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you miss to the larger form factor which is what the max will adjust.n you have the r, a new thempt apple is taking to more affordable price point. i think it is smart. cannibalize the ace -- will this cannibalize sales? >> apple does not really mine. i think it is differentiated from the standpoint of feature set and the colors. to one consumers will go or the other. what is important is it does not matter which one of the x you bu apple is selling you the next generation experience. emily: what are the risks for apple? what are roadblocks? we did not see shares react well. they don't usually on product announcement days. the company is that a trillion dollars. is up the only way to go? could there be another direction? >> there's a lot of attention on the service side. this is what else they have done with the different models, the larger screen, the tv service, maybe the other part is china and the economic and political situation with china. you saw today how much china means to apple. the fact they came out with the model that has two sims. doly: i

you missed that larger form factor, which is what i think the max will address this year. , the newhave the r attempt that apple is taking to the more affordable price point, and a smart one, too. emily: but you think it could cannibalize sales of the more high-end phones? >> apple says as long as you buy apple they don't mind. i think it is quite differentiated from the standpoint of feature set and the colors itself. consumers will go towards one or the other. i think what is important is it doesn't matter which one of the iphone x you buy. apple is selling you the next generation experience when it comes to iphone, so they will be happy with either one. emily: what are the biggest risks ahead? what are the roadblocks? shares didn't react particularly well. there is usually not much reaction on announcement days. if the company is already at $1 trillion, on the top of the world, is up the only way to go? or could there be another direction? >> there's a lot of attention on their services side. this is what they have done today with the different models. the larger screens, when are we

the castle report i'm asked as are time now to turn to wall factor of wall street dot com wolf welcome back thanks for having me back mark max all right let's talk about argentina they issued a one hundred year bond recently promptly started selling off it looks like it's a absolute junk what's the update. well like many emerging markets argentina has trouble borrowing in its own currency cheaply because it continues to destroy its own currency and so it bars in a foreign currency and a year ago well he ago it was able to sell all kinds of bonds denominated in u.s. dollars and some other currencies and one of those bond issues was a century bond as hundred year bond you mentioned you know argentina defaulted on its foreign currency dead about six times in the last six decades or so so on average you know you'll get a default on its foreign currency debt about once every ten years and a hundred year bond you know he can figure out how many of you false that will be before the bond matures so people bought that bond because at that time interest rates were really low in europe they were it was just zero and that bond offered a