has apple peaked? one analyst has slapped the company with a sell rating, warning 2019 could be disappointing. twitter, at a political crossroads. is the social media platform worried about angering conservatives? continues tesla saga for a third week as elon musk propels the company toward a possible rebirth as a private company. he says he will not stop working at his current relentless pace. board members and investors are growing more concerned about his health and stability. area huffington has encouraged musk -- arianna huffington has encouraged musk to take time off. and teslanded, "ford are the only american car companies to avoid bankruptcy. i just got home from the factory. you think this is an option? it is not." joining us, an analyst who has a buy rating on the company. and liam. pierre, we don't talk so much about asleep -- about a ceo's sleep patterns. what do you make about his own admission that he is not sleeping or, if he is, he is sleeping at the factory? does that give you confidenc

well the i phone or really any apple product has always been more than just a laptop or a phone it is still after the day a status symbol and design is playing a big role as well apple has had the reputation of the number one visionary in the industry with a seat in jobs even more but in the past fierce competitors have caught up and offered just as advanced a product for less money and in some quarters the numbers have shown signs of slowing demand for i phones maybe not every consecutive quarter but cook is getting the company ready by focusing on services and turned them into a more important source of income but then again according to the youngest earnings consumers are just as willing as ever to purchase high priced products so maybe the psychology is still working for apple here and maybe let me quote morgan stanley analyst who said that innovation led price increases historically boost apple demands a status symbol is just as long as a symbol of status and wealth as this expensive right so i think this is just still working for apple here have. bought something else that they

this has been a long time coming i mean, apple has been close to this number for a while now.that perspective, i don't think it changes that psychology i could be wrong i'm not good on pricing psychology, but i don't think it changes the psychology of the market >> aswath, you said it was striking that apple has reached this level while distributing $300 billion in cash over recent years. couldn't you turn that around and say the way it distributed it by raising its dividend and buying back a lot of stock perhaps had a role on the way the market is valued in the company on the positive side >> i think it is being valued as a cash cow the reason why i think it's so impressive that the buyback hasn't had an overjaall impact is that the shares have dropped over the past six years. with the fewer standing, you got to make up for stock prices. others are able to deliver price appreciation of theremaining shares. >> that is how the math works, i guess. the question comes from now, does the market value the cash that apple still has in any way, except to say, just hand it to us or is

apple has become the first u.s. publicly traded company to hit a $1 trillion valuation, leaving the likes of amazon, alphabet, and microsoft in its wake, but not far behind. >> 2, 1, whoo! mark: apple's milestone is significant and a testament to the rapid growth spurred by the success of products like the iphone and ipad, as well as ceo tim cook's leadership after taking over for visionary cofounder steve jobs in 2011. >> and we are calling it iphone. mark: but let's not forget that what is now the world's most valuable company was on the brink of bankruptcy as recently as the late-1990's. that was until cofounder steve jobs returned to the fold. since then, it was one success after another. in the seven years since jobs' death, cook has steered apple to new heights, by launching new devices like the apple watch, iphone x, and airpods. he has pushed the company deeper into new services, like apple music. it is now a key revenue driver. cook and his team are not stopping there. they're keeping apple on the technologi

like the apple watch, iphone x, and airpods. he has pushed the company deeper into new services, like apple music. cook and his team are not stopping there. they're keeping apple on the technological edge, delving into self driving cars, augmented reality, and health care. cook told bloomberg in an interview, quote, "i don't really think about it. that's the truth. i still view apple as a pretty small company, the way that we operate. i know it's not numerically, but the way we function is very much like that, to be honest." to grow beyond $1 trillion, apple has to keep churning out iphones and -- and a cheaper model with many of the 10's features are on the way. a.r. could revolutionize personal computing once again, while a big online video push is coming soon to an apple screen near you. emily: here to tell us more, tech's mark gurman. in london, caroline hyde. with us in minnesota, gene munster. gee you have -- tech's mark gur. gene, you have covered this company for years. what does this actually mean? gene: i think it means that

what he has done is basically take this extraordinary product and integrate it into an amazing financial machine. apple'sistics operation, the way it integrates the chinese manufacturing operation with its design in california, he has made that tick over smoothly. he may not be the inspirational figure that steve jo bs be the inspirational figure that steve jobs was, be the inspirational figure that stevejobs was, but he has grown a whole new business in services. that leaping up and becoming a business that, on its own, would be a world leading technology business. let's talk about huawei, another big mobile company that has overtaken apple to become... there is the irony, that is the funny thing. in the very week when apple's triumph was complete, it slipped in the rankings from number two to number three. what is more important, being $1 trillion company or slipping in those rankings? obviously being able trillion dollar company. but it raises a little flag. i visited huawei when they were just getting into smartphones. they are a huge telecoms equipment company, that is what their speciality is. they

market for apple about a quarter of apple's revenue comes from the chinese market and this revenue and have been rocketing on strength off the i phone x. the kompany has just reported nine point five billion dollars and revenue that came from china fignon effectively more than last year and investors expressed concern that a recent round of proposed terrorists could impact apple's market share in china but the c.e.o. tim cook emphasized the company's position the tariff can have unintended consequences for consumers and the economy but he did not say what if any impact the new set of terrorists could have won every product i would like to remind you off the special treatment of president has granted tim cook so far when he said that the u.s. government would not levy tariffs on the i phone as pembleton china so i would say so far investors are not too worried here i think it is fair to say that apple is not in a line of fire right now. so if you. own wall street thanks ac. reports say google is vowing to beijing by creating a sense to divert ssion of the search engine of the china such as the terms like human rights or democracy or peaceful protests i

now, of course apple has a spaceship campus in coopertino. lot of people have promise forked by accumulating apple stock. one local man says the company has been a good neighbor. >> we cruised those dividends to help pay our taxes, to travel. you know, it's like we don't need to look for other investments. >> has apple made you a millionaire? >> yeah, many, many times over. like a lot of people. >> well, go ahead for him. some say there have been downsides, like skyrocketing home prices and worsening traffic. local politicians are still debating ways to get apple to may more in taxes. >>> the price tag on a new palo alto penalty house is steep. the property on forest avenue features four bathrooms, four baths, and two kitchens, spread over 3,700 acres square feet. the price tag, $3,700 a month. one councilmember said she's pushing for size limits to keep this from becoming a trend. >> we're fortunate to have a strong economy. we can not allow ourselves -- we can not allow ourselves to fall victim to market forces. >> by the way, the $35,000 pr

apple has always been unique in that respect. it is really up in the air. other faces of apple that we need to know? who could potentially be next in line? >> that is a good question. so to step back, there are three organizational rows. there is tim cook on top along with the board of directors, which he reports to. then he has a group of 10 senior vice presidents. that includes the general counsel, the head of retail, but the two people to focus on are shiller,shelf are phil head of marketing, who was important with steve jobs in returning apple to the company it is today as well as the chief operating officer. if anything were to happen, it would likely go to one of those two. below that row are dozens of vice presidents who report to those people. coo,: jeff williams, the just as tim cook was coo. talk to us about the female executives on the bench. question. a good the head of retail, she was the ceo of burberry before joining apple. she has a very high profile. some people consider her a successor to tim cook. there is kate adams, who is their new gene

waiting for, joe i want to know what happens next >> what happens next, apple continues to do what apple has done i think it's an opportunity to reflect on the last 11 years. if you go back to 2007 when the academy awards airs and the first iphone commercial was shown, the market cap was $70 million. one year ago, the market cap was nearly 200 billion it's a fantastic 11-year story off and on on the show, we talk about you have long apple, are you not long apple, pete and jon did a great job tracking it. if you have hedge fund exposure, you are apple. this is a company which has done a phenomenal job with a generational type of product and now has the balance sheet to transition into services and i don't think any expectation shall be different than what we've seen bernstein's tony sacnoti is still with us. you're the one, tony that called this the single greatest appreciation story of the past years. what is most impressive about that appreciation? >> look, i think the company has become huge and it's continued to outperform the market and that's tough to do it's easy to grow when you're re

apple has become the first u.s. publicly traded company to hit a $1 trillion valuation, leaving the likes of amazon, alphabet, and microsoft in its wake, but not far behind. >> two, one. [cheering] mark: apple's milestone is significant and a testament to the rapid growth spurred by products like the iphone and ipad, as well as ceo tim cook's leadership after taking over from visionary cofounder steve jobs in 2011. [applause] >> and we are calling it, iphone. mark: but let's not forget that what is now the world's most valuable company was on the brink of bankruptcy as recently as the late 1990's. that was until cofounder steve jobs returned to the fold. since then, it was one success after another. and in the seven years since jobs' death, cook has launched apple to new heights with new devices like the apple watch, iphone x, and the air pods. he has also pushed the company deeper into new services like apple music, which is now a key revenue driver. and cook and his team are not stopping there. they are keeping app

now, of course, apple has a spaceship campus in cupertino. ots of people have prospered by accumulating apple stock along the way. one local man who started buying shares 30 years ago says the company has been a good neighbor. >> now that they pay dividends, we use those dividends to help pay our taxes, to travel, you know, it's like we don't need to look for other investments. >> has apple made you a millionaire? >> yeah. many, many times over. like a lot of people. >> getting in on the ground floor. some say there have been down sites like skyrocketing home prices, and worsening traffic, local politicians are debating ways to get apple to pay more in taxes. >>> a famous hollywood director was in his southbay hometown today promoting his newest film. >> so your family is rich? >> we are comfortable. >> that's exactly what a super rich person would say. >> that was a clip from the film, crazy rich asians. constance wu from the show fresh off the boat -- the director has ties to the bay area. the son of immigrants, he grew up in the southbay, a

quarter in revenue and that is what is keeping investors hopes, even when the smartphone era moves on, apple hasto offer. it might not be plain sailing for the rest of apple's history, up ahead to be an emerging threat from china where cheaper device makers could leak into their bottomline and more broadly, i have been speaking to a nalysts broadly, i have been speaking to analysts and their nextjob is to simply predict the future. they may have been the king of the smartphone era, but a jury is still out on what the next big computer platform will be. whether it is wearable technology or something similar. they would need to figure that out and also try and lead the pack again if it is to continue seeing the kind of valuation it is enjoying today. also making news today, china and a bloc of southeast asian nations have agreed on a draft code of conduct over the disputed south china sea. the agreement was announced at a meeting of foreign ministers in singapore on thursday. beijing has been accused of assertively building up its military presence in the south china sea, which has some of the wor

apple has the bigger market cap hand the small cap apple is bigger than the turkey gdp. the 17th largest country in the world by gdp. apple is bigger and big her than the netherlands which is the 18th largest i'm not done $244 billion in cash they have, what does that mean? you know it's bigger than the market capitalization of 97% of the s&p 500. there is only 14 companies that have a bigger market capitalization than apple's cash horde. final i want to know they have been a buyback monsters for a long time they would have gotten there earlier had they not been buying so much stock back. last five years reduced shares outstanding every year consistently about 5%. apple's shares account is about 25% low are than five years aig. remember, folks, all other things being equal, it means that apple earnings are in fact 25% higher than they would have been under the old share count guys back to you. >> bob thank you for putting that in perspective for us bob pisani on the floor of the new york stock exchange. sticking with apple after hitting the milestone can apple continue t

apple has become the first u.s. company to hit a $1 trillion valuation, leaving the likes of amazon, alphabet, and microsoft in its wake, but not far behind. apple's milestone is significant and a testament to the rapid growth spurred by the success of its product like the iphone and ipad, as well as tim cook's leadership after taking over for the visionary cofounder of steve jobs. >> we are calling it iphone. >> but let's not forget that what is now the world's most valuable company was on the brink of bankruptcy as recently as the late 1990's. that was until the cofounder, steve jobs, returned to the fold. since then, it was one success after another. in the seven years since his death, the company was steered to new heights by launching new devices like the apple watch and iphone x. he has also pushed the company deeper into new services, like apple music. which is now a key revenue driver. and cook and his team aren't stopping there. they are keeping apple on the technological edge. delving into self serving cars

he has enormous influence in this country as well as in china where apple has an enormous contract manufacturing presence. i think it is a little bit silly to think of apple still operating like it did when it was a couple guys in a garage. lisa: isn't it every day companies saying we are live like a small company. nimble, but we can get the right size. you wrote a story about this. i thought it was really compelling. finding the less been -- less than silver lining. honey i shrunk the $1 trillion apple profit margin. what is going on with their profit margins? shira: this is not been a focus because apple continues to grow and turn out enormous profits in cash flow on absolute basis. if you look at their margins, apple now generates smaller profits per share -- i'm sorry, per dollar than it did in 2010 when it was a $200 billion company. the reason for this is apple spending -- is spending a lot more money on everything. hiring engineers, tooling, many -- manufacturing. those operating expenses are showing up in the bottom line. the way apple does not really explain, it does not say what it spe

what is important to note here is that the company has created jobs in america, and apple has talked about investing hundreds of billions of dollars over the next several years. they are also creating jobs in china. and, frankly, all over the world. apple is a good corporate citizen helping to invest, build, innovate, and stepping back, if we think about the app store and the ecosystem, they have paid out $100 billion to developers over the last decade which is globally. the fact that the company is able to build a platform upon which others are empowered to create, innovate, to build businesses, we think that should resonate hopefully with both the government officials in china and the u.s. in that apple could be part of a solution overtime -- over time here. emily: tim cook says the company is still on track to meet the goal of doubling services revenue by 2020. also talking about the iphone saying the iphone x was the most popular phone in the quarter. that seems to be clear based on the high average selling price which ishone, $724 , higher than the $699 that analysts had estimate

people are fixated not on the problems, but the ways apple has been able to extend its dominance. vonnie: if apple reaches $1 trillion, will we see amazon do it shortly thereafter question mark >> i think it is just a matter of mathematics for these companies. all of these big tech names, their profits keep growing and so their market caps will continue to grow. i think amazon is next on that list. forward, do you think apple could sustain this momentum? of cynicismd test in the market. whether you see apple really ,ustaining this sort of elation market capitalization, or whether we start to see the foot , off the pedal a little bit? i have some concerns, sorry to be a bummer in this segment. right now, apple has continued to grow revenue and profits, in part because it is charging higher prices for iphones and people are paying it. can it keep doing that? can it keep sustaining growth by charging higher prices for phones that ari cost $1000 and up? i see parallels between apple and microsoft. if you remember, steve ballmer was the person who -- maybe he was not the most innovative

mark: if samsung has any apple fan boy equivalent is the note series. are people who want the best android phone. the 512 gigabytes model will be $1249. this is not the entire market. this is their dedicated -- people who like using the new pan, the primary focus around new features were around the pen. to me what's more interesting is the spotify news. it reflects a bigger pic -- bigger picture strategy across all of their different devices. emily: how does that compare with apple who has apple music? mark: that is a good question. spotify at a low level is not going in-house. these to have one called milk. they've had a few others, they terminated all of those projects. now partnering with spotify, it is a smooth move by samsung. even spotify investors seem pretty impressed. emily: other things talked about are a revamped smart watch, a home digital speaker. you have been tweeting about the size of this speaker, 1.5 times of the home todd which is already quite large. >> is a revamped version of the smart watch strategy they have already had. i don't

emily: and how does that, mark, compare with apple, which of course has apple music?eah, that is a good question. spotify, at a low level, is not going very much in-house and not building up this streaming music service themselves. they used to have one called "milk." i think they have had a few others over the years and they have terminated their projects. now partnering with spotify, which still has the best brand recognition for any streaming music service it is a smooth , move by samsung. and even spotify investors seem pretty impressed by it. the spotify stock is up 7% this morning. emily: other announcements or revamps, smart watch, a home digital speaker. mark, you have been tweeting about this speaker, one and a half times the home pod which is already quite large. what is your take on these other products? mark: i mean, the galaxy watch is a revamped version of the smart watch strategy they have already had the past few years. i do not think it will move the needle. the market has truly become saturated at the $300 to $800 price point with the apple watch. i

this is your business i'm going out of as welcome apple has become the first company to reach a one trillion dollar market capitalization a historic feat apple's value is likely to slip in and out of trillion territory in the next days but it's bumpus second quarter results on thursday increased in montana to help to breach that bet. the share price hit two hundred seven dollars and all of a sudden apple was worth a trillion dollars the company made its market debut in one thousand nine hundred eighty with a share price of thirty nine cents if you bought ten thousand dollars worth of shares back then your investment would now be worth six point four million apple's clearly come a long way in one nine hundred ninety seven the company found itself on the brink of collapse when the macintosh wasn't selling consumer seemingly unwilling to pay more for it than its microsoft alternative. but with the introduction of the i pod and the i phone things began to look up again the devices the design winning apple a cult following after the death of founder steve jobs tim cook took over at the helm under

revenue and that is what's giving investors hope that, even once the smartphone era does moves on, apple still hasor the rest of apple's history, up ahead could be an emerging threat from china, where cheaper device makers could eat into their bottom line. and also more broadly, i've been speaking to analysts here and they say apple's nextjob is to simply predict the future. they may have been the king of the smartphone era, with the iphone, but the jury is still out on what the next big computing platform may be. whether it's wearable technologies, artificial intelligence or something similar. apple wil need to both figure that out and also try to lead the pack again if it is to continue seeing the kind of valuation it's enjoying today. earlier i spoke with silicon valley based journalist, alison van diggelen. i began by asking how much of the credit goes to tim cook. i think stevejobs has left big shoes for tim cook to fill, and i think today's news shows that tim cook is filling them very efficiently, very admirably. he's very good on execution. what is it that he's executing then? i think he h

has also managed to divert the products it offers. cloud services, music streaming and others. it is giving investors hope that what the smartphone era moves on, appleit right not the plain sailing for the rest of apple history, up ahead and emerging threat from china were cheaper device makers could eat into their bottom line. more broadly, analysts here say apple's nextjob is to predict the future. they may have been at the king of the smartphone era but thejury been at the king of the smartphone era but the jury is still out as to what the next competing platform may be. whether it is a wearable technology, artificial intelligence oi’ technology, artificial intelligence or something similar. apple need to figure that out and tried to leave the pack again if it is continue to see the kind of narration it is seeing today. —— numeration. you're watching newsday on the bbc. still to come on the programme: after that summit, it is now the chance for regional powers to meet this weekend in singapore. the question was whether we want to save our people, and japanese as well, and win the war and taking a chance to win the war by killing our young men. th

get has been anticipation about whether amazon would beat apple.nsider, for in inflation, there have possibly been other companies that have gotten over the mark in the us before. the story here is about that investor confidence and the fun story to follow and today because we are closer closer to it, the networks get closer showing it get over, but the impact for consumers, fairly minimal. now picture this. google's search engine available in china but with a filter that will censor results to meet demands from the government. it has been the talk of the industry, quite surprising for a company that has this on its website as its code of conduct. it says... now, if google were to get the green light to operate in china within the mainland censorship rules, what would it mean for google's brand value and its revenue stream? last year they made over will $195 billion in advertising revenue but it is said the company is caving in to demand. i think it is something that it will have to manage very carefully. the upside to the brand in terms of the mar

revenue and that is what's giving investors hope that, even once the smartphone era does moves on, apple still hasmething else to offer. it might not be plain sailing for the rest of apple's history, up ahead could be an emerging threat from china, where cheaper device makers could eat into their bottom line. and also more broadly, i've been speaking to analysts here and they say apple's nextjob is to simply predict the future. they may have been the king of the smartphone era, with the iphone, but the jury is still out on what the next big computing platform may be. whether it's wearable technologies, artificial intelligence or something similar. apple wil need to both figure that out and also try to lead the pack again if it is to continue seeing the kind of valuation it's enjoying today. british airways parent company international airlines group will have results out in the next few hours and there are a number of issues that could weigh on profits. the rising cost of fuel has had a dampening effect on most airlines' profits in the last few months — and the owner of ba, aer lingus, iberia and

the market has truly become saturated with the apple watch.re where samsung is going to fit in. on the other hand, the home speaker is also coming in extraordinarily late. the amazon echo came out 3, 4 years ago, announced in 2014. almost five years ago now. the home pod was late as well. coming out in february. but amazon and google have a handle on that market, so i am not really sure what percentage of the market samsung is going to be able to grab with this device, especially with such few details they are providing on this. i would not be surprised if it is not released until the end of this year or 2019. so, they are extraordinarily late to the game with the home speaker and it does not appear they are bringing any new innovative functionality to the table that would inspire anyone to buy one of these. emily: bob, is it too late for samsung and apple in smart speakers? bob: well, it is going to be very challenging. you have a strong position for both amazon and google. look, the one thing i will say across the board for the different gal

apple has made such a big deal about being safer for our privacy than other companies who harvest ourfor advertising. apple does not have the advertising scale of a facebook or google, but they have data relationships with other entities on their app store. data to thoseof app developers and there are not a lot of rules about how developers can use that data. mentioned the public positioning by the ceos of facebook versus apple. mark zuckerberg testified for 10 hours on capitol hill. almost simultaneously, tim cook is viewed as a hero by some of those same lawmakers. what is the discrepancy in the public perception? rah: apple has told everyone, we believe privacy is a human right and we will do everything to make sure that you have privacy when we are using our products. we don't make money off your data, but the company does make money off your data through developer relationships. when tim cook is talking about how he is not in the same zuckerberg, zuckerberg is testifying about data problems. those data problems are with developers. this saw that came out of a came out of aaga dev

and apple has become the first company

apple has become the first publicly—listed us company to be valued at $1 trillion. ed its first ipod, the company had a market value of $6 billion. but thanks to the successful iphone the company has now overtaken its silicon valley rivals, such as amazon and microsoft. dr stephanie hare is an independent analyst. shejoins me now. stephanie, what do you make of the $1 trillion mark? it's pretty symbolic, isn't it, in telling us the way apple has gone over the past 42 years from its inception to that? one of the things that's very clear is apple's revenues are still largely driven by the sale of iphones, something like 61% of sales. in some ways it's the same old story, but one thing i would like to point out that i things really interesting is china now accounts for 18% of apple's revenues —— think‘s. china is really important for apple in terms of its sales and it's really important for its supply chain, and this means is benighted states and china have a real trade war, if we watch us president donald trump proceed with that, apple is really in the crossfire is. lo

. >> one, talk fake news apple has gotten it right. look at apple news they have a very wide group of contributors to apple news, but it is apple editors saying you are a news organization of appropriate diligence, fact based. we want you in our news app. we are making a choice, are taking responsibility for that c other platforms say who are we to judge there's now controversy that there's censorship of conservative views, companies are koicoiling in horror at tha. we need to draw a distinction between taking stuff not fact based, pure make stuff up that happens to be conservative views and banning that from platforms, saying no, here are journalism companies that are fact based and diligent but have a conservative point of view they have to make these decisions. i would say apple has gotten this right they set a high bar. >> i want to hear your thoughts on this, but it feels like it is a broader, bigger animal over at facebook when it comes to misinformation, and that they're sort of trying to do what henry is talking about it is a pe

i've been physical and let's do business and use justin apple has become the first us company to top one trillion dollars in market value the record crowns a decade rise fueled by its i phone it transformed the tech firm from a niche player in personal computers into a global powerhouse expanding into tame and and communications started in the gallery of co-founder steve jobs in one hundred seventy six apple has changed how we communicate with each other and how businesses conduct day becomes. their reports google is bowing to beijing by creating a censored version of the search engine for china searches for terms like human rights democracy or peaceful protests in china would have to be censored for google to get the go ahead for the video plans would represent an about face from the u.s. tech giants previous trying to policy in two thousand and ten the company pulled out of the market to avoid the strict guidelines from beijing chinese state media has denied the reports and google is yet to comment on the. let's talk about the reports with trace loka from his website motherboard ge

apple has generally succeeded everywhere that it has tried. exception of the watches. i know neil cavuto loves his apple watch. even there, there are people who love the products. money is important and today it is about that trillion dollar mark. i don't know if it will sustain this. $207.84. if it's $207.04 it's above a trillion. we want analysis not only what's happening with apple but the markets and the economy with billionaire investor ken fisher who is a longtime friend of mine, and ken, great to see you, thank you for hanging in. we allotted all this time, now we only have four minutes. i want to ask you about the general economy. people are concerned about what's happening with the trade discussions. i know you're a free trader as well as i am. we don't like it when we're taken advantage of, or what we have seen so far in terms of the threats and the actual tariffs we implemented and the countertariffs, are they a threat to our economy or our markets? >> the tariffs are actually super bullish in a way that nobody seems to understand.

this beautiful place, and imagine what became of them after just an idea. >> the success has not just been appleslone. ron started buying stock 30 years ago. to him, the company has been a good neighbor. >> we use the dividends to help pay taxes, travel, it is like we don't need to look for other investments. >>> has apple made you a millionaire? >> yes. many times over. >>> like a lot of people. >>> apple neighbors are not as happy. all the people who live near the new apple park have seen their homes skyrocket, living here has its downsides. years of construction traffic, now tourist and goober traffic, have taken a, -- toll on cupertino's quality of life. >> a lot of folks are living because of the increased traffic or they are being priced out. more and more, people are finding the city unlivable. but i think we are it wonderful are -- city still >> the head tax was defeated in city council this week. they're talking about a hyper loop transit system which way -- they hope apple will help pay for. kpix five. >>> a day before the memorial service, the community is endeavoring to demait just as

services and products and they pay their fair share of taxes and the you has long been cracking down on google on. amazon and appletrying to get them to pay their taxes now it looks like germany has found a back door to sneak that in. because in but in frankfurt thank you. now what if you could buy fine art in a supermarket or something that's meant to be timeless in a place filled with consumables that's what british art is lucy starwood temps with the new show in los angeles sparrow march is a comment on the age old theme in the world of the relationship between not and the business about welcome to sparrow mart the fruit isn't so crisp year but the soft drinks or well especially soft. everything is handmade with felt in lucy sparrow's exhibition that opens today it's a playful commentary on consumer culture and the disposable nature of our everyday lives instead of scale ability and efficiency spero mart is about individuality and painstaking work there are more than thirty one thousand grocery items here each with a little soul as pharaoh says she's exploring art as a commodity it's not a consumer product ever