apple white in the face. he's back in florida but in the hospital. the attack as not dampened apple white's spirit. >> i'm not going to let one person spoil that for me. >> apple wheat's face very swole -- apple white's face very swollen and will likely need a lot of surgery to repair his face. >>> all right. here's something to smile about, from vacant properties to valued homes. habitat for humanity and the city joined to rebuild new homes on mccabe avenue. nine months from now qualifying families will get a chance to move. for three decades, habitat for humanity of the chase -- chesapeake has purchased homes to restore them. >> wart's back on for most living near that water main break in mt. vernon but repairs are close to completion. it's close to being able to test the main. this is a 16-inch main that broke between calvert and guilford streets. crews tried to fix the main. look at the size of the water main. >> huge. >>> many consider it your obligation to vote. one woman was so mad at her husband for avoiding the polls, she tried to run him over with her car. >

the two examples of the sprint center and barklies are not apples to apples because all sports venues we investigate are unique financing structures but these are examples of projects in which david equity was invested in a sport's facility and the return received by that investor for that investment. so other key provisions of the conceptual framework is that we may agree on other improvements which would be built and financed by the warriors and then reimbursed by the city and one is the fire boats and excited to move forward on and think there is synergy moving the boat facility and engineer services further south and allowing to have those activities colocated on this pier. the warriors will pay all development impact fees. we have an agreement that the port will receive 1% of proceeds from sales of condos located on sea wall lot 330 and brad mentions this benchmarks the motion of having ongoing funding stream to pay for quality of life issues. brad covers the items in the sheet and in the interest of time and operations and as well as the community benefits and work force agreeme

find that that n certain people when you have exposure to a lot of these refined process foods, not apples and oranges interet and the rest of it, but the other stuff. in certain people it really, you know, based upon very credible brain scans and excellent work really works on the brain and the reward center just l very susceptible to this. he is what you need to do. if you take -- let's just take that bottle of nasty stuff there. let's just say we take that right there. if you say that i cannot have a 16-ounce, what am i going o do if i ave an issue like food addiction? i'm going to score in some other way. you can charge me, make me run around with 8 ounces instead of 16 ounces, but somehow i am going to score this thing. you cannot do a thing about that john: you are against the ridiculous soda size thing, but you do say in your book, make three programs available to get people to detox and get off these foods. >> i didn't say it was government. i said, can we have programs. there are already in existence right now, all done by private organizations. overeaters anonymous, food addicts

find that that n certain people when you have exposure to a lot of these refined process foods, not apples and oranges internet and the rest of it, but the other stuff. in certain people it really, you know, based upon very credible brain scans and excellent work really works on the brain and the reward center just l very susceptible to this. here is what you need to do. if you take -- let's just take that bottle of nasty stuff there. let's just say we take that right there. if you say that i cannot have a 16-ounce, what am i going to do if i have an issue like food addiction? i'm going to score in some other way. you can charge me, make me run around with 8 ounces instead of 16 ounces, but somehow i am going to score this thing. you cannot do a thing about that john: you are against the ridiculous soda size thing, but you do say in your book, make three programs available to get people to detox and get off these foods. >> i didn't say it was government. i said, can we have programs. there are already in existence right now, all done by private organizations. overeaters anonymous, food add

she's in charge right now, not apple. last i looked, i would rather pay uncle sam $1 today than $2 tomorrow. stay with cramer. n you take a c. ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up that sticky plaque with more brush movements than manual brushes and even up to 50% more than leading sonic technology brushes for a superior clean. oral-b power brushes. go to oralb.com for the latest offers. and waiting in line. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamp

she's in charge right now, not apple.today than $2 tomorrow. stay with cramer. ♪ buy 5-hour energy pink lemonade and ♪ you can help others along the way. ♪ ♪ a portion of every bottle that they sell goes to fight ♪ ♪ breast cancer and i think that's swell. ♪ ♪ the more you take, the more they'll pay, ♪ ♪ so make them write a big check today. ♪ ♪ and if you're feeling a little slow, ♪ ♪ then 5-hour energy will help you go. ♪ ♪ so buy a bottle of pink lemonade and ♪ ♪ you can help fight breast cancer today. ♪ >> it's not all done in foul weather. after the bell, priceline buys kayak at a very high price.

apples. comes from winchester, virginia. locally grown. made it into a wine. real similar. it's not sweet. apply. >> what's the difference between an apple wine and a cider? >> cider is less alcohol. we'll drink two glasses. >> obviously your vineyards aren't in town but how are you a part of the event? >> i do work at tuskies. we do beer and wine tastings. and i have my wine featured there. had my wine for 8 years at the local market. it's great. >> so here's to leesburg. take a little sample. very good. and you know what, since it's not sweet, good thing we have her here. she's with lolas cookies and trees. you have been a busy bee. look at all this. tell me about your place. >> i have lola's cookies and treats. we are 100% scratch bakery. 100%. everything we do. from the butter cream to the cakes, the cup cakes, the skoens, biscuits, muffins, everything. >> i was reading about you. you were always into baking then you worked at some magazine called sports illustrated. then you came back and like winning blue ribbons at the fair and now here you are. >> when it's your passion, it's somet

however, why not buy research in motion on the prospects -- >> let me explain what's happening with rimm. the stock is up 65% in the last 90 days, apple is down 13%. it's not because rimm got that much better and apple got that much worse. there were no sellers left at $6, $7 a share number one. and number two, you've got analysts at jeffries saying, okay, we all know the negatives. if rim could recapture, get back 20% of the mobile market, they were north of 40%, now they're 10%, that would be a $40 stock price -- >> but you need to make money on hardware and money on services and -- >> i understand, i'm talking about potential. i'm not talking about what's going to happen. that's why the stock is moving. >> if you look at the fundamentals, though, the reason the stock is working because you're buying it ahead of the blackberry 10 coming out january 30th. >> correct. >> but, you know, you're not going to get this product until march, and in the meantime, you've got arpu declining quickly. i think it's a lot harder of a case to make for rimm than it is for facebook or yahoo. >> all it is is sentiment shift and i agree. >> i'd get out

. >>> apple is expanding and we are updating you on the question that and is not -- apple is not interestedswering. >>> we will tell you how much longer it will be before crews have this area cleared, stay tuned. the new color changing candle from air wick, brings light and fragrance together, to create a mesmerizing experience in your home. try the new color changing candle. something in the air wick. . >>> all right, welcome barks here is a quick look at some of the top stories we are following at 5:44, the bay area is bracing for yet another big storm, you heard steve, and the great highway is closed because of standing water there. small rivers and creaks may flood by friday and into the weekend. >>> police in palo alto are searching for a man who reportedly broke into a young woman's apartment just hours ago on hawthorn street. according to police, she woke up and that man ran away. san jose police were called out to a house fire started by a marijuana grow operation but now they are telling us it was a legal marijuana grow operation. the person at the home had a medical marijuana card

so that's apple has to figure out what's the neck thing incremental changes is not what apple is about. that's not the way we look at it as an apple fan. >> reporter: although apple no longer has its visionary, the company is still sitting on a mountain of cash. >> sometime it's going to hit a point where it finds a lot of buyers again. >> reporter: for many the question is when, not if appear logical turn it around. in palo alto, len ramirez, cbs 5. >>> san francisco sheriff deputies are usually the ones arresting criminals but tonight, one deputy is under arrest accused of robbing a bank. cbs 5 reporter don knapp tells us for all his experience, the deputy didn't do a very good job of covering his tracks. don. >> reporter: that's right. police say the man who entered this bank last week was wearing a dark hat, dark sunglasses, and a black sweatshirt. but they say he didn't conceal his fingerprints on a demand note. and that's why they have a depth >> if someone is going to rob successfully it would be a sheriff, right. >> reporter: authorities say a bank surveillance video showing a

apple has become a bit of a dividend play, believe it or t not. its dividend yield is near 2%. ld at 1.6%. i think apple represents real value when its dividend yield vastly exceeds the ten-year treasuries. >> definitely not in kansas anymore. >> apple going forward is a value stock. it's no longer a growth stock. >> what are we saying here? a value play that's a dividend play? this is simply not steve jobs' apple anymore. what about jcpenney, steve? >> bill, i'm not at all interested in jcpenney. i think you want to go with ron johnson's former company. on the fundamental side, the biggest risk with jcpenney from here forward is the fact their cash burn rate. they have half of the cash on hand now they than they had a year ago. the problem is, their investment strategy keeps switching. secondly, we're not seeing any results. i think this company is in a severe financial crunch. i think the stock has shown us that. it is heading significantly lower. >> all right. good to see you both. thanks for joining us today. maria. >> all right, bill. thank you so much. coming up, are apple

they're not going to start apple, not going to start bain.hey're going to go out and work for people who start things. if you can't talk to those people and have a vision that encompasses both, the northwesterlial animal spirits that make our xhe work and the people who are actually out there just putting in their time and working hard for -- and playing by the rules as bill clinton liked to say, if you can't speak to both of those, you're not going to be able to be a winner or have a governing majority that is stable in this country. it's not possible. >> howard, the great swing voters, reagan democrats, more conservative, many catholics, but just middle of the road people, i'm not sure they're all capitalists and tie coopycoonst. they're general pie peoplely people that go to work and come off the shift. >> there's two levels. one is that not everybody cares about entrepreneurialism and the abstract theories of joseph, et cetera. and the other part of it is cultural. people want to be left alone to live their lives in relative security with

really lets me tell the story in a way i always wanted to. >> so you import this over to ipad, not just apple book. >> no, gosh, i had no idea what a big adventure it would be to make. it took us two years to code. a year ago we had a perfectly adequate product, so once we worked out what it should be, we went back to the drawing board. coded it from scratch again. and, you know, there's a light version. if people want to try it, you can buy the real version for $12.99. it's so exciting to see people start to read it. >> what does it do that makes it different than an e-book? >> you know, i thought about what the key pleasure is in reading. it's about emerging yourself. e-books all look alike and i hate that. once you've read 50 or 60, they drift into themselves. the app looks like itself, it's on 19th century paper. the illustrations are by hand. if you want to read it it's a beautiful illuminated manuscript, you can. but at the tap of the button you can see into the world. dan stephens, he reads it to you. you can just tap a paragraph and he starts to read at any point. i love being read to

>> that's not bad. appleie's my favorite. >> i've been craving it. >> a la mode. >>> now to a somber note. it was 49 years ago today that president john f. kennedy was assassinated in dallas, a day in which television played an unprecedented role in reporting a historic national tragedy. here is the very moment nbc news made the announcement when anchorman chet hutley was interrupted by his colleague, bill ryan. >> franklin delano roosevelt -- >> excuse me, here is a news flash. two priests who are with president kennedy say he is dead of bullet wounds. there is no further confirmation but this is what we have on a flash basis from "associated press." two priests in dallas who were with president kennedy say he is dead of bullet wounds. there is no further confirmation. this is the only word we have indicating the president may, in fact, have lost his life. >> a look back in time there. >>> all day long you can stay on top of the very latest developments in those stories and others as they break on msnbc. and

you're not seeing the big gaps, that suggests to me that the stock could be poised to go the other way. >> huge thing, this is a short term call. long-term, apple is not the stock it was once. >> there have been a lot of high-profile apple haters. for the most part they've been right. first marc faber and then doug kass and then jeffrey gundlach. now he's known as the bond king at least. that's what baron called him. he's had huge stock calls as well, including the fall of bank of america. what's he doing with apple right now. jeffrey gundlach is the ceo and founder of doubleline capital, an asset management firm that's raised $50 million in three years. you're short apple. at what level and where are you going to? >> well i basically recommend to investors, get out of apple. and aggressive investors might think about shorting apple when it was about 610. way back in late april of this year. and it went down at first and it went all the way up to 700. it hit 705 intraday. today dropping down to 505 on a $20 drop in the morning. i really think that apple is probably going to go higher in the short-term. >> i think all the markets are at major re

. >> that is not a small business. owning 40 apple bees are not small. >> there are other exples. >> let's take care your logic. he's not a small business. you would think he would be able to absorb the costs. he can't. if you are talking about a mom and pop shop they can't absorb that either. >> who is likely to be better capable of absorbing obamacare? small business or corporation. >> corporation, because it is easier to lay off people and keep the productivity. why has this recovery been the worst on record since any recession since the 30s? it is not true, rick. you are saying something that is factually incorrect. >> hold on a second. clear your throat. >> the growth coming off of financial recession typically is in between four and six percent. any recession that lasted more than nine months is one and half two percent. why are people are not hiring. because of expenses. >> morgan the president admits it s an anemic recovery. >> we have weak global demand and that is contributing to the fact. >> the chinese faults? >> that adds

why not buy apple, exxon, walmart, google, and ibm all of them combined. >> not just as a group, but up. you could buy 30.4 billion shares of apple today. that's even more than steve wozniak owns right now, i'm sure. and this is my favorite. with that money, you could buy $53 million mcdonald's franchises. >> yeah, or -- >> and here's your favorite. >> the hope diamond, but not just one hope diamond. you could buy the hope diamond 64,000 times. that's a lot of bling, bill. >> in your dreams, drury. in your dreams, right? >> okay, so that's what you get for $16 trillion. >> that's a lot of dough. there's the number. it continues to climb. >> okay. coming up next, folks, we're coming back with the closing countdown. >>> after the bell, the latest "twilight" movie looks like at blockbuster in the making. we're going to look at what that film means for the company l lionsgate. >>> and delta is digging through the airplane graveyard. where it could help them fly above the competition. we'll be right back. melons!!! oh yeah!! well that was uncalled for. folks who save hundreds of dollars sw

apple says it sold 3 million ipads. we're noture how many of those are the new mini that went on sale on friday. there is also an ipad 4 that went on sale on friday as well. 3 million is an astonishing number with the storm on the east coast. apple has the mini and ipad 4 and still selling theg<&iÑ ipadd the ipod touch. when you think about it, those are all the same product. back to you. >> they are, aren't they? the apple store is packed. i was there yesterday. >> how was it? >> it was great. >> christmas. >> you have to be good, though. >> that's going to be tough. >>> all right, christina loren, we know what is happening in the weather. >> good morning. the weather is spectacular. there is no fog in daily city. very unusual for this time of year. these are the current readings. 73 in novado. 73 in napa. 68 degrees in the south bay. part of the reason for the warm up are the breezes that are picking up. they are dry northerly breezes. they are pushing from land to sea. you can see east, east, east, fairfield and concord and na

you would find that there was very little inflation and i nine hundred seventy is either so it's not an apples to apples comparison but the other reason that the inflation hasn't already manifest itself in even higher consumer prices than the ones the government is hiding with you know phony numbers is because of the accumulation of dollars globally because foreign central banks are absorbing so much of the inflation that the fed is creating that money is not bidding up the prices of goods it's bidding up the price of treasury sort of advice of mortgage backed securities so we're not seeing the inflation's impact fully on consumer prices yet. our creditors the people who have been buying bonds are going to want to get rid of those bonds and buy real stuff and read all about inflation is going to hit the united states going to kind of like a tsunami right i mean look at her look at the u.s. is borrowing costs i mean you hear up there up a chart of ten year treasury yields i mean we've just seen them really decline so why despite the u.s. has continued borrowing despite the downgrade of the u.s.

. >> it's not just apple. you know obviously apple is the best known of the companies that qualcomm works with but it works with others as well. like samsung. i really like this, it is enjoying very, very good momentum. blue-- recently gave healthy guidance which is a stark contrast to other chipmakers and you think it is going to vb a big 2013. a lot of analysts are saying it is huge opportunity for qualcomm in emerging markets like china. also the next version of qualcomm, processor during the first quarter. >> tom: new products are always important and emc has several coming out if data storage but what about uncertainty surrounding corporate spending on technology for the data storage giant? >> well, you have to look he type of areas that emc plays in. it can be data and cloud which both still booming. also emc has a majority ownership stake in-- a data virtualization company that ed bos well. they have a lot of new products on deck for the coming months and i think that will be good news for the company's

customers to be the first to get their hands on the smaller ipad, stood in lines that were not as long outside bay area apple stores. the lines were not as long as those seen when apple debuted some other products, including the iphone 5. many of those sold were mail ordered, but many say the price might be too high for a lot of buyers. >>> family of a san mateo man electrocuted by a towned power lines take -- downed power line is taking act against pg&e. >> tonight, thanks to a generous donation, this small business is back up and running. we'll tell you how it all happened coming up. >> your weekend is right around the corner, we have fog to talk about, and which day on the weekend we can see temperatures in the 80s. when i see that our schools are 47th in spending per student, i just can't accept that. our schools shouldn't be 47th in anything. proposition 38 bypasses sacramento, and makes education a real priority- with the funding, to our local schools and the accountability from our local schools... that we'll need to improve student learning in every classroom. so we can stay 47th... or we can choose

look at apple over the last five years. that's not something that is bear territory. what's the replacement for the institutional money manager besides apple? >> sure. you know, this is the thing. we have a hold rating on apple. people that want -- it is such a -- >> what's your price target? >> 600. upside from where we are today. right now. it is -- i understand the point. it is apple. fantastic company. we also have to realize that, you know, we have the product refresh going on. that -- there is -- equal amount of downside risk as upside risk to the holiday numbers. if you are looking for the stock to -- you know -- >> what's downside risk when you are talking about holiday numbers? obviously you are talking about the number of iphone sales. could you draw for me what's the line in the sand about how many they have to sell? you say you know what, joe, you are completely sxwrong i will accept that you are wrong. is it 40 million? 42.5? >> you know, listen, our estimates is 49. right. >> that's a great number. >> yeah. great mum. most people are out there talking abo

erin, why are you sticking with apple? >> not only if you look at the chart but fundamentally. in may, they bought motorola. when they made their earnings announcement in mid-october, you can see that huge drop. apple is trading at 40% less on valuation. it's also lower than its peers versus google. so you can get similar long-term earnings growth, about 14% long-term growth versus 16% on google, but you're trading at a 40% less lower valuation. you're looking at the next 12 months earnings. it's a that brainer. not only that, but apple pays dividends. >> i think a lot of traders are ju jumping into apple here because, yes, they have tremendous amounts of cash on their balance sheets. i think what they're trying to do is own am, they want to rent apple for a potential special dividend. if they get the special -- >> they paid one dividend. they have so much cash on the balance sheet. even if you pay one special dividend, they still have offered guidance and they're going to continue to pay dividends. we're still looking at a 2% dividend yield going forward regardless of the speci

that might you think they would get a discount but apple does not roll like that. >> you will get it is is the price. all their apple products it does not matter what it is, this is a prize in people as flock to it. if you ask them if they just have to get their hands on it. they already have ipad spell. the reason i want to many ipad is because they can put in the pocket. that is the only difference. i guess for them size really does matter. >> i wonder if it's worth it court? >> they took apart the ipad mini and they discovered a samsung display driver chip. apple is using victory in screen technology. this is by adding caourts. we had jumped in the number of americans hired last month as u.s. and players at a hundred and 71,000 jobs in october. all sell the number of jobs in october was revised. it was hired in fact 45,000 more than estimated last month. the employment rate jumped from the work force and counted as unemployed again. from hiring stamper we did see an increase. we will see how this plays in tuesday's election. >> the hunt continues this morning for the arsonist torch

liz: and a market check look at apple down more than 1% as the new ipad did is hitting the stores noty but huge line the die-hard apple fans to not want to miss the launch a few did lineup for the 86 per usually when apple launches the stock does go down. but look at groupon shares in the red hitting record lows. and has fallen nearly 81%. the sec has asked groupon for financial disclosure so now the sec has more questions. according to "wall street journal" they repeat repeat -- reviewed of their disclosures. here is the one-year picture not good. wall street places bets but not what is typically a normal that only the election but becoming confident about the fate of the new york marathon. >> charlie gasparino? >> there firms are sponsors they tell me the new york city marathon they believe is canceled. do we have confirmation? we do not. there has been an uprising in the city. personally i think they should have it. at some point* we have to get back to normalcy but is hotly debated. in the financial community people are hearing it is done in. it one not have been. you often do it.

to your point about 2010, let's not compare apples to oranges.idterms is minority voters and younger voters stay home. sure, you can win a pennsylvania or an ohio or a michigan in an off-year election when basically white voters are the ones coming to the polls. when you add the ethnic dimension and younger voters, it becomes harder for republicans -- >> i think that's ridiculous. >> let's get away from the ethnic for a second. talk about this, john feehery. i just watched "lincoln" last night. so it's all over my head with thaddeus stevens. tommy lee jones steals the movie. it's an amazing part. and daniel day-lewis is fabulous. nobody as good as tommy lee jones in this movie. anyway, you talk about the tenth amendment in the south, why is the tenth amendment, which reserves powers to the states, so much an issue with republicans? why do they love that tenth amendment so much? is sounds like the civil war to me. your thoughts. >> my thought is i would prefer to talk about things not constitutional arguments, but the tenth amendment movement is a

not everyone owned apple.y investors missed apples, embarrassingly missed apple going from $365 last invest to $705 this summer. this is the chance. if you missed it, this is the opportunity. could there be a little bit more downside? always possible. but the risk reward is so positive here. if you missed it, this is your chance. >> good to talk to you. thank you forli that reasonable judge, and john alluded to it, that there were several margin calls and liquidations of hedge funds over skis in apple and i know a number of hedge funds that have in excess of 15% waiting in the stock and understandable. look. i think what happened is apple is kind of a leverage capital play on the equity market. and just as at 700 it was at the absolute peak in terms of funds inflows in to the name. in the last two weeks, it's been the polar opposite. acted as an atm machine for hedge funds, to raise cash. i think this is perhaps close to a generational opportunity in the stock. >> that's what joe called it earlier. he bought i

industry has been shrinking for awhile, not just office max but office depot and staples as company shifted away from using lots of paper towards digital solutions like apple. meanwhile there's not that much demand for the technological devices some of the companies sell which have become increasingly commoditysed. just witness hideous performance of best buy. despite all these big perceived big picture, office max has been rallying like crazy. stock has run up 122% for year. and it's fallen from 4.26 from the beginning of august to nearly $10. right now where the stock is less than a point off its 52-week high. what the heck, right? five months ago this stock had been left for dead. but now somehow office max has managed to find new life and become a monster good performer. just when you expect the company to be take it on the chin. what the heck is really happening at this company? could it be that perhaps we're simply wrong about the sector? maybe that's the judgment. that the office supply business is much better than we thought? and office max is leading the charge? no no no. that's not it. we know because while competitive office depot is up 56% for

not there and is running with it. i think he's cannibalizing his own products. > > andrew, we took our camera over to the apple store on michigan avenue, and virtually no line there for this mini ipad. that does not bode well. you mentioned the price of the stock, but at what price does this become a buying opportunity for somebody who did not get in on apple the first time around? > > it broke through that 200- day moving average of $588, so now my stop is going to be above $588. but i think it can go down to $571 first, then i think it could possibly have a date with $520. > > thank you andrew. have a good trading day. > > thank you. that does it for today. coming up tomorrow, how to get your portolio election-ready. from all of us at first business, have a great monday.

not apple's problem. at least in the near-term future. >> exactly. '08. 20% in '09. most companies in tech saw 30% declines. if you are worried about a recession, apple is a bet are way to play it. especially with this valuation. >> do you think friday was the low for a while? >> i think it -- i think it was. >> 505 train day. >> exactly. i will give you an anecdotal story. last week we put out a note on apple. i got a ping back from a friend in china. far flung place in china telling me to be aware everyone is shorting apple. when it is out to people in china that they should be short apple, it is over. the bottom is in. that's the way i feel. >> brief bit on the dividend. pays about 2%. right? little less 2%. you think it will go 3% to 4%? >> that's reasonable at this prays. 16 to $21 dividend. 1060 it currently has. look at intel and payout ratio, you would have over 4% dividend on apple. >> are there signals that's imminent or coming in the next few quarters, months? >> yeah. the exact rate we don't know. but i think -- i would be shocked if we do

that's not in the playbook -- >> welling we'll see. >> we're in a vacuum of information when it comes to apple. what have they traditionally done. >> playbook was not a dividend. you see ten for one split, sharply than expected number. these are things, in other words, i don't think we'll see but it's what we need. the last two quarters were horrendous but we gave them the benefit of the doubt because we had supply problems. you need them to say there's tremendous gross margin expansion. can they say these things? i doement know. it's what you need to hear. >> now let's talk about jcpen y jcpenney. massive miss for jcp. posting 93 cent share loss, well below consensus estimates. citing more than 26% drop in same store sales. yes, 26% drop. and higher than expected level of clearance sales. the latest setback for ceo ron johnson who was lured from apple to turn jcpenney around. hence, the two stocks collide. apple and jc. y. this is a confusing story. are they antipromotional or promotional? how can you be antipromotional when you say there's 30% off clearance item, $10 off coupon, free haircut

have not committed to an apple. three tenths of a mile livermore the rest of the bay area is clear. eryone is waking up to cooler conditions fog trucker four shows into the 9:00 a.m. hour not only would be chilly but we will continue to see cloud cover. extensive around the bay area impacting the waters. even our inland spots. about 12:00 p.m. we will start to see clearing. it will not be until about 3:00 p.m. that we will see mostly sunny conditions and high clouds and the debt stance. i have been talking about how chilly it is. 43 in santa rosa. 49 for fairfield concord. 51 in san francisco. into the afternoon temperatures in the upper 60s low seventies. because of the cloud cover the sunshine will not have the opportunity to warm things up. expected mileage than milpitas 69. 70 in about health care to the east bank mostly sunny skies low seventies for fairview, antioch, walnut creek. concord at 68 carries. 67 on tap for hayward. pleasant conditions and the north bay. upper 60s nevada and petaluma. and 64 in san francisco. your kron 4 7 day around the bay forecast shows mild condit

apple of the world and also the rim as well. >> rim aside, you haven't got a good -- it's not that you don't have a good relationship with apple, you don't have a relationship with apple. that is not the tablet that has taken over the environment, it's the ipad that's taken over the environment. do you have a relationship, you mentioned l.e.d. lighting, you mentioned smart tvs. had you already had those relationships in place the way you do disk drives and some of the other things you've been able to sell a lot or is this something you have to actually go in there and get your sales people in there and say, we are a chip company that can provide you? >> today, it's actually the way we engage and the way we empower the high-tech industry is going from real high, i call the top down approach. it's going from operator of the world because operators love to work with company like a marvell, because any type of technology they require and they look at the marvell mcgyver bag and they say, well, you've got all the tools! how wonderful. it's very efficient, very effective. our company invests deeply in software. we believe if we want

. >> a judge found that apple did not violate patents owned by sam songs and making the iphone the ipadin the ipad. a final decision is expected in january and if apple is found to and friends and it could be banned for sale in the united states. apple and samsung have been taking their bruising patent disputes to through 10 different come to it countries. connecting the facebook will be a little slower for people but there is a valid reason. it is moving its users in north america to a internet connection that is not as fast but more secure. it will be an age dpp pass connection instead of the http. this will slow things down only slightly. users who do not like it can opt out. >> this is 6:12 a.m. and we will have a full check on the weather coming up in just a few minutes. >> rain has pounded the pacific northwest. we have video coming in of the wet roads in portland oregon. some of the streets are flooded out to. it is not just raindrops. the storms ls 200,000 people without power and at least one death is connected to the storm. nearly 2 in. of rain fell in just six hours yesterday