and mclaren brings something to the table if you're apple. and the other element of this that might be intriguing if you're apple -- and again, we haven't heard a comment from them on this report -- if you were going to buy an automaker, you would not buy a full-scale automaker that cranks out a couple million vehicles a year. you would buy a niche automaker, and that's what mclaren is. they only built about 1,600 vehicles last year. so, if you wanted a little bit of capacity where you could work on vehicles that you're developing for the future, mclaren would give you that if you're apple. so, there's the value there if apple were to go forward with this. and again, we have not heard from mclaren, and apple has declined to comment. >> so, phil, you think it's more about the software than, say, the metallic engineering, the aluminum, the production logistics, that kind of thing? >> there is value in the production. if you're apple and you want to build a car, you would like a production facility, and that's what you get with mclaren, and the f

apple? jose: it is crucial. ifke into consideration that two thirds of its revenue comes from the iphone, that is why analysts are still cautious and warned that the iphone could just be a one trick pony for apple it is true they have sown over one billion iphones, which makes it one of the best-selling phones in history. daniel: let's see if apple can squeeze more juice out of its flagship project. thank you for that analysis. apple is not just in the news for its new product. the european commission is trying to take a bite out of apple's profits. this sparking a heated debate in dublin. >> the irish people are divided and so is the government. the prime minister recalled parliament early for a debate on apple's tax record. the finance minister showed a clear defense. >> parliament has done nothing wrong. we have a proven tax record and a matchless commitment to -- reporter: but some opposition says it is wrong to fight the eu's ruling and that the country should simply accept the money. >> it is a cynical lie to

if apple can clear only both of those. look, it's not just the weekly chart.f all she notes fire off last week when apple's short-term for a 46 day -- 200-day 50, cost. this is a is it starting tong longer. now broden wants to point out -- it was an intermediate low on august 30th, and she thinks the stock could bound to 111 or 114 before it counters real resistance. if apple can clear the resistance at 113, then brod. en thinks it could bound up. representing a move of more than ten bucks. i don't -- iphone dud, stock goes down, that's all i here. here's the bottom line -- despite the hand wringing, about it doesn't seem to have any revolutionary feature that makes it a -- apple's chart, at least as interpreted, suggests the recent rebound was no fluke at all and might have more up side going forward. remember, not too long ago, the chart looked hideous. this is why i'm always saying you should never trade apple. just own the darn thing. "mad money" is after the break. th dyn prmrmce, top you ldve.. d boldstayhethe cue. l ithrxeviss hri top pursui perctn. >>

what happens if apple takes a direct aim at the lower end?st: we are concentrating on the premium device at an affordable price point. that's where we are in the market at the moment. that way, giving the consumers to look at the alternatives in the market, especially at the price point we are offering. it is quite affordable. have a look at the comparison between the two. emily: was sort of innovation do you see coming in smartphones? there's been a lot of talk about innovation stagnating. will that be the case and if so, where does innovation come from? guest: i think it will come from both. a bit of everything. we always investing back into r&d and looking at ways to promote consumers. we're looking at the camera and looking at fast charging. we currently have the world's fastest charging technology and can charge phone from zero to 75% in 30 minutes. it's about making technology easily accessible to consumers. emily: you do sell phones outside of china. what are your global ambitions and what are your ambitions in the u.s. in particular?

and if apple follows previous years... the phone will be made available in ?stores starting on friday. taste the many sides of brookside. smooth dark chocolate outside. exotic fruit flavor inside. brookside. z23xyz zy6z time to talk some sports this morning. and the dust has settled from the first week of college football. following florida state's hugh win monday night... the first in-season rankings were released on tuesday. and both the a-p and coaches polls are pretty much in agreement... over the top four teams. they both ranked alabama number one... clemson number two... florida state number three... and ohio state in fourth. the ?hottest team could be right outside the top five... about nine spots in the ap poll to ?sixth place, after upsetting number three oklahoma. and experts are already predicting the college football playoff. they think bama, florida state, ohio state and ?houston will make it in... and alabama and ohio state will play for the championship... right here in tampa. to baseball now... where the rays just had a big shakeup to the staff

it's not as definite a recall as if apple were to have a recall. and it's also not the cells but the wiring of the cells. and the idea the consumer protection bureau is saying if it's really you can only charge your battery up to a certain point, 60%? is that -- what 59%? >> i don't know how you do that. >> i like toyota it to go to 10 >> the chairman on says he expects pressure to get it out ahead quick. >> to get out ahead of apple. >> yeah to get in the supply chain. >> makes sense. i think these stories if apple had less demand then it would sell less. guys, deal with the reality. apple had a good launch. it was better than what people thought it's okay. that's all right. right? >> depends on what your thesis was going in i guess. >> yes, thank you. >> when we come back, oracle, fighting words for amazon. stay tuned for interview with mark hurd. look at the premarket oil lows close for the morning. viacom and more on wells when we come back. [chains dragging] [eerie music playing] [crickets chirping] [owl hoots] announcer: if you don't fix them,

. >> plus apple's new push to become a bitter part of your life if that's at all possible. bigger part of your home too. that's coming up a little bit i wore a badge for 38 years knowing how much you trusted us to keep you safe. yet when a officer was killed in action florida was not doing enough to give their families the help they desperately needed. dana young understood. that was wrong, so we changed that law. to ensure these families get the benefits they are entitled to and the honor they deserve. dana young has our back and she has yours. ((walter after an hour delay because of lightning, that's music we know and love after an hour lightning bucs came up short in home opener. winston pushed ball down the field. but then as time ran out, so did chances to score. what would have been game winning touchdown. after game head coach cutter says it's more than just executing on the field. >>> our culture is not where it needs to be. and i mean that's starts with me. i'm the head of that i mean i'm putting that squarely on my shoulders. there is something about our culture i

apple. one is this trade off. if you want to be really good at artificial intelligence provide information to people that they don't know how you're going to provide it. you have to share hat e-mail across different services. once you start doing that you give up privacy. apple in the last year has made a huge stand for privacy and encryption. google cares about it much less. they give about getting you all the information you need and all of their products as seamlessly as possible. >> rose: they want to know as much about you as they can. >> apple could know everything about you and share across their products has this core problem of betting on privacy and enscription. >> rose: go ahead geoffrey and i'll come back. >> beyond the are art fish intelligence challenges apple faces with its privacy stance it's starting to lag its chief conspirator samsung in serious way. i've used iphone for years but something funny happened in the last year. if i take a trip or going some place interesting i take two phones with me.

. >> if apple had its way, you can kiss your head phone wires goodbye, gone the way of the telephone because the new iphone 7 has no head phone jack. >> we believe future. >> meet air pods, they look like a tiny space fisherman hooked to your lobes. no more dancing with wires like in the old ipod ads. want to say goodbye to these things? >> no. iphone fans of all ages -- >> i'm going to miss the head phone jack. >> fits not broken leave it. the neck because have you to charge them. >> hours of listening on a single charge. the unveiling got a charge out of james corden singing car pool karaoke while pretending to transport tim cook to the event. longer battery life to better cameras to water resistance allows the new iphone to survive a dunk in the toilet teres mocked apple for air pods and created parody products like the apple pencil, writes on things, instant recharge it. apple introduced two new iphone colors. >> there is a second new black we call it simply black. >> wires and head phone jacks only 90's kids will remember. >> one more thing to worry performance by the shy to sho

and the stock markets are responding so, if apple is up, the dow is up. and apple is on fire the last few days. >> they have been. it's that iphone 7. >>> well, rod carter is here with a look at what we are doing at 5:30. >> a lot of stuff going on. a rare virus outbreak at florida state university. we will tell you how it is impacting the students and how hurricane hermine may be to blame for that. >> also tonight, he wants all commercial flights to cuba stopped immediately. the reason that marco rubio believes these flights are >> right now on newschannel8 at 5:30. >> i'm jennifer leigh. >> i'm rod carter. a rare outbreak of the hand, foot, and mouth virus affected two dozen students at florida state university. it is usually found in day care centers but is on hurricane hermine. reporter mike vasilinda joins us live from tallahassee with a look at this problem. mike? >> reporter: yeah. rod, this is really catching people here at florida state university by surprise. because, it doesn't usually infect adults, let alone young adults. administrators told u

if apple wants to deliver growth and make wall street happy, it needs to crack emerging markets like china and india. reporter: the apple marketing chief said this about removing the headphone socket. >> it comes down to one word, courage. reporter: they have not been bold enough to get the sales of the iphone surgeon ahead -- surging ahead. katty: i got used to using my old phone. i'm not sure i can face getting a new one unless they can invent one that would ever smash, never get lost, and never get stolen. for more on the news, it is on our website. i am katty kay. thank you for watching. i will see you back here tomorrow. >> make sense of international news at bbc.com/news. >> funding of this presentation is made possible by the freeman foundation. newman's own foundation, giving all profits from newman's own to charity and pursuing the common good. kovler foundation, pursuing solutions for america's neglected needs. and aruba tourism authority. >> planning a vacation escape that is relaxing, inviting, and exciting is a lot easier than you think. you can find it here in aruba. fam

apple. and therefore, you have to take a chunk out of it, if the market comes back -- if apple comes back in, i think on the edges, the whole market does -- >> i don't know. i mean, listen, apple has had a history the last couple years of trading against the market. we have done plenty of shows, apple is the only safe haven out there. with a stock that's going to pay that dividend with that cash, i mean, on a very short-term day-to-day basis, did it hit the market today, maybe one day last week, did it have some kind of impact? possibly. but over weeks or months, i don't think apple has that big of an effect on this market right now. >> in an environment where valuations are being questioned where it is widely believed that volatility will increase in the elections and maybe to year-end until we get the fed to raise rates, is apple the place you want to be? >> wow. as opposed to every other stock in the -- is apple -- >> not saying apple or nothing. but, i mean, is apple a place that is relatively safe? >> i think -- well, okay. i'll play the game. i think your down side is probably 6 or $7

.>> if apple eliminates the port, they say will make the phone run faster and it will be waterproof. apple would probably produce an adapter for those that want to continue to use their earbuds.>> that is a big deal for you. >> i use it, and people that have the remote payment options. people are not happy about the idea. >>> the time is 4:41 am. >>> separating african-american students from the rest of the population, new dorm experiment at a southern california school, and how the people are reacting. >>> testing positive for the zika virus, up next, the reason people are upset.>>> good morning, looking at a commute where the traffic is moving along pretty well on 92, at the san mateo bridge heading to the peninsula.>>> we have clear skies and warming up quickly and we will show you how warm on your wednesday temperatures. honey, is the internet back yet? yes!! i need to let her know that i like this! i like, like, like, like... i haven't seen a movie based on a comic book in so long. i know. we're over here internet people! get high speed internet from at&t. with over 99% reliabili

they might just as well go with an iphone 6s as a 7 if they don't see what they want in this model. apple's laid out lots of options that are cheaper. the 6s, the se, do they refresh the se? so margins are at stake. there's also the question i think of wireless, bluetooth. if you're not going to have the headphone socket as you have in the past, the question is well how are people going to interact with sound, with music on this device? >> so how will they? >> if it's bluetooth, you want to see apple improve bluetooth, they're in a unique position to do that because they own beats, which is a big headphone company -- >> a way to get me to buy beats? i feel manipulated, jon. >> they haven't updated the beats headphone line in two years. it's due. >> two years is like dog years. it's like 14 years in real people lives. there could be a physical attachment through the lightning charger. >> the charger port. >> some are saying there will be and possibly take your 3.5 inch millimeter cable for your headphone jack and buy an adapter, little tiny little adapter you can lose a thousand of and then

apple is owned by millions, if not then as part of a mutual fund or etf. y does a stock everybody seems to know defy easy categorization by investment pros and individu investors alike. >> apple is the world's most valuable company but the stock might be the ultimate misfit. apple's market value exceeds $600 billion and makes up more than 3% of the s&p index the stock doesn't behave much like a market bellwether. the stock has been virtually flat the past four years. the s&p 500 is up 50%. apple shares gained a quick 9%. another example is the cheap value stock attached to a business that still plays by growth company rules. many investors take comfort in the modest valuation. very few campaigns of apple's size have ever been so dependent on products rolled out over a punishing two or three-year cycle. investors seem unwilling to put a higher value on each dollar of earnings without the confidence that the profitability can be maintained. finally apple shares manage to be bost loved and neglected by wall street. among the 40 plus analysts who cover the stoc

it is necessary for apple to have the phone that can do the best if only so they can say their products are the best and command the operating margins that give them a vast majority of the industry's profits. is all about the apple image in a burnish that by having the top of line product for the industry. emily: let's talk about the air pods committees new the wireless headphones. are we seeing an important new product category? mark: i think apple is looking for new ways to generate profits and i think these will help them with that for their products business are two booming categories of these footprint. sales flow so showing that they can produce new products beyond their current lineup is significant from an investor perspective stop letting it's interesting to see apple actually increased the price of both the new apple watch series two and the iphone seven plus by $20 each over their predecessors, so that was interesting. apple did announce other headphone makers are working on making wireless headphones of their own. thatare going to have pods plug into the lightning port sold

so if you look two, three years out, i think apple controls the digital lifestyle regardless of the oou buy it as a value stock? >> it is not a growth stock with revenues and growth going down and 12 pe. it is a value stock but the issue we have isn't whether the products are great. they have evolved them as far as they can. the issue we have is, you have to sell more products and more profits every year for the stock to go up. and they're not able to do that anymore. when's the next product to really grow apple's pie? >> is it a question then of scarcity of innovation or of market satch wags? in other words, there's just so many people who can pay $695 or $649 for a phone? >> yes, both. not only have they got given us any compelling reason to buy a new phone, but they have another completely -- the market for a high-end phone is full now. not addressed the fast-growing emerging markets in any way. they need $150 or $200 phone and if it's about the ecosystem, build the ecosystem. but you can't have a phone for rich people around the world. >> tim, i wod argue that tim cook has spent a

and if apple had a few billion dollars more in sales, that's going to come out of some of your apparel>> but you're not long apple. >> no, i actually have a put position in the xrt. >> what is this game? >> it's not a game. >> he's not saying apple sales are going to be great. he's just saying if they are -- if there is -- >> if they're decent. >> it's a zero sum game. >> expectations got much higher for the holiday season. >> zero sum game. >> and karen is saying it's not. >> i don't believe -- >> that's what makes a market. >> are you going to tell junior he can't have his presents come the holidays because he bought an iphone? >> who is junior. >> poor kids. all right. today is a very important day here. of we are saying farewell to a long-time member of the "fast money" team. she's part of the "fast money" family. courtney gartman. >> yay! >> leaving cnbc. to go on to green pastures, wcnc in charlotte. we will miss courtneydarily. >> very much. >> you're looking at the brains of the operation. >> oh-oh. >> she's the one that keeps things going. >> we're in trouble on monday. >>> le

been very secretive about, very apple but sounds like incredible and it's ability to sort of make you feel that virtual things are in the room with you. i totally agree if i were apple i would have my own team developing that or buy magic leap in a hurry. >> google has a lot of money in magic leap and on the board of magic leap. >> rose: hoorls the most impressive, facebook or google in terms of looking at company development and scooping up the best. >> i think it's facebook. >> rose: instagram being a good example. >> what's happened is the only way you disrupt a giant like facebook as dominance in its field is to wait for the next paradigm to come along. for this paradigm in mobile, you can't beat facebook. but if something new comes along maybe then there's the opportunity to do it. so mark zuckerberg says do you know what this virtual reality might be the next paradigm i'm

is apple saving the markets? and if so, should you feel better about where we are right now in the markets? tim? >> apple is not saving the markets. >> 85, 127 points? come on. >> look at retail today. is apple pushing up jcpenney, nordstrom's? emerging markets are up 2% today. volatility is plunging, not because apple is the dream stock, and actually their camera is pretty good. apple is rallying because samsung is very weak because apple's expectations were de minimis. and so yes, apple should be doing what it's doing. but to say if apple was not doing this, which i think is the question you're asking, would the markets be rallying? i think yes, they would be. we overreacted to the comments, we assumed fed was not going to act to acting way too much. this is not a place where you can move too quick on interest rates. volatility has fallen. fed has stepped back. we're in the same vortex we've been in. and by the way, i think it's appropriate. >> well-said. i agree 100%. apple is moving based on the fact that expectatio

the utility company promised if apple built a solar farm, srp would build the infrastructure to connected to the grid. acres will offset energy costs at its facility in mesa. >> it is unique in the fact that we are now seeing industry stepping up to build their own renewable facilities. >> once final plans are implemented, the solar will produce the equivalent energy needed for about 12,000 homes is already thinking about christmas. >> 18 from dc travels all the way to wisconsin to pick the white house christmas tree. they chose a folsom for -- for trade -- folsom will be the obama's last time -- last year in the white house. >> if you eat too many cats, really orange, you have to say crazy things and ran for president. >> speaking of the first family, michelle obama joined stephen colbert on the late show. stephen colbert little fun at donald trump. the late show airs right after >>> no dancing anchors, no pointless chitchat, no wasting your time. breaking news, your best commute and weather that makes you happy you live here. just the news you need to live your day. wake up arizona, wee

the utility company promised if apple built a solar farm, srp would build the infrastructure to connected to the grid. the power produced by the 300 acres will offset apple's energy costs at its facility in mesa. >> it is unique in the fact that we are now seeing industry renewable facilities. >> once final plans are implemented, the solar panels will produce the equivalent energy needed for about 12,000 homes. struck the white house is already thinking about christmas. >> 18 from dc travels all the way to wisconsin to pick the white house christmas tree. they chose a folsom for -- for trade will be the obama's last time -- last year in the white house. >> if you eat too many cats, you turn orange and if you turn really orange, you have to say crazy things and ran for president. >> speaking of the first family, michelle obama joined stephen colbert on the late show. little fun at donald trump. the late show airs right after this newscast. >> always entertaining. if you've been diagnosed with lung cancer, with a team of specialists at cancer treatment centers of america in phoenix. one of

some cringe at saying so long to wired headphone featured if apple's early ipod ads. new phone also include an adopter for tradition -- an adapter for traditional headphones. pods that will cost $15. the internet had a field day. one user tweeting a pick of a headphone jack with a caption only '90s kids will remember. others saying i don't own air pods yet. i already lost one. not just about the iphone amle's new watch will be waterproof with a brighter display and 50% faster. and apple announced something gamer also love. the apple watch and pokemon go will be compatible. and to the apple ios. the first time super mario can be played on a system that wasn't made by nintendo. for consumer watch, mary maloney. >> julie: a lot of changes. >> daniel: good ones. super mario brothers and the fact we can jump in a pool with a phone. >> julie: or drop it by accident. apple is known for innovating. it is what they do. >> daniel: and wait until next year, something new will come out. getting a little help this fall. how the state will help out companies that lost money because

weres, if apple or google to do a branded car, would you be interested?singly, more than 50% of the americans, 1000 american consumers who own cars, 50% said they would be willing to consider it. would absolutely purchase an apple car, versus 11% for google. to me, that was shocking to see that big of a jump in consumer minds to go from smartphone two cars, but it is clearly a signal to the automotive market that they have to be on the lookout. this action is rhetorical, suppose it is rubbish? >> no one knows what they will buy until they see the product. the question is how open and willing are people to even consider something like that. tore has been a lot of talk say no one will considered, so the fact that people are willing to consider it is surprising, and that was the point of this research. me, that was a small keys of a much bigger survey, but an interesting one. rishaad: severe sales declines for apple in china. it turn thingss around there? what does it need to do to get in the world's biggest iphone market. >> there are people who were like t

. >> reporter: if apple has its way you can kiss your headphone wires goodbye. gone the way of the tethered telephone. because the new iphone7 has no headphone jack. >> we believe in a wireless future. >> reporter: meet air pods. wired said they look like a tiny space fisherman hooked your lobes. >> priced at just $159. >> reporter: no more old ipod ads. you want to say goodbye to these things? >> no i like them. >> reporter: iphone fans have all ages. >> i am going to miss the headphone jack. >> reporter: were resistant. >> it's not broken just leave it. >> i find the wireless a pain in the neck because you got to charge them. >> reporter: but the new air pods supply five hours of listening on a single charge. those watching the iphone7 unveiling got a charge out of james corden. pretending to transport apple ceo tim cook to the event. presenters extoled everything from longer battery life to better cameras to water resistance that allows the new iphone to survive a dunk in the toilet. while jokesters mocked apple for its air pods and created parody products li

if apple has its way, you can kiss your headphone wires goodbye. gone the way... (nats) of the tethered telephone. because the new iphone 7 has no headphone jack. wireless future.' meet airpods. wired said they look "like a tiny space fisherman hooked your lobes." "priced at just $159" (nats) no more dancing with flopping wires like in the old ipod ads. "are ya ready?" "you want to say goodbye to these things?" "no no i like them." iphone fans of all ages.... "i am gonna miss the headphone jack.' we're resistant. "if it's not broken, just leave it." "i find the wireless a pain in neck cause you gotta charge them.' but the new air pods supply 5 hours of listening on a single charge. those watching the iphone 7 unveiling got a charge out of james corden... (nats) singing carpool karaoke while pretending to transport apple ceo tim cook to the event. presenters extolled everything from longer battery life to better cameras to water resistance dunk in the toilet...while jokesters mocked apple for its air pods, and created parody products like the apple pencil..."writes

>>reporter: if apple has its way, you can kiss your heade >>reporter: of the telephone because the new iphone 7 has no headphone jack. >> we believe in a wireless future. >>reporter: meet air pods, wired said they look like a tiny space fisherman hooked to your lobes. >> at a price of just $159. >>reporter: no more dancing with sloppy wires like in the old ipod ads. >> are you ready? >>reporter: do you want to say ages. >> i am going to miss the headphone jack. >> it's not broken. >> i find the wireless a pain in the neck because you gotta charge them. >>reporter: but the new air pods supply five hours of listening on a single charge. those watching the iphone 7 unveiling got a charge out of james corden singing carpool karaoke while pretending to transport apple ceo tim cook to the event. presenters extolled everything better cameras to water resistance. it allows the new iphone to survive a dunk in the toilet while jokesters mocked apple for its air pods and created parody products like the apple pencil. it writes on things, instant recharging. this is no parody. apple introduced two

if you look at the market from the whole, there is no one who is beating apple to any remarkable technologyif we are having this conversation next year, if apple was not there then maybe it is time to talk about concerns for apple design team but not today. emily: another big story developing this week on the apple front. in addition to unveiling the iphone seven, they are fighting the purity -- european tax probe. and -- a investigation was launched after the u.s. senate to them off about apples practices. take a listen. actually, we do not have the soundbite but that is what she said that and david i would love you to respond to this. it was based on the u.s. investigation into apple's tax practice that sparked the eu investigation. what is your take? >> it was a senate hearing that drew her attention and the european union's attention to the fact that apple was that had some unusual arrangement with ireland. that is probably true although in a way this whole dispute about apple's taxes strikes me more as an inter-european problem than the real problem for apple. apple has a big bill to p

neil: apple playing catch-up is not really what it is about. the smarter way of looking at it ifn extension of an upgrade cycle, it takes longer for people to upgrade, then what apple do now is put pressure on the suppliers to protect their own margins. you have an issue potentially of not only volume cuts, but margin cuts as well at apple. francine: samsung had a massive recall earlier in the week. is that a big setback? neil: it is a setback to a degree. galaxy as a more important product for them than the note itself. i think it will put some pressure. i've seen some messages of about due to the cost of the total recall. if we take a step back and think logically, the recovery in samsung and the strength they about where the leading technology is now. they are still very much the leader in memory. we have a big upgrade in memory. oled displays is a hyper growth market, partly because apple want to get there. because the technology is now good enough, better than lcd, that will be ending driver. francine: thank you so much for all the updates. neil campling. up next, draghi fac

. >> we're just two days if apple's big new product review.ryone expects to see a new iphone 7 and many predict it will be a head phone jack. >>> samsung is involved with one of the smart phone industry's biggest recalls. the majority were provided by samsung sdi, one of the biggest rechargeable manufacturers. >> why donald trump and hillary clinton took similar steps today. >> what ground they broke, next on abc7 news at 6:00. >>> a look at paddle boats that sank over the weekend. >> student loan money you do not have to >>> as you know, a boat is supposed to float, but this is upside down, in it. the spirit of sacramento began taking on water over the weekend. >> it's cap sized in an area of the delta phone as falls river. abc7 news has the story. >> reporter: once a tour boat, the 87 foot spirit of sacramento is now upside down in the delta. >> sunday morning, my neighbor, who is a -- went by the boat said the boat was lifting to one side. >> bruce johnson told us he saw the boat start to take on water sunday morning. >> i said this boat lo

not betionals would violent even if apple ends up having to pay all of this money. gland can potentially charge but it wants now. the government would argue that it is not that clear that if you cast any shadow over corporate tax at all, it could scare investors off. -- the commission cannot get involved once it leaves. , thethe u.k. leaves the eu counteracting force there, u.k. could set its corporate tax rate, no interference on the other hand, you do lose access to the single market potentially. we will see how it plays out over time. you have to fight this, i guess. our other companies getting jittery that they might also have bills now? dara: what we know is that the commission has said there are no other investigations into irish-based companies. there can be as many as five or six other cases pending. they are coming through tax arrangements. we will learn over the next few months or so. the commission has a big job to 13 billionthe huge euros -- we are unlikely to see anything in the that we don't know for sure. monthsin the next six that we don't know for su

if apple and uber start building a car, they might start at magna international. >> it's basically ats supplier. they've got a bunch of different units. they are a six-year-old canadian company but the interesting part of that business for this new generation of cars is that contract assembly business. they help ease production bottlenecks for other car companies. means they are interesting to anyone trying to get into the automotive industry have no experience in building cars. new interest in san francisco in building cars, what's the niche this company has found? the value proposition is not only the do they build the cars but they help you develop them if you want to create a new vehicle. they will have engineers sit there with you to develop process and source the components you need and work out how to do it cost-effectively and they specialize in high-end vehicles. that's why they work with the likes of bmw and mercedes and jaguar. given the kind of players we could see come to market like apple, these are premium brands and therefore that's why magna might have a good sales p

we also learned apple is on type lit motors and a bmw and audi are also in hot pursuit . ifll of this is a secret, apple never acknowledged the existence of car plans, the so-called project titan. we caught up with ed niedermayer in portland and mark gurman here in san francisco and another reporter on the phone from chicago. >> we know apple is in talks with mclaren for some sort of sure if you dig investment that would mean bringing cash into the business, taking a percentage of the company and this would allow apple to really choose one of two paths they are considering for a car, either building their own or partnering with another automaker. by partnering through an investment with mclaren it opens up the door for future apple mclaren tieups. emily: lynn motors is interesting. we looked at this company in 2014 and interviewed the ceo, it is an electric scooter. why would apple want a scooter company? learned that they are really proud about the patent portfolio and have over 10 patents specific to self driving and one of the components of the project titan car project i

apple. also we are seeing the other energy complex, other members down today. trading lower.s if you look back to stocks and ap, energyk at the im is the worst performing group. check is in the number two spot, down 1.1% dragon part by apple, by sales forces. that is one of the potential bidders. might be close to a sale. we are at the lows of the session following the drop in shares with apple. taking more than 1.5 points off that stuff alone. one stock we have not talked about, higher by 15%. international. the ceo was departing. paul kevin ollie will be -- campanelli is the replacement. underperformed under the prior ceo. this replacement is what is sending stock rack up. > we will have more of an update. manor: the father of the charged with setting off bombs said his personality -- his sons personality changed after a trip. rahami was shot and severely injured and has been unconscious since undergoing surgery. 30 minutes into the orlando the gunmenhooting, called 911 to claim responsibility. he pledged allegiance to islamic state according to transcripts released by the city

. >>> wall street is watching to see if apple will impress or disappoint investors. says no investing in donald trump. and we have this morning's money business. >> yes, a lot of skepticism over what will come today. so we will keep watching that. the opening bell rang an hour ago. the apple is down a little bit. new data shows more institutional investors sold apple stock and any other major stock. checking in on number those numbers, it is down about 40 points. and, the s&p is down slightly. just about a quarter of a percent. the nasdaq is flat. so might depend on what apple says. and, the ground with thousands of lights, it has resulted -- flights. the airline canceled more than 2000 flights, if you remember. completed flights drop from 99.5%, to 90% this month -- 98% this month. they said they will offer ticket refunds to passengers who were affected by that outage. >>> goldman sachs advisors cannot invest. -- in donald trump. it says, that partners are not allowed to engage in political activities or make contributions to candidates running for state and local o

if you want a new iphone, good luck. apple said the phone are in short supply. the company said walk in customers can not get the iphone 7 plus because they are all snatched up with pre-orders and if you want jet black, the non-apple retailers like best buy could still have the jack black but right now, apple does not. if you are going apple picking, it could be slim pickings. tiffany wilson is talking to folks in line. stick around for that. it is the latest at the live desk >> the oakland unified school district is wanting parents of a phone scam after receiving a call saying their child was kidnapped. caller demanded a ransom. parents immediately called their child's school to confirm the child was safe in class. in july, we reported a similar scam in union city. oakland unified said if you get a fake phone call let them know. >> united states soccer is responding together a player who kneeled dug the "national anthem," yesterday before the game in solidarity with colin kaepernick. the first time she did so she was wearing the unit fm of the women's team she w

. >> we're just two days if apple's big new product review. everyone expects to see a new iphone 7 and many predict it will be a head phone jack. >>> samsung is involved with one of the smart phone industry's biggest recalls. the majority were provided by samsung sdi, one of the biggest rechargeable >> why donald trump and hillary clinton took similar steps today. >> what ground they broke, next on abc7 news at 6:00. >>> a look at paddle boats that sank over the weekend. >> student loan money you do not have to >>> as you know, a boat is supposed to float, but this is upside down, in it. the spirit of sacramento began taking on water over the weekend. >> it's cap sized in an area of the delta phone as falls river. abc7 news has the story. >> reporter: once a tour boat, the 87 foot spirit of sacramento is now upside down in the delta. >> sunday morning, my neighbor, who is a -- went by the boat said the boat was lifting to one side. >> bruce johnson told us he saw the boat start to take on water sunday morning. >> i said this boat looks like it

if you think about google and apple.ourse makes it tough to compete with new entrants so there is a huge talent race to ensure that carmakers have the best software program and to programmers to create the most compelling future experience. carol: up next, the brains behind spotify to compile the weekly playlist. ♪ carol: welcome back to "bloomberg businessweek," the 50 most influential market movers. men and women can make stock market greater area. david: we sat down with the editor. let's start at the top of the list. we have been talking about exit -- brexit for going on two months now. theresa may is number one? >> yes. this is a woman who almost by accident and now the fate of europe's biggest financial center rest largely in our -- on her hands. i mean, when she triggers article 50, of the key things will be whether all the financial firms that made their headquarters in london will be able to continue doing business in europe freely and that will be one big sticking point in the negotiations. carol: a prominent w

check out this. >> this experience is really annoys. >> if the rumors are true, actual put an end to that mess. >> about four pairs from an appletore and put them through a very unscientific test. first the connection test, how long did it takes to get your phone to tall to your new headphones. >> oh, if i hid this button, a bunch of lights lie up, oh, it's back again, it's doing circle thing. guy at the conducted. >> the least expensive punk its only too 40 seconds, the powerbeats took twice as long to connect. >> i might as well get some distance out of these things. here, hold this. >> yeah, it's really choppy. what a -- you don't want to do that to a catty perry song. >> it let me go eight full car lengths, but for business i've got to make phone calls. i'm expecting a few right now. can you hear me? it says it's on the beats. because i here you in here. what if i start talking like this? >> they were backwards. it makes a dimples. for phone calls, they got the highest gra i had while the pump2s barely passed. >> the fitness test, let's do this. >> the beats pass, it's going to fall off, theres. >> the bose not so much. bot

and take a quick look, a graphic that shows how important this is to apple. if the revenue continues to grow as a percentage of apple's overall revenue. what we're seeing now is starting to see a decline and people knowing that new and improved model, the revolution if you will, neil, to borrow your phrase could be coming next year. could this crimp revenue going in? we'll have to see how investors take to the news coming up this hour. we'll have live reports for you. neil: robert, thank you very much. in the meantime, talk about a day announcing donald trump unveiling details what he wants to do with the military, wants to give it a lot more respect and maybe a lot more money. blake burman has the details on that. >> reporter: good to talk to you once again. donald trump wrapped up his speech a little while ago, he talked about the expansion and modernization of the military and where he sees it going forward. give you a couple of examples. the need to increase active members within the army. he said he wants to expand the marine corps, build more surface ships

if you listen to ads, you can listen to the music. this is something that applene, google do not provide. so this is their advantage. frankly, the people i've talked to, the analysts think it has a pretty good chance, probably a better chance than apple did. when apple came on, iphones are very popular. iphones your makeup more than half of the sales. so everyone has their free three month trial of apple music the conversion rate was pretty low. only about 5% became paying users. apple made some inroads, but not really. this is where spotify has a chance. it's not a free three month trial, it is free forever. the biggest competitor is youtube. if you like a song, you can probably go to youtube and listen to it for free if you don't money has maybe with into listeningdon't mind to an ad. if you don't mind the ads, you can listen to pretty much any song you want. this is why people think it has a good chance of. emily: tell us about japan's music market. 80% of sales are still on physical formats like cds? eugene: it's actually the opposite of the u.s. in the u.s.,