into plus, the oracle and the apple. has berkshire hathaway's huge bet on the iphone maker gotten too risky? one votes says it could kay on berkshire's pofortlio. we're back, right after this. vi, my promise to you is simple. as a fiduciary, i promise to put your interests first, always. i promise that our relationship will go well beyond just investment decisions. it's the intersection of your money and your life where we can make the biggest difference. [announcer] charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com (grandpa vo) i'm the richest guy in the world. to helping people achieve their financial goals. hi baby! (woman 1 vo) i have inherited the best traditions. (woman 2 vo) i have a great boss... it's me. (man 1 vo) i have people, people i can count on. (man 2 vo) i have time to give (grandma vo) and a million stories to share. (grandpa vo) if that's not rich, i don't know what

apples?is what is a breeding ground for good bacteria living in the intestines, and it contains, by the way, which is very important in the skin apples mainly, he suffers from pain in... he needs to go to the doctor, believe it or not , here a person will not help himself in any way, then believe it, we are sorting out myths about health, you said yes, in fact no, let it be, but you didn’t guess, motion sickness in transport, you can cope with the trouble with the help of simple movements. good morning, hello, morning is a great time to talk about the most important thing, about health on the russia tv channel, everyone is already dreaming of a vacation, planning where to go, what excursions to attend, and summer traveling, and even outside the city, it’s hello, motion sickness, of course, fortunately for dr. agabkin, there are exercises for this problem, there are, come out, who’s with us? we need a straight line, our task is very simple, we walk heel to toe along this line, turn around and

so apple's $110 billion stock buyback announcement is very large, but apple is already the largest buyback company in the s&p 500 in dollar terms and by a large amount. in the last 12 months, apple's bought back $84 billion in stock. that is far above anybody else in the s&p 500. so to give you an idea, alphabet is a distant second. they only bought back $62 billion, and meta, microsoft, exxonmobil, they're in the top five but they're way down there compared to apple. apple's been doing this for a really long time and consistently. they have been aggressively buying back its stock and reducing the share count too since 2013, 11 years now. the share count has gone from 26 billion shares in 2023 to 15.3 billion today. that's quite remarkable. apple not only dominates buybacks, but it dominates the largest quarterly buybacks ever done. the 12 largest quarterly buybacks ever done in all history, all in the $20 billion range were all done by apple. everybody else is way down the list. so in recent years, the buybacks in general have become the preferred method returning cash to shareholders, ev

i it speak to a sense of tone deafness by apple here?— by apple here?re? i think it is corporate hubris. - by apple here? i think it is corporate hubris. for- by apple here? i think it is corporate hubris. for a i by apple here? i think it is i corporate hubris. for a brand up such on the cusp of understanding cultural zeitgeist, such on the cusp of understanding culturalzeitgeist, i such on the cusp of understanding cultural zeitgeist, i think for many people arejust shows cultural zeitgeist, i think for many people are just shows how high their ivory tower is and how they are not connected with the angst of the cultural community, of which they perhaps service and depend on for decades. apple advertising were some of the best in the world. the american agency but their name on some of the greatest creativity. this for me was corporate hubris, not being aware of the debate, the anxieties of their own community. the debate that they created globally perhaps gives them an idea ofjust how globally perhaps gives them an idea of just how they globally perha

that top story is apple. shares are on track in the moment for the biggest jump since november 2022. the biggest-announced buyback in company history probably has some part to play in that, but then there is the story that is simple. things were not as bad for the iphone in the calendar quarter as we thought they might be. and then there is the question, what on earth is apple doing in the round of generative ai checkup let's get to mark gurman. long day for you yesterday. i think that sums it up. not as bad as we had feared. but we still have questions about the path forward. what did executives tell us last night? mark: i think you are exactly right, as always. things were not as bad as we anticipated. wall street anticipated, with their estimates. but things were not great. they still had about a $5 billion decline on overall revenue. they still had a pretty big decline on the iphone. the mac and services were bright spots. people knew that new models were coming out next week, and wearables, home, and acc

is this the week that apple found its footing. le i look at your notes today, you say, quote, it is hard to not be more bullish on apple here. why so? >> sure, so i think the risk ultimately coming into earnings was a fear of a guidedown. we got a guideup. so, we move past the june quarter guidedown and look at the developer conference upcoming, the iphone launch coming later in september, this is historically when an apple outperforms, yet we have seen the stock start the year as one of the biggest underperformance years in the last decade. there is a catch-up trade, the risk is behind us, estimates seem derisked and there is a reason to be excited about the future. >> the revenue decline, the fifth time in six quarters that we have seen that. what reverses it and why doesn't that trouble you more? >> sure, so, there is the good and the bad. let's take the good first, services, right? services growth outperformed 14%. very consistent. and record gross margins. on the other side, the product business is still relatively weak. ipho

>> apple is a consumer utility, and one of the things about apple is they have been slower in adoptinghis ai cycle. the hope is that at some point they will catch up and be a fast follower, which we strongly believe they will, but in the near term, there are other companies more immediately investing in and procuring ai type revenues that is propelling growth. caroline: ok, let's talk through some of those names. we heard from alphabet, amazon, meta. are they building the reward in return for that investment from your perspective? ankur: absolutely. it is the number one thing we have been looking at through the earnings season, capex, how these committees are spending their capex. we expected them to have a big capex number through 2024, and they are even talking about 2025. this to us is the leading indicator of what is to come in ai because they would not be building this capex unless they saw the demand trends. i would remind you that during earnings season, both microsoft and amazon talked about how they were limited on capacity and gpu's. people keep asking, where is the applicati

apple has been on quite the ride. it has been a big boost to the portfolio since he took this stake years ago given that berkshire hathaway was not traditionally a large technology investor, yet he has loved apple and still says he loves american express and coca-cola. it is still likely to be one of the biggest stock holdings in the portfolio at the end of the year. he also said, on the converse side of things, the sale of paramount was his decision at the end of the day. paramount shares this morning are rising in reaction to the idea that paramount would be open to thinking through potential offers from sony and apollo global management. paramount shares still up more than 4.6%. if you look at shares over a five-year period, the stock has been down closer to 80%, so the concern here was the shift that paramount was making from traditional television to online platforms, which has been a difficult shift for and others. >> a tricky merger in a trick industry. let's talk about the cash as well. 180 on billion dollars

back to apple. and collectively, malcolm and brandon and i would acknowledge that if you clear understanding of the history of this company. never bet against apple. they always deliver at some point. with all of that from a risk management perspective. perhaps uncomfortable with the momentum strategy did. i think the capitol allocation strategy tonight is going to be incredibly aggressive. if you are looking for wildcard this evening? china is 19% of the apple 2023 revenue. we know they are losing market share. maybe tony is correct. we are at a moment for china and that is the wildcard. it also contributes to buffering the decline in this stock. but i think collectively, overall you hear it and added in all of our comments. would be surprised if apple delivered a weaker quarter. the significant follow-through selling would be surprising. because that is so counter to what the fundamental history of this company is. >> maybe it is a trough moment in some respects for everything. we should say one o

we will be watching this apple has edges and suppliers.ors reacting positively to what was relatively a mixed bag in the latest set of numbers. let's get you to the start of trading, we are actually 10 seconds into the start of cash trading as australia comes online. not much to report, but it has been

is apple not getting credit for the m3 chip? those chips will be used to power laptops they are calling a.i. laptops. >> i'll argue at 25 times pe, ap apple is getting a lot of credit. low single digit pe growth. they are getting enough credit. i would be more excited if they moved forward with a car. i see opportunities to improve on what tesla is doing. they talked about robots. 25 times with apple getting a lot of credit for a lot of things. >> let's go back to the product you mentioned. apple vision pro. it is metaverse. i know a lot of people don't like that term. apple has been using the term for the apps for the spatial computing apps. tim cook has been vocal about the vision pro with the enterprise adoption. i want to talk about this. are we underestimates the adoption? we are talking about companies like u.p.s. or dhl to help train staff and cut down on training time. are we underestimating the apple vision pro with the br broad enterprise use? >> it helps the $3,000 price point for the product. mass adoption of the a.r

apple. shares are rallying in the pre-market and accounting for 65 points. the dow pre-market gains with apple shares up 6%. a blowout report. record share buyback. we will talk more about apple in a moment. we getting saet for the april jobs report to see if the fed can begin their easing campaign sooner than later. non-farm payrolls to come in at 240,000. look at the treasuries. the benchmark at 4.57%. it is down ten basis points from days. the two-year yield is 4.81% yield. >>> let's turn back to the top story this morning and the only money mover you need to know about today. apple. pippa stevens is back at cnbc hq. >> shares of apple are up 6% here in pre-market and set to add $162 billion to the market cap at the open or more than the market value of nike, goldman sachs and comcast and ibm. this is after the company reported the fiscal second quarter results and authorized the biggest share buyback ever and biggest in the history of corporate america. $110 billion on that buyback. that

apple reports its earnings you had so many people that stepped to the sidelines with apple. they lcame in with an historic buyback that taught everyone that bet against them a very punishing lesson what has happened subsequent to that what should have happened if apple was going to resume the down trend is apple, days that followed the earnings report, it should have been the high. >> i don't feel punished at all about not owning apple >> i'm talking about funds >> assuming they didn't own the others that have been so much better you have to get rid of the narrative -- >> keep the conversation apple centric. because that is what i'm trying to focus on. if you are going to bet against the qs and s&p, just know what you see in front of you the evidence suggests that apple is not going down >> i'm hedging, not betting. and number two, i think that the dialogue is getting -- don't take this the wrong way. getting old that you have to own apple. sure, it is 7.5% of the s&p, but as i said, so what it has been 7.5% of the s&p. earnings growth right now is driven by their buybacks,

from the bad apples, not to use the well-known id iom there. >> apple is the seemingly bad apple.e've seen the nvidia trade, and that's getting a little tiresome right now. investors are getting a little fatigued you saw meta had a great result. investors ran away because they had too much capex in a future investment of reality labs everyone wants perfect results, super fast growth, an a.i. strategy they can see the monetization path. at the same time, they also want to know these companies are managing opexwell well, are deag with the macro situation so we don't see interest rates suddenly pop higher, that these businesses can't continue to grow, deliver the high eps, and, heck, they're throwing in dividends to lure investors into the fray. >> can you still call apple a growth stock if you can't, what does that imply for the multiple and for investors? >> they aren't showing the trend line of being a growth stock right now. >> haven't for a long time. >> they haven't. right now, they're behind on all the trends and have been for some time. they've gotten away with it for quite a

apple did not announce any ipads last year.ith this announcement and four new ipads and a price job for the 10th generation, it should hopefully trigger some consumer interest. they should be looking to upgrade devices they had produced earlier during the pandemic time. annabelle: where do you see most of the demand coming from? there has been that lower-priced tech segment, then you have the upper end where it is clear competition where apple is looking to compete for aipc's. which one are you more excited about? kiranjeet: obviously the ipad pro with the oled display and the new chip and with a more powerful engine. obviously it is for the premium users and has the most upgrades apple has seen in the ipad. but because of the higher price it is going to be focused on the pro users, more premium users. but most of the growth should come from ipad air that was just announced, and at the same time for people coming into the ipad camp. there's the lower-priced ipad that should be driving most of the volumes. at the same time, the

apple shares up nearly 1%.isney is out with the results today and answering questions after the kitchen sink first quarter. disney is 50% from the 52-week high and up 17% reporting. disney shares up 1%. we are watching the bond market with the ten-year yield below 4.5% the benchmark at 4.45% important to note, we have been talking about it all week long the two-year note at 4.8%. it was 5% days ago looking here at energy and we continue to watch developments from the middle east take a look at oil which is fractionally higher. wti at $78.55 a barrel >>> time for the check of the top corporate stories with silvana henao. silvana, good morning. >> frank, good morning apple is reportedly developing its own chip for a.i. data centers. the project is code named internally as project ac/dc. short for apple chips and data centers. it has been in the works for several years. the report adds apple is working with taiwan semiconductor to design and begin production with the chips with no release timetable. >>> u.s. regul

so i don't have to own apple. you don't have to own apple. apple will be an underperformer in my estimation going forward. they are not going to be a primary a.i. play. period, end of story. >> why not? >> because they won't. you have microsoft, who has pricing power -- >> they're a different kind of a.i. player. >> they are. if you ask the question, as you ask in the past, who will benefit most from a.i.? i'm paraphrasing. i would say apple is not even in my top five or six. >> yes, but you're talking as if it's an apples and orange conversation, i think. you're talking about a product company that -- i mean, and services obviously. a.i. may very well be what leads to the next great refresh cycle of a company with the strongest install base in the history of consumer products. >> see, i don't think it will. >> i think it will. >> i don't think it will. i think -- look, they have a big install base. they have big market share in some markets. >> they have the best. >> no, they don't. globally their market share is a fraction of what android i

but now apple has reason to celebrate. the companies iphone sales in china rose 52% in april compared to a year ago. that's according to data from a research company is affiliated with the chinese government. that entity, the china academy of information and communications technology doesn't track apple specifically instead it measures the increase in foreign shipments. but in the an branded game, apple is the lead player. and apple could see more games for that is been discounting select models which could lead to more sales. staying with technology — nvidia's momentum continues, with its stockjumping 7 percent to hit another record high on tuesday. the chipmaker and leader in the artificial intelligence space is now valued at $2.8 trillion. it is currently wall street's third most valuable company behind microsoft and apple. this year alone nvidia has seen its share price double. tuesday's jump also helped propel the tech—heavy nasdaq to a fresh high.

but now, apple has reason to celebrate.ny's chinese iphone sales rose 52%, compared to a year ago. that's according to data from a research company affiliated with the chinese government. that entity doesn't track apple specifically. instead, it measures the increase in foreign—branded shipments. but in the foreign—branded game, apple is the main player. and apple could see more gains from may — it's been discounting select models which could lead to more sales. staying with technology — nvidia's momentum continues, with its stockjumping 7% to hit another record high on tuesday. the chip—maker and leader in the artificial intelligence space is now valued at $2.8 trillion. it is currently wall street's third—most valuable company, behind microsoft and apple. this year alone nvidia has seen its share price double. tuesday's jump also helped propel the tech—heavy nasdaq to a fresh high. in other news, shareholders of american oil company hess have approved its $53 billion merger with rival chevron. the deal still has to gain r

apple is working on a.i.what that story looks like there will be a lot of focus on that in the quarter. it can show up in the iphone 16 or in the app store. we could get an announcement at wwc coming up. >> how concerned are you with regulation the stock has fallen a bit in china with the government telling them not to use apple phones is this a real concern for you >> not so much apple anti-trust is a headline risk it hit the stock if you look at shares skince the report calmme out, it has been sid sideways this is a multi-year work in the courts it will probably not lose in our view they need to talk about a.i. and they need to give us a boosted capital returns program. google put out $70 billion of additional buybacks. apple needs to hit that or more. maybe $90 billion. >> jason looking for buybacks. thank you. >>> coming up here on "worldwide exchange," breaking news on apparent fresh intervention by the bank of japan. we'll talk about that much more when we come back from this break. and more about disco

switching gears, apples to oranges, astera is ai related.he car, all these different platform which is need artificial intelligence you think of the engine, nvidia, amd, intel the chips asteria labs are the tires the rubber to the road connectivity parts they make, that's going to allow all the horsepower coming out of the new super, duper chips they're producing and allow it to be connectivity i want to stick with astera. technically more room to run here and that's where i will put my money versus reddit which i don't understand. >> i use reddit all the time i find out things like -- >> i think it's a great news source i don't want to put it in the same bucket. >> i see ai supplanting it hey, wisdom of the crowd, how do i use scott's four step fertilizer. >> maybe i need to educate myself. >> now i can ask ai maybe their answer is nearly as good any way, the ceo of reddit will be on with cramer tonight. i'll look forward to that. he'll talk to jim "mad money" 6:00 p.m we'll move on to the hospitality names. wynn and choice. both up around

on making apple software a technology -- >> there's apple car play out there. >> absolutely. >> forure. >> absolutely. or other products in the future. look, ai opens up number of opportunities not just through rivian but other automakers as well you can bet that apple, while it is not doing project titan, it is certainly still in communication with auto companies. >> i'm curious about rivian as well as we talked about tesla struggles lately, there's not enough demand to meet the supply of evs we thought there would be this time and point. but rivian still survived the challenge of higher interest rates and the initial period of plethora of start-ups. >> right. >> how does it stand now competitively speaking >> it's number two in the u.s. in terms of pure ev companies. the question becomes, will they have to raise capital between now and when the next product, the r2 comes out, which they're going to build in illinois that's not coming out until well into '26, probably start production late '25, early '26 then you start looking at, do you have the capital needed? they already said t

cap that comes out of apple goes into nvidia, and we're fine >> a lot of investors need apple.n the market. so it's still obviously important. we'll take you right up to it $172 is where that stock is trading. i'll see you on "closing bell. i'mdomdo dom i'll see you on "closing bell. i'mdom dominic chu the fed was less hawkish than feared, so what does that mean our guest says you don't want to get caught with fomo she's here with what she means and what she's buying. >>> shares of freelance job platform upward on higher earnings and stronger guidance the ceo joins us with the trends she's seeing and the clues that bsy provide for tomorrow's big

well, friends, in 3 days we will find out how effective apple film is in healing wounds.rament. according to legend , it owes its name to a georgian girl named bella. the local prince brought her here and tried to win her heart for a very long time, but without success. it all ended tragically. the beauty hit the prince with a knife and threw him away. into the river, since then the waters have been turbulent and the current is very fast, however, this is an ideal condition for rafting, one of the most popular sports in these places. belaya is unique in the sense that you can train here athletes from the very beginners to bring them to the top level, where they can perform at the highest competitions in the country and the world. as a child, peter was involved in water tourism, rafting down rivers in boats and kayaks, then he became interested in rafting and now he himself is raising future athletes. one of the main rules of rafting is to take care of your head, because you will definitely need it in the future. the white river is full of surprises ; even an experienced r

and loyalty to apple going forward?ark: i think the ai three will make the system more sticky. when people are choosing to buy new phones and deciding if they will buy an iphone for any other phone, i think the ai teachers will perhaps make the iphone more interesting and certainly more competitive in the landscape. but they will not sell a ton of new devices from the get-go because of these new ai initiatives. this is something they have to do -- they are placating wall street and placating consumers and starting this next generation cycle of software intelligence in these devices. i think this will have a positive outcome for them. it's not specific to the iphone, this is something you will see on the ipad, the mac, the vision pro, the watch, et cetera so certainly, this is a long gain for apple as is everything they do. haidi: bloomberg technology reporter mark gurman there with the latest on those numbers. let's stick with tech. bloombergas learned that huawei is secretly funding cutting-edge research at u.s. univer

but in the foreign branded game, apple is the main player. and apple is the main player.ld see more gains from may — it's been discounting select models which could lead to more sales. openai has formed a new safety committee responsible for evaluating its artificial intelligence models. the oversight teams first task will be to assess openai's current safety practices over the next 90 days, before giving their recommendations to the board. once the board has reviewed the findings, openai will share them publicly. all this comes as the company begins training of its next ai model, and after it disbanded a previous team that was focused on the long—term risks of ai, in may. in other news — shareholders of american oil company hess have approved its $53 billion merger with rival chevron. the deal still has to gain regulatory approval from the us federal trade commission, which could come next month. but a more serious stumbling block is hess�* dispute with exxon mobil over its lucrative guyana assets, which both companies have a stake in. under a joint operating agreement,

apple enabled their a.i.ap into that with a phone you described. >> joe and becky and i are having lunch tomorrow and wednesday. it makes the reservation and sends joe and becky the invite email. it figures out you are across town >> it is shocked you would sit down for lunch with joe. >> it would do all these things at one time, but it has to get deep into the phone. >> i don't want a table near the restroom >> back to the wall. >> or back to the wall >> you never know what is happening. >> you want the openai the agent would know your preferences. >> that is the only thing i have to say for when i make a reservation for my family. >> not near the bathroom >> not for me. somebody else. that is the issue. >> i don't like sitting by the bathroom on a plane. >> i understand it >> it's gross. >> is it >> most bathrooms are tucked away we have gone from a.i. to bathrooms. >> i want a waiter >> you want a waiter >> i like a table near a waiter. always a good thing. take my wife, please. >>> coming up this morning,

that's been the trend with apple, as well i think that apple is under quite a bit of critical resistanceade into the lows on the year. here's the thing, if it breaks the lows on the year at 165, it could flush down to 160 or 150 i'm bearish this stock. >> next up is hershey. cocoa prices are falling 20% but hitting a record high in the month of march just one of the rising costs that could pressure margins. edward jones is writing that hershey could respond with increases or have smaller pack sizes. what is the trade on hershey, danielle >> i'm noticing the implied move in the options market is about 4.5%, but this stock typically only moves around 2% generally with this stock, what i do is i come in and sell the at the money, put some calls by outer wings for protection, and just trade the ball crush overnight. i will note, however, if it trades above $200 a share, that's where investors need to be on the lookout. that's where the trend could change in the stock. >> all right that's the trade for hershey the volatile cocoa trade, as well finally, cloudflare. go they set the full-year gu

apple has the biggest buyback in history. >>> apple's pop is lifting all boats.are higher. >>> big for today is the april jobs report. investors are looking for any cracks that could tip the fed's hand to cutting rates sooner or later. >>> and we

ed: apple nears a deal with openai.aroline: shares of gamestop surge admitted speculation that roaring kitty is back. we discussed that and so much more. let's turn our attention to the macro picture. new headlines coming from the new york fed when it comes to consumer sentiment. it is still running hot, 3.3% in terms of where consumers see inflationary pressures being in a year. still holding onto gains, .3% higher. cpi on wednesday, ppi on thursday. 2-year yield remaining higher. borrowing costs remaining high. money going in, yields go lower by two basis points. bloomberg dollar index also down, some anxiety around inflation despite the new york fed data. let's look at what is happening in bitcoin. even though the dollar is up by .1 percent, crypto is higher by 2.3%. i know that you'll focus on gamestop. this is the read across from some of that renzi, related names. what have you got on the micro? ed: gamestop. meme stock manny is back. this is a two day chart to illustrate the point. 100% up. this is just from one

apple is kind of left out of the conversation, "oh, the market doesn't need apple. who knows? revenue growth down three, four quarters. maybe the best days are really behind it." and here we are, stocks roaring back. >> i think people use apple like to use treasury bonds. i think when there are better trades to put on, apple uses market cap and we see people run to nvidia and amd, and then the semiconductor rally falters, they are not going to sit in cash forever. they go back to what they feel comfortable with, that is up about, amazon, and apple right now. those stocks, they shouldn't act defensively, but they have had that defensive tenor. what is really frustrating for the people that don't like them on days that they risk on, they also go up. so, it is really tough. if you are in a position where you are a serial underweight of the best five companies in the world and that is your investment strategy, i am going to underway these things because they are expensive or whatever, it is not fun. you are not having a good time. you are probably on stone street in an hour from n

, and what security layers on top of that apple will already have. >> apple used to be the driver forhe market, or maybe we can argue it still is. you excited about what they might see, or are you nervous? >> maybe we're all happy that apple seemingly lagged in a.i., but the reality is, there is a huge refresh we had steve iseman on "fast money. he said it'll benefit not only where apple ultimately sits but maybe the biggest refresh cycle they've ever had if you think about what tim cook said at the earnings call, you know, apple is seemingly -- first of all, apple, as much as we talk about innovation around apple, it's often they've just been seamlessly, back to what tim cook said on the call, integrating hardware, software, and services that, to me, is where -- if you look at apple the stock after underperforming the s&p by 20% when we got the market crazy, it's outperformed by 9%. leadership may be back the market doesn't need apple like it used to. again, counting apple out in the a.i. world is crazy, especially since they haven't really anted in yet this is why. they have to figu

for apple.l, historically, we have found out that apple is not necessarily always the first to market. but when it does come to market with a product, the market typically likes it. is that going to be the same story when it is trying to catch up on ai? well: i think there's been -- robert: well, i think there's been a lot of criticism on apple of being late to come to the table. in the long run, that possibly could be to their advantage. if you compare and contrast with other big tech platforms, they are spending tens of billions of dollars in capex at the moment to build out the infrastructure. that is something apple does not have to do. and if they can partner with someone like perhaps openai or alphabet and google and license in that technology, to be that is a more cost-effective way to tapping into the, you know, the longer term opportunity in the ai market. and also, you know, we are early stage in the ai story still. monetization is only just beginning to come through to these big tech

apple will show off its new tablet and ipad today.trigue of the presentation is whether under the hood of the flagship ipad pro device there will be a new m4 chip with expanded capabilities for working with artificial intelligence, in fact, what capabilities these will have, because until now the apple company has lagged behind in the race of neural network solutions, with google ahead of it with android and their own pixel smartphones, and microsoft. otherwise, it is known that the presentation will be short, about half an hour. revolutionary new products from her they are not waiting, although apple really needs them, at least that’s what experts think. the fact is that cupertina is surprisingly quickly losing its tablet market share to the chinese from unexpectedly huawei, according to data from the analytical company canales published exactly on the eve of the presentations. apple is still the market leader, accounting for about a third of all tablets sold in the first quarter of this year, but a year ago there were 14% or 2 milli

apple has 3 weeks to respond and the d. c. government is report to p, looking into all the 2 options for its pod. apple denies the accusations, the company said it has found no reasonable basis to conclude that any of the 3 team, minerals, and its supply chain financed a benefit to groups in the region, minerals from the d. c, a critical to producing the will smartphones and many of the electronic devices. in fact, it is the main source for natural resources needed for global technological advancement . the dfcs minerals which great lakes region has been played by violence since the 1990s. tensions re imaged in late 2020 when, when the rebels reap known as m. 23 began recapturing sways of the territory. miss diaz, see the women western countries accuse window supporting rebel groups including m. 23 in a bit controlled the region spice, mineral resources, lender denies these allegations. presidents all the d, r. c. felix, just a katie, wasn't berlin and spelled exclusively to data. these teen garrett hauser and wendy bashing

thus, the idea of ​​the american display developer at gt advanced technologies apple transferred to thepments of samsung, and the chinese boe, which competes with the same samsung, again in the display market. more one chinese supplier, as the information assures, has received sony’s developments if american regulators are interested in this practice, which is quite possible given the not -so-simple trade and economic issues. relations between the usa and china, then questions will probably arise for apple, and an interesting story unfolds around the social network x, the former twitter and its founder, the legendary jack dorsey, who back in 2019, from the sale to the sale of twitter to elon musk, created a decentralized social network blue sky, very similar to twitter, but with a unique system moderation. then dorsey, an ardent fighter for freedom of speech, assured that it was a decentralized service that could give this very freedom of speech to everyone... but until now his audience is only a few million people, now reaching him, on the same twitter he suddenly announced that he no

so, yeah, top and bottom line beats for apple. and let me go over the other numbers here that are really driving the stock up higher. the dividend increase, up to 25 cents a share now. and like we've been talking about, the biggest buy-back ever in corporate history $110 billion and then, some more numbers here by the segments. iphone revenues were slightly missed expectations, $45.96 billion. by the way, that's down 10%. services, though, that's the bright spot in this report here, that was a slight beat, up nearly 14% i talked to tim cook about that one, he said that's driven by app store and other services and also increase in subscriptions that they have. greater china is down 8% that is an improvement, quarter over quarter, it was down 13% in the december quarter guidance, so, breaking with tradition a little bit here, when i talked to tim cook, he gave a little bit of color about the guidance he said to expect june quarter revenue growth in the single digit percentage points. low single digit percentage points that is sendin

and apple people talk about the need for apple to have a.i.opment do you agree with that does there need to be a leap forward for other areas with a.i. proproficiency? >> a.i. is the elephant in the room you have amazon and alphabet and microsoft all giving out pretty good numbers, including lemeta some ways, with a.i. they are increasing in revenues and profits. apple has been missing in it action we probably won't hear much on the earnings call with the ecb decision in june we are expecting to see a slew of announcements with what we can see. >> people keep saying apple needs a.i. development is that infusing a.i. into siri or the surface what would impress investors >> they could announce a number of different things, to be honest we have to wait for the ecb. i think you can look at what samsung has dieguided in the earnings sales up 20% they have saying it is really driving engagement for users in the industry, there is a lot of noise about where a.i. will benefit me as a jouser we have seen signs that consumers are embracing the new featu

listen, i think apple is behind by design versus anything else ai is not the existential threat to apple'sstem as it might be in other companies that are way more aggressive on this and it is ways to entice to make the ecosystem more sticky and it's not. >> and i think where open ai and gemini and the done deal and who they're going to go with right now and where they'll end up is with the larger models and more intensive parameters and i purchasing it will either be gemini or open ai, and i think if i'm apple, this this which one is the most financial for them but a chat bot who do they use and those are different partner with, and including ai on the, and the more intensive workloads. barton, do you think this is all about maybing siri best in chase or is it going to run much deeper and in some ways be more invisible, as well >> we'll have to see i think that what they need to do, you know, and i would disagree a little bit. ai is crucially important for apple right now because it is an opportunity to inject excitement into their device's ecosystem again, right apple's stock is interesti

what do you need know and how to plant an apple tree? in order to plant an apple tree, you need to distribute the root correctly, that is, yeah, what are we doing, lower it, yes, lower it. the ground so that it is dense, yeah, i understand, well, the most important question is, how long will it take for this apple tree to be harvested, this variety is called strifel and it will be possible to harvest in about three years, super, we just have to wait a little, when it’s not the season for the beds, classes take place in the office in... the class has a thorough approach: weed seeds, fruits and vegetables are studied literally under a microscope. but high school students from marina gorka prefer the exotic. figs, feijuas, and lemons are grown in the greenhouse. we present plants that do not grow on the territory of belarus, that are afraid of our climate, but in the greenhouse conditions have been created where they not only grow, yes, but they also bear fruit. and the lemon, which bears fruit every 9 months, has large fruits up to 600 g.

let's talk about apple. i believe i was in conversation with nancy tengler who said you don't buy apple for growth, you buy it for its cash flows. that blew my mind. what is your take? steve: to me a growth stock one of the hallmarks is that it grows. and revenues on a sequential basis and profits in apple have been flat to down nation. apple is a great company. i don't disagree with her argument. apple spends of tons of cash and the most recent announcement said we are going to return it to shareholders because there is not much we can do with it in the productive manner that we could or should. why not return it to the shareholders? that will cause a re-think because people still think of apple as a growth stock. it is a value stock. katie: what does that look like in how you should be thinking about apple in your portfolio? steve: it is never a bad time to add dividend paying stocks. in terms of that being inevitable that it will grow. you have to rethink, are you paying a little too much in terms of a pe

yes, and apple, of course, the west coast. yes, and apple, of course. known _ the west coast.oast. yes, and apple, of course, known for occasionally - the west coast. yes, and apple, of i course, known for occasionally being controversial, trying to get us to part with a lot of money for these devices. but it is all part of that strategy of lackey is apple trying to get us to buy more hardware because it is increasingly reliant on software and subscriptions. weill. on software and subscriptions. well, subscription — on software and subscriptions. well, subscription is _ on software and subscriptions. well, subscription is a _ on software and subscriptions. well, subscription is a huge _ on software and subscriptions. well, subscription is a huge part _ on software and subscriptions. -ii subscription is a huge part of it and i think people are saying there is a missed opportunity, that actually they could have highlighted how these devices make you more creative. but that doesn't seem to be the case and this criticism is particularly pointed because many creative industries are

earnings report driving, this and apple and amgen both dow components. about 80 points for the dow is coming just from apple and even more so from amgen, moving around 270 points of the dow's move today. so keep an eye on those particular stocks. weight loss plays a part in that story. we'll talk more about both later on. and the ten-year note yield, we want to show you what happened around 8:30 a.m. even time with a report that came out for jobs. you can see that sharp drop in terms of long-term yields going over there, about 4.758% going back 24 hours in a drop all the way kind of down towards that 4.45 range so far today. back up to 4.51. but that rate story is a big deal for a lot of traders out there. that's where we begin, with today's cooler than expected jobs report, the big question now for investors is whether it's enough to move the needle on when the fed will begin cutting interest rates. steve liesman has been all over the story, and he's got a closer look at the numbers. we saw the market reaction. take us through the story about what happe

steve covac on apple.does underscore the significance of iphone demand slowly turning the corner in china and awaits the drug world moment when apple unveils its ai strategy in june. one of his top picks, dan ives joins us at post nine. outperform target of 250. happy friday. >> great to be here. >> overall thoughts on china. >> back was against the wall. china came in much less bad i'll call it than anyone feared. we started to see a turnaround in march going into april. now granted these are not phenomenal numbers, but now you're on the trajectory. you see growth again in china. i think it comes down when you bet against cook and coup no you've been proven wrong again and again this is another quarter they came through. >> plus signs in china this year? >> i think in september you start to get growth in china and this leads to what i believe, not just from an ai perspective, next six, nine months, it's going to mean ai driven super cycle with iphone 16. you'll get china 230 million iphones, 70% of them h

apple's outlook lifting the mood. we are seeing some gains though not by much on the south korean and taiwanese gauges. leading the pack is a hung saying. underpinned by the chinese tech names. alibaba, tencent, may 2 on. the hung saying is on its longest winning streak since 2018. i will get to whether this has legs in just a bit. nikkei futures in singapore pointing to declines at the start of trade. markets returned from the long weekend. i think it has something to do with what we are seeing on dollar-yen. we started the week no thanks to a dovish boj. that's quite a recovery this week, helped along by those intervention expectations and speculation that we saw this week along with how the dollar slump. the recovery we are seeing on the yen's its best week against not just the dollar but the pound, the euro since december 2022. in the past 24 hours, the moves have been fairly steady. it doesn't smell like intervention. more likely, this is the trimming of positions. we came into this week with massive shorts. that

is that apples to apples?> no. >> what was the most the redstone family could have gotten at one point? >> goodness. >> that's what i mean. this is like "succession." this is like watching this -- >> part of the reason why they turned on bob bakish. they were mad at bob for not taking the deal at the beginning of the pandemic in 2020. i would say if shari redstone want ded them to take the deal, they could have. that is when streaming was going to the moon and netflix was taking off and everybody staying home and watching. yeah, there's plenty of blame to go around. the valuation that was seen a few years ago is not there today. >> you know, for the world's smallest high lviolin, but that still sad. that's built up. >> it is a tough and challenging environment. >> it is a change in how val st ued these things. it was a change in how wall street valued it. >> jeff looks like a genius at this point. becky will have mario gabelli in a little bit. >> right. mario gabelli is a major owner of paramount. we are talki

everyone wants to see what is apple's a.i. strategy. now, tim cook is a brilliant guy, ap 8's an -- apple's an amazing company. you have to expect maybe they understand that and they'll see that, but if they don't, i think the shares are going to slump. it's the not that i would sell it, but i think liz claman would agree. liz: i agree with anything you say. [laughter] charles: i knew i loved you for a reason. liz: charles, thank you very much. breaking news as we kick off the a final hour of trade. take a look at apple ahead of one of the most anticipated earnings reports of the season. apple shares right now up 2%, very close to session highs right now. after the bell the tech giant opens its quarterly books to investors who, you guys know this, are very anxious to see the company reveal profits and sales. now, analysts expect to see the biggest revenue decline in more than a year, but shareholders will likely cast the most scrutiny on iphone sales which do account for about half of the tech giant's revenue. that's where things could

how about apple?expanding their retail stores, i think it's in asia, not having a big impact on the stock. lauren: ma a laze ya, first store there. so that's beyond china to take on chinese and local competitors also. so apple does not produce the iphone in malaysia, but they do produce some of the mac computers or in ma pa laze ya. stuart: those retail stores are pretty good, i like them. >>> this is a big story, in my opinion. american airlines, now, they slashed their sales outlook. that surprised me. stock's down 1 is 11%. that surprised me. didn't we just hit a record airline passenger travel over memorial day? lauren: 2.9 million traveled on friday? if absolutely, all-time high. american is now saying their revenue will fall by 6% in this current, in the second quarter. that's a bad sign for summer travel, right? prices may be coming down, they're struggling to yet the business travel -- to get the business bookings, is and they announced their chief commercial officer is out. stuart: that didn'

once onset from apple, overweight sources, the mineral components for its devices, internet to apple, lawyers, query the use of 10 to them, 10 and test the so called 3 teen minerals. they allowed you found an eastern p, a c, a volatile region with rebel groups. profiting off to isn't l mining, the dfcs claim is the minerals i smuggled from its territory 8 to run to with a loan that and sold to apple and other bias from around the world. apple has 3 weeks to respond and the d. c. government is report to p, looking into all the 2 options for its pot. apple denies the accusations, the company said it has found no reasonable basis to conclude that any of the 3 team in the rules and its supply chain financed a benefit to groups in the region, minerals from the d. c, a critical to producing the world smartphones and many of the electronic devices. in fact, it is the main source for natural resources needed for global technological advancement . the dfcs minerals which great lakes region has been played by violence since the 1990s. tensions re emerged in late 2020. when, when the rebels reap