i get him an apple box. i understand the president is there, he's very tall and they set up the microphone for him. but-- (laughter) >> jon: as a man of similar stature, i'm sorry i'm very sensitive to this type of thing. i feel like-- can can a brother get a phone book is what i'm saying. just to stand on. and then it was time for that african-american president to deliver the remarks a young john lewis thought he would never hear. >> what greater form of patriotism is it than the belief that america is not yet finished. that we are strong enough to be self-critical. that each successive generation can look upon our imperfections and decide that it is in our power to remake this nation to more closely align with our highest ideals. >> jon: no, once again barack hussein o polling-- o-pology refuses to acknowledge american successful everyone knows the greatest form of patriotism is having the courage to admit our perfection-- perfection. preferably in flag pin form. let me tell you something if we weren't nu

on apple watch, we used an assumption of 54%. we took a conservative cut again to the numbers. it's a great way for apple to have another financial lever in the model. >> brian, i'm counting back a couple years to see how many iphones apple has sold. if my math is correct, i'm counseled i counting over 350 million units. does that sound right? that's a lot of units of iphone that they have out there in the market that could be then compatible with an apple watch. now, when you look at that kind of a number and the uptick rate that you expect of the watch, how much should we expect that watch to have legs assuming there's a decent conversion rate there? >> i think some talk about -- in september talked about over 200 million iphone 5 and 6 had just been launched. so the number's bigger today. i actually look at itunes users. that's an ecosystem of 800 million users. that's an ecosystem that apple can really tap into. people that have iphone 5 through 6 can use this as well. so i think the opportunity is more looking at the itunes base and that's significant. >> did you say an att

bees i don't know we have had an apple bees in san francisco who are you. >> what's an apple bees. >> well - so we opened up a festers for a 5 hundred seat venue we want 0 people to come into all different parts of world had a request we do jazz they put us in contract it's a contact that's a 3 piece band they're to go for two hours during diner not any other time mostly done by 9 we don't have neighborhoods directly beneath us so we're going to keep it another a level for people to talk during their diner. >> are you planning to manage the entertainment or is that based on the groups that come in and say we want this performer. >> they have the tour group recommended the band we contract with the band there i go to take care of the booking. >> commissioner joseph. >> so have you ever had bands in a venue that i ran before. >> nope. >> so you know nothing about bands. >> i've seen bands before. >> so you know nothing about bands so your relying on the band to bring in their sound equipment and the a.m. fireside. >> that's a problem because drums are hard to control and if you amplify

gene munster is at the apple event stepping out right now to talk to us. gene has an overweight rating on apple. $160 price target. good to see you. arguably, though, even though you are positive apple overall, you are a bear on the watch. your estimates for a unit sold this year for calendar year 2015 is eight million which is way below the street consensus. walk us through how you get to that eight. >> well we think that it's best to be conserved because a lot of the value will be determined by the app developers, and that's just starting out. so we thought it would be -- we understand where the street is at, and we thought a level of conservativism would be helpful. ultimately, we think that the big first break-out of the watch is probably december of 2016. this is going to be a huge category for apple, but it's going to take some time to get momentum behind it. >> i think doctors will clearly nantd that but if you look back again at the iphone as an example, it just took time for develop toerz really build the excitement around the platform and so the average pers

do you want to know whether an apple watch is in your future or whether it will be a hit? the futurist who saw something one way when she looked just a month or two ago now completely making an about-face, reversing her opinion. why? we'll find out what changed her mind. statmind. straight ahead. last minute of trade. let's start the "countdown." good afternoon, everybody. news alert here. the next two days are guaranteed to be volatile. buckle up. the european central bank is holding its policy meetings tomorrow. many are speculating it's likely that quantitative easing or, of course, large-scale asset purchases to pump up the market will be announced. after today's mediocre adp number, which is the private sector jobs report, there is nervousness surrounding the friday nonfarm february number. is this the time to buy or tread lightly? we'll ask the experts to give us the road map for this week and beyond. more importantly, which direction do you get most news from, and which data? joining us now, jeff, paidon and regal. scott readler and todd at the cme group. right off t

imagine they would have done a round watch it would not have looked like an apple watch. you know, i think it's a brilliant design for apple. even if for my own tastes, i prefer a little bit more sexy, but that's -- everybody's different. >> that's a ceo who, upon first viewing of the watch, the design, back in the fall, called it too feminine, said it looked like a student designed it. apple has people on the run. >> this was a beautiful dis if you listened to what he said. looks like an apple watch. in the end, i would like my watches to actually be good looking. but it looks like an apple watch. >> this was a classic just whiplash moment. afraid of being posterized. the posters of michael jordan dunking on people and how they would last for years. that is what the apple watch is about to do to people who dised it when it came out. steve ballmer who had the comments on the iit phone, nokia's ceo, et cetera. apple's watch is going to be more successful than any smart watch to this point. that's safe to say. now he's trying to get into the game. >> and get people to pay th

to put it another way, why should people buy an apple watch? we got an indication in september, it would perform the functions of a health band would connect to your iphone. but from the channel discretion six months ago, it almost sounded like it added more complexity to your life. what apple and tim cook needs to do is to make a case for this new device that really just tethers to your iphone. why bring this into our lives? i expect to talk about prices and a different skus and how they will sell it, but to bring in app developers to show us what we can do with the watch. there have been skeptics because they have not presented a compelling reason to bring this piece of technology into our lives. i think apple has its case -- work cut out for itself to make its case to the customers. cory: paul, you are a runner a tech geek. a source of mine says that strava will be in there. his fitness the principal focus today, and what would that mean if it was? >> i don't know. i am really torn on a question and if i have not seen what carmen was doing --

lisa abramowicz are you getting an apple watch?isa: i had a flip phone up until about 10 years ago. tom: will jamie dimon buy you one? monica co. i cannot think -- i cannot say whether he would buy me one. a little bit tricky to your point at these levels. i certainly think it makes a story more compelling. a phone to a laptop to a new advice -- a new device. tom: i go back to the ipod which i was totally wrong on. i cannot convey to you how wrong i was about the ipod. what did you learn in your research about what monica said? she doesn't wear a watch. lisa: many are excited about the apple watch in the future of digital watches because it will get people putting something back on their wrists but it is the convenience of it. it is taking the friction out of it. it is something you heard from "the financial times" about the benefits of it. think about how often you take your phone out of your pocket. i heard jean munster also say that teenagers spend -- send about 6000 text messages back and forth every month. lisa: do they have $

>> you don't want an apple product. >> these guys have come up with this prank where they're dressingpple employees and go into the store. just messing with people and saying no these products are awful. >> honestly i'd sell it go microsoft. >> apple is [ bleep ], i don't know. >> apple disciples like me i'm all about the apple, this is sacrelig. i feel like my ears are about to believe. >> in you've never been in an apple store, does he work here. >> this is where these guys got my massive respect from just having serious cojones because it's when staff gets involved. >> yes. >> your name? >> kyle. >> i have never seen you before. that's not a real apple. >> you've never seen me here. >> he doesn't actually work here. >> i've been working for three months now. i've been working for three months and you don't know who i am. >> time to go, brother. >> then he decides to make a scene. >> i quit. who is with me? >> you know what? i quit too. >> bob, take care of the kids. >> take care of the kids say hi to mindy. >> they're getting them authentic. i love it. >> no one knows who i am here

do you have an apple for her? betty: do we have an apple? tom: no.hter] if we were smart -- that's what she's interested in, not us. betty: look at her walk. tom: i know. betty: tom steyer seems to have moved comfortably from ceo to his new role as environmental caretaker, but it remains to be seen if his passion and deep pockets are enough to conquer keystone. tom: i think my parents had a strong sense of participating in the community, which is all i really think i am doing. ♪ ♪ emily: it has been called the harvard of silicon valley. y combinator is perhaps the most prestigious start-up incubator in the world. it has funded more than 700 companies to date, including dropbox, airbnb, and stripe. but behind the start up machine is a couple with their own start up story. how did they build y combinator into what it is today? joining me today on this edition of "studio 1.0," y combinator founders and husband-and-wife paul graham and jessica livingston. thank you so much for joining us. jessica: thank you. emily: so paul, it has been six

>> in short, it comes down to the fact it's an apple watch. they've already got have been resisting joining the smart watch market because they don't have a watch that's completely designed for their operating system. so the apple watch, they've essentially been waiting for the apple watch and when it arrives, there are already millions of preorders the moment it goes on sale. >> now, there are also things we don't know yet about this watch. but one thing we do know and i hinted at earlier, is this problem with the battery life. one report i was reading says a worst-case scenario if it is subject to very heavy usage, you may have to recharge your battery every 2 1/2 hours. people aren't going to want that, are they? >> i think that's a very extreme case. we don't know for sure. we do know that tim cook has said that he expects to be charging it every day based on the amount you use it. i think, essentially, you're not going to use a smart watch in the same way you would use your phone. so i think over a mixed use, you'd probably expect to get a

do you have an apple for her? [laughter] betty: do we have an apple? tom: no. were smart -- that is what she is interested in, not us. betty: look at her walk. tom: i know. betty: tom steyer seems to have moved comfortably from ceo to his new role as environmental caretaker, but it remains to be seen if his passion and deep pockets are enough to conquer keystone. tom: i think my parents had a strong sense of participating in their community, which is all i really think i am doing. ♪ betty: this is "titans at the table." we are taking you to the high seas to find out how one vacation industry is keeping up with the modern age. the cruise industry raked in more than $37 billion in revenue last year, and more than 21 million passengers. what does it take to be the biggest fish in the sea? we find out from the two biggest ceos in the business. >> this is the biggest and best out there. betty: to stay on top, his company has spen

do you have an apple for her? [laughter] betty: do we have an apple? tom: no. were smart -- that is what she is interested in, not us. betty: look at her walk. tom: i know. betty: tom steyer seems to have moved comfortably from ceo to his new role as environmental caretaker, but it remains to be seen if his passion and deep pockets are enough to conquer keystone. tom: i think my parents had a strong sense of participating in their community, which is all i really think i am doing. ♪ ♪ cory johnson: from pier 3 in san francisco, welcome to "bloomberg west," where with we focus on technology and the future of business. i am cory johnson. we are bringing you the best of west. to our top story -- one of the biggest events in spain. among those in attendance, f.c.c.'s tom wheeler who flew to barcelona just days after the landmark decision to subject the internet to more regulation. "bloomberg businessweek's" brad on

. >> you know the saying an apple a day keeps a doctor away, now it is more complicated. a study shows it is more like a apple a day keeps the pharmacist away. people who eat an apple each day take fewer prescription medications but they are as likely to go to the hospital or visit a mental health professional. the study is published online in the journal of the american medical association interim medicine. >> it is still worth eating apple. still good now. >> two good samaritans are chased down a guy who took an elderly woman's purse. >> you can see the accuse the purse snatcher running down the street and then an 82-year-old woman chasing after him and the victim was heading home from church on sunday and a man ran up to her and grabbed the purse and two men saw what was going on and stopped the suspect as he made his way through the used car dealer help. >> picks him up slammed him against the door and he drops the purse the good samaritan and his buddy throw the purse to the side the perpetrator moves out the other side down beach boulevard. >> he did not get far. mi

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do you have an apple for her? [laughter] betty: do we have an apple? tom: no.hter] tom: if we were smart -- that is what she is interested in, not us. betty: look at her walk. tom: i know. [laughter] betty: tom steyer seems to have moved comfortably from ceo to his new role as environmental caretaker, but it remains to be seen if his passion and deep pockets are enough to conquer keystone. tom: i think my parents had a strong sense of participating in their community, which is all i really think i am doing. ♪ betty: tonight on "titans at the table," i traveled to what many consider the las vegas of the east. macau. this is part of what attracts people here, right? lawrence: yeah. betty: the small territory on the southern chinese coast raked in an unbelievable $45 billion in revenue last year. more than seven times that of vegas. did you ever think macau would surpass las vegas by that much? >> it makes perfect sense. the resorts in macau are world-class compared to las vegas. macau has taken off. pansy: we are talking about the next generation of people from

. >> research finds an apple a day may not keep the doctor away. ol enough for coats coats this morning but dry. this afternoon arm the kids with an umbrella. it will be a little bit milder but we are looking at wet conditions. i'll have the latest on your day planner forecast and we'll get you to the airport. that's all coming up next. around here, we're all about fast. that's why xfinity is perfect for me. with millions of wifi hotspots all over the place including one right here at the shop now we can stream all things fast and furious. you've done it again, carlos! with the fastest in-home wifi and millions of hotspots xfinity is perfect for people who love fast. don't miss furious 7 in theaters april 3rd. >> the small town of pennington new jersey in mercer county has been singled out as the best place to raise a family in the garden state. the ranking was done by new jersey family magazine in its april edition. it describes pennington as the perfect quaint small town with a farmland feel. the magazine also pointed out the quality of schools ta

you are a huge ball on apple. >> i am. an enormous amount of momentum. delivering. now, it is just the reverse. we have not even talked about how volpe. the thing about apple tv is they already have a huge installed customer base. it is just like, you know, it is a very high margin is this for this is the combination of these names really bode well. $2.85 a share by labor day 2016. stuart: is that when it becomes a trillion dollar company? a thousand $8000 share if it was not split seven-one. >> that is correct. around $170 a share. at this point it looks pretty likely. >> it is hard to get out. you talk about apple tv. i have it on my iphone. right next to that is my apple remote on my iphone. it is sort of like the mafia. [laughter] stuart: careful. careful. >> it is the best global tech ecosystem on the consumer level in the world today. really nothing comes close. they do not have what apple has. they are a decisive product for millions of people. the millennial's, this is native to them. stuart: you are right. michael robinson, always a good guest on

apple likely to make a splash monday with an expected apple watch announcement and the tech giant makingis morning with the announcement it will replace at&t in the dow after the close of trading on march 18th. joining us with shareholder perspective on the moves ross gerber, ceo at gerber kawasaki, apple remains his firm's largest position. good to see you. >> thank you. good to see you too. >> your reaction when you heard the news apple would be joining the dow this morning? >> i jumped out of bed and cheered and woke up my child and he screamed. it was exciting. >> what you talking about? >> well, i just -- so excited. i've been saying this so long. apple is the best company in the world and finally being recognized in the dow. it's actually a sad day for at&t but a great day for the legacy of steve jobs and it's a great day for apple employees and shareholders to get this recognition. i'm excited about it. it brings a lot of index funds into the buying of apple and it will very much help the stock. >> does the stock need help? at this point it's one of the most widely held if not the

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it is more like an apple a day keeps the pharmacist arrest. a day take fewer prescription medications but they are as likely to go to a hospital or visit a mental health professional. >>> t.s.a. tips exposed the three behaviors they watch for in security line that can slow down your trip or make you a target. >> from watching tv to being wanted, "consumer reports" pans -- partners with "7 on your side" on how family time can turn >>> live from the kgo-tv broadcast center this is abc7 news. >>> at 6:00, more questions than answers, after a fire destroyed four homes under construction in dublin. the added factors that gave firefighter as run for their money. >> making plans for a final farewell, what we are lending of the sane off for a san jose police officer killed in the line of duty. >> making the statement in the face of controversy, the growing push for indiana to change a law that many say is discriminating. >> thanks for joining us on tuesday. a lot is going on. >> leyla gulen alongside looking at traffic and meteorologist mike nicco is

they studied medical history of adults who ate an apple a day compared to nonapple eater and they found no significant difference in doctor visits or overnight hospital stays but apple eaters had slightly higher odds of avoiding prescription medications. >>> from history to culture. philadelphia boasts a diverse mix of people and backgrounds but when it comes to what its residents make a new study shows there's not much to brag about. why income across philadelphia is so unequal. >>> and the phillies home opener is now just one week away. this season there's something new you'll see before you ever step foot in the ballpark. the security changes you need to know about. >>> a live look at citizens bank park. nbc10 will air the phillies' home opener one week from today. before fans can see the home team action, they have to go through a new layer of stadium security, going through metal detectors at every gate. the phillies tested out the new policy at the end of last year as part of a pilot program. fans will have to take out their cell phones, cameras and keys from their pockets. they w

an apple a day keeps the dr. away. it is a heck of a rhyme.g of low hanging fruit justin bieber he may be getting the last laugh after all. ♪ melissa: money is flying around the world. the election being called the countries most competitive rates ever. marking the first transfer of power. workers are upset with low wages. salaries start at $20,000. landing in canada. frustrated with american regulators. the company is now experimenting at a secret site in british columbia. i love it. the controversial religious freedom law. the state has been and always will be a leader. you have all heard an apple a day keeps the dr. away. doctor robert. helping to explain and debunk some of the most common health myth. they said they are more likely to use fewer prescription medications. >> the reason they say the people that are using outpost use less prescription medications, they are a little more mindful of the food they eat. >> pretty powerful and will help prevent chronic disease. >> the second one cold weather. we had an exceptionally cold winter. >>

. >>> coming up, is the saying an apple a day keep the the doctor away bad advice? new study sets out to find if the old adage is actually true. >>> later, it will be harder to take selfies this summer at the popular music festivals is what now pro hinted on concert ground. >>> a darby police officer gunned down in his own home and police are trying to figure out what happened but his girl friend is new facing serious charges. >>> auto body shop in delaware county is in big trouble what prosecutors say they did to peoples cars that has them worried about whether they are even safe to drive. >>> plus does an apple will a day keep the doctor away? what a new study says about the old adage. >>> good day, it is tuesday march 31st 2015 and it still does not feel like spring outside sue serio but we will take what we can get. >> it is getting better at least our high temperature today will will go above 50 degrees which we didn't over the weekend but we did yesterday. reason we are giving you five out of ten early part of the day sunny ladder part rainy and far north and

amazing. >> i'm not an apple fan boy but i do admit i had an apple iphone.. >>> we have tech reporters who spent time testing out the apple watch. you got to try it. what do you think? is it a winner? >> i think it's going to be a winner. does everybody need a smart watch on b their wrist? of course not. but this thing actually looks nice. first of all to call it a is watch, there's watching. there's three collections. a bunch of different watch bands. so it actually will look different depending what you choose and how much money you're going to spend on up to 10 grand. >> i don't think of it as a watch. it's a phone on the wrist. >> yeah. it really is. and by the way, you still need the phone in your pocket. so it's a companion to your iphone. it's not going to work with anybody else's phone. but yeah. it's a computer on your wrist. you can use it to pay through apple pay. you mentioned apple pay. open a garage door. open a hotel door. >> i saw that. we were talking earlier the difference between men and women. the men often have the phone right on them in

it has been altered to look kind of like an apple interface. if you can't tell by interface, the price tag is dead giveaway that it is not authentic. they're selling $40 to $80. compared to the starting price of $349 for the real thing. makes -- fakes are popping up on stores and e-commerce sites. be careful foles. liz: that took 12 minutes we started to see knockoff. 80 for a knockoff is pretty cheap. compared to 349, which is the starting price of an apple watch is extremely cheap compared to the 10,000 one you can also buy because it is all wrapped in gold. we did the math to find out if you're getting what you paid for. here it is. the gold itself costs about $2,000 on the price spot we looked at today. the watch itself, through in $549, maybe sort of higher end of it. maybe a few hundred dollars for production, labor, et cetera. and then they turn around and sell the highest one for $17,000? folks, that is a 700% markup! we are back with our panel. what do you think, cheryl? if people pay it, kudos to apple i say, wow? >> but i mean okay,

. >>> plus is the the old saying an apple a day keeping the doctor away actually rotten advice cecilybe tracking rotten weather tomorrow with rain and wet snow but later in the week temperatures climbing in the 60's a i will have tea tails in the accu weather seven day forecast. >> all right cecily. >>> our any eagle about to arrive in the nest ducis rodgers has the late mess ports when "action news" at 11:00 comes right back. i've got a to-do list and five acres of fresh air. ♪ ♪ top three tools: hammer screwdriver, front loader. happiness is a drive-over mower deck. a john deere dealer can teach tractors to anybody. in the right hands, an imatch quick-hitch could probably cure most of the world's problems. that's how we run, and nothing runs like a deere. see your john deere dealer for great deere season savings on the one family subcompact tractors. norwegians are free to do everything under the sun. free to cruise at their own speed... free to explore their own way... free to discover a new world of taste... free to smile wider... applaud louder... free to live fuller, deeper, and

but i may very well buy one of those. >> somebody gave you an apple product. >> an ipod. gave it to my boy to have him show me how it works. my chances of getting it back are between slim to none. >> one just left town. it's great that you're in town to talk to us. thank you so much. wishing you the best. ronald wan wayne the original cofounder of apple. the other big news, apple pay. latest victim of hack attacks. the mobile payment platform that was touted to be safer than traditional credit cards. in and of itself hasn't fallen prey to a hack attack. the banks are finding charges for very big-ticket items that they never tap their phones for. but apple is not really to blame here, at least some say. whose fault is it? vice president of payments innovation. tim sloan has his expert opinion. people are saying, wait a minute. wait a minute. i have apple pay too. i haven't used it. i'm more like ron. i have to be taught how to use this. whose fault is this? >> this is a failure on the bank's side. they were supposed to be authenticating the users that were asking to have a

as apple can -- an apple cannot really do that. r prescription medications. dartmouth medical school found avid apple eaters didn't have significantly less doctor visits but they filled fewer prescription medications. one more reason to have an apple. and they're delicious i think. >> i agree. i love the crunch. good for you. >> it is 6:27. following some breaking news coming to us out of virginia. >> swat teams have a hospital surrounded for an active shooter search. more on who the suspect is. we'll be right back ffee drinking world, dunkin' has a dark roast coffee that's deliciously roasted just right for a bold start and smooth finish that's never bitter. put down the dark roast you've been putting up with and reach for the one you deserve. every cup has a story... dunkin' k-cup packs are my life. we're a good fit. a single serving for myself. it's pretty special. it is like having a dunkin' store in my home which is what i've always dreamed of. get two boxes of dunkin' k-cup packs for $16.99. your coffee, your dunkin'. >> ♪♪ >>

imagine they would have done a round watch, it would not have looked like an apple watch. i think it's a brilliant design for apple. even if for my own taste i prefer a little bit more sexy. but everybody's different. >> he did suggest it could hit the bottom end. oliver is one of the analysts behind the survey. the main takeaway seems to be by fossil. it's got 10% upside here. >> yes. we are excited, simon, about fossil. what i would say -- i agree, consumers care about sexiness. and i think traditional watches really will play a role in the future of smart watches. we think smart watches will be a $10 billion market over time. but traditional watches wearables, and the fashion component is really important. so i think traditional watches can play alongside an apple watch as well. >> i mean, i think to many people it's blindingly obvious that they're two very different functions. you might have an apple watch to control the music, the lighting the internet of everything around your home. that's very different to a traditional watch, which might be a family heirloom. two v

olivia: will you buy an apple watch? kevin: an apple watch two, maybe. successful. olivia: all right. looking forward to the conversation. josh wright, thank you so much. tom: a conversation with one of our favorite guests. our comptroller. scott stringer on shaking up the boardroom. futures up three. this is "bloomberg surveillance ." good morning. ♪ tom: good morning, everyone. "bloomberg surveillance." let's get to a morning must-read . i sent an e-mail to olivia. olivia: i deleted it from my server. gail collins writing in the new york times. hillary clinton comes back. kevin roberts with us. how should hillary change her messaging? we have seen her tweeting "grandma knows best." kevin: it starts with this quote you just put up. the new personality. the difference between clinton and most other people is personality. they have one and she doesn't. it is a bigger problem than messaging. olivia: what would you advise her for messaging? i don't understand this litmus test of what i want to drink a beer with her. kevin: she shouldn't retire and disappear

a lot of underperformance has to do with apple down 7% from the 52-week high. keep anye on the shares of apple to see if the sell-offs continue. european stocks not following u.s. markets. we have been seeing green across the board specifically the xetra tax. we're seeing the ftse 100 a gain. and the french markets in positive territory up about 32 points. keep in mind a lot of equity rally we've been seeing in europe has to do with what we're seeing in the currency market. the weaker euro and the stronger dollar. a boom for the european corporate and corporate earnings. goldman sachs says in six months they see it reaching parity with the u.s. dollars. the last time they shared the same value was november of 2002. >> thank you. >>> switch focus to asia. stocks in mainland china hit a five-year high after the government had plenty of policy to fend off a prolonged slow down. shanghai is up 2%, and hong kong up 0.5%. now we get out there live. >> thank you, willfred. it was the end of the parliamentary education and the chinese premier held the once a year press confere

an interestiting year. rebecca: what i'going to b watching, , because i'm kicking myseself that i never bobought apple stock it's an intestingg showdown. i think apapple ll keep going up and the watch willll be big. want one. i need one. i was fascinated howow samsung took a bite out of the apple this week with their n new samsung 6. as one person said on twitter this week, apple who? anybody goining to b be lining up to geget a watch? >> i wear aatch. rebecca: will you get an apple watch? >> probably not. the handset market is commmmoditing. >>>> common sense>> this week on "government matters" -- >> sometimes patches were left uninstalled for up to three years. >> the federal aviation administration needs to fix critical vulnerabilities on its computer networks or risk cyberattacks. >> across the gornment the are getting better at reporting those incidents. >> feral agencies are still dropping the ball on the use of smart cards. omb is cracking down. >> it's a means for the indy -- executive branch to enact changes that d't require an act of congre but ultimately can lp save the taxpayer money. >> housing

. >>> an apple analyst was asked about whether the watch will be a hit. >> many bet that it will be. there is a few who say they just cannot see the appeal. tim cook updated the world on monday. this was very unusual for apple. the watch was unveiled last september and this is the second time we have seen it. it will be available for preorder on april 10th. what we didn't hear was an example of what gives the watch something that the phone doesn't already have. okay, it is a fitness band, but is it just a small screen of a phone that you have already paid for. it lets you open your hotel room door, but you can already do that with your phone. we did not see an app where we said oh, that is why you need an apple watch. >>> happenle shares sank a little bit. markets were covered a little bit on monday. >>> 15 years ago today, the nasdaq hit their highest point of all time, and i don't know if you remember what happened, down 70%. 70. but the glass half full kind of feeling, we're back. >>> 5:54 right now. there seems to be an app for everything including a way to sweeten up a friend's

>> i'm actually supposed to be online getting getting cedric an apple >> larry: because you tier one try to. even among activist circles, it's hard because you're in a system where it's everywhere. it's almost like being an activist now is just knowing about it so that you can talk about it over brunch. (laughter) you know, this is really bad. but i think, you know, as it goes along, you know, we have to examine the choice and look at the information because even workers here aren't making a living wage much less overseas where they're making a dollar an hour. it's really incumbent on us because when you get down to it we're participating in modern modern-day slavery. >> larry: in some cases. daymond, you're a shark. >> yes. >> larry: what's the real deal? >> a shirt can go from 12 factories everything from the buttons, things like that, and one can be a shady factory. we have a strict contract saying you don't use child labor. we don't go to the factories. we go to the agent and they source it through as many different factories as they can. >> larry: if we knew animals were making

what i see apple doing is making an investment into the battery factory and helping tesla raise capitalthing because they need to spend billions more to advance the battery development in their factory. what apple wants to do is own every screen everywhere whether on a plane in your car, on your phone, watch, whatever, they want to own all the screens in your house, apple tv, for example, and the tesla has a beautiful screen just waiting for apple software and so i see a synergy here, i see an opportunity for a deal that i don't see it as an acquisition and apple will not be getting in to the car business, the margins are not close to their normal margins. >> you know what, ross, he could have said, we're not interested in buying a car company or he could have just said we're not going to do that. but i mean he was kind of coy about it saying i'm avoiding the question. i don't want to make too much of that but he's been more direct in the past when asked questions of that sort. >> i agree, but i think that's because we might see a strategic investment from apple into tesla not buying th

i say i know it's going to be a hit because it's an apple product. ple basically put anything out and people are going to buy it? they can make up a -- oh yeah you really need this gizmatron for your kitchen and everybody would buy it because it's apple? >> at this point they have a strong enough track record with innovative products, at the end of the day we're going to be suckers and try them out. what's most interesting about the watch is not what happens at launch. this is the tip of the iceberg. and once they're out there in the wild and developers start trying new things that are a little bit off brand or maybe etch conflict with apple's ideas of what ought to be happening with the watch that's when things are going to get interesting. part of what's so interesting is apple has this huge huge footprint. they have a massive app store, massive user base. it's completely different than an upstart company trying something similar. >> i guess in the doomsday science fiction world or whatever when we talk about the advance of technology you talk about

. >> it's a security take down inside an apple store.

. >> it's a security take down inside an apple store. >> you probably didn't have an appointment. >> how the wrestling match with an irate customer takes an unusual turn. and a shake and wake, you don't have a problem with possum. >> this guy has a problem. >> don't walk away from you. i like you. >> see the confrontation caught on camera. . >> she's got you trained. i love it. >> i sympathize. >> that was so cool for a second. >> this was placed into facebook by queen street custom kai, it's a video shot professionally. they are to go these high performance moves up and down the street. it's a little irresponsible, but it's getting a lot of attention from the police, and they worked an entire story on it in australia when they went behind the scenes to find out who was responsible. when they started looking into it they went into a bunch of number plates. it was variably visible. >> the people hunted town the guys who went down. >> it's organized by the local council and they're all blocked off with the local area commands. however, the police called saying they would not have been

i am an apple shareholder. playing around. you had one of the watches. >> right. y is a big day for apple. the height is on. i should not make fun of them. oh my gosh. keep your wallet and. you could see it in. we will learn a lot about the functionality. >> i want a list of what it does. >> to the guy that sent him a text or tweet or e-mail to you that would be like you say i have a typewriter. what do i need a laptop for. it does a whole lot more. a robust intelligent interface. on the screen, it is so and tell a jet. it actually is the first kind of a like tronic watch or smart watch i would want to put on my arm. i am a guy who is weighing style and fashion. i am a traditionalist. it means something to me. this object means i will either have to do with the apple watch over here, or you will have two come out with some very compelling reason. you have three levels of this watch. you have the 18th. old watch that goes up and up and up. five-$20,000. we know that they have revamped their stores. what it does is big. stuart: i cannot get in a word edgewise on my o