apple making big management moves today, naming jeff williams as its new chief operating officer. a job that hasn't been filled since tim cook left the position to become ceo four years ago. williams has worked at apple for 17 years and supervise the launch of the apple watch. as far as today's executive shuffle, johnny sergio was promoted to senior vice president for hardware technology. phil shiller will take on andership of the app store, tour myra and will join apple as vice president of marketing communications. me now to discuss, bloomberg's head of global technology, brad stone, and with us in new york, daniel ive. brad, you interviewed jeff williams last year. who is he? calls him timy cook's tim cook. that is a huge compliment. he is the guy at apple getting things done. he has historically been in control of the supply chain. a great illustration of what he does occurred last year. the apple watch project existed inside johnny ive's studio for years. in 2013, tim put jeff williams in charge of the watch project, and it became a reality. emily: i pulled a quote from use -

tell us a little bit about who is jeff williams and what he does?pple since 2007 he is the senior v.p. he had other different roles. so think of him as a strong utility infielder now that has a focus as a coo. >> how should we view this change? there is the question of succession. beyond that, is this, gene, tim cook rewarding people, giving the guy that probably wants coo effectively anyway, according to the commentary, the title and presumably the salary that goes with it or is it a company that its making other executive changes in advance of what could be a difficult time in terms of external pressure if iphone sales actually dip. clearly, the stock has been under some pressure. do you think they are anticipating that the first quarter could be rough in the public sphere? >> i don't think so. >> as you mentioned, this is more giving credit to where credit is due. i don't think it is that. the other changes are pretty modest on the management side. i don't think this is anything related to the recent cut in terms of iphone expectations. apple goe

brad, you interviewed jeff williams last year. who is he?ad: everybody calls him tim cook's tim cook. that is a huge compliment. he is the guy at apple getting things done. he has historically been in control of the supply chain. a great illustration of what he does occurred last year. the apple watch project existed inside johnny ive's studio for years. in 2013, tim put jeff williams in charge of the watch project, and it became a reality. so he's known for getting things done. emily: i pulled a quote from use -- your story where you say "he's an uncanny cook clone." ll, soft spoken, inexhaustible memory for tech both men have mba's from duke details, university and spent early years of their careers at ibm. daniel, what do you make of this promotion of jeff williams? i know tim cook said today he had already been doing this job for years, but do you find anything interesting about the timing? daniel: i think the timing is interesting. apple definitely has some headwinds. we've seen it with some of the success softness. they really need to

apple now grooming jeff williams as the next ceo.ources of the company telling me this is not the intention of this promotion. this is simply a recognition, they say, of jeff's contributions. tim cook, by the way, in a statement saying williams is hands down the best operations executive he has worked with. other big changes to mention here, phil schillor will remain apple's head of marketing, but he picks p a new responsibility as well. he is now going to lead the company's app store. that, of course, has become a significant business for apple helping to fuel the company's record $5 billion in services revenue last quarter. natural question then is what that means for eddie cue, apple's media head. the company telling me he will remain in charge of apple's content. that means apple music, apple pay, and apple tv. one final note here, johnny will join apple's executive team as vp's. he may not be a household name, but is he the man in charge of hardware. that's batteries, displays, chip sets. opening the apple product, and you are l

what can jeff williams do to help them? what is his qualification? brad: the ability to execute on new product lines. the one thing we are not talking cerutti -- johny srouji. these processors are going to end up powering a line of products and it really is apple's key advantage. the control of the entire product cycle from the microchip all the way to the finished product. scarlet: thank you so much for putting this into perspective. jeff williams named the new coo. brad calls it a little bit of housekeeping. tim cook is tim cook. this is the right time to do things that you don't want to create a lot of waves. we are going to move on and talk about the markets. equities are selling off. fed raiseter the rates for the first time in 3500 days. america said the risk assets were so oversold that they were due for a bounce. this is the global breadth indicator. banc of america went on to say, this bounce will not last. and you can look at today, case in point. there are selling risk into 2016. scarlet: things can be oversold for a long time. if you look

>> it shows that jeff williams, now the chief operating officer, is tim cook's clear number two.hese two people have a long history. they wrked --, worked together over a decade at i.b.m. and one of the first things tim cook did in 1998 was call jeff williams and see if he wanted to come work at apple. he's been there ever 1i7b89s now he's going to be his top diplomat emily: he's been called "tim cook's tim cook." and they actually do look a loot like! alderblen, one thing i wanted to talk to you about, the fed hiking rate for the very first time in a decade. what does this mean for startups and the tech community? >> i think the number one thing they're thinking about is how it's going to affect the valuingations of some of the really sky-high startups you are seeing. when investors can't get good returns, they look to alternative investments. that's meant a lot of money going overseas and into these funds -- emily: mutual funds, not hedge funds, right? >> right. and this inflates the valuations and this is what is leading to a lot, not all bay lot of these une i corns, billion-

hi, josh. >> well, kelly, jeff williams has overseen apple's entire supply chain since 2010.e is officially the company's new chief operating officer. williams first joined apple in 1998, played a key role in apple's entry into the smartphone market. also remember super surprised the development of the apple watch. tim cook in a statement saying williams is hands down the best operations executive he has worked with. other big changes to mention as well, phil schiller will remain apple's haetd of marketing but he picks up a new responsibility as well, he will now lead the company's app store. the natural question is what that change then means for eddie cue, the company telling me he will remain in charge of the company's content. that means apple music, apple pay and apple tv. of course, all these changes, kelly, coming as apple stock has been under pressure. analysts are increasingly cautious about iphoner sales growth in the quarters ahead. rnbc's is monitoring iphone units of 227 million next year and that would be a dip of 2%. still telling me he is an apple bull saying

that's jeff williams, officially named the new chief operating officer this week.hat's eddie cue, he is the guy who helped create i tunes. >> it's amazing to work at a place where you're building products that everybody in the world uses, whether it's a 2-year-old or a 100-year-old. they get to experience the products that we're building, and that's amazing. >> reporter: is the dna of steve jobs baked deeply into everything? >> it is,'9" is. this is steve's company. this is still steve's company. it was born that way, it's still that way. so his spirit, i think, will always be the dna of this company. >> reporter: and if there was anyone at apple who comes close to sharing jobs' dna, it would be this man, apple's chief design officer. he's considered by many at apple to be the most important person at the company. every apple device on the market today was either created or inspired by this reserved and polite son of a british silver smith. we met him in his design studio, but we were only allowed to seal so much. what's interesting in this room is that i see these

jeff williams followed him from ibm, a trusted lieutenant.is just an endorsement of the confidence that tim cook has in jeff williams. scarlet: absolutely. patrick becker, in terms of what management should do about it growing -- i'll -- growing cash hold ise amount it monumental. always a debate about what it should do with it. are you in the carl icahn camp of returning it to shareholders and dividends? >> we do. it would be positive if they went on an acquisition run. the company has not done that in the past. this is a company built organically. we don't know if they have the skill sets to be a great acquirer. technology in general, that is a tough route, when you look at the microsoft acquisitions, hewlett-packard acquisitions, tough strategy to execute on. scarlet: although they have made several acquisitions, like the headphones. does that not add to the synergies they could create? that is a relatively small acquisition, dovetails into what they are trying to do within the ecosystem, so we didn't have any trouble with that. at would r

jeff williams, who has been in charge of apple's supplied -- supply chain is now stepping into the role a position once held by tim cook. joining us to talk about this is anchor,omberg west" emily chang. justw he has a duke mba like tim cook and has been with the company for a long time. expected news here? he hasas been -- emily: been running the supply chain for the last five years and has been referred to as tim cook's tim cook. tim cook saying we are just formalizing jobs are already doing. he is the coo and now we are making it official. and we did anbm interview with him last year where he talks about how he came to apple. steve had just come back and tim called to come out and interview and stop by as a courtesy. i had no interest in joining apple. they just lost a billion dollars and now here i am. it's interesting because it reminds me about what tim cook said about joining apple where steve called him and he had no interest in joining but somehow was convinced and obviously he is still there. some other interesting executive of aes -- a promotion guide to the head of hardware

apple is selling off after promotions including naming jeff williams to the coo post.urs dig into this with bloomberg editor at large cory johnson. dan eis. rbcave seen in the past downgraded the stock price of apple saying there are concerns that iphone sales are going to shrink next year. is that part of the problem here? is -- it got ahead of itself and you see the supply-chain numbers come down. it comes down to growth. you are seeing the stock [inaudible] season.to the holiday the numbers come down and that is where it is a white knuckle period for apple. iphone seven is the optimism, we will see that in february and march but for now it will be a be perio -- bumpy period. it is going to be a nerve-racking period. couldget through, there be some cap allocations. the stock moves back. betty: what is going on there, is there something going on with the supply-chain? is uncertain if demand is strong. the new model might be different. investor enthusiasm is not there. their growth is coming way down. the iphone 6 and six plus were such a hit. the bigger screen but the

that's jeff williams, officially named the new chief operating officer this week. and that's eddy cue. he is the guy who helped create itunes. >> eddy cue: it's amazing to be able to work at a place where you're building products that everybody in the world uses. whether it's a two-year-old or 100-year-old, they get to experience the products that we're building, and that's >> rose: is the dna of steve jobs baked deeply into >> cook: it is. it is. this.. this is steve's company. this is still steve's company. it was born that way, it's still that way. and so, his spirit, i think, will always be the dna of this company. >> rose: and if there was anyone at apple who comes close to sharing jobs' dna, it would be this man, jony ive, apple's chief design officer. he's considered by many at apple to be the most important person at the company. every apple device on the market today was either created or inspired by this reserved and polite son of a british silversmith. we met ive in his design studio, but apple's preoccupation with secrecy allowed us to see only so much.

longtime employee jeff williams will be the new clo. the last clo is tim cook.k at the stock response. year to date apple stock is down by about one half percent. our market panel is here. trying to buy apple on the lower price or not? >> absolutely. apple is a very good buy. the stock is down because of lowered expectation on sales, but apple dominates the start -- the smartphone business, gobbling up almost the entire profitability of the industry. apple is poised to have a very good next 1212 months. the market is giving you a buying opportunity. deirdre: we will take your point. some analysts are saying that apple will not sell nearly as many iphones next year is expected. is that change your view on whether or not someone who gets a thousand dollars for christmas, should that person go by apple stock? >> their products have not innovated enough. there is not enough that has gone from the six to this access. as much as i like apple is a company, they sit on a ton of cash and other major innovator in the industry, i struggle with the fact that they are not do

the company has named jeff williams new chief operating officer -- a job that has not been filled sincek left the position to become ceo more than four years ago. foriams has worked at apple about 17 years and supervise the launch of the apple watch. cerealns are not eating like they used to, and it is taking a bite out of general mills bottom line. the maker of cheerios and lucky charms missed estimates. they have boasted profit -- bolstered profits through cost-cutting, but it's a trend awayth from cold cereal. shares in the company plunged after carson block's muddy waters firm claimed the casino is using engineering to mask a deteriorating core business. he joined "bloomberg " this morning. block: it is a casino hiding in plain sight. when you first glance at the fitbits, it looks normal -- a boring company, but when you really dig in and we dug in for a number of weeks, you find there is a huge difference between what as a shareholder you own, and what you owe, and the difference there -- the math is pretty simple once you uncover this. it is about seven euro a share that you a

jeff williams has been named as the new coo. the announcement came today. he played a key role in the launch of the iphone and apple watch. >> facebook is making it easier to share all those ugly sweater pictures. the company is adding photo magic to its messenger app. the feature will recognize facebook useers in a picture and automatically create a message to send those pictures to those people. i always wanted one of those. you can make one yourself. later you can wear it in the rain. >> you made one? >> i made one. it was funny. >> i think our director had one on at our christmas party. >> i think he bought that one and doesn't think it's ugly. >> sorry. let's get a live look outside. you can see towards san francisco we have clear skies right now at least in the lower levels but we'll talk more about an incoming storm system in a few minutes. >>> plus, some new developments when it comes to crab season. the signs that one local scientist say suggest the threat of that toxic algae may be going away. the "algae" that's holding-up california's "crab-fishi

jeff williams that's not -- has been in charge of the supply chain and operations and was elevated toumber two position behind ken cook today. some analysts note that he's already been doing the job since congress left in 20011, the stock market slid lower today a day after that historic interest rate hike. investors are worried about sagging energy prices and economic datasm the dow dropped 253 notice and the nasdaq lost 68 about the. >>> coming up, a little girl with a big heart giving back this holiday season. >>> the more money i raise, the more i get to give to the hospital. >> her efforts to spread holiday cheer to children who need it most. >> rain on the way. we will have the complete bay area forecast. >>> later, a celebrity sighting in the east bay after last night's warriors game. ♪ (vo) some call it giving back. we call it share the love. during our share the love event, get a new subaru, and we'll donate $250 to those in need. bringing our total donations to over sixty-five million dollars. and bringing love where it's needed most. love. it's what makes a subaru, a subaru

we heard jeff leaves had been in charge -- williams who is now charge of apple supply chain since 2012 was, he is now subbing for the role of chief operating officer. i can't seem to get my words out. , explain to us what is going on with apple. matt: i'm going to let the bloomberg terminal -- betty: speak for itself and i'm going to step away. matt: he was in charge of the supply chain at apple. hey, let me put supply chain and for apple, stlc, you can see a whole bunch of stuff. it shows you a number of interesting things. the first thing i did, you can , theby the suppliers here customers here, and the competitors here, you can show inventory growth, sales growth. i put price change of the stocks for one day because i thought, oh, the supply chain guy, now the coo, how does that affect the prices? markets around the world were down yesterday. they are down today. it doesn't really show much because they are all down. i put in the three months percentage change to see how their suppliers have been doing over the past three months. interesting you see a breakdown of winners and losers

district attorney seth williams speaks exclusively tonight to fox 29's jeff cole. >> williams caught up in that searing controversy over three of his top prosecutors linked to pornographic and racist e-mails found on state computers. jeff is here now with his interview. jeff this is the first time williams has spoken on the topic in some time. >> william has never been one to shy away from reporters but he has kept a low profile at least on the issue of the nasty e-mails. tonight he makes a demand of the troubled state attorney general. >> i want the public to have the opportunity to review all of it. >> reporter: in exclusive interview in his center city office, district attorney seth williams said he made a mistake when he ordered sensitivity training for three top prosecutors in snared in the porn gate e-mail scandal. he says he didn't have enough information. >> so today, i'm calling for the attorney general to release all 10,000 of these e-mails. so that everyone can understand the full extent of what was shared and by whom. so that all of cuss do the right thing today. >> report

jeff williams becomes apple's first chief operating officer in more than four years. cook left that position to replace steve jobs, whose health was failing. right now we have more from my interview with cook for this sunday's "60 minutes." he addresses one of the biggest controversies the tech giant faces, taxes from overseas assets. >> how do you feel when you go before congress and they say you're a tax avoider? >> what i told them and what i'll tell you and the folks watching tonight is we pay more taxes in this country than anyone. >> well, they know that and you should because of how much money you make. >> well, i don't deny that. we happily pay it. >> you also have more money overseas probably than any other american company. >> we do, because two-thirds of our business is over there. >> why don't you bring that home is the question? >> i'd love to bring it home. >> why don't you? >> because it would cost me 40% to bring it home and i don't think that's a reasonable thing to do. this is a tax code, charlie, that was made for the industrial age, not the digital

jeff williams is stepping into coo, which has been vacant since tim cook took over as ceo. what you make of this? oftenis here, we don't see inside apple, so what does that tell you? the when you look at what signal is, the coo they have appointed comes out of the guy who created research kit, which is apple's attempt to bring the health world into the home world. apple knows the future is in a allergy, it is in us, and being healthy and well, and ultimately, apple will have to make the transition from being medication platform to being the center of a lifestyle platform that is biologically-based and i think that supports it. david: so this is the direction of the company? jay: absolutely. they are not the short-term quarter to quarter company. they think two years, 10 years down the road. you will look where he comes from when they elevate someone. shkerli i think the secret -- secret hasink the been managing inventory for apple. the ability to make just enough stuff, not too much and not too little. historically in technology, that has been a disaster, whether it was com

apple naming jeff williams as its new chief operating officer.st recently served as apple's vice president of operations. apple has been without a coo since tim cook took over as ceo. shares of general mills are taking a hit after the company reported weaker than expected earnings. the food producer saw revenues drop in all retail categories. that stock down 2.6%. take a look at some stocks hitting all-time highs in today's session. becton dickinson, raytheon, mcdonald's, and adobe although adobe has pulled back slightly from the new highs. >>> shares of amc up more than 10% this week after the theater operator named a new president and ceo. kelly evans lashd landed a big interview with that ceo so we welcome here in "power lunch." kelly evans. >> thank you very much. i'm here at the waldorf for the yale ceo conference. first though i'm kicking things off with you guys and adam aaron from amc entertainment who is joining me in the wake of one of the biggest movie stories of the year. tell us a little bit about "star wars." how many different scre

tonight seth williams speaks to fox 29's jeff cole exclusively. now jeff is here with his interview. jeff, you asked the da about a little trouble of his own. >> i did. da williams did answer questions about a federal probe but not before attempt to go turn the focus back on pennsylvania's embattled attorney general kathleen kane. >> you are the subject of a federal investigation for allegations that you have improperly used campaign money. >> in our interview, we asked district attorney seth williams about the federal probe first reported by the inquire near his campaign spending. >> have you used your campaign funds in any way that you think may have been a mistake. >> i've not. i will cooperate and share whatever information anyone asks me to share with them. >> reporter: his message tuesday was not about the probe. but it was focused on the porn gate e-mail scandal raging in pennsylvania state government. em balanced attorney general kathleen kane filed what she calls a racist and pornographic e-mails on state servers. williams transferred thr

and for melissa magee, cecily tynan, ducis rogers, jeff skversky, and jim gardner, i'm rick williams have a nice evening. we'll see you at 11:00. >>> tonight, that tornado outbreak wreaking havoc over the holiday. the mounting death toll and destruction in several states. more than two dozen twisters. one that touched down may have traveled more than 100 miles on the ground. >> oh, wow. looks like there's two. >> the storms so powerful, a tractor trailer hurled off the road. tonight, the stories of survival. >>> white-hot christmas. record-breaking temperatures along the east coast. the images you never see this time of year. what this weather pattern means for the rest of winter. >>> crackdown. the plan for a nationwide swede of undocumented immigrants. hundreds of families facing deportation. officials saying they pose a threat to national security. >>> and, tracking santa. inside the government's top secret mission to follow that flying sleigh.

continues at 10:00 on phl 17 with brian taff, sharrie williams and ducis rogers, and join us for "action news" at 11:00 here on channel 6. for cecily tynan, jeff skversky, ducis rogers and jim gardner and the entire "action news" team, i'm rick williams have a nice evening, we hope you'll join us at 11:00. holiday season's just like football season... you got your big games... ...and regular games. get it all at a great price... ...and the holiday season is won. everything in one place. my giant. you got your big games... ...and regular games. get it all at a great price... ...and the holiday season is won. everything in one place. my giant. >>> breaking news. deadly storms and tornadoes. holiday havoc as extreme weather moves in. tornadoes touching down. whiteout conditions. icy rods. more than 70 million americans facing severe storms. >>> also developing at this hour, thousands of flights delayed or canceled. tens of millions making this the busiest travel day along america's highways. tonight, we're in the middle of the holiday gridlock. >>> off-limits? the political cartoon targeting senator ted cruz and picking on his young daughters. ri

jeff cole in for chris o'conne o'connell. >> i'm dawn timmeney. the cold isn't the only thing we have to deal with this weekend. let's get right over to chief meteorologist scott williams. fill us in, scott. >> well, dawn and jeff, it will ab shock to the system considering our string of temperatures above average for the past sever days. 60s even 70s right now it's 44 degrees but look at the winds of change. you factor in that westerly wind at 17 miles an hour it feels like 36 degrees. so we're talking wind chills really for the first time this season but take look at the colder air off to the west. you can see in pittsburgh it's 31. green bay only 21. 15 degrees right now in minneapolis. so that's some of the air that's headed in our direct for the upcoming weekend. but look at the air temperatures right now. it's 40 in pottstown. 31 degrees in the pocono mountains. we have low 40s already down the shore. but take look at the wind chills in the 30s pretty much area wide that's how you should dress if you're stepping outdoors headed to the movies or headed to grab some dinner. we're looking at low temperatures in the suburbs upper 20s. 32 degrees freezing in the city.

jeff cole in for chris o'conne o'connell. >> i'm dawn timmeney. the cold isn't the only thing we have to deal with this weekend. let's get right over to chief meteorologist scott williams >> well, dawn and jeff, it will ab shock to the system considering our string of temperatures above average for the past sever days. 60s even 70s right now it's 44 degrees but look at the winds of change. you factor in that westerly wind at 17 miles an hour it feels like 36 degrees. so we're talking wind chills really for the first time this season but take look at the colder air off to the west. you can see in pittsburgh it's 31. green bay only 21. 15 degrees right now in minneapolis. so that's some of the air that's headed in our direct for the upcoming weekend. but look at the air temperatures

they're linked to pornographic and racist e-mails found on state computers ton night seth williams speaks to fox 29's jeffclusively. jeff asked the da about a little trouble of his own. >> you are the subject of a federal investigation for allegations that you have improperly used campaign money. >> in our interview we asked district attorney certainly williams about the federal probe first reported by the inquirer into his campaign spending. >> have you used your campaign funds in any way that you think may have been a mistake. >> i have not. i will cooperate and share whatever information anyone asks me to share with them. >> reporter: his message tuesday was not about the probe. but it was focused on the porn gate e-mail exam raging in pennsylvania state government. em balanced attorney general kathleen kane has filed what she calls a racist and pornographic e-mails on state servers. williams has transferred three his top prosecutors linked to the e-mails when they were assistant attorneys general. he says he made a mistake back in august when he learned of those nasty e-mails. >> things that will repu

jeff goldberg, abc 7 news. leon: thank you. there will be a new trial against william porter, 106 police officers charged in the death of freddie gray in baltimore. we just don't know when it will take place. the judge declared a mistrial yesterday after the jury was unable to reach a verdict after three days of deliberation. defense attorneys and prosecutors met with the judge did -- today to discuss the next step. the next officer's trial is planned for january. a protester was taken into custody right front of our cameras. he has been released. he says he was released around 3:45. he is one of only two people taken into custody during yesterday's small protest. the parents of a student one charges filed after their son was beaten on a school bus and it was caught on camera.take a look . [screaming] leon: his parents say several girls attacked him when he sat down. the family claims the older -- they called the attack barbaric. the two girls in the video have been suspended. the d.c. firefighter charged in the death during a street race had to face the families of th