we haven't been talking about apple potential acquisitions for a while. e has this big of tricks that they can use, but they rarely do. apple is not thinking about quarter to quarter. it's -- it's -- but like you said, they miss a number. the stock is not cheap. the stock trading at a high multiple still. so, you know, a 10% move is possible. i'm not thinking that will happen. i've been long in the stock a very long time. yeah, anything can happen. >> colleen, you're looking at ipad sales. no revolutionary ipad, just an h evolutionary one. >> i would be shocked if they went up. they've been on the decline. people are deciding to invest in the larger iphone. it has a bigger screen. the iphone six plus. you're getting into tablet territory there. if you'll buy a tablet or iphone six plus. people will buy that. >> started with the six plus. i couldn't handle it. i went down to the six. now i have the ipad. yeah, i am that person that had to give in with apple, howard. i have an imax. imac. >> i want to get her to the new gold laptop. apple is strong around la

mark: this is what is interesting about apple pay. ple pay is viewed by the payments industry as revolutionary, but it is the most consistent with the existing payment system of any of these new systems. it does not require -- what is surprising is how many things don't change with apple pay. you put in your credit card. emily: are you saying it's not that innovative? mark: it's innovative but in a way that's consistent with the status quo. [laughter] it is very clever. it's very -- i acknowledge what i just said. it's very clever. it is cleverly done. if everyone has a way to pay and all the merchants take it, then it is all great. but until you have universal acceptance on both sides, nobody uses it. it is a network effects problem. apple pay is cleverly calibrated to skip through that to be in alignment with the status quo of payments. credit card companies -- it plugs into the existing system. it inserts apple in the middle of the existing system, which is why they are all so freaked out. bitcoin is the exact inverse of that. bitco

what's interesting about apple. e are concerned about buying this stock, i think you need to start looking at apple almost in some respect as a conglomerate company, we didn't hear that much about apple pay. what happens if it starts to explode going forward? now all the sudden have them penetrating financial services enterprise with ibm, and really pretty astountding the numbers that they're presenting. >> michael, you mentioned you keep taking profits in the stock. what is the company doing that is telling you you should be taking profits? >> we just have a lot of profit and just set a portfolio strategy, just keep carving back from a portfolio strategy. we don't like the upside down v stocks, from 10 to 100, back to 10. >> kevin o'leery said the same thing. >> ting makes sense. you can't have it be too much of your portfolio strategy but we still own the position, it's still an overweight position in our portfolio strategy we'll probably carve a little bit more. every time we carve off stock, it goes up and erases

about am. >> indeed. it's a big day. the apple watch is finally here. customers have been lining up to get a first glimpse of the new product. it's available to preorder today and potential customers can tryon the device at selected apple stores and some high end department shops around the world. the smart watch will only be available for actual purchase on the 24th of april. seema is in london. seema, i mean it's exciting. >> hello. >> what are people saying because the reviews are slightly mixed, no? >> reviews have been mixed. so far we have been speaking to a couple of customers that have been waiting outside to get in. doors just open at 9:00 a.m. to enter the high end department where apple is show casing it's apple watch. there's three different collections. it starts at $349 one. i had an opportunity to wear the $549 apple watch. it's trying to be high fashion. the queen is can it penetrate this highly competitive market? just steps away is rolex, cartier. all the brands you're familiar with. this is apple's attempt to establish a footprint int

emily: so what about apple? i know you are an investor in spotify, there's pandora. dominate streaming? can they continue to dominate music? scooter: i don't know if it's domination. i think that there is enough room for all these platforms, because people want to consume constantly in different ways, and there's so much content coming. emily: you are also a tech investor. you have gotten into tech investing. you've invested in spotify, as i've said, uber, pinterest -- how are you getting into these deals? what attracted you to technology? scooter: because i missed one. when i was in college, facebook launched. and i actually e-mailed the creator of facebook, which was on the contact page. there was one profile per picture and responded with eduardo salverin, who was head of business affairs. "thank you for reaching out." i went back-and-forth with them for four months, saying, "i'm working at so so def, i love to throw parties, i'd love to be involved if there's a way, i could put money into the company." i didn't know what it was going to become. i said we should bu

i don't see anything about the apple watch. my expectation they will start to talk about the apple watch presales, not necessarily in the release. i'm looking for it. they will talk about on the call with analysts. the stock is up a little more than 2% at last glance. shares of apple moving higher in the post-market trading. and again, big beats and especially, guys, that iphone sales, that unit sale, that was a number everyone was looking for. they came in. they didn't disappoint. liz: isn't it interesting? this is another comment from apple. we are off to an exciting start to the june quarter with the launch of apple iwatch. so cheryl predicted that correctly. here come the apple watch comments. yeah, they say they're off to a very, very nice start. in fact they used the word, exciting, david. david: by the way we're getting other figures. they will increase their dividend 11%. that is a big increase in the dividend. we don't know about the cash buyback. we know they have a lot of cash to choose from if they decide to use it f

apple. everyone's talking about the problem apple has. too much cash on hand. >> what are they going to do with the cash? are they going to do a buyback this month? >> we think on april 27th, which is a very pinpointed date, they're going to announce a 10% increase in their dividend at least, and increase their stock buyback from 90 billion to 120 billion, and investors we think are going to welcome this. this is still going to give them plenty of cash left over for m&a and future investments for their big headquarters. they're hiring a lot of people. but a dividend increase of at least 10%, and a stock buyback going from 90 billion to 120 billion. >> you say the 27th. is that the earnings reporting date? is that why? >> exactly. monday the 27th after the close. >> what do you make of -- if you want to say there's been any difficulty in the stock technically, the stock today was below its 50-day. >> that's exactly right. that's why we're adding it to our highest list of what we call our u.s. focus list. for our nearest term highest convic

successful as they are, actually has the opportunity to drive apple watch sales. >> mm-hmm. >> so you'll have a nice add on. the thing to think about here even if you look at the actual selling price for the smartphone being around $660 average apple watch prices most likely will be moved coming in perh higher than that. >> you have a stock price target of about $180 a share which is 35% from current current levels. how do we get there? what does the market have to revalue to take the stock there? >> oh first and foremost i mean apple currently is trading at about 15 ti or so this current year's estimate for earnings. the company is growing their earnings, probably b 2% 20% rate. a price earnings trading to their growth rate. a lot of the discount i think is due to the fact people are concerned about this dependence on the iphone. as we start to see the success of products like an apple watch, as we start to see broader portfolio strength if you will then i think you have it's not unreasonable to see technology stocks trade in line with their earnings growth rate and with a company like apple trading at discount you know this is a

apple stopped talking about the traffic to retail stores explicitly. i guess they could make an exception just to give a flavor. i think it's the average selling price of the iphone that's going to be the big surprise one way or another. we're expecting around 57 million units on the iphone, but there's also this question of inventories. apple expanded the target weeks of inventory for the iphone, but they've still been supply constrained. we saw the numbers last week, saying that apple and samsung are taking a greater share of the premium end of the market than qualcomm expected. unless samsung way outperformed than apple probably outperformed, we're likely to see good numbers tonight. >> the capital return program, investors only have a little bit of recent history, dan, to go off of, buybacks, dividend there. i'm wondering how you see apple positioned as a company to start giving back potentially more capital to shareholders. does that change the conversation for big tech companies that have traditionally shunned these programs? >> well, nobody has

apple. it's off about a buck-and-a-half. people think this is curious. >> right. s really spooking people now should apple be falk. it's had a very big run. don't trade apple. i think there are plenty of reasons oto own apple. we are in a battle between what rick said about the commodities, wauven aetna, it is doing well. you have as to watch retailers which did terribly. there is a trade. if you boy commodity, i seen people think stupid is wood. it's a sign that maybe the dollar has peaked. therefore, you don't need to hide in home depot. aetna is saying you can still hide in the united states and make a lot of money. apple is say,ing, wow, i don't know? >> isn't apple saying who is the incremental buyer? did you see that? i'm looking for it. >> waiting for it. >> a viewer pointed out the margin alibier of apple is apple at this point with that kind of capital return. >> maybe. i don't take i'm sure some people are thinking, this would be a nice leap if i bet on apple 1 twlix. be calm. apple owners be calm. it's not the end of the world. it's the beginning. >> the

going to the global story about apple.e love our iphones, honestly, samsung, in asia it is hugely popular. i would never discount samsung, and a lot of americans love it as well. david: mark, we hear about the new samsung product until time goes by and you realize the service of apple is unbeatable, right? >> let's hope so. mr. cook, i am an apple user, so thank you. samsung looks like it charges a little bit quicker, and a little bit bigger screen. that's the problem with investing in technology is the changes happen so fast. for me, on a land line, i still have a rotary dial. all kidding aside, i don't know a lot about the different phone technology. >> david, david, i can tell you, i have both, babe. i have both. david: todd, quickly, we have literally run out of time? >> i'm switching to samsung, i think they finally caught up to apple. samsung and i'm switching to samsung now. david: thank you, everybody. todd, mark and cheryl, good to see you all. liz: samsung is going to love to hear. that the invention that could b

it's good to talk about apple pay and some of these other initiatives. end of the day the it will trade -- my commentary will focus on that. we provided a lot of clues about the strength of that. at josh mentioned, we're seeing a lot of first-time buyers, a lot of switchers. 245z going to determine whether whether apple goes to 150, 16 or trades south. >> i wonder what somebody like carl icahn or green light does. i don't know. i'm sort of afraid -- i sort of struggle to see how they get the next big -- >> like higher? >> i know. >> the next buyer -- carl has talked about this being a trillion dollar company in market cap. i don't know. i think it opens up that much more. i don't necessarily what you're implying. do you take it off now? >> brian quickly, in temples of -- i don't know if the q&a has started, about you what sort of atmosphere is it? i'm wondering what the skepticism is on wall street. >> i think the skepticism is the stock has run considerably this last quarter. it had an incredible run. these numbers are good, but a lot of that has been b

apple saying it sold more iphones in china than the u.s. for the first time ever. tim cook talked aboutple watch outstripping supply with our own josh lipton saying it's a relatively better problem to have, one we know how to fix. >> i think that why the stock might be trading down now is people feeling how it could possibly get better. 20% of iphone users upgraded to the iphone 6 or an iphone 6 plus, in a relatively short period of time. so replacement is there. when they launch the iphone watch, there's a lot of signals that what's to come. and gave the tv hint on the call. citing changes in media that we can be part of. >> this was a piece of sound that you flagged for us, this is tim cook on the conference call last night. >> i think we're on the early stages of just major, major changes in media. that are going to be really great for consumers and i think apple can be a part of that. >> major, major changes in media, jon. what does he mean? >> i don't know what he means and i don't think it's a good idea to focus too much on that when i've heard tim cook talk about the media area i

apple store, right? wrong. i think you're not thinking big enough. i want you to think about this apple watch. which could be the kind of discretionary item that might land you in the apple store because you have extra money. stretch your mind for a second. i read the reviews. they must be people written by 30s, 40s or 50s. these people are not thinking about the ipod. they aren't thinking about my youngest daughter back then who asked for a second ipod when apple was at 50 before the seven for one stock spotlight. she had a blue one, she needed a pink one for the holidays. i didn't know it was fashion. i have been recommending the stock ever since. if you've seen the watch you know it's the ultimate fashion accessory. the under 25 don't wear watches. how about a device with more than two dozen wrist bands some coming in multiple colors. they are as cool as can be from what you can see from the ads. they are the ultimate present. not for the rich because of these price points but for the middle class feeling a little more flush. how about the present you can get that doesn't cost you an arm an

he didn't know anything about companies when he was a young man. and he took that time away from applere about companies and management than anybody in the world. it took that time away for him to understand what company making was really all about. by the end of his life, when he and brent would talk about companies, he really did know what he was talking about and he succeeded. >> rose: thank you. >> thank you sensual. >> rose: thank you brent. good to on see you. >> good to be here. >> rose: the book is becoming steve jobs, the evolutionary up start into a visionary leader. see you next time. more about this program and other episodes visit us on-line at pbs.org and charlierose.com. captioning sponsored by rose communications captioned by media access group at wgbh access.wgbh.org announcer: a kqed television production. man: it's like holy mother of comfort food. kastner: throw it down. it's noodle crack. patel: you have to be ready for the heart attack on a platter. crowell: okay, i'm the bacon guy. man: oh, i just did a jig every time i dipped into it. man #2: it just completely

he didn't know anything about companies when he was a young man. and he took that time away from applere about companies and management than anybody in the world. it took that time away for him to understand what company making was really all about. by the end of his life, when he and brent would talk about companies, he really did know what he was talking about and he succeeded. >> rose: thank you. >> thank you sensual. >> rose: thank you brent. good to on see you. >> good to be here. >> rose: the book is becoming steve jobs, the evolutionary up start into a visionary leader. see you next time. more about this program and other episodes visit us on-line at pbs.org and charlierose.com. captioning sponsored by rose communications captioned by media access group at wgbh access.wgbh.org >>> this is nightly business report request tyler mathisen and sue gerrera. >> investors hope this important group will be a bright spot for the market. >> payday why the heads of some of the country's biggest companies are taking home even bigger paychecks. >>> why most baby boomers are most definitely no

apple released its second quarter report after the bell looking for a lot of information. iphone sales, and news abouthether china took over sales of the u.s.. we might also get an update on apple pay, and i had had a crummy runs in the last year or so it share buybacks, dividend hikes they may say thing or two about apple want sales. maybe have some numbers since they've been shipping for four days. joining us now is our reporters. what is the number you have no idea they are going to report? >> what they talk about on the apple watch. that is the wildcard. the most important number four apple has always been the iphone. pimm: units more than revenues. >> units is what matters most. cory: why? >> the bigger the installed base gets the more the revenue we will get to enjoy. i think units is what matters this morning for investors ra. >> i completely agree. i think the iphone is most important. given their q2 non-us sales, i think number will transpire. the units -- the revenues go where the units go. cory: is that because you think that what happens over time with the iphone, the average selling price

we have the real reason why apple is about to break out. it's a thing of beauty. >> unless you like hot spots. >> i am so hungry, i could eat a sandwich from a gas station. >> that explains why dining stops have been on fire, except for one, which is about to break out. we'll give you the trade. >> talk about shocking. well, maybe want that shocking, but we'll tell you about the sector that could surprise investors with next week's earnings. the action begins right now. ♪ i'm every woman ♪ it's all in me >>> this part you know. amazon, google, microsoft all rising sharply on earnings and pushing the nasdaq to a record closing high. here's what you may not know, which tech stock will be the next to soar on earnings. let's get into the money and find out with dan. this is a surprising prediction for you. >> it's been a stock i've watched for a long time. it hasn't been because of their forward growth in monthly active users or anything. they have been growing revenues pretty well. they did have some hiccups out of the gate. i think investors

it's about apple pay. it's about the 6 and the 6 plus. and how important this is for apple.ar beyond the watch. so the watch is an afterthought because it's not waterproof, because it's more expensive than most of the other fitness app things you would wear. the wearables. i would say yeah, it's not going to be a big deal but it's a big first step for apple. the second and third iterations they could be big, especially if they're as jon fortt said 199. >> speaking of big steps, coming up, ge's major restructuring of ge capital. the stock one of the portfolio managers sarat's top ten holdings. he'll join us next on the $50 billion buyback. the asset sale and who maybe could be next. plus former medtronics ceo going after billionaire investor nelson peltz reacting to his dupont proposal. bill george will join us live on the half in just a few to explain. plus the final day of our halftime energy summit. is now the time to buy oil stocks? top analyst paul sen ki joins us. plus which big energy deals could be president pipeliin the. back after this. sometimes romantic. there wer

no comment yet from apple about this or a possible fix.h on your own wrist before you buy it. always some little glitch. how can you test for it? >> mama says don't get tattoos. she knew that would happen. >> mama was not thinking about apple watches. >> mama said there would be days like these. >> move on, please. >>> now to orlando. my great state of florida, my home state. >> what is it? >> daredevil nik wallenda at it again. >> he's usually on a tight rope but yesterday he was taken to the top of a massive ferris wheel where he walked about 100 feet. that's not so bad along -- it's a six-inch wide rim. not a big deal for him. he can handle that. no problem. he wasn't wearing any safety equipment. that's what he does. >> there was wind, a bit of gusting but he completed the walk in a few minutes and asked if it was easy. he said nothing's easy when you're 400 feet up in the air. that was not easy. >> he always makes me nervous but he gets it done. >> coming up in the mix," women in the maternity ward confronted with questions not from t

. >> forget the apple watch or iphone we have the reason why apple is about to break out. and it's a thing of beauty. >> unless you like hot -- >> i'm so hungry i could eat a sandwich from the gas station. >> might explain why dining stocks have been on fire. except one. which is about to break out. we'll give you the trade. and talk about shocking. >> i'm edward kimberly. >> maybe not that shocking. we'll tell you about the sector that could surprise investors with next weeks earnings. the action begins right now. >> okay. this part you know, amazon, google, microsoft, all rising sharply on earnings and pushing the nasdaq to record closing highs. here is what you may not know which tech stock will be the next to soar on earnings. let's get in the money and find out and dan, this is a surprising prediction from you. >> well, i mean it's a stock i've been long for a long time twitter. a lot has to do with the fact it hasn't been because of their torrid growth in monthly active users or anything like that. they have been growing revenues well, did have a couple hiccups out o

about what? was it always promoting apple? was it about something -- brent: once he called asking if i had any ideas who would be a good female board of directors for -- female member of the board of directors for apple. he called and asked. sometimes, later on, especially when he got back to apple, he would call me, and i don't think i was the only one got this -- who got this but when he was first thinking about how it -- how to present the ipod, he showed it to me did his usual magic trick with black velvet. we were sitting in the room and he was doing this, and he says this is our new product line. i was trying to figure out how to tell people why this is so different. different than, say, a walkman. he said i just wanted to show it to you and talk about it. so he showed it to me and we played with it for a little bit. it wasn't that revolutionary of an electronic device in a technological sense, but the way it was designed and integrated so it could work with the macintosh to manage the music was ingenious. charlie: that

what gadget lovers have to say after finally getting their >>> wall street wasn't that excited about apple's watch hitting stores today. stock went up a modest 54 cents closing at 127 $10. the new watch drew a crowd at the apple store in palo alto. people can check out all 38 versions. >> i feel like i'm going to be looking down all the time. so i'm nervous about it. but i think apple -- every time they get into something, they really get into it. >> you can place an order for the apple watch but you have to wait a couple of weeks before it arrives and it wasn't just silicon valley that was all abuzz about the apple watch. cbs reporter hannah daniels shows us the customers all around the world were excited to try it on and test it out. >> reporter: paul and his family landed in new york from brussels on thursday. their first stop, the apple store for a look at its new smart watch. >> what's it do that the ipad and iphones don't do? it's nice features. quite intuitive. >> reporter: other smart watches are already on the market. but apple's version is being called the most ambitious. the watch

are going to be very difficult because of that iphone slowdown. >> well, i think what's different about apple now than at the last peak of its cycle is, i'll coin this metaphor, it's like the potpourri in the corner of guy's office, because everything smells nice. >> delicious. >> yes, very nice, by the way. but all of the components work and smell good. so, back to the reality. look, the iwatch doesn't have to nail it, but it has to be a place where it's contributing. the next phase of the iphone cycle's going to drive the stock snort-run, but the ihealth, the ipay, all this stuff is helping for the company. people are looking at the long-term and the short-term. >> i like the overtones you have. but anyway, if you take a look at the stock's performance for the week, it's up 1.33% or so after two downgrades. so, in terms of the price action, it's like, we don't care. investors don't care if it's downgraded. >> you know i've thrown in the towel in terms of trying to trade this thing. let's make that clear. but i've also pointed out this week that what i think the stock is doing, similar to ba

force in in a free economy. >> the force is that major american corporations, we're talking here about apple are saying we think this is bad for business. this is going to hurt our bottom line and that is -- that is why they're measuring these right wing politicians and by the way, jonathan, that dinner invitation you gave me what if i come and the restaurant owner says, i don't want you coming in here with that crazy looking liberal. what am i going to do? oh, well that's jonathan's law. >> let me answer. go down the street, juan. go down the street and it's their law because they don't have juan williams dining at their restaurant. >> there's no precedent to confirm what juan is saying. look, the pizza owner, specific business that we've referenced, they have never denied customers. the focal point of the matter is a reporter had actually heard that that business was a christian business and sought them out. >> quick thought go ahead wayne. >> i just want juan to know he can come over to my house and eat anytime. >> thank you. brother. >> wake up america by the way has become part of the m

apple watch it the mail. it may show up at your very door if you ordered one. we will talk aboute numbers mean around big products from apple -- from apple went " bloomberg west" continues ♪ -- continues. ♪ cory: this is "bloomberg west" where we focus on innovation and the technology in business. the u.s. drone strike accidentally killing an american and italian held hostage in january. president obama says he takes focus possibility for the operation. president obama: it was my directive that this be declassified and is closed publicly. i did so because weinstein and -- because the families deserve to know the truth. and i did so because even if certain aspects of our national security efforts have to remain secret in order to succeed, the united states is a democracy committed to openness in good times and in bad. cory: two double americans linked to the terrorist group were also killed. senate leaders are paring legislation that would extend the government authority to collect telephone data. it would continue the surveillance authority through the end of 2020, otherwise, set

apple watch, is there a sense that the demand is fantastic? is there a sense that it is wait and see? guest: i think it is more aboutl product than fashion accessory. this is the first time apple is using the build-to-order approach and they put that in the delivery date. it looks like they are doing better than what they expected. cory: why do you think that is? shahid: i think the negative view of this is the demand is lower, but i think demand is still consistent with what the forecast. i think it is more about supply chain efficiencies been over delivering on where the promise is and delighting the consumer. cory: is there a sense of where the demand is coming from? we talk about apple fan boys and ordering anything -- but thinking of the analysis over apple, he links it to a phone. he says it is a phone accessory and he is trying to capitalize on the iphone users who want this iphone accessory. tim: you have to have the iphone to use it, so it will drive that. what we are seeing when it was being able to preview in stores, we got mixed response. a lot of stores, nobody was there. i have done inspections on stor

about 7% higher. there's a lot more up side in the apple market and i think they want to play this game. m really encourage and i'm very optimistic about how the market has been reacting when we had such low expectations for earnings. we've come out better than bad and the market likes it and the price action has been very positive. >> let's talk about what you are saying there because the only reason this earning season has been reasonable is because expectations had come down so much so all in all it's not like earnings have been stellar. are they good enough to justify the kind of market moves we saw the back end of last week? >> well, it's a good rule for life. set low expectations. it's always easy to overcome and exceed them. you know if you look at it 70% of the stocks that have reported right now and we're about halfway through if you look at market capitalization in the s&p where we were at about 200 companies reported so far and a lot more this week but you know, the net net is the earnings per share is continuing to come in above expectations. we expect x, if we beat x, the mar

is for $60,000 that's what we're voting on tonight so no teacher maskly gets paid we're talking about apples and oranges this is for $60,000 that's before the board tonight so what i will say is i'm at go it seems like like we've given the principle some guidance that we're concerned with possibly the concentrations of the t f a teachers maybe one or two pools in addition, we're concerned some of our vulnerable students having a larger proportion of less experienced teachers but we need to make that gowns even more explicit and with professional development there is hopefully we're give joins to anyone that is providing professional development to our teachers about what professional development is useful and in and out useful to us i guess i don't thinks the concerns i think that it would be great if we had a teacher certification program that was growing all our teachers that we need in our district but we don't have that and i really am interested in hearing the long-term strategies and i think that i share you know everybody's desire for us to be strengthening our partnerships are sf sta

today on the release of the new apple watch, the company's first new product category in more than five years? there it is. you know about 100 appleholics camped out in front of the one and only u.s. retailer selling the apple watch. let's bring in charlie gasparino, veronica dagher, i was sure that charlie flew out to l.a. to be in the line. >> can't you buy this online? melissa: i think that's the crux of the problem. >> then there's no problem, then. >> you bury the lead. people buy it online you. >> misinterpreted the lead. they get everyone here, they have the hype they have the huge line. >> but they have online hype now. >> it's different, part of waiting in line was part of the excitement and the mystique. they said we don't want to do that anymore to our customers, but maybe she didn't realize that's part of appeal in creating the scarcity effect. they enjoy it. >> i think these guys are homeless. >> by the way, is that not right? >> no. >> when the iphone came out it replaced about 35 different gadgets we used to buy at best buy. the watch doesn't do that. apple is trying to make the case how the watch is neces

apple to the next level. inevitably, you will see i -- iphone sales slowing. betty: what about the apple watch? apple watch does it. i think is the apple watch plus contents, like a newbie streaming service, plus possibly a television. -- like the new beats streaming service, plus possibly a television. i think they need to look more on the software and content side going forward in addition to hardware. anand: that's a great point. one product is not going to cut it. just from the size, $240 billion in fiscal year sales, one product cannot cut it. you need five irons in the fire. you need apple watch and mobile pay and other things like that with large markets and profitable and growing market. betty: and you need them all to hit. anand: you do, and apple has historically proven that. but you need multiple of these. betty: what about the tablet? the refresh cycle on the tablet is not as robust as it is for the iphone. is that something we are not paying enough attention to right now? anand: the pcn computing market, i think everyone is figuring out what the size of the computing market will be

apple is? >> the f. you take about the guy, apple numbers were massive. we talking about a $200 billion stock or share repurchase program and dividend payout, its capital allocation plans are huge. let's put it in perspective to give you a sense of the numbers here. the apple cash pile and investment pile is $194 billion. now, just to put it in perspective, one of the other biggest cash hoarders out there right now is microsoft. they've got $107 billion in cash and investments. and then you've got google at $67 billion. so apple has more cash than microsoft and google combined just to give you an idea of how much cash that is. now, if you talk about the stock buybackses. that's big part of the story but let's talk about the dividend payments as well. over at snp dow jones indices, apple is on an annualized payout basis the biggest dividend payer in america. pay out $12.1 billion a year in dividends. that beats out exxonmobil paying out $11.5 million. they report later this week. and then there's microsoft which pays out about $10.2 billion. important part

apple watch sport. and we have about 36% apple watch and 4% apple watch edition. think it's in line with what we're expecting. i would say this, we have to remember, you know, this data that's being quoted as u.s. data. and we were just over in china last week, and i could tell you that people in china and hong kong are very, very curious about the apple watch. and the price, you know, at the low end 349, u.s., will not prevent people in china from buying. in fact, i think on the apple watch edition, i would not be surprised if they sell more apple watch editions in china, mainly china than anywhere else in the world. i think china's going to end up being the dark horse in this. if you look at lead times in china right now, they're very similar shipment dates in june to what we're seeing in the u.s. market. >> hey brian, the past week, raymond james and stock jen has downgraded it, why would they do that if people were excited and getting into wwdc and the period where capital districts would become a lot more clear? >> i think everyone's always trying to make a c

we will also be talking about the future of education. ♪ cory: i'm cory johnson. this is "bloomberg west." how the appleatch could be a major player in payment. and we will speak to the cast of "game of thrones" about tech. first, a check of your bloomberg top headlines. goldman sachs is giving lloyd blankfein a long-term compensation, $7 million in bonuses to be paid out over eight years. the new bonus brings his total cops to 31 million last year making him the highest-paid u.s. bank ceo. china started using a new tool to disrupt access to foreign websites. researchers at the university of toronto say the deployment of a new system represents a significant escalation of the chinese government possibly firewall of china. this one is nicknamed great canon, and was used in a recent attack. amazon gets approval to test on delivery drones. the faa has given them a waiver for flights as far as 400 feet off the ground and as fast as 100 miles per hour. earlier approvals work for no use because it applied for specific drones which amazon no longer uses. imagine making all your payments with the flick of your

we've been going back and forth about apple, they need a new product category, they need it now, then q4 happened. the new product category went somewhere down here. the apple watch, is it just the fact that they've got one done now and it is the best available? hussein: this is a project they've been working on for a long time. it is not clear to me that this is going to be a remarkably transformative product. when the iphone came out there were a lot of people waiting for a browser to work on this phone. the minute that came out, the lightbulb went off. you look at the apple watch, it almost feels like a gadget. jonathan: the story you touched upon with the iphone, there was always something missing. you would always get it in the next one. what does this hot watch have missing now? hussein: it is very hard to refresh the screen. you can have it constantly refreshing the screen, giving status updates. the limited processor power means that the apps are not going to be world-class. they are going to be somewhat static. jonathan: in terms of expectations what can that watch deliver to

if you think about apple and facebook, they are nowhere near the same brand pool as you, but if you see a real inspired brand, do you discuss it with sergio and the rest of the team and go this is something we need to keep an eye on? >> absolutely. we look at any investment opportunity. we talk to the venture capitalist firms who are invested in it. that is a regular, constant dialogue. of course that is something where we debate on what is the best way to embrace it, rather than to be afraid. manus: thank you so much. we didn't get to philanthropy, but we will later. thank you for taking the time to talk to us. enjoy the day. i'm sure it will be a spirited debate. stay with me there. that is it from the top of the conference center. we will review what he had to say there. there is a challenge for you. ubs do their own thing. they don't necessarily pay top dollar for valuations. back to you in london. jonathan: sounds like there's only one man that needs to behave himself and that is you. the ftse 100 coming off an all-time high. you've got losses on the periphery. here on the dax we a