about how and when. i can't comment on them. but apple incredibly innovative company and they make products that people want. there is enormous potential to crack the television world open. emily: in tv, could they end up being just a set top box? david: i think that is possible. they could also be a tv or a box next to the tv, there are a lot of different ways. emily: have you heard about -- david: the fight over the living room has not been decided yet. i don't think that has been decided yet. tv is a huge part of who controls the living room. who controls the electronics in the house? emily: what about the entertainment industry in general? where is it in five years? what are we watching? david: you will continue to see the blurring between movies and television. you will see television shows, stuff produced primarily for television that will play in theaters. occasionally, and out of home collective experience. i'm already feeling interest and people are coming to us with this. i guarantee when twin peaks is out, people will want to p

scarlet: with these changes, do we know anything about apple's suppliers? will that change at all? le tries to do it for supply -- tries to diversify the supply chain. is going tooxconn be the main driver of the iphone supply chain in terms of mass production at the end. matt: will this be called the iphone seven or will it be like the six r or something? >> calling it the iphone seven might be a stretch given that names are usually assigned to break from new designs and this will not fit the build for that. if theynot be surprised called it from a marketing standpoint the iphone seven but i don't think it will because of the design. matt: i've seen speculation there could be a new watch. >> it sort of way and the last holiday season. they pay between $850,000 and $100,000 for. -- they pay between $850 and $1000 for. scarlet: are you going to get the apple watch? matt: i haven't thought so but i just saw that it can show you live football schoolers. -- scores. that might be the killer app for me. scarlet: blair efron call this year healthy. the cofounder of the partners, next. ♪ sca

it's tim cook setting the table for how apple thinks about things. what kind of a company apple is. you imagine if you're an apple buyer on the sidelines but you like the company, this might spur you to go to an apple store and walk out with something. they're being a lot more strategic in their pr and communications, perhaps reflecting the services revenue that they're trying to grow and this is why that could work. >> why do they feel cook should be personalized now? >> it's as simple as we're now at five years of tim cook being the ceo of the company so it's a natural point to look back and reflect. as john just pointed out there's really serious issues that investors and employees have to be asking because the world looks different today than it did. and it's better but he is a really compelling character. it's hard to imagine the company would have done as well with stooe jobs in place. you have to be a diplomat to be the ceo of apple now and in many ways i think tim cook was the perfect person. what about the substance of what he is saying about the iphone. he has to walk this

when apple is asked about it in the u.s., the response sounds like that's money that apple made on productsd overseas. it doesn't make sense to tax it here. when it's challenged by european regulators about that money, apple is saying, well, it belongs to the jurisdiction where the intellectual property was created. that's in cupertino. basically the money is earmarked to be repatriated to the u.s., because they don't want to repatriate it at 40%. they want a lower tax rate. when it comes down to it, is there something that apple needs to clarify here? do you think they're completely in the clear? is it just the way it works? >> i think that's a lovely question. at the end of the day what you're pointing out is that the global tax infrastructure is crazy, right? it's really hard to explain it in ways that a make sense to everyone in the pie. i think it exists because we had a political culture that favored growth, and was willing to give tax benefits in order to cause that. it was willing to give them in convoluted ways, as you just pointed out. what's going on in europe right now is politi

amazon,ng about apple, facebook and alphabet.appening they are no longer singler. -- no longer singular. look at amazon which has the because they keep reinvesting the company's revenue. it is not just consumer services , is not amazon prime which is delivering content, boston post or other media outlet, it is a strong business with its cloud of the structure. $8 billion in revenue last year. these companies are almost omnipresent. they are everywhere. francine: will they continue growing? will they continue growing at these rates? eileen: they are savvy -- facebook having acquired and not being shy about bringing more technology and more services. the question is whether they will grow at the rate -- i think i just read in order to meet -- they have to keep growing revenue 7% for the rest of the century. that is a big ask. i will know if it is going to meet that. pneumatic for what makes these companies valuable. francine: what can go wrong with these companies? you could argue that it means they feel under more pressure to give

apple pays in taxes, it is about which government collects the money. l have a profound and harmful effect on investment and job creation in europe. continuing the statement -- apple follows the law and pays all of the taxes we oh wherever we operate. we will appeal and are confident the decisions will be overturned. the statement from apple. let's get to abigail doolittle. >> first, a quick look at the u.s. equity averages were you see all three trading somewhat lower here on the morning. this could have something to do with dollar strength after consumer confidence measured this morning did come in better than expected, boosting the dollar, weighing on oil wraps dragging on stocks. we have lots of stocks in the world of m&a. i believethese shares are halted. yes, it shows they are halted. before being halted, both of nicely on the possible merger between these two fertilizer companies as they are battling falling prices plus the decline in spending a farmers. earlier this morning, it was not a combo could be announced as early as next week. with the st

joining us again today. >> great to be here. >> great time to get back on the apple train here, kevin? >> no, i don't worry aboutissing the train on apple. this thing will trade between $93 and $109 forever unless the issues are resolved. and you know, i like at this and ask myself, the only thing that matters to me to get excited about the service again is are service going to get past 10% revenue. the large margin service businesses have alluded apple because they are offering music and photography and television. while they are useful, they are certainly not state-of-the-art. there are better players. i use spotify, not apple music, but who cares. at the end of the day, quarter by quarter if you could show me the services growing and frankly if i have to bet on an iphone margin to stay where it is today over the next 36 months, i'm going to bet against that. i think iphones are toasters. i think it is a total kmomid. tony made a good point, innovation will get less and less in each incremental view so the only thing that gets me excited about piling into the stock now is not that i will miss a big move any ti

within this process, apple is going to have to answer a lot of questions about what it has done and it'sax regime. brett: we're talking about 40 times bigger than the last known demand from the european commission. it is a huge tax penalty. does the punishment fit the crime? >> we definitely see the eu flexing its muscles here. this is a signal that the eu wants to get out to other companies. we now apple, starbucks, amazon have all been in dispute with the eu. the eu says this is justified from their point of view. brett: this is been a big topic today on social media. let's see how the twitter sphere is reacting. he seems frustrated with irish authorities. the brussels-based affairs specialist argues that we should be working at harmonizing tax rules rather than pointing out one country or corporation. and look at this. even the turkish deputy prime minister has taken to twitter for a solution. he says, apple should move to turkey where they are happy to provide more generous tax incentives. that way apple will not have to deal with the eu posh bureaucracy. -- eu's democracy. french an

. >>> in tonight's business watch, we are learning new details about apple's new iphone. the phone will come with a duel camera feature to it will feature two lenses instead of it will come without a head phone jack so having to use bluetooth or one in the phone jack. at is expected to introduce the new phone next month. just when you buy a phone and you're happy with it, they change it all up. enjoying the freebie on hulu but that is coming to an end. the free steamingselves is coming to an end. users have been able to watch tv episodes but that will be fazed out in the text -- next few weeks. they will offer the program at $12 a month if you don't want to see ads. >>> stocks finished the day in points and nasdaq is down 17 points. >>> beginning today, the f.d.a. is banning the sale of e-cigarettes and other tobacco products for anyone under the age 18. it is required for a photo i.d. and it bans companies from handing out free samples. they will not be promote the device as a healthy alternative to smoking unless they provide strong evidence to support the claim. >>> a

just thinking about the apple story we were following. the white house same the obama administration is concerned take thetax tears will brunt of the decision. >> obama administration officials not surprisingly have heard from officials that will who are concerned about the way they're being treated by foreign government. particularbe a surprised to anybody. the obama administration repeatedly indicated the to pay american taxpayers and businesses when they are being treated fairly. received what he calls the shoulder deals for taxes and island. retroactive tax assessments by the eu commission are unfair, controversy -- contrary to legal -- is sharing the rule of apple. telling reporters today he believes apple -- he tweeted -- apples earnings in 2015 were the highest are ordered in any corporation in history yet apparently the is not enough. he focused his insurgent presidential campaign on income inequality and banking reform. the move is fueling speculation next year.to enter the finance minister will take over the duties on the econom

about that once. companies like apple, favored, 10% tax versus 40%. thinking maybe go overagt on biotech because i think there's -- >> worried about how, the politics, you should be worried about biotech. i'm long biotech but parties both agree on health care. riskier than the brokerage -- >> true, but i would like two back winds. the political environment good for me on that sector. >> right. >> but i want to see a chance for snob get a return north of 6% on assets, which is where you're getting -- imagine goldman sachs. you told me a decade ago they'd make 6%, 7% on assets, i would say not even a chance in hell. >> a good debate as to rhetoric versus reality. what josh is getting to. josh's long made the case sitting here, more on -- rhetoric, more so than reality. >> absolutely. >> what about the idea there's just too much reliance on the fed, period. that if the u.s. economy gets any kind of continued sort of moment momentum, another good jobs report, rates will go up on their own? and therein good for the banks. >> institutions holding up to 30% c

offering up fake investment opportunities fo as september gets closer-- more rumors keep coming out about apple's new iphone. industry insiders think the latest model could come ?without a headphone jack. they say earbuds would likely be ?wireless... and the new technology could push for major innovations in the headset pizza drones-- it ?could happen if domino's gets its way. tech site mashable is reporting the company just partnered with a drone delivery company in new zealand-- and it hopes to develop a fast way to get your delivery driver! domino's hasn't got approval just yet, but hopes to start testing the service out by the end of the year. if it works, drone delivery could come to the u-s! up next on live at daybreak on today's tmj4... heart attack: one factor that can increase a person's risk, and whether it's men or women who should be the most also... back to school ge little sneezes can spread germs and the surprising amount of time they hang z23egz zvpz y23egy yvpy in today's health: stress may attack in women with heart disease. researchers at emory university in atlanta, studied ne

. >> reporter: the european union thinking differently about apple's taxes. the company ordered to pay up to $14.5 billion in back taxes plus interest to ireland after it was revealed they paid $56 in taxes for every $1.1 million in profit. >> this decision sends message. members cannot give unfair tax benefits to selective companies. >> reporter: the decision comes after a 3 year investigation into the iphone maker. for the latest quarter, they posted a net income of $7.8 billion. the california-based company says they employ 6,000 people in ire land, most of them in cork. in ireland. what is under question, is what are the tax rules in ireland? >> reporter: apple says they have done nothing wrong and they will challenge the decision. tim cook says the most profound and harmful ruling will be decided in europe. every company in ireland and europe are be under laws that never existed. apple opened half a point down starting trade on tuesday. >>> good news for families who love chipotle. the company is offering free kids meals every sunday during the month of

cramer about apple hospitality and how they're doing? >> that's a crowded space. it doesn't have that big of a yield. if you want to be in a real estate trust, i'm going to send you -- let's go to corey in new york. >> caller: i want to give you a big boo-yah. >> i don't think -- it's had a good run. i say it's for speculation. it's had such a big run. let's go to aj in new york. >> they probably ask themselves that every day at gnc. this stock has been absolutely horrendous. i still won't touch it until they clean up and have a good quarter. >> that ladies and gentlemen was the lightning round. >>> the lightning round sponsored by td ameritrade. let's feed him to the sharks! squuuuack, let's feed him to the sharks! and take all of his gold! and take all of his gold! ya! and hide it from the crew! ya...? squuuuack, they're all morons anyway! i never said that. they all smell bad too. no! you all smell wonderful! i smell bad! if you're a parrot, you repeat things. it's what you do. if you want to save fifteen percent or more on car insurance, you switch to geico. i

. >> haven't talked about apple. >> invites went out. follow cnbc. invites went out. you follow it? cnbc. it's good. it's worth following. >> no commercials. right? >> not yet. >> going straight through. >> especially with these two. >> ready for that? we have a news alert, by the way, on apple. there you go. josh lipton has it. josh? >> that's right, scott. >>> the invitation a lot of investors waiting for, apple putting out a formal invitation for its fall event on september 7th. the convenient, the invitation saying, please, join us for an invitation-only event at the bill graham civic auditorium in sfr san francisco. 10:00 a.m. dual camera, updated home button. the question whether the iphone 7 can help revive growth in the iphone franchise. analysts like pieper jean munster says still about 275 million active phones has are on the iphone 6. at least two years old. the bet there for the bulls, there's enough people selling older models upgrade even if we get in the fall are incremental changes. the event on september 7th here in san francisco for apple. back to you. >> josh lipt

based on photos, he seems to be promoting apple's latest products to create buzz about the products in china. but he also spent the morning with app developers t h excited the ois 10 system and encouraging them to make more apps for apple products. there has been concern about apple's relationship with the chinese government and what that could mean for apple's future. entrenching the company's popularity of products as well as the apps could bolster apple's position here no matter the relationship with the state. cook also spoke with local journalis who asked him questions about sagging sales for the iphone as well as the growing competition in china. he acknowledged the environment here was more competitive but at the same time he said he is looking forward to the fall. of course that's when the i-phone 7 is expected to be released. >>> small cap stocks are on a roll after a slow start to the year. small cap stocks are adding gains to the russell 2000 and catching.to their larger counter-parts. the small cap stock is up 8%. can the run-up in small caps last? joining us, chris ripsler

thinking differently about apple's taxes. the company ordered to pay up to 14-point-5 billion dollars in back taxes, plus interest, to ireland after the e-u determined it received illegal tax benefits for over a decade. according to the bloc, apple paid 56- dollars in taxes for every 1-point-1 million in profits under its last rate. vestager says: "..this decision sends a clear message. member states cannot give unfair tax benefits to selected companies." after a three-year investigation into the i-phone maker. for their latest quarter, apple posted 42-point-4 billion dollars in revenue and a net income of 7-point-8 billion. the california- based company says it employs nearly 6-thousand people in ireland... most of them in cork. lawler says: "..they've followed the tax rules of ireland. so what's under question here is those tax rules in ireland." both ireland and done nothing wrong, and will challenge the e-u's decision. apple c-e-o tim cook releasing an open letter reading, quote... "beyond the obvious targeting of apple,

analysts are skeptical about apple's new model and if it will really boost sales in huge market suchas india or china. some experts consider the tim cook needs to prove that the iphone is not just a one trick pony and that the company can launch a new disruptive kind of product in the future. apparently the apple watch didn't do the trick. anchor: there you go. thank you. to a different story, brazilian police have recommended that prosecutors bring corruption charges against former president lula da silva. the ex-president and his wife reportedly accepted 670,000 euros in bribe money. this claim comes amid an ongoing corruption investigation into state run oil company petrobras. karen president dilma rousseff has also been accused of corruption. -- current president dilma rousseff has also been accused of corruption. her testimony is expected next week, as is a verdict. among eastern european states, bulgaria is a big exception when it comes to tackling the refugee crisis. the government supports germany's call for shared responsibility. this means securing the eu borders. for that

about it. and who goes to target for apple? who?ause many of the apple's non-cell phone targets that target sells put up terrific numbers at other stores. target seems lost in many aisles. and that's not a good thing. let's stop talking about the death of the mall or the waning days of bricks and mortar and talk about those who are fighting back with more retailtainment. the ones who aren't promoting the american consumer, why? because business is too strong to keep on lying. let's go to annemarie in new york. >> caller: welcome back. >> what's up? >> caller: will you help me with sketche sketchers? i listened to a conference call. >> the stock has been stuck. the quarter was just okay with a high multiple stock. but okay wasn't good enough. i think they're superior merchants. i wouldn't duck out. let's go to nick in illinois. >> caller: i'm doing well, how about you? >> i'm doing good. >> caller: i was calling about starbucks. >> our charitable trust, we are lowering our expectations a bit we think star bbucks is having okay time.

: 84 dewpoint: 69 wind: sw 5-10 mph kim joins sharonoisey of the lwaukee county wxtension talk about apples. segment #3: apples may be ahead of schedule this year. learn to make their yearly migration down to mexico-- you can see them as they make their trek. the friends of the monarch trail showed visitors just where to spot them during their annual monarch migration celebration in wauwatosa yesterday. not only were there guided tours showing some of those spots-- but there was also a picnic and chances to learn more about the butterflies and their yearly migration. there's a new number one movie at the box office. coming up on wake up --- what new flick knock stop. and beyonce steals the show at last nights m-t-v video music awards. we take a look at her wild performance after the break. "the new video calling app thats simple to use and it works rich demuro and i'll take a look at google duo coming feingold: that's my grandfather with a brand new truck. it was one of the first to come out of this plant in 1923. but today, too many good manufacturing jobs are shipped away because of a tax

carolyn: it's all about apple. -- caroline: it's all about apple.king with brian right at drexel hamilton, he says apple shares are going to double. francine: why when you have such adversity? thank you, caroline hyde. looking forward to "bloomberg ." repairas been ordered to $13.5 billion plus interest after the european commission says ireland illegally slashed the tax bill. it's a multifaceted story. it is certainly a negative story for apple and a negative story for ireland. it is a negative story for relations between the eu and the u.s. what is the most mitigating we learned in the last hour? >> the eu has said with the apple case in ireland, it's focusing on 2003 through 2014. it says apple's effective tax 2003in ireland was 1% in and then went down, up to 2014. itsway apple has structured businesses here in europe, it channels all of its profits into a virus unit. the competition commissioner says that unit, the head office that has over there in cork, ireland exist only on paper. it's not a physical entity, and they have been channeling

. >> also ahead, apple announcement of the new iphone seven is expected in about a week. we'll tell you what the new phone may have, and, not have, when we come back. the roast looks good dad. how good? 162 likes. did i get any retweets on those green beans? yep! and they're blowing up on instagram. honey, your rump roast just broke the internet!!!! as it should. life is family mealtime and everything you need to make it picture perfect. now be sure to tag your mother because she needs more followers. ok. the roast looks good dad. how good? 162 likes. did i get any retweets on those green beans? yep! and they're blowing up on instagram. honey, your rump roast just broke the internet!!!! as it should. life is family mealtime and everything you need to make it picture perfect. now be sure to tag your mother because she needs more followers. ok. >> stay updated with katie's forecast on our sister station "kyw news radio" 10606789 also, governor wolf speaks out for decriminalize g recreational marijuana. local university celebrates a major milestone. and the new program sendi

and then talking about apple. let's talk about what's happening surrounding the rexit. derivative lives are toxic. i have seen this movie before. we always get these kinds of things happening wubs once you get a big currency move. this time different? >> the difference this time around was the brexit was such a large and unforseen kind of curn see move. you're absolutely right. there are aspects of this story which are familiar to anyone who followed the financial crisis and the fancy derivatives and many people hoped we moved on but seemingly we haven't. businesses up and down the country -- there are designs to get them over their currency costs in the future. there are triggers that are hit. people end up having to buy 10 times more currency than they need and end up hugely out of pocket and unable to pay. guy: is it the banks that are involved? he banks did this before and got pinged for it. you would think they would have learned their lesson. >> they are still involved to leaser extent. nowadays you have kind of smaller foreign exchange rokerages. they hire people

evidencewe have more about apple will stop the biggest drag on stocks is apple. european commission has amended the island recoup some of the taxes. >> now ireland saying it does not want that. we will hear from both sides, from eu regulator and the finance minister this hour. >> more evidence the fed will continue its decision on interest rates. sally fisher -- stanley fischer stuck with tom keene on "bloomberg surveillance." hey talked about potential changes and whether there is policy unity within the fed. >> we are growing at around 2% and the problem we face is that of productivity. i do not think the dollar is fundamentally the most important factor affecting the rate of growth in productivity. obviously, a stronger dollar has an impact on the profitability of american companies and on how much we want to import. but the bottom line on this is we have seen an appreciation of the dollar and the american economy continues at full employment. or moveowards -- towards full employment. in a fundamental sense, we have withstood much of the challenge. it has an i

there are about 5,000 people that work for apple now in ireland. those guys are paying income >> for those of us here saying why does this even matter, it's about innovation, right? >> nothing will happen right away. there's a new iphone coming out in a couple weeks. it won't get jacked up. apple has the money to pay it because they're so profitable now, but it's kind of the principle of the thing. they said this is the environment we've come up in and a lot of other companies have followed suit, face, google, amazon. about 700 companies have a presence sort of similar to apple's in ireland. the question to me is what are the companies we're talking about 20 years from now that we don't even know their names yet, but those guys are trying to find a stable kind of environment like this and yesterday they had one and today it's a big question mark. >> why is it now the eu is kind of cracking down? we've seen google and facebook. people have kind of exposethe apple has so much money it e th we can solve some of our other problems, but ireland who would

looking at apple's sizable cache of cash, we see it has about $231 billion in cash on hand there at thene there, the white line showing the money here, that penalty. what does this mean for apple and for apple's mode of doing business right now? >> obviously, if you look at that pile of cash, this is a small hit to them. as we know, they are not forced to pay it now. this is going to be delayed for quite some time. so i don't think it's going to be a serious issue, even long-term. the question you have to think about is will this, in fact, transfer to other companies? will we see this issue become a bit of a con tageyun? apple is a huge target. you have to imagine other tech companies are going to get hit by this, but it raises so many, you know, unusual questions you've been discussing all morning. when you think about the fact that in assets, here's this big pile of money that nobody seems to want. how odd is that? yet you also have to say gee, is apple getting away with smings that are unfair? the general person is going to say this doesn't seem fair it? seems like a pretty strong ar

about, ahmet startups are thinking about machine learning, and talking to computers and uses that voice interface, so many of the startups are not thinking the appleatch. they're thinking about talking to computers. >> we know that you've been bullish on alexa for some time, but on this music product specifically, if you're an artist and you're currently in negotiations with amazon, which this story has the obvious caveat that finalized negotiations with artists and publishers are not done yet, what do you want from amazon? what do you get out of the having a cheaper service available just through am zone alexa? you have to really love music and listen to it. >>> and what if this is the first cart we're seeing turned and they put it on echo and say, hey, by the way, would you like to put it on these other devices? and i think spot fill is one of those companies we could see get bought by amazon or an apple we have had re his reports talks of apple-tv. are they on the right path? >> yeah, you know, listen, i'm rooting for twitter. i'm a fan of the service. i think many people in the technology business -- i think he's -- you know, because he's runn

. >> you certainly know more than i do about the future of plans with apple but i look back at what steveobs was very passionate about and it was photography. he had a friend bill atkinson that really knew how to understand pixel by pixel how you could make a better photograph and they always talked about the idea of having two cameras that would harvest the different digital information that you would get and merge it with an algorithm so you would have a whole new type of picture. something actually gray and that's what i'm reading about that you might see in iphone 7. >> how ground breaking are consumers now expecting these changes to be? because you can only innovate on the same type of device so much before everything is just incremental. >> maybe so but they bought that machine learning company up in seattle. i think my iphone at some point i could have it in my pocket and be talking to it and say turn up to the temperature in my house or unlock my door and tell me who is winning in rio. it would have a conversational tone that you would do with machine learning and we see amazon to

benjamin hall has more now in european union thinking differently about apple taxes. company ordered to pay up to $14.5 billion in back taxes plus interest to ireland after determined it received illegal tax benefits for over a decade. according to a blog, apple pai 5 i f every 1.1 million in profits under its last rate. >> thisen a clear message. member states tax benefits to selected companies. the decision comes after three-year investigation into you phone maker. for their latest quarter, apple posted $42.4 billion in revenue and a net income of 7.8 billion. california based company says it employs nearly 6,000 people, most of them in cork. they've followed the tax rules of ireland. as what's under question here is tax rules in ireland. they've done nothing wrong. and will challenge the eu's decision. >> apple co tim cook releasing an open letter reading, beyond obvious targetn apple the most profound and harmful effect of this ruling will be on investment and job creation in europe. >> using commission's theory every company in ireland and across europe is suddenl

they have been said to approach several parties about a sale. applele, amazon, uber, and didi, although the most serious conversation happened with general motors. although they are not in immediate danger of closing, one source said they are unprofitable but they had a cash cushion of $1.4 billion. this comes after a report that lyft rebuffed a takeover offer from gm. we are here with brad stone and joel rosenblatt. i want to start with you, brad. what is your analysis of lyft, trying and failing to sell itself, to a lot of different companies, including the archrival? brad: not a great report for lyft, but it has been a great month for uber. they did deal in china with didi, and this week they announced the rollout of the autonomous vehicle program in pittsburgh. lyft is challenged. there's a lot of ambiguity around its business. can it be a profitable number two in the u.s.? what does the market look like when companies have to get into profitability and they can't keep sinking money into discounts? it is not surprising that with all the uncertaint

we talked about the apple tax decision in europe. wn fact we probably haven't talked about today. the eu thinks apple owes them more money than they charged them. it is just based on their rules, they can only get ten year's worth proceeding the inquiry. but this decision goes back to 1991. i mean, if they had their druthers, they would take more money from apple. i think this is up there with brexit because if you're so unk uncertain you can go back to a 1991 decision? the commissioner said there's no certainty until the competition commission decides. 20 years later? i mean, you have to be kidding me. right? >> statue of limitations. >> so uncertain of the tax structure in europe. >> they can do what they want but telling a sovereign nation what to do with their taxes. >> that's another issue. right. that raises the issue of brexit, as well. >> in the '90s there was a push to go to ireland specifically and created a tech incubator in that country. dell went over there. they operated up big operations. this would not just be apple bu

with the apple announcement you've been talking about for weeks, it greatly impacts the value of both of your phones, especially if you want a buyback. >> what? >> apple, android? how is that whenever apple makes an announcement, there's a surge in people selling their devices, whether or not they're migrating from android to apple, vice versa. it affects the entire world of technology. what this means to you right now, whether or not you're an iphone, samsung, lg, htc, blackberry, $49 prime phone, this is the time to find out what your phone is worth and to consider getting paid. for most of the major services, you can lock in a quote right now. you don't need to sell. get the quote now while the prices are slightly higher. one of my websites, flipsy.com compares the price between all stores. lock in the price now. come tuesday of next week, you will be way ahead of the game, and, yes, samsung users e first competitor next in line. why? well, a lot of people may not be happy with the new iphone and may switch from iphone to samsung. therefore it also affects your buy-back offers. fli

how much apple pay is in taxes, it's about which government collects the money. it will have a profound and harmful effect on investment and job creation in europe. apple follows the law and pays all of the taxes we owe where ever we operate. we will appeal and are confident the decision will be overturned. jewel >> the european commission, europe's executive body, that has decided apple must pay up to $14 billion over to the irish government in order to settle unpaid tax claims. now, this is because they believe that the tax arrangement be ireland and apple was unfair. it was too lenient. the irish government don't want the money. p their beneficial relationship with apple and other u.s. firms that bring jobs and investment into ireland. now, apple responded, they say they belie and that it will be overturned. they say that this is less about the corporation tax that they're paying, the rate at is less than 1% in this case. the government and their tax practices. >> it's up to the irish authorities to make sure ha the i tax law and european rules. >> these aren'

. >> kim: let's talk about apple. they are issuing a software update that has to do with security for all of us. >> it does. this is kind of unusual because apple is pushing this and telling people phones and ipads as soon as possible. basically it fixes three huge >> dana: we teamed up to raise miles to deliver to our local make a wish children because 75-80% of the wishes involve airline travel. children to their destinations whether that be hawaii or disneyland or disneyworld. we raised more than 1,258,000 miles and $35,000. it was a good day for our local wish children. participated. it was a sight no one expected when they pulled this car over. looks like three men and a baby. this is an officer and a baby. how did it look like this? we have answers headed your way. >> dana: getting ready for the u.s. open by talking to one of the greatest tenny misplayers in american history. that is coming up a little later on the program. have live pictures of the white house we focus on decision 2016. we have both candidates

apples roughly 4% gain. second-quarter profit exceeded expectations. you will hear from one of those rivals tomorrow, the vice president of global operations. he will join us to talk aboutlining smartphone sales in china and the company's global expansion strategy. apple is hitting some snags in severing its watch from the iphone. currently in order for the apple watch to work, you need to have your iphone close by. to company still plans announce new models this fall with improvements to help tracking, but they won't be able to connect independently to cellular networks. my cohost,discuss, and mark gurman, who broke the story for bloomberg news. what do we know? will know this apple watch not be able to connect to networks from at&t, verizon, etc. and internationally. apple plans to come out with a new version this year that can connect to cellular networks. they hit some snags related to engineering, related to the battery life. the cellular chips of today's age consume too much power for an apple watch, a small sized watch. the trade-off was too large to have that in there because the battery would drain too quickly for the users. emily: what do you make of this? >>

just i can about apple. target mentions have been happening to best buy, too.ales of apple products hurting them. best buy ceo selling half of its company stock over the summer. investors watching for the out at best buy gives today for the current quarter. shares up within a percent in the past year but they are down more than 1% in extended trading. nicole: toll brothers has stopped toll brothers has stopped to watch that we're watching the luxury homebuilder reported higher revenue profits for the third quarter. revenue rising within 23% a year ago to $1.27 billion. also watching the maker of folgers coffee instead of facing increased competition in the cake had marketed as falling coffee prices improving pet food businesses there expect it to have boosted margins. shares of sirius kitchen tumbling 13% in extended trading after the casual restaurant chain reported disappointing second-quarter revenue and reduces guidance for the fiscal year. lauren: coming up, the great race debate heats up. janet yellen signals interest rates are heading higher which is wee

. >> the reports about the new iphones may not make apple fans so happy tonight. iphone 7 and 7-plus won't go on sale until september 23rdrd. previous reports had said it would be about 2 weeks before >>> apple isn't saying anything about it. >> and that's not all. a french website claimed he got his hands on the plans and they don't include a headphone jack on the bottom of the phone like they do on the iphone 6. there will reported will be i a second speaker there instead but apple is not talking about that either. >> not 1 word. >> well, it's whole purpose is to save lives. >> but the price of an epipen is getting so high some families them. a similar drug was recalled and now the cost of the epipen has sky rocketed. a two-shot pack now cost nearly $600. >>> according to one pharmacist, that's a $200 jump in just the past 6 months. milan pharmaceuticals which makes the epipen blames the increase on the changing insurance landscape. and we will be right back. >> we are leaving before midnight. >> just before. we got 20 -- 35 seconds. >> all right. we're saying good night. >> see you

but first apple are making big changes for the iphone and coffee drinkers. for more we go to london. good morning, what do you know about this apple changeup? >> reporter: good morning, betty, apple has moved swiftly to issue an upgrade for the ipad and the iphone after an attempted hack that was the most sophisticated using spy ware that many had ever seen in the was a prominent arab activist. this software can infect a fully upgraded iphone 6 and take over the camera and the microphone to snoop. meantime in other news around mylan triggered by hillary clinton, we've got the latest which is that the actress sarah jessica parker is trying to distance herself from the epipen. her son who's been severe allergies meant that parker was part of a short campaign she's taken to instagram to try and say that she's distanced herself from the company. she's disappointed, saddened about the epipen's price hike. >> all right. this is "early today." ? the sun'll come out tomorrow... ? for people with heart failure, tomorrow is not a given. ? tomorrow, tomorrow... ? ? i love ya, tomorrow ? in the largest heart failure study ever. ent

mgm up 1.39% las vegas sands up 1.47% wynn up 4% red rock down 0.54% twitter execs are talking to apple about lauching an app for apple t-v. the deal would let twitter users watch nfl games twitter won live streaming rights for thursday night nfl games for the first live stream will take place on september 15th. the new york jets are taking on the buffalo bills. good news if you're filling up your gas tank! gas prices here in las vegas are going down -- despite the crude oil prices actually increasing. tonight the average for a barrel of crude oil sits at 45-74....that's nearly dollar and a half up in the past several months. as for gas prices -- a gallon of regular, is right around week. target's grocery aisle.... isn't doing well. sales are expected to drop.... -2- percent in its second quarter. according to the wall street journal.. shoppers aren't buying..... fresh meat.. fruits or vegetables... before they go bad. two good samaritans are getting a lot of praise.... tonight. the camera rolling... as they bust the window of a car... sitting outside a michigan mall. it's not a child.... tra

as you know, there have been a lot of questions about apples relationship with the chinese governme government. what's interesting is this tactic is seen as entrenching china, apple's position in china through the popularity of products and through the apps. that could be a key no matter what the relationship apple has with the government. now, also today, he took some questions from local journalists who were asking about the sagging sales of the iphone as well as the competition here and he acknowledged the more competitive environment here, but at the same time, he said he's looking forward to the fall, and, of course, as you know, that is when everybody is expecting the iphone 7 to be released and over here it is eagerly await. >> dewayne: as it is here. thank you very much. eunice yoon in beijing. still to come, a diving finish to the women's 400 meters. it's the race everyone will be talking about this morning. that must have hurt. if you get gold. >> first as we head to break, national whether forecast from weather channel. >> good morning. we have a business day ahead. storms will fire

in the u.s., when apple gets asked about paying taxes on that amount, on repatriot and apple says 40%a really high amount to bring back, you wouldn't want to be taxed that money on money trying to withdraw over sea when is it gets asked about stayipaying ta apple says the value isn't based on where the goods are sold, it's based on where the intellectual prurpt operty is created, that was in cooper tti, to be re-patrioted to the yes, a area, and they're arguing to u.s. lawmakers bring down that tax rate to repatriot. everybody arguing over this big pile of cash, and from all appearances, apple has a very strong argument they're obeying the letter of the law. >> these companies use transfer pricing to shift intellectual prices and direct the income associated with that intellectual property, taxable income that'll go to the u.s., where they're taxed at a very low rate, ireland being the key one for them. >> and these laws were written before the digital area we live in, before we had these software firms. take a look at what's happening in silicon valley, look at the tax rate apple pay