still with us is leigh drogen and john butler joins us as well., we get to hear intricacies from tim cook and self on the call, what seems to be the key concern here? it seems to be forward-looking guidance for the holiday season. john: i think it is the guidance. on the marketr now and they have a little bit of experience knowing how the sxcess and the excess max -- x sold. max has overall, the quarter was fairly decent, and i would not say the guidance was disastrous. it tends to be a management that is a little conservative so my first thought when i saw the numbers was they are being a little conservative. joe: a thing also worth pointing out is the stock has prepared a little bit of it selloffs. -- repaired a little bit of it selloffs. romaine: when you look at the earnings report, particularly the makeup of their revenue, is there anything that concerns you with regards to where they are getting their money from or maybe when they're not getting their money from? john: the only thing that jumped out for me what that was a little light was th

let's discuss that with john butler of our bloomberg intelligence team.nvestors concerned that they are not disclosing the numbers because they do not want to show weak numbers. does it make sense if apple does not want people to entirely focus on their phones? me, it does not make sense to pull back on transparency in the business at a time when they are shifting their strategy from growing iphone revenue using basically unit growth to now shifting towards price. if you look at the latest iphones, the price points are moving way up. they are driving overall revenue with price. very low, butn positive single-digit. this change in the way they will report tells me, it is likely to move into negative territory. you could hear it in the q&a. i think other analysts suspect that as well. looked on thes lighter side as well. does that continue to cast a shadow over what all of this means for apple? john: yes. services obviously is really the future of apple. they have a huge installed base. they put a lot of emphasis on growing the services business. it did com

tom: john butler, thank you.deutsche bank and edward alden of the council on foreign relations, senior fellow and author of an exceptionally important failure to adjust which continues to need rereading. chapter helping the losers trade adjustment assistance. i think there are losers this morning in ohio and losers in ontario, losers in michigan. how do we help them? in this question, it's not a trade story, the technology story. gm trying to move onto the next generation of vehicles and become more efficient. there's a lot of experience in europe in particular on retraining programs that work. and we had that experience in the united states. they work but would never done it seriously. 1/5 ord on average about 16 of what typical european country does an much less compared to countries like denmark and germany. we just don't take retraining seriously in the country. unionized workers are little better off, the unions sometimes have programs that help them make the transition but there is a geographic problem whic

scarlet: john butler of bloomberg intelligence, thank you so much.issing apple later the way lower -- we are seeing apple lead the way lower. coming up, it is not just the tech names. financials are in the red, along with other sectors. we will get a check on what is driving the banking industry lower. this is bloomberg. ♪ caroline: time for our top calls with big movers on the back of an list recommendations. -- analyst recommendations. wells fargo is boosting the price target to a street high of $55 a share. analysts say it is one of the most interesting names heading into next year. next come and apple a blanketing downgraded to neutral from -- and apples of player getting downgraded to neutral tfrom buy. finally, bank of america-merrill lynch downgrading our company -- company to neutral. those are some of your top calls . scarlet: homebuilders and tech not the only sectors getting burned. banks are in the red, with goldman sachs leading the way. you can see goldman is off by 7.3% at the moment, trading at the lowest level in two years. financial

butler jackson existed but then for the second start up ok. i've got. another didn't. move i'm wrong. so i clear in. the same time john and. it was. going to propose not. let's get askance when she does that one is not. the same if it was buzzards or. congress who take a little more question asked. no comment that the truck rush was. ok what i. don't know. was because the clinton feds don't. see disney getting very good for. business you forget is this what is it going to get hans pleasantest and so on and secure also some sense on. sitting on the bus when you proposed of course. as you just said so. and don't appreciate the little biscuit said to me is that each christmas men. on chanel it wasn't me going to spend a few yes i would have all your. score all done. plus find one dollars to. do it in. the mud that. sticks to the. sun's view. it i will not say it dilutes. dismiss it as it's a key. she says she could to talk. again after the real libya. so for example to purchase a dog identical to the keyboard here i'll tell you what i'm going to help us go why was it a discrepancy it was in your heart that sort of south i'm going to

chuck rosenberg, paul butler, anna, thanks for spending time with us. >>> when we come back, john brennann the future of the mueller probe as well as donald trump's latest excuse for skipping a visit to a world war i cemetery in france. spoiler alert, he's playing the blame game. ♪ ♪ applebee's bigger bolder grill combos are back. now that's eatin good in the neighborhood. discover card. i justis this for real?match, yep. we match all the cash back new cardmembers earn at the end of their first year, automatically. whoo! i got my money! hard to contain yourself, isn't it? uh huh! let it go! whoo! get a dollar-for-dollar match at the end of your first year. only from discover. ♪ traders -- they're always looking for advantages. the smart ones look to fidelity to find them. we give you research and data-visualization tools to help identify potential opportunities. so, you can do it this way... or get everything you need to help capture investment ideas and make smarter trading decisions with fidelity for just $4.95 per online u.s. equity trade. fidelity. open an account today. ♪ >>> i said

butler is a former federal prosecutor. david french is a senior writer at the national review and jonathan lemire is a white house reporter for the associated press. johnemire, let's start with you. the president says he wasn't aware of what whitaker was out there saying about the mueller investigation. obviously in the terms of the role he just walked into that trump has just put whitaker in, the mueller investigation is front and center right now. what do you actually know from your reporting in the white house when it comes to whitaker, what he had said previously about this investigation, and what bearing that had on trump's decision to appoint him? >> the president's claim he wasn't aware defies -- he first came across the president's radar on cable television. he was very much aware he was critical of the mueller probe. that was part of his thinking here as to why he is being installed as acting attorney general. not just on mueller but he felt like this was someone who would be loyal to him. that was always his complaint about jeff sessions. he recused himself from the russia probe which he felt was something he shouldn't have done, but he wasn'