about a month after announcing new iphones, apple had a new announcement, including new ipads. besides that, appleounced apple pay will start on monday and showed off ios 8 and mac operating system

about a month after announcing new iphones, apple had a new announcement, including new ipads. besides that, apple announced apple pay will start on monday and showed off ios 8 and mac operating system . os 10 yosemite. for more on apple's big day, i was joined by joe brown, paul kedrosky, and president of the global design for lunar. take a listen. >> it has become a real -- it is easy to unlock and get things when you are authenticating. security is very important right now, especially to apple. it is a really big deal. faster wi-fi is very good. especially people using laptop replacements. they are thinner. you can stack two of these on top of each other. and it is still thinner than the original ipad. >> how are you feeling? are you still feeling mac? >> i am still a mac. it is what we thought we would see. we are seeing it. i saw on my twitter stream about how they are going on about thin, as if nothing matters. none of it changes the fundamental problem that the purchasing cycle for tablets is much slower than phones. there is been a real loss of momentum. --ing the devices that are thinner

besides that, apple announced apple pay will start on monday and maced off ios 8 operating system. for more on apple's big day, i was joined by joe brown, paul kedrosky, and president of the global design for lunar. take a listen. real -- it isme a easy to unlock and get things when you are authenticating. it is important especially to apple. deal.a really big faster wi-fi is a very good. especially people using laptop replacements. of these on top of each other. >> how are you feeling? are you still feeling mac? >> i am still a mac. it is what we thought we would see. we are seeing it. i saw on my twitter stream about how they are going on about thin, as if nothing matters is that none of it changes the fundamental problem that the purchasing cycle for tablets is much slower than false. a real loss of momentum. it is not really going to change all of that. the fundamental problem they have been in that market. what worries me is that all of of what cook is is optimization. making things thinner. making is bad at is things that make you say, oh my goodness, and four is doing what?

apple just announced apple pay where you think we're really going to start to move towards that different payment system, which i think you anticipated early on with paypal, correct? >> well, there was a lot of innovation around internet payments in the late '90s when we started paypal. and i think there is a second wave of innovation happening around the mobile internet today in the last four or five years. and so i think it is going to be critical for paypal to be very focused on a lot of these product questions in the years ahead. it's going to be somewhat more competition than they've had in a number of years. so i think having sort of stand alone company that is focused on payments is good from a product perspective. >> now, interesting thing about paypal is while a lot of people have criticized that it hasn't innovated very much, it's been very sleepy, it has not been great for paypal to be part of ebay, you know, google, amazon, most of their big competitors aren't really anywhere with payments. from what i understand, some of the concern of spinning off is google is going to come in and put down an ungodly amount of money to own it because it's such a valuable thing. amazon might. facebook spends money on things many people never use. do you think paypal is going to be in play as an acquisition because it has such a powerful effect? >> i think most tech does not make sense. one is cost saving and consolidation. that's like banks combining with each other where they fire lots of people. and the other one is because you have deep product synergies which happens occasionally. facebook and insta gramm was a great. >> or paypal and ebay. >> most of the time mma does not make sense. so i'm actually not so sure that it would be in play. >> but i got to ask you about occulis and face book. >> the viewers advocate for a second here. occulis is this very small company with this headset. virtual reality there. >> are people who defend instagram and what's up but do not understand occulis. >> we have investors in occulis. >> well, take a guess. to me, it seems like facebook bought a research lab. >> well, there is a judgment that virtual reality is this incredibly important new platform that is just starting to happen. and occulis is the company with the by far the most advanced technology in this area. so it makes a lot of sense. >> there is a judgment that makes me think that you don't support that. >> well, i was not involved. >> i understand you weren't involved in the decision, but in retrospect. >> we won't know for a few years. but i think there is a tremendous excitement around the technology. i think that -- and i think it is getting -- it is happening right now. so there is sort of -- it is an important way people will experience the world. so there are some natural synergies on product side with social networking. it is -- but it definitely is -- it is definitely a somewhat more speculative deal than instagram or what's up. >> i think it's not clear whether people will get engaged in virtual. i've tried the occulis glasses and they are amazing. but will people really want to spend that much of their time in virtual reality. >> and how does that connect with facebook? >> communication or education, you can be in one place together or feel like you're in one place with people. >> a great ad platform. >> it could be potentially. can i change the subject? having read your book, which you're out talking about. and one of the things you got some controversy around was saying people think you said don't go to college, and you started these thiel fellowships. that to me is somebody who is a believer in education, i always thought i don't know how i feel about this. i read your book, and i found i agreed with a lot of what you had to say about education right now in the book, that it was stiff, that it wasn't really a place where original thinking is happening. and yet i do wondered, do you really mean -- did you really mean to say that people shouldn't go to university or is what you're trying to say a little more complicated than that? >> i've always said that there is no one size fits all. so i don't think everybody should go to university. i don't think nobody should go to university. i think people should think really hard about what makes sense for themselves. i don't think everybody should become an entrepreneur. i don't think that makes sense even remotely either. so we have a program for 20 people a year. we don't have a program for a million people a year to be be entrepreneurs. so i think that one of the reasons that we have this education bubble sp that things have gotten so tracked and we have this mind said. you go to yale or you go jail. this is nothing else you can do. and we have to have a wider range of different options for people, for the young people in this country. >> now one thing that struck me when i was reading your book on the topic of education, i think when you and i years ago first talked about this, before you were doing the -- i think you made a joke no one is spending half million a year to study chaucer. it's really about this sort of fake insurance plan more than it is the desire of learning. yet in your book, about business and entrepreneurship, you quote tolstoy, nietzsche, shakespeare at length. your book is almost an advocate for liberal arts education. >> i read all these things on my own. i did not in college. i read them on my college i didn't need to spend that much money to read them. they've been pretty cheap to read. >> let's take a quick commercial break and we'll be back with peter thiel in just a minute. 8. >>> welcome back to "press: here." we've been talking to peter thiel. one of the things you have been discussing is go from zero to something. don't copy. the world doesn't need more than one uber. >> we don't need the fourth online pet food company. with don't need the tenth thin solar panel. we don't need the one thousandth restaurant in san francisco. >> find something nobody is doing. how does one find the thing that nobody is doing? >> well, it's always -- this is always quite hard. but this is the central problem you have to solve. and it's not just what nobody is doing. it's not just a negative thing. it's also what is valuable. so what great business is nobody building. it's not just what dumb ideas nobody is pursuing. it's what great businesses nobody is pursuing. >> a lot of people are sending rockets up, including the government which almost has a monopoly on it, almost. spacex is a copy of something, isn't it? >> well, it was certainly very innovative. it was the first aerospace company to be started in 40 or 50 years at least. it was an attempt to do space flight on a private basis. and they have over time actually improved things quite dramatically. the big technology spacex is working on the make rockets reusable. >> but would it be fair to say spacex is an nativive company. it's a wonderful company. i fully support private space exploration and everything they're doing. but it was -- somebody is doing this. we're going to do it better. >> the idea that people could retire on mars, that feels pretty zero to one to me. >> certainly the goal. the goal that was there from the very beginning was to go to arrest in. >> the end goal. >> the end goal was transformative. and there were certain parts you had to reinvent. some things you copied. some things you did new. but they have an end to end process for manufacturing rockets, which is not the way it's done right now. >> i want to jump off that you talk about in the book a lot of mistakes that startups make. and it strikes me that a lot of these things are what other people consider the playbook. you talk about focussing on sales, not just product. you talk about not just it rating your way around, not being too lean. those are all the things that people have taken as givens how you start a company. >> this is another one of the means that people have where the disruptive person in elementary school gets sent to the principal's office. nasa was a disruptive company and you ended up getting disrupted by the government. >> right. >> so i think we have -- i think people are always looking for some kind of a formula. and so iteration is a good formula. what people are doing and copying. those are good formulas. but the great companies do not have a formula. the next mark zuckerberg won't start a social network. larry page won't start a search engine. >> so you shouldn't be a playbook than your issue with those ways of starting companies? >> i think there is not that much of a playbook there is no formula. >> can i ask a question about -- >> the most important thing you have to keep in mind. >> innovation. and one of the things i see happening right now is there are a lot of peoples that are just iterating a little bit. you try this internet company, that internet company there are spaces like biotech where it seems harder to get people to invest in. and i know you actually do invest there, because it takes longer for the innovation to pay off. and you're somebody who cares a lot about innovation. some things do take longer. how do you get investors in our system not to be thinking about the next quarter and to actually invest in things that are going to take longer that are scientific and may result in huge breakthroughs? >> a lot of people say that is not the job of a venture capitalist. >> i think you have to get some of these things to work. i think one of the things people aren't putting that money into biotech is it's been a bad area for 15 or 20 years. it's had a long history of failure or a lot went wrong with clean tech in the last peck cade. it's important to invest in energy but people get discouraged when you have a whole bunch of company shas have blown up. i think success begets success and failure discourages people. we've had 40 years of success in computers, internet, mobile internet, the whole world. we've had much spottier track records in the world of atoms. my first cut is we have to get some things to work and that will get more things to work over time. >> how do we do that? i'm asking not just as a venture capitalist, but as somebody interested in innovation, how do we get some investment behind people who are doing really nativive work that may not pay off right away, but may ultimately have huge payoffs? >> well, my answer is we have ask some hard questions why these things haven't worked in the past. so what's gone wrong -- try to with what has gone wrong. i think a lot of the scientist-led companies were delusional about business. scientists often have insane ideas about how business works. one of the things we're very big fans of this pairing really talented scientists with really good business people where you have some complimentary of skills. we have to have an honest accounting of what hasn't worked so we can try to do better. >> right. you have said some critical things about yahoo!. and i think yesterday or the day before max levchin said on bloomberg that he was permly offended by you saying yahoo! was not a technology company and he was going to take that up with you. has he taken that up with you? >> i'm going to jump in again. max levchin sits on the board of yahoo! and peter and max today founded paypal. so there we go. >> well, it's all these -- what counts as a technology company is always quite a tricky thing. and every company on the nasdaq 100 brands itself as a tech company. but there is a point where investors in them are actually betting against technology. so microsoft is a bet against linux. it's a bet against new platforms. ibm is a bet against software innovation. oracle is a bet against cloud computing. i would say oracle, microsoft, ibm, these are also not technology companies. >> what is yahoo! again? >> it's probably a bet against changing the way they get information on the internet. so there are certain -- and so it is it is in a weird way i would say actually an old media company at this point. they have tons of viewers, tons of cash flows that come with that. and as long as nothing changes, it will continue to be a very valuable property. >> more significantly thania hao, though, you looked at companies like google and apple which have huge tons of cash that you kind of said that's a sign they're not innovating. they have all this cash sitting there. >> well, of course, google is innovating a lot. but they're not innovating that much relative to the amount of cash that they have. so the critique is they're doing way too many flaky things. but on the other hand they have $60 billion of cash. we have zero percent interest rates. you have bernanke yelling, begging google, anning, find something to invest that money in to grow the economy and they're keeping it in just in cash because they don't have enough ideas relative to the amount of cash they have. >> carl icahn wants the money to go back to the investors. if you were the head of i/im, would you give it back to the investors, would you buy something? would you let it ride? >> i think what tim cook is doing is generally right. but whenever you give money back to investors it's an admission you're out of ideas. so that's always a step these companies don'

apple gadget would help. >> wait a minute, another apple announcement? even apple acknowledges they've gone to the well a few too many times. the invitation for thursday's press conference say it's been way too long. a bit of self-deppry kating humor. the talk of a new ipad, maybe a new imac as well. ireland getting ready to change its tax structure. the government there set to end a loophole. it's more fun to say than it is to explain. bottom line, it could hurt the bottom line. the stock market starts the week after another los friday. let's turn to courtney reagan. good morning. >> good morning. futures are mix ed after tok iss fell sharply on worries the global economic slowdown could hurt u.s. growth. the dow suffering its worst week since early august. the we get reports this week on retail sales, inflation and housing. earning season gets underway this week. dow was at 16,544, nasdaq dropping to 4276. >> just when you were getting used to the idea of using your electronic device gate to gate, the flight attendant's union is going to go to court to stop it. m

apple had a big announcement from their campus in cupertino today. apple announced new generation of ipads and i mac and they released the new operating system, too. they also announced today that, i thought this was interesting. there's no such thing as the appletch. that was a joke. it wasn't a joke. [ laughter ] they announced the apple watch is coming out early next year, which is funny, because they already announced the apple watch last month. so, now we're getting excited when apple reannouncing things to us. [ laughter ] they should build apartments outside of apple stores so people with live in line, waiting for their products. they just had a big announcement event last -- i mean, i wonder if they're aware that the phrase an apple a day is just an expression. they don't have to take it literally. starting tomorrow, you can preorder the ipad air 2 and mini 3. at this point, i have enough i pads to build a step stool in my home. the air 2 is the thinnest ipad to date. 18% thinner than the original ipad, which is great, because who wants to carry all those extra ounces around? actually less than an ounce less than the last ipad. it feels like apple is screwing with us now. look at this video they put out for the new ipod. >> here at appl

announcement -- apple pay will start on monday. here is ceo tim cook. >> the iphones also get the benefit of another major announcement we made last month. of course i am talking about apple is an entirely new way to pay for things in stores and in apps. >> apple pay will be accepted at 220,000 stores including retailers like mcdonald's and nike. how are these companies preparing for apple pay? st joining us hur from boston. panera bread is one of the first places that will be using it. how does it work? excitingk it is pretty . there are two ways to experience it. first is as an app. that asks ifp-up you want to pay with apple pay, so it is really simple. then i can authenticate with my finger or thumb print. or i can literally walk up to a cashier station, place my order, and we have a device in front of the cashier where you can hold your phone close to it. it messages -- do you authorize this, and then you authorize it again with your finger or thumb print. you get an knowledge meant back that you just paid, and egg back from apple. acknowledgment back from apple. it is part of our 2.0 strategy. >> when it comes to training staff in getting customers used to it, do yo

of course, follow 2014, apple ink made a splash -- apple inc made an announcement it was moving into appleh. we decided to look at different products from different companies. first up a hexal skin a test designed to measure biometrics. a network using blue tooth to upload data. >> i have my hexal skin shirt on, sinked it to my phone. it is available to professional athletes and on my iphone. let's go. i have the basis watch on, which is measuring some of the same things. we do a comparison after. the intel basis can calculate steps taken, calories burnt and heart rate. it connects to the mobile device. my heart rate reached 118 beats per minute. the basis showed my heart rate was lower. the basis provided relevant data and was easier to use, not as accurate as the hexoskin. >> while film was on the beach i was on assignment in las vegas. i was asked to compare three devices. waterproof, no charging, runs off the power of your mind. tracks your sleeping. that's not creepy. we can determine what makes it different from one another. for me, style is important. it's clear out of all the devic

apple is expected to announce another upgrade. experts believe it will be the new ipad and could include fingerprint i.g. sensor. apple, of course, has not said anything, today's announcement will be at 1:00 today but apple may have let the news slip earlier. take a look at these pictures, yesterday, it was found on apple's user guide on the operating system. an ipad air 2 and 3, apple quickly removed the images and staying mum about today's announcement. >> the robot called truv, that stands for total room ultraviolet. >> as good as it is, that is not what is going to fully treat the virus, it's the procedures and protocols and work done by individuals, trying to provide supportive care for our patients. >> several hospitals in the hospitals are using trude. two have been sent to liberia to disinfect facilities. >> meantime, it looks like one you person is trying to cash in on the ebola virus. one person has this most viral costume of the year with mask, goggles and latex gloves. >> announcer: now your nbc10 "first alert" weather. >>> still coming down in parts of the area. rain on and off in center city. right now, 65 degrees at 4:26. jillian mele has track. hey, jillian. >> good morning, bill. the roa

apple. announcing earnings today apple said it sold more than 39 million i phones over the summer. nearly two million more than predicted. chief executive tim cook says demand for the 6 went on sale few wee weeks ago is off the charts. also today applehed this new smart phone credit service called apple pay. if sergio has more on the first day of the new service. >>reporter: at the roll out of apple pay, stanford university student nick one of the first people in line what is the best advantage of having apple pay? >> i think the security. i don't think we have ever seen something this secure especially from local payments. >>reporter: immediately mentioned 2 security feature. the i-phone prompt the owner to fingerprint the purchase and if the phone is stolen or lost it's disabled. >> if you lose your folk you can just turn off payments from the phone remotely with find my i-phone. >>reporter: 6 and 6 plus owner familiar with apple passbook app can now load a visa credit or debit card. phone take aspect of the car then creates electronic pay token series of unique numbers. there's another number on there that will run through the payment system just like it was a card number but not the actual number that's on your card. >>reporter:

apple's holiday sales? investors just yet? we take you inside the very detailed apple announcement. there are about nine different arms to this body. ♪ ♪ so i can reach ay bank 24/7, buthere are noranches? 24 it's just i'm a little reluctant to try new things. what's wrong with trying new things? feel that in your muscles? yeah... i do... try a new way to bank, where no branches equals great rates. and cialis for daily use helps you be ready anytime the moment is right. cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any allergic reactions like rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a free 30-tablet trial. ghave a nice flight!r ciabag right here.se traveling can feel like one big mystery. you're never quite sure what is coming your way. but when you've got an entire company who knows that the most on-time flights are nothing if we can't get your things there too. it's no wonder more people choose delta than any other airline. they take us to worlds full of heroes and titans. for respawn, building the best teractive entertainment begins with the cloud. this is "titanfall," the first multi-player game built and run on microsoft azure. empowering gamers around the world to interact in ways they never thought possible. this cloud turns data into excitement. this is the microsoft cloud. [ inhales deeply ] [ sighs ] [ inhales ] [ male announcer ] at cvs health, we took a deep breath... [ inhales, exhales ] [ male announcer ] and made the decision to quit selling cigarettes in our cvs pharmacies. now we invite smokers to quit, too witour mprehensive program. we just want to help everyone, erywhere eathe a little eier. introducingng cvs health. because heal is everythi. introducingng cvs health. when folks think abo athey think salmon anand energy. but thergy bp produces up creates something else as well: jobs all over america. engineering and invaon jobs. .. .. .. ..ha ..n ..that ..it' .. .. ♪ over 1000 financial advisors. .. so, how are thin? go, good. nearly $800 billiodollars in assets under care let me just puthis away. how did wa jones get so g? could you teach our kids that trick? by not acting that way. ok, last quarter... it's how edwjones makes sense of investing. ♪ liz: new market volatility today. look at this chart. this is absolutely insane. intraday you can see we're still above 25 here for the vixx. traders have major concerns over ebola, slowing global growth particularly among europe and other uncertainties but what's really going on here? underneath the underbelly of the markets. charlie gasparino has brought along joe fami, and joe has a theory, don't you, about what's going on with all this volatility. by the way, the vixx up 90% year to date. >> yeah. yeah, there's a lot of -- i like to try to keep an open mind and look at the positives and negatives in the market, but one of the biggest negatives is the institutional selling. since september 3rd, there have been 15 out of 32 trading days very distribution days, and that's important because the big institutions are the ones who control the market. it's not me buying a hundred shares or even charlie with his big bankroll buying 10,000 shares -- >> 10 shares. [laughter] >> it's the big pension funds and mutual funds and hedge funds that are controlling the market, and when they're dumping stock, it's important to follow. the big question is why are they doing it. >> now, there's lots of talk there's a mid size macro fund in the market that was short treasuries, long oil, and that, and that deadly combination -- >> yes. faces. >> is blowing up in their faces. some of this is an unwind in than one fund.g there's more there's a lot of them that have that whether it's shire or a lot of people were betting on global growth and for rates to go higher, so a lot of people were short. and you could see that in that huge spike yesterday on the ten-year. >> have you heard any names out there? >> not yet. but i've heard from people that there's a lot of people who were in that crowded trade and got in trouble -- >> i can tell you one point of fact, skybridge, anthony is now a fox news contributor, he covers a lot of the big hedge funds. he said not any of the top 100.3 he says, he hasn't seen anything unusual. so it's cleary a mid-sized -- clear a mid-sized fund. liz: joe, you talk about why they would have to sell, because their clients call up and say i want out. i don't like the plan you actually have. you thought oil was going to skyrocket, it's done the total opposste. >> hedge funds -- liz: right. you can't just call up -- >> this is a loss. liz: but they can hear the phones ringing, so they will then make trades. there are margin calls. >> correct. it's not only clients, but active managers can make decisions on their own. the fears are endless. maybe the end of qe, maybe ebola, global growth as we've talked about, china, europe. they could also see there are some warning signs, and usually we don't find out the why until months later. liz: what other trades have gone south? the long euro trade? a short u.s. dollar? dollar has strengthened, as we've shown our viewers. >> yeah. i look at a lot of the individual growth stocks, you can see with netflix and so forth. in a better market, that wouldn't happen. >> but the trade now was pretty, it wasspredicated, the trade that we think is screwing up the market was predicated when everybody thought decent growth out of the u.s., treasury prices, interest rates oing up, obviously, prices going down, their you knowwwhat --e have got liz: so certain hedge funds that went astray, short treasuries, long oil. or long gold. >> right. >> either one. but both trades predicated on the fact you believe in global growth -- u.s. growth, and for some rrason it didn't happen that way. liz: so now here is another important question, can any of these if they were a major macro fund hurt the rest of the market? >> it could, yeah. it happened in '98 with long-term capital. that was the same thing, betting on russian debt which defaulted, and that wasn't quantified -- liz: how mucc in assets under management -- >> iidon't remember exactly. i don't remember. >> it wasn't that -- >> i want to say it was a few hundred million, but i don't remember. >> remember, what got them screwed up was leverage. that fund was leverages so much that we were talking about a $3 billion trade or something like that. >> right. >> here's the real issue with long-term capital, and it could play out here, you had copycat trade. who copied long-term capitals playing on goldman sachs, merrill lynch, so that's why they stepped in, to stop what they believe happened in 2008, the fed came in and did some sort of self-bailout. what people are worried about here is a simple thing where you have a couple major, mid-sized hedge funds on the trade -- >> qe4. do you think it's going to happen? >> i think it could. >> give us the odds. >> i think they need a specific plan, though, because bullard, as you said, is not a voting member. they need yellen and, except, draghi to put a plan together. they need to put a plan together. i don't know if they're going to -- tte fed is too reactionary. it's as if the market's down, and they're watching the tape and they say, oh, we've got to do something. they're almost too reactive to the market. liz: what they say and do might be two different things. >> sure. >> i think they're going to do it. listen, you mentioned this to me once over a beer, and it was one of the smartest things i've heard. president obama needs the stock market to stay where it is. >> he can't afford for it to fail. >> what do you do in the face of this? >> he appoints yellen, and if he gives the push, she's going to have to -- liz: well, george bush appointed bernanke, and he might have done the same thing. >> yeah. liz: joe, great to have you. please, come back again. >> thank you, i will. liz: charlie gasparino briigs him along. closing bell, 27 minutes away. the s&p 500 has turned positive but, agaii, we've seen this more than 60 times at least from the dow jones industrials today alone, up, down, all around. they may have reported better than expected earnings, but will it be enough to keep the major financial institution on top? and with all the ebola headlines spreading a lot of fear through the travel industry, how are the airline stocks reacting? they've actually held up pretty well the past 24 hours. is in the time to jump into airline shares or fly far away until the story's settled? joining me next, bob mca do, imperial capital airline analyst. he has names he loves right now. ♪ ♪ hard it can be..ow ...to breath copd? it can feel like this. copd includes chroc bronchit a emphyma. spiriva is once-daily inhaled... ...copd maintenance treatmen.. ...that helps openy airwfor a full 24 hour you know, spirivhelps me breae easi. spiriva handihaleny airtiotropium bromider inhalati powder does not place rescue inhalers for sudden symptoms. tell your airdoctor if yohamider kidney problems, glaucoma, trouble urining, or an enlarged prostate. ese y worsen wit iriva. discs all medicines you take, en eye dps. ststop takinspiriva d seek immediate medical help i ur throat or tonguewells,... u can get hives, vision chaes or r eye pain orroblems passing ure. other si effects include dry uth anconstipation. nothinn verse copd spiriva lps me breae better. sf blowing sound. does bathiitps me breaecopd.... ...weigh you down? dot wait ask your doctorbout spira handaler guyseve this!not gonna >>watch this. sam alwa gives thenheadews ema.n person, good news-fedex ha flat re shng. it's cled fedex one ®. and it's affordable. >>so great elphone typing (typing contins) (woosh) ell ones bz, chirp) >>d we have to wk the weekend... great more good newst'friday woo! ship pak via fedex expss s. melissa: well, the s&p and the nasddq breaking news are still hooding on to positive territory. we have just 22 minutes before the closing bell rings. you heard my column say eaalier this hour, the market is, quote, a definite true statement. let's get to nicole petallides on the floor of the stock exchange. yesterday, keith said we don't feel panicky on the floor. they know what that @eels like. >> no doubt. the number one performer in the dow jones industrial average is -- to your point, you know, the traders take these in stride. for the regular person to lose five petitioner in five days that's a big deal. what the traders are talking about now is where is the bottom. they don't spend so muuh time trying to actually pick the bottom. on the contrary, heard a lot of them talking about the fact that you buy throughout and then you even it out. in the mmantime it's pretty tough to stomach these big news. take a look at goldman sachs. down 2.7 percent. at the moment. particularly with the bond trading revenue. that was good news. the big picture we were down over 200 points today and it's the 19th straight day of volatility. i know you know we've had some month of october and october is already one of those months that makes people nervous because it's 1929. perri: tell me exactly whaa you think of this maybe you don't advice people to buy, the -- the big financial institutes have been the ones complaining that they needed volatility to make money on trades perhaps it's the really blow it out of the water. just because something is down today, doesn't mean it will be down later. >> the volume -- today no different. big day on wall street for sure. >> the bangs are happy. trust me. nobody is happy about the news flow about ebola. the news keeps breaking moments by moments. americans are very fearful. look at the cover of the new york post. for those of you who aren't in new york, we you, air ebola. and they show the frontier airline jet that was leaving infected nurse on board. the hunt for the 139 passengers. we've been covering the schools in texas and ohio that are being shut down after learning students and staff members have been exposed to ebola patient amber vinson. and then, of course, we the cleveland plaae dealer. ebola scare lands in northeast ohio. so you heard at the top offthe hour that we do have two situations: we do have an evacuation of a school that's going on in akron, ohio. then there is a patient with ebola-like symptoms? yale new haven. withhall the breaking news, the airline industry has been rather jittery. today looks good. is now the right time for you to get into airline stocks? here with you now is bob macdo. he's imperial airline analyst. listen, you're in la. you saw this. the air ebola headlines. part of you wants to laugh, ut the other part is saying omg, this is certainly worry some. but airlines have pdf -@well over the past year. >> over the past few years they have. but the last few weeks haven't been that way. it's an interesting industries that's gone through a lot of change. mergers. finally you're operating like real businesses and not just chasing market shares. the one thing that is really interesting is that, you know, we've had a couple quarters now that have been record quarters. delta recorded a record quarter. we're going to get more record announcements in a week or so.% >> more record quarters in the next week or so, why? >> because peoppe have been really focusing on just running those flights that work and trimming the system back. don't just keep putting more and more airplanes. the major airlines haven't grown. delta is flying 200 less airplanes than they did five years ago. people have squeezed down. they're flying the flights that make money. you've got really good numbers coming in. that's before you get the fact that oil has come down. oil is a third of expenses of most. a third in about their expenses and all of a sudden whatever good numbers you had going into this quarter means fourth quarter will have a better situation. >> so why are investors focusing on the jet fuel component that you just articulated. jet fuel is suddenly a lot less expensive. do you think they're changing up their hedge strategies because it is at such a low price and that will propel these stocks and if so, which ones? >> well, deeta this morning made the -- the comment that what we've seen so far in terms of price reductions is going to add, just continues like it is adds a billion dollars to the bottom line in 2015. that's a huge number. we talked to america in the last few days. everyone has the same kind of situation. you get that kind of tailwind together with the share prices that will come down. i think it's a really interesting opportunity right now. agrees. >> your two picks. >> i'd go with american and delta. you know, they're plane vanilla kind of names. they're spread. they got domestic and international sproar. they've both been runninggtoward making more money as opposed to being bigger. >> thank you so much. i'll fed exit to you so you can frame it air ebola. how can you not very creative. bob, imperial capital airrlane analyst. we don't mean to make light of a very serious situation, but, again, the stories are turning epic at this point and we have 15 minutes until the closing bell rings. the market's wild streak is not letting up. what should you expect in the days and months or should we say minutes% ahead. the best way to protect your money, do not go anywhere. and google earnings coming up "after thelly bell" ' " >> breaking news, we are just hearing now that dallas is going to have a meeting as whether they should declare a state of emergency. whether they will ask governor rick perry for that. coming up in ten minutes five p.m. eastern is mike rollins, the mayor of dallas. he will come on the program to talk about it. forgive me for a moment. some typp of local state of emergency because of the ebola situation and because that first patient to have arrived from africa had landed right there in dallas. stay tuned for that. we have about 11 minutes before the close. so we need to tell you that after all the big moves today, the dow, the nasdaq, the s&p are actually breaking even or turning positive. dow down just about 29 points. transports are looking very good. look at the russell up one and a half percent at the moment. let's go back to goldman sachs. people are wondering if goldman is king of the streets. third quarter results better than expected. while the financial institute is trading down two and a half percent maybe all this trading volatility is great for it. should investors stay there or elsewhere. jooning me now president and ken, global director of research. fred, to you first on the financials. @hey love this kind of movement. should we stay with these names? >> i think from a trading standpoint i think this volatility -@say tough one to swallow is a very good thing. looking ahead that's a good thing. the flat yeel curve is a tough environment for banks. the credit spreads widening out is tough @or many. you want to play a little bit of the trading game right now. >> can you define credit spreads? >> everybody is watching the ten-year collapsed downnbelow, but if yyu look at the credit, the high yield credit market and look at that spread again against the ten-year you see that gap out. there's a lot less liquidity in the market today because of all the regulations we've seen. >> mark has a totally differrnt view of the way he looks t things. you're a value investor. what are you doing with your client's money right now. >> i think that's very true. the value of business changes a lot more slowly than the share i think we're always looking for a disconnect between price and value. when we he get a volatility like we've seen in the last four, five weeks it it gives us more opportunity to put cash to work. a name that we like is northern oil and gas. the share price has come in a good bit here around ten or $11. we think it's worth in the high teens. it's really interesting business only 0 people running it. they have minority interest in wells in the back enshe will. they've hedged out their oil approximately 17 percent. >> twenty peeple working there. it's up 16 percent today. does tv an attractive dividend that people love here? >> no. (?) it's about a 600 million cap. people consume capital they don't generate at this point. but we think it's undervalued at the current oil price. >> it's breaking news, but it's happened about 65 times today. the dow has moved up or down and it just turned positive. we have people listening in the car. so we should tell them now the dow is up again about eight points. looking at the trading floor behind you,,how frantic does it feell does it feel calm because it tends to feel jittery when we're seeing the numbers move all over the place today. >> to a lot of traders it feels good because it's so depressed for so long. general, the feeling is pretty good. you see some of those pictures of it down. for so long these tradersshave been twiddling their thumbs we're seeing some activity. we're feeling pretty good about that. >> mark, looking at the five-year bull market it's not a surprise that we've had and it's pieces of a correction here. but this week alone has made some people maybe make mistakes in the moves they do. you like western union. today appleould launch apple pay. is that a negative for western union? >> it's a a wonderful brand, liz. it's been around since the 1860s. first data. it's got 500,000 agents around the world. it's the dominant money transfer they have great relationships with all their people. and it's almost bond like in the free cash flow it generates over a billion dollars per year and it pays a good bit of that out as a dividend. so 15 in change, we think they're worth materially higher than that. >> the dow went from positive to negative while you guys were talking. >> sorry. >> i don't know. mark travis intrepid funds president and we love you fred. fred canon. global director of research. tell the traders at kbw we said hi. closing bell we're five minutes away. we're following all the breaking news on the ebola outbreak. including the schools closing in texas and ohho we will be joined live by the dallas mayor mike rollins. they're about to decide whether they'll ask rick perry to declare some type of st

apple just launched it's next big thin apple pay. joe vazquez tests it out tonight. "we've got many of the largt retailers in the country supporting us." as announce applet week . starting today, you can use your iphe to pay. apple pay. here's how it works . instef using a credit card, you us iphone 6. you just download app, then press your phone against a device on the cou of the retailer. nats at ju hermann plaza today, visa a wells fargo demonstrated ape pay. as an extra layer of security you have to provide your thumbprint. when you s the nfc symbol . you know tt you can take your fancy schy iphone 6 . rest your thumb the thumbometer which is al the 'home button. and all u have to do is hover the pho near the pay station for a couple of seconds, it pullsp your card . reads your thumd you're done. another layer security: the credit card company gives you your own special code. sot but that number is not your card num it's a unique number tied to your phone. if that phone gs lost, or stolen if a hackers the information, it can't be used . apple is not the fir. google and paypal already he similar systems. "a little bit of the reluct we have is our cou

company may announce a new mack operating system and new mack computers and apple could announce launch date for applethat makes credit and debit card payments at stores. invites to today's events in california included a message it has been way too long. so we will see what that means, ukee and quarter. >> way too long. >> way to tease thrust, apple, geese. >> thanks. >> talk to you later. >>> fine art and philadelphia eagles, find out why some visitors to the art museum will do a double take when they see new display. also this. >>> great idea, go out for one spin and then it turned to an adventure. >> that new jersey man survived getting stranded on his jet ski, hear about his wild night on the water. >>> ♪ >>> rumors swirling around lady gaga we will tell but growing speculation that she's getting ready to walk down the the aisle. we will be right back. fousugar. only six?ns. six grams of sugar? that's really good. excellent, delicious... and yummy! honey bunches of oats. tasty! yummy! cape may county man is waking up at home after being rescued 24 hours ago. he was stranded in gray sound near sto

apple announced its new mobile payment system apple pay will launch on monday.eature lets iphone six and ipad -- i phone six plus users spend money at participating stores by using their phones fingerprint scanner and holding the device up to the register. the system is already preloaded into the the phone. apple says about 500 banks will support apple pay, and a bunch of retailers have have signed on including blooming dale's, macy's, mcdonald's, staples and whole foods. >>> still ahead on "action news" this morning, temple a's football win streak is on the line, and ron jaworski breaking down the defense, and how far, it could take the the womaand the way it made me chronic feel,ipation, the discomfort, the bloating, the straining. i'd just felt this way for too long. so i finally talked to my doctor about my symptoms. i'd tried laxatives before. he prescribed amitiza (lubiprostone) for my chronic constipation. it works differently than laxatives. man: amitiza is clinically shown to help relieve common symptoms like bloating, abdominal discomfort, hard stools,

apple just launched its next big thing, apple pay. joe vazquez tests it out tonight. w it works . instead >> reporter: we've got many of the largest retailers in the country supporting us. as announced by appleast week, starting today you can use your iphone to pay, apple pay. here's how. instead of using your credit card use an app on the iphone 6 and you push the iphone up against the device that will be on the counter of the retailer. at justin herman plaza today visa and wells fargo demonstrated apple pay. as an extra layer of security you have to provide your thumbprint. >> rest your thumb on the thumbprint meter which is also the home button. hover the phone near the pay station a couple seconds, pull up your card, use your thumb and you're done, you've paid. >> reporter: another layer of security, the credit card company gives you your own special code. >> but that number is a unique number tied to that phone so that if that phone is lost or stolen, if a hacker gets the information, it can't be used. it's not your card number. >> reporter: apple is not the first. google and paypal already have similar systems. >> a little reluctance we have is our counter space is limited and google w

apple also announced a new imac. almost as popular as the iphones and imacs is apple stock. future advisor is most widely spread stock. today at last check it was traded down about $1.20. when are new items available you can start getting it next week. channel 2 news. >>> car owners be ware. new numbers out show an increase in car thefts in san francisco, which areas saw the most thefts and what police are doing about the problem. >>> it's clear today but more wet weather is on the way. mark will tell us when we can expect the next round of rain and how much we are going to expect. >>> how giants fans are showing their giants pride today if the team looks to clench a trip to the world series. >>> rivers died of brain damage due to lack of oxygen. it is a near poutic complication which means it is a predictable complication of surgery. the new york state health department investigating the case. the 81-year-old died last month one week after going into cardiac arrest at a doctor's office to check out voice changes and reflux. >>> startling new numbers about an increase in car

announced facebook and apple to cover egg-freezing costs. >> with a thousand exclamation egg-freezing costs. >> with a thousand exclamation marks. just announced facebook and apple to cover egg freezing >> reporter: the majority of patients who come in, and there are more and more each day, can't afford egg freezing. >> what facebook did, what apple has done is going to be huge for women because it allows them the opportunity to do something that they may have never been able to do before. >> reporter: the clock ticks, but just not quite as loud. >> yes, exactly. >> reporter: she asked her parents for money. she's gone through two rounds of egg freezing. >> ultimately i just wanted an option. i want to focus on my career. i haven't met mr. right yet. and i wanted to know that when i was ready, i would be able to go back and i could have kids. >> reporter: she says a company that offers this kind of benefit could attract female employees. >> even more than salary these days, i always look at the benefits package. >> reporter: working women hoping to get pregnant at an older age may start asking their own employers to follow apple and facebook's lead. stephanie go

apple announcement. on october 16. mark the calendars. apple sent invitations to the media saying, quote, it's been way too long. most appleo see you in macs a the event which will be held at apple's california campus. there's also buzz about a bigger ipad with a much larger screen. >>> mark your calendar for this if you want to attend the national christmas tree lighting. lottery application period starts october 17 and runs through the 20th. the ceremony takes place december 4. tickets are free but they are limited and it's also free to enter the lottery. howard? >>> weather wise, we're doing pretty well today. we're starting out with sunshine, kind of chilly, 40s and 50s. low 70s this afternoon with skies becoming mostly cloudy by the end of the day. clouds and a couple of showers tomorrow, especially in the afternoon and evening. cooler, upper 60s and a few showers early saturday and again later sunday. lisa, how is it going or not out there? >> it isn't going very well. 270 southbound has been the focal point with sky 9 and an accident that happened at 118. moved to the shoulder but look at this pace out of clarksburg

announce new i max, as well. >> that's the apple logo? >> no. >> what, the leave at the top? >> oh, it isment top of the applewith the leaf, yes, okay. >> we're very just literal. >> old school. >> 5:26 right now. muslim woman told that she's not allowed to swim at her local pool because of what she was wearing. why it caused such a stir, and what she has cents to say about the rules, the pool staff are imposing. >> and before up head out on the date, ask the person you're going to go out, with hey, where did you go to college? why one site says where you go to school determines how good a date you will be. plus, what local colleges made the list of most dateable. >> racist slur at a high school. >> and then, a woman told that she's not allowed to use her local pool. why? because of her muslim attire. but it is not quite that simple. the fight brewing over water rights. >> and are you dating a princeton university grad? you may want to dump them. turns out where you went to college could have big effect on how enjoyable a date you are, the local schools on this list, of least and most dateable alum. >> few on

. >>> and apple is expected to announce a new version of its ipad, apple, as usual, will not confirm that. today's announcement is scheduled to take place at 1:00 this afternoon. >>> preparing for the v.p. vice president joe biden will visit philadelphia to highlight the importance of the roads, bridges and other infrastructure. nbc10's monique braxton is live at penn's landing where the vice president will speak. what do we know? >> reporter: we know his message will be it's important to invest in the country's infrastructure. he's going to be joined by senator casey, and they're going to be touring a dredging barge. we went to one agency that's maintained a visible roadside presence in the five-county area. they're going to talk about infrastructures projects. when motorists hit the roads, whether highways or improvements you see penndot improvements under way. officials tell us, changes to the infrastructure never stop. >> at this point in time, we have over $1 billion worth of active construction work taking place in the five-county philadelphia region. we have 113 projects prepa

apple. today they are expected to announce another upgrade to one of its products. experts believe it will be a new ipad. it will be faster and could include a fingerprint i.d. sensor. apple are keeping mum. they are not saying anything. today's announcement is scheduled to take place at 1:00 this afternoon. apple may have let the news slip a little early. look at these photos that were spotted yesterday in apple's user guide for its new operating system. they show an ipad air 2 and an ipad mini3. apple then quickly removed the images and is staying mum about today's announcement. >>> facebook wants users to turn to them after a natural disaster. the site is launching a new tool called safety check. it allows you to notify friends and family and let them know you are safe. the tool will be available to all of facebook's 1.3 billion users. >>> a new victim of identity theft every three seconds in this country. people think they are at risk because of the data breaches. the thieves steal identities and money through personal paperwork. >> you have to be dilly gent with paperwork and your statements and the credit card offers that you get as you have been in the past. people will get that information and will steal your identity. >> that risk is exactly why for ten years nbc 10 has been offering f

." >>> big announcement, the ceo of apple, man by t >>> the ceo of apple announced he was gay. ke a look at this. apple ceo tim cook has officially announced he is gay. rival samsung immediately responded by saying their ceo is 50% more gay. more news after this. ♪ rain on the scare crow blood on the plow ♪ ah! come on! let's hide in the attic. no. in the basement. why can't we just get in the running car? are you crazy? let's hide behind the chainsaws. smart. yeah. ok. if you're in a horror movie, you make poor decisions. it's what you do. this was a good idea. shhhh. be quiet. i'm being quiet. you're breathing on me! if you want to save fifteen percent or more on car insurance, you switch to geico. it's what you do. head for the cemetery! i like to mix things up a bit with grands mini pot pies only four ingredients. and a few easy steps. week night dinner in a flash. and my family devours them. pillsbury grands biscuits. make dinner pop. we bacame a family of five. without the time and money to wash all this stuff separately. so we wash it all in cold water with tide. even sar

apple event on thursday and looking for any announcements about apple pa a string ofs services for businesses, but there is a glaring hole according to the creator of google voice. ♪ >> i am emily chang and this is bloomberg west, live on bbg television and streaming on your phone, tablet, and at bloomberg.com, now on applev and amazon fire tv. google offers business services like file storage, video conferencing, e-mail, but it does not have a business phone service. enter the creator of google voice. they offer cloud-based services for users of google apps. you can have multiple devices tied to one number. basically, my work and find me where i am, no matter what? today, it is work not a place you go to from 9:00 a.m. to five ago p.m. anymore. it is something you are doing 24 hours a day on any device you what to be using anywhere in the world. a phone sitting on a desk waiting for you to answer it does not seem to make sense of 2014. this is being billed as part of google's offerings. appse google enterprise customer enterprise base has been a big leader in moving services to the cloud. moved to the cloud with gmail, and became much more productive. great withone e-mail, calendar, and all these other offerings but there was no phone to answer that. he wants of the better degree strictly with your cont

apple pay's potential rival is backing off a bit. you recall a coalition of stores like cvs and best buy and others were working on a payment system before apple pay existed and announced they wouldn't be using apple pay. well, this morning that's gotten more fuzzy. the parent company of the system got hacked, the hack is not terribly relevant, so there's no data to steal, but it was certainly a bit of a black eye. add to that consumers really like apple pay and these stores are in a bit of a jam. to be fair, they were working on something long before they knew apple was going to create apple pay. they are trying to stick with it, but a lot of pressure not to. >> understood. thank you very much. >>> founders of what's app own nearly $9 billion in facebook stock, this after they sold earlier this month. one of what's app's founders is now facebook's fourth largest stockholder behind company ceo mark zuckerberg. more than 45 other what's app employees also received facebook stock. >>> two brothers suspected in a bathroom attack during a 49ers game made their first court appearance this morning. jose ramos and dario. neither entering a plea. investigators say they beat up two men inside a levi's stad

apple to take a walk. the startup has no plans to partner with apple. but jaw bone does. next. >> welcome back to the best of bloomberg west. apple recently jumped into the world of wearable devices announcingatch will be released in early 2015. fit fit has said it's not going to work with apple jawbone has introduced a version of its up ap that will work with apple's health kit. we sat down with jaw bone founder and ceo at the new summit. we started by asking him why jaw bone is on board with apple. >> we launched many categories with them. we like what they're doing with health kit. we've taken an open approach to the whole thing where we have an ap that works on the i phone. >> you can now use it without having to wear one of these. >> we think it's a way for people to start out if they don't know they want a device and graduate to the device. you can't track sleep that well with your phone in bed. people don't want it necessarily under their pillow. we think it's all sort of additive. it's a way for people to get in the system, find the solution that's right for them wherever they are on that journey of health, and then keep graduating through it. >> what do you think of the apple watch

apple's watch which doesn't go on sale until next year, but apple also announced that its new mobile pay service will debut on monday. anne-marie? >> wendy gillette at the new york stock exchange. thanks a lot, wendy. >>> well, the smartphone security feature is no laughing matter for law enforcement officials. the fbi warns the new encryption that protects privacy could get in the way of justice. enbrel helps relieve pain and stop joint damage. i've been on the course and on the road. enbrel may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, nervous system and blood disorders, and allergic reactions have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. you should not start enbrel if you have an infection like the flu. tell your doctor if you're prone to infections, have cuts or sores, have had hepatitis b, have been treated for heart failure, or if you have symptoms such as persistent fever, bruising, bleeding, or paleness. enbrel helped relieve my joint pain. but the best part of every journey... dad!!! ...is coming home. ask if enbrel, the number one biologic medicine prescribed by rheumatologists, can help you stop joint damage. up to 27% more brush movements. patented sonic technology with get healthier gums in two weeks. innovation and you philips sonicare save when you give philips sonicare this holiday season. forecast in some cities around the country. >>> the fbi says that new encryption technology from applegoogle locks law enforcement out of smartphones. the new smartware is popular for consumers but bob orr argues that it's a big problem for crime. >> it has bigger screens, sharper cameras, and faster processors, but its apple's new privacy protections that worry law enforcement. the latest operating system from the tech giant and competing software from google allow people to permanently lock their smartphones. only the user knows the security code. apple and google say they can't break that court. neither can police even with a court order. james comey warned this could allow criminals and terrorists to permanently hide their files. >> it's the equivalent of a closet that can't be opened, a safe deposit box that can't be open, a safe that can never be cracked. >> reporter: the new privacy features come in response to the backlash of the revealing. in marketing its new system apple openly boasts about unbreakable encryption saying we wouldn't be able to comply with a wiretap order even

apple store knew very little about apple pay or how it worked. >> i don't know >> i don't know how to get started with it or if it's even available. >> reporter: apple announcedyour credit card information on inches phone pass book atmosphere, go tony store that excepts apple pay, seen it to the reader and you are good to go. >> you are going to recognize you have lost your phone probably more quickly than if you lost a credit card. number two, you can wrap the card card in security. >> as for privacy >> i know a lot of people are concerned about privacy, but every time you use your credit card, somebody somebody knows you used it. >> is it or secure enough, i wouldn't mind doing it. >> more others, it would take time for them to trust apple pay. >> it seems like every week, there is another hacking. >> maybe, i'm sure in a year or two, it might be something everybody have will bizing, but right now, i'll sited oned side lines and wait and see. >> >> visa, american express all on board. >>> you will need certain devices to use the new apple pay service. only the i phone 6 or i phone 6 plus will work. for other purchaseses, you can use apple's eye pad. and the

apple pay has been hacked, mcx said the breach exposed email addresses. it's just into the testing phase right now. it is expected to launch early next year. yesterday, apple's rival backed my major retailers announced it was hacked. does apple need to be concerned about competition? >> apple pay and current c. will be able to exist with quiche other going along. android is still the dominant market share player in the united states for mobile phone usage for smart phone usage and around the globe. al. he pay and current c. will be available together. you can get apple pay on your and droid, as well. >> facebook yesterday shares fell after the company reported expenses could rise by 75% next year. amazon reporting its largest quarterly loss in 14 years. are tech companies building empires at the expense of their shareholders when we see these huge write offs? >> they are building emspires and they need to because we are in a global community and the people who provide the digital content and product will be better in this case. facebook and amazon are going down two paths. amazon has been around 20 years and not turned a sizeable profit in any quarter. it depends upon whether shareholders are growing restless with the strate

apple just released iphone, now the company is about to announce something else. these invites went out for apple's next event on october 16th. the invitation simply reads: it has been way too long. the company is expected to unveil its newest ipad with touch id, apple'sexpected to announce new i mack's. >>> at&t will pay big bucks to settle cramming complaints to telecommunications cents cents giant pay customers $105 million. according to the fcc to settle allegations cents cents it bills customers millions of dollars for third party subscriptions, tech message services un all the rised, the largest settlement in the fcc's history, at&t also agreed reform company pledges it will obtain quote express informed consent from customers before allowing third party charges on their phone bills. and it will make sure those charges are clearly identified. >> all right, at 6:46. amazon coming under fire for not pairing their warehouse employees to wait at their security checkpoints. process is designed to prevent workers in stealing merchandise, but it can take up to 25 minutes. well. >> now group of former staffers from nevada taking the issue to the supreme court. they arc they need to be paid for the time that they've spent waiting at security screenings.

apple pay as well. that iphone update, important, of course, because that's the major both sales and profit driver for apple thus far. the stock ticked up slightly. i saw when he made that announcement, we'll see where it goes from here. he's beginning to talk about apple pay, and we're looking for some kind of a launch date on that event coming up. he's just said apparently that 500 new banks are supporting apple pay, which gives an indication that they're looking for a broad-based launch, tyler. >> i'll take it back, jon. thank you. we'll be coming back to you as news warrants. we should note apple is very close to the unchanged level now as mr. cook talks more about the new product launch. >>> over to europe where there was a bit of a recovery at the close, but the ftse, the cac and the dax entering correction territory. seema mody joins us from london and michelle caruso-cabrera is looking at the soari inin ining yields. seema? >> that's right. europe continues to be a major focal point for investors. part of that due to the weak data that continues to pour out of the eurozone. today's data on inflation coming in at 0.4%, the lowest level since september of 2009. so that's a five-year low. on top of that, five members of the eurozone, greece, spain

apple but all but unveiled their new apple tv. we will tell you what they are missing coming up next. [ male announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they could save you in out-of-pocket medical costs. call today to request a free decision guide. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtually no referrals needed. join the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. with all the good years ahead, look for the experience and commitment to go the distance with you. call now to request your free decision guide. ♪ (receptionist) gunderman group is growing. getting in a groove. growth is gratifying. goal is to grow. gotta get greater growth. i just talked to ups. they got expert advise, special discounts, new technologies. like smart pick ups. they'll only show up when you print a label and it's automatic. we save time and money. time? money? time and money. awesome. awesome! awesome! awesome! awesome! (all) awesome! i love logistics. connell: biz blitz time. in tonight's, did appleust release its apple tv. sort of. because its high resolution imac was announced. the fox biz all stars are on with that. not a lot of people are talking about this. if you have a computer that has a great screen on it, the hbo announcements, it's another tv. let's watch it on the computer. >> i still think bigger is way better. i have to tell you. that big old curve universal hd thing on the wall. huge awesome -- if you're going to watch movies, surround sound. >> if you have kids, you take that and put them off on the computer. >> or there's that. >> the issues i have with apple's new product, why in the world would you launch a brand-new product like this right off the heels of iphone six. no wonder it got lost. >> maybe that was on purpose. >> they're not even -- most of the services aren't streaming at that high level. >> this is seven times sharper than regular footage, but the footage has to be in 5k. nobody tapes in that. what are you going to do? maybe your icons will look re

. >>> apple is also expected to unveil more details on apple pay. the company announced the service this past september and said it will begin sometime this month. it allows customers to spend money by using their iphones instead of cash. >>> "salesforce's" "dreamforce" convention wraps up today in san francisco. today's speakers include the former vice president al gore, musician and woodside resident the great neil young and columnist ariana huffington. hip pop performer will-"i"-am was at the convention last night and spoke with kpix 5's betty yu about a new product he is promoting. . >> reporter: it's sexy, cool and the newest player in the wearables game. it's called [ indiscernible ] and in will-"i"-am's words. >> i would use it like that. this is sick. you put it on your wrist like that. wow. this is goat. i could work out with this. i could go to club with this. oh, this is ill. >> reporter: don't call it a watch. it's a cuff that allows you to make calls, send emails, texas, stream music and track your health without being connected to a smartphone. ♪[ music ] >

apple. how does this announcement fit into the new group leading apple? is going tohink it be very big news with an applepeople know that he is gay. treated him -- he has never tre detec anyone treating him differently. there are people who will be happy for him, and by 9:05 fold it back to the work they have to do. another quotation from this essay by tim cook in "bloomberg businessweek." "i continue to spend virtually all of my waking time focused on .eing the best ceo i can be part of social progress is understanding the prison is not ,nly defined by one's sexuality race, or gender. i'm an engineer, and uncle, a nature lover, a fitness nut, son of the south, a sports fanatic, and many other things. i hope people will respect my desire to focus on the things i'm best suited for and the work that brings me joy." ramificationshe of this as a particularly within the political dialogue as we go into the elections? >> my guess is that there will be a lot of congratulatory phone calls heading to cupertino today. a lot of people recognize this is leadership. >> i think john brown of virtually, what he went th

apple will have a new product lineup inside the holiday shopping season. the company unveiled new devices in a second wave of product announcements the season. apple shares dropped more than 1% in new york. look atdate, the stock that performance, up 20%. let's keep it on the new products out of applecloser look at whether the new releases have what it takes to turn around apple's dwindling ipad sales. are falling, the question is will the new ipad air have enough innovation to bring the consumer back? >> here you have it the brand-new ipad air two, the first thing you notice it is noticeably thinner. air,hinner than the ipad you also notice the display, a lot higher quality, the retina display was made special and it has an image quality is really impressive. it allows it to do more things. to have a display that works like this you need a better chip. a much faster more powerful chip in the monitor here, inside the machine. run faster you have to connect faster. they have a faster version of wi-fi as well as a faster lte chip for the cellular version. finally the big improvement that people have been asking for is this touch id, the ability to log into the might -- machine using your thumb. that makes it big difference for people used to logging in with their phone. it will enabl

sales of ipads are falling and apple hopes the latest version will revive demand. also announced today apple pay makes debut monday allowing you to use your phone to mack purchases at some stores. >> but putle wallet away and look at. it. >> another preseason look at the sixers. >> jeff skversky is in for ducis rogers live in the "action news" sports center. >> in preseason action tonight coach brett brown is not on the sideline but away from the team with first round pick joel impede bead who lost his brother he died in africa the reason unknown that time. >> evan turner and boston celtics it's not going well. down 15 in the first. elliot williams cuts into the depth with the slam. sixers within 1 3. that's as close as it gets. they do not look sharp. they turn it over there. careless turnovers tonight. boston beats sixers by 0. they lost four of five preseason games. maybe this guy allen iverson can help out he's in the house at wells fargo. winless flyers can't afford anything else to go wrong at this point. a bunch of players started to wear plastic guards around skates at practice to pr

apple has yet another unveiling today. scott mcgrew is joining us. >> it's been far too long but of course it hasn't so they get it. it's been just 37 days since the last apple announcement and the iphone 6. today we hear about new ipads. yesterday, apple published a new guide to its operating system and included shots of the new ipads inadvertently. so we can confidently say, there will be new ipads. here's live pictures of the apple campus and a lone security guard. he's hiding behind one of those posts now. the company is going to ask the reporters to come to the campus theater there this morning at 10:00. at the same time, the director of the fbi will be criticizing apple and google. director james comey says that he is critical about the decision to encrypt data. apple wants to keep the data safe and the fbi says it needs to see those secrets, with a warrant, of course, in order to keep you safe. there is a push by some in congress for a federally mandated back door into your phone. a way for the government to bypass it if the secret courts say they should. > well, what a day wednesday for the market. kate rogers is joining us live from cnbc. good morning, kate. >> no pressure, right? a wild day on wednesday with the dow falling a

apple products every two months. apple today -- [ applause ] i know this is going to be hard to believe, but apple announced today theyre having another major product launch next month. or this month, actually. get back in line, everybody. [ laughter ] today, they sent this invitation to members of the press, saying, it's been way too long. which, it hasn't. on october 16th, apple is expected to unveil a new ipad. the last one -- the last new ipad they unveiled was less than a year ago. unless you can sit on this one and fly, i'm going to stick with the old i food. does someone at apple have a short-term memory problem? it's almost like they're trying to sell these to us for christmas. [ laughter ] how many of you are here tonight on a tinder date? all of you? yes? [ laughter ] for real? oh, wow. how about that? they are. you're on a tinder date. how is it going so far? really? this is it? this is a tinder date. and you like each other? will there be -- oh. wipe him to the side, i guess. i have to say, i'm so interested in this tinder thing. my wife is really weird about it, though. she won't let me get on it, but --