apples he/eat -- apple's p/e is lower than facebook -- google or amazon.'t just make more with no-cost. if apple could build its software and services business and actually get revenue from it, then they could really get into a new category and, believe it or not, even with their astonishing current valuation, build on that. i do think that's a possibility. do i see evidence of that happening yet? no, i don't. i think apple has done a relatively poor job building services and software business. just one example, look at the apple maps compared to google maps. how many people on the iphone routinely use apple's maps? only people who aren't aware of how good google's maps are. they have a high bar to reach. selina: you read about how they are beefing up this app ecosystem. what do they do to make it even better, the software and services part? alex: apple traits that close to 16 times -- apple trades at close to 16 times. what drives growth, the app store. gene munster estimated it grew 40% last year to 8.6 billion -- $8.6 billion, so it's a tiny slice of th

apples share of sales -- apple's share of sales edged past samsung ever so slightly, by a margin of just,000 phones. before that, samsung had beaten apple every quarter since the end of 2014. sizes,'s s8 comes in two both larger than the latest iphone. the s8 comes with encrypted facial recognition and a virtual usersant to give samsung an equivalent apple's siri or amazon's alexa. is it safe? the company has been touting a new eight point battery safety check in commercials released earlier this year. investors appear confident with samsung shares trading at a record high, but samsung faces another test later this year when apple is expected to roll out the 10th anniversary version of the iphone. selina: that was bloomberg's caitlin meehan. -- kaitlin meehan. is this the product that turns around samsung's fortunes? joining us is ronald lummis -- llamas. also with us, david kirkpatrick. ramon, it's been a rough few months for samsung. been one negative headline after another, exploding the heir apparent caught up in a corruption scandal. can one phone turn this around? mon: one phone is

the apple ii remained an apple product for an astounding 17 years. a few years later, ibm joined the party. apple took out a full-page ad in the wall street journal and said, welcome ibm. seriously. the ibm pc was not the most advanced computer, but it had the very important job of legitimizing personal computers for business. until this time, most businessmen looked at these microprocessor-based computers like the apple and the commodore as basically toys, suitable for home or education but not business. it took ibm's entry into the field in 1981 with the pc to finally put a stamp of approval and legitimacy on the pc. you could actually do business tasks using an ibm pc. , being atial strategy purveyor of mainframe systems, was to protect the mainframe at all costs. that was generating their billions of dollars in profit. a mainframe computer is literally a room sized computer filled with spinning tape drives and hard drives and people running around. the ibm pc was initially viewed as something that was connect -- something that would connect to th

sales of few years of the lisa and the in total, the apple ii remained an apple product for 17 years. later, ibm joint the party. apple took out a full-page ad in the wall street journal saying, welcome ibm seriously. the ibm pc was not the most advanced computer, but it had the important job of legitimizing personal computers for business. most businessmen looked at these microprocessor-based computers, apple, asrs 80 and toys suitable for home or educational environments, not for business. entry in 1981 with the pc to put a stamp of approval and legitimacy on the pc. you could actually do business using an ibm pc trade ibm's initial strategy was to protect the mainframe at all costs. that was generating billions of dollars in profits. the mainframe computer is a room sized computer with hard drives and tape drives and people running around. the ibm d.c. was initially viewed as something that would was initially viewed as something that would connect to mainframes. we are now in the networking and web gallery. what we have beside me is google's first web server. at the time, google w

right now, apple is about 25% above the moving average. in 2012, apple was 27% above.harply quickly. in 2015, it was 29% above the moving average, sideways and a dip. this might suggest apple is overextended in the near-term so there could be a pullback for apple. caroline: nice technical indicator. talk about some of the sectors within tech that did well. some chipmakers are hot. >> you are right. we saw lots of chip stocks trading higher. the chip index outperformed the broader markets quite nicely. at one point, up more than 1%. in addition to nvidia and intel, we also saw strength out of micron i had the report on thursday. there's lots of bullish call activity. rise up more.m.c. than 6% on bullish comments. the analysts thinking there is more upside available relative to revenue. look at the one-year chart. the stock is on fire up more than 400% over the last year. a big turnaround. one point to be made. is this sector overextended? the bloomberg analyst told me recently he has a big concern about valuation. 3925. look at this is a long-term chart of the stock. th

of the apple ii it keeping apple afloat. the sales of the first two were very disappointed. ii remained apple ii remained a product for 17 years. pc when it came out was not the most advanced computer that it had the job of legitimizing personal computers. you could look at these micro processor-based computers as toys or for educational environments but not for business or it it was ibm's entry into the field with the pc that legitimized this. you could actually do business, you could do tasks with the ibm tc. tore initial strategy was have a tech mainframe at all costs. that was generating their profits. computer --m sized the ibm pc was something connected to those main frames and could stand alone. networkingin the gallery, what we have here is google's first server. at the time they were a small company, what they did was they built their equipment on the cheap. they went to a store and bought a bunch of ibm circuit boards and mounted them on this. this acts as a search engine did if you did a google search in 1999 or 2000 there is a chance your search went through this

apple is a company that knows how to execute well. it will be interesting to see if two things they can do with this notion of video added, augmented reality, whatever they want to go in next. one is create a piece of hardware for augustmented reality, secondly to somehow or another attach it to a social network. >> do you think this clips ad is heading more in the direction of ilife for social, apple sort of trying to build apps that enhance the social experience and improve the platform or is this something they are trying to do as a part of their services strategy, where they might charge or make revenue some other way? ba us the iad didn't work, other efforts social seem to have fallen somewhat flat? >> yeah, this is if you really dig into this clips, it's more a non-except tier to snapchat when i originally thought because they don't have a network, it's sharing wit your friends, can you upload it to instagram and twitter, for example, so i think that piece of it is pretty set in stone, they are still learning how they can. longe

also 16% right behind apple.nother earnings number we're watching, 56 cents beats by a penny, deliveries up 13. backlog up 18. repeated references to business sentiment, guys for lennar. as i said on twitter, the challenge may be finding electricians and contractors. >> yeah. actually making the deliveries because of the labor shortages everywhere. i do think that sentiment is leading the market here in housing. also, with the kind of continued felt meltdown in retail, investors are looking at other things. housing looks like it has a good supply and demand story. the entire home builder group, all the companies are something like 55 or $60 billion in market cap. moment depot is three times that. it is a high leverage way to play the comeback but had a good run. >> i noticed that usa today money section took out the health care stocks and looked at the relative position of strength given everything going on on capitol hill. the president there to talk about the new health care legislation. it's the second best pe

>>apple declined to allow us access to apple park, but ceo tim cook emphasize this campus is the visionthe late steve jobs, saying the workspaces and parkland are designed to inspire our team, as well as benefit the environment. we've achieved one of the most energy efficient buildings in the world and the campus will run entirely on renewable energy. >>apple provides connectivity throughout the world. we are about, i would say at least two thirds of our community are immigrants, and the conductivity that you get across, -- continents is remarkable. >> land once ripe with hundreds of acres of orchard, cherries and upper cut, are now home to apple park. >> the mayor of cupertino, obviously she wants more for the schools in her city. and what mayor would want that? but apple has done a lot for schools, not just here in california but also across the world. >>> 25-30% of apple employees currently go to work not using a car. >>sotomayor is concerned about that. you might have people coming and going, and the apple has committed money to caltrans and other agencies there in the valleys. and

in the case of apple, apple's known to be engaged in a massive product to do augmented reality.rybody expects a big totally revamp ed tenth anniversary iphone in the fall. so, i think that may be baked into some of this optimism about apple. they obviously just had a great quarter. >> so, walt, in your latest column, you talk about e-mail. it's not dead despite the rise of these e-mail services. spear fishing and those things wouldn't be a problem if e-mail were dead. what's next for it though an how do you think we should be thinking about it to keep ourselves safe? >> for most of us, i mean, there are some who still rely on it and use it for personal communication, but that's not true for most people an most of the age brackets. you have to think of it like your i postal pamail. you've got little stuff you're happy to find l in there. mostly stuff you're unhappy to find in there. some is junk and you want to throw itou away and some you wod love to throw away but you can't because it's bills. it's businessou communications d that's really what find in e-mail that r you don't f

there is that. >> reporter: the mayor who hasn't yet toured apple park will not say how much apple pays the city in taxes but would like apple to step up and contribute more when it comes to educating cupertino's youth. >> i would like to see apple more visible in the school snooze specifically. >> reporter: >> helping our children who have special needs and those who come from families that are disadvantaged. we would love to have that connection with apple. >> reporter: ceo tim cook emphasized this campus is the vision of the late steve jobs saying the workplaces and parklands will inspire our team and benefit the environment. we have achieved one ever the most energy efficient buildings in the world and the campus will run entirely on renewable energy. >> beyond all of that, apple provides connectivity throughout the world. we are about i would say at least two thirds of our city is immigrants. so the connectivity that you get through apple is remarkable. >> reporter: land once riped with hundreds of acres of orchards now home to apple park. headquarters for one of the world's larges

what boat did apple miss?uld it have gotten outside of the consumer technology or is it waiting to reinvent what we need to be buying next? david: i would not say apple missed some boat when their stock is at an all-time high. apple did the most amazing thing inventing the iphone and tim cook scaling it. steve jobs and tim cook was an amazing combination. one thing apple has never understood is social. not even in the slightest. you have to kind of get that. maybe even when we are talking about a.i. where the quantity of the data makes it work, and even amazon has that more than apple. and they are doing a ton with a.i. it may make a difference. apple has not understood how to think about a community of people in technology. that probably is hurting them. they are great at a personal device, not a community. caroline: suddenly trying to talk of the services side of the business and the billion units. david kirkpatrick will be sticking with us. several tech stocks hit all-time highs this week. we heard david ta

how much of that, toni, is due to apple? and how much of it is frankly due to the trump bump in the market itself? >> well, certainly, the market has appreciated about 6%, year-to-date. so, all stocks to a certain degree are benefiting from that. additionally, apple could be poised to benefit significant from any change in repatriation laws. so, you know, it's been batted around that ultimately, companies, u.s. companies may be able to repatriate at 10%. apple that has $230 billion in offshore cash, which many investors had discounted before. and i think increasingly, they're ascribing more value to that cash now, given that it looks like there's a good chance at repatriation, and i think apple's stwininstinct would be bring it all back. >> tony, it's jim leventhal. being long this stock, it seems to me like we're getting an early response to the upgrade cycle to the iphone 8. normally that's something that builds into the spring, into the middle of the summer and you start to think about getting out of it. do you think we'r

not,er this hurt apple or we will see.r what apple and their stock says, we take a look at another chart. this is g #btv 7224. the chameleon indicator that combined locks of indicators and makes it super simple, bearish showsred, makes uncertainty. we see lots of green from apple. it has been very bullish, accurate over the last five years. one exception was back in 2012 the strength could continue as samsung's bone comes out. samsung's phone comes out. vonnie: i love that. we will have a look at it because it is not an camouflage there. thank you. samsung has unveiled its next smartphone. the tech giant was forced to recall its last device over fire. on the is betting features and slick new design to take back the number one spot and sales. , sell its now is mark to us. the price point is between $700 and $800. why should we pay that much for it? mark: this is a big deal. it's a big deal for the phone industry and a samsung. we are seeing designs that focus on taller displays, sharpness of oled displays. there is a lot of

you know, you have google, apple, facebook, twitter, airbnb, uber, and so it's pretty much taken over the entire region. most of the tech companies are fairly close to each other, you know, traffic permitting, they're probably a 15 minute drive, most of them, one from another. you go up in the hills where tesla is with the headquarters, across the bay they have their factory. apple's in cupertino, we're here in mountain view at google, and sort of any direction you look, you know, you throw a rock, you're going to hit a big tech company. the technology firms in silicon valley play an extremely important role in the local economy and in the california economy. they generate billions and billions of dollars in annual revenue and employ tens of thousands of people, you know, hundreds of thousands if you put them all together. so they're a massive driver of the economy, and they're central to the culture here because, you know, just about every person you look at is going to be either working for a tech company or in a business that supports the tech companies or is in a business that mak

there are no users of apple services not on an apple device.o, clearly, if you think they've got a phone that's compelling more so than the last two upgrade cycles and you think we're going into this cycle at a four year high in terms o f the arch age of devices that people hold, which the nlist says are 6.4 quarters, those are very sold phones, if you think this is going to be next one to really drive the cycle that gets everyone excited, then surfaces are going to do better. if you don't think that's the case, you can want say services are going b to be great. >> think about this. think about this. a lot of people want to equate apple's services with amazon web services and it's not. that's the point. companies and they'll do together and grow with the iphone. >> i feel like i should leave now. i don't think i'm going to top that. >> coming up, jimmy's wall street firms taking a place on snap. 14 analysts initiating coverage on the stock today. watch our call of the day. it's next. it's next. various: (shouting) heigh! ho! ( ♪ ) it's off to w

we no at the story with apple.it will be on a dip, i'm betting on the phone coming out in the fall. if i'm looking for something that really has the potential to take off here, these two smaller ones are where you will get that kind of action. so i'd much rather be in there. >> dan has a way to play the big tech name for less. what are you looking at? >> if we play would you rather? i wouldn't be buying the stock. it has a three-and-a-half percent from yesterday mornings lows to today's highs, all that activity was pretty hot the stocks closing at all time high, it's up 50% from 52-week lows last february. if you are looking out to their q2, option prices are relatively cheap in apple right now. here's that breakout, it's pretty impressive. there is room down to 130, two, three, on the breakout level. option prices are still relatively low here. if you want to look out to earnings, maybe you want to define your risk or play momentum. you look out to the expiration, you could boy the may 145 calm, take $3.75. that's

skywards is the apple supplier. symantec in the security space doing well, and xerox having the best year since 2013. we have to bring it back to apple. this is the biggest holding in both the s&p 500 and the nasdaq. caroline and i have been looking at the technicals on apple for quite some time. we take a look at another -- it is not pulling up. actually, i'm not able to pull up that chart, but act -- apple can be a little variation -- bearish. signs pointing to the fact that apple could in fact trade down in the near-term perhaps to $120 per-share. that could point to a bit more of a pullback ahead. cory: interesting to watch skyworks perform spectacularly. abigail doolittle, as always, we appreciate it. ibm has a big cloud conference in las vegas. the company is focusing on the cloud because a lot of other businesses are not going well. they categorized much of their business as the cloud last year. caroline hyde has been on the ground. how is it? caroline: i am in the city of sin, and it has become the city of t

rumors that apple launched products including the new apple pro lineup, larger i see model and new appleds this week adding to the momentum is warren buffett's berkshire hathaway quadrupling its investment in apple in february. apple shares of fannie mae's run recently. dagen: and here's a look at headlines in today's edition of "the wall street journal." british leader theresa may face in her toughest test yet for eggs in the european union with the day for formal e.u. talks to begin next week or the prime minister may well embrace being bloody difficult brings uncompromising style to the bargaining session. the $100 million investment in an iphone rival. a smartphone startup funded by the creator of google's android operating system and part because the south bank's relationship with apple. wet winter pointed to sorry salads. threatening crops including leafy greens and on inflating to shortages and higher prices. lauren: coming up, a busy week in washington. why does what is the strategy greater health care reform, tax cuts and supreme court nominee on what we? we'll talk to republica

they seemed right since the apple logo is right on the front. >> i gave her an apple card. know what itunes means. >> reporter: judy figured she was out of luck until a friend heard her story. >> she said call channel 7 on your side. >> reporter: she did. we contacted apple and the company agreed to exchange the gift cards after all. saying if a customer reaches out to let us know they mistakenly purchased the wrong card, we work with them to do our best to resolve the issue as we did in this customer's case. now judy is singing a different tune. >> i would have given up if it wasn't for 7 on your side, and i ordered my ipad. i'm so excited. >> apple did not respond to the complaint its gift cards are confusing but says it will swap them out if someone buys the wrong card by mistake. itunes cards are only for itunes, not for hardware at the apple store. now, i want to hear from you, the 7 on your side hot line is open weekdays 10:00 to 2:00. 415-954-8151. you can also reach me through facebook and on abc7news.com. >> can you do something this weekend we should know about? >

apple unveiling new products. josh is in san francisco with all the details. >> this morning apple did introduce new special edition 7 and 7 plus phones. starting at $749 which are available starting march 24th. remember, when consumers buy these red products, apple makes a droiks a charity which uses the money to finance hiv and aids programs in africa. apple has done this in the past with ipods, cases and wrist bands but never before for an iphone. and they are replacing the ipad. it comes with a more powerful a-9 chip. the price has been cut with the basic model starting at $329. apple did also introduce clips, a new app for creating video to share through facebook. of course, they have moved hard into apple which has surged 26% in the past six months. the price target was just raised from $140 to $160. >> our believe is the s&p the stock very expensive. it is dramatically below the market and below peers. more over we do think that the iphone 8 cycle will be significant and we think there's upward revisions li

you have google, apple, facebook, twitter, so it's taken over the entire region. most of the tech companies are close to each other. there's traffic permitting probably a 15 minute drive, most of them one from another and you go up in the hills where teslais , their headquarters across that day i have their factory, apple and cupertino in menlo park, we're here in mountain view at google so everywhere you look, you throw a rock, you're going to hit a big tech company. the groups in silicon valley lay an important role in the local economy and in the california economy. they generate billions of dollars in annual revenue and employee tens of thousands of people. hundreds of thousands if you put them all together so the there a massive driver of the economy and their essential to the culture here because just about every person you look at is going to be either working for a tech company or is in a business that supports the tech companies or is it a business that makes money off of having these people here, getting paid well, doing the work in the tech terms. when

they seemed right since the apple logo is right on the front. >> i gave her an apple card. i don't know what itunes means. >> reporter: judy figured she was out of luck until a friend heard her story. >> she said call channel 7 on your side. >> reporter: she did. we contacted apple and the company agreed to exchange the gift cards after all. saying if a customer reaches out to let us know they mistakenly purchased the wrong card, we work with them to do our best to resolve the issue as we did in this customer's case. now judy is singing a different tune. >> i would have given up if it wasn't for 7 on your side, and i ordered my ipad. i'm so excited. >> apple did not respond to the complaint its gift cards are confusing but says it will swap them out if someone buys the wrong card by mistake. itunes cards are only for itunes, not for hardware at the apple store. now, i want to hear from you, the 7 on your side hot line is open weekdays 10:00 to 2:00. 415-954-8151. you can also reach me through facebook and on abc7news.com. >> can you do something this weekend we should know

. >> apple's massive new headquarters is just weeks away from opening. we'll take a trip to cupertino to see what it means for the city. >>> the wife of the gunman in the orlando night club massacre is appealing a decision to hold her bail. this comes as survivors of the massacre joined victims' family members and filed a lawsuit today against noor salman and her husband's employer. the suit claims that omar mateen's employer, the security company g4s had knowledge of his mental instability and his intent to hurt others and yet did nothing about it. >> i stand here in disbelief. disbelief that this man was able to make such threatening comments and was ignored. >> 49 people were killed at the pulse night club last june. it was the worst mass shoot nothing modern u.s. history. >>> north korea tested an intermediate range missile today, but it failed after launch. hard line finance on north korea. rex tillerson says all options are on the table. >> are these options on the table? nuclear -- >> nothing has been taken off the table. >> the missile test came

. >> still to come, apple is responding. what they've done to fix loopholes exposed in the wikileaks document dump. it's just a date. i can stay. i'm good. i won't be late hey mom. yeah. no kissing on the first date, alright? life doesn't always stick to a plan, but with our investment expertise we'll help you handle what's next. financial guidance while you're mastering life. from chase. so you can. >>> happening now, permit approved. the california glf is allowing oober to test two self-driving cars in the bay area. they are suvs. also buzzing on twitter, steph curry getting ready for a big game at oracle. watch him nail a three-pointer. it's okay to cry, right? no more! we don't want anymore! [crying] ahhhhhhhhhh! everyday price and no extra monthly fees, unlike cable. speeds up to 45 megs, for $30 a month. arrested, for driving as-uinto s >>> just into our newsroom, six more people have been arrested for driving an suv into an apple store and stealing a lot of merchandise. palo alto police say these three are three of th

apple, facebook, amazon, microsoft. apple and facebook up 24% on the quarter.pple on the iphone 8 everybody is looking forward to. facebook on a strong december quarter. 10% so afell about rebound from the worst quarter since 2012. some strength. as for what is ahead, much of it may come down to apple. 7346. look at this is a longer-term chart of apple. towards the right is the quarterly candle showing apple up about 24%, the best since 2012. the point to be made is we see these rounding areas. the last time apple did have the massive quarter in 2012, it stabilized in a sideways pattern before falling down sharply. we see that has happened a few other times when apple has moved up quickly. it will be interesting to see whether these gains hold. that is one thing to keep an eye on, apple. when we look at the chip sector, lots of strength across the board. , bothf the big names apple suppliers getting a boost. amd, the turnaround continues, up 800% from its 2015 lows. valuation is a concern. between apple and evaluation of the chip sector, these are important fac

the new headquarters are just o kpix five >>> take a look at the apple's new campus.t's nearing completion. it's off 280 near wolf road. kpix 5's devin fehely tells us it's not just apple employees who are getting excited about the campus. >> reporter: it's from the air that the size and scale of apple's new campus can best be appreciated. a perfect circle a mile around. "sky drone 5" helped us catch your these aerial images into which 12,000 of apple's employees will finally begin moving next month. >> now that part of the construction is done my friends are relieved that it's done. for the most part. >> reporter: apple broke ground on the new campus nicknamed the spaceship in 2013 and will spend the rest of the year putting the finishing touches on the building and surrounding landscaping. while occasionally inconvenient, jimmy says he was also excited to see the iconic building take shape. >> they are going for that clean aesthetic, the cutting edge, so i think this is cool. whenever you look at the building, you know that you're looking at the same building and it

million and admittedly, its future to make inroads against ibm. >> apple felt like a rock band.spirit. they seemed to be going up against the man in ibm. >> it is aimed at a largely untapped market of managers, professionals and students. less than 5% now use computers, mostly because of their complexity. macintosh is designed for simplicity. using a palm-sized unit called a mouse. >> it was the first time that a machine was versatile. it was simple. it was friendly. >> it took the computer out of the exclusive domain of geeks and nerds and people who had memorized the commands and put it on the desk of everybody, untrained, non-technical people. >> stores around the country put them on sale today, and analyst say it's a good bet that macintosh could soon be the biggest apple of the industry's eye. >> it's got its form, eventually i want to be able to carry my mac around with me, walk around with it in my pocket. >> pocket computer? >> yeah. >> you really like that mac. would you trade it for an ibm? >> are you kiddin'? >> as material sciences progress, more and more circuitry k

. >>> plus, is your iphone safe, apple responds to hackers threatening to wipe out millions apple accounts. >>> historic flooding damaged entire neighborhoods. >> it's heartbreaking. >> now as people in san jose try to put their lives together, we investigate why a plan was never implemented. >> we can only protect a limited amount of people and not even the most vulnerable. >> and continued delays could put lives at risk. >> it could happen again and then what do we do? >> we investigate. we na datourreang wsinan ancco.v >>> well, want to update the breaking news in san francisco, that mess on 101 is now clear, all lanes are back open after a tow truck heading south crashed in the center divide. this is a live look at hospital curve. you can see traffic is moving now. especially on the right side where the red brake lights are. several lanes of 101 were closed in both directions for the past hour but now have reopened. >>> we now know the identity of a man who tried to pull off a bold kidnapping and robbery. he i-- he is in jail tonight. he forced himself in a man's home and stole a gun a

the pro works with the apple pencil. the new ipad comes in silver, gold and space gray. >>> apple park will be one of the largest buildings in the country and ktvu mike nemick got to take a closer look. at 7:00, here's going to have more on this 175 acre campus and some of the challenges the city may face once it opens. >>> time is 4:51. sears is struggling. sears says it's taking steps to cut its cost by a billion dollars. sears used to the biggest retailer in america. after years of losing money, sears is heading -- it may not be around much longer. sears executives says there's a substantial doubt about the company's ability to cannot continue. they sold to back and decker trying to raise money, but that mite not be enough to save sears in the long run. >> a lot of people unhappy about that. >> they grew up with it. a lot of people working there. >> people who work, yeah. >> all right. we'll keep watching that. >>> 4:51 is the time. breast implants linked to cancer. a warning from the food and drug administration. >>>

you're also including apple numbers as -- >> apple and samsung.r. >> yeah. >> so we are. but the remarkable thing is that the fourth quarter -- which is not unexpected given where we are with the change in the administration and optimism, the remarkable thing is that the fourth quarter jumped quite dramatically from the prior quarters. >> but the point is that the consumer is strong. it's just retail that's weak. >> same theory as four years ago but even more so. yeah. >> all right. but you run a hedge fund that's supposed to invest in retail stocks. you haven't had anything to invest in them, have you? >> sometimes in prior years when i have spoken to you we have managed to talk on the tv about how american eagle, skechers and others have done well -- they do well for a year or two. they have been recluck tant -- we can say not to invest in the retail. >> you can short the stocks -- >> we can short stocks. we have had -- you know, a pretty good time doing that. >> you come on here today, you have nothing to tell us about? >> not what you should t

and judy called apple saying she needed to switch these cards for apple score cars. >> he said no problemours later an e-mail from apple, your cards are not eligible for exchange. i couldn't believe it. >> mike purchased the cards off a wrack at safe way, and seemed right since the apple logo is on the front. >> i gave her an apple card and i didn't know what an itune meant. >> a friend said call channel 7 on your side. >> we called apple and the company agreed to exchange the cards after all, saying if a customer reaches out to let us know they mistakenly purchased the wrong card we work with them. now judy is singing a different tune. >> i would have given up if it was not seven on your side. >> the gift cards are confusing, and apple says they will swap them if anybody buys them buy mistake, and itunes cards are only for tunes and not hardware at the apple store. >>> and then taking center stage last night weeks after his mother saved his life. abc7 news was at san jose's avia stadium when he kicked the ceremonial first goal before last night's earthquake game. he went into cardiac arr

stuart: this is competition to apple, but apple goes to an all-time high.ou make of that, scott martin? >> it's interesting because they need a comeback after the issues with the phones blowing up and catching fire on everybody. what's interesting, the apple iphone coming out here that we have in the fall, the iphone 8, the granddaddy, about $1,,000 in price. if you look at apple reports from recent quarters, talk about how the price of the iphone has this, and they're selling more than they ever have. samsung has a good start. stuart: i'm astonished, it's a nice phone. i clicked the button, a beautiful screen. >> the reviews on this are very good. i think that samsung has done the right thing. i would expect them to compete well with the apple iphone 8. stuart: so do i. look at the chart, straight up even though galaxy comes out with this. pretty good, i would say. and how about this, hold you back. that man, amazon chief jeff bezos bumped warren buffett out of second place, bezos is now in second place. the second richest person in the world. how much has

scarlet: who is part of the apple ar team?are they devoting in terms of resources and man power to the ar project? are they poaching people from outside the company? this is a very significant undertaking. apple is bringing the best of the best from outside in to work on the ar product. one of the people that was really instrumental in the design of the apple watch is one of the best design smart watches to leave the hardware design for the apple ar products. they hired an executive that ran technology innovation at dolby labs. known for audio, video, and next generation technology. he runs the entire group. lucasfilm to run the audio side of the project. outside, these people created the special effects and 3-d animations used in movies like iron man, lord of the rings, the hobbit. they are hiring the best. they made some acquisitions as well but my question is that hiring well-known people from outside the company and making tactical acquisitions does not mean that this will actually happen as planned. your reporting indicat

apple to $200 a share. the details on a new call outlining three steps that will take the stock another 40% higher from here. shares, meantime, sitting near all-time highs now. inside the fed's head we are minutes away from an exclusive interview from from stan fischer, trump, taxes, rate hikes and money. "power lunch" starts right now. >>> all right, thanks, melissa. as you can see behind me stocks are back in rally mode after the highest consumer confidence reading since december of the year 2000. the dow aiming to avoid its first nine-day streak with the big movies that year, 1978. why pimto? why not? the s&p 500 trying to dodge an eighth loss in nine sessions. check out the big movers, carnival cruise, it tesla rallying 3%, chinese internet buying 5% of tesla, and spice maker mccormick down about 2% after a mixed quarter for the company. tyler, i speak for everybody when i say remain calm, all is well. >> all is well, brian. thank you very much. welcome, everybody. i'm tyler mathisen. here is what else

apple also unveiled a new cheaper 9.7 inch ipad for $330.let sales across the board have been dropping for a couple reasons one smartphones have gotten bigger.. some people just don't want or need a tablet two.. once you have one you have one they tend to stay safe in your home and don't break easily this is good news for consumers that is a lot cheaper than the existing ipad at that size 9.7 inch the ipad pro. which starts at $500. so here's the major differences between the two the ipad pro is slightly lighter, a little faster, the camera has a couple extra features, 4 speakers as opposed to two, and the ipad pro is compatible with the apple pencil and the smart keyboard. these are not big differences. for $330 to basically get a top of the line ipad i would choose the new cheaper one.. ofcourse there are more affordable tablets on the market you can get an amazon fire for as low as $50. stand up gabe slate - if you are in the market for an ipad this is a good deal.. the cheapest we have seen a 9.7 model. there is cheaper tablets out there

>> well, when you see the nasdaq 100, of which apple's a component, doing the same things that apple share price is doing, that's generally a good sign. when you see a disagreement between them, you should pay attention on what apple's chart is saying. if there were a lower high in apple and a higher high in the ndx, that's a big sign of trouble. we're not seeing that right now, so we can still have an ordinary, garden-variety correction at any time, and i think that we're in one. but apple's strength is saying that we shouldn't expect great carnage for the overall nasdaq market. >> and tom, how does apple's size and influence over the nasdaq 100 influence that? i mean, you're going to be much better at explaining that than i would be at sessing it out. >> nasdaq 100 is capitalization-weighted, so the bigger companies have a bigger voice. it's not exactly proportional, so the hugest companies get taken down a little bit from what their share would be if it was purely capitalization weighted. and so, i think apple is, off the top of my head, it's about 3% or 4% of the nasdaq 100. appl

you have to emphasize, this is open to the public too. >> an apple store. >> an apple store as well. the door is open. they're trying to make that connection more so than they did with the initial park. >> so many people, for example, they go to the facebook campus and they can only take a picture by the thumbs up sign. maybe a little more permeable barrier. >> steve jobs loved cal catch that's where he found the inspiration, in the landscape. when you talk about the landscaping at apple park, 70% or so is landscape. you see the big building did you you don't forget the trees. it blends right in. there's a hilly section where the auditorium is where they named an amphitheater after steve jobs. i'm excited to go in there and see it. a good company for cupertino to have in their backyard. >> that is a good first look. >> we have to go upstairs now. >> i know you do. >> i'll meet you upstairs in a minute. sal castaneda, help us get to work. will you? >> yeah. there's no traffic in the elevator. >> no. >> good morning. we have traffic -- let me turn these radios down. these radios is how

we have them being bullish on apple a number of times.ed, is a part of the rally thanks, to apple and the anticipation for the iphone 8? not just in up a him shares the apple ecosystem. >> yes, certainly. i think the narrative on wall street is starting to shift from, this is just an iphone company to, hey, maybe there is something else going on here, and the software business carries high margins. it started to, you know, commented at thieves esis we han talking about in a long time. i think another thing is we talked about as you mentioned, talking about apple several times, the donut hole in apple sales and earnings are three quarters they saw the back of an iphone 6 cycle. our thought is the stock would gin to work. it has begun to work. there are things that have been tail winds, going forward, we think there is a lot to like. >> tim, are the es going to keep up with the ps here? the way investors started to anticipate? >> that's the hope, timer. you see the ecarried by stock buy-backs and huge cash balances on the balance sheet of t

apple's strength is going beyond the s&p 500.e have a number of the chip stocks up in a big way, including broadcom and cirrus logic. skywork is one of the top stocks for the s&p 500. it's going to be very important for bullish investors to hope that it will last. technicals are a little bit overbought. time will tell. caroline: great analysis, as ever. abigail doolittle. another stock we are watching, shares of snap gained more than then wednesday's trading, biggest increase since the initial week of its initial public offering. they recommended buying the stock. with james on monday after his buy rating was announced. with analysts cautioning against its nascent business model and competitive threats. now to accompany out with earnings today, revenue jumped more than 40%, but operating costs are also surging. iny face rising competition the mobile gaming market. the shenzhen-based company -- tencent is adding more space to brands on its wechat messaging service. joining me is selina wang. it seems to be investment is where they

than apple.'s go to alan in washington, alan. >> caller: booyah, jim, from the land of russell wilson. >> oh, yes. wisconsin's own, too. what's going on? >> caller: i'm a geezer. i'm 85. i've had fun in the market. i've learned a ton from you as everybody else. >> thank you. >> caller: i found that enrich foreca enbridge energy partners. is it sustainable? >> you know, alan, it's funny. when you mentioned that, i look at the different permutations off keystone today. i said 12% yield. that, to me s a red flag. i think you got to be careful. i need them on the show. i don't know how sustainable it is. i am concerned like you are. and you're not a geezer, man. you're in the game. let's go to mike in california, mike. >> caller: booyah from beautiful lake tahoe, professor cramer. >> that's where i've learned to count cards. >> caller: i've been looking to speculate in some defense stocks and i found a stock that looks like it's flying under the radar. no pun intended. crack toes. >> it is and they w

it didn't hurt apple's stock. how could that be? you should own apple and not trade it. maybe you should wait to buy it. i am considered so many are calling the next apple iteration a super cycle. that has been t kiss of death. the coal in 2011 and fracking in 2014, both being called right before coal and oil collapsed. i hate this term. super cycle creates ridiculous expectati expectations. if you're going to short apple you have to wait until the real apple bar razors express their disappointment in the eighth iteration baby crying ] and believe me they will. we didn't know from what level and the shorts have been crushed. whoa is me, netflix. not that long ago netflix reported a number the crittings believed it was flagging fun and reported a credit card issue impacting the bottom line. please! no other one mentioned this problem it was considered a juggernaut. shorts came outn full force. since then netflix caught fire and up almost 50%. and the company was forthcoming and the issue was a credit card glitch and the company has accelerated dramatically! the shorts hav

sky drone 5 gives us a bird's eye view of apple's nearly completed spaceship campuses. new headquarters will be in cupertino off interstate 280 near wolf road. kpix5 -- wolfe road. kpix5's devin fehely shows us neighbors are getting ready for the big move. >> reporter: it's from the air the size and scale of apple's new campus can best be appreciated, a perfect circle 1 mile around. sky drone 5 helped us capture these unique aerial images into which the 12,000 apple employees will finally begin moving into next month. >> now that the construction is done my friends are relieved it's all done and over with for the most part. >> reporter: apple broke ground on the new campus affectionately nicknamed the spaceship in 2013 and will spend the rest of the year putting finishing touches on the building and surrounding landscaping and while occasionally inconvenienced by the construction, jimmy maley said he was also excited to see the iconic building take shape. >> they're going for that clean aesthetic, the cutting edge. i think this is cool. whenever you look at the building

show it different working with apple?> they have been a fantastic collaborator, and we're learning as we go for how we work, but i have been super in pressed. really our main posz running the platform, they're very comfortable with content and talent. so they have been great to deal with, and they are really coproducing it and with us in the trenches and i have enjoyed the process. i'm learning a lot as we go as well. our content and deliver it through their service and a lot of the technological integration that we're developing into what we're doing. and the show has been extraordinary because it is a friend that connects the culture to the culture of the consumer. i'm excited about putting it together. i just watched mark zuckerberg with the north carolina basketball team and i immediately thought that's a show. but how these guys and gals developed and generated these apps are the new rockstars. >> it is an amazing small mississippi story and it grows into a large business story. are we going to see ratings? >> i thin

the question is, jack, will compete with apple? september to mark ten years since entering the business. and huawei are entering the business world. there is competition on all sides, is me? there is a move towards the apple model for owning the mac earning consumer engagement and when you make a switch, you stay with the brand. —— for earning. there will be another big launch from huawei in the next few days in the uk. they have a lot on their plate. they give real—time, jack. so we'll keep our eye on that huawei launch later in the day as well. the insurance market lloyd's of london will establish a new european base in brussels to avoid losing business when the uk leaves the eu, according to press reports. the company has not confirmed the decision, but said it would make a statement on thursday. it has been weighing up different locations on the continent. without the move, it says brexit could have a significant impact on its continental business which generates 11% of premiums. uk car maker vauxhall is to end its multi—millio

our business reporter explains why apple is struggling to increase its market share.ifficult but it is not impossible. there are still strong sales of devices like the apple, but last year they were down by 33%, so it does seem like a local companies are coming up with budget phones, and they are really taking off in the country. apple was allowed to continue to sell the iphone six during the appeal process so it is never really been banned, but it does go to show that if you take on apple when you had to be very sure about what you are fighting because it isa about what you are fighting because it is a huge machine and it will keep pushing, it has the resources and the money to really fight these cases. much more to come. do stay with us. the most significant weather story across the globe at the moment as severe cyclone debbie, as is expected to make landfall on the queens suncoast in the next couple of hours. it has been slow moving. it has intensified. you can make out the eye of the storm on the satellite picture. residents of the queen slant coast have been warn