we welcome dryden pence. chief investment off at the pence wealth management. good to see you dryden thanks for joining us. >> good to see you thanks for having me on. >>> you bet. let's start with the first pick, which is apple, vermuch in the news. yesterday. sell off they see a slowdown in china in iphoneheales and suffolk is tanking since october. you like it why. >> we like it particularly at these levels we like it because i think people underestimate a couple of things. obviously it's the china story but that's china only. and trade war end. trade actives end. and i think we will see a rapid recory from that. but what we really like about apple is how it has changed and is changing. it increased the services style business $37 billion. that's bigger than netflix and adobe combined. and salesforce combined. you also have to recognize the value of their cas if you just took the interest earned on the khana apple has, that's equivalent to the sales -- they'd be the 153rdpa largest c in the s&p just on the cash they hold alen. they have two big things making

dryden is an interesting guy. one of the reasons why none of you know who is because he's a soft spoken guy who didn't credit for anything. he is a shrewd negotiator and knew all the people and had good relations with the folks in the military. he was able to pull off some amazing things. he wound up being the deputy director of nasa after it became nasa. he planned on leaving, actually. but he said i'll take the job of the administrator of nasa on as one condition, if hugh stays as my deputy. jim webb comes in under kennedy and said i'll take the job under one condition. that this guy stays on as my deputy. dryden stayed on as deputy. he continued to work and died on the job in 1965. so a lot of reason why i think we don't know about it, because he wasn't there when we actually succeeded. he was shrewd and able to pull off some amazing things. if you believe this, having worked in the bureaucracy for a long time, i find it hard to imagine how they did it. one of the most successful research programs at nasa has d

kevin and dryden, see you next time. pa apple down now 9.75%.ell ringing in 16 minutes. did you see factory activity? yeah, that number came out for december. slowing last month. that did not help the situation, spooking the markets, but is this sort of an ominous sign of things to come in 2019 or just a glitch? charlie gasparino and our floor traders are coming right back when we return. i wanna keep doing what i love, that's the retirement plan. with my annuity, i know there is a guarantee. it's for my family, its for my self, its for my future. annuities can provide protected income for life. learn more at retire your risk dot org. a business owner always goes beyond what people expect. that's why we built the nation's largest gig-speed network along with complete reliability. then went beyond. beyond clumsy dials-in's and pins. to one-touch conference calls. beyond traditional tv. to tv on any device. beyond low-res surveillance video. to crystal clear hd video monitoring from anywhere. gig-fueled apps that exceed expectations. comcast busin

the trump administration withdrew that dryden -- withdrew that guidance. these cases have been decided increasingly under the 14th amendment's equal protection clause rather than under the statutory regime, thinking about title ix. and so, justice kennedy never wrote an opinion involving transgender people. but he was of course, the court's most vocal proponent of equality. many people of course, would see these issues as being like. we don't know what justice kavanaugh is going to think about this issue, but he may well not be as protective of lgb ts youths as kennedy was. the other area that i would also keep an eye on as potentially changing, would be, respect unauthorized on immigration. there is a case from 1982 called feiler versus doe, were a texas sought to exclude unauthorized immigrants from its public schools. good supreme court of the united states invalidated that measure. it obviously violated the constitution. john roberts, when he was a young attorney, working in the reagan department of justice, wrote a memorandum, suggesting that that cas