let's get back to gene munster also listening on the phone at the plasma give me your reaction.the guy who wrote the open letter telling him to get back on the program or whatever, but does this take things in the right direction? an apology to tony >> i was very surprised, scott, and i think it does kind of show a new tone people don't change overnight. i want to caution investors that i'm sure there will besomethin in the next few months that might not sit right, but this is a major step forward from a very proud person to have that kind of commentary and that's kind of the shine on this quarter here as far as the substance, his reiteration that they will be profitable in the perpetuity now, i think is comforting because that's the whole negative story here is that they'll run out of cash and that's comforting and one thing thing to think about here is when we look at the number of pre-orders and i'm not taking reservations out anymore they're taking orders rather than reservations and they don't even have model 3s in all of the stores for people to test drive. as they get out

i do agree with the munster.i'm even higher thathmuten e nsr. >> good stuff. >> good stuff. we'll do final trade next.wall . what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade with a $500,000 life insurance policy. how much do you think it cost him? $100 a month? $75? $50? actually, duncan got his $500,000 for under $28 a month. less than a dollar a day. his secret? selectquote. in just minutes, a selectquote agent will comparison shop nearly a dozen highly-rated life insurance companies, and give you a choice of your five best rates. duncan's wife cassie got a $750,000 policy for under $22 a month. give your family the security it needs at a price you can af

the munster and famous. twenty two. letter we were. when we were. in the percent of americans at some point and allies will experience hardship listen. to me for my needs in the meantime sixty year olds and a proud echoed around. young people rebelled against their parents generation. demanded nothing less than no home new society. my mil strong. muslims the lives of those still. the seeds of the civil rights the peace movement the ones. sixty. starts september sixth. how. all we can be the generation that ends it for good men leiria must start so millions can live. this is d.w. news wife from berlin tonight hyper inflation crippling of its way money can't even buy it take it out of the country in its way limbs are trying to flee as the economic chaos grows in the government watch as a new currency neighboring countries are securing their borders telling venezuelans to stay home also coming up in a letter to all catholics pope francis'.

the munster and famous. beethoven first gone twenty. her first day at school in the jungle. first including listen. then doris green the moment arrives. joint direct attack on her journey back to freedom. in our interactive documentary. toronto. returns home on t w dot com. there's a saying that a most many tribes in north america just before tribal decision is made the elders consider seven generations in the future possibly two hundred years in the future this holds us affect the well being of the tribes i have never heard a politician in the united states talk about seven generations in the future. for not. only for our well being i suggest that you think in terms of the native people think less about personal ownership. possessions more a matter of community this is our opportunity to live here for a while.

he's here to explain and apple is in a new high as the company releases invites gene munster will be here with a look at what to expect, but first, we start with the markets. major indices snapping a four-day winning streak and the dow closing lower by 140 points as trade jitters crop back into the markets. let's get to eamon javers in d.c. with the latest >> eamon >> melissa, we are getting new headlines crossing from the bloomberg interview with president trump that just wrapped up within the last hour or so. bloomberg saying that the president said a number of interesting things thinking that he's withdrawing from the world trade organization if that organization doesn't, quote, shape up the president also saying he'd like to index capital gains taxes to inflation that's an idea that would require congressional approval the president saying it doesn't regret appointing jerome powell to the fed even though he has been critical of jerome powell's move to raise interest rates over the coming year the president still saying he doesn't regret that appointment and jeff sessions is safe

the munsters and feet. long twenty two. we make up over a week watches over half of the under budget five we are the civil service and. the want to shape the continent's future. reporting for youngsters as they share their stories their dreams and their challengers. the seventy seven percent. platform specific charedi. hit german pharma has when government date it's nowhere near enough although they really need is bright. and game on we look at what's pushing people's buttons at the world's biggest computer games event. i've been fizzling let's do business europe is baking in its hottest summer since nineteen seventy six and there's hardly any rain that's threatening the livelihoods of thousands of follows. drought is causing havoc around the world no clouds in sight in europe as you can see from the international space station that means water shortages crop losses and wildfires wide areas of australia are also stricken by drought the worst in decades farmers are finding it hard to keep their animals alive state aid has be

the munster and famous play. beethoven's first bond twenty two. his reputation murderer. arsonist. tyrant. the roman emperor nero. did he just get bad friends. renowned historians are reexamining his case rethinking the rochas history been unfair to the consumers from her starts august fourteenth on d w. rock n roll. cut. sinful muslims for condemned by the church. and all that evil feeling that you feel when you like. the pastors of his music are the stuff of old no one is more popular than jesus sa. religious morality preacher. subversive. battling with more shooting potential by placing a warning label on music products. rock and religion. actually brings many blows to light. forty two really super reconcilable dot com. stories august nineteenth two w. . anymore. this is the value news live from berlin and nasa launches a groundbreaking mission to touch the sun the parkers solar probe blasts off from cape canaveral on its way to unlock the mysteries of our stars sizzling atmosphere also coming up. charlottesville virginia is marking the first anniversary of why supremacist rally

the munsters and things. gone twenty team. it's all happening to fit. your link to use from africa and the world. your link to a section of stories and discussions in the unwelcome student news article in program tonight from for an exam need from the news of these events and i would say d. damn good it comes to africa join us on facebook at g.w. africa. the turkish lira has lost forty percent of its value this year and the effects can be felt nationwide it's a catastrophe for turkey's population and the economy the already high inflation rate is getting even worse imported goods are getting more expensive by the day if they're even to be found. new stock at last for pharmacy on a brilliant move to prove relief among staff is palpable that labor is lost in value against the dollar has made some products like this medication to fight high blood pressure hard to come by well. the first sign that something was wrong was that we were no longer getting discounts on large orders you know right now there are around one hundred types of medication that you can'

morning in dusseldorf he's an old man he was taken to a nursing home actually in the area around munster. and it's unclear what's going to happen next because it's unclear whether or not he can be put on trial at this stage he's ninety five years old so it's going to have to be a quick process but it's not the legal process that has to be worked out and i could be a long and complicated bureaucratic process right now the u.s. department of justice has has a lot of this deportation is something that they have been pushing for for quite some time d.o.j. officials have long accused germany of stymieing efforts to deport him because of violence reluctance to take him in basically why was germany so reluctant and what's changed yeah well i met rosenbaum he's what in the u.s. he's known as the nazi hunter he was a member he's part of the office of the department of justice that has been finding nazis in the u.s. and deporting them usually back to germany and he actually complimented germany for how many cases they have taken back but this was the last remaining case and he was very frustrated

the munster entry. tovan strong twenty two. francs food. international gateway to the best connections in road and rail. located in.

gene munster says something about this incident does not just go away. you still have an sec probe.yed out in some very dramatic volatile moves in a stock that is known for being volatile. a high beta stock. ramy: we look forward to see what it does. su keenan, thank you very much. trade talks and with little product -- process. because winter institute on china and the u.s. joins us next to discuss his worsening dispute. this is bloomberg. ♪ this is bloomberg. ♪ ♪ i am hearing many more businesses saying, the pricing pressures are real and we will start to think about how we transfer that into the final goods and products. there is a lot of concern on main street about how these tariff war's will affect them and their products. soybeans, for instance, is a major product out of the eighth district that is exported. to somee can get resolution. i hope the strategy works. that this negotiating tactic. wise, we look economy don't see it much. if you look in a, you are seeing impact. what i hear from ceos i am theing to is at a minimum, tariffs are having somewhat of a chilling impact o

with us in minnesota, gene munster. gene, you have covered this company for years. what does this actually mean? gene: i think it means that apple has become really the fabric of our lives. i think it is testimony to that, that this is something we don't even think about how much we rely on apple's devices. that means that -- i think that's one piece of it. i think it also means that the company is so big right now it has an unfair advantage over a lot of other companies, just given its market cap. the stock that it has, if they did want to acquire companies, they have more leverage on that. and last, i think it is a wonderful reminder to people to stick to doing one or two things exceptionally well. in apple's case, it has always been one thing exceptionally well. tim cook got a lot of heat over the years for not coming out with a cheaper phone and a mass-market. he got criticism for not doing m&a. he stuck to what he believed in and i think that was the third piece i take away from hitting this milestone. emily: i do have this chart here showing apple at the top,

joining us now on the phone is gene munster, of loup ventures.gh this story. one line stuck out at us. elon musk would prefer to amass investors who have been contribute part of the funds, the guys he wants to avoid large stakeholders in the company. tesla wants to avoid concentrating ownership of the stock. as we were saying, this does not sound like funding secured, the way elon musk indicated in his .weet earlier this week is that a problem for him, does that change your sense of whether this take private plan is feasible? gene: surprisingly i don't think it is a problem. that was my initial reaction when i heard your breaking news, this doesn't seem consistent with the tweet that talked about funding secured. i wanted to take one minute and talk about that, that tweet, even though it suggests and implies all the funding is secured, the legal standard is fundingfact is not secured, doesn't mean all funding is secured. i think there is some, if you will, wiggle room around that. i don't think he should be as concerned about any legal risk. let'

the munster and famous. beethoven twenty. we make up about three quarters of our folks that under budget we ought to seventy seven percent say they want to shape the continent's future to. be part of the african youngsters of testing share their stories their dreams and their challenges. to seventy seven percent of dummies platform for africa charting. his reputation for her. arsonist. tyrant. the woman and her near zero. did you just get the crest. rebound historians or reexamining use case rethinking the road as history be known for her to be going to miss him her starts aug fourteenth on d w. d w news live from berlin a record drought turns vast areas of australia to dust it is the country's worst in tries belt in fifty years and across the globe raging wildfires and extreme heat have scientists raising the alarm they warn that rising temperatures could ever burst of lead disrupt the earth's ecosystem. also coming up lawmakers in argentina voting on whether abortion should become legal the issue has been highly controversi

the munsters and famous. insist on the twenty two. his reputation murderer. arsonist. tyrant. the roman emperor nero. to be just get a bad press. rebound historians are reexamining his case rethinking the rochas history been unfair to the infamous templar starts aug fourteenth on d. w. . there was. rock n roll. come up. sinful muslims condemned by the church. and all that evil feeling that you feel when you fight. your past as a music. stop old no one is more popular than jesus. religious morality preachers subversive rockers battle with sound marketing put a. and by placing a warning label on music products. rock and religion a clash that brings many parallels to light. for the two really so irreconcilable. double rock'n'roll storms aug nineteenth w. . this is deja vu news live from berlin drought and wildfires across the globe what's causing these extreme weather conditions. this view from space shows parched regions that are normally a lot of green was a climatologist what the future may hold for planet earth but also coming up a discord after united nations agency for pale

the munsters and famous. beethoven finished twenty. her first day at school in the jungle.first including listen to the. band doris green the moment arrives. join during a tank on her journey back to freedom. in our interactive documentary. bring a tame returns home on t w dot com it's hangs. entered the conflict zone confronting the powerful i test the convictions and values of the public for confronting them with sex i will draw all those people with other people's life in them and out of their comfort zone. i'll go down the arguments of my guests. i'll just excuse this. conflict zone confronting the powerful song d.w. . every journey begins with the first step and every language the first word can cause any coaxing germany to learn. why not learn with him. it's simple online on your mobile and free. w z learning course. german may be easy. to. blame. venezuela's government has launched a new currency knocking five zeros off the ball of awe as hyperinflation heads for one million percent a year economists have warned the measure could exacerbate inflation thousands of ven

the munster and famous. beethoven insist upon twenty. every journey begins with the first step and every language of the first word collusion little nico is in germany to learn german. why not learn with him her. to suffer it's simple our mind on your mobile and free. t.w. zeal and in course. german mating see. his creations good for his brand understandable cumnock effect icon of the fashion. look what do we really know about the man behind the dark shades what motivates him how does he think and feel private moments in the life of a great fashion designer when the sun smashes out of it starts september not w. iran ones and uneasily to the grocery now a major power in the middle east. to runs sometimes continues to grow politically economically and above all militarily. does iran truly fewkes other countries are going to have their doubts iran from the youngest regional superpower starts august fifth on t w. this is d w news coming to you live from berlin along rulings an appeal to a party wins parliamentary elections in zimbabwe but th

the munsters and favorite. beethoven finished twenty. eight is. just sinking. with the senses.recognize and experience the inexpressible. the cultural magazine. arts twenty one on t.w. . we make up of what we watch as a half of that and that's because we are the sum of seven percent. want to shape the continent's future to. be part of enjoying african youngsters as they share their stories their dreams and their challenges. the seventy seven percent. platform africa charge. this is due to be a news live from berlin a rescuer in italy are raising right now to find any survivors of the collapse motorway bridge in the northern city of genoa at least thirty people can. term dead and now a bitter dispute about who's responsible also coming up in the show priests will wait raping little boys and girls and the men of god who were responsible for them not only did nothing they hid it all for decades and you're a new report finds of some sorry hundred priests.

the munster and figures. beethoven finished twenty. we make up oh but we watch as after they found out that if we are the seven seven percent. they want to shoot the continent's future to. be part of the african youngsters of testing share their stories their dreams and their challengers. to seventy seven percent of. platform africa charge. her first day of school in the jungle. first camillus of the. band doris green the moment arrives. join during a tank on her journey back to freedom. in our interactive documentary. tour of the reputation returns home on d w dot com arena tang's. the to. play a. player. play . this is interviews life for whirlwind legal jeopardy president transform a lawyer and confidant is said to have damaging information about russian meddling in the twenty sixteen elections after it was. getting trump in campaign finance violations michael cohen is said to be ready to talk about a supposed russian conspiracy and former campaign manager paul not afford is convicted of financial crimes what will these stunning leg

the munster a and famous. beethoven ist bond twenty teams. get out of the. ira when i walk into another edition of euro max with me you're high. meghan lee from photos on high to an oasis for our lovers we're covering lots of ground on today's show here's a look at what's coming up. creative cuisine artist all of our other guests and the sister of opened up a pop up restaurant in iceland strong south.

the munster country. gone twenty. turkey and the us go head to head on trade the result turkey's currency is in freefall and the us president is promising more tariffs just around the corner i'm sarah harman in berlin this is the day. if there isn't.

the munster and three. children down twenty two. it's all happening due to fit. your link to news from africa and the world. your link to it simpson stories and descriptions pellew and will come to you to do stuff including program tonight from salon in germany the menus of these eat our website d w to close the traffic come join us on three school d.w. africa. how's your view of the world. where i come from but all of that to get to cisco just like this chinese food doesn't matter where i am it was reminded me of home after decades of living in germany chinese food is one of the things i miss the most but that taking a step back i see things and get a different spin now. then of ford's purse as an articulation that exists the other part of the wall haven't been ever invented in china that's why you cannot have chinese people wondering if their forty's a lot of people have a right to another culture that is this is the job of just out of the my how i see it as a deficit why i've been up my job because i tried to do it except maybe an hour a day like they moved ou

pamela munster. is the co-leader of the ucsf helen diller comprehensive cancer center's center for brca research, and she's a practicing oncologist. you're also a mom, and you developed cancer. >> i developed an early form of cancer, and i didn't have a family history. and i don't come from a background where one would necessarily think of brca, but my cancer -- my ductal carcinoma in situ -- looked so unusual that i thought, "this looks more like a brca-related cancer," so i got myself tested. and, you know, i can really speak to the challenges and difficulties that people have to get tested and how much work we have to do to undo this. >> did you take any other measures when you learned? anything else that you had to do? >> yeah, i had what a lot of women with brca mutations go through -- i had bilateral mastectomies because of my diagnosis, and then i had prophylactic refractomy. however -- >> which means? explain that for the layperson, please. >> so, i had to take my ovaries out at a time where

the munster and thinkers play. beethoven twenty. nine jam and live. at any time i play any place the names in the n.f.l. is kept at the back of the pack sometimes to sing along to see this to come from super. interactive exercises. everything is on the mind file and interactive gem in fifty fifty w. . sarno just couldn't get the song out of his head. musicologist began searching for the source of these captivating salads. and deep in the rain forest in central africa. the byock of people. going out. and let's look losing the baby because. my little. he was so fascinated by their culture that he stayed close. only a promise to. leave the jungle and return to the concrete and glass jungle but. the result reverse culture shock. because winning documentary from before a storm starts aug ninth on w. . play. play. play live. this is news coming to you live from berlin international observers accuse him by always military of using excessive force after they killed three unarmed protesters at an opposition rally held over alleged vote breaking we'll have the

the munsters and face. beethoven's gong twenty two. we make up oh but we watch as folks that found out that if we are the civil service and. want to shape the continent's future to. be part of the african youngsters testings share their stories their dreams and their challengers. the seventy seven percent to keep the peace platform for africa during. the week you. should disrespect. the battle of. britain love being a slow slow response to. the fold movie shuffle spaceplane. schuessler scholorship good. luck good luck mr. obama told. love and respect. this is deja vu news live from berlin india pays homage to a political legend. thousands attending a state funeral for three time former prime minister atal bihari of osprey who is one of the country's most popular leaders we'll talk to our delhi correspondent about his legacy also on the show. how safe are italy's bridges with iran.

the munsters and feed. the children twenty teams. who are fighting for decades to take you seriously in the world of what appears to us come out. of this talk on t.w. though they do use the superhero on a mission that sets out to smart women smart trucks smart strange and led to this infighting loneliness missed out on for increasingly dangerous time. to make. his creations. his brand unmistakable come lock up the icon of the fashion world. but what do we really know about the man behind the dark shades what motivates him how does he think and feel good moments in the life of a great fashion designer who's going to sound smart and tough as it starts september not w. iran wants and isolated. power in the middle east. once continues to grow. economically and above all militarily. those are. some of the countries opponents who have their doubts that iraq from. the superpower starts aug fifth on d w. this is a w news live from berlin international observers accuse them bob ways army of using excessive force after use live ammunition on a

that means funding is not secured but gene munster says the financing question has been answered.s and ing 18 deleting four from its index after a quarterly review. a -- y addition will be acwi. that's what's happening at the close of trade on august 11. powered by more than 2,00 journalists and analysts in more than 120 countries. this is bloomberg. ramy: jessica, thank you. turkey is being pushed to the brink. the lira has lost about a quarter of its value against the dollar and the fallout is spreading far and wide. we have a report from is stan bum. >> it's been a dramatic few hours for turkey and the rest of the world. we heard from the turkish president earlier and he underscored what he'd pointed out on the weekend that. he doesn't see real for interest rates that the levels will go back to a ration aal level on its own and the currency is underseage from factions abroad. we saw the central -- central bank intervene early on in the day. injecting additional equity. we didn't hear anything from terms of commit from the i.m.s. and here on the ground in istanbul, it's been int

perhaps it was only a matter of time before parker and munster were memorialized. counterpoint in perpetual entity. littlefield even appeared at one of the waxed figure exhibitions. this met with immediate criticism. specimen.d is a pure another newspaper terribly reduced the estimate. explaining that it hasn't been his idea and hadn't been for any pay. depending on which newspaper won the league afterwards, the much abused gender than either retired to a farm in vermont, venture to california and cleared if $5,000 or went insane. mannequins proved scarcely any less reckless. they were none too realistic and appearance. webster's sister-in-law later noted the professor was buried in an unmarked grave, as if fear that someone would desecrate his to take his features for a waxed figure to be made. at a cattle show in western massachusetts, one reporter found them haphazardly thrust upon other statues. so that dr. parkman was looking hard at general taylor while infessor webster appeared front of a class on the subject of maneuvers. -- atinspired poke at it an ivy lea

caroline: gene munster saying he has a one in three chance of actually achieving this.mes next, the breaking news we hear when we understand why the stock has been halted. it is still 14% lower than the price he's talking about, $420 per share, we closed when it was halted at under 370. the market is baking in a real critique of this. i don't think they are buying this. you would have seen the shares rise so much more if they really thought this was a done deal, 100%, it would have spiked to $420. there is still a lot of incredulity in the market, but we will have to wait for how we might see this stake being built by the public investment fund, how that might be built up further. we understand of course, according to reporting, they built this $2 billion stake, less than 5%. would they be looking to extend that? is that where the rest of the money is coming from? how honored does elon take out the rest of the shareholder base, which is $50 billion worth? if it is worth $420, that makes the whole business including debt over $80 billion, the biggest leveraged deal since

it's been incredible so far so good on that >> we had gene munster on talking about netflix. a fan of netflix at the moment. he's splitting them off in the faang world. where do you see netflix -- by the way, where is apple? >> they're being dropped by faang? >> in his mind he wants to see tesla. where netflix is sort of the -- dare i say the standard relative to other content players >> we think the pullback you've seen in tech and netflix is an opportunity in the stock i don't think there's a debate about whether or not netflix has won the ott battle globally. they won the question is what do you want to pay for it? our view is this a highly profitable -- people focus on free cash flow, but any media company spends ahead of amort e amortizati amortization every studio does it >> is there a risk that people start to give up their subscriptions where they've had it for a number of years and they only therefore hold it because another season of house of cards is coming out, something like that? >> that's always a risk. what i would say is this company has now something like $1

i talked to gene munster who thinks that cook could charge $1,150 and maybe all the way up to $1,300, depending on the configuration. also anticipated, that ceo tim cook will take that stage and unveil an upgrade to the iphone x and what some are calling a budget-friendly phone with a 6.1" screen. the new high-end phone, munster thinks, will sell well as the iphone x has, giving new lift to the company. >> thank you, josh >> warren buffett speaking first on cnbc with our becky quick about the stock market, the economy and the fed. becky is live in new york now. hi, beck. >> i contessa, good to see you guys we've been watching the last self-d d several days the market hitting new highs. investors start to think wow, maybe things are getting too expensive and some investors will stop buying at that point but not buffett. >> we're buying stocks this morning. i would rather buy them cheaper, but i've been buying stocks since march 11th, 1942 and i reallybought them under every president, seven republicans, seven democrats i bought them quarter after quarter. some of the buys were terrific

listen to what gene munster has to say >> we have this broad, big v vision of accelerating this is more than making a great car. it makes more sense to be a private company. that's on one side on the other side is investors, public investors who believe in the story. this is obviously, just listening to the conversation, an opinionated investor base this could be a much bigger company. how much bigger? this takeout evaluation, 85 billion for enterprise billion, investors think this could be three, four, five times bigger >> interesting what he's saying there. they still have a 1 in 3 chance that this may end up happening i thought this was interesting, for every word in the tweet yesterday, the market capitalization of the company went up 6$667 million very effective value per word. then if you think about it, from tesla's perspective, does it not make sense for them given that they are at this point very much focused on the long game, which is investing in their -- dealing with less short-term questions >> the cash bend, where do you go to solve the cash bend problem. capital markets w

talked to gene munster he thinks that guidance implies -- we're expecting three new iphones in septembere thinks two of those new models will get introduced and launch in september. >>> a lot to get to today. josh lipton watching apple let's bring in inside.com founder jason calhan good morning to you. >> good morning. >> we have services up 31. second biggest quarterly buy back ever. how much of a negative is trade and tariffs when you weigh it against all that >> i'm not worried too much about the tariffs and the trade. i think it's just too crazy to start a trade war over the iphone that would just be mutually assured destruction for china and the united states and create a contagion that's very bad for a very high priced stock market as we saw with facebook and twitter taking a hair cut last week apple with slowing iphone sales and the higher asp is a bit concerning to me that they can't increase the sale of devices but wonderful to see what they are doing in services and that's a $50, $60 billion story next year it will increase apple care might be a big portion. they are taking out

committee about the going private deal the meaning behind the original tweets, gene munster joins us.s maker on whether a deal will happen. and phil lebeau. gene, walk us through what you see happening here >> i think we are on a slow road, call it three to nine months to tesla going private. if we're going to put the problemability on it, today it is about two-thirds. call it 65%. that's up from where it was a week ago, just after this when we thought it was more or less 50/50. effectively what's happened is each of the past two days, we have gotten more pieces that this in fact is something that tesla is going to aggressively pursue, which is important but also some of the big unknowns we have a little more visibility, you talked about it yesterday in saudi funds and where they potentially could get funding behind it. the big picture is twofold first that tesla will perform better as a private company. i think investors recognize that and second, i think whether public or private, the value of the story is going to be increasing over time >> gene, when you have reports that the sec

i assumed the most shocking thing they'd find was that ryan's great-grandparents were eddie munster andaughter ) but it turns out they found something way more unexpected. surprise! paul ryan's slightly jewish! haven't the jewish people suffered enough? ( laughter ) ( applause ) i just-- the anti-defamation league has already responded, saying, "what? run the tests again!" ( laughter ) this, naturally, leads to one burning question: paul ryan, are ( gheven circumcised, bro? i'm n guein pgaul, that's the price of admission. which is why we're are excited to offer you the chance of a lifetime with "the late show's live paul ryan brisstravaganza." come on my show and get a live bris. mohel's are standing by. think of it this way: the foreskin is only %1 of the penis. and we know how much you love cuts for the %1. ( cheers and applause ) we'll be right back with ewan mcgregor. thank you! honestly... honestly... honestly... we should've used a condom but we got distracted. i know i should get tested for hiv nestly, howebu've nebeen ly together for a while so getting tested never really cross

we're going to bring in gene mon munster. the fact so much apple revenue is the iphone, are thousand dollar phones the new normal is that what we should expect from here on out >> i definitely think there's an appetite for that above a thousand apple will come out with a more expensive phone. obviously asp in the june quarter was a robust market. that's probably a level of detail that misses the bigger picture about what's going on with the apple story, thinking about the thousand dollar. i think there's something fundamentally much different going on there's a relief investors are having, thinking about specifics of a phone, getting more comfortable at the idea that the iphone is a stable business. it doesn't need to grow. >> gene, as you're talking, 207.05 is the high tick of the day. apple for the first time in history, a company worth $1 trillion morgan said a few moments ago, historic moment. to see this happen after talking about it for so many years is amazing. >> cleared it by three-quarters curre cent obviously every

i was talking to someone thinking that model was coming i asked munster what could cook charge for that model. his bet is it starts at 1150 and moves up to $1300 depending on the configuration. also expected an update to the 10 and what some are referring to is possibly more budget friendly lcd phone with a 6.1 inch screen. we'll see what tim cook know when he takes the stage on september 12th >> perfect timing of that news >> i saw it coming across my screen >>> let's kick it around okay not so much the event, but the buffett commentary on apple. guy holds $56 billion worth of apple. let's ask you all the question that buffett would be asked. is it a buy here at these levels or not is it too expensive? does it need to come in? >> i think it's still one of the most reasonably stocks given what they are doing right now. again, only big cap stock i own. love the name. >> you're the perfect guy to ask. would you be adding more >> i would but not at 220, 224 last time i added it was 208 and, you know, i just believe that this announcement which most of us had thought was going to be coming

as soon as we got there, there were people already in the house by the name of eddie munster and rushhe idea in their head to borrow the gun from this man, [ bleep ], who was in the car, who provided the ride up there. and take the gun and rob a mountain store. he said no and that was that. i was fine with it. and when i walked through the door, i was pushed. somebody was behind the door. i think it was eddie. he had a baseball bat. he started beating him upside the head with the bat. and i was just in shock. i didn't know what to do, so i backed up, and i sat on the bed, and they kept beating this guy and beating this guy. his blood was going everywhere. just bits of skull and brain going all over the walls. and i remember getting blood in my mouth and on my face and on my clothes, and i was just frozen. i didn't know what to do. i could hear him screaming, "help me!" and there was nothing i could do. they beat him for a good half hour. they beat him, they cut him. they cut his throat. they did everything imaginable that you could do to destroy one man. and when they were done, they

cheryl: what do you make of gene munster's belief, in his case that apple should be pursuing a take in tesla? apple's got lots of cash. tesla does not, but they are both in component device, ai field if you will? what would you at this of that kind of tie-up? >> you know, again, i should have bought apple when we had a chance at sun. i probably would have messed it up badly. you never know if -- i can't imagine elon musk coming to a staff meeting and not being bottoms. so you know, that's, there is always collision risk when you put two companies like that together. cheryl: let me ask you about something else. warren buffett, jamie dimon, they're getting behind this notion that companies shouldn't be doing quarterly reporting anymore. they should go to a six is-month model. it is tough for companies to innovate on the quarterly reporting. you already said you kind of like being private more tan you like being public. do you agree every six months would be better for a company to report versus every quarter? >> i apologize, i named my first son maverick, i would take a much more aggress

and with us in minnesota, you ventures, managing partner of gene munster. we will start with you, given you have covered this company for years. what does this actually mean? means thatnk this apple has become really the fabric of our lives. that testimony to that this is something we do not even think about we rely on apple's devices. that means -- i think that is one piece, and i think it also means the company is so big right now it has an unfair advantage over a lot of other companies, just given the market cap, the stock it has. if they ever did want to acquire companies, they have more members -- more leverage on that . and i think it is a wonderful reminder to be will to stick to doing one or two things exceptionally well. in apple's case, it has been one thing exceptionally well. tim cook got a lot of heat over the years for not going on in the phone, coming out with a cheaper phone in the mass-market, and he got distracted or criticism for not doing m&a, but he stuck to what he believed in and that was a third piece i take away from hitting this mi

the munsters and favorite place. beethoven gone twenty. his creations. his brand unmistakable colors got that icon of the fashion. but what do we really know about the man behind the dark shades what motivates him how does he think and feel private moments in the life of a great fashion designers are going to someone special. start september not w. long iran ones and consulate in the city no major power in the middle east drones insolence continues to grow little economically and above all militarily. does iran want to keep some other countries opponents have their doubts iran from geography the super power source aug fifth on d w. odd. plenty of todd. audio. the state of the news coming to live from bora lennox so involved why is oppositional or jacks the result of the country's presidential election. despite looking thing is it looks good doesn't it it's a pretty good job isn't this president believe going to be in the internet come up may not exactly but it is critical it again. opposition party leader nelson chamisa says he will challenge the result

joining us right now for the potential business impact is gene munster.gene thank you for being here. >> thank you, becky. >> you have your own special music. gene -- >> i love it. >> what can we expect next week? we know these hearings are coming. we hear comments from the president which all of it together raises the inspector of some sort of regulation. how realistic do you think the idea of regulation is and what would you be doing with these stocks ahead of this meeting next week? >> regulation is realistic. keep in mind politicians want to feel like they're doing something moving the ball forward. that's a wonderful way they can do that is form committees of oversight. i'm sure it will have a grand political type of name that will emerge from this in the future. its the tale of two cities. on one side facebook is going to show well in part because sherl samburg will be representing the company and she does an outstanding job and the second, the company has done a lot around election interference. they've added a lot of a.i. and 20,000 people, they'v

gordon johnson says that means funding is not secured, but gene munster says the financing question has been answered. global news, 24 hours a day, on twitter,t tictoc on powered by more than 2700 journalists and analysts in more than 120 countries. i am jessica summers. this is bloomberg. ramy: diving back into the u.s. 'srket close, and turkey crisis. metals, andd oil, caused the biggest emerging market etf to plunge. su keenan has all the action. where do we begin here? su: we started the market higher , and then it was all about turkey. concerns at into trade war concerns. let's go right into the bloomberg. gtv is where you can find our library of charts. the two-year rising faster than the 10 year bonds. it is an inverted yield curve. and short, what it means generally, pain in the near-term theories the financial are being broken and that is an understatement here. doubled tariffs on turkey on friday. president erdogan signaling the finance, lashing out at the u.s. country, heme his says. the lira plunged. turkey took higher rates off the table. while it took steps to bolster its

here's luke munster with his estimate >> i think we're on a slow roll call it's three to nine monthsing private. if we'll put the probability on it, today it's two-thirds and call it 65%. >> as you take a look at shares of tesla, guy, we're entering into a period where we still need to see a proposal come together, and no estimate as to when that will happen. back to you. >> thank you very much il lebeau there. up next, find out what bill ackman is buying and selling when "the closing bell" returns. still nervous about finding a new apartment? yeah... but popping these things really helps me...relax. please don't, i'm saving those for later. at least you don't have to worry about renters insurance. just go to geico.com. geico helps with renters insurance? good to know. been doing it for years. that's really good to know. i'll check 'em out. get to know geico. and see how easy homeowners and renters insurance can be. the line between work and life hasn't just blurred. it's gone. that's why you need someone behind you. not just a card. an entire support system. whether visiting the air

he's here to explain and apple is in a new high as the company releases invites gene munster will bepect, but first, we start with the markets. major indices snapping a

of our ag products from getting into mexico and dairy, won't be using the geographic, cheddar or munsterst's important in pennsylvania. i'm also concerned about this quasisunset, we've got to see the details on that. this 16-year horizon and watering down, shrinking of the investor state dispute settlement mechanism is troubling. i want to see exactly how that's going to work and of course they've introduced country specific rules of origin and auto sector. it's only one sector it's the wrong direction but it's not the entire manufacturing sector so it's going to be a matter of weighing the good and bad. >> senator toomey, why is that the wrong direction? i'm looking at the statement from you as well where you say you raise serious concern around arbitrary wage mandate for the august sector as well. i see that and think for years we've seen offshoring and near shoring of american manufacturing jobs to places where there's cheaper labor. the idea we'll ensure more u.s. jobs in the auto manufacturing sector, i would think that would be a good thing, no? >> no, it's not a good thing for the

going down if i were to talk my book, i would talk it down >> i spoke with an analyst today, gene munsterinteresting thing for apple for a long time it was a volatile stock, it traded in the boom and bust cycle. every time they had a new phone that came out it would push the stock higher and if it didn't have a new release it would s p drop 65% of the business, but he looks at it differently. is this a boom and bust cycle or something different? >> not in the least. i like to see the new release do well or you know, but i do not focus on the sales in the next quarter or the next year i focus on, they won't tell you exactly how many but hundreds and hundreds and millions of people who practically live their lives by it, and if you look at that little piece of whatever it is, that is some of the most valuable real estate in the world. fifth avenue will never come close to that. you've got hundreds and hundreds of millions of people with loads of buying power, and able to do business or learn information or whatever it may be and if part of their habitable living, they spend hours a day and