. >>> let's get to josh lipton on some news at palo alto >> actually, let's move on here, we'll get to that. cnbc's dom chu >> well, melissa, i may lack the monetary wealth of other folks but i would like to think that i made up for it in other ways jack dorsey has taken a good amount of heat the last several years. dorsey is coming outlooking pretty decent for his job, he's the chief executive of and the founder of as well if you thought you had a nice month of may does not compare to contador soy who saw his net worth increase by a whopping $733 million or there abouts twitter stock has flown right past the rest of the market gaining 14% just for the month of may meaning jack dorsey's stake in the company gained around $65 million in value. not too shabby that means that his stake in square will account for the network of the month as it is sores for around 24% that stake gains $668 million during the month again, not too shabby. if you look over the past year, investors who have been a i llog for the ride have been benefited to some degrees. it is still up 88% over the last 12 month

isat's what josh lipton looking into tonight. >> reporter: a shock for intel and silicon valley today. the company removed i ceo, saying he had a consensual relationship with an employee. that violates company policy, which says managers can't have erelationship with peoplho report to them directly or indirectly. it's unclear with whom he had theshrelati, but it ended some time back, sourcesel cnbc. the company only recently learned of all of this at which int itaunched an investigation and took action. in a filing today, intel said the ceo is entitled to a $38 mill join walk-away payment in the event of a voluntary rmination. a spokesperson didn't immediately respond. he joined the company in 1982 and became c in2013, when he reachned the chip maker's beyond the pc and data center and into artificial intelligence, theer in the of things and self-driving cars. analysts say he go ahead credit for a stock price that rose about 120% under hi the cfo has named interim ceo, but who can replace him permanently? guessing game has already began. >> last time weng saw somet like this was hewle

you are up to date melissa, back to you >> sue herrera let's get back to josh lipton at the conferencesan jose of e latest, josh >> reporter: they're getting people behind me excited about ios 12 there was a big focus on augmented reality. he talked about 2.0 and one big change that's coming here, a.r. app looks like they'll allow multiple users so two people can play the same are and see the same virtual objects that's a big deal to gamers. we talked about photos that are captured on these ios devices every year apple added the now features here where you take a photo with some friends, applwould recommend the people you want to share those photos wit more a.i. chats here. and we are talking about series here of fred calling it the world most used, siri did have its critic siri lags competition in terms of quality apple is making some big hires when it comes to this. they took google former a.i. chief that's going to report directly to tim cook that tells you these guys are serious about this i am sorry >> presumably the 10 billion requests on siri per month are successfully answered?

apple hitting an all-time high as its worldwide developers conference kicks off josh lipton out in sane with all the details. >> apple ceo tim cook on stage right behind me here reminding developers just how much they earn how through his app store take a listen. >> this week we're going to achieve another huge milestone the money that developers have earned through the app store will top $100 billion. the app store is clearly the best place for you to be rewarded for your hard work and creativity >> apple also gave a sneak peek of ios 12 which will arrive this fall apple saying it will be a faster and more responsive os and will run on devices all way back to the 5s there was a bit of talk about siri today a feature called siri shortcuts. you'll be able to create custom commands let's say you're going home. that could trigger siri to text your roommate, maybe set your thermostat or give directions. you can see and control how much time you spend in apps remember, shareholders sent a letter asking the company to develop software to give parents mo control, ar kit 2 was unveiled that wi

joining us with who could buy what is josh lipton. >> carl, the ruling has far reaching implications for media, telecommunications and big tech. what are some targetthat tech giants could now pursue. let's start with apple gbh thinks apple could buy a movie studio, a smaller one like a-24 he says, which is responsible for hits like "lady bird" and "room," would move apple into the content game. walter of btig reminds us that apple doesn't traditionally pursue big m&a the biggest deal they ever did, remember, 3 billion for beats. apple's strategy has been to build out their own content. we remember that disney's bob iger does sit on apple's board what about amazon given its studios and pull position in video games with twitch streaming service. one analyst i talked to said why shouldn't bezos take a harder look at video game publishs like activision, ea and take two as well as private companies he said like bethesda game studios. also keep your eye on warner brother s, time warner's video game division, thinking there is that time warn

i'm josh lipton in san o. franci >>> before we go, maybe against our better judgment here i another look at the big declines on wall street. the nasdaq dropped 21 the s&p 500 was down 11. "nightlhat does it for business report." thank you for watching. >> thanks from me, as well. have a great evening. we'll see you back here tomorrow night. ♪ >> this is "a bbc world news america." presentation this isanade possible by, the fre ation,tion, koeblerou pursuing solutions for america's neglected needs, and purepointfi ncial. >>ur how do we shape tomorrow? it starts with a vision. see an ideal form and our mind, and then we begin to chisel. strip away everng

josh lipton out west for us.le shares hitting an all-time high with this happening, everyoe ing inching closer to a trillion dollar market cap, which is hard to believe let's get to david and neil to talk about the stock welcome to you both. you are more bullish here. $220 price target. you think it's a trillion-dollar company, right >> i do, thank you for having me on, kelly. apple, the stock, basically the compy's strength in the high margin, high end portion of the categoriest they go after, smart phones and tablets enabled them to generate free cash flow, and now with favorable tax regulation, they are able to return more cash flow with buybacks and dividends so that's why we like the stock. >> but neil, you are cautious on it, and you actually say you are concerned about profit margins moving into services, right? >> i'm not conce profit margins of the iphone franchise, i'm not concerned about the services, gross margin around 35% range, but i am concerned that the subscription businesses they are rolling ou

i'm josh lipton, san jose, california. >>> apple remains in the lead at $942 billion. amazon is second and alphabet rounds out the top three. >>> microsoft is in fourth place, by the way. >>> dow component mcdonald's is modernizing its business. the company plans to order self-order kiosks to 1,000 stores each quarter. markets like canada, australia and the u.k. have kiosks and mobile ordering. the ceo says he expects the investment in the u.s. to pay off. >> if they want to dwell, have a little bit more time then go to a kiosk, they can browse through the menu. they start selecting and see the broader ranges or they may want to customize the food they've got. you can also pay clearly on credit/debit there. you can receive table service. take a little tent card, take it to the table and we'll bring your food out for you. so what we are finding is when people dwell more, they tend to select more. there is a check boost as well. >> investors liked what they heard sending the stock higher in trading today. >>> a battle is brewing between dow component boeing and two of it

how big of a problem could the tariffs be for apple or will it be spared from the trade troubles josh liptonin san francisco. josh >> tyler, mainland china, we know, is critical for the iphone maker. accounting for an estimated 15% of annual revenue and apple depends on china as a key part of its supply chain. remember, most iphones are assembled over there the trump administration told tim cook that it would not place tariffs on iphones, according to "the new york times," though today, white house trade adviser peter navarro countered that he had no knowledge of any such exemption regardless aside from tariffs, apple could get caught in the cross fire. they're now reportedly concerned that the chinese government could cause delays in its supply chain in retaliation for these tariffs. tim cook has been talking to the trump administration and working hard to improve relations with china, making investments in chinese companies, analysts point out one strong advantage for apple, it sells a popular device in china and its assembly employs a lots of people over there, more than 1 million chinese

josh lipton has the story, josh?mainland china accounts for an estimated 15% of apple's annual revenue, and it assembles most of the iphones there, then shipped, of course, around the world, so investors might be worried here about whether apple now gets caught in the cross fire of the burgeoning trade war. trump administration, as you mentioned, told tim cook, they are not placing tariffs on iphones according to the "new york times," and just today, white house trade adviser had no knowledge of any such iphone exemption. regardless aside from tariffs, apple could face pressure in other ways for example, apple is now reportedly worried the chinese government causes delays in the supply chain in retaliation for the proposed tariffs tim cook has advantage in the fight, though. apple controls 10% of the smart phone market there, and assembling the devices employs 1 million people chinese guys, back to you. >> but, josh, i guess if we look at the share price in recent sort of weeks and months and quarters when nthey repo

. >>> news alert on facebook josh lipton has the details, josh >> reporter: here at facebook headquartersn menlow park where facebook owned instagram made big news saying they have 400 million people daily on instagram stories and just to put that in context, you know, in november, they said 300 million, so that's a big jump up for instagram stories there, and they said they'll add a new feature to stories, specifically music. this is how it works capture your photo or your video, and you can pick music by tapping a button search for a specific song, mood, whatever is popular. it's in a second number of countries like the u.s. today and rolling out globally in the near future. instagram had a big event last week in san francisco when they announced that big push into reform, and said instagram now has 1 billion monthly active users, guys, back to you >> josh, thank you very much for that josh lipton for us i think stories is too much to it now it's too complicated, i think. >> you use it. >> not anymore gave up stories. >> i don't think so. i think -- >> just regular posts for me now. get

josh lipton is at intel headquarters with the latest josh >> jon, we are here at intel headquarters whereloyees behind me woke up to a big shock this morning their leader, champion and ceo brian krzanich is out. the company saying he had a consensual relationship with an employee, a violation of company policy so the board naming cfo bob swan as interim cfo company also raising q2 guidance told the street it will deliver eps of 99 cents around 17 billion. it next says it will report results later next month on july 26th krzanich a long-time employee of this chip maker. he joined intel in 1982, was appointed ceo in 2013. his compensation topped $21 million last year alone. bernstein's take said he gets credit for a stock price that jumped about 120% under his watch, easily best the s&p 500 and the dow, roughly in line with the nasdaq. numbers went up under his tenure he presided over a tough transition, from the pc market to potential growth areas. chips for servers, internet of things, memory, programmable processors and new areas like self-driving cars but he also says krzanich presided

. >>> josh lipton in san francisco has a news alert on apple. >> some new developments here on apple and samsung. they have agreed to drop and settle remaining claims related to this patent infringement suit you'll recall it was just last month a jury said samsung should pay $539 million to apple for copying smartphone features. according to this new filing here, they have agreed to drop and settle their remaining claims and counterclaims this was a long standing fight between these two. went back to 2011 when apple said samsung devices copied its products back to you. >> all right thanks so much, josh lipton. >>> we want to take a check on is the markets it looks we're taking a close lower. down by about 1.07% or 80 point. the s&p 500 down by 0.6% take a look at some of the components of the nasdaq semiconductors down by almost 2% right now. >> if not for energy, the market would be lower energy has remained strong those stocks are higher. you got a few things going on here including the fact we're heading toward the end of the quarter and seco

. >> josh lipton is at apple. >> reporter: mainland china is critical to apple's success. company doesn't give us hard numbers on that country in particular but estimates of about 15% of annual revenue apple, of course, has vast manufacturing operations in china. most iphones, remember, are assembled there and shipped around the world apple ceo tim cook has made china a real priority, making frequent visits, making big investments in companies like ride hailing giant didi. he has been talking to the trump administration, impressing upon them that trade wars will hurt the american economy the administration has told cook it wouldn't place tariffs on iphones. apple declined comment on that report but it's consistent with what cook told cnn earlier this month, saying that i don't think iphone will get a tariff on it, is my belief, based on what i've been told and what i see i just don't see that. munster says china would want to be careful about socking it to apple here after all it's a big employer over there, with more than 1 million chinese working in some way on apple pro

josh lipton has the details. josh, which side are you on?l say the nasdaq is the one to watch >> let's start with what instagram had to say here today at this big event right behind me here. took the stage and made a big announcement take a listen. >> i have some really big news the big news is that we are now a global community of a billion monthly actives on instagram >> facebook owned instagram. they have a sizable jump you can see here how that 1 billion number stacks up against some of the competition. now, instagram also did announce some serious product news today too. they're going to be pushing into long form videos so they announce this new app they're going to be calling ig tv brands, content creators, and regular users will be able to post videos for up to one hour nap is a big change. currently on instagram, you can post videos up to one minute the audience for original digital video that has been surging among u.s. adults, it's jumped 60% in the past five years. instagram's move we know puts it in more direct competition with s

touched a new 52-week high just this morning david, back to you thank you, josh lipton >>> later, currenttility and political turmoil in the eu could take a toll on european banks wilfriedrost will be sitting down with the ceo of barclays, jes staley >>> dow up 192 cisco, cat and ge the only losersig rht now "squawk on the street" will be right back welcome to holiday inn! thank you! ♪ ♪ wait, i have something for you! every stay is a special stay at holiday inn. save up to 15% when you book early at hollidayinn.com >>> stocks have been stuck in a range. that has one analyst calling this market a trader's paradise. find out why on tradingnation.cnbc.com more squawk on the street coming up >>> let's get to rick santelli now at the cme group in chicago. get that santelli exchange rick >> good morning. thank you, david like to welcome my first guest of the week. dr. john silvia, wells fargo thanks for joining me. >> sure. >> well, listen, most economists, and i really underscore most, don't believe this administration's disruption of trade is going to end up a beneficial factor in the econom

. >> josh lipton in san francisco, thank you for that it's also worth noting that google also said recently it won't renew its u.s. defense department contract next year. i suspect we'll be having many more of these types of conversations where silicon valley and the federal government is concerned. thank you, josh. >> when we return, markets set to close in europe today is two years since brexit. we'll take a look at the progress that's still to be made stay with us ♪ feel that? that's the beat of global markets, the rhythm of the world. but to us, it's the pace of tomorrow. with ingenuity, technologies, and markets expertise we create the possible. and when you do that, you don't chase the pace of tomorrow. you set it. nasdaq. rewrite tomorrow. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call we'll pick up and deliver your clubs on-time, guaranteed, for as low

let's get to josh lipton at intel headquarters for the details. josh >> reporter: a shock is right, both for intel and silicon valley. intel removing ceo brian saying he had a consensual relationship with an employee. that violates company policy which says managers can't have relationships with people who report to them either directly or indirectly. it's unclear with whom he had this relationship but it ended some time back sources telling cnbc. the company only recently apparently learned of all this which at this point it launched an investigation and took action in a filing intel is saying, he is entitled to a $38 million walk away payment in the event of a voluntary termination. a spokesperson didn't immediately respond or comment about whether he's going to receive that payment. we know an intel veteran. joined the company way back in 1982. became ceo where he broadened the chip maker's reach. analysts say he does deserve credit for a stock price that jumped about 120% under his watch. cfo bob swan has been appointed interim ceo. company als

let's get to josh lipton now with more details on the apple news involving oprah winfrey >> that's right, so apple is formally announcing that they have this unique what they are calling multiyear content partnership with oprwprah winfry together saying that they will create what they are calling original programs that embrace her ability to connect with audiences around the world, that win friday's prop win frid her products will be releas rels originals. maybe show, maybe books. but apple has moved harder into original content taking on the netflixs and amazons of the world. gist had just had a report yesterday that they are close to a deal for the first animated movie so a big push by apple here. >> to we have any details on on money exchanged? >> no, there are no details right now. no word on financial erm its of this deal. >> does she still have the oprah winfrey network or am i behind the times? >> i haven't followed. >> she runs that >> so i guess takes nonexclusive agreement there. >> we'll see >> that is a lot of content. >> she will probably grant herself an exception >> i gues

carl quintanilla in chicago for us >>> now josh lipton has a look at what's coming up from apple's worldwide conference. >> we're here live where tim cook is to take the stage before an audience of 7,000 developers who have come from all over the world to hear about the latest gresgreatest software upad and hardware news, too much more coming up on "squawk alley. don't go away. welcome to holiday inn! thank you! ♪ ♪ wait, i have something for you! every stay is a special stay at holiday inn. save up to 15% when you book early at hollidayinn.com >>> the nasdaq approaches all-time high is the best trade of the past couple of years now really back? plus the big call on under armour that might have you thinking twice about the stock details and debate coming up >>> exclusive interview with the ceo whose stock has gone from 86 bucks to 186 this year should you buy in now? you have to watch and decide see you at noon. wilfred, about ten minutes away. >> scott wapner top of the hour. look forward to it >>> apple gets ready to kick off its annual developer show in about 90 minutes from now. joining

josh lipton joins us now with a preview. sh >> good morning, joe the focus is on apple software reports suggest apple will give a way to monitor on devices. encouraging them to help parents limit phone use. gene munster also tells me he's going to be looking for apple to improve siri today so the digital system can work with new kinds of apps, he said. perhaps in new categories like commerce and an update to arkit as they look for control of the augmented reality. there have been 11 new hardware announcements. today rbc thinks apple could refresh its macbook lineup and potentially here introduce a new phone too. the se-2 this conference kicks off as apple stock has been on a roll up 13% in the past month back to you. >> okay,h. thanks for that report out there at the -- what's it called bbg? boy genius yes. jonathan geller is here of boy genius report.waiting, waiting i don't know if they need something to shake the world they're doing just fine with add-ons at this point? >> this is a year where prior apple doubles down on a

. >> josh, thank you josh lipton in san francisco here's what's coming up next on "the halftime report." >>> several big calls of the day. we're talking medical devices, big food, and big pharma picks from each sector coming up >>> plus, we want to know what you're trading today join the conversation and weigh in with e traders. send us your questions use #askhalftime on twitter. we'll get you on tv today. >> before the break, the markets and indepece day our data partners at kingso show just before july 4th, stocks shoot higher like fireworks. for more, go to cnbc.com/kensho. "the halftime report" is back in two minutes. ♪ feel that? that's the beat of global markets, the rhythm of the world. but to us, it's the pace of tomorrow. with ingenuity, technologies, and markets expertise we create the po and when you do that, you don't chase the pace of tomorrow. you set it. nasdaq. rewrite tomorrow. halftime report. time for the calls of the day. bernstein initiated on the medicme meddevices they're calling for double digit upside each of these names, by the way, beating the s&p 500 year to

disruptive niche tech >> like the fang-jv. >> yeah. >> in narrow areas like docusign >> wow broadcom, josh lipton the numbers. josh >> kelly, broadcom reports 4.33 eps, and the street was at 4.76. revenue at 5.02 billion, and street looked for 5 billion. q3, 5.05 billion, and the street was at 5.06. they preannounced april 30th, and it was better than expected, 2.3 million included chips for tech, and chips enable wifi, google, blue tooth, enterprise storage at 1.2 billion, and industrial another 263 million, and conference call kicks off at 5:00 p.m. eastern, kelly >> all right thank you, joshua, shares inching higher we have a news alert on deutsche bank, wilfred frost has that >> in response to the story from bloomberg a couple hours ago suggesting the chairman of deutsche bankers with tieups, sg moments ago, quote, the chairman asked constantly about this matter the answer always the same all the pro and against arguments can be raeead in repos in the media he sees no reason to raise the issue. sounds like a cryptic response, but i would say knowing deutsche bank as i do in a few other conver

josh lipton has that josh >> kelly, news on apple, new report that the company is near a deal here for rights to an animated movie apple's apparently in talks with cartoon saloon, an ime movie no even made yet. apple made a push into original programming, taking on the likes of netflix and amazon. to date, the focus is on tv shows and documentaries. have not done a movie before apple declining comment to cnbc: guys, back to you. >> thank you what point do they dip the toe in the water, and we don't know if he can pursue this, comcast in the mix, and the videos is still largely viewed, particularly on music, they have the subscription service >> right >> easy transition >> logical next step >> we shall see. >>> coming up, after a staggering run up, bitcoin lost a quarter of the value in the past month speaking with the man at the sec, how the agency plans to regula regulate crypto. >> deal or no deal kicking into high gear, up next, we'll talk to the man who knows a lot about deals. deal or no deal host, how howie mandel is here we're back in a couple (siren wailing) (barry murrey) when

theranos will have a new ceo and it will not be miss holmes >> we have a new report with josh lipton he wshe was there for fiver r with nafta what exactly the company has planned in the self driving space, we are not so sure. tim cook does not tip his hands with some of his big tech peers. also, interesting to note that other hires a few months ago, apple announced they hired google's top a.i. chief. kelly, back to you >> all right, josh, thank you, we'll see what they plan with that >> just under $4 billion a deal. so what has changed? am i saying it correctly yet kourtney reagan has more she's outside of whole foods at manhattan. >> reporter: hey, kelly, you got it amazon owns whole foods and lido is coming. everybody thought it is going to change the grocery chain it is taking amazon a while to make no changes. they did not have lower prices across the store it was just last month they started to offer prime members o f a 10% discount on hundreds of items. half of whole foods stores offer that and prime members are only available right now in 14 cities >> there seems to be some bu

security flaw that could let third parties access the iphone, but not everybody is happy about it josh lipton is in san francisco now with more. hi, josh. >> that's right. so apple is now closing down what it calls a security vulnerability which could impact law enforcement. here's how this works. investigators plug the device, often they use what's called a grade key device into the charging port using specialized software the device extracts information from the phone apple is testing a feature that will disable that capability the indiana state police, for example, unlocked 96 iphones this year using grade key. the captain tells me if they can't now execute warrants, it impacts their ability to take criminals off the street apple responded by saying that a vulnerability like this one is used by good guys but it could be exploited by bad guys so they have to patch it they received more than 14,000 u.s. government requests for information last year alone. it's another chapter really in the story of apple's tensions with law enforcement remember, the fbi back in 2016 wanted apple to write new

josh lipton has the latest railroad >> reporter: we're here at intel headquarters the employees stilling the big news that intel has removed ceo brian krzanich who had a consensual relationship with an employee, that violates company policy the cfo bob swann has been pointed interim ceo. and raising q 2 guide answer krzanich gets credit for a stock price that jumped about 120% under his watch. and that the company has his portfolio of chips that they say is positioned to try to capitalize on the new growth markets that we talk about but for now the street is more focused on the chips for servers. so who could replace crikrzanich one name so watch, intel's chief engineering officer. so he would be an exec well engaged in the growth markets like 5g and internet of things we've reached out to intel the company simply saying that the board has begun their search back to you. >> thank you very much here to dig deeper on the potential ripple effects in board rooms across america, joanne lippman author of that is what she said. and also a brand leadership consultant, author of fusion, how in

quite a move there thank you, josh lipton >>> shares of athena health also went higher today.. that's next. and a big morning coming up on "squawk box" tomorrow. don't miss warren buffett alongside jamie dimon. it's their first-ever tv interview together we're wondering whab are they going to talk about? we'll pick mike's brain about atat still to come th's tomorrow on "squawk box" exclusively at 6:00 a.m. ♪ ♪ legendary jockey vÍctor espinoza is insatiable when it comes to competing. ♪ ♪ so is his horse. ♪ ♪ when it comes to snacking. ♪ ♪ ♪ ♪ that's why he uses the chase mobile app, to pay practically anyone, at any bank. life, lived victor's way. chase. make more of what's yours. >>> johnathan bush is out as ceo of athena health leslie picker has the look >> this comes amid some shocking revelations about bush reports surfaced over the last week and a half showing bush admitting to domestic abuse and making inappropriate comments to female employees meanwhile, management has been trying to get athena health to engage in biotalks for about $7 billion. in a press release today

. >>> welcome back i'm josh lipton.s here on google, cnbc cop fi confirming the cloud chief told employees today that the company will not seek to renew a controversial contract with the department of defense after it expires. remember, google announced it partnered with the pentagon helping it analyze and interpret drone videos via ai, and had a fire storm that resulted with google employees about the ai contract, some resigning upset about the stance on weaponry thousands signed a petition urging them to discontinue the contract, and cnbc, again, confirming with the source that diane green told employees that the company will not seek to renew this controversial contract we reached out to google, they have yet to respond. kelly, back to you >> josh, thank you mike, i wonder if this is the point in which google's internal struggle how liberal the workplace is and the way people feel about the contract with the u.s. government if this is a business issue for them. >> i wonder, you know, obviously, probably not even meas

. >> all right, thanks very much, josh lipton.emember, sergei brynn, russian, did not like how google felt in china, because it reminded him of what it was like when he was little in moscow but eventually it's such a huge market you got to try to get in there in some way. >> that is a huge market also, just kind of low cost in terms of, you know, in the scheme of alphabet not a -- >> jd -- >> yes, exactly, half a billion dollars. also just not being necessarily for jd either. i think the message, the reason alphabet stock was up today, the message of going outside the google walls, partner, get into an area they really lacked in terms of their global breadth for a while. >> and not just investment, but less than a percent. >> jd's so huge. it's stunning how big the giants of china's internet are already. >> but it's stunning because they did have senscensorship th stopped the u.s. innovators from entering initially anyway, we'll move on. e > world cup fever has swept thgold and may be impacting global markets your muscles look goo

i'm josh lipton. brussels is getting ready to hit google as soon as next month for abusing its dominance through android. naltis expected, though they say the size is not know. but they note there could be up to $11 billion. it comes down to how google licenses google has always denied wrongdoing back to >> thank you so much, josh google shares -- alphabet i should say is down a a 1.%. >>> tesla shares sharply higher following positive comments thschedulegoa vote of confidence from shareholders phil lebeau has more on this story. >> we haven't seen shares of tesla at this level you have to go back toearly may. this is the biggest run for a stock in one day since 2016. and all becae of what we saw from tesla last night in term tsz of n of not only the financials, but also the model 3 and the company says they are currently building about 3500 a likely they will be 500it is ithe xt month combine that with the guidance he gave at the begning of the m said we are likely to be gaap profitable in q3, cash f

>>>come back josh lipton has some news on facebook >> we are here at facebook headquarters where the company just announced some new programs to give users more clarity, more insight about the 5ds they are s ads they are seeing as well as who is paying for them sheryl sandberg speaking here today saying the company in her words is deeply committed to transparency and taking steps to put more transparency around what they are doing. so for example they expanded their so-called view ads program. this that allows you to see every ad currently live that a page has run they also talked about this new what they are calling active ads section. so you could actually look at an ad, see where it is running and then report that ad if you think it is bad, if you think that it is violating company policy. of course we all know taking a step back, this is part of the company's broader effort to introduce more accountability, more france parns city on ttrane sharp criticism from investors and lawmakers after the election where millions may have seen ads created by russian-backed trolls sheryl sandb

josh lipton joins us with what to expect on day two >> becky, apple ceo tim cook took the stage outliningthey should be excited about writing apps for the iphone, ipad, and mac. >> we're also happy to announce that this week we're going to achieve another huge milestone the money that developers have earned through the app store will top $100 billion. >> apple unveiled its new mobile software ios 12 which rolls out this fall. it comes with new bells and whistles one, a so-called shortcut app for siri let's say you were heading out surfing it it would tell you about the surf conditions, look up the weather, and eta to the beach apple also unveiled new a rrr software too there's now group video chat accommodating as much as 32 people on facetime and new features to limit screen time urged the iphone maker earlier this year to create software that would help parents limit phone use. so now apple is going to roll out these new tools such as one called screentime that tells users how much time they're spending in apps they use. they can also set time limits on app usage. saying the new tools l