and is the farm coming to the big city we'll take you to a growing operation in the big apple. this is your business report i'm stephen bears in berlin thanks for joining us another day on wall street another volatile session markets ultimately ending in positive territory today after solid u.s. retail numbers suggest that american consumption remains strong and that followed the worst day of the year for stocks with both the dow and nasdaq losing 3 percent wednesday on new recession worries the ups and downs of the markets are not going unnoticed u.s. government is now trying to call investor jitters. here on wall street traders cheered retail giant wal-mart strong quarterly earnings the figures columns nerves on the floor they show us consumer demand is strong despite the trade war with china the trumpet ministration lost no time issuing a statement assuring that the u.s. economy is healthy. i think on the economy. weak right now i think we are in a band i'm in a very comfortable environment in which we have 3.7 percent unemployment the lowest it's been 50 years we have. reco

find out why and is the farm coming to the big city we'll take you to a growing operation in the big apple. i'm chris cuomo welcome to the program hong kong's pro-democracy movement faces a major test this weekend. with fresh gatherings planned concerns are mounting whether the protests would again turn violent a chinese state newspaper already said beijing has the option to forcefully intervene in the territory meanwhile the hometown government has announced an economic stimulus package to deal with the impact of the protests as a result $1300000.00 residents will have their taxes waived the government also plans to increase payments for elderly and low income residents as rather subsidies to small businesses and parents of school children hurt by the plunge and us chinese trade hong kong growth had already been declining. now with anti-government protests raging in hong kong china has become particularly sensitive about its sovereignty its forced fashion brands like her saatchi coach and she to apologize for t. shirt designs that appear to show hong kong macao in taiwan as separate terro

apple spending some $6 billion on only five shows. how bign seth sachner. thank you for joining us. good to see you. >> good morning. good to be here. lauren: all right, apple, five shows when apple plus launches, presumably in november, presumably costing $10 a month, is that enough to win over customers? >> well, look, there's a long-term strategy here. those are just five things that have been announced. they have a really, really robust programming slate and it's mostly original content. lauren: but it's five shows. >> from what we've been able to hear. five shows to start, yeah. probably isn't enough in and of itself. they've got a great lineup, spielberg, oprah winfrey, jj abrams. lauren: we're watching the morning show now, the video on the screen and that apparently cost more than hbo's game of thrones which is like the all-time most expensive series. >> yeah. well, looking, i think the thing about this service that's interesting is they're really acting like a studio and they're commissioning lots of original content. they've got two

this is the question, if new york city the big apple can't afford it, how can birmingham? murdoch and liberal commentator, danielle mcglock lynn. you're one of the advocates. i don't care what the topics, debt in belarus we need to do something about it. all right. now it is in practice this is not a theory. it is in practice. new york city the richest city in america, small businesses are getting hurt, employees are losing jobs or time and prices are going up. >> right. so what is happening what advocates didn't want to see happen, as you say, we're seeing job losses. we're seeing in restaurants for example, customers are paying more for food. it is not clear that one size fits all frankly for minimum wage and what we should be doing is tying it to standard of living. across 29 states not tied to the federal minimum wage laws, we're seeing average of about, about $12 an hour at this point. cities and states are doing their own thing. and mandating minimum wage rises. honestly i think that is where it should be. charles: one congresswoman want ad 20-dollar minimum wage rec

he's running >> we have to do it in the big apple.>> don't you want to see kyler murray throw the football. >> come on. >> see somebody hit him. >>> you guys ready to get started. >> hope is a powerful thing. >> with the first pick the arizona cardinals select kyler murray. >> and it can set you straight. it can set you back. change, maybe it is right, maybe it is adesion at kick your season to the curb before you get there. so, it begins, the air-ra air-rr >> time to win. >> hope is rising like the desert heat. >> get up. let's go. >> and patience

. >> the big apple. new yorkers lose 92 hours a year going nowhere fast. moving down the coast, the third-worst traffic. >> the damage has been done.ile. >> the nation as capital, will be well know for gridlock of a different kind. the folks in washington, maryland and virginia spend 102 hours of quality time wit and f. for the second-worst congestion, we take a slow crawl across the country to -- >> starting toeece again. >> reporter: san francisco, where you can leave your heart 45 gallons and 103 hours each your of your precious time. finally the worst city for concession is the worth-kept secret. los angeles has the worst and it keel getting worse. they spend 119 hour in delays, 119 hours, nearly five days. so back to the question -- what's behind the surge? it's a good economaning that more people are on the roads. that means more aggravation. >> it's getting worse, you know. there's just more and more people moving into l.a. i don't see no top to it. >>> if you're thinking it's time to leave the big cities and go small, kokomo, indiana only has eight

and is the farm coming to the big city we'll take you to a growing operation in the big apple. this is your business report i'm stephen bears in berlin thanks for joining us another day on wall street another volatile session marc.

apple's goals should be. i found it fascinating that one of the big fights at apple health according to your exclusive report is that there's a group that doesn't think they're doing enough. i can see that in silicon valley, that you had gathered all these smart people together at apple of all places, you say, all right, what are we doing sfl a ? we will figure out how your heart beat works when you are jogging. i can see people would be frustrated. >> it's a hard and weird problem to have if you are apple. you could do absolutely anything in health care. if you think about being a patient in the system, it doesn't really work very well. there's so many things wrong with it from the lack of transparency that a company like grant rounds that we talked to is trying to fix to just endless issues with inefficiency. if you are an apple employee, you want to do big and bold things. i spent about a year and a half talking to all sorts of people internally and externally about this. what came up was just we could be -- think about the ipad technology, wallet technology and apple pay. how do we apply that to health?

but her first bite at the big apple was anything but fairy tale. >> 15 years ago, i cried myself to sleepel. i was crying so loud that a security guard came up to see if i was okay because i had had an art show and nobody bought anything, and i'd spent all my money coming up here. and i was like, oh, my god, how am i going to pay my rent? but i want to talk about that. this is about the journey that it took me to get here. >> reporter: back at her new orleans studio, longshore revealed a fuller portrait of herself. >> instant gratification will only get you high, pregnant, or drunk. everything else is going to take a minute, you know? >> when you think about sarah ashley longshore in montgomery, alabama, tell me about her. >> i was very precocious. one might say i was wild, very energetic, rebellious. i retired three teachers, you know. my fifth grade teacher, ms. bozwell, sent me a message the other day and said, oh, my god, i watched you on seth meyers. i think it's my rebellious spirit that i didn't want to go to a southern university and be in another sorority. >> she left ole miss af

only in the big apple. >> thanks for watching. "fox & friends" starts right now. feature performers today on our all-american summer concert series brought to you by our friends at sandals. somebody is getting married at fox square today because some people get married at sandals and,look at that. ainsley: if you want a destination wedding that's the place to go. look at that serving barbecue ribs this early. it's delicious. we get a p

the a's in the big apple against the yankees. this could be a preview of the playoffs. >> they played each other last week in oakland. the ark's swept the yankees. >> in the bronx, hello to yankees pitcher. the a's got to him. a solo home run. big crowd at yankee stadium. he comes up in top of the sixth and laces a two run a's on the of beating the first place yankees yet again in the nineth inning a's lead, 7-2. >>> the warriors don't have a new home, but a new beer. it's called dubs golden ale. it will be available at chase center on september 6th. the opening night when meallica plays. >>> a true rags to riches tail. a native who went from homeless to super bowl champ. >>> if you're ready to jump into the weekend, here is good news. the largest ever bounce house. it's stay ng the bay areaing in longer. >> it includes 900oot long inflatable do it. let's do it. >> have great evening. >> bye. at at&t we believe in access. the opportunity for everyone to explore a digital world. connecting with the things that matter most. and bec

bob: is it time for mayor de blasio to go back to the big apple? med ofllibrand: waziristan's done extraordinary things for our country, especially for new york city. he has led on making sure we have universal pre-k and led a $15 minimum wage and i'm grateful for his service to our state and city. bob: do you support senator markey's reelection? sen. gillibrand: god bless them both. i will likely support my colleague, but think it is preacher. -- [inaudible] inspired me to serve and make it my but mission and if i'm called to serve in any capacity i would do it. bob: are you confident in the new [indiscernible] you have called on representative steve king to resign overpromising made on abortion -- to resign on comments on abortion. sen. gillibrand: i think he should resign. his statements are outrageous. it, it isant to say so outrageous. he should resign. bob: should republicans forced him to resign? sen. gillibrand: yes, they should have a backbone and stand up to someone in their own society. forced to resign by his party, but you have not see

and they've laid out in great detail what we expect apple to announce >> but they don't predict pricing, which i think is the bigstion mark this time around are they anticipating tariffs? do they price higher memory configurations higher? >> that's a fair question. i'm not sure i anticipate a lot of changes in the general framework for apple's pricing. apple is a luxury goods company. and its phones are a thousand dollar at this point they've re-anchored us in that price. and things we believe will come as updpragrades to the iphone ae better cameras, faster processors, slightly better screen i don't think it matters whether johnny ive is here or not or tariffs are coming or not. i think november is when we expect the appletv plus service to launch. you know, it was just mentioned. and i think in some ways, knowing that services are -- this is an incremental -- these are incremental refresh -- services that are so critical to the company. in some ways, that's almost more interesting than the september event. >> and hany, upgrade cycle have said slower and slower by the year is there anything apple can do that's

it time for mail deposit go back to the big apple? mayor deblasio: has done extraordinary things for the country especially new york city. he has let on making sure we have universal pretaped. he has led on a $15 minimum wage. i'm grateful to his death for his service. do you support senator mark israel action? sen. gillibrand: god bless their both -- them both. i will likely support my college but i think it is premature. mr. costa: would you be open to serving on the ticket if you are not the nominee? sen. gillibrand: sure. i am here because my faith has really inspired me to serve, to make public service my life mission. if i'm called to serve in any capacity, i will do it. mr. costa: are you confident in the new defense secretary on sexual sub issues? sen. gillibrand: no. mr. costa: final thing. if called on -- you have called on representative steve king to resign. sen. gillibrand: as he should. over incendiary comments he made on abortion. his response, odds of my resignation are the same of --rs winning the president nomination

. >> is it time for mayor de blasio to go back to the big apple? >> mayor de blasio also has done extraordinary things for our country, especially for new york city. he has led on making sure we have universal pre-k. led on a $15 minimum wage. i'm grateful to his service to our state and city. >> congress kennedy is mulling a primary against senator markey. do you support senator markey's re-election? >> god bless them both. i will likely support my colleague but i think it is premature. >> if you were not the nominee, would you be open to serving on the ticket? >> of course. i'm open to public service of all forms. i'm here because my faith has really inspired me to serve, to make public service my life's mission and if i'm called to serve in any capacity, i will do it. >> are you confident in the new defense secretary on sexual assault in the military issues? >> no. >> final thing. you called on representative steve king to resign. >> as he should. [applause] >> over incendiary comments he made on abortion. what is your response to congressman ki

wire the big apple here. >> neil: but we're slowing a little bit. how much of it is this?> not much. >> neil: you think it was a mistake to up the ante and start this and get the chinese to do this? >> i think he's very frustrated. i think they felt that in the spring that they were making progress. i think the biggest issue on the table certainly is intellectual property protections. seemed as though china was moving in the right direction and then apparently they said no, we can't go this far. basically backtracked. so i think he's frustrated and angry. >> neil: september 1 we have the tariffs kick in. you'll feel those presumably. that's the argument. then what for us? >> it's not much of an impact because of the devaluation of the yuan. it's like a wash. but there will be some impact on the consumer and it's the u.s. consumer that will be paying that. >> neil: so when the administration talks about what a wonderful thing tariffs are, what do you think? >> tariffs are not wonderful. they're taxes. taxes on the american consumer. i am not so concerned about the consumer

why a big part of the big apple was taken over by bees yes, bees.probably the end of the world. >>> and trade turmoil and your money. the three things you need to know now to navigate this escalating trade war we have real money advice coming up next. could lead to way cleaner teeth. she said, get the one inspired by dentists, with a round brush head. go pro with oral-b. oral-b's gentle rounded brush head removes more plaque along the gum line. for cleaner teeth and healthier gums. and unlike sonicare, oral-b is the first electric toothbrush brand accepted by the ada for its effectiveness and safety. what an amazing clean! i'll only use an oral-b! oral-b. brush like a pro. they have businesses to grow customers to care for lives to get home to they use stamps.com print discounted postage for any letter any package any time right from your computer all the amazing services of the post office only cheaper get our special tv offer a 4-week trial plus postage and a digital scale go to stamps.com/tv and never go to the post office again! >>>welcome back.

. >> is it time for mayor deblasio to go back to the big apple? [laughter] >> mayor deblasio also has done extraordinary things for our country, especially for new york city. he has lead on making sure we have universal pre-k, led on a $15 minimum wage and i'm grateful for his service to our state. >> kennedy is looking at a campaign against markham. >> god bless them both. i would support my colleague, but i think it's premature. >> if you were not the nominee, would you consider-- >> i would consider my faith has inspired me to serve to make public service my life's mission and if i'm called to serve in any capacity, i will do it. >> are you confident in the new defense secretary mark esper on sexual assault in the military issues? >> no. >> final thing, you've called on representative steve king to resign. >> as he should. >> oh incendiary comments over abortion. odds of yours are like mine for president, zero. >> i think he should resign. his statements are outrageous. can you read his statement for the group? >> i don't of it in front of me.

he is even raking in cash in the big apple where he raised more money from new york city residents than. now, i will admit that sounds bad, that does not sound good, that sounds bad. until you consider the full headline says pete buttigieg raised more money from new york city residents then bill de blasio got nationwide. ouch. yowch! mayor de blasio, you may not get the job you are applying for, but the good news is there might soon be an opening in south bend, indiana, because the dairy queen is hiring for the summer. it is seasonal work, but you get free samples. we also found out which celebrities gave to which campaigns, we learned that actress gwyneth paltrow hosted a fundraiser for buttigieg at her home. she personally donated $2,800 which is enough to go on goop and buy half an ounce of cellular repair crystals. ( laughter ) pete wasn't alone in nabbing big celebrity donors. elizabeth warren saw donations from bette midler, ryan reynolds and shonda rhimes. shonda rhimes? that is bold, for a candidate that associates themselves with "scandal." ( laughter ) maybe, perhaps the most

a look at the same stocks today these four stocks, china exposure, apple, intel, 3m, nike, down big apple is rebounding by about a percent. intel, about a half percent. 3m is still down we'll watch those components thank you. >> welcome to the exchange, everyone the ten-year yield is holding relatively steady after plunging below 1.7% overnight for the first time since 2016. after yesterday's sell yacht, investor are selling off a 25% chance of a rate cut in is sxept about the same thing, a 75% chance of another quarter cut in december goldman sachs predicting october for they have this year. let's drill down on the market's response to all this as we watch for the next round in this trade war. >> and the markets reminded us yesterday, could it get a lot worse. the markets are calmer don't kid yourself yesterday the futures moved at a nearly 5% trading range over a 12, did hour period. that doesn't happen very often it is a remind per a trade war could get much nastier very quickly. the central lesson is that it is a lot more than just tariffs it could quickly move to a wider war, a curre

what we've learned about the next big apple release event.lus -- >>> for these seniors, it's a whole new way ♪ new sichuan hot chicken. for a heart breaking limited time only at panda express. >>> need a new phone? g product release.r ape't apple send out the date and the place, tuesday, september 10th at the steve jobs theater on the cupertino campus. the centerpiece of the event is expected to be the unveiling of the iphone 11. according to tech crunch, rumors are there will be three new models that include a triple camera array, perfect for all your selfies, kristen, with an ultra wide angle lens. >>> okay. one of pop music's biggest stars won't be hitting the road any time soon. reports say ed sheeran plans to take a break from touring for the next year and a half. the sun tabloid said he made the announcement monday night during the final show of his divide world tour. he played 255 shows since the tour began in 2017, pulling in $775 million. that's the highest grossing tour of alltime. >>> jeopardy host alex trebek says he's on the mend

it's not just california, new york state $15 minimum wage hike is taking a big bite out of the big applesses. we could say just looking for something to blame when things go south. are they right? >> put your credit card debt into one monthly payment to make it a low-key personal mold for up to 100k stay smooth and fight heartburn fast with tums smoothies. ♪ tum tum-tum tum tums with tums smoothies. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ >> new york city adding itself to the list of cities struggling with higher wages. six-month after enacting a 15-dollar minimum wage business owners are seeing increased labor costs have forced them to cut staff, raise prices and eliminate shifts. advocates say other factors are harming the businesses, not just higher wages, but who should we believe? >> you know who i believe? i believe thomas dowell, milton freeman, anybody who has any understanding of basic economics. we knew this was going to happen. you can't interfere in the free market and arbitrarily increase wages and not expect is going to have a ripple effects. this was a major concern from the small business communi

they're called asmr and are a big hit. apple is getting in on the action. they don't want to miss out. apple posted four videos today part of the shot on an iphone campaign. making the point all you need to make the videos is an iphone. >> it sounded so spooky. >> a halloween movie. >> the pictures are beautiful. >> i would rather just hear the waves. maybe some people enjoy it. to each his own. here's one you guys will like. show me making it. oh! i got one. the best of amy poehler. amy, maybe we could use the voice remote to search for something that you're not in. show me parks and rec. from netflix to prime video to live tv, xfinity lets you find your favorites with the emmy award-winning x1 voice remote. show me the best of amy poehler, again. this time around... now that's simple, easy, awesome. experience the entertainment you love on x1. access netflix, prime video, youtube and more, all with the sound of your voice. click, call or visit a store today. i want to get back to the news that we led with. the fire in oakly. another look from the bay area

just a few weeks before the next big tech launch as well. appleays made a big deal. we now expect to buy whatever... hopefully there were —— apparently there were three google researchers found the problem, so i hope they have got a good rise out of it. maybe apple would take them on.|j don't want, i would like to get rid of my phone. it is a way for people to keep asking you things.|j of my phone. it is a way for people to keep asking you things. i dropped mine ina to keep asking you things. i dropped mine in a well when i was on holiday, so i had a digital detox. i am addicted to twitter again now that i am back. brexit is addictive, isn't it. it is a good job, doing thejob we do, isn't it. it is a good job, doing the job we do, isn't it. let's finish with the daily mirror. which is claiming a showbiz exclusive. strictly‘s yes to same—sex couples to reflect modern britain. it has been mooted for a past few years, in israel and australia, and now they are saying yes, from 2020, they are floating it, and i think the reaction will be positive becau

. >>> plus a billboard sized message from the big apple. bill de blasio one coalition is calling for the new york mayor get off the 2020 stage, get back to his mayoral duties. do we really want him doing that? might be better to have him far away. we might have to think about that. >>> a perfect beach day, filled with rotting seaweed. how south florida escalating crisis is hurting tourism in the sunshine state. ♪ ♪ ♪ ♪ ♪ ♪ ♪ 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow, the day we'll finally get something done. ( ♪ ) but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when

panic is spreading nationwide, including a scare that left the big apple on edge.deo. there's a company that's talked to even more real people than me: jd power. 448,134 to be exact. they answered 410 questions in 8 categories about vehicle quality. and when they were done, chevy earned more j.d. power quality awards across cars, trucks and suvs than any other brand over the last four years. so on behalf of chevrolet, i want to say "thank you, real people." you're welcome. we're gonna need a bigger room. (past them because she didn't sknow they were talking to her.g and she would just walk right (deborah) i just could not hear. i was hesitant to get the hearing aids because of my short hair, but nobody even sees them. (avo) our nearly invisible hearing aids are just one reason we've been the brand leader for over 70 years. (deborah) when i finally could hear for the first time, i started crying. i could hear everything. (avo) call 1-800-miracle to start your 30 day risk-free trial and schedule your free hearing evaluation today. but some give their clients cookie c

>>michael be taking a trip to the big apple next month to kick off a national buddy walk an annual eventhat spread awareness about down syndrome. but while he's there with his family he'll be taking a moment to look up and catch a glimpse of himself in shiny bright lights. >>this is the future we want our future looks like this diverse everybody is valued and where these. >>and that was bridgette your low reporting for us this morning, very sweet story, yeah, everyone gets to see his beautiful slight. >>all right, we'll take a look at this a 5 year-old manual bur sharra he was really really hungry. last friday, so you wanted to order a pizza. and he called 911 to get that pizza they went to check on him, you know just to make sure he's ok he was there with his sister she's 15 years old she had no idea. want to order this pizza. so the cops this came out, they talked to him, you know they lectured him a little bit why you should win and you should and should not down i would want. pizzas not of the reasons totally not you know they had a really big hearts and they decided to actually deli

some of the big technology names like apple are notably weak. if you put up the list there, visa is weak, which is a big global payment processor, big exposure to the global markets overall, goldman is weaker on the lower yields and united technologies also weak, but even defensive stocks, if you want to throw in the names here -- many are down 2% as well. procter & gamble, for example. coke is down 1%, johnson & johnson. these are names that normally would hold up well they're not down as much, but they're still down the point is the overall exposure to the market is being taken down because there is perceived to be much higher risk, and it's not just 10% tariffs. much wider potential risk now the currencies are potentially involved other kinds of things could happen in a global trade war besides tariffs that can be even worse, and that's what the market is concerned about. a lot of people say hey, this was like this in early may and things turned around it's true, it's like early may a concern about new tariffs, s&p is down, oil is down, the vi

when we look at the big laggards, apple a big weight on the u.s.ors, taking about 60 points off the close to 600 point loss for the dow jones today. also, looking at macy's falling around 6% today, trading at a november 2017 low. it's market cap now close to billion. a new round of tariffs set to go into effect in september. six-day losing streak. finally, i wanted to take a look at the pound. the focus on the trade hasn't taken focus away from the fears of a no deal brexit. we are looking at it over the course of this year against the dollar, down more than 6% today. standard chartered saying that in the event of a no deal brexit, we could see the pound fall to on .15 against the dollar -- 21.15 against the dollar. 1.15thank you -- to against the dollar. guy: thank you. hans redeker of morgan stanley is still with us. are we going to get a different and greater policy reaction? if they go in on december 1, what do i get from the fed? the reaction function is changing, basically. hans: there's also recognition that global trade is important. i desc

. >> cars are coming to the big apple.ides unveiled six self-driving vehicles. they're not being used in regular city traffic. the vehicles are operating in an enclosed area. >> so swearing at other drivers because people are nicer here, it's because of driverless cars. i have to say this last week i was out shooting a story. and i was near times square. and i literally almost saw this bicyclist get into a fight with a taxi driver. i was like, is this happening? >> which one won? >> they ended up not fighting, thank goodness, but there were lots of swear words, lots of yelling in the street. >> we'll see how these cars do. >>> coming up, remembering one of america's most beloved authors, toni morrison. >>> later in "the skinny" on what would have been lucille ball's 108th birthday, her daughter reveals her mother's most memorable piece of advice. >>> but first the dramatic rescue off the coast of florida. the fisherman attacked by a shark. super emma just about sleeps in her cape. but when we realized she was battling sens

. >>> when we come back, the rolling stones roll right into the big apple. >>> and jed finally breakingss. three generations of clothes cleaned in one wash. anybody seen my pants? #1 stain and odor fighter, #1 trusted. it's got to be tide. they don't help single moms. hi. hi. what happened to our house last year? it flooded. and the water flooded out. yeah. the red cross arranged the hotel for us. they gave me that break, that leverage, to be able to get it together and... take care of them, you know? i feel like we've come full circle. like that! this is how i'll do it. sarah: there you go. ♪ ♪ you have to start me up you have to start me up i'll never stop ♪ ♪ you have to start me up you have to start me up i'll never stop ♪ >>> it's time for "the skinny" and will is already into it. that, of course, what you hear, the legendary rolling stones. they're here in new york, in the new york area, to perform two rescheduled shows. >> yeah, the original shows had to be postponed. mick jagger, of course, had that well-publicized heart surgery. >> the stones' first american show, by the way, 5

this is kind of interesting but it's not going to mean anything it's nothing you know this is no big deal apple told the record companies. that their goal in the 1st year was to sell a 1000000 music downloads. they sold a music a 1000000 music downloads in the 1st week. they sold 100000000 in the 1st year. they sold a 1000000000 in the 1st 2 years and the music business has changed forever and the record companies say what is that what and where did that come from. an i pod. a phone. and an internet communicator. an i pod. the iphone defining steve jobs as a modern visionary able to satisfy every consumer need and desire. confronted with counsel perhaps he realizes his days a number no time to lose to make his mark in history apple is going to reinvent the phone he was our running a company that had gone off and done some really amazing things and it was no longer in this sort of i'm in the shadow of a bill gates about the shadow of microsoft apple's become this enormously successful company apple's those more business when i really have all those more business and i phones and microsoft those

the big question going forward is just what does apple do? do they try to raise prices, which they already have extremely high average selling prices compared to the competition, or do they just absorb the tariffs into the profit margins, and how does that work into the international expansion? you have annual average incomes in india and china that are a fraction of what they are in the u.s. it does create a conundrum going forward. it is an issue in terms of trying to model out what will happen with these tariffs. emily: meantime, they wants to push the services business. they still hit a record, lighter than some estimates, but in grow, they have to keep getting devices in the hands of consumers. >> it is kind of a circular thing where, on one hand, services are replacing iphone other, youon the can't have services without iphones. are they making this revenue because services are really good or because they have set up this business where you kind of have no choice? if you have an iphone and want to buy an app, that is recurring revenue t

pay just isn't everywhere a lot of places i've been here don't accept apple pay big places do, but small stores don't. so that is one of the issues that you can use all kinds of apple pay or any of those services, they need to permeate to small stores and other places and i think that's one of the probably big issues that they have going forward >> kara, how much do you think the fact that apple does seem to be, maybe it's too early to say, getting it right here, the fact that they have drawn this line in the sand and the fact that they are saying that they're trying to rethink ways to protect their users and consumers' privacy, data, where they make money, how they make money. how do you think that's setting us up in terms of winners and losers in this new, more privacy-centric world? and do you think consumers really care? do you think that's going to be a big selling point? >> it's good for the phone they don't need to market to you. this is not their business, just like how they don't need to be in advertising they don't need to constantly be advertising to you that's a

positive trends behind us. >> yeah, i guess we're pushing 11 month or so since those highs in apple a lot of the other bigocks as well michael, where do you stand on apple and its ability to withstand some of the demand issues and the china friction? >> look, i agree with that they have revolutionized the technology space, and that's not stopping every household across the globe has multiple products, multiple apple products i know every corner i turn in my house, there's an apple product there. the margins are improving. the demand is still there. and you have a company trading at 16 times next year's earnings with a dividend yield of 1.5%. and in today's interest rate environment, that's not bad. so we're recommending to our clients own apple, keep it once this dark cloud of tariff and trade wars moves on, they're going to outperform in the next 12 to 18 months. >> all right arguably expectations have been set relatively low for whatever next generation of iphone comes occupa out, too for more trading nation, head to our website or follow us on twitter. kelly, back to you >> thank you, mike ahead on "po

is a new high possible it's 12 noon this is "the halftime report." >> apple making big moves. the stock up 10% in two weeks. your next trade is straight ahead. >>> home depot, kohl's and tjx missing the mark on sales. is the american consumer running out of steam >>> beyond meat shares sizzling on an upgrade. is it time to jump back in after the recent sell-off? >>> the investment committee is

after all, trump's latest tariffs impact the cost of the iphone sure, people love apple so maybe 10% tax won't be that big of a deal who knows if it gets passed on better believe it means something and slapping tariffs the rivals make samsung great again? administration doesn't care. they don't think like i do they want apple out of china now. we need to see estimate cuts, price target cuts and out right downgrades before we can get bullish on apple or anyone else caught in the actual cross hairs of the trade war second big negative, hong kong people are ignoring this how can you ignore these images. prodemocracy shut down the city. they turned violent. they are fighting running battles with police in the streets. it been nine weekends in a row how long can the chinese government let this go on? we spent a lot of time talking about how president xi can't afford to look weak in the trade negotiations i think he'll feel compelled to crack down on hong kong. maybe he goes full tee an man square you better believe the stock market will get hit gone don't give up on stocks but be more cautious. third negative,

are you worried about competition from a samsung, huawei, perhaps encroaching on apple and some of the bigket shares? steve: i have thought about that and the ways it can influence apple negatively, but i don't say that there is one logical rule that comes to one answer for all. i just happen to be more against competition. we are taught from the time we go to school, my school, right or wrong, my team right or wrong. it works her way up to -- your way up to my country, right or wrong. i am more into thinking. also, why do you have to be, i am going to hurt you, throw my balance of force against you. that doesn't make friends. we should try to be friends with all the countries of the world that are important. china is one of them. as far as how it could influence apple, a lot of people know a lot of the tech products, the manufacturing shifted very much to china, the shenzhen region. a lot of in the world. so what? not let us make products for a lower cost and people who buys the iphone pays less. why do we have to say, oh my god, the balance of trade is going in their direction? that is v

. >> you made a big point that applies here in the big apple, new york city.e officers here in the big apple are basically encouraged to not engage in situations where in previous administrations, they would be enl gauging. as a result that's led to acts of vai lens against police officers. just last night police officers, three of them in fact are hurt of a mob erupted in violence. this of course coming weeks after those dousing incidents where these officers were downed with water. we love the nypd. we have them outside our building. we see them around here all of the time. they do amazing work keeping this city safe and free from terror. but now they're getting a ridiculous horrible reaction, water, violence, people throwing things from on high buildings, taunting them. when these individuals, all they do is goo into these communities to try to keep them safe. >> and you can't have police officers being afraid to do their job. they get so much criticism from the media oftentimes that my fear is in instances where they're going if and there are threats of vi

will have more on apple after the break, including how the iphone maker could be a big winner as apple a change of heart on foreign investment rules. we will also be speaking with huawei's vice president and whether he believes president trump will keep its promise to relax restrictions on the telecom giant. this is bloomberg. ♪ emily: u.s. chipmaker global foundries is suing taiwan semiconductor for patent infringement, in using them -- accusing them of using their technology. the case has the potential to disrupt the supply of everything pcs.smartphones to remember when president trump hereby ordered companies out of china? it it it gets its way, it may soon welcome apple with open arms. the indian government has eased investment rules in a number of sectors, a move they hope will further attract companies like apple. the iphone company is already poised to start sales within months and apple and its main production partner foxconn have been busy laying the groundwork for some manufacturing. we discussed this with mark gurman and david kirkpatrick. >> there are plenty of reasons why

big tobacco has poured millions into the effort to repeal the ban. >>> 6:44. your morning money report. a date is set for apple'sproduct release. >> apple sent invitations confirming the date and the place, it's tuesday, september 10th at the steve jobs theater on the cupertino campus. the center spees is expected to be the iphone 11. according to tech crunch, rumors are there there will be three new models that include a triple camera array with an ultra wide angle lens. >>> a live look at the new york stock exchange this morning, up about 104 points. >>> check your patio furniture. rite-aid recalling these chairs because the frame can bend and people can fall. at least two people have been hurt so far. the company sold more than 18,000 of these $30 chairs from february to june of this year. if you have one, you can return it to rite-aid for a refund. >>> one company is hoping to make frat parties and tail gates more eco-friendly. > the drinkware brand ball is making aluminum cups shaped like the infamous red cops you typically use for beer pong. ball says they'll cost 25 cents each. they're also teaming up wit

company and that maybe the software company was going to create more value the hard work company apple was the big elephant you know bill gates was the mouse so bill gates being that position he was a scheming you know strategic guy and he managed to work his company up despite the fact that the giants of the personal computer business apple and to some extent in i.b.m. were giants and he had to get his software on to them in order to grow his company . i.b.m. the computer hardware giant soon enter the new personal computer market but computers and nothing without software to i.b.m. known as big blue turns to bill gates who seizes the opportunity and in 1980 signs of a lucrative contract with i.b.m. his new computer operating system would run on all i.b.m. p.c. and most dos is the backbone of the p.c. and it makes the computer easier to use. the smartest thing he did maybe the smartest thing he ever did. computer business was that he got i.b.m. to sign a deal that gave him a one time payment. i don't allow him to license it other people might clone i.b.m. p.c. i.b.m. did not really think anybody e

hardware company and that maybe the software company was going to create more value hard work but apple was the big elephant you know bill gates was the mouse so bill gates being that position he was a scheming you know strategic guy and he managed to work his company up despite the fact that the giants of the personal computer business apple and to some extent in i.b.m. were giants and he had to get his software on to them in order to grow his company . i.b.m. the computer hardware giant soon entered the new personal computer market but computers and nothing without software to i.b.m. known as big blue tones to bill gates who seizes the opportunity and in 1980 signs of a lucrative contract with i.b.m. his new computer operating system would run on all i.b.m. p.c. and most dos is the backbone of the p.c. and it makes the computer easier to use. the smartest thing he did maybe the smartest thing he ever did. computer business was that he got i.b.m. to sign a deal that gave him a one time payment. i don't allow him to license it other people might clone i.b.m. p.c. i.b.m. did not really think anybody