topic, and apple had a.i. embedded in things like siri, and perhaps there's a time to show there's more to it >> yeah, it's called a flex the muscles moment for this company. how about you, what are you expecting today? >> i think today will be equally interesting, not just for the winner, which will be apple once again, but for who the losers might be intel is down 3% on the day. why? the head set is most likely to have apple's very own m2 chip, which will have 16 mega bites of memory and it combines cpu with gpu, and that's what is going to be powering the 4k displays on either side of the goggle. very important the second thing can you imagine if after all the time and money invested at meta that apple comes along and is the first company to introduce something that is the road map to a more widespread mainstream virtual reality product, a set of goggles people want to be seen in. this is not expected to be like the watch in 2015, where it's $300, entry level. there are rumors about this. it's like a $3,000

shares in apple was u . technology. shares in apple was u- b technology.s in apple was up by about _ technology. shares in apple was up by about 2% _ technology. shares in apple was up by about 296 earlier— technology. shares in apple was up by about 296 earlier in - up by about 2% earlier in response to that launch an earlier i spoke to someone who dealt with the reason why she thinks it might be some time before this device goes mainstream. it before this device goes mainstream.— before this device goes mainstream. , , mainstream. it is definitely the “aw mainstream. it is definitely the jaw dropping 3500 us i the jaw dropping 3500 us dollar price tag which will be a big question of whether consumers will adopt this or not. we have seen this is not out of line, if you look at enterprise use cases, particularly augmented reality headsets, as apple has introduced the vision pro, but as we look at the consumer market it is definitely a steep price. but what works for apple is in the past they have redefined existing hardcore —— existing technologies. it has

right now it's meta versus apple. meta had the advantage, but apple is saying we have the premium content. we have bob iger on stage. last week there was a video game demo from meta it wasn't as impressive as we saw here that's withat we're seeing. >> look at the bottom of the screen here. $3,499, $3,500 early 2024 is when you'll get availability $3,500, your first reaction? >> that's a lot. meta's is $1,000 we heard 2 to $4,000 $3,500 is not cheap. it's more expensive than macbook. this is not something you'll use all day every day like your phone or your macbook. it's going to be a tough sell for a lot of people. it's definitely going to be catered towards enthusiasts and people who want to try it now and get ahead of things. you can bet there will be cheaper versions. >> we didn't get much on ai. >> no. >> that was a big question going in what if anything would tim cooke unveil about apple's plans for ai he left us with something big, but not that. >> this was very much focussed on ai. the only thing that touched o

apple announcing mac pro with apple silicon. that's the last model in the lineup to ditch intel chips for apple's own homegrown design so the transition off of intel from apple is now complete it was basically complete before because the mac pro is very low volume, but this is a very significant moment for apple's ecosystem where they can now say to developers, they have completed that transition remarkably smoothly with share gains as we mentioned in the show with the mac. >>> coming up, should the fed hike, pause or pivot that is the question everyone's asking after friday's strong jobs report. we'll look at what the market is pricing in and how investors should position it plus, we are watching all of the updates as i mentioned, just now coming out of apple's worldwide developer conference and we'll bring you the latest headlines with the stock up 50% from the recent low "the exchange" is back right after this ts hexcng ocn >>hi"t ehae"n bc is it possible to protect my business from cyber threats? it is, with comcast business

apple is at a record high. you still have the s&p 500 flirting with a bull market, but still below its own record high. if you rewind back to the very start of 2022, both apple and the s&p 500 hit the record highs on the same exact day. but now, you can see a big goal has opened up, as apple has powered higher. it is up over 40% so far this year. the s&p 500 not quite as much. these are the stakes. we are sitting on a huge rally. we are expected to get one of the biggest product launches from apple in the past decade. let's see if tim cook delivers. matt: absolutely paired we are going to go live to the worldwide developers conference. but spring and ed ludlow. he is there. alex webb also joins us, covering technology out of london. let's kick it off with you. what are we looking forward to from tim cook today? >> where looking to a headset, being mixed and augmented reality. we have reported it will be in the range of 3000 u.s. dollars. 16 gigabytes of memory powered by apple, a mix of carbon fiber and aluminu

i do not expect apple to launch i expect apple to launch something similar, but i think apple's — somethingrection is more to integrate the ai in its existing form. whether it's for photo — existing form. whether it's for photo applications, that's something apple announced during — something apple announced during the keynote last night, so i think_ during the keynote last night, so i think that's the direction... separate ai in this— direction... separate ai in this case _ direction... separate ai in this case-— direction... separate ai in this case. ~ ., ., ., this case. what about iphones? a- le is this case. what about iphones? apple is still — this case. what about iphones? apple is still a _ this case. what about iphones? apple is still a dominant - apple is still a dominant player in many parts of the world, but competition has been heating up. ii world, but competition has been heating up— heating up. if you look at the last twple — heating up. if you look at the last couple of— heating up. if you look at the last couple of years, - heating up. if you look at the last couple of yea

what do you make for apple's ar play? carolina: apple has been talking about -- ai play? carolina: apple has been talking about ai for a while. it was about siri and then machine learning which is still part of ai which is what you need for ai but apple is in a different place compared to google or microsoft, because they don't on their own cloud so they are dependent on others to run big models. the need to bring us back to what is the value of artificial intelligence and link to that is the value of artificial intelligence to me as a user. i would argue no one else knows their users as much as apple does. caroline: to that end, anything else you are excited about what will be unveiled? we know they are having an update to financial offerings and it feels like it is not a great place to be for fintech and how much more apple could own in that. what excites you? carolina: this is the developer conference oh really interested in seeing what other enhancements or platform from the ios and mac will bring. we also know there is likely to be some new max and apple is continuin

that only apple can deliver. sounds good. and yet some tech analyst. so wondering what exactly the device is for. for some, it might be looking at photos, watching movies, or doing more real life video calls, but no killer app is inside. that however, could change at this price point with the technology that still, you know, developing. i still think this category is a couple years off, but it's important that they get this in the hands of developers because again, for the spot where to be successful, apple needs their developers and they need customers at 3 and a half $1000.00. the vision pro is no bargain, but will likely be picked up by only the most devoted apple fans. well that was laws how to reporting that handle your i s laws. if it was seeing the next big things up. this could definitely be the next big thing. it could be disruptive, and that is something that we've seen apple do before. of course they have been disruptive with a product. they have to find a way to find entire categories. just think of t

you know you mentioned apple.e he has to invest, you have to have big ideas and you have to be committed to them this systemic purchases and that's what he has done very well. >> tim -- >> -- those operating companies too. liz: tim, really quick what do you think the fed will do and announce on wednesday, a week from wednesday? >> if they don't stand pat because they don't think the economy is cooling but because they have tremendous challenges raising a trillion dollars they depleted that will be its own form of quantitative tightening. maybe a substitution for the increase in rates. it is hard to say what they will do but they have a lot of challenges. [closing bell rings] liz: always hard to say what they will do. tim, thank you very much. the dow snaps a two session win streak. s&p and nasdaq let's call it too close to call. i will be comfortable with that "kudlow" is next. ♪. larry: hello, folks, welcome to "kudlow", i'm larry kudlow. so the fbi finally briefs house oversight chair jame

it's apple's 1st major hardware launch in almost a decade. the vision pro headset and use this as a new standard to virtual and augmenting reality tech, but it comes with a price that's enough to make your eyes water of introducing apples vision pro and introducing a new term, spatial computing as it no longer being limited by it as play, apples latest gadget has been years in the making. and it comes packed with tech 12 cameras, 6 microphones, and 5 sensors, all built into a device that it suits the sleek apple sheet. and it brings computing into augmented reality, as well as virtual reality. making division pro a mixed reality device and capability that only apple can deliver. that sounds good . and yet some check analyst. so wondering what exactly the device is for. for some, it might be looking at photos, watching movies, or doing more real life video costs. but no killer app is inside. that however, could change at this price point, where the technology that's still, you know, developing. i still think this category is a couple years off

i'm scott wapner live from apple park we begin with breaking news from apple's worldwide developers conferencepany rolling out several new products today including vision pro, that much-hyped head set. just as the stock hits an all-time high. here's your score card dow's been red for most of the day. nasdaq was not you see the major averages are all in the red there's apple. that's a

i do not expect apple to launch something i apple to launch something similar to chat gpt, i think applesate ai into its existing tools, whether it is voice translation or search or photo applications. that is something apple did announce during their keynote last night. so i think thatis keynote last night. so i think that is the direction apple is taking rather than go all in with, you know, separate ai tools in this case but what about iphones, apple is still a dominant player in many parts of the world but competition has been heating up. if you look at the last couple of years, especially during the pandemic time, that has been a very good run for apple with the iphones where they have been shed in a lot of different countries including in emerging market such as india and southeast asia, this part of the world. so it has been a good ground for apple with the iphones, in the keynote speech there was some discussions about the 0s update, nothing dramatic or out of the ordinary there. that's something to keep in mind as apple continues to grow its iphone base, which also means that it

this isn't going to go on sale until next year and only in the u.s., only through apple, only apple stores or apple.com, and then spread out to other countries. you're not going to be able to walk into a best buy and buy it like a mach. right out of the gate it's going to be limited and hard to buy one. they're not trying to make a mass market product. the price says that and the groans say that. just the way they're rolling it out in phases, they don't expect this to be an iphone level product off the bat. >> are you surprised that we didn't get anything more substantive on a.i.? >> tim cook is, obviously, making it clear, i read the transcript of an interview that he did, where he makes the point that they're going to be deliberate. >> right. >> and thoughtful before they just say a.i., here's what we're doing and get everybody all excited. surprised we didn't get anything yesterday? >> a little bit but not entirely because back remember when the alexa wave came about and everyone was saying siri is so far behind what amazon is doing and this kind of meme going out there that apple is be

hikes on apple since friday. including morgan stanley, which says the stock can run up to $190 evercore goes to $210. we'll talk to morgan stanley later this hour. >>> the s&p 500 doing some house keeping. palo alto networks replacing dish network on june 20th in a reshuffling of the index you see palo alto up 5% this morning. ♪ ♪ every day, businesses everywhere are asking. is it possible? with comcast business...it is. is it possible to use predictive monitoring to address operations issues? we can help with that. can we provide health care virtually anywhere? we can help with that, too. is it possible to survey foot traffic across all of our locations? yeah! absolutely. with global secure networking from comcast business. it's not just possible. it's happening. >>> energy's in the green, but giving back some portion of its gains after the saudis pledged more voluntary production cuts we turn to brian sullivan who has made his way to post 9. >> i burned some oil on the way here, going through staten island beca

and i would include in apple that, is apple a little rich at 31 times yes, it is but two weeks ago, okay, we were ready to declare a massive failure for the vision pro vr headset, when post announcement, the stock went down $3 or $4 >> asking if there was going to be a headset hangover. >> right >> for the stock which had been running up into wwdc >> and we did that within two weeks. so we -- >> some did it in two minutes. >> we washed that all away and i think it's important to understand, for the viewers, and s&p equal weighted strategy year to date is up 3.9% the s&p is up 14%. that's telling you everything you need to know on whether you have to own apple or not trust me, i run an equally waited strategy so i know how detrimental that has been year to date. you have this wealth of passive investing. you have these zero dated options on the index funds, and that's going to drive a lot of the buying that we're seeing in apple. that's one of the reasons why i don't think you can move away from ownership from the fundamentals >> joe is a good representation because you try to, for lack o

apple's big announcement,

so i think what apple is hoping for is a can bring the apple magic — apple wasn't the first company to that got everyone having one. it wasn't the first to bring out an mp3 player 20 years ago, get the ipod is what got everyone buying digital music in a legitimate way. so there is a touch of the apple magic, but the timing is interesting because at a time where we are seeing certainly the us big tech, but around the world investing and shouting very loud about al products, apple today has taken a different path, giving a two and a half hour presentation where it didn't mention ai at all. there were bits of it that will underpin things like making its predictive texting smarter, that kind of thing, but no big ai revealed here, it was very much about bringing this augmented reality to life. and also when you think about vr, you think about gamers, and in the past its been very much marketed as a gaming tool, whereas this is much more about your community, friends, videos and photos bring them to life in a new dimension that tim cook is calling spatial computing.— spatial computing. thank

. >>> a lot of lot eyes on apple hq. apple unveiling his new thing. scott budman joins us with the newest items, including a new br has that for 3500 bucks that we will explain what makes it special according to apple. >>> we have fog on the ast co >>> it is flashy and new but do we really need it? apple's first new piece of hardware in 10 years was unveiled today. and you wear. as bring in scott budman. first of all, tell me the price tag. i always like to start bear. >> reporter: that is the big thing. $3500 to start with. that is not for a piece of apple hardware. >> this is a vr headset? >> reporter: exactly. it has some barriers because we have not been all that used to it yet. and it has a high price. apple calls it vision pro, a virtual and augmented reality has set this one wants to immerse you in movies, in meetings and even some brand- new apps. apple calls it vision pro, a mixed reality had set and even before it hits the market next year, the prototype drew a huge response from the crowd inside this the jobs theater. upstairs, another crow

we're apples fixed. all those critiques i had of prior b r n a our experiences and that's steps the bar now. and it's only going to get better, and that's why i think the system will come along. it's just going to take time. they only have about 30 seconds, but i'm sure you have an opinion on this. how nervous is margaret bird about this? and i think service i, you know, i, i think you, they need the chart. they're past and strategy very, very carefully. i'm a bit optimistic about doc. you was 3. it sounds really good. so we'll see. competitions is good. and apple written hopefully rises. the tie for everybody, so maybe maybe better, but can catch some of that tail wind as well. that has been parents say of creative strategies. thank you. or do finally tonight it was one of the catches tunes of the 19 sixty's, the girl from if a name a made into a world whitehead, by astro gilberto. now the brazilian singer has died at her home in philadelphia. she was 83 her then husband, believe boston, nova pioneer ge

, the apple watch the apple phone or the ipad even. >> yeah, i'll point on that last point that you madeions forthis product, he's very plugged into the supply chain and said apple isn't producing enough to ship maybe more than 200,000 or 300,000. apple sells more than 200 million iphones every year again as far as use cases beyond gaming we'll have to see what apple has to offer it will focus a lot on entertainment, on communication, it sounds like they have a new version of facetime that works on your face this time and also things like using your mac within this environment on your face, meta, their headset does something similar. you can mirror the screen with your computer. i tried it i'm not sure it's a compelling case >> all right, thanks very much julia, steve, appreciate it. >> thank you >>> nearly a third of consumers say they plan to dine out less according to a new survey as inflation persists wolfgang puck, when ""power lunch"" returns. (dr. aaron king) if you have diabetes, getting on dexcom is the single most important thing you can do. it eliminates painful finger sticks,

well, we’re leaning on excellent apple crops, so on apples. be eaten so that they somehow affect life expectancy, in general , will they affect apples, this is a category of fruit healthy foods, nevertheless, you need to know the measure, so we recommend eating no more than 300-400 g of apples per day . well, in general, here is a balanced diet. this is enough to get fiber, vitamins, antioxidants, and certain trace elements. the same potassium for the prevention of edema and good does my heart work. well, if we eat kilograms of apples, then this can also create certain problems, because fiber. can in large quantities can disrupt the digestive system lead to bloating, gas and discomfort. well, in principle, you can go over the sugars, because after all, apples contain hara - this is a carbohydrate product, so 300-400 g per day is not optimal, that is, one or two in large apples. well , it turns out that apples also have their own seasonality, probably, it is necessary to consume them during the season. and we say that seasonal products are bett

that only apple can deliver. sounds good. and yet some tech analyst, so wondering what exactly the device is for. for some, it might be looking at photos, watching movies or doing more real life video calls. but no killer app is inside. that however, could change at 3 and a half $1000.00. division pro is no bargain, but will likely be picked up by only the most devoted to apple fans. for a closer look, i'm joy now from san jose, california by then by haron. he's the, the tech consulting firm creative strategy. so welcome to the day. so this is apples 1st major new product and over 7 years is this what you would hope for? it was one of those things where you kind of had to see it and get the experience to believe. but even as i was sitting looking through or watching the keynote for the tech specs alone make it one of the most impressive technology products that have appeared technology level really, really that i've ever seen. so it in a lot of ways and then also getting to get a hands on demo. it was better than

shares of apple slipping, falling 1% apple early today hit an all-time high, dating back to its ipo in 1980. cnbc's steve kovach is out in cupertino covering the event steve, this is much more expensive than we thought. did it seem cooler, not as cool as well thought? >> well, i got to look at the device, melissa, but i didn't get to use the device yet, so, they only had it on display in the steve jobs theater, i just got back a few minutes ago after cheque it out and it was on a pedestal there, tim cook came out and did his photo op and showed it off. but right now, no one really outside of apple has had a chance to use it it is hard to tell if it lives toup the promise that we saw in the presentation but what is the pitch, i guess, is the big takeaway from here, besides the price and the release date, of course. and focused a lot on entertainment. the surprise appearance by disney ceo bob iger. that sent disney shares positive today. they were down at session lows until iger appeared on that stage and popped up. and look, it's all about immersive entertainment and this kind of idea t

apple, happy friday. this top story number one. top story number two, the u.k., where antitrust regulars are launching an investigation into adobe's purchase of figma. catherine gamble is live for us in london. what do we know? >> thanks very much for having me. the markets are 30 has said that the deal -- authority has said that the deal will have an in-depth investigation to solve the antitrust problems they found in the first stage of the investigation. so, the main concerns from the cme are that within the design platform, the supply -- these are areas where adobe can really compete, and the concern is that if they buy figma, they will take a competition away and that could lead to rising prices and stifle innovation. ed: we're just showing the shares of adobe come up 1.6%. your session highs. when you get a headline like this, sometimes the stocks reacted negatively. is that the situation we are in now? how serious this -- how serious is this development? >> it is too early to know whether it is seri

apple has unveiled its own augmented reality headset called the apple vision pro.pple's first big move into a new product category since the introduction of the apple watch years ago. it does not come cheap. at almost $3500, that is more than it was rumored to cost. our technology correspondent joins me now from california, home to apple hq. thank you so much for joining us. what world is apple trying to create for us right now? >> apple is just trying to replace the iphone and the mac with the idea that you can wear ar set of goggles and put them on in the morning, and it is essentially your computer. you can ring people, you can use the internet, use the computer on it. they think this might possibly replace the iphone and the computer. a lot of people think thats for the birds. vr has not even revolutionized gaming, let alone how we interact with people. i think the markets have looked at this, the share price has gone down since the announced this. apple won't be particularly happy with the way this has landed. frankly, i think a lot of people were expecting a

the numbers will hold their day of action here in apple card in cupertino, and apple stores it in the sea, new york city, and l.a. the american federation of labor wrote apple tv will be nothing without his writers. afl-cio, of unions in the u.s. the writers strike entering its sixth week, with 11,000 w demanding higher pay, a stable pay structure, and provisions about artificial intelligence. an important distinction about today -- the writers guild and its allies are expected to hand out leaflets, not pigot. the last few weeks and we have heard from writers around the country. >> it our content on those screens. we believe we should be compensated correctly. >> its annual developers conference, as mentioned. they mixed reality headset is expected to be announced during this event there are also talks about apple using the event to showcase his latest knock computer and the next operating system for the iphone. the av is also in the company with its strategy and artificial intelligence read all of that happening with jampacked day here at apple headquarters in cupertino. live this mo

apple products.quite interesting is that virtual reality and augmented reality in the past has been massively targeted at gamers. we've seen lots of games, lots, of kind of, exciting roller coaster type experiences. apple really isn't saying that this is the device that's going to do that, although obviously you will be able to game on it as well. but it's very much aimed at communicating with your family. it's saying, you know, you can flip through your videos and your photos on your phone. you can see them at an enormous, you know, at a much bigger way than you would see them on your screen. you can interact with them. you can share them with other people who presumably also have the headset. they are looking at a very different way of, i think, building a community and interacting with yourfriends. but the question is whether enough people will take the leap because, you know, the problem that vr has had in the past is that hardware is clunky. people just don't like to wear it for long periods of

>> i'm all about fading apple, but that's not a popular theme, but it's important to note that appleemarkably, we were sitting here at the end of q3, right, september 30, and here we are now at the end of q2, 2023, nine months later, apple is a relatively performance to the qs peaked september 30th. it's actually underperform here's the ratio chart that depicts, that and if you look at the next iteration you'll see that basically those peaks we've checked back to trend fairly consistently i think this underperformance, remarkable as it is, continues apple itself in terms of the chart, it's made a new high. you can see that here. the question is do you stay with it do you trim it you've got trim if you're long you don't have to do anything, and i certainly would, and with new money buying here i think you're making a misbreak they clearly don't like apple where it is right now. mike, you say it's almost ridiculous not to use options to may apple here options are really cheap. >> think about something that carter just said it's underperforming. this is a stock that's up 50% year to dat

apple's going to win to that, so, it sort of makes sense that apple continues to grind higher. apple wins when people flee other high growth tech names the money flows into apple at a certain point, the musical chairs ends to no more chairs. so, it doesn't mean it's not a great company, but at 28 times next year's earnings with single digit eps growth, single digit revenue growth, margins that are probably flatlines, if not declining, the stock is expensive here >> you have lightened up, karen. >> i have. lightened up last week, currently the day was the all-time high, but it will not be the all-time high, if i lightened up i promised that 100% but i just feel like the whole space, meaning, you know, fang, big cap tech, has had huge runs, and the apple -- i actually have a little bit higher pe than you do on that, remembering the hardware part of the business, also, which has a lower pe, so, that means the rest of it trading at an even higher pe i don't know, i just felt like i have too much exposure overall apple is the one to me -- it's the most expensive with the exception o

we'll be l part with nearly $3500 to buy a headset from apple? i mean, apple products. to pay a bit more. $3500 is a lot of money.— lot of money. first, we will look at about _ lot of money. first, we will look at about 150 _ lot of money. first, we will look at about 150 now - lot of money. first, we will look at about 150 now in i lot of money. first, we will i look at about 150 now in unit. expect hundred 50,000 units. two years, three years from now, this will be under $1500 in terms of a price point, that is apple doesn't price points will come down significantly over the coming years, then it starts to become more masked. also doesn't headset needed changes well? it’s also doesn't headset needed changes well?— changes well? it's a lot smaller _ changes well? it's a lot smaller than _ changes well? it's a lot smaller than some - changes well? it's a lot smaller than some of l changes well? it's a lot l smaller than some of the changes well? it's a lot - smaller than some of the letter out there currently. you can get them for $1100. the vr headset. but the thinking

apple's been doing a lot with apple fitness plus recently. a gamble for apple. they are, of course, not the first to get into the vr headset market. meta, the parent company of facebook, launched a virtual reality headset, a few years ago. it hasn't taken off as a extremely popular device in widespread use yet as of this year, sales of meta's quest pro vr headsets are actually down more than 54% from a year ago. but the apple developers conference set to start at 10:00 this morning. and that vr headset is the thing that people are talking about that's going to be announced as a new piece of hardware for apple. some other updates expected to be announced at this conference are some software updates, perhaps new macbooks are going to be unveiled as well as some software updates to apple tv and apple carplay live in cupertino ally rasmus ktvu fox two news ali rasmus thank you. the national transportation safety board is working to learn why a corporate pilot did not respond to military jets trying to divert him from the area around the us capito

apple hq today. apple announcing its first hardware release in nearly a decade. it's already sparking debate. would you pay $3,500 for is? th th with a majority of my patience with sensitivity, i see irritated gums and weak enamel. sensodyne sensitivity gum & enamel relieves sensitivity, helps restore gum health, and rehardens enamel. i'm a big advocate of recommending things that i know work. >>> welcome back to "nbc bay area news tonight." okay. not since the days of steve jobs have we had quite like a splash like this. apple making that splash today, the first day of the worldwide developers conference. today apple unveiling the vision pro. it's a virtual and augmented reality headset that will go on sale next year. take a look at it here. apple says the headset will let you immerse yourself in movies, games, and other apps, but it's going to cost you $3,500. but even with that hefty price tag, a lot of the tech watchers say apple's latest wearable technology could be the next big thing. >> but at the end of the day, it is easily one of the most impressive pie

into apple products.mes, lots of exciting roller—coaster —type experiences. apple really isn't saying that this is the device that will do that. but obviously you will be able to gain wanted. it is very much aimed at communicating with yourfamily. you can flick much aimed at communicating with your family. you can flick through your family. you can flick through your photo and video on your phone and see them on an enormous, much bigger way than you would see them on your screen. you can interact with them and share them with other people who will presumably also happy headset. they are looking at a very different way, of i think building the community and interacting with your friends, but the question is whether enough people take their lead, because the problem that vr has had in the past is that hardware is clunky. people don't like to wear it for long periods of time. can this more lightweight ski goggle like device be something that people are happier to keep on their faces for a bit longer? that is

this is an apple 2:0 ilyich, maybe 2:0, but there will be 3:0 apples.lete composition. we arrived replenishment. maybe young people. i understand there, your old admirer, in any sense, uh, our charming one. well, the fact is that he also has a backstory. she didn't come to us by chance. she also studied such music, then we have a new flutist. uh, yegor major he also played brilliantly. here in this song and there, uh, the drummer, so petukhov and the bassist. maxim brake new compound. well, now we are giving a lot of concerts , comrades, i must tell you that the history of the apple group also has non-musical aspects. this is a 40 year ministry of love for the one and only. a woman like berendyukov is 17 years old, kapoor has seen all his life, this brilliant musician serves only one, by the way, his mother yes, but not only saw, but, most importantly, heard. well, what are they sitting in, she came to the audition when i was creating a new group, which would later become an apple. and when i heard. after 25 seconds i realized that this is something to

pretty good day for apple as well energy, the worst sector is leading today. it leads to our talk of the tape can you trust and depend on this rally? let's ask the professor siegel he's with us today from philadelphia professor, welcome back. >> happy to be here, scott. >> new month are we going to have the same story? do you believe in this market right now? >> i think the market loves the -- i was surprised there's talk about a pause or a skip you can name it what you want, but i think that's a major source of the rally. i've been warning about the fed going too far, the delayed effects of monetary policy copolicy if they can pause, this lowers the probability we'll have a recession. >> you think they're done? when you saw pause, presumably you're suggesting they don't go in june, but that doesn't mean they're fully done i think fed members who have been speaking have been going out of their way to make sure the markets are understanding of that >> absolutely. they're totally data dependent if inflation flares up again or the labor market gets tighter than i

from the ipod to the airpod, the imac to the apple watch, will apple's latest vision of the future changeow we see virtual reality? >>> we're back now with a warning for drivers. gas prices could climb higher this summer after saudi arabia said it would cut oil production by a million barrels per day. the production cut is set to begin in july and is expected to last at least a month if not longer. >>> now to a highly anticipated announcement from apple. the tech giant debuting a headset that combines virtual reality with actual reality. and as jacob ward points out, if you want to try it you might need to save up. >> reporter: the wait is finally over. >> introducing apple vision pro >> reporter: apple revealing a mixed reality headset, its first new product in years. >> you can see, hear, and interact with digital content just like it's in your physical space >> this is what it looks like >> reporter: when steve jobs revealed the iphone back in 2007, apple went on to change our lives putting social media at our fingertips and upending the music business it released the ipad, apple watch

does for apple.hat's your take on the new ecosystem that apple's trying to push about the headset and the way that a.i. gets you there >> it's a little less about the headset, i think, contessa, because that's -- first of all, that's not coming out until early next year and in a very limited way, u.s. only, apple stores only. $3,500 it's not going to be a huge seller they're not positioning it that way. but look, citi had a great note today in initiating coverage, and they kind of laid out a very bullish case i think their price target's $240 it's at, what, $190 right now, and part of that is, it all goes back to the iphone, a little bit more so than services, because one trend we saw this last year is people are gravitating toward the more expensive pro, so even though sales might be down, they would be a lot worse if people aren't buying those pro models, so citi analysts believe the margins are going to improve even more because of those more expensive phones on top of that, like deirdre is saying

members of the writers guild will hold the apple day of action here at apple park in cupertino and applees in d.c., pittsburgh, philadelphia, new york city and l.a.. the american federation of labor wrote quote apple tv would be nothing without its writers. the larges unions in the u.s.. over the last few weeks, writers from around the country have shared their frustrations. >> no mid-level jobs anymore, so you are constantly worrying about how to care for your children. you never know what to do for child care. it is very unstable, very uncertain. amanda: an important distinctio about what is happening here today, the writers guild are expected to hand out leaflets and not pick it. --pickett. we have seen ground crew's busy getting ahead of this morning's big event here, the developers conference will be met demonstration. reporting live in cupertino, abc7news. reggie: families, advocates and gun violence survivors are demanding real change to stop gun violence. hundreds of people took their message to the golden gate bridge yesterday as part of a movement to honor lives lost and focus

but this is apple, so there could be a chance here that people say hey, if apple makes it, i will buy it. the kind of have a history of doing that. it will be interesting to see if that changes things but also the timing is different here. when google glass came out in 2013, 2014, it was kind of the wrong timing. i don't know if people were really ready for something like that or wanting something like that, and then we had something like the pandemic happened where a lot of things became virtual, and now, you know, we are warming up to the idea, slowly but surely come up having virtual interaction with people in this way, with augmented reality or virtual reality. so it is a bit more immersive than a google glass. you put it on and you can tell you are wearing this headset. that is kind of the biggest difference, the name, the timing , and the look of the device. kristen: you are just immersed in the virtual world in meta but with this,, you actually see the real world. abrar: exactly, and that can be a huge selling point, because it is offputting to put on a virtual reality headset

what makes the apple one fabulous is the apple ecosystem. you are on the apple screen and -- >> 2 million ios devices out there. >> you may be right about meta you had three years of being wrong. i'm not going to take this to the foreign angle. i see things on twitter. funny things of males between 18 and 30 don't date anymore. this is goingto take it to 100 no one will ever go on a date again, sorkin. >> think about it. you like sports gambling of you will go to a basketball game >> sitting court side? >> courtside >> you might >> will i hit three-pointers that is augmented. >> i say the haves and a vn have not wes -- have nots. all of the girls to feel they are there. that is amazing for a taylor swift concert. that is the promise. >> i'm shorting bumble no one will date >> bumble? >> bumble will be a more interesting service in the future >> i don't want to get in your mind i don't. >> okay. i think once the services translate from one thing to another, it becoming complicated. >>> coming up, everything we learned about apple's mixed real

apple launches its long-awaited mixed reality have set -- headset. but will the eye watering price tag commute with consumers? plus, binance allegedly breaking securities rules. the company called it misguided. another surprise from the rba, hiking 25 basis points when the majority of analysts thought. we thought we'd get a rise in yields on the curve. we will talk with our reporter in just a moment. this is a dilemma all central banks will have to deal with, growth is slowing and we are seeing the turn up -- see that turn up in the data but inflation is stubborn. in terms of the equity market, yesterday we briefly touched the 4300 level on the s&p 500. it came back in because apple started to fall after we saw the release of their mixed reality headset, that's the most read story on the terminal right now. everyone very excited but maybe not shareholders. also disappointing ism data. now we are seeing s&p 500 futures move higher this morning, euro stocks barely changed and msci asia up 1/10 of 1%. let's dig into some of these top stories, specifical