this is bloomberg. ♪ >> is mark gurman from bloomberg technology. taking a look at how covid is impacting apple's return to office plans, apple's work on new tools to replace your bank as well as the company's plans for new iphones, apple watches and more. apple is delaying its plan to bring back all employees to its global offices by one month at minimum, pushing back the return from september to october at the earliest. the company is making the change in response to rising covid case numbers both in the u.s. and globally as well as the delta variant of covid could it pledged in any amount to staff that would give them a one-month heads up on when they will be required to return to offices. apple's return to office set up has not changed. it is still asking staff to come back to the office for three days per week but it is offering up to two days per week of remote work. apple wants to continue to replace your bank and other financial services with new tools developed alongside goldman sachs. the companies are working on a new service called apple

we are joined by mark gurman. basically, how will this work? so easy and nice that no one can resist it? mark: thank you for having me. my biggest concern here is people are going to start spending money they do not have. it's going to be very simple. you make a transaction with apple pay. i will use this example. you buy something for $1000, two options. the first one is part of the apple pay later system and it will be four installments over eight weeks at 0% interest so you would pay every two weeks $250 to pay down that $1000. there is also apple pay monthly installments which you can spread that $1000 not over eight weeks but over several months and that will have interest. this will be u.s. only to start and it will be based on loans from goldman sachs and over time, you can imagine that they will expand this internationally. >> what are the synergies in this partnership? mark: goldman sachs will do the underlying work providing the loans to the merchants and whoever people are buying from. it will integrate with the credit cards that are

i want to bring in mark gurman, who broke this story. how will this work? mark: you will be able to, when this eventually launches, sign up for this pay later service. you will make a purchase, and let's say it is $100. if you're part of this pay later program, you will have two options. one will be apple pay in four. what you will be able to do is split that up into four installments of $25. you have to pay four times every two weeks. the other program is called apple pay monthly installments. this is a longer-term program, if you make a sizable purchase, thousands of dollars, that you want to pay for over several months. in that case, apple will charge interest and apr. goldman will be the one handling that as well. emily: if you have an iphone, i am sure you have noticed, it is increasingly easier to just use apple pay with zero friction really. i'm wondering what some of these other companies will have to say about it? mark: this will definitely be a new layer. if you use any credit card you have in apple pay already. you do not have to use an apple card

haidi: mark gurman. an in-depth look at the power struggle between regulators and the technology sector, do not miss out on our upcoming bloomberg tv vessel. you can catch that, starting this weekend at the times on your screen. coming up next, the former deputy u.s. trade representative, wendy cutler, joins us to discuss countering china's influence including this potential digital trade deal. this is bloomberg. ♪ kathleen: the u.s. will issue an advisory this week warning american companies of the increasing risk of operating in hong kong. sources say that includes beijing's ability to gain access to data that foreign companies store in the financial center. to discuss further, we are joined by the vice president at the asia society policy and toot and former acting deputy u.s. trade representative with many years of experience working with asian leaders, asian policy. what about this morning on hong kong stocks? it is one of many things the white house has been pushing out against china with. what do

mark gurman has more on this. markets seem to be focused more on the negatives here but there were plenty of positives as well. mark: the positives happened in the third quarter. they reported $80 billion in revenue, shattered even the most optimistic expectations. the iphone 12 generated 39 billion dollars in sales, which is a landslide all-time record for the june quarter. investors and analysts are looking towards what is next. apple said that although they will grow double digits over -- year over year for revenue, they did say the growth rate is going to slow primarily due to slower growth in services. services grew in the third quarter by 33% so by one third, because of continued usage of gaming and apple tv and other programs to keep people entertained during covid lockdowns. now, we are getting out of those. services bend will be a little bit less and that will bring down the revenue growth for the current quarter but at the same time, that all being said, i'm not saying it is a decline. it is still growing