they compete with facetime, google hangouts, and more.acebook accounts for 10% of all voice over internet calls may globally already. now to the lede. apple reports and other huge quarter. revenues up 27% year over year. profit of 13.6 billion dollars up 33% from last year. apple sold more phones in china than in the u.s. they expanded their capital return program to $200 billion boosting share buybacks by $50 billion and hiking the dividend 11%. one concern, ipad sales fell again. the big deal -- tim higgins covers apple for bloomberg. there are comparisons to analyst estimates. these are largely in line. what do you make of this quarter? >> this quarter shows apple can continue to defy the laws of physics. with a product people absolutely love, and an ecosystem that gets stronger and stronger every single day. when you go through this, the gross margins of 48%, and the gross margin guidance, that basically says that we have a premium for our products, and people will continue to pay for those products over time. this was a great quarter

google. the social network is releasing a video call feature for its messenger service. it will work on iphone and android. that puts facebook in direct competition with apple's facetimes hang out. it has over 6 million users already. those are your top headlines. tom: very good. craig moffett with us, that is important. jack lew, a conversation with our brendan greeley on tax reform. and what is next for deutsche bank? professor brad hintz at the challenges that deutsche bank faces. we will speak to mr. hintz about the uproar over the committee in this hour. olivia: president obama and japan's prime minister are meeting today to talk trade, but obama played tour guide before getting down to business will stop you took able to the lincoln memorial where they looked at the gettysburg address etched on the -- down to business. president obama took abe to the lincoln memorial, where they looked at the gettysburg address etched on the marble. peter cook, this is the first time a japanese leader will address a joint section the session of congress will stop why does this matter so much? peter: they are rolling out the red carpet for shinzo abe. this is to highlight the eco