he led the business side of apple tv plus, apple arcade, apple news plus, apple fitness plus as well as the marketing side of all apple services. he spearheaded bundles for content within apple tv plus, the channels service but also the apple one bundles. he was the brains behind this push in services that has made it one of the most important components of the company's overall business. now he's leaving. that will raise the profile of the head of apple music and he will be taking on much of the responsibilities of stern and you can shoo him in as the eventual successor for eddie q who has been a top executive, a very senior lieutenant, a top 3-5 person under steve jobs and now under tim cook. ed: i just got back from ces las vegas and you and i have written about this -- apple was never there, not normally in recent years, but there was a big discussion around a rvr. there was a discussion in your newsletter looking at 2023. this will be a big year for apple in ar-vr. mark: apple's next big thing is a mixed reality headset. it will cost $3000. they have been working on this for abo

we saw names like apple and tesla.show you what's moving right now. >>> the house of representatives adjourning without a speak e after kevin maccarthy failed to win enough support with three votes. >>> and southwest airlines is hoping $300 worth of frequent flyer points will make up for 16,000 canceled flights over the holidays i heard 25,000 i thought that was a mistake go ahead and keep it >>> it's wednesday, january 4th 20rks 23 and "squawk box" begins right now. >>> good morning, everybody. welcome to wks on cnbc we're live from the nasdaq market site in times square. i'm becky quick along with andrew ross sorkin and joe kernen this morning we're looking at the u.s. equities. dow futures up by about 61 points, th

back to the apples. did you have yours? you have two apples. or will he not be an idiot or will he not grow up at all going on? don't suggest. you have two apples. i am your dad. here's one for me. how much do you have left? keep calm. you have two apples. i am a son. your dad. here's to me. you have a dad son. yesterday she told me that you would call all day, but without naming anything she said, just wait and worry in the morning, i 'm waiting and disturb us, my heart is beating my chest . maybe you forgot my phone number . maybe you laugh at my loyalty, but i do not understand why you are so angry? well , stop laughing, call soon. when we parted, that parting words i did not have time to say you only promised that you would call. today i'm ready to ride. and then home? first we went to a furniture store. why no, you didn't buy you there to undress, you wanted to hang your clothes in the closet. they didn't . guide a sleeve museum? the royal bed stood in the museum. well, the new year is now summer, y

should buy apple actually bought. >> peloton. >> yeah. >> steve, thanks. >>> taking apple head on, why shopify is trying to fill the advertising void left behind by apple's privacy push and what that means for the stock when "techcheck" is back in a minute. e is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back. >>> welcome back to "techcheck" i'm contessa brewer with a look at your other business headlines today. mortgage rates shot up at the end of the year pushing down mortgage demand by more than 10%. mortgage applications ended 2022 at the lowest level since 1996 higher rates clearly is constraining demand. the average rate on a 30 year fixed home loan today is almost 6 1/2 percent. southwest said it's maki

apple has a history of making very popular versions of already existing product. just think of the i pod, the i phone and the i pad a user friendly mixed reality get and could finally have v and a world to take off. one of the biggest crypto criminals of all times has pleaded guilty. james, john stoll, bitcoin that at one point was worth almost 3000000000 euros. then he had them on various devices, some in the bathroom closet under a popcorn thing. john had stolen more than 50000 bid cards. how did he do it? and what can you do to keep your cripples? hey, john stole the money from an illegal market place on the dark where more than a decade ago, self road was known for money laundering and trading with illegal drugs. all payments were done with bid kind. the platform was shot down by the f. b i in 2013 according to authorities. james john registered 9 fake accounts on sir grote. in september 2012, he deposited anywhere from 200 to 2000 bid cards in the account, and then spammed the accounts with withdrawal requests, sometimes sending up to 5 in a single 2nd distri

is the high becoming true and apple a are v, are mixed. we added the headset for some time. the scene has speculated about that . now reports feed the boss. apple has reportedly secured trademark rights for had said names and is officially hiring and notice behind number of a r n t v. our developers. apple's headset is in its final stage, some experts think, and the tech scene is eagerly awaiting an announcement. apple has posted numerous top listings in recent months looking for a r and the developers. that means the hardware must be you nearly ready. one job listing is especially interesting. it mentions the development of a 3 deed mixed reality world, combining the best of a r and b. this suggests apple is working on and virtual environments similar to mid us met, averse as sack of books version of the virtual world doesn't seem to take off. apple could potentially bring us one step closer to alive in a met averse, think digital concerts and, and have tea shops. apples mix reality had said will enrich real life environments with augmented reality. and we'll also let you e

apple has posted numerous drop listings in recent months, looking for a r and v developers. that means the hardware must be you nearly ready. one job listing is especially interesting. it mentions the development of a 3 deeds mixed reality world. combining the best of a r and b. this suggests apple is working on a virtual environment. similar to mid us met. adverse at socket books version of the virtual world doesn't seem to take off. apple could potentially bring us one step closer to a life in a met averse, think digital concerts and, and have t shots. apples mixed reality had said will enriched real life environments with augmented reality. and we'll also let you explore entirely virtual wills via via is a fully immersive experience. mixed reality allows the user to experience their surroundings while adding a digital layer over it to create a new reality. experts believe mixed reality women more easily adapted by society. apples goggles won't be cheap. estimates are 19022900 euro's for reference. microsoft a i had said hollins to cost slightly more. $3850.00 euro's so. w

we have to talk apple. it is planning to start using its own custom displays and mobile devices as early as 2024. you can touch them, even on a mac computer. let's bring in the skip generator that is mark gurman. you are out with another one. let's start with the mac news. i thought tim cook was going to follow in his predecessor possible viewpoint on this and not want to have touch on computers. >> this is very significant. they won't fly so ed won't be able to marvel at them in the air. they will get touchscreens. apple has a project, they have multiple teams working on efforts to bring touch displays to the mac for the first time. this is the first time when they are actually serious about this. they have been explored in the past but work has ramped up on these new machines. this is a big u-turn from what apple has done in the past. they talked about how the ipad is the best experience for touch. they talked about how the mac operant system does not work well with touch. they talked about the ergonomic

you've got tesla, you've got apple. i'd love to hear your take on what's happening with apple right now. it's raised eyebrows in the last few months retesting, lows. i think one of the big questions is whether this is apple-specific, tech-specific, or a sign of what's to come for broader markets? >> where do i start? firstly, look, nothing's changed in terms of the outlook in terms of gross stocks. 've still got interest rates on the rise with apple there are a number of issues firstly, investors have an eye on the quarterly results december was pretty bad because of supply chain disruptions. it's all about china we saw restrictionings there which hampered production. then there were worker disruptions as a result of pay dispute and workers walking out. still that factory has not fully come back to full production it's back but not 100% that's had a huge estimate i would estimate between between 5 to $8 billion revenue. apple is now going to see a decline in revenue for the december quarter if you look back in october,

yeah, i don't think apple can standstill. >> that said, apple didn't hire like the rest of those over the past two, three years, so maybe they don't have to cut like the rest of them either. alex, thank you. >> thank you. >>> coming up on the show, is netflix a good buy or a good-bye a blow of a quarter. we're back to the analysts who think the rally is just getting started. >>> plus, president biden's tech scorecard. we will go through all of that "tech check" is back in a moment (♪ ♪) how do we demonstrate our unmovable strength? (eagle call) nope. how do we show that we'll stand tall through the storms? nah. (thunder) how do we make our clients feel secure and- ugh... not lions. (lion rumbles) we do it with our people. people who've been looking after people for over 170 years. >>> let's turn to the only stock trading higher than alphabet, and that is netflix. the stock popping after smashing expectations for net sub ads last quarter the move comes despite a big earnings on revenue in light of expectations netflix announcing that co-founder reed haasings stepping down, taking on th

apple was down 29.fared a little bit better apple isn't any cheaper than it was one year ago i think more importantly when we look to fundamentals, apple has had a great two years. operating profit on average in the five years going into the pandemic was about $66 billion last year it was almost $118 billion. we had this huge surge in profitability over the last two years, i think in part because apple was the covid beneficiary and we may see giveback this year for sure. we're below consensus estimates. at about $5.80 a share the street at about $6.20 a share. we think as numbers come down, it's tough for stocks to work, particularly since apple is not inexpensive at current levels. >> i think it's a great point. we talk about the pandemic reset in chips and even in cars. most people thought apple might be a little different story. in part because of the services and the subscriptions as a service. for those new hand sets sold, why won't the reliability of service revenue help them get through a time in

and portable device that allows an apple user to track whatever it's placed on. say that makes it ripe for potential abuse. >> when you're selling a cheap, ubiquitous tracking device, the product is the problem. it really is a question of, are you going to stop selling this before more people get hurt? >> reporter: albert fox cahn fights against tech overreach as the executive director of the surveillance technology oversight project. >> tell me your reaction when apple introduced the airtag. >> exasperation, disbelief. here it is rolling out a cheap, easily abused device. and completely ignoring the ways that similar technologies have been exploited in the past. >> reporter: almost immediately after airtags debuted in april 2021, reports surfaced people were unwittingly finding them in their purses, backpacks, cars, pockets. model brooks nader was walking home from a new york city bar when her iphone notified her that an airtag was found moving with you. >> never have i gotten this notification before. alone on a dark street, panicked. i sent a text to my husban

apple is struggling. we'll explain. >>> plus new year and same struggle for tesla now trading below $110 a share with the stock cut in half in just about a month is it time to give tesla a second look. and later on, rolling the dice on stocks, fin tech and big oil players are ready to spend some money state side i'll brian sullivan in tonight for melissa lee. good to have you on. this is "fast money" live from the nasdaq market site on your desk tonight, tim, karen, dan, and guy adami. happy new year >> and clap for new year. >> [ applause >> let's start tonight with apple. that is a golf clap there. with nearly 4% drop today. apple is fallen back below a $2 trillion market cap what does that mean? these are big numbers. for some perspective, the stock briefly hit a $3 trillion mark one year ago apple of course not the oath condition feeling the pain today. major indexes all closed in the red despite beginning the day higher and nasdaq leading the losses, losing at the end of the day, three quarters of 1%

apple's top moneymaker is the iphone. of suppliers has helped fuel growth and suppliers such as broadcom. broadcom will supply other components, radiofrequency chips. it's also going to rely on qualcomm to an extent as it moves away from qualcomm modems during the period that it says will probably be about three years. rishaad: su, good stuff. su keenan. let's move along and have a look at what is happening in our first word news. we have to federal reserve officials saying the central bank means to raise interest rates above a 5%, before pausing and holding. that will bring it to the highest level since 2006. raphael bostic, nor mary daly voted this year. the case for reducing the size of rate hikes will be boosted if the inflation data that we get on thursday shows consumer prices cooling down. sources telling us that china is considering a record closure of up to 560 million dollars for special local government bonds. special bonds are a key funding source, which economists expect will fuel growth close to 5% or higher

we are going to talk apple.oing to start using its own custom displays in their own devices as early as 2024. making the future of those devices with your screens, you can touch them, even on a mac computer. you are out with another one. i thought tim cook was going to follow in his present -- predecessor's viewpoint. >> this is significant. they won't be able to be normal in the air. they will get touch screens. multiple teams working on an effort to bring touch displays back for the first time. they have explored it in the past, work has ramped up. it is a bu turn from what apple has done in the past. this okta about how the operating system doesn't work well with touch, the ergonomic concerns. but consumers want touch. but they don't work very well. kids have grown up on touchscreens, iphones, watches, kindle, the next generation of people who are going to get laptops and desktops are used to touch. so apple has to think about that new generation and the learning curve and what this new generation of potentia

apple had to offset. that's part of the problem we're seeing with the hardware products as you expect one of the speakers was talking about macro impacts. the economy is getting orse. and the products are coming off more expensive we are coming off of a strong period and apple was one of the last covid beneficiaries. to revert back towards normal. this started with the plant in china, where they had the manufacturing issues we're seeing that watch up realistically, it's an ecosystem that's strong. it's differentiated on software, if the play comes from apple themselves i think it's more important they get back to a positive revenue dynamic. >> tim, thank you. >>> still to come, the most bearish sentiment for ad buyers in the last decade who is best positioned to weather that storm, as "tech check" is just getting started 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

apple goes its own way. the iphone manufacturer is said to be moving to in-house designs for some of its most important chips. the full story next and this is bloomberg. ♪ tom: welcome back to the open. 12 minutes into the european trading date. losses of around 0.7% across the benchmark. fed officials making the point that rates could go higher from here. 5% or above and for longer. and also there is a case to be made that maybe there is a bit of off it taking ahead of the cpi print. technology by the way, one sector also in the red, down a little over 1% in the european session. bloomberg has learned that microsoft is in discussions to invest as much as $10 billion in the company behind chat gbt, the viral artificial intelligence software. apple is said to be dropping one of its biggest tip suppliers to use in-house designs. apple is broadcom's largest customer, making up 20% of the american chipmaker's revenue in the last fiscal year. joining us now is alex webb. why is apple ditching at least part of the

eight in the apple watch ultra. highest and most expensive watch you can get from apple. that's the one that's going to move to micro led technology beginning next year in 2025. that's because apple has more room, these are more expensive displays with more advanced technology so they in a pricier project to roll it out more quickly. the other thing to note is that this technology is very technical -- difficult to mass-produce. seeing smaller amounts of units, the watch ultra is the small units based products so the apple watch itself. the other thing to note about the apple watch is that the display is small. there's a very intense process that needs to be done to integrate these screens into the devices. the smaller the display, the easier it is. it will be a long, long time if you ever see these in an ipad or mac. haidi: another great scoop there from our very own mark herrmann on apple's latest plans. let's look at the markets reactions today. he had an optimistic start as we see investors really weighing potent

apple has reportedly secured trademark rights for had said made and is officially hiring . and notably, high number of a r and v r developers apples had said is in his final stage, some experts think. and the tech seen is eagerly awaiting an announcement that bill has posted numerous job listings in recent months looking for a r and the developers. that means the hardware must be nearly ready. one job listing is especially interesting. it mentions the development of a 3 d mixed reality world. combining the best of a and b. this suggest apple is working on and virtually environments similar to met us met of a socket. the version of the virtual world doesn't seem to take off, could potentially bring us one step closer to a live in a matter of us think digital concerts and, and t shots. apples mixed reality has that will enrich real life environments with augmented reality. and we'll also let you explore entirely virtual worlds via via is a fully immersive experience. mixed reality allows us to experience their surroundings while adding a digital layer over it to create a new

and apple, coming back 1.5%.less than the overall market it's a broad rally consumer staps staples are down. the meme stocks are up today what is driving the gains for names like amc, i showed you bed, bath & beyond, gamestop amc up 17% and apple andral tve stocks rallying when we take you inside the market zone and, technologists in india, and customers all on different systems. you need to pull it together. so you call in ibm and red hat to create an open hybrid cloud platform. now data is available anywhere, securely. and your digital transformation is helping find new ways to unlock energy around the world. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq power e*trade's award-winning trading app makes trading easier. with its customizable options chain, easy-to-use tools

more on apple coming up. lily! welcome to our third bark-ery. i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just paw-fect. terrier-iffic i labra-dore you round of a-paws at&t 5g is fast, reliable and secure for your business. we all have a purpose in life - a “why.” no matter your purpose, at pnc private bank we will work with you every step of the way to help you achieve it. so let us focus on the how. just tell us - what's your why? this is ge vernova, helping generate and move the energy that our world needs. ♪♪ welcome to a new era of energy. >>> apple shares falling 20% in the past year, as supply chain issues and covid cases in china weighed on iphone orders just when china is reopening, the global economy is bracing for a recession. joining me now is the senior research analy

apple's not that apple's an app company, and people say the apps are bad. the long odds are out for mega tech, and they will be out for mega tech until they're not mega >> speaking of all that, apple and tesla, rising one day after that rough start to the new year apple closed yesterday with a valuation below $2 trillion for the first time since march 2021. tesla coming off the worst one hch day decline in more than two years after missing that delivery target for 2022, jim. today, wedbush cuts apple to 175, appears to be cutting orders on macs, ipads, airpods over the coming quarters >> we need this. once again, we had research that was in "alice in wonderland," hoping, hoping, and now we come in, in 2023, and the readjustment is occurring. now, should it have occurred earlier? we sure would have liked it going in apple's a 180. so now, you get the call 120 i say, apple, own, don't sell. maybe apple goes to $105, but then it starts climbing again. it was at $180 you going to get back in who is bright enough to get back in >> starts climbing because it beco

homegrown apple. the tech giant plans to start using its own custom displays in devices as early as next year, dealing a blow to samsung and lg. french labor unions respond to president macron's plan to raise the retirement age by holding strikes and protests starting next week. francine: let's take a look at the futures. if you look at the currency markets, i imagine a lot will happen, i am looking at a euro and sterling rising. if you look at equities, there is optimism that we will have a good cpi print for the u.s. and jay powell not talking about inflation yesterday. tom: and j.p. morgan suggesting of inflation is softer, it could push this bear market rally higher. we continue to assess the implications, jeffrey gundlach saying you need to look at the bond market rather than listen to the fed when it comes to the trajectory for rate hikes. but maybe investors are getting too complacent about inflation once again. markets expecting inflation comes down to 2.5 percent next year. markets opening up

the weaker groups like tesla the two names to point out, apple and tesla. the mega caps are weighing heavily on the markets today tesla is down almost 12% apple is down another 4%, picking up where they left off last year in terms of the selling. coming up, we're going to talk about much more shows in terms of the stock having a lot more room to fall plus former federal reserve vice chair roger ferguson will join us ahead of the key economics today. time to kick it off with the market dashboard senior markets commentator mike santoli on the market. it was interesting to see the losers catch a little bit, but then still a big fallout for tesla and apple. >> for some degree, that's a phenomena. as you allude to, sara, they're fighting this trench war around 3800 from mid-december till now. essentially every single day, the low of the day has been 3800 plus or minus 1% i am not sure that's significant. value over growth, you have a couple of nasdaq giants being dismantled almost every day around you're stuck with this sort of same deal. you have the long-term

this is bloomberg. ♪ >> watching some apples apply in today's session, apple to set to be planning toy broadcom trip from its products as well as swapping out qualcomm electronics as part of its campaign to use in-house designs. let's speak to our tech reporter, mark gurman. we have been watching these developments when it comes to the ambition for getting more vertically integrated by apple. what's the latest here? >> the next frontier for apple and the in-house chip efforts is the wireless stacks. there are tw maino wireless chips, the cellular modem, allowing the phone to make phone calls, connected cellular -- connect to cellular networks. the second is a combined bluetooth and wi-fi module that allows the phone to basically do everything the modem can do but in your home network or wireless office network and can also handle bluetooth, paring with earbuds and connecting to your car. apple is working on replacements for both of those. they will be designing out those main companies for their future devices. >> what's the significance for the industry given how big a customer apple

it used to be known as apple computer it is just apple the macbook goes on sale today like most of the others, apple is up 8% for the year. unlike many other names, apple has managed to avoid large scale layoffs. it hired at a slower pace during the pandemic again, let's dive into apple the computers, which are cool, but are they going to move the needle it feels like apple is just a phone company. >> certainly so. with the new macs, they are important. we seen in recent memory that macbook picked up the slack when iphone sales disappointed. you are saying it is still the iphone that is the big hitter. i think the recent release tells us and really telling is they developed this kind of entry-level mac mini they are looking for another customer base that they under served in previous times fundamentally, as you talked about, they had a really strong start to the year. this is the same thing which they settle back with apple. the fact of the matter is the brand has super powers people continue to spend despite the pressure on income what they would look like over the festive season i'm

same problems, too apple, tesla, you know, pick 'em! >> yeah, i know.mber, scott, about how the turn of the year doesn't typically mean a new character to the market, all of a sudden emerges that's definitely the case today, right the biggest stocks are creating all the pressure s&p 500 lows, so far, 3,800 plus or minus a little. that's the same in the last ten trading days value killing growth, equal weight doing okay. same number of stocks up and down on the new york stock exchange so it really is the heavyweights as january unfolds, it is going to be interesting to gauge we have seen some weak januarys, februarys in this century, it's been negative more than positive, especially after a down year. without giving a prediction, we would not be surprising to see us maybe test the fourth quarter lows it's like 3,700 on the s&p i'm imagining in two weeks, the mood at davos is going to be a bear fest. people are going to be miserable. that could create a little bit of crescendo to some of the negativeivity, get the market oversold and then we see what we h

apple expected to post first rev clue decline since 2019.st important to you and what would you expect from the earnings? >> yeah, i think the important thing to look at we've had a tech valuations, we had an earnings reset, we've had layoffs and so the market has been prime today be able to look at what will happen next year for you the year and you are seeing rally in the nasdaq but the fundamentals are still good in big tech and we will get a peek in how meta is doing and it looks like it's coming back. the other piece we will see peek in cloud revenue and we saw microsoft still biggest growing area for microsoft, that means alphabet and alphabet google as well as, you know, alphabet google and amazon are going to be able to show earnings and then, of course, we are lacking at apple and what we are seeing resiliency despite getting production out during lockdown in china. those are the things people will look at. maria: the lookdown was underway in this quarter and it will show up in apple's numbers and there's tin nation story and the ex

well, the price is promised in the style of apple 3,000 dollars. however, that’s all.rather the details that are more interesting than the fact that apple is famous for its ability to turn ideas into business, smartphones, tablets, smart watches for replayer and others existed even before iphones with ipads. but it was iphones with ipads that were created, understandable to users. the scenario of the use of these devices and, accordingly, the mass audience and the interest on the part of software developers for all this for understanding according to the estimates of the extra market service devices for virtual and up to full reality. last year, it already reached $ 25 billion, but the sold headsets often gather dust on the table, simply because there are few applications for them, even games that, it seemed, should move this segment, so, according to a study by the mordoras agency, almost 60% of all game developers, do not think about vr at all. and only one in ten does something for one of the headsets. the most interesting device for developers today. this company i

so these companies get a lot of revenue from apple. if apple makes more effort to move in-house, the nearly 700 suppliers that are listed on your bloomberg terminal, are they under threat? not much movement in the equity market so far. let's look at some of the other key things we will be watching out for today. 9:30 a.m. u.k. time, the bank of italy will release its monthly statistics on banks and money. ecb governing council members will speak indiana at the conference. later, kb home reports earnings. coming up on the show, the challenges facing the fed, it's like attempting a perfect moon landing. of course we have achieved a moon landing before, so could the fed repeat history and deliver a soft landing? we will discuss that next. this is bloomberg. ♪ >> the old slogan going, i don't think there's any harm done and waiting 3-6 months to see the decision around the world, reduction of wages, etc. i'm on the side where it may not be enough. dani: jp morgan ceo jamie dimon on the flip -- on the fed's inflation fight. do you think it

now i understand alexander good morning alexander apples.apples and start to core them, or you can take it with honey. fine. we have to add chopped walnuts to our curd mixture and start our apples with this. and sprinkle with ground cinnamon on top, put them in the oven at 160 degrees for 20 minutes. have you ever thought? why do people consider proteins fats to be carbohydrates, because food is your friend and assistant? true, in fact proteins are fats carbohydrates. in our diet, proteins perform different functions - they are a building material, like bricks, from which the building of our body is built, and fats are carbohydrates - they are sources of energy. moreover, fats provide energy slowly, and carbohydrates quickly, therefore, in our diet, they must be in a strictly defined proportion. this is exactly what nutritionists determine. for example, the specialists of the health nutrition project of the national demography project, based on scientific data, they created just such a plate of healthy food, in which there was a hut and carb

is at 20 do you want to offer a quick comment on apple the apple stock is now under 21, market cap under $2 trillion, a superlative company by all accounts, i would think you would be up here pounding the table on owning apple. why aren't you >> $2 trillion used to be a whole lot. it's still a lot i guess i'm old enough to remember when apple, it wasn't that long ago, 2016/'17 when apple sold for 12 times earning and was thought of as a hardware company. i get it it's the most important electronic device in the world, et cetera, et cetera and yet a multiple in the mid-20s for that and the growth on an average year in terms of sales and things is not over 10% so it's relatively low so, you know, the glass is really being seen, at least for the last couple of years, as more than half full. and now i think we're kind of coming more pragmatic. so i don't think apple is a screaming buy here i think it's a terrific company that's finally feeling some of the effects that some of the other companies have already felt >> let me just finish this -- >> sure, sure, go ahead. >> it's important that a

i google, amazon, microsoft, and apple. they all assure us that they're not listening in on phone calls or using our phones microphone to spy on us while we're cooking and then sending us ads for a frying pan. for example. technically, this would be possible though, but let's assume that the companies really are speaking the truth. how can we still be so perfectly targeted with ads? companies like meta and google make money through advertisements. personal as odds are especially effective at the more the companies know, the better they can target you. instagram's parents, company meta saves information that users leave when they use the up. that includes everything you share with other users voluntarily, like photos, comments and links with the apple. so stores meta data from photos and videos that you upload, like where it was shot, and what it to picks. if you're constantly logged into instagram, facebook on your phone, you're also sharing your location as instagram, facebook, and what's up all register. where when the at

tracy: and how about apple? one of the competition problems you see there and how does it relate to the bigger theme you were bringing up? rep. buck: in apple i give a couple of examples of how they acted in china, but i think apple -- and there was an app, hk.map, which was a map or app that protesters in china to identify where the police were so they could go someplace else and protests. and the chinese government told apple to take the apps off and they took the apple off. they told them to take the bible caps off and the took the app off. i told him to take the car run -- koran app off and they did. it is obvious the chinese communist party is able to influence speech through apple's app store. what we saw with a partner after the january 6 riots at the u.s. capitol, we saw that apple was the first to move and took parler off of its app store. some of the rioters were using facebook and twitter. twitter and facebook did not suffer any of the repercussions parler suffered. amazon web services acted also to t

so look for apple beyond iphones if you think about '23 one is gross margins all of the semiconductorly perspective has to be a gain for someone. i think apple will be the big beneficiaries from gross margins that supply chains normalize, and the second one is new product launches this is the year that we talked about it that you get a new ar/vr. there tends to be a lot of positivity around new product launches when it comes to apple. >> and also a long history thinking that new products were going to be kind of irrelevant and then like airpods, they become kind of a big business at some point down the road so we'll see how that goes. amit, thank you very much. a great. >> thank you. >> travelers, one of the biggest drags on the dow after pre-announcing weaker than expected fourth-quarter results due to catastrophic losses from winter storms and weakness in auto insurance contessa brewer joins us with more details thanks, contessa >> the winter storms took a really brutal toll on buffalo and other u.s. cities, but especially for travelers it's the bottom line here they pre-announced c

talk to me about apple.an: higher because of positive nudes and apple's mix reality headset that could be announced as soon as this spring according to one of the top headsets and the oculus headsets and virtual reality and this could be a mixed reality headset doing ar and apple only releases devices when they're 100% perfect and i wouldn't be holding my breath on this. bloomburg said we'll get a headset sometime this year, i'm not 100% sure and morgan stanley reiterating their call to buy the stock. saying 150, 120 is near term floor and stock back up to 175. stuart: bed bath and beyond. susan: retailers and bath on the brink of bankruptcy seizure bankruptcy in the nextfew weekse running out of cash and 30-year lows for the stock so 20% coupons you get in the mail for your bars of soap is not working. now costco -- stuart: they're the exact opposite. susan: yeah, one of the biggest gainers because stu goes. fantastic holiday sales period, $23 billion+ and highest sales in six months. impressive. stuart: gr

also they have the content, apple tv plus, also negotiations with long time apple collaborate or bobey, of course and so it's going to start at 3,000. you have a nextgen, second generation headset already in the mix apparently in production , that'll cost $1,500. stuart: it's a wonderful story. i'm very interested but i just don't see loads of people walking around with those goggles on like this. i just don't see it. >> if you add it to the crime story like in the big cities, try walking down the street with a $3,000 pair of glasses on. see what it does then. >> but also back in the 1980s when you were using bricks to make phone calls you didn't think that you'd have a 5g- enabled computer in your pockets either so times change. things will evolve throughout the time. it's $100 billion total address able market by the end of this decade, tam, in case you want to know what the acronym is and some say if someone's going to overtake in this category, it will be apple over meta which is spending hundreds of billions of dollars as you know. stuart: if anybody says anything bad about an a

resistance last year, apple was better off than its peers. down 27% and meta on the other end of the spectrum, down 64%. now, apple appeared to be immune to a fall in demand that its peers saw in pcs and phones, so uncertainty, kelly, that's all that's left right now. apple told investors in november, iphone demand was still strong the question now is will that demand hold up this month and throughout the march quarter will apple be able to pick up the slack in iphone sales like you just said? it all comes down to china, kelly. china's new covid policy put its workers at risk of getting sick. instead of lockdowns, we may see people get too sick to work. we saw thatwith tesla already, shutting down its factory in shanghai earlier than expected, because of sick workers. now, look, we have to wait a few more weeks, kelly, when apple reports its fiscal q1 earnings that was the december quarter. was it worse than feared and what guidance will we get for the current march quarter? i know i say this every quarter, but this will be one of the most im

so it was telegraphed just a bit, but it looks like apple -- and our sources are telling us apple haslly hard on that 5g modem chip. he was failed so far. they have not been able to make it work just yet. so who employees if by 2025 they are still suck, maybe christian know gets the call from tim cook and says, yeah, you got any inventory will? virgin orbit's first u.k. launch failed to reach orbit. the mission yesterday was supposed to carry commercial and government satellites from several nations into space via air launch but suffered a tech issue that prevented it from reaching orbit. the stock is down 76% over the past year, it's off the lows of today's session which was earlier, as you can see on the left-hand part of that lower chart. but right now still down about 11.5%. shares of oak street health looking robust after bloomberg reported that cvs health is exploring an acquisition of the company which owns primary care facilities for medicare patients. the drugstore operator may purchase oak street for more than $10 billion. oak street is up 26%. we've got cvs down just about

google took it over to apple continues to fight., in japan, cupercia was negotiated with the local regulator for some applications. still, they added an option to third-party payments , a european example of an antitrust regulator appeared. the netherlands demanded from the apple company to allow accepting payments bypassing the official appstore dating app. well, there the idea is that they, in principle, exist only in the mobile version and there are no alternatives to this side, and there is an opinion that if one european regulator succeeds, then his way he can go and others, but this confrontation began with everything that saw and epigis against apple developers with a popular reform. he himself added the possibility of a second non- payment in his application. for which he was immediately banned. that's interesting, the us court first, too, demanded that apple introduce financial competition in the ecosystem, but then as part of the epilation. this decision is frozen, but the main thing is that all these numerous proceedings

here it must be said that rumors about the via helmet from apple have been circulating for a long timeppearance. could be a very big deal for the entire industry from the latest leaks and renders that again surfaced just the other day the headset itself will look roughly. that's how to support both virtual and full reality. this will be a stand-alone device powered by a belt battery in terms of specifications, but, as expected, apple should surpass or at least not concede to the market leader from the original ones. people who honestly have a hard time believing an external display on which you can sort of put a person's face to look in this headset is not so wild is getting stronger than apple 3,000 dollars. however, that’s all. it’s more interesting than the details that apple is famous for its ability to turn ideas into business, smartphones, tablets, smart watches for replayers and others existed even before iphones with ipads, but it was the iphone sapedami created, understandable to users. the scenario for the use of these devices and, accordingly, the mass audience and the inter

spotify, 30% surcharge on its app store just because spotify competes with apple music apple can't charge and can't discriminate for against apps that are competitive with any of their products it would say to amazon and restrict amazon from finding a product that is selling well on the amazon platform. amazon then goes out and replicate the product and sells that product and benefits its product by putting it at the top of the search and putting the product that they have entered into a contract with to sell on their platform and putting that product on page two or three of the search. so they you can't discriminate once you have a monopoly platform like these four companies have, you can't against the other products that are on your platform and that second bill that you mentioned was one that last year, 2022 was, you know, at least at the forefront of a lot of these debates on capitol hill. and i gather that you were writing the book while that was still being debated year. we got to the end of the year and it didn't pass. what happened? well, it passed the the house judiciary committe

broadcom 20% revenue exposure to apple so that's big.be not common household names, qorvo, lumentum, they make the face i.d. scanner in the front all of these companies, sony, samsung, sharp, they all have significant revenue exposure one thing to watch for is apple thinks they can start bringing more of these components in house, these are the names to watch as these reports to be clear, there are no reports that many of these are locked in. >> where are these houses? does apple have huge big chip fabs i don't know. >> there's a difference between where they're fabbed and made. qualcomm's backyard, they bought intel's old modem business for a billion bucks. moved to san diego, we're tired of paying qualcomm a few bucks for every iphone we sell they're going to do it in house. now it sounds like that report we gotlast week saying they're going to do the same thing with wi-fi chips. >> does it make it easier for them to poach the talent >> absolutely. speaking of talent, we've got a lot of headlines about these other tech giants laying of