tom: this goes to the heart of howard ward's analysis. what is itunes worth. have you adjusted that recently? howard: no. as it is still a relatively small part and growing rapidly. it will be more important in five or 10 years. tom: five or 10 years is where the investment thought it should be. is apple a value play because of that service sector growth? howard: this has been a great stock. it is my biggest holding. tom: what percent of your portfolio? howard: 6.3%. tom: are you going to hold it back like amazon? howard: this is a stock that has gone from the low 100s in the last year. this is because of the excitement surrounding the 10th anniversary phone coming out later this year. that has been the focus of wall street's attention, and perhaps appropriately so. good,rvices business is double-digit grower, but it is less than 20% of the total but it will result in rebating the total. this is a company that is selling at 10 times earnings, up to 15 times earnings now. maybe we can push that higher. tom: absolutely fascinating, this disc

howard ward was brilliant. will join us during the 6:00 hour tomorrow and i promise i will get him to give you some stock tips. this is bloomberg. ♪ . tom: good morning. new york city, a shot of washington but they are so shaken up we will not give you washington's shots. they are ugly, turmoil. we have the yelling testimony at 10:00 and michael mckee. and we have all of the uproar over mr. trump jr.. kevin cirilli will join us. really looking forward to speaking to libby cantrill of pimco and we will do that about the linkage of policy or disappearance of a policy debate and health-care front and center. it is like me,, they will eliminate some vacation days. it is a miracle in washington. they will shorten at their recess. is that where francine is? she is on recess? mark: on vacation, i think. tom: news with taylor riggs. taylor: we will start here. jr. is saying his meeting with the kremlin connected lawyer is the extent of his former connections with the soviets. speaking on fox news, he said he probably h