emily: i do want to talk to you about apple today. we have a story out about apple pay. m cook said it would be the year of apple pay, and yet it's not seeing a lot of adoptions by retailers and also consumers. what is going wrong? do we just need to give apple some time? >> i don't think this is a problem unique to apple. i think mobile payments thus far, the hype hasn't matched with reality. a big part of it is, taking out a debit card and having it swiped at starbucks is not a difficult thing to do. the idea of taking out a phone, putting your thumb print over the thing, and having it work is a little bit of a cumbersome process. you see it coming to apple watch, and so there are other elements to it that, maybe over time, some of that friction will deteriorate. right now, it's not making much of a dent in the way people make payments. where it's doing well is when somebody is downloading an app and you can make a digital purchase. emily: john, i want to talk to about what you are working on right now. your cofounder and ceo david steinberg is also with us. this is att

deirdre bolton talks about apple pay's year. rted out like gangbusters then it kind of slowed up, didn't it? >> it did, david, the apple watch was supposed to be the link. that was supposed to be the item, the device got all of us to use apple pay. not only is apple not really taking off as many had expected, it is a pretty crowded space when you look at these mobile payment wallets so to speak. in fact chase coming out today with chase pay. this will compete directly not only with apple but also with google and samsung. proves there is a lot of players in there. with chase pay you can use in store, online, in the chase app. for people who are in the northeast, this is pretty powerful platform. just one more of apple's businesses facing increased competition. david? david: deirdre, a lot to chew on for your show coming up in ten minutes. "risk & reward" will be here at 5:00. >>> all roads lead to apple. rumors of the tech giant joining the auto world are getting louder. we heard our panel weigh in. we have more specifics what tim

going to bewe are talking about apple earnings for whole hour basically. what you looking for, and don't say the iphone number. david: i would save more impressive news from china. apple is becoming a chinese company, basically. the fact that they have doubled their estimates in china the past year is kind of incredible. i think they will continue to do extraordinarily well. i don't think the iphone is doing anything besides continuing to roar ahead. they probably won't tell us much about the watch, but if they did it will be a sorry story. scarlet: is apple a proxy for the aspirational chinese consumer, kind of like copper? david: i think that is a great point. it's amazing how many copycat smartphone makers there are in china that the chinese aspirational customers almost without question preferred the apple iphone. it is a much higher status product they are even then it is here. different shades of gold, really designed primarily for the chinese market where that sort of thing really matters to people. [indiscernible] david: it is the new red one that t

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

remember, we can talk about apple pay or apple music, but the end of the day, this is an iphone company. it is the iphone that generates the bulk of this company's sales. some investors and certainly some analysts on wall street concerned about whether apple can meaningfully grow iphone units in the quarters ahead. a maturing smartphone market, a slowing china and certainly tough comps. i did have a chance it 0 speak to apple's ceo tim cook. he remains confident and knows that more people than ever are switching over from google's and groid and he notes 70% of the install base is on the iphone 5 base or earlier. that implies a lot of potential upgrade headroom. i'm josh lipton in cupertino, california. >> so let's turn to our guest, david garrity to talk more about what lies ahead for apple and what it may mean are for you and his money. he's principal of gva research. good to see you. welcome. >> thank you very much. >> let's talk about this report. were you as impressed as those who traded the stock in after hours were? >> well, certainly we had a lot of investor concern about china g

so people need to start thinking differently about apple. especially as you see the competitors really collapsing by the wayside. >> it seems that people are thinking about apple and maybe even rerating the stock and so that eight times multiple might be now appropriate. it is coming off what was a record weekend for sales and that didn't do anything but move the stock lower on the week. underperforming the market. so i guess as an analyst, brian, when do you think -- is it going to be fourth quarter results that we're waiting for at this point? >> yeah, i think people want clarity on what is happening in china. i think that is the most important. i was in china a couple of weeks ago. we'll go a couple of weeks down the road here. and apple fever is alive and well there. so i have no concerns. and like we talked about before, think about what people are missing in china is that apple, number one, captured the top share in china in the march quarter which is amazing since they don't have a low-end smartphone and the tier five cities don't hav

we'll we're obsessing about apple. crude fell 2%. transportation stocks got whacked, all as investors weigh what could come out of tome's fed statements. are we too kplcomplacent here? >> i think we are. i think anyone is nervous that they could say anything hawkish. and they are dovish whether there is nothing going on. i think that is problem what we get here. but i'm of the belief that one of the reasons the market is struggling because people realize that the market is bigger than they realize and the volatility is picking up today -- >> could she pull rank and say we'll raise rates in december unless there is a further deterioration. >> they don't have to have a conference. they will watch conditions and see how they change. but can she make a statement that is hawkish, yes. >> why would she. why back herself into a corner. >> because she won't do anything, eventually. what i said is the fed when there is nothing to do or easiest to do, they can be hawkish. when it is time to act, they do nothing. and that is easy to do right no

. >> the new movie about apple's founder goes nationwide. >> good moviegoers think different about steve jobs? the weekend box office numbers are c [majestic music] [majestic music] odysseo by cavalia opens november 19th under the white big top at at&t park. tickets available at cavalia.net. >>> you hear that? >> yes, i do. >> the sound of music filling san francisco, join us tonight on kofy tv 20. what is behind the day of free sound in the city. >> sounds bet when it's free. an iconic picture of the vietnam war. tonight at 11:00, here on channel 7, that goal more than 40 years later and her new chance of healing the pain. that's tonight at 11:00. >> a batch of new releases at the box office were big flops. disappointing because includes a new movie about the found over apple. >> steve jobs earned just $7 million this weekend, reclaiming the top spot, the martian, starring matt damon stranded on the red planet. >> goose bumps was second. followed by bridge of spies. and the last witch hunter is fourth, and then hotel transylvania two. bill measure's rock the cass kaz beau -- the hollow

. >> the new movie about apple's founder goes nationwide. >> good moviegoers think different about steve jobs? the weekend box office numbers are coming up >>> you hear that? >> yes, i do. >> the sound of music filling san francisco, join us tonight on kofy tv 20. what is behind the day of free sound in the city. >> sounds bet when it's free. an iconic picture of the vietnam war. tonight at 11:00, here on channel 7, that goal more than 40 years later and her new chance of healing the pain. that's tonight at 11:00. >> a batch of new releases at the box office were big flops. disappointing because includes a new movie about the found over apple. >> steve jobs earned just $7 million this weekend, reclaiming the top spot, the martian, starring matt damon stranded on the red planet. >> goose bumps was second. followed by bridge of spies. and the last witch hunter is fourth, and then hotel transylvania two. bill measure's rock the cass kaz beau -- the hollow gram, not -- >> shu's favorite. i copy it. ♪ ♪music continues [announcer] everyone works hard for a reason. working together,we can help

apple. you are talking about a $30 trading range. one month period between july and august, apple had a $29 move. 29 out of the 30 dollars occurring in a four-week time. that's just the unraveling of money managers who had apple at a significant overweight. i agree with all the comments here, and i think the question becomes when does apple move back to an overweight status once again? if it goes down to 105, everyone in the world is going to tell you it's a buy down here. it's phenomenal. you're not worried about the down slide. you're worried about when momentum is going to reaccelerate. it might not happen today. it might happen in the next quarter. it will happen once again. history has shown that it will. if it doesn't happen today, what's the option activity telling us about what could happen after the bell? >> all right. well, first of all, it's pricing at about a 6% move between today and friday. that's what's pricing in what the straddle basically had the numbers we looked at just before the show. to your point, scott, about

i think this is an apple specific story that we're talking about here with apple. it's whether or not the 3-d touch as they call it and all these other things are enough to get people to upgrade. we knew they had tough comps coming in with the 6 on the popularity of that. prosecute what we're hearing the 6s is not going to basically exceed those numbers so we'll have to see how far into the middle or lower end of the estimates it is. >> so speaking of the rally, emerging markets are on their best sixth day winning streak in something like since 2011. anything to believe in or no? >> i guess the first thing i would say is this reversal makes sense, right? august and september, the market and emerging markets, you're already pricing close to a crisis. wronk we're in a crisis. we're in a growth recession. >> are we heading towards a crisis or not? >> i don't think so. having said that, i don't believe the current valuation is enough on its own to be a catalyst for a long-term rally. for that you need to see growth to pick up and earnings revisions to start turning pos

. >>> the new movie about apple's founder goes nationwide. >> did movie goers think >>> flames engulfrari. >>> and an iconic picture of the vietnam war. the little girl's new chance of healing 40 years later. >>> a batch of new releases at the box office big flop including a new movie about the founder of apple. >> steve jobs earned $7 million reclaiming the top spot in the fourthth weekend. . >> bridge of spies. the last witch hunter and hotel transylvania 2. >>> that's it. >>> that's it. >> thanks for ♪ it's the michelle meow show, your a to z covering the lgbt, lmnop, and everyone in between. ♪♪ here's michelle meow. welcome. thank you so much for joining me tonight. i am so excited about tonight's show. we have great interviews, touching on two cases of discrimination that impact the lesbian community. so, we have interviews with ellen page and julianne moore about their new film, "freeheld". and we also have a new interview with terry mutchler, who is a former ap bureau chief who had a secret relationship with a state senator in the early '90s. so, yeah, we have a great show. bef

apple buying beats? is that something that you think about? tim: with apple, a smart company.hink you know what they are doing. emily: beats music will be relaunched this summer. maybe a new name. how worried are you? tim: we have not lacked competition for a long time. i keep learning year after year, building a great business is -- playlist is fantastically hard to do. we find, over time, more and more confidence in the differentiation we have. emily: did you ever meet steve jobs? tim: yeah, i did. emily: did you talk to him about the future of music? tim: we said two words to each other. we had the great honor to be on stage at cupertino when they were talking about multitasking on the iphone and wanted pandora to be highlighted. myself and my ceo were part of the presentation. tom and i spent a week in a room rehearsing a three-minute presentation, and we were kept under lock and key and escorted in and out of the building. we had to rehearse the talk many, many times for a successively smaller and smaller group of executives, until the final comes up. he did say "good job

when you're close to something, every movie i've seen about apple, they have the same people and theirersonalities are wrong. wese are not the things would have done and after a while, you realize it's the artistic freedom to make a movie that is enjoyable. said there aree a lot of things in this movie that didn't actually happen. steve: maybe everything in the movie didn't happen but it's all based on things that did happen. in, i wase that i am not talking to steve jobs at those events. they were based upon things -- examplesle, there were of me saying please acknowledge the apple to for 15 years -- like i would do that eschew mark that was based on one shareholders meeting. the people in the apple ii division were ready to quit. but on their behalf, i was there only voice. i called john, not the jobs. things really get built into a movie. there are myths about me and steve jobs in those come out more along the lines of the myth and not reality. emily: what is the myth and not the reality? so gung ho for every project he introduced. i thought they were good because they came from ste

emily: you must be talking about apple. michael: we are not planning to get into the mobile phone business. emily: you took this company private two years ago. is there one thing you miss about being a public company? michael: no. i am sorry, there is nothing i miss about being a public company. it is so much easier to operate a private company. i will point to couple of things. dell with our customers a survey. our net promoters scores are at the highest they have ever been in our company's history. we also do an employee survey across all of our 100,000 team members. dell.called tell those scores are at the highest years weer in the 15 have been doing this. when you lineup the investments we are making, innovation, rmb, with our leadership and ownership and they are completely aligned and there are no disgruntled activist shareholder's telling the company what to do, it is extremely powerful. our people are very energized. emily: what do you think of the carl icahn's of the world? michael: there is a role to play for activ

apple has not given us any numbers. i don't expect that to change today. i do think what cory said about this upcoming quarter being an important quarter is it -- is completely true. apple tv went on sale monday and ships later this week. we will see the ipad pro coming in the next couple of weeks. it will also be the first holiday season where the apple watch has been for sale. i think all of these forces coming together, apple stands to have either a huge success or a dramatic failure in the next few weeks. betty: i thought the forecast was, no matter what, they will be able to match the numbers they had last holiday, right? cory: that is the point. the other thing that is going to be important is gross margin cared it is not just the new parts for apple. iphone oral six plus come with your number margins. the sales of the older devices could show gross margins changing. a rebound in margins might have higherr phones margins and that means more profit for apple. betty: what about the ipad? is it so important? i think the ipad is still important. let cory said, the margins on things lik

apple today, and tim? chamath: we have used that company. we have been running an internal public equity fund for while. and whenever we think aboutolding cash, we actually hold apple. for us, it is sort of like the equity of last resort. so, we think that is going to be there forever. my biggest thing is how do you grow as a $500 billion company to $1 trillion or more? you have to attack multi-hundred billion dollars segments of the economy. when i heard that apple is trying to build a car, i was so excited because you're talking about them redefining transport along with elon and tesla. a.i. it is so interesting now again for me to be an equity holder and that company. emily: so it is not a milquetoast ceo, tim cook today. chamath: i said that not knowing him. i apologize to tim. i got the clicks. i think those guys are slowly doing the work that is necessary. they have a shot of not going through an emc trajectory emily: i want to ask you about something else. the two biggest companies -- are in the crosshairs of the sec. fanduel and draft kings have been facing questions over how much internal data employees have access to and

the reason we talk about apple and twitter, often they are a barometer, certainly apple's case in the general economy. in fact ashs lot of people invest in apple because it's a mutual fund because it has so many ek eclectic holdings. i have to stress, this is only the apple world where news like this would be considered disappointing. sales to greater china, which includes hong kong and taiwan, this is referring to that region, they rose 99% in this quarter to $12.5 billion. but sales declined slightly from the prior quarter, that was a period in which the rest of the chinese smartphone sales were busy selling and apparently slowed. so 99% growth in china not good enough. why wasn't it 100? something like that. the stock is still up a little bit under 3% in the after hours trading. art hogan knows the guys and what gets them to do what they do, buy what they buy, sell what they sell. monica and larry are joining us as well. art, what is going on here? this is quickly interpreted as okay, not off the charts, but a lot of that looks pretty off the charts to me. what am i missing? >> yea

. >> dozens have been without phil: mike and i were just reminiscing about apple picking. mike: bring me some of those. finally starting to feel a little cool out there. if you like apple picking should be happening. this is in a kind of upwards and downwards forecast. today was cooler, 10 degrees cooler in boston. remember last month at this time? we were way warmer. october is running on the cold side. you look at there and you have that sunshine and that is what makes the whole world different. the easterly wind is pumping the cool air in. beverly is that it is six degrees, but you head over to pittsburgh, 65. it depends on where you are in place and to that brees. the cape in the 50' s, but inland in the mid 60' s in norwood right now. the pollen count is manageable. if you are suffering from any kind of runny nose or scratchy throat, might want to be checking into it. it might be a fall cold , a lot of that going on right now. there is this storm system right there. you will notice it sucks everything into it. tomorrow, we will be back up around 70 degrees. behind it,

apple. he says he's going to see the movie tonight. you spoke with him about his thoughts on the film. know he's been time was aaron sorkin. what did was the act -- what it steve wozniak tell you? >> i have spoken to him a few times since the first trailer came out. there are a bunch of people that worked with steve jobs, that worked at apple, they consulted on the film. he is one of them. he feels it correctly portrays the character of steve jobs, if you will. he will agree with others who of this is not a documentary the creation of apple as we know it today. it is sort of a three-part film based on the launches of three iconic mac products. a lot of it is not true, apparently. he does nott mean recognize the steve jobs michael fassbender plays. emily: i'm excited to see it. thank you for joining us, our bloomberg entertainment news reporter. coming up, we sit down with the man aiming to crop fund a mission to the south pole -- crowd fund a mission to the south pole of the moon. why? that story next. ♪ we recap this week in space, starting on pluto. nasa's new spacecraft is still sen

emy: i do want to ask about apple because i love hearing your thohts on apple. you are here with your new rose gold iphone. i also have a rose gold iphone. i'm surprised to s you in one. you came outwo years ago wi this controversial op-ed saying steve jobs would have and should have bought tesla. and tim cook is "lquetoast, saying nothing, unspiring tweaker ceo." chamath: that w probably a little over the top. ow that we know that apple is proceeding on his plans to make cars. chamath:so exciting. emily: what is your view on apple day, and tim? chamath: we have used th company. we have been running an internal public equity fund for while. and whenever we think about holding cash we actually hold ple. for us, it is sort olike the equity of st resort. so, we think that is going to be there forever. m biggest thing is how do you grow as $500 billion coany to $1 trillionr more? you have a.i. it is so interesting now again for me to be an equity holder and that company. emily: so it is not a milquetoast ceo, tim cook today. chamath: i said that not knowing him. i a

apple. he says he's going to see the movie tonight. you actually spoke with him about thoughts on the film. i know he spent time with aaron sorkin. what did wozniak tell you? guest: i have spoken to him a few times since the first trailer came out. there are a bunch of people that worked with steve jobs, that worked at apple, that consulted on this film, and he is one of them. he feels it correctly portrays the character of steve jobs, if you will. he will agree with others who say this is not a documentary of the creation of apple as we know it today. it is sort of a three-part film, behind the scenes on the launches of three iconic mac products. a lot of it is not true, apparently. that does not mean he does not recognize the steve jobs michael fassbender plays. emily: i'm excited to see it. thank you for joining us, our bloomberg entertainment news reporter. coming up, we sit down with the man aiming to crowdfund a mission to the south pole of the moon. why? that story next. ♪ emily: in today's edition of "out of this world," we recap this week in space, starting on

when you're close to something, a movie, every movie i have seen about apple, they hop -- have all thesecenes, people's personalities are wrong. after a while, you realize it's the artistic freedom to make a movie that is enjoyable. emily: some have said there are a lot of things in this movie that didn't actually happen. would you say that? steve: maybe everything in the movie didn't happen but it's all based on things that did happen. everything i say, everything i am in i was not talking to steve , jobs at those events. i don't say things like that. they were based upon things, for example, there are parts of me saying, steve, pleasing knowledge the apple ii team for 15 years through the movie. like i would do that? it is based on, there was one shareholders meeting. they did not mention the apple ii. the people in the division were ready to quit. on their behalf, i was there only voice. so i called john, not steve jobs. things get built into a movie in certain ways. there are myths about me and steve jobs and our relationship. those come out in the movie more along the lines of the m

is there something interesting here how apple might reposition itself now that it can no longer legitimately claim to be the underdog in just about anything? >> i think it's been a long time since apple has been the underdog. i think what it is now is it's a company that is so attractive to people who own the products that you have this connection with the apple products that you just don't want to give up. so i don't think they talk about being an underdog anymore. i think now they talk about the greatness of their products and how people are connected to them. the trick for apple is they have to come up with another one of those emotional connection products next time around. >> speaking of emotional connections, what did you think of the steve jobs movie? you were played, of course -- you were in that. sarah snook playing the character there. what did you think of the movie overall before perhaps we get to the portrayal of steve himself? >> sure. i actually really look the movie a lot. i thought it was an excellent character study of a complex person. it took his emotional range all the way from rage on the one side to tendern

apple? >> tomorrow. >> i'm about to talk about apple. >> you are? >> because i don't -- i'm torn. m split. i think it's going to be very interesting because we'll see a lot about china. >> you want to -- >> but do you think he already allayed fears about china? >> who. >> -- by saying china sales are stronger? >> yes, but he has to back it up. >> if they aren't strong, there will be a real problem. >> there will be a real problem. >> tech has done well? >> yeah. >> tech has been doing well. the market's back to 17.6. >> i no he. >> on the dow. >> it's done nothing but go up since it looked like the economy was leaking. >> right. meaning that you think it's still because -- >> no. if the fed had raised, the dollar on euro is back to 1.11 because everybody else is easing zblen right. >> if we had raised -- i think they knew everybody else was going to do another round. if we had raised we'd be at 107. >> that means you can't raise this week, you probably can't raise in december. >> did you see this the first time the profits and sales are going to show a quarterly decline -- >> yes.

>> what did i learn about apple? that it's run by human beings it's not some corporate entity that just -- that people like john scully are -- they are not clichÉ that you would think out there, what a corporate guy is. they have strengths, they have weaknesses, they have feelings, they have emotions and that was what was school about sculley is that he cared about steve jobs as a person chased his creative genius but tried to steer t it was fun to play john the strengths and emotional weakness that he ended up having to go through because of what happened. >> sculley was brought in to be the adult in the room for the company at that time in the company's listly but he ended up being the bad guy because he forced steve jobs out. do you play a villain in this movie? how do you portray him. >> no he is not a villain. the trick to playing anybody is they are never the villain. sometimes you play a villain and he is going to kill somebody okay, goat get t but like a sculley, what he did was what he thought was best at th

up on that plan, that will raise overall apple revenue by about 3%. a lot of numbers there. the big take is this, as we thinksbout ways or apple about ways they can grow their business, speeding up the pace they can upgrade is probably the biggest factor. they are throwing their hat into the game. probably the carriers are not as happy about that. that will be a good trend to watch. it looks like 20% of people are taking apple up on that. apple sells the phone. i'm forgetting the bank that finances it. they don't hold on the phones, they seldom. the -- sell them. cory: that's clever. it's a way to use their balance sheet without having to put the cash to work. it is sitting in the background. gene: exactly. one other piece to this is that some of the carriers over the past year have been offering similar types of plants. -- plans. the problem is consumers get frustrated and they don't trust a lot of carriers. carol: later this afternoon we got a headline. gene: it is interesting to see how this will play out. it seems like monopolistic behavior. from a

emily: there has always been simmering talk about apple and pandora. why doesn't apple buy pandora?le try to buy pandora? tim: we don't comment on things like that, of course. i look at them as this incredible partner. stepping back, they sort of invented this field we benefit from. emily: spotify just raised $400 million out of an $8.5 billion valuation. spotify is focused on subscriptions, pandora is more focused on ads. what you think about that comparison? tim: we stick to our knitting. this is an exciting business with drama and news. the best we can do is stay focused on what we do. we have figured out how to monetize internet radio, which no one else has. we have hundreds of sellers in 50 markets around the country who are now penetrated into local advertising. in the long run, that kind of foundation is how you build a really big business over the years. emily: do you think people do not want to pay for music? tim: i think people will absolutely. there will always be a large number of people who want to listen to music without advertising and are willing to subsidize that. i

apple was asleep. it was in the long dirt nap for the last month or so, going sideways and all of a sudden it wakes up and rallies 7%. so when you think about earnings next week, and apple, could that stock have a huge gap, 6, 7, 8%, it could and that could make you nervous here in either direction, is my guess. >> you are seeing troubling signs in the charts. >> in the sense there is so much exploitation. and maybe one or two left and that would answer it. but let's figure it out together. so i have a two-panel chart. and this is the setup that is the consternation of the active manager and for many market participants. top is the composite and we are within a fraction of making the all-time high. but for the past 16 or 17 months, the number of stocks themselves advancing, that is where the advance decline is in very simple language, is not progressing. and this is a function of great leaders like google and apple, carrying the weight for other players on team. 2700 players that are not participating. another way to look at it is this -- so here is the nasdaq on the top and on the top again. and this is the number of stocks that are making

we're talking about apple. they come out with their earnings tomorrow.nd later on this week you've got oil giants like chevron and exxon, both reporting their numbers as well. there are a lot of possibilities for catalysts that could make that a volatile week. for "nightly business report" i'm dominick chu here at the new york stock exchange. >>> and china is always a challenge for the market since the health of the world's second largest economy trickles through the global financial markets. this week china's leaders will map out the country's five-year economic reform plan. in beijing eunice yoon tells us what to expect. >> reporter: the leaders of the chinese communist party are gathering in beijing this week to discuss and set a social economic agenda for the next five years. the four-day conference is likely going to be an opportunity for the leaders to reassure investors that they're committed to structural reforms. with the economy slowing down there have been increasing concerns that the leaders here are backing away from reforms that could set t

it's not that big an opportunity for apple. >> we want to continue this conversation. joining us to talk aboutwhat's left for apple good morning -- >> >> good afternoon. >> it is but i host a morning show so it's complicated. ed, you look at these numbers and when you think about the valuation of this company it doesn't make sense to the debate we just had. >> i followed the debate, i agree with everyone and i also disagree with everyone. i think for apple expectations are always super high for them, right? they're meeting expectations, it's a good thing, everyone wants to see them beat of course that's why the stock is doing 3%, it's nice up but not crazy up necessarily. i think we're talking about all these other ancillary products, ipad and apple tv and the other categories you pointed out a lot of media sales there, it's really -- these are all sideshows, it's a one product company, it's an iphone company. iphone sales were more or less in line. more interestingly their expectation for the current quarter for the holiday quarter which is supposed to be the big, big one, it's in line with e

particularly with apple, i think they go in a different direction. they don't care as much abouthe human or social elements. i just want to be clear about this, though -- i don't think twitter should sell to them. there is literally unlimited potential in what twitter can build to get to a few hundred more million people. if they do that, the stock will be trading in the $70's, $80's, and $90's. that is why i am not campaigning privately or publicly for it to be sold. if the board stops believing that at any point, i don't see anybody on the board that would block that sale to someone who think they can do a better job of it. i think sometimes when of the founder is still running the company, people just defer to their judgment. i think you are allowed to be weirder and a bit more eccentric. people are just like oh, that guy, he is in the future. i think because dick doesn't have the benefit of being the founder, and people don't give him that benefit of the doubt by default. emily: what if some of the things you suggest don't happen? chris: if they do not happen, the company wil

he also tweeted about the apple watch saying the function thatty isn't compelling yet.be. >>> there are rumors amazon will open its first brick and moe tar star. >> paper sites an online newsletter that they all open a store at a mall in seattle. >> the department that issues licenses in seattle shows an bookstore. but no, ma'am businesses with those names have registered a license in that state. >>> rumors are bubbling up that pepsi will release its own smart phone in china. >> there is a photo out of a phone showing up on a chinese website. the website mechanics obi picker says it appears the pepsi p1 phone will be released next week. it will cost about $200. >> it has front and back cameras and 5.5-inch display. no word if this phone will ever be released in the united states. >>> time is 8:26. we are still following a story that has effected thousands of airline travelers. the technical glitch is over. coming up next how things are going for bay area fliers. >> and we're along pier 39 in san francisco. there is a viral video making its way on the internet of a great

about apple. worried about is consumer electronics on one product only. the iteration -- i bought that for my family, and all of my kids dumped it after 60 days. >> apple radio. i said to my son, treor, hey, listen, you're getting an account for free. he said i don't care. i'm going back to spotify. this sucks. >> i've never heard that said. >> i don't know if you agree, i have been an apple fanatic since 1982. apple has to stop upgrading the software every three months. every time -- >> it's unusable now. >> every time i click on my music, it sends me to radio. >> an 18-year-old engineer that writes his own doesn't like this. that's bad. >> anybody else notice their iphone has slowed down? >> what's going? >> am i the only one? >> can i please have the watch app removed? i will not -- i don't ever want it. >> it's down -- >> keep adding it after you delete it. >> it's like the app that -- >> what time? >> time to get ill. >> retail stocks. who do they put on their shopping bag and who is off the s