in apple. we'll keep an eye on that through the next couple of hours. thank you, gentlemen, for your thoughts on today's market action. >>> let's get to josh lipton breaking down some of the other big movers. josh? >> less than an hour to go before the closing bell. let's reveal the big name movers in today's session. starting with apple. announcing the latest version of its desktop operating system called mavericks. the ceo saying the company's apps store hosts 9,000 apps and unveiling the highly anticipated itunes radio. interesting to see pandora as well, the internet ready service provider and competitor in joining a pop here. and another thing to watch, soda stream hits a new 52-week high. the company cancelling an appearance at an oppenheimer appearance later this month, analysts say investors are speculating that the cancellation implies something bigger for the company. remember, last week lots of rumors that pepsico was buying soda, a rumor that the ceo denied quick. another name in th

it's up to apple to bring it back to apple. >> so i have breaking news on apple, actually. off a new itunes iradio streaming service that has customizable stations. that, they are talking about right now. >> great. >> great, you don't care? >> they are playing catchup. they are catching up to google, offering a subscription service for music, helpful for the system. >> let's talk about this stock now. if i'm not in it, do i get in it? >> get in it because, again, from a product flow stand point, we don't know a lot of details other than this fall or next year as far as the timing of the new devices. i think where the stock's trading today, it is very, very low, the repurchase plan supports the stock, and the downside is minimal. >> they got beat up lately, tax hearings, you know, the tax patent loss, and, of course, the tech slow down we talked about has somewhat changed, tech's picking up, but al factors are against them is the new phone and tablet enough? >> i think it can. you know, the buy back supports the stock, but innovation drives stock higher. those two items, for

want to buy apple? you better have a lot of dough. 100 shares will run you more than $44,000 at this point. dan's one by two call spread, which you can use only against a long position, cost nothing to put on and could knelt you a gain of more than 5%. not bad. >>> let's move onto our next option. here, it is a company that seems to be doing everything right these days. gm making a return to the s&p 500 this week. the treasury unloaded another 30 million shares of gm. the stock has been on a huge run, with shares up 60% in the last year. mike, what do you make of this run here? >> obviously, the new gm has really capitalized on something most people think of as the fuel that's been driving the housing rally, which is low interest rates. low interest rates help promote the purchase of cars. there was a very big lag. we went into the credit crisis. people weren't buying cars. the fleet age is basically at an all-time high. what you are having is now car affordability, much like home affordability, has rea

tv - not "the" apple tv, the old apple tv - a refresh of that. so i don't really think there is going to be anything that great. we see pandora selling off very hard this week on news and rumors that apple might come out with this radio station. if there's a glimpse of the radio station, it might rally, but i think as history has shown us, it's going to rally up into the event, and then on the event, it's going to be very disappointed and sell off. - we will watch for those levels, andrew. thank you as always. - thank you. that's it for now. coming up tomorrow, o.j. futures are returning big money - but a growing problem in florida could peel away those profits. find out why on the tuesday show. from all of us at first business, we hope you are off to a great start to your week. >> announcer: the following is a paid presentation for the nuwave oven pro, brought to you by the makers of the nuwave precision induction cooktop. [♪.. professional chefs create great-tasting meals from years of experience and by using professional equipment. and now you

apple was up, pandora was down. we get the news throughout the day. apple was off.umor and sell the news and pandora moves up. apple will have streaming music. i will be able to create your own radio station. once the news broke, apple sold off. pandora has 70% of that market share. >> the stock is seeing a nice little jump after stiffle nicklaus addressed the company. theyysaid they would be able to monetize the business. >> monetize in particular. near term things that are good news for facebook. bad news is already priced in. they're talk about back to school and that type of seasonality, which could help them. the fact we talked about monetizaton of instagram. how about video ads they have planned to install. so these are type of things they think can be up side catalysts. >> david: couple things weighing on homebuilders. one, interest rates going up that could lead to a downfall in home building there was a big downgrade at jpmorgan. tell us about it. >> i have one more for you. put it all together. jpmorgan caught lennar. valuation call. fundamentals don't nec

why would i go to our device over apple? >> the apple is worldwide, we only focus on the u.s.arket. in the u.s. box market the streaming player market, one of the fastest growing ways to deliver television over the market, we split 90% of that market almost evenly with apple. i just checked on the bestsellers list and the roku three getting rave reviews, we were number three on the bestseller list and apple was number eight. why do people bias versus apple? we have a lot more content. everything from time warner cable to hbo go. apple tv is more of an airplay box, an extension of your itunes ecosystem. lori: 800 channels, that is a lot of content. in my naive world, that is a lot of clutter. what does roku due to simplify the content so viewers can find what they look for quick and easy? >> one of the things we get great reviews on is the user interface. we try to make that very simple. we have things like search, you can search on roku for your favorite actor or director, we will show you where a cross-platform you can find that content. it is really working on our user inter

and apple promises it's not snooping on you as do yahoo microsoft and a handful of other tech giants this is in response to get i'm not either story of government eavesdropping according to the washington post and the guardian and nine u.s. internet companies give the f.b.i. and national security agency director access to their central server allegedly this includes the ability to extract r.t.o. video tabs toggery e-mails and other documents this is not good news for the i phone maker which is already failed to get antitrust case launched by the justice department but the spying allegations are true at least discovery should it be necessary unnecessary we're talking about this case where you run broken the president of iran institute next here's what's in your prime interest. i've been making a lot of headlines recently probably not the kind of press they were hoping for with the new c.e.o. who's been criticized as not innovating since the untimely death of steve jobs the company has faced. a full lou complains only today the company denied the press reports that it sharing sensitive

that's a long time for apple.urs they're going to unveil new products potentially at their developers conference in san francisco. john fortt is in position for that later in the day. welcoming welcome. good morning. let's put to one side whether or not we're going to get an update on siri or new apps and and concentrate on the meat the new operating system, mobile operating system, ios, which is for the iphone and for the ipads. within that, do you think there will be anything to move the needle for investors? >> well, i think it depends how you look at it. i mean, look at wwwdc. this is apple's most important, strategic show of the year. they've got developers here. teaching them things about how an's apple's going to work going forward. since they stopped launching iphones, there hasn't been that kind of hardware news out of this that investors love to see. one of the important theme to look for, foundation of apple's old ecosystem are shifting. look at the pillars. itunes music, you tend to use ipod and iphone

now, apple is vowing to fight the ruling in federal court but samsung isn't just challenging apple in the legal world. it's challenging apple for its dominance. new research shows samsung may have overtaken apple in the u.s. smartphone sales in may coupled with scrutiny from congress over corporate taxes, could this apple be headed for its expiration date? i'm joined by andy hargraves. andy, can apple recover or are the glory days over? >> depends what you think glory days are. is it going to be the growth engine that it once was? no. i would be shocked if it ever was again. >> about the patent issue in particular, the idea that they can't import any more of these and they are made in asia. they can't bring them in because international trade body said they can't. you think it has minimal impact on the bottom line for apple? >> yes. the practical implementation of the ruling is apple can't sell iphone 4s and ipad 2s to at&t. by the time the ruling goes into effect, if it's not vetoed by the obama administration, the iphone 4 probably won't be for sale very much longer. the reality is

. >>> apple's battle plan. tim cook focuses on mobile and shows off the company's newest product during his first event in the more than six months. >>> and pain at the pump, gas prices are surging in the midwest to record levels in some places, what's behind the drive higher that has motorists fuming. we have all that and more tonight on nightly business report for monday june 10th. >>> good evening, everyone. techies, developers, investors, everyone was anticipating big news out of apple's annual worldwide developers conference in san francisco today. apple did deliver. announcing a number of new products, and updates to its mobile operating system. but did it deliver the hit that analysts say apple needs to turn around the company's stock? john fort was inside today's big apple event in san francisco. tell us more about the big news today, and the reaction inside the room? >> this announcement or these announcements were the kind that tend not to get people that excited at first, but they're really important

, apple, a. let's look at the stock. there it is, 446.92, and up $5 a share right now, as you see. this is ahead of that big event that scott and the team are monitoring out there for us, and we're going to watch very closely throughout the hour of "power" today. the stock in that range, 445, 4456, 447, likely to move up or down in the next hour based on what comes out of that developer's conference out at the mosconi center in california. within a tough year for apple, of course. year to date, the shares, as you see, down 16% so far. the event is getting under way right now. we expect mr. cook to take the stage momentarily. we're going to take you inside the hall throughout the next 60 minutes so you can see and hear firsthand what cook and his other chefs have in store for the company and the consumer alike. sue is down at the new york stock exchange, but we start in san francisco with scott wapner as we wait for that big event to start. scott? >> reporter: absolutely, tyler. thanks so much. ti

apple also went to trial on monday as part of an antitrust suit the justice department brought against them last year under the sherman antitrust act the suit named apple among with five other publishers who already settled with the government and alleges that they engaged in an e-book price fixing scheme and i had a chance to talk with ron brock of the iran institute earlier and i asked him about the merits of the sherman act pacifically whether or not the justice department is out of balance in this case and here's what he had to say. yes i do think through out about it because i think the law is inherently you know it's not just unconstitutional you know that's against the supreme court has decided is i disagree with them but it's all the true that is no matter what a business does it lands of violating the sherman antitrust act if prices were high then you obviously have a monopoly if prices deemed too low then you're trying to dump into the market in trying to drive you competitors as a business if your place is exactly the same of as all the other competitors then obviously must

. >>> apple's stock price trading below. what the company needs to do the once again impress investors and companies. i will have that just ahead as kpix 5 news continues. ,,,,,, construction on the one sou- market building officially n this morning with a ound-breaking in dow >>> a new high-rise apartment building joining san jose's skyline. construction on the one south market street building officially beginning with the ground breaking in downtown san jose. this is the first new high-rise project since the economic downturn. it is expected to create hundred new jobs. it will have retail space, housing, and a parking garage. the luxury building is set to be ready in 2015. >>> some residents in marin county are pretty divided when it comes to affordable housing. an don knapp explains, some feel this will cause more problems in their community. >> we're asking. >> reporter: with grim predictions, residents of this county show opposition for the county's plan for affordable housing. >> high density housing would increase the

in apple's price as an indication of a bleak future for apple and that recruiters are seeing more and more employees of apple applying for jobs at other tech firms including google, linkedin and even hp. a lot of old school tech names underperforming the markets, cisco near 20 bucks a share and intel down 2% to 3% last time i checked. mandy? >> thanks very much, seema. >>> forget about the summer swoon, let's talk about the june swoon. we current numbers. june traditionally the worst month of the year for the dow. in fact, over the past 20 years, dow stocks have fallen on average 7.6%, more than august, more than september. joining us now to dig into this and everything else going on, david lutz and jack ablin and herb greenberg is here. jack, i have to begin with you because you called our attention to some data that you and your excellent team at bmo crunched which is absolutely mind-boggling. you hear the sell in may may go away and we're thinking it's some old wife's tale and your data proves that it's not only accurate but stunningly accurate. >> may through october, november thr

there is someone out there betting against apple and bidding for pandora. >> i would not be buying applenything along those lines. i mean to me it's just a service to keep more customers attached to the ecosystems of the console more funds later. in terms of what it did in the last hour, i think it could just as easily be buy the rumor, sell the news. i wasn't expecting that. most people aren't, but maybe there were people buying on hopes that something could happen. that's what i would make. again, i would not buy the stock based on the radio. cheryl: okay. thank you very much. david: thanks. what about all those other companies that rely on apple's success? we have one of those companies' ceos from apple's worldwide developer conference live from san francisco coming next. ♪ ♪ david: a lot of folks to do business with apple were anxiously hanging on every single word of the announcements made today at the apple worldwide developer's conference in california. cheryl: robert gray joins us now with one of those companies. >> reporter: that's right. before we get there, one of the headline

the headlines starting to roll out of apple's big conference. we'll tell you what's been announced, and what history says about buying the stocks right now. plus, a man who says stocks in general are starting to look bubbly and not in a good champagne way, and knots to be outdoane done by dung doernt-- donuts, what krispy kreme is doing. >> i'll have to stick around for that. something to ponder. if the dow can get back in the black, stay in the black and close in the black it could have its first three-day winning streak since april 30th. haven't had a three-day losing streak all year and haven't had a three-day win streak in a month and a half. let's get straight down to the trading floor to see what's going on. bob pisani and rick santelli in chicago. bob, this morning the s&p upgrade, an endorsement that we're healthier, good to see stocks reacted well at first so why have we lost steam? >> other things besides that. by the way, the s&p announcement i think was good news. long term it should help lower the borrowing costs and short term we'r

not apple bank, apple the tech company. you know, the ipod maker.the street after a story on the street.com. joining us now, analyst tom forth. also colleen taylor. colleen, ladies first on "street signs." do you believe that the pass book feature which i just use for airline tickets at this point, will become a big mobile payment system for apple some day? >> you're right. this is not exactly new third party apps have been doing this for a while. bump, you mentioned. square, which is a start-up, but a big one. google tried with google wallet. making this into an android operating system. people haven't completely signed on. i think people are nervous about the security of using their phone for their credit card. it took decades for people to get used to using a credit card from cash. so making the leap from credit card to smart phone, but if anyone with do it, maybe it is apple. >> they are already, by virtue of itunes, where do you think they will go to? >> they have all of the pieces in front to do more on the payment front. many accounts with cr

other apple products beyond the iphone.atch that development too. that may be helping out the stock as well today, cheryl. back to you. cheryl: i'm still waiting for apple tv. >> that's right. cheryl: rumored for years now. i would love to see an apple television. they could rock that, couldn't they? >> great point, whether or not apple tv is on the horizon soon. so far, word on the street, cheryl, only seeing a reboot of the computers including the pro, and the integration of the siri beyond just iphones. back to you. cheryl: a big apple computer. liz, thank you so much. >> sure. cheryl: closing bell rings in 50 minutes from now. chrysler says it will not comply with the government recall of 2.7 million vehicles. is that going to hurt the brand, or is that going to help the company? we'll talk about it next with one guest. plus, executives, they are fleeing from google wallet as the division changes course. where are they going? to work at this, mobile payment company, brain tree. coming up, we'll talk to the ceo, bill rea

apple is said to not be interested in doing the same. the final decision will be made by the judge after the trial wraps up in three weeks t judge told the court, she has a draft of her decision based on the 834 documents and 50 plus depositions submitsed. she believes that they've enough direct evidence to know that apple participated in collusion, but trying to ensure the court that it does not mean the cards are stacked against them going in. >> if apple loses, it will depend on whether amazon wants to continue to drive prices lower. if apple wins, it's not clear that will change much too. it could be that amazon does not intend to drive prices. >> if apple lose, they will likely have to pay monetary damages and it could open the flood gates for lawsuits. >> well to detroit, the big three had double digit sales growth. and general motors had its best month in five years. phil has more. >> and tyler, across the board, almost all the automakers reported sales that were 1 to 2% better than what was occurring. if you look at the numbers,

why is apple fighting?cing agreement it made with publishers is fundamental to apple's business model. they take a flat cult of everything they sell, books, apps, movies and music. i think apple's fear is if they settle out of court on the books issue, the conditions of that settlement with the department of justice would affect its other businesses. apple simply cannot afford for that to happen. the case dates back to steve jobs. in the introduction of the ipad. that's wheneá apple started offering electronic books via its ibooks store to take on amazon and its kindle. amazon has priced every book in the store at $9.99. steve jobs proposed a different pricing scheme in an e-mail to rupert murdoch, a publisher. he said, throw in with apple and see if we can all make a go of this to create a real mainstream e-books market at $12.99 and $14.99. the department of justice will argue you have conspiracy and price marking right there. one could pak the counter argument, i think apple will, if anybody was fixing p

zero heartbur liz: the united states verses apple.berately try to fix the price of the-books? we will handicap the case and talk about what it might mean for apple and shareholders. intel inside. the portfolio and not just your electronics. the chipmaker kits an analyst upgrade. does that check by -- the tech giant far underperforming the broader market. and we keep hearing about the fed's new stock market. all the names that are flying high because of it. who is getting clobbered as a result of the bond buying program? we will tell you which stocks to avoid. "countdown to the closing bell" starts right now. ♪ liz: could afternoon. i'm liz claman. it is the last hour of trading. we need to talk technology. as you just heard, breaking news from ashley and tracy. shares had been halted after announcing layoffs of some 520 employees. looking at the stock right now, still moving slightly higher. you saw the spike after the news because sometimes the market

apple invented that look, and these guys just followed apple so people are saying apple, why didn't you take another leap forward? on a light hearted note, look at this. kind of looks like all the apple execs on the stage wearing the same shirt, one button unbut tonight, untucked, different colors but almost like a. >> are we being too tough on poor old apple? >> the expectations are so incredibly high it's going to be impossible for apple to ever meet them. for apple building a $1 billion business is nothing. the market is not going to get that excited about it. if you launch streaming radio, the market won't get excited about that. they are looking for the next ipad and next iphone, things that can be $10 billion, $50 billion businesses. >> how much does this have to do with tim cook, or does it have nothing to do with management? one of those evolutionary things where there's a company that comes out with a lot of innovation and then it hits a peak or plateau for a while? >> i have this piece on cnbc.com today saying don't blame tim cook. people want to blame tim cook. fact, is he's

give me a redd's apple ale. [ male announcer ] redd's apple ale. crisp like an apple, brewed like an ale. [ male announcer ] redd's apple ale. i'm here to snake the drain. i'm here to flush the pipe. vo: liquid plumr double impact has a long snake that reaches deep in the pipe to grab the toughest clogs, and a powerful gel to finish off the rest. baby. liquid plumr double impact. (tapping) we just, you know, i thinkore this wei'm ready now.t time. like before was just like the warm up. i can accept that. ♪ wooooo hooo hooo hoooo! ♪ ♪ [ gasps ] a little more to the left. we're trying our best, sir. maybe the round one.

for apple. courtney regan live at cnbc headquarters has a look at that and how futures are trading. courtney, good to see you. >> hi. good morning to you, jon. futures are relatively flat after stocks fell tuesday, with the dow snapping its streak of tuesday games of 20 weeks. jobs report and what it could mean for future policy. job growth, productivity, and factory orders. dow fell yesterday to 16,177. the international trade commission rules in favor of samsung and long-running patent fight with apple. the agency says apple infringed on iphones and ipads. iphone 3gs, ipad 2 made in china sold by at&t. it's likely apple will retire the iphone 4 when it launches iphone 5 later this year. president obama has 60 days to review the ruling. apple, of course, plans to appeal. >>> hybrids worldwide to fix the problem with the brakes. vibration may cause cracks in the brake, resulting in a loss of power. no accidents or injuries have been reported. the vehicles were made in 2009. back to you. >> court

for apple it's more like 300, is it mimi or does it seem like apple can't get out of its own way?is huge patent lawsuit against samsung, same samsung they scored a billion dollar judgment. now in a bitter long out struggle that apple can't afford to lose. what the heck has happened to apple. full disclosure here, i say this as a decades long apple shareholder. i lost company and i love the products. what has been happening to the company. their coolness if you will. after the death of steve jobs, maybe samsung it's a way of galaxy phones and i-4 device that can do everything but make your breakfast is eating apple's lunch. apple has lost its cool. haven-point heaven for bid, cheaper iphones. the days of apple charging whatever it wants because they know you'll want it more, those days are over. once apple gets its mojo back, when people think you have lost your mojo you have lost your mojo and more confirm and products sales slip and competitor's products get great reviews and suddenly the world has slammed shut on your future. i'm not saying it's too late to pry it back open. if

as delicious as mom's apple pie.n you get a company with this kind of rock-solid financials, at only nine times forward earnings, and when you get the design and engineering talent of cupertino, which is still extreme, you have to be a buyer of the stock. i would mention one further point that's important. it's completely noncorrelated. if you look at apple over the last year or so, it does not at all track the s&p. that's a very attractive asset of this stock, a great diversification tool for your portfolio to own apple. >> it used to, though -- i mean, there was a time when apple became a market bellwether. it was a leader in this market. why do you like it if it's not, now, steve? >> but, bill, i'm saying, that, to me, is what's interesting. i hated the stock at 700. >> right. >> when you couldn't find a bear out there. this shows wall street's thinking is all wrong. everybody loves apple at 700. everyone hates it at 400. >> yeah. >> that's backwards thinking. i'm saying that once apple lost leadership, it also lo

>> apple is definitely in trouble.t of justice has a sound case with a really strong evidentiary component. prices have fallen since the publishers have capitulated. that shows thht clearly this scheme had an anti-competitive effect. liz: where are apples vulnerabilities in your opinion as they prepare to fight this? >> i think what will happen is we're going to see a clear story of apple using these arrangements to artificially inflate the prices of books and to stifle the sale of the-books on the internet. that is going to give apple a black guy. you have to think about the trial of microsoft 15 years ago and how much that hurt its reputation. liz: let's just explain to people that amazon was charging about $9.99 per book when it was trying to get its kindle off the ground. end comes apple. and somehow managed to edge use the price up to about 1399. do you think that in the course of the trial we are going to get some perhaps unattractive oints above steve jobs to was there at the company at the time. lets just do th

apple unveiling new technology aimed at preventing smartphone thefts. plus. thousands of lightning strikes hitting northern california. sparking several dozen small fires across the bay area. we're tracking this unusal bay area weather. i'm pam moore. we'll see you at eight. now at eight. thieves call it apple picking and it happens in the blink of an eye. smartphone thefts account for half of all sannow apple is drawing applause from law enforcement. kron four shows you what the company unveiled today. >>we think this is going to be a really powerful theft deterrent an increasing number of smartphone owners in the bay area. are losing their expensive devices to strong- arm robbers. and kron 4's dan kerman has a look at the shocking statistics. and apple's new plan to make it harder toreacti >>dan: right now. san francisco district attorney george gascon is in new york. he is meeting with other officials. law enforcement leaders. and smartphone manufacturers to discuss this growing problem. gascon has criticized the manufacturers for not doing enough to preve

apple didn't participate at all today in this nice rally. >> i'm long apple, very disappointing. sure. >> the difference is apple's pu ratio got lower, so valuation wise, it's more attractive. apple's dividend percentage, what they're paying out has gone up. can't really say the same thing for a boom bust commodity. if you had the choice right now, whether you buy apple or gold, grasso, which one is it? >> i'm long gdx. my longs have gotten higher and my actual gold position the gdx exposure obviously got devastated. but a very small position in my portfolio. i'm holding on to it. there's always ha place for gold in your portfolio. and i think to john's point, once gold gets overdone and it has been overdone. once it pops the miners will pop more. >> there's always a place for gold in your portfolio, you're no longer sure there's a place for apple in your portfolio? >> i think apple -- >> that's an interesting story in and of itself. >> for me i think apple is more of a trading vehicle. gold, i don't like to trade around it because to karen's point, i have no clue what's going to

apple unveiled a new feature, an act vaegs lock.t's the kill switch so to speak that law enforcement agencies have wanted to put to use. it's designed to disable stolen iphones. it should make it more difficult for thieves to reuse or sell those stolen phones. >>> hear more what james clapper has to say about the leak on the domestic spying program. >> what do you think of the whistle blower, eric snowden, is he a hero or a traitor, text or call. we'll see you tonight at 6:00. >>> on the broadcast tonight, damage control. after the explosive exposure of our nation's spy program. tonight, new details about the source of former cia employee, and new questions about how many people have access to our nation's top secrets. >>> the cancer risk for millions of american children undergoing ct scans each year. doctors are now sounding the alarm, raising questions about how often they are really necessary. >>> high drama as the george zimmerman trial gets under way in florida. why legal experts say what's happening right now could have the b

that was really what we were good at at apple. you look at the big companies of technology, apple, google, all of that. all started by young people like yourself. these companies, every time they come up with any product, you say, this is a better world. we have something better better. when a politician makes a decision, half the people say it is good, happy people say it is bad. we never get a consensus that there is always one super good. very rare. i think the most important people in the world are the ones that run technology companies. [laughter] computers are getting more like humans. the one time i could write with my own hand, and writing and it understood me. not only did it understand, but when i clicked a button, the knot i had into myself was understood to be a calendar on a certain date and time with a note, pulling one of my daughters out of my contact book. forever, but changed my life. i want technology to work my human way. i don't want to think about ways to do things. i just want to get it done. computers are g

>speaker to get a gentleman's b+ because apple is very good. anything apple does is good. if you grade it against apple, b+, a. i spent a long time following this. meeissa: appreciate it, was fun. coming up on "money," should everybody be getting a hand out to eat hlthy? the controversial idea that says if you are on food stas you betterut out theunk food. can you evee have too much money? melissa: whether it is on wall street or main street, here's who made money today. anybody who owns mcdonald's. the egg white mcmuffin, which is fabulous, and the premium rep. sending the stock climbing 1%. also making money, investors and facebook finally getting a huge upgrade: facebookok on the most compelling investments in the internet sector. somebody bought it. losing money today, billy joe the piano man according to tmz bought it for 13.57 million years ago, but after all those real estate commissions is actually going to lose money on the deal. the fashion billionaire boss the waterfront palace. food fight, yes, another one over the food stamp or stamp program. our government se

. >>> a big blow more apple and a win for samsung. the u.s. trade commission is banning one version of an ipad and iphone sold by at&t, saying that apple's technology violates patents held by samsung. >> iphones, ipads, samsung galaxies, as physical objects they are mostly glass, metal and plastic, worth no more than a couple bucks. but the design and engineering that makes them work and makes them pretty? that is worth billions. and that is why samsung and apple, are at each other's throats in court and with regulators. yesterday, the u.s. international trade commission ruled in favor of samsung, saying that apple violated wireless patents with its older products. it's basically a moral victory for samsung. it will hit less than 2% of apple's revenue. >> in terms of total revenue, it's $680 million. and they will do somewhere around $35 billion, so it's a pretty small slice at this. and separately is that it's kind of a worse case scenario because a lot of people are going to an iphone 4 and if they cannot get it they will get a 4s or a 5. >>

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