patrick pruniaux, a executive from luxury watch maker tag heuer is cupertino bound.hould investors gear up to buy the shares? we're bringing in colleen taylor, tech reporter. good to see you both. lance, this move by hiring the representative from tag heuer tells you what about the iwatch? >> apple is trying to build in as much wearable and design expertise as possible in the run-up to delivery of the iwatch. and if it's already in production or very close to production, and this guy i know his expertise is in retail, this is about how to sell these things sort of as a fashion accessory, because it's not just technology, it's stuff you're wearing. >> and colleen, the iwatch at this point sounds like it's a foregone conclusion. analysts are already including it in their models. what, though, if this watch were swiss produced? is anybody seriously talking about that possibility? >> if this watch were what? i'm sorry, i missed the question. >> swiss produced, if it were made in switzerland instead of china? >> that could make a big difference. we know that watches are a

apple has poached a senior executive from tag heuer. according to multiple reports, they hired patrick pruniaux, the former vice president of sales at tag heuer. he joins angela ahrendts who started as apple's new head of retail and online sales back in may. the hiring could help with the launch of its widely expected smart watch later this year and apple could compete in the growing wearable tech sector with samsung. earlier, i spoke with the chief research officer who covers apple for bloomberg news. i started asking by adam what exactly apple is doing. >> apple hired this guy who was a senior sales executive from tag to come over and help with their sales effort. adding to the speculation that this watch will be coming out later this year. in addition to being a technology gadget, a watch is a very fashionable piece. adding this sort of experience gives them the sort of -- another person to help them entice customers to see it as a fashion item. >> if the watch is indeed coming this fall, why just hire this new person now? >> i think

has hired a switch watch executive to help with the launch of the new i-watch, the luxurymaker, tag heuer left his post recently as last week to take a contract with apple and the cupertino tech giant is rumored to be releasing the i-watch later this year. apple has tried to approach several employees from high-end watchmakers without much success. this time they've succeeded and apple has yet to comment on the move. >>> the big surprise at the annual hot dog eating contest. >> we'll be back in a moment. >> demands for a federal investigation tonight, a response to cell phone video of a chp officer beating a woman on the side of the freeway. a los angeles driver posted this video online wednesday which shows an officer grabbing and then punching, as you can see, this woman who walked on an onramp up the santa monica freeway. she was barefoot and carrying several bags and it's speculated she could be homeless. southern california human rights activists today demanded an immediate federal investigation and we just heard chp regarding the assault and hear what they're saying about this video

. >> apple hiring away from tag heuer. >> and higher in the premarket once again as options on the companyhares kick off trading today. first up, wall street hoping for more stock market history this week after the dow hit 17,000 on thursday for first time ever. as for the s&p, now within 15 points of 2,000. earlier on worldwide exchange, nobel prize winning economist stiglitz doesn't believe it signifies an upbeat trend. >> the very strong stock market prices are in a sense a symptom of the weak economy, not a symptom that we're about to have a strong recovery to our real economy. >> sounding an awful lot like what the bis said last week and we're vulnerable to a 10 to 12% correction and morgan stanley get more neutral on risk even though he was bullish at the beginning of the year. people get a little edgy. >> this coming after a jobs number far better than anticipated now averaging 231,000 over the last six months, significant gains, 6.1% is where we are in unemployment rate. and a lot of talk of course, we reference the 10-year yield at the top of the show. that perhaps the fed will ne

titus heuer recognized for five minutes. >> thank you mr. chairman. i think we all agree there are serious problems at the va but i was very glad to hear you answer mr. takano's question mend it, not ended and i appreciate the chairman saying we are not out to do away with the va but i especially appreciate a very articulate statement that you made mr. blake expressing some concerns that i share with you about this push to privatize. now i can't help but believe that this is part of an agenda by some, not by all but just to kind of dismantle the federal government and leave citizens in this case veterans out on their own in the so-called private sector. if you look at what happened here with the push to private care maybe this is a short-term fix as one of you mentioned that specifically some of the concerns i have about that are things that we need to address before we go pell-mell down this direction. one of them is just as you raised, there are concerns that doctors and hospitals as they admitted themselves don't have the culture of the va. they do

. >> apple has hired a senior executive from swiss watchmaker tag heuer ahead of an anticipated fallatch. tag's former vice president of sales is the latest in a series of executive hires from apple from the luxury good sectors. a lot of questions about what that watch will look like. what it also means to swiss watches. the los angeles clippers, former microsoft ceo steve ballmer is now at stake again in a court case that begins today. a trial will determine whether shelly sterling, the estranged wife -- we don't know if he's estranged, wife, maybe estranged wife of clippers owner donald sterling had the authority or not to negotiate that sale. the deal was struck after the nba moved to oust donald sterling. and then former news of the world editor andy colson has gone an 18-month jail sentence that follows his conviction on phone hacking charges. british prime minister david cameron has apologized for having hired him as his media chief. >> probably sad to said the strange wife of sterling -- >> strange. >> if we don't know estranged. i think you can get by with strange. we can ass