it is a great generator for apple, and if it is not growing, apple is not going. rishaad: i guess we have to wait for the next iphone, the next iteration. the iphone 7. could that change the game? paul: historically that has been what has happened. iphone 6 was the big generator recently. 7 is the one people are looking forward to. the trouble apple has is that is not obvious in the future that it will change things. the market for smartphones is an increasingly mature market with not much innovation. 50% of people never upgraded their iphone 5's. that's the problem apple faces on the 7. rishaad: are investors looking at apple and not giving credit where credit is due, given these record profits? you can't take those away from them. paul: no, you can't. but by the same token, it's expensive for a growth stock, because it's not truly growing. it is not achieved as a value stock. 2% yield, something like 2.5 times sales ratio. the company is stuck in the middle. it is transitioning finally for being a growth to a value stock. rishaad: thank you very much indeed for

matt, they are investigating ireland, not apple? why would apple get hit with the bill?ch: thank you for having me. the european commission's investigation is looking into to decisions that ireland made that affect how apple calculates its taxes in ireland. apple has been under a lot of heat for the way it transfers money and revenue amongst its subsidiaries across the globe and part of that is a way to capitalize on tax of damages in different jurisdictions. the european commission is looking at whether or not ireland has fairly taxed apple in ireland. emily: amazon, starbucks, mcdonald's caught in the same investigation. apples foreign tax rate is 1.8%. that could go up to 12.5%. that is a huge difference. matt: that is correct. when we put out these analysis, we try to give a worst-case scenario. 12.5% is the going corporate tax rate in ireland. the way apple's taxes are being calculated is based on their operating costs and what the european commission did is look at that decision and said, because of the volume, it might be more appropriate to base their taxes on pr

apple watch. it's definitely making an impact. i'm notwatch is the game changer that apple needs like when it came out with this raft of new products after steve jobs came back to the company. people are looking for more news on applecart. that is not going to happen for several years. they want to see some movement on apple tv. as we reported, they have had trouble getting the agreements they need and getting the entertainment industry to sign on to some kind of big revolutionary apple tv product. matt: it's a beautiful product. i've got the new one. i am looking for content that is not there yet. the entertainment industry is concerned about becoming the music industry. they don't want apple to decide how to price the movies. matt: when i take a look at the analysts, i can see that they are very optimistic. looking at the bloomberg terminal, this is the anr screen. you see the climbing greenline which is more and more analysts boosting apple stock to a buy. 85% of the analysts say you should buy it. the right line as they share price an

not over yet. we're gearing up for apple earnings after the bell. our question this hour, could steve jobs' ultimate creation where he unveiled the iphone in 2007 end up being the downfall of apple this time around? a bull/bear battle on apple's iphone dependency. and the 2016 candidates are heating up the iowa campaign trail by pressing the flesh, gathering new endorsements and even doing a little old-fashioned mud slinging in the iowa caucus as it nearses. carl cameron on the ground with a live report from iowa, plus our political panel on who would win a trump versus bernie faceoff. can the bulls erase the bear paw prints from the dirt yesterday? we're less than an hour from the closing bell, so let's start the "countdown." muck. ♪ ♪ liz: bring out the fine china, the bulls are back. at least for this second. okay, let's not get hysterical. the markets are jumping, and you can see lots of green on the screen. the reasons? well, number one, maybe they were simply oversold. the skids are greased with an oil rally, plus consumer confidence so far in

daniel, you are an apple analyst, not a gopro analyst. have been asking people what they think about your suggestion, and everybody is telling me apple would never buy gopro. what do you think has happened. it is about then going from a content perspective and really from an action-based camera. gopro has not been able to monetize it at the level that investors expected, but when you put it in apple's ecosystem, it has a potential fit. this is definitely more of a far reach, but you have to put it in the spectrum of potential apple releases. emily: you don't just think apple would buy gopro, you also suggest potentially netflix, fitbit, box, tesla. really? guest: yeah, cory and i have talked about it before. this is not within apple's typical playbook. the biggest thing they have bought is $3 billion. but now it is, chop your waters. they will have to navigate outside of the smartphone. on the consumer side, there is building pressure for them to use $200 billion plus to expand the market. you look at netflix, it's not typically in the pla

not apple manufacturing which makes $600,000 per employee but at burger king, taco bell or del taco there will be fewer employees. it's arithmetic. i would like for retail and salespeople to be paid more per hour. i would cough up to pay more but it won't happen. it will cost jobs. it has to. it's math. >> he may not happy to pay more. there is a limit on how many americans would. that's what leads to these company that is lay off people, right? i wonder what happens. >> if you raise prices people buy less of it. raise labor prices, people hire fewer people. 3% of folks out there make minimum wage. it's not a big deal. the thing we should focus on is median income, not minimum wage. >> what do you think? >> first of all, a hike in the minimum wagele affects all wages, lifts all tides. >> you lift there and the others will be lifted. >>> the advantage is if you hike minimum wage they have more disposable income so they will spend it at burger king and mcdonald's. >> why not triple it for everybody? >> i would be happy to do it. great idea. >> you would? >> thrilled to do it. i don't think

not apple manufacturing which makes $600,000 per employee but at burger king, taco bell or del taco there will be fewer employees. it's arithmetic. i would like for retail and salespeople to be paid more per hour. i would cough up to pay more but it won't happen. it will cost jobs. it has to. it's math. >> he may not happy to pay more. there is a limit on how many americans would. that's what leads to these company that is lay off people, right? i wonder what happens. >> if you raise prices people buy less of it. raise labor prices, people hire fewer people. 3% of folks out there make minimum wage. it's not a big deal. the thing we should focus on is median income, not minimum wage. >> what do you think? >> first of all, a hike in the minimum wagele affects all wages, lifts all tides. >> you lift there and the others will be lifted. >>> the advantage is if you hike minimum wage they have more disposable income so they will spend it at burger king and mcdonald's. >> why not triple it for everybody? >> i would be happy to do it. great idea. >> you would? >> thrilled to do it. i don't think

what we need is response from apple to say we have a problem here, not just in apple but all over silicony. what is it within ourselves that we need to change. is it the message? do we not have enough recruits? if we don't, what are we doing to bring those people to us? apple is very influential and they believe they can instigate the changes at a given stage. years talking roughly 50 since the civil rights movement has occurred and we are still having the same discussion. maldonado, apple investor. thank you very much. we will be waiting to see if apple shareholders vote on that this year. of 2015's highest flyers starts the new year on the skids. ♪ emily: the winner at the box office. the disney movie taking in over $90 million. star wars has now grossed over $740 million in the u.s.. it is now just $18 million a avatar." behind " the stock was hit hard by an analyst downgrade. netflix shares were down 8%. last year they posted a gain of 132%, robert baer drop the stock .his morning joining us now from l.a. is lucas shah who covers entertainment and david kirkpatrick still with me. let

it says the technology wasn't invented by apple. >> first of all, it's not that steve jobs want a genius or that apple wasn't a wonderful story. steve jobs was great. the narrative we tell around him as an individual and the company completely misses this intervention. the story is that every technology that makes an iphone smart and not stupid was actually publicly funded. the internet, gps, touchscreen display, even siri, the voice-activated system that never works for me but is apparently a great thing, were all funded by different types of public institutions in the u.s. where is that story? >> you argue this is part of a pattern, that you can go into industry after industry and you'll often find the basic -- some of the key basic innovations, much more than people realize, were publicly funded. >> absolutely. what's interesting is it wasn't just about the basic science. this intervention, which was strategic, courageous, mission-oriented, and direct, included the basic research, applied research, and even early-stage financing for companies themselves, because let's be honest, most

daniel, you are an apple analyst, not a gopro analyst. ve been asking people what they think about your suggestion, and everybody is would -- telling me apple never buy gopro. what do you think has happened. guest: you have to take a step back in this market. you are seeing a lot of one trick ponies in gopro and fitbit. there will be more where there are clearly winners and losers. in terms of apple for gopro, it is really more around the virtual-reality capabilities. going from ahen content perspective and really from an action-based camera. able tos not been monetize it at the level that investors expected, but when you put it in apples echo system, it -- a potential fit their apple's ecosystem, it has a potential fit. this is definitely more of a far reach, but you have to put it in these per -- in the spectrum of potential apple releases. you don't just think apple would buy gopro, you also suggest potentially netflix, fitbit, box, tesla. really? guest: yeah, cory and i have talked about it before. this is not within apple's typical pl

not from apple. not from any android device. >> 184. someone can ride. >> the person of 230 miles away can crawl into it and the rescue. big enough to hold one person. you can send it on empty and someone can be brought back. it is kind of cool. teresa: it is an airplane. >> it is a drone. only a really big one. [laughter] i do not know how to pronounce it. teresa: it is cool. it is a spoon. you cannot hold the spoon to it will level lies. depending on how you like to say it. there is an app store. you could just throw them in there and have whatever craft beer you want in three days. teresa: we have one left. it is a really simple camera. you press the doorbell and it rings. you get to see who is out the door on your app. we have a lot more still to come this morning. new breast-cancer no way. savor an egg mcmuffin any time you like. a fresh cracked egg, canadian bacon and an english muffin with real butter. mcdonald's all day teresa: the controversy over when women should be screened for press cancer is back. the final recommendations

i'm not so bearish about apple. every time this stock dips down into the mid 90s i'm a tempted put seller i have to say and i have done that in the past. i was looking to do it today, had a pd to look the other way from my streen. you could have hold the march puts for 3.5 times. i'm taking the opposite side of dan. this thing is a big bucket of cash at the bottom of this balance sheet and they will have another 50, $60 pll in cash a year from today. so from my perspective even though it might not be the growth story is once was i have a hard time seeing as much down side risk. >> it's a stock that easily could have gone down to the flash crash low to 92 and it sets at 102. >> it got close. sometimes you can say that a stock is fair price meaning whether you are doing it fundamentally or technically there is not a key level to look at or suggest some strength or weakness is imminent. that looks to be the case here. we have had a little bit of a bounce. a stock that's come down 30% from its high and probably belongs

apple? chris: i do not think apple cares. i do not think it is in their bones. do not think they don't care enough. particularly with apple, i think they go in a different direction. they don't care as much about the human or social elements. i just want to be clear about this, though -- i don't think twitter should sell to them. there is literally unlimited potential in what twitter can build to get to 100 million more people. if they do that, the stock will be trading in the $70's, $80's, and $90's. that is why i am not campaigning privately or publicly for it to be sold. if the board stops believing that at any point, i don't see anybody on the board that would block that sale to someone who think they can do a better job of it. i think sometimes when of the founder is still running the company, people just defer to their judgment. i think you are allowed to be weirder and a bit more eccentric. people are just like oh, that guy, he is in the future. i think because dick doesn't have the benefit of being the founder, and people don't give him that benefit of t

you own the iphone but you will buy other apple products and that is starting not to pan out. ne are the days of this growth stock that was apple. look at the cash on balance sheet and realize that. but going forward, the slowdown in the iphone sales, slowdown in the mac growth is certainly concerning for company that comes into this lull in the product cycle, this hope on iphone 7 which i think is overdone, this flop in the apple watch, i just don't see how the company will go back to crazy multiple days with the situation it's in. melissa: christina, the only thing i agree with there that i think scott just said about the watch but the rest of it, i mean if our house resisted apple till the end. we have more ipads than you can trip over. everybody has an apple device. maybe a bit of a slowdown in the economy right now with consumer around the world, that's what we're seeing in apple but it is poised to rebound when the rest of the world does, whenever that is, what do you think? >> that is certainly a possibility. i'm not really concerned about the mac sales. they missed ther

some comments about what the process will be based on the projects compared to was proposed not apples to apples comparison all the projects can come from all over the city and triggered the conditional use authorization or some type of requirement but some of them can not come before the planning department unless a discretionary review so all the projects without this program will trigger and conditional use with the necessary and desirable criteria ensue under this program whether they would have triggered the hearing they've take advantage of the program will be required to go through one entitlement streamlined entitlement be in front of the mravgs modeled on the discretionary review conditional use in the eastern neighborhoods so similar because that's a requirement that projects come to the planning commission we don't keep up the discretionary review application the appeal process will go through the board of appeals. >> i can answer any further questions about the appeal process that is through the board of appeals like the large project authorization. >> what it says here on

not going to be so great. deirdre: jonus, it look like apple went to great ledges, jo ling kent mentioned this, to include supplement about currencies and stronger dollar is hurting them, that does not change apple's competitive position anywhere. >> that a short-term phenomenon, they cannot rely near-term on the emerging market growth. at the end of the day there is nobody else making a product that is beating. they were losing growth to samsung, the watch they are secretive about. who has a more successful watch? it is a success, yes, they are a half billion dollar market cap so you don't note it is yet, but that does not mean in 5 years, it may be next thing this wipes out the iphone. they are innovating making software and hardware, i have to get growth. i just got a mac 5, i have been sucked into pc's since i was on wall street in the 90s, i am neff going back, i still have not done my android switch. they there is still domestic growth to be had. yes, are china sales going up of quarter deep double digits no. but it does not matter. deirdre: developers -- this halo affect that nobody can really dispute, gary,

will be interesting to see whether or not facebook can buck the negative earnings trend playing not just appleel as well. betty: indeed, thank you so much, abigail doolittle at the nasdaq. facebook, already the world's most popular media site. one point 5 billion users, but that's not always enough for investors. wall street wants to see a company is gaining more users with its monetization strategies. joining us now, we are always looking for the average revenue per user, right? aside from that metric, what else will be be looking for? -- will we be looking for? expectations were strong, because the core business was doing well. the consistent growth and the daily active users over there. and the iphone numbers, as you mentioned. the video will be the focus for 2016. they are going to come out and set the expectations for what the revenue impact could be from that. betty: let's take instagram first. ats got something like -- is 400 million users or 600 million users? jitendra: 400 million. 400 million users on instagram. how do they monetize people on instagram? it's the same playbook they us

if apple does not have china to support its growth, apple is not growing. apple is contract to.osition for apple to be in. i think that the apple will fall. i think you will have a lot of volatility. when the traders get a hold of a market that moves like this, they take advantage of the big up-and-down. anything that we have on the horizon, if we look back home a it was always the fed. they always came out and said they have tools. now, all of a sudden, you are hearing these whispers of asset bubbles. when you remove that safety net, you will ultimately have a very ugly and to it all. stuart: do you think that they will reverse course? we will resend it. of course. that was their plan all along. they were out of options. the only thing that they could do is take back what they already gave. the interest rate hike. you will probably hear that talk very soon. that is quite a prediction. if they back away from the rate increase of last month, people would not say they know what they are doing. they knew that they created this monster. they knew that the market was the date it to l

that legacy product is going to take apple for at least another decade or two decades, right? emily: you are notng your apple watch, but what do you think so far? tony: i think they did a brilliant job with the hardware. in terms of the changeable bands. i ran out and bought all sorts of bands. from a software persepective, i think it's early days. great products become great after iteration. it's just getting started. emily: is it something you could see yourself wearing everyday? tony: i can wear something like that everyday, i just won't charge it every day. emily: so they need to work on battery life? tony: i think everybody needs to work on battery life. emily: so you volunteered to take on fixing google glass. tony: yes, i did. ♪ emily: so you volunteered to take on fixing this. google glass. tony: yes, i did. emily: why? tony: why not? no, seriously. look at things we wear on our heads today. we were glasses, you wear earrings, other people where -- wear earrings. we put on headphones. to think that all of a sudden that nothing on our heads is somehow imbued with connectivity is shortsigh

i was a technician at apple, technicians are not eligible for stock options. i didn't have a stock option. at that point, apple had gone public. i just badly wanted to an engineer and so, steve hired me as an engineer on the mac project. and so, of course, i was grateful for that. very grateful. >> you can be sure to watch alex's look at the real story of steve jobs. catch the film, steve jobs, the man in the man machine. it airs tomorrow night at 9:00 eastern. you are in the cnn news room. in tonight for poppy harlow. a new terror recruiting video focusing on trump's ban on muslims strap ling to the united states. the front-runner announced that plan, saying if he was president, it was something he would put in place and he did it in the wake of the san bernardino shootings last month. it was apparently released by al shabaab and it labels the u.s. as a racist society that will turn against its own muslim communities. trump is hours away from a crucial appearance in the deep south. thousands of supporters are expected to rally in mississippi. some trump fans m

based on what you're finding on the ground in china, do you think things are tough for apple or not? >> overall in china, the numbers -- it doesn't show significant slowing in momentum towards customer sentiment towards apple and apple products. based on our survey results we don't see any reason for tim cook to be less optimistic now than last quarter. >> thank you for now. >> more insight on the chinese consumer, coming up we'll have instant analysis and reaction to earnings when we speak about dan niles, shorting the stock for the last few months. >> he's an analyst and trader and he's good at both. let's get to our closing bell for tuesday. she made her way through the 3 feet of snow there in d.c. and with sun america funds and keith bliss and rick santoli joining us from chicago. volatility continues and you still have to look to oil to be mindful of where the market is going to be? >> i would lo say it wasn't the idea but all you have to do lay charts over oil and see moving in lock step. i wish it was more complex than that and it should be. most human based traders and machine

apple product cycle at the iphone, where demand typically does a dip. we saw this a couple of years ago. they have refreshed models that look similar and they typically do notl quite as much. we know apple is likely to go ahead with iphone seven. will this have a big impact on that? adam: i think some of the concern is last year, tim cook be aery adamant this would new product refresh cycle, they would enter new product categories with the refreshed apple tv. results from that have not , still nothinget on the scale of the iphone or the ipad yet. i think investors are further realizing the iphone is really what is driving this company's business. any weakness really makes them nervous. let's keep this in perspective here. we are talking about a company billion.over $200 this is a country doing just fine. immensely profitable. in terms of investors and where the stock is valued, they look at any sort of slowdown as an area of concern. there is an overarching question around apple about what the next big innovation will be. the iphone has been a huge success. people are looking for what is next. betty: how much of a stronger dollar hurt apple? adam: i do not

apple. if you look at the spider sector k, it is down .1%. nota huge decline despite this decline in apple and its suppliers. others bouncing back from declines yesterday. microsoft come out that, facebook all higher. -- microsoft come out that, microsoft, alphabet, facebook. david: expanding gun background theks will not trample on rights of gun owners, the president calling for more action to stem the gun violence and saying the status quo is no longer acceptable. contrary to claims of some presidential candidates before plotmeeting, this is not a to take away everybody's guns. check, youbackground purchase a firearm. david: paul ryan and other republicans denounced the move as executive overreach sing the effort will no doubt be challenged in the courts. -- saying the effort will no doubt be challenged in the courts. what does all of this mean for gun dealers and owners? bloombergbring in politics -- we've talked many times about gun control and firearms. if what you heard today was measurably new from what the president proposed. >> the presi

really, not apple's fault, anybody who wants an iphone that can afford it already has one. the city council approved an expansion of san jose, near paypal. apple was already renovating several buildings and now it can get even bigger. sony says it's moving its video game network to california. we think san mateo will be the home for sony video games as well though we only know california, not san mateo for sure. >> i know someone who would love to be a tester for video games, that man right there, scott. he's all over it. >>> get out there and enjoy the bay area. >> yes. you should take advantage. there will be big changes on the way for the weekend. as we start out this morning, not as much fog as we had the past couple mornings. mostly clear start and a lot of sunshine today. look at the bay bridge, looks like it's rolling slowly and the headlights across. as we look at the 7-day forecast coming up the bottom of the screen, you will see how our temperatures go down into the weekend and early next week. it is cool in san francisco and the peninsula, we drop in on the north

how do go and find another apple? not one. cloud services, go deeper into the supply chain, do more. they are making robots. with softbank and alibaba. they are trying to do other stuff. but apple is so huge. they are having a hard time finding a supply that can surpass apple. especially when you are a company likes foxconn or pegatron. it is hard to find a big enough client that can surpass apple. emily: interesting. bloomberg's covering the supply chain in taipei. thank you as always. it is time now for today's edition of the best day ever. actually today is the worst a -- day ever. sorry microsoft, you get the prize. surface tablets are hitting the big time for the wrong reasons. the devices stopped working in front of 50 million users at an nfl game. windows marketing chief defended the product saying, today, on rare occasions, the stadium has network issues that prevent the delivery of issues to surface devices. although microsoft has a $400 million deal with the nfl. it's surface product has taken a beating with sportsca

yet he won our hearts by convincing us that apple represented a higher ideal. it was noties. it was different. >> good morning and welcome to apple's 1984 annual shareholders meeting. i'd like to open the meeting with part of an old poem, a 20-year-old poem by dylan, that's bob dylan. "come writers and critics who prophesize with your pens and keep your eyes wide the chance won't come again. don't speak to soon for the wheel's still in spin and it's no telling who it's naming. for the loser now will be later to win, for the times they are changing." >> jobs loved dylan. maybe because he wasn't just one thing. he was a storyteller who could be whatever he wanted him to be. >> i don't even know what "all along the watchtower" means. i think it is one of the most beautiful, haunting, brilliant pieces of poetry ever, and to me, it's like steve. there must be some way out of here, said the, what is it -- >> said the joker to the thief. >> he's both. ♪ ♪ said the joker to the thief ♪ there's too much confusion ♪ i can't get no relief ♪ ♪ >> there's something going on here in li

apple. right? so this is not a consumer electronics company. this is basically a utility now. >> what did intel tell us about the health of the pc environment. these guy get half of their sales from overseas. what do we know about the dollar? these are stories that worked well in 2014 and 2015, less in 2016. >> xbox and gaming and facebook making full stock, right? >> but if there is wisdom in price, and there is, we're taking the wisdom that netflix was acting poorly today. that means something is wrong. and guess what was acting well today. this one. i think you've got a limited downside because of the support and with a little luck that outside move is the upside. >> if you want to press longs after the rally after the low this is week, you want to do it where you are risking a relatively small amount. so you could run out and buy stocks right here or you could buy microsoft or you could turn around and sell it. something i think would you be foolish to do. >> pcs, by the way, wasn't the weakest spot for intel. it was the data center number

apple has surprised us and delighted us with new and innovated products, although that has not happened for a while. the apple watch was supposed to do that. they've sold in the millions, they haven't released the sales figures, but it did not take the world on fire. it has not caught on as a killer product. whether it's apple tv, or some day an apple car or some other product category, if apple can do what it did with the phone, with the iphone, the ipod, and tablets with its ipad, if it can do that, then the company can generate more revenue. as valuable of a company that amy is, it request be a dangerous position to be in. >> the united nationsest made 40% of children in afghanistan are out of school because of poverty. in order to survive some poor families are forced to make their children carry out hard labor. >> these children are forced into hard labor log to make bricks to help their family pay off debts. everyone has to work. >> my hands and feet hurt. >> she's 11. she says she wants to be at school. >> if we have an education it would be better than this. my head hurts a lot.

would you say the technology i was referring to was not invented by apple. >> it's not that steve jobsn't a genius or apple is not a wonderful company. of course steve jobs was great. the problem is that the mare tiff we tell around both himself as an individual and the company completely misses this public intervention. so the story is basically that every technology that actually makes an iphone smart and not stupid was publicly funded. so the internet, gps, touch screen display, even siri, the voice activated system that never works for me, were all funded by different type of public sector institutions in the u.s. where is that story? >> and you argue this is actually part of a pattern, that you can go into industry after industry and you'll often find that the basic -- some of the key basic innovations, much more than people realize, were publicly funded. >> absolutely. and what's really interesting is it wasn't just about the basic science. this intervention which was strategic, courageous, mission-oriented, and direct, not indirect through say tax incentives, occurred in the bas

if you don't own apple, you're not rushing to buy it right now. it's also going to be up against very difficult comps. josh mentions where is the business going to be in five years? add on to that, are they going to have the customer base? history suggests yes, apple will have the customer base. so if you currently own the stock, i am not selling the stock. i am staying with the stock, and i am certainly at some point later this year looking to buy the stock because that customer base is not going anywhere, and given all the cash they have, they will deliver a new product to that customer base at some point. >> let's talk about crude oil. certainly something to watch. our next guest predicting the drop in crude, which hit $32 earlier this year. so what now? tom kloza joining us now on the phone. tom, welcome back. >> nice to be back. i was a little worried this morning when i saw 3210 at the outset. i think it's like a baseball game. and you need to have the closer or the save come in. i'm not sure we have mariano rivera out there with everything

apple if you look at stock it is under $100. that has not happened since last summer. lot of analysts say production will be cut back. these are analysts talking, not apple, but apple may cut production by as much as 30% of the iphone 6 and 6s, 6s plus in the first quarter of the new year. but if you look at larger context, i mean the app store alone made made $20 billion as per this holiday season. 1.1 billion alone just over that christmas holiday shopping. so if you're an apple believer you could take this as sign to buy and hold long term. david: carl icahn would say it's a screaming buy. tough get in now. thanks, deirdre. see you at top of the hour for risk and reward -- "risk & reward." melissa: surprising study on amount of americans that can't afford unexpected expenses. cost of air fare going up. skyrocketing prices up next. you both have a perfect driving record. >>perfect. no tickets. no accidents... >>that is until one of you clips a food truck, ruining your perfect record. >>yup... now, you would think your insurance company would cut you some slack, right

next has nothing to do with apple, he does not own a share of apple, and he is just distraught.e felt this visceral pain when apple is getting beaten around in the public eye or the press. emily: what kinds of things would he say? steve: he would always come to the same inevitable conclusion that apple should buy next and bring the next technology and operating system back in to apple. i would look at him like he was nuts. what ceo of apple would ever bring you back and keep their job? who would do that and think they could survive? of course, that's exactly what happened. he came back, and boom. the ceo that brought him in was gone in months. he was possessed. i think always has been with the mass market appeal of the products that apple has. everyone knows he has fascination with design, but what fascinates me is that at no point do i recall him stating a strategy. it was more like, "this is crap" and "this is beautiful." more specifically, he, and elon musk as well, which i came to learn, have this visceral agitation with imperfection. emily: tell me about your relationship w

apple has been looking to china as a growth market, but india does not have those retail stores thereay be a key to future growth. besides apple, let's look at another tech stock. had been turning into the green, but now it is down. it has been up in really the last half hour or so by about 1%. earlier, it had plunged by about 10% on the news that u.s. domestic subscriptions did not hit that 1.6 million subscription average that people were expecting. it came in at about one point 5 million. but global growth came in at 5.6 million subscriptions around the world. also, chesapeake i want to look at. this one is in the green, 3.5% right here. right aroundt pop the 130 mark or so, and i am curious about what is happening here, because i was looking at the bloomberg terminal. it might be because investors are seeing a bottom p chesapeake 15-year lowit a yesterday. in addition, unitedhealthcare is also making a move, making a move higher because of what is happening in health care. the least of the laggards down by about half of 1%, and if we can go over to the unitedhealthcare share price

really this is not apple's fault. everyone who wants an iphone and who can afford one, presumably already has one. >>> san jose city council last night approved the expansion of apple's san jose campus already planned for north first street near paypal across from the airport. apple was already renovating several buildings like this one. now it can get even bigger. >>> sony says it's moving its video game division to california. its video game network is already based in san mateo so we think san mateo will be the home for sony video games as well. >>> the head of security for uber says some uber drivers in north carolina have hit on a great idea to distract their drunken passengers. bop-its. if you're saying to yourself what's a bop-it, let me remind you. >> hey, do you want to play bop-it? >> twist it. >> a tv commercial from 1998 looks like it's from a different century because, let's face it, it is. you have to press the right button at the right time. uber drivers in charlotte say they find it distracts drunk driv

i am not talking apple or disney. i am not talking anything emotion. e have become emotional battlegrounds, apple and disney. we seem to be getting some reports that the chinese regulators may be announcing the suspension of these circuit breakers. >> that would give you a chance to buy it, down 7% today. i mean, i don't even want to mention the names of some of these chinese companies. they are very difficult to value. do you want to own the largest? i would put that up with petrochinas up with petrobras being the worst companies to own. do you have faith in china? >> it would be nice to have a day of trading in which there is actually a day. the government can come introduce some buying. the government has the reserves have been flowing out by the way. when you have that currency that has been devalued. when you close the market before buyers can come in, presuming there are some buyers, let's say it goes to 2500 on the shanghai. i am going to regard that as positive. then a large cap investor in this country says, you know what, i've got to start get

a big important question that is whether or not apple can hold its intraday low from last august or not could be an important tell for what is ahead for the nasdaq overall. betty: thank you, abigail new doolittle from nasdaq . vonnie quinn has more from our news desk. vonnie: a gunman stormed a pakistani university campus and opened fire. 20 victims were killed. the victims included students and teachers. the military says for attackers were also killed. revise memories from a school attack were more than 100 students died in navtech. the u.s. and russia are looking for a breakthrough today on an upcoming syria peace talks. secretary of state john kerry and the russian foreign minister met in zurich. they are trying to agree on which syrian opposition groups should be labeled as terrorists and barred from peace talks next week. the senate will debate a bill that will block syrian refugees from the u.s. until security measures are taken. the house already passed this after paris attacks. the influx of refugees will give an immediate boost to europe's economy. according to a report out to

believe it or not apple had to cut number of iphones from suppliers they will be selling you have a huge market in all of plays, china. what some traders were talking about the fact that consumer spending in china, despite this slowdown economically, consumer spending in china has maintained at its levels that would indicate apple might have a very good quarter as we go into the new year. melissa: okay. david: let's pray for something better over the weekend. adam, thank you very much. melissa: meanwhile mexican drug lord, joaquin el chapo guzman was caught six months after escaping from a fun nil built in his prison. geraldo rivera went to the tunnel for his escape. >> they lowered equipment into the hole, dark now, but lit during the el chapo saga by electric lighting system that was incredible. this is the power winch they used to lower equipment that they needed into that big hole, three stories down. we're going down there. melissa: joining me now, geraldo rivera, fox news senior correspondent. geraldo the story is still developing and breaking. have we heard where they found him an

your house went long on apple before a lot of other brave souls. nott i want you to talk individual-- an stocks, but is apple symptomatic of what we are going to see this year? let me not respond specifically to apple, but let's talk about the tyranny of indices. one of the things we've seen over the last few years has been an awful lot of money going into passive or passive-like andoaches, indices, etf's, so on. in that environment, it is the momentum stocks that continue to do extremely well, often without regard for relative valuation. again, i'm not making a comment about apple or any other specific name, other than to say that, in 2016, the focus, i believe, should not be on where the price momentum has been, but rather who has the earnings and who has the margins. within the tech area, there are some companies that will continue to perform extremely well. relativewe look at margin basis, i think we have to look -- tom: thank you so much, abby joseph cohen. we will stay with -- we will continue. stay with us. ♪ mike: this is a special edition of"b

. >> steve jobs did not work for apple. >> that's not the whole question. >> i'm sorry, i'm sorry. >> come on, man. >> happy on the trigger hand. >> did not work for apple for the majority of the '90s. >> that's true. >> that's the key. >> you say true. >> jane you say true. >> we all say true. >> that is is in fact true. he was ousted. >> that's correct. >> in the '90s. >> the game jenga -- >> okay -- >> does not say true or false. >> the game jenga was invented by the architect of the eiffel tower. >> no. >> false. >> can't be true, it cannot be true, therefore it might be -- >> it's true. >> you say true. >> absolutely false. >> finally true or false. "leave it to beaver" showed television's first toilet or as they say in france toi-let. >> who cares, first of all, and false. >> who cares, willie. >> that's an historic toilet. >> i'm going to go with false as well. >> i feel like it's more "all in the family." >> guys the answer is true. the first toilet on tv, leave "leave it to beaver." >> the beefs. >> now it all makes sense. >> there's your prizes. >> jane doesn't need one she'