many solid quarter for apple. many expected solid quarterfor apple.pected iphone performance would be tepid at best but almost a 6% growth in revenue has been pretty good. iphone revenue is the magic metric to look out forfor revenue is the magic metric to look out for for two reasons. one, as you heard, it makes up almost half of apple's total revenue, but second, the iphone is the gateway, the portal to apple's universe and once consumers enter that universe, they spent a bunch of money on other stuff, like devices and also likes services, so let's talk about services. services is apple's fastest growing revenue stream and based on performance this quarter, its annualised at about $100 billion and that is revenue coming in at 75% gross margin, so as faras coming in at 75% gross margin, so as far as services are concerned, apple has struck it out of the stadium, so all things considered, a pretty decent earnings quarter. when we talk about _ decent earnings quarter. when we talk about services, - decent earnings quarter. when we talk about services,

much of apple's success now hinges on the success of its ai product, apple intelligence, which has underwhelmedany since its launch. this week, shares in microsoft and the facebook owner, meta, both suffered due to the anticipated costs of ai in the year ahead. here's our north america technology correspondent lilyjamali. apple has been looking for a turnaround in iphone sales which have been pretty sluggish and i got that in this most recent quarter.— centre 5.5%. there are good signs for the new iphone 16. this is such there are good signs for the new iphone16. this is such an important market for this company. iphone sales make up about half of the company? revenues. we also heard from the ceo, tim cook, but apple intelligence, a suite of tools that allows customers to do everything from right a better e—mail to clean everything from right a better e—mailto clean up everything from right a better e—mail to clean up photos and generate movies with a simple prompt. that service just this week and the ceo said early feedback has been pretty positive. there is one dark spot for apple in this rep

apple has the brand value.stion will be moving forward, things like services which has become a huge percentage of their revenue, how can they can continue to build on that in china, in addition to selling their product. that will be something to watch moving forward, how they can adapt to the chinese market with those services. boeing has approval a proposal to striking workers. offering a 38% pay rise over four years. more than 30,000 workers have been on strike for almost two months, slowing production for the company which is raising challenges on multiple runs. —— fronts. the union representing workers has approved the latest offer. with just four days until the us election, it looks to be a tight race. one of the hot topics is the immigration policies of the candidates. vice president harris said the us immigration system needs a legislative fix. meanwhile, former president trump has called for more restrictive measures at us borders. this chart shows the steady rise in migrants to the us from just before

it is a i difficult one for apple to address because of course the chinese government is presenting appletern force and they are trying to do more, build and meet in china, they encourage people to do that, the chinese government employees of course have to use products that are made in china. it is a tough road but luckily apple has the brand value, even in china the overcoming some of these issues, the question will be moving forward, things like services which has become a huge percentage of their revenue, how can we continue to build on that in china, in addition to selling their product. that will be something to watch moving forward, how they can adapt to the chinese market with those services. let's surgery amazon, its results are just out. what are the standouts for you there? the big story there was aws, the amazon web services, the cloud computing storage, and that has always been a big revenue generator in terms of profit, for the company, and it proved once again. what was particularly important in this quarter was we saw much larger growth percentage. last year growth percent

i've been an apple user since 1981.tention they pay to the mac book pro which i own is going to be a fraction of what they do to the iphone. the iphone, for better or worse, has e ended up becoming the dominant product at the company. everything they do flows from the iphone. liz: that was professor of finance oswof yesterday on the "clayman countdown." known as the dean of valuations and basically called out apple and said guys you're a smartphone company and yesterday's earnings report, he said, proved that point. now when you break down apple earnings between the five major parts of the company, iphone revenue was the behemoth here $46.2 billion. that was the only metric that beat analyst estimates. sales of ipads, mac computers, wearables and services fell short of expectations. it is important to note though the apple services section which includes streaming services like apple tv plus, soared 12% year-over-year and hit an all-time revenue record. even though that record wasn't enough to satiate analyst expectatio

we think that apple has breached uk . that apple has breached uk competition law.tion here and actually, any organisation that has dominant position has an obligation not to use that dominance to distort the market. apple, we argue, is actually stealing their customers towards their own services, not giving their customers a choice and thereby reducing the amount of competition there actually is across the market. so for that reason, consumers are ending up overplaying for a product one actually if there was a decent competition across the market, that product would be much cheaper and there would be more choices for them. find choices for them. and can you work out _ choices for them. and can you work out how _ choices for them. and can you work out how much _ choices for them. and can you work out how much they - choices for them. and can you work out how much they are l work out how much they are overpaying because apple has rejected any of these gestures that much a their practices aren't anti—competitive. they say that many customers rely on third—party alterna

it is a difficult one for apple to address because of course the chinese government is presenting apple western force and they are trying to do more, build and meet in china, they encourage people to do that, the chinese government employees of course have to use products that are made in china. it is a tough road but luckily apple has the brand value, even in china, overcoming some of these issues, the question will be moving forward, things like services which has become a huge percentage of their revenue, how can they can continue to build on that in china, in addition to selling their product. that will be something to watch moving forward, how they can adapt to the chinese market with those services. indonesia's second largest telco giant is betting on al. for more on how the race could boost the indonesian economy we are joined boost the indonesian economy we arejoined by boost the indonesian economy we are joined by the chief executive officer of endo sat hutchinson. when we think of indonesia we think of an economy that is young, many digitally literate, you are betting big on a

they would say that because they are apple but any apple user would be well aware that apple encouragesnd makes it very difficult for you not to use the apple ecosystem. you are sort of urged into it and then once you are in it, getting out of it is very difficult. we think there could be around a0 million uk customers impacted by this. that is all ipad and iphone users. this claim is worth in aggregate around £3 billion. that averages out to individuals is possibly around £70 each. so this isn't an insignificant amount of money and what we actually want to see is the market being opened up see is the market being opened up in a way that allows competitors into it so that consumers can have the choice to use other options and possibly cheaper options where they are available. {flare possibly cheaper options where they are available.— they are available. give me an idea of the _ they are available. give me an idea of the timeline, - they are available. give me an idea of the timeline, how- they are available. give me an idea of the timeline, how long you think this legal action will actua

telling you the buyer is not liking apple from a fundamental standpoint. let's take a look at the shares of amazon. up 6.8%. there is an earnings miss but a nice a sales beat. it is the cloud growth of 19% that investors like. this a stock having a nice day. round to get of earnings. chevron and exxon -- turned lower but chevron holding onto its gain of 3%. citi likes the espb. plus investors turning around on earlier trading action. sonali: thank you so much, abigail. bloomberg spoke earlier with the blackrock senior portfolio manager, jeff rosenberg. he took a measured reaction to the jobs report. >> the number is overstated in terms of weakness and hurricanes. it makes it easier for them to deliver on the 25 cut which they certainly want to do. that is an important point to highlight. sonali: to talk about what this means for fed action moving forward we are joined by bloomberg's michael mckee, always with a measured approach. how do you think through the near term moves and the long term moves? michael: longer term moves are up in the air. this report

let's talk about apple and reliance on china.hat does that mean in terms of vulnerability to donald trump's tariffs? tim cook may have a plan in place to soft and any blow. we always turn to your power on over the weekend and you are articulating how trump could be a good thing for apple. >> on the surface, many of the values and social issues that trump has pushed through his campaign would seem to run counter to statements and values that apple has pushed over the last several years, things for women's rights to immigration to climate change. apple is pushing one narrative and trump is pushing another, but if i told you that tim cook and other apple executives breathed a sigh of relief when trump beat harris early this month, you probably would not believe it, but i believe that is the case. i believe the tim cook and apple as a whole believe they are able to deal more closely with trump than they were able to deal with the biden administration. i believe tim cook believes that, despite trump pushing tariffs, he has floated a 6

after that, apple got relief from tariffs that would have hit products like the apple watch.ariffs are drastic are trump saying he would impose a tariff up to 60% on goods coming in from china. it would be hard to eat that cost without passing some of that on to customers making iphones more expensive. as far as getting ahead of the proposed tariffs, before the election, tim cook called him. they discussed eu tax penalties that apple is facing. things like that. once trump takes office in january, the thing i'm going to be looking for once these tariff conversations heat up, apple and cook, what do they give trump as far as a pr win as far as jobs and manufacturing. the factory in austin, that was a factory that was in existing production for quite some time. >> steve, i don't think iphones get much more expensive. they are pretty expensive already. on a serious note, i know apple is moving a lot of production to india. if we see tariffs, are we going to see more production move to india to get around the china tariffs? >> this was started during covid when the lockdowns in c

if you buy an apple product to net a zoe? if you buy an apple product to get a certain _ zoe?n amount _ zoe? if you buy an apple product to get a certain amount of _ zoe? if you buy an apple product to get a certain amount of digital - get a certain amount of digital storage forfree but get a certain amount of digital storage for free but if you need more than that to back up your videos, photos, messages and everything else on your device you are encouraged to sign up for apple icloud and there is an annual fee. you can pay anything from 99p to £15 a month depending on what you need. apple doesn't allow other companies complete access to its devices, but the consumer group which says that is unfair. the consumer watchdog will backdate the climb to 2015 and says if it is successful around a0 million uk apple customers could be entitled to a payout of around £70 each, but it will take a long time for this to work its way through the legal system and that is even if it gets very far. apple says its practices are not anti—competitive and says its users do not have to use icloud a

amazon up 7%, apple down a percent. both in the green after their report cards chevron announcing huge cost cuts, as much as $2 to $3 billion worth by the end of 2026 while exxon increased their dividend and watch intel. shares still cut in half on the year, but gaining this morning after better than feared numbers. those shares up more than 6% >> got some economic data crossing the tape. busy morning for them. let's get back to rick santelli. >> reporter: absolutely. we do. construction spending for the month of september expected to be unchanged comes in a bit better. up .1. and last month's minus sign becomes positive .1. reversing the stretch of negative numbers since june. the ism manufacturing complex, the headline number, 46.5, is definitely a miss. sequentially lower than the 47.2, 46.5, well, that is the weakest going back to june of last year. june of last year when it was 46.4 if we look at prices paid, this is a number we want to see going down, but it remains above 50. 54.8 well above the estimate which was

shares of apple, they're up 15% in 2024. underperforming a lot of the megacap stocks and the s&p, but still a pretty good return. in fact, if we look at it in the mag seven, apple ranks number five, nvidia, meta, alphabet, amazon all posting better returns. tim, that begs the question, is he selling to just raise money for something else, is he selling because he still owns a ton and if he is selling, him or his team, we don't know if it's warren buffett, like, timing out -- >> just call it warren. >> probably he signs off on it. is that a sign for the rest of your viewers and listeners? >> we always say that 13-fs are back ward looking, so, there's an element of this that we should not be focused on anything. it's a dynamic that is always fascinating. warren is known as a value investor, so, when you hear of an investor that thinks the value in stocks is -- is, you know, essentially gone, you know, that is something to listen to, because again, this is where warren has really made his money, and everybody knows the numbers

can you tell me how apple intelligence is doing. >> apple intelligence, and limited features loss farn't gravitate to it but we are more interested in the second and third trench that will come out, looking at that, a cool feature is visual intelligence, chat gpt, as you start rolling out those figures. and word-of-mouth, on the hardware side of things into 2025, in the first quarter, what kind of help the apple ecosystem overall, get syria integration out there. we think it helps make the iphone the ultimate personal assistance. we are excited about the potential for hardware sales to improve through that cycle. the december quarter guidance was on the lighter side relative to our expectations are. comparisons get easier in the march quarter. those easy comparisons coming along the more favorable ai features which is when the apple store gets more interesting. stuart: i don't normally think of apple as an ai player. microsoft, got it, understand it. is apple now on ai play? >> we think it is. it may not be the way we look at it is more of an on device ai play. may take longer to play

and it is like apple. they used apple, the ones that said apple sales were good. plus, the ceo hates to lose. that is a great quality in a chief executive officer. hey, speaking of hating to lose. the ceo of palo alto network and crowdstrike, they are both extremely competitive. they know how to stop better than anyone. i know it hurts the diverse case, but they own both of these stocks. i'm a huge believer in cybersecurity. i'm not going to be left behind by great stock here. there is so much crime happening online. these companies literally cannot handle all the business. last night, last night i saw one of the greatest quarters i have ever witnessed. a quarter from a company that i finally told you to buy not that long ago after fighting for ages. i'm talking about yes, indeed, palantir. they have a big cybersecurity business. and they are mainly a defense contractor. they bag about making their clients more lethal. and judging by their numbers, which included an accelerated revenue growth and phenomenal margins, they're clearly accomplishing those goals. i wan

how possible is it that apple — up operations. how possible is it that apple would _ up operations. operations. how possible is it that apple would change the policy to avoid litigation even though it says it is going to defend itself. i though it says it is going to defend itself.— though it says it is going to defend itself. i don't think it will, the defend itself. i don't think it will. the way _ defend itself. i don't think it will, the way you _ defend itself. i don't think it will, the way you back - defend itself. i don't think it will, the way you back up i defend itself. i don't think it l will, the way you back up your device, is that the whole configuration is backed up and thatis configuration is backed up and that is always linked to the propriety cloud rather than decidings you can use amazon web services or 0ne drive, they will all say the same thing, because it is more secure that way. how much of a difference this will make to users? i how much of a difference this will make to users?— will make to users? i mean i will make to users? i mean i will be surprised _ wi

we'll start with apple.t net income was down on that one off tax charge. quint, you've been a p bit of a contrarian on apple. what are you going to do here? >> i'm going to continue to be contrarian. i'm not a fan of apple here, kelly, and it comes down to valuation. you're talking about a company that projects low double digit growth trading 26 times forward earnings. they have a levered up balance sheet. yes, the apple intelligence may kick off a recycle replacement with the phones but i'd rather wait to see it in the numbers before i pay up for the stock here. it's not interesting to me. >> let's move on to another a. amazon. higher after posting higher than expected third quarter. cloud computing. advertising businesses. what do you say here, quint, on amazon. >> tyler, it is clicking in. this is one i was also skeptical of because of the valuation. now we see it in the numbers. obviously the stock is reacting to that. they're positive on all fronts. retail sales better than anticipated which is great fr

apple vision pro has arrived in — tech news. apple vision pro has arrived in the _ tech news.ed in the uk. combining virtual reality _ arrived in the uk. combining virtual reality and _ arrived in the uk. combining | virtual reality and augmented reality, the headset is controlled by eyes, hands and voice. it's also available in australia, canada, france and germany for the first time. it's a really fine... among other things, it's a really fine... among otherthings, it's it's a really fine... among other things, it's really amazing as a cinema experiments in a way i think is better than the best cinema. that doesn't mean you really want to watch... there is a huge amount of contact. be watch... there is a huge amount of contact-— of contact. be white he is continuing _ of contact. be white he is continuing to _ of contact. be white he is continuing to expand - of contact. be white he is - continuing to expand abroad, reaching a billion—dollar deal. it will be view id�*s second factory with the first big and hungry. have you ever wondered where to recycle your rubbish? google

>> i think apple had a nice run this year in anticipation of the iphone 16 and a.i. and the rollout. both of those were really a bit on the disappointing side as far as what you can actually do with the phone and the functionality. you know, the fact that the sales were okay was -- was pretty good. from my perspective, that was better than feared so, again, that stock has not really performed that well in the last couple of weeks the fact it's only down 1% is good and the fact it's down is fairly mild given that there's still a lot to come on the iphone 16. >> the decline might be mild, i agree with you on that, it is the weighting in the market is a big deal i want to talk about the apple forward pe we talk about investors getting religion with valuation. this 1% decline is not a big number move wise on the percentage basis, but considering the weight is huge is this a sign investors are pawing more attention to forward pe, valuation and the sense that this market is priced to perfection is this a read what we will see for the earnings season and the rest of the yea

apple grew in every geography apart from greater china. iphone revenue eat, but the signal is they are going to grow in the low single digits in the final three months of this year. what does that mean? did iphone grow in china? there is probably still more questions than answers at this point. caroline: let's get some answers, then. gene munster is with us. managing partner at plotter. there has been ongoing concern when it comes to apple in china. is that the key takeaway for you? gene: the key take away for me is someone who is optimistic that these features are going to accelerate revenue growth. and i have much more ambitious expectations for the next two years. one of the takeaways for me is the guidance through cold water on this 20% outside hope that we would start to see some better acceleration in the december quarter. as you mentioned, a low single-digit guide. probably analysts are going to shake out somewhere between 5% to 6%. similar growth rates to what we saw in the september quarter. from my perspective the big takeaway he

the greatest comparison is apple phones. you get the apple mac -- >> people waiting to buy?yes, a transition period from the hopper family to blackwell family. so one set of products -- >> the hoppers and plaque wells? >> yes. >> like a feud. >> yeah. that transition happens every single year. so it's great because they are hooking everyone on to the products and they provide the chips and the networking, all of the switches, the software, but at one point there has to be a wall. how often do we continuously buy the next iteration and phen if i were jensen huang his response would be, well, there s $2 trillion of old data centers that need to be not renovated but upgraded. there is an opportunity for such a long amount of time that they could be first in the game for quite a while. >> all right. stay with us and explore about what's next for nvidia. citi out with a note today initiating a positive catalyst watch. i like that language. leading up to the ces tech event in january, you mentioned it a moment ago, jensen huang is set to deliver a keynote speech potentially a time

the trimming of apple means he is down to 300 million shares of apple from 900.t went up 20% year to date. nothing wrong with doing that. >> i want to talk about another inves investment. buying sirius xm holdings. i'm looking at the shares right now. sirius xm down 50% year to date. half of the value lost. in the notes you sent us, you think it is a proxy investment in liberty media. liberty media is up substantially year to date. walk through the thesis with me because the holding company for liberty media, these are separated businesses. they are intentionally separated. how does sirius give you that? >> it is a tracking stock. you are buying a piece of the business. the tracking stock gives you a discount. warren buffett, being the value investor he is, sees a juicy sector that he thinks is under development and more upside. he is getting free net cash flow. he is getting recurring revenue. it is classic warren buffett. it's brilliant. that's what we will talk about in the market opportunities call. how do we also find the niche-like opportunities? >> isn't i

apple down 1% in the premarket. we will catch up with the latest results from apple.ear-to-year and a 10 year coming off of the back of a major monthly move. 50 basis points higher on 2's and 10's. your 10-year, 4.29. the jobs report is two hours in five minutes away. the estimate in our survey is 100k. from new york, this is bloomberg. ♪ jonathan: payrolls report two hours away. equity futures on the s&p 500, the nasdaq, the russell of one third of 1%. getting a lift from amazon. we will talk about the earnings later on. yesterday that decline snapped the winning streak on a monthly basis on the s&p 500. the first monthly loss going back to april. to the bond market. two-year and 10-year up around 50 basis points apiece in october. 10-year up to 429.47. we've had upside surprises in the labor market. we have had a month of repairing for a weaker than expected jobs number. all of a sudden you get this thought. could it be stronger than everyone's thinking? lisa: if it is stronger, people can't discount it because they explained all the reasons why should be weak and y

wasn't -- again, big believer in apple. own the stock. i think it's going to do well over the years. >> gene, great to see you. thank you so much for your time. >> thank you. >>> i want to go back to the point that we were talking about at the beginning of the show, which is why today? why today, of all days, did google decide to react to an antitrust headline when so many headlines have passed? we've sat here on the desk, and nothing happens to the stock. >> well, i think it gets back to what a timeline is both in the context of possibly a change in administration, but i think it also gets back to really what the upcoming dates, again, december 20th, google produces, i think, their final remedies. then, you get into this post-discovery period, and then you're really into the summer, and i just think at some point, there has been pressure on the company to respond, and respond aggressively. and i think that's part of what it is. and think about classic negotiation. overreach on each side, and when you talk about google reme

plus slicing into apple. sitting out this wk'ees post election rally and the technicals getting to the core of the problem. the details when "fast money" returns. ♪♪ amazing. jerry, you've got to see this. i've seen it. trust me, after 15 walks, it gets a little old. ugh. stop waiting. start investing. e*trade ® from morgan stanley. let's go boys. e*trade ® the way that i approach work, post fatherhood, has really been trying to understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families, like my own. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. ♪ ♪ >>> welcome back to "fast money." tesla crossing the threshold for the first time since 2022. it is at nearly $250 pl in value just just since election day, quite a return on the investment according to bloomberg. his net worth tops $300 billion. tesla putting in the best week since january 2023 rallying 29%. how muc

things the size of the air pod, the apple, and the ipad.as they are exploring and moving into, headsets, and mixed reality, going into augmented reality glasses or standalone glasses without displays. things like expanded version of airpods tapping into ai home robotics, home energy. a way to monetize health products into a subscription service, right? the big thing coming next year is a push into the smart home. apple will be diving two feet first into smart home appliances , so next year you will see a push into smart home displays and a couple of years after that there will be a smart home display with a robotic lid. a bunch of little categories they hope add up into something bigger. caroline: one category that hasn't taken off the way they expected was vision pro that in the latest article you said we finally got the killer app. talk us through it. mark: not many of us have this product, but you want to try, coming up next month, vision os 2.2 and it's in beta now, i been using it. there has been a long-lasting external monitor feature

apple shares are trading in the red in pre-market.he opposite trade from the cupertino giant down 1.3%. this after the tech company gave its lackluster revenue guidance for the coming quarter raising questions over the sales momentum going into the all-important holiday season a look at gilts. this is how gilts are trading this morning the ten-year trading at 4.47 we are looking elevated on gilts. let's get to suzanne streeter. what has translated has been a market that is not overly concerned to one that is now stirring as bond vigilantes with growing debt what do you make of what the market has perceived as not quite enough discipline from the chancellor >> yeah, absolutely. what you saw was the quiet optimism this appears to be spreading during the chancellor's speech really start seeping away. i think what is happening is it say deeper dig in the finances and the forecast with the budget responsibility indicating that not only with growth undershoot previous forecasts under the four-year period, but also inflation is likely to edg

i think apple is up for it. if 10% is the opening bid, you have to believe these are more collegiate than we thought. it's a -- if the relationship with carolina can improve, tesla's a big winner too. the chinese have some amazing electric cars that are facing 100% tariffs here. china's an important market for elon musk, the man who has trump's ear. when trump wants to slap a 25% tariff on canada and mexico and a 10% one on china, the chinese might see that as an olive branch coming their way. did i very a wrong view on canada. a hot bed of illegal immigration and fentanyl smuggling. who'd have thunk it? amazon got a nod from bank of america this morning. it's talking about the strength of e-commerce and the cloud. you could say so what, but think about this, do you know how many companies would like to get a nod like that out of nowhere, yet they almost never get them. these companies down. the big gain in microsoft is a little convoluted. thank heavens we've been selling a lot of it. ahead of the quarter. in r

if successful apple could be on the line to pay £3 billion.apple has rejected the anticompetitive claims saying the users are not required to use icloud with many relying on third—party alternatives. amazon has launched its alternative to china's temu. amazon haul will give customers in the us access to products priced $20 or less as it expands its footprint in the e—commerce industry. the ceos said the initiative comes amid rising patterns customers opting for cheaper essential items. turning now to bitcoin and a digital asset that has benefited from the trump election win. on a november, one day before the us election, the price of the currency was above $67,000 but a week later the price has surged by nearly 30%, topping $87,000 yesterday. today nine days after the election, bitcoin continues to surge and currently sits just below $90,000. trump's stance on the campaign trail was a promise of deregulation, fueling the momentum. if crypto will define the future, i want it to be mined, minted and made in the usa, it will be. it will not be ma

how week was apple? the tet titan action was about who could tell the best story which surprisingly was alphabet. who had the biggest low up which was amazon which had a poor number last time. it is a travesty having all these companies report during the same week. nobody could possibly study all of those positions at the same time and i say that as someone with the travel trust that owns everyone of those stocks. i would have gone nuts years ago. i remain steadfast in every one of these names including apple. apple is the only one that is too expensive. the adjustment for the disappointing out like, i bet they close between 210 and 220 next week. they come down from the highs except maybe amazon. amazon was at 161 when i pounded the table last time. it has gone up to 190. with that out of the way, we have still one more bombardment of earnings but i want to start the gain plan in the middle of the week. look at this one on thursday. more important than the stock market is the federal open market committ

okay, apple, this is interesting to me. apple is promising a partnership with the airline. so you're saying apple tim cook is going to call up united and say, all right, let's go into business together here right. yeah. and tim cook and scott kirby, the united ceo. not quite. so a little lower level. what's interesting is in dan's case, the agent said, we don't go by airtags. we go by our own systems. well, that's going to change. okay, so apple has struck a deal with 15 airlines, including united. beginning next year, you're going to be able to share your airtag information with the airline. and that goes so you can you can both look at it and say it's actually right there 20ft away. and you know what? if i'm a thief working for one of the airlines, that's not good for me because they're going to see all the bags are going to my house. so hopefully they'll shut down suspected theft like we see in you are a prolific traveler. do you use airtags? oh yeah. okay. for sure. i don't. so maybe i should and i use these things and there are others out there that are not apple that

get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. >>>. >> futures this tuesday morning we are expecting a mixed opening dow industrials record territory up 61 points reversing weakness nasdaq down six s&p lower by 5 dow industrials up 300 yesterday closing above 44,000 for the first time as markets continue enthusiasm for president-elect trump's victory incoming policies bitcoin another "trump trade" around 86,000 dollars after finishing yesterday shy of 90,000 for the first time last night bitcoin pulling back 86, 206 commodities this way look at commodities fractionally lower, right now, if you look at -- things changed gold up silver up copper down a fraction fractional moves commodities oil, moving on opec, its news lowering global demand outlook for 2024, 20 too, the price of oil 6850 that is up about two-thirds of 1% joining me fundstrat global advisories managing director mark newton great to see you a also a pleasure thanks so much for being here, i want to get your take what this -- looks like you are a technician trend is your frie

apple's computers are built to last. their latest software supports max all the way back to 2017. >> that means if you get one of these computers and take care of it, they can serve you well for many years to come. if you want more information, put on the website rich on tech dot tv. i'm rich demuro. that's richaun tack. >> and there's still plenty of news ahead. stay with us. >> on this date in history, we remember the 30 excuse me 34th first lady of the united states, eleanor roosevelt. plus basketball legend magic johnson's very personal announcement. news nation's markie. martin looks back. >> today is november 7th. get ready because it's national cash back day in 1916, jeannette rankin from montana became the first woman to be elected to the u.s. house of representatives. singer-songwriter joni mitchell was born. glenn hall said the nhl record of 503 consecutive games as goalie. and we remember politician and the 34th first lady of the united states, eleanor roosevelt, who died in 1962. in 1991, basketball player ma

but are you buying any more apple today? strong report. >> you gotta love apple.lling it, right? -- they're killing it. they make $100 billion a quarter, right? they made $96.95 billion in one quarter, right? multiply that by four, there you go, right? you're getting $400 billion in a year, and that's just ongoing revenue. all their other metrics are killing it, and they're selling off apple because they've got to pay $14 billion in a fine or say growth is slowing in china? go ahead, you sell the apple. i'll buy more on any weakness. i'm happy to take the opposite side of this bet. stuart: amazon had had a strong report. they're up this morning. are you buying any more amazon? >> i'm not going to chase amazon. we own it, i own it, but i'm not going to the chase it as it goes higher. i'm not surprised by the amazon results either. so, no, we own it, but i'm not buying it. apple on weakness, i'd be absolutely buying it. stuart: kenny, thanks very much, indeed. you have a great weekend. see you later. >> you too. stuart: coming up, j.d. vance revealing the biggest di

so google would no longer be able to lock up in the search engine market on apple iphones. and that would open that access point up to potentially other search engines that might cause an apple to develop and roll out its own search engine, which is something that was rumored to be in development a decade ago, right before and entered into this arrangement with google so i think we're going to start seeing a big shakeup between google and apple as well. and now the us house ethics committee is deadlock. so whether to release the findings of its sexual misconduct investigation against former congressman might gates last week, president elect donald trump. pigs gates for the position of attorney general costing doubts on the reports. release. hi, did joe castro has moved from washington dc. the house ethics committee met for more than 2 hours to discuss whether to allow the public to see the result of its sexual misconduct investigation into mat gates and their conclusion. for today, they are deadlocked with no agreement. so for now, the report will remain secret date is of c

>> china is hugely important to apple's supply chain and according to reporting, is apple's second largestarket behind the u.s. where it is currently struggling according to many of our reports this past year against chinese domestic smartphone makers. on those two accounts, extremely important to apple. caroline: meanwhile, they have the run what terrorists will look like under a trump administration and actually you've done a great reporting across the entire team that their interesting relations across asia. somewhere they have to invest more to earn the right to sell their products, and in china, where they have to continue to build. dana: bloomberg also had a report that indonesia is pushing back on lifting its iphone 16 sales been, demanding more investment from apple, saying you have invested so much in manufacturing in vietnam, which is a smaller market for you in terms of iphone sales. why not invest more in indonesia which is the largest southeast asian economy? the two stories today stood as a real contrast for me. this push from indonesian leaders from this report out caroline:

apple's computers are built to last. latest software supports max all the way back to 2017. >> that means if you get one of these computers and take care of it, they can serve you well for many years to come. if you want more information, put on the website rich on tech >> and a good morning. all the east bay shoreline lit up very nicely here we have the dry air left over lost the wind. so the red flag warning is now departed. but because we have the clear skies, dry air and lack of winds, temperatures able to tumble in the last few hours. nevada with 41 recovering here petaluma at 39. now we go the other direction without winds because they always interrupt heating and cooling processes. so we're going to see some nice warm temperatures today given how chilly it wasn't spots to start the day off the wind gust. just checking things out. as you can see, the numbers are really not heavy with this. and then they start to switch a little bit later on from the west. a bit least they're coming in from the south. so that's a li

space, apple. there's been a lot of talk of tariffs, but there's some names that caught our attention. they count apple and nvidia as partners. the name down 10% year-to-date and why it's positioned for gains ahead. and upwork sharply higher. we have a lot of rising stocks in the market today. the ceo joins us live on the corner in their recent job cuts and making deals with some activist pressure. let's begin with the markets and dom chu is here with the latest. >> another day, another set of record highs, kelly, because we have them and we just had the dow join the party. so we are again near session highs right now and hitting record intraday levels. so i'll draw our little stars up here for the dow, the s&p and the nasdaq, each of which have had record intraday levels today. it started off that way with the nasdaq and s&p, but now the dow has set its own high water mark, 43,777 for the dow, up 0.1 of 1%, good enough for a record. the s&p 500 is up 40 something points, and up about 18 at the low

government functioning is a very different thing. >> it is not a perfect apples to apples comparison i think what we saw from the twitter example was that he was very comfortable saying we will do these cuts, we will do them as fast as possible and then we will go back and fix things afterwards. i do not think it will be that simple when you do this at the size and scale of the u.s. government. my hope as a citizen of the u.s. is he is more thoughtful and he does not just slash and burn and try to go back and fix those mistakes later on because that might not be possible in the government situation in the same way he tried to do with twitter. caroline: that is a great read. check out the tech daily today. thank you so much for coming on. coming up, softbank looking to boost a stake in openai. we are discussing how that is next. this is bloomberg technology. ♪ phone and call to receive the complete guide to buying gold, which will provide you with important, never seen before facts you should know about making gold purchases u.s. money reserve is one of the most dependable gold distri

he invested in apple.re was a time when he invested in ibm but on the flipside of this warren buffett himself talked about how great of an investment apple has been and it truly has aired out in their portfolio. this is probably more of just limiting some of that exposure that they have. this is one of their top holdings. >> so tax and a trim rather than a big warning sign on apple's prospects may be. how do the rest of buffett's conglomerate fair? >> you could call it the last great american conglomerate and we have to talk about hurricanes here because insurance is part of this american conglomerate and hurricane helene took a big hit on some of their insurance underwriting and when you look at that segment of the business, earnings from insurance underwriting were down 70%. the company was also saying in the fourth quarter projection hurricane milton could hurt them there so that's one of the more negative readings could come out of the report. a positive upside is energy. >> did we get any signals abou

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so annual type of those apple is there are no indications so that any of the items on board the plane was suspicious of ation. experts had in neighboring loc the point out to that and on the social media of a social media video, i'd live at the last moment of the pilots. what trying to lift of the plane up to avoid the collision. as statistically, they say add to percent of all of asian does off this for the relate to landing just a few to the meters or even meet this before their own way. uh, also what was the list for ending the defense minister sat, the zip. oh, no, external factors as it could have damage to the plane. okay, method that have been suggestions. how are in recent weeks that russia could be attempting to sabotage cargo flights in the usa? so is this something the authorities will keep looking into? absolutely, i'm the end of august, the gym and security. i mean also it is a warning of unconventional explosive devices that had been the report. the list hand by unknown person has to buy a car with services and the federal criminal police officer jim. and his sense of wa

apple has that one comment. apple's ability to increase the services revenue and giving them a little bit. our own suite of products around amazon and they also can offer competitor solutions as well through bedrock. >> i want to ask you a broader question though about the environment out in silicon valley, if i may. >> sure. >> something caught my eye earlier this week. there was a comment that the linked-in co-founder reed hoffman made about the climate in the valley because of the political discourse and the different sides that some large names there have taken in this election to which he described a rift, one that might be long lasting, one that might have interfered with business in the valley. the idea that some lps or investors have chosen sides in the way they're investing now and in the future, and i'm just wondering what you make of that, if there's the possibility that that could reduce the pools of capital to some venture-backed companies based on which venture firm that they have been backed by. h

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to non-apple products. the judge has not made a decision yet on whether to dismiss that case. it's been a holiday tradition in downtown for san jose 44 years. christmas in the park opens the day after thanksgiving, so next week. but this year, a major funding source has dried up. so what happens now? nbc's marianne favro is in san jose with the new details. as crews work to set up displays for christmas in the park, visitors are already starting to arrive and revisit childhood memories. i love the way it looks because it makes me feel like i'm home. it makes me feel like, oh, i can be here with my family and have a good time. while michaela niello loves looking at this piece of san jose history, it's the future christmas in the park's managing director is worried about. we've had about three major donors who have been with us for a number of years, who have just backed out and through no fault except that the economy just isn't helping them either. she says the loss of sponsorship money has left the nonprof

this is a lot of apples. this is four pounds of apples. >> what apples do you like?. >> and then you add lemon juice and 3/4 cup of sugar and stir that up and put it into your fluted pie crust, and just pour this all in. and mix that up. i don't put a thickener. >> that's the topping. >> yeah, that's the topping and then -- it's a lot of apples. a lot and keep adding them until they fill that dish. >> and then you put the topping. >> not yet. >> not yet! not yet! >> you have to get all these in there, and then you put the -- you take that with your hands and crumble that over the top. >> what's the other pie you've got there. >> oh, my gosh. that's the cranberry tart. >> how's the cranberry tart? >> squeeze it and then put it down. >> over here you've got one of my favorites, brown butter shortbread. >> oh, my gosh, that's another delicious thing. have you ever had brown butter shortbread? >> i never have. i will now. >> we discovered there was a pile of them in the kitchen and we discovered they tasted really good morning. 856. i'm marcus washington. we are followin

you got to stay with apple. don't trade apple. just own apple. it's going to be elongated.avid, the big final thing, competition, a lessening headwind to iphone demand in china where tim cook is. now, china has been gigantic headwind. >> well, huawei has become a much more significant competitor again to apple in that market. >> i don't know. the prc seems to look the other way when it comes to apple. >> we'll keep an eye on apple shares, of course. we'll talk a bit about warren buffett who has sold a lot of apple shares. still owns quite a few as well. you can catch us any time and anywhere. listen and follow th"sawone quk the street" opening bell podcast. >>> target is moving higher. oppenheimer moving the stock to top pick status. cease a compelling risk/reward scenario. they say the updated guide does capture some discretionary headwinds and marked down risks. >> i think it's possible. i still feel the price differential, too much order at walmart to e-com versus shipped, which is target, is so great that you can't -- you can't do it. i think that target has -- this is

we have had two renewals of apple but we have to make an assumption apple is coming off the model. even with that, we are well-positioned to continue growing and get to a point in 2029 that we have 22 billion revenue, nonmobile. when we get to the end of the decade we have potentially 50-50. mobile is above 50% for the revenue growth market. i don't know what the anxiety is but i think we feel confident about the plan and will continue to execute. caroline: and analyst saying we continue to have confidence in the ceos ability to move qualcomm. we appreciate you. thank you for being here. qualcomm ceo. let's have a quick check of this particular chart of a chip company you are not looking at every day. semiconductor manufacturing international shares. more than doubled over last two months even in the risks tied to geopolitical tensions in china the stock is up 120% from september, trouncing global sector names including nvidia. china outperforming particulate on land in beijing trading. speaking of nvidia, all eyes on the company reporting earnings. will discuss what to expect, par

the biggest by far has been apple.th of the tech giant shares, but that would imply the company has cut approximately a quarter of its stake from the last quarter, and actually as much as 65% from what it originally held. the senior markets commentator mike santoli is here to break it down. i don't know if you're going to go into detail about berkshire's insurance business as well, obviously an important component of their overall earnings. >> absolutely. the insurance business has been firing pretty well. that is the core of the operating company's earnings power. in fact, shares have tracked nicely, the insurance etf, as well as apple. in general, this selld-down in the portfolio, that would be apple, as well as bank of america, it just continues this process of the company getting extremely liquid, that $325 billion in cash holdings now exceeds the value of its public portfolio, which is about $285 billion at this point. it's very tough to draw firm conclusions about the motivation behind all of this, of course, exc