positive long before the dow started recovering there's this morning it will be all about apple today. apple, applehould be they say iphone sales are slowing. only sold 63 million of them only 1.3 billion iphones in use with people buying $30 of stuff per year in services we have the guy from journey on. not the guy that used to just wail with the ugly mullet, not that guy the keyboardist. don't stop believing i'm a believer in apple. when i text someone and they text me back, and it's green, i'm like who are you >> it's wild, right? >> you don't have an iphone? what's wrong with you. it's already -- i don't think they penetrated the market today. they're buying back stock. it will be tough to get to a trillion market cap. don't cut me off, dom. i don't care about time cues >> i got two iphones >> is that what you're doing >> you have a double -- you have one in each pocket >> church and state. >> she's got two iphones sorry. i hear the music go ahead >> we'll see you soon at the top of the hour. thank you. >> we'll see you later on. >>> still ahead on "worldwide exchange," the fed in focus on wall

much if apple wants to do it, it could create apple health and for $15 a month lever r everything is run through your platform that card you carry in your wallet, you can put it on your watch. appleould own it outright and the world would pay for it, because it would be encrypted and safe apple doesn't sell your data reputation is the finest of the world. that is why they would all embrace this initiative. and tim has to lead it, it will save more lives while reducing the health care dramatic tens of billions of dollars, that would be huge 2019 there will be a gigantic year for the margins, for this kind of business, 90% margins is the realm of possibility it is that good. much better than a razer blade will ever be last night apple rewarded investors with record cash give away then dominion energy been on the down trend so far, could there be a key to turning things around and coopa's software stick with cramer. >>> sfrfrustrating thing about s earning season, no matter how well companies do, they don't get much credit. when you look at the numbers we have gotten from nearly two thirds of the s&p 500, earnings have increased by more than 25% on a share weighted basis. over the l

apple goes, so goes the rest of the technology and the market. it's a sigh of relief. >> you look at the apple stock, and the stock market overall, and they look similar. the stock has been under lots of pressure, but today it was up during the market session which suggests it might be smart money, sniffing out that sentiment. having said that, and it's also an amazing proxy. they do business in china come in business in america and business around the world. the iphone is the best-selling phone, and it's a pretty expensive product. if you can sell 52.2 billion smartphones in this day and age, because everyone watching has a smartphone and doesn't need a new one. you are certainly talking about consumers not just in america but around the world. it has a large cash ward, and the president of course met with tim cook obviously, they took up the china issue because obviously apple has a lot riding on china success. what did you make of that. >> with tim cook meeting with apple, apple has a lot riding. they have lots of phones they could make in china that they could make in america. fox con is only the number five smartphone manufacturer in china. they still face the same sort of hurdles that american companies face and i'm sure tim cook said, listen. i want you to cut a good deal, we don't have an extended trade skirmish. but we want this open to more than just ourselves. 100 million, i think democrats are probably working on the ads right now. the tax cuts went to wealthy shareholders including apple shareholders that once the stock bought back but the dividend was hiked also. so you will hear that complaining as well. they will politicize some of these earnings. >> i'm going to get into that in a moment with some gas. second guessing on this seems a bit premature. it's brand-new. >> the tax cut? forget about it. yesterday we had first quarter compensation fo

apple. but apple is only -- only 5% he only owns 5% of apple and if he could have gotten that stake up to maybeaybe 8% to get ahead of this tidal wave of share buybacks that apple is going to be beginning, you know, any time soon, i think that would have been an even more impressive use of this -- all this cash that he has. i wish he would have swung a fatter bat on apple. he could have done a lot more. >> the direct quote was he believes berkshire may have been a little too restrained in the purchase of apple stocks she asked him why. apple is reasonably priced and strong it's not too late for buffet to own more apple and if so, what catalyst can that be for apple going forward? we've seen such a big bump today and friday >> well, again, i've observed the apple story for a long time. and i think we're entering a period where this is as big of an event as the iphone was for totally different reasons. two things are changing about the apple story. and we could be in the front of a significant move higher in this stock first thing is we're entering a phase of more visibility around the iphone 201

apple selling 52.2 million iphones in last quarter. you won't believe double whammy apple faces with china. apple is in bull's-eye. >> to fears of war breaking out between israel and iran, iran accusing israel of lying, but we'll take you behind sabre rattling in iran. civil order breaking down, protests growing near iran today, blocked and sensored a popular social media app half country used to communicate. triggers more social unrest. >> the clash at border getting intense. not just u.s., now a famously liberal country celebrated in hollywood. has a tougher immigration policy in u.s. president trump gets attacked for wants border security. we'll tell you which one. >> battle lines drawn for mid terms, we'll show you red state democrats now supporting president trump's nominees. this as senator marco rubio is a tacking tax cut -- the tax cuts he campaigned on and voted for. sounds like house minority leader democrat nancy pelosi. we have a high profile expert, he will set rubio straight. >> all-star guest lineup. israel consulat general on iran. more than 3 dozen applebee's, he will talk about

apple. apple was thrown out with all of tech, and apple probably started its issent earlier or in the middle lines of the tech debacle, but if you look at apple reacting well, people look towards that to lead the tech sector higher which normally apple is not the barometer >> we had apple drift, by the way, 5% in last couple days into the report >> right everyone threw out iphone sales weak, but people are focused in on maybe services, which is a big number in fact, it's a $30 billion number it's a huge number that we're looking at, and so if they can sort of make up some of the grounds on other things versus just the apple iphone sales, which we know is still a hardware company, i think that maybe people start to dip their toe back into tech again and those real high growth areas we've seen perform today, we had that selloff, did not check the 200 day again, bounced from there, let's see what the day holds >> mike, considering broader valuations, obviously, it's clear there's stock prices pulling back a bit, but given earnings grow as well, are the valuations at an attractive level again? >

i think that now the cnn commercial should just sub in that moment -- >> an apple is an apple. >> an appleink what is frustrating to me is that it takes folks for them to leave to acknowledge the truth and i think real protectors of the democracy don't wait until they are free of the position or ties to the administration to tell the truth. if that was the truth then -- or it is the truth now and it is the truth then so you should have spoke up. >> and here is the truth about rex tillerson. he took the finest diplomatic core in the korld and ground into obscurity as his 15 months as secretary of state. and mike pompeo, the first day on the job put swagger back into the diplomatic core. it will yield a lot of fruit here for the united states moving forward. i think in korea, on the korean peninsula and iran and secretary tillerson it sounds like sour grapes, as angela said, if you think it is the truth now, why didn't you speak then and it sounds like somebody got fired and is unhappy about it. >> but did you interpret this as a direct shot at president trump. >> yeah i am. but i'm upset. w

i think it's a very different situation than what happened with apple apple had a phony crisis and already gave the news. this one, who knows? >> a eck had of a rec shaye. right? take advantage of back -- close to a former high talking almost 30%, and inherently is it really going to exceeded high before at least contending with it backing away? that would be the better bet and the bet you're making. >> the other thing we talked about, call spread versus put spread the stock moved sharply both up and down that's when you want to own premium. when things are really moving, where you'll make the money. i really do think that a long put spread is the way to make a bearish bet in facebook, obviously it's able to move and on another catalyst like any of the ones we've soon and will likely do it again. >> the supply of any kind after you drop sharply, recover back to the scene of the crime, people who endured the losses didn't book them, wow, my chance to get my money back unnerving. another kind of spike. people who bought on the low dumb luck or brilliance. i got to book that meaning, you get

apple over the last number of years because it always sells as a discount to the tech group. >> ironically, ironically, apple is such a big part of the s&p that this is not very nonconsensus, so if this is a 5% position for berkshire, and apple is, what - >> not even 5%, which is amazing. >> apple is 6% or 7% of the s&p, this is actually fairly consensus. a weird way to look at it, but he's closer to the overall market >> and now, now the dow is up almost 300 points today. 275. is this the spark? is this the spark that gets the market going again >> no, but to your point, he's actually underweight apple relative to the s&p. so it's not an outsized bet. >> he's saying he should buy more right now get up to equal weight >> i think it may have put the paddles on the market's chest. i think we have been in a swoon for most of the year here, trying to figure out what was going to happen with tax cuts and with trade tariffs and all of the other stuff when buffett steps up and says i have been buying more than i normally buy through the first quarter, i think that does send a message. >> one point i want to make, though - >> when you're supercharging the biggest -- when you're supercharging the most valuable company on earth, with

it's a very different situation than what happened with apple. apple had a phony crisis and they already gave the news. >> it's a heck of a ricochet. back to a close to a formal high, up almost 30% and inherently is it going to exceed the high at least before contending with it that would be the better bet and that's the bet you're making. >> the other thing we were talking about just a second ago was call spread versus put spread. take a look how this stock has moved very sharply both up and down. and that's when you want to own premium. you really do think that a long put spread is the way to make a bearish bet in facebook which is obviously able to move and on another catalyst like any of the ones we've seen will do it again. >> the principal overhead supply comes from -- after you drop sharply and recover back to the scene of the crime, but people who endured those losses but didn't book them say this is my chance to get my money back because they thought it was unnerving. i got to book that. you get supply from blow and above. difficult level. >>

envision what was people don't know and running apple music, he is apple's chief negotiator and he has been roped into a very important deal over apple'sand one of them is the iphone deal with siegler at the time and no at&t, negotiating the exclusive at the agreement i can to seven when the first iphone launched. for that reason, qualcomm once in to be deposed. emily: that is going way back. mark: he has been there for a well and being that the negotiator on these carrier deals involves qualcomm as qualcomm makes the chips perform networks. emily: mark gurman, and do for weighing in. that does it for bloomberg week,logy, coming up next uber is hosting a business of equality summit will bring together business, academic, and political leaders and activists to talk about the future of equality and how we get there and what is at stake for the economy and society at large. catch all the conversations all day long on bloomberg television and radio. it reminded we likes twitter, check us out weekdays. that is all for now. have a wonderful weekend. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology

he said apple is there with 270 million paid subscribers across apple's own services like apple musicese inspection services sold by third-party companies on the app store on the iphone. joe: one of the questions with regards to the success of the iphone x is whether it is priced too high. what did he say about that? mark: i asked him if you think that is priced too high. he rejected the idea. he claims the iphone x is the top-selling iphone model in terms of mix this quarter and the q1 holiday quarter. he said this is the first time the high-end top-tier iphone was the top seller in the mix. previously the more expensive phones did not sell as well. it is diversified away from the critical iphone handsets right now. the services sector of the business seeing huge revenue growth as well. gave you a bit more detail about what fundamentally is driving that. tell us more on that note. mark: the app store is one of the biggest drivers of the overall services to go along with the subscriptions. considerations to services is apple music that has 40 million subscribers now, as well as they g

apple's turn to tell us how they do it —— how they are doing. profits have surged at the world's most valuable listed company, as consumers continue to splash the cash on apple's most expensive iphone. the firm had revenues ofjust over $61—billion over the past three months, that's a 16% increase on last year. jonathan charles is the director of communications at the european bank for reconstruction and development. every which way you look at these results this time, it is give these. and derek is a massive share buyback and a big increase in dividend. and derek is a massive share buyback and a big increase in dividendm isa and a big increase in dividendm is a typical applel apple story, which is thatitis is a typical apple story, which is that it is actually solid. 52 million in phones. not bad at all. generally a week quarter, all of the sales come in the christmas period. a solid performance, clearly they have lots of money and they want to buy back shares and spend $100 billion on that. should be lots to rejoice in, but here is a company thatis rejoice in, but here is a company that is doing phenomenally well but on the other hand, the question is what about the future? the fact that they are spending 100 billion on buying back shares raises questions on other other things they could buy out there to secure their future? there doesn't seem to be a big ta keover target there doesn't seem to be a big takeover target that they can buy to help diversify their business. it is very clear in these results that they are diversifying in other ways, things like apple payee, apple services, they are making money out of that. some diversification going on but it

apples instead. money growing apples instead. it is an unusual switch. least a few years before an apple orchard yields a harvest. orchard yields aarvest. then, there is no produce from the land. land. last year they produced their first crop of fruit. crop of fruit. steam, especially after the monsoon last year. to grow rice, water is essential. essential. of late, there hasn't been enough of it. been enough of it. government advertised farmers against sowing paddy. against sowing paddy. 5000 litres produce one kilogram of rice. rice. it is a lot of difference, a lot of water. lot of water. the water here and in other areas is receding. other areas is receding. it is no longer a favourite on the farms. farms. forward in applying trade sanctions against china. against china. they would put them on hold while negotiations were better deal. negotiations were better deal. guinea to discuss what this could mean for the region. mean for the region. looking for more fair and free trade in the future. in the future. than we have had for the last ten yea rs. than we have had for the last ten years. years. between the americans and the ch

market, apple delivering this kind of result at the higher price point is remarkable and a stellar quarter for apple. 's francine: let me ask about the iphone and then the financials surrounding apple good one in candle charts. the iphone 10 was stellar and best performing and what you'd expect. how does it continue on the trend in the quarters to come. francisco: it really shows the position and perception of consumers, also, they have about apple is not just about the good-looking iphones, it's about everything that comes with the device. the he can by system and all the services and also a very important topic, the privacy and security. there was a survey in europe and we found out that the top reason why enterprise is choosing iphone is because of -- per and the per session we have for security and is a important value for enterprises in the smart phone markets particularly now day with the scandals around privacy leaks and all those problems. francine: we talk about-face book and snap. i'm going to find tom on snap he's keeping it secret. when you look at apple they have a lot of cash and they're returning it to shareholders, do you like stock? anne: $100 billion coming back t

probably won't be too thrilled about apple is joining goldman sachs to create a joint credit card yes apple is going into the debtor sphere the move comes as apple is shifting focus off their online services and into revenues while goldman sachs is seeking to increase their revenues from the consumer banking side now apple has yet to make a public comment on the joint venture but the apple branded credit card will probably be similar to say a cosco city card where card holders get five percent cash back or something similar to that making whenever they make apple purchases so they're hoping this card venture will encourage customers to buy more apple products and this apple credit card will likely replace the existing apple barclays rewards card partnership that has largely been a big flop so bart consumers can look for this new goldman sachs card to come out early next year which is kind of surprising to me because you would think that they'd kind of make a rush to the finish line for the holiday season of twenty eighteen but it looks like early next year they're certainly innovative and goldman has been looking to do something for a while i kn

as the market slows down for iphones, apple uses to monetize that through apple pay and apple music. total revenue at 61.1 billion. there's a revival in china we're seeing for the smartphonemaker some other products like the apple watch and the air pods continue to rise guidance remains strong for the company. that's why those black clouds over the company managed to fade away a bit the share price was a collective sigh of relief from investors there after the earnings report. back to you. >> thank you very much we are joined by bill street, head of investments for emea state street global advisers big buyback for apple. we've seen a lot of these from u.s. firms on the back of tax reform that's your takeaway four months after the tax reforms were passed by the congress >> i think it's very interesting balance between fiscal and monetary policy. as we see tax reforms coming in. >> they will have a significant or macro impulse at the u.s. corporate environment. from our perspective this has given us a good leaning into u.s. equities versus european equities, though we still like global

i think it's a very different situation than what happened with apple apple had kind of a phony crisis and they already gave the news this one, who knows? >> it's a heck of a ricochet, right? back to -- close to a former high, talking about up almost 30%. and inherently, is it really going to exceed the high before at least cop the endi incontendt backing away that would be the better bet and that's the bet you're making >> and we were talking about call spread versus put spread. take a look at how this stock has moved and moved very sharply, both up and down. and that is when you want to own premium. when things are really moving. that's where you're going to make the money i really do think that a long put spread is the way to make a bearish bet in facebook, which is obviously able to move and on another catalyst like any of the ones we've seen, will likely do it again >> the principle overhead supply or supply of any kind comes after you drop sharply and recover back to the scene of the crime. people who endured those losses but didn't book them say, wow, this is my chance to get my

apple. apple has long claimed that samsung had stolen features from the iphone. the latest in a court fight that began in 2011. previous rulings found that they infringed on apple patents. the amount of damages has been the matter of dispute. >>> a kindergarten teacher is in jail this evening and is accused of inappropriately touching a 9-year-old female student. the 61-year-old was arrested yesterday. he is a teacher in south san jose. the alleged incident had happened in a school classroom when the student arrived early and was alone with the suspect. he faces a felony charge. >>> police have arrested a man accused in a violent purse snatching that injured a 93- year-old woman. now as henry reports, the suspect is being linked to other crimes as well. >> reporter: he turned himself in for allegedly robbing a woman of her purse and knocking her to the ground. his surrender came one day after investigators released surveillance photos of a suspect. >> we have received 15 tips on our anonymous tip line. people who identified the suspect by name. and we were able to confirm through a dmv photo that it was the correct person. >> the suspect was linked to an armed

report is that while a lot of our permitting systems are collecting good data, it is not an apples to apples to apples to more apples comparison. we want to understand how to look at all these across the board and have a bas baseline fr how they are helping or hurting the city's goals. the first finding is that a lot of services are in fact providing service late at night, 24 hours a day, and on weekends. often, in areas that are less served by transit. we want to recognize that some of these services may in fact play a part in filling gaps and that we should look towards that when we think about, again, future pilots or permitting as an example. fourth finding, there are some impacts on safety that i want to highlight. the first is that when we looked at a lot of the different services the way that they provide training for their operators, whether you, the service operator, or your driver, let's say, it's not standard and safe for a chariot, which is the private transit vehicle operator. no one tests for the operator after they've offered optional training. so one of the things that we're connecting

pay, that means apple music and many other products that apple offers on the side. that's a key driver of growth for applencreasingly key business for the company investors will be listening for the cash decision what will happ apple do with the 285 billion it's repatriating what will the new products look like we're hearing cheaper iphones may be on the horizon. and finally will the iphone x be scrapped just a quick look at the chipmakers some of those are sharply lower, particularly ams, a key supplier for apple. back to you. >> happy to say the director of product management from exponential etfs joins us on the line to preview the apple earnings coming up in a short while. good morning to you. apple has been dominating in the smartphone market. about 50% of all smartphones bought in the last year were iphones. now we're seeing the rise of other players like samsung how much of a threat do you think the rise of other people will pose to apple's business model? in the domestic market in the united states, i don't think that will be an issue. they have a strong hold here, especially with the ecosystem th

apple, can we afford to see home pods continue to be a disaster or be lackluster considering amazon is potentially -- >> they're late to the game. >> -- potentially taking away services from apple because they're making something you want in your living room and apple is not. >> how sticky is the ecosystem >> exactly. >> to your point -- i think to your point, if apple loses that cool factor how long are people going to hang around right now they're hanging around but sirch making the same thing. when these products become ubiquitous, how sticky is this >> if you're accessing via voice and apple doesn't have that presence, what happens to the services revenue. >> alexa is cooler than siri and siri was first so now it's a disappointment but the home is still the one place to penetrate and they want to be there. amazon is winning right now but i think apple has plenty of room and there are plenty of people -- they want it to come down to the device, i don't think they want all these gadgets, they want it right here. >> taiwan which has been crushed and down with apple together. >> siri has been around since 201 2011. >> in the next year or so that will connect into the home pod they have -- i think they said on this call there's 270 million paid subs

apple, apple is having a strong week. the strongest in a couple of month. appearingl market is to catch on now. applehares now at 3.4%, trading at a new record. this comes as the news that berkshire hathaway bought an additional 75 million shares of the company in the first quarter , that news in an interview with warren buffett on cnbc. , itou look at the bloomberg is technology in the top spot of the sectors in the s&p 500. it is broadly green with only energy down and consumer staples, the worst performing group on the year is rebounding in the session today, along with consume in a desk consumer discretionary. a broad-based rally. earnings winners, the best person is performance in the s&p , fairy cycle, a medical waste management company, after the earnings reports that beat estimates, analysts say the company is bottoming out and it will improve. engaged in ais fight with activists shareholders and has made peace with them, it is unveiling a plan to accelerate is transformation, selling off more divisions with earnings and sales topping estimates. up withboratories shares 5.4%. cbs under pressu

apple. i think it's fair to say he loves apple. >> yeah. that's a huge amount to buy. remember what apple did during the quarter. apple got smashed. analysts said it's got to be a bad quarter. he doesn't think about the quarter. he think abouts this is a consumer products company with 99% satisfaction when you have something like that, you buy the stock. he doesn't look at the components he doesn't look at the mosaic. he says everyone is so afraid of a company that it sells at 14 times earnings with the revenue stream and, you know, he does something he thinks young. every kid he knows has one and they would never use anything else it's good enough for him it's not good enough for the people who listen to the analysts who are try to count the number of rf. >> is that going to continue >> i think they threw in the towel. tim cook basically did not comply with what the story was. >> right. >> didn't comply with the story. some of the annalists were negative, by the way some were not being listened to by elon musk. >> yeah. we'll get to musk in a moment. >> apple, of course, did move up did

apple? >> apple has been driving on technology but it may be closer to hitting the road than we think. appleermits to operate by the economist cars in california right behind general motors. crews have more than 100 permit. waymo only 51 permits. they've been working on this self driven technology. >> despite all the problems on the road. >> elon musk was saying how can you criticize us for having so few accidents and there's like 40,000 a year. but there were 285 million cars on the road so the comparison. gerri: kalat plane out of venezuela. why they decided to end its operations in the country and how gas prices in consumer spending in america right here. let's take a look at the stock index futures right now. the dow down 25, nasdaq down six. you are watching "fbn:am." ♪ you're trying to lower your very hwith a healthy diet... and exercise. and maybe even, unproven fish oil supplements. not all omega-3s are clinically proven or the same. discover prescription omega-3 vascepa. the one that's this pure... and fda approved. look. vascepa looks different... because it is different. it's pure

services like apple pay, apple music and the ipad crew 30% making more money than anticipated in the last three. applerying to figure out a way to make money with more people already owning a smartphone. back to you. gerri: tesla set to report its first-quarter results "after the bell." analysts expect a lot again. $3.50 per share on revenue of three-point to billion. model preproduction has ramped up this week, but that assured the company's production target. tesla wants 5000 model threes by the end of june. elon musk company has never managed in annual profits so far. take a look at this marginally so in the premarket. cheryl: turning our attention to facebook. mark zuckerberg unveiling new features including it take a nap as the company tries to move past the recent privacy scandal. gerri: fox news james annan has more. >> what happened with cambridge analytic. >> taken the stage tuesday for the social media giants annual developers conference. election meddling issues, fake news problems are news problems and ongoing data privacy scandal's impact 7 million users. >> we are currently in the proces

apple, mcdonald's, disney, were among the winners on the dow jones industrial average. it was all winners with the exception of, that was chevron. as we look at these, we talk about apple. apple ultimately a great mover as warren buffett's berkshire hathaway picking up 75 million more shares. stock all-time new record high. we saw it close at 183.83. certainly a big move. cbs viacom, beat on top and bottom line. cbs higher. viacom also higher on same day shari redstone, bob backish doesn't need to be number two if there is combined deal. we talked about that right here. lastly pandora, shake shack both of those moved higher after quarterly numbers. pandora, 20% higher. shake shack new high for the burger chain. they had them here on the floor. and amari -- marachi band here. david: huge buy from warren buffett, thank you very much. melissa. melissa: unemployment rate below 4% for the first time in seven teen years. job growth was lower than expected. we have carol roth. paul avarsino and veronica daguerre, from "the wall street journal." paul i start with you, what did you glean from the unemployment report? did you like it as much as the market did? >> i did. what is not to

can do. >> i'm going to reverse the question can apple rally without the s&p rallying and you're negative on the s&p. apple you think can rally. can apple continue and at what level? because at this point it feels like it wants to revert. it feels like it wants to give a little bit back and add that explosion to the upside. can we get back to 200 or 210? i'm a big overshoot guy. do you see it breaking out to above $200 >> you know, i put out a note following that thing that said that one is well served to take profits into the move but it's gone further i suspect it's got some more in it and it didn't hurt to have a certain person talk about it during the week, yes. >> you know what's interesting is i talked to another technical analyst this week. >> you know what -- >> i had to. i was on squawk box. >> you guys were on break. i had to talk to her. >> she had the same chart and she thought the s&p 500 was going higher so are we at a point here where simply your interpretation your hunch >> it's the same way you can have a securities analyst, highly trained, qualified, certified, has a buy in the stock and this equally qualified individu

tech stocks soared after berkshire hathaway stepped up 75 million shares of apple. apple shares gained 4%. the dow gained 342 points. the nasdaq rose. >>> lava rolling down the residential street as a volcano on the big island of hawaii comes to life and rubs. spewing a rock and gas and they are. two homes have been burned and people living near the kilauea volcano have been evacuated. they grabbed what they could and got out just in time. you're looking at time lapse video of lava. this was taken from the u.s. the geological survey observatory. this was before the eruption. the kilauea volcano is on the big island. there are 1700 people living nearby, they have been evacuated. there has also been a 5.4, and 4.6 earthquake. >> reporter: the kilauea volcano comes to life. selling -- is sending a lava flowing down residential streets. forcing 1500 people to evacuate. >> i was sitting and waiting for the news to come. i'm hoping that the roads aren't taken out. >> reporter: aerial video shows plans on fire. the volcanic alert level has been raised. to the highest possible le

apple music, that kind of area, apple tv. they want to lock you in and keep you there. they are seen you in and keep you there. they are seen expansion in apple that is growing. many do keep asking this question, apple is very reliant on the iphone. if sales are not doing well, apple is struggling and it has not come up with a new innovative product concerned, has it? absolutely. services have been growing for each quarter, that has been bullying them up but that can't go on forever and they need a new, big product like the iphone when it first launched. the apple watch has come and gone. we are not even talking about that, really. the apple watch is a weird one, not popular in the west but it has been growing in places like china, that could be an area where they can see some upturn. nice to see you. thanks for your thoughts. shares up 3% after hours trade. mark zuckerberg is trying to regain trust after the data scandal that has engulfed facebook. at the company's f8 developer conference he unveiled a new way for users to wipe their facebook history, but he also announced that the social network would be getting into dating, here's our tech

apples. apples visit the big apple. is your name apple? >> mark and lauren apple. >> wow. baby. i like it. >>> now, to your money and a survey revealing our deepest secrets. "glamour" magazine decided to ask it all and discuss five ways to make more money this week. samantha barry is "glamour's" editor in chief. this is your first issue and you focused on money. why? >> there's is a bigger conversation to have about money. dig into what the money stresses are and look at the solutions. people do get a lot of anxiety from money problems. >> there's no question about it. we're going to relieve some stress. we have five things. the first thing you say, we need to build a budget. >> it's so important. one of the things that came across in our survey. unless you have transparency to what you are spending, how the money is coming in and how it's going out, it can get overwhelming. >> a lot of us don't want to look at it. >> you've got to stick with that 50, 20, 30 rule. 50 for necessities, 20 to savings and the 30% is for the luxuries and the extras. >> get a budget buddy. what

apple. amazon or apple and apple has had a big move i would much rather own apple. a defensible valuation, a company that is generating 50 billion in market cap. everything apple has ahead with a 1.3 billion installed base, their service revenue is almost 15% of their total revenue that to me is a much more interesting story. i think we know that amazon is the wrecking ball for the retail sector. >> are you a believing that services revenue will be 67% of the revenue growth at appleby the next five years? >> no. >> that was the call. >> revenue growth. >> revenue growth, yes not the revenue. >> i think that is -- think about what is going on with hand sets yes. i believe this is their time and boy, they're starting to move the needle. that's my would you rather. >> karen gets to play would you rather, would you rather, would you rather. >> she follows the rules >> netflix and amazon, she will never go netflix and amazon. >> facebook, alphabet or apple >> alphabet. when you look at valuations, which i always do to talk about amazon or netflix, you know, you're -- it's

apple was working on a new virtual reality. >> tim's talked a lot of augmented reality. i think you'll see glasses from apple. within the next three years you'll see augmented reality glasses from apple in mid-april was pretty scary for apple shareholders, right? that was not a sea change in terms of all of a sudden people realizing the iphone is not going to be here forever and to move this company to a trillion-dollar market cap a lot of analysts came out and made some comments jim cramer started talking about the chances of getting to a criminal used to be 2-1 now 10-1 that didn't change your long-term viewpoint, what happened with the suppliers? that doesn't indicate a real problem. >> to me the report that came out in january was a line in the sand saying this is now a mature company. >> so it already happened? >> i think so. the supercycle is dead we talked about that in november i think you're seeing flat iphone demand going out into the future maybe slight growth. you're now dependent on wearables and services it's a big company doesn't get to a trillion-dollar market cap it might happen. amazon and google are getting closer to passing them but, you know, apple -- i wouldn't

apple. to did you get apple wrong that extent? how did apple managed to surprise that way? look, we did get apple wrong going into the quarter. there were a lot of supply chain data points that were negative. i think our interpretation as well as some investors who were surprised as well, which is why yesterday,as up for theeasonal cycle cycle. was clearly a surprise for us and more broadly for the market based. we have had a view on apple for a couple of years that the stock is not a core long-term holding. we worry that the iphone is such a part of apple and over time, ae iphone itself is relatively mature business and we don't think it has much growth. over time, replacement cycles for iphones will problem extend. we really struggled to see whether there will be iphone growth going forward. business, 65%pal of profits helping to drive services, another 20%, if you do not have a clear path for growth, we find it hard to say that should be a core holding in your portfolio. the stock has made people a lot of money in the past couple of years buying at the right time and sell

very bullishing and that can be off the back of apple. >> apple has another record today. do with equal next. noticed me you have been talking about real estate stocks. hass no accident your firm developed and indices that tracks subsectors. know, it combines technology and rates. >> right. this goes off the xl case sentiment. that is what it is. it is the world's largest internet exchange. they have data centers all over the world and they have a big partnership with microsoft. it is this company that is enabling the back of their cloud computing. the trade is down today. how do you play that? go out to september. 4% of theust under underlying share price. enticingeally especially if you believe in the cloud story and that is where it is going to grow. this is a nice derivative trade. julie: they bought a number of verizon data centers but in the most recent earnings report that is a weak spot. is that going to be a drag on the company? aboutryone was worried the growth in the verizon deal. they do not think it is going to pay off further for bookings and not lead to orga

biggest increase in three months with apple iphone sales alleviating the slowdown concerns that have been driving down apple's earnings. ams shares slumped after an applepplier caution on negative operating margins. it is making up for that lost today. the world's biggest maker of diabetes drugs raised its outlook for profit and revenue for the year with net income, sales. the drugmaker expecting increasing sales for its diabetes medicines. and counting on new products to relieve pressure on drug prices in the united states. morgan stanley reassured by the today's beats given the u.s. pricing pressure and the competition, an overweight rating. let's get to accardo, shares up while earlier rose 6.8%, the biggest rise since january. it agreed to license it online grocery home delivery technology to the swedish biggest supermarket network, the third significant partnership the u.k. company side in five months and it will develop an automated warehouse in stockholm. for delivery routes and a website for sweden's companies -- a swedish company. their shares doubled since it struck its first major licensing deal with casino of france after years of trying wi

moment but first apple stock is getting a confidence boost legendary investor warren buffett has been loading up on apple shares his company berkshire hathaway a seventy five million apple shares actually that's more than thirteen billion dollars worth of current prices increasing at stake by almost fifty percent buffett called apple an unbelievable company one of the most profitable in the u.s. he's more apple stock than any other invested in the past year. back over cnn's then again when buffett speaks i mean usually investors listen have they . and and there rams the stock of apple just here in the friday's session was up by almost four percent and reaching a new record high for the week by the way the apple stock is up by thirteen percent and those are really quite astonishing the numbers are in buffett's company berkshire hathaway now owns a good two hundred forty million apple shares and the value of a good forty two billion dollars so really breast taking numbers that we are seeing here the funny thing is warren buffett usually likes to buy it when stocks are under some pressure and that was true for the apple stock earlier this year but definitely not right now

apple. >> apple now has the second most self-driving car permits with the dmv. general motors' cruise tops the field with 104. apple with three permits last year has 55. waymo has 51. these are permits with safety drivers, not completely driverless cars. >>> an a-list cast and crew working on a movie about the theranos scandal. vanessa taylor will be writing the screenplay. directed by the big short writer adam mckay and star jennifer lawrence. in 2015 it fell over claims of inaccurate testing and fraud. >>> a justin timberlake super fan is smiling after her wish came true. >> it started with a viral video of an 88-year-old florida grandmother surprised with tickets to see her favorite singer. >> where are you going? >> oh, god. >> hello there. >> ah. i'm so excited to meet you. >> this is ms. maloney, better known as nammy to her family and friends. she got to meet justin timberlake after the manager arranged it. she made the post of the situation, asked timberlake for a special request. >> do you think your wife will mind if i kiss you on the cheek? >> she won't mind. >> don't tell her. >> i won't. >> what is goi

apple. thal's according to "the wall street journal". goldman apple card would be tied to apple'sayment service, apple pay. goldman has been slowly moving into consumer banking. they personally added doing personal loans and savings accounts under its market brand. anne-marie. >> diane king hall at the new york stock exchange. thanks a lot, diane. >> thank you. >>> still to come, a special send-off. an elite force will be saluting one of their own at next week's royal wedding. g. [ director ] action! k9 advantix ii kills fleas, ticks and mosquitoes through contact. no biting required. [ director ] cut! i'm not feeling the no biting required line. bah. [ growls ] somebody get this guy a muzzle. k9 advantix ii from bayer. wise choice. you wouldn't accept from any one else. why accept it from your allergy pills? flonase relieves your worst symptoms including nasal congestion, which most pills don't. flonase helps block 6 key inflammatory substances. most pills only block one. flonase. at his high school... how police say he pulled it off... a tesla narrowly avoid smashing into the sa

apple participate at price points that are attractive enough and right now, there's a gap that's why apple's market share in india is about 3%, and about 15% in the rest of the world now, i think apple is betting that over time, the indian population will become more affluent with gdp growth and industrialization. and the same thing will happen with africa. so you'll have people grow into apple price points, but right now, there is a big disconnect between what the average prices of smartphones are and the affordability levels in those countries relative to what apple's offering >> toni, good to talk to you thanks for coming on >> the other issue, jim, to consider is if you thought, you know, as goes apple so goes the market, i mean, apple has a great report, and here we are sputtering >> yeah, look, it's a bad sign >> you made the argument, you have made the argument that if apple trades poorly, it's not good for the overall market. here we are having a good day for apple and the market can't get out of its way again >> the bigger market thing that's going on is number one, apple is bucking the trend a lot of companies that have had really good earnings reports and gone down on the