despite launching a new apple watch, a new apple watch ultra, new air pods that shows that apple is not fully immune, but you have to remember, there's 1.2 billion people in this world that own an iphone i would call that technology that largely controls their world. that to me is a staple i'd argue the ipad and the mac are a level below that so, are they fully immune? no are they more immune than others yes. one data point, in calendar '22, apple revenue grew roughly 4% year over year the rest of my consumer hardware coverage, the median revenue declined 6%. to me that shows apple is more immune than the large majority of the consumer hardware universe >> what about speculation around hardware subscription service? i want to make sure that i read this correctly in the note do you think that that could really unlock an additional trillion dollars in potential market cap for already what is the largest company by market cap? >> i'm happy you asked me. that's what gets me excited as an apple analyst today remember, maybe five years back, apple was viewed as a cyclical hardware company i t

uh, it is precisely by sugar content that an apple enters inspection table, where the apple is sortedved, the brush drum machine is washed and it enters the crushing stage, it is crushed and passes through the press. a-and after the press comes a tanker for collecting juices, in which 500 liters. here comes the accumulation. juice and immediately to the bottling line through the pasteurizer is the essence of our technology, this is gentle sterilization. i propose to try our juice class sock without additives without preservatives without adding water without adding sugar, that is, it only contains bark of natural origin very tasty, by the way, the agro-town-vossovka annually holds a juice festival, the participants make animal figures from apples, try to cut the longest peel from an apple, and the winner receives 30 liters of straight-pressed juice. i came to the gym to the charming girls of the local football team. see. what beautiful girls? hello girls. let's get acquainted. what is the name of your team football nickname? we have, uh, girls who play well. well, we all play well and

apple runs a tiuht not to be good. apple runs a tight ship- — not to be good.e runs a tight ship. i don't think- not to be good. apple runs a tight ship. i don't think you i tight ship. i don't think you can rule that out in any tech company but we have seen in the other big tech companies like alphabet, google, the skies at hammers and also matter, we have seen a job cuts over the last few quarters and all companies need to be very, very careful with cost control —— meta. but apple does it well in this market. they set an amazing milestone of 2 billion active devices and i know that is devices, not active users, so 2 billion of those in the marketplace now. that is a staggering position to help. yeah, and i believe that is twice the number of active devices that they had seven years ago, so thatjust explains them goes to the scale of the business. interestingly, i see that they did not provide any forward guidance, did they, about what is going to happen next? they did not do this for a while because of the pandemic. how long is that going to wash with you guy

commentary about the relationships with apple and samsung will be important, apple finding it difficultips and samsung will help drive growth in coming quarters as qualcomm has won the business in flagship devices we'll have to see if qualcomm's segment weathers the slow down >> so many cross currents in chips right now as we all know one more check on meta before we go bofa said the last time they mentioned efficiency was late 2014 and they went on to outperform the s&p by 60% the following year we'll see if history continues to the judge >>> thank you very much. welcome to "the halftime report." i'm scott wapner the countdown of the biggest earnings night of the season, apple, amazon and alphabet all reporting along with some other big names, too we debate what all of it means to the tech trade running again thanks to that meta blow-out super investors brad gerstner joining me and the committee joining me for the hour, brynn talkington, rob sechan, steve weiss and josh brown it's a nasdaq kind of day today. look at

what is the area of ​​​​apple plantations we have 143 hectares of fruit-bearing apple orchard, and inies of apples of the belarusian selection of the russian federation of western selection, but this variety is ligl. now it’s already removable maturity for you and we collect it, and the color is already e, inherent in this variety and the marketability of such an apple for harvesting. everything is removed carefully so that the stalk remains on the apples, unharmed also neatly falls into the tara, which means the picker and is laid out in a container for further transportation to the fruit storage in order to harvest this crop in time. we need to collect more than 100 tons daily. we collect 120 sometimes days even up to 150 t it works on average from 130 to 160 people. long conversations talk about the harvest, losing ripe fragrant apples, and asking themselves to be handed. taking. bucket, i started collecting them. listen, i just remembered my childhood, then you climb trees and pick apples. these are right, you know, the most delicious ones are obtained then, but here it’s good. he

apple is now positive. what is remarkable is apple is up 16% just going into the earnings, already a little pricey you think with the disappointment, particularly around china, it would be down today, but it's not. apple is up almost 20% this year, that is a remarkable run even speculative tech stocks is up double digits and you think it would be down today. flat to down coin base was slightly up throughout the day, up 30% this yeek roku is up about 15% this week everything else, double digit gains for the week, even flat to slightly down today. i wanted to show you how powerful this rally is the s&p 500 is off to its best start from january to parts of february since the 1920s it's the fifth best start since the 1920s, up 9% you have to go back all those years to see up double digits here the good news on earnings, revenues are still growing because they have pricing power. earnings down 2.7% and they're continuing to come down this is the big story. take a look at the rest of the year q1, q2, they keep lo

apple down for percent. it's a mess over all in terms of the top line but put nuclear -- particular weakness in iphone, mac, and wearables. let's bring in the principal analyst at forrester. deep weakness in the holiday quarter of arrival perhaps because products were not released until the new year. what was your take away from the print? >> i am not a financial analyst but expectation is that sales would be nowhere. we have 71% of consumers today in the u.s. concerned about the general state of the economy. the numbers are higher in europe. 38% of consumers are cutting back spending on nonessential goods. while we did have a holiday forecast up in the u.s. 6.1% in 2022, or 2021, a lot was still fueled by inflation. saving rates are down and there are a lot of economic concerns consumers have today. that is one factor impacting the near term. >> talk to us about whether this is a focus on services that will eventually bear fruit overall in that respect. despite some of the misses we are seeing compared to a

that is something that apple needs to consider. they had supply issues in the fourth quarter can they make up some of the losses in the first quarter now supply has normalized? >> ben, just to round up the discussion, i think this earnings season is telling because it feels these tech stocks for so long have been untouched by the market are going through a period of reckoning. cost efficiencies and keeping expenses under control and head count reduction, et cetera does this make you less bullish going forward or does it tell you management has it under control and they are on the right path >> i think we are entering a period of realism among growth everybody has to take a tight rein on costs. i think apple's challenge is despite the company riding high and consistently delivering is not immune from the broader macroeconomics and geopolitical shocks for apple in particular, the covid situation in china really hit them hard. it wasn't just that. there were the other elements like broader macroeconomics challenges and loss of confide

apple dropping 2%. trading below its 200-day moving average amazon also down, falling nearly 2.5% it's now trading half a percent under its 50-day moving average. will these tech titans keep going lower? let's bring in the chart master carter worth to find out. >> what we know about apple of course is it bottomed after the market the s&p low is mid october, and apple is lagging, underperforming and then bottoms in the first day of january. now it's rally off the low was more robust than the s&p, and yet all it was was a ricochet. i think apple is not something to be in right now, and frankly it doesn't have a lot of opportunity to downside. sometimes an asset is fair priced i would call this a pair of 2s don't be long, don't be short. look for something that's more timely, more interesting, more dangerous. this is a dull duck. >> is amazon >> yeah, more dangerous. just consider this -- how many stocks are basically at or very near their covid lows? not many. >> not too many. >> the s&p is up 80% off its

give me your top three picks. >> if you look at apple the ou -- if you look at apple, they have have 2 billion active devices. yes, they will go through cycles where replacement length eens on products they have not tapped into the services business which hit a record level in the quarter. if you look at alphabet and amazon, it will spend most of 2023 materially reducing the cost space and come out in 2024 in a better position. >> certainly a lot to watch when it comes to mega cap richard, thanks for being here >> thanks. >>> just three hours away from the release of the january jobs report impact of the layoffs is uncertain. the job cuts have an uptick in employees who want to come back to the office and work robert frank joins us now with more robert, how big of a jump are we talking? >> frank, this is a meaningful milestone. half of the nation's office workers are back in the office on the average weekday office use for the ten biggest cities hit 50.4% last week the first time that it passed the magic 50% mark since the pandemic there are big differences. austin, texas is at the t

apple -- we know it's saved lives.iple reports that apple watches have saved lives because of the sensor in the apple watch. but now live corps says they've been cut out of the production process, cut away from apple, basically. they're suing. they've gone to the biden administration. where is this going to land? do you think this could be a big problem for apple if a decision does not go their way? >> obviously, there's a lot of potential conflict with intellectual properties across the product lines. we've seen disputes over the years. i'm not sure this is going to be a big impact. i think it can be settled out of court in the worst case. i think somebody's gotten, felt they got a bad deal, but, you know, there's -- they've gotten sued by samsung back in the years and years ago, they got -- they were in ip suits with qualcomm for years. i'm not very worried about this one. cheryl: what about the foldable phone? seeking -- speaking of samsung, because apple reportedly has been working and has been for a long time, on

look at apple. they said there are two things they are hitting, supply chain can string in the macro economic environment. the environment is a euphemism for demand. that's a question we are asking, how much is lack of supply and how much lack of demand? there is more lack of demand and the companies are willing to admit. francine: if you do cost cuts you do well? alex: it's a buyback pivot. are they pivoting away from being growth stocks? cost cuts are evidence of that they're not just growing in cost cuts are becoming more important. francine: thank you alex webb. the ecb says markets should expect another half point hike next month after the bank being when governor says a u.k. has a long way to go in the fight against inflation. joining us now is the head of equity strategies at ubs global wealth management, claudia panseri. when you look at what we heard from central banks are we near the end of the hiking cycle? claudia: the morning, francine. thank you for having meet. i think we are close to

we're showing a chart of apple apple at the lows at the closing bell down 5% and closed up a percent. tim, you say this is the greatest trade event of all time you're at the tell strait ear -- tell straiter. >> 12 moves peak to trough you have a move here, a move here, you have this move, this move, this move, this move, and this move. some of these moves are 18% the 20%. i want to talk tonight you about some of the key parts of this. the hypothesis is what it is, but the theory is volatility is your friend. it's created opportunities to trade this market. but again, if we're back here, this to me is kind of like the begin of peak fed. these june lows were right about there. despite the fact that the fed has still not peaked we've priced in what the markets priced this is peak inflation, that october 13 cpi since that point, the market rallied 20% from that point. it's been runaway once we knew we had a peak in inflation i think we're going to have some of that. excuse me. can't draw a line with a circle. to the penny, sell off this is a case where traders are trading volatility, and

are you excited about apples vr headset?rag: from our side, i want to see an application that can be used on the phone. the headset is going to be very good in terms of a publicity and how it can showcase the things apple can do. financially it will not have a big impact because these things do not, dependent on how -- on how dependent apple is on the iphone. the ecosystem is largest in augmented reality. ed: anurag rana, always good to catch up. coming up. google readies its chatgpt competitor. how fast is too fast? we will discuss this with ai expert, david leslie. this is bloomberg. ♪ - [announcer] imagine having fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalized to match your own natural hair color and texture, so they'll blend right in for a natural, effortless look. call in the next five minutes and when you buy 500 strands, you get 500 strands

why do you think that will be a big thing for apple? they haven't officially teased anything like that >> no, not for 2023, but for 2024, a foldable phone would be a new form factor. the slate kind of candy bar phone we've had from apple has been around for a long time. the foldable phone for gamers and people who want to view two different screens at one time will be a big uptick in 2024 we're talking about 2023 today for 2024 that will be more important. as we progress, we'll talk in the months ahead, people will start to hear about the supply chain testing of a foldable phone and we think it will be big. >> what about apple as a services direct-to-consumer platform what is it doing, for instance, on the media strategy? >> they are doing very well with advertising. they've had some hiccups or some clampdowns on what information they will track and allow their advertisers to give them but when we think about to the consumer, going into your house and taking a picture of your kitchen and doing the remodel through ar and vr is going to b

apple comes out of the joe t apple also comes out of joe. >> everyone who participates on this show has a different strategy i respect everyone's individual strategy >> right >> understand my background, you know it well it's root ed working with mark fisher in the commodities exchange i'm a student of momentum and the endeavor for introducing this product was for i wanted my performance to be active and live i wanted to take momentum and improve upon the strategy within the market and i'm going to eat my own cooking. so, yes, i'm going to move out of a personal holding if the strategy is going to dictate doing that i think that's exactly what you should be doing. you did it way better than me back in the day running a fund and you know you have to have the confidence in what the investment methodology is doing. it's reflected in your own holdings >> overall you have a modest increase in your exposure to financials and, by the way, you have several moves and many of them are really interesting. we're going to sprinkle them throughout this hour i want you to stay with us, and we're going

but after hours amazon is down, alphabet is down, apple is down. so is the rally about to hit the wall >>> plus, meta's monster move. a 23% surge higher on the back of yesterday's earnings. the stock now up an eye-popping 118% from the november bottom. is it time to take the money and run? we'll ask the chart master >>> and later, one of traders ready to say i was wrong the market mea culpa and the path forward coming up i'm melissa lee. we're live on the desk, karen finerman, dan nathan, and guy adami. we start off with a big night of earnings apple, amazon, alphabet, starbucks. all on the move, and all these results. deirdra is dialed in and pippa stevens all over starbucks. we start off with steve kovach, who has the latest results from apple. steve? >> hey there, mel. yeah, we already know about that miss on the top and bottom line. i want to talk about these separate product categories at apple. i think it really gives us a read into consumer demand, which i'm expecting tim cook and luka to talk about more on the call which just kicked off. by

sent apples.at the main character said what i saw only in the pictures, that is, i never tried them, and below in a thick cotton wrapper. i found three red apples. previously, i saw apples only in pictures, but i guessed that they were the correct answer to this question. apples go to the sixth question, this is a musical instrument b architectural elements of the armed forces in the grand duchy of lithuania.

the biggie, apple, at the bottom of hour.uestions swirl as a supply problem turned into a demand

this is apples big showcase. summer, late spring where they introduce their nets platforms. so it makes sense to showcase this device there too. ed: i get the marketing decision but is that what drove it? did they say let's wait for the big splash? or was it not ready? why have you found out? >> i am sure it was a blend of both. apple is a very marketing driven companies so i matured that had a big role to play. but this was mostly an engineering based decision. there were quite a few of issues related to hardware and software with the device. if they introduced it in april, they probably would have to push back the release by a couple of months. ed: pivoting to services, you had another story about apple's strategy when it comes to buy now pay later and it is changing how it makes decisions on basically lending to the consumer. >> apple will be doing lending for the first time. they will be given out loans up to $1000 for buy now, pay later. what apple will be doing is using the data and history they have an ind

is apple the going -- is apple the going away absolutely not is it a massive opportunity now?'t think so >> quickly how much is the china concern weighing on outlook for apple? >> they are taking the right steps. they are trying to build parallel supply chains outside of china, but still in the asian region they are doing what they can they are one of the most impacted by the issues coming out of china that doesn't go away soon. >> sarah kuntz, thank you. >>> coming up, the read on deere as we await release on earnings. investors dig deeper in the industrial sector after the red-hot run. >>> as we head to break, the top trending stories they're not loving it. tiktok blasting the mcdonald's a.i. powered drive-thru. they messed up my order. they billed customers insurance cor -- incorrectly. one woman got eight sweet teas and instead of one coke. and instead of one order, they got 28 orders. >>> some shoppers in kentucky got a bargain on eggs. one walmart in lexington selling 18-count carton of eggs for $2 the theory for the low prices is the eggs are in fresh condition and not

. >> yeah, but so is mom and apple pie.ean, those are also good goals but they're not practical. all kinds of countries, france, germany, belgium, all put in wealth taxes and have all reversed them because they don't work and they don't produce the kind of results -- if we had that kind of tax like biden is suggesting, that would change the way people invest and the way they thought about it. and certainly if somebody was levying 20% on unrealized gains, i would have a very different view of unrealized gains the great fortunes in our country have been the result of unrealized gains if bill gates had to pay taxes at the end of every year on the appreciation of microsoft stock without it getting cash, that would modify his behavior dramatically the same thing with everybody else who has been successful i think the politics of envy are very negative and very negative for our society. the reason the up states has been so powerful and so successful is we've avoided the politics of envy which europe has not done and the results i

whatsapp >> is apple encrypted? i feel the privacy effort was to do that.rk. >> it is not -- >>> now to the story that is rocking india and the global financial markets. adani group's total losses have topped $100 billion in the past week it comes after the short seller h hindenberg research called it the largest con in corporate history. adani evnterprises dropped to th lowest level in months they canceled the stock sale of $200 billion the founder is no longer the richest person in asia slipped to 16 from 3rd last week amazing he can be 16 and lost the money. he issued a video to shareholders he pulled the share sale because it would be immoral to go ahead with so many questions about the com company. they are trying to address these things they issued a report didn't answer all of the questions that hindenberg raised it is a lengthy report >> a shocking story. unbelievable what hindenberg has been able to do. >> the collateral damage in india. down 9% since the december peak. all conglomerates trading sharply lower. >> i want to know the short position a

i own apple, but i'm largely flat on apple and have been since 161. i was with the 125 on am i don't want to own this thing until at least 125, and i think it's going to go lower you can trade it and pick your horses to trade around i would rather trade the qs. and again, if anything, i think things look a little bit stretched. but my general view is market -- >> apple's a large portion of the overall market, so it make it tough for the market to grow with that. i'm less pessimistic mainly because they have so much cash on hand. when you add that cash is finally getting some interest, that actually does help something like an apple, which is better than other tech companies. short-term there might be move down, but when i say i'm not investing in tech, apple i'm okay with more than the others. >> we've got a market flash on sigma lithium, jumping after hours on a report that tesla is weighing a bid for the company kw according to bloomberg any considerations are in the early stages we just heard about general motors making a investment in lithium amer

no detailed outlook from apple. many analysts who followed apple for years were really surprised.is a company viewed as very resilient. they got somehow apple would be able to navigate all of -- they got somehow apple would be able to navigate all of the headwinds. like the rest of the tech universe they have really taken a hit. it would be interesting to see how the market reacts in the u.s. open on friday. yvonne: a hit to amazon and alphabet after hours. slow growth. su: slow growth and cost-cutting are really a major theme for all of these big tech companies. for amazon, we know they had massive layoffs already to reduce tightening. they had a very mixed results, tempered the feel-good period that existed for amazon saying the consumer remains -- consumer demand remains soft and sales are really showing that. holiday sales were up, 9%, 149 billion for e-commerce. online sales were down, the core business of selling goods in north america fell for the fifth straight quarter. most importantly, on the aws, the cloud computing service amazon web services, that is a cash cow for th

it's apple, and it's your sweater. the big four >> big four.et's get to the first three >> well, actually, you know, to your point, david, i don't know if you saw yesterday, the percentage of retail trading orders as the percentage of volume are now back above the meme mania >> wow >> it's -- that's an amazing -- >> that goes to some of these moves, whether it's meta or peloton or carvana or coin or way fair or doordash or tesla. >> peloton is real take back peloton. don't goad me like this. i'm in miami it's 77 and beautiful. barry mccarthy was on our air, david. you may have been taking a smoking break. >> i'm aware that you interviewed barry mccarthy the other day at 10:30 i was listening to every word of it it was a get it was quite a get >> please don't put that company, which is really -- >> we got to get to the big three now and see how they're doing. >> okay. >> let's do it >> you've kind of touched on apple, jim, but there is this feeling or this sentiment that you spoke to tim cook, i think about operating and gross margins may be get

i will start off with apple numbers. we were talking to daniel and just the last hour saying he is still bullish on this but he says apple in particular can improve with the reopening of china. what did at the data that we have show us about that story? >> the data and commentary, tim cook literally said on the call that when china did start to reopen, they started to see demand. he also said had it not been for the supply chain constraints experienced, china is the principal site of assembly for pro models of the iphone 14, cook said they would have seen growth in the iphone segment. they missed the top line overall , but also in key segments like the iphone, which is interesting. you can get some word looking -- forward looking guidance on that from qualcomm. in their call they were talking about softness and the handset marking carrying on for the first half of this year. otherwise, it is all about apple managing its supply chain, costs , but ultimately they missed across most of their segments in what is a challengin

so this is the -- i really don't worry about apple.14 pro, which is really the issue people couldn't get, has been well telegraphed so i think that will come in and deliver. it will be like a microsoft. yeah, maybe we see weakness. i don't think you'll get the full effect of china reopening, because that opened right as the quarter ended. but that could bode well into q2 so i'm not worried about it. tim cook, how can you count him out? >> i hear you. certainly from an execution standpoint but the macro, rob, is the macro, right they're expected to post their first revenue decline in four years. it gives you an idea of the challenges, whether it's china, has that morphed into a demand problem because of the macro will they simply pull forward the demand into the march quarter, what they missed out before all of these things need to be answered to justify, the stock is back at what, 156 rob, answer that for me. >> yeah, and it's all about execution, right we own it, it's a long-term holding. we're underweight, and we're not adding to it

el me about apple.and he old me that there are -- told me there are three reasons for the profit miss, the global slowdown which is making the u.s. dollar stronger and the china production snags which they prewarned in december. now, you also heard apple talk about reacceleration in the iphone sales for quarter. higher sales growth than last year. and that's why the stock actually turned flat during that earnings call. i also asked tim the about possible layoffs as apple is the only big silicon valley giant that hasn't announced a big round of layoffs. he says that in many areas in the company we are not hiring at all. and then in engineering we continue to the hire some, but everybody is being very prudent. that means there are no big rounds of layoffs just yet. they have a lot of cash still on the balance sheet, and when you rook at apple making -- look at apple making 43% margins, 43% margins on everything they sell, to me, that doesn't indicate a slowdown in the consumer at all. stuart: that's ooh e

david: so, at the time, he was not at apple, but he rejoined apple. laurene: he was at next.avid: next. so when he rejoined apple, did you tell him it was a good idea to rejoin the company he had been at before? because usually when you go to back to the previous place of employment, it doesn't always work out. laurene: we had a very long talk about it, because it was the first time that, in probably -- certainly in our married life, that we had a bit of a reprieve. and he was a little torn about going back into a company, of course, that he was deeply devoted to and loved, but also, he knew that they were not in good shape. and he knew deeply what it was going to take in order to turn things around. and that meant a lot of time away from family. david: so the company became, after steve went back, the most valuable company in the world. and steve helped to invent this little product that is the greatest consumer product, i guess, of all time, the iphone. the most valuable, probably. so, did he come home one day say, guess what, i got this iphone, it is going to be the greate

apple is positive. alphabet has been trying to make it amazon has clawed back a lot of the downside the nasdaq is on track for its longest weekly winning streak since november of 2021 all of that on the back of results that, let's face it, weren't all that great. >> yeah. well, let's start with apple, dee. iphone revenues falling as they continue to face supply chain issues in china, but a ceo tim cook pointed out to our steve kovach, it actually came in below operating expenses for the december quarter then there's amazon, they saw misses on the top and bottom lines, including a miss for aws. but surge in ad business, 19% year over year alphabet, google, being hit hard on that front, missing on ad numbers across the board but they are talking about their long-term ai bets rather than talk too much about that, mentioning ai more than 50 times on the earnings call nearly twice as often as microsoft following its open ai investment and at the end of the day, despite average falling price targets, all thre

what should people do with apple here >> sure. you always have to remember when you're talking to me, i'm looking out three to five years. so what i'm hearing from the analysts is they're playing the game, how low can we go? because this has been a catastrophic sort of quarter i'll take the opposite on that trade. what if -- what if something -- what if they exceed their low earnings and i think that's a likelihood here with apple being a grownup in the world of managing the analysts so i think that they will be able to report a good report, not a great report looking forward, do you want to own anal do you think that they do you think they're going to create new products we never wanted or needed yes, that is what their magic sauce is, and i would say if there is a dip in apple, take a bite >> i only wonder how much of this is priced in. 25 times for apple, when this multiple -- i think it was well below 20 just a couple of months ago, and there is this argument over what a normalized pe should be in other words, if you say that

of apple and its outlook this ear? �* , , ., ., 4' of apple and its outlook this ear? ., year? apple took a big hit from andemic year? apple took a big hit from pandemic disruptions _ year? apple took a big hit from pandemic disruptions in - year? apple took a big hit from pandemic disruptions in china | pandemic disruptions in china in the last quarter. sales were down 5%. sales for iphone dropped the first time in 2020, whether the pandemic began. you will remember foxxcon's factory produces more inaudible models. last thursday apple said will continue to fall in the current quarter but crucially it said that iphone sales are recovering as production returns to normal in china and the country continues to open up the country continues to open up so indeed, the performance of these two companies very much tied together and both apple and foxxcon will get a boost from china opening up. thank you for the latest on foxxcon. stay with us on bbc news, still to come: who are the digital nomads? people who can work from anywhere find it's not as easy as it sounds. there's mr

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

maybe they're over apple ios privacy changes. they're losing a ton of money on virtual reality, spending $14 billion. they say they're not changing course. that does bode well, at least met at that's results bodes well for four trillion dollar in market cap for tech results including biggest of them all, apple. we're expecting the first sales decline in four years with the china lockdowns, hurting production. apple prewarning but does that pull demand into this quarter instead? supply is the issue, demand is there. can they make enough of high-end iphones to get them in the hands? remember apple is the only silicon valley tech giant that has not layed off workers. they added head count at a much slower rate. i will speak to management. bring the results to you tomorrow. amazon, slowest revenue growth in decades. costs will be key. they cut 18,000 jobs. alphabet, google, old days, will likely say ad revenues slowed just like meta. neil, will google cloud grow enough to make up for the slowdown in apple advertising revenue? i will

it has to be the apple. was the apple. it was apple. it was the apple. it was apple. okay. yeah, it applies if it's a green apple and then if did she an apple. it's a green apple and then if did she an apple . she ate some did she an apple. she ate some kind of apple . what's the thing kind of apple. what's the thing about apples then. yeah well, as you can tell, we're scientists here grips with here really got to grips with this newton wondered why this story. newton wondered why the fell down instead of the apple fell down instead of sideways or up that, you know, give birth to the formulation , give birth to the formulation, the weak force gravity. i'm going to step in and say that we do not know about enough this subject and we're going to move on you know, think on now about you know, i think that's i think that's that's very wise. i think that's the to it. so anyway the way to do it. so anyway let's now. we're going to let's move now. we're going to have another quick break now to recover that. but joining recover from that. but joining for, section i'm for, us

it has to be the apple. was the apple. it was apple. it was the apple. it was apple. okay. yeah, it applies if it's a green apple and then if did she an apple. it's a green apple and then if did she an apple . she ate some did she an apple. she ate some kind of apple . what's the thing kind of apple. what's the thing about apples then. yeah well, as you can tell, we're scientists here to grips with here really got to grips with this newton wondered why this story. newton wondered why the fell down instead of the apple fell down instead of sideways or up that, you know, give birth to the formulation , give birth to the formulation, the weak force gravity. i'm going to step in and say that we do not know about enough this subject and we're going to move on you know, think on now about you know, i think that's i think that's that's very wise. i think that's the to it. so anyway the way to do it. so anyway let's now. we're going to let's move now. we're going to have another quick break now to recover that. but joining recover from that. but joining for, section i'm for,

given that, should we have seen apple's revenue drop coming? aggi: we will have to tell manus that that was the take away. it was the earnings. when it comes to apple, it is something that we should have seen coming. we've seen that they've said now that they are not immune to the economic headwinds that we are seeing across the market. to look at apple specifically, we are seeing a company that has had to already point out that they've been having real issues especially when it comes to supply chains and their reliance on china within that supply chain. essentially, without being able to bring products to market in the u.s. and in europe for their consumers ahead of the holiday season, they saw a significant drop in revenues for a quarter that is incredibly crucial to the company as people buy their products over the christmas holiday time. dani: talk to me about the two other starting tech names. alphabet and amazon also crushed after hours. what happened with those earnings? aggi: the big takeaway with both of these companies is that they've