and back to kayla tausche at the apple event in san francisco. yla. >> reporter: brian, we're beginning to get some of the details about the long awaited iphone 7. apple's head of marketing phil shiller currently on stage following a video where the chief design officer of apple, johnmy ive, described it as a gorgeous device, as a deliberate evolution of apple's original founding design for the iphone. some of the advancement in this device two new black colors will be available. phil shiller saying they are very high-tech colors that will be available in addition to gold, silver and rose gold. and then he talked about introducing a new type of home button. the company will be incorporating the force touch technology that apple watch users will be familiar with into that home screen button that is the central command for really everything you do on the iphone. he's now moved onto talking about the new model being water and dust resistant. something that the chattering classes had been expecting but had not been confirmed quite yet. so those are th

and then kayla tausche in new york getting ready to talk exclusively with barclays jes staley.kayla. >> hey, carl. well, on a day when the market is grappling with the steepest losses since that brexit vote and this continued specter of central bank tightening, who better to talk with than a ceo of a company who's value has been cut in half by brexit itself, interest rate sensitive about what he actually thinks will happen with rates, global trade and much more. that's at the top of the next hour. we'll be right back. ♪ americans are buying more and more of everything online. and so many businesses rely on the united states postal service to get it there. because when you ship with us, your business becomes our business. that's why we make more ecommerce deliveries to homes than anyone else in the country. the united states postal service. priority: you it's a very specific moment, the launch window. we have to be very precise. if we're not ready when the planets are perfectly aligned, that's it. we need really tight temperature controls. engineering, aerodynamics- a split seco

i'm carl quintanilla along with kayla tausche and jon fortt. guys, good morning.pple is set to lift the curtain on its latest lineups. this as the company's reportedly boosting part orders for the newest iphone 7 in anticipation of higher than expected demand. jon, let's start with you on this one. can we read this tea leaf accurately? >> i think we can. i'm worried, carl. if the headphone port is removed as we expect, this is apple's most controversial design change ever, and i say that because yes, they have removed floppy drives. yes, they have removed optical, but did it from computers that had tiny market share. the iphone is the trail blazers in smartphones and touch screen devices. currently there are two ways to get information off this device, the screen and the headphone port. the lightning connector, too. you take one of those and you've dramatically reduced the number of ways you can interact with the device, a square reader, microphone, any number of devices. will they end up being right in the long term? maybe. but big deal. >> i just don't get it. t

kayla tausche out today. a lot to get to in silicon valley, but our first story will involve deutsche bank, germany's biggest lender. company ceo john crien trying to reassure his staff. but shares is jumping back, up almost 8% after jumping to all-time lows. our wilford frost has been joining this story from the beginning and joins us from the floor with more. >> reporter: so let's revisit those basics once again. it really explains the story well. as we know, capital, that's assets less liabilities. liquidity is percentage of assets in cash or cash equivalents. deutsche bank has lots of liquidity, but a worrying lack of capital. yet, yesterday, it was liquidity fears, predominantly that moved the market. and many analysts this morning coming out to highlight the strength of their liquidity position, hence one major reason for the bounceback in shares today. capital, though, remains a massive issue. and that's actually what has understandably driven the 50% share price decline this year, as a whole. in the s

jon fortt and kayla tausche at post 9. here along with confide's president and co-founder john broad. good morning to all of you. our top story is apple moving higher again today, the top gainer on the dow. stock's the number one winner on the dow this week, up 6%. it's been a big few days for tim cook and company, rolling out the latest ios yesterday. sprint and t-mobile reporting historic preorders for the iphone which hits store shelves on friday. cook was on "good morning america" this morning talking about his vision for the future. >> wireless is the future. and so, when you decide on what the future is, you want to get there as soon as you can. you know, why put it for the consumer? well, that plug, that jack takes up a lot of space in the phone, and there's a lot of more important things we can provide for the consumer than that jack. we can provide a larger battery. the stereo speakers i mentioned, those were also enabled because the jack is not there anymore. >> mike, someone said this morning, it's been a while

i'm carl quintanilla along with kayla tausche and jon fortt. guys, good morning.rtain on its latest lineups. this as the company's reportedly boosting part orders for the newest iphone 7 in anticipation of higher than expected demand. jon, let's start with you on this one. can we read this tea leaf accurately? >> i think we can. i'm worried, carl. if the headphone port is removed as we expect, this is apple's most controversial design change ever, and i say that because yes, they have removed floppy drives. yes, they have re

i'm carl quintanilla along with kayla tausche. we'll be joined in just a moment.g at what appears to be the third consecutive day in which a 1% move in the s&p is possible. 2135. we're down about 23 points. dow is down 181 on decidedly negative breadth. one component, apple, is in the green on the dow. sara and david are at delivering alpha. we'll bring you the highlights, talk to mark carhart and ubs's jonathan patrick. >> the reviews are in. apple getting ready to release its latest iphone 7 and iphone 7 plus to the public. we'll put the new device to the test, right here. >> wells fargo is in the hot seat this morning after announcing it will eliminate all those product sales goals for retail bankers effective january 1. we've got the latest on that unfolding controversy. but first up, cnbc and institutional investor hosting the sixth annual delivering alpha conference in new york city. sara eisen and david faber are there. good morning, guys. >> hi, carl, good morning. a lot of news being made here. really headlined by jack lew, the treasury secretary. speakin

kayla tausche, jon fortt and carl quintanilla. a busy day, apple, of course.ent, but first the markets. dow is slowly gaining, 56 points ahead of the fed decision this afternoon. we're going to watch that. >>> apple news. according to "the ft," apple has approached british carmaker mclaren about a possible acquisition. apple reportedly considering a full takeover or strategic investment in the company. mclaren reportedly valued around $2 billion, which would be apple's largest purchase, as you probably know, since beats back in 2014. joining us this morning with more, ceo jason capital cancer, josh elman, a partner in greylock partners, joining us as well. good morning to both of you. we're all sort of digesting this now, jason. but what does it mean? does it add fear to the factor that they are truly serious about project tighten, or a car project? >> yeah, well, last week, we found out that project titan was being reorganized and that maybe they were changing their focus on becoming a provider of software and autopilot and that kind of stuff, so it felt a li

kayla tausche in san francisco. us to discuss what else to expect from apple is angelo of global market intelligence and channing of capital advisers. from a stock perspective as somebody who owns the stock, heading into this kind of announcement what are your expectations in terms of what it's going to mean? >> we think the expectations are low. we've been doing this for years, and i remember a time when expectations from a product development and from an earnings trajectory have been this low but from an investment standpoint we think this is good. look back at the april quarter analysts starting to bring down their estimates and able to kind of leap over a very lowered bar in july, gross margins were in that 38% range which basically conveys stability, and, you know, going forward the analysts have not raised their estimates. we have a low bar for the remainder of the year and so we think the stock pretty much treads water in here as everyone prepares for that new launch this time next year. >> well angela you're

along with kayla tausche and david faber at the new york stock exchange. sara eisen is off today.ay for stocks since june 27th. we have a full 1% loss. potentially breaking that streak of having no 1% moves for about 44 days. 10-year breaking out of a range as well up to 1.66. got economic data crossing the tape. over to rick santelli. good morning, rick. >> good morning, carl. we're getting our final read on wholesale inventories for july. our mid-read was unchanged. guess what? our final read is also unchanged. when it comes to wholesale trade for the month of july we're looking for a number slightly positive. we ended up with a number slightly negative. down 0.4 and last month we lost a couple tents from originally 1.9 to 1.7 and that 0.4 actually is the second worst trade number of the year outside of january which was down 1.9. we are breaking out of ranges in all sovereigns, pay close attention, especially if europe. carl, back to you no thank you for that. rick santelli. it's been a busy morning in terms of fed speak. to steve liesman sitting down in washington with a speci

let's bring in jon fortt and kayla tausche who join us here at post nine to talk about dorsey's commentsnts a couple weeks ago. david's report today. all building to something. >> to something, but the question is what. when i look at this i wonder is it more of a consumer leaning company, kind of advertising justification, or an enterprise company for which twitter makes the most sense? because it's got to be somebody that's not looking to buy growth. because twitter doesn't really have growth. i think on the facebook side of things it would be more about scale. now, facebook in particular doesn't really need scale. but others trying to compete with facebook, the likes of google perhaps would. and then on the enterprise side you have the likes of salesforce. their justification would be likely to be more like microsoft's justification for buying linkedin, being able to put a couple of different data sources together, being able to get more intelligence about what customers might actually want, being able to sell that database in essence over to customers. but it's a tricky one. >> yeah,