it was four and a half years before the ipod came out.survive that are that off in terms of being too early, but it gave us an amazing amount of learning and an edge and understanding how powerful the spoken word could be, if you unleashed it with really strong technology and then added these incredible powerful performances. at this point, it is why not do audible? if you can have andy newton lee or colin firth or stephen fry to read you a book, it harks back to all the pleasures of childhood. you can watch all of those on a screen now and very easily with the wide use of tablet everywhere by all ages. has that hit you? all of our technology is compliant with ta blets, technology is compliant with tablets, we even have a technology that allows you to read, but daniel talbot, and the audible picks up where you have left. so the amount of money you are making will not be hit by that move? this is really about taking the hundreds of millions of hours per week that people's eyes are occupied and imbuing it with value they've never thought th

john rubenstein, one of the graders of the ipod, -- creators of the ipod spending 10 months as ceo.pod shares will be $17 each, getting snap in market value of $20 billion. snap is the first technology company to go public in the u.s. in what is the biggest social media offering since twitter. stock will offer trading thursday under the name snap. china revenue tripling last year, more than $1 billion. mainland accounted more than 15% of tesla's $7 billion revenue last year. charging concerns caps on revenue fall one third a year later. elon musk says china can become tesla's biggest market. kyoto news says airbag maker takata may file for bankruptcy after splitting it healthy business unit into a new company. takta and one of its potential suitors have declined to comment. it's for the products are linked to at least 70 deaths worldwide, triggering the world's biggest safety auto legal. global news powered by 2600 journalists and analysts in more than 120 countries. this is bloomberg. ♪ >> the possibility of a fed reserve rate hike at the march 15 meeting is looking more like a pro

is first generation ipod classic was used for testing and is still fully functional. fully functional. >> and i'm mad i threw away connection to nature is a right that the trust for public land is fighting to preserve. from boulevards to ball fields and ponds to playgrounds, together we have saved over 3 million acres of land. a park is a gift that is worth protecting. help support the trust for public land and the gift of parks today. when i have an asthma attack... i feel like a fish with no water. learn how to prevent your child's next asthma attack. because even one attack is one too many. >>> we are back at 4:53. san jose police are asking for your help tracking down a trio of robbers. officers just released this security video. it shows several convenience stores being targeted in a span of an hour last october. in each case, the men entered the store in pairs with one pointing a rifle at the cashier. two of the victims were physically assaulted. the robbers are between 18 and 29 years old. they took off with stolen cash in a white or gold-colored suv. >>> thank

the early -- latest object we have is a first generation ipod. this?s in 1890 the senses had just finished and that the constitution requires a census to be taking every 10 years. the senses in 1890 was not going to be taken in time, they figured out how to do this mechanically. the senses taker would go to the field and asked the usual questions, he would bring those back to the office where they they be transcribed and would transfer handwritten responses to machine readable font. using a blank piece of cardboard the census clerk punches holes in the cardboard which correspond to the answer. relates to human readable form to machine readable form. put the punch cards into his machine which works by counting the holes in the card. includedcensus was can -- concluded in about two years. why this is important is because ultimatelyalled ibm dominated and improved upon this for the 20th century. cards where the main way people interacted with computers for most of the 20th century. the memorye are in and storage gallery, behind me is the first hard disk d

but they had done a deal earlier be i that wonderful song, they created an ipod black with a red track wheel just for u2 and bono and bono then did an ad and wanted it red. he said i don't want the word "am" in parentheses. they put product in parentheses and red you will never see it, because steve jobs didn't want it the word "apple" in that parentheses. >> that is pricely color, alter, only you can deliver. >> well, bofo tells the story. i have it in the being from bono. >> the legacy lives on. >> walter, bloomberg is making a lot of this augmented reality push and the idea that they're in this to wint, putting together big teams, thinking of things like specticals i guess for lack of a better word, how serious do you take snit. >> i thought google glass might works. i got a pair. i watched snap trying to get into the business, snapchat with maybe its own eye grasses that take pictures. apple is a company that knows how to execute well. it will be interesting to see if two things they can do with this notion of video added, augmented reality, whatever they want to go in next. one is

hey, jerk face, you forgot your ipod! (clattering)

they have ipods, iphones, they use wi-fi, not as a product offering. there is some discussion of them going back into that market, they have so much invested into the wireless link. consumers place a premium on mobility. if you look at the creators in silica and valley, almost everything they made was a mobile application. the interesting thing is whether it is snapchat or facebook revenue grew -- growth everything has to be mobile. industryural for our to continue to expand its understanding and its place in the wireless space. they cannot divorce or distinguish this any meaningful way. >> kind of a back to the future scenario? >> yes. >> you mentioned a really important thing there with infrastructure. obviously everybody wants rock band, being a component of whatever indestructible comes out of the administration. it is unclear what that bill will look like, it is not even clear if the mobile now bill will pass. what can the industry do on its own or with the fcc to achieve the infrastructure needs that it is looking for? think this is a long overdu

one is called ipods to draw an electronic map and draw a circle and anyone in that area will get an emergency call to their cell phones and what is called alert sec. kind of like reverse in one and only to cell phones and you have to go to the county website and register your cell number. so when there is a crisis the county can get a hold of you on your cell phone. >>> in the east bay the contra costa board of supervisors declared a state emergency following a mudslide that has shut down a rural road for a week-and-a-half the people that live there have to make long detours to get to where they need to go. the county hopes the emergency declaration can speed up repairs that may not start for another two months. the supervisors are looking at possible alternative travel routes such as local fire road. >>> president trump announced his support for the republican plan to replace obama care. but fox news reporters pete deucey says the proposed legislation is facing criticism from republicans and democrats. >> we are going to do something great. >> house republicans releasing their long-awaited p

my leave ipod through people's doors who voted for me said we will not put up vat, income tax and nationalutions and it didn't say only class one or anything else, it didn't say that. that's what people believed in an i don't think we should break that promise. the government says the policy will make the system fairer. the new changes plus others already planned mean 2.6 million people will gain around £115 a year. at1.6 million people will gain around £115 a year. at 1.6 million will have to pay more, on average £2110 a year. labour is hoping tory rebels will help them oppose the plans. and represent the constituency with a large number of self—employed and i'd tell you, at the moment, they are on the edge because the dip in consumer spending, what's happening in the economy at the moment. this is not a time to be penalising them. we wa nt is not a time to be penalising them. we want a fair system so let the planet so those self—employed are treated fairly, but also lets end this exploitation. but others are clear the change will make things fairer. the world of work is changing, 45% of

is an owner of proprietary spectrum uses, selling handsets to consumers while they have empowered ipods and iphones that use wi-fi not as a product offering distinct. so there's some discussion of them going back into that market because they have so much invested in the wireless component of the link anyway, and and consumers increasingly place a premium on mobility. and if you look at the great creditors in silicon valley and the software folks, almost everything being made is a mobile application. the interesting thing is, uni, whether it's snapchat -- you know, whether it's snapchat and its recent ipo or facebook's revenue growth from mobile, everything has to be mobile. so i think it's actually just completely natural for our industry to continue to expand its understanding and its place in the wireless space because they can't really divorce or distinguish it there their fixed business anymore in a meaningful way. >> so kind of a back to the future scenario. >> guest: yeah, perfect. [laughter] >> well, you mentioned a really important subject there, infrastructure, for the swire t

they also revamped the ipod. price moves ahead of plans for a new iphone later this year. let's stick with the ipad first. really interesting business in apple. it grew spectacularly, then fell amazingly in terms of sales growth. reporter: it is the business which was supposed to be the replacement for the iphone. unfortunately, people hang on to the iphones for quite a long time. they have a good life expectancy. i don't know how many ipads you have gone through, but i have had about two. if you compare that to iphones, it's not very many. cory: we discussed this on our radio show that my ipad -- i remember having an argument with my boss. i should have said i would have it longer than i had the job, it was three bosses ago. reporter: the thing that's interesting about it is the margin on the ipad are worse than a laptop. one might imagine apple would prefer to be selling laptops. but of course, you have apps in the ipad. cory: that's interesting. apple has been advertising services. reporter: exactly. it is the

apple has done this in the past with ipods, cases and wrist bands but never before for an iphone. and they are replacing the ipad. it comes with a more powerful a-9 chip. the price has been cut with the basic model starting at $329. apple did also introduce clips, a new app for creating video to share through facebook. of course, they have moved hard into apple which has surged 26% in the past six months. the price target was just raised from $140 to $160. >> our believe is the s&p the stock very expensive. it is dramatically below the market and below peers. more over we do think that the iphone 8 cycle will be significant and we think there's upward revisions likely. >> i was told apple could sell 110 million iphones in the back of the year. that would be a jump of 27% year over year. others are skeptical. they point to the longer replacement cycles. spam apple is on track for its best quarter. >> as josh mentioned, bernstein was out raising the price yesterday. they said essentially that you have to compare apple to its s&p valuation. not necessarily to its historic valuation.

remember he was a key lieutenant at apple party helps to designing ipod. he left apple years ago, joined bridgwater last year. dalio described as both leadership and technology. dalio thought john rubenstein would be a good fit because he worked with steve jobs in an environment that celebrated disagreement and that time friction. that's what goes on inside bridgewater. that is why he thought jon rubenstein would work out well. jon rubenstein did not and his exit is precipitating a number of other important changes at bridgewater. number one, ray dalio is getting out of bridgewater management by. april 15 and david mccormick, who has been at the firm for 8 years, former treasury undersecretary under george w. bush, is being elevated to co-ceo with eileen murray of morgan stanley also who has a deep background in technology. isas you can hear, the buzz building. people are excited for they want to see what the shares are going to be trading at. we're hearing they are closing, as i said, there we have it. we are at 24. $23.61. but remember, this is a big up

is temporrily bank lap tops, ipod and other carry on luggage on some direct flights for the middlee.our lauren johnson is at, philly international with how it will impact us here. >> reporter: that is right, thomas, wondering how will it impact us here at philadelphia international airporton from gao philadelphia, this could affect ybe travelers who will be impacted by this. hopefully they kn ban before thh their valuables because they will not be allowed back to this country with them. the ban intended to stop passengers from bringing anything bigger than a cell phone in carry on luggage. so cameras ipad, hospital top computer. the u.s. government's move will apply to passengers coming from eight countries on nine airlines flying out of 10 different airports in places like jordan, egypt, saudi arabianited arab emirates. according to the associated press manyve, not receiving any instructions, as of thimorn. egyptian officials say, that new york bound egyptair flight , left earlier this morning on passengers were allowed to take their lap top and other electronics on board and the fo

this means that passengers will be able to use their laptops, ipods, tablets and cameras on board, that cell phones and medical devices will be permitted. it will affect airlines from 13 airports and countries in the middle east and africa. fox news sources say the decision is not a sun specific intelligence but rather an increase in terror related chatter. the ban goes into effect today in senator legg say it would last 96 hours. lauren: this just in. a major feature of northern ireland's reconciliation with great britain has died a army commander martin mcguinness was 66 years old. the guinness as a senior ira commander during the years that the most serious catholic protestant violence. sinn fein president gerry adams called mcinnis a passionate republican who worked tirelessly for peace and reconciliation and for the reunification of the country. we negotiate peace in northern ireland after decades of sectarian violence. he became a deputy first minister in the power-sharing government. dagen: let's get caught up in global market action overnight. in asia, mixed markets there. the n

he helped to design the imac and ipod.rs ago, joined bridgwater last year, in this role ray dalio described as both leadership and technology. given his background at apple, ray dalio was relying on jon rubinstein to help redesign a new technology architecture for bridgewater. and today ray dalio says jon rubinstein did in fact to do that. vonnie: yes come he gives him a lot of credit. he says he is not a cultural fit. erik: by mutual agreement, not a cultural fit. vonnie: what does that mean? erik: we know bridgewater is an unusual place. you might describe it as an on place. talk to meay dalio and other people about radical transparency. that is what makes bridgwater unusual, everything is out in the open. dalio thought jon rubinstein would be a good fit because he worked with steve jobs in an environment that celebrated disagreement and at times friction. that is what goes on inside bridgewater and that is what he thought jon rubinstein would work out well there. jon rubinstein did not come and his exit, bonnie, his fir

they were curious about robert's ipod. they wanted to talk about music.ed to talk about their families. >> mi madre. si. >> at night they were kind of jumpy. and i think that kind of comes with being in the jungle for as long as they had been. it was just on the edge of darkness. it became more this distinct noise. and i asked if anyone else heard it. it was distant, but it was low. it kept building in intensity over the span of maybe four or five minutes. the soldiers started to become alarmed, because it continued to get louder and louder and louder. is that a helicopter? i was thinking maybe it was a helicopter, but the sound was becoming more complex. there was this kind of clicking, almost like a metallic sound. now the soldiers are totally spooked. and their little squad leader is telling them to take positions. and they don't want to go. we're all like what do you think it is? robert looks at us and says -- >> it sounds like a column of men coming towards us. >> yeah, of course. it's a massive amount of soldiers coming towards us through the forest

. >> tom: i thought he did well, he's going to the apple store and getting his own ipod. >> who triesseek truth to power at the apple store? let's get a phone made by slave labor. who is the bully here? you know why they do that, they act like they are so brave when they do this, they do this because conservatives just take it. no one can arrest her, he's not going to raise his voice at her. they act like they're standing in front of a tank, when they're just being annoying to someone. >> tom: is like when you're out with a woman and she starts a fight with some big dude, it's embarrassing. >> that what happened to the tank man -- >> tom: how are you always able to debunk these heroes? >> i know a little bit -- >> tom: joe, what's happening? >> i'll tell you what. you would think that sean spicer would have a plan, you know this is going to happen, you're a public figure that lots of people don't like, have a plan. when someone asks if i'm comedian joe machi, i say i'm not. i get that all the time, he must be pretty easy on the eyes. >> tom: do people come up to you and try to perisco

you may remember, he was a key lieutenant of steve jobs at apple and helped design the imac and the ipoddeft apple years ago joint bridgewater last year. ray dalio described as both leadership and is technology. palio. john rubenstein would be a good fit because he worked with steve jobs in an environment that celebrated disagreement and friction. that is what goes on inside bridgewater and that's why he thought john rubenstein would work out well there. dump rubenstein did not in his exit is precipitating a number of important changes at bridgewater. ray dalio is getting out of bridgewater management by april 15 and david mccormick who is minute the firm for eight years, you may remember under george w. bush, is being elevated to co-ceo with eileen murray, formally of morgan stanley, also who has a deep background in technology. as you can hear around may, the buzz is building. people are excited. they want to see what the shares are going to be trading at a we are hearing they are closing. the people around me -- there we have it. we are at $24. remember, this is a big uptick. up on ta

the suspect took the vehicle's stereo, external hard drives, a macbook pro, ipod, cameras, camera bags, and a drone. officials say the equipment is used for training, marketing purposes, some of which cannot be replaced. officials are asking for the return of the equipment to the alameda fire house, no questions asked. these items can be identified with acfd and acfaa local 55 decals. >>> joined right now by meteorologist lawrence cardo, and i could hear the rain coming down just moments before we started this newscast. >> yeah. took a listening time to get here today. it come down very hard. in fact, fled showing this system as it flies into came. this is a cold system that is moving in now. we're going to see some pretty interesting weather, i think, over the next 36 to 48 hours as the cold air settles in. you can see, though, that train of moisture that is moving on shore, some heavier bands now sliding in to san francisco. you see a pretty significant cell there that is now making its way on through san francisco as we speak. look at that train of moisture. some of these could see

you have debris here and an ipod of things that people can't use and they have a chair sitting on the sidewalk. that's the visuals that you will have as you come down here frank. a lot of debris and a lot of reminders of how much damage and destruction there was even though the skies are clear and the sun is out. guys. >>> all right. jesse gary in the south bay. thank you. >>> san francisco is known across the country for its progressive values. now it may be the most aggressive city for breast- feeding moms. the plan to require every san francisco business to provide a place for new moms to pump. >> i think what happened she tumbled off of the trail and you know being blind, she really -- she gets disoriented. >>> a blind dog. this one you are looking at here spent more than a week lost in the santa cruz mountains. how a neighbor carried the dog home. >>> momentum is gaining steam for the raiders possible move to las vegas. the latest word from nfl owners that may vote for relocation as early as this month. >>> and we are tracking the warm-up. it warmed up today but tomorrow and the

klaus ipod proxies, people are buying -- qualify bond proxies, anything that has a dividend yield.best asset that equities are there. anna: thank you for your time. patrick armstrong, the cio. we will keep an eye on the house bill, plenty of news flow surrounding the battle over bovin. manus: equity markets, a mixed indication. london up by 0.2%, paris up. european open is up next with guy johnson and matt miller. this is bloomberg. ♪ guy: monday morning, welcome. it's the european open. cash will be opening around half an hour, for the first trade the day. i'm guy johnson, alongside matt miller over in berlin. what are we watching monday morning? the war of words. turkey's diplomatic spat with the netherlands intensifies as riots break out in rotterdam, with 48 hours to go until the dutch election. will euro react when european liquidity comes on stream later on? thinking ouid

ahead, plan to block the call and we invite you to subscribe to our cbs podcast on itunes and apple's ipodhe first did you know slow internet can actually hold your business back? say goodbye to slow downloads, slow backups, slow everything. comcast business offers blazing fast and reliable internet that's 10 times faster than slow internet from the phone company. say hello to internet speeds up to 150 mbps. and add phone and tv for only $34.90 more a month. call today. mccoast business. built for nebusiss. >>> how much will you watch the rest of the tournament outside of carolina? >> if kentucky plays carolina, that's game i want to see. i'd love to see that. it depends how much time. i've got three or four jobs. >> yeah, yeah, yeah. you've about got a little extra work going on. >> but i love the game. >> that must have been fun for you. >> it was. i loved it. >> i love seeing you if locker room. it looks great. it looks fun. >> they know stuff too. >> they do. yeah, they do. >> welcome back to "cbs this morning." charlie got to take part in the halftime show last night during march madn

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ahead, plan to block the call and we invite you to subscribe to our cbs podcast on itunes and apple's ipodiza donnelly. learn about the first >>> good morning, i'm rahel solomon, convicted child molester jerry sandusky, tries to get a judge to toss his conviction. says legal representation was inadequate during his 2012 trial on charges of child sexual assault. also, jurors resume deliberation unless trial of graham spanier, he is accused of miss lands link complaints against sandusky. checking the forecast with katie fehlinger. much more mild? >> it is, starting today, actually, too, rahel, warmfront lifting in. but interestingly, actually wintery weather to tell but specially up in the mountains, because of this oddly enough warmfront. we take a look, little snow, and certainly little ice along i80. this looks i think a lot worse than what it is actually going toned up being for our area, much of the precipitation coming in from central pa is in fact going to fizzle somewhat. you're going to fine more than anything midday shower in the city of just rain. speaking of some r suny, looks li

mechanisms so they can be left anywhere which is [inaudible] but by being left anywhere they can be left up ipod leaned against a tree or symbol in the middle of a sidewalk. some station with systems such as portland oregon software docs is way to organize and relate the use of public right away with station was bike share bikes. all other systems critically several marching chinese companies forgo docs altogether and the boys are simply placed wherever users choose to place them. i think [inaudible] the best-known of these right now but really there's half a dozen or more competitors out there and if there's only one special station was bike shirt operator i think as an agency we would be very differently but knowing that great growing interest in stations by sure we want to get out in front of you as the supervisor mentioned two insureds well-regulated. that means treating it consistently with all ready how we treat stays this patient was bike sharing only along in the transportation would also means regular and station was bike shirt in a way that promotes public health and safety. in terms o

. >>> this is not on my ipod. maybe about 30 years ago. yeah a little bit of disco to get you up on a beautiful sunday morning. we've got some clouds and a little bit of rain. but you know it just doesn't matter because it is the weekend. thank you. >> it's the weekend. maybe you need a little coffee to get up and boogie. >> or a little disco. good morning, good to have you on board everybody i'm frank mallicoat. >> it's never bad to start with a little music or coffee and a little rosemary to tell you if you should stay in bed just a little longer. it is still gray out there. >> yes, yes, no. we are going to have it on the yes, yes, yes. >> for a couple of weeks. the first day of spring. we may need to wait for a few days. for today, we're covered in clouds this morning with the mid to low-level clouds. giving you a look across the bay out there. it is a little soupy out there falling in some areas. temperatures are mild though. let's check in on the numbers at this hour for santa rosa and the upper 50s in oakland. 51 to start your mornin

what's different is other products in the past that have been part of this campaign have included ipods is the first time you're going to be seeing an iphone. it is a 7, which means that apple is going to be making some percentage of donation on a $650 device, which could be substantial. of course, apple has been on a run here. it's up more than 20% year to date, on track for its best quarter since 2012. guys, back to you. >> all right, josh. yep, market cap keeps going up and up and up. watching that. see if the law of large numbers ever takes over. >>> house republicans are unveiling a package of amendments in a bill they hope will repeal and replace obamacare. joining us now, house ways and means chairman, kevin brady. thanks for joining us. >> you bet. thanks, joe. >> i've read a lot of stuff in the journal and elsewhere. we'll get to the lead editorial, which i think is very interesting and something i wasn't even considering. i think it's a good selling point. what about changing it for older americans? what kind of provisions are you looking at? has that been done yet? >> yeah, i

mechanisms so they can be left anywhere which is [inaudible] but by being left anywhere they can be left up ipod leaned against a tree or symbol in the middle of a sidewalk. some station with systems such as portland oregon software docs is way to organize and relate the use of public right away with station was bike share bikes. all other systems critically several marching chinese companies forgo docs altogether and the boys are simply placed wherever users choose to place them. i think [inaudible] the best-known of these right now but really there's half a dozen or more competitors out there and if there's only one special station was bike shirt operator i think as an agency we would be very differently but knowing that great growing interest in stations by sure we want to get out in front of you as the supervisor mentioned two insureds well-regulated. that means treating it consistently with all ready how we treat stays this patient was bike sharing only along in the transportation would also means regular and station was bike shirt in a way that promotes public health and safety. in terms o