this transaction at green apple books took 11 seconds to process. the average swipe takes two seconds. so we have a 9-second lag time. that is what this is about? nine seconds? >> how we use cards hasn't changed in decades. just an added 10 seconds on how to use the cards really feels like a big shake up. >> the time lag is enough that retailers are scrambling for a fix and one has been found. >> it's some upgrades to the software that the retailers use in their terminals that will cut down on the amount of time that car needs to be in the terminal. >> the software changeover will take a while because there are different software makers. it takes time to train store employees. the hope is to speed it bap few seconds. to see my reports go to abc7news.com. and select 7 on your side. now, the state senator saying californians are wasting their money changing their motor oil. >> it's unnecessary. >> that is what you need to know so you're no longer pouring money down the drain. >> that is important. >> yes. >> coming up, a warning for pet owners. >> wha

this transaction at green apple books took 11 seconds to process. average swipe takes two seconds. so we have a 9-second lag time. that is what this is about? nine seconds? >> how we use cards hasn't changed in decades. just an added 10 seconds on how to use the cards really feels like a big shake up. >> the time lag is enough that retailers are scrambling for a fix and one has been found. >> it's some upgrades to the software that the retailers use in their terminals that will cut down on the amount of time that car needs to be in the terminal. >> the software changeover will take a while because there are different software makers. it takes time to train store employees. the hope is to speed it bap few seconds. to see my reports go to abc7news.com. and select 7 on your side. now, the state senator saying californians are wasting their money changing their motor oil. >> it's unnecessary. >> that is what you need to know so you're no longer pouring money down the drain. >> that is important. >> yes. >> coming up, a warning for pet owners. >> what ha

this tracks action at green apple books on the park took 11 seconds to process.rage swipe takes stew seconds to process. so we have a 9-second lag time. that's what all this fuss is about, nine seconds? >> how we've used credit cards hasn't changed in decades, so even just an added ten seconds on how we use these cards really feels like a big shake-up. >> the time lag is enough that retailers are scrambling for a fix and one has been found. >> it's basically some upgrades to the software that the retailers use in their terminals that will cut down on the amount of time that card needs to be in the terminal. >> the software changeover will take a while because there are different software makers and it takes time to train store employees. but the hope is to speed up the transactions by at least a few seconds. i'm michael finney, "7 on your side." >>> would you ride on an overnight bus from san francisco to los angeles if you had your own bed? a stanford dropout recently started sleep bus. you crash in a private bunk while the bus drives overnight from sf to l.a. y

they partner with green apple books in their back room to encourage reading and literacy for our neighborhoodexceptional community builder business. it's my honor to introduce chet tong of la promenade cafe. small business of the year. chet tong. [applause] june first will be our third year as la promenade. we never thought we'd be a part of a community that is so supportive. thank you to you, especially, supervisor mar. you've been in and out of our place so many times. we appreciate all the support we get from you and the other supervisors as well 8 when he we started three years ago. our mission was to create a coffee shop where people are happy to come to so people feel good about it. it's not just about creating a business, but giving back to the community. it's not just a business. my wife couldn't be here because we're expecting our first child. weed a like to say thank you and we're happy to be a part of this community of san francisco. and we know that we can plant our flag here knowing this a great city that has our back that gives us the opportunity to survive and thrive. thank you

they partner with green apple books in their back room to encourage reading and literacy for our neighborhood. exceptional community builder business. it's my honor to introduce chet tong of la promenade cafe. small business of the year. chet tong. [applause] june first will be our third year as la promenade. we never thought we'd be a part of a community that is so supportive. thank you to you, especially, supervisor mar. you've been in and out of our place so many times. we appreciate all the support we get from you and the other supervisors as well 8 when he we started three years ago. our mission was to create a coffee shop where people are happy to come to so people feel good about it. it's not just about creating a business, but giving back to the community. it's not just a business. my wife couldn't be here because we're expecting our first child. weed a like to say thank you and we're happy to be a part of this community of san francisco. and we know that we can plant our flag here knowing this a great city that has our back that gives us the opportunity to survive and thrive. thank y

apple's brand-new flagship store in san francisco. construction costs for the new store including a 40 foot sliding glass door, green wall said apple back 25 million. they budgeted 1 million for the staircases alone. apple gave numbers to city hall before any construction got going so the final cost could be higher than that >>> game six tonight for the warriors and thunder,. golden state is looking for another win as they continue to try to shape the lead hit that is at the team beat oklahoma city thursday and i final score 120-111. tipoff 6:00 at chesapeake energy arena. >>> cheering on the warriors tonight they will host the event at oracle arena game tips off and tickets are $20 and one portion will be donated to the oakland committee foundation as well as warriors committee foundation. parking opens at 4:00 costing $10. >>> the sharks prepare for the stanley cup playoffs san jose digging on the penguins. his look at the schedule for the personal four games. game 1 and 2 pittsburg wednesday game three and four and downtown san jose saturday, june 4 and monday and monday, june 6. dianne feinstein is betting on the sharks to bring hom

they partner with green apple books in their back room to encourage reading and literacy for our neighborhoodexceptional community builder business. it's my honor to introduce chet tong of la promenade cafe. small business of the year. chet tong. [applause] june first will be our third year as la promenade. we never thought we'd be a part of a community that is so supportive. thank you to you, especially, supervisor mar. you've been in and out of our place so many times. we appreciate all the support we get from you and the other supervisors as well 8 when he we started three years ago. our mission was to create a coffee shop where people are happy to come to so people feel good about it. it's not just about creating a business, but giving back to the community. it's not just a business. my wife couldn't be here because we're expecting our first child. weed a like to say thank you and we're happy to be a part of this community of san francisco. and we know that we can plant our flag here knowing this a great city that has our back that gives us the opportunity to survive and thrive. thank you

. >> it's got fresh aromas of peach and green apple.y quiet, and it hasn't been quiet since 6:00 a.m. that was before the three melt downs, two from the 18-month-old and one from your yourself, we are happy it's nap time. >> you have three. you have two kids. 6 and a 7-year-old. >> 6 and 9. >> 6 and 9 years old. great. the next one is my kids are attached to me 14 hours a day. >> we know this feeling also. once they become toddlers like our legs have a mag -- magnetic force on them. they're in between your legs, there's no escape. you can't go to the restroom alone. >> which wine goes with that? >> a merlot. it's got aromas of plum and very soothing. >> did we say this wine? that goes with the kids that nap. you need a victory one. >> yep. called happy camper. >> this is butterfly kiss. that goes with the years go by so fast. >> oh, we know in these longer days of motherhood it feels like we're kissing our babies good night and snuggling with them. but then one day it hits us they're growing and one day they'll leave the house. the days

they partner with green apple books in their back room to encourage reading and literacy for our neighborhoodexceptional community builder business. it's my honor to introduce chet tong of la promenade cafe. small business of the year. chet tong. [applause] june first will be our third year as la promenade. we never thought we'd be a part of a community that is so supportive. thank you to you, especially, supervisor mar. you've been in and out of our place so many times. we appreciate all the support we get from you and the other supervisors as well 8 when he we started three years ago. our mission was to create a coffee shop where people are happy to come to so people feel good about it. it's not just about creating a business, but giving back to the community. it's not just a business. my wife couldn't be here because we're expecting our first child. weed a like to say thank you and we're happy to be a part of this community of san francisco. and we know that we can plant our flag here knowing this a great city that has our back that gives us the opportunity to survive and thrive. thank you

green. >>> alert here, apple not working with the fbi to unlock a terrorist iphone, but taking meetings reportedlyh communist china to drum up struggling business. my next guest says ceo tim cook is helping the wrong people. >>> and speaking of apple, the mayor of cupertino where apple is headquartered is calling the company out for not paying enough taxes. the mayor of cupertino, california, is here to talk about it with us next. at ally bank, no branches equals great rates. it's a fact. kind of like social media equals anti-social. hey guys, i want you to meet my fiancÉe, denise. hey. good to meet you dennis. ...one of many pieces in my i havlife.hma... so when my asthma symptoms kept coming back on my long-term control medicine. i talked to my doctor and found a missing piece in my asthma treatment with breo. once-daily breo prevents asthma symptoms. breo is for adults with asthma not well controlled on a long-term asthma control medicine, like an inhaled corticosteroid. r >> roid. once your asthma is well controlled, your doctor will decide if you can stop breo and prescribe a different asthma

they partner with green apple books in their back room to encourage reading and literacy for our neighborhoodexceptional community builder business. it's my honor to introduce chet tong of la promenade cafe. small business of the year. chet tong. [applause] june first will be our third year as la promenade. we never thought we'd be a part of a community that is so supportive. thank you to you, especially, supervisor mar. you've been in and out of our place so many times. we appreciate all the support we get from you and the other supervisors as well 8 when he we started three years ago. our mission was to create a coffee shop where people are happy to come to so people feel good about it. it's not just about creating a business, but giving back to the community. it's not just a business. my wife couldn't be here because we're expecting our first child. weed a like to say thank you and we're happy to be a part of this community of san francisco. and we know that we can plant our flag here knowing this a great city that has our back that gives us the opportunity to survive and thrive. thank you

apple's brand- new flagship store in san francisco. construction costs for the new store which includes 40-foot sliding glass doors and a green wall will cost apple 23 million- dollar. they also budgeted a million dollars just for the staircase. the blog says that apple gave those numbers to city hall before construction began so the final costs could be higher than $23 million. >>> you want all those scores high tonight. you have been multitasking right now. >> yes, i have. we have a little baseball early and then hard stuff a little later on. all right. the giants now, boy, they had a man down. matt cain on the dl today right hamstring strain but boy, did they bounce back from friday. here's the hawk soaring gaining altitude above coors field the rockies, the buster posey blast that ignited the team. three-run ride to get him on the board. madison baumgarner got a no decision pitch well enough to win the game out of a bases- loaded jam in the 6th with a double play. the bullpen did not have his back. could not hold down a 4-1 lead. two on. lead cut to 4-3. then gonzalez swung on gone a two-run shot. rockies came all the way back led

. >> the april retail sales headline number up 1.8% for that month, and despite that apple has been greent the morning, and but, you can see that the dow is down by 39 point, and the s&p is down by three points, and the nasdaq is positive and largely helped by apple, and surprise retail sales are not helping the individual retailers and jcpenney is in the green after the sales estimates and they are lowering the guidance of the profit margins and the stock is up 1%, and nordstrom is falling sharply after the earnings, profit, revenue, and all missed the expectations, and the full-year outcome is like many names, and it is a stock down and st staggering 10%. >> and the future of digital video on display as the digital advertising is set to top tv spending for the first time in history, and what name should you watch, and plus, rallying a few moments ago by the nasdaq, and ceo is going to be joining us live, and speaking of the ipo market, and the headquarters at deutsche is having some answering when we come back. ♪ there's a lot of places you never want to see "$7.95." [ beep ] but you'll

apple and microsoft.. and rg interest rates.. giving bank stocks a lift. look at all that green! the closed up more than 200 poi- s- and-p also saw >>> stocks surged higher today bolstered by apple and microsoft. look at all the green, the dow closed up more than 200 points today. nasdaq, s & p also saw big gains. not all rosy though. twitter stock tanked today. to below $14 a share. meanwhile, twitter released new changes today, including giving users the power to do more in a tweet. soon photos and videos and other media will not count against the current 140 character limit, but may not be enough to impress advertisers and investors. >>> the newest version -- the cover shows yahoo's ceo marissa myer baring a y shaped cross. the reference is obviously biblical, with the caption, the end is neigh. yahoo said running that is variety's own burden to bear. yahoo has been struggling, the company is now looking at selling off parts of the business. >>> katie tang is pushing to make breastfeeding more comfortable for city employees. she introduced new legislation to require the city's

the green energy effort. $2 billion. an apple treedoes not bear oranges.ree that the clintons exude is the political tree. you look at trump and that is more of a business tree. you get business group that comes from that. trish: you like the idea of the woman in the oval oval office. you are a businessman yourself. what do you think that someone that has worked in the private sector brings? >> you cannot have dead weight around. look at the various programs that we have. forty some programs for financial literacy. women's pay. all kinds of entity that does the same thing. i believe the whole idea of trying to make a more efficient. i often thought when i was encouraging rick santorum that we could put romney in charge, homeland security. commenters -- commerce and vague regulations. trish: someone who understands by that market. did i just hear you say you a bite to hear mitt romney team up with donald trump? >> when i was behind santorum i was fantasizing who would you good where. i was imagining all the different disparages. who would be best to kind of

green juice drink. the recipe called for three apples, four stalks of celery, a bit of ginger, half a lemon, a large orange and spinach leaves. it was tasty but had 250 calories and 13 1/2 teaspoons of sugar and only about 2 grams of fiber. the vast majority of the fine, more than 30 grams, ended up here in the trash. lustig says without good fiber these excess juice sugars are stored as fat. >> if you're dumping the fiber in the waste basket, you're sort of missing the whole point. >> reporter: so while some fans love their juice -- >> we love juice. >> do the juice dance. >> reporter: -- experts say consider eating the real thing. >> if you consume food as nature intended it, then there's no problem. >> reporter: in san francisco allen martin, kpix5. >> pure vegetable juices are very low in calories and naturally occurring sugars. 80% of americans don't eat enough fruits and vegetables and drinking juice can help them meet their goals with the same important vitamins and minerals. >>> check out what we spotted in the bay this afternoon. how beautiful is this? two whales splashing around. they spent the d

>> flipping between red and green right now as the technology shares, especially apple.er stock dragging, tesla. it reported its first quarter after the bell yesterday, mainly in line, but the volatility we have seen in the post-market yesterday, the premarket today, and actual trading, it is very fitting to a stock was very strong views to investors. battle between the bowls in the barrister the bulls case is that tesla will turn profitable in the company will continue to exceed and raise reduction targets. increasing debt and the company will have problems with his production. only time will tell which side is right that both sides can that elon musk is a true visionary, something that shows with the stock up more than 800% from his ipo all the way back in june of 2010. recenthat about the more you point of tesla stock? >> as you may guess, anything to what is happening today, volatility. big swings up and down between the bowls and the bears. back again today, below the 200 day moving average, it does appear to be a little bit of aligned in -- a line in the sand or mi

green. highlight a couple stocks, one is apple. did not participate in the sellouts today, reversing its downtrend. the best again in five weeks, quite a reversal since earnings last week. i did want to put the rally into perspective. 250take apple versus its day average, that is a bananas chart. much lower it is then all those averages, and how quickly it got there. joe: a nightmare. alix: there you go, the title for that. and twitter, another record low for the stocks. talk about earnings slumps. hitting a another record low today, now down 20%, over 20% since it reported earnings. is unbelievable, that that is a five day chart. with the risk sentiment we saw in equities, not surprisingly, that carried over in a dramatic way to government bond markets. you have the two-year and 10 year yield on the screen, both down a lot. germanopped today in bund yields. bundu remember the tantrum, there was a surge, and a reversal. for now, we are not getting any equivalent deal surge on the one-year anniversary of that. on at currency front,

are looking at a sea of red in the dow. 30 -- with just four companies in the green, intel, pfizer, and travelers. and apple trying desperately to make a comeback. adam shapiro has more on what's moving the markets from the floor of the new york stock exchange. hi, adam. >> hey, david, going into the close, we were what? 705% to sell. so there were some market movers who wanted to get out as we headed into the weekend. and one thing that as you speak to the traders, talking about the sell i just don't of on the dow was the fact that they're getting ready for that june believe it or not federal reserve meeting. that's the retail sales number we got today. the 1.3% increase for aprilmide bode well for an argument. believe it or not to raise interest rates despite retailers. so the dow -- when you take a look at where the dow is, still positive for the year, the s&p 500 slipped into negativeter for her for the year briefly but it will close today barrel positive. nasdaq is down for the year, roughly 5%. and then you take a look at a stock, talking about apple trying to get its second act together. apple closed

so this is a green juice that has kale, spinach, apple, romaine, and then i have mixed it with a littlewatermelon as a garnish. >> the trick is having one of these? not four? >> exactly. >> everything in moderation. you are featuring one of my favorite drips. hummus. a lot of protein in that. a lot of garbanzo beans and healthy fats with olive oil? >> exactly. the health fats with the guacamole and a little crunch, the veggies. >> and then this is a sangria that you put together? >> white wine sangria. what's great about this is it's mixed with a little bit of berry flavored pellegrino. so it's not quite as strong. then i mixed it with some antioxidant rich blueberries and strawberries. this will help your body flush out the alcohol while you are drinking. >> this has a little bit of sweet in it? this is miles ahead of soda? >> absolutely. >> the average soda has 12 teaspoons of sugar? >> yes. i use an organic white wine. a chardonnay. so pair that down with a little bit of a pellegrino. it will bring the sweetness down. >> good. talk to me about this shish kabob. >> they are burger bit

. >> they were hit pretty hard and may be without green after he was hit with a big foul. >> jason apple balm is joining us now. is he going for game four. >> they are still reviewing the play. if you saw the game, it is along party lines, you think it is inteptionzal, if you are a warrior fan, you don't want to believe that. look at the video. can green intentionally kick steven adams in the groin here. when you look at it, i mean, it sure looks like it to me and i am being onive, he made a move at the end of his shot and now stef cur and everyone else was shooting the ball and legs flail when this happens. >> mr. westbrook flames his leg. >> i know. it is a big deal. if they rule this is a flagrant, two or flagrant one, then green could be suspended for one game. that would be a big deal. wore of warriors need him. here is what dramon said today after practice about the kick. >> like i said. i can see how someone could think it is intentional, but no one can say in my head, i was thinking of kicking them. >> if you watch them, i will go back to the three-point line and turn around and

apple has been the huge theme. it continues with david einhorn's green light that they've added almost 2 million shares of apple thatdings am to 8.2 million shares. this is a stock he's been in for five years. his side in term of the holds have been fluctuating. that continues to be it. selling 3.5 million shares. he said he had exited that position with small loss. they were disappointed at the costs and concerns about long-term profits. he essentially bought 5.5 million new shares bringing his toadal holdings to just shy of 9 million, kelly. a number of interesting moves from david einhorn. >> thank you, kate. what do you think? >> it was a real beaten down stock in the third quarter. this was more than cut in half. so clearly he's in there basically taking the other side. the apple thing. if you owned apple three years ago and mostly it was for financial reasons, it's pretty much in tune with what you were looking for. >> they spun off a lot of the chemical business. so much consolidation in the chemical business. speaking roughly i would say that's another opportunity to consolida consolidate. >> right. there wa

green. they pretty much matched movement for movement throughout the day, although apple clearly is up in the indices are still down. david: keeping the market afloat. energy leading the declines. julie: yes, energy is the group that is doing the worst in the s&p 500. that is because true to seeing a tumble of 44 -- of below $44 a barrel. we will be watching the production numbers closely because we have been seeing sliding production of oil. index, just a few moments ago, we're talking about the numbers and commentary coming out of services like halliburton and baker hughes. it is the worst single day performance going back to march 8. i wanted to look at other assets . in the currency market, we have seen something of a bid for the u.s. dollar today as investors look for what they perceive as safety. euro down about a quarter percent versus the u.s. dollar, ending the euro's winning streak lately. and we see a movement in the 10-year. it is falling in yield today. again, it looks like the safety trade is something bennett eating treasuries. -- something that is benefiting treasury. david: j

green. one blotch of red on the map, if you look at the markets, is in tech hardware. apples straight for us. -- straight loss. but overall a positive day. alix: $79 billion in market cap for the last few days. two stocks we are watching in after-hours trading, one is tenet healthcare, popping, reiterating in 2016 forecast on the high-end above estimates. not the same story for aig. the company is seeing its third straight unprofitable quarter as it suffers from losses from otherfunds and investments. they lost $.16 per share. net investment income was down 44%, made off hedge funds, coming in low of $577 million. they're making money, though, in some capacity, for every $100 they made in premiums, they only had to pay out about $96.90. so they made a profit margin of three dollars. when it comes to future business, outlook is weak. this chart shows that up guidance as a percentage of total guidance is around 20%, down from 21.5% in the beginning of the year and when below where it was a year ago at 25%. joining us now is tobias leskovich from citigroup. you are noted for bei

apple started off in the green today, getting a bit of momentum still from that investment from warren buffett's berkshire hathaway, but i it lost ground for the first time in three sessions and we saw the fang stocks continuing to be a drag as well. they're just not getting the movement, even when they've gotten announcements. facebook tomorrow markets the anniversary of going public here at the nasdaq. it's near all-time highs but these days it continues to also be negative on sentiment. one of the areas that did buck the trend, chinese technology had posted better than expected earnings, and that carried over to some of the others in this space. back to you. >> here's a look at the volatility index that spiked 16 at its high today. first time since earlier this month. brian joins us. is this all the feds are doing or what's going on here? >> you mentioned the vix hitting 16. you look at six out of the last seven trading days, the s&p has swung 1% up or down. when you get that level of volatility in the market, you start to get fear. it's starting to spill over into the equities mark

greens and abundant energy. through this tunnel of the princeton plasma physics laboratory, up a few flights of stairs, sits a device. >> it looks like an apple that has been cored. >> reporter: that cored apple could one day lead to efficient and plentiful fusion energy. >> we would provide even why i for millions of years for all of mankind. >> let me see this. >> there we go. >> reporter: friday u.s. energy secretary, toured the upgraded machine at princeton university, marking unveiling of the new fusion center stack which cost 94 million-dollar in federal funds, and five years to improve. >> upgrading it considerably to have twice magnetic field, twice amount of plasma and tweet heating power and five times duration of the plasma. >> reporter: over the next year michael and his team of physics and engineers will shoot beams of plasma in the device super heating it to 50 million degrees, five times hotter than surface of the sun. >> previous experiments have produced 11 mega watts of power, enough to power a small city but charge lasted for just one second. these new experiments will test whether power cannulas much longer at larger amoun

green and up half a percent, 1277. >> today's top corporate story. and this is a big deal. appleting $1 billion in didi chew shiuxing the deal comd speculation. the company has hired automotive experts and although the firm says it is looking to focus on the incar experience, some are wondering if apple is looking to build a self-driving car. that is one speculation. apple shares dropped below $90 a share yesterday for the first time since 2014. concerns about slow demand ahead of its next iphone launch which is expected in september. that is the iphone 7, weighing on the entire apple economy and share price. there is the overnight action. watch out for stocks like these. interesting son so many levels. we care about the apple angle with the stock at 2014 lows. they don't usually do investments like this. the last big deal they did in the billions was -- but they usually fold in companies. this investment in china, is it about the technology or is it just trying to make nice with the chinese government after we know how critical that market is after icahn raised concerns about wh

green roof of trails. the initiative will be on the ballot come november. >>> cupertino is growing all over. >> the new applepus is the driving engine here. >> they will hear plans from a huge new apartment complex near apple's so-called spacex camp. it has a smaller facility there. how close is it? take a look at that map. there is the super spaceship property and there is the apartment property next to it. apple tried to buy that apartment property but the company said no. apple shares are at a new two-year low. they lost $75 billion off its market cap with harris shares down 12% in just the past few weeks. >>> the group of journalists handling the panama papers will release new financial data at 11:00 a.m. our time. you should be able to look up names. the first set came out in early april. documents from the panamian law firm. >> head of lending club is stepping down. the founder resigned after an internal investigation found irleg loans totalling $22 million to a lending club investor. he also stepped down as chairman of the board. >> the business model is super interesting. it matches people with money

green is great. we will explain next. ,,,,,,,,,,,,,,,,,,,, today.. as the tech giant ed its newest stor >>> crowds of apple enthusiasts gathered in the heart of san francisco's main shopping district today as the tech giant opened its new store. the giant doors opened on union square. interactive features include the avenue with colorful waldis plays showing how various devices work. an outdoor genius grove provides another place for customers to get information under a canopy of trees. >>> another place that has been arguing huge crowds, the dumpling restaurant in oakland a's. it's so popular people are putting reservations up for sale. a seller on craigslist is asking 50 bucks for a table over memorial day. that might be the only way to get in. the next available reservation is mid june. if you are willing to wait a few hours, there is walk-in seating at the bar. >>> if crab is your thing, recreational crab fishing is now allowed along the entire california coast. after the state lifted its last health advisory for dungeness,. >>> things are nice and clear. sunshine at ocean beach. a bit of a contrast to

apple bucking the trend, it's been down. obviously we've seen it collapsing on itself and that's -- that was green today and the rest of the market was red. i'm still long and i got longer. so i'm a suffering man. i've been a hoper in apple. the line in the sand, 2043. that's your flat on year. that's the easy barometer. outside of that, the 200 day, 2015. 2116. s&p cash, sorry. let me clarify that. >> we've got that. >> trader's market. doing that trader speak again. thank you, folks. >> thank you. >> we've got about 15 minutes. a little bit less go to the close. the nasdaq is down 44. so it's in a way the reversal of everything we saw yesterday. >> exactly. >> the nasdaq down almost 1%. >> we'll have much more. plus billionaire head fund tighten kyle bass speaks exclusively with our david faber. they're going to speak about china and the potential impact on china's u.s. markets as well. >>> also coming up the earnings onslaught does continue. we'll break down the numbers for you as soon as they hit the tape. keep it here. you're watching cnbc, first in business worldwide. ♪ ♪ (singing) you wouldn't haul a load without checking

apple had a three-month low. rising in the premarket. you can see from the greene longest hadng streak they have since 1998. they lost $74 billion in market caps on last eight days. just staring at that apple stock going through the close. coming up, we count down to the market open. is the chiefw market strategist at abe. welcome. today, we'll talk about dollar weakness, the profit drop and paralyzing volatility. the dollaregin with slide. it continues to green back through its weakest level. it is holding the seventh day against the euro. the longest losing streak since 2013. that is pushing gold higher since yesterday. one of the most important developments has been a shift in the dollar. dollar weakness. the dollar has been the single most crowded trade. everybody said it would go higher, now it is repositioning. through the first quarter, there is a recognition. , noworld is not as robust we are seeing a windup of the crowded trade. apple could do well while negative correlated with the dollar. we have commodities, emerging markets, value stocks and risk. at

apple also revealed the plaza, it's open to the public all day long with wi-fi, a 50-foot green wall and performances. customers apreeshed this addition to union square. >> i think that that's exactly what union square needs, where something from the future. this is the future. >> the store is also powered by 100% renewable energy. >>> big matchup in baseball. a look at the oakland coliseum. the a's took on the new york yankees, and the a's may have been trying to put a hex on new york. at least a hex. before the start of the game there were plumbing issues in the visitors' dugout. several spent an hour trying to fix a backed up toilet. remember the mess. this is the kind of thing that happened before. we've seen it. it didn't phase the yankees, beating the a's 5-1. >> tough to report on that much less be there. >> it's after dinner for most. it's okay to do. >> good point. thanks. right now rob has that microclimate forecast. a few raindrops. >> we did and temperatures well below where they should be for this time of year. you can see the temperatures here hour by hour, san francisc

green. all up as you can see more than 1%, close to it. oil closing at highest level in 2016. getting back near $50 a barrel. apple stocks standing out, hitting a 3-month high. more on apple. part of that 3 1/2% gain may be due to warren buffett's beaker beaker buying one billion dollars -- berkshire hathaway. buying one billion dollars worth. buffett has been vocal not buying tech stocks. he doesn't understand the sector and tough to get a competitive advantage in. he does have two key fund managers at berkshire hathaway who he said made the apple call. apple down 27% from this time last year. nasdaq from comparison point, down 4 1/2% from last year. sources say the manager who bought it, probably thought it was a good buy. >>> speaking of tech, bill gates, founder of microsoft is on a al qaeda suggested hit list. military expert tells me how he thinks u.s. government should respond to terrorists threatening business leaders. ♪ this just got interesting. so why pause to take a pill? and why stop to find a bathroom? cialis for daily use, is the only daily tablet approved to treat erectile dysfunction so you can be

apples downsta downstairs? >> yes. >> i didn't know they were red hot candies. >> the green beans, dad grew them, he called themread is actually when we moved to arizona i founded this recipe i thought it complemented. this is the spoon bread. just spoon it out. >> this is i areal kentucky recipe with just a touch of arizona. my mom and dad both grew up in kentucky. >> so good. >> perfect comfort food. >> perfect for a day like today, a cold, dreary day. >> tell us the story about when savannah got caught shoplifting. >> no, no, my gosh. we are out of time. >> where did we hear that? >> did you say something? >> not me. >> you must have sources deep inside the guthrie family. >> i made it up. apparently i hit a button. >> savannah's face. >> it might have actually happened. that's another story for another time. the record was completely expunged. find all these recipes at today.com/food. we posted a quick video tutorial at facebook.com/today. mama, love you. >> love you, honey. >>> we want to get some birthdays now from mr. roker in florida. then we want to >>> we want to get some birthdays now from mr. roker

green on the screen earlier. health care in industrials have turned more deeply into the red. we have been watching apple in the selloff. it has been mirroring declines in the major averages. taiwan semiconductor shipments for iphone 6 s and seven, the shipments between june and december could decline as much as 70% to 80%. we are definitely seeing investors extrapolate what that means for apple and other apple suppliers as well. we're seeing a ripple effect within technology. a lot of different kinds of chipmakers are following today. if you thought yesterday's decline in retail, that that was it you're in for a rude awakening. calls in particular are tumbling by 12%. comparable sales are down 3.9%. analysts had estimated a gain. consumers are not buying apparel and there are specific issues. from a marketing spec -- perspective, it has not been doing as good a job as they wanted it to. you can see other retailers are falling. it is hard for stocks to gain traction. oil would have been helping earlier in the day because we saw some gains for oil prices. we see more supply coming back. that is putting pr

. >>> up next, a lot more on apple and of course, on this market move, every sector in the s&p greenr jcpenney exec ron johnson. will the retail wreck continue? that will be a big question this week. he's coming up in the next hour. ♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪ with usaa is awesome. homeowners insurance life insurance automobile insurance i spent 20 years active duty they still refer to me as "gunnery sergeant" when i call being a usaa member because of my service in the military to pass that on to my kids something that makes me happy my name is roger zapata and i'm a usaa member for life. usaa. we know what it means to serve. get an insurance quote and see why 92% of our members plan to stay for life. in new york state, we believe tomorrow starts today. all across the state, the economy is growing, with creative new business incentives, the lowest taxes in decades, and new infrastructure for a new generation attracting the talent and companies of tomorrow. like in rochester, with world-class botox. and in buff

green, and abundant energy. through this underground tunnel of the princeton plasma physics laboratory, up a few flight of stairs, sits something called a device. >> at until made it looks like an applet has been cored. >> reporter: that cored apple could one day lead to efficient and plentiful fusion energy. >> it would provide energy for millions of years for allman kind. >> let me just, show you this. there we go. >> reporter: friday u.s. energy secretary, toured the upgraded machine at princeton new jersey marking unveiling of the new fusion center center which cost 94 million-dollar in federal fund and five years to improve. >> upgrading it considerably to have twice the magnetic fields, twice the amount of plasma occurring and heating power and five times duration of the plasma. >> reporter: over next year, michael and his team of physics and engineers experts will shoot beams of plasma in the tea vice super heating up to 50 million degrees, five times hotter then the surface of the sun. >> thinks a physics fundamental experiment. >> reporter: previous experiments have produced 11 mega watts of power enough to power a small city but it lasted for just one second. these new expe

most of the day in the green, most of the stocks have turned red as oil began to give up is big gains. merck and caterpillar leading the way. >>> and speaking of tesla, would an apple makes sense for both companies? and both ceos? it may sound crazy, but tesla's market closing is colloid to a billion. we have a guess that says apple really niece elon musk to replace tim cook. we discuss next on "power lunch." this clean was like, pow! it added this other level of clean to it. it just kinda like wiped everything clean. my teeth are glowing. they are so white. i actually really like the two steps. everytime i use this together it felt like leaving the dentist's office. crest hd, 6x cleaning, 6x whitening. i would switch to crest hd over what i was using before. >>> sharing of tesla are lower today despite meeting earns expectation and bullish outlook. on the conference call last night elon musk talked about production of the new mowedle 3. >> would aim to produce 100 to 200,000 model 3s in the second half of next year. that's my expectation right now. >> as tesla ramps up production, does it make a more attractive takeover? he thinks apple should buy tesla and make e

green. materials, consumer staples and energy. take a look at what is at the tail end here, health care and technolo technology, of course, apple beingight. april sl just at $90 a share. breaking news now to steve liesman. >> we have more comments from esther george, the kansas city fed president who has dissented in last two meetings. she is saying the current rate level is too low for today's economy. she points out that we're at full employment. the inflation is close to the 2% target. low rates. she says can create risks. and she expects moderate growth in the economy to continue. re-entry into the workforce, those would have dropped out and are now coming back in, is that the fastest pace in more than 15 years. says the economy also is close to full employment. now we have another comment today from another voter on the fomc, eric rosengram. let me show you the esther george comment. i support a gradual adjustment of short term interest rates. i view the current level as too low for today's economic conditions. now watch what the former dove, i'm not sure what the comment is. the incoming data is consistent with labor martz and

apples any more. >> it's tuesday, may 31st. this is "great day washington." >> when the music stops -- >> you are quick. >> good morning. i'm chris leary. >> good morning. >> >> i'm daryl greenash to the stage. >> you are quick. >> i can run. i can keep up with lots of children. no, i can even keep up with him. i don't know. welcome back, daryl. good to have you back. another tuesday. >> it's travel tuesday and daryl tuesday because you join us on tuesdays every week now. >> travel tuesday, daryl tuesday. >> tuesdays go faster because you are here. >> we have a lot of cool stuff. we will be in the kitchen eating steaks. we are cooking them, too. morton steak house they have steaks and crustaceans. >> i can't see them. the kitchen is that way. i don't claws. what is it? >> i didn't get invited to that. >> you are always invited. we weren't invited either. >> look around and show up. you do not wait for an invitation. >> we had a wonderful weekend, three-day weekend. here we are. >> how was your weekend? did you grill out? >> yeah, yesterday i grilled. we balled out yesterday. we had crabs, too. crabs on saturday, sunday and then yesterday we had leftover crabs. but it was a g

green beans out. >> this is something my mom made growing up all the time. she'll show how the fried chicken is made. >> she's making something with cinnamon apples. >> we're doingdon't have enough for everybody. natalie has a check of the top stories. >> good morning. donald trump is now the likely republican nominee for president. ted cruz dropping out after losing by 16 democratic front runner hillary clinton suffered a five-point loss to her rival, bernie sanders. hallie jackson is in indianapolis with a roundup for us. hallie, good morning. >> hi, natalie. here's how the indianapolis star is describing it. a decisive victory this morning for donald trump. now being called the presumptive nominee by the head of the republican national committee, who is also calling for unity. trump asked how he would bring together the party this morning on the "today" show, here is what he told matt and savannah. >> i'm confident i can unite much of it. some of it, i don't want. there were statements made about me, that the people can go away and come back in eight years, after we serve two terms. >> trump, whose campaign is already vetting possible vice presidential picks,

green's called for the flag grant foul. crowd goes nuts. the kick seemed to give okc a boost. a 24-7 run after the shot to adams apples. thunder win. out. >>> all right. check this story. coming out of the midwest for the 100th running of the indianapolis 500. winning poll position just one year after almost dieing in a crash on the very same track. hinchcliffe almost bled to death after a piece of the car went through this leg and pelvic region during a practice run. now he's going to lead the field for the green flag starter there at indy motor speedway. awesome story. >>> from indy to andy. fantastic news to report from cnn sports family future major-leaguer beckett andrew scholes joined the world overt weekend. dad andy says that mom, beckett and big brother camden are doing great. andy said, my retirement plan just doubled its value. end quote. says lig becke says little beckett loves to be swaddled and loves watching cnn. >> good taste. and i have hardly ever seen chris cuomo laugh as hard as your euphemism for the family jewels. >> i know not of what you speak of. >> good stuff, coy. like the new collide clyde frazier, my ma