in 2022, apple's c.e.o. is asked whether apple would fix apple to android messaging. questioner added, quote, not to make it personal, but i can't send my mom certain videos, close quote. apple c.e.o. responded, buy your mom an iphone. in addition to selectively controlling app distribution and creation, we allege that apple is violating the law b conditionally restricting developer's access to the interface which is needed to make an app functional on the apple operating system. for a product like a smart watch or a digital wallet to be useful to an iphone user, it must be able to communicate with the iphone's operating system. but apple creates barriers that make it extremely difficult and expensive for users and to venture outside the apple ecosystem. when it comes to smart watches, apple not only ivers users to purchase an apple watch which is only compatible with an iphone, it also uses its technical and contractual controls to make it harder for someone with an iphone to use a nonapple smart watch. when it comes to digital waltz, apple's exclusionary conduct goe

apple wallet is apple's preparatory digital wallet on the iphone.rts its monopoly power to block the same partners from developing alternative payment products services for iphone users. for example, apple has blocked third—party developers from creating competing digital wallets on the iphone and used what is known as tap to pay functionality. that is the function that makes a digital wallet in wallet. instead, apple versus those who want to use the wallet function to share personal information with apple, even if they would prefer to share that information solely with their bank, medical provider, or other trusted third party. when an iphone user puts a credit or debit card in apple wallet, apple inserts itself into the process that would otherwise occur directly between the user and the card issuer. this introduces an additional potential point of failure for the privacy and security of apple users. and that is just one way in which apple is willing to make the iphone less secure and less private in order to maintain its monopoly power. the supre

apple wallet is apple's proprietary wallet on the iphone.ctively encourages banks, merchants and others to participate in apple wallet but simultaneously exerts its mono to block the same partners from developing alternative payment products and services for iphone users. for example, apple has blockedrm creating competing digital wallets on the iphone. they use what is known as tap to pay functionality. that makes a digital wallet, well, a wallet. instead, apple forces those who want to use the wallet function to share personal information with apple, even if they'd prefer to share that information solely with their bank,s, or otd third party. when an iphone user puts a credit or debit card in apple wallet, apple inserts i would otherwise occur directly between the user and the card issuer. this introduces an additional potential point of failure for the privacy and security of apple users. and that is just one way apple is willing iphone less secure and less private in order to maintain its monopoly power.preme court defines monopoly power

apple c.e.o. responded, buy in addition to selectively controlling app distribution and creation, we allege that is violating the law by conditionally restricting developer's access to the interface which is needed to make an app functional on the apple operating sysm. for a product like a smart watch or a digital wallet to be useful to an iphone user, able to communicate with the iphone's operating system. but apple creates barriers that make it extremely difficult andd developers to venture outside the apple ecosystem. when it comes to smart watches, apple not only drivers users to purchase an apple watch which is only compatible with an iphone, it also uses its technical and ntake it harder for someone with an iphone to use a nonapple smart watch. when to digital waltz, apple's exclusionary conduct goes a step further. digital wallets allows users to store and use credentials in int cards, personal identification, movie tickets and car keys. apple wallet is apple's proprietary wallet on the iph

apple wallet is apple's proprietary digital wallet on the iphone. apple actively encourages banks, merchants and other parties to participate in apple wallet, but it simultaneously exerts its monopoly power to block the same partners from developing alternative payment products and services for iphone users. for example, apple has blocked third party developers from creating competing digital wallets on the iphone. they use what is known as tap to pay functionality. that is a function that makes a digital wallet, well, a wallet. instead, apple forces those who want to use the wallet function to share personal information with apple, even if they would prefer to share that information solely with their bank, medical provider, or other trusted third party. when an iphone user puts a credit or debit card in apple wallet, apple inserts itself into the process that would otherwise occur directly between the user and the card issuer. this introduces an additional potential point of failure for the privacy and security of apple users. and that is just one

bruised apple. shares of the tech giant dropping more than 4%, cutting $115 billion from its market cap just today. the company, the latest target in the doj's anti-trust crackdown. could the government suit mean the end of tech dominance in the market? >>> plus, calhoun questions. boeing's board of directors planning a listening tour with major clients in the wake of several recent plane malfunctions, but the ceo can't on the guest list. what it says about his future with the company. >>> and a big night of earnings that could offer some insight into the state of the consumer, trade, and the economy, from ed exto lulu. i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight -- tim seymour, guy adami, mike khouw, and julie biel. the dow getting just 111 points away from crossing 40,000. but one longtime tech bellwether not coming along for the ride. shapes of apple dropping more than 4% after the department of justice announced a new anti-trust lawsuit against the tech t

as well as on in-app purchases apple is able to command these fees from companies of all sizes apple has also suppressed the emergence of programs like cloud streaming apps, including gaming apps. as well as super apps that could reduce user dependence on apple's own operating system and expensive hardware and as any iphone user who has ever seen a green text message or received a tiny grainy video can attest apple's anti-competitive conduct also includes making it more difficult for iphone users to message with users of non-apple products it does this by diminishing the functionality of its own messaging app. and by diminishing the functionality of third party messaging apps by doing so apple knowingly and deliberately degrades quality privacy, and security for its users. for example, if an iphone user messages and non iphone user and apple messages the text appears not only as a green bubble, but incorporates limited functionality the conversation is not encrypted. videos are pixelated and grainy and users cannot edit messages or c typing indicators as a result, iphone users percei

allegedly apple has of -- has refused to support cross messaging apps, and non-apple smart watches. we are currently off by almost 2%. we have so much more to be debating. this is a rush of news across the day, and we have not only got record highs across benchmarks, have also got ipo's. ed: we are also thinking a lot about micron. shares at a record high, biggest jump since 2011. the outlook for the fiscal third quarter, a recovery in the ram prices, but also a jump in hbm 3e. that is the memory that supports training ai. that is the conversation we will have. welcome to our audiences worldwide. let's dive into micron's earnings with sanjay mehrotra. that is how i frame it. let's get to the outlook for the fiscal third. was this all about the recovery in the ram -- dram, or hbm3e from nvidia? sanjay: thank you for having me on the show here. our recovery is really driven by a demand related to ai, with tight supply, and demand that is strong across most of our end markets. particularly data center-driven man. micron has a strong portfolio of products. really we have just begun ship

apple watch.it filed by the u.s. justice department and 16 other states accuses the company of blocking rivals from accessing hardware and software features on its iphone to support its dominance in the smartphone market. >> apple charges as much as nearly $1600 for an iphone. but as our complaint alleges, apple has maintained monopoly power in the smartphone market not simply by staying ahead of the competition on the merits, but by violating federal antitrust law. consumers should not have to pay higher prices because companies break the law. michelle: apple denies the accusations, saying in a statement, this lawsuit presents who we are and the principles that set apple products apart. if successful, it would hinder our ability to create the kind of technology people expect from apple. we believe this lawsuit is wrong on the facts and law, and we defend against it. representatives for the tech giant tell me that when microsoft was sued in the 90's, it controlled 95% of the world market. apple on

, , locked into apple and apple roducts. a, locked into apple and apple products-— products. ecosystem - products. apple says it has created this ecosystem to l products. apple says it has - created this ecosystem to make the experience better, to make better products, to increase consumer safety. what's your response to that?— response to that? there's nothin: response to that? there's nothing wrong _ response to that? there's nothing wrong with - response to that? there's nothing wrong with great| nothing wrong with great products, and as i said, i use their products, but the key is that apple is so dominant that it can't use its market position and its power to shut out competitors, to limit access to super apps for example, to limit access to cloud computing through my iphone and my ipad, to limit access to pay by touch and also more messaging functionality. that's what they do to shut down outside competitors and developers to offer more choices to consumers like me and my family. if choices to consumers like me and my family-— and my family. if yorker case here does — a

sonali: maybe my apple watch can. .repare me for [laughter] year that will have major ramifications across that apple ecosystem. coming up, we will talk to bev and joseph, he will discuss new york's financial education program and the importance of financial literacy in a program that could go countrywide. stick with us. this is bloomberg. ♪ sonali: this is "bloomberg markets." i'm sonali basak. next week hundreds of students and new york will meet at st. john's university to learn about financial literacy and bevon joseph as the advisor to the new york department of education and founder of the greenwood project. let's talk about what you are doing here next week. why are you bringing 700 students to st. john's and how much interest is there for these students to actually learn about the world of finance? bevon: thanks for having me today. 15 high schools in queens got together to bring financial literacy to high schools, juniors and seniors. now we are looking to take that throughout the entire city from chicago. the

in terms of apple and ieo i le concerns. in terms of apple and people looking _ concerns. looking at the _ concerns. in terms of apple and people looking at the company, i concerns. in terms of apple and i people looking at the company, what does it mean for them? it people looking at the company, what does it mean for them?— people looking at the company, what does it mean for them? it depends on how ou does it mean for them? it depends on how you fall- — does it mean for them? it depends on how you fall. some _ does it mean for them? it depends on how you fall. some people _ does it mean for them? it depends on how you fall. some people will - does it mean for them? it depends on how you fall. some people will say, i how you fall. some people will say, the reason i like apple is this kind of walled garden approach, that it's easy to use all its applications, software, hardware, it's very seamlessly integrated. the flip side of that is if you want more freedom to choose how you do things on their system, thatjust isn't offered at the moment and given that they have such a

apple as much as $1,600 for an iphone as our complaint alleges, apple has maintained a monopoly powerhe smartphone market not simply by staying ahead of the competition on the merits, but by violating federal antitrust law. it accuses the company of accessing rival hardware and software features on the iphone. that's gaining an unfair dominance of the market. apple denies the accusations, saying in a statement... leaving apple in the us government headed for a lengthy argument in court over whether the tech giant is protecting its customers or making it difficult for them to leave. even very popular companies that make stuff that we care about have to compete for that loyalty that we have, and that apple isn't doing that. and i think this is the last in four major lawsuits that we're seeing against american tech companies and it is a deliberate attempt to kind of reinvigorate antitrust law enforcement in america. apple argues this case will hurt its ability to create the kind of technology people have come to expect from it. a court will now decide. michelle fleury, bbc news, new york

apple -- doj is not suing apple for having products there too good or too integrated. it is suing apple from blocking competitors from doing the same on the platform, which is so dominant if you are a competitor or developer you have no choice but to develop for the iphone. ed: you mentioned it is not the only tool. often talk about regulating through the courts, but there is lawmaking on capitol hill. is there an avenue for apple to reach some kind of settlement with the doj where they could work this out behind closed doors? >> i cannot predict whether there would be a settlement. apple will set forth its side of the story. litigation often takes years. congress is not sitting on its hands and other regulators are not sitting on their hands. congress introduced a bill that did not pass called the axis act, it would have opened the app store monopoly a little bit. as you have reported, europe is taking action. there is litigation in australia, so it will be a complicated situation for apple and maybe it is in their interest to try to resolve these disputes but apple s

yeah, apple doesn't like it. _ setting a precedent? yeah, apple doesn't like it.setting a precedent? yeah, apple doesn't like it. they are _ setting a precedent? yeah, apple doesn't like it. they are also - setting a precedent? yeah, apple doesn't like it. they are also in i setting a precedent? yeah, apple doesn't like it. they are also in a | doesn't like it. they are also in a fight with the european commission over the digital markets act and there is uk legislation about to be passed next month which will do similar things. apple is fighting hard to the last man on all of these lawsuits. but it is losing again and again around the world. in korea, it lost a big case. in the netherlands, it lost, and in brussels. so it is fighting and it is really spending on lawyers, but it is losing. lats on lawyers, but it is losing. lots of employment _ on lawyers, but it is losing. lots of employment for _ on lawyers, but it is losing. lots of employment for lawyers when it comes to apple. give a sense of how damaging this potentially is for apple to have this lawsuit aga

that is core to apples values.he best users and seamless user for that that's very difficult to do if you try to make it work on an version of an android phone, for example. thank you forjoining us today. reddit has ended its first day of trading in new york up 48%. investors have been drawn to backing the social media platform, despite it having never turned an annual profit since launching in 2005. reddit said it plans to diversify its revenue streams and invest in artificial intelligence. we're just getting some figures in now. japan's inflation is up 2.8%, around what experts projected. this week, its central bank raised interest rates for the first time in 17 years. the bank ofjapan abandoned its negative rates policy, which has been in place since 2016, as inflation finally rears its head in the country. japan didn't get inflation because of stronger domestic demand or wage growth, it got better inflation because energy and food prices picked up. the hope is now that that will stick, that will shake japan out

>> they say what they want is for apple to open things up and they could make apple openings up. they could say hey, make the watch compatible just as much with an android phone as it is with an apple phone or make the apple app store open to android devices as well. that would make it one of those cross-platform things and we've seen that in the past even with tech competitors, but they hint at, although it would be a bit of a surprise is it's a bit of a company breakup, although many politicians threaten it and they are saying there could be, quote, structural changes. that government code for we might remove part of the company or make apple spit it off. i think that is what investors really fear today, but i doubt that happens. i imagine going forward apple will have to give a little bit but maybe not as much as what the doj is going to want. >> it has to wind its way through legally so apple could settle. >> apple could certainly settle without going through what would be an extensive and fairly collocated court case. >> okay, scott budman, thank you so much. >>> of next we

, ., ., apple? they are not looking areat. apple? they are not looking great- itut — apple? looking great. but i will— apple? they are not looking great. but i will say - apple? they are not lookingl great. but i will say samsung is a quite strong competitor and i think stands to benefit from the lawsuit. android phones are not quite as popular in america but there are better and better android smartphones every year. i think if people were forced to give some of them a try they may enjoy them but i think when you think of you are the major players, samsung is i would say one of the biggest beneficiaries of this. ., ., ., ,, this. taylor lorenz, thank you very much _ this. taylor lorenz, thank you very much indeed. _ let's turn to the uk now — because traders are ramping up bets that the cost of borrowing could soon be coming down from its 15—year high. that's after what they see as a change of tone, from the bank of england at its meeting on thursday. the bank left interest rates unchanged at 5.25% as expected. but no committee members voted to raise rates this time around

so apple is active in china and apple have the see to, to power from or push back some of the chinese government to remove the p ends, for example, from its app store. and they're also all cloud services and china also back door. so this is a selective, a treatment of privacy. the you, as we mentioned, is also trying to crack down on the big tech companies. can you just break that down for us with their investigation and exactly what regulators in the you were trying to do. so that, that may come as a surprise to people, but the you is actually a bit behind in the last, when it comes to competition. the do markets act a is designed to rain and platform power. but the verdict is still very much out on whether it will be effective. what we have seen so far is that the commission has designated 6 companies of so called gatekeepers. we have now seen that these companies have somewhat reluctantly made some changes. for example, apple. now allows apps to be purchased outside of its app store. that's the 1st and only in the u. uh, but what the commission of doing now it is probing these comp

and now apple is saying _ degraded features. and now apple is saying well, - degraded features.g well, we - degraded features. and nowl apple is saying well, we have things like rcs universal profile which makes it better for cross platform profiling. so really, the doj is going to have to step up what they say is anti—trust, because it is not a case where you can say — hey, 995% of the smartphones in us are a —— 95% of the smartphones are apple smartphones. reddit has ended its first day of trading in new york up 48 per cent. investors have been drawn to backing the social media platform, despite it having never turned an annual profit since launching in 2005. reddit said it plans to diversify its revenue streams and invest in artificial intelligence. we got some fresh inflation data from japan this morning showing that consumer prices jumped by 2.8% in february from a year earlier. this was up from 2% injanuary, and past the central bank's target rate. earlier this week, the bank ofjapan abandoned its negative interest rates policy and raised borrowing costs for the first time

apple c e o is asked whether apple would fix iphone to android messaging. the questionnaire added quote, not to make it personal, but i can't send my mom certain videos, close quote, a capital c a c e o responded by your mom and i phone. the department of justice has been investigating apple since 2019. and so this law suit was long anticipated. apple has largely bought off previous complaints of anti trust. but this last 2 cuts to the heart of the company's mission to keep customers hooked on apple products. apple watch an iphone are essential. there were this all the time in a statement in apple spokespersons that the d o j lawsuits. that's a dangerous president and henders the company's ability to innovate. people outside of an apple store in washington dc had this to say, that's what they're going to do and i'll get the money is not really like, no matter what this is, all a monopoly is plenty of competition against them. i think samsung makes a better product. so we have the freedom to choose while we want valued at nearly 3 trillion dollars. apples an

if you are an apple investor and you say what is apple going to do in ai and you read the press release they give one examel and it's some third-party photo pp, i think, i've never heard of that runs 40% faster. maybe apple thinks that's the ai key and that's the great answer to this ai question. >> or an appetizer. >> or an appetizer. i don't think that's a third-party app that they could have put on the computer a year ago, and it puts enormous pressure what tim cook said at the meeting puts pressure on create some ground breaking new, generative ai product. we'll have to wait and see. i don't know what that looks like. >> at least he's saying ai. it was like he was allergic and was saying machine learning. there was a paragraph. >> kim fort at boca capital. you heard what deirdre was saying. you heard what steve was saying. as an apple shareholder, do you feel optimistic and say i will continue to be a shareholder over the medium and longer term? >> well, i think it's how do you define what apple is. we know that they're not a business software developer like microsoft andthey do dev

i'm looking at apple. we highlighted it at the top of the show because it is hanging onto 170 and has treated terribly, of late. >> it has. there are some macro elements to it. what i mean by that is, obviously, the nasdaq was massively overbought from a tech stand point. it has very much stretched to the upside, so it makes sense there is some consolidation there and everybody has been massively on tech. so, that makes sense as a broader tech development. what i don't think makes sense is apple and tesla being significant for what is likely to happen for the rest of the tech sector. if i look at those two stocks in particular, there are idiosyncratic catalysts. there are legal -- weaker sales in china in the case of apple, and weaker shipments out of china with the case of tesla, that is particular to those two stocks. by the way, both hafted -- have dealt with weakness in china. that is a part of it, as well. if you look at the other stocks in the big tech sector, if you look at the artificial intelligen

back to apple. if you think about where apple has been getting their growth, we know services have been where they've been getting their multiple, but they overindex to u.s. and china. so, 33% of global iphone sales are u.s. and china. they're around 54%. and they're losing ground fast to huawei. so, some of this are the dynamics that we've been talking about for a long time on this desk, if you make things really ugly for china, i think some of our most important companies are going to find it tough out there, too. then there's huawei, what they've been doing on their own. they picked up 750 basis points of market share in the last year. and apple's fallen 200. so, the dynamic here around things that have been plaguing apple for some time, and more importantly, at this point, it's the market that's -- you know, the fundamentals are what's bringing this story forward, but it's very clear, apple has been underperforming and a relative underperformer for a long time. that's dead money for over two yea

what does apple do next? this is going to be, from my experience covering at&t and that, that took years, a decade. >> we expect years here, certainly, in this case as well. if you talk to the folks at the department of justice, they say, we bring the case when it's ready. the facts are that the investigation into apple began under the trump administration back before the biden folks came to power. the biden folks who are running the department of justice now certainly do see a clock running in terms of the end of at least the first term of a biden administration and the rise of potentially a new trump administration after the november election. the reason to do this now is to move forward while they are still in power. but it's going to be months and years. so an open political overlay on this is, what would a second term trump administration do if they were to win in november with this case? it's a populist case. the investigation began under trump. there's some speculation that maybe trump would leave this

i attorney general and the strength of that attack on apple?— that attack on apple?a significant attack _ that attack on apple? i think it's a significant attack and _ that attack on apple? i think it's a significant attack and it _ that attack on apple? i think it's a significant attack and it does - significant attack and it does potentially have merit to apple has four years really sought to keep consumers inside the apple ecosystem. consumers inside the apple ecosystem-— consumers inside the apple ecos stem. ~ . ., ., ecosystem. what about the argument a- le would ecosystem. what about the argument apple would make, _ ecosystem. what about the argument apple would make, it's _ ecosystem. what about the argument apple would make, it's a _ ecosystem. what about the argument apple would make, it's a company, i apple would make, it's a company, that's what it's supposed to do? e company would always act in his own interest, of course, but i think it comes out to how aggressively have they shut out competition. one big point of contention is that messaging, turning ot

jonathan: apple -- alphabet down year to date, apple down double digits. we have priced out rate cuts over the last year. you have apple down double digits, which used to be the market darling, the poster child for u.s. tech, and yet the s&p 500 is up close to 10%. we talked about things we would be surprised about in january, saying if i told to apple would be down double digits in 2024, that we have priced out half the rate cuts we had priced, and then said the s&p 500 would be up close to 10%? lisa: this goes to the broadening out in the question of where are we in this credit cycle. people were saying late cycle last year. now max kettner is saying maybe it is early cycle behavior given the fact we are seeing potential signs of weakness but where? jonathan: that was quite a change from max kettner at hsbc. this was his note. we are overweight high-yield credit and equities. overweight oil. the sentiment shift has been phenomenal in the last few weeks. lisa: and it is global. people diversifying outside the u.s.. they want a global growth wave even thou

keeping our eye on apple. shares down more than 3.5% after the doj followed an antitrust suit against the company within the last hour. that press conference got pretty granular hitting on the green bubbles when you text from a non-apple phone. what do we know about this? >> i've been digesting this 80-page lawsuit here since it came out last hour and, look, this is a kitchen sink case against apple. i'm struggling to find an apple product that is not named in here. it goes through siri, icloud, apple music. it's trying to make these -- this case against apple that its dominance with the iphone is the centerpiece for all these things that keep people wrapped in and the one thing that really stuck out to me was how often merrick garland said in his press conference about exclusionary practices, meaning if you're a third party smart watch maker like a garmin, for example, you don't get the full features of what ios can offer that you might get with an apple watch. also making that scenario also means people are

i'm an apple guy like you.ut that said, listen, eventually, you could see some sort of legislation come out of congress, i think, that conceivably could -- >> so it's something we can all agree on. they can all agree on. let them go focus on the tiktok thing. let them do the tiktok. >> tiktok, we'll see. by the way, we're watching the senate when it comes to tiktok. we'll see if and when they come out with that bill or what happens there. i guess it's less certain that they are going to pass the ban, but certainly very -- still quite possible that it will. and then be signed by president biden. and then, of course, it will probably all end up in the courts the same way that apple's litigation is going to and so many other things do. >> to bring it back to stocks, broadcom is up big today, in part because they got bytedance as a potential customer. they didn't reveal who it is. they already have google and meta, but apparently bytedance is bringing the stock up 46 points, and i think that -- joe kernan today sai

as examples, the last 2 points to the apple wallet payment system and the apple watch. those interface only with the iphone. well, competitor watches and digital wallets face apple imposed barriers, and when it comes to apples messaging service, the company is accused of coming up photos and videos exchange with non apple devices and 2022. apple c. e o is asked whether applewood fix iphone to android messaging. the questionnaire are added quote, not to make it personal, but i can't send my mom certain videos, close quote, a capital c, a c, e o responded by your mom and i phone. the department of justice has been investigating apple since 2019, and so this lawsuit was long anticipated. apple has largely thought off previous complaints of anti trust. but this lawsuit cuts to the heart of the company's mission to keep customers hooked on apple products. apple watch an iphone are essential. there were this all the time in a statement in apple spokespersons that the d o j lawsuits. that's a dangerous president and henders the company's ability to innovate. people outside of

there's apple and android. the department of justice is actually suing google, maker of android for being a "mono"monop and now android. pick one. which is it? finally what is the purpose behind this? the complaint is, well, iphones are really expensive. yeah! they are. that's accurate, but the thing is, if people don't want to pay a premium price for a premium product they can always go out and buy an android phone or another different device, and that's competition in the marketplace. it's like complaining th ing th n nos speakers are expensive. they are. they're a premium product. it's absurd our department of justice is fighting to decide whether we see green bubbles or blue bubbles on our phones or complaining that the apple watch only works with apple devices. come on. this is not a legitimate complaint. everything's being done for security, safety and improving the ecosystem and experience on the phones. >> steve, address the point there. and to his point, you sure don't hear a lot of customers complaini

set apple products apart. if successful, it would hinder our ability to create the kind of technology people expect from apple." tonight, apple basically telling doj, see you in court. the company is expected to file a legal response soon. apple officials said in their statement tonight, doj's lawsuit is wrong on the facts and the law. david? >> david: more to come on this. pierre thomas tonight. pie pierre, thank you. >>> the u.s. tonight calling for an immediate cease-fire in gaza, and demanding hamas are lease all hostages. secretary of state antony blinken in cairo, saying the u.s. is trying to pressure both sides to agree to a truce. it comes after president biden warned prime minister benjamin netanyahu against an offensive in the southern gaza city of rafah. house speaker mike johnson has invited netanyahu to address the u.s. congress. >>> tonight, major league baseball's highest paid star, and new questions involving a gambling scandal. the l.a. dodgers shohei ohtani. did he know about his interp inter

we cannot live without its devices and we are locked in to apple and we are locked in to apple and apple bbc news. let's look at a top story in the uk. millions of women who weren't properly warned about the increase in their state pension age should be compensated. those are the findings of a new report by the parliamentary and health service ombudsman. it says the department of work and pensions should apologise to women who expected to be able claim their state pension at the age of 60. the age actually changed to 65 in 2010. our political editor chris mason has more on the political realities of payment. any government tempted to sort this out is confronted by a big blunt truth. it will cost a vast amount for the back in 2019, labour offered compensation. they said if they won the general election, that is what they would do. they were crushed in the general election, they are now much more cautious and so to the conservatives. the ombudsman report suggested that women should receive a pay—out of up to $3,700. the government said it would consider the report and respond in due course

and what does apple say? what about this heidi or yeah, as spokes person says that these allegations are unfounded. they also said that this last hoops that's a dangerous president accusing the government of trying to meddle with what the apples books person called the people's technology and saying this would have a chilling effect on apples innovation, which is at the core of its identity. now apple has been targeted not only by us, regulators, but elsewhere as, as well in the u. fact people already have access to 3rd party wallets and don't have to only use the apple wallet. but this last to from the us department of justice is by far the broadest of these regulations targeting the big tech. because not only is it looking at just one element of apples business, but really of core identity of trying to keep people within its universe of services and products. second, right. how do you face that? how did your customer there in new york city to south africa? where the routing party is facing is tough, a selec

it was apple who had — elect run the world. it was apple who had to — elect run the world.had to as a result of european union _ who had to as a result of european union rules— who had to as a result of european union rules actually start making cables_ union rules actually start making cables interchangeable with other phones _ cables interchangeable with other phones because once you buy one of the accursed instruments, you are stuck_ the accursed instruments, you are stuck with— the accursed instruments, you are stuck with that brand forever, whether— stuck with that brand forever, whether you have android or iphone, that is_ whether you have android or iphone, that is you _ whether you have android or iphone, that is you for the end of time because — that is you for the end of time because of the cables and the plugs and adaptors in a car chargers and enoises— and adaptors in a car chargers and encases and — and adaptors in a car chargers and encases and then you need the other one is_ encases and then you need the other one is spare. — encases and then you need the oth

apple created imessage to make it easier specifically -- >> for apple to apple people. >> exactly. you can exchange memes and videos. if you go apple to android, some of the memes won't go through. some of the videos won't go through. and, yeah, the bubbles turn a different color. i don't know if that status is such a bad thing, but it's not the exact same experience. so legitimately that's a change. does that mean consumers suffer? i'm not sure. >> apple's response to all of this? are they taking this seriously, and the attorney general said maybe there's an agreement outside of court. >> apple stock lost $110 billion in value today alone after that thing was filed. >> it was a big day at the stock market. >> it was an otherwise very positive day. >> apple tanked. they came out and said, the lawsuit threatens who we are and the principles that set their products apart. apple makes a very, very big chunk of its revenue from the iphone. so if the doj is threatening the iphone, it's threatening apple's dominance in this area and all of the revenue it makes. that's why i think apple i

>> yes, that s something apple points to. that case against epic games, the supreme court denied hearing it. apple largely won the case. there's one minor count the got ruled against them. at the same time, they are saying, look, this already went through the courts and decided that our model is okay. it's not an antitrust thing. however, google, with a similar case against epic and that was a jury trial and not a court trial and google lost that. there's also that side of the equation too. it's just going to be really interesting to see how they argue against the court and what further evidence we will see that the doj has that backs up these allegations of competitive behavior. >> interesting. a little complicated. you know, sometimes the market shrugs off these things even if it is an actual lawsuit from the justice department. in this case, 4% decline, you know, i would read a couple of things into this. one, a little bit of fragile psychology around apple in the first place in terms of exactly how much they have during t

apple _ podcast from now. on bbc sounds, spotify. apple or— podcast from now.potify, apple or on youtube or whenever— spotify, apple or on youtube or whenever you get your podcasts. you're _ whenever you get your podcasts. you're watching bbc news. tens of thousands of children are at risk of being groomed and coerced into crime by organised gangs according to a leading child protection expert. professor alexis jay who revealed the extent of sexual exploitation in rotherham is warning of an urgent but preventable crisis will stop working with a charity, she has concluded there is no national strategy for dealing with this type of crime. if they knew you were talking to me right now, what would they do to you? i don't think i'd be alive. seriously. i genuinely think i would end up six feet under. that's why we're not revealing joe's identity, or the area where, as a child, he worked for a criminal if they wanted me to go and sell something for them, i had to go and do it. if i had to go and hit someone for them, i had to go and do it. or it was me that was payin

apple is not an innovator.if you go through any of the tech companies, go through the largest tech companies, apple has by far the lowest rnd expense, and you can look at the others that are at least double. of course they are a follower. of course they need somebody else to innovate for them, and google who is already a partner is a natural partner and a mystery. apple will have to lower what google pays them right now, which is like $19 billion a year, or they will have a separate line where they pay google for using their search. to me it's a great deal for alphabet. it's a fixable problem they have, and there are only two companies out there, maybe three if you include meta, that have these search engines others can use, one being google and the other being microsoft. i think it's a great move. >> they still have to fix their problems, though, joe, and that's an outstanding issue, even if they are potentially unlocking billions of potential users, they have to have a search engine people want to use and tha

a day, there is even such a proverb, a person who eats an apple a day does not need doctors, an appler useful, we continue the conversation in the podcast deception of substances by oles nosov and zukhra pavlova . we very often give to our children or ourselves let's take some banana or apple as a snack, right? well, like, you want to eat those apples. yes, pickle the worm. we will not kill the worm with a banana and an apple, but we will raise three worms, figuratively speaking. and natalia has nothing to do with it. when you and i eat a fruit that contains more fructose, then... it reduces this component of fructose - in our body, especially in the brain, there is a substance such as molon, enzyme a. you don’t have to remember these complex names. the point is that the less of this substance, the the hunger center will be more activated. and the more we will want to eat for the next meal. without an apple, we would eat less at lunch, eating it between breakfast and lunch. it is better to eat an apple... after breakfast or after lunch, in between you need to drink drinks, primarily w

apple is accused of charging fees that would — apple is accused of charging fees that would lock _ appleould lock people _ apple is accused of charging fees that would lock people into - apple is accused of charging fees that would lock people into their| that would lock people into their app that would lock people into their app store — that would lock people into their app store and _ that would lock people into their app store and obviously - that would lock people into their app store and obviously apple l that would lock people into their- app store and obviously apple takes a cut from _ app store and obviously apple takes a cut from that _ app store and obviously apple takes a cut from that. likewise _ app store and obviously apple takes a cut from that. likewise google - app store and obviously apple takes a cut from that. likewise google is. a cut from that. likewise google is accused _ a cut from that. likewise google is accused of— a cut from that. likewise google is accused of doing _ a cut from that. likewise google is accused of doing the _ a cut from that. likewise google i

hitting apple at its core. it's a white knuckle period apple is going through.rters, they get to the other side. and i believe it's about ai. you don't want to be selling into ai. this is why it's my opinion that now is not the time to throw in the towel. >> apple being sued. the company expected to face a probe in europe as part of another crackdown. the news putting pressure on the stock. underperforming s&p and nasdaq. mark gurman and apple guru mark gurman. what is the defense coming from apple? >> the defense is the doj lawsuit is littered with nonsense. they make five points and three of them are about things that have either already been resolved or things apple said would be resolved so there is confusion as to why the doj is making allegations against apple about issues that have already been rectified or are in the process. the suit is filled with technical inaccuracies, inaccuracies related to things that apple may have done or is doing. apple believes that the doj is throwing as many items as it can gather against them but none of them prove the comp

you say apples, this is how we roduce this. you say apples, this is how we produce apples _ this.ou say apples, this is how we produce apples but could _ this. you say apples, this is how we produce apples but could it - this. you say apples, this is how we produce apples but could it be - this. you say apples, this is how we produce apples but could it be used| produce apples but could it be used more widely to perhaps save some of the ancient species that we have in this country?— this country? well, there is certainly — this country? well, there is certainly a _ this country? well, there is certainly a possibility - this country? well, there is - certainly a possibility there. one of the things that matters is... the story of the tree is notjust the specific individual but progeny as well. for example, there is a tree in shropshire which is called the royal oak and that is on its fourth generation. the seedlings of that tree have grown up because they were worried about the parent. so throughout history, we have collected the seeds undone these sorts of activities to protect ou

in 2022, apple ceo was asked whether apple would fix iphone to android messaging. the questioner not to make it personal i can't send my mom certain videos, close quote. apple ceo responded, buy your mom an iphone. in addition to selectively control app distribution and creation, we allege that apple has is violating the law by conditionally restricting developers access to the interface needed to make an app functional on the apple operating system. for a product like a smart watch or digital wallet to be useful to an iphone user it must be able to communicate with the iphone's operating system. apple creates barriers that make it extremely difficult and expensive for both users and developers to venture outside the apple eco system. when it comes to smart watches, apple not only drives users to purchase an apple watch, which is only compatible with an iphone, it also uses its technical controls to make it harder for someone with an iphone to use a non-apple product. >> bill: you are listening in. d.o.j. saying apple is such a monster they have become a monopoly m

what has apple done by locking in users on apple messages?is giving way to the rise of wh wh whatsapp? they heare not the only phone i the game. they had to make up the performance saying apple is 70% of the market. of course, android is a comp competitor. apple will say there is choice in the market. if developers don't want to work with us, they can work with ain d aindroid. why do consumers keep buying? >> alex, the other big tech story. microsoft revealing the line of surfaces powered with a.i. a report showing 22% of pcs sold are a.i. pcs. what is your take on the announcement from microsoft? big deal or are a.i. pcs the next big thing? >> the marketing is going to be great. i watched the introduction. i want that computer, but then i remembered i have a good functional apple and macbook and i like it. that will be the case with the first wave of a.i. pcs and devices will be more marketing than muscle t. it will make you want it in the customer, but it is about functionality. i don't think it will make much use difference. >> it will be