the apple operating system for apple car, whatever we're going to call this, the smart home, the apple home, these are all places they will absolutely be competing and they -- >> how about the growth of apple pay this past quarter? >> tell me >> 300 plus percent. that's all >> here's where you have a bear argument the market overall, we're capping the week here remember the market overall this week, outside of those big cap stocks, struggled. let's be clear about this. and i think you're seeing a lot of stuff that's trading near their bottoms, a lot of things starting to break down today, industrials, transports, financials, retail, were all down again -- [ simultaneous speaking >> around the horn here. >> i mean, the risk -- on the bigger macro picture, again, the risk is we have very good economic news, rising rates and a rising dollar. >> hold on who is buying apple at these highs? you're not, obviously. >> no, wouldn't. i wouldn't sell it either. if i own it, i'm long. >> disingenuous for me to say buy it here, i'll let the other side of the desk handle this one. >> i'm long some a

well apple products have always been more expensive than the want of a competitor apple is all about the margin and of course margins are pretty high at a price of one thousand dollars and the recent earnings that just has to try have shown that this strategy would work with the high price so she wants to new york for us thank you so much. and that's all that is on the verge of collapse in a huge debt crisis so hard to you reduce debt debt so far the country's leaders are against restructuring now the current president what they would hope promises change. venezuela is on the verge of bankruptcy and is now admitting it openly in a speech to the nation president nicolas maduro announced plans to restructure the country's ballooning debt which is estimated at around one hundred fifty billion dollars the first order of the day he said was to make payments on money owed by state oil company say yeah we will begin that p.d. vs a twenty seventeen bond payment but after this payment i decree a refinancing and restructuring of foreign debt and of all of venezuela's foreign payments i will ap

but still primetime for apple cider, apple turnovers and apple history.o rocca takes us on ape tour of all things apple. ♪ >> reporter: at the johnny appleseed festival in fort wayne, indiana. there is no such thing as a bad apple. >> just one. >> indulge in apple dumplings. >> an apple. doesn't have any skin on it. and then wrapped in dough, and deep fried. that has caramel on it. >> partake of apple petals. >> better than apple dumplings. >> yeah, cult throtthroat aroun johnny appleseed festival. sample apple sausage. do we know if johnny apple seed ate applebrat. >> sure, why not? >> fort wayne is where john chapm chapman, belter known as johnny appleseed died more than 170 years ago. johnny is buried here. at least the locals like to think so. >> it is very questionable. in fact the grave of john chapman. >> turns out there its much that its misunderstood. about the man many of us came to know through that 1948 walt disney cartoon. >> you know a man can't take no rest if he aims to plant the whole darn wilderness in apple treats. >> true or false? joh

dollars is apple really worth that much. yeah the shareholders seem to think so and when you when you see the lineups in front of the store incidentally there was a lineup in front of the frankfurt store as well quite a big one and fact and people overnighted it in the effort to be among the first to get a phone then you think there is some justification to that there are no lineups for the new samsung or. telephones or sony telephones and that shows in apple's profits it's just a hugely profitable company when you take the p. e. that is the price earnings ratio that's important for the market that means the share price in relation to the profits then it's a high number compared to for example industrial companies but still in line it's high but it's justified when you look at the expectations that the company will deliver even more for example through a good christmas season i heard about a crazy ozy who was camping out for at least a week how much of a threat then would you say apple's chinese rivals are. i think they are

there are other plays within the apple food chain that are more exciting than apple, which we like better to some extent, that's how we're playing apple, really, is through some of the laser suppliers like momentum and others >> that's good color, dan, always appreciate your time. good to talk to you again, thanks >> thank you >> dan niles, alpha capital one. >>> when we come back, even though apple customers are lining up to get their hands on the new x, some experts are sounding the alarm over security concerns >>> jobs rebound after the hurricane disruption, but wages are a bit of a disappointment. what that data means to the markets. >>> and later, an unlikely pair. why steve wozniak and rob gronkowski are teaming up. the tight end is going to join us right here when "squawk alley" returns >>> post 9 is sponsored by fidelity investments we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. and at $4.95, you can trade with a clear advantage. giveyou're finished! curse you, he-m

we start with apple.t's already the world's most valuable public company — worth getting on for $900 billion and counting. now its shares have hit a new record high — after it revealed a big jump in profits and forecast strong sales for the all—importa nt holiday season. let's show you the details. apple made a profit of $10.7 billion in the three months to the end of september — up around 19% on the same time last year and well above what investors were expecting. at the heart of it all is the iphone. apple sold over 46 million of them across the world in the three month period — up 2.6% on last year. it says sales growth was in "double digits" in many emerging markets. but it's the next quarter that has investors really excited... because of this. the new iphone x is released today. apple has said demand has been "off the charts" and is forecasting record revenues for the holiday season. the big problem is making enough of them. ben stanton is a tech analyst at the market research firm, canalys. thank y

emily: that was apple cfo speaking on the apple earnings call moments ago. reports -- reporting that demand is high, expectations may be higher with lines forming outside stores around the world. we have been watching people get their hands on the phone for the first time in sydney. and monitoring the earnings call. ceo tim cook says he cannot predict when supply will meet demand. joining us now, mark gurman who covers apple. he has been listening to the call. he has been live blogging. what are the takeaways? >> it is interesting, tim cook pretty much said they do not know if the reason the ship times are so long on the iphone x is due to low supply or high demand. my prediction is it is a mix of both. a lot of people want these things and it is difficult to produce because the screen tech as well as the 3-d face recognition scanners. emily: cook told me he expects wait times will go down. today or tomorrow as they get a better handle on things and he said he is pleased that she is pleased with the ramp up. we are looking at live shots of the ramp up. they

the apple mill. the apple bump is being seen across the markets. that supply apple getting a boost in the apple story. generally, the asian equities picture is mixed. president trump planning his 11 day trip to the region. also focusing on the jobs report. onr 300,000 is what i see the bloomberg. this may end up in the 2017 policy great. there is a lot to do in the tax reform. aussie retail sales next again. -- missed again. let's get to juliette saly with your first word news. juliette: societe generale's treesequities trading turned into core performance. a temple 19% from a year earlier, missing estimates as derivativeged for products. >> our business has more impacted on the equities side. , in linexed income with global environments. in equities, we have been more impacted to our businesses. we have businesses oriented unstructured progress -- products. -- on structured product. juliette: venezuela's president has said his country will seek to restructure its global debt after the company makes one more payment. maduro blanket u.s. sanctions o

the largest stockpile the lungs to apple -- stockpile belongs to apple.ith how this impacts big tech and perhaps venture capital, mark milian. what does this mean for a company like apple? mark: for a company like apple, they generate a lot of their profits locally, so the 20% tax rate is a good thing, but they also have an immense amount of money overseas. so, the 12% tax on overseas cash is a big source of concern, and they're going to continue to tax foreign subsidiaries going forward, assuming that this tax plan passes, which is a big assumption. not great for big international companies keeping a lot of money overseas. emily: apple has nearly $250 billion overseas. -- we are looking at a rate of si as 12%, when we thght it would be closer -- of as high as with how this impacts big tech and perhaps venture 12%, when we thought it would be closer to 10%. i spoke with the cfo of apple just a few moments ago. that," we've always been a very -- that, "we've always been a very strong advocate for corporate tax reform. it will drive job creation in the u.s.

is off the charts on the first day of sales will apple become the world's first trillion dollar company. and his own we'll have that story and much more coming up on business in one minute. when cities are engulfed by the sea. org dams malls and costly protective measures with. nothing. more challenging our future starting november ninth on d.w.a. . much of it i forgot. your link to news from africa and the world your link to exceptional stories and discussions from zero news and easy to our website deputed comes to africa join us on facebook at g.w. africa. at. the world's most valuable brand is even more valuable record profits and apple's new i phone bring the tech giant's valuation closer to a trillion dollars. uncertainty reigns in spain catalonia crisis drags on dragging. down the region's business prospects and the challenges of putting on an environmentally friendly un climate change conference in the grips of a job which has. been physical and let's do business a decade on the i phone continues to draw crowds the latest version is expected to break sales records and apple profi

apple optimism.ustomers are lining up for the iphone x as the company predicts strong market -- holiday sales. jobs day in america, the jobless rate falling to the lowest in 17 years. the brawler drops initially -- dollar drops initially after wage growth disappoints. and laziness -- nicolas maduro ceases to restructure global debt amid dwindling central-bank reserves and u.s. central sanctions. let's get a check on where to stocks are trading. we have some breaking news that you are covering, julia? julia: it has to do with the chip industry and a big deal within that industry. our deal team reporting that broadcom is exploring a deal to qualcomm. this could be the biggest ever take over of a chipmaker. walk-on shares are spiking, up a 9%, and we are talking combined company that would have a market cap of around $200 billion and around $35 billion in annual sales. broadcom's shares, which have been rising on a halo effect from apple, sort of volatile now. they are still gaining by about 1.6%. if yo

i've been at apple a long time and seen a lot of iphone launches where he's happy where apple, is thathe ramp is actually increasing week after week he did a try to make as many phones as possible, and one final note, scott, i did also talk to cook about that nasty ongoing legal fight with qualcomm which just keeps getting works and i asked cook doesn't apple really rely on qualcomm don't you need qualcomm if you're going to keep make and selling these premium devices. cook simply telling me no. scott, back to you. >> big buzz out there. all right, doc. >> like i say, the consistency of the buying here, judge. josh opened it it up exactly where we should and that was decrying all the folks that said oh, my god, they are not selling enough of these. they are cancelling 50% of the orders or any of the usual crap. the phone could bend it could melt. people don't care. >> too thick. >> people go in there to buy it, and like i say, they have been buying since the stock filled that gap at 149. since that day, judge, there's been consistent upside call speculation. pete told me just a little

i think the big concern is not can apple compete with netflix, but can apple compete with amazon?, amazon was 13 in video. they are number three now. jeff bezos is unstoppable. i don't think tim cook and apple by themselves is able to compete with amazon in the streaming video space. emily: that was our bloomberg view columnist. coming up, uber suffers another low to its london operations. this time, its latest legal loss could affect the gig economy worldwide. that is next. this weekend on bloomberg tv, our best interviews, including steve ballmer. tune in this saturday for the best of bloomberg technology. this is bloomberg. ♪ ♪ emily: uber drivers in london scored a victory against the right hailing giant. uber lost in appeal on whether it should pay overtimes and paid vacations. the ruling could have wide ranging implications across the gig economy. apps to makeuse money. uber says the ruling was based on incorrect evidence and will appeal to a higher court. joining me is our guest, just named a strategic advisor to a ridesharing company. bob o'donnell is still with me in the

apple's bumper crop of us the new i phone ten hits the shelves apple reports record q three profits and apple stock shoots up to an all time high bring it to a fairy tale market cap of nine hundred billion us dollars. and trump's fed man well jerome pollack. the feds monitor a policy on janet yellen scores. this is the w. business live from berlin i'm going to her office ten years after it launched the game changing i phone apple has released the most recent model in the series the computer giant is still moving from strength to strength profits hit ten point seven billion us dollars in the last quarter alone and many are predicting that the i phone ten will break sales records even though at nearly a thousand dollars for the cheapest version it's not exactly cheap. the images are practically identical all over the world there's a countdown customers burst in when the doors finally open like here in tokyo they put down a pile of money and leave like this student euphoric. i think i want to go home and get some rest and then enjoy the phone. the latest i phone has an edge to edge display

tonight on "fast," apple and starbucks reporting earnings moments ago. apple crushing earnings.tock surging to record highs. starbucks is getting crushed those conference calls are kicking off. we have full team coverage josh lipton is outside of apple headquarters gene munster is here on set listening to the call. kate rogers is back at headquarters listening in on starbucks. in just a few minutes, senator

apple said, "apple believes every company has a responsibility to pay its taxes.rgest taxpayer in the world, apple pay's every dollar it owes around the world. nonetheless, apple wants to only pay when it owes and pay as little as possible. i think this clearly demonstrates this. alex: apple has managed to route many of its foreign profits through ireland and reduce its tax exposure through various complicated means there. when ireland cracked down on some of these roles -- this is what senator carl levin accused apple of doing, that essentially they were not domiciled anywhere. if they were managed from outside ireland, they didn't oh any tax in ireland, but if they weren't domiciled in the u.s., they didn't pay tax there either. ireland said you had to be domiciled somewhere. apple did some fishing around, looked to see where it might be possible to pay taxes, and one answer was jersey. they found this -- at the center of this allegation and reporting, they placed the management of the company, in theory, in jersey and therefore, they were unable to avoid some o

>> well, why did i leave apple? i was asked to leave. yeah, i was asked to leave apple.on spending the rest of my life there, but didn't work out that way. >> steve jobs was a genius, but one of the reasons he got moved out of his job was because he was spending huge amounts of money on projects that, for the most part, never reached the market. and apple had a crisis of confidence. >> at a time when major computer corporations like apple are laying off 10% of their workforce, microsoft is the big exception in the computer industry. >> people didn't get how much value there was to be derived from software. that the operating system could be the most valuable piece of real estate in the whole computing business was something not understood by almost anybody in the computer industry apart from bill gates. [ cheers and applause ] >> today we're introducing microsoft windows version 3. >> bill gates, part thomas edison, part henry ford, part holden caulfield from "catcher in the rye." at 19, he dropped out of harvard to design computer software with his friend paul allen. th

apple is hoping to push user behaviour forward in this.l perspective, it really does work and quite optimistic. time will tell. thank you, very much indeed. let's stay in the us where washington's worst kept secret is finally out. jerome powell has formally been nominated by president trump to become the world's most powerful central banker. if confirmed by the senate he will take over from janet yellen when her term ends in february. samira hussain reports. months of speculation and conjecture finally ended when the president walked into the rose garden with his thumb and if the head of the us federal reserve, jerome powell, by his side. he has proven to be a consensus builderfor his side. he has proven to be a consensus builder for the sound monetary and financial policy that he so strongly believes in. based on his record, i am confident thatj has the wisdom and leadership to guide our economy through any challenges that our great economy may face. mr trump interviewed five candidates but iphone x has been the frontrunner for weeks. can

what is apple doing in the meantime? earlier this year they launched a feature called ar kit for iphones and ipads and it allows people to install ar games and applications. you can go to the app store and download ar apps. is they'rere doing going to come out with the 2.0 version next year for what we presume will be called ios 12. it would have multiplayer collaborative environment so you could play an ar race card game from here and you could be in new york and we can have our cars next to each other. also, a persistent tracking feature which would allow the ar to load up more quickly than today. these are big improvements and google says they are working on these. it will be good to see apple matching what google says it already has in the works next year. vonnie: google and its android phone are trying to compete. are there other competitors? mark: absolutely. all of the big players are looking into ar nvr. even oculus, that will not be the only long-term thing they are working on. they will have to move into ar the

the homepod will be apple's first big new hardware product since the apple watch.hardware big new be apple's first homepod will the alexa.trend...hello smart speaker late to the the company is party with siri, voice assistant early to the apple was although been delayed.product has why the it's unclear next year. will ship early in december, it being available instead of being available in december, it will ship early next year. why the been delayed.apple was early to the party with siri, late to the smart speaker trend...hello alexa.homepod will be apple's first hardware the apple accused of obstructing justice to theat the fbinuclear war, and of violating the constitution by taking money from foreign governments and threatening to shut down news organizations that report the truth. if that isn't a case for impeaching and removing a dangerous president, then what has our government become? i'm tom steyer, and like you, i'm a citizen who knows it's up to us to do something. it's why i'm funding this effort to raise our voices together and demand that elected offici

. -- apple x 10 first day in stores. apple moving slightly in the first 90 minutes of trading. ,he stock is up 2.3%, and mark there is the iconic, someone say, tim cook. to a seniort spoke research analyst at piper jaffray and he's already got his hands on one. it doesn't seem to be too much supply constraints. he's raising the price target to $200. he doesn't seem to be when it's going to be a $900 billion company, now it's going to be a $100 trillion company. shery: exactly, mark. we will have to wait and see. this is the punk analysts are looking for. mp analyststhe bu are looking for. what's next for apple? what next headed overhaul to induced demand. this was the 10th anniversary phone, and once demand is exhausted for this one, there will be much left. it may be a while before we see $1 trillion, but it is headed in that direction. brightervices was a spot, growth up 24%, accelerated from 22% in june, 2017. the big other surprise yesterday was mainly china, it grew 12%. china has lagged. it wasn't just the focus on

emily: apple working on an ar headset. >> it was an especially strong week for apple. on ar. 2016.ke the news in now we have more detail. any are working on an r operating system that would power it. they are looking to release something as early as 2020. you would be able to see maps, directions. i could look at you and it would know that it was you and i could look up everything you want to know about emily chang. emily: all the bad things pop up? >> not only, but the good things. emily: the halo will pop up instead. top tech headlines with brad stone and mark gurman. our bloomberg view columnist wrote an interesting piece about how apple is ramping up its push into the content business. his thoughts, by netflix. apple got into the content business on the music side, the music industry was flailing. there was not a legitimate way to sell digital content, at least not smoothly, cleanly, friction free. itunes provided that. there was a really good match. into has discovered moving the video content side that it is a much more challenging game, and they need video conte

the paradise papers reveal tech giant apple has a pile of cash worth tens of billions of dollars injersey, where it pays no tax. the us president visits south korea as he continues his tour of asia. yesterday, he talked tough on trade, but can we expect more of the same today? and on the markets: the price of oil still holding above $61; per barrel. it has dropped a tiny bit, but still very much on the up after the so—called crackdown in saudi arabia by king salman. we also have the australian all ordinaries. there are new revelations from millions of leaked documents known as the paradise papers. the technology giant apple has been managing most of its untaxed cash reserves offshore, on the channel island ofjersey. it moved the money tojersey after a tax loophole in ireland was closed. although the company has done nothing illegal, its tax arrangements have been criticised by eu and us officials. our business editor simonjack reports. a rapturous reception for the latest iphone. it's the most popular and profitable consumer product of all time. it's generated hundreds of billions in prof

pay, apple music.hat's part of the key strategy here, getting those devices into the hands of people and keeping them inside of the ecosystem that's what apple has done well. also a lot of people had questions about the apple watch when it was released this year they released the apple watch 3 with an internet connected and cellular capabilities so far it's about 3% of revenues in this quarter. that's a positive. the apple watch grew 50% this quarter according to tim cook. so the ancillary devices around the edges are also growing make no mistake, the analyst and investors are look at iphone sales, particularly the iphone x, and that is what will drive this company over the next year. >> ha, you almost called it an x, you're as bad as me >> i did i feel like the battle is lost there. >> as for me a birdie tells me you have been speaking to people about this. have you >> i have. one chap was here from tuesday morning. i went all the way down the line and caught up with a few people and said is the price

so we're watching apple. you know, even the all-star superhero lineup from the justice league has us looking at one very big story developing. we don't want to give it short shrift, the merger of warner bros. parent was temporarily halting will stocks on reports that the justice department is considering, not so fast, they want to file an antitrust suit to block the merger with at&t, which is supposed to be $85 billion acquisition of the media giant. so the stock resumed trading after the halt. that the hour, both down, time warner moving lower 3.33%, at&t down 1%. two companies are reportedly discussing settlement terms that would maybe help win the government's, approval. might they shed assets to calm everybody down in d.c.? we don't know just yet. that is a big story. another media giant struggling at this hour, discovery communications, take a look at this stock. it is falling ten full percentage points down to $17.21. the company says it's losing subscribers in the united states, losses mostly concentra

an apple optimism.ustomers are lining up for the iphone x as the tech giant forecast strong holiday sales. we will take a second look at their earnings report. 30 minutes into the training day here in the u.s. as i mentioned, julie, we have the job numbers, but the market is not doing much at the moment. julie: we are very little changed. i wanted to mention some other economic data that's not passed us. the idea some reporting its nonmanufacturing index as well today coming in at 68.150. that is what economists have been predicting with factory orders rising 1.4%. durable goods orders up 2%, and if you look at the ex transportation number, that is gain of 0.7% -- that is a of 0.7%. member 50 is the dividing line between growth and contraction. so it is 60, well above that level. it looks like that expansion is the fastest pace since august of 2005. -- ares are short of sort of shrugging off this news. we still have hurricane noise in those numbers. we will get more analysis from diana in a few moments.

so this apple watch, if you have one, you'll know it already has a heart rate sensor, but apple's wonderingther or not this sensor can pick up on a specific problem with the heart's rhythm called an atrial fibrillation as jeff williams told me yesterday, this was more of an organic process, where they decided to do this it wasn't, hey, we conquered the iphone, then did ipads and now we're going to do health care. it was more something they heard from users that this watch was already beneficial from a health care standpoint and this came out of that and they said what can we do next >> how's this going to work? going to have to be self reported where they'll have the data if you opt in and say, yeah, i went to see my doctor and there was, indeed, a problem and they'll log it >> they've been very thoughtful and talked to people in the medical community. you can bring your ekg into your family physician, but they also have a partnership with a telemedicine company called american well, and the idea behind that is you'll get a phone call from a doctor and they'll say, hey, let me ask you some

apple generates 25% of its profit in china.n the country. but chinese made apps are dominating the market. apple has struggled to integrate into china's ecosystem. many users are now opting for cheaper chinese brands, equipped with higher—end features. people in cities that have low consumption, a—tier cities or cities below, would choose chinese brands, cheap brands, mostly. the countryside i am from, people tend to buy low—end phones like 0ppo and huawei. apple is still the fifth bestselling phone in china. but now chinese brands are aggressively moving into the international market. i feel some chinese brands are selling overseas. for example, huawei phones are being sold to foreign countries, which are quite good. two years ago, china was expected to overtake the us, becoming apple's biggest market. workers are hedging their bets. how big a market share apple is going to take in china is difficult to predict. if apple can keep its system and its looks at the same time changed to be more attractive to customers, it will have

apple generates 35% of its profit in china. —— apple generates 25% of its profit in china.nese—made apps are dominating the market. apple has struggled to integrate into china's ecosystem. many users are now opting for cheaper chinese brands equipped with high—end features. translation: people in cities that have low consumption, four—tier cities or cities below, would choose cheap chinese brands, cheap phones, mostly. like the city i am from, people tend to choose lower ones like huawei. apple is still the fifth best selling phone in china, but now chinese phones are moving into the international market. i feel some chinese brands are selling overseas. for example, huawei, they are quite good. two years ago, china was expected to overtake the us, becoming apple's biggest market. workers are hedging their bets. translation: how big a market share apple will take in china is difficult to predict. if apple can keep its system and looks, and at the same time, change to be more attractive to customers, it will still have quite a big market share. no—one can live without a phone

big news or apple today; -- big news for apple today. >> stocks surged another new high today. the new release of its latest iphone, the 10, which is expected to break sales records. that, and profits last quarter but the company's markets cap at almost $900 billion. >> the images are practically identical all over the world. there's a countdown, customers burst in when the stores open. they put down a pile of money, and leave you fark -- euphoric. >> i want to go home, get some rest, and enjoy the phone. >> it's the date that i wait for each year. for 11 years, since the first iphone, i lineup to have the latest in the range in products. whether it's the watch, the ipad, the mac. i bought three iphone x's so my whole family can enjoy them. >> the latest iphone has an eight to display, and uses facial recognition technology. otherwise, it doesn't seem to be the leap forward that apple claims. it costs around $1000. buyers know they are paying for the brand. how long can apple keep it up? competition is growing, samsung isn't the only chance -- challenger. chinese companies are

let's stick with apple apple getting oh-so-close to becoming the first $900 billion company in the u.s., hitting a record high after reporting better than expected earnings. today the iphone x will officially be released it is hot, to say the least. in fact, really hot. 300 of them stolen off a u.p.s. truck in san francisco may not sound like a lot that's $300,000 plus worth of iphones. let's go to josh lipton live at the apple store in palo alto, where he's trying to sell 300 iphones. josh >> reporter: brian, we got to this store at the crack of dawn this morning i can tell you at that point, the line was already down the block. my buddy john fort tells me he saw something similar at that 5th avenue store in new york city it's interesting we used to study those lines to carefully. now as consumers buy more online rather than in store, it's not as clear we did catch up with some of the people waiting on line, asked them why they were excited the first guy you're going to hear, he was the very first guy on line at this store. he told us he got here tuesday night. take a listen. >> it's

we start off with apple.t he must has responded to claims from paradise papers, that it has a financial structure that allows it to avoid billions of dollars in taxes. after its controversial practices will crack down upon in 20 15, apple moved its holdings to jersey. earlier i spoke to a technology correspondent and asked him what apple are saying about these revelations. it seems that there will move may not have lowered that sustains a low—level. discredit me about their tax arrangements in ireland and it has moved its tax residency tojersey ireland and it has moved its tax residency to jersey and that ireland and it has moved its tax residency tojersey and that means it has been able to maintain this low level of tax. apple put out a statement this morning in silicon valley. they were reiterating some of the things they said in the past when their tax affairs have been under scrutiny, including that they are the biggest taxpayer in the world, paying almost $34 billion over the last three years. most of th

there is nothing illegal in what apple has done.op is the south korean capital, seoul. north korea and its nuclear ambitions will be high on the agenda. and this story is trending on bbc.com — it's of a woman who's a climb above the rest. 31—year—old angela eiter has become the first woman to conquer one of the world's toughest climbing routes — la planta de shiva in spain. that's all from me for now. stay with bbc news. and the top story here in the uk: priti patel, the international development secretary, has apologised for breaking ministerial rules, after she held undisclosed meetings with the israeli prime minister

apple just an apple enthusiast...."in cupertino rob fladeboe kron 4 newsit features a cafe that serves gourmet coffee, tea and snacks. there's (grant) the competition is on... portland oregon now wants to have the tallest building on the west coast. (vicki) take a look... the proposed project would have two skyscrapers connected by a glass-enclosed sky- bridge. the taller of the two towers would stand a little more than 970-feet tall. below would be a botanical garden. portland designers say the city needs an attraction and this would be it. (vicki) what they want to build in portland will rival san francisco's sales force tower. but the bay area building will be taller. still under construction.. still under construction.. the sales force tower stands at 1-thousand-70 feet. the building is scheduled to open ... early next year. one side note.. that portland building will be 60 feet taller than san francisco's sutro tower. (grant) time now to check on our weather... with chief meteorologist brittney shipp. a dry and sea

, but why x ok versus apple?ourself. microsoft, you can see google is tethered as well as facebook. and you look at apple get the broad space including cisco, they have had a banner year. great interview. president trump expected to speak in just a few moments. this is bloomberg. ♪ mark: john mccain is taking issue with president trump's remarks at event held yesterday honoring native american war veterans. he said the president's politicizing the american heroes is an insult to their sacrifice. the president once again mocked elizabeth warren, calling the senator pocahontas and reference to her claims about being part native american. rex tillerson is seeking to reassure europe the united states remains fully committed to european security, fighting threats from russia. triedary tillerson today to dispel concerns that the trump administration is pulling back from nato demanding european members spend more on their own defenses. in indonesia, closed for a second day.

how big a market share apple is going to ta ke big a market share apple is going to take in china ishe same time changed to be more attractive to customers, it was all have quite a big market share. no one can live without a phone. so would you work on the phone industry, you will have a market. even back when china was just known for manufacturing other country's devices, it was still growing some pretty strong tech brands to serve its own enormous population. this is an app used by nearly 900 million people here in china. it is a bit like what sap but you can do so much more with that. you can order a taxi, a food delivery, even take part in a spot of dating. but what is amazing is where you might struggle to use a credit card is here, even the smallest shops will accept payments through this act, even when they don't take cash. this is the easiest peer—to—peer payment system i think i have seen. to pay someone else, you just get the app to generate a qr code which the other person scans. the money is transferred from your account of errors. behind the app is one of china's biggest

as we see the apple face gathering at apple stores around the world it's a high as usual. frank fit but the stock market higher on apple's shad justified. the question has been asked for many years it's totally justified and close to a billion it is getting kind of hot out there and some analysts are saying you know with gains made this year about fifty percent since the beginning of the year alone in this year two thousand and seventeen it's a sell for four out of that is some analysts getting uncomfortable but you see these friends lining up and paying lots of money also in relation perhaps to income incurred the. and it is what people are willing to pay for this and it's just spewing the profits into the coffers of apple and when you look at the share price and you compare it to the profits of the company p. e. ratio that's called among investors then it's still a relatively reasonable valuation high but lower than some of the other big high tech companies out there well you mentioned nearly a billion a trillion u.s. dollars. market capitalization is there and that's ne

you lookingare ahead to on apple earnings?g to be interesting to see how the iphone 8 sales, given that there are no iphone x sales in q4. a muted response because people would line up early in the new iphone are waiting to the number 10. we are going to wait how that affects revenue thursday. >> what is your take on how demand will shape up holiday quarters for the iphone 8 and 10 given supply constraints. to the extent that there are supply constraints. >> the iphone eight will be readily available, the success phones.he smaller you can order it now and get it , -- comeswhen the x out. they shut off online sales because the demand was so high there. willve or six weeks, it probably go down, but the question is how long it will last. will you have to wait until february or march? we will have to wait in see. emily: apple's answer to the amazon echo. >> for $350, it is the upper pricing echelon. someone else came out with a nice one for $200. it is actually quite good. amazon has a slew of new echoes coming out. apple has comp

say apple has $200 billion.40% of that has to stay over there, they issued bonds and brought the money back. investors need to temper expectations when it comes to the money coming back and where it will be placed. david: shanna, very quickly, something simple. you mentioned lowering of the corporate tax rate down 20%, apple is making profit hand over foot. that alone will give them huge new revenue flow in this country, right? >> yes it will, bottom line. my hopes are, they would use that to continue to show innovation where some people claimed they lacked it in the past year. david: great stuff, thanks to kevin, shanna, lance. stay right here. melissa. melissa: lance, i was paying attention. there is technology here as a result of something they bought. what are you talking about? give us demo. >> prime sense, bought for 3-d image or depth sensing technology. the notch we're talking so much does quite a bit are to the phone, including face id, i unlock it with my face and portrait mode on selfies, that is all

and apple. hits the stores as profit comes in better than expected. -- company edges towards a valuation. good morning. bloomberg daybreak. i am alongside alix steel. we begin by getting you up to to speed on -- of the market action. in the fx market, the dollar going nowhere. one hour and 30 minutes from the payroll numbers. treasury yields, unchanged. you take price action ahead of the big number. alix: it is friday. we will talk about where the price action is. premarket, apple. up 3% or 4%. $900 billion market cap, potential. tim cook is giddy. time now for your morning brief. it is jobs day. 8:30 a.m., u.s. payrolls out for october. later, president trump will depart the white house and begin his 11 day trip to asia. at 12:15 p.m., minneapolis fed president speaks on housing and finance. is he getting promoted? with neeljp morgan kashkari running. looking at the payrolls report for october for a preview of what to expect. bloomberg's international economics officer is standing by. mike: we

there is nothing illegal in what apple has done. 26 people in a church in texas. devin kelley was discharged from the air force in 2012 for assaulting his wife and step son, and legally should not have been able to own a gun. he fled the scene after the attack, and was later found dead. president trump has arrived in south korean capital seoul on the second leg of his marathon 11—day tour of asia. he's called south korea's president moonjae—in a fine gentleman, saying they would work out a way to deal with the nuclear threat from north korea. it's just gone a:30am, which means it's time for hardtalk.

perhaps broadcom has a better relationship with apple, is more compliant as far as apple is concernedhan qualcomm is. they come together, qualcomm goes away, apple gets the deal it wants, qualcomm shareholders get rid of the huge overhang and potentially even chip orders as well. it is a complicated situation. brad: brooke, if you are intel, samsung, or other rivals, how do you see this potential deal between broadcom and qualcomm? brooke: obviously it is a massive deal, the biggest chipmaker combination ever. so i think that does sort of change the playing field, but i think you have to look at this as, are we facing a peak craziness in semi connector dealmaking? there have been so many deals across the sector. when you think about the fact that qualcomm is still trying to close a $40 billion takeover at nxp, and broadcom is trying to , i mean, brocade deal these are just deals piling on top of each other. this is going to be extremely difficult to integrate all of this. that may open up opportunities for intel and other people to take market share away while you have these two compa

apple operations international and apple sales international are both based here? to do with that. they have got two companies based here? i would have to check that out. he is going to clarify. it ta kes a that out. he is going to clarify. it takes a while. he goes away for 15 minutes. i am speaking on behalf of of appleby and we had no knowledge of appleby and we had no knowledge of appleby and we had no knowledge of apple in this building. apple sales international and apple operations international, you cannot find anybody in the office who knows about that? from an appleby perspective, yes. the answer is we do not know? from an appleby perspective, we have no knowledge of that. thank you very much indeed, thank you for your patience. goodbye. so, after quite a long delay and wake the message came back we do not know about those companies, we cannot find anybody in the office who knows about apple sales international or apple operations international. it is so secret that even the people in the office do not know about it. that is what he is saying. but our doc