apple is trying to get you to buy a new phone what apple is saying, we're trying to extend the lifethese devices. it should be noted that those same analysts say, listen, apple's actions were defensible, at the same time apple is being criticized by some saying, listen, it could have been more transparent, they could have communicated all this better in other words, if your phone is going to be slowed down for battery reasons, you could have been more clear about what's happening. we should also note, listen, battery replacement is going to run around $79, it's free under apple care, so there are potential solutions here, too, guys >> john, here's the indefensible part of it for me, from a consumer perspective if you bought apple care and, therefore, you bought insurance to handle these problems but you didn't know the reason your phone is shutting down is because the battery degraded, apple didn't tell you and they are making you pay the price of performance degradation for the fact your battery is getting old. from geek bench's perspective, what would have been the right way for a

apple stock was down 2.5%. and this morning as well to the downside we're seeing travel and leisure has suffered a bit down 3.5% as well as household goods. now, goldman sachs is forecasting another year of 4% global growth in 2018 which is above consensus. emerging market strength is to offset the slight slowdown in markets. goldman says the risk of recession is low but the risk of market drawdowns remains high. the co-chief market economist at goldman sachs spoke to cnbc about the outlook for global 2018 >> this pillar of our strategy and rates this year was around a flattening of the curve. we get the level wrong because the curve is lower, but that rotation has occurred. going into next year, the fed has the ability to hike from two sides. pushing up the policy rate but also trying to steer the long end back up through the quantitative tightening. i think we're a bit more uncertain around the slope of the curve. and that's why we perform going from one point >> the disconnect here is rates are going up, we'

apple is saying it's going to take a couple of concrete steps here, some changes one, apple is going to cut the price of battery replacements by 50 bucks, so it goes from $79 to $29, for anyone with an iphone 6 or later, starting next month. also apple says early next year it's going to issue an ios update with new features, the point of which will be to give users more visibility into the health of their battery. apple did acknowledge it made its ios update a feature last year, and iphones with older batteries were throttled at least at specific times to make sure they weren't overwhelmed and shutdown there were analysts, including on your show, melissa, who said they thought apple could have been more transparent and communicated these changes more clearly. apple trying to take steps to do just that, back to you >> thanks a lot, josh. apple finally came out and admitted this after an independent laboratory came out with results in december this comes after news of eight lawsuits seeking class action status is this enough >> it will be enough and the thing is, this is something that

>> well, why did i leave apple? i was asked to leave. yeah, i was asked to leave apple.lanning 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 a

plus, validating an apple arben myth. real story between older and smaller iphones and he lawsuits turning to pile up. the battle between two chipmakers. -- a hostile take over. bitcoin investors may be having a reality check. cryptocurrency l two below $13,000 on friday. bitcoin has lost those 240% this close but it is -- lost to 40% this month. they sent all buying and selling was temporary disabled after having delays in processing wire transfers and verifying new customers. these issues it reignite the question, are we in a bitcoin bubble. joining me for the hour is david kirkpatrick. also cory johnson. let's discuss what is going on in bitcoin this week. cory: i am working on a bloomberg news story coming soon to a terminal may argue here at check that out -- a lot of the point stocks. today was weird i kept looking at the price look like it was going up. and since this morning, since the trading, not a stock, bitcoin is up and it is up eight today since 9:30 this morning new york time. basically since i've been awak

apple has figured out how to mama'sike massive profits people who own apple phones don't give them upen when hardware from other manufacturers is better. that's a big lesson for everyone in the technology system, sometimes the elegance and uis can trump performance and 20% discount on price. you can get android for 20% that's more powerful people don't do it why? in consequential amount of money. if you use the phone two years, $0.50 a day or less, $0.25 it's in consequential. so amazon and facebook and google are exciting companies, sure they have a wider range of products but nobody has built a money printing machine like apple. it's something to be lauded and appreciated. who knows, these ar glasses they are working on supposedly, i think that does actually have the ability to do what the watch didn't, provide a wearable that's essential. >> that's a longer story we're going to have to watch clearly the amount of time spent means it's not hard to amortize your additional incremental cost if you decide to stick with the apple brand. david faber reports the disney fox deal is expecte

but remember when apple ceo tim cook took issue with accusations that apple is not paying taxes, well, listen for yourself. >> here's what they concluded, apple is engaged in a sophisticated scheme to pay little or no corporate taxes on 74 billion in revenues held overseas. >> that is total political crap. there's no truth behind it. apple pays every tax dollar we owe. adam: every tax dollar we owe. that's the key. it's like the scene in casablanca. shocked to find gambling here, you're winning sir. joining me now is the federalist bre payton. i beg to differ because the paradise paper reveals apple created a tax haven offshore to side step the 2017 senate tax crackdown, will apple repatriate the billions in foreign cash or side step the tax overhaul? >> seems theying planning to repatriate it as they have set aside something like $36 billion -- 36 million, sorry, in order to handle the taxes that they would owe if they bring that money from overseas into the u.s. does look like they're trying to do it, it's not clear how much money they are going to bring into this country. and i thi

apple is the market. if the market's in trouble, apple's in trouble and vice versa.n a way it's defensive play based on eval yaugds evaluation on its chart >> they have other tail winds behind them that apple does not possess. >> still ahead financials on fire someone at our desk has a warning sign for you end the year right with one of our traders answering your question live on national tv see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade well, it'sonce again.eason >>yeah. lot of tech companies are reporting to

how accurate do they have a read on apple or a demand for apple devices?o they really get the full story on demand for apple? >> they are usually tuned in. apple puts in a big order at the beginning of the selling season beforey for this quarter the first quarter of 2000 1918. they want to be ready for demand. investors are looking at revenue. apple forecast that for the first time. it is not necessarily the numbers that investors will look you >> much like other tech stocks. does that heighten anxiety? any bad news, that the companies are priced? >> sure. willss for apple in 2018 be the next iphone, whether they can generate a new round of demand for people to upgrade their already eczema -- excellent phones. talked about augmenting the audi for a couple of years, as drives -- matters at the end of the day. i what it comes down to for event -- investors and analyst is the question of whether apple crimson of technology in to justify this. was this brand-new technology or new to apple specifically? >> it was brand-new and for early adopters, they really lo

if you can believe this, it is not an apple to apple comparison -- no pun intended -- for the fiscalr 2019. walmart is modeled to grow slightly more than apple over the comparable time period. that is something that the street is looking ahead to as well. emily: i like the puns. what about the other big tech names? did that have to do with what we were seeing with apple or what is happening or not happening with tax reform? abigail: a little bit of both. apple, the downgrade, investors are wondering if that is a sign of what is to come for the other big tech names. facebook, amazon, netflix and alphabet -- there could have been that. plus, idea that all these technology companies already have low tax rates so less likely to benefit. that could be a small piece of it. a bit of a risk for all these high data names. we had tesla trading lower on the day. ups said they have commissioned 125 of thoser electric vehicle trucks. one thought could be that production for this company has had its issues, so maybe investors are thinking that is a high bar for the company. relative to taxes, whil

sticking with apple, iphone users have taken their complaints to court, infuriated by an apple softwaree that slow down the operation of their smart phones. at least two customers sued apple over the deterioration in their phone's performance. apple acknowledged this week that it issued an update that slowed down iphones with the dying batteries designed to help people get more out of their aging batteries and reduce occurrences of shutdowns, according to the company. customers don't seem to be buying it. joining us from minneapolis, longtime analyst covering apple, gene munster. guest host for the hour, david kirkpatrick. i'm interested what you think about this story, the iphones, older iphones shutting down has been happening to me. this has long been a conspiracy among users, and apple released its statement in response to a report about this happening. what is your take? gene: i think you need to step back and just play the conspiracy series through. if apple is slowing down the phones for the purpose of lying newer version phones, that sounds like a risky business approach. the re

apple is looking to round out its hold on you with the four k version of apple tv, a new apple watchnd an air pod. google wants to sell you a $400, super loud, high-end speaker that works well with its new pixel 2 phone. their stereo sound could be a better fit than the home pod. amazon is trying to be everywhere in your room. they have released several new echo speakers. my favorite, the echo spot. it is an alarm clock and device of the future. music andtes with video streaming services and is a perfect holiday gift for the gadget lover in your home. apple's home pod, will come out in early 2018 after being delayed. the iphone maker is already working on its next iphone as well as an ipad with facial identification for next year. google is working on a new home speaker with a screen. amazon is always working on new echos. happy holidays. emily: that was bloomberg technology's mark gurman. returning to headlines, we broke for you a few minutes ago, alphabet saying eric schmidt is stepping down from his executive chairman role to become a technical advisor to the company. this ending

, and they said yeah, it turned out to be true that apple is slowing down the batteries, so apple isen apple had to take the next step and explain in more detail and then give people something more ford, which is basically a $50 break on the replacement of a new battery, and if you replace your old battery in your iphone, it will be just as fast as when you first started. you think this will change the way that apple deals with its iphones, to make sure that they do not co nsta ntly crash ? make sure that they do not constantly crash? they a tech firm after all, there must be some solution? they cannot fix battery technology any faster than it is being fixed. that is the problem. you have to bring in the battery and eu is to have to pay $79 to replace it. what should change but probably won't is apple's transparency, the extent to which they let people know what is going on. —— you have to. your performance may deteriorate, one possibility is to change the battery, if they had let people know that, this never would have happened. unfortunately, apple loves secrecy happened. unfortuna

apple says it would never intentionally shorten the life of any apple product. uber shareholders have agreed to the a sizeable stake in ride hailer to a group led by softbank. implies a the deal valuation of $48 billion for uber and more than a billion will be invested. it makes softbank one of uber's largest shareholders and counts seats on the board. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. let's take a look now at the markets. hong kong and china, currently closed for lunch but here's how the morningading in session. this is the picture in and mumbai.okyo back in half an hour. time now for the best of bloomberg markets, middle east. ♪[music] >> i'm cory johnson in for emily chang. this is "bloomberg technology." softbank c.e.o. masayoshi son is about to add to portfolio. uber investors agree to sell him stake. great story here. and the silver lining for one of world's most valuable. a look back at a year uber but wewants to forget, weren't. more highlights and interviews, technology in the last

in a blog post apple saying, "we know some of you feel apple has let you down we apologize there's beenot of misunderstanding about this issue. the move could end up costing apple $1.5 billion if all eligible customers use it. that's according to jean muenster, who joins us now welcome to you the $1.5 billion figure is if everybody does this $29 battery replacement? >> yeah, essentially, there's about 170 million phones that are going to be under this that are eligible, and the quick math is that it doesn't cost apple $30, it costs them about $10 to implement this, so the total cost is $40, $30 comes from the consumer, $10 comes from apple so the total exposure is about $1.5 billion and i want to stress the reality is, only about at most a quarter of people are going to take advantage of this, and so you can kind of get a number that's closer to maybe $500 million to their exposure, but just to quickly put that into perspective, that's around what -- it's still a big -- if you think this is an apology or some sort of an ad campaign, that's similar to what mcdonald's spent on tv advertis

is in trouble, apple's in trouble and vice-versa i think in a way, apple is a defensive play based onaluation, some of the things tim talked about, and based on the chart. >> amazon, ail lphabealphabet, companies that have other tail winds behind them that apple as a consumer device company doesn't possess. >>> ahead, someone on our desk has a warning sign for you stick around to find out what he is seeing. >>> plus if you have a question, send a tweet to @optionsaction end the year right with e onof our traders answering your question live on national tv much more "options action" after much more "options action" after thisocomplicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support

to apples basis, i don't mean this kind of apple, metaphor call clorox, respectable brand, trades attimes 5% growth rate i don't know if it has node bleed valuation. ever hear that associated with clorox i haven't. we accept these valuations despite uninspiring growth rates and meager dividends because stocks have run so much. it's stereotyping, plain and simple no one thinks of them as being expensive or dangerous, because they're the low-risk, sleep at night safety stocks. with the same token, what have we decided that's going to get crushed in 2018 if not the last month of the year. stocks like alpha bit and facebook, last i looked have much bigger total adjustment markets than any -- much faster growth perform the same exercise. go to school apple's got a huge upgrade cycle, some predicting driving growth rate up 25% that's nonsense, let's say let's be conservative, cut it in half, 12.5%. a arbitrary. where is apple trading that's -- even being very cautious with the numbers, i mean ridiculously, cut the estimates in half, apple is going twice as fast as clorox or colgate. stocks

. >>> falling apple. shares have their worst day since august on a report that demand for its iphone x might not be up to >>> and three for 18, a trio of stock picks that our guest says need to be on your shopping list all those stories and more tonight on "nightly business fr >>> good evening, everybody. welcome to the program. i'm bill griffeth here at the new york stockexch tyler and sue have the evening off. it seems many people this holiday season made their lists and checked them twice, or by the looks of things, maybe even three or four times. what i mean is, we were in a buying mood, as shoppers came out in droves this year, driving sales, by some estimates, to their biggest increase since 2011. that naturally sent the retail sector higher on wall street today. as kate rogers tells us now, it might not yet be over. she's in west nyack, new york .or us tonight at, where else, a >> reporter: christm may be over. but retailers have a lot to celebrate. the latest numbers from mastercard point to the b

i think apple tv, apple car will all have no share in china.'s r&d spending has soared in recent years. how much is devoted to chips manufactured in china? kai-fu: everybody's hardware is manufactured in china. so i think that is currently china's competitiveness. now some companies are beginning to come back to manufacture in the u.s. in the less human-labor-centric type of manufacturing. i am on the board of foxconn. foxconn has built a number of factories here, so i think america's competitiveness will probably come from the automation part of manufacturing. the existing type, i think china has a lead. ♪ emily: who is going to win on self-driving cars in china? ♪ emily: who is going to win on self-driving cars in china, and why? kai-fu: well, i think our investments will win. we invested in three companies in autonomous vehicles. i think they all have a good shot. each of them has an execution-oriented approach, so i think with autonomous vehicles it is incredibly important to launch, collect data, and use that data to make your product bett

covering apple for us.e talked about this on bloomberg radio a while ago, and this is really interesting because it is a projection of what is about to happen in the quarter that starts next week and what just happened. alex: it has been one of the concerns heading into the christmas quarter. of course the iphone x was released six weeks after the iphone 8. there was a fear that maybe if they got too close to the release date of the samsung next high-end smartphone, which would probably come in march, the close to that and it will not be enough demand to sustain the numbers. cory: competition is another high-end smartphone, which would part of this? alex: exactly, yes. particularly in china, a lot of local manufacturers coming out with a far lower price point than what apple is able to offer, and of course with very similar features. none of them have the face id 3-d sensor that apple has come up with, but as some analysts were writing today, that has not been enough. cory: it seems a big part of apple's st

you are netflix, amazon, google, facebook, apple. apple is the orange line stuck in the middle.tuallyorm amazon even though netflix also had a nice run. playis your favorite thing -- fang play? >> i will avoid the single stock discussion. i am not a single stock analyst. indicesook at the fang and the correlation with treasury yields its reasonably strong. when economy is perceived to be not doing well stocks tend to outperform on absolute and relative basis. so in theory there's a real risk that if we get an acceleration in rates and growth in 2018 that cycle outs going to of these stocks and by nothing but industrials or small caps perhaps. that's a little bit of a hard assumption to make right now. this basket of stocks is going to continue to outperform. as long as the growth isn't violently upwards this is more shifting from second gear into third gear. these have defensible franchises of growth in so many different economic conditions. alix: michael purves is sticking with us. this is bloomberg. ♪ ♪ alix: this is bloomberg daybreak, i am alix steel. happy holidays, everybo

it was -- >> jpmorgan. >> right apple was in there what was the last one?now we're stumped together michael, thanks for being a good sport as always. happy new year, everybody. "fast money" starts right now. "fast money" starts right now. >>> live from the nasdaq market site overlooking new york city's times square >> i'm melissa lee tonight on "fast," bitcoin burning investors again today, falling nearly 10%, back below 14 grand legendary tech investor roger mcnamee says dramatic price swings are far from over >>> next, apple apologizing for its battery issues just moments ago and lowering the

doesn't have the margins apple has. even if we do see weaker sales, wouldn't it just be that the iphone x is being cannibalized of the 8 or 8 plus and if so, how does that affect margins >> there is a lot to unpack there. first off, any timing that you can take a transactional revenue base and move to a recurring revenue software business model, the market values transactional models like waiting for an upgrade at a multiple of profits. the market values the service revenues at a multiple of revenues so you can see apple's revenue decline, but if the mix of recurring services wretch news increases dwra mats itticly as a percentage of its total revenues, it is market cap and value still go could go up >> i tooktsly agree and i think what you will see is apple trading at 15 times with services and other parts, 11, 12 times maybe? so go buy in to this, you will hit the trillion >> yeah, recurring revenue stream of course is more highly valued as it should be they have to sell a new iphone every time they bring one out. >>

even if apple has to pay $15 billion, for a company of apple's scale, $15 billion is not a big burdenemily: this week, prominent tech investor shervin pishevar has been accused of sexual misconduct said he is taking a , leave of absence from his responsibility. five women who met him in a professional context said they were a sexually assaulted or harassed by him. current and former colleagues of a sixth woman say he groped her at an uber holiday party. he has sued the definers, a research firm founded by republicans, for spreading false information about him. they have responded to the suit, saying they have nothing to do with his accusations and the suit should be dismissed. in a statement, he wrote "as the legal case progresses, it is my response -- it is my priority to ensure the family is not adversely affected. i am confident i will be vindicated." google won dismissal of the california action lawsuit saying the company systematically paid male employees more than females. san francisco superior court wrote -- this definition does not -- purport to distinguish between female emp

there are lawsuits looming over apple headed into the new year. the company did give a patton the back though to tim cook after hitting him with a pay cut last year when the company's iphone sales lagged behind and they missed their revenue target s but this year apple is shelling out over 100 million to the ceo who got a 74% bigger bonus than last year. apple's happy with tim cook but iphone users around the country are not after the tech giant admits they've been capping battery life on older iphones, users are heading to court at least nine class action lawsuits filed in california, new york, and illinois claiming apple's decision to medal with their battery life tricked them into buying a new phone instead of suggesting they simply replace the battery but apple is defend ing the move saying "our goal is to deliver the best experience for customers which includes overall performance and prolonging the life of their devices." but this isn't the only drama for apple, sustaining the hype into 2018 for their most expensive iphone ever is harder tha

apple, the app store takes a 30% tax on all products sold in the apple store.gle home does the same thing. right now, amazon does not get any of that tax revenue, but you get 100 million, 200 million alexa devices and alexa enabled devices out there and when the consumer says i need more coffee or diapers or a car service, all of a sudden you will have providers that can bid against each other for placement in the voice search results and you have apple platform revenue. cory: another run. thank you very much.always a pleasure . mark: good to see you. cory: some of the biggest banks in the u.s. are offering perks. how the financial industry is taking a page out of a playbook, next. this is bloomberg. ♪ cory: from startups in silicon valley two heavyweights like facebook and google, tech companies have prioritized perks for employees from a limited occasions to pre-workout classes. the financial industry is now trying to play catch-up. our guest joins us in new york. laura, i love this story. it is an aspirational story like boat magazine or something. who has i

emily: what you make of the deal apple has made.hey have come to terms on an escrow fund to pay back taxes they say they oh. dispute over irish taxes with apple is going to carry on for many more months. year, theember last eu antitrust authorities said to ireland, you have improperly given apple a tax break that has allowed the company to avoid something like $15 million worth of taxes over the years and you have to go get that back from ireland. there is basically a dispute about what to do with the $15 billion while ireland, apple and the eu fight about that money. emily: how do you expect this to play out? in litigation be for a while. for a company of apple's scale, $15 billion is not a big burden. emily: this week, prominent tech accused of has been sexual misconduct and the said he is taking a leave of absence from his responsible -- responsibility at emergent hyperloop one. were amen said they sexually assaulted or harassed by him. current and former colleagues of a sixth woman say he groped her at an uber holiday party. he

the only american company doing ok in china is apple actually. apple return to growth in ed to growth in china, but still face cheaper smartphone competitors come and yet now they have this $1000 iphone on the market. what is apple's potential in china? are we going to see it plateau? kai-fu: i think overall apple is gearing up for some exciting products iphone 11 and beyond, and i think those, i think those may take it a step ahead of the huawei,tive, xiaomi, while opo, and others in china, so i am mid-to-long-term bullish because i can see apple building these great leap-forward from products, but beyond the iphone it is tough. emily: how much is devoted to chips manufactured in china? kai-fu: everybody's hardware is manufactured in china. so i think that is currently china's competitiveness. now some companies are beginning to come back to manufacturing in manufacture in the u.s. in the less human-centric type of manufacturing. i am on the board of foxconn. foxconn has built a number of factories here, so i think america's competitiveness will

we want to talk more about the apple story, not often that we have a downgrade in apple last week andanalysts are cutting iphone x forecasts, thinking that maybe the first wave has already happened. >> possible that is true but i point out that apple is still near its record high in premarket trading, down four dollars. if it was really a hair on fire moment, you would see a much bigger drop in apple shares and you are not seeing it. those who have been against apple in the past have been disappointed. they have a tendency to not worry about fluctuations but are in for the long haul. that said, it is somewhat disturbing to see the shipments apparently the so much left -- less than forecast. >> market value in apple close to $4 trillion and they have -- hope the flow will -- is, some of the competitors like samsung are eating into their innovation play. i think that is a factor in restraining demand for the appleton. -- apple x. >> let's talk about japanese inflation, unexpectedly picking up in november with core consumer pricing increasing 9/10 of 1% from a year earlier, that is still

♪ >> apple not so shiny.ck is down amid reports of sluggish sales of the iphone tempered let's go to nicole. are they concerned about apple? >> big picture, absolutely not. in the near term, there was a report in a taiwanese newspaper which basically said they are not really seeing the demand for the iphone x. they predict apple will lower the shipments to 30 million from 50 million. that hurts suppliers across the board. there's questions whether or not the iphone x was worth $999. people were bulking at that high price. there were questions surrounding apple. it dropped 2.5%. it also took down the suppliers. you see apple is up 50% this year so it's done well. the suppliers, chips or glass or the components, they were under pressure. because of this one report. the analysts think it might be less than what was anticipated for the first quarter but they still think people are going to want the apple product. >> thank you. what does it mean for apple? let's go to our tech expert. good to see you. nicole made

in the most recent quarter, good news for apple.al quarters of declining sales, all product categories grew in the most recent quarter. apple services is a higher margin business, and it is a business they hope to double to $50 billion by 2020. that is the one investors and analysts are looking at with massive interest. betty: we have been asking all of our guests come of the 2018 forecasts, the one thing you are watching in 2018 for apple, aside from the iphone? >> the one element is whether this iphone proves to be the start of a super cycle, rapid revenue growth, but the notion or idea that is crucial for apple is repatriation. they have $240 billion offshore. their ability to bring that back and how they deployed is something that people will be watching with a keen eye. david: thank you very much. our bloomberg tech reporter joining us live out of san francisco. you can get a roundup of the stories to get your day going, there we go. it looks like an emoji from the 1980's. there we go. dayb on your terminal. it is also ava

amazon, google, apple, facebook and microsoft. so there are a lot of people who read my columns, never go to "the verge." or "recode." my column runs simultaneously on both of those websites, which have common ownership. the column runs there. it's on the homepage. 10 years ago we would have talked about visits to that homepage, all of the arduous thinking about how to -- what plays where. there is still some of that going on. but large numbers of people who read my column read it on facebook or apple news, or searching on google. it pops up. our technical teams, thank god for them by the way, our product teams, have figured out a way following the specs published by apple and google and facebook to make our columns work there. make them load quickly and appear nice. that is one small example. facebook is a media company. it is a publisher of video, of audio, of text. people may not even go to "the verge" and read my column. they read it on facebook. apple makes this possible making the iphone and the ipad. google makes it possibl

is something less rotten apple? their apology for slashing battering prices after they slowed down over phones. is there going to be enough? counties across the country are offering extended hours tomorrow to prepare a list taxes, but do you have to? property bob massey is here to help. for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty stands with you™ liberty mutual insurance. >> trish: home daedalus are among the big winners in 2017, but it might be a different story for home owners. there's a lot of confusion when out with other folks in high tax state should be prepaying their property taxes due to the changes in the tax law. bob massey, post of "the property man" is here to help us with that. if you live in a high-tech state, like new york, like connecticut, like new jersey, like california, should you prepare? >> good

even if apple has to pay $15 billion, oddly for a company of apple's scale, $15 billion is not a bigurden. emily: that was bloomberg gadfly columnist shira ovide. this week, prominent tech investor shervin pishevar, who has been accused of sexual misconduct, said he is taking a leave of absence from his duties at venture capital firm and transportation company hyperloop one. five women who met him in a professional context said they were sexually assaulted or harassed by him. current and former colleagues of a sixth woman say he groped her at an uber holiday party. pishevar has sued the definers, a research firm founded by republicans, for spreading false information about him. the definers has responded to the suit, saying they had nothing to do with his accusations, and the suit should be dismissed. in a statement, pishevar wrote "as the legal case progresses, it is my priority to ensure the family is not adversely affected. i am confident i will be vindicated." this week, google won dismissal of a california action lawsuit saying the company systematically paid male employees more

apple -- and was cutting the apple iphone x shipping forecast based on lackluster demand.johnson joining us from san francisco. there are conflicting reports. an analyst referring to the fact that it may not be order cuts for iphone x units. that is confusing the market and it could be iphone 8 production cuts. we are a little bit confused. >> we will see what the numbers are, analysts trying to get ahead of trends about how much of it -- availability and incorporate it into the article is. -- theignificant jim iphone x is the big deal, the bigger and more expensive phone but a device that has the most cutting edge technology. who wants to pay for that technology and is the demand fundamentally there in big numbers? -- demand cycle is such was that apple was set up to sell a lot of phones right away. the question was, how much good they deliver? the -- gene munster did a great job monitoring over half , he foundpple stores the availability and over 75% of the stores of the iphone x feared -- iphone x. the rising availability suggests better supply and lack of demand perhap

these are not apple phones. but on android devices you can get over the air radio not going over the air data caps. when you have over the air radio you're losing a lot less battery life. there is spectrum use efficiency and i think public safety i hope apple will one day consider. must tell you the story of my friend gary shapiro runs the consumer electronics association. i guess it is the consumer technology association now. gary was never for this until he got caught in the sonoma, california, fires, he wrote a marvelous piece about his experience when they lost electricity and power, etching went down. the lightses were off, tvs were off. cell phones didn't work. they crashed and he was saying i just wish that got power can't get any signal. i wish it had an fm chip where i can find out to go to be safe, be rescued and how to get out of here. he ended up going to his car, his car radio and turning it on to find out what was happening in this calamity that beset the california valley. so he became a convert t

apple's brand is so key to their success. the most successful that there's, the fact that they've done this is very surprising and they do think there will be a lot of low back. i can't imagine i'm to give up my iphone though, but i might go take a look. this 24 hour revealed that tim cook, apple ceo got a huge pay raise on top of it all. >> not only did he get a huge payraise but the woman in charge of their stores and online sales got roughly sale. the fact that will slow down your phone and make you think you need a new one couldn't be. [inaudible]uññ?ñ? some people will get to be fantastically rich. i question whether not somebody in new york or california is not going to charge them with a crime. what they've done is really shameful. i love my apple product, but i'm very disappointed in them. i think they should've consulted their lawyers and lawyers and their lawyers and tell them to back off, the lawyer should be ashamed. >> sales for the iphone ten aren't that hot to begin with so they are in serious they. >> so those

poles apology at mit saying it had deliberately slowed down overall i phones apple is now saying sorry to its customers promise is to replace aging batteries for free will drop. be enough to calm down enraged fans. duce books dreams are final stop on the new silk road the former still making town of this book and germany's industrial heartland hopes a new eleven thousand kilometer or a late china will revive the local economy. also on the show venezuela's crippled socialist economy forces many to leave their country but the flow over it cannot make refugees is now creating pressure in neighboring countries. this is d.w. business i'm going to office in berlin after facing a barrage of criticism for deliberately slowing down old arrived phones apple now says it will reduce the price of battery replacements to regain customers trust some users had long suspected the company was using their regular software updates to slow down all right phones encouraging customers to buy newer models apple admitted the procedure but says it was done to prolong the life of aging batteries the company eigh

for more, principal with the norman nielsen group, and he was employee number 66 at apple back in thearly days. bruce, good to have you in this morning. >> thank you >> first of all, what is your read on this issue that has now become controversial about apple kind of using software remotely to they say of course enhance the performance of older phones, but users say that it is slowing them down? >> well, it is slowing them down and the reason for it is the batteries no longer have the ability to maintain peak power for as many hours as people use their phones apple's failure in this case, which is typical of apple, is they kept it all a big secrets if they allowed you to check your battery, if they allow you to see your battery was slowing down, it was causing them to have to slow it down, you would have the option of going and buying a new battery instead, there is just this mysterious slowing of the phone which after decades of software upgrades, slowing things because the code just gets more and more complex, people just assume that the old phone can't handle the new software so i

charger apple launched.otes about the potential demand -- australia's market closed at the session lower by y .1%. the rba is winning the official cash rate on hold. tencent very much waiting on the overall hong kong index, tintin not off to a great start. but there has been movement in large cap china stocks, particularly the csi 300. if we switch it out and have a look at the industrials and utilities, their energy stocks are still giving tha bit of a boost. sony in particular has been coming under pressure today, tencent as well, and of course samsung off by .5% in the soul session. session. seoul in hong kong, there is a broker upgrade to outperform of ccb international, a 24% increase from the last trade. we are live from london at the top of the hour. this is bloomberg. ♪ emily: this is "bloomberg technology." i am emily chang. chipmakers continue to reel, as stocks seemed to benefit from tax cuts. nvidia and two semiconductor indexes felt the pain, as well. cory johnson joins us. what is going on? cor

nab has been critical of apple. apple is a maker of smartphones fm t does not have activated chip. apple says in some of the phones the chip is there, it's not activated. and other phones, it's not there. there are other manufacturers activated it. and nab says on a voluntary that, it's folks do good for the consumers, can you give us a sense for if you feel that apple might do that? >> we hope so. a tough apple is business to get into. they are smart people, they have and i deeplytform, respect and enjoy their products. do think it's a great verizon, t to atnt and and sprint and team mobile and others that voluntarily their fm chips in their home. these are not apple phones, but the android devices you can et over the air radio which does not go against your data cap. you are using less battery life. lot of consumer protection in this. use efficiency. and i think public safety is hope apple will one day consider, and i must of my friend tory gary shapiro, who runs a onsumer electronics association. consumer technology association now. was never for this until he was caught in the

this, as amazon and apple are deepening their partnership and you can get amazon prime video on applev. mark: from a business perspective, it makes very little sense. what companies should be doing, and microsoft is a good example, is putting their script and -- subscription services on as many platforms as possible. all amazon is doing here by limiting their -- google's ability to have amazon prime video on google devices is having less amount of people to subscribe to it. they could be losing money here. on the other side, it's a power move. they want leverage for certain things. google is upset that amazon doesn't sell the latest products on amazon.com, the retail website, and amazon is upset at google because they are going on their turf. they have an alexa competitor now as well. emily: so, they are both being petty. doesn't it appear that way? james: it's petty. this is part of a much better -- much bigger fear that i think both companies have. it's advantage, amazon. all the ad dollars that are at risk for google are starting to flow over. you don't need that as much -- much bi