retrievers because they're less intimidating dom, back to you >> frances, as the owner of two floppy-eared dogs, i like all dogs, pointy or floppy-eared >> all of the above. >>> here comes the fallout from that apple bombshell at least one of the first ones analysts downgrading apple to a neutral rating from a buy from macquaire. they say we're late but we can no longer recommend apple. ourfears about the iphone have been confirmed and the other shoe is about to drop on services growth. they took down their target price by $39, down to $149 per share. >>> coming up next, currencies krau crushed. apple's rare warning hitting the currency market. we'll show you how and why there were the big moves that's aerft we come back on "worldwide exchange.

let's begin with elizabeth shultze and exclusive comments from tim cook. >> good morning. that's right apple's ceo, tim cook, speaking to josh lipton in an interview yesterday. that was after the company announced its revenue guidance, cut for the first quarter, come saying the new forecast is a collection of macro economic and apple xespecific issues. take a listen. >> as we look at what's going on in china, the -- it's clear that the economy began to slow there for the second half. i believe the trade tensions between the united states and china put additional pressure on their economy. we saw things like traffic in our retail stores, traffic in our channel partner stores, reports of the smartphone industry contracting,