can apple do that without jony ive?s departure signals the end of the cult of the designer in apple, people andobsess over every bezel the look of the home button. i think the future of technology is not an hardware but in software, the artificial intelligence, the internet of things, and interactions of computing into the fabric of daily life, maybe without even interacting through hardware. i think this is now the era of software and not the era of hardware that jony ive obviously specializes. >> if i could jump in, let me just address that thought, too. absolutely agree that we are in the age of software, that ai has an impact, but i feel strongly that apple will continue to obsess over the details of hardware. apple has made 's legacy ofony design is one of its core competencies, but keep in mind where apple is at relative to the rest of tech. that is something that is would expect that kind of attention to detail to departure.ite jony's emily: the first person who obsess over the details at apple was steve jobs, wh

it's a big move and a big surprise much more on jony ive's exit in a few moments.st let's get you set up on the final trading day of the month, the final trading day of the quarter, the final trading day of the first half of 2019. we are higher right now. dow futures up 98 points remember, we need 1.6% now to get to that new high we got close last couple days have not helped us out not up 1.6%, but we're in the green. futures tended to understate the move we ahave the blue chips on their best monthly pace since january. the dow on pace for its best june since all the way back in 1938 wow. 1938 no big move into asia overnight. g20 and trade, we'll get to that in seconds that's the market mover. not seeing a lot of movement here a bit in the red in europe everybody is waiting to see what happens at that big summit in osaka. slight moves up in europe. slight moves down. let's focus on things outside of equities there's been bigger moves there. oil, you have the opec meeting on monday. will they keep their 1.2 million barrel a day production cut? a tenuous deal we'll b

nobody does it better. >> this is jony ive. >> jony ive. >> jony ive. >> i got it. >> by the way, thether piece of this is interesting, jony leaves, angela left earlier. iovine came and when >> some of them -- jony ive has been there 30 years. there are people who will ask questions. >> i don't think you can understate or -- i don't think we should understate the idea that he is still geg to be working with apple he'll still have a hand in it. >> i think there's a big difference between being at the monday morning meeting and overseeing all of the designers and being able to implement your own aesthetic and then being a consultant to the company. we'll talk more about this this morning. >> apple can make some big moves, too 1% -- >> could be the trade talks. >> but if it was -- if his influence is what it would have been five, ten years ago, it would be more than 1%. it's waned at this point >> that's fair >> it's -- >> we'll talk more about this. we have dan primack coming up from axios >>> as we know, president trump is in japan meeting with world leaders at the g20 in osaka. and th

it tells you a lot about what jony ive has jony ive. sign. these bluetooth ear pods, not at all the first bluetooth ear pods. they are incredibly expensive but they are incredibly expensive but they are beautifully designed and they have been a huge hit for apple. apple was not the first with a touch—screen phone, was not the first to make a tablet that the designs ofjony ive set a standard for everyone else to follow. they we re for everyone else to follow. they were expensive and quite inflexible but they absolutely led the way. he and steve jobs are called the lennon and steve jobs are called the lennon and mccartney of apple. no doubt the impact they have had on peoples lives on consumers lives around the world but i wonder if he might have lost his mojo. we seen sales of the iphone falling and changes in the smallest fashion. in recent years there has been less of an impact from him. it is difficult to come up with a revolutionary product after revolutionary product. they brought out a new computer last month, showed off a new compu

that says apple askis a service compy now. >> let's not act there is not a relationship between jony ive and company. he gave an exclusive interview saying paapple will be a cliento his and not jony has nothing to do with apple products in the future. >> i think jony has not been taking center stage a lot of these product announcements. they bring up a lot of other product heads. he actually narrates the one-minute video the last two years so i suspect something-the-something in the works for years now. to your point this iphone is 12 years old or something like that basically the form factor has been fairly consistent the last few years. we know samsung tried to do this foldable thing there has to be some bold strokes in the high-end smartphone we know placement cycles are elongated so have to be new designs to come out. you said one of your biggest worries on the hardware front there is a much lower priced phone that does the same stuff in the areas they want to grow in china and india there are much more lower priced phones made by locals that sort of thing and in this trade war envir

>> this is the biggest lost since steve jobs, it cannot be understated that jony ive was the productionary. he was the one that had the rubber stamp of approval to say we are launching this or not launching this, it should work this way or not, what it would look like, everything from the software to the hardware, to the new apple park campus. nuance wants here is -- here is that he has basically been out of the door the past few years. this is kind of a big moment for apple because they are doing a bit of a pivot. they need their transition to services and content to work. is this the right time for ive to move on or the worst possible time? think there is any good time for the most key person at a company to depart. if he was going to leave come it would happen eventually, and this seemed like a carefully orchestrated land, by -- plan by spreading this across four years. i have seen a lot of the discussion about this, that they don't need jony ive anymore because they are a services company. services and software run primarily on apple devices. if they don't have any devices but th

is big news jony ive had a tremendous profound impact on this company. he had a key role in designing a lot of the key devices that are in your living room. analysts say they have now sold more than 70 million watches it's a multibillion dollars business in its own right. i think one question for investors today is now that jony ive will no longer be an apple employee, who do you think can fill those shoes >> andrew asked him on "squawk box," he said when i was thinking about departure, what would happen if the ceo if tim cook all of a sudden -- we spent so much time talking about steve jobs but here's what jean muenster said >> it was tim cook, the stock would be down 25%. this would be -- there really is nobody in to fill tim cook's shoes. >> down 25%, josh. that's coming from a buy who is very bullish on this company and says they don't have a plan for cook >> yeah. so cook took over in august 2011 obviously under his watch now there's been some pretty big changes. retail, legal operations, now jony ive it is, i think, important to remember that his t

let's talk about sir jony ive. conservative. let's talk about sir jony ive.ne this morning. arguably this man here, and many people may not be familiar with him, he was more important to make apple than steve jobs. he created a new product class. tim cook said he was invaluable and one of the most important people and sojony ive says steve jobs was his best friend so says steve jobs was his best friend so they had a great creative, commercial and creative relationship. he had his own company and worked for apple and then apple hired him and he started to lead a design team and he was behind the ipod, the iphone and the imax series. —— imac. he created those looks. and subsequently imitated by many other brands. some people might say that perhaps now a fresh pair of eyesis say that perhaps now a fresh pair of eyes is needed because comic you know, sales are falling. —— because, you know sales are falling. in the last year this article says that a0 $.6 billion was spent globally on purchasing apple products. not bad, considering the company he joined was almost

big news here in cousan francis area joni ive will depart apple later this year. >> not only the high departure of recent months what is going on there a power struggle is it or what >> you look at that core group i would point out a lot of those guys, it's tim cook, jeff williams, you think of phil shiler and eddie crew. a team of lieutenants who have stayed loyal but certainly this is a big move. jony ive and think of a person who is certainly behind the look and the feel of so many products that we know not just that but as they point out here, also a guy who played an instrumental role in the 5 billion campus in cupertino and a big shake-up here for the products they have and going forward. >> not just there. wall street is paying attention. 1% move lower in the stock we are seeing not every company where you would see the chief design officer have an impact on the stock. >> not every chief design officer could be worth to the market $9 billion. >> there you go. >> step back a second and say is his departure worth 9 billion dollars in apple's value in terms of the net value of wha

meeting happening tomorrow. >>> apple shares dropped in after-hours trade after the chief designer, jony ive, said he would leave the firm. he worked closely with steve jobs and designed the look of major apple products including the iphone and the mac computer. ive said he will start his own design company that will continue to work on apple products but as an independent operator for more on this departure, head to cnbc.com. >>> switching to the telecom sector, orange has sold its remaining 2.5% stake in bt for 486 million pounds orange gained a stake in 2016 when bt bought ee. you can see that bt shares are down 1.2% today in trading orange flat on that news. >>> mateo salvini says he holds no prejudice or grudge against the infrastructure group atlantia as it seeks to get a stake in the troubled air carrier, air italia. his comments appeared in contrast with his fellow deputy prime minister, luis dimaio. he said that would not an desirable investment partner atlantia never expressed interests in air italia but it could rescue the carrier in a bid to amend relations with the italian gover

>> 27 years for jony ive.gned pretty much every iconic device came out of apple the last 15 years. he was part of trinity of top executives at apple. you say tim cook and we know iphones sales are slowing. they have plateaued. there is a shift to services. some say with jony ive leaving, gives him more of a portfolio to design for others while also still designing for apple. connell: will be a client in his own business. you're right, the shift to services is is real. susan, good reporting. thank you as always. susan li. melissa: pitching their ideas to the nation. some are saying last night's debate may have cost former vice president biden his front-runner status. we'll talk to former dnc chairman and pennsylvania governor ed rendell. connell: president trump meeting with vladmir putin, the president of the russian federation for the first time since the release of the mueller report. there is fallout from that meeting. we'll have it coming up. melissa: extreme temperatures worldwide. european heat wave is s

financial markets shares of tech company apple have been under pressure after long time designs chief jony ive announced that he's leaving the british born designer has been behind the look and feel of some of the tech giants most iconic products not only the popular colorful eye and their computers from the 1990 s. but also the i pod i phone and i pad apple says i have is setting up his own company. for more of the story let's bring in you have scored our man on wall street yes how will this departure impact a company whose entire marketing strategy is based on the unique design of its products. yeah was crucial to bring back apple in the ninety's from near bankruptcy and jim well that's your hinting the devices if you look for example of smartphones the i phone or the samsung devices for example are not that much different if you look at what those devices can do so design is king in that regard to but since 2010 was the introduction of the i pads apple did not really have a new killer devise out and the decision still that johnny ifas leaving the company is a clear sign that f.l. is not so

at the time he writes and just before we go apple's longtime design chief jony ive is leaving the company he helped shape british form design a has been behind the look and feel of some of the tech giants most iconic products over the top of a couple full imax computers prohibit them from the 1990 s. also the ipod i phone and i pad apple says i is setting up his own company. good luck to it and nice doing business with it. does something nice for empires computers or dealing with any of that i killed many civilians i mean the irish coming clearing my father says i was a student because i wanted to build a life for myself latisse the polish for suddenly life became alledge the kind of sob. providing insights global news that matters d. w. made for mines. he'd have to get through the bundesliga break without a football thanks again. let's. play some excitement emotion not suck. it strains a nightly lens. of the results on t w. frankfurt. international gateway to the best connection self in road and rail. located in the heart of europe you are connected to the whole world. experience outstan

one thing that's notable is not the fact jony ive is leaving but people are rolling up to the coo not the ceo and tells you what the structure looks like >> kevin, do you think it's a sign that this company is now more of a software services company, less a hardware company? >> they wish that could be the case investors do, too. the margins are much higher. i still think it's a big hardware play. i don't think ive leaving is that big of a deal i got to watch him design products the look and feel is at least 50% him. he was not a very nice person to work with. i'm just being honest with you but he and jony together created the look and feel of what apple is today obviously ive maintain it had through the different iterations of phones. i remember seeing that phone sitting on a table and its first iteration and at least half of the pain and misery in creating it came from jobs himself. so my thought for this now is for the company to go out and recruit somebody new and fresh and different. make it a contest, make it a global contest to hire a new team, get lots of press. it would be ver

get the timing right and just before we go apple's longtime design chief jony ive is leaving the company he helped shape british form design a has been behind the look and feel love some of the tech giants most iconic for us over the hump of a couple full imax computers prohibit them from the 1990 s. also the ipod i phone and i pad apple says 5 is setting up his own company. good luck to it and lies in business with it. how can a country's economy grow and harmony with its people and the environment when there are duras to look at the bigger picture india a country that faces many challenges and those people are striving to create a sustainable future clever projects from europe and india. the 90 minutes on d w. the quiet melody rizzo's michael light of the mood. ready and in some really. resonate within its soul. the mind and the music. open 1st bond 2019 from september 6th to september 29th. but when it. is you know i mean in your minutes in guiding us. up on with it that. goes oh no there's this indigo mia macy in us all up with all of our. vision again and what it that i'm waiting. r

and just briefly before we go apple's longtime design chief jony ive is the company he helped shape bridgeboro design has been behind the look and feel of some of the tech giant's most iconic products are a need to offer the colorful imax computers for the ninety's but also the i pod i phone and i pad apple says i have is setting up his own company. knows his company could just be working for apple if you just sort of has less nice doing business with you i'll see you again very soon. have a nice weekend. bursts . home to of species it's. a home worth seeing if you can. get those are big changes and most start with small steps. tell stories of creative people and innovative projects around the world. it's limited to green emergency rooms and reforestation. interactive content teaching the next generation of. tight ship. channel surfing. and we're determined to build something here for the next generation. the environment series of global 3000. this is news africa coming up in the next 15 minutes the place where there's no space for criticism human rights watch says that place is wanda from one

at the time he writes and just before we go apple's longtime design chief jony ive is leaving the company he helped shape british form design a has been behind the look and feel of some of the tech giants most iconic products of the talk of a colorful imax computers prevent them from the 1990 s. also the ipod i phone and i pad apple says 5 is setting up his own company. good luck to him and nice in business with. india. how can a country's economy grow harmony with its people vibrant when there are doers look at the bigger picture india a country that faces many challenges engines people are striving to create a sustainable future clever projects from europe and india. 30 minutes on the d w. and. language courses. video and audio. anytime anywhere. w. media center. how's it feel i don't know. where i come from but over that glitters is gold it's just like this chinese food doesn't matter where i am it's a boy with reminds me of home after decades of living in germany chinese food is one of the things i missed the most but that taking a step back i see things a little of difference in our.

and just briefly before we go apple's longtime design chief jony ive is the the company helped shape bridgeboro design a has been behind the look and feel of some of the tech john's most iconic brands or any of the popular colorful high mac computers from the ninety's but also the i pod i phone and i pad apple says i have is setting up his own company. for nurses company could just be working for the future but i've heard of less nice doing business with you i'll see you again very soon. have a nice weekend. the man who stopped the desert yaku someone from burkina faso. she showed farmers how to regenerate their soil putting local knowledge to innovative new. his wartime barren land into a 40 terra forest and our intend our right livelihood for. 60 minutes on d w. o l. you know who today. could change you know the banks. and so was the language of the bank running. speaking the truth. that matters j w made for mines. this is news africa coming up in the next 15 minutes the place where there's no space for criticism human rights watch says that taste is one of the boys here from one w

jony ive is responsible for designing the ipod, and the iphone.ture, with apple as its first client. the transition will occur later this year, with the company logically and 2020. twitter says it will identify and deemphasise tweets that broke its rules from politicians and government officials, in order to strike basically a balance between free expression and accountability. the social media giant says the new rules will apply to those accounts with more than 100,000 followers. critics have said twitter has not done enough to police tweets from politicians that would be removed if a typical user posted them. boeing's shares dropped almost 3% a day after us regulators identified a new issue in the boeing 737 max aircraft, that will delay the plane's returned to service. the aircraft has been grounded since mid march following two crashes that killed 346 people. the company is upgrading the plane's flight the company is upgrading the plane's flight control system, which is the focus of crash investigators. with the africa cup of nations under way,

the dow 30 laggards in this final hour, after the company announced its legendary design chief, jony ive, is leaving to start his own independent design firm. he's been there for years. ive is widely credited with those innovative designs. remember the original imac with the blue and the different colors? there it is. that one. he was the guy who put that together. he also put together the ipod, designed the ipad and the iphone. he's considered one of the most important people at apple and was a close confidant of steve jobs. his new company will be called love from and will count apple as one of its top clients. but that's not apple's only news. up next, silicon valley legend t.j. rodgers is here on apple's decision to move production of its mac pro desktop computer from the u.s. to china? this smack in the middle of a trade war. the never-shy founder of cypress semiconductor here when "countdown" comes back. it all started under this buttonwood tree. twenty-four people came together to sign an agreement that created the stock exchange. just the right elements coming together. it starte

after more than 20 years, jony ive, apple's chief design officer is out.ing his own design company. he said he still plans to work with apple. >> no surprise three bay area cities are among the top five expensive places to live in america. that's the census from move.torgeir. th sdy looked at how much it costs to rent, food, gas in america's largest cities. san francisco had the highest cost ofling, more followed by san jose and oakland. if you're wondering what major city has the living, texas. >> up next, the giants have made a music video. >> ooh. >> they have and it's a knock off from another tv show. we'll show you next. >>> starting players for the all-star team announced today, no giants, no a's. >> hold tight. some will be named adds all-star reserves, but that list comes out later. tonight at china basin, giants hosting the diamondbacks. >> that's a cal fire hat. >> cal fire hat, a big supporter. arizona's carson kelley with a two-run homer. straight away center field. giants lose this game 5-1. ♪ ♪ what show is this again? oh, yes, the opening sc

. >>> apples design chief is leaving the company, jony ive leaving after more than two decades at apple, he will start his own design firm, but he's not completely severing ties. apple says it will be one of its clients. ive is the man behind the iconic rounded designs of the iphone, imac and ipad. not clear exactly when he is leaving. >>> here's a look at our other top stories, bay area voters gearing up to watch tonight's presidential debate, includes two candidates with local roots, senator harris, we will have a live report in about 10 minutes. >>> chp has identified a suspect who shot and killed a man last week. they say that the man is the same person who was shot and killed by park rangers on saturday. the rangers confronted the suspect after he fired a gun at hikers. for maca memorial will be held tonight for the car dealership employees killed on tuesday in morgan hill. police say that stephen lee had just been fired when he shot and killed two managers. tonight's memorial is from 8 to 9 at the morgan hill downtown amphitheater. >>> woman is still surviving from violent attack.

the realreal getting ready to go public we will speak with the ceo. >>> and jony ive is departing applee than 20 years on the job. >>> but we begin in osaka at the g20 with the latest as the president prepares forwhat could be a pivotal meeting with president xi kayla. >> reporter: good morning, wilf. white house officials can't say what will transpire between president trump and president xi in that meeting 12 hours from now. a sore administration official says the working assumption is the result we will get is an agreement to de-escalate tensions and resume negotiations going forward unless president xi refuses to revisit the enforcement terms that the chinese walked away from in early may. that is the contingency point that it hinges on. the markets is an important metric for president trump going into his re-election as evidenced by this tweet that you are looking at that he sent out earlier today while his g20 counterparts were already at dinner one other news point that might be of interest to president trump who would like to say that businesses are moving out of china in respon

the british designer, jony ive, who's credited with helping to turn apple into the world's most valuable up his own business. mr ive, who designed the apple mac, ipod and iphone, will leave later this year to start a creative company called lovefrom, with apple as its first client. this comes at a time when investors have been worried about falling iphone sales. as we heard earlier, leaders from the g20 nations are meeting, but the summit is being overshadowed by tensions between two of its biggest members. the us—china trade spat has dominated headlines in recent weeks. donald trump and chinese president xijinping are due to meet on saturday, the big question is — will it be a showdown or a truce? ive no for more on this i'm joined by shehtha chakraborty ive no chakraborty she's a risk and behavioural scientist. she is based in dc butjoins us from oui’ she is based in dc butjoins us from our studios in hong kong. looking at the behaviours of both leaders ahead of this g20 summit, will it be a showdown or a truce? the world is watching their interactions very carefully. ultimately what's

apple announcing johnn -- jony ive, a designer in the business, a key per year -- figure in apple leaving otherroblems jets from boeing and they need three months to address the max jet issues that have been identified. morgan stanley is one of the banks flying after hours. we can go to the banks after hours, there is a chart with four different banks, deutsche bank in particular having a real surprise in terms of coming through on the stress tests. when they get the green light, they do the buyback. thanks for that. let's turn to the rising tensions in the middle east, after warning it is set to breach the 2015 nuclear deal, iran has temporarily pressed the pause button and is keeping quiet. this is last-ditch efforts to salvage the accord and tehran says they are not doing enough. let's get more with our guest, bob. ambassador, the u.s. has said iran can come to the negotiating table without preconditions, but from iran's point of view, does it see the u.s. as a trustworthy player? and the supreme leader military leader make the that point. they say iran is not violating the agreement a

build theve apple and taj mahal, we will cut your hands off, that is a jony ive line. toan go into other areas. francine: what is the main challenge for apple now? it is actually battery life and finding new products? >> i think it looks as if they are reaching the upper limits of the saturation of the smartphone. there's always the question of the next big product. to be anotherhas one at some stage but broadly speaking they are swinging towards a software and services paired that is for the margin will come from. francine: do you like tech stocks? >> yes. we are overweight in them. francine: things like apple? software which is not exposed as much to the trade war which is less volatile and which has the beautiful combination of being cyclical and defensive at the same time. francine: thank you all for joining us. we are patiently waiting to talk about the democratic debates. up next the debate heats up, front water -- front-runner biden is challenge while kamala harris shines. we will bring you the details. this is bloomberg. ♪ ♪ i was six years old when the preside

jony ive is leveriaving apple. he's launching his own design. >>> some commuters in mountain view are about to get five more years of free rides and it is all thank to google. the community free program is sponsored by google. the company will invest in a total of $30 million. the shuttle program launched back in 2015, provided 700,000 free rides to mountain view residence. >>> no surprises here, the top fiver expensi five expensive places to live. researchers found san francisco is the highest cost of living, more than 4,000 a month on average. new york city, checked in at second place followed by san jose and oakland. if you are wondering what major city had the lowest cost of living. el paso, texas. >>> let's begin of high housing costs. residence get new home of the same rent they are paying now. live back to miami following tonight's debate. the latest from the spin room and with our political analyst, larry. stay with us. >>> round two of the democratic debate. more like round one of the heavy weight fight. t

guy: does jony ive's departure from apple show that this is a company that wants to be a software companyi do not agree with that narrative in any way. a lot of people are saying apple is becoming a services company's their hardware is becoming less important. that is not true at all. that is because apple software and services only run on apple devices. if you look at it from that perspective, apple has the software and services, so if you are consumer, what you do with it? apple hardware has not lost importance in any way. augmentation in something they are pushing to appease wall street while their sales have been down. guy: thanks. great to get your take on both stories. mark gurman joining us out of san francisco. let's turn our attention to another story. that is utx and raytheon. activist investor dan loeb slamming united technologies type with raytheon saying the deal is in conceived. what did he have to say? >> i do not speak with him. he sent a letter to the board and he had some strong thoughts on the deal. in particular, he said he did not make any strategic or financial ratio

. >> can never be too rich or thin >> jony ive minimalism >> he's the guy at the top with who has toign off >> as you're pushing to get these things thinner and thinner, there's going to be a limit. >> and a laptop that's better after 30 years who then is in charge design wise at this company how important is is that going to be? it's the coo, jeff williams, who's overseeing the design group and that's an interesting choice there's no other jono ive. so it's jeff williams, who's more of a seen as not a product guy or stedesigner, but an op rs guy. so it's an interesting choice to have him overseeing the design group. >> an operations guy ultimate insult. >> where does he rank in the great sort of pantheon of industrial designers >> he's up there >> yeah and you mentioned all those products as you started the segment. those are iconic products. they are beautiful and he is certainly a design genius no other tech company has had so many hits when it comes to both the design and functionality of his proteducts. >> thank you "power lunch" tasting menu is ne next don't go anywhere. amazon

then there's some news out of apple that jony ive is leaving the company.tal working with steve jobs for the elegant look and feel of some of the most popular apple products, including the iphone itself, ipad, you name it. the look and feel of some of their bestselling laptops and desktops. what happens now? let's get the read from fox news headline 24/7 anchor on what this could mean for apple's future. normally your star genius, your renaissance guy goes, it's hard the replace that. at least right away. >> it sounds like apple is going to shift strategy. now, they have designs from him for several years down the road. you're not going to see a dramatic shift. but it sounds like they are going to move towards a more design by committee traditional tech design, which is very against what aum has been doipp doing the last 20 years and had a lot of success with. it's a question whether they can keep that going. neil: do you know whether he was the big visionary that even steve jobs used to say is he worth all the enormously great press he gets? >> he does get

jony ive, apple's chief design officer is leaving, launching his own company and apple will be one ofents. >>> new this morning, a new development in what may eventually be an expensive school camp news lost altos. school district has agreed to buy land in the san antonio shopping center in mountain view. the cost would be $155 million. "the mercury news" reports the district still plans to build a school there, but now it's a little less certain that this will eventually house students from bulles charter school. earlier the district reached an agreement to move the school there once a campus is built, but parents voiced heated opposition to the plan, and it was put on hold. >>> moms and dads, a new type of vending machine debuted that may make your life easier. check this out. it's stocked with baby formula, diapers, wipes, and other necessities for families who are away from home. this one is in upstate new york. the company behind it wants to put these in airports and theme parks and museums. that is one smart idea, i have to say. >> absolutely. >>> right now approaching 6:00, pas

. >>> apple's design chief, jony ive, is leaving the company. this man designed the iphone.shley: and many other things. stuart: many other things. thank you. quite right. he's been there for 20 years. back to the steve jobs days. susan: he's pretty much designed everything that's come out of apple for the last 15 years. stuart: what are they going to do without him? susan: that's the question. stuart: is apple walking away from the iphone or will it be a big new redesign for the iphone? we don't know that, but that's the speculation. susan: i think it indicates a shift to services, not hardware, for the future of apple. stuart: interesting. the stock is down a buck but that's not that much on a $200 stock. thank you, susan. >>> nike's profit, nike is a dow stock, profit missed the mark as they say. sales were strong in the u.s. and in china and nike played down china trade risks in its report. down half a percent, 45 cents, $83 a share, nike. >>> how about boeing. the 737 max jet grounding has been extended. they say they might have a software fix by september. the stock is

jony ive, a main that many of you won't know, you will know some of his work, he's been behind appleand the ipod, all of that. he is setting up his own creative business. let me show you him in case you're not familiar. born in london and making a huge success in the united states. that's you he is and i want to show you this graph lower —— i want to show you —— that's who he is. this is 1998 when they launched the first imac. the graph relates to their market value. you can see some of the products him and his team designed. really instrumental in creating apple's unique design. now he is leaving to set up his own firm. lots of questions about what he will do next. an interesting timing because apple is now moving away from products, because many of us away from products, because many of us have the things we already want from apple and they are moving towards services to hope to make more money. things like tv streaming, subscriptions to cloud computing because the hardware, while successful, doesn't make as much money as they want. influencing our lives and we didn't even know it!

. >> apple shares lower after jony ive resigned to leave after 30 years helped design ipad ipod maximumto say analyst writing the major question now going forward, is you around future innovation one of the key visionaries of the apple brand gone in our opinion only adds to the current agita around the story as i said shares down premarket maria, back to you. >> thanks gerri watching that, coming up u.s.-china trade sanctions president trump set to meet with chinese president xi jinping tomorrow, what will the president say, and we are giving you a preview ahead that have meeting investors watching pce in conjunction checking out inflation bottom of the hour personal income spending data all numbers as soon as they hit the tape see the if moving markets this morning right now highs of the morning dow futures up 83. stay with us. ♪ i switched to liberty mutual, because they let me customize my insurance. and as a fitness junkie, i customize everything, like my bike, and my calves. liberty mutual customizes your car insurance, so you only pay for what you need. ♪ liberty. liberty. liberty