apple has all the leverage and that's exactly the problem for us to have a proper negotiation with applethere needs to be choice if apple actually had to compete with their payment processing system against the rest of the industry like every other payment platform has to do, the tune would be completely different. when we negotiate with our payment processors, they're talking about basis point differences because the rates are so much lower. we pay around 2% or 2.5% at most so apple needs to give developers the choice. you can either choose to use the apple payment system and you get all the wonderful benefits that that brings, consumers already have their credit cards in the system, it's very easy to use, there's very little friction it has benefits. but unless there's real competition, we don't get to choose that. so give us the choice, let us process payments directly ourselves just as it's possible to do on the web and then let us tell consumers about it. the other thing is that apple gags consumers -- sorry, developers from telling consumers if they're using another system if you o

it seems that apple is confident. they're rolling almost their entire laptop platform over to this >> what we tend to see with the platform shifts is the real challenge with software and development ecosystem. if the adobes of the world have to rewrite large amounts of software to execute on a different chip platform, they got to take a calculation and say is the performance benefit going to be so great that my customer base is going to go to this new platform and i'm still going to make money? how does the math work on this do you think based on the work involved and the performance premium that they're promising that it's going to be worth it >> well, they've already got some major developers. you mentioned adobe. they talked about adobe, who actually is recompiling and rewriting their apps to write on the apple silicon. and there's rosetta 2 that would allow nonnative apps on a software layer that's in between. this has been around for a while. typically you take some kind of a performance hit. it seems like they'r

run and apple's valuation to -- who are you comparing apple to it's not apples to apples at all, it's apples to oranges. this is an i i don't think this is an indicator that peel should get out of apple absolutely not it makes sense to have a diversified portfolio. if you've had a really great run, it might be time to trim a little bit i don't think this is a a message to get out of apple. >> it's not as though, to continue to play off what you're talking about with apples and oranges, it's not like apple has been a lemon in the past but by virtue of the gain it's had, it has nearly tripled off of its lows of early 2019, which means it was there okay it's had a big run but it was a lot lower in the early part of 2019 right? it's not like the stock is completely -- it's not like it's completely teflon. let's not act like apple hasn't had issues in the past even if it's short periods of time >> absolutely. everybody has issues but i'm looking at -- first of all, i'm a long-term investor, i'm not a trader my convictions around stocks are based on where i think it's going to go, very fund

they are paying nothing to apple. epic games, as you know during this lawsuit with apple, they have been paying nothing to apple either. so this is not really something that applies to them, necessarily. in terms of windowdressing that spotify is talking about, this is something i do sort of agree with. apple is saying this is in response to the covid-19 pandemic impacting small businesses and small developers. and i know of several developers who have had their revenues fall because of covid-19, but i think that regulatory scrutiny and other issues that apple has gotten over its app store practices is a big reason for this change as well. emily: is this going to be enough to appease regulators as the antitrust scrutiny continues? do you think regulators will see this and say, ok, this makes us feel better, or is it not enough? mark: maybe some. and i think the same voices inside the ears of the regulators and governments, companies like you mentioned, epic, basecamp, spotify, they are going to continue harping on thi

emily: that said, the folks on apple's side, including many developers, recognize apple has created this incredible infrastructure that enables these developers to get out to the wider world. how much of a hit will apple actually take on revenue here, given that this is impacting the vast majority of developers, but those developers do not make more than $1 million a year? mark: i certainly agree with you. obviouslyprovides -- provides this thing in which they would not even exist. estimates sohree far today on what the impact will be. i've seen an estimate of apple losing $1.6 billion in annual revenue. all the estimates come down to apple losing less than 1% of annual revenue. so it is not really going to have a material impact on the company as far as i can see. emily: all right. mark gurman, thank you was always for breaking it down for us. coming up, president trump fires the homeland security official after contradicting his unfounded claim about election fraud. will talk about the severity of the allegation and the security surrounding the rigged,, if it was all like the president

not just amazon but names like etsy then app store businesses affected by this apple move.nd we have the box ceo coming in later in the hour >> and then there's best buy, of course reporting earnings we're a few days away from black friday results were good. comps were good. no guide for q-4 frank holland has more on it hey, frank >> hey, guys shares of best buy down right now even after that blowout quarter we talked about. a lack of guidance as well as headwinds with shipping costs and supply chain issues weighing on the stock when you look at the digital business that, was a bright spot 40% of on line orders are picked up in store. they got a big boost from prime day and starting black friday sales earlier. emphasizing a push towards share from store right now we have over 400 stores that are enabled with that capability. and for same day delivery, we expanded our portfolio to include partners like shift and rody and we also just recently started working with instacart for the same day delivery. you see the company really focusing on delivering from its own stores not on

one more thing apple is kicking off another product event right now with big implications for the text sector we have the highlight and the trade ahead and what to expect from a biden administration. our expert has throw things he says could get done. we'll tell you what those are. let's start with the markets the state of play looking very familiar dom chu has more on that. >> reporter: a bit more of a chew decidedly positive moves yesterday faded into the closing bell still, with the 57 at highs we were down throws are trendy lower in if you want to talking about that real retail that i snufltful of take a hock at the nasdaq etf qqq. look at that gap in performance. the last couple of days it down 2% for the nasdaq and up 2% for the russell. by the way, remember, the invesco qqq etf is up 34% and the iwm up 4% so a huge reverse a. we'll see if that continues to play out. you talked about whether or not certain stocks are leading their way higher and lower the move between some of the recovery plays over the last couple of days our data team looked at boogie, stretch and -- over the l

apple forges ahead alone! the first time in 15 years the tech giant uses its own chip processor for its latest macbook air. and the second uk lockdown is forcing many of us to have an early night, we take a look at what impact that's having on nightclubs and the overall night—time economy. you may or may not have heard of singles day — but thanks to clever marketing on the part of the retail giant alibaba in china it is now the country's biggest shopping event. and it's likely to be the world's biggest retail event. aliba ba created singles day 2009, and it has grown bigger every year. in fact, sales increased by 35% every year for the past five years. just to give you an idea of how big a deal this is, last year, singles day generated 8 times more sales than the us—led black friday event which traditionally marks the start of the christmas shopping season with over 38 billion dollars in sales injust one day. joining us now from shanghi is robin brant. lots of people have been buying and they have been doing s

a special apple event from apple park. watch it on at apple.com november 10th, scott, 10 a.m. pacific. now, we don't know what exactly is coming here but certainly one possibility would be those new macs remember at apple's big development conference over the summer, they did say those would be coming by the end of the year these would be the macs with apple's own custom chip rather than intel on the last earnings report, the m mac was a bright spot. i think tim cook's comments were some of the most interesting on that call when he said he believed we entered a new era and new normal in term of people working, learning and playing from home, he thought that was going to be a tail wind for mac and ipad lines wedo have the next apple event here november 10th, 10 a.m. pacific. rather that enough iphone 12 mini, preorders this friday. back to you. >> all of these big events coming at a time where it's still cloudy out there, josh lipton one of the things that jobs -- steve jobs tim cook, who you spoke to last week mentioned st

basically, apple has decided it --not go on with apple for intel for its chips.part of their strategy anyway, but it does show a lack of confidence in intel. vonnie: we also got a 13 inch macbook pro and mini, so plenty of new things out there, but will it prompt a round of upgrades, or is this just apple transitioning to the new chips? alistair: mac computers have been criticized in recent years, especially from professional users, like people that have to do creative graphics things. they have been complaining that apple has not been focusing on the macs. these computers will certainly customers,sfy those so you could get some upgrades. one note of caution, this is a really big technical switch to go from a processor designed by intel to apple. marks about how well apps and other things will work on this trip. if that all goes smoothly, it could be a big upgrade cycle. amanda: alistair, great to have you with us. coming up, we hear from the ceo of morgan stanley about the importance of the recent acquisitions of eaton vance and e*trade. this is bloomberg. ♪ ama

fully apple designed chips. this is a huge transition for apple away from intel. some of the new specs are pretty amazing. 18 to 20 hours of battery life for these new computers. what is your outlook on these new laptops? dan: this is a major step for apple. it is something 15 years in the making in terms of this vision. it is more control of their system, the golden cupertino ecosystem. when you see what they have done here on the mac side, i think it is a first step. there is more integration between software and hardware. it is going to be positive for magins. -- for margins. this takes a step back to the biggest product cycle apple has had in a decade. obviously the iphone 12 leading that. emily: this is obviously not good for intel. intel out with a statement, touting its own chips providing the best and most open experiences. we know apple has been working on this technology for more than a decade to get these chips and laptops ready for prime time. talk to us about what this means given that now the entir

the third apple event in a month. the apple m-1 is going into the new mac books.isten to tim cook. >> the mac has always been about bold innovation and change. we're going to apple silicon. we promised the first marc with apple silicon would arrive by the end of this year. that day is here. susan: three new macbooks, minute any 699, macbook air, higher 999 and higher end pro starts at 1299. this ends a 15 year partnership with intel. back in 1984 the first ones were motorola chips went into macs. intel pc taking over. now the generation of apple silicon. $9 billion were sold of mac computers in the recent quarter that is a record amount for three months. don't forget they make 1 1/2 times of mcdonald's makes in one single quarter. that is only for mac sales. apple's biggest moneymaker is the iphone. still in period of work from home, school from home, macs are doing very well. i have apple making the chips go into these computers imagine they will be first of all fastter, it will be easier for apple to roll out their new services and upgrades on the new mac books

bullish names like apple and cisco as well. emily: we are looking at a video macs,le's newly released designed with fully apple designed chips. this is a huge transition for apple away from intel. 18-20 hours of battery life for these new computers. what is your outlook? dan: this is a major step for apple. really 15-20 years in the making. the cupertino ecosystem. what you see they have done here on the mac side, i think it is a first step. there is more integration between software and hardware. taking a step back to the biggest product cycle apple has had in a decade. emily: this is obviously not good for intel. intel out with a statement, having its own chips providing the best and most open experiences. they have been working for more than a decade to get these chips and laptops ready for prime time. talk to us about what this means given that now the entire family of apple products will be on the same architecture. eye for inteblack l, especially with apple saying chip.ill come out with a machine learning significantly hi

but i think they did that on purpose because you can actually see neck in neck or apples to apples hereow much gains apple gets by putting in its own chip versus using intel's chip. so that's six, seven, eight, ten hours more battery life, three times the amount of performance, increased graphics performance so i think theme leaving the hardware as it is right now gives them that ability to really see like, look at what we can do, look at one little change in a processer can do. >> i've got to ask about the impact on the whole pc ecosystem potentially here, because this is a significant performance difference that is being claimed. so are we going to see microsoft and surface having to push more into arm chips and trying to achieve this kind of performance and battery life benefit >> yeah, i mean one thing to really bring up is that tim cook in one of the last earnings calls said the mac pro has been huge, but 50% of these people buying new macs are not recurring customers. so lots of people are flocking to buy new laptops, obviously work from home, that makes sense. i think here what's

apple, apple owns youtube, i can't believe how p-- they can' afford it. the reason to stick to the stock here is an advertising play. once we have a vaccine, all sorts of companies will start running ads again. alphabet have been a terrific covid winner but it is also a vaccine winner what about all these groups they want you to swap into? so what? very few oil companies can meet the is estimate here. cyclicals, i love it more than anyone they already been bid up democr dramat dramatically amd, we'll hear from dell technology and pcs business is on fire. the faang stocks are the group that let us hire this year and they're not going away we need some questions why don't we start with lenny in virginia lenny! >> hey jim, big booyah to you. >> right back, right back. >> i want to say my father introduced me to your show about 16 yeears ago and i have been a loyalist since and you have not aged a day >> wow, tell my wife my wife would be okay. what's going on? >> so i like to hear your thoughts on t-mobile >> t-mobile is a buy at&t is a sale, verizon is good

apple unveiled not one, but three new mac computers.owcased a mac book air, a mini and a pro, all powered by its very own m1 chip. susan li all over the news which just came out. what does apple have up its sleeve and who is getting hurt from that announcement? susan: think of intel amd, some of the pc processor makers like those names i just mentioned but this is a big game changer, so yes, three new mac books, apple silicon which is the chip, the pc processor apple now makes and first generation m1 goes into the mac books. listen to tim cook. >> the mac has always been about innovation and bold change. in june we announced that the mac is taking another huge leap forward by transitioning to apple silicon. we promise the first mac with apple silicon would arrive by the end of this year. well, that day is here. susan: three times faster, longer battery life, three new mac books here. we have an affordable one called the mini starting at $699, the air, $999 and the pro ships at $1299. at least three times faster than the previous generat

these computers also come with one more thing like apple likes to do. for the first time they're equipped with apple's own chips, a move that some say could alter the pc and laptop dramatically. it signals the beginning of the end of apple's 15-year relationship with intel. >>> let's get a check of the forecast. boy, jack, going to bed last night, i couldn't get enough blankets on me. i had to turn on the heater which i never do overnight. is it going to be another frosty evening. >> i think we're going to get cold but not as cold as it was last night. i know you, the blanket situation and the heater and everyone out there will kind of enjoy that. so, we'll get chilly but not expecting a lot of places to go down near the freezing mark. we'll get a live look outside the sky camera network, in walnut creek looking towards concord. you can see the cloud cover has started to increase at this hour. that cloud cover is going to act like a blanket and help to insulate it and help temperatures from getting too cold. cloud cover acts like a blanket and that shou

largely a work-from-home story but mega cap tech, apple, mike ron, apple, facebook, all underperforming since after the first half hour ever trading or so also underperforming, all the other big stay-at-home names so successful in the last six or seven months, your zooms, your slack, your docusigns, all of them underperforming bottom line, guys, they are playing for a stimulus story right here and downplaying the work from home back to you. >> it's a strange one, bob it's a fascinating trade we'll talk more about it thank you so much, bob pisani. we have stocks overall starting november strong, but investors are still puzzling over what the election will bring. you also have bond yields which have been rising since bottoming around half a percent back in august even last week while stocks sold off the yield on the ten-year perked up. right now around 0.86% what does this all tell us, and do the markets have different ideas what have this election holds? let me ask our market guest today. bob michaels, cio and head of jpmorgan asset management, doug ramsey cio of the luthal group and we

it makes me want an apple laptop again. that's absolutely a space to watch.e've got to go, but, mike, real quickly. curious to your thoughts as david faber has been reporting we may be close to a sales force/slack deal what should investors need to look for in that >> obviously the specifics of the dollars changing hands sales force stock actually on the weak side today. people may be worried about a little indigestion, the valuation being paid for, but it seems like strategically the logic is pretty intuitive to everybody in terms of slack being folded into that suite of offerings, maybe that much more of a feature or a product than it was a thriving public company so it seems like, you know, makes sense as a fit-together right here. >> it all feels -- the theme of the whole rapid fire feels like a transition from the old to the new, just at what price, i guess. thanks so much for your time today. jon fortt, mike santoli and seema mody that does it for now. >>> still ahead, retailers are lower with consumer discretionaries, one of the day's biggest lag yards

including a high ranking executive from apple. we first broke the news on friday. >> details on the twist to the case. >> the sheriff hasn't been accused of any wrong doing. the district attorney says his investigation is ongoing and is not ruling out another grand jury. >> my office will hold the perpetrators of this illegal and reckless scheme. all of them accountable. >> that's district attorney detailing the latest charges against a sheriff captain and the department second in command. >> call this quid pro quo. call it pay to play. call it give to get. it's illegal. and deeply erodes public confidence in the criminal justice system. >> the latest indictment alleges sungnd captain james asked apple head of global security to donate $70,000 worth of ipads to the sheriff office in exchange for permits. a second indictment alleges sung asked the businessman to donate a suite for a sharks game. so the sheriff could celebrate her election victory with families and donors. in exchange for permits. >> my client didn't do anything ill

from a technical perspective since the iphone went to apple-designed chips.ment for pcs in general, productivity in this pandemic and the amount of gross margin apple can successfully capture if they make this chip transition is huge i think the challenge will be app compatibility. we're going to start to see once they ship these things >> certainly there could be concerns in terms of the software compatibility issue we have much pushback. the other thing i have to ask carl is will we see another surprise will we see those tiles? will we see new over-the-ear head phones. is there going to be one more one more thing in addition to that, john >> well, before we close out this hour, we have one more thing. all three of us are staying busy after the show today, this time part of the evolve summit. i'll be kicking things off with ibm ceo arvin krishna. >> that's an amazing event we look forward to seeing everybody there this afternoon let's get back to headquarters and the judge. >> after monday's monster rally, where will your money work best in the days and week

. >>> in other apple news, the company is making a major shift in app store fees.ay apple announced it will slash the fees it charges app developers from 30% to 15%. that's if the developer made less than $1 million in the year prior after apple's commission. it's unclear how many small developers will be impacted by the change. the new fees are set to take effect january 1st. >>> take a look out along the i-80 donner summit corridor there. lots of fresh powder on the ground. bad for drivers, good for skiers. chain control in effect from nyack to donner lake interchange. the storm continuing to drop snow in the sierra. caltrans, of course, working very, very hard to clear the roadways. as of this afternoon, squaw and alpine ski resorts recorded 16 inches of snow in a 24-hour period. and enthusiasts say keep it coming. >> i can see people just loading their skis into the rooftop racks as we speak. it's a socially distanced activity unless you fall down and need help. which would be me. >> carry a mask in your pocket. >> a winter storm warning until 6:00 this evening

friends pushes ahead with a digital tax on the lives of apple albums on facebook. google, the move is likely to anger the united states would says american companies are being unfairly targeted. also on the show, as a booming on live competition weren't enough, now they've been damaged, as depriving bookstores of much of their walking traffic. we tell you the story of one shop in washington, d.c. and bitcoins, while dr. contin use the cryptocurrency is value tumbling. just after one day after failing to make record profits. i'm chris cuomo, welcome to the program. francis pushing ahead with a digital tax that will target some of the biggest tech names in the world's, the levy will see the likes of google, facebook, apple, and amazon, forking out millions the companies will have to pay up as soon as assembler. meanwhile, talks about a global digital tax continue. the organization for economic cooperation and development says a tax of around 10 percent on profits could bring 100 $1000000000.00 a year worldwide. the timing of this discussion is quite significant. sinc

it is a free download available on the google or apple app stores. when people opt in to the app, their phones generate a random number that changes as frequently and periodically to protect the identity of people using the application. when two phones are within six feet for 15 minutes, the phones exchange these numbers via bluetooth. when someone tests positive, they have the choice and it is important to underscore they have the choice of using the app to warn others. health authorities provide a code that is entered into the app. people that have been in close contact within the infectious period will receive a notification they may have had a potential exposure. when you receive this notification, at no point does it tell you who triggered notification. it does not tell you where the exposure potentially occurred and it does not even tell you the precise time of the exposure. ranget gives a broad time within the last three days, within the last four to six days. available for download for free from the google and apple play story. at the core of

he think apple is going to develop channels? >> you know, i'm going to leave that for the viewer to see >> teasing me. >> tease a little. why not? >> wow carl. >> are you going to buy potato farms at all >> no, my wife wants to buy another house. we have a lot of houses. >> yeah. it is hard assets. >> she says it is an investment. >> it is it is. >> furnish it. >> you'll be able to move it all of them when there is two white houses. >> this one has ag land. i'm feeling malone >> they got a spac did you see that, carl why not? now liberty has a spac we're going to talk to greg mafee later as they get that liberty media investor day under way as well. >> yeah, ticker lmacu. interesting. there is a look at maffei coming up in the 10 we'll get to macys, nvidia, vaccine headlines out of azn, that affirm ipo news and more. futures are mildly weak here back of a break. ♪ ♪ ♪ ♪ before we talk about tax-s-audrey's expecting... new? -twins! ♪ ♪ we'd be closer to the twins. change in plans. at fidelity, a change in plans is always part of

he was ready to donate nearly $70,000 worth of apple ipads. >>> if a public official is requesting a bride, that person should do is call the das office, not comply with that. >>> they detail any legal scheme were traded for high-tech equipment, campaign contributions, and expensive tickets to the shark tank. prosecutors allege undersheriff sunk was bribed with tickets at the sap center. the sheriff later sobered her election. she has not been charged with any crime. legal analysts say she is clearly in the crosshairs of investigation that is now reaching the highest levels of administration. >> prosecutors, they can get the highest person they believe is responsible, that is going to be there goal. and often to get to that person, they need to begin at the bottom, and work their way up to the top. >> reporter: the sheriff has not spoken publicly about the case. the sheriff's office released a statement reading and part, as law-enforcement officers, we are held the highest moral and ethical standards. this is a difficult time for our organization. however, our goal remains to provide

apple used to be a gadget maker.is 2020, not 2005 what changed apple is not just about the hardware anymore they are a vast service revenue stream if the bill comes up around 2:00 a.m. of apple tv and cloud backup and photos and credit card they take a sizable cut of everything and they sell it through the app store. i have been saying for years tons of occurring revenue. does it make sense to pay 30 times earnings for that. it is cheaper than mccormick, the big spice company. that's right it is cheaper than this. start wondering why it is so cheap for a company with fabulous stream like costco or netflix or amazon prime. wall street always pays more reoccurring revenue streams. i think it got more room to run. throw in a new president that'll be less hostile to china and apple does a ton of business when it comes to apple, own it, don't trade it i would like to say there is always a bull market some where, i promise to find it just for you right here on "mad money." i am jim cramer, see you tomorrow the news with sh

apple can tune its stuff special. if apple doesn't do as great a job with those individual components as specialists like intel. so not only is apple trying to make it own cpus now, it's also trying to make its own 5g chips. can it do all of that at once, and craft its products apple is apple maybe they can, but maybe they can't. >> jon, thank you. gives us a lot to chew on. good to see you. >> good to see you >> joe >>> thanks, becky. coming up, mike wilson of morgan stanley on the markets the futures right now were down more than 200. now down 160 on the dow. nasdaq back in the green, barely, up 17 points we'll be right back. at calvert, we know responsible investing is hard. if you're concerned about the environment and climate change, how do you find companies that are driving the right outcomes? if you care about economic equality and social justice, which firms are addressing it in their workplaces and their communities? for nearly 40 years, calvert has delivered competitive returns by investing in companies mak

doc, you want some apple pie soda? doc? you want some apple pie soda? >> listen, i'm going to be honest with you, no doctor is going to recommend people go and try soda but if you tried the apple soda sol? >> exactly. there might be hope. there might be hope in this flavor. >> that's because they make it extra carbonated. it's super bubbly. it's delicious. >> swish that around. maybe that will help. >> now the challenge is unnecessa unnecessary. i don't know why that's a thing but these are the need better sleep? try nature's bounty sleep 3 a unique tri layer supplement, that calms you helps you fall a sleep faster and stay a sleep longer. great sleep comes naturally with sleep 3 only from nature's bounty joint pain, swelling, temy psoriasis. and stay a sleep longer. great sleep comes naturally cosentyx works on all of this. cosentyx can help you look and feel better by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting, get checked for tuberculosis. an increased risk of infections and lowere

the apples, microsofts, palantirs, all of which of i own by the way, full disclosure but to the point i think the elections are going to come and go. people have election fatigue. they simply want them done. i don't think the administration will matter if hope in a vaccine takes over. neil: interesting. john, keith was touching on some of those technology issues, they are the ones the last couple days taking it on the chin. i can understand they were the flight to pandemic quality in the rough times. they benefit amazons, apples, the zooms when we were sheltering but could there be something more going on amongst some of the bigger players, the fact they will likely be targets of a democratic attack line all but says you've all grown too big for your britches? what do you think? >> let's hope not. my view is always that the natural state for individuals and corporations they work for is growth. and so i think what the markets are saying right now is that amazon is unique as you point out. it did especially well given the view we're going to be locked down for quite some time. no surpr

if the parent puts down a bunch of oranges and apples and says oranges and apples the kid has to know how to tell the apple the orange and they have to be taught those rules before hand before they can count. and that is a simple one to teach kids from an apple and an orange. but something more interesting like count on - - counting ballots in the election somebody has to decide what somebody is making a decision before they even count the votes what is a valid? if it is mail-in do you find in all the right places? somebody is deciding who even gets to cast the ballot? packets may be for anybody tallies up the number of votes on the ballot. >> and to dwell on this for a few minutes but it is a valid point we think of teaching your children to count two comes after one and three comes after two but your book made me rethink that. that is the easy part. the hard part is the individual part asking them to categorize in the first place it's one of my favorite conundrums as aeenager when you say hi to a piece of broccoli does the stock say it or the florettes at the end? it is a ridiculous

head to crohnsandcolitis.com . >>> apple made an announcement.sing chips. they have relied on intel, now they will use m1 chips. the m1 chip makes it three times faster. >> the m1 chip is the most powerful chip we have created. the macs are faster. new capabilities and enables the mac to run more software. >> the new macs went on sale today. the most popular mac book pro sells for $1,300. >> let's bring in larry. this jump by apple is huge. what are the advantages. >> foremost of us is battery life. that's less relevant if you are stuck at home. when i was traveling an extra few hours of battery life would have been valuable. i think that's what most people will love about the processor. the faster chip will be useful. most people aren't going to appreciate the extra performance. the mac book that starts at 1999 which doesn't have a fan. that's a great advantage. >> this is a significant change. what are the concerns, if any. >> the concerns when you go to a new hardware platform if they will break. there will be some software that won't work on

the best apples are sold directly. and they're all the same. but most of the harvest is immediately processed the monks produce 60000 liters of apple juice annually all of it in organic quality for over 20 years now it was a tough decision organic farming is more expensive and more labor intensive. but climate change can't be ignored and the monks are committed to sustainable farming. is the core meaning of our poverty is that nothing belongs to us. i don't own a book heroes i don't own a tree so that is i don't own the car and i don't own the bike i don't be violent to me for my uses so i take good care of them. all we also take care of the land which doesn't belong to brother reshad or brother 100 s. or to abbott beda this has been entrusted to the community and we take care of it you know. a hiking trail begins and ends at the monastery abbot beta and the local mayor came up with the idea. the town maintains the path advaita provides the spiritual input quotations from st benedict to stimulate the hikers thoughts. the wrong been hooked on th

apple recently announced the beloved thanksgiving and christmas specials would only air on apple tv plus, but people got mad so now apple changed its mind. the specials will air ad-free on pbs november 22nd and december 13th. >>> in today's "gma" first look, the husband of lori loughlin reporting to prison today for his role in the college admissions scandal. >> reporter: in this "gma first look," actor lori loughlin's husband, massimo giannulli, set to go to jail for his part in the varsity blues scandal. he is behind the popular massimo clothing brand. he was sentenced to five months behind hared and o bars and five jail. both of his daughters were staged as rowers to recruit them for the usc rowing team. on tuesday two days before going to jail, massimo giannulli was spotted with a new look. and coming up at 7:00 a.m., new details on what he's facing in prison. >>> two north bay parents are heading to prison for paying $250,000 to get their daughter into usc. diane and todd blake live in ross, marin county. is judge sentenced her to six weeks, he got four months. the couple pleaded gu

they earn courage apple to implement it the feature has been delayed until next year.o that developers have time to update their systems apple defends the feature and xplandz w complains why it's important and takes a shot at facebook saying facebook executives have made clear their intent is to collect as much data as possible to develop and monetize detailed profiles of the users and disregard for user privacy continues to expand more of their products now facebook says this new feature is going to negatively ae affect the ad supported business model and responded with its own blistering letter. they said that apple is using the dominant market position to self preference their own data collection use the same data. they claim it's about privacy, facebook says, but it's about profit of course, you hear really does come down to data. what is xlecollected and what i done with it they can minimize that collection and that is a key advantage when marketing the products and services. >> jyeah, josh this is a cold philosophical war going on between apple and facebook for q

clara dijo que esta investigaciÓn, que tambiÉn involucra al jefe de seguridad global de la empresa applecargos. se presentaron cargos contra el segundo al mando de la oficina del alguacil. >> nuestra investigaciÓn reveló que el subalguacil retuvo la entrega de permisos al equipo de personal de apple hasta que no se hiciera un donativo en equipos electrÓnicos. no se descarta que la investigaciÓn pueda llegar a niveles mÁs altos, inclusive a la misma alguacil. >> personas civiles pagaron el dinero para recibir los permisos de las armas. la sheriff serÁ investigada. reportera: este caso no sÓlo involucra a funcionarios de la oficina del alguacil, sino tambiÉn al jefe de seguridad de apple, que estÁ acusado por ofrecer sobornos. paola: gracias. cambiando de tema, dos personas murieron y tres con heridas graves luego de un ataque en una iglesia de san josÉ. la iglesia se usaba como refugio para personas sin hogar y no habÍan servicios religiosos. el sospechoso fue arrestado. descargue nuestra aplicaciÓn para que se mantenga informado y actualizado. ♪ ♪ [mÚsica] paola: empezÓ la semana con tem

first up, apple is introducing new macbook laptops.s delaying its filing for its initial public offering. the company wants to avoid the event being over shadowed by fallout from the u.s. presidential election. that filing could come next week and more coronavirus vaccine news russia's national research center for epidemiology says that its sputnik vaccine had an efficacy rate of 92% that figure is based on interim data from a double blind placebo phase 3 trial involving 40,000 volunteers andrew. >>> two big stories that we are watching very closely this morning. julia boorstin is standing by with a new warning in beijing to tell us why shares of some of the best new asia tech share companies eunice >> reporter: thanks so much, andrew singles day is wrapping up in three hours' time. live streamers here are encouraging chinese consumers to get their orders in now, but with all this excitement it's really being over shadowed by what appears to be the chinese government's attempt to try to tame china's big tech firms. yesterday the antitr

. >>> how apple is responding tonight after one of its executives is invited in a scandal.g a south bay sheriff's department. >>> later, another new player for the golden state warriors, and he is expensive. can he fill klay thompson's shoes? >> you can leave that for the accountants. i'm here now, i'm jackie, i'm looking at your mri. your shoulder seems to be healing nicely. well, dr. farrell, it feels really good... that's good. and... i'm sorry. baby, don't touch that... i don't want you to play with that... (singing) twinkle, twinkle little star. how i wonder what you are... (still singing) up above the world so high... like a diamond in the sky. i'm so glad that your shoulder is feeling better. but, how are you doing? i'm hanging in there... schedule a video visit with your doctor. and get quality care with no copay. kaiser permanente. thrive. >>> the overnight curfew for counties in the purple tear goes back into effect in less than three hours. at what is being asked to stay inside between 10 pm and 5 am. some northbay law enforcement agencies essay right now, enforc

tech company apple indeed just unveiled its newest generation i macs and mac books they've got one key difference in size what can you tell us about. and one that's the big thing that's their own processor that they're now having for the make computers in the past to 2005 from actually they used the processors of intel so now they develop their own and what is special about their own processors they have to use the technology already for the i pads and for the i phone meaning that now also the make computers run on those of processors you can also play apps that you're usually designed for i phones on the computers so the prices run as high as $1300.00 the stock of apple not doing that much but clearly a new development with mac and was apple that now even for those computers their use of their own chips that they're supposed to be. more better really efficient and also faster so those are some of the new changes and by the way so they did not just announce this and one but they also announced 3 new. computers starting to ship next week. today. electronics new games consoles hitting th

apple says it slowed down the phones to save battery life but the states claim apple was trying to force people into buying new phones. >>> time now for a look at your thursday weather. rain along the california/nevada border helped crews battle a wildfire that destroyed at least 80 buildings. one person has died. 20,000 agenters have burned so far. looking at the radar expect more rain and mountain snow today in the pacific northwest and northern rockies. some freezing rain in the northern plains could make roads icy. looking at today's temperatures, most of the midwest will be warmer than usual and readings in the northeast will rise into the 40s. 85 in phoenix. 73 in albuquerque. >>> coming up, what's being called the holy grail of the art world. >>> also ahead, a three-day search ends with a miracle. how a boy survived alone in the woods for days with no food, jacket or shoes. >>> but first prince william breaks his silence about a controversial interv >>> back now with what some h historians are calling the holy grail of the art world. experts had been studying this recently discove

we reached out to apple. they didn't want to comment on this but to say that the settlement doesn't mean they have conceded they broke any laws in this case. settlement still needs to be approved by a judge and no, at this point no indications that any of the money would go to i- phone users. >>> the coronavirus cases in california continue to rise. new numbers showing the state is reporting 9800 new cases today. the rate of positive tests over the last 14 days is nearly 5%. the state is expanding its mask mandate. the new order means california must mask up outside their homes unless they are alone in a car or only with those in their households. the mandate exempts those younger than go and those with a disact. >>> pfizer is looking to file for emergency authorization saying the vaccine is 95% effective with no safety concerns. those monitoring the trials say that the drug has even prove tone be effective in high risk older adults. once approved they have picked four states for a pilot delivery, texas, rhod

, at least for apple. >> exactly exactly. i just said i was a pc, now i'm a mac. no, the other way around anyway, i'll have to go back again. we're out of time. jon, thank you for joining us today. that does it for us, everybody "closing bell" starts right now. >> it certainly does welcome to "the closing bell." i'm wilfred frost along with sara isen. the dow down more than 100 points further positive news on pfizer's vaccine helped sentiment early, but we since faded during the session new york city said it's temporarily closing in-person schools as cases surge in the city and around the country. that has stay-at-home stocks like peloton and zoom popping in the session. high intraday high russell 2000 continues its high but it, too, has faded during the session. the russell flat, the other indices negative >>> coming up in today's show, we'll ask allianz chief economic adviser mohamed el erian about today's highs plus, the president of shopify about the company's new partnership with alipay mike santoli, tracking the market

at least when apple didn't give a sales guidance for the 12.f course, qualcomm has lots of different customers beyond apple. did you get a sense of how far we can or cannot read into that part of the story? >> that's what i was trying to tease out. i was asking steve about demand in different categories. the mix toward the premium tier. and what i heard in that answer that he gave is that in the premium tier, demand is pretty strong people are willing to pay up for more technology. now that holds throughout q-4, that should translate, carl, into good demand for the iphone 12 pro and pro max which would mean that they can sell as many as they can make perhaps that's what tend to get from april until a holiday season and the margins should be pretty good so that's the read through if you're looking to be optimistic on what qualcomm showed in the ecosystem overall. >> it gets backed up over at verizon and jpn. they go to overwait. talking about wireless services. also rolling in some election dynamics, too. lower risk of tax hikes, of course, that

. >>> still ahead, apple's battery gate. they are set to pay a huge settlement over the practice of slowing down old iphones. . moments that define you. and drive you. to achieve even more. so, celebrate every one. because success isn't just about where you want to get to. it's also about how you get there the all new 2021 cadillac escalade. never stop arriving. here's to the duers. ple o realize they can du more with less asthma thanks to dupixent, the add-on treatment for specific types of moderate-to-severe asthma. dupixent isn't for sudden breathing problems. it can improve lung function for better breathing in as little as 2 weeks and help prevent severe asthma attacks. it's not a steroid but can help reduce or eliminate oral steroids. dupixent can cause serious allergic reactions including anaphylaxis. get help right away if you have rash, shortness of breath, chest pain, tingling or numbness in your limbs. tell your doctor if you have a parasitic infection and don't change or stop your asthma treatments, including ste

is developers more incentive to make great apps on the apple platform and apple user and an optional. >>there you go all right and then lastly this was something i mean i guess i thought maybe because i never really did get into bitcoin but thought we were no bitcoin is still i guess roaring along. >>yeah you may remember december 2017 mean market we're doing these spots together loved bitcoin i hated the it's a 450% this year. i don't think there's a lot of value in excess how job. it's not go. it's not physical assault digital right, someone thinks better of it and it's one of the maids over 18,000 the first time since december 2017 it's a 150% this year square people at the deli and made it work jet by putting on their platforms. i think there's only 21 million bitcoins the whole world for ever. and with our government during fiscal stimulus and monetary stimulus if they're printing money so there's something in the world it's finite there's only so much of the versus something printing as a store of value. so i get why it's working but it's also telling us there's probably insulat

money flows out of stay-at-home tech stock exchange like zoom and amazon apple is higher after holding a product announcement this afternoon. some of yesterday's biggest win e airlines, cruise shocks, travel and movie winners are falling back boeing is providing an advance for the dow inlyft customers cancelling orders this year in light of the pandemic. it is up 5% as we speak, 59 minutes left on this session coming up, kyle bass will be with us to talk about the election results and how president-elect biden will navigate america's complicated relationship with china. >>> plus an interview you will not want to miss we will hear from carlos ghosn whose scrape from japan to lebanon drew international attention. we will hear his side of the story,i his thoughts on what will happen to his former colleague and the men who helped him pull off his escape. >>> let's get straight to thesters we are watching mike santoli tracking the market action josh lip ton with the highlights from today's afternoon apple evenly joining us to talk about apple and the broader tech selloff is dan ives mike sa

apple has rely rod intel made chips. now they will use apples m1 chips.d the chip makes the new macs up to 3 times faster. >> the chip is by far the most powerful chip we have created. making the macs faster. enables the mac to run more software. >> the macs went on sale today and ship next week. the most popular sells for $1,300. >> mark is up next in sports. tiger woods gets emotional as he gets set to defend his masters. ♪ ♪ i got it all from you ♪ i'm always pushing through ♪ i know we'll make it to the finish line ♪ ♪ i know you're waiting on the other side ♪ ♪ i'm like you on-demand glucose monitoring. because they're always on. another life-changing technology from abbott. so you don't wait for life. you live it. we have the power to harness abundant wind and solar energy, but it's not available all day long. use less from 4 to 9 pm and we can protect california for generations to come. ♪ ♪ you make my heart sing ♪ ♪ wild thing i... think i... you know what i think? i think you owe us $48.50... wild thing. if you ride, you get it. geico motorcycle.

i'm looking here at the apple. apple has its own twitter feed and disliking here at the at right now, it kind of hinted in your piano, see it with mitch and you're obviously very concerned about privacy for us. did you know a plan sign up? every user is assigned a unique randomized anonymous device id all communications between 2 devices, between device and service done using a device, no pass information g.'s to any communication. so you already for a sensing that people are going to be quite concerned about this. shipping me know absolutely well. well, you know, in normal circumstances you wouldn't want an app that speaking of your every movement and figure out who you met. grant them strangers, you've met where you, what went through walk. and so if that the app is doing that, because we're in a pandemic, we've got to be very sure that whatever data we have to take on the circumstances, we take it in a privacy 1st way. so, you know, we've got this device id, so it's a random number and there's no personal inform

apple's pe on a forward basis is around 25, 26 times earning. reverted to the mean, there's a little downside there. we also think the higher pe multiples probably warranted given the growth in their higher margin services business >> like you said, there are names outside of the tech giants you look at visa, wisdom tree, some names that come up. why those in particular? >> so, the wisdom tree cloud etf gives you nice diversification to the work from home theme to cyber security to remote work and cloud. we like the diversification in more the midcap space for that theme. areas outside of that, visa, electronic payments, they're in a do yuoply with mastercard. the multiyear growth visa is enjoying on globally is unlikely to be changed any time soon. we're spending more of our dollars online and with our credit cards than ever before. believe it or not, we're probably in the fifth or sixth inning globally in that transition away from cash and checks and over to electronic forms of payment those are the kind of companies we want to own for our cli