i think the challenge for apple is tesla pulled an apple in introducing the model s in 2014. that was very much an apple product. unique styling, game changer in terms of being all electric. central software control control panel. that felt like an apple product and the question is what will apple do to then take the industry to kind of the next level and that's why you're hearing a lot about can they make an autonomous car that feels like a living room and doesn't have a steering wheel and a gas pedal in it? i think apple's ability to sort of deliver on that technology will also oep gauge whether it tip toes in or whether it really tries to redefine the industry as it has done with other products >> we look forward to talking more about what that would mean for the overall ev space toni, sounds like we have some time, though we'll kick this around for the next few quarters or years good to see you. thanks so much >> likewise. same to you all. >>> looking intuit popping almost double digits at the moment after positive results. see it up 9.5% the ceo is next. don't go away. "

i am long apple. i guess these days it's a positive, but i wouldn't buy apple for this >> guy, does this make apple more attractive in the long-term. as phil told us, this is level three, not five. and this is the universe, not metaverse. it sounds like a video game. >> i am going to hang out at level one if that's okay apple and an autonomous car, which i would never buy. yesterday they announced you can fix your apple devices at home which clearly is not for me either october 12 for you rounders, at 4:05 apple said they were going to cut production of apple phone 13 because of chip shortages the stock traded higher the next day. today it traded two times normal volume just like you were buying it that day on that tell. i think today is the day you take money off the table and look for a pullback in the high 140s >> that run got us thinking about other stocks check out these names with all-time highs today -- nvidia, and home depot, too. alibaba sank over 11% after its latest report. peloton, robinho

apple, you never want to trade apple. apple is a stock you want to own i have a target price of 190 on apple probably the best stock to own through 2025. nvidia is probably the best stock to own for the rest of your life. the omniverse, i don't know if you read the comments overnight, i mean, this , this is going to be the ultimate deflationary force on the economy once it gets rolling and he's talking within five years getting it out there a little bit. this will replace, now it sounds awful if you're a human being who needs a job, but this is going to replace labor at a lot of levels of the economy, where it's going to cost a subscriptions in nvidia to actually replace repetitive-type jobs where maybe i don't want to say, i guess unskilled labor is what it's going to replace and that's where we're going. liz: i get it and again, this apple news is certainly something that is juicing the market along with nvidia's great numbers, phil flynn. they put the target according to bloomberg's report of 2025 where they come out w

speculation about and talking about the idea of an apple-related vehicle.t pushes this story forward today, again, reported by bloomberg is that apple is accelerating its car and aiming for a fully autonomous vehicle and that's pushg the stock higher by 2% and i am just told that apple is not commenting to our own josh lipton. so we'll continue to follow that josh, do you want to opine on this i know you're a shareholder, too. >> yeah. thai have $200 -- probably closer to their 230 billion in cash who else should be doing a car and what else should apple be doing? they're not interested in acquisitions, right? they've made a very, very small handful of notable acquisitions so they're not going to do that. there's only so much in dividends that they're going to pay out and the buyback is already huge they're spending tons of money in rnd and tons of money in capex with the headquarters and things they're building around the world and they still have too much money piling up so i do think they need to think bigger and i think shareholders have been waiting fo

apple holding up in today's session. is this where you want to park your money we will take to you the charts oil tanking today. we are drilling down on the energy trade welcome to "fast money." we start off with the 30 words that sent stocks spiraling. >> it is approacpriate to consir wrapping up the taper of our asset purchases. perhaps a few months sooner. >> that threat of a faster taper sending the s&p plunging nearly 2% to its lowest close of the month. it's below friday's sell-off low. every sector down today. yields also on the move. the spread between 10 and 2-year rates hitting its lowest level since january. how do you set yourself up as hawkish as we thought -- you guys thought powell's testimony was last night when it was released, he was more hawkish today. what do we do? >> clearly inflation is -- i think he is concerned. you hear comments like that when he had all the air cover in the world not to make comments like that it make u.ss you wonder, what realization is he coming to? the market is proving for

apple, our pro subscribers heard it yesterday you call apple, quote the most overpriced tech stock thatsts tell us why. >> yeah. i mean, in terms of big cap tech, it clearly is in my mind because if you look at it in terms of how much they're growing, relative to the multiple, it just doesn't make any sense right? relative to the other megacaps apple's revenues compounded over the last five years including this calendar year, because we only have about a quarter left, has grown about 11%. microsoft is growing about 15% over this time google is at 23. netflix is at 27 amazon is at 28. and facebook, given all the discussion about the metaverse, they've grown revenues compounded at 34%. you can buy both facebook and google at a lower multiple than apple. and don't forget, apple is a massive pandemic beneficiary and so, for them, their iphone revenues over the last five years, fiscal 15 to fiscal 20 were down 11% over five years before you had this pandemic benefit. ipad, mac sales were also down year over year before the pandemic hit so, you know, for me, it's -- we like facebook a lot. we

iphones and apple watches.ext year, users who are in a car accident could have their iphone dial 911 automatically. the feature called the crash detection will roll out next year across iphone and watch products jon, i don't know about you, but i think anything to keep me safe, especially when i'm in my car, seems like win, but i wonder if there's any privacy problems with this >> this seems like an extension of the hard fall defection feature that apple built into the apple watch series 4, so it's been around for more than two years and there have been stories about hikers whose lives were saved because they have a big fall carl, this similarly probably using accelerometer, and put a call out, which is similar to what onstar has done in cars as well, but now that's getting kind of disaggregated from the vehicle itself and becoming a part of the technology >> yeah. fascinating in which the way nanotechnology has become embedded we've got a big week of earnings roku, uber, peloton, square. pins is on today b of

david nicholas follows apple. do you think this is good long-term for apple stock? >> it is. secretive projects, fully autonomous electric vehicle by 2025 which is pretty ambitious but if they do it is great for the stock, disastrous for other electric automakers because apple has done not by building hype around their products. a huge confess in the consumer market, apple, facebook, microsoft, you can't that against these companies, even when their stock, has the capital to innovate. there is no steering wheel. one thing going 5 miles an hour. when you go 80 miles down the road with no steering wheel i am not sure i feel like that but you try first and give the swing. stuart: is the setting up apple versus tesla competition? >> no question. this is the biggest competition for tesla, and apple. this is the first auto company that could actually become petition to tesla. they build trucks. lucid is for the luxury market. apple may be the first car brand that can compete in all sectors, small and midsize and trucks against the company like this. stuart: ruby and is behaving lik

reports within the past hour that apple is stepping up efforts on its electric autonomous vehicle apple shares are going to a new intraday high of 3% today. tesla taking a leg down by two thirds of 1% let's bring in gene munster. you can look at it from a automotive point of view, a technology point of view we have seen time and time again stories of apple getting into this space only to have their head leaving or what have you. now this time line, to have this out by 2025, what are your thoughts >> let me take it in steps 2025 is aggressive where there is smoke, there is fire there has been fire on this topic the last seven years there have been rumors orbiting around it. i want to put some context into the most recent reporting and the rumors around it and the five-year target of when it's going to be available. there has been this persistent belief from investors when we hear these rumors that it is just hard to believe that apple is actually going to do it that's what goes on in the back of my mind when i think about apple, and a car -- it makes a ton of sense but imagine actually m

tom: we cannot talk about technology without talking about apple and developments around the apple car. how should we be thinking about mark gurman's reporting on this and what it means for apple and the repositioning of that company? justina: that is a really exciting one because i think what we have seen from a lot of different companies is they have hit a lot of roadblocks when it comes to really building an autonomous driving vehicle. but it seems like from my colleague's reporting that apple is really hitting a key milestone in that development. it will be interesting to see how the company kicks it forward. it is not really a car company, so a lot of people are expecting a partnership maybe. that will really set the future for apple beyond its current consumer products. tom: we have to ask about bitcoin as well. 56,000 is what we are looking at. it was not that long ago that it was at 68,000. it is very difficult to make calls on this cryptocurrency, but do we have a sense of what is weighing on the cryptocurrency stage? justina: it goes to a peak, sentiment boils over, and it ge

for an apple car. now i have no idea why they didn't call it and i car, but the tech diet is hoping to have a fully autonomous one by 2025. morgan stanley says this could make an impact on the industry. so can apple really make inroads with this extremely competitive auto industry? can they live up to the hype, so to speak? well, if apple comes on the market, they better come on strong and they have to have the steering wheel. i know they're talking about no steering wheels, no petals. i don't know how many consumers you're gonna want to jump in on that. but i do know that if apple comes out with a car like they do a phone, there are air pods or watches. no matter what's on the marketplace, they do take a huge chunk of the market. that's going to be the case again. but it all depends on design because part of what happens in the car industry, if it looks like an egg or it doesn't look like it blends it with the road or it looks to obtuse for the rest of the cars on the road. apple is not going to be ab

apple is nine, its hasjust done. apple is nine, its reputation _ hasjust done.n is partly - hasjust done. apple is nine, its reputation is partly built l its reputation is partly built on security so how damaging will this be?— will this be? the flow in message _ will this be? the flow in message was _ will this be? the flow in | message was discovered will this be? the flow in i message was discovered a will this be? the flow in - message was discovered a while back. they moved quickly to fix it but what we know is just how much it was exploited to target activists, human rights defenders and journalists. apple and all security companies have to deal with this but importantly governments have to deal with it. it is government doing the spying. it. it is government doing the s- int. ., ., , ., it. it is government doing the s- int. ., .,, ., spying. how does that spying actually work, _ spying. how does that spying actually work, in _ spying. how does that spying actually work, in simple - spying. how does that spying i actually work, in simple terms? a pegasus

now i think the two turning points were one, apple going public in the apple ipo, and everyone talkedbout that. he made a bunch of people that otherwise would never been that successful really wealthy. apple of the time, you gave the founders stock like it was jellybeans and no restrictions on the kind of stuff now but back then, a lot of people made billionaires overnight like secretary senate the guy who walked water the office class and that sort of thing and then suddenly, all my goodness the technology is hot and with a lot of money and we can all get in on it and i think to the point that i people in the newsroom the mercury news, coming up to me in the hallways and saying, hey can you give me some stuff in apple and i said will i believe that is against the law. in the second event i think occurred you know right about the time i was writing this book and that was the japanese and they came rolling in with chips that were better than ours read and i was at that event with the guy from hp showed equality charts of silicon valley chips versus japanese chips and it was an eye-open

the turning point was one, apple going public, the apple ipo. and everyone talked about that.t made a bunch of people that otherwise would never have been that successful, really wealthy. apple -- at the time to give up founder stock market was jellybeans. there's restrictions on that kind of stuff now. but back then people were made in millionaires overnight like secretaries and the guy who wanted the office plants. it's like oh my goodness the technology is hot it's going to be worth a lot of money and we can all get in on it. hey can you get me some founder stock and apple? the second event i think occurred right about the time i was writing this book. and that was the japanese. the japanese came rolling in from chips that were better than ours. i was at that event with the guy from hp showed quality charts of silicon valley chips versus japanese chips. and it was an eye-opener. the japanese stuff was so much better, cheaper, more reliable and everything else. the value was knocked on its rear end. that is when bob went back to d.c. and started doing congressional testimony

we've got our apple fitness. plus team here. we've got her apple tv. got apple radio studio here. got our fantastic retail team. so it's great to be a part of this vibrant creative community. i'll have more of my interview with apple ceo tim cook in tomorrow's tech smart. >> if you want more information on that free thanksgiving dinner. go to my website. it is rich on tech dot tv. i'm rich demuro and you are tech smart i like app that will provide me free overwhelmed with apps. there's an app that helped to. >> but that you apple store down there yeah, it looks huge everything inside and get everything you need for the holiday for that. that love you the lineup and then buy anything you can there to. all right. let's get outside. if people are going to be shopping this weekend, john, as many will be luckily, you don't have to bring the umbrella. you don't have to do would be nice. yeah. going to be beautiful out there may be too nice. we are going to be looking at too easy of shopping weather and travel weather. >> and that means that the drought only continues it deepens. in fact

its investors and shareholder and less than half of the population who uses the apple ios.doesn't say anything about google or anything or the android or anything like that so i just think it's an interesting approach to this and if you look at other countries, other countries have pursued national digital ids, identification cards but from a platform so it's not necessarily a $250 trillion, you know, $2.5 trillion tech company that is taking advantage of this >> but have they been good have they functioned well i guess is the question? hugh, it's deidre, by the way. in the early days of the pandemic we had this novel partnership between apple and googal and they were going to partner to do covid tracking and this was seen as the best technical solution but so many questions around privacy and how they were going to do it and perhaps hold up with government entities do you think this could go the way of that and just not really get off the ground because of all these concerns >> well, i think if you read the contract, it's really clear and apple is super descriptive in what

apple is on a tear soaring 6% in the last week. is there trouble lurking in the charts where the trade is headed next the smash and grab crime spree scenes like this play out across parts of the country we'll break down what's at risk and what this could mean for the consumer >>> a tech takedown, the nasdaq finishing in the red down 3% of an all-time high just yesterday morning. zoom down 15%. doordash, crowd strike also dropping sharply today the so-called smart money adding fuel to the fire a new report showing that hedge funds are more tilted to value stocks than they have been since 2015 and it's not just the big guys getting hit the arc innovation etf is down more than 3% down more than 10% the last month. wall street's love affair, is it finally coming to an end guy, what do you say >> i think it's coming to annen, mel, but this is sort of the inevitable outcome of what's been going on. i think it's pretty healthy as well we're seeing this rotation the s&p 500 is unchanged, slightly higher on the day that is pretty encouragin

so apple ii was pretty well known for apple three was a disaster.ey were supposed to change the world, it was not a big deal it turned out so the world would change a week after i finished the book which i think is the fate of most historians, especially hit contemporary historians, he finish something, wrap it up and it's all obsolete the next week. >> even with apple revolutionizing the computer game, they still struggled with a small market share for decades, if you have a machine does.t everybody what was the turn? i remember the late 90s, stock markets brought everybody to silicon valley but was there a turn beforee then were removed the tech industry from the shadows into the light? was a just. >> or a gradual move? >> i don't think it was. >> because. >> didn't get a real strong, they made movies. it was it big deal but not that big of aer deal. there were questions, a mouse and tiny screen ducted and have enough memory and what are you going to use it for? it didn't get fixed until adobe came along. i think the two terms were were apple goin

spyware to attack apple users.d emails. adam shapiro is the head of communications at front line defenders, an organisation which has uncovered previous pegasus attacks. he says while the rise in the use of spyware is concerning, companies are starting to fight back. it is extremely worrying that more and more cases of pegasus spyware being used against human rights defenders, journalists, and other civil society people. it�*s of course very worrying. what�*s heartening is that we are starting to see the tech companies take action, as apple has now done with this law suit, and as whatsapp has previously done as well. apple is famed, is known, its reputation is partly built on security, so how damaging will this be? the flaw in imessage, which is an apple software, was discovered a while back. they did move quickly to fix it but what now we know, increasingly we know, isjust how much it was exploited to target activists and human rights defenders and journalists. apple has to deal with this, all the security compani

>> that's what apple does. they only enter a new product category when they're able to come out with a leapfrog product. you saw that with the iphone, the ipad, apple watch. they want to release something that no one else has been successfully able to nail. they want to create a car that is a hands-free experience. they are redesigning the interior and exterior around the idea of having no wheels or petals. caroline: as soon as year, that's fast. is there regulation? >> not next year, 2025 is when they want to debut the car. perhaps it will hit the streets a few years after that. their current target is funny 25 for an actual announcement. caroline: tell us about the driving forces from the executive perspective. >> the new person in charge, his name is kevin lynch. he was one of the major pioneers behind the apple watch. he has the experience launching from the beginning to the release the last new product category for apple. he is a software expert, a management expert. he is not a car expert or an autonomy e

and as the web goes crazy envisioning apple car concepts after reports that apple's ramping up development, what do the ceos of other ev companies think right now? how about co-ceos of the solar-powered company that just went public? sono motors made its debut on the nasdaq two days ago. how theirs can stand out in a crowded ev field with apple threatening to jump into the race. we will ask them. >>> but first, a fox business alert. we are closely watching a bunch of things. shares of moderna and partner biontech the, moderna jumping nearly 6%, biontech up 5.33. pfizer is down about a third of a percent right now. any moment now the cdc is expected to give the green light for all adults to be eligible for the covid-19 booster shot. this morning, of course, the fda approved boosters for all adults, and we are watching that closely. across the pond european stocks wrapped up their session in the red because us ally ya heads into this -- austria heads into this last open weekend before reimposing a full lockdown starting monday. the country is seeing an alarming rides in cases with only 60% o

is it win/win when it comes to owning apple >> three things going on today driving apple's outperformances 90 billion free cash flow and more cash than data on their balance sheets as other companies get cheaper, apple can buy cheaper. they gain competitive advantage. secondly, the biggest criticism of apple for the last five years is no new products when you look at the product pipeline, lots of excitement there, especially in the press today about how they will introduce augmented reality glasses at the next wwwdc in june, autos, you know, electric autos, self-driving cars lots of new product innovation coming back to apple now that they brought silicon in-house, chip design in-house third, lots of good numbers out of retail about how the products are selling, tablets, especially the high-end iphones, all of which says they will have high margins and revenue for fourth quarter of this year >> amazon and google are not doing as well as apple i wonder in a rising investment environment if you think they don't do well on a relative basis. is that the truth, is the market telling us the rea

for apple for 20 years. we've got our apple fitness. plus team here. we've got her apple tv was got apple radio studio here. we've got our fantastic retail team. so it's great to be a part of this vibrant creative community. i'll have more of my interview with apple ceo tim cook in tomorrow's tech smart. >> if you want more information on that free thanksgiving dinner. go to my website. it is rich on tech dot tv. i'm rich demuro and you are tech smart. all right. thank you, rich. ok, so your tech smart now let's get you whether smart we're getting into the rest of this wednesday a place it does little chilly. what is it was looking outside jones, palm fronds blown around bit. so, you know, it's going to feel a little asked for a little extra brisk. >> we've actually got really wide range of temperatures this morning. a couple of spots like santa rosa and petaluma are still hanging on to the upper 30's concord. you just work your way back into the low 40's. while some areas like alameda san francisco and bret

tesla is top of the list and affirm and a lot of the other ev names apple, as well essentially a lot of those stocks that basically have a lot of carry on social media are running, as are small cap stocks this is important to note. this is the time of year where there is a grab for the riskier parts of the market and is intended to work well unless you have a disturbance on the macro side i look at other broader sentiment measures and they're kind of getting there in terms of people being all in and not quite fully exposed. not yet really chasing in a huge sprint just yet. but i think it's obviously worth keeping an eye on. by the way, the russell 2000 a very oddenty and biotech a huge piece of it and that has started to rekindle a little bit and amc, avis and crocs the top three holdings in the russell 2000, guys >> not sure that is what we expected great point, mike santolli >>> raising rates could throw that out of whack. joining us today nyu business professor, the dean of of valuations professor, welcome back. good to see you again. >> glad to be back >> i'd love to get your tak

this reminds me of apple tv.lking about the television, we all thought about a television. no it's content it's a little box that allows you to stream. is it possible that they have other ideas for how to put their products in cars that will revolutionize cars as they become more electric. neil: you don't think it's manufacturing cars? >> apple doesn't buy other people stuff. they figure out who's making it the right way and then they reengineer it. >> apple doesn't make big acquisitions. the largest one was pete's headset for $300. that was to get apple music up and running. you read the notes from morgan stanley, katie huberty fantastic apple analyst, she said they have a great record but the good of innovating ideas on the market. you heard adam jonas, the auto analyst at morgan stanley saying when they get into the electric car game, it's the ultimate market news that you can have. neil: it is interesting. as if they need to be deemed to get street credit. what does this do to the whole segment. >> i think ev

sounds like you're bullish on amazon but bearish on apple.ell us a little bit about that. >> i'll start with amazon, which is a company that didn't beat earnings last week, but with amazon, it will be short-term pain for long-term gain. they're making huge investments. they added 250 million square feet to their fulfillment and logistics business that's 175 times the size of the pentagon built this will be great for amazon going forward. looking at some of their other businesses, their core retail business actually grew 8%. aws did well amazon, we think, is actually well positioned for 2022 and they have pricing power with their prime membership and raising prices for whole foods customers. but apple we think is the opposite this is a stock that has lagged and likely continue to lag consumers are shifting from buying goods to buying services. you look at the iphone, it's about half their business. it's grown 47% year over year. this isn't sustainable in the past, this was a low single digit growing business. the story is the same for ipads an

finally, you mentioned apple what are your expectations for an apple car, steve?e about internal combustion engines and brakes and tires and all that stuff we love. going forward, cars will be computers on wheels. as you mentioned earlier, they'll increasingly be sold in fleets, not so much individuals. so, apple is a natural they understand beautiful products and seamless integration with phones and the other parts of your life so, apple has been in production work for close to a decade i believe within two to three years, they'll put a car on the market it goes to show, a lot of new intrnts, the old brands are going to have to up their game to compete with the likes of tesla and apple. these are two of the world's now six largest companies. the ability to invest in r&d and win the race for autonomous and i'm hoping for america to come out on top i think we're going to have strong intrnts >> appreciate it thank you. >> you bet thanks for having me >>> turning back to pfizer, getting a boost after beating on earnings cdc meeting to discuss the company's covid vacc

your money in those stocks even as they've had their own runs for example, today, you're buying new apple calls as that stock is basically at a 52-week high >> yeah. >> and i like what i'm seeing there, too because it looks like a name that breaks out to the upside especially if you like to look at the backdrop which is what josh was talking about, these p-e-type names that are under pressure or maybe they don't have a p-e, but they're under pressure peloton, a lot of those basically lean on the idea that many of these names that we're talking about here are literally those stay at home stocks. well, as we've opened up and obviously over the last few months things have gotten a little bit better, a little bit better and i know we've had bumps in the road a lot of those names aren't living up to what they had gotten themselves to when you look at something like a peloton that was pushing up to 200 and now it's bashed every single day i literally look at that stock and i see it down 4% or 5% almost on a daily basis, it seems like i think that's true of a lot of names that were way too far i

why is apple doing this now and how does it work?really had no choice. 20 states, i believe 23 to 25 states have been discussing right to repair laws, making it so consumer electronic companies and other companies have to allow consumers and users of their devices to be able to do self repair. up to this point, you had to go to an authorized repair center like best buy or an apple retail store. or another location to get official servicing, official apple parts. with this program next year, they will start selling tools and parts and manuals to allow consumers to do it themselves. emily: will it really be that easy, can i trust myself to do this? mark: i don't want to speak for you, but personally, i probably still would go to the apple store or an authorized retailer. it is not something i want to deal with. could be a lot cheaper to go to an apple store or authorized retailer to have your device fixed. but there were so many laws -- the biden administration has even been talking about this. apple has been under scrutiny to -- for n

built with apples own processors.020 we may see ceo introducing them as a big apple event. >> someone in concord very thankful. he or she picked up the winning numbers in the thanksgiving day fantasy five state lottery. cash prize, $175,000. would have been twice as much money. but second winning ticket was sold. >> up next. a surprise from the rock himself. what he gave a family in need to kick off the holiday season. the xfinity black friday sales event is happening now on xfinity mobile. now new and existing customers can get our best wireless deal of the year - up to $1,000 in savings - for a limited time only. on the most reliable network nationwide, plus nationwide 5g. act now and save up to $1,000 with xfinity mobile. so you can go all out on gifts for the family - during our best wireless deal of the year... the xfinity black friday sales event. click, call or visit a store today. ♪ i see trees of green ♪ ♪ red roses too ♪ ♪ i see them bloom for me and you ♪ (music) ♪ so i think to myself ♪ ♪ oh what a wonderf

there were a very high number of connections to apple servers. now usually your phone will just communicate one apple server for icloud, for your backups, for your contact syncing the information. but in this case, in less than an hour, we saw your phone and communicate with 18 different apple servers. and this was very unusual. you don't usually see those on phones. so that was the 1st clue that something suspicious was going on. and immediately after this communication stopped, we saw your phone reach out to this website regular hours dot net. in other words, your phone connected to this website. and this website stands out, because we know from our research, a citizen lab that regular ours dot net, this website is linked to an a. so group pegasus spyware. so we saw your phone reaching out to this. and if so, packets of spyware server, which let us to suspect, and then later conclude that your phone was infected. so what we can see from the recording of your internet traffic. so let's go to this point in time here, 1129, where the phone communi

apple here is saying their press release about this is full of caveats saying apple makes the most securehones on the market, but they also are acknowledging that this pegasus spy wear does work you can get into an iphone using this technology without the user clicking on a malicious link some of the software they sell allows them to get access if they know your phone number. apple says here that they are seeking a permanent injunction to ban nso group from using any apple software services or devices. so this is going to be an interesting business-on-business fight and an interesting diplomatic fight between the united states and the israeli governments over the appropriate role of nso group and the spy ware makers in general >> absolutely. >> who has the right to sell these exploits and who has the right to take advantage of vulnerabilities in other company's software >> apple share is down a little less than 1% thank you for bringing that to us >>> let's turn back to energy. what are the implications of this spr release for the energy market and will it help prices come down or sort of

alix: apple is apparently working on its apple car, looking at a fully up thomas vehicle in just a few- fully autonomous vehicle in just a few years. dan: i think it is a matter of when, not if. we say anywhere from 25, but -- from 2025, but the report yesterday confirms what we seek is going to happen. we don't think apple is necessarily a killer for any of the other names like gm, ford, but it speaks to this massive market opportunity. we also thing there's an 85% chance that apple could partner with the likes of vw, lucid, ford, or gm, rather than do it themselves. alix: dan, thank a lot. thank you for jumping on with us. katie koch of goleman stocks still with me. -- of goldman sachs still with me. do you play tesla? katie: right now, 5% of auto sales are in ev, but it is really important for people to focus on this. we are at an inflection point of x been into growth, and a lot of the things happening in the market right now is the market trying to price that which is actually really difficult to do, but it is really any cripple inflection point, and the bill is going to help this

. >>> speaking of paypal and crypto, apple's tim cook sat down and andrew asked him if he is lookingaccepting bitcoin on apple pay here is what he said >> it's something that we're looking at it's not something we have immediate plans to do. i would sort of characterize it as there are things that i wouldn't do like our cash balance. i wouldn't go invest that in crypto not because i wouldn't invest my own money in crypto, but because i don't think people buy in apple stock to get exposure to crypto and so if they want to do that, they can, you know, invest directly in crypto through other means. so i wouldn't do that. and i'm not planning to in the immediate future to take crypto for our products, as a mean of tender but there are other things that we're definitely looking at. >> like what >> like i wouldn't have anything to announce today. >> let me ask you a different question because you just said that you might not do it personally, do you own crypto in any bitcoin, would you play around with this >> i do, yeah. i think it's reasonable to own it as a part of a diversified portfol

apple holding up in today's session. you the charts oil tanking today. we are drilling down on the energy trade welcome to "fast money." we start off with the 30 words that sent stocks spiraling. >> i

apple's online store and retail stores are dried up of new iphones, ipads, macbook roads, apple watchesr devices. apple's online retail store is quoting shipping time frames well into december for the popular devices. unfortunately, the problem will continue. cook said apple's product quarter will be a high time -- all-time record. we will see a negative revenue hit in q1 from the chip shortage. i mark gurman. -- i'm mark gurman. emily: don't forget to sign up for mark's power on newsletter. taking place in glasgow, a lot of expectations about what finance can do to support the green transition. my colleague spoke with bank of america's ceo, brian moynihan. >> this is the transition we have to make as a consumer, company, everything you do, everything goes around. there is a lot of pressure on banks because our clients and investors are demanding this. the politicians of the worlds are demanding this. if you think about it in the context of the sdg's, in 2015, all the countries we want this to happen, and now we have to implement it. >> when you look at what wall street's en banc in gen