let's bring in gene munster. what are your take aways so far?well, melissa, spoiler alert from your viewers, have therm turn the volume down because i'm going to map out what the stock will do for the next six to 12 months over the next six months this will be about anticipation of the new phones and analysts were digging into that. likely three new models in september, higher asps, they hinted to that as well if you think about the next three to five years, it will be about services cook was all over that and separately the buyback which they'll probably accelerate faster so when you put this together, it's an a-minus but setting up for an a-minus quarter for several of those to come in future quarters. >> is this what they said on the conference call, jean? did they say they were going to come out with three new phones at higher-than-average selling prices or is this what gene munster believes they will do? >> so what they said was that iphone x was the most popular phone in china and is an indication of the price elasticity strength they have

. >>> gene munster says the meeting was a circus and facebook is dead money he will explain why. we're live fm rothe nasdaq in new york's times square. much more "fast" after this. it took a whole lot more. that's why i switched to the spark cash card from capital one. with it, i earn unlimited 2% cash back on everything i buy. everything. and that 2% cash back adds up to thousands of dollars each year... so i can keep growing my business in big leaps! what's in your wallet? at&t provides edge-to-edge intelligence, covering virtually every part of your retail business. so that if your customer needs shoes, & he's got wide feet. & with edge-to-edge intelligence you've got near real time inventory updates. & he'll find the same shoes in your store that he found online he'll be one happy, very forgetful wide footed customer. at&t provides edge to edge intelligence. it can do so much for your business, the list goes on and on. that's the power of &. & if your customer also forgets socks! >>> welcome back to "fast money. shares of gm soaring nearly 13% for its best day ever. phil lebe

the castle which dates from the sixteenth century one of the largest and oldest castles in munster land. and this is known as the versailles of westphalia not kill sion palace of a real christians. several of the rooms are open to the public. in others people study because not kill palace is also home to a state run technical college. and stand on chance four thousand five hundred kilometers of bicycle paths one popular destination is valid off the horse capital of germany and tourists from all over the world come here because it's a center of horse breeding and equestrian sports. some one hundred thousand horses are said to live in manchester land more than almost anywhere in europe horses have been bred at the north rhine-westphalia and state stud for nearly two hundred years . you can take a tour of the stuff farm. there are one hundred sixty horses in residence used as breeding stock and to train professional writers. but whether on a horse or a bicycle the best way to explore monster land is in the saddle. and. i've got another appointment now i'm here to meet city councilor much u

on the last leg of our tour of north rhine-westphalia look us stay go we'll find out why munster is considered germany's cycling capital. the first stop on this special edition of chicken is cologne. today i am in cologne famous for its cathedral. and tours for its carnival celebrations with over one million residents it's the biggest city in the state of north rhine-westphalia. rumor has said that there are people who think of cologne as too loud too cheerful and too wild and then there are those who love exactly that about the city today i want to get to know the famous cologne way of life that either puts visitors off or fascinates them let's see what it does for me . cologne cathedral is much more than just a city landmark and symbolizes the city like nothing else can be seen from miles away and lets the locals know even when they're still on the freeway that they're coming home. by the way it even has a house number. but it's a magnet for tourists to the cathedral it isn't just colognes most visited site it also record in all of germany six million visitors every year they'd be on to some

emily: gene munster, as always, thank you for joining us., jen hyman joins us to talk about how she is making changes to ensure all employees at the start of are treated fairly and that other companies should too. later, picking up the slack. how the online office platform has been bringing users on board. this is bloomberg. ♪ emily: the u.s. is in the midst of unprecedented strength in the labor market. the approach jobs report shows the unemployment rate dipped below 4% for the first time in 17 years. the workplace is changing. in 1960, only 20% of mothers worked. children% of american live in households where all adults are employed. the majority of workers spent more than 40 hours a week on the job. productivity has increased 440% while benefits like leave and health care are not guaranteed. in the tech industry, there is a rising split in the workforce. competitive pay with great benefits or salaried workers while warehouse and hourly workers are left with little or no incentive. jennifer hyman wrote about this issue saying our hourly w

in today's pro 14 semifinal there was an incredible close match between munster and leinster. early lead before good play from simon zebo allowed munster to reduce arrears through keith earls's score. two penalties from ross byrne and another from joey carbery gave leinster a healthy lead, meaning gerbrandt grobler‘s converted try was only consolation. as leinster took the match 16—15 to set up a meeting with the scarlets in next weekend's showpiece in dublin. also coming up in the programme... british rider cal crutchlow has a big spill in qualifying ahead of tomorrow's french motogp at le mans. and rugby league's magic weekend is even playing tricks on the eyesight of the officials. seeing is believing at st james's park. the first two weeks of the giro d'italia have not gone the way that chris froome had hoped but today, he had his first stage win in the event. froome is now up to fifth overall and says he will keep racing to the finish in the hope of becoming the first briton to win the race. nick parrot reports. chris froome wants to win the due wrote italia to complete a

dnipro14, munster ove rca m e harlequins. dnipro14, munster overcame edinburgh 20— 16.rlets one 43— eight in their reporting play—off quarter—final against the cheetahs. elia play—off quarter—final against the cheeta hs. elia viviani play—off quarter—final against the cheetahs. elia viviani has won the second stage of the chirat italia. the italian fought his way through on the sprint to be spanish line in tel aviv. he claims the second stage victory of his career. chris froome appears to have recovered from his poor start yesterday. he was —— crossed the line in the main stage. he is 38 seconds behind the australian rohan dennis who has taken the lead of sprintjersey. tomorrow is the final stage in israel before the race resumes in italy on tuesday. finally, tony belli has once again beaten david haye with a fifth round stoppage in a heavyweight light at the 02 haye with a fifth round stoppage in a heavyweight light at the o2 arena —— tony belli you. you can find more on that and our stories on the bbc website. it's 200 years since the birth of karl marx, the german ph

munster fought back as only one point separated the two.setting the odds to beat lee selby. warrington was fighting in front of his home crowd and he dominated in the early exchanges. the fight went the full 12 rounds. warrington picked up the victory on a split decision. meanwhile, nicola adams returned to action after some time away from the sport with a convincing win over her opponent. and that is all be bought for now. survivors of terror attacks and relatives of those killed have signed an open letter, calling on the public to do more to catch those responsible. the widow of fusilier lee rigby and the brother of a man killed in last year's manchester arena attack are among those who've signed the letter. james waterhouse reports. the timing of this letter is certainly poignant, not only is it a year since young ariana grande fans were so brutally targeted in manchester, in an attack the singer recently described as the worst of humanity, it's also five years since lee rigby was murdered as he made his way back to wollwich barracks. it

munster fought back, as only point separated the two irish sides at the final whistle.g the odds to beat lee selby at leeds united's elland road. warrington, fighting in front of his home crowd, dominated in the early exchanges, with selby cut after an accidental clash of heads. the fight went the full 12 rounds, warrington picking up the victory on a split decision. 0n the undercard, double 0lympic champion nicola adams returned to action after some time away from the sport with a convincing win over soledad del valle frias. that's all the sport for now, i'll have more in the next hour. thank you very much, see you later on. survivors of terror attacks and relatives of those killed have signed an open letter, calling on the public to do more to catch those responsible. the widow of fusilier lee rigby and the brother of a man killed in last year's manchester arena attack are among those who have signed the letter. james waterhouse reports. the timing of this letter is certainly poignant. not only is it a year since young ariana grande fans were so brutally targeted in m

keith earls scored after some lovely play by simon zebo to help munster to a 20—16 win in dublin... the expense of kyren wilson. the four—time winner at the crucible put in a battling performance to come past wilson by 17 frames to 13 and is aiming to improve on his runner—up showing of last year. what can you say aboutjohn higgins, a four—time world champion through to his seventh final. he first played ken doherty in 1998. what does it say about his longevity?m is the mark of a man, a great champion, one of the best players that has ever picked up a cue. remarkable performance against a young girl who put it up to him and threw everything at him. everything he threw at him he had an answer for. what a way to finish off the match. finished off with great aplomb. 0ne match. finished off with great aplomb. one of the best players i have ever played. i am sure you would say the same? it is because he is very, very good and also a chameleon, he can change in the middle of the match, how can you come out in a top—class match, reaching that session? shows you how clever that is. he found

jack conan gave leinster an early lead before good play from simon zebo allowed munster to reduce theties from ross byrne and another from joey carbery gave leinster an eight—point lead. munster scored a late consolation try, but it's leinster who will play scarlets in next weekend's showpiece final in dublin. 16—15 the final score. also coming up in the programme: british rider cal crutchlow has a big spill in qualifying ahead of tomorrow's french motogp at le mans. and rugby league's magic weekend is even playing tricks on the eyesight of the officials. seeing is believing at st james' park. the first two weeks of the giro d'italia have not gone the way that chris froome had hoped, but today he had his first stage win in the event. froome is now up to fifth overall and says he will keep racing to the finish in the hope of becoming the first briton to win the race. nick parrot reports. chris froome wants to win the giro d'italia to complete a hat—trick of grand tours. but his chances have been going downhill since day one, and he started behind simon yates. in pink, the 25—year—old h

keith earls scored after some lovely play by simon zebo to help munster to a 20—16 win in dublin.our—time winner at the crucible put in a battling performance to come past wilson by 17 frames to 13 and is aiming to improve on his runner—up showing of last year. what can you say about him, a four time world champion through to his seventh final over a 20 year span. you first played ken doherty in 1998. what does it say about his longevity and class? the mark of a man, great champion, one of the best player5 man, great champion, one of the best players to pick up a cue and grace this wonderful table here. remarkable performance against a younger and that threw everything at him. everything that he threw at him, he had an answer him. everything that he threw at him, he had an an5werfor. what a way to finish off the match, finished off in style, with great aplomb. 0ne finished off in style, with great aplomb. one of the best players i have seen and played. i am sure you are the same? 100%. the have seen and played. i am sure you are the same? 10096. the reason for the longevity is bec

[laughter] >> more herman munster. greg: and i love herman munster. >> he was a great -- [inaudible conversations] greg: i think he's more like uncle dexter. >> i love the uncle. >> i've been visiting all of the country and you know what i see everywhere? every business has a sign that says help wanted. every business. i think there's a sign on the door that says help-wanted that means the newspaper they need someone to come in and work -- there are so many jobs available that i don't know hit the democrats will they say? growing up, we were german. we danced in a german dance group. i wore lederhosen. when i first got on ancestry i was really surprised that i wasn't finding all of these germans in my tree. i decided to have my dna tested through ancestry dna. the big surprise was we're not german at all. 52% of my dna comes from scotland and ireland. so, i traded in my lederhosen for a kilt. ancestry has many paths to discovering your story. get started for free at ancestry.com. they became ill after coming into conta

[laughter] >> more herman munster.reg: and i love herman munster. >> he was a great -- [inaudible conversations] greg: i think he's more like uncle dexter. >> i love the uncle. >> i've been visiting all of the country and you know what i see everywhere? every business has a sign that says help wanted. every business. i think there's a sign on the door that says help-wanted that means the newspaper they need someone to come in and work -- there are so many jobs available that i don't know hit the democrats will they say? capital one and hotels.com are giving venture cardholders 10 miles on every dollar they spend at thousands of hotels. brrr! i have the chills! because of all those miles? and because ice is cold. what's in your wallet? if your adventure keeps turning into unexpected bathroom trips you may have overactive bladder, or oab. ohhhh... enough already! we need to see a doctor. ask your doctor about myrbetriq® (mirabegron). it treats oab symptoms of urgency, frequency, and leakage. it's the first and only oab t

they'll play either munster or european champions leinster in the final.st athletes and para athletes are in manchester tonight for the great city games. the world indoor 60m hurdles champion andrew pozzi came third in the 110 metre hurdles, which took place on deansgate in manchester city centre. he finished behind fellow briton david king and poland's damian czykier who won the race. meanwhile, mo farah will take part in sunday's great manchester run. and, after winning double gold on the track at the 2012 and 2016 olympics, farah's now targetting similar success on the road in 2020. turkey olympics. that is the aim. if ican run turkey olympics. that is the aim. if i can run at least two marathons a year and two runs in a marathons as ican year and two runs in a marathons as i can before the olympics that would nice be and give a good confidence and a boost. obviously to try and work something out that works for you and that is what i have done over the years. i've never had that before. think it's a mocha and just kick. i've had to work on something tha

[laughter] >> more herman munster. greg: and i love herman munster. >> he was a great -- [inaudible conversations] greg: i think he's more like uncle dexter. >> i love the uncle. >> i've been visiting all of the country and you know what i see everywhere? every business has a sign that says help wanted. every business. i think there's a sign on the door that says help-wanted that means the newspaper they need someone to come in and work -- there are so many jobs available that i don't know hit the democrats will they say? democrats will they say? give us the work no one else wants to do. we don't just go against the grain. we grow it. give us the frontiers. the places where success is measured in pushed limits. give us the middle of nowhere. where the only map is your buddies' tread marks. this life? no one's born ready for it. ( ♪ ) theseare heading back home.y oil no one's born ready for it. thanks to dawn, rescue workers only trust dawn, because it's tough on grease yet gentle. i am home, i am home, i am home so we

[laughter] >> more herman munster. and i love herman munster. >> he was a great -- [inaudible conversations] greg: i think he's more like uncle dexter. >> i love the uncle. >> i've been visiting all of the country and you know what i see everywhere? every business has a sign that says help wanted. every business. i think there's a sign on the door that says help-wanted that means the newspaper they need someone to come in and work -- there are so many jobs available that i don't know hit the democrats will they say? we need more jobs? greg: will be talking about summer does. why don't teens have summer jobs anymore? because they are lazy jerks? that's what i think. and i am a talkshow host. [cheering and applause] the best simple salad ever? heart-healthy california walnuts. the best simple veggie dish ever? california walnuts. the best simple dinner ever? great tasting, heart-healthy california walnuts. so simple, so good. get the recipes at walnuts.org. ♪ rawwggwwrughh! well, i told you they wouldn't have it. rawwggw

and we conclude this tour of north rhine-westphalia with lucas degas as he explores munster university towns and cycling capital of germany. there are twice as many bikes asked people. there's a huge bicycle rental parking and service garage right at the central train station . it's got room for three thousand three hundred bikes very convenient especially for commuters. you can have your cycle repair it serviced or even washed all here. and tourists like me can't even rent a bike to this floor of the city. limits though was founded one thousand two hundred years ago this is where great european history once took place but in measures of environmental protection also has a great reputation and is considered a green city so like an exciting day to me. i thought the best place to start my tour was the promenade it's sort of mistrust bicycle highway and circles the outskirts of the old town. moonstone may be old but its population is young off the city's three hundred thousand inhabitants sixty thousand our students nearly everyone here writes a bike cycling paths crisscross the city and

when he talks about -- gene munster does, innovation, he's even going beyond any sort of innovation you would expect with the phone. he's talking about original content, augmented reality, including glasses. autonomy, automotive autonomy, opportunities that are not even reflected yet in the valuation of apple shares. >> i hope he's right i'm going to tell you two things first, you could say that about a lot of the tech giants if way mow were a stand alone company, you could make the case it would be worth as much as tesla, and there's no way at today's valuation, investors are giving google credit for anything going on there. probably because they can't see it, and that's fine for right now. apple has things cooking that they're not fully getting credit for in their multiple. however, this is the caveat to that a, none of them are big enough to really be able to move the needle relative to how big services and devices are and , and maybe this is the most important thing, they have not succeeded at many of the large-scale projects they have attempted starting with tv and then they have b

this early try from jack conan and munster played back but only a point separated the two irish sidestwo irish sides at the end. there was a entertaining opening day at rugby league's magic weekend, held at the home of newcastle united, st james‘ park. there'll be seven games in all, three to come today yesterday super league leaders st helens put on a show on tyneside — ben barba's try was one of the highlights as they beat widnes. in the days other games there were wins for wigan and castleford. josh warrington is the new ibf world featherweight champion after upsetting the odds to beat lee selby at leeds united's elland road warrington, fighting in front of his home crowd, dominated in the early exchanges, with selby cut after an accidental clash of heads. the fight went the full 12 rounds. an enthralling battle and we needed the judges score cards to decide it. warrington picking up the victory on a split decision. on the undercard double olympic champion nicola adams returned to action with a convincing win over soledad del valle frias. adams had taken some time away from the spo

most populous state north rhine-westphalia from the rhineland to the region to the area known as munster long.

look in good shape ahead of that match — they enjoyed a bonus point win at harlequins in the pro1li, munsternst irish rivals leinster, while scarlets are leading 43—3 in their pro14 play—off quarter—final against cheetahs. —— leading 43—8 in their pro14 play—off quarter—final against cheetahs. the may day bank holiday means the final stages of the world snooker championship. earlier today, john higgins beat kyren wilson 17—13 to secure his place in the final. higgins will play either barry hawkins or mark williams in the final. they've resumed their match — these are live pictures from the crucible. 0ver over on bbc two. also available on the website. williams is a two—time champion looking to meet higgins in the final. hawkins playing well so far. he is currently 60 — 29 up in this frame. you can follow that on bbc two and on the sports website. that's all the sport for now. more than 2,500 patients with brain conditions were being recalled to special clinics in northern ireland today, over fears they were misdiagnosed by a senior neurologist. patients seen by consultant dr michael watt wer

know the government announcement was coming but why wait 11 announcement was coming but why wait ii munstercement? she didn't put the barn in her report but she said she would have supported it, so why not put it in her report, because she would have had an easier ride today. we also have the architects' representatives saying this is effectively a review of building regulations that hasn't really changed the building regulations and we also have construction companies saying behind—the—scenes they want some kind of certainty, what can they do, what is safe, what is the bottom line in terms of safety. it's all very tricky and we are in the middle of this housing crisis and we still have people living in tower blocks where every night there's a fire warden walking around with a megaphone in case the worst should happen. tom, thank you. there is a special edition of question time from st peter's church, near grenfell tower, after this programme, at 10:45pm on bbc one. the gambling industry is warning that tens of thousands ofjobs are at risk, after the government decided to reduce dramaticall

in the guinness pro 1a, munster overcame edinburgh 20— 16.‘s one 43— eight. that was against the cheetahs. elliot viviana has won the second stage of the giro d'italia. the italian fought his way through on the sprint to the finish line in tel aviv. he claims the second giro d'italia stage victory of his career. chris froome has recovered from his poor start yesterday. he crossed the line in the main field. but he does remain at 38 seconds behind the australian rohan dennis, who has taken the leads pink jersey. tomorrow is the final stage in israel before the race resumes in italy on tuesday. the may day bank holiday means the final stages of the world snooker championship, of coui’se. the world snooker championship, of course. earlier todayjohn higgins beat karin wilson 17— 13 to secure his place in the final. who will he play? either barry hawkins mark williams. these are live pictures from the crucible. williams has come from the crucible. williams has come from behind in that match. he was trailing 13— 11 going into the evening session, a

we will have more with gene munster.-- bloomberg ferro surveillance can be heard in new york, and across the united states on sirius xm radio. kaylee: coming up later today on bloomberg markets balance of power, tom reed of new york. alix: apple shares trading -- themaintaining post company beat on revenue and earnings per share. us now from san francisco, gene munster, getting up early. thank you so much for joining us. gene: thanks, alix. alix: the thing you liked best and least about apple's first quarter. gene: they did not guided down. i was expecting they would guide the june quarter slightly below analyst expectations. a lot of negative chatter from the supply chain about iphone demand. what i phoneed numbers were. it got it up slightly for the june quarter which is a surprise . the second big part of the quarter was the services business, up 31% year-over-year. service is now accounts for 15% of revenue so i want to put those together and talk about why that's the most important surprise from last night. oflectiv

the answer the phone the shortest the munsters then pakistan for mark more frequently after a short while it smells most intense. this room's. a simple yet brilliant way to solve or the just tickle problem but how failsafe is it. outrageous a took once to put the little transport geniuses to a test. where at the university of geese in germany. in the universities greenhouse and joyous filch is cast breeds ladybirds. one lady can eat up to three hundred all states and. this is one of the century's welcome. once considered blocking. the love of it speaks of the racists they attack everything out of. their advertisers and censorship. this is especially true of even a nation. that displaces the very species well john wright but why. in the barn three hundred s. coaching staff and his team preparing experiments. because unknown to big of the office of a european they did good together with the young small amount of contagion that's. the result is what researchers have expect the beagle eats the small. prevented something. mom mom to be sticks to find the from human biggest enemies inflated her

gene munster said one argument is the company could actually go out of business.a caveat sing the argument is they could go to the moon. analysts are split. 12 holds.10 buys, and you can turn to your bloomberg for more on tesla results and go to tliv and get commentary and analysis from bloomberg's expert editors. spotify has tumbled despite a 45% jump in subscription think it's first quarter as he public company. for more let's go to bloomberg ipo reporter alex barinka in san francisco. up, butsubscriptions unhappy market. is is the problem of how you monetize this business? >> that is something folks are live yet for a net income basis. the katie meier than estimates, but that includes some of the cost to get the committee public. the company went public through a direct listing a month ago. in terms of a mismatch of all of the results being in line with and the and estimates, negative share price reaction. i think some of it comes down to a recent of expectations. folks expecting spotify to beat its guidance on paid users and premium subscribers 75 million

says prime the other small of this trial and also on the man in the answer for the shortest of the munsters that half is there for market more frequently after so while it smells most of. its rooms. a simple yet brilliant way to solve or the just tickle problem but how failsafe is it. outrageous to talk once to put the little transport geniuses to a test. where at the university of geese in germany. in the universities greenhouse and joyous filch is cast breeds ladybirds. one lady that can eat up to three hundred anything at night. this is why the center. well. consider blocking. the luck of the take them for instance they attack everything out of. their advertisers and censorship. this is especially true love you any racial. prejudice places in any species well john might but why. in the barn three hundred s. coaching staff and his team prepare an experiment. because an omega bigger lab of a european major birds together with the younger small amount of contagion that's. the result is what researchers have expect the beagle eats the small. event something happens. long term he sticks to fi

munster looking into apple's future and breaks down the tech giant as a service part four of the potential new product categories including ar wearables, original video content, and autonomous vehicles >> is this the future of apple this is your way of saying, okay, big, exciting, idea in services that helps take apple to, you know, what next price level what do you think? >> a little different. i have to take a step back every five to ten years is a pair dime shift about how investors think about the apple story. the current paradigm, get excited about the next three iphones this fall followed by anxiety of the guidance of the outquarter there's a roller coaster ten years ago, anticipation of the new product categories, the tv, the watch. the next paradigm is apple as a service. pun aside, the reality is this is more than a services business it's four pieces the most controversial piece is our belief that the iphone is going to be a stable business. we're not going to have to worry about these quarter into quarter. the last six quarters, the iphone is up on average 2%, a stable business.

they had warned of a shutdown production to address manufacturing problems we bring in gene munster on the newsline what's the significance to you >> caller: it's a big deal as you said, this company articulated this would happen, the shutdown this is why we have -- if you believe in tesla, why you should be happy they are shutting this down is that they have outlined this self-proponent manufacturing hell they are going through in building the model 3. that means they trying to reengineer the manufacturing process, and so to actually do that requires you to understandably stop the manufacturing line what they are stopping and what they are replacing it with and close to what's going on here is that they acquired a company in jeremy last year called goldman engineering, and what they are importing into the manufacturing line is called nesting we don't have time to go through what nesting means i encourage people to look it up, but it's a whole new pair dime around manufacturing that can yield a much faster throughput, good for probability, so the quick takeaway is they expected this to

you have "the addams family" and then "the munsters," you have "bewitched."en "i dream of jeanie." imitation is the sincerest form of flattery. if one person is doing this fantastical hit, we're going to do that. >> now, is that considered a crime? >> i'm afraid not. there aren't any laws to protect us against bad tv shows yet. so you're safe. >> well, thank you. >> what i'm surprised by are some of the shows i can't even imagine the pitch meetings for. like "hogan's heroes." >> it's a story about american prisoners of war in a nazi concentration camp which doesn't sound like it's a funny comedy. >> why don't they trust us, schultz? >> that shows you how weird the '60s was right there. >> there is another one of our fine shows this year. pit stop! a movie story of an effeminate race car driver who was really an astronaut for the mafia. 9:30 eastern time, 8:30 central time, quarter after 2:00 pacific time. how do you win at business? stay at la quinta. where we're changing with stylish make-overs. then at your next meeting, set your seat height to its maximum

i did catch up with gene munster at lew ventures.nger term, the quarters and years ahead. he thinks he's going to see greater sta bill nit the iphone franchise. expecting a flat up to 5%. he thinks that gives investors more visibility and comfort and off that, he's looking for that continued services growth of about 15%. you saw that stronger expected services growth in q2. 31% which took really implied. came from a lot of different places app store. also icloud, apple pay where we see users doubling transactions, tripling in apple music. 40 million subs and counting and as mike was alluding to, capital return munster thinks this is a business that can generate about $50 billion a year in free cash flow and their goal is to get net cash neutral a lot of that going back to shareholders >> i'm just looking at the valuation. that's always one of the big sources of debate on wall street when it comes to apple yes, it's come up a little bit still trading at 16 times next year's earnings. microsoft at 26 times. >> you definitely are -- app

i don't want to say the munster we've created, but it's a pretty big influence that we've got now fromor technology companies. i mean, you can't ignore the fact that facebook and google and twitter and apple, i mean and amazon, they are major factors. i just got back from san francisco this morning on the red eye and if you want to see something, just a map of the real estate developments that are going on in silicon valley and in downtown san francisco, you would think you should call it facebook. they announced a 750,000 square foot building the day i was there, an entire building, and i gather this is going to instagram, that's the kind of influence. it's penetrating our whole society and our whole infrastructure and we have to be concerned. >> i want to talk to you about facts and news because it's interesting, you are an investor in "huffington post" which has ended up with verizon, you're an investor in ax ios and others. not a lot of venture capital going into journalistic news-based organizations right now. what is the opportunity that you see there and when are we going to kno

the sons, don, jr., eric, and as i call them, eddie munster and date rape. >> tucker: she's a lot ofauthor and columnist mark steyn joins us. you have this remarkable ability to stand back and see the big picture. what are we looking at in these two appearances? >> i think actually we are looking at the death of comedy. to go to that abortion joke, first of all, actually, ed henry, insofar as itin o is a joke, ed actually toldal it betr than the so-called comedian did. it relies on a sort of word inversion, don't try it till you knock itit but if you do try to come and knock it out. is that i joke that a professional joke writer should right? i mean, what's fascinating to be is that it's offensive -- i quite like a lot of sharp, edgy so-called dangerous comedy. but this stuff is offensive without actually being funny. ifff you don't know what she was doing on saturday night, kellyanne conway is a liar, and then sarah huckabee sanders is also a liar, and if she'd had time for jokes about jim mattis and pompeo and sessions and the rest of the cabinet, they'd havt all been liars, too. w

respected gene munster,

munster beat edinburgh 20 points to 16 to set up an away pro 1a semifinal against irish rivals leinstern llanelli. they'll play glasgow away in their pro 1a semifinal. mark williams will face john higgins in the final of snooker‘s world championship. williams beat barry hawkins late last night in sheffield. it finished 17—15 to the welshman who will be going for a third world title. he faces four—time champion john higgins after he beat kyren wilson. all the action across the bbc from 2 o'clock this afternoon. looking forward to that. to a onwards. hopefully not another late night. there is a choice this afternoon, do you sit inside and watch the super or go outside and enjoy the weather? just bring your phone. it is now app as well. can you wedge and watching tv on your phone? when it is bright you cannot see it. get a little umbrella. is it on the radio as well? the wireless? the wireless, that will do. paddle board? have you ever gone paddle boarding? it looks very hard, i've a lwa ys boarding? it looks very hard, i've always wanted to do it. if that meant i would be good at it? ster

and eric, as i call them, eddie munster and date rape. >> tucker: she's a lot of fun. mark steyn joins us tonight. you have this remarkable ability to stand back and see the big picture here. what are we seeing in these two appearances? >> i think actually we are looking at the death of comedy. to go to that abortion joke, first of all, actually ed henry in so far as it is a joke, and actually told it better than the so-called comedienne did. it relies on a sort of word inversion. don't try it till you knock it. but if you do, try it and knock it out. is that a joke that a professional joke writer should write? i mean, what's fascinating to me is that it's offensive -- i quite like a lot of shock, edgy, so-called dangerous comedy. but this stuff is offensive without actually being funny. if you look at what she was doing on saturday night, kellyanne conway is a liar and then sarah huckabee sanders is also a liar. and if she had time for so-called jokes about mattis, sessions, pompeo, they would all be liars too. what's sad is this is such defanged comedy. you are talki

munster beat edinburgh 20 points to 16 to set up an away pro 14 semifinal against irish rivals leinstern their pro 14 semifinal. mark williams will face john higgins in the final of snooker‘s world championship. williams beat barry hawkins late last night in sheffield. it finished 17—15 to the welshman, who will be going for a third world title. he faces four—time championjohn higgins after he beat kyren wilson. all the action across the bbc from two o'clock this afernoon. you don't have to miss it if you're going outside, bring your mobile phone, it is one the app as well. we were debating the best way to watch, drag your telly to the window, the radio. the warm and sunny weather looks set to continue for the rest of the bank holiday weekend. this is outside our studio in salford quays. and this is how central london is looking this morning. nice to see you set the trees. not so much a blue sky, some hayes. we have got in touch by a man on the isle of rothesay, who says it is windy and looks damp. not everybody likes it when it's hot, i'm aware. i'm sorry that you're not getting the we

gene munster said this is a software that feeds into the hardware that makes more sense, especially if believe the idea by looking where the stock is trading if it's truly a car company, why isn't it trading at $109 >> what do you think of the target $109, a new sell call? >> if you offered me the stock today at $109, i wouldn't buy it it's too expensive i'll tell you why. let's assume everything goes right. i don't care whether it's a software company or a car company. it makes things with four wheels that drive people around all of the other companies on earth that have to deal with turning out electric cars or dealing with the intelligence that cars have to have, every single other company on earth trades at between 13 and 17 times their free cash flow why the hell would this ever in the long term ever be any different than that? it smells like a car, it walks like a car, it drives like a car. it's a car at some point, it's going to have a massive correction down to $30 or $40 where it belongs to be, assuming it ever gets profitable now, every time i say this, i can't believe the ha

munster beat edinburgh 20 points to 16 to set up an away pro 14 semi—final against irish rivals leinster. mark williams will face john higgins in the final of snooker‘s world championship. williams beat barry hawkins late last night in sheffield. it finished 17—15 to the welshman, who will be going for a third world title. he faces four—time champion john higgins after he beat kyren wilson. all the action across the bbc from two o'clock this afernoon. it takes me back. when i was younger, snoopy was the thing to watch. it's come back a bit. it had a dull patch. it is coming back. i love seeing namesake john a dull patch. it is coming back. i love seeing namesakejohn higgins. —— snooker. it is one of those sports you can follow well on social media. it is something you can learn quite quickly. are you a pro? i meant understand it. unimaginable tragedy came to the island of islay in 1918 with the sinking of two us troopships just eight months apart during world war one. this weekend, commemorations have been taking place to remember those who lost their lives. here's our correspondent, gle

la abadÍa de west münster tiene capacidad para mÁs personas, y la capilla de saint george es mucho mÁsmÍ el majestuoso castillo windsor, todo listo para el enlace. el fin de semana pasado asistÍ a un concierto del rey de la bachata, romeo santos, y quedÉ impresionado de la cantidad de latinos que encontrÉ, este es un adelanto que verÁn esta tarde en "primer impacto". parecen/de cualquier ciudad de latinoamÉrica o el caribe, aquÍ se habla espaÑol, bienvenidos. si vive en londres y necesita algÚn producto de colombia, repÚblica dominicana, evo ecuador aquÍ lo consigue, y hasta los ingleses visitan restaurantes colombianos como este. >> quÉ me trajo a londres? buscando oportunidades, como todo inmigrante . llevo aquÍ 28 aÑos en inglaterra. >> tony de andrade? no lo creo. tony: asÍ me recibieron mis compatriotas dominicanos en esta barberÍa londinense. >> son muy trabajadores y respetuosos de sus leyes, me acostumbre hace rato. tony: todos estÁn muy pendientes de los preparativos de la boda para el fin de semana. >> harry, meghan, felicidades! tony: no se pierdan el reportaje esta tarde a

gene munster is also counting on an iphone business becoming more stable albeit at a lower growth rates, giving investors greater visibility into the franchise off that base, we know apple can keep selling a lot of services remember, services revenue did jump a surprising 31% in q2 and outsize capital returned by munster's math apple can generate $50 billion in free cash flow. which will go back to shareholders through buybacks and dividends. not everyone is a fan. nearly 40% of analysts rate apple a hold right now one of his big worries, skepticism that apple can keep raises prices. becky? >> josh, thank you very much the idea of buybacks going to make that harder to meet depending on when they engage in the supposed $100 billion of buybacks they might be taking. josh lipton, thank you >>> when we come back this morning, we are counting down to the opening bell on wall street. we're going to find out what jim cramer is watching today by the way, futures this morning, looks like the dow is up about 18 points s&p futures up by one. the nasdaq off by m 5.5 we'll be right back because, wh

we will speak with gene munster,

the way they act >> for more this morning we're joined by david rolf and the managing partner gene munsterng >> david, once again, we're left with the same framework. and that is buffett praising the value of equities over bonds and yet not putting a ton of this cash to work what does that say >> it's a conundrum. he's got a unique problem in that for him to move the needle, he needs big positions he needs big liquidity i did find charlie munger's comments earlier this morning when she was talking -- when he was talk with becky that he wanted buffett to buy even more apple. i wish he would have i'm talk in my book because we have a big stake in apple. but apple is only -- only 5% he only owns 5% of apple and if he could have gotten that stake up to maybe 6%, 7%, maybe 8% to get ahead of this tidal wave of share buybacks that apple is going to be beginning, you know, any time soon, i think that would have been an even more impressive use of this -- all this cash that he has. i wish he would have swung a fatter bat on apple. he could have done a lot more. >> the direct quote was he believes

no time table here on implementing that buyback but gene munster estimates about two years.back to you. >> timeline on that was one thing we did not get last night, josh thank you for that >>> for more on apple, let's bring in nomura instinet's i.t. manager. >> thanks for having us. >> are you in a mode now where you consider services over hardware in terms of how you evaluate the company >> we're getting there the services was only 10% or less of the company not that long ago with the growth in services and then conversely the relative stability on the iphone sales. it's up to 15% we're starting to get to a threshold where you want to carve that out with individual valuation. >> and how does that change the valuation model? >> it would be helpful if apple gave us more with what to work on and there are a lot of things going on inside of that services business we do know the margin struct surbetter than the corporate average so more visibility into that and a greater mix of that should help the shares >> can we talk about how you and everybody else seemed to get it so wrong

the tech watch extraordinaire gene munster on this. get close to something like that it's in fits and starts. i just think it's a matter of when, not if. what about you? >> yeah, it's a matter of when. i think when is probably sooner versus later. just want to put some context on that, what the near term catalyst is, neil, is that investors typically historically have thought about the apple story related to product cycles. they get really excited going into a product cycle, apple's multiple expands and the stock goes up. after the product goes out they get anxious about what the demand will be and the stock pulls back a little bit. i think that's going to work well to approach and break this trillion dollar mark. there's probably three new iphones coming out this september and the stock will move up in anticipation. to answerer question, i think that's more near term versus long terp. i do want to mention that this story is going to move beyond this idea of always being -- having anxiety around product cycles. we think there's a new p