a fully operational apple 1. is the last one known to have been sold by apple founder steve jobs out of his parents' garage. in 1976, it went from $600. today, christie's sold it to an unidentified buyer for $365,000. for sheer excitement, it would be tough to beat cody townsend's stunt. look at this. he took off in a narrow crease in a steep mountain in alaska. this is no bunny slope. the chute was only five feet wide in spots, but he made it, plunging nearly 2,000 feet. a skiing magazine awarded the clip its top prize last weekend. coming up, a race against time to save rhinos from extinction. to save rhinos from extinction. -- extinction. ♪ when i didn't think twice about where i left my razor. [ male announcer ] hep c is a serious disease. take action now. go to hepc.com or call 1-844-444-hepc to find out how you and your doctor can take the next step towards a cure. because the answers you need, may be closer than they appear. ♪ because the answers you need, may be closer than they appear. and cialis for dai

. >>> fully operational apple 1 computer has sold for $365,000 at auction. it's the only machine known to have been personally sold boy apple co-founder steve jobs out of a garage in 1976. fewer than 50 apple 1 computers are now believed to be in existence. >>> if you thought you knew how to wrap a present, think again. coming female announcer: sleep train's interest free for 3 event! is ending soon! get three years interest-free financing on beautyrest black, stearns & foster, serta icomfort, even tempur-pedic. plus, get free delivery, free set-up, and free removal of your old mattress, and sleep train's 100-day low price guarantee. but hurry! sleep train's interest free for 3 event is ending soon. ...guaranteed! ♪ sleep train ♪ your ticket to a better night's sleep ♪ >>> coming up new at 6:00, waterlogged in the north bay. the cleanup effort under way and a business owner with a sense of [ inaudible ]. >>> also, we take you live to the sierra to see how much snow they're getting and what the roads look like. >>> new concern tonight about whooping cough. th

with the x1 entertainment operating system. >>> apple was down almost 5% so a good thing dan nathan bought protection on this stock. an options action is how we trade like computer geniuses. risk less so we can make more. that's what dan tried to do with his bearish bet on apple. dan thought apple shares looked vulnerable. >> it makes sense to add protection. >> >>. >> but selling the stock and giving up on the potential upside? >> get out. >> so to protect his apple stock dan instead bought the january 1/10 strike put for $2.20. now dan is protected if apple shares fall below that $110 strike price by more than the amount he's spending, or below $107.80. below that level, it doesn't matter how far apple shares fall between now and january expiration. because that put will rise in value as the stock falls offsetting potential losses on his apple stocks. >> everybody getting this so far? >> but keep in mind that there is a tradeoff. and by buying that put, dan 1 giving up on $2.20 of profits if apple shares rise further. that means with apple at $114, he needs it to rise above $116.20 befor

apple cos. next week christies will auction a operating original apple computer. . >>> dozens of sick children get the trip of a lifetime. the magical flight to put smiles on little one's faces and spread holiday cheer. >>> plus people in san francisco trying to do their holiday shopping ran into a big protest. we're there as the protesters take their message to the two busiest parts of the city. to help make better right here in san francisco. whether it's helping local businesses like the fruitguys grow and prosper, supporting nonprofits like juma ventures as they fulfill their mission or helping neighborhoods like the tenderloin become vibrant communities. if there's a way to help the people of san francisco thrive and succeed, we'll find it. that's the power of local connections. that's bank of america. at kaiser permanente, everything you need is under one roof. another way care and coverage together makes life easier. okay, a little easier. become a member of kaiser permanente. because together, we thrive. ♪ . >>> as we told you at the top of the newscast, demonstrators marched through berke

apple declined to respond to our request to comment, but a leaked head ofm apple's operations said, "i would deeply offended by the suggestion that apple would make a promise to workers in our supply chain or mislead our customers in any way." joining me now from minneapolis is senior research analyst at piper jaffray gene munster, and from new york, china labor watch's program coordinator. apple supplierd factories in china -- and what to clarify -- these are apple suppliers, not apple itself that owns these factories. describe this scene. does any of this information revealed in this bbc documentary ring true to you? >> i think the pure scale of what is going on rings true, and 700,000ept that this is workers building apple product -- the conditions are clean but cramped. i think that is just the reality of some of the manufacturer that goes on. the parts i have not seen as some of the sleeping. i don't speak mandarin, so some of the comments from some of the supervisors that were kind of demeaning to the employees -- i would not be able to pick up on some of that. overall, i saw wh

apple and operator uni qlo are among the companies reviewing the control measures. >> it's the fact some of the local government officials still put gdp growth rate ahead of environmental protection. we have gaps in our environmental government which weakens enforcement. it's deep rooted and hard to overcome. we need the public to draw in a proactive way to help break the barrier. >> officials say they are taking action. in march, delegates at national people's congress, china's parliament, declared a war against pollution. >> translator: the smog effected areas are expanding. it is becoming more serious. this is nature's red light warning against inefficient and blind development. >> he believes members of the public need to share that a sense of urgency. in june his group released the mobile app allowing people to review the pollution database on smart phones and tablets. at a glance, people can check air pollution levels in real time wherever they are. >> we're trying to use this data to empower them, enlighten, give awareness and empower them to participate in the government understa

on one side we have the new apple operating system. beards on "duck dynasty." in the middle we have -- things that are full of bugs. [ cheers and applause ] next, on one side we have solange knowles, on the other side we have charles manson. in the middle we have violent maniacs who are now off the market. [ laughter and applause ] congratulations on finding true love. moving on, on one side we have the sour cream in the back of your fridge. on the other side we have eli manning. in the middle we have, best before december 20th, 2012. [ laughter and applause ] still very good. best before december 20th, 2012. and finally on one side we have rockefeller center christmas tree. on the other side we have a woman in the 1970s. i wonder what's in the middle. giant bush. [ laughter ] that's "venn diagrams." we'll be right back with jason sudeikis. ♪ [ cheers and applause ] before larry instantly transferred money from his bank of america savings account to his merrill edge retirement account. before he opened his first hot chocolate stand cal

apple. were participating in this antitrust sort of thing. it's also in a window into how operating. the new operating of the company, more open and transparent, that sort of thing. jobs made an appearance through video deposition. he died six months after it was taken. it was controversial, apple tried to keep it out. it was a historic look at the company. >> what is your reaction to this decision? how much of a victory is it for apple? important it was an victory for apple. whether or not they used commercial practices to exclude competitors so it could corner a market and maintain a monopoly position. the jury apparently found quickly and resoundingly that apple had not done so. i think it's a big day for apple. >> what other legal challenges is apple facing down the line? what else is coming apple's way? caseere was the e-book that apple lost. it was brought by the united states department of justice after a bench trial. a judge in the federal district in new york found that apple had coordinated a conspiracy among the book publishers to raise and fix the prices for e-books. in t

operations? do in response? companies like apple have already raised the prices. mcdonald's has done the same. right now people are saying that the next step for russia may be capital controls. you have to ask the question, as a western company, what do you do with your assets, your people , can you bring it overseas. it is certainly harder to make money in russia right now. >> as you mentioned leading up to this, they rose prices over the phone. how big of an impact is something like this going to but what about another huge country that is russia? >> keep it in perspective, right now russia is nowhere near china for companies like apple. keep it in perspective. russia is not a super material country for many of these companies. the problem that you have to it comes towhen financial turmoil in countries like russia and how much of a , all on effect it has -- has.om giles >> all right, thank you all for watching this edition of "bloomberg west." we will see you later. ♪ i were here you and and her you are going arm bar a you are asre in a a himin part as a a a a a

we have automatic security update in our web browsers and operating systems or what we have on our smart phones and that means googles and apples and microsofts push software updates. normally moved for good reason and a few incidents in the past where companies use their ability to remove books from thes devices. amazon remove copies of 1984 from people's kindles a few years ago. i am very concerned at some point some of these companies will receive an order to deliver malware to a target under the guise of automatic security updates. i am very worried about that. we don't have a copy of that kind of order that is adjusted that is coming. these companies have the ability for software devices. as devices get more secure and the company's end-users, law enforcement agencies and allies leverage anything they have and that ability is one that is so powerful light cannot imagine they won't use it at some point. >> the gentleman down here. >> john petty from mclean, va.. i disagree with the early discussion where they talked about the back door being out to compromise between issues being raised. prevailing encryption systems use st

mine on the indonesian island of paying -- while apple declined to respond to our request for comment, memo from the senior vice president of operationsim and i were deeply offended by the suggestion that apple would break a promise to the workers nor supply chain or mislead our customers in any way." minneapolisow from is gene munster and from new york, kevin slate. you haven't visited apple's supplier factories in china. these are apple suppliers, not apple itself that owns these factories. describe the scene. does any of this information revealed in this documentary ring true to you? >> the pure scale of what's going on rings true. the concept that this is 700 million workers building apple products, the conditions are clean but cramped. that is just the reality of some of the manufacturing that goes on. the parts i have not seen in some of the sleeping -- i don't speak mandarin, so some of the comments from the the supervisors that were demeaning , i cannotloyees pick up on that. i saw what i expected. don't understand how these things come together, it may be a surprise. apple has arguably been more transparent than any other tec

apple has suspended all online operations in russia because the weakening ruble left products in theay cheaper than it was in the rest of europe. >> wow. and what's the potential impact now for investors? >> reporter: well, i want to reiterate that russian has a lot of currency reserve!! so they can pay their debts. in fact, vladimir putin said that this morning in a state press conference. it's in no immediate danger of default at all. but russia accounts for about, say, 2.7% of the world economy k and there is a potential for spreading contagion. that's because investors who piled into risky assets over the past few years might scramble all at once to get out. by the way, if you own an emerging stock or bond fund in your retirement account you may not want to look at that this month. if russia false into a prolonged recession it could stunt global growth. and i think it goes without saying that there's geo- political risk because president putin were to just walk away from foreign debts that would put global lenders including our own banks and investors and insurance companies on t

people are resending that maybe the phone is using a new operating system and maybe the government to get the appleto actually change the engineering, change the operating system to gain access. i highly doubt that is what is happening, looking at the timing with september 18th and application and they had the cell phone in their possession already. this seems like it this is a prior operating system. this is probably a fairly routine or cursing and help us gain access to the content we have pursuant to the search warrior. that strikes as uncontroversial as long as the provider already has a weight maintenance to help us along, not a change your operating system. i suspect that is what is going on. it is in order interpret it because of events that happened after the computer. >> if you believe in the constitution, you can't really criticize relying on an imac that from 1789. >> okay, we have limited time and lots of questions. i will take three questions. if you could keep them short, we would really appreciate it. >> i don't understand half of what you are talking about. a question that goddesses

you have apple in china and a lot of companies operating in china. basically i believe that president obama even though the secretary of state is going over there for the first time, i believe we've lost and we gain nothing. >> that's all the time we have, interesting debate. thank you very much. >> thank you. >> julie, the cuban deal is front and center as republicans jockey for position a little more than a year from the first presidential primaries, headlines include the dust-up between rubio and rand paul over the change in policy towards cuba and jeb bush exploring a run for the white house and ben carson is heading to israel to share his support. here's a look ahead to 2016. sometimes it's not too early. >> never too early, more than a year away from the iowa caucuses, pick any issue in the news right now becoming the latest sparring topic for those in the 2016 republican scramble. republican, president obama bombshell announcement on cuba provided the latest topic for everyone to draw battle lines. former florida governor jeb bush said he was

operating systems. it may be one of the most ambitious and successful business efforts of all time. >> between google, amazon, appled facebook, these are companies that have been referred as the four horsemen of today. who has the most to worry about? >> i think amazon prime is pretty remarkable. i would put them in the safe camp. i think google, with the profitability, and the insane footprint as android, i would put them in the same camp as well. on facebook, i think they are working towards an interesting challenge. they have lost the trust. when you ask someone, and you'd ask if they have certainty on somebody see their facebook -- who is seeing their facebook content, 90% would say no. i think it would create anxiety that would make room for snapchat and companies like nextdoor. because that lack of trust limits what you can do next. >> and apple? >> i think apple's only problem -- only problem is android. just flat out. apple should have paid anything for waze. if you are going to pay $3 billion for a headphone company, and $2 billion for a map company, it is a no-brainer. i think they should've found another

operations. >>> josh lipton gave us the latest on day two of apple's anti-trust case. >>> and breaking news, sonyth korea as the party responsible for hacking and leaking unreleased movies online. >>> thank you. shippers are trying to avoid last year's delivery debacle. "power lunch" went inside fed ex's express network to see how things work. morgan brennan is tracking one shipment's trans continental journey. >> reporter: six stops, five cities, three sorting centers, two airplanes and three trucks that is the process this package went through. we will break that down when "power lunch" returns. >>> coming up at the top of the hour we have "street signs" a lot of commence from the leaders of the world's largest retailer and largest publicly traded oil company. also fascinating stats of what consumers do with their money when gas prices plummet. and also the report. we will speak all about it. make sure you join us top of the hour when "power lunch" returns after the break. so we're transparent about the fresh wild seafood we sell. and the species we don't. independently rated for sustainability

operating system but somehow there can be touch capability. we've seen microsoft move to a device their service, that works both as a tablet and a laptop. do you see apple converging those two? >> we've seen the two operating systems conversion. there is a lot of overlap today. so we've already seen that happen. apple has been very careful, though to keep them separate. microsoft got a lot of criticism for windows 8. it white sox for some people it doesn't work for others. so apple, i think, has to be careful here but i wouldn't be surprised if we see an even further push into overlap territory, if you will. >> all right. is it -- you see what i do i say beg and i go with it. it's baig? >> it's baig. >> and then at the end, i'll ask. anyway, thank you. >> you got it right. >> thanks, ed and happy new year. >> happy new year. >> all right. go ahead. >> what were you going to say? are you going to see see it for the new year? >> i knew they were going to play some bb king. you know bb you know how great he's been his whole life. you know how old he is? >> ohio old is it. >> he's a little under the age of 89. i think he briefly stopped touring at 89 perfor

. >> when the american consumer feels like things will be operate in the future -- melissa: we're bad like that. speaking of which, apple seeing the steepest intraday drop in almost a year but tech giant finding a ton of company at the laggard table. twitter, facebook, linkedin, all among social media stocks getting in the red, absolutely crushed. we have no idea what is going on. >> this because of oil prices? melissa: no one literally, heard a bunch much people make that connection. >> how? melissa: it is nonsensical. >> there seems to be some rebalancing that is taking place today. there was, without getting technical, there were technical things that happened into thanksgiving which were very interesting. i was trading on thursday and friday. >> that is really sad. you're trading on thursday and friday? >> when you get that kind of volatility there is opportunity. what is going on here is that, i've been saying this for a while, the markets are starting to deflate. we have the gold deflated. we had the grains deflate. now we have energy deflate. what's the next market, margin calls? melissa: veronica, do you buy tha

. >> they are harder to operate because they are push button and harder to see. what everyone is anticipating is appleme people are early adopters. >> apple watch is due out in early 2015 and is expected to cost around $350. >>> the morning news continues at 6:30 with the top stories including a new study about smartphones and sleep. we breakdown the new medical alert and give you best practices to physical. >> first, the bay area when watcher who survived an 11 story fall and how he is going and how the community is stepping up to help. >>> san lenadro police are look nothing a man who released his two pit pulls in a public area and they went on a rampage with the story coming up. >>> tracking the storm that could bring .1" to converter -- to quarter inch of rain tomorrow. and this is fog this morning and snow on the way to the sierra. >> in the traffic center i go out on a limb and say folks are taking an early start to the christmas holiday and we have light conditions in san mateo looking heavier there as you cross the water but look at the bay bridge toll plaza big gaps between the haves there so

. >> apple, for example, suspending the operation of stores there and perhaps as the journal reportingbanks curtailing the flow of cash to some russian entities and always a headline to make the market nervous. >> this is a very odd situation. we actually now have some real leverage over the russians at this point and obviously it's not just the sanctions but the deline in oil affecting it. the question is, does the leverage we have now given their concerns about their reserves really amount to something that will actually make them change their behavior at this point? that's what we don't know. >> i also wonder to what extent does the leverage we have start to play a role on our own in the way we're looking at it. >> absolutely. a great question. we'll leave it and pick up with that after the break. ten minutes to go here. the dow off 40. the s&p about 9 and the nasdaq off 40, as well. >>> plus, general electric ge holding its annual investor outlook meeting as we speak and been hammered. mary thompson will have the highlights and of course ge ceo jeff immelt himself will speak exclus

operating system in the next 20 years. i think it might be one of the most ambitious and successful business efforts of all time. amazon,en google, apple, facebook, these are companies referred to as before today. who has the most to worry about? >> i would say amazon's position with prime is pretty remarkable. i would probably put them in the safe camp. i think google with the profitability of the search business and this insane foot print of android, i would put them in the safe camp, too. on facebook, i think they're working in interesting challenge. they have lost the trust of their user. if you ask someone, do you have is seeing the facebook content, 90% of the people would say no. that creating zaidi. i think it made room for snapchat, which we are an investor in. because that lack of trust limits what you can do next. >> and apple? >> i think apple's only problem is android. and google. and google's willingness to be aggressive. apple should have paid anything. flat out. if you're going to pay $3 company,or a headphone $2 billion is a no-brainer. i think they should i found a way to broadcast. i have a deep respect for tony fide

operating in new york city. the founders want to have 250 atms in the big apple before expanding to other areas. >> you will see running on the transaction screen. >> how does it work? you watch a ten second ad while you wait for your cash to come out. that is not the only way to monetize. >> we take advantage of all foot traffic in and out of a venue. >> not everyone is sure they would go out of their way for such service. >> we don't see mobile payments as a threat. consumers still need to use cash for low ticket items. >> some think it is the future of the atm. >> it is about time that i won't have to juggle which atm i find when i need to good etcash out of a machine. it is just another example of the nature of advertising in our digital society. >> and on that note that does it for "power lunch." >> absolutely. "street signs" starts right now. happy new year. >>> 2015 be lucky number seven in a row for stocks? or is next year the one where the bull run finally goes to the slaughterhouse? happy almost new year everybody. the one thing that could derail this record run. two fund managers giving you their abs

problems i-95 looking good into downtown regional rail lines are operating on a regular weekday schedule today and if we are heading up to the big apple to watch the ball drop new jersey transit says they are ready for you, extra services for new york city from ten to noon. i don't know why they are giving you two extra hearst but there you go both today and tomorrow extra irv zest heading up to new york, chris and dawn back over to you. >>> thanks bob. >> president obama's golf game evidently interrupting wedding plans in hawaii. >> military couple they are stationed in hawaii scheduled to get married on a military golf course with beautiful ocean views near the president's vacation home but following saturday's rehearsal they have learn that they had to move the party the ceremony, reportedly moved to another part of the golf course and that often even has better views. the president called the couple and apologize and they say he was really funny and nice on the phone. >>> philadelphia parents are scrambling to find another place for their children to go to school they found out just a few days ago that the walter palmer middle sch

apple has done this. they set up operations in given states, and it really looked like there was a kind of quid pro quo. a trade going on with the legislature. if you look at the things closely, as a lawyer, some of you respect the rule of law, the phenomenon is pretty sickening. let's make a deal. it's not leave us alone. let's make a deal. we will negotiate. these laws will not apply to you, this one, we will erase this part and have a special apple law or tesla law. that really is the impact on people's thinking about government, even people who are very pro-business. take one more, pfizer. pfizer the drug company. great. the innovation in medication today is phenomenal. pfizer are producing amazing drugs. but again, tainted by this issue of i will call it cronyism, but there is a deeper issue. one quick example. i used to work at the institute for justice. you probably heard about the issue of eminent domain abuse. i'm hoping you heard about the kilo case in connecticut where suzette kilo's home was taken through eminent do

apple are illegal. so do the short-term gains outweigh the long-term risks? we have a great lineup of guests joining us today. out of new york city, the profess of information and operationsystemsfounder of changes, a research lab that tracks cultural, sxhik and ecological trends. and east feastly, a service that allows anyone to cook and serve food to any location for a fee. so did these begin with the creation of craigslist and' bay? >> in a certain way, yes. it's a natural follow up to ebay and craigslist. but these services take a lot more trust. it takes a lot more to be able to get into a car of someone you don't know and have them drive you to another city, so i think the technological progress that we have seen, the rise of social networking, the ubiquity of mobile, all of these things have lead us to the point where we can have these peer-to-peer marketplaces that ah lou individuals who have skills or assets to convert them into services and trade them with marketplaces. >> scott what was the catalyst? because the internet has been around for a while now. >> i think a couple of things. first of all as arun said, the technology being put in place and the ability t

so the guys, we will go for an apple product because it makes us look smarter. .. so if we operateunder the premise that an open solution is more adoptable by the consumer and data is 66% growth 66 percent growth rate and mobile traffic will exceed wire traffic,, what does that landscape look like for us? potentially opens more security holes. bring your own device. >> the technology is looming right now that we need to really pay attention to as we wire up your cars. as the high-tech models come in there is a olympics box on your dashboard. you can do facebook, all of that stuff, and stuff, and the computer manufacturers are great engineers but they are not security engineers. come back to the clock and look at the applications we all use like adobe and microsoft, those guys know how to program securely and still have issues with their software. now we look at software development, manufacture shall have no idea how to do this and we need to start thinking about it. it is kind of scary. one manufacturer has put his onboard computer runs. tiebreaks and they are back in the it does

limit it to tech jobs, so we're stripping out administrative operative sales positions, women make up 20% lessof staff, six -- 60% on applele, and twitter. hispanics, blacks, make up a combined of 6% of jobs of these tech companies. but spring interest in walker. welcome. we talk a lot about diversity here in the tech world. that will be pushback from others who say, talk about artificialakes it as emphasis on diversity for diversity's sake. how do we get away from that? >> first, i say they are wrong. the one thing i tell a lot of folks who are kind of contrarians, i say, it is not about explicit bias. i think the more important thing we need to have a discussion about is implicit bias. when a look at our company, over 50% of our employees are minority. over 50% are women. we have been able to do it by breaking down the barriers. >> standard operational engineering -- >> some do, most don't. i think that is really telling -- >> are we mismatching the tasks needed at these companies to a desire to be diverse? how many minorities are at caltech? >> actually, what is surprising to most is the percentage of folks who are stu

. >> they are harder to operate because they are push button instead of touch screen and they are a little harder to see. i think what everyone is really anticipating is the apple watch. >> reporter: of course, some people are early adopters. the apple watch is due out in early 2015 and costs around $350. no, i do not have one. i'm getting asked on facebook, i'm getting e-mail. do you have one of those yet? no, no. >> why you holding out on us? >> nothing up your sleeve. thank you. >> michael quelling the rumors. >>> some cool blue skates was all one little girl needed to get around the rink at justin herman plaza in san francisco today. >> that's right. another person seemed to be more interested in his phone. either way, it will be a great day outdoors today. abc 7 meteorologist sandhya patel outside. you have been enjoying that as well. >> i have indeed. it will be hard coming back inside. it's beautiful out here. you can see for miles. fog is not a problem out here. it's really comfortable temperature-wise. let's check out live doppler 7 hd. we are in for some big changes tomorrow. we will talk about that in just a moment. right now, just watching clear ski

apple and steve jobs did something wrong? were seems as if they exercising the control they had in making changes to the itunes operating systemgital rights management technology to not just protect their own content but act in ways to be anticompetitive and backdoor other people's music off the platform. i think i just saw the headline that it looks like they have lost both of their plaintiffs in the case. >> it's interesting that realnetworks is not participating in the case. the apple messaging has always been around being for the consumer and want our customer expressed to be bess and take care of our consumer and we love our customers unless they spend money anywhere else. then they should not have that music. >> yeah, there was a striking quote about that in the trial which was this question of what should happen if you have music or content from other providers on an ipod. you would get this kind of cryptic error that you needed to reset your device. when you reset the device from the music from competing providers, and when asked when they might have done it that way, the apple executive said consumers did not need tha