dropped. one media expert saying, "the age of digital downloads is basically over." appleasn't commented on the potential deal. however, dr. dre posted this video just last night. >> the first billionaire in hip-hop. >> reporter: dr. dre, up from the rough streets of compton, conquering the hip-hop world. six grammys under his belt, but this could be his biggest hit yet. again, that number, $3.2 billion. this is the largest acquisition in the history of apple. it's eight times more than they've ever paid for a company. >> somebody ought to be really happy tonight. thank you, paula. and happy mother's day to you. >>> coming up next, confessions from the car lot to the makeup counter. the secret ways salespeople get you to spend more than you planned. >> the minute they sat in the chair, the amount of money they spent went up double, if not more. >> how to stay alert when they want you to spend more. due to menopausal changes. the problem isn't likely to go away... ...on its own. so it's time we do something about it. and there's help. premarin vaginal cream. a prescription

apple dropped 20% in number two because the survey sees a slowing down.bm ranks third, microsoft is next in fourth place. >>> president obama today spoke out about accusations the va covered up the deaths of 40 veterans who died before they can get medical care. outrage is growing on the revelations of some va officials were falsifying data about how long some veterans were waiting to see a doctor. >> i will not stand for it, not as commander in chief, but also not as an american. none of the show. >> the president said today he has asked secretary schenn seki for preliminary report on the matter by next week. republicans are calling for secretary schenn seki to resign. >>> a major southern california freeway remains partially blocked hours after a deadly crash involving the tour bus and a big rig. the chp says the big rig jackknife sending a load of steel pipes across interstate eight about 2:15 a.m. the tour bus swerved and overturned trying to avoid this bill. for people on the bus were killed and several other passengers are critically injured. >>> a

. >> apple dropped opposition. a lot of arguments still being made by remaining opposition just fall flat now. >> two out of three robberies in san francisco now involve a smart phone. a big supporter of the bill has been barred where passengers have been targeted. abc7 news live now in a bart station with reaction. >> it wasn't too long ago bart warned drivers not to bring out cell phones on the train because it was becoming a problem. today, bart was pleased with what happened in sacramento. and if this bill becomes law, bringing out a cell phone might not be that risky. >> within hours of the state senate passage of the kill switch bill, city leaders were on steps of city hall. applauding it. >> we have technology to basically disable them. >> police estimate 75% of the robberies in oakland involve cell phones, crimes like these and sometimes turn violent. over time, if the kill switch requirement becomes law, interim chief believes that number will decline. if we can make it a disincentive to take the cell phon

we had that lose in the state senate i know that senator leno is making progress but apple has dropped it's support i want to make sure that san francisco is doing everything possibly to support it but have a back up plan so today, i'ming requesting the city attorney to ban the smaerpz that are not with a safety kill switch. as with sxhaert bill buyers should have the right to opt out of the kill switch if they want to but those who do care about public safety have an competitive advantage i want to thank sxhaert and judging on this issue and thank you president chiu for the sb support and it will be up for a vote sb 962 will be reconsidered by the senate on thursday it should be california law and preempt or probably preempt my legislation and let me be clear i'm welcome that. i want cell phone safety to be statewide by in the case sb 962 doesn't pass we should act here and now i want the industry to know they can't lobby their way past the public safety and if they don't act sacramento will the rest i'll submit >> thank you supervisor breed. supervisor campos supervisor farrell. supe

kpix 5 insider phil matier reports, apple has dropped its opposition to kill switch legislation. apple one of the biggest cell phone manufacturers in the world. it comes as state senator mark leno plans to introduce another bill tomorrow. a similarville came up two votes short a -- a similar bill came up two votes short a few weeks ago. >>> president obama will be in los angeles tonight for a fundraiser. earlier he was in arkansas to see the devastation from last week's tornadoes. one twister wiped out a whole subdivision. the president arrives in silicon valley tomorrow for two fundraisers for the democratic national committee. >>> the white house claims russia has not withdrawn troops from the ukrainian border despite claims from president putin. the obama administration says there is no evidence to prove otherwise. about 40,000 russian troops have been positioned on ukraine's border for several weeks. u.s. officials charge the troops are there to stir up instability in ukraine. >>> a mixed day on wall street with tech stocks getting clobbered. federal reserve chair janet yellen

think about how much cash apple just dropped. he's got that -- >> yeah. not unthinkable. be even including it, big takeaways from this conference in your view. >> i think we're in this middle state where a lot of companies are trying to figure out what is the next thing that you build on top of the smartphone. we're in the post-smartphone area. but you've got nest, google, apple doing this kind of fighting a music battle, looking at streaming. you have so many things going on. two years from now, we'll see how smart these moves are, but it will take a while. >> best presentation in your view? >> i missed several. but i love this conference. i've gotten very little sleep. i don't know about you. >> jon, great stuff. thank you very much. let's get back to scott wap they are wapner. >> we look forward to seeing you back here. welcome to the halftime show. here is today's game plan. and the beats goes on with apple finally scoring its deal with dre. what does the company really want for its $3 billion? straight from the fed. richmond president jeffrey lacker first on cnbc on h

we're hearing apple as dropped its opposition to the bill, but we couldn't reach the company about all of that. >> if you have an idea for 2 investigates, we'd like to hear from you. send your tip to 2 investigates at ktvu.com. >>> new video showing what happened when that teenage stowaway got off a plane from san jose to maui last month. it captures the moments right after the hawaiian airlines jetliner landed with the south bay teen tucked inside the plane's wheel well. this video shows the hawaiian airlines plane on the tarmac, shortly after it landed in maui on april 20. now, look closely at the center left of your screen. next to the engine, you can see two legs dangling from the wheel well of the jetliner. those are the legs of the 15- year-old stowaway. the teen then drops to the ground. once on the tarmac, you don't see much, then the teen emerges, and appears to be wobbly, and stumbling around a bit. as he makes his way to the front of the aircraft. there's no sign of any airport officials around him, then he disappears off screen. about a minute later, the teen reenters the p

apple and microsoft dropping their opposition to the bill helped it pass. the bill now heads to the state assembly. >> tonight at 11:00, guy marriage and cars. a local car dealership is standing up for marriage equality. with a new tv ad making a splash. >> nbc bay area joins us from the toyota dealership in oakland. cheryl, is toyota getting push back? >> there has been some push back for that commercial, but probably not as much as you might think. and that's probably because we are here in the bay area. >> i know i told you to meet me at the dealership but i bought the car. >> the ad begins with a well on the phone, talking to her house is. she was in the drive way apologizing about a decision she made to buy a new car. >> and the sale was so transparent -- >> then the reveal. her spouse is a woman. >> oh, my gosh. >> a television ad that some believe is the first of its kind. one toyota of oakland general sales manager irina ellis is proud of it. >> this is 2014, exactly. we didn't expect such feedback. it is amazing it see the phone calls come into the

. >>> apple is not dropping the smart phone lawsuits against samsung. >>> a bart worker is sues bart. they were repairing a dip in the tracks during the strike. the lawsuit accuses bart of allowing an inexperienced train operator to run the train without enough supervision. >>> a cottage cheese recall linked to a central valley cheese plant. it includes cottage cheese sold under nuts breakstone, simply kraft. . >>> former santa clara supervisor has been released from jail. the sheriff office said he was fled on may ninth after serving seven months of a year long sentence. charges include misuse of public funds. spending some of the money on gambling and lavish meals. >>> on this armed forces day a gathering to recognize the japanese americans who risked their lives overseas as their families were interned during world war ii. young men carried flags as music played above oakland. old men with canes and stories of war remembered the day that changed their lives forever. december 7th , 1941, a date which will live in infamy. >> it's very important to us. >> he was a college student when

we're hearing apple as dropped its opposition to the bill, but we couldn't reach the company about all of that. >> if you have an idea for 2 investigates, we'd like to hear from you. send your tip to 2 investigates at ktvu.com. >>> new video showing what happened when that teenage stowaway got off a plane from san jose to maui last month. it captures the moments right after the hawaiian airlines jetliner landed with the south bay teen tucked inside the plane's wheel well. this video shows the hawaiian airlines plane on the tarmac, shortly after it landed in maui on april 20. now, look closely at the center left of your screen. next to the engine, you can see two legs dangling from the wheel well of the jetliner. those are the legs of the 15- year-old stowaway. the teen then drops to the ground. once on the tarmac, you don't see much, then the teen emerges, and appears to be wobbly, and stumbling around a bit. as he makes his way to the front of the aircraft. there's no sign of any airport officials around him, then he disappears off screen. about a minute later, the teen reenters the p

the bill's author state senator mark leno tweaked the legislation which caused apple and microsoft to dropeir opposition. one change. the bill now longer applies to tablets like the ipad. it's still has to pass the state assembly and be reviewed by governor brown before becoming law. maureen kelly kron4 news. as we move into the later morning hours we will seeing everything to start clearing top.--up tempters of the door will be in the '50s that no forties' temperature-. don't forget about the ones out there tomorrow come, at near the coast line will see cuts of up to 40 m.p.h.. as we had until early next week we will have another he way with tempters soaring into the 80s and 90s. safeway knows you don't want to fly all over town to find the best deals. that's why they have lots of ways to save. real big club card deals, the safeway app and gas rewards. for mother's day weekend two pounds of driscoll's strawberries are just $3.99 moms love tulips. they're just $5.99 a bunch. and brew up starbucks for only $6.99. there's more savings to love... at safeway. ingredients for life. [doorbell ri

. >>> apple and microsoft dropped their opposition and so did a number of state senators and that means a bill to require kill switches on smartphones is moving on to the assembly now here in the state. the senate passed it 26-8. the goal is to help prevent scenes like this here. a crime wave of thefts as one lawmaker calls it. the new technology would make phones inoperable if they're lost or stolen. >> obviously, it's going to take some time for the thief in the street to understand that the phone he is stealing with no longer be marketable. but i believe that in a period of two or three years, we'll see a tremendous shifting in behavior. >> cell phone robberies currently make up nearly two third of all the robberies reported in san francisco. the bill would take effect in july of next year. >>> an intersection in san francisco continues to be a dangerous place for pedestrians. a car hit a 20-year-old woman in the crosswalk at sunset and yorba yesterday afternoon. the impact broke her shoulder. police cited the 25-year-old driver for failing to yield. in february a car hit and killed

even making the analogy of something like box, google- drop and apple and microsoft all have a drop boxroduct. but dropbox is still thriving. i don't think it is as cutthroat as media thinks. just because some of the big companies do it. consumers are drawn to companies which have rendered they respect and like. brands they respect and like. our advantage is we are focused around music. the message to consumers is clear. there is no hidden agenda. >> these companies have a ton of money. apple has a ton of money. some back tong stockholders, but they have a ton of money. google has a lot of money. suppose apple said they want to buy you. would you say no? or would you say, telling more? -- tell me more? >> i'm not very motivated by money. >> would that be a natural fit? >> i don't know. i don't know the apple guys will enough to answer. arguably yes. -- i can tell you our perspective. getare about how do we everyone in the world to listen to more music? statethat your mission ment? >> yeah. pretty much. we are thinking about how we can get the world to listen to more music. that is our t

. >>> apple and google is dropping two of the biggest lawsuits.was regarding smart phone patents. google using for android. patent --google requires two yes ago were also settled. >>> summer travels may get a little hectic if you are going out today. they have finished work on the two major runways. other two runways are in the final phase of construction. the project is expected to last in september. if you are lan planning planning to take vacations during the memorial weekend, you might want to think twice. we have details on what travelers can expect. >> the summer travel season will get off a hot start. according to the annual memorial travel for cast triple-a, the highest volume since the recession. after the winter's freezing temperatures, people are eager to hit the road. >> while, it was a difficult winter for many and the harsh winter appears to be good news for people gaining interests in summer time travels. >> as usual the majority of travelers will drive 88% and they'll find prices at the pump, maybe slightly lower than one year ago.

apple and microsoft dropped opposition after the we kill switch mandate was set back to july of 2016. >> apple is in talks to buy a popular electronics company. here is america's money report. >>> good morning, topping america's money, apple is in talks to buy electronics, cofounded by rap mogul at $3.2 billion deal includes new streaming service. >>> big announcement by kellogg's part of the kashi brand will not be called "will that." >> the bourbon shortage shows no signs of easing as it cranks out more bourbon that could lead to higher prices. >>> fat food waters are heating up with burger king added hamburgers to breakfast and mcdonald's is testing fries at breakfast with different toppings. >>> that is making me hungry. >> fries and the different seasonings hmm. >> how are the seasons? feeling like summer? >> we go from spring drizzle to summer heat. it will get hot next week. good morning, everyone. you don't like the weather? wait a couple hours. here is where the moisture fell overnight and that is what we talked about year, where most of the moisture is falling. back at home

and since then, two big players, apple newsstand and microsoft, dropped their opposition.ponents question the need for the law when most smart phones are already equipped with kill switches. c-net's richard nieva explains what the bill hopes to do. "to make sure everybody has it across the board and to make sure it's automatically turned on and a consumer doesn't have to go in and do themselves because some people might not do it or don't know they can do it." most of the wireless industry remains opposed.to the bill and it still has to pass the state assembly what are you up to? just playing hide the cheddar. can i play? it's more of a one person kind of game. i won. tillamook cheese slices, tastes better because it's made better. [bl ris] [pf. bke] farrs,w lievwhatou d't kw ke wfor insud drers? t corage [rot] oh. k[pf. bke] lk tfarms t corage d gesmarr abt yo surae. ♪e arfarms bu- pa dum m - m - m - m♪ wireless routers have certain speeds going in. but with our xfinity wireless gateway, you get more speed going out, giving you three times faster in-home wi-fi. got it. we

according to a research company, apple's brand value dropped by 20% last year while google's has soared feel sorry for apple. they are doing all right. >>> if you want to track your pet's fitness routine and vital signs, of course there's an app for that. >> reporter: of course. and it is called pet pace. it is a new smart collar with miniature sensors that monitor your pet's vital signs like temperature, pulse, respiration and activity. when you log into the app you can see how many calories your dog is burning around the house while you were away. the collar costs $150. there is a monthly service fee of about $15 a month. frank and michelle, i guess the challenge is really getting them to wear it. frank and michelle. >> and while you're at the beach you can say the dog is really getting a workout. >> you can take yours and your dog's vital signs. >> jill wagner of cbsmoneywatch.com, thank you. >>> a new study might make you think twice about booking your next flight. what researchers found lurking in the cabin. >> new details in the donald sterling scandal. the alleged cover-up attemp

that's why apple stock has dropped a little on the news.n the other hand, they may see numbers in the itunes store that makes then see what's to come. >> forbes says his net worth was $550 million. so as they were saying in that little individual joe we slowed earlier he will the first hip hop billionaire. bill wyman, it's always good to have you with the show may be over but the conversation continues. you can see us on twitter @ajconsiderthis. we'll see you next time. the stream is uniquely interactive television. in fact, we depend on you, your ideas, your concerns. >> all these folks are making a whole lot of money. >> you are one of the voices of this show. >> i think you've offended everyone with that kathy. >> hold on, there's some room to offend people, i'm here. >> we have a right to know what's in our food and monsanto do not have the right to hide it from us. >> so join the conversation and make it your own. >> watch the stream. >> and join the conversation online @ajamstream. >> well, it might be the most powerful source of ener

that's why apple stock has dropped a little on the news.e other hand, they may see numbers in the itunes store that makes then see what's to come. >> forbes says his net worth was $550 million. so as they were saying in that little individual joe we slowed earlier he will the first hip hop billionaire. bill wyman, it's always good to have you with the show may be over but the conversation continues. you can see us on twitter @ajconsiderthis. we'll see you next time. >> how old are you? >> 9 >> child labor in america >> in any other industry, kids need to be 16 years old to be able to work. you don't see any of that in agriculture >> low cost food >> how many of you get up at 4 or 5 o'clock in the morning to go out to the fields? >> who's paying the price? fault lines... al jazeera america's hard hitting... ground breaking... truth seeking... >> they don't wanna show what's really going on... >> award winning, investigative, documentary series. children at work only on al jazeera america >> good morning and welcome to al jazeera america. i'm

that's why apple stock has dropped a little on the news.n the other hand, they may see numbers in the itunes store that makes then see what's to come. >> forbes says his net worth was $550 million. so as they were saying in that little individual joe we slowed earlier he will the first hip hop billionaire. bill wyman, it's always good to have you with us. the show may be over but the conversation continues. you can see us on twitter @ajconsiderthis. we'll see you next time. is. >> good evening everyone this is al jazeera america. i'm john siegenthaler in new york. near miss over the skies of florida the very close call between a jet liner and a drone. >>> advance warning. could the kidnapping of the 276 school girls in nigeria have been stopped? >>> plus our special report, what you don't know about boko haram. made money, the real cost of fake cash and you'll be surprised just how easy it is to print. >>> plus in person.

. >> apple iphone sales dropped in first quarter remains at top of market.t sold a total total 20 million packs and ipads last quarter. >>> the winkelvoss twins are still betting on bitcoin. the parodies close ad regulatory variety for their winkelvoss bitcoin trust on the nasdaq. [buzzer] yes, they want to list on nasdaq. adam: i take your winkelvoss and raise you two bits. >>> drought hitting corn and bean crops hard. a subsidiary of dow component dupont is testing aqua max hybrid seeds to combat dryness. liz: jeff flock is right outside of des moines with more on this jeff, you covered droughts for many years. what is this going to do? >> i have a drought going on right here, right now. it is part after research facility. steve reno who runs the business in north america for dupont pioneer you have a drought going on here, right? >> we can create a drought if we need to. these type of facilities help us bring the very latest technology and traits to growers. some of these products hine us, this is where some of our aqua max products were developed. >> i w

why apple is ready to drop billions for beasts. the headphones created by dr.hose who don't live in the big cities are having a hard time landing a job. >> stocks were down on wall street for much of the day, but they rose after a late afternoon rally. checking the big board the dow gained 32 points at the close of business this week. apple may soon be making a multi billion dollar acquisition. they hope to buy beast electronics started by dr. dre. he seemed to make it clear. >> the first millionaire in hip hope. >> posted to facebook last night, the deal would be worth more ma than $3 billion. we go to mike with yahoo finance. this is a big move by appleby buying something and not building it in-house. is this a new post-steve jobs directive we're seeing here? >> it certainly is new. apple made very few technology purchases in the past. it shows something about apple's phase of development. they're basically a mature company with are a tremendous amount of cash hanging around >> they already sell beat accessories in their apple stores and they have itones, the

apple and google have called a truce at least for today and on one issue, they have agreed to drop multiple pat tent infringement lawsuits. apple called google's android operateing system a copy of the iphone system while google file a series of lawsuits against apple for stealing its mobile patents. the truce does not apply to apple's long ongoing and longstanding litigation against samsung over patent use. google's youtube unit is reportedly paying $1 billion in cash to acquire twitch. it's a videogameing streaming service. what exactly is twitch? who uses it and why is it worth all that money? >> it sound exciting, not exciting. >> reporter: most people couldn't answer this question, what's the post-popular video can el on google's youtube? the answer is twitch. twitch is beth known for streaming live tournaments, where gamers can watch others play. this is a big park. as many as 1 million people sometimes watch these do you remembers, which can last up to ten hours and that's exactly why google is now reportedly thinking of spending $1 billion to buy twitch. >> google obviously is inter

and apple and microsoft dropped opposition to the bill in california and are we seeing the tipping point>> i e hope so. you would hope so, and if you go back to 2005, a kid was killed in brooklyn over an ipod, and the family got a call from steve jobs asking what to do? and maybe the thing that apple could have done in a long time ago and will do now is to make these cell phones useless when you steal them. >> and if jobs were alive today, apple would have taken swifter action? >> i hope. so you figure that he has to be decent or he would not have made that phone call in the first place. >> yes, there is when we read the article and said, if it is so easy, why is this not the industry norm? >> well, it is interesting for its own benefit, apple did put in a secret kill switch a long time ago to whack out the apps that they believe that people should not have, so when it was a question of benefit for them, they went ahead and did it, but if it is a question of people getting robbed, they wouldn't do it. >> and thank you for stopping by, and the article is in the daily beast, michael daly,

drop box you know, google, apple, microsoft pretty much everyone has a drop box product.ut drop box is still thriving. i don't think this is as cut throat as media likes to point it out or that necessarily means that just because some of the big companies do it. i think consumers again are drawn to companies which brands they really respect and like. and i do think that you know our benefit is that our entire focus is around music. we don't have 55 different products. so for our message to consumer is pretty clear what we do and don't do, we don't have hidden agenda. >> rose: these companies have a ton of money. apple has a lot of money. google has a lot of money. supbuy you. would you say no or would you say tell me more? or would you say what's the number? >> again, i'm not very motivated by money, so ... >> rose: would that be a natural fit, apple and spotify. >> i don't know. i don't know the apple guys well enough to answer that question. but i can tell you -- >> rose: are you interested in beets. >> arguably. we want people to listen to our music. >> rose: is that y

apple and microsoft have dropped their opposition. the senate passed the bill. 's to prevent theft of cell phone snatching. it's dubbed apple picking. >> obviously it's going to take some time for the thief in the street to understand that the phones that they will be stealing would no longer be marketable. but i believe that in a periods of two or three years we'll see a tremendous shift in behavior. >> cell phone robberies are two- thirds of the robberies record in san francisco. >>> 5:45. let's check traffic with elizabeth. >> thanks, guys. you can see out the door we have some drizzle and we can see -- we can't see, rather, some of the cars in traffic cameras making it difficult to see. it's causing more spinouts out there. a few more incidents than usual and slow right now traveling westbound 580 approaching vasco. so looks like altamont pass to vasco is where the heaviest traffic is. a tow crew may block lanes but a car went off the road southbound 880 at whipple and so there's activity at least off to the shoulder. bay bridge overall typical for a friday.

would deal with some of this behavior of misbehavior by bankers that they could be an apple and suggested indeed to win drop this committee there pointed out the case of australia where they have wide ranging criminal offenses for which could address some of the wider miss this and misbehavior of core banking. but i think it's not just the legislation i think maybe the problem lies. also in some onto the two procedures and practices. dozens of march teasing by the banking industry body yet kind of trial and its outcome. and this state is prepared to it too and prosecute individuals for and firm and criminal activity by nation all all all god is the case and sometimes you can still use them. this doesn't happen it does happen to their underwear prosecutions. there were convictions. mr horton things the banking inquiry won't find much that's new but says hearings code help increase confidence in the new rage in a tree structures told me that rte news that the central bank the fathers become of a fifty four year old man accused of the manslaughter of pulling a fire in town almost thirty years ago dermot griffi

. >>> apple and google say they are dropping nearly two-dozen lawsuits.ey have reached an agreement to settle. the pattens were about patten infringement accusations which goolal acquired nearly two years ago were settled. >>> lot of fog coming in off the ocean. the sea breeze between 25 and 35 miles an hour. it's really cooled things down. it's wind strong enough to make for an airport weather warning. the warning is no longer in effect. the winds will remain blauserly for tonight. we have scattered clouds and sunshine to start out. looks for mostly sunny conditions in the afternoon. the winds are out there. possibly 30 to 40 miles and hour. midseflts inland. here is fog tracker. some patches of low clouds and in to the bay. we see the low clouds increase a bit as we go in to the morning. there may be some clouds toward the coast and we'll see what cloudiness we have give way to sunshine by mid- to late morning and in to the afternoon. winds off the ocean are possibly as stron as 40 mierls an hour. temperatures will be about the same tomorrow. look for 6

apple and microsoft have dropped their opposition to the technology that would render your cell phone use less if it's stolen. yesterday the state senate passed the bill. it now goes before the assembly. it's designed to prevent scenes like these, the explosion of cell phone thefts that law enforcement have now dubbed apple picking. >> obviously it's going to take some time for the thief in the street to understand that the phones that they will be stealing will no longer be marketable. but i believe that in the period of two or three years, we'll see a tremendous shifting in behavior. >> cell phone robberies currently make up more than half of all the robberies reported in san francisco. >>> well, there are some new audiotapes now of clippers owner donald sterling, this time he sounds ready to protect what is his and he insists he is not a racist. >> donald sterling: you can't force someone to sell property in america. i'm a lawyer, that's my opinion. how could you think i'm a racist knowing me all these years? how can you be in this business and be a racist? do you think i tell the

apple. and google considering buying drop cam. google is already keeping its eye on you.tially pull off with the help of the drop cam. tweet us at squawk alley and we'll get your responses later this hour. in today's market, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price, maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. that's crazy, his boss said. leaving the firm? moving across the world? to join a start up. so he sent money and rented an apartment in a new land. that's crazy, his boss said. what fun is life if you're not,he said. in over 700 cities worldwide, products and services that make a citi client anywhere a citi client everywhere. >>> welcome back. the co-founder of the reddit joins us once again. we

remotely there're so was inoperable if lost stolen since under to the legislation which causes apple and marcel to droppposition one change the bill along replies select i had is still has to pass the state assembly and the reviewed by the governor before becoming law. here in fremont a horde of sold most " bicycles and police car is asking for is the rightful owner if anyone comes and will have some form of ownership at this point police department is now still likes but will they will find homes for all of them. very nervous day trip of the kids and dental after threats found off-campus read the 12 people may eight demonstrators at the school is all of the envelope was department responded by adding extra police officers on campus and to patrol the area also is a fig superior officers of a hotel. many did talk brought into the night but decided mary's school was the safest place for the chow the beat. during up for of busy well fire season a lesser wildfire season never ended critics but do to the parching job. more than double the amount leicester. as a result it's bubbling and heart and equipment f

streamingn the move," online, on your phone, on apple tv and on the new apple fire tv as well. airbus reported a dropn first-quarter earnings. shares are lower. it delivered fewer commercial aircraft. fell to before interest 700 million euros. return on sales growth for this year. earnings were last year were restated to reflect account changes. top storys on our today, pfizer and astrazeneca cheese facing u.k. lawmakers to explain the future of jobs in britain. it is a controversy i'm next guest knows all about, having dealt with job losses in the wake of the astra and zeneca mergers 15 years ago. joining us to discuss this is sweden's finance minister. good morning, sir. thank you for joining us. >> good morning, good morning. for or against this deal? >> well, we are quite for it in sweden. takeover ofed the the pharmacy 15 years ago and that was the operations in sweden very heavily over the couple of years. the track record of pfizer when it comes to jobs is very clear. they have taken over three or four different companies globally. we cannot see the real business logic here, but it is clear th

screened the first episode at apple, twitter, google, drop box, and tumblr's head quarters.s just a week after "mad men's" mid season finale. with "breaking bad" ending, amc is trying to build a new portfolio. the ownership model has paid off with "the walking dead" for amc. it's the number one tv show for two seasons in a row and it returns this fall. as for whether "halt and catch fire" can get the results, we have to see if the early access to the tech audience catches fire. >> i think "mad men" lost some of the momentum going into the finale. interesting new business model for amc. >>> do you want to talk about next week? >> a big week in the market. we're rounding out may here with a slight loss. next week -- >> markets were higher for may. >> they were. 3% on the nasdaq. we have ecb, jobs next week -- >> and the apple split. >> and the walmart shareholders meeting. >>> that's a lot. let's get through today first, s&p, 1920, as we have been saying all day, that's four straight days. it is 8:00 a.m. here at the staple center. 1 11:00 a.m. on wall street. ♪ ♪ if you want

because it is known for spending all locked up by other companies instead apple has made a name as an innovator one of $3 billion as a drop the bucket for apple has nearly $160 billion in cash by around. also by purchasing beats apple also be getting serious music service apple has a steering is a service of its own eye to the radio but so far hasn't really caught on. also sells a ourselves on a pipe tunes are falling but right now it's speculation and not a done deal. stocks apple competes but both declined at comment. it could be really big payday for part order not to dry making him the first about the billionaire >> : coming up my kron 4 story that takes place at ellis reno is the partition and the sons of people are ignoring all show you more in the next addition of people behaving badly. to motivate ♪ ♪ thank you! thank you! dedicated bankers born to go the extra mile. you've been such a big help. it's what i like to do. so you can choose a bank where helping people comes first. chase. so you can. it's like they're having our entire news station in your hand all our resources all of our content we designed it to be

. >> apple reportedly offering to buy beats for a jaw dropping $3.2 billion.ts san francisco office for us lillian? >> we have seen employees come and go they seem calm about the whole thing despite the fact they can end up making a lot of money. beats music moved into this dog patch office building less than a year ago the music streaming start up part of beats electronics making high-end head phones made popular by celebrities. today, employees had little to say about a possible acquisition by apple. >> there is nothing official. right? it's all just rumors, just like, it's all rumors we don't know anything anyone else knows >> the plan is being hashed out and could fall through but beats founder drchlt dre hinted at the sale in a video posted in you tube. >> first he billionaire in hip-h hip-hop. >> his company designed and manufactured the head phones until it parted way was beats a year and a half ago. he says the technology is a bit dated. >> they're not considered to be speakers okay? or have quality. so we changed that game. about five years ago. >> an

hashe amount of cash apple --what is that in percentage terms? .0007%. >> drop in the bucket here. it means the cofounders -- else, they everyone will join apple's senior management. >> these are guys out of the music industry. >> they're buying heritage. he was one of the first people to see itunes. they are buying history. snoop dogg.o >> this is working with john munden and bruce springsteen -- john lennon and bruce springsteen. they made that sparkle in music. >> we're going to talk more about this and what apple gets out of this deal later on with david kirkpatrick. it is certainly one to watch. the second story -- president obama spells out his vision for foreign policy. he gave a commencement speech at west point yesterday. it was a rebuttal over his policy. onsays the u.s. must lead the world stage, but the military should not be the primary compound. -- component. >> there was no passion, no force. >> it was here, it was there. in the end, it was all about nothing. haass will be joining us the next hour. he said he walks the mid-line. he did not say here's what we need to d

apple's brand value is down 20% to $148 billion. drop ins weathering a pc sales. laptop and desktop shipments were up year-over-year versus the downturn for the industry as a whole. and it's global smartphone shipments were up. to rise itsexpected ipo later today. the online retailer that has a business model summer to amazon is seeking to raise as much as $1.7 billion in its u.s. ipo. .com has not turned in annual profit in contrast to another e-commerce site, alibaba. welcome to bloomberg west. i want to welcome our special guest host for the hour, the founder and managing partner of capital fund. great to have you here on the show. >> great to be here. i am really excited. >> what is going on now? where are you guys putting your money? >> we have had a couple of interesting things happen. i think it was well-publicized what happened around tender -- around tinder. >> you sold a big stake of tinder. >> we did a controlled transaction of one company. we inherited ownership of tinder. we sold that. what spoke to us was, when valuations get crazy, which i think we

apple and google the claire a cease-fire. dropping smartphone patents against one another. hey will work together to reform patent law. this involved them over -- motorola mobility phone unit. user suing apple over vanishing text messages. the message system interfered with delivery of text messages one she switched to a samsung smartphone. .> it is called snapchat >> two years after facebook went public, insiders have cashed in. since the ipo they spoke insiders have sold 7.2 billion and in -- in stock. cofounder mark zuckerberg and peter teal. that is today's company news from the files of bloomberg " west. >> is he like old news at 30? >> he just turned 30. >> i give him credit. he has been written off a few times but seems to be gathering momentum. facebook seems to be gathering momentum. i find myself using it more than i have ever used it. >> y? >> to me, it is relevant. you cannot get the guy too much grief because he has tried to retain the crown. as tom does love his throne, i love my thrown from coronado, once you have decided what thrown you want and get it, try t

in the united states you can drop out of college to find apple and revolutionize people's lives. you cannot drop out and get a job as a public school teacher dmv. the dmz -- at the that is increasingly true in the private sector, although not quite as much. i have objected to that thread number of reasons. i am not convinced that the mast -- the vast majority of jobs .equire a college degree i'm not talking about areas, vocational areas in which qualifications are necessary i'm not talking about medicine or engineering -- are necessary. i'm not talking about medicine or engineering. all it does is require a degree. it doesn't require a degree in what ever it is you are doing. i'm not completely sure that is a good idea. singapore, for example, has an educational system that allows those that are excellent into streams and relegate those that are not to a future outside of what singaporeans considered to be excellence. an earlyam people at age. they say you are destined to be a governor, minister, or a bureaucrat. people develop at different stages. a credential last society can al

drop. >> all right. what caused you to think apple and motorola, i think the other giant to switch in both opposing your bill to going neutral. which was a signal that was going to pass? >> i was told by microsoft and the other company that it's a different operating system, so we did that and made an extra six months for implementation time so it's more feasible for them and then these two giants said they were no longer opposed, which really just undermined the entire foundation of the oppositional argument because here's apple and microsoft saying, we can do it. >> it's sort of interesting the switch from it's impossible to we can do it. was there any sort of justification for that? >> as i said, the arguments were always false to begin with. >> they can, we can live with this now. >> that's exactly what happened. >> within hours of it passing the senate, we started hearing that what is really needed is a national kill switch. >> your consumer base wants this and the world knows if we do this, your revenues will decrease. it seems self-serving. it's the argument they make strongly as we walk into the

there was a bigger than expected drop in weekly jobless claims, and consumer spending remains strong. >> it is a done deal. apple has confirmed it is buying beats music and electronics for $3 billion, and it is apple's largest acquisition to date. >> analysts say the deal will boost apple's cool factor, not only because the purchase includes a popular line of trendy headphones. >> big headphones are in fashion, especially those made by beats electronics. the brand has long been a staple in apple shops. now the corporation has taken over the manufacturer completely, but it's not just the hardware apple is interested in. beats also offers a music streaming service. customers pay a flat monthly fee to stream as much music service as they like. subscription music services make up the fastest-growing market in the industry. customers are less and less eager to download individual titles. >> if you look at the current music market, downloads are declining for itunes, so apple needed to do something. our bones are declining, streaming is growing. >> still, apple has a weight to go. -- a way to go. with the takeover, ap

neil: it looks like apple and google have agreeed to let by gones be by gones. droppingpast litigatios against one another. gary, both sides saying, we have more money to be made just coming up, with neat new innovations in our own right than get tangleed up in court. >> i think they saw the attorney, both said what the heck are we doing, we're juggernauts, huge companies with a ton of cash, great future, let's figure common ground, instead of opposite. neil: samsung has not been as much as a juge juggernaut. >> samsung is the biggest issue a lot of money involved, a big patent that -- bigger stuff than we've seen with google and apple, i think this is something gone away for now, if something big shows up again somebody will be fighting. >> i disagree look at numbers, if there is anything to support gary's argument, they only got 300 million awarded to them against google in this last lawsuit, that was probably. neil: we were wasting time on silly stuff. you can't do that. >> these are such a drop in the bucket. this is not what it is bthey got close to a billion out of