so all the a.r.nced today will work on iphones and ipads but that's probably laying the foundation for the a.r. glasses that mark has been reporting on for quite a while that's maybe coming in two or three years. emily: all right, alistair barr, bloomberg tech. and shira ovide, bloomberg opinion. thank you both. google says it will not renew a contract with the defense department that will analyze drone footage. it caps a debate within the company whether to use a.i. to itary. it could limit google's chances winning future contracts from the pentagon. it's lobbying for two d.o.d. contracts worth $18 billion. and that does it for this edition of "bloomberg technology." on tomorrow's show, we will be speaking with mandy ginsberg, c.e.o. of match group. that's all for now. this is bloomberg. ♪ . x this is bloomberg daybreak middle east. increasing optimism. the s&p 500 closes at an almost 12 week high. the nasdaq hits a record as investors set aside protectionist fears. commodities crumble as trade keyi

how popular is a.r. and some analysay they have not lived up to the expectations e a lot of estimates there and how big it could be? a.r. revenues could hit 90 billion by 2022. not hardo understand why these developers are so excited about this >> i want to ask you, the new ios 12 older phones faster. those upgrades did exactly the opposite to older phones >> reporter: yes, it sounded like they're saying that this ios is going to manage power a little bit better and managing how quickly they can wrap up and down and of course, that was an issue that we all heard with prior updates that it was a technical challenge there. we had to take technical steps because if we did not manage the power effectively, phones are going to shut down ios 12 is going to address that concern and managing the power up and down a little bit more effectively. >> josh, thanks for that >> here is boeing higher today >> bitcoin is not up today we'll tell you all about the big deal that's lifting the stock. another report of a dog

mark: so a.r. is a big part of their future, today we saw a multiplayer a.r.ome three-dimensional features. a neew app so you can measure things in space in your own home. we will soon see a headset, and they are also using the camera he iphone and ipad as a big part of that. this was a really big tease of the future of the company in terms of a.r. hardware. haidi: thank you so much, mark gurman with the latest on what to expect from apple. and next, we are talking about why -- does not see any movement -- with decision day not expected to move today, at least. this is bloomberg. ♪ haidi: i'm haidi lun. ramy: i'm ramy inocencio. you are watching "daybreak australia." central banks making headlines today, jay powell facing criticism. the head of the central bank in powell --ng that jay the rate decision coming up in australia in a few hours. not pulling any punches. >> you make a point. when you put in article, an op-ed in the financial times, exactly what he did, basically saying one big reason why emerging markets have been in turmoil is because of the fed. t

they go together. >> pastor a.r.cultural center, mega church in brooklyn, thank you for joining us on this father's day. >>> in the next hour, david gura speaks with former homeland security secretary jeh johnson. alice is living with metastatic breast cancer, which is breast cancer that has spread to other parts of her body. she's also taking prescription ibrance with an aromatase inhibitor, which is for postmenopausal women with hormone receptor-positive her2- metastatic breast cancer as the first hormonal based therapy. ibrance plus letrozole was significantly more effective at delaying disease progression versus letrozole. patients taking ibrance can develop low white blood cell counts, which may cause serious infections that can lead to death. before taking ibrance, tell your doctor if you have fever, chills, or other signs of infection, liver or kidney problems, are pregnant, breastfeeding, or plan to become pregnant. common side effects include low red blood cell and low platelet counts, infections, tiredness,

they're a leader they have the best a.r. platform we saw some great demos yesterday.know, i think apple is the most underappreciated stock in the world right now >> is part of your -- >> continue to like apple. >> is part of your premise on this stock that it's finally going to get some kind of software multiple instead of the hardware multiple? i mean, 13 times isn't very expensive, and yet the market has never given apple a big multiple i don't know why not, but it doesn't. >> exactly right so, you know, behind the scenes, i think we're going to see this multiple improve, and a lot of times, we talk about the sugar water companies, they've grown 1% a year, you know, apple's grown in the teens over the past five years in terms of eps and s so i think -- and warrent 20 buffett getting involved in apple, it's telling you something here, right? i think this -- this stock will be revalued. it's not going to grow like it did, you know, eight years ago, six years ago. but i think they can deliver 10 to 15% type eps growth and i think for that with -- as important as they a

i will also remind you of another person i think so very highly of is pastor a.r.t. a few weeks ago he tweeted you cannot have the kingdom of god without the government of god. i think that's really important. our government has laws and our laws must be applied equally and across the board, and that's what we're doing. i think it's important that we look at this also from the legal standpoint, and this is something zero tolerance policy is what this president promised. >> there may be a distinction with the children of god. i have to say that as the first we said pastor. there's a difference between being a pastor and the president or the attorney general. that's your job. i want to say this. you say this is a moral atrocity. he read from romans 13. it's been used to justify slavery. did they not learn a lesson from that? >> we're on dangerous ground when we begin to experience what is symptomatic of a politically co-oped gospel and christian lens that that is coming through. he couldn't be quoting from scripture. we can make the scripture say anything we want and

it is a.i., it is a.r. and obviously the cloud.is where he was pushing that's what they have become and they have really been focusing as woenl the services. but secondly the attractive valuation of the company by the way they have been buying back stock and in the last decade they have taken back 18% of the outstanding shares of their stock. so they are taking care of all the people willing to own the company. and by the way, the dividend has been very strong as well that is just a little bonus on top of that. valuation forward 24, all of what i'm looking at right now i think is really great. but the best one is free cash flow $33 billion a year that's incredible. when you look at this company you do see some debt on the books. that is because they have made some acquisitions so i'm not worried about that whatsoever because that is going to be part of the company itself and when you look at that cash flow it really is meaningless at this point in time. the cloud growth we talk about growth all the time you have got to have growth.

other aspects of a.r.re there to simply get out there and really start developing in this 3d environment. >> dagen: i notice the custom series short cuts which, again, apple has been criticized for lagging behind alexa a from amazon and google's assistant. what's the biggest thing, the most important thing, you were there, that you saw yesterday, before we go. >> most important thing, i think they have a lot of catch-up to do with siri. even the face time thing i thought was a profound move for apple. they're going to allow up to 32 people to be in a face time video call at one moment. and the way that it works is really genius. so that whoever is talking on this conference call, tir image comes up and gets bigger on the screen for everyone who is on the call. it's super smart. it's a move for apple to start getting business conference calls to be taking facebook seriously and use that platform for that. we could list a lit niany of announcements for what's coming up for appl apple. >> dagen: great to see

we know a.r. and v.r. are coming up fast. there's a cooling of excitement around facebook. the reason they stepped it up on instagram, but they have to teach the world to want to spend money as much as teens want to spend time on snap it's not a new story, but one they'll get right eventually, but admittedly, though, not yet. >> max, he said innovators win in the enof the that's true when the innovations are covered by patents. >> well, best quote on this comes from john maynard from your side of the pond -- >> heard of him. >> yes, most of us have. be solvent until you are right i think he's correct on that, but the market has to decide that what's cool and what the teens are doing, and we should remember easy to dump on snap here, but 41-plus percent of millennials are on there every day for 30 minutes we have to see the advertisers get convinced and catch up to where the time spend is. i think that's more compelling to me on the bull side, but the advertising dollars eventually go where the eyeballs are, a better story than innovators who ultimately win that's probably t