this guy bought two iphones expecting a reward.his credit card company says iphone 5 is no longer eligible forlzz4p reward. well, that isn't seem right to the consumer so i stepped in to help view a message so press one. >> sean cooper left his iphone 5 read message as loud. it plays music and takes pictures. >> last one two years. and so... you know... the new technology is always a draw. >> sean reorderered two iphones one for himself, one for his dad, but at $360, they weren't cheap. so sean decided to use his discover card to get a 5% bonus, and take a sting out of the price. >> they double checked the determines to4u% make sure that it was included. >> sean went to the shop discover web site listing retailers and offers of cash back rewards. he says he checked apple store section finding offers for several products including iphone and mac book autos it said iphone was okay and you could order twoup to. i went through the web site. >> however, the bonus never showed up in his account. when sean asked discover about it, the com

and china did 2 million iphone 5s. europe is week.ith demands elsewhere looking healthy, some numbers at least seem to be going apple's way. the question is whether samsung and amazon are meaningfully zapping the apple products. >> all right, jan. thanks so much. >> we've got both sides of that debate right now. the iphone 5's big debut in china is further proof that apple's fundamentals are solid one says. but stewart jeffrey is not sold. he says rivals like google's android are catching up. we were just talking there. jon pointing out the other competition out there. stock down 25% in the last three months. you remain bullish though. why? >> i do. i think a lot of the selling has to do with capital gains taxes. i think it was from the 700 level. and then you had another wave of it with long-term capital gains taxes. fears of that after the election we think caused an issue. we think that's why the stock is down. we still think it's quite solid. >> what about the competitive environment? stewart, that's one you've been looking at. at

more than 50 million iphones are projected to sell this holiday season alone. many to teens just like greg. teen behavior expert says a set of rules is a must for teen iphone use. >> you wouldn't give your kid a car without insurance and so, giving them a cell phone or a computer without teaching them how to use it responsibly is irresponsible on the part of the parent. >> reporter: among the 18 conditions, number 7. >> do not involve yourself in conversations that are hurtful to others. >> reporter: and number 12 a lesson some celebrities could use this year. take note rihanna. >> don't send or receive pictures your private parts or anyone else. >> reporter: she iser inous about -- she is -- he is nervous about rule number 6 that he is responsible for replacement cost a legitimate concern since this's 1600 apple gadgets stoleen in new york and if he does lose his phone. >> hopefully, i will just make up a good excuse or. >> reporter: there are valuable lessons here for adults, too. >> keep your eyes up see the world stare at window take a walk talk to a strang

>> citi is talking about supply chain cuts for the iphone. but we also know that apple increased production 45% to 50% and as the yields get easier, as it gets easier to get this stuff i think it's interesting. we could see some cuts. just because they increased production from october to december. so this might be semantics. at the end of the day, we sold it about 584, so i think it's a trading range stock. i've said it. i think the low 500 is very interesting particularly given the china news, given the 50 new countries that they're in. i just don't see this getting resolved until you get to january 22nd which is when the company reports earnings and we get a better read on gross margins, on products yields and all of this noise. >> glen young is the analyst who cut the stock today, slashed its price target. glen, welcome back to "halftime" >> thanks. >> help us understand how three weeks ago you came on the show, initiated coverage with a buy. you've seen enough in that period of time to change to a neutral. what happened? >> remember when

i'm just stunned, max, that i get fake iphones, but you have fake iphone stores as well?ow does that happen? >> the whole constellation of apple approximate, the pads, ipads, ipods, is subject to this. and as many american companies including starbucks, iconic american brands, face nasty piracy which gets an official blind eye and sometimes get a rap on the knuckles but this is a major issue with billions of dollars and thousands of jobs at stake. apple is not the only one, but they have certainly suffered here and the status symbol that goes with the brand ownership makes this a little worthwhile in the kind of upside down thinking of the piracy system which is fairly well articulated in china. >> and what impact do you think this does have on sales when you have this kind of piracy ahead of the official launch of a product like the iphone? >> it's certainly going to depress the sales of apple products, just as it now -- just as it's greatly depressed the sales of microsoft products. just to cite one very prominent example. microsoft systems, especially for pcs, are mass

the iphone 5 starting today, the entry level iphone 5 down to $127. normally, at most outlets, $199. the new ipad, the fourth generation ipad, starting monday is going to be at $399, plus they'll throw in a $30 itunes gift card. i've been trying to make calls to figure out what the nature is of this promotion. what i gathered is this isn't something apple is pushing at all which probably means walmart is using this as a loss leader. given the china news, you might be tempted to interpret this purely as a negative. but to me, it also sounds like it's something about supply. walmart feels like they've got enough of these new generation ipads and iphone 5s that they can offer these discounts and get people into stores. they're saying on the ipad, this starts on monday and they're suggesting it will run through the end of the year. i don't know if they'll have enough supply for that to continue. i guess we'll see. definitely an interesting development. >> john, is this more of a walmart story than an apple story? when we see the discounts, isn't walmart f

if you got your kid an iphone for christmas -- i did, my stepdaughter is 13 -- got an iphone. a lot of parents are worried that he or she might abuse it. a mom who may have the ultimate solution. she made her son sign an 18-point contract that includes everything from hand the phone over to your parents at 7:30 every night to no porn to mom always knows the password. >> a lot of parents are taking note this morning. it's going viral. we'll tell you about the rest of this creative contract in a few minutes. >>> speaking of smartphones, we've all heard of the insanely addictive game angry birds. there is a real-life version playing out in the florida everglades. the mischief that vultures are making coming up. >> i don't want to make those birds angry. >>> we do want to get right to the big digout from the second snowstorm in days. putting a hamper on a lot of miles an hours' americans' travel plans. ginger zee has the latest on what we can expect. ginger? >> more than 500 flights were delayed. new storm, and look at this, a trace to 2 inches for new york and boston. but just 80

have your teen sign a contract with how to behave with that shiny new iphone.t was the idea of a blogger and a mom who just bought her son a new iphone for christmas. could she be on to something in the new age of so-called iparenting? abc's akiko fujita is here with the story. i like what she's doing, this mom. >> this is a story that a lot of teens can relate to. parents with a very long list of rules. a teenager had been begging his mom for an iphone all year without much success. so he was pleasantly surprised to find one all wrapped up on christmas day. that is until he found the very personal, very detailed contract that came with it, not from the phone company, no, this one was written by his mom. >> number one, it is my phone, i bought it, i pay for it. no porn. i will always know the password. >> reporter: it's not exactly the christmas list you'd expect as a 13-year-old. >> hand the phone in to one of your parents at approximately 7:30 p.m. >> reporter: an 18-point contract littered with dos and don'ts. >> don't take a zillion pictures and videos. >>

. >>> if you got your kid an iphone for christmas, i did, my stepdaughter is 13. some are worried they might abuse it. a mom who may have the ultimate solution. she made her son sign an 18-point contract from handing the phone over at approximately 7:30 every night to no porn to mom always knows the passionword. >> a lot of parents are taking note. it's going viral. the rest of this creative contract in a few minutes. >>> speaking of smartphones the insanely addictive game angry birds. there is a real-life version playing out in the florida ev everglades. the mischief vultures are making. >> don't want to make them angry. >>> right to the big digout in the second snowstorm to days. ginger zee has the latest on what we can expect. >> more than 500 flights were delayed. that's just yesterday with this new storm and look at this, a trace to two inches for new york and boston. 80 miles away in connecticut, more than a foot of snow in milford mass, even though it's done. the issues, they're not. overnight up to a foot of snow fell again. holiday snow round two came dow

is it the iphone? >> i don't know, brian. i think that's -- >> the most honest answer i have heard in a long time, my friend. thank you. >> theory is floetding arou inf around out there. it's driving the stock down to any hint of good news drove the stock up earlier this year. interesting note i want to share from gene munser about the issue in china. lack of lines for the iphone 5 which launched there. he's bullish on the stock. he has a very high price target on it, but he gives some reasons why perhaps we shouldn't read too much into the lack of lines over there. one reason is that it's selling in twice as many locations as the 4s was. another reason, preorders were particularly high compared to the 4s. 300,000 versus 200,000 for the 4s. apple has a reservation system for the 5 that wasn't in place before. that could act to diminish people's, you know, need to wait online. i also point out and muenster didn't say this, we've seen some activity in the u.s. suggesting that people were buying iphone 5's intending to ship them

and then now here she is eating the iphone case and really eating the iphone case.here she is eating it under her desk with some kind of party hat on. it's a great idea. but you have to admit it's refreshing to hear about a strange japanese product that has nothing do with a weird sexual fetish, isn't it? one more thing, back on the topic of national unfriend day we got a lot of videos and tweets, people tweeted all weekend to let me know how many they unfriended, some unfriended hundreds of people. some deleted their facebook account altogether which means they unfriended themselves. that is the ultimate unfriend. i like that. but now you whittled down the number of so-called friends on facebook, your new challenge is to make friends outside of facebook. human friends. so tonight to help with you that, we put together an instructional video i hope you will find instructive. >> national unfriend day presents how to make a friend in the real world. now that you have unfriended most of your false computer friends, here are a few neat tricks to friending a friend in th

"make it a big iphone" brett writes make a tv in which the sound does not go up for commercials and i'll be the first is a-to-say google will copy apple if they are successful, samit bhatt. now we have scott wapner and "fast money." >>> welcome to "the halftime show." four hours to go until the close. green arrows across the board. 13,041 the dow jones industrial average, all of the major averages in the green. here's what we're following on "halftime" target practice with its prediction for 2012 now within reach, jpmorgan's tom lee on the market's next move. net gain, netflix shares up again as the company rides the halo of its disney deal. where is the next stop? one stock, two opinions in a halftime debate. first our top story the sudden sell-off in shares of apple, after posting its worst trading day in four years, the stock is rebounding but has still lost more than $35 billion in market cap over the past few days. jon fortt is in silicon valley with the latest, the worst performance of three days since 2008. what is the buzz in the valley? >> we've heard multiple theories why the s

it's a problem hundreds of iphone 5 owners are running into.bs 5 consumerwatch reporter julie watts with one woman's story and how hard it's been for her and her fight with sprint. >> cannot open, server not responder. >> reporter: it's a message vicki gets almost every time of see this tries to access the internet on the sprint iphone 5. >> you have four full bars of 3- g connectivity but you can't catch data or upload a photo. >> reporter: there are more than 400 posts and over 60,000 views to this thread on sprint's website. iphone 5 data not working. like many, vicki first assumed it was her iphone so she went to the apple store which twice replaced it. but when her 3-g still wouldn't work? >> i started calling sprint. basically inferred i was making it up. or that it was an apple problem. >> reporter: she got the runaround for weeks and like many posts online she says with each call to sprint, she got a different answer until a sprint engineer finally gave her one that made sense. >> this is the known issue in about a dozen cities like chi

>> this iphone, as a matter of fact, the engine in here is made in america.nly are the engines in here made in america, but engines are made in america and are exported. the glass on this phone is made in kentucky. so we've been working for years on doing more and more in the united states. next year, we will do one of our mac lines in the united states. >> let's say our constitution was a little different and barack obama called you in tomorrow and said, get everybody out of china and do whatever you have to do, make these, make everything you make in the united states. what would that do to the price of this device? >> honestly, it's not so much about price. it's about the skills, et cetera. over time, there are skills that are associated with manufacturing that have left the view out. >> cook says apple has already created more than 600,000 jobs here in the u.s., that includes everything from research and development to retail to a solar power farm. he also points to the app industry, another one of those that didn't exist before apple came along. all thos

the iphone still looks to be the smartphone of choice. but other evidence tells a different story, namely that samsung's galaxy s3 is making major inroads. cnet editors have just released their annual lineup of this year's best tech products. you guessed it-- the samsung phone with its big screen took the top spot. >> for a long time, the iphone was really the principle flagship smartphone out there. android phones were catching up very quickly. but this year, we finally have one or two models, especially that samsung galaxy s3, that are just as good if not better to some people. >> reporter: consumers also like motorola's droid razor maxx and lg's optimus phones. but some reviewers say apple did it to itself, annoying users with its proprietary connector, problematic map software, and the iphone's somewhat petite screen. and it's not just the iphone that's losing some of its sweetness with users. in the tablet arena, apple has new competition from google's nexus seven-inch and ten-inch tablets. consumer reports says google's ten-inch is

now that too will released bill will maps for the iphone. the original maps and the iphone.mpleting an. gerri: your okay. >> i'm okay. gerri: thank you for coming on. appreciate your time. have a great new year's. gerri: youtube. we'll be right back. ♪ - ♪ what's wrong with the world, mama ♪ ♪ people livin' like they ain't got no mamas ♪ ♪ i think the whole world's addicted to the drama ♪ ♪ only attracted to the things that'll bring the trauma ♪ ♪ yeah, madness is what you demonstrate ♪ ♪ and that's exactly how anger works and operates ♪ ♪ man, you gotta have love just to set it straight ♪ ♪ take control of your mind and meditate ♪ ♪ let your soul gravitate to the love, y'all, y'all ♪ ♪ children hurt and you hear them cryin' ♪ ♪ can you practice what you preach ♪ ♪ wou you turn the other cheek ♪ - ma'am. - [gasps] - you forgot your purse. - oh. you don't know how worried i was. thank you. thank you very much. - hey. nice move, kid. doughnut? - a message from the foundation for a better life. mortgage. married. two great kids. he wants to protect his family with a $500,000 te

and is that a threat to the iphone and the coolness of the iphone? we're still getting the buzz. >> are we? 3 c1 you have to turn it off. >> i'm sorry. there you go, okay, so, i do think between these two devices, windows phone is bigger threat not only to the iphone, but to android because there's more partner involved and doing more with the software. one feature we like in windows phone 8 is a feature kids corner. when you hand your phone to the kids, press power button swipe to the right and only apps you approved for nem on the screen. and another feature, rooms, all members of the family can share messages and photos. what's interesting to me is that microsoft didn't make these features available on windows 8 itself. and when i asked that question they said we're working on it, release schedules were not together, but little things like that tells me that microsoft's division needs to be working more closely together. nos dialogs must be broken down. stuart: full disclosure, i own stock in microsoft. everybody knows it i'm not grinding an ax, y

it began on the conversation of iphone five constraints. you wanted to order an iphone 5 online. it took you 2 to 4 weeks. now, you order an iphone and this was pointed out to me. you get it in three business days. those constraints aren't there anymore. >> they need to sell 50 million iphones to please people on the street. are they going do that? i'm talking about for a quarter. >> my money says they will. >> i want you to listen to a sound bike. tim cook speaking to brian williams. a lot of people saying they need another product category to take this stock to the next level. let's listen to tim cook and react to it. >> it's a market that we see it's a market that has been left behind. wh what's he talking about? apple tv. >> they do need another product. it's improvements on the exists product, hasn't moved the needle in terms of my technology. not only is the iphone available now. that's a double-edged sword. is it available because they overproduced or because the components are, you know, more available? i've had many. i was able to walk in to a store two weeks after it wa

yours still isn't working. >> this is an apple and iphone 5.address there in new york city. you see that red dot? that's my home address. right in the middle of central park. >> you don't live in central park. >> fortunately i don't live in the middle of central park. it's about 30 blocks off. it's never functioned properly. the question is why? is the google map really that much better? if you have an android phone with a google map system it worked really great. had you great mapping. now, with the apple iphone and the new google app. you get the same mapping. you get great mapping. investors and people who use iphones are loving the new google application. it's the number one download from the apple i store. and of the thousands upon thousands of people who have downloaded the application between last night and today 90% have given it a 5-star rating. apple has just scored a victory. they now have an equally good map as their competitor phone on android system. >> harris: you said we should smell something here? >> that's the conspiracy. a l

application with the iphone.e past three months iphone users have been stuck with apple maps which have been widely ridiculed. >> kron 4 tech reporter gave a slate shows us the new google maps. >> this is a must for any iphone user. what is interesting is this new version of google maps for iphone is way better than the old one. it has a lot of new features. i will show you that in a minute. first this whole apple map debacle is interesting. apple rarely makes mistakes. let us do a recap. >> when apple unveiled idle as six operating system for the iphone they shocked the public sent there were mapping themselves. this will replace google maps that were normally automatically the stinstalled their devices. there were problems. >> roadways would appear to be melted. entire cities and towns were missing from the mapping program. >> apple maps was ridd ridiculed. >> ceo to apologize and fire the league executive. >> just as things were coming down for apple maps australia went public telling their citizens not to use

t mobile will begin selling apple's iphone next year. it will become the last of the four largest carriers to offer the best selling device. analysts say adding the iphone may help t mobile lure more customers to long-term contracts and hold on to more subscribers. people are still loving the iphone, even with the dom nance of the samsung galaxy starting to take over. >> except mike. >> and derek, hello. >> who's learning. >> they're all good. >> somebody will have it under their tree i'm sure. >>> two months after montgomery county repaired a pothole riddled street, a utility company announced plans to dig it up again. >> don't you hate that? 9news returns in two minutes with more on that story. plus, your weather first. >>> good morning. welcome back to 9news now. it is 4:44 on friday. now it's a yellow alert day which means what? >> well, we have the yellow alert because that moisture is moving on in. it could affect the commute this morning for folks who are heading out a little bit later. right now, though, we're looking pretty good

many iphone users have been avoiding the latest iphone software upgrade in order to keep the original google maps app. the new dewlap at stinks'. it is not nearly as good as the original app >> i am lost. >> gone are those days. >> of hong repossess and injured a nine month high in november even as the number of homes started on the path to foreclosure declined to the lowest level in six years. reality checks and bags completed foreclosure over 59,000 homes last month. that's an increase 11% from october and up from 5 percent november last year. the number of homes entering foreclosure process is oakland for closers starts sank to about 77,500. that's the lowest number of foreclosures since december 2006. we will be back in a few minutes. i am on the good news, all lanes open no major delays against the bridge. the bay bridge is a different story. we have a full weight at the toll plaza, of cash lanes as well as the fasttrack lanes are backed up. it extends into the 880 over crossing but not quite stretching into the oakland maze. it is of extra time out of oakland as you work your wa

to be able to meet analyst estimates of 45 million iphones to be sold this quarter. i think we can also see upside from the number of ipad minies that are sold this quarter. we'll have to keep an eye on what margins look like from those. but i think that the quarter could be good but we're not going to get that until the end of january. >> i have to ask you about apple shares here. you mentioned thesu& just in thegx6a and the sentiment on the stock really is negative which usually means it's time to get in. and longer-term the fundamentals are there. yes, there's no catalyst nearterm but next year we will have a new iteration iphone 5 which could come in june or july which is earlier than we've seen in the past. it usually comes in september. the itv should be out for next holiday season. this is a consumer crowd pleaser. i think one has more upside in the future for sure. >> just 30 seconds left but i have to ask you about analyst sentiment. today investment bank jeffries cut its target price from 900 to 800. do you think more will come on to that bus, that negative

iphone five made there debut in china, but to a been there done that response. take a look at metal as we head to break. ♪ [ male announcer ] this is amy. amy likes to invest in the market. she also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it just common sense. from td ameritrade. it just common sense. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. ♪ lori: that dow is down. let's get a more in-depth check of the markets with

so, near term, we feel good about iphone. longer term in 2013, we think there are going to be several catalysts. combination get us comfortable. >> what factor is the 24% decline from the september peak in branding apple the top pick of 2013? i'm just wondering, you know, given the steep pull-back, you are simply seeing that upside, a meaner version report of trade in 2013. >> well, i think the reason, you know, you talked a lot about it. there's been many reasons behind it. everything from potential increase in tax treatment for capital gains to potentially people's concern about the iphone. i think that's the fundamental reason. we feel good about it based on our work. i think that concern has really driven shares lower here. ultimately, when they report the december quarter, we'll know. we think that's going to be positive for shapes. >> hey, gene, it's dan. it seems like the buy side is getting aggressive on that iphone number. there's numbers as high as 50 million. the catalyst you laid out, the dividend increase, china

and cirrus logic makes audio semiconductors for iphones. its stock fell 6.7%. software company adobe fought against the weakness in technology. adobe is known for its photoshop and other design software products. last night it reported stronger than expected earnings leading to a stock rally today. shares rallied 5.7% as volume jumped almost six fold. this is a post-recession high for adobe. meantime, in the materials sector, steel stocks were the flavor of the day thanks to stronger than expected manufacturing data out of china. u.s. steel led the gains, shooting up 6.8%. volume more than doubled with the stock finishing at its highest price since may. and iron ore miner. cliffs natural resources jumped 5.2%. iron ore is used to power steel- making furnaces. many of these steel-focused stocks have been under pressure over questions about chinese demand. the early flu season this year has claimed the corporate outlook for centene. centene is a medicaid managed insurance provider. it cut its 2012 financial forecast thanks to a more intense flu season pushing its

i think mostly on the ipad they are making a lot more inroads than they are with the iphone. iphone istill a back door sort of deployment. i think once -- sort of microsoft might wind up helping apple in the sense that a lot of people think they are developing office for ios. if that comes out, i think a lot of people will turn towards ios. liz: you make a great point about security. that's why security authorities in the united states, federal government uses blackberry. >> that's right. liz: the other thing too is we've got the baby boomers really retiring in mass, and they want that big screen. they don't like to have that little problematic typing situation with the iphones. that's why they like the blackberry keys. >> yes. liz: do you see apple adapting to that and having a bigger screen with bigger key pads? >> yes, i do. i think ultimately it is all about user choice and people are going to want an extra large iphone, and if they don't, samsung is going to do it. what i do give rimm credit for, they're coming out two types of devices for blackberry 10. one will have a large scre

good news for iphone users.s you may recall, apple removed the google maps app from the iphone operating system and replaced it with their own navigation app, apple maps, which didn't work well. it got people lost. so last night, apple unbanned google maps from the phone, which means iphone owners can find things again. which i guess means white people are going to have to find something new to complain about. it is a little bit weird, though, because you can download the new google maps app, but apple doesn't allow you to delete apple maps. which means apple maps will always be there on your home screen watching you use google. it's like dating a new girl while you're still living with your ex. i miss the apple maps. for me, it was like a choose your own adventure kind of thing. never knew where i might end up. google is also making it harder now to find pornography. google just changed their image search algorithm, so it will only bring up pornographic images if the searcher makes it explicitly clear that that

number 4. >> iphone 5 being the iphone that came out this year that was really an improvement to theone 5 that you have been waiting for, for a long time of the last year we had the 4s with people disappointed. it looked identical to the iphone 4 from the previous year. this we got a larger screen and features. >> it's awesome. i had a 4 and went to that and i can't get enough of it. >> great phone. it still shocks me how light it is. >> two words on the last phone here? >> samsung galaxy s3 our highest rated android smartphone and finally android smartphone that caught up with apple. >> thank you, don. five goodies to think about. you can find the entire 100 list on cnet.com/100. it's posted on cbssf.com under "links & numbers." thank you, donald. and michelle, we'll toss it back to you. >> thank you. >>> errors in apple's mapping application are leading australian drivers into life- threatening situation. drivers going to a city have been led instead to a remote state park with extremely high temperatures and no phone reception. at least four people had needed to be rescued. apple

the bbb received hundreds of complaints since the iphone 5 was released. hundreds of sprint iphone 5 users say they are having trouble uploading photos, accessing websites and pretty much using any 3-g data. a viewer called the problem to our attention and replaced her iphone twice and when that didn't help she said sprint told her it was a known problem and about a dozen u.s. cities, and even though she can't access the data she is paying for, sprint won't let her out of her contract. lawyers say she can sue for breach of contract. sprint says it's investigating. >>> and a warning tonight about a popular baby product. the nap nanny is being recalled following the death of a 4 month old baby. the consumer product safety commission says infants can fall out or get trapped against the side of the recliner and suffocate. nap nannies were sold in the u.s. between 2009 and 2010. >>> and if you bought an early model flat screen tv or flat screen computer monitor you have some money coming to you. but you have to act fast. tomorrow is the deadline to file a claim

it is a must for any iphone user what is interesting is this new version of google maps for iphone. it is better than the old one with a lot of new features. i will show you that but first, this entire apple map a bottle is interesting they rarely to a mistake. >> what apple showed a of operating six they show that there were going to map the world themselves with apple maps. this would replace google maps that is automatically installed it. and 1 internet operating 61 live, roadways were off, and the entire cities and towns for missing and there was a lot of bugs. apple maps was ridiculed. so much that the ceo, tim cook apologized. and he fired the lead executive. and just as things for calming down. also, in australia it even provided some danger instead of this city, it navigated to people in the middle of nowhere. and why this is such a deal that google maps is back. at better than before the new google maps to has turn by turn voice activation, st. and public transportation schedules and over 80 million businesses and points of interest. you can search. >> susan rice --- withdr

is a must for any iphone user.is this new version of google maps for iphone is way better than the old one. it has a lot of new features. i will show you that in a minute. >> first this apple. apple rarely makes mistakes. let us do a little recap. >> when apple took the stage and in a veiled ios6. >> they shot us by announcing they were mapping themselves. an application of apple maps. >> this would replace google maps which was automatically installed on their devices. >> apple maps have problem. famous landmarks were missing or were visually off. roadway's would appear to be melted. entire cities and towns were just missing from the mapping program. there was a lot of bugs. apple maps was ridiculed and made the butt of a lot of jokes. >> ceo tim cook apologized and fired the lead executive in charge. >> australia went public telling their citizens not to use the app and that it was dangerous. when navigating to them town toesdura. in the out back where there is no food or water in its to be 115 degrees. >> the bo

slowness of maybe the iphone 5 sales and the rest of it we've heard time and time again. i still don't buy into that whole thing. i think this is tax selling. i'm waiting. i think there are opportunities. i think you can continue to wait. i don't think you have to pounce on apple just yet. i think it gets below 500. >> when does the selling stop? >> that is what everybody wants to know. when does the selling stop? >> i don't know that i have the answer but i'll tell you the way i would be thinking about this. i agree with pete that this has been tax loss selgs but now there is a rink l because you have a couple bulls in the stock pulling in their horns, big firms, jefferies and ubs and the things they're saying are material. they're not making downgrades based on valuation but based on the fact that the growth rate may be materially slow here. >> they're making downgrades for fundamental reasons. >> that is correct. >> which you have not heard very many negative things about. >> oh, no. >> over the past couple years. >> that is right. i think that should force you to pay

it's interesting because they said they would buy iphones earlier. now they say they will use both devices. turning to trading, stocks lowers with the fiscal cliff impasse overshadowing retail agains in sales. apple and oracle leading the decline. today, san francisco start up uber seems to be a threat to new york city cab drivers, approving a one-year pilot program to allow people to hail cabs with their mobile phones, which is exactly what uber does for car services. the program will start in early february. in san francisco, i'm corey johnson with bloomberg west. back to you. >> all right. thank you. up next, it is a love motel for your pet. unique things for animal lovers and their furry friends. >> that's frightening. >> we'll tell you who got the big nod in the golden globe nominations, just ahead. >> let's check the traffic at the golden gate bridge. if you are coming into the city, a little heavier northbound into marin. more to come on abc7 news. >> all right. this is a really strange one. police in three states are sorting through a plot to

on the iphone, you can put it in numeric, on android.you have a good password. >> and what about the search technology if you lose something? you can have that put on to your ipad as well. >> exactly. so make sure that you set up find my iphone or find my ipad. this is a service apple provides. if you lose your iphone, you can do it. it's really easy to enable. you enable it under the settings menu. you can do that in android, use a new app called lookout. it's really simple to do. you can see right here, missing devices, it pulls up where you are. so it uses gps. it's safe to use. a lot of people are worried like, oh, it's going to be tracking me. these services are meant for security. >> and you can always find it if it gets stolen. thank you so much, our abc technology editor for joining us today. we'll be right back. you're watching "world news now." it's time to change the way we clean. it's time to free ourselves from the smell and harshness of bleach. and free ourselves from worrying about the ones we love. new lysol power & free

this includes smartphones, samsung as well as the iphone. the concern is that iphone sales might disappoint a little bit here. ipad shares may be on the weak side of the tablet market. >>> citigroup laying off 1,000 people and the financials are the bright spot of the day. very depressing story, frankly. >> it is at this time year to lose that many jobs. thank you, bob pisani. we'll cover apple in-depth later in the hour. >>> it is worth taking another look at citi. trading up almost 6.5% at $36.49. the banking giant slashing 11,000 jobs, taking up to $1 billion in charges. the chief financial officer is speaking right now and kayla tausche is listening in to that conference call. >> city's cfo is just ending his prepared remarks right now at the goldman sachs financial services conference but he mentioned those layoffs right out of the gate. addressing the morning's announcement which he said is straight to the heart of citi's mission which is getting back to the basics of individual banking. among those 11,000 job cuts though, more than ha