app stores apple applications apple owns the full stack and customers would rather do business with apple than any of its vendors and while that means less variety for customers it also means higher margins for apple and a more defensible market share and everybody's effectively trying to chase that business model. that was alex senior editor of casey's extraordinary technology. time now for a very quick break but stick around because when we return call in roche is on the program now calling sat down with me to discuss some of the problems he still sees in the u.s. economy despite better numbers recently and in today's big deal edward harris and i are discussing what and a way are the hardest places to live in america are today and remember you can see all segments featured in today's show on you tube or you tube dot com slash boom bust our teeth and on google i love the one who dot com slash boom dash but now before we go here are a look at some your closing numbers of the bell come on back what. would you like me i want your comedy news from t one to comedy news to be a bare fisted no

apple. we have the genius behind apple's greatest product. he is the editor and publisher and covered appleore than a decade. we will start with you since you flew in from findlaland. how does this one rate? >> i think it was one of the best shows i have ever seen. i started out as a developer. >> you should get out more. [laughter] >> you a right. re right. eye started as a developer when i was in college. when they announced a new language, this was a watershed event. these things do not come out as often. i think apple has had three of these in its entire existence. what this means for developers is productivity, massive increase in certain types of applications they can build. this was all about releasing all of these building blocks which they flooded and. in. we are talking about 4000 apis. this is mind-boggling from a developers point of view. as far as my heart is concerned being in the developer community, i think it was a wonderful event. there wasn't a lot to be excited about. the way i would put it is that this is like going through a cement conference and you are learning all a

apple back. the ipod on windows is when the growth accelerated on apple. this really does show apple trying to fix a problem they have got with their old business, not developing new business. the comments about the product pipeline. what could they invent anywhere near an ipod or the imac, which was the first steve jobs product? the iphone, what could possibly be close to that? it is hard to imagine anything. we said a lot of people are talking about services and cloud services and the way they screwed that up. clearly, they're looking in a rearview mirror and not looking ahead. >> there are a lot of people criticizing this beats deal. they don't think it is very innovative. >> it is also expensive. beats has an android app and a windows mobile app. apple has this very limiting orthodoxy of developing just for ios. having beats allowing to exist as a separate brand allows them to relax some of that and build an independent service that is basically following consumers and how they are using the devices. >> do you agree? >> i think it is easy to be skeptical. there's no question that

apple has finalized its deal to buy beats for about $3 million. beats has a music streaming service. apple stock jumped on the news. the stock market continues to rise. bond yields continue to fall and the economy is shrinking, too. what does it mean to your money? joining us is principal global investor ceo with about $317 billion in assets under management. thanks for being here today. >> great to be here. >> the stock market feels like the bulls have been riding the day and running things up for quite a while now. do you think that trend will continue? >> most likely, yes. >> why? >> i think most pundits under estimate how well the u.s. private sector is doing. one driver is cheap energy, back log in the housing market and productivity. the u.s. is the only country really with labor productivity above precrisis levels. with these drivers prices remain good for the u.s. sector. given that momentum i believe that even after the recent rises between 16 and 17 times earnings u.s. equities are not overvalued. >> you are saying we should ignore the gdp numbers for the first quarter? >> the first quarter was affected partly by the weather. people say it all the time but it really was pretty bad. and that did slow the economy. the other issue was that business inventories were a high level at the end of last year and were run down a bit in the first quarter. if you look at the more current indicators like employment they support the idea that in the second quarter the economy is getting back on track. >> what is the ten year telling us? with the yield below 2.5% is a tricky one to figure out. >> nobody expected it to go down. at the year end it was 3%. everybody thought it was going higher, literally 100%. that illustrates one of the behavioral paradoxes about markets which is if everybody is one way the market can't go there. i think we are still in a bear market with rates likely to rise over the next year or two. that is the key issue. demands for funds is higher which means the rate will tend to go up. >> you have recently come back from the middle east and far east. you said that america is a little unique in the type of growth you are seeing in the private sector. what did you see on your travels? >> a couple of things i would mention. one is that the chinese -- i spent time in china a couple of weeks ago -- the chinese situation is quite fragile. we have seen seven percent growth in china, a little more, down from ten but still healthy. recently the chinese government spokes people have changed from saying growth should be at least seven to growth will be around seven. >> that tells you growth is under seven. >> exactly. i would not be surprised in the next two or three years to see chinese growth settle back towards five percent which their stage of economic development will disappoint them. we have seen an extraordinary period of development in the chinese economy. while i'm positive from here on u.s. equities on emerging markets i think the next six to 12 months could be a little bumpy. although, i think you should be accumulating emerging market accounts if you have a five or ten year time horizon. >> what are you telling investors right now? what is the best place for your money? >> my argument was around the domestic economy. that tends to point towards smaller caps which have done well but it is not too late. the other area i would look at would be manufacturing including lower rated tax stocks, not twitters and facebooks but more the apples. apple is at a good run. before that it was very weak for a while. that is the indicator of the kind of stocks i would go for. u.s. manufacturing, the more established areas of technology. anything that is really keyed into the u.s. domestic economy. >> what does that mean? key to the u.s. domestic economy? energy? >> i'm not talking energy. i think there is a structural oversupply of energy in the world. i think most people under estimate the effect of fracking and shale gas. when i talked earlier about energy being relatively cheap in the u.s., a unit of natural gas here costs about $4.50. i was in qatar earlier this week. they sell natural gas at a price of $16 off the dock. it is not a small difference. it is a big multiple. that makes a big difference to u.s. competitiveness. >> it is great talking to you today. >>> we are "on the money." google driven to change the way you get around. are driverless cars the future of transportation or is it just a pipe dream? >>> and when the k

with apple you're betting on apple, that means you'll have to pay apple prices and get the one watch or tv that apple has to sell. >> you let's talk about the cars. that obviously is something that gets people's attention, google with these cars that will drive themselves, but what were they talking about today, and is it a big deal? >> yes, today it was not in the self-driving cars, today it was about the cars that we already drive. we have these bright screens that put up the navigation. both google and apple are saying wait a second, what if you run android-like experience. google talked about this in january. said it was working with car makers. today they gave a lot more details and it's called android auto. they're working with 40 different car makers. what's interesting here the idea that car makers are going to let the electronics companies into their cars. i think they're still worried. they don't want to go to the route of the pc makers and have their business handed over to google and apple. >> do you thin apple apple a safe manner. and that's going to drive the electronics

to apple and not apples to oranges and i don't know if they include more plan, i don't know what their criteria is and so the criteria that you are using is important for us to know. and i do not suggest changing it. >> my point was only that, i think that this will bring up a bunch of questions and not necessity a different study and may not be this study. >> and these result and we recently completed this study for oakland, and these results are straight from their. >> yeah. >> table 1 a from the building, so this is their building permit, fee table. >> so, you are right. and okay land charges a bit more, than san francisco. for what it is worth. >> moving on to item number 2, i think that i covered this a bit, what percentage of the plans are checked? over the counter? and san francisco, and we, mentioned processes a very high number over the counter. and number three, do you charge a different fee for plans that are checked over the counter? several do not. and then it is a bit mixed and sacramento charges, actually charges an addi

apples to apples comparison and our 3 dollars and $0.25 is right in between those tractions look like across the street. keep in mind our 325 is the minimal rent we can also ask for more a top floor with a view of the water it's less. the tenant improvements just to give you a sense of the significance this is an interior dishonesty round house and this is an interior shot of the house after the improvements from our design tenants they've sunk a lot of money into it. so i thank you for divulging me in the weeds of those examples back out in general we're increasing office rents by 6 percent and some not adjusted at all with the high adjustment of a thirty percent increase in the round house. as a point of comparison cushman and wakefield did a study that shows the rents they're up 8 percent from the prior year that is a sense of where our 6 percent falls in market and so that's the port office rents. the challenge of comparing port property to private property also is a problem when you look at sheds to warehouses warehouses have loading bays for the trucks you don't have to lift things up and down they don't have supportive that pill last year's our advantage we have an amazing location this gos close to the businesses and the restaurants in san francisco. we jefferson are able to charge more than our what is a exerts. overall we're looking at the an increase of 3 percent that includes a subsequential decrease in the shed of 33 by 44 percent due to the entirety of the load restrictions you can't drive large trucks out there and roofing problems and the lifespan of the building is in question so we can't give people a 5 year lease that's a changing situation. then on the high side increasing the rents by 40 percenters. and finally the last big perimeter rents is land land is again sort of a different part of our portfolio it has a high vacancy rate and we're not having a location driven but in daily city and others counties generally, we're dollars doctors the rates of paved and unpaved land by $0.02 and leaving the improved land where it is. from here we're going to come back to the board an june 10th >> on the paved land can the prospective tenant put containers on that. >> i'm going to defer that to one of the leasing managers. >> what. >> please allow me to defer that. >> jeff bower leasing manager. >> so we're actually commissioner we've jumped the gun for a mommy public comment seeing none, public comment is closed. >> go ahead jeff. >> sure someone wanted to put storage containers on that's an acceptable use. >> and the rent stays the same? >> well, when i say storage containers are you saying self-storage or it's a construction company. >> for construction equipment i see a lot of containers on the port property i have no idea if it's paved. >> it's acceptable in the construction company wanted to store the material it's the same. >> how much of our office space or rentals would need to have an improvement all of that when we decide to rent out is it in that badass shape. >> it's u actually telethon you saw ammunition i believe i brought ammunition before you for approval they put 4 hundred thousand it depends on the tenants smaller tenants want a place for a phone and mailbox it depends on their resources. >> well, now i understand the difference between the private sector and the private sectors they do their own tenants or their tenants do their improvements. >> yeah. what an allowance we'll carpet it for you. >> commissioner brandon and yeah. i had a couple of questions you gave us the unpaved land but didn't discuss parking. so i see from our report 89 hundred and 80 thousand square feet of unpaved land and 9.9 million of paved land and 8 hundred and 31 thousand this the the budget of our space is parking part of that configuration of all those numbers and what's happening with parking we didn't get a report on the parking side. >> thank you commissioner the parking that's subject to the perimeter rent schedule is generally, the stalls of the parking we lease on an individual basis like port employers like 3 hundred stalls we manage on the seawall lots those are through a competitive process. >> i guess at some point we'll proposed it as an informational item it's a breakdown exactly again but to refresh us again in terms of how the real estate sort portfolio whether that's a direct lease or how the real estate is putting forth and the components so we understand that so we get a better sense. you mentioned our first lot that was interesting to know that the perimeter rents they're the bulk of a number of leases they contribute very little in terms of the actual percentage of overall revenue is that right >> that's correct. >> so we look at we spend a lot of time looking at the port financials it's the other revenue sources that we need to understand and what's happening with those so we need an understand how those operate in terms of the increase so a summary without having to go through the leases a that's a little bit more informative. >> you mentioned on the buildings you said 6 months if we want to maximize rent is that a curiosity number i think in san francisco it takes 6 months if you wanted the highest rates in this asthmatic that a theoretical number i'm not sure that's current market rate information. >> that's a conceptual example. >> it's important to know that's a very good point on our see of the street we go going through the progress of the commission and board but by the, go faster it generally take pretty long we have some - and i think non-market trends it takes time to negotiate. >> i think the differences is it's if i come to agreement when you sell a house if you measure at that time, from when the house is put on the market it's a very long time but when you measure an agreement to sell the house whatever that's a shorter period of time that's market driven but it's driven by other factors and you have to have time it's a question of which metric to use in terms of the actual revenues but how fast can you get that property render and know it's going to be rented auto u out it the medicare metric. >> that's from one tenant another. >> one question i've been curious to know under the office buildings and other spaces you mentioned it briefly in saying okay if it's the top floor with the view is a different amount as a ground floor we know in hotel rooms for one night i pay a different amount what's the policy in number one how much office sprais space has a view and what's the range of charges that's what attracts people to the port what's our guideline in terms of how much more premium do we put on the rate. >> i'm going to defer to the at large manager. >> i won't say there's a set policy but obviously in negotiations there's a bigger rate. >> what's the range. >> well, it could be 10 percent or 20 percent more. at pier 33 north for example, we received $3.50 a square feet but no view it's 320 >> many people were against this strictly to protect their views so we have is something to offer so let's make sure we charge for it. >> absolutely. >> and you may have touched on this a little bit we may not have the ability to upgrade our office space but have we had an eye of the class c office space to office b is that changing a bit for example, many consider a to be the downtown office space but we have space over the water with the changing companies and businesses coming to san francisco that's a changing the category in some respects and class b is measured it's a typically former class a pier 33 north we approved the bay and put $1.5 million into the property it's a small development ground floor and retail and commanding 350 a square feet for the space we put in a elevator and did finishes and the utilities if we have the people to do it we typically get the tenant to do that for example, ammunition rounds out the now, it's a lot of tenants want to come in and remove the hung ceiling and that's not cheap to do we get the argued and when we move out we get the better rent. >> we have a priceless view are reindicating riggs what we're offering for the view when i think about autodesk they wanted it to be industrial not a typical class a office space how do we category that and i thought commissioner was going down that road. >> that's american people industrial feeling that's in a that's what the tech sector wants he don't want the old style class a but more of an edge i didn't atmosphere it's selling better in san francisco than having the finished class a office space and if we could convert or for example, pier 23 or 19, pier 27 for office we could lease it out the demand is there. the constraints come from the entitlements that we get the change of use and the seismic upgrade is there demand absolutely. autodesk is up to $16 million in investment in the pier. >> right. >> and that is where i was going interest thank you commissioner ho. >> i guess along those lines and maybe we're looking at basis rents so we have the ability to - >> yeah. we can go higher. >> wheelchair seeing the tech companies coming in and we have a to make sure we taking into consideration the leases are very, very desirable and not your typical class a office space i would a rather business owner be on the waterfront. >> we're commanding rents and this vs. a lot of offices. >> no one wanted compartment time listed and they want to quickly based on their operations and the growth and size and moving things around that's the way offices are configured you don't want wails. >> with autodesk they've got other sites in the area and pier 9 is by far they're most popular site employees requesting to work there and i was reiterating one thing we have an extraordinary low vacancy rate so we want to see the changes we don't have a lot of options unless we get the vacancies. >> that is there's a balance that we have a lot of small businesses sole proprietor and to, you know, a 3 or 5 percent most folks can handle that but when you get into a 40 percent that's tough for a small business we do deserve and trying to get the best rate of return but we're sensitive we don't want to drive our small business yourselves out of the market. >> one other thing i'm not sorry i understood accident schedule which your converting the office from that to triple net we come out much lower on an annual basis; is that correct? >> yes. >> when you convert apples to apples it is closer in range $5 off per square feet is significant. >> we have round house we're saying is class b arguably it could be class b minus in pier 9 the rental rates quoted take in a larger geometric area like the downtown and financial district and, you know, frankly they command a higher rate those class b's have on site security and property manager on site my a janitor you call they're at our door wondering how to help you. >> if we wanted to translate and understand the costs to us based on the square footage at some point not today, we should have a report how much of the office space has improved like autodesk that have improved it how much more space would we want our office space to be upgraded they'd dir my cash flow and every deal we're not getting the cash in but lour for the fact their improving the property how much more improvements dakota look we've improved? a cash cow and those perspectives i'll ask elaine to look at how much further not in the capital

apple tv or smart watch? we're live from wwdc, where apple ceo, tim cook, is set to speak this morning. and what we might expect for today's announcement. joan me is applen the first interphase and also a principal with the nelson norman group. greg, great to have you back on the show. good morning. >> thank you, good morning. >> i know it's normally a software story. you had comments about the iwatch and said it's matter of when, not if, and would fill a gaping hole in apple's ecosystem. do you think it's coming today? >> that's hard to say. i'm happy it hasn't come before now. i don't think apple has had the technology together. i think it's coming together now. whether we're going to hear about it now or in the fall it will come when it's done and the hallmarks of apple they don't present it until it's finished. wonderful if it comes today but won't if they need more time. >> i'd love to get your thoughts on the beats acquisition last week, their biggest move ever buying a company, keeping the brand name, incorporating a talent, what do you think that says about the company's evolving? >> i think they recognize it's necessary to keep it young and hip

apple to apple basis difficult because of size differences, discounts, things of that nature. what i've provided up here for you is an overall summary of ocii business performance. essentially for projects that were active as of january, 2013, so what we looked at was all projects on our books as being active as of that date and went back and gathered the information, both for design professional services, as well as the construction that was taking place. with the numbers up here, represent all projects that were active in the dollar amounts that were associated with those particular projects. so shown are professional services, along with construction and supplies. in the center column is the sbe dollars that were awarded to firms within the classifications, professional and construction. about 35% of ocii's awards went to small businesses, out of roughly $1.2 billion in projects. i mentioned earlier that it's difficult to make a direct apple to apple comparison with city agencies, but i'll provide you some statistics in terms of what has been reported. the contract monitoring division has recently published their reports for fiscal year 2012 and 2013 and under that basis they reported 413 million in contract awards, of which 243 million were to lbes, or roughly #59d%. 59%, but that is limited to what they consider to be five of the largest awarding departments within the city. there are many others not captured within these figures. they also qualified the statement by looking at specifically 14b covered contracts, so 14b are those that are funded by the city directly. so in terms of the departments that were reported, they were the san francisco international airport, the department of public works, the port of san francisco, the public utilities commission and the recs and parks department in san francisco and their performance really range from 26% with the san francisco airport, to 89% lbes with the department of publ

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apple. what happens if you take an apple and you split it? you get two pieces, but you still have one applehares closed at less than $100 a piece today. before you panic you should know the stock didn't lose all of that money in one day. apple shares traded for the first time today after the company did a split. it was seven for one, a seven for one stock split. nothing has changed with the fundamentals or the total stock market value. it's called market capitalization, that's the value of all of the shares multipled by the price per share. the company is still worth about $550 billion, that makes it the most valuable publicly traded company in the country. companies think that investor psychology favor stock prizes below a hundred to 2 hundred bucks a care. and mom and pop investors tend to gravitate towards lower-priced stocks because they seem moore affordable. this would make apple stock more accessible to historic investors. apple stock has already picked up 23% since first announcing plans for the split in april. warren buffet's company has only picked up 3% since april. it's stock cl

apple should be afraid of samsung's new tablet coming up next. cheryl: it appears that samsung is trying to take down the apple apple ipad with its lighter and brighter tablet called the galaxy tablet s. so what do you think? what is your initial reaction? [inaudible] >> i don't think your microphone was on. go ahead and repeat that. >> i think it's a life compelling exciting tablet that is really going straight after apple. i think that it's a good entrance, 399 for the 4-inch model. 499 for the 10.5-inch model. they are both slightly thinner and lighter than the ipad air. soon i am on the inside looking out and it's very interesting. >> yes, if you want to get even thinner, this is slightly similar. these are powerful tablets and they have high-resolution screens. and so there's a number of cases here besancon had leapfrog apple. and they had a little button here. that is actually a fingerprint reading. so right now, neither apple nor amazon has this yet. you can unlock the device and you can also login. it's connected to paypal. and so it works and i tried it traded out. and again, we talked about this dream, it's gorgeous and has the 2.1 megapixe

to each other, stuff apple would never do, and now they are because google was taking share and causing trouble. >> there are interesting differences between amazon and apple -- appletered, amazon is not. consumers love apple and apple products. the thing consumers feel that way toward amazon? is there the passion around amazon products that might translate into sales for this device? >> no one i have met, so no. purchasing from amazon is very pragmatic. it is the everything stored, the kind of relationship you have walmart, notnd bmw, and that is perfectly ok. that is the way they have set themselves up and that is the relationship they want. they do not want people to fetishize their product to be successful. ?> can both survive, victor if amazon does not really care -- fetishizt jason ation, can they squeeze out anyone in the middle? >> there is precedent for that with apple devices. when amazon capture the low-end consumer, adding incremental features which is located they did with the kindle fire tablet, that drove sales. i think you'll find the same thing with the phone. >> i still have the same question about investors -- will the point arrived when investor

many apple users go outside the apple ecosystem to edit files. apple is hoping to change all that and take aim at competitors. editing a photo feature, a new calling feature like microsoft's skype, and it features the take on dropbox. they are trying to make it easier for developers to develop on their platform introducing the swift program language. ofy are making a big portion health and home arenas. what is that mean for other companies? we are talking to john, creator of newco and a longtime apple follower. you have watched this company forever. what are your thoughts on this particular wwdc? >> i thought that apple failed to be apple. it succeeded at being the apple we all knew before expectations that apple had change the world every time they had one. >> this use to be a conference for the tiny community in the world of commuting that was david against goliath. >> everyone got super excited when they changed an sdk for their photo app. exciting because you could do new things. now everyone expects apple to unveil a world-changing thing every tim

to a longtime apple follower. -- have watching been watching the company forever. what is your take? >> i thought that apple failed to be apple. it succeeded at being the apple we all knew before expectations were inflated that apple had to change the world every time it had one of these events. >> they are a victim of their own success, that this used to be a conference for this tiny community in the world of david against was goliath. forveryone got excited because you could do interesting new things, but now everyone expects apple to unveil some world changing thing every time they hit the stage. this one felt like the ones of old where they were fixing a lot of things they should have fixed, addressing a lot of opportunities that people felt they had not addressed, and taking on competitors who might have been more nimble over the past 5-10 years. >> i remember when you're writing for mac week. that the problems are nowhere as bad at apple, but there are some serious notes. photodid not get their stuff quite right, that is why instagram exists. >> everything that made big news were things that apple really needed to addre

apple shareholders? not so easy to spock unless you consider that apple is in a ton of the funds that we own. today your applefound margo nunez working her iphone and ipad at the same time, possibly tallying up the value of her apple stock. >> i will continue to invest, continue to use the products and continue to see how it grows. >> reporter: her stock holdings just grew thanks to a stock split that increased the number of shares that she has. and because the stock price is still going up, increased her net worth. >> it's positive. because i see that the company's financially stable. that they can split the stock. and they're in it for the long haul. >> reporter: david runs all about trends, tracking apple stock for clients. he says with strong earnings and possible products, apple is a good company to own. and its price, which had been in the 600s just got less intimidating. >> here's an opportunity for investors to get in at a much lower price. if you missed the big runup already in apple, now's the chance to get in at a much lower price. >> reporter: these days apple users are easy to spot. if you have a

apple or samsung? >> our choice hands down is apple. the september 2014 time frame with the introduction of the iphone 6 which will be a larger screened phone. a product category that samsung has dominated. the expectation, if apple is coming up with a bigger phone, you can see a fairly substantial upgrade not only out of apple's current customers but brands like sum sang. >> david, if somebody has new money they want to invest in a stock, you say put it in apple over samsung. why and how much growth you can expect in your investment over the next year. >> oh, we think bottom line looking at probably an 18 to 20% upside. a price level of about $107 a share including your dividend income but we would say more important, the earnings acceleration coming from the new product introductions and note that ahead of that, we're looking at a situation where for samsung, even though we do look for upside over the next 12 months, for samsung we note the company has been missing expe expectations and ramped down the smart phone production to clear out excess inventory and dealer channels. >> does this mean the fact that you like apple more, does this mean you dislike samsung? do you think samsung is a loser or not as big a g

appl apple. january cool took a job at apple on twitter saying very flat toring see appleboro numerous feature into message in 8. he didn't see what feature were borrowed but apple unveil option that have audio video message into i that already appear in there and apple show off a feature that cause messages to self-destruct unless users chose otherwise. that's already being perceived as threat to app like snap chat. >> despite announcement today. apple stock fell 4 35 a share. some investors hoping the company might introduce the own smart watch. the in switzerland tonight first flight for plane that can theoretically remain airborne indefinitely. it's called the solar impulse 2. bigger better version of plane that took off experimental flight from the bay area this time last year it operates on so already power using more than 17,000 panel. soaking up the sun energy. solar impulse 2 maiden voyage today spending more than 2 hours in the air. project founder provided us with this video. they hope to flight around the world next year. interesting t. >> really interesting. >> look at the wing span. >

apple. is your creativity limited now that you all don't own what you do? >> i don't look at apple is the man. -- as the man. i look at applevery awesome company that makes tools that i create music on. i make my music on apple products. you go around the world and listen to music on apple products. i don't know what the man means. that is yester world. we are in this collaborative state of culture. big companies are going and collaborating with unlikely candidates, whether for , creative consulting consulting, stuff like that. is a signse of beats to show you where things are going and it is a hybrid of tech and culture. >> we run the risk that these tech companies are cannibalizing artist, streaming music, does it hurt the artist who used to create his own music and sell it out of the back of the car? now that streaming service is giving me my music. >> you just dove into a very complex web. if you want to talk about that, i'm willing to give you information on just how artists are being screwed. artiste portly, how one has showed you the way on how to do it, dre. you howsts have showed to do it, jay-z. there are other wa

morgan, apple, microsoft, ge and chevron, google, apple, microsoft, and yahoo!, and apple- apple, and microsoft, jand j, ge, and apple microsoft, out of 25 names, potential names you could have 25 different stocks that is diversification you have 11. overwhelmingly exposeed to technology, only one of these proclaims to a tech fund. i have to tell you, if you are a mutual fund investor, look under the hood. know what the funds own, it is easy to find top 20 holdings, find them, look them up, make sure you are not doubling them up, make sure you buy things that different, not different names but funds are different. and when you are at work, tell your employer, i want more options, too many businesss have so small selections, i know they are probably intimidated. they want to go safe, but if you are ever going to outperform the market have you on break some of the old habits. charles: coming up. name of the game, here, is always making money. ♪ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ shcan print amazing things, right from her computer. [ whir

apple's had mixed results with three previous splits, all two for one, a far cry from today's very rare seven for one split. apple hopes to broaden the shareholder base. in 1987, the apple split proceeded a 2% share rise in the following year. after a 2000 split, share price dropped 57%. so is apple a trailblazer? will more high-priced companies split this year? howard silverblatt names the usual subject. >> over a thousand, chipotle 500. amazon is in the range. auto zone 400. google just did a split. still over 500. the's a lot of companies considered higher priced traditionally and trading out there. >> one company whose shares didn't make the potential split list is warren buffett berkshire hathaway selling for $192,000 and buffett likes it that way for a stable shareholder base. he did, however, once split his limited rights b-shares 50 for 1 to create more currency for the acquisition of burlington northern. >>> timing, meanwhile, the magazine unit home to people, supreme courts illustrated and time magazine was spun off from time warner today. "time" shares made the debut on new york stock exchange. the chief executive sounded upbeat about the company's prospects

apple ale. yea. me too. redd's apple ale. crisp like an apple. brewed like an ale. this is lady. ♪ she's a unicorn... ...and a pegasus. and why is she strapped to the roof of my rav4? well, if you have kids... ...then you know why. now the real question. where's this thing going in the house? the rav4 toyota. let's go places. have o'hare party repair remove them. and install tostitos cantina chips and salsa. guaranteed to bring that south of the border je ne sais quoi to any occasion! tostitos. bring the party. you don't try to catch... ...will get away. seize the summer with up to 40% off hotels from travelocity. >> stephen: my guest tonight is a journalist who believes it's time to pay reparations to black people. reparations? i got to fix their air conditioning now? please welcome ta-nehesia coates. [cheering and applause] hey, good see you, ta-nehesia. >> thanks for having me. >> stephen: thanks for coming back. mr. coates, good to see you again. thanks for being here. >> thanks for having me. >> stephen: i'm mad at you, man. >> all right. >> stephen: you are th

apple. apple has got the apple tv. it's now on this second or third edition. it's getting better. at i find all of these set top devices lack is any sort of premium content access. yes, you can get hbo through your apple tv. if you have an existing cable scub subscription that gives you hbo. it would be interesting to say without having a cable subscription you can now get it through it us. >> do you think that might happen? >> google is there in the silicon valley, i'm excited about it. the price point will be right that it will get into the hand more consumers. >>> and thank you for joining me today. i'm carol costello, qo"@this ho" with berman and michaela after a break. people here know that our operations have an impact locally. we're using more natural gas vehicles than ever before. the trucks are reliable, that's good for business. but they also reduce emissions, and that's good for everyone. it makes me feel very good about the future of our company. ♪ ♪ ♪ great rates for great rides. geico motorcycle, see how much you could save. female announcer: female announcer: when yo

apple ale! gravity! what's that? i have no idea. redd's apple ale. crisp like an apple. brewed like an ale. fast fruit flavor,fe, watermelon, blue razz green apple. your taste buds dancing. it's the jolly rancher, we make it happen. untamed fruit flavor. jolly rancher. >> welcome back to the show. measles, mumps, rubella. they're in baby. a blast from the past. terrible. i don't know why i said that. you know what is terrible. the reason these preventable diseases have returned. as we report. >> conservatives are fighting the good fight against something they think that threatens us all. science. >> science, there isn't a consensus on a lost basis questions. >> scientists lied to us. >> i'm not impressed by numbers or consensus. >> this has tragic consequences. infectious disease specialist explains. >> it's increasing. we have gone over the tipping point where you see vaccine preventable diseases coming back. measles, mumps, whooping could of. when you are a scientific denialist you can do a lot of harm. >> is it fare to blame the other side. every scientific fact has a counter fact that's

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apple products are expensive in china. c is $700, 7 c -- 5 $800, easy for xiaomi to underprice is. >> especially when they're not concerned with profits and apple certainly is apple one hand held behind its back in china. they haven't had the freedom to open up business in china like they would so on a global basis, apple sold $91 billion in smartphones last year compared to the $5 billion in xiaomi. those numbers aren't close. >> but they are opening chinese retail stores. they have the partnership with china mobile now. samsung is the number one smart phone seller in china. apple, i believe, is number four behind xiaomi. i wonder whether xiaomi has what it takes to get to the top. >> you know, it's -- for them the challenge is supply chain. they sold 18 million phones last year but they left a lot of customers disappointed. those phones are hard to get. the mi 3 is only now fully available almost a year after it was released. their problem is execution. >> if you lose one in every phone maybe you don't want to have a lot of supply. apple is a $421 billion company by enterprise value. xiaomi may be $10 billion. i think the interest is how the business works, now

four years old and already more popular than apple omi is goingxiam global, launching in 10 new countries next year. how has the apple of china become apple's biggest red in china? we revealed the secret to their success in a bloomberg west special. >> welcome to this special edition of bloomberg west. i'm emily chang. it is one of the fastest-growing technology companies in the world. one of the fastest growing tech markets in the world. we are talking about a company that is only four years old that already sells more smart phones in china than apple. we will be taking an in-depth look at their charismatic leader and its ambitious global land. i want to bring in my editor-at-large, cory johnson. his article is the centerpiece of this week's global tech issue of humbert -- bloomberg businessweek. spent 10 days there. that is a long time. this is a company that is called the apple of china. is it really? >> i think, in a lot of ways, it is. xiaomi, in four years, has built a brand that consumers love. it has grown very fast and sold 18 million smart phones. lot of customers disappointed. the phones are hard to get. they grew the supply chai

apple ale. yea. me too. redd's apple ale. crisp like an apple. brewed like an ale.cereal. wicked crunch outside. smooth chocolate inside. krave cereal! take the dare to krave challenge on facebook, if you dare. take the dare to krave challenge on facebook, after the rxbox, on life time, i've been, busy. so i look forward to my downtime. xbox, go to titanfall. this is insane. check this out xbox, snap tv. it does two things at once so i can play games while i watch my favorite shows at the same time. whoa. xbox, record that. i just wish i had more time to play yo. xbox one now starting at $399. >> stephen: that's it for "the report," everybody. good night. captioning sponsored by comedy central captioned by media access group at wgbh access.wgbh.org captioning sponsored by comedy central >> it's 11:59 and 59 seconds. this happened on rockstargames.com today. a new update is here for "grand theft auto 5," and the world's most popular sadistic murder simulator just got a whole lot more fashion-forward. now, you've got the option to dress you character like a hipster an

apple ale! gravity! what's that? i have no idea. redd's apple ale. crisp like an apple. stephen: welcome back, everybody! folks, i don't know about you, folks, but i for one grew up in a time when the genders were clearly defined. one was the breadwinner, pant-wearer and channel-changer-haver. the other was the nurturer, emotion-haver, and was triangle-shaped. (laughter) but now men are becoming women, women are becoming men, and my inbox is becoming full of your angry letters every time i talk about it. i know. i know. i'm cis-hetero nazie scum. i accept your judgment. but now the trans-genders are trans-forming a new segment of america. >> medicare patients may now apply to have sex change operations funded by you, the taxpayer. an appeals board for the department of health and human services says there is no justification for a three-decade-old rule excluding the procedure. >> medicare covers 49 million senior citizens. it's not clear how many might be affected by the ruling. (laughter) >> stephen: no, no. could be all 49 million. now it's gonna be the lgbt aarp. (app

2014 and if they don't do it, they belong with apple. >> apple, not google -- that is a huge debate. the design level, social dna, neither google nor appleof that. >> we need to spend some time on twitter and apple. john borthwick with us as well. in france -- i think he is in paris, lending the today -- jeffrey immelt lending to promote a deal with alstom. good morning, it is "bloomberg surveillance >> good morning, everyone. "bloomberg surveillance." i am tom keene. with me, scarlet fu and adam johnson. our guest host john borthwick. >> prosecutors are widening their investigation into the foreign exchange trading industry. according to people familiar with the matter, the justice carmen in his interviewing salespeople of the world's biggest banks, looking into whether they traded ahead of their clients for big benchmarks. in the boston marathon bombing want to move the trial to washington, d.c. 3 people, you may recall, were killed in the attack and at 2 others were wounded. chile world cup, brazil, pain 2-zero, knocking spain out of the tournament and ending spain's six-year dominance in soccer. that is quite a big deal. >> best part

apple. [ light laughter ] apple? [ laughter ] >> jimmy: she's crunching -- >> apple? a. >> jimmy: all right, stop -- >> do you want another one? feed her. just one at a time. >> jimmy: all right. i will, jeff! >> all right, we'll feed it. come on. feed it. you're teasing an elephant. there you go. look at that. that's so cool. [ cheers and applause ] so cool. and the pressure in their feet is ridiculous. you want to see something so cool? >> jimmy: yeah. watch this. rosario, back up a little. i don't want you to get any watermelon juice on you. but check this out. look at this. here, roxie. show them -- yeah, gentle pressure. [ audience ohs ] >> jimmy: so cool. >> jimmy? jimmy? lay down. we're going to see how much pressure she has in her feet. just lay down. >> jimmy: no, i'm not going to do that. >> she'll do it lightly. >> jimmy: she's not going to do it lightly. i'm not going to do that at all. >> so cool, right? >> jimmy: that was -- >> one of my favorites. >> jimmy: this is just great. >> you want to give a ride with an elephant? [ cheers ] >> jimmy: what do i do

they could not afford the risk of going to trial so they settled. >> apple could afford it. >> yes, apple could afford it and appleelieves, as i believe, that they did not conspire. apple came to market with a superior business model that appeal to publishers and allowed publishers to set the price of their own books and gave publishers control over their destiny. amazon did not like that. the justice department took that as a conspiracy and came down on all of them. is fighting it and they will appeal it and hopefully take it all the way to the supreme court and i hope it prevails. this really was the publishers struggling to respond to amazon and their strong-arm tactics. you can see amazon trying to do the same kind of things like in the supermarket model. for payments of where you would appear on the shelf. definitely, amazon's model is all about taking margin and putting the pressure on the suppliers to cut costs. that works in many businesses but it does not work as well in publishing. >> ironically since that's where they started. >> publishers created amazon and publishers created the amazon problem. amazo