from apple. this year they launched new app store ads offering prime real estate on the homepage of the app store and apple is likely to look to other surfaces across its platform like the apple maps app and apple tv lus for more ads. apple is a hardware company after all. the big question can iphone demand hold into next quarter after missing all the shipments in time for the holidays this month. we will have to wait a few more months to find out if apple can pick up the slack. we're also expecting that long rumored augmented reality headset, we keep talking about it, in the second half of the year that will be the first major new product from apple since the apple watch in 2015. there's more pockets of worry ahead, the dollar is expected to remain strong at least for the first half of next year and that hurts apple's services business, and especially app store spending which has been falling, apple blaming that on a drop in gaming sales. >> i'm going to give a hot take, kelly evans and a challe

you have apple store, apple music, apple pay, apple care so if one is up, one is down, it doesn't really have a negative impact so i think multiple drivers unlike the hardware side >> thanks for your insights. happy holidays to you. >> thank you >>> looking for more tech coverage respect don't miss tonight's special taking stock 2023, talking all things tech from the twitter saga to the bank trade, that is 6:00 p.m. eastern. (swords clashing) -had enough? -no... arthritis. here. aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. >>> welcome back to tech check here is your cnbc news update. pending home sales sinking another 4% last month far more than expected with mortgage rates higher and affordability lower. pending sales have plummeted 38% over the last year and pace of sales is now the lowest since april of 2020. >>> southwest stock is down another 2% today as the carrier once again operates only about 40% of its scheduled flights other major airlines including delta, american and united say

shannon: it's always been a risk for apple. apple has a good.elationship with governments around the world they employ an awful lot of people. there are a million people that are employed around the factory area. it is not just the factory, it's the shop down the street that makes the widget that goes in the phone, and the one that makes the glue. they have a strong ecosystem of production. it is a risk. whenever you have something in one area, it is susceptible to issues. i think apple has shown during the pandemic that they were able to come in with their partners. they are shifting some manufacturing to india, although that would take a long time. they have spent 15 years building this supply chain in china, and you can't just replace that overnight. i don't think they would want to. china is an important market for them as well. from the standpoint of the chinese government, it is important, to keep people employed. from apple's perspective, they are pretty reliant at this point. ed: shannon, you covered the world of hardware, but that encom

now going after apple saying apple is doing its job to sensor -- you know, an app governed by somebody who says they're republican. i think it's politically convenient. and also this other weird issue in that apple has ties to china with the protests in china, some of the lawmakers are also using this fight as an opportunity to speak to apple's dominance there. you saw ron desantis criticizing apple for the app policies but also using the moment when you have momentum against the apple fight to target apple for china, which i thought was very interesting. >> also because this is such an issue on capitol hill, which is why this matters. it's not just ron desantis tweeting about it. it's an issue that tim cook has to deal with on capitol hill. and mark zuckerberg weighing in on this and basically agreeing with elon musk is what stood out to me. the question is, do they have a point when they're talking about the fees that the app store and apple store takes from them? >> poppy mentioned that spotify weighed in, epic games has a lawsuit about this. if you compare apple's policies to some

and apples.r apples and bananas. in san francisco last year there was no one in the street and it was impossible to get a meeting because there were covid restrictions everywhere. the comparisons are not entirely there but we have 90% growth year on year over last year. i think that normal consumers in the u.s. are tired of deckard. everyone go2net credit cards explained and see the tactics they have applied against the best interest of their customers. you've seen the shift. but it is still the beginning. remember, where we are active the process is more than half of all e-commerce payments, right? it tells you something about how effective it can be but it takes time to get there. ed: quickly, sebastian, i know you stayed late in sweden. layoffs in the industry. layoffs for you? sebastian: obviously unfortunately we had to take a tough decision back in may, a little earlier than other companies. because you know i had the benefit of having done this for 17 years, part of the company back in 200

apple maybe saying good morning vietnam, very soon, after a report from the journal revealed that appleove its iphone production out of china to vietnam and india. this comes after weeks of unrest across china over the most extreme zero-covid policies that fueled an employee rebellion at foxconn, the world's largest iphone factory. they call it iphone city. apple down about 1.25%. it has turned negative, was green earlier. analysts predicting the disruptions to cost apple up to $8 billion in revenue, and delay 15 million shipments in its current quarter. to apple shareholder and investor gerber ceo ross gerber who says it's about time apple diversifies its supply chain. do you think they will? we've heard this before. >> i do. i think it be irresponsible for them as a massive business to not diversify their supply chain, especially because xi has been so clear about the direction of china being anti-capitalist so you know, they really need to do what's best for their shareholders and their users and that's diversify their supply chain and they could easily do this. liz: well, look the s

banks are heavily regulated entities i'm not sure apple wants to go down that path apple's aspirationsre not in the united states. it is more global. they have to go out and do that across the world in theory, right? that would be a lot of different domiciles and regulations to have to deal with. >> what about pay later? isn't that a risky business, especially with a softer consumer i work with some companies that are apple suppliers. apple is known to take a long time to buy its suppliers. why would you want to get into a business where potentially your customers take a long time to pay you. >> i mean, the pay later is a pay in four over a pretty short period of time, maybe a month and a half to two months it is not a long duration loan so to the extent that people do start defaulting more, they could shut that down quick but the other most important topic or point is it is not on their balance sheet, right it is through their partners they're using for the credit risk from an apple standpoint, it increases engagement and utility for the phone. >> apple is famous for not buying the co

i know is a crucial market for apple but still. >> a lot of corporations, disney, apple, the nba, nike, have a hard time getting in the middle of geopolitical issues as relates to china because china is so important to them from a customer perspective and a supply chain perspective but i've got to give tim cook credit for burying the hatchet with elon musk, which neither company needs but he is going to congress and being proactive talking to republicans. what never got a lot of press in the 4 years of the trump administration was how frequently tim cook went to the oval office and met with donald trump. donald trump was doing a lot with trade practices as relates to china with intellect all property theft in china. those are issues tim cook on behalf of his shareholders had a big interest in and tim cook wanted to meet in the middle of that conversation being the dog and not the tail, got to give him credit for getting ahead of things and that is what prudent ceos do, get ahead of issues. cheryl: when it comes to tim cook he speaks from experience, operates out of experience. one thin

for next three years, would you say tesla or apple >> tesla or apple. that is an interesting one i still think i would take like an apple over a tesla right now. i just think -- >> for three years >> over three years. yep, i actually still taking apple here i think tesla is coming down herech it is not to say that it doesn't have room to come down i think it is getting close to it is so bad it is good. but i still think we're there. you're comparing ford to tesla just a minute ago, the valuations are extremely drastic. a tesla trades at more than four times as much as a ford does and that will come down. ford is putting all of their eggs in the ev basket and that will put pressure on tesla, whereas an apple, i think parts will still be needed and they have the benefit of a really positive cash position would you take an apple over a tesla here. >> mike khouw, i saw you do out, apple or tesla over three years. which one would it be. we'll talk about apple later on in the show. but what else are they going to get the growth from? service revenue is the ca

dail was that. just remind us what apple daily was and — that. just remind us what apple daily was andat apple daily was and how it _ that. just remind us what apple daily was and how it came - that. just remind us what apple | daily was and how it came under the ire of the chinese government.- the ire of the chinese government. the ire of the chinese covernment. . , government. apple daily was the most penular _ government. apple daily was the most popular newspaper- government. apple daily was the most popular newspaper here i government. apple daily was the most popular newspaper here in | most popular newspaper here in hong kong. it was essentially a tabloid. they're described tabloid. they�* re described itself tabloid. they're described itself as pro—democracy, and for many, many years, was refunded byjimmy lai, it was critical of the authorities here in hong kong but also in beijing. when the national security law was introduced, many critics believed that apple daily and jimmy lai would become a target of this national security law, and he was arrested and the number of apple d

it's down 20% from precovid levels, unlike apple which is still up 60. >> let's get to apple. the one-time market stalwart breaking through november lows, 3% what from its low of june does the stock see a rebound in the new year guy. >> hi. want to say hi to adam durrwitz. he's a huge fan. >> hello, adam. >> say hi. he's a huge fan. i'll say this. i think apple is a buy next year, but it's going to 125 first. tim's been talking about this a while. it's still an inexpensive stock. if it continues to sell off, apple won't be immune to it. that will put it into a much more reasonable valuation than where it's currently trading. >> bonnawynn you think you wait until 125. >> if i'm waiting on amazon i'm definitely waiting on apple. honestly, of large cap or mega tech cap names, this is one i'ming are to wait the longest to find an entry point for. >> i have been saying 125 for a long time. i don't think 125 is the level. >> lower >> apple rallied almost 65% -- excuse me, 85% from june 2019 into that feb 2020 level that everybody is earmarking. then went a to rally 180%. you bought

and it's not just apple. apple is only down 25% you could go right down the list and look at all of the big names. most are down 30 to 40 to 50%. that's the story we are no longer being able to provide very, very high multiples to these companies, because with interest rates this high, you're competing against these companies and in many cases, higher yeelgds on bonds are more attractive for other investors. so these companies are getting re-rated downward. the good news is, value is really kind of back. we're going to talk about this all throughout the week, but it is very heart tong see consumer staples and utilities and health care stocks do fairly well this year, flat-to-even up on a number of names. and we'll show you that later in the week >> for now, bob, thank you very much bob pisani >>> so the conversation, has inflation peaked globally? we are starting to see signs it's slowing in the u.s. and around the world let's bring in steve liesman on that story what it will mean for the fed and the stock ma

the stink of apple empire of shame once respected american company that now genocide censorship andted hypocrisy watch this. >> apple has always been at the core of changing the world and arguably you cannot change the world if you are ignoring the world. i think silences the ultimate consent. if you see something going on that is not right the most powerful form of consent is to say nothing. >> changing the world is the ultimate consent you mean like this? >> to support the chinese people right to protest? do regret restricting airdrop access protesters used to invade surveillance one —- evade surveillance from the chinese government? do you think it's problematic to do business with the communist chinese party when they suppress human rights? steve: silences the most powerful form of consent i quite agree, tim cut. thirty years ago i lived in hong kong for one year into my work met an amazing entrepreneur lost a successful newspaper apple dealer as they started to mind democracy even when they shut down his company and threw him into jail where he remains to this day the quibbling

apple was around 80. apple's currently around 127. >> yeah, but, you know, apple, i think, dominates the competition. i think tesla is going to have a tougher time with competition, you know, in the future. apple i still still see dominating their market. i don't see other manufacturers able to really compete with them and i would say that, you know, apple is a stock that i would certainly consider it's going to continue to grow and dominate >> you know what apple's forward p\e is right now it's 21 times. >> which i think is reasonable for a big tech company like that >> what other big tech companies, if any, would you be a buyer of here? and if you could contextualize this like you said these are not the core of your portfolio. you and i talk a lot about big stalwart value stocks. and for investors were part of the $12 trillion in wealth loss over the past year, tell them where you think they can go to preserve capital for 2023. >> well, in the tech area, i mean, companies that i'm currently considering

apple and microsoft dragging. a big part of that of course a report on apple we will come into later in the show. meta down. the eu is voting in favor of rules that would impact their targeted ad based platform. not good news for that company. the bright spot continues to be shares of china tech. jd.com up 2%. part of that is the change of any policy around testing. there was initiation. batista with a hole that seems to favor the stock. the other big story is chips. we are looking at what is happening in the arizona desert. the vip list gathered there to witness the unveiling of tsmc's planned for the future. i did not help stocks at all. all of the names present at the event involved are some of the biggest this -- biggest percentage of decliners. generally speaking, pretty optimistic about what this means for the sector and domestic manufacturing going forward. caroline: what is the cost? how much does it end up being an economic benefits of the u.s. in general? we heard from president biden and apple's leader

meet the woman improving lives one caramel apple at a time. >> there's no calories in an apple when you do it for charity. >>> this is the cbs weekend news from new york with jericka duncan. >>> good evening, and thanks for joining us on this sunday. we begin with a major break in one of the deadliest acts of international terrorism. tonight a former libyan officer accused of making the bomb that brought down the pan am flight 103 over scotland is now in custody. it happened december 21, 1988. the jim jumbo jet was flying from london to new york. 259 people onboard and 11 on the ground were killed. cbs' christina ruffini in washington with more on the suspect. good evening. >> good evening, juku. the fact the suspected bomb maker is now in u.s. custody marks a major milestone in a prosecution that has been going on for decades. >> a quiet night in a scottish village shattered. >> reporter: this was the aftermath of the bomb stashed in the luggage compartment of pan am flight 103 four days from christmas. among the victims 35 students from syracuse university returning home after a semes

that's apple they have haven't done that yet. amazon is at the covid level, apple is not, nowhere near it. apple was 50-something -- i know you had said it before, but you're talking about pre-covid levels i'm talking about the covid low was in the high 50s for apple. if that were the case, where would the market be? >> much lower. >> much lower, but if you're looking when apple wag at this level, or if it goes to 100, the s&p was 3250, 3300, everyone on the street that's negative has the targets in for the s&p >> that's how you get there. when you look at the top of the market, rates down, softer inflation, softer growth, that should have been the perfect cocktail for the names to work when the market doesn't respond that's a really important message. no, but i understand what you're saying , so i -- and we're going to see some negatives i do want to push back a little on how much money they have made over the last several years, that's one thing the business has changed somewhat it was pretty marginal so to me that seems like a

i want to hit apple, mike. that's tracking now for the worst year since the financial crisis, the stock also weighing on the broader market. steve, are apple's troubles as a result of iphone production and demand or something else happening here >> that's the bulk of it, at least for the next couple months like we've been talking about, these shut joins of production in china, those closed-loop systems have made it so hard for them to get iphones out. now, the big question is, does that demand carry over into january and february if you didn't get an iphone for christmas, are you odd buying it in the new years instead this will be an important earnings report how robust was demand through the supply issues, and how are they ability to keep the demand up or even if we head to a tougher recessionary environment last week talking about how smart phones will be flat to down, and analysts signing warnings of that that it will get worse if consumers spending goes down, so lots to be worried about. it's largely on chi

and apple's actions with the chinese government.ven't spoken up about that at all. whoer is a great interview martha did with con kirby did the other day. >> why not say something to apple because we were just told the other day that the white house is keeping an eye on elon musk and twitter. >> we have been very open about our desires to be able to see citizens communicate and, you know, apple, if this is a decision that they're making, then they should have to speak to that but we are not -- he we can't and aren't in the business of telling private companies thousand execute their initiatives. >> twitter is a private company, too. why is twitter getting one treatment and apple is getting another is my question. >> well, these are completely two different circumstances. >> bret: wow, seems similar in some ways. >> yes. but no pun intended here apples and oranges. and the reason is twitter is a social media company. if you were comparing twitter with facebook and we talked about mark zuckerberg and elon musk, that would be a differe

how much apples should be marshmallows? how to recognize, the one that did not put fruit, here sugar, water and molasses sounds sweet, but it tastes more like i would like black stripes in life, if it happened, it would look like such a sea of ​​black caviar only here black caviar at a price equal to the subsistence minimum for 200 g a jar, of course, remains an over-elite delicacy, which is also for bread on new year's eve. not everyone will smear, however, fish farmers are hinting that the price will be black soon. will fall, and the recognized gurus of gastronomy in general convince that black envy in relation to those who can afford. this black gold is in vain, they say there is caviar tastier and cheaper, and it's not red sales records from russia abroad. white caviar beats, and in this category, if you don’t know the caviar of capelin , vendace, pollock, herring, and others, fish, which are plentiful in russia, only russians eggplant caviar is more favorable than white caviar. you probably need to wait for the moment

fox business caught up with apple ceo tim cook and asked w why. will play the tape and get reaction from senator marsha blackburn on this and shockingly reports of election interference by tiktok. then big concerns over the state of our military. the result of an alarming new study you need to hear. plus a wild week for markets, moving big on a better-than-expected november jobs report. the boxing group founder david bahnsen on where stocks and the federal reserve go from here. we are days away from the highly anticipated georgia senate runoff election. republican herschel walker going up against democratic incumbent raffraphael warnock and one of e most contentious races in them in terms. herschel walker is here. first apple under fire for limiting access to the airdrop filesharing feature on its phones in china. in the weeks leading up to the massive protest. tim cook was meeting behind closed doors with lawmakers on capitol hill this week where our own hillary vaughn caught up with him. >> hi mr. cook to support the chinese people right to prot

apple at new 52-week lows, tesla

he visited apple in cupertino. he said thanks, tim cook for taking me around apple's beautiful headquarters. he announced his opposition of taking 30% of in app purchases . a stance against free speech and threatening to start his own phone company if apple pulled twitter from the app store. this is just his attempt to get regulators to take a hard look at his competition . >> elon musk is been rattling his saber a little bit not being happy that apple takes 30% of in app purchases. he says that apple has both are for sizing from twitter lately. he says that apple may delete the twitter app because he is removing a lot of the controls for the staff that used to run the controls required for an app to pass rules about being a safe place and not the wild west. none of this has happened yet. he is making it clear he wants to raise apple's profile in front of regulators and get them to say if apple is a monopoly that needs to be regulated by us. he is not a big fan of tim cook right now >> the decision came after elon

ditto for apple. the in terms of a prolonged shanghai shutdown, that goats through, we see through that because it goes away as covid gets better in china, dan. i mean, things could get better. interest rates okay i'm not even going to bother i don't know why i even try with you. >> this is important, mel. i mean, think about this tesla has less than 10% market share in evs in china. there are so many local manufacturers that have, you know, just much better like, you know, footing there. to me, i don't even think it's that big of a growth engine for them like so much of the valuation is tied up with that. don't worry about the stock market kra izziness. this is the biggest single stock crash in the history of a stock market in a month or two things like this just don't come back it's just not going to happen. i think, i have a he abouten saying this for a while, there's a good chance he's not going to be the ceo by the end of next year this company gets to be valued as a car company that has slowing

morgan versus eli apple i'd take j.p. morgan unfortunately it isn't we've talked eli for years along the merck, best pharma out there. valuation has been a concern for five years seems to look past that. j.p. morgan obviously a great bank i would submit still has to come down in term of metrics specifically price to book so eli lilly in this game. >>> all right, coming up, spin the wheel on casino to bes find out if there's any luck left in that center. jackpot trades next. >>> plus, we're ringing in the chart of the year. any guesses on what it might be? icarndo ndk. stk ou tfi out what it is if your business kept on employees through the pandemic, getrefunds.com can see if it may qualify for a payroll tax refund of up to $26,000 per employee. all it takes is eight minutes to get started. then work with professionals to assist your business with its forms and submit the application. go to getrefunds.com to learn more. what if you were a major transit system with billions of passengers taking millions of trips every year?

it may also be a huge financial hit in apple's case. the eu app sales are only a small fraction of what's made in the u.s. and china. >> here in the u.s. a similar bill called the opens markets act did not make it out this year, but if congress takes it up next year, they have the european law as a possible model. >> yeah. it is so interesting, steve. i know we talked a lot about the fact that the eu is really setting the standard in terms of tech regulation when it comes to gdpr that's a privacy regulation. it institutes changes that had wide ranging effects even here between the dsa and the dma, some are easier to apply unilaterally and sequestered to kw europe. >> this is what it appears apple is doing instead of having this global change, that's why when you log into a website they ask you to accept cookies it sounds like apple will not take that approach in fact, they will have this special verse of ios in the eu while the rest of the world have to have the lockdown ecosystem tied to apple app store, tied to their payments and stuf

this apple.yes, the queen of respect for gagarin took out of his cup, a lemon, a piece of pineapple and so on. you can still eat a piece of meat to take care of our heart of the liver of the stomach, but many forget about the health of the teeth. well, no, one or two teeth. it's not fatal to chew, you can smile, but in fact, the absence of even one tooth can significantly shorten your life. recent studies prove from the state of the teeth depends on the work of our internal organs. and if there are not enough teeth, then there may be a constant headache, spinal curvature and even heart failure. what is more dangerous is the absence of teeth. why is it important to have all teeth? or at least prostheses, we are starting a series of headings, and teeth, in which we will answer these questions. yes, today we have a dental topic, so to speak, you are starting a series about prosthetics . topic the doctor will speak very interesting. often we have my friend not for the sake of markovich gennady shergo

apple is expected to enter the space with long awaited head set at the end of the year apple's challenge is showing a case for the technology that rivals have not been able to prove. if that doesn't happen, dom, the metaverse could end before it could take off >> steve, this is interesting. we have talked about things like snapchat with the glasses and google glass when you have this many large, and i mean massive companies with massive balance sheets, deploying resources to augmented and virtual reality, doesn't that suggest it is a self fulfilling prophecy? they will make the ecosystem work with that much money thrown with apple and alphabet and meta >> and especially for meta they are trying to spend their way into this metaverse. dom, they admit it could be up to ten years before this investment pays off. that is not what investors want to see now not many people or a lot of investors probably don't have a 10-to-15 year horizon with meta shares they want to see the core business is doing okay what we have been seeing over time is the building blocks toward the vision of the metaverse

>> this is quite a strange move on the part of apple.tially they are pushing back the deadline for the self-driving car as part of a broader issue the company is seeing, when they are being squeezed essentially when it comes to their core sales such as the iphone. so it seems like the company is refocusing on the current products. and pushing back the deadline for these bigger ideas such as the self-driving car. francine: thank you so much, our tech reporter in berlin. that's it for the european market open, "surveillance: early edition" is up next. we will have a full roundup of rockets, -- roundup of markets, china and the dollar gains. tom: currently markets in europe down .2%, futures in the u.s., s&p is up .1%. this is bloomberg. ♪ >> this is "bloomberg surveillance: early edition" with francine lacqua. francine:

cap up -- apple up 7/10 of a percent. bloomberg is considering allowing doubt -- apple is allowing downloads onto the iphone or ipad. one stock which did react, spotify. one of the names involved in the argument around commission and fees on the app store. worst performing is tesla down for percent. it is astonishing that we swung from a four-port three -- 4.3% gain. clearly there is a focus on crypto-linked stocks as well. in fact, across that subsector we saw a number of crypto-linked stocks, silver gate among them down 12%. this is a bank that lends and provides banking services to the crypto industry. broadly there is still concern as we hear more and more about what really happened with ftx and sam bankman-fried. caroline: contagion at front and center. well put your let's get back to the huge story of the day. after the ftx quick collapse sent shockwaves waves across crypto markets, the house financial services committee wanted answers from executives. that task has been made or come pick it up at the fact that sam

dow jones has been rallying, and not because of apple and it has been kicking the snot out of apple. maybe it's a dollar, joe, and you make a convincing case on that, but my case is still i got you at 6.5 percent hang on. go back 20 years ago the market leaders there were the tech stocks coming out of the 1990s, and they did not do well in the odds amazon did not do well -- all right, go on >> thank you >>> straight ahead -- i appreciate that very much. stocks coming off their best weeks since spring, and wall street turning bullish on the reopening of beijing thedesk will debate that we're back in just two minutes at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. folks, it looks like we're gonna have to land this big old bird earlier than expected because it's the xfinity black fr

apple and microsoft dragging. a report on apple for later in the show. meta down. the eu is voting in favor of rules that would impact their targeted ad based platform. the bright spot is jd.com up 2%. a change in policy in china around covid. the other big story is chips. we are looking at the vip list gathered in the arizona desert to witness an unveiling of future plans for manufacturing semi conductors. the names at that event are some of the biggest percentage decliners but as i look across sales, they are optimistic about what it means going forward. caroline: what is the cost? how much does it end up being an economic effect to the u.s. in general? biden and tim cook were at that meeting in arizona and we expect apple to announce u.s.-based investment and they plan to build a second facility. here is what tim cook said. >> we work to manufacture chips that help power our products of the world. we look forward to expanding the work in the years to come as tsmc forms deeper roots in america. it is extraordinary, what chip technology can achieve. and now thanks

let's start with elon musk took a swipe at apple, twitter and i hear musk and apple's tim cook our pals. carleton: as if elon musk doesn't have enough going on, why not take on one of the biggest companies in the world? apple charges 30% commission to apps developers to collect a million more on its apps store, not the first time someone has raised issues, spotif gmac did, coin base did. elon who is holding this more and charging more for verification doesn't want to pay 30% so he says apple is looking to take twitter off the platform, tim cook had a meeting with him and realized it is a misunderstanding. everything is fine now. jack: mark zuckerberg weighed in about apple, it is the only platform where one company can control what apps are on the device, don't think it is sustainable or good. really get a sitdown with tim cook? carleton: facebook is being hurt by apple's privacy, not just the commission but tracking how facebook makes its money or meta, i should say. it is getting tough. jack: facebook facing regulatory backlash. let's look at one advocacy group, too little regulation,

an apple up .7%. a bloomberg scoop that it is considering downloads on the iphone and ipad outside of the app store. one stock that reacted was spotify one of the names involved in this argument around commission fees on the app store. the worst performing stock on the s&p 500 is tesla down 4%. we went from a 4.3 percent gain in the open to a 4% decline. we see a lot of concerns about elon musk for a multitude of reasons. and crypto stocks as well we see a number of crypto stocks fall. down 12% at silver gate. broadly there is concern as we hear more and more about what happened with ftx and sam bankman-fried. contagion is front and center. let's get back to the huge story of ftx collapse sending shockwaves across the market. the house financial services committee was out to get answers from senior executives a task that has been made more complicated by the fact he was arrested. sam bankman-fried himself on monday in the bahamas. chris is here with us. walk us through what happened from a legal persp

in fact, there are 800 apple varieties that grow in the region. >> the apples in orchards are mentioned they used to make a beverage from normandy that is very famous, cider, and its brandy cousin. ♪ [whistling] ♪ >> [speaking in french] >> [speaking in french] >> your family has been making this here for 50 years, but people have been making cider on this farm for 300 years. the first question, why do we see so many houses like this one around normandy? >> well, this is the typical architecture of this region in normandy. in this region, we do not have any good stone for constructing houses, and therefore people were making houses with wood timber, said the basement is made with limestone, the only stone you can find here, in the house is made of timber. >> where does it come from? >> before people used to make cider for a longer period, but the real production is around the 15th century and 16th century in normandy, so it is made of apples and pears. we have a lot of specific varieties of apples that are well adapted to our climate here, and that is probably what makes it so special.

apple is also just now at a 52-week-low.s been hovering around that mark for a while now a bunch of etfs all sort of tech-oriented also sitting at 52-week-lows cathie wood's ark innovation fund the renaissance ipo etf has had a horrible year, that's biotech and growth names lithium etf, that's electric vehicles, and that's been hit very badly by tesla. consumer discretionary, which has been hit very badly by the poor performance from tesla and amazon that's xly, one of the s&p 500 sectors. look at tech stocks in 2022 and you can see why people are concerned about whether or not this will fall into 2023 apple, 25% microsoft, alphabet, amazon. tesla, 65% declines. meta is down 65% overall if you want to see the sort of poster child for this, vanguard has a mega cap growth etf, mgk this is the one everybody owned a year or two ago. that's down about 40% so far this year. that's got all of the stocks i just showed you in it. that's the one that's getting hit hard finally on the s&p, santa claus rally. it closed thursday at 3822

so yeah, it's terrific. >> reporter: one apple at a time. >> one apple at a time. >> reporter: these apples. >> on a busy day i do about 200 to 300. >> reporter: out of her denver kitchen megan fonte makes up to 2,000 chocolate-covered caramel apples every holiday season. >> so i'm hand dipping the caramel apples in a milk chocolate and then i'm putting them in almonds and toffee. >> reporter: over two decades -- >> put a little white chocolate on it. >> reporter: she has raised as much as $18,000 a year. >> i'm a big cook. >> reporter: donated to schools, a hospice, and this year tall tales ranch. bought by people who pay all of 10 bucks an apple. >> how are you? >> reporter: like tracy mchugh. >> i'm excited to pick up my apple. >> reporter: a long-time friend. >> she's just very giving and always looking to do something nice for someone. and give up her time. >> reporter: husband rob donates the supplies and pushes sticks into the apples. a bit different from his day job as an oculofacial plastic surgeon. >> i feel like i'm just the supporter of someone who has a wonderful idea an

how much will it import packed the latest iphone shipment for apple?rts, it will likely result in a production shortfall of close to 6 million iphone pro units. given all you've said, no surprise to learn that apple is increasingly shifting its production away from china. absolutely. the us china trade war tensions started that shift for apple and of course since covid restrictions caused disruptions, rumours have been circulating for months but apple is reportedly telling its supplies to plan making apple products elsewhere in asia, particularly india and vietnam. at the moment, china with 300,000 workers makes about 85% of the pro lineup of iphones but that kind of concentration is seen as a risk and according to reports, apple's long—term goal is to shift 40— 45% of iphones from india compared to a single digit percentage today and vietnam meanwhile is expected to make other products like air pods, smart watches and laptops. india and vietnam have their own challenges as well but neither of them has as much governmental co—ordination as china but ap

. >>> later, we dig into the rough month for apple. down 16% since the start of december you are watching "squawk box" and this is cnbc the first time your sales reached 100k was also the first time you hit this note... ( screams in joy) save 20% with the lowest transaction fees and keep more of what you make. with a partner that always puts you first. godaddy. tools and support for every small business first. you ok, man? the internet is telling me a million different ways i should be trading. look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! it's time to take control of your investing education. cut through the noise with best-in-class education resources that match your preferred style of learning. learn your way. not theirs. td ameritrade. where smart investors get smarter℠. >>> welcome back to "squawk box. it has been a losing week for the marketfor a santa claus rally. joining us now is bill smeed and hank smith good morning, gentlem

this means that an apple must be in the lobe. stay with an apple with an apple.e is without a lobe, like this, uh, she will quickly deteriorate, because yes there will not be there. uh, infection will come in horticultural science. did not work out. some kind of me is not gave birth. friends for the growth of pear apple trees in these places, the conditions are simply ideal 300 sunny days a year, the harvest was such that they often did not know where to put it from fruits, they made jam, marshmallow uzvar jam in special dryers, pears and apples were harvested for the winter thanks to dried fruits, ancestors the singers were able to survive the famine of the twenties and the harsh winter of the thirtieth year, and now alena sviridova decides to study the technology of harvesting fruits that her great-grandfather grigory used one hundred years ago 150 years ago 200 always sewed a pear with this survived for health, pear stitch. uh-huh heals the kidneys the heart of the nervous system everything that is almost 50 periodic table in this shock i saw a lot of pear tre

we have already shot the apple.l, we have a garden for 200 apple trees; we grow apples from winter and medium ones, which means autumn. we have a variety of gala and golden yellow apples, not very sweet, tasty and a winter variety - this is dana bright red beautiful apples and tasty and they lie until spring. the most works. this spring it is necessary to process and weed it. then, of course, already mowing apple trees. how do we distribute responsibilities? well, who can when or me or him? well, who is freer, then he does, because i have there is also the main work, therefore, most of the work falls on his shoulders, because of the tractors , because of the machine, he is engaged in dispersal and weeding and planting and in this regard, and i only have weeding and come to check if there are pests on the trees on the plants. i like the product more when i rent it out and when i buy it , excitement appears well, we went to fairs in minsk a lot and people already knew our car, they came to buy potatoes, cabbage, carro