likely 38. typically got a little bit below so got to be better than what they said but they can guide conservative. been guiding conservatives the last three quarters. extremely conservative so that's why the setup is good. >> didn't we all come to the solution with the launch of the ipad mini we'd have to face -- >> i got a number. >> here we are, guys. expecting 1347. i heard a whisper of 1368. hang on, robert, hang on, robert, and i get 1381. that's the number right there. have them give me the revenue again. >> okay. so they were expecting revenue of 54.93. they got 54.51. gene munster, they beat on the bottom line but not on the top line. i know we're waiting for the breakdown. >> i think the iphone number needs to start with a 5 and my guess is it starts with a 4, 54 billion. >> 47.8 million

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vice vice president america's sweetheart, paul don't call me eddie munster ryan.ryan is one of 17 congressmen cosponsoring the sanctity of human life act. a bill that believes all humans are sacred, sponsored by all pro death penalty politicians which gives a human zygote all of the privileges of personhood. the republicans who support the bills again support the death penalty so they're pro some life. by the way if life begins at conception and the drinking age should begin at 20 years three months. a similar personhood bail failed in 2011 and it has also failed in several states including mississippi. yes, that mississippi did not pass this personhood bill. but failure does not deter the extreme right. which also brings us to immigration. while the american people clearly voted against mitt romney's immigration policy featuring self-deportation, something his great granddad did to keep winders full of wives some moved forward anyway. kansas secretary of state kris kobach who is no stranger to some would say racist immigration policies. this is the fine patriot w

. >> jean munster, what do you want to hear on the call? a revenue story. haven't cared about earnings. growing revenue consistently for several quarters. what do you want to hear from management? >> well, we want to hear how much they are investing, how big aws is. at the end of the day, you know, investors are going to come back to this story if they really believe in an e-commerce greater theme. specifically in the u.s., about 7% of what's bought is bought online. eventually that number will be 30%, so to the extent that the management can talk and reassure investors that that secular theme is well within track and their market share is in track, i think that would be very advantageous for their stock for tomorrow is to keep long-term investors believing in the story. >> bottom line. >> i was going to say, one of the things interesting to me about this report, the scenario i hadn't expected. eps actually looks pretty strong which raises questions about what the kindle fire, kindle fire hd actually did. the independent research numbers that i had seen sug

instead of the obamas, it could have been the inauguration of the munsters. jeanne moos, cnn, new york. >>> cute. okay. it turns out that the folks in ottawa actually do have a sense of humor. we misspoke earlier in the newsroom that a hockey fan was not actually thrown out of last night's senators florida panthers game. sportsnet reports the man was actually taken away so that refs could get some personal information to contact him in the future so it could be a money maker for him. our apologies to the ottawa senators. you do have a sense of humor. i'm carol docostello. i'm carol docostello. thank you for joining us. -- captions by vitac -- www.vitac.com >>> i'm ashleigh banfield. i want to take you live to the national cathedral in washington, d.c. the president and first lady michelle obama as well as the vice president are attending the national prayer service. this is a post-inauguration tradition that dates back to the days of george washington, a very important and solemn moment. we're going to do a lot more coverage as we go along through the hour ab

munster by the way, price target to 875 from 900.ish estimates down by 25 bucks a share. >> i see a lot of guys doing what you just talked about, i almost got back to even on my recommendation. now i'm done. railroads, coal -- >> talking about recommendations, this morning if you noticed, news corp shares up almost 2% because again analyst call. this time bernstein went toen a outperform i believe on news corp. that stock take a look, look at that move. so much for that scandal. of course the split was the key there. the key to the call in many ways has to do with the valuation of new co so to speak and a number of other businesses and what will be the fox group. >> my charitable trust owns this because of the momentum of fox group. you mentioned an analyst by name and i think it's important for people at home to recognize. not all analysts are created equally. mike nathanson is the ax. >> he has done the work for a long time and bernstein doesn't do any banking. let's not forget that. >> that's true. >> so they actually have to rise

there was for example ernest munster who invented the -- book. how to make the first pop of books and things like that on also in my little cubicle which is actually a closet, a locked file cabinet. i always wondered what was in that file cabinet. cabinet. one night i found the got it opened and the thatcher was full of royalty checks that in the system did not want to mail and instead he kept them in the filing cabinet. [laughter] the bottom drawer was filled with original art from kernan shepherd, loss for dozens of years and ended up in the children's museum in new york. all of this was going on for me, the sort of entry into the world of publishing and this discovery by publishing past when all these mergers and things were happening at the same time. we were very quickly moved out of those offices, combined and put into larger much offices and that is how my career went, watching this amazing world of big business intersect with this artisan craft and am comfortable tension between those two things. them one at a chance to move to a company

. >> when did eddy munster turn into one of the little mice in cinderella cinderella. >> stephanie: wehat that was -- you know a bow to extremism. i don't know when it is going to dawn on people that it really doesn't matter who wins the political debate if we don't do something things will melt and be worse and it is happening at the moment. >> stephanie: we'll continue the% debate with scuba gear. >> exactly. >> i was at glacier park in montana several years ago and there is no glacier left. and that was then. >> stephanie: exactly. >> there is a little island that will be gone in a few years. it just pulls the island with these gigantic storms. and if you talk to those about that we are actually having a debate about climate change they literally laugh at you. they used to indicate the eskimo freezer, which was burying the sale meet in the ground in the winter, and it would stay fresh, and they can't do that anymore. >> stephanie: yep, you said the meat of the speech was the great insertion of the power of government. he really did make the case for that. >> yeah, i -- again, i want

and whoopi munster's whoopi pies. >> durable stella brought smile to the newsroom with her purple jersey and a head band. the defense is well represented with la all decked out in purple. followed by the fans at real estate group. eric and po the havens fan photos at wbal.com. >>> one is grieveing this morning because of the loss of baseball legend earl weaver. he was on an annual cruise when he died. he was remembered as a force to be reckoned with but a fearless leader on the baseball die p monday. >> when baltimoreans think of the silver haired earl we think of intensity harass ability and longevity. the earth of bauearl as baltimo. beloved like a son of the city. he was st. louis born in 1930 but spent his entire career as a manager in baltimore. the ball club was his for 17 seasons from 1968 to 1982 and from 1985 to 1986. under the earl the otherials o yells won a title 4 pennants and the world series in 1970. in all he won 1480 games. when he was inducted into the hall of fame in 1996 he was acknowledged for his intensity, flair and as certificati assert. his style and colorful con

joining us now from new york, dean munster the piper jaffray managing director.ere this morning. what do we think this is, gene? >> well, it's easy to get excited when they don't tell us a lot so i appreciate the suspense from facebook. but the reality is we probably think the core of what's going to get announced today is just changes to the basic flow of paib. so you have time line and news feed, those are the core platforms. on top of that the wild card which we think could happen is some integration with bing and social search which would be something unique. but i think from just a high level, probably, you know, facebook is moving in the right direction, but maybe a little bit of disappointment based on the hype because it's probably more tweaks to the platform versus anything that's going to be new. >> people have been talking about a bing revenue opportunity whether it be some form of video enhancement that's going to get in here, or search. do you see whatever you're talking about in terms of just a change in the time line being enough to change the game