this is an important thing for the nova valley per we lost josh apple who was one of our san franciscans we can't for the record to lose much more of our neighborhoods and community. i would strongly support that and i hope you agree with it and whatever restrictions you place on vince he'll squirm but he'll be happy to obligate >> i'll pass around the pictures. >> i think you should keep them in the interest of your marriage. >> thank you for allowing me to speak. i'm michael i've been a resident in nova valley for seven years i want to say on behalf of vince i've known him and went to 80 his taven and he's a great stand up person he building in his community and frairp that's why i continue to go to that bar it's a neighborhood bar and like the gentleman before me we're losing so much of this neighborhood in san francisco this bar here in noah valley you feel you have great neighbors and a really good worker class family to have a beer after work. i hope you agree and noah valley needs to stay the way it is and pass that for san francisco as a whole interest thank you >> thank you. >>

josh, any new news on the deal with apple?here at apple hq in cupertino, california, the ceo did field questions. we have done 23 acquisitions in the past 16 months, we would be interested, also, in a big acquisition, but it would have to make strategic sense for us. acquisitions, we have done 23 in the past year and half. but we'll keep looking for ones that make long-term for the company. he was also asking about product innovation. some share holders were asking, why don't you talk more about the products in your pipeline and tim cook responding, listen, we're not interesting in laying out a road map for our rivals, nor are we interested, he in his words, being ripped off by our rivals. finally, he talked about the emerging markets and the growth the company is seeing there, we talked about brazil, cook said they did less $4 billion in revenue last year. last year, over $30 billion. finally, of course, shareholder were here, a couple of hundred of them. they drove here and flew here. they were to listen to cook. they were a

lipton with more now on what the street is saying about apple these days. josh? elly, on wall street analysts still might love apple's products, but they're not as excited about the stock. apple has been trading, as you mentioned, between $500 and $550 for months. it's causing some analysts to sour on the name. right now 70% of analysts on wall street have a buy rating on apple. that might sound high but it's actually very low for the company. it's five-year average is 84%. but if you own apple, maybe that lack of love from wall street is a good thing. for one, you could see it as a contrarian indicator. in september 2012 remember when apple hit that all-time intraday high of $705? 89% of analysts at that time were telling you to buy. next they cratered 45% to a low of $385 in april 2013. paul hickey says if you own apple you should be happy that buy ratings are down because it leaves room for potential upgrades if the company launches new products and services that excite consumers. apple bulls still think apple is a company capable of creating revolutionary prod

you can expect those investors and all those analysts on wall street to hop back on that apple bandwagon. >> and josh, you have a big story coming up at 2:00 eastern. what can you tell us? >> reporter: i can tell you, tyler, listen, all the buzz right now is about what tech titan is going to be moving into this huge lot bringright behind. thmayor of san jose knows, but not saying. we'll have more on that in "street signs". >> russian president putin annexing crimea today. first, to eamon javers on the money war now between the u.s. and the russians. >> that's right, tyler. we saw this expansion in the designation of folks by the u.s. government. russians in response to this incursion into the ukraine. the president announcing an additional group yesterday that included four of the major oligarchs. and what's interesting about that, that means that their bank accounts are going to be frozen. it's not just necessarily in the u.s. take a look at some of the impact here of the sanctions. first of all, their impacts are frozen. real estate that they hold in the united states is frozen. they can't sell it,

apple for carplay. back to you. >> thank you for that. joshest on an until california. >>> down 148 on the dow. over to rick santelli for the sanofi santelli exchange. >> i'd like to welcome our guest. thanks for taking time this morning. thanks. >> so we have data points start out there. there were big revisions taking away the income and spending from last month, leaving january basically unchanged. february, you noticed things regarding the personal consumption expenditure, which is a fed favorite, versus cpi specifically to renters. tell gl us. >> the gain was 1.2% but we saw a week cpi for the same month up 1.6%. the gap is between the cpi focuses more on or least higher contribution to housing, and which a lot of that is rent. rent of a home is running near 3% year-over-year which is well above the rate of income growth. the pec has a smaller component and higher medical care component moderating through the soft economic data. >> we have the most renters since '95. >> the lowest since then, which implies households are renting and that

our josh lipton was there and has more on what went on. >> reporter: apple shareholders drove and flew in from all around the country today to listen to ceo tim cook speak at the company's annual shareholders meeting. shareholders gathered at the company's headquarters in cupertino, california, to vote on ten proposals, including executive compensation, company practices, and its 2014 stock plans. they also voted overwhelmingly to re-elect their directors. toward the end of the meeting, tim cook fielded questions from shareholders who pressed the ceo on why he didn't speak more about new products in the company's pipeline. cook says apple didn't want to offer a road map to its competitors, and that the company in his words gets ripped off enough by rivals. he also emphasized that the company is spending a lot more money on research and development, which he says demonstrates its commitment to product innovation. there is also a lot of speculation about what apple's next product could be. a wearable device, an improved set-top box, or maybe a new service such as mobile payments. some an

tell us more about apple's role in south by southwest, josh. >> yeah, sarah, listen, this could be theunes festival to the u.s. for the first time. the free festival is going to run for five nights beginning march 11th. acts include cold play, which will play on tuesday. sound garden on thursday. country fans can check out willie nelson on saturday. i caught up with eddie cue, apple's man in charge of itunes, who says it's the popularity of itunes that makes this festival possible. >> the success of itunes has allowed us to do something like this. so that's the beauty of it. we love that itunes has been so successful that artists are excited about participating in this. and they realize that, you know, we really care about music and care about, you know, their craft. and this gives them a real opportunity to do something special. >> now, the company's services and software business, which includes itunes, did $16 billion in sales last year. it's about 9% of total revenue. remember, big tech all won a piece of the live streaming music business. google streamed its first music awards on

apple has been an underperformer. if you want to address all the things that josh and murph and pete have just talked about, that fact that you've got tesla absolutely exploding to ludicrous speed, well, you've got a stock like apple that has this base of some 7 or 800 million people that buy things from them every month through itunes and so forth. they go to the app store all the time as well. and it does seem very undervalued given the amount of folks that use their products all the time, love the products, and yet the stock just languishes. >> here's the call. iphone 6 presents a significant opportunity. third bullet point in terms of the upgrade. that's going to be good enough? is the iphone 6 going to be the key, the ticket? >> what we'll do is get what we usually get. get a $75 pop at some point once the actual phone is going to be out there. i don't know, judge, if that comes from $538 a share or if it comes from right around $500 a share. obviously apple, tim cook and the board have defended the stock, used their money to buy shares down around the 500 level. so, in other words, defended the 500. if the stock

as josh lipton reports, there are secret agreements to not poach employees of large tech companies. >> it started with apple and google entering into an alleged secret agreement promising not to poach each other's employees. now court documents show that this alleged tech wage conspiracy scheme could include microsoft, oricle, comcast and others. the suit is being brought by attorneys representing 64,000 tech workers. a lawyer says they are seeking $9 billion in damages. they said there was a behind the scenes agreement. in 2007 when a recruiter from google contacted an apple employee. steve jobs forwarded the message to eric smicht. i would be please fd your recruiting department would stop doing this. they fired the recruiter within the hour. bill campbell wrote google's about steve jobs, steve called me again and is [ bleep ] that we're recruiting his browser guy. he said jobs told him if you hire a single one of these people, that means war. now when silicon valley executive is distancing herself from the controversy. cheryl sand burg filed a decoration with the court on friday of last week that pins th

josh lipton live in san hoe for us. >> yeah, all started with apple and google entering into an alleged secret agreement promising not to poach each other's employees. now, there's a report the alleged tech wage conspiracy could expand to include microsoft, ebay, dell, ibm, and comcast, the parent of cnbc. this, according to pando daily. a lawsuit alleges some of the best known companies conspired to suppress compensation by agreeing not to solicit each other's employees between 2005 and 2009, in violation of federal and state antitrust laws. for example, when a recruiter from google contacted an apple employee in 2007, steve jobs forwarded the message to eric schmidt, google's former ceo saying, i would be pleased if your recruiting department would stop doing this. google responded by firing the recruiter within the hour. now, one prominent silicon valley executive is disassociating herself from this controversy. cnbc has learned that facebook's sheryl sandberg filed a declaration with the court on friday of last week that pinned the scheme specifically on two google executives, sandb

apple. matter of time according to marcus. men time, josh sweets, i like int intel.ws and they spend money like a drunk sailor. i wouldn't know anything about that. if you want, join the conversation here on "worldwide exchange." get in touch with us by e-mail, by twitter. now, scott pedler joins me now. scott, quickly, i know you cover the big names the likes of google. where do you see value in those names in particular? >> thanks for having me, julia. so in terms of the bigger names, the more marquis names in the technology sector, whether you're talking about an apple or facebook or google or twitter or yahoo! of those five names, we have two recommended as buy. so we like apple here, especially ahead of what we expect will be announcements related to increasing amcations of capital, related to buybackes and dividends, as well as perhaps new category announcements coming in the next few months. we also like yahoo! we upgraded that stock relatively recently. we see the alibaba ipo moving ahead and we see that as a catalyst for the stock moving forward. >>> morgan

josh lipton, thank you very much for joining us. >>> big news we told you about yesterday was that apple was trying to cut a streaming tv deal with. well, that got your next guest's attention. he says if apple really wants to get into streaming tv, why don't they just buy netflix? joins us is john ogg and also our own herb greenberg. great to have you with us today. john, i want to ask you to make your case. why this would be a whole lot easier and maybe cheaper in the long run. >> well, it's very simple. apple is looking -- everyone's trying to figure how apple can make the next big jump. netflix is growing crazily as far as -- you know, as far as media companies are concerned. tim cook hasn't really done anything. i know steve jobs told him not to listen to the critics and do what he wanted, but he's doing nothing. he's just kind of sucking wind right now. and frankly, he was super excited about the $1 billion that apple tv generated last year. so i'm trying to figure out how excited he's be about $6 billion next year in netflix revenue. >> i'm a big fan of john's and we tend to think the same on a lot. >> which automatically d

josh lipton joins us with details on this incredible story. >> it started with apple and google but wets showing this alleged tech wage conspiracy could expand to include microsoft, oracle, ibm, and comcast, the parent of cnbc, among others. a class action lawsuit brought by attorneys representing 64,000 tech workers in silicon valley alleges that tech titans conspired to depress compensation by agreeing not to solicit each other's employees between 2005 and 2009 in violation of both federal and state antitrust laws. a lawyer close to the case telling us they are seeking $9 billion in damages. now one prominent silicon valley executive is distancing herself from this controversy. cnbc has learned that facebook's sheryl sandberg filed a declaration with the court on friday of last week that pinned the scheme specifically on two google executives. sandberg saying she was contacted by the google executives who, quote, expressed concern about what was described as the perceived rate at which facebook could hire employees from google. sandberg refused to cooperate with google's offer for a

apple could still perform. but there's other names. you look at the housing right now, they've put up good numbers and they're not performing. so to murphy and josh'sedit they've been on that. these things have not performed. they're right. i've been wrong holding onto this name far too long. gave me at shot at 24, i didn't take it. probably have to exit soon. >> this stock has not participated. now it's caught up in the mike mayo stuff that's going on after, you know, they failed the fed's test. what do you do now with a name like that that you continue to like but you have to make a decision at some point whether to give it up and go with something that's going to help you more in the playoffs? >> the irony they're the highest of the best capitalized bank of the big five, right? so this is not good news, but the stock is down 13%, their ratios are perfectly fine well above the threshold of 4. and it's -- why i like it is the emerging markets exposure. that's my portfolio. my entire portfolio is about global recovery. and it's not going to happen in the first or second quarter, but i think it's going to happen in the back half of the year. so i'm

josh. look at that. >> come on. count with me, america. oh. >> four. five, six! >> go nowhere. i also like strawberry, boysenberry, six. >> go nowhere. sweet orange marmalade, appleapricot, peach, blueberry... [ male announcer ] tim and richard smucker grew up knowing that with so many delicious varieties, it's tough to choose just one favorite. apricot pineapple... [ male announcer ] for five generations, with a name like smucker's, it has to be good. [ male announcer ] for five generations, ghirardelli squares chocolate... ♪ a little rendezvous savor our luscious filling combined with our slow melting chocolate. ♪ that little reward for all the things you do. ♪ only from ghirardelli. i dbefore i dosearch any projects on my home. i love my contractor, and i am so thankful to angie's list for bringing us together. find out why more than two million members count on angie's list. angie's list -- reviews you can trust. mornings should be easy. new eggo bites are ready right out of the bag. packed with flavor, they're a tasty part of a complete breakfast... they're the easiest eggo ever. leggo my eggo! it's built to be as fast as it is strongor advil. and fights pai