apple's monopoly in the app store to hurt competitors. that i buy spotify's argument yesterday that there's something anti-competitive about bundling apple music with appleplus and apple news plus, i find less persuasive, right. spotify bundles with hulu. i don't think a bundle is a real anti-trust problem but what's so interesting about spotify in this context is part of the reason why i think the apple bundle won't massively succeed is because people like spotify so much. and so if you have a spotify account and you're happy, the apple bundle isn't really a deal so, i think spotify was complaining little much yesterday. they should just go out and compete. >> i don't know, nick. i'm not sure i agree with you because i mean, bundling what was a big part of what the browser thing that microsoft had to do with anti-trust wise was about all though you can go a la carte on this and i'm on spotify but this will make me think about it at least. but i want to talk about the ipad, too. because we haven't and just last quarter the ipad did more revenue for apple than the entire wearables category. so, isn't there a big opportunity here if this productivity shift

apple apple has announced a brand new fitness service the app will allow users to work out to video sessions with real trainers it's designed to link up with the company's apple watch a new version of which was also announced today it's. now the experience of dining out if one can dine out has certainly changed mass to waiters digital menus spaced out tables you name it but social distancing will become even harder once the weather gets colder and diners have to sit indoors the thought is making restaurant owners a little queasy. to spend this music is the same but the look of being close topless bar has changed the tables once crowded together no have to allow for one and a half metres social distancing only half as many people can eat here and that's not . easy for the fun feeling that we used to have here people laughing patting each other on the back hugging. their that's all gone. now everyone's distanced and we're seeing it in our earnings to. the employers trying to make the bar inviting despite the kobe 1000 restrictions he's redecorated the wine bottles act to keep patrons apart now he's looking for ways of fitting in more gifts once it gets colder o

apple. mr. biden wins, don't worry so much about amazon and maybe feel safer there and what on apple? applee okay under biden administration >> apple would pay higher taxes and to the extent that lower taxes more money for buy backs that would be problematic for apple. apple stands to benefit under trump and be challenged underco. thank you. >>> mump more on the sell off we're seeing today it's not the usual suspects dragging us down a look at the names to the dow's loss their are hoywl,neel united health and 3m. we'll be right back. stay with us that's what my dad does. good job, michael! ok, lindsey now tell the class what your mommy does... my mom has super powers. it's like she can see the future. what?! it's like she time travels in a rocket ship. that's cool! and then she comes back saying "try this" or "try that." she helps everyone. she helps them feel less worried. wow! mommy, so what is it that you do? i'm a financial advisor. she is! aig proudly supports all the professionals taking care of our financial futures. ...i was just fighting an uphill battle in my career. so when i hea

tv plus apple arcade, their gaming service, apple news, apple fitness plus i'll get to that in a sec in one bundle the coast herean individual plan, 14.95 per month. the family plan 19.95 per month available this fall. 30 days for free also can apple up sell its fans maybe you only use cloud storage. can apple hook you into the more pricey bundle instead? new services apple fitness plus that's for the watch it's to get you fit. you can choose a work out from this catalog of videos and you get a summary of your metric, calorie, aver rage heart rate many of the work outs will require no equipment peleton did move lower the price, 9.99 a month. that will be available by tend of the year. new hardware we did get new watches including the series 6 that's new case, new bands, new watch faces. on the inside, interesting a new health sensor which will let users measure their blood oxygen levels right from their wrist. that's a key vital sign. that's also another watch. called the watch se. also going to watch the new at 279. >> josh, thank you very much >>> coming u

when you look at apple, apple is 13% of the qs, amazon 10%, microsoft 10% of the qs. when you look at a chart of apple, go back to the date where they announced the split that's where the stock jumped. so what's relevant about the price that it's trading at now around 107, that's the level that it jumped to. so if you want to see where the support should be in the name, i think it's going to trade to the 100 day. by the way, this is the first time it's been below the 50 day since april, brian i think it's going to the 100 day, which is 96 and ultimately to the 200. that's $83 do you realize what the world would say if apple traded down to $83 cats and dogs living in harmony together, this would be disastrous for tech, but it would be tremendous for value. i've been positioned that way. i think it's the start of something much bigger. this year is the worst level that value has traded to on a valuati valuation. it's over. it's extended. value is the new growth. >> good thing you didn't bring a hot take or anything like that by the way, steve, we were happy when apple hit 83 on the upside, presplit, of

apple 1 let's get back to josh lipton. josh >> it's going to be this bundle which includes icloud, apple tv, apple arcade, their game servicea new service called apple fitness plus, which i'll get to in a second in one bundle, the individual plan $14.95 per month, the family $19.95 per month. apple 1 will be available this fall, 30 days for free it's interesting because if you think about it, let's say you're an icloud subscriber and customer and you pay a buck a month, are you interested in this bundle? can apple get you to upsell to more services? that would make apple very happy. john ford said he's watching this, too. this bundle makes him think about ditching spotify i want to mention his new fitness service, apple fitness plus for the watch this is interesting, too, kelly. what you'll do is choose a workout from this cat a lalog o videos you get a summary of the metric, average burned heart rate, yoga, strength many workouts requiring no equipment. the price there is $9.99 per month unveiled by the end of the year you get it free for three months if you buy a new watch when it was announced, we did see peloton moving

don't know, basically own you from sunrise to sunset and beyond, apple announced three bundles with varying mixes of apple music, apple streaming, apple tv and so much more. starting with $14.95 offering all the way up to $29.95. and there's more. susan li with the steak now which really quickened the pulses of the apple faithful. we are seeing some video of that right now. susan: two new apple watches, two new ipads, one services bundle and you got what you expected when it comes to the watch. a new health feature and yes, that does include blood oxygen monitoring, using infrared sensors. how cool is that? you get a cheaper watch as well which starts at $279 called the new watch se and then of course, the apple series 6 watch which starts at $399. let's do the services bundle. you have tiers with individual plans that start at $14.95. this was a little bit of a surprise. most people expected that maybe in october, when they announce the new 5g iphone 12, but no, you got it today. that's interesting because you not only get the cloud, you get apple news, apple music and tv plus all in one. let's get to the ipads. thes

request like this of apple apple really can't say no because it knows that the that washington wants it to comply it sets a very worrying president doesn't if you think about this then if apple does yield this and it looks like it is going to then you could get any other security agency say in germany or belgium or anywhere else saying look we want you to take the apps down of this country and it's very poor very poor of apple and they still lose credibility as if they'll continue simply to request the one country security services against another country so you know apple will lose out on this the same way facebook is going to lose out twitter is going to lose credibility over its branding policy of russian affiliated media these companies go make the call are they going to stand up to what they originally claimed to be about free speech and free information or are they going to buckle under political pressure as part of your political wars or go information was. britain is tightening its coronavirus restrictions due to a shop increase in infections and england gatherings of more than 6 people will be banned indoors and outdoors from monday on woods and 7 rules are being in

apple. apple manufactures in china, apple sells a lot of iphones in china, and if i were tim cook, i would be that has a lot of business in china and they could take it for almost any reason they want, given the haphazard nature of the trump administration's policy on tiktok. nicholas thompson there. let's get some of the day's other news two people have been killed in greece in a rare mediterranean hurricane. the storm, ianos, brought torrential rain and high winds to the ionian islands and western peloponnese. police say at least two other people are missing. meteorologists say cyclones were virtually unheard of in the area until the 1990s — when the mediterranean began to warm. the fbi and the us secret service are investigating the origin of a letter addressed to donald trump which media reports say contained ricin, a deadly toxin. officials have given no details, but say the item was intercepted before it reached the white house. they said there was no threat to public safety. the us secretary of state, mike pompeo, has praised colombia for its efforts to promote regime change and restor

apple, which is down more than 5% this week alone. if you think the bottom is about to fall out of the tech trade, don't panic. tony, walk us through it >> my play on apple is really a continuation of our previous discussion about how i believe this selloff is going to be contained here with the volatility we've seen over the past couple of days. if we look at appleroxy here for the nasdaq 100. if we look at the chart, there's no question about the strength of this particular chart relative to the technology sector, relative to the market and arguably one of the stronger fundamental outlooks within the tech sector. this chart -- so from a technical perspective, a fundamental perspective, i like it and i like the fact that it got back below the 20-day moving average. that's the opportunity i see for a potential long opportunity what's interesting is something that mike laid out about the vix and the s&p 500. is that the apple implied volatility, the front month implied volatility has increased over the past couple of weeks as the stock has reached all-time highs we have this elevated implied volatility that's what i'm looking to take advantage of of selling some premium and collecting some volatility so even if apple stays sideways or moves higher, i'm going to be able to profit from this. so the trade structure i'm looking to use here is to go ou

the dow up about 300 points, pulled higher by apple. apple has an event tomorrow. it'll be a virtual event we'll be covering that of course. and we have questions about this whole tiktok deal trying to understand what's their play i ? [ dog barking ] >> i can see your dog's even excited about it. thanks, scott. >>> well, coming up for you, bart is trying to get things a little bit more back to normal, the way the transit agency is getting back on schedule. >>> plus, two los angeles county deputies ambushed while responding to a call. the intense search for the gunman as the deputies recover. >>> and we're getting a look at "the kelly clarkson show." the new virtual audience, we're going to tell you how you can be a part of the show as well. and you can watch kelly clarkson right here on nbc bay area coming up at 3:00 this afternoon. together, we can save energy and money... by taking steps to stay cool while using less. keep safe and keep it golden. >>> welcome back. now to that ambush and manhut in compton, california. police are looking for the person who shot tw

system or in the case of apple apple's payment systems and so google is saying look it's time for this to change we're going to give you a year to put in place and this comes as apple's also been trying to be a bit more forceful and as it's been responding to some complaints by app developers against this 30 percent cut that's really what it comes down to this 30 percent cut we should mention that goes on a 15 percent after one year of an app use but everyone's focused on a big number and it's basically fuelling lawsuits and some complaints from apple users that frankly is too much in its anti competitive you know one developer has gone further than just complaining about this when they had a fit. games suing apple and google have this 30 percent cut if they got much of a chance against these giants right will rather mean that the environment definitely seems much better for right now at the games isn't alone it's probably going to be joined by spotify and others we're seeing app developers starting to work together and start to drop some of their complaints and they do have a better case now because they're not going to be alone because also europe has already made

but the more apple can put its services into one big bucket and willt to people, not only their loyalty to apple b and hands but they will buy more applees with their astonishingly high profit margins. the services have a high profit margin. apple is a matter of creating products and services with really high margins. to bundle them together and give a little discount is not a major sacrifice for the company and has enormous benefits in the long term. vonnie: particularly before when they were not doing it with music. not every single apple service , think apple tv. it falls short in some areas. what about the phone? how much will apple depend on something related to the phone in order to boost its holiday quarter? >> the phones are not coming for another few weeks or sometime in october i think is what the word is. is, they are producing 500 million of these things for 5g. i think that's a major new function and feature that the apple phone will offer in this next generation. that may alone be enough to generate excitement. people are finally getting onto the idea that 5g ecosystem in wireless is a fundamental shift and will allow a w

closer together has washington's approval so therefore when the ukraine makes a request like this of apple apple really can't say no because it knows that the that washington wants it 'd to comply. previously little known feminist book with a small print runs receive a surprise publicity post in france softer a senior official there called for it to be bad and an advisor to the gender equality ministry said the title i hate men went too far. this book is obviously an ode to misandry which is clear from the summary and the title i would like to remind you that incitement to hatred on the basis of gender is a criminal offense this man works for the secretary of state for gender equality whose mission is to do something about sexual assault and rape it seems outrageous that she was more concerned about censoring a small family his book than doing his job the book's publisher monster graphic called claims of inciting hatred though ridiculous the author a 25 year old activist from says her work encourages female readers to take less and coat of the often unsupported opinions of men and to rediscover

but apple had the combination from the get go with the as and the eco system around the ipad age the rest were good for apple's business, but also for the consumers. >> joanna, the inverse, perhaps applee inverse, maybe apple got the tab let right, but we have been talking about the education space, and google and chrome book had the lead there. what do you think apple needs to do to catch up it is potentially a very lucrative space >> yeah, it is a really interesting comparison between an ipad and a chrome book. it has been cost and durability. if you are going to deploy these laptops to all of your students, you want to have a rebust type of rugged system that will not break. ipads have not been that it is a big piece of glass that say they have made a lot of inroads. so i mean in terms of picking an ipad or a chrome book, i think there are different options and things that people are considering there. today we hear about the lower price point of the ipad. take it off, use the touch screen, and how much bet near can be than a traditional laptop >> are they focusing on high price or low price items, they have funds to spend that they might have used on travel. >> that is a great que

apple apple unveils a slew of new gadgets including a watch that checks your vitals and is a virtual fitness center. later a teenaged hero who saved four people from a burning car tells why he did not hesitate to jump into danger. not high risk. false positive and negative results may occur. ask your prescriber if cologuard is right for you. i'm on it. that's a step in the right direction. (stasha vo) i used to braid my brother's hair, my sister's hair, (stasha vo) i really don't remember not being able to braid. [laughs.] i'm on it. neighbor's hair. (stasha vo) when everything shut down, i thought, "you know what? people have been asking for online classes for the longest." it was amazing. business kept growing and growing and growing. (stasha vo) i feel blessed that i can still connect with others. support others. and i am still going. to give you the protein you need with less of the sugar you don't. [grunting noise] i'll take that. woohoo! 30 grams of protein and 1 gram of sugar. ensure max protein. with nutrients to support immune health. a lot goes through your mind. with fidelity wealth management, your dedicated adviser can give you straightforward advice and tailored recommendations. that's the clarity you get with fidelity wealth management. here's to the duers. to all the people who realize they can du more with less asthma thanks to dupixent, the add-on treatment for specific types of moderate-to-severe asthma. dupixent isn't for sudden breathing problems. it can improve lung function for better breathing in as little as 2 weeks and help prevent severe asthma attacks. it's not a steroid but can help reduce or eliminate oral steroids. dupixent can cause serious allergic reactions including anaphylaxis. get help right away if you have rash, shortness of breath, chest pain, tingling or numbness in your limbs. tell your doctor if you have a parasitic infection and don't change or stop your asthma treatments, including steroids, without talking to your doctor. are you ready to du more with less asthma? talk to your asthma specialist about dupixent. if your financial situation has changed, we may be able to help. for the suspect in that attack. poisoned russian opposite leader alexei navalny is recoverin >> o'donnell: poisoned russian opposition leader alexei navalny is recovering in a social media post today, he says he's now breathing without the help of a ventilator. he posed with family from his hospital bed in berlin, where he was taken after suddenly falling ill in russia last month. despite being poisoned, navalny plans to return home to russia he says when he is able. appled the new ipad air today, along with a new watch that can measure blood oxygen levels. aple also unveiled a new virtual fitness service that allows you to use an apple watch to try workouts with the world's top fitness trainers. the iphone 12 is expected to be unveiled later this fall. coming up next, it's hard to believe anyone survived the fire that destroyed this car. we'll meet the teenager who saved a mom and three children. g cancer can take away so much. but today there's a combination of two immunotherapies you can take first. one that could mean... a chance to live longer. opdivo plus yervoy is for adults newly diagnosed with non-small cell lung cancer that has spread and that tests positive for pd-l1 and does not have an abnormal egfr or alk gene. it's the first and only approved chemo-free combination of two immunotherapies that works together in different ways to harness the power of the immune system. opdivo plus yervoy equals a chance for more days. more nights. more beau

theires and trying to use hardware success to drive revenue with this apple one subscription that will include icloud, apple tv, gaming, applercade as well as apple news. led as apple'sbil twist on amazon prime. how significant do you think this could be as a revenue driver? is there a comparison to prime? dan: there is. prime, you get unlimited shipping, you get access to the tv, and so forth. they are trying to do the same thing. they have all these different services and they are trying to put them together. i think it is a good way to go. i think the only thing missing, i remember last year we spent a lot of time talking about apple tv. the four dollars 99 but they.99 service, did not pay a lot of money into content. it will be interesting, with this new bundle, will they renew that interest in apple tv and try to really go head to head against like a netflix? emily: always good to have you on the show. we will talk more about apple later on. senior portfolio manager at synovus. coming up, oracle's bid for tiktok under national security review at the moment. there is one big thing missing that the president has asked for

apple put in place to set up its marketplace. so apple is striking back now to talk to prevent any user from epic'sto go through direct payment system. to seeit is interesting applees. apple has piles and piles of cash and is run of the richest companies in the world, and also a multibillion dollar company, that apple should become an sated the losses. malathi: it is an interesting move by apple, given that epic isn't seeking damages in the suit it filed. epic, according to epic it is only looking to fight back against apple's market dominance and charging customers a fee. says and its countersuit it suffered harm because epic usurped its commission and has broken app store rules under once damages to compensate for loss of the fees and broken customer relationships. apple is even asking for punitive damages, which is an elevated fine, to punish epic for its alleged fraudulent conduct in setting up its own marketplace. it is an interesting move. apple, i think, is trying to strike back with as much force as possible. next: what is the legal move? athi: september 20, the judge overseeing the case has set a hearing in which the judge will decide whether epic should

apples to apples. adriana: very good point. we are comparing apples0when we compare employment -- unemployment claims this week compared to 1.1 million the week before. there was a seasonal adjustment that the department of labor decided to tweak. unfortunately, they did not adjust the claims going back to march. as you said, this is not an apples to apples comparison. what we know is claims this week, if you have not john the adjustment, would be closer to 1.6 million. -- not is what in the headlines this morning, but people should keep that in mind. number, the same methodology we have been using along since march, would be hired. have 58ns basically we theion americans who since middle of march at claimed unemployment benefits. about 30 million of those continue to claim benefits. surprise the unemployment rate remains stubbornly high, at the highest rate we have seen since the great depression. david: no question it is too high, everyone agrees on that. is the trend line in the right direction? continuing claims have come down, have they not? one

spreads obviously this is going to depend a little bit on your view on apple, but i'm not bullish on apple here >> how does apple was another stock that had a great rebound in today's session. >> it did. look, it's beloved it's the most owned. here's the thing, if you can drop 19% in two days, it's safety that it's perceived to be is just in the eye of the holder, meaning, it is until it isn't. so the real question is just knowing that this stock has had five 35% plus drawdowns over the past decade, 19% in two days aggressive, i think you do have to have an options strategy because there's always the potential that there's another down >>> up next, you still have more questions and we still have at least some of the answers. your tweets and the final trade. stay tuned i have an idea for a trade. oh yeah, you going to place it? not until i'm sure. why don't you call td ameritrade for a strategy gut check? what's that? you run it by an expert, you talk about the risk and potential profit and loss. could've used that before i hired my interior decorator. voila! maybe a couple throw pillows would help. get a strateg

apple adding three new apple watches to its portfolio. new

apple stands alone it's the only general purpose platform to deny consumers >> josh, what would that mean for apple and why would they make a move like this at a time like this when they're already under a lot of antitrust scrutiny over the apple practices? >> so apple is going to say -- kif is right apple is going to say, listen, we have policies in place and these policies were put in place to protect the customers we want to review every app. if the app is going to use a payment processing system, it should be our system the safety and security, they'll argue, is one reason the store has been so successful in the first place. that's why there are too many apps available to consumers. to your point, kelly, it is certainly coming at an interesting time for apple we know the app store is under intensive scrutiny by regulators they have that nasty ongoing fight from the creator of epic i have not heard apple, though, budge on some of these issues. they have remained very firm, saying most of the apps are free when they do charge a commission, it's largely in line with other digital marketplaces and they'll argue that competition is alive and well. to kif's point, they must have known this would certainly frustrate some big tech

apples to apples comparison, but the numbers we are talking about in the u.s. are 2, 3, $1 trillion. this is a 100 billion euro plan. is that something we would expect? stephanie: it is not applesples because of the nature of the u.s. economy and the size of u.s. economy and the size of the escalation and the nature of that. on the other hand, you have to view this in light of the overall support you're getting in france in general. it is overall a signal of the willingness to continue to support the economy going forward, and definitely pushing back against ideas around return to austerity, which is important in the european context because the sovereign debt crisis are not that long ago and they are very much fresh in the minds of many investors. ongoing public signaling is important relative to the u.s. numbers. they look artificial low -- artificially low. guy: can we pivot to what is happening in germany? the russian opposition leader now confirmed to have been poisoned. german foreign policy tends to be very mercantile. i am wondering, therefore, if the calls to stop the building of nord stream 2, the gas pipeline from russia, is something angela merkel is prepared to do?

apple and peloton, are they even competitors? is that even a threat for apple or for peloton >> well, i think it's clear that apr apple is trying to digital everything. so i think it is a big affirmation that the change we have seen in workout from home are here to stay apple very much wants to be a participant there. the i think it is really interesting that some of the big tech companies are truly bulling out platforms for enterprises and consumers and obviously that helps with the revenue growth potential. the other thing i think is interesting about the apple news is we got everything but the iphone hopefully that is coming next month. they also have big implications for the supply chain the more products we have, the more opportunities for supply chain to benefit from that i think that's critical today. >> mike, are we moving closer to a situation maybe in the next year or two or perhaps a little further out where apple just becomes totally subscription based including the all important hardware like the iphone thrown in as well and upgrade every year >> it's edged in that direction. just essentially spreading out the payment

apple is coming out with a new subscription bundle soon. here is "techbytes." >>> a sub be description service coming from apple, reports say the apple will unveil apple 1 this fall, customers can get discounts on apple services like music and icloud subscriptions if they sign up for one of the bundle packages. >>> amazon is launching alexa 3ri7 print that allows you to control your printers with voice commands. and it can print out things like a to-do list and cookbook recipes. >>> and apple's store in singapore is floating. it is made up of 114 individual pieces of glass that are held in place by ten support bars. the store offers a 360 degree view of singapore's skyline and apple products. beautiful. those are your "techbytes." >>> a show of unity on the field at the nfl season opener. the controversial moment involving fans. >>> and a district with art, banners and lights, the importan inflammation in your eye might be to blame.ck, looks like a great day for achy, burning eyes over-the-counter eye dropscallys y dioxiidrawon't touch . what is that? xiidra, noooo! it can provide lasting relief. xiidra is the only fda approved treatment specifi

apple watch to now read oxygenation levels through the watch. that is a big deal, especially in this day and age of covid. an important achievement really. something called apple one. that's all apple services in one monthly payment. and apple realizing services can be as profitable as itsor ipad, better performance of the new ipad air. [ bell ringing ] apple stock is up this morning as is most of the stock market as well. it seems like they've got the jitters from last week out of the way, although, marcus, september tends to be very difficult on stocks. so, with this apple thing, not a lot of new things, new colors, new improvements. but it is easy to forget what miraculous things apple is able to accomplish, particularly the oxygenation -- i have such trouble saying that through its watch. but, again, no brand-new products to tell you about, just improvements on very good old products. >> absolutely, scott. and that's the word i have a hard time saying too. thanks. >>> well, just into our news room, a big bust by federal officials and concord police. this is of a street gang alleged to have operated throughout contra costa county. three people now face charges linked to unsolved

apple introduces new products, they tend to have something with more power. perhaps more memory, more features in the apple watch standpoint. one thing that has been pretty clear, applet part of what they believe is their role to help us stay fit and healthy i suspect anything that comes out over the apple watch besides new design/more power, et cetera would also have a pretty strong focus on health and fitness. >> they don't want to scare people off but also probably like that cash flow. i hear what you are saying to bundle everything into a platter. that could be a big platter. do you expect any -- and one more thing type of surprises >> no. i doubt that again, the rumor mill and some of our sources have been pretty clear that this is really going to be focused more on probably the watch and more likely something in the ipad arena. again, we are hearing from the rumor mill these are the guys that seem to be really close to an understanding of what might be happening that their service business which continues to grow is something that probably fits this september announcement. >> one thing that is really interesting by the way on this particular style is the fact t

apple apple has announced a brand new fitness service the app will allow users to work out to video sessions with real traders it's designed to link up with the company's apple watch a new version of which was also announced today it's. now the experience of dining out if one can dine out has certainly changed mass the waiter is digital menu spaced out tables you name it but social distancing will become even harder once the weather gets colder and diners have to sit endorsed the thought is making restaurant owners a little queasy. the spanish music is the same but the look of parenting close tapas bar has changed the tables once crowded together now have to allow for one and a half metres social distancing only half as many people can eat here and that's not all. use a word of the fun feeling that we used to have here people laughing patting each other on the back hugging. that's all gone. now everyone's distanced and we're seeing it in our earnings to. be trying to make the bar inviting despite the coded 1000 restrictions he's read decorated the wine bottles act to keep patrons apart now he's looking for ways of fitting in more gifts once it gets colder ou

apple being higher for the day as a good positive indicator. apple should be higher >> wasn't able to sustain that it's in a bear market. as long as apple remains under some pressure, you have to believe the overall market will have a bit of its own problem, don't you think. >> possibly. first of all, we needed a correction whether it's because the case, the daily case in europe are now ahead of the u.s. or the debate's next weekend or the election coming up we needed the sell off this is great thing. investors have to remember, they have to be comfortable being uncomfortable. i think it was a healthy sell off. would like to see more that's going to be a good opportunity to get back into some of these growth names that are having a tiny little correction right now >> steve, how do you assess what's going on in the market now and the way that investors need to not only think about it but put it in perspective. you have the virus situation over in europe, the uk and spain. 200,000 and counting deaths now in the united states and cases ticking up in a number of places you have the fall out, politically, obviously from the death of justice

other app stores, we have to make sure watch if they do that or if they'll use apple and double down >> if i were applei would be loving it, going, look, we're not the only ones doing it, google is doing, it, too, what's the problem? >>> louis vuitton is trying desperately to get out of its deal to buy tiffany. they laid out three reasons for why they should be able to terminate the agreement. number one, tiffany has suffered a material adverse effect as a result of the pandemic number two, they say they also materially breached the agreement due to financial mismanagement. and three, they say the letter they received from the french management makes it impossible to close the deal. tiffany says it's yet another blatant attempt to evade the contractual obligation to pay the agreed-upon price for tiffany. robert frank, i love this story. this is not just a war against luxury purveyors of goods. if they can prove that damage hit tiffany, that would make way for other deals, right >> absolutely. what's interesting about this is you have two genteel companies, tiffany basically accusing lvmh of lying, lvmh

surprise announcement bundling of services apple one, you get apple news, apple music, tv plus, apple cloud. together for one month. 14.59 for an individual. goes up to 30 bucks for a premier family package. most were expecting the services bundle to be announced along with the 5g new iphone 12. that is delayed by a month because of of course covid. that delayed production. it won't be the latest iphone we've gotten. remember the iphone x or x in 2017. we didn't get that before early november. analysts say he if we get before the holidays it is all fine. guys? connell: that probably makes a lot of sense of the a lot of people waiting for the iphone. thank you, susan li. melissa. melissa: hurricane sally expected to make landfall within hours bringing life-threatening storm surge and potentially historic flooding. we have the latest own the storm's path. that's next. ♪ for any amount you choose instead of buying by the share. all with no commissions. stocks by the slice from fidelity. get your slice today. ♪ you know limu,g e after all these years it's the ones that got away that haunt

if you look at the people being laid off new lead, filing for unemployment claims, on an apples to apples are higher this week than last week. to me that they would seize on this as evidence of why they want to cut off relief payments. isid: nobody could say it bad news to create almost 1.4 million new jobs, but part of the question is what the curve looks like. something like 12 million people unemployed. how long will it take to get those people back to work, and is that deadline getting stretched out farther into the future? austan: that is what it feels like. you have highlighted the critical question, which is, we have had a nice rebound of what were the temporary layoffs. if you look at this report, strong job growth, especially strong in temporary census employment from the government. that was 300 something thousand. and then the two major sectors of drive growth are retail and leisure and hospitality, where you saw the giant increases of temporary layoffs. those people are mostly now all the way back or close. the question is for the permanent layoffs, can we get them back to wor