this is a true studio philip trofimov sales of new iphones will not set records according to bloomberg applelonger expects increased interest in releasing the industry, i assure you that the kapsin corporation has instructed its suppliers not to look for opportunities to increase production until the end of this year. this does not mean a decrease in sales, but they expected their growth and quite noticeable, but in the end, since the global smartphone market as a whole, if you believe in according to expert forecasts, due to global inflation , the total uncertainty for the year will shrink by 6.5 %, in other words, apple will perform the best market. models explain this again by problems in the economy. it is interesting that there, my dear versions, without that expensive smartphone, according to the same bloomberg agency, at least one of the partners of the cupertino company was even forced it is easier to reorient from the assembly of devices to top models, however, for apps and in russia, it is true that local nuances are added to the general world trends. in particular, the impossibili

we will share more of the transcript obtained by bloomberg. appleets downgraded following bloomberg's report about iphone production. now we are learning of a high-profile executive leaving the company after a crude tiktok went viral. the s&p 500 drops to a 22 month low as the fed hocks circle. straight to the markets with katie greifeld. katie: it was a cell or rib kind of day. the rally we saw yesterday? forget about it. s&p 500 down by more than 2%. a cascade of bad news. nasdaq off by even more. your big underperformer was philadelphia semiconductor's, all 3.3%. all of us coming against a backdrop of higher treasury yields. apple falling after one of the most senior executives at the company left after that crude tiktok. the bulk of those losses came after that. rare downgrade from bank of america. news from micron, earnings after the bell came in weaker than expected. we had a weak forecast. micron saying sales would be $4.25 billion, under expectations of $6 billion. shares dropped 4%. you can see a little bit of a push higher after hours. ed:

discussed with bloomberg apple reporter and bloomberg's sports business reporter brandon. game friday night, it matters for a guy like aaron judge, and metals -- matters for apple tv. >> he could tie the 61st homerun, nikki fans have waited all season -- yankee fans might -- have waited all season to see it happen. they may not see it tonight. >> what is the deal apple has of major league baseball? >> for the past few months through the apple tv app on the supportive devices, apple has aired 2 mlb games friday night, just so happens that this a pre--- agreed-upon game is the game everyone in new york wants to see. because of that agreement will not be aired on the local network and new york. if brandon wants to watch that he will not be able to unless he signs up for apple tv. the positive here, going against speculation, you do not have to pay for it. some people thought he had to pay $49 a month for apple tv plus. that is not the case, still the mobile -- the mlb deal is free. you just need access to the app to watch the game. >> i want to get the mood music across new yo

studio philip trofimov sales of new iphones will not set records according to bloomberg apple no longer expects increased interest in smartphones released just a few weeks ago and has already revised production plans. sources of the agency in the industry assure that the kuparita corporation has given a command to its suppliers not to look for an opportunity to increase production until the end of this of the year. this does not mean a decrease in sales, but they expected their growth and quite noticeably, and as a result, the numbers will be at the level of last year, which can probably be considered a good indicator, since the global smartphone market as a whole, according to experts' predictions due to global inflation , will the overall uncertainty for the year will shrink by 6.5%, in other words, apple will perform the best market. this, if globally in individual countries, there are less positive trends, for example, in china it is the largest consumer of smartphones and a very important region for apple iphone 14 sales for the first 3 days were 11% lower than they were in the cas

apple. bloomberg's ed ludlow is back now with a look at global star, very important partner. ar. 15 minutes into the apple presentation, globalstar is down 16%, and the stock has halted pending news. on stage at cupertino where you are, they are discussing the satellite test capabilities that the latest generation of iphone hazard. few minutes later, the stock begins trading and you see it on the right of your screen, a jump from a decline of 16% to a gain of 41%, before ultimately closing down 1.2%. now, there have been rumors for almost a year that globalstar would partner with apple to be there satellite operator. apple is going to pay globalstar fees to provide the service. this is a big win for a tiny company, $3.7 billion market cap sales in the hundreds of millions of dollars each year, but for them it is a really big win. emily: big win indeed, putting a lot of speculation to rest. thank you, ed. i want to talk about apple's new satellite connectivity and bring in christopher quilty, founder of quilty analytics which works exclusively in the satellite and space industr

we have a bloomberg scoop that apple will not be increasing production of iphones. ropean stocks futures down nearly 1%. u.s. dollar again continues to hit new highs for the bloomberg dollar spot at its highest since two thousand two and we have really seen treasuries under pressure. we had an abysmal five option yesterday. 10 year yield hitting 4% are in the asia trading session. it's also what's happening in the u.k., the action in the long end of the market was remarkable. yesterday a second consecutive day of a more than 40 basis point move. it has moved over the past 20 days nearly 200 basis points. this 30 year yield is implied daily move eight basis points. this is bar shock levels. we have to contend with an extremely different volatility picture. pension funds deleveraging. certainly something captivating spilling out into the wider globe. it's not just u.k. and u.s. assets. asian assets are under pressure amid all of this. juliette saly has it covered in singapore. >> look at the regional benchmark index. we have not seen this level since the height of the

this is bloomberg. ♪ yvonne: we are checking the apple suppliers here this morning, all seem to be allquite a bit here. 1002% in taiwan. the bloomberg scoop that apple may be ditching their iphone a production due to the demand picture that continues to falter. rishaad: as many as 6 million units in the second half of the year. companies produced about 19 million. let's get details about all of this. debi wu joins us. and basically, what are we talking about here? what can they really do, other than just the bare facts. exemplifying what is going on globally for the economy. debby: so, what is happening here is it was originally reported that apple was planning to build 19 million units of new iphones. and after that, it raised its forecast to buy an additional 6 million units. and they wanted to fulfill that, but due to weakening demand for electronics, apple has scrapped plans. and not attained the target of 19 million units of iphones. so what are clearly the weakening demands for electronics everywhere, it is impacting apple's plan. and we can see that due to the inflation and the

apple is. ed: i think we have a bloomberg terminal chart that shows us the 12 month price to earnings ratio in ple and in microsoft. microsoft came in a little bit apple is. below apple in recent trading sessions. are investors just more focused on microsoft's near term? what it is doing right now rather than what it could do? >> in both cases microsoft has not disappointed anybody in the last quarter. if you go into next quarter, they have not realized their guidance. the dollar is an issue so translation risk is there. if you look at constant currency growth, we see no reason why microsoft can't grow 12% to 15% in the next two quarters. even if we hit a bad recession next year, we still argue that can grow north of 10% of constant currency. it has a very diverse set of software products. a mixture of all those should allow them to grow north of 10%. ed: if you are into the idea of being recession proof, or at least better positioned to whether a recession, microsoft and apple do have different businesses. why is microsoft better positioned to weather a recession than apple? >> in the case of

ed: let's stick with the apple story. bloomberg has learned apple's backing off plans to increase production of its new iphones this year. the company had expected a surge in demand, but that has not happened, according to sources. mark, what is the latest report question mark what is going on? mark: in 2022, apple planned to sell 90 million iphone 14 units -- including the plus and the pro. they had this recent extra credit idea for an extra 6 million phones on top of the 90 million, but the extra 6 million is no longer necessary because of concerns about the extra demand not happening in 2022. i would say that probably with recession and inflationary pressures that people are experiencing, the iphone 14 and 14 plus are not significant upgrades over the 13. the pro is where the big upgrades are. that is what people want to buy. i think people are holding off until they can buy the pro max or upgrade to those pricier and far better versions of the phone. ed: have you seen evidence and data that consumers around the world are going

i am mark crumpton and this is bloomberg. ♪ >> apple is backing off on plans for production of the iphone4 after a surge in demand. a real treat to have him on the show. how worried should we be that these iphone sales may be flat? >> it is far more dangerous today than it was 12 months ago. look at what is happening to the euro. people in those countries -- it has gone down. do you think they have the time to go out and upgrade right now? it is good. it is very good. >> they were trying to come out with something more accessible. they do not look at apple when it comes to mobile phones. >> it does not care. it does not leave you. there is a leadership position. it really needs to cell phones and give them gross profit. i'm not concerned about them coming up with this. >> what are the apple bears getting wrong? it is one of the fastest-growing companies in s&p 500. what are the sellers getting wrong? >> one has to argue that at any given time, right now is the time where those market will be under compression. it is really driven by interest rates and the fear of interest rates going high

coming up, mark gurman gives us a sneak peek at what to expect from apple's iphone launch next week. this is bloombergle is set to announce the iphone 14 and a new apple watches at its event ushering upgrades to its smartphone and smartwatch lines ahead of an important holiday shopping season. the iphone 14 will continue to be foremost. two regular and two pro. it will both come in two sizes and differentiate in terms of performance, materials, and cameras. they will look similar to the iphone 13 including aluminum sides and stainless steel sides available. only changes will come to the pro models. they will have smaller cutouts for the face id and camera system. it will also feature a new camera on the back in addition to a faster processor. in contrast, the regular phones won't see as significant camera changes and will continue to use the chip from last year's iphone 13. the 14 pro line will also get a new always on display. for the apple watch, apple is planning a new version with a faster processor, one that looks like the siri seven but will add a new body temperature sensor as well as the new a

markets certainly turned around on news from the boe, apple down 3.5% weighing on the broader market all morning let's get to steve kovach after bloomberg told suppliers to slow it by 6 million units. steve, break it down because, yes, this is kind of a trimming of a more production, keeps it in line but the story here is apple is very, very good, very efficient at figuring out what -- how many units to make and if it's out of line that could mean a lot more pain in other parts of the company, other parts of corporate america. >> yeah, exactly, dee. there's a lot of nuance to the bloomberg report it's saying apple is dropping plans to increase iphone 14 production on top of those original expectations it had before the launch so it's sounding like apple saw signs demand would be better than originally expected but extra demand faltered during the first couple of weeks after the 14 line launched but this report also backs up what we've heard over the last few weeks, that those iphone pro models are selling better than expected which will help boost iphone revenues those start at 1 is,000 bucks apiece and the 14 plus goes on sale so won't

bloomberg. paul: coming up we discuss all things apple. will be talking strategy with allen kenitzer, who thinks that the stock market has been trying to follow the fed, but failing every time. this is bloomberg. shery: u.s. futures slightly higher in that asian session. we have the nasdaq 100 outperforming. the only sector down was energy, oil low 80's five dollars a barrel for the first time since january -- below $85 a barrel for the first time since january. the 50 day moving average below its 200 day marker. further pressure on oil. our next guest says the stock market has been trying to fight the fed, but failing every time. danny genter of genter capital management. a big component of the rally has been energy and now that sector seems to be faltering. what will drive the stock markets next? dan: i think you are seeing the overall market trying to deal with the data in front of us. when you look from a u.s. perspective, the economy is in pretty good shape. the fact is, when you look at earnings growth, when you look at inflation and

more on bloomberg. ♪ >> apple has unveiled a above devices without raising its u.s.in one of the worst years for inflation in decades. the iphone 14, fresh airpods, and an apple watch upgrade which includes the first ever ultra model. mixed results for elon musk in his fight to cancel his buyout of twitter. a judge is allowing him to add the claims of a recent whistleblower to his case but is not letting him push back the october trial date to give him more time. the judge is also slamming musk for not properly handing over text that could be evidence in the suit. reality tv star and entrepreneur kim kardashian has a new business venture. she and a former partner at carlyle group are launching a private equity firm that will focus on consumer and media businesses. the apparel business kardashian started in 2019 has been valued at $3.2 billion. that is your bloomberg business flash. mark: thank you very much. we could not -- we could go a country mile with that. i think we need a reality tv show. do you think we could have a kardashian moment? what do you reckon? dani

apple pay later could be delayed. reports say the new payment feature could be put on hold because of technical and engineering challenges. according to bloombergow pay later option may not be available until the spring. the feature was supposed to come out at the same time of apple's ios 16 update release. the feature would let buyers make interest free installment payments on products. study of linkedin shows acquaintances may be more helpful in finding a new job than close friends, according to usa today. the study analyzed the data from 20 million linkedin users between 2015 and 2019. researchers were testing a theory known as the strength of weak ties, which says friends of friends can lead to better job opportunities. ones that are not found in your network of close friends. the waitress who is now working long hours at a busy beer hall in munich during octoberfest has become the latest star of the internet video of her impressive on the job talents check this out during the world's largest beer festival in germany has now been viewed nearly 20 million times on tiktok. it shows they're carrying huge stacks of beer mugs through a packed be

apple unveiled an above devices -- unveiled a new lineup of devices. bloomberg'sly chang has more details. >> apple unveiling a slew have new products including iphones, watches and airpods. the biggest surprise isn't the technology but how much it costs. despite inflation, apple is not raising prices on its newfound. -- new phone. you can buy an iphone 14 for the same price as an iphone 13 last year. there are technological differences, thinner, better battery life, also satellite capabilities for all they knew i 14 -- all the new iphone 14s. they also unveiled a new apple watch ultra smartwatch geared toward outdoor enthusiasts. they call at your own personal dive computer. and when it comes to airpods, we got the first upgrade in two years. the big question is will consumers buy any of these new products when they are under pressure? all eyes will be on just how big this new apple upgrade cycle will be. emily chang, bloomberg cupertino. francine: we speak to the goldman sachs economist jari stehn. dollar strength putting pressure on asian policymakers to step u

apple's unveiling a of devices with few surprises, except that it is not raising u.s. prices despite rampant inflation. let's bring in bloomberg'srrmann, who covers apple. is it fair to say most of those changes will happen on higher-and vice is? and without offset the fact that they didn't probably hike prices? mark: that is right, i am calling it quiet inflation. they are not raising prices, they are just pushing new features to the more expensive models, which is going to raise asp's and raise revenues and offset those increases. i will give you examples. the apple watch series eight, minimal upgrade, apple watch altra, $400 more expensive for the entry-level. it has a ton of new features -- bigger screen, better gps, more rugged. the 14 pro iphone has a new display design come a faster processor. the iphone 14 regular has a modest camera phone. you have a picture of what they are doing here. paul: which competitors were these changes aimed at, particularly in terms of the watch? mark: the watch, apple has 40% of the global smartwatch market. that is the biggest piece of the pie they have the majority share. what i think most

apple pay later could be delayed. reports say the new payment feature could be put on hold because of technical and engineering challenges, according to bloombergt be available until spring. feature was supposed to come out at the same time as apple's ios 16 update release, which happened recently, the feature would let buyers make interest free payments on products study of linton shows that acquaintances may be more helpful in finding a new job, then close friends, according to usa today, the study and last the data of 20 million linkedin users between 2015 and 2019. researchers were testing a theory known as the strength of weak ties, which says that friends of friendsties that were not found in en the te because your friends you knowmi, but your friends friends might not have branches yet. you learn. yeah. you get to know more people. right hook you up. you know, this is like the i know someone who is a news director in your hometown, right? that's it's like critical third person not limited. in other words, you shouldn't limit yourself to just your close friends. yeah, i hear more and more, especially after the past two years of like, we'r

apple, don't trade it. every time we get one of these stories, i'm told by people very high level that anyone who talked to bloombergs fired now, apple's the largest company on earth when it comes to this, so why would you risk being fired by having an off the record discussion which then becomes on the record with bloomberg, unsourced not only that, but the main reason why there has been tremendous demand is that att and verizon are desperate to keep their customers, given that fact that t-mobile has kept its pricing down, so it may be entirely possible that someone wants to spread a rumor to get apple down, which would be, david, exactly if you were a -- let's say, somewhat nefarious, you do, in order to break the nasdaq >> that's true although, you know, i built my 35-year career on hoping that people will talk to me when perhaps it's not always in their best interest to do so, jim, so i'm not necessarily in the habit of criticizing other journalism. we've seen stories like this in the past you are right. >> that's my point >> oftentimes, they are sort of a misdirection not always and in this case, i would point

that follows the bloomberg scoop about apple cutting back on their new iphone production because of demandnot just tech that is under pressure. it is also consumer goods. nike shares falling more than 9% after hours yesterday, then -- for them it was inventory that was too high. they had been stocking up and to clear it they had to push through some pretty steep markdowns. you added to that the strong dollar, higher freight costs and what you get are margins that are severely under pressure. i told you i was worried about market fragility, stability. a lot going on on this chart, but basically what you need to know is dollar swaps spreads in silver have swung wildly. they have seen some of the biggest daily changes on record. are these crack starting to show up in the market? visit signs something is gone wrong, a bigger rupture along the lines what we saw from the u.k. pension funds this week? but it's friday, we can relax until we have to worry about things like that. have a good weekend, folks. hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertis

bloomberg markets." i am kriti gupta. let's go back to today's apple event. joining me is ray wang.hat a time to discuss apple as a start to unveil some of their new products. moments ago, hearing about characteristics of their apple watch 8. walk us through your initial reaction. ray: just when you thought there was no more innovation you could put into a watch, we heard measuring wrist temperature when you think about women's health, it helps with ovulation patterns -- other improvements you will see, bigger screen size, better battery life. kriti: i have to ask you because it is a sign of the times, we are talking about women's health issues at a time when roe v. wade was overturned. a lot of legal pressures. and i would argue privacy when it comes to big tech. how much worry does apple have when it comes to legality? ray: that is a great question. if you look at the way apple has debt with privacy it is about the user keeps their -- has dealt with privacy, the user keeps their data. they are designed for the individual and from the individual's point of view. that is something t

apple is. ed: we broke some news the other day here on "bloomberg technology."ut microsoft's confidence that this activision deal it's done. the market seems to be paying attention. what is your read on that? >> it will be a very interesting acquisition for everyone in tech. the general contention -- idea is that regulators will be very tough on soft. a new couple -- every few couple of months if there is no major hangups from regulators will see the price gap clothing -- closing. our analyst believer will go through due to the nature of the deal. ed: apple, fundamentals strong, near-term risk, why did you write that? guest: the reason we say that come if you look at apple right now 23% of their -- 43% of the revenue come from europe and china, to regions facing economic slowdown right now. europe, we think things will get worse, in the near term before gets better. the second thing we want to point out, the iphone 14 is not a mobile leader, a real mover for apple. the hardware design is old, in most cases the base model the processor is old. next year's model w

apple. they're not going to ramp up production. bloomberg demand for apple's new iphone 14 not as strong as expected, and that apple all has told suppliers not to follow through on plans to increase production. apple still expected, though, to produce about 90 million of the new phones. on the news. apple stock dropped shortly after that opening bell ring this morning. right now it's down about 3.5% taking a live look at the markets. the markets in general getting some help from yields are down a little bit. the british pound stabilizing after overnight news came in that the bank of england is going to be buying. bonds and that is helping out the markets. there is a live look. dow jones up almost a full percentage 0.278 points there. the s and p 500 up one full percent. the nasdaq up almost 2% 9 10,029 for the nasdaq, a new bank of america survey shows. more than two thirds of american workers say the cost of living is rising faster than their pay. half of those workers say they have made moves to try to deal with the financial strain. speci

apple. what does it mean? that is next. this is bloombergemily: the app association brands itself as a leading voice of thousands of apps all over the world. the vast majority of its funding comes from apple. the iphone maker plays a dominant role in shaping policy positions. bloomberg's emily birnbaum has been diving deep. talk to us why this association matters. >> i think the app association and apples power over the group is representative of a larger trend in lobbying by the big tech companies. they come under greater scrutiny from washington. they are pouring more money into the nonprofits, quote unquote grassroots groups, groups that represent more sympathetic characters than some of the largest and richest companies in the world. apples relationship with the association is only a small sliver of it but it is representative of how a lot of lobbying looks right now. emily: talk to us about apple's role. how much funding they provide and how much influence they exert. >> i spoke with a lead of former employees and people familiar with t

find us on all of your bloomberg devices, spotify and apple for the podcasts later on. alix?x: coming up, we'll continue the conversation around gold. it has been struggling this year as the fed hawks hawkish. we're going to break down the state of the market with peter next. this is bloomberg. ♪ >> you're looking at a live shot. coming up, the mayor of long beach joining us on bloomberg tv, 2:30 p.m. new york time. this is bloomberg. >> keeping up with news around the world, a recession now looks almost inevitable by economists. there's a probability of two straight quarters at contraction at 80% in the next 12 months, up from 60% in a previous survey. there's growing concern that an energy squeeze this winter will force a slump in economic activity. the executive arm has recommended freezing $7.5 billion in funds in hungary. that's because of allegations of corruption and fraud. orban has rewritten the constitution and extended his influence over the courts and education. and ukraine's president zelenskyy has renewed his pledge to retake all russian-controlled territory aft

want to continue this conversation with the ceo of creative strategies and bloomberg intelligence's senior analyst who covers apple we spoke to you last week from the apple event and got your preview, now that you have seen preorder data, how good does it look? >> it doesn't surprise me that we skewed sales toward the higher end of the portfolio. that is always the case with reorders. usual customers that preorder are early adopters with a higher income level. you always see that and i warn people not to judge the rest of the portfolio just by preorders. i think what apple has done this year with the pro line is appealing to a broader audience. dynamic island is refreshing the look and feel of the high-end family, to appeal to a broader consumer audience. emily: apple didn't raise prices, but we are in a downturn and we are paying more for gas and groceries and everything. are we going to upgrade our devices now? >> they can sell more than 200 million units every year. it doesn't matter what year it is. but for us, iphone 14 does not move the needle. we think is going to be next year's model, with bigger changes.

bloomberg. ♪ ed: meta sued for skirting apple privacy rules.lawsuit filed in san francisco by two facebook users claim the company built a secret workaround to apple's 2021 privacy rules and violated state and federal law limiting unauthorized collection of personal data. bloomberg has learned of the securities and exchange commission is set to let wall street keep payment for -- deals according to sources. the practice can involve one brokerage routing retail stock trade orders to another firm to execution rather than a brokerage or exchange. that has led to commission free trading championed by robin hood. critics question whether traders actually get the best price for this is part of an sec overhaul of stock trading rules. amazon's first thursday night football game drew an audience of 13 million, according to data from nielsen which suggests nfl fans across the u.s. could find the game last thursday. despite it not being available on tv nationwide. amazon's guaranteeing advertisers exclusive coverage will reach more than 12 million users a

bloomberg devices. a podcast available on spotify and apple later. oming up -- alix: coming up, the foreign minister of cyprus will join us. this is bloomberg. ♪ ritika: you're looking at a live shot of the principal room. this is bloomberg. keeping you up-to-date with news from around the world, here is the first word. there is growing speculation that russia may restrict its borders to keep men eligible for the mobilization from leaving the country's. russian men and their family flock to the borders. witnesses reported long lines at moscow's maid airport. the ocd has slashed its global growth forecast. the paris-based organization says the global economy will expand just .2% -- just 2% in 2023. the oecd also expects further interest rate hikes. in turkey president erdogan has stepped up his criticism of greece and saying forces are using greece like a puppet and has been critical of what he calls a greek military buildup. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120

bloomberg. he's no -- ♪ >> platforms have been sued for skirting apple privacy rules and a proposed class actionsuit filed in san francisco federal court. they claim that the company built a secret workaround to apples between 21 privacy rules and violated state and federal law, limiting unauthorized collection of personal data. bloomberg has learned the security and exchange commission could help keep them -- this match them to another firm rather than onto a brokerage. this is all championed by robin hood. they don't know whether the trainers would actually get the best price. although this is part of an overhaul of stock trading was. -- rules. nelson suggests that nfl fans across the u.s. could find the game last thursday. that is despite it not being available on tv nationwide. amazon is guaranteeing its advertisers will reach more than 12 million euros per game. all of this across stocks, the nfl network and amazon. emily chang's conversation with marc benioff where he made aggressive profit targets. this is bloomberg. ♪ >> welcome back to bloomberg technology. i am ed ludlow in new york. t

shares of apple falling today after a bloomberg report that it is pulling back -- demands purportedly failing to meet expectations. what does this mean for apple going into the holiday shopping season? particularly, a lot of analysts have come out in recent days or weeks really bullish about demand. demand is fantastic trade off the charts. here we are, a big difference if the report is true. >> that is the big question. if the report is true. we get some leaked details about apple shares every quarter and that sometimes causes a big commotion like it did this morning. i don't know. i don't know if that's going to be true or not. i agree. they were seeming surprisingly bullish. not been fun the last couple of weeks but i'm staying. >> i just say, look at the supply chain and some of the partners there. semiconductor went down a lot on the heels of that. down 37% of the year versus nasdaq down 31%. they have led to a downside here. maybe they are anticipating something in the smart phone space that is not doing as well as they expected. to me, it doesn't line up particularly great. we

bloomberg technology. wednesday, we will hear about the future of fintech. don't forget to check out our podcast. you can find it on the terminal and as well as online, appled iheart radio. this is bloomberg. ♪ >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates or bloomberg lp, its affiliates or its employees.nnouncer] the folg is a sponsored program that is furnished by shriners hospitals for children. (cheerful music)

off the and ipo to mobilize the automotive tech company, inking about a bloomberg valuation and delaying the market condition. apple having its best day since may, early preorder data on the latest iphone looking strong. twitter down after a third rejection of a third musk attempt to walk away from the deal. emily: let's talk more about twitter and musk, twitter rejecting the effort to cancel the deal yet again, saying it's invalid and wrongful. the third attempt to walk away from the deal, and third time is not the charm. the whistleblower, a former twitter employee, testified before the senate judiciary committee tuesday. here to discuss is jeff and alex. what were we expecting to hear from people on capitol hill tomorrow? >> i think the hearing tomorrow will follow two lanes of conversation. there will be questions around the data privacy concerns, around the fake accounts that the company is alleged to have ignored or didn't disclose. i expect the judiciary committee to focus on privacy issues. that might be a little less relevant to the acquisition but increasingly relevant as d.c. pushes through antitrust leg

bloomberg tech. we will hear about the future of fintech. don't forget to check out our podcast. you can find it on the terminal and as well as online, appleheart radio. this is bloomberg. ♪ as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. ™ haidi: good morning and welcome to daybreak australia. annabelle:

apple aims to produce 90 million iphones this year. bloombergo adds demand for the iphone 14 pro and the max is stronger than other models apple shares down 4% >>> up next, eisai and biojen shares up after the companies say their experimental treatment for alzheimer's significantly slowed the progression of the disease in the large study the late stage trial has been anticipated after a drug last year also developed by ee sigh and biogen and the chip sector falling today following insider reports that most of the major clients except for apple, they've cut orders for next year this includes amd, nvidia, and qualcomm, cutting its revenue forecast for 2023. finally, blackberry, that stock is lower even though the company reported a smaller than expected second quarter loss. it also beat revenue forecast. revenue from its cybersecurity business fell as customers reined in spending due to economic uncertainty. >>> time now for something random but interesting of course, for that, we send it out to our brian sullivan. >> in today's rbi, let's talk re

apple's new lineup of devices. some major surprises. this is bloomberg. ♪ yvonne: here is your latest business headlines.na will defend a recent decision, and aggressive move by an individual creditor with a small holding. it said the case will not have any material impact on debt restructuring. a worse than expected quarterly loss of $396 million, as covid lockdowns hit one ev maker, despite revenue increasing to $1.4 billion. neo's delivery bounce back after the april lockdown. apple has unveiled a new lineup, except it's not raising prices despite inflation. emily chang has more. emily: i'm coming to you from apple headquarters in cupertino. apple unveiling new products, iphones, watches, airpods. the biggest surprise is how much it costs. despite record inflation, apple is not raising prices on its new phone, so you can buy an iphone 14 for the same prices and iphone 13 last year, but there are technological upgrades, faster, longer battery life, better camera technology, also satellite capabilities, meaning you can send an emergency sos from wherever you are in the world even if you don't have servi

broadcom sells a wide range of chips to apple, google, and cisco. drop into the bloomberg will see that they have become a bellwether and also invaded the fate of so many other chip companies which have had a very difficult year. >> the other side of the story a big plunge in chip stocks. >> nvidia took a lot of their peers down in the regular u.s. session. these were significant drops. nvidia took a lot of their peers down because they warned that the new government rules about the exports of artificial intelligence chips, the ai chips to china could hurt the revenue in the range of hundreds of millions of dollars. they warned they have two chips in particular that will require government approval before they can be sold. they followed up with another announcement that they have been given a license to provide support to u.s. customers in china. to phrase one analyst, you can see chip pain for the bigger industry, there are clearly more broad takeaways that the government here in the u.s. is taken the more aggressive approach to software into chip exports to china. >> ple

apple's far out event. the iphone will help shares. we will bring you the latest next. this is bloombergpretty big events over the next 24 hours we need to talk about. apple is going to be kicking off its new iphone launch. tomorrow we get the ecb out with its rate decision so let's talk about both of the stories to set you up over the next 24 hours. with the ecb first let's go to frankfurt. joining us from there now. let's talk a little bit about what's going on here. the markets price and 75 basis points. are we going to get it? >> it's a very good question and a lot will depend on the forecast the ecb will see at its meeting tomorrow. and already has seen today. that 75 basis point hike would be unprecedented when you inc. of it as tightening. it was floated by policy hawks last month when they all were in jackson hole with fed officials. in the meantime some of this is pushed back saying the outlook is deteriorating. steady rate increases closer to what we've seen in july may be more appropriate. so it's pretty much a 50-50 thing. we've heard from lagarde -- we've not heard where she

now apple declined to comment on bloomberg's report, but we know how the market is reacting here, downnk it was bank of america or barclays forgive me, a bank with the "b," said is this fake news this is not quite like a certainty hing investors are selling on speculation and some reports we don't know. >> that's right. we get this pretty much every fall as soon as the new iphone launches there are reports and speculation throughout the supply chain that makes its way into reports like this one saying hey, maybe demand isn't as good and then apple comes out and knocks out expectations. keep in mind they're also talking about unit sales being flat they're not talking about iphone revenue, which is what apple reports now. they report the revenue, not how many devices they sell and that's where people are going to be looking for growth and if the pros are selling as well that boosts their revenue. >> stock had a tough year, down 17%. got used to apple going up appreciate it. thank you very much. >>> thank you all for watching "the exchange. you're not done with me. i'm going to join conte

a bloomberg is reporting that as a result apple told its asian suppliers and you can see their stocktoday, don't increase production. stick to that original plan that we first said 90 million units so don't increase it by 6 million. dan ives says his tracking shows that demand is really big for the 14 but maybe just for some models. stuart: not often you see a stock like apple fall, it was down five bucks earlier now it's down three and a half. you don't see that movement very often but now here is some real movement look at this. biogen. look at the gain. lauren: wow. stuart: i know why their alzheimers drug is showing promise ain't that right? lauren: lesenimab is the name of it. so many families are affected by an older person getting alzheimers dementia. surprise phase iii trial of this biogen alzheimers drug help ed as a win. it helps slow cognitive decline in patients of the early stages of alzheimers by 27% in a year and a half. that's pretty significant. likely, they have enough data to get regulatory approval here, and it's being hailed by the wall street community as a pote

apple pay later may not be available until spring. now, according to a report by bloombergature was supposed to come out in time for apple's ios 16 ios 16 update and released now that delay could be due to possible technical and engineering challenges. apple pay later would be it would let buyers make interest-free installment payments on products. >> from the producer of bridesmaids and trainwreck. there's a new movie that is revolving around 2 men with commitment issues. doug kolk takes a peek. >> the film is the first romantic comedy from a major studio with an entirely lgbtq main cast. the lgbtq+ museum. everyone is really excited and totally getting along. >> to be bisexual awareness week and one acknowledged a mask history month was marks. the mix toler brought the idea of doing a romantic comedy to me. but >> acknowledge that he wasn't and wanted to build one around me. but once i sat down to think about it turns out i had a lot to say, of course, lesbians get a month and we get a week. >> you know, i wasn't ever asked to be multidimensional or to really show differe

as the previous, which given the environment will be seen as -- emily: bloomberg technology will be coming to you live from the appleednesday of next week. we will be across all of the new iphones we are expecting them to unveil. ian, thank you for that update. coming up education in the metaverse. it may not be as far out as you think. we talk about what it means for sticking to data privacy. this is bloomberg. ♪ this is xfinity rewards. our way of showing our appreciation. with rewards of all shapes and sizes. [ cheers ] are we actually going? yes!! and once in a lifetime moments. two tickets to nascar! yes! find rewards like these and so many more in the xfinity app. emily: welcome back. for the last installment of our ed tech series, we want to look at education in the metaverse. with today's technology prompting safety concerns, how do we make sure the metaverse can be safe for all students? let's bring in a professor of psychology at temple university and senior fellow at the brookings institution. doctor, thank you for joining us. what does the metaverse look like in the classroom? or should i say, what does

and it's adding fuel to the fire from that bloomberg report that came out yesterday, saying that appleting extra iphone production as that bones demand never materialized still, most on the street pushing back on the narrative saying, unit sales will be flat year over year, but the strong sales of the more expensive modd offset any weakness. and that $900 14 plus is launching next week. >> and we'll find out. steve, thank you very much >>> so that is the fundamental side but what about the charting, the technicals let's bring in tony zhang with options play feels like options action, but it is only thursday, not friday. good to see you. do the charts show any support for apple anywhere. >> charts slabsolutely do show quite a bit of support and when we think about the market, apple is the market. but the charts and fundamentals both tell a different story because if we look at the charts here, if you look being at chart of apple over the last two years, i think the first major level of support that we can go back to is the 140 level this goes back to july of 2021 basically all investors

it's obviously not to the level of apple and the sales they make, but they are moving some of their production to india. we know bloombergms like the market just wants to go up, right? tesla, lucid, lieu -- lucent building 40-50 cars a day after that logistics overhaul. tesla is bringing back up untrained service workers because that's usually year end, right, is when you want to make those production sales targets that you've outlined for the year. also we have oil prices up and, of course, in this green climate push with how many millions and billions of dollars being spent in d.c., i think some of these stocks are getting lifts -- stuart: you said tesla's bringing back untrained service workers? what's the significance of untrained? susan: well, usually there's a lead time to train some of these workers so you get the right service for your model ss, ys and 3,but they want to get the cars out to people who keep buying those teslas. they promised 1.5 million cars to be produced this year,ing so you need to push that out. stuart: okay. susan: by the way, i was driving a tesla in california, and i again, trying the beta

apple knew by now, pay later future has yet to arrive on iowa 16. according to a report from bloomberg, the delay is due to technical and engineering issues. it will eventually let you may a payment through apple pay and pay it back in four installment without interest. it was supposed to day views of timber 12, but it may be pushed back until the spring. apple announced it intends to make the upcoming iphone 14 in india. it comes at a time when tech companies are looking for alternatives to china, where global supply chains have faced disruption due to rigid covid. -related lockdowns. . . there are growing concerns about the risk of a greater rift between china and the united states over taiwan. after evading capture for a week, a sly seal somehow made it into the ocean -- made from the ocean, i should say come into a freshwater pond, eventually turning itself into a beverly hills police station around 2:00 a.m. on friday. four-year-old schubert the seal caught on surveillance footage and what would be the most unusual police chased her he hopped, he waddled, tried to get through the