apple knows this. that's why when iphone users in china began using permanent air drop to complain about the communist party, apple shut it down. in other words, again, this is not an overstate, apple is now an active collaborator with china's murderous police state. when tanks roll in to a chinese city, apple is rooting for the tanks. well, for a company based outside san jose, this seems like a big step, becoming a partner with a chinese police state? yes. and yet once again, this fact received virtually no coverage in the united states. apple's decision to side with the oppressors over the oppressed, apple's decision to actively help american's enemies, to hurt marry people wasn't news in the view of "the new york times." not that you should be surprised by it. apple has been sucking up to the communist party of china for many years. watch this clip from 2017 of the company's ceo tim cook. >> china has done an unbelievable job of lifting people out of poverty. they've done incredible job far beyond

thro apple? there are signs that it might.eh the executive who runs apple'set app store, a man called phil schiller, just deleted his twitter account. well, that's weird. count.apple has virtually stoppd buying ads on twitter. >> that's weirdsd to .o. >> so would apple do this? well, several tech developers ar te coming forward to confirm that this is exactly how apple operates and it has for years.ha so when apple,s through the social media company parlor off the app store, rememberus that because they allowed donald trump to speak, you thought itdonald t was an anoma. it wasn't. >> thi s is what they do. that. >> and few people really understood that. in fact, for years, moste most n the most cynical observers assumed the big tech companies like apple censorsh like app. yes, they do, but only inces. extraordinary circumstances.. they do it all the t oh, noim, they do it all the time. >> in fact, appl ae engages in large scale, secretive censorship and always and everywhere apple helps the chine

ed: apple publicly has not said anything.he facility is operated by a contract manufacturer that assembles the iphones. when there were the worker strikes or clashes with guards in the early hours of wednesday morning last week, the company cannot pretty quickly and said the situation was under control and that the plant was operating normally. we reported the 6 million deficit in production, which is quite serious and a holiday quarter. the bloomberg source told us that apple and the contractor are sure of making up that shortfall, although you missed the key holiday period. we don't really have a good sense of what the duration of these impacts are. i think the source is telling us in this story that actually it is the quarantine, the covid rules that are most disruptive to production here, not the dissatisfaction or strikes from workers around pay and conditions. there's no way of really telling how long that will go on for, because the chinese government is doing a bouncy act of trying to protect the economy, while also r

ed: we asked apple if elon musk was telling the truth whether he was in apple hq or not.rstanding is apple did not respond to that request. maybe you can clarify. the other story is china. give us the latest around iphone 14 pro production there. mark: regarding musk and his visit to apple today, i have no reason to believe that visit did not happen. it looks like tim was there, from what i have heard, musk was there today. musk likes to prank a lot on twitter and tweet things the public would not necessarily believe or not entirely accurate, but i don't think this one was inaccurate to say the least. in terms of the iphone 14, we are hearing there's going to be a unit decline from the original 90 million to north of 80 million. that is a combination of the riots and covid impact on the i-440 team -- iphone 14 pro factory, but people not buying the regular iphone 14 models in quantities that apple initially anticipated. i think things are turning to turn around. i ordered an iphone 14 pro from verizon earlier this week and that is scheduled to arrive in mid-december. i th

of any purchase made through the app store on apple devices.nd this is not the only argument in the dispute between the two giants of the american it sphere, which can develop into a full-scale war, the positions of the parties studied khramtsova or for that. good evening. so what but this new conflict forced the mask to get involved. alexey hello. a very good question, because direct benefit is not visible here. well, you are the owner of twitter, in recent months it has been producing so many informational occasions that yahoo financial news even has a specially beaten off minute mask next issue in the clash about the clash with apple is not yet a direct battle, but the shooting is active melan. musk urged apple to disclose information about all episodes when the company imposed censorship and this affected users. and the businessman also promised to publish the collected tweets of material on how freedom of speech is being suppressed, internet users prepared popcorn at the same time released a screensaver for this series. apple, after the ma

these guys work for apple at the end of the day and apple share prices sliding and there are heaps of deliveries the one to arrive in time for christmas. exactly. apples now saying that they're going to be at least 30 percent in deliveries of i phones. and so it's a very precarious situation for them. but the situation that's not a surprise to them. they have been increasingly dependent upon factories in china where conditions are very problematic and where the entire situation is. it's very much us or dependent upon the, the good will she and the government. so china add apples and try to find in that situation they've been discussing moving some of their manufacturing outside of china, but that's very precarious. we've. in fact, i filed a shareholder resolution as shareholders and apple. i'm asking them to produce a transition plan. i'm not specifically about facts can in fact focused on the plate of the forced labor by leaders who are the victims of genocide in china to transition operations that are threatening workers right out of china. thank you . very interesting stuff from ch

let's stick with apple. the company and its ceo are being called on by elon musk, who claims apple has cut back its advertising on twitter and even threatening to withhold the social network from its app store. musk tweeting quote, do they hate free speech in america? then posting again, this time including the twitter account of apple chief executive officer tim cook. no response from tim cook on twitter. we will have more on that story later in the hour. coming up, activision blizzard is gaining some fans. why some analysts are raising their recommendation despite concerns over microsoft's deal for a takeover. this is bloomberg. ♪ caroline: activision blizzard has gained fans on most rate as a flurry of analyst raise the recommendations on the stock, even as microsoft's planned acquisition looks more and more dicey. just talk to us about what you're reporting is showing. first and foremost, what are the odds this deal actually goes through? >> sure, yeah. i am hearing from traders as they see the deal is p

still bullish on apple demand?et's bring in webb bush's dan oz dana, good morning we have to start with this video that appears to be out o a fox con facility in china. i don't know we've ever seen something like this but it appears to be worker protesting, getting beaten b foxconn employees, i imagine security in the sort of iphone city this is a facility that appl is in effect funding, have w seen anything like this? what do we expect apple to d in response? what kind of response becaus that in and of itself pose >> look, i find it fascinating the thing is, this is just a albatross, call it a black eye that continues to cascade. first on the shortages, no anything we can see potentiall 25, 30% ensured going to black friday as well as holidays, in terms of iphones, for tina that's a significant shortage. and then you look at, this is problem for apple. they are lenient with what the can do this is the heart of apple production, and i trust ti cook and the others, cupertino what doing this with a close eye. >> dan,

apple is usually one of those names that holds a better. so aren't we already pricing in some of this volatility in shipments? >> yeah, and we saw that move yesterday. what's it down now about 1.5%. when we get these results it won't be as much of a surprise potentially. >> apple looked poised to revisit the key $135 support level. where's the end of the year rally you keep hearing predictions about oh, it's going to arrive, seasonality don't worry about it, santa clause is going to show up if apple does test some technical levels to 135, if it even reaches that level where's that going i'm talking about the last five weeks of the year. >> i still think we can trend higher but i don't see new highs by any means >> i wasn't talking about going to 4800 in the next couple of weeks. >> and i'm saying trading range we could rally between now and the end of the year but it's probably capped about 4200 on the up side and on the down side about 3900 and that's because of this inflation problem and fed problem. and that's not going away anytime soon

apple final you watch the nfl. i'm thinking about switching to t-mobile and then going back to verizon to get my kid a 14 pro the demand is incredible but it doesn't matter. look at this wolf said 50 day got to sell it tim cook call tim just say, listen, you're below the 50 i'm sorry. i'm changing my view >> we are definitely going to get to the suggestions from elon musk about conflict there later on >> that guy is just fun. we have to have an elon musk show >> do we >> yeah. put it on youtube or something just endless things and getting reaction >> you can anchor that one >> are you kidding me? he would say that's completely untrue and you don't even exist and i've had it with you >> this is false >> good headlines. >> let's bring in eunice live from beijing overnight good morning, eunice >> reporter: good morning, carl. hey, jim the numbers that you guys were talking about, reported daily cases has dropped slightly so that was heartening investors today. even though it says it's going to continue to stick by the

i think apple will have a rocky road going forward. apple uniquely can handle the situation.ays great to get your views on what's happening here. really useful insight into what's going on. david, have a very happy holiday. this is bloomberg. ♪ >> it's time for the bloomberg business flash. mortgage rates in the u.s. dropped again for the second week in a row according to the mortgage bankers association. the rate on a 30 year fixed loan fell 23 basis points to 6.67 percent last week the lowest in two months that could give a bit of a boost to the struggling housing market. falling demand for personal computers will mean layoffs at hp. it will eliminate as many as 6000 jobs over the next three years. hp makes most of its money selling computers according to injury -- industry analyst we will see shipments plunge almost 20% in the third quarter. shares are higher in the u.s. premarket as its owners consider selling the english football team. the family is working on a partial sale of the club or investments including the stadium and infrastructure redevelopment. this comes aft

the apples applies facilities in china. some clashing obo, working conditions, and a closed loop production system set up last month after outbreaks have covered 90. the black friday deals are here, but what about the usual hordes of desperate shoppers trying to break down the doors? willoughby a much more sober event this year. and after pleading with companies and consumers to conserve power amid europe's energy crunch, germany turns to artificial intelligence. to help out this winter, i been for solid. let's do business. protests. santini, toria, fox, con i phone factory in hen and province are escalating for weeks. workers have been leaving the plant only to be met with violence by police in hazmat suits. at the center of the demonstrations, china's 0 cove. it measures and the pull working and living conditions under the factory wide locked down the world's largest i from factory inject. joe, china, hundreds of angry employers march out of fox coast flagship i phone plan. workers smashed surveillance cameras pushed forw

nasdaq rallied and apple was defensive. back to the dynamic structure market, apple should not be 7% of the s&p you all heard these numbers. at one point, peak market cap, i think the entire energy sector in public marks was valued about three-quarter of the market cap of apple doesn't make sense some of this has nothing to do with apple yes, and i think we overshot on the way up, and this is why apple's feeling some of the pain now. >> let's drive deeper into the two of had year yields chart master says we may have hit our peak let's bring in carter worth of worth charting what are you looking at? >> yields. i've just got one chart. there's a lot of synchronized things going on, as we know, and it's dollar, it's yen, and it's yields and here you see on the screen a chart, a two-year chart, yields having advanced from 70 base points to a bid over four. but those lines, they're not fixed or manipulated those are two parallel lines drawn mathematically by a computer, and yields in every instance when we've got to the top of b

any purchase made through the app store on apple devices. this is not the only argument in the dispute between the two giants of the american it-sphere, which can develop into a full-scale war of the positions of the parties, studied elizaveta khramtsova well, you are the owner of twitter in recent months. production of information that yahoo financial news even got a special beat-off minute-mask, and a succession of releases the clash with apple is not yet direct, but the shooting is active elon musk urged apple to disclose information about all episodes when the company introduced censorship and this influenced users. and the businessman also promised to publish material collected by twitter about how freedom of speech is being suppressed, internet users prepared popcorn at the same time released the screensaver for this apple series after the mask came to power. on twitter, it has ceased to be advertised in the service. but in 10 months of this year, the company spent nearly $40 million on social media promotion . there are warm yet anoth

elon musk is criticisinu twitter and apple. elon musk is criticising apple _ twitter and apple.r _ twitter and apple. elon musk is criticising apple for body - criticising apple for body charges through its app stop. if tweeter were to try that on, others have tried and failed? they have and it is a difficult stranglehold for videogames companies have tried to try intervened there, and several others, but the court here is whether it is about free speech or not, it is about dollars and cents, nickels and dimes. mr musk it is now loaded with debt partly as a transaction. he was not making money before and he will make bigger losses. he has cut costs, very unfortunate for the staff involved. losing customers is not going to be good and yet he will be looking to try and get a bigger cut of some of the action going through the platform at the moment. through the platform at the moment-— through the platform at the moment. �* ., ., ~ ., moment. always good to talk to ou. we moment. always good to talk to yom we will _ moment. always good to talk to you. we will see _ moment. always g

i think twitter needs apple a lot more than apple needs twitter here.he distribution at his fingertips. caroline: i was pretty surprised that apple was one of the biggest advertisers with twitter. kurt, meanwhile, the cryptic war, almost, he has declared on apple, continues. talk to us about what he means by free-speech suppression. he said in a tweet that twitter files on free-speech suppression will soon be published. what does he mean? what is he going to declare? kurt: we don't know, but he is certainly piquing our interest. he is saying, look, now that i am inside the building and i have had time to figure out what has been going on behind the scenes, i am going to unveil what twitter has been hiding from you this whole time. there were a reading that means that he will come out and say here are the types of tweets that had been downgraded in the algorithm, or here are the types of accounts that had been removed and you did not know about. this is speculation, because he is intentionally building this drama. but again, what he has tried to say all

it's likely apple gave twitter feedback in one of the reviews but the app in the store and apple's approved updates since musk took over another way to look at it. twitter rival parlor was removed around january 2021 not because of the bad content, plenty of the same content was on twitter that same day. it's because parlor, by design, said it didn't have moderation and it was kicked off and allowed to return after adding moderation tools into the app. twitter was allowed to stay because it was moderating the tweets and was required by -- which was required by the app store rules for all social apps. how this all started, musk complaining yesterday that apple cut its ad spend on twitter and that devolved into complaints about the 30% app store fees and claim that apple made a threat to kick twitter off the app store. musk would have to purposely violate the app store rules for apple to take action against them it's like what epic games did a couple years ago with fortnite musk could do that, taking away moderation tools like the ability for users to block trolls would be a violation of appl

why would apple put this in place right now?ey only did it, they only made the update for iphones purchased in mainland china and they just did it in the last -- in the last few days and weeks as this -- as these protests were building. so it smells awful. we don't know for sure but we do know that they did it when it came to hong kong and we have seen freedom completely snuffed out there and we know that they took the taiwan flag out of emoji selection. so we continue to see apple and tim cook vow down to a brutal regime because they very stupidly and naively in my view put all of their supply chain into mainland china and it's going to take them a long time to get it out. i've given up for national security reasons or corporate patriotism and hopefully out of self-preservation they start getting supply chains out of there and stop this pathetic disgusting vowing down to a dictatorship. maria: it's unbelievable. why is big tech so afraid of freedom and liberty honestly? censoring the hunter biden story before the 2020 election,

apple in the news. apple is basically seeing production get hit. we are reporting here at bloomberg that there is a demand story going on here. apple says demand is still robust. we will break that down for you in a moment. from new york, this is bloomberg. ♪ >> with the first word, i am lisa mateo. the u.s. and russia reportedly have held private talks on ways to avoid escalating the war in ukraine. according to the wall street journal, a place -- peace settlement was not a goal in the negotiations. the biden administration was said to have warned the kremlin against nuclear weapons. chinese experts -- exports failed for the first time in over two years unexpectedly. brazilian exports have been a major supporter of china's recovery in the past two years. twitter is asking dozens of its employees it laid off last week to come back. elon musk cut close to 3700 employees last week to slash costs. some were let go by mistake and others were let go before they realized they needed to build new features that elon musk wants. apple expects to make 3 mill

on, elon musk sends out a tweet thanking tim cook, the apple ceo for showing him around apple's beautiful posts a video. we don't know, was that today, just now, months ago? that's what he just posted. that saga continues. >> martha: final thought, joe. >> if government gets involved in what is misinformation around what isn't, it's go to become weaponized without fail. we've seen this movie before. it doesn't end well in a democracy, martha. >> martha: another observation, elon musk is great -- he doesn't mind failure and running up against road blocks with electric vehicles, with the space program. he has poured a lot of money in all of these things and they failed until they succeed. we'll see if he's the same approach with twitter. he has a lot of road bumps as you point out. thanks. great to see you both. what will sam bankman-fried say when he speaks from the bahamas moments from now about causing the biggest crypto collapse in u.s. history? gerri willis and jackie deangelis when the story continues. >> i don't know what the future holds for me. it's pretty unclear. it certainly isn

for more "options action" tune in to the full show tomorrow at 5:30 >>> green apple, red apple, a not so sweet move for the stock. he'll explain that next. >>> and do not miss generation gamble where we take an in-depth look into the world of online betting and gaming that is tonight 7:00 p.m. eastern time right here on cnbc. "fast money" is back right after this good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization t

it's not just apple but apple as a percentage of manufacturing does more in china than any other company i'm aware of and does its core components but its subassembly. if you look at a lot of the pc-makers they're spreading final assembly out to countries like mexico, and this is where you get into geopolitics which i know is a little scary for me to get into because i'm an industry analyst but i think we are seeing -- we have to game play out when does china make its play on taiwan is it better off doing it in the next two years, next five years or the next ten years? because essentially what happens is, if china makes a play on taiwan, apple loses even access to its highest performance chips, which ironically makes a bull case for companies like intel here in the united states and micron as semiconductor makers here who manufacture in the united states along with local foundries. >> and that gets into a broader chip conversation that we're going to continue to have here on "techcheck. pat morehead great to see you again. >> you too, jon. thank you. >> come back soon. >>> meantime, take

so apple, sally does share parts of this problem. but ultimately people are going to china because of long walk conditions. remember, this is a place which is notorious for, for workers rights are ultimately no effect of unions and china to even mediate between workers and management. and so i think apple does have a role to play here and i noticed that be considered to sleep quiet to buy this issue of late. now you say that, but there's been so much coverage about this. and just wondering whether this will have a long term impact, perhaps big firms like apple might switch suppliers to avoid being associated with accusations of abuse of working conditions. what do you think? i don't think though they switch suppliers. i think it's more days to switch menu. you've already seen apple trying to move and use suppliers and other countries in india, chinese factories themselves are actually moving to other countries like india, vietnam, to basically take to, to take advantage of lower wage costs in china. but this is all just part of a mat

elon musk claims apple is threatening to pull twitter off the app store if it doesn't follow apple content moderation demand. florida governor ron desantis says if this happens congress must step in. >> they are trying to get elon musk twitter off the app store, which would be a huge blow for free speech thchl is ib mathe most powerful company in the entire world, they exercise more authority in some respects than some governments do. >> brooke: musk and 80% of those responding to his poll calling for apple to publish and hoping apple follows in his footsteps after he vowed to release suppression of the hunter biden laptop story in 2020. >> carley: thank you, mark m mecher will join us later this hour, apple removed parlor, could they remove twitter? how is your budget looking ahead of the holiday? the president thinks you should be optimistic about the economy. >> president biden: been hard few years for hard-working americans and things are still tough. there are bright spots where america is reasserting itself. >> todd: brian brenberg will tell us where the economy really stands, he's n

i think in terms of trading apple you are going to get a better shot.ht now eight or nine terms to the s&p valuations i think it's expensive. >> gene munster is on the fast line tonight always good to speak with you. >> hi, melissa. >> as i understand it, zhengzhou produces 80% of the iphone 14 and 85% of the pro i am wondering if you this will impact holiday sales or has all that stuff been made >> it hasn't been made right now if you order an iphone it will push just after the holiday. what we've seen less about today and the friction today, the protests today, more about what's happened the past month lead times have gone from three to four weeks to five to six weeks. and those are in part because of some of the shutdowns. when you boil it down, it's probably going to be just about a percent and a half, maybe 2% negative impact on apple's december quarter of course, to tim's point, and i think steve's as well, those recoup these in the march quarter, that pain of december ultimately, it's the gain of march, but that gives some perspective about what

now musk also suggesting that apple is threatening to remove twitter off the apple app store tweetingpp 18 threatening to w u withhold twitter from thp store. apple has strict requirement for apps on the app store to protect users against hate speech and misinformation. remember after january 6, they booted off parlor and that's again -- parler because they wanted to make sure what goes on that platform is safe for everybody to use. twitter will send their covid misinformation policy this morning, and they're re-instating 62,000 banned accounts. i think you can understand where apple's app store is coming from and musk was upset and complained about the app store fees of 30% of in-app purchases and that's the same of what google charges. and being a capitalist, if you create this $1.5 billion iphone system around the world, why doesn't elon follow through with his promise to make an elon phone? if you do that, you can charge 30% too. ashley: exactly right. i don't think we've heard the last of musk taking on apple right now. let's get back to the crypto's if we can. we talked about th

, apple had people on the ground monitoring the situation at foxconn no updates from apple or foxconn since. what it means, most will not be able to get an iphone 14 pro in time for christmas apple could also miss targets for iphone sales growth this quarter. a lot of demand could pull forward into january not to mention this exposes the risk of apple relying on china, including the human cost of making products there, guys. >> yeah. steve, where i want to hone in this human cost. it's -- obviously awful from a human standpoint but in the case of apple specifically, such a major company on the world stage and certainly one that is very focused on things like esg here at home. i've got to think that this is from a pr standpoint, a very difficult situation for this company to navigate. i wonder what it means for the company from that standpoint and also in terms of its ability to now move more and more of that production to other places >> yeah, morgan. a lot of aspects to this a lot going on here. so, look this is probably the worst look for the apple labor throughout the supply chain

apple and apple's not responding and saying anything.down what's going on elon musk was claiming yesterday in a tweet that apple threatened to remove twitter from the app store. look, this is not how apple operates i've been speaking to developers about this for years and apple never threatens app removal. what they do instead is they might ask for changes in an app to get an update or approval for a brand new app. and ma seems to be really going on here, brian, is it's likely apple gave twitter some of that feedback in a regular review but the app is still in the store and apple's approved updates even since musk took over the app. look, here's another way to look at it. a couple years ago twitter rival parler was moved around the january 6th riots not because of the bad content. there was plenty of that same bad content on twitter that day. it's actually because parler by design said it didn't have moderation so it was kicked off by apple and allowed to return after adding those moderation tools. twitter was allowed that whole time to

and so i think apple does have a role to play here. and i noticed that the concert to sleep quiet to buy this issue. i'm late. now you say that, but there's been so much coverage about this. now just wondering whether this will have a long term impact. perhaps big firms like apple might switch suppliers to avoid being associated with accusations of abuse of working conditions. what do you think? i don't think though they switch suppliers. i think it's more of a switch menu. you've already seen apple trying to move and use suppliers and other countries in india, chinese type is themselves actually moving to other countries like india, vietnam, to basically take to, to take advantage of lower wage costs in china. but this is all just part of maturation process in china as well. the longer the cheapest source of labor in the world. so you're going to see companies moving out of china, the coven situation, over the past years in china, coupled with tougher geo politics is meaning that you are seeing as sort of the conflict. it's not a comp

apple messing around with elon and apple messing around with -- well, the people of china. maria: we've got much more ahead this morning. we have a big week of economic data, the second read of the third quarter gdp is out this morning, next hour. we have the october core pce tomorrow. we have the jobs numbers on friday. how are the markets anticipating all of that? we're on it next. and then hunter and joe biden, the story continues to unfold of influence peddling. house republicans are ready to investigate. kentucky congressman, house oversight committee ranking member james comer is here to give us an preview of what to expect. you're watching "mornings with maria" live on fox business. this... is a glimpse into the no-too-distant future of lincoln. ♪ ♪ it's what sanctuary could look like... feel like... sound like... even smell like. more on that soon. ♪ ♪ the best part? the prequel is pretty sweet too. ♪ ♪ is it possible the only thought that comes to mind is... ♪ finally? this is financial security. and lincoln financial solutions will help you get there. as you plan,

but if you were to create apple today, how much supply would you have based in china?u could start over. and how much is e fersha from the past 30 years of globalization? >> great question. i think when you take a look at how companies want to create their supply chain, they want to sort of have most of the domestic demands catered to from the domestic supply. so when you think about it, you'll probably expect companies like apple to set up 15, 20% of the supply from the domestic market and then from the remaining close to their demand sectors as possible. clearly that will take a long time we're seeing other products that are easier to move get there faster but not the iphone. but i think long run you won't get there exactly but close to it. >> a final question able wearables. what is your outlook for the watch and air pods this holiday season >> yeah. we've been very excited about the watch ultra, particularly i would say. less so about unix more so about the ai revenue implications. the way we see that product doing lead times, solid demand, and driving optimization

i think time spent is going up i think apple is spreading news on every apple device.ng more time with news and trusted information and as such an opportunity for advertiser 20s spend. also, i think we're going to see a huge wave of millions of advertisers who just cannot buy social anymore because it's too expensive, because privacy has been making it hard for them to succeed with apple and those things they will look for other places to spend so i think in fact we'll see demand increase over time because of those issues. plus consumers want to find trusted sources of information so they'll spend more time >> just quickly, we're almost out of time. it sounds like the dollars are moving away from a meta then >> i bet there is going to be huge opportunity for contextual advertising, open web, trusted, stuff like that. >> that's your nice way. we'll leave it there thank you. adam singolda, the ceo of taboola. karen, you're a meta shareholder. >> i am. thanks for pointing it out meta shareholder it's been very, very painful i always come back to it and it hasn't been righ

apple is a big part of this problem. the video from last week shows how apple is heavily exposed to the china protests through its largest assembly plant. foxconn's iphone city as it's called. chips which yesterday took a 2% hit, continue to head south folks look at this right now down 2.5% for apple. they are now down more than 7.8% for the month. as workers have fled oppressive covid restrictions wedbush analysts are predicting apple could face as much as a 10% hit to iphone production this quarter and noted apple watcher, tf international securities analysts tweeting that iphone 14 pro and the i 14 pro max shipments could be between 15 to 20 million less than expected. apple suppliers getting hit by the phantom pain at this hour so we're talking about names like western digital, broadcom, sky work solutions, qualcomm, but china is not apple's only problem. to connell mcshane and the apple elon musk spat developing over the last 24 hours. connell? connell: it really has been developing, liz, it's personal, a series of

i don't think apple's scale dominance is going anywhere. i do think we could see an increase in people's willingness to try very, very hard to get their hands on the latest phone. as you say, this news might not be good news that we're hearing about supply chain chaos it is very much in the domain and pr is pr i think you are right. i think people will clamor to get them the problem is availability. that is where the dent is happening. i don't think the brand is under any dispute. the asset is very much in touch. >> sophie, we are talking about a stock in apple that lost 15% of its value just so far this year that's better than many other tech companies out there it is still a decline. is apple still a company worth owning for investors in this kind of environment with supply chain issues and everything else >> this is a really important point and one i'm really keen to bring up that is applearle has been bettr than mega cap tech appears in this circumstance, it is possible the downward pressure related to the ply supply chain issues is ove

now is this a boon for apples competitors? it to me, i think it's for the committee days, it's not actually a bond because currently dull rural, all as martha lee, i'm sad facing the same situation that the marker will have things and also dad didn't get mine from the consumers. i saw a post, you can maintain their position on the high in a fabi on back to you. and in beijing, chinese experts are down for the 1st time since mid 2020 or what are the prospects of the 0 covered strategy? the beijing has been pursuing that strategy being used yet, it's a good question. i mean the trait numbers are very disappointing, and the are a proof to what degree is 0. cobit asserting the economy. however, on saturday, the national health commission gave a press conference, clearly stating that the country will stick to the recovered em. but let me tell you that the numbers are, i mean, the infection numbers are as high as you know, early a may. i mean, the biggest rise and affections a since are basically half a year. so it's entirely possib

for apple, it is a key mechanism. apple does not use facebook for ads, for example.he first grievance. the other one, the accusation leveled by musk at apple and ceo tim cook, is that apple hates free speech, which is an inference of inclusion musk has drawn faced on the idea that they are paring back their activity on the platform. guy: if you were to walk around in san francisco and talk to people that work intact tech, would they agree or disagree with elon musk when it comes to the story surrounding apple? ed: i think this is a really interesting one, because we reported on the layoffs at twitter, but we also reported that a lot of engineers left of their own volition. yeah, we speak to lots of people around san francisco, out in the broader silicon valley area who are on the engineering side. they don't agree necessarily with the platform changes that musk is making. apple is really specific. it is a very top-tier advertiser. sources are telling us that until very recently, a whole twitter team was dedicated to apple. you acknowledge that this change from ad-bas

we are watching apple suppliers as well.ng it is expecting lower iphone shipments as a result of the supply disruptions on gaungzhou. we are watching the likes of sunny optical lens tech. chipmakers as well. naver reporting earnings meeting third quarter estimates. we are looking ahead to the start of trading in hong kong, shanghai, and shenzhen. ♪ david: it is 9:00 a.m. in hong kong

comparing apple against apple, it was not the greatest. if you look at the current economy, they did pretty well. in terms of the next big thing for apple, it is a continued juicing of their install base over 1.8 million devices to generate more services revenue on top of their initial hardware revenue. there and -- the next big product would be the reality headset coming out next year. this is not going to be a big mover for the stock initially or a big revenue driver. they will be planting their flag into the mixed reality world, the vr world. coming out with vr focused products over the next decade, a significant source of revenue and the very long term -- in the very long term. kathleen: now let's get over to vonnie quinn with the first word headlines. vonnie: futures have tumbled -- moscow says it received written guarantees from ukraine that the safe passage corridor will be used only for grain exports. the united nations welcomed russia's return and the help of turkish president erdogan. the u.s. on the netherlands are expected to h

going back to apple for a second i don't think it is a big deal for apple one way or another if thatrwitter app is not in the ios store. if you look at the current quarter, consensus was down 4% year-over-year in eps. last year they did 25% and the year before that 35% so when you think about expectations are getting low i just don't think there is a floor in this stock. i think there is some technical support down another 10 or $15 billion. did you this is still massive outperforms all of the major tech peers from let's say if you want to go back two years to when we got the vaccine as announced in november of 2020. >> but it is underperformed the market since that spike on earnings and maybe you could say well was it unnatural buts it down 10% in the s&p and never got above the 200, it is still below the 50 and i don't think that the elon news is significant, but you can't tell me that there aren't a lot of people in a lot of place and i love apple as a company, i don't love the stock right now. it is the opposite of what guy said about facebook or meta. but you can't tell me apple

i wish apple was this way.f they were so gung-ho about rights and platforms and freedom of speech and all these things they are claiming, which i have not seen twitter stop. it's been the opposite. it's been opening things up. you aren't being shadowed anymore. algorithms aren't taking away from you. i can actually speak to other african-americans on twitter again. it's crazy. it's funny, twitter is opening the doors but apple doesn't like that. for some reason they liked it before when they could decide who -- >> bill: you were prevented before? >> i'm so crazy with some of the right wing stuff i say like work out, take care of your kids, go to work on time. but forever i was stuck at 400,000, whatever the case may be. when mr. musk came in, amazingly suddenly within a matter of hours 150,000 new followers and most of them to my shocking surprise were minorities and i am no longer alone. so it goes back to -- i don't know this is true, but it feels like it is to me. it goes back to this virtue signaling thing.

how bad is this hitting apples bottom line? well, i mean, overall, more than 200000 people are working in that fuck gone factory. and it must be really tough. i mean, already a couple of weeks ago when there were some, it's shut down. due to coven workers were only allowed to move between basically where they sleep and where they work. what we do here from fox con, so far is that operations are running normally a couple of weeks ago. when we had those cov, it cases, there were some estimates that apple might produce a few 1000000 i phones less than originally expected, tend to pin that down about for pick up the iphone. 14 models are built in that factory, but at least when you look at the stock price, there was not a huge reaction. and here on wall street regarding apple socks. now apple is said to be looking at pulling out of china to a certain extent. how far are they with those plants? been that is the big trend that you try to be not too dependent from one facility or one area that is not just true for apple, but also for

- >> all one-sided now apple trying to stay out of it. >> let us know if apple weighs in i feel likeaught relationship when musk went off the 30% charge on the app store which is something that other companies have accused of violating antitrust laws i just want to point out thank you, steve kovach, at new session lows down 540. most dow stocks are lower. the only two bright spots are walmart and merck. disney weighing on the dow down 3% and in the weeks since bob iger's return as ceo iger holding his first employee town hall this afternoon julia boorstin here with more. what did we learn about iger's plan >> reporter: he said he would stick with the plans that bob chapek laid out in terms of doing a hiring freeze, and he said, quo, we have to take a very, very look hard at the cost structures and very much laying the groundwork for some sort of cutbacks and talking about the restructuring he wants implemented. doesn't have a specific time line but he wants to move forward with the restructuring quickly. when it comes to the all-important streaming business that they are no longer go

what does this reduction and output now mean for apple? so go ahead, pull dead dad this few weeks out. ah, in the study and is to then they'll be like a reduced a or i'll put a and then a, as apple said, they already stanza and lower the expectation from the consumer and, and output. and they be standing for sun dealers say some our own channel. i shipments that this output as him at all, only for the i phone, 14 pro and pro max that for the 14 and modem kazi, its not effect till much. ivan is this sir than the situation that apple is experiencing? now, is this a boon for apples competitors? it to me, i think it's for the candidate. it's not actually a bond because currently the overall all as martha lee ems are facing the same today, asian did the marker, will have things. and also there even demand from the consumers, i saw a post you can maintain deposition on the high end fabia and back to you and. and beijing. jamie's experts are down for the 1st time since mid 2020. what are the prospects of the 0 cove strategy that beijing has been

apple remain a bright spot and another was battered technology sector. what does this reduction and output now mean for apple sofa had pulled their dad this 3 weeks and, ah, any disturbing it is to then they'll be like a reduced a or i'll put a and then a, as apple said they already status and lower the expectation from the consumer and, and output, and they be standing for sun dealers say some our own channel ah, shipments that this output as him at all, only for the i phone, 14 pro and pro max of for the 14 and 14 classics. not in tech till much. ivan is the sir than the situation that apple is experiencing. now, is this a boon for apple's competitors? it to me, i think it for the committee days. it's not actually a bond because currently dull rural, all as martha li amps are facing the same t donation that the marker will have things and also dad even get mine from the consumers. i saw a post. you can maintain their position on the high end fabia and back to you. and in beijing, chinese experts are down for the 1st time since mid 2020. what are the pr