this is at the night it will have its own light but borrow the light in the apple building. we have come a long way. this is where we started before we actually talked about introducing a window to stockton street where we had an 18 high window this is actually, the negative of the post structural wall behind. and it separates what is the front of the store and the back of the store. we set back the glazing on post street this is to create a little bit more space going into the building we kept the frame completing the street frontage and also this overhang helps with the sun shading for the building. talking about stockton street and materials we're using the stainless steel and this is a material that apple uses on a number of their stores and it has a muted reflexion. we have a sample. the wall picks up the color of the traffic of people walking past. the diagram shows the revolver. we want this fountain to be the focusal point this year this is a picture of how it looks today. we feel it is not central in that space maybe we're hung up on cemetery. but we've centered it i

i'm rick the department director with apple. i'll be giving a brief overview and then the architects b will take you through the design. we're thrilled to be here to talk about the project. it's been a great yourp. this project will be the flagship for apple if built in union square. this will be more iconic than the glass could you be no new york city. bits a world-class design we believe fits into the district and is a great educate for san francisco. we spent the last year working with staff planning, working with the ar c the h pc to enhance our design. the process has made that a better project and we role appreciated the input we've had working with everybody. today we are going to review the scion that was the design that was approved yesterday. i'd like to take time to address the ruth fountain. and mainly the miss characterization of how the process was proscribed and at the time, we presented and concept the fountain plan would developed enough to present and not shown on the documents that were presented. that was neve

i'm not against the apple project additional please excuse me. i've got my smart phone pictures. we've foouth fought hard to create and maintain heath public spaces so far all the citizens and the means to enjoy them. this project and other like it that avoid carefully community represent the undoing of what san francisco as a great city can be and is now. we shouldn't let apple or twitter are any other companies getting deals in san francisco that are not available for the average san franciscan. you must release the fox plaza not two for a away from here a coffee shop the lady got her rent raised and she's gun. the other companies won't abide by or when a tenant st. is paying a certainty amount and the landmark can raise the rent you're going to lose tenant and old school people and lose san francisco from what it was. i'm much older than you i imagine you are about 35 or 36. think about it in about it do give overlooking apple or twitter or anyone else you're not going to give deals to mom and pop small businesses >> patricia boyd an individual sense. i'm not against that i wan

i think in the future, apple will come around. n enormous ry action -- reaction to this news by bitcoin enthusiastics around the world. >> what is your option at this point? >> for the time being if you want a good mobile solution, android is the way to go. there are hundreds of wallet services there and blockchain is one of them. but the real interesting and more compelling idea is we don't need the app store. you can build beautiful wallets around i think that's what everyone will do. >> users we have this video here, users are actually smashing their iphones. what's the message you want to send apple out there? >> i think the message i'd want to send to apple, we want to cooperate with the apple requirements. i want to build beautiful, simple and secure products but what i can't comply with is the requirement of not being a bout coin wallet. it is hard to gauge when they want when they only give you a terse e-mail for saying that your app was removed for something they don't tell you about. what apple has done now is demonstrate

one question is the apple store on stockton street down the hill remain open? that's important. so far as the fountain ho for our family that's liquor where's the waldo and my kids if i scalding asked them about the knowledge structures they can identify them quickly. that place it recognized for the fountain and not the plazas and apple has honored that with the lights. and the diagonally steps are awkward. i'm supportive and happy to see that people recognize the fountain and artist and give the attendance they've given it and glad to see that and respected. one thing i want to point out that of the clever dollars a loading dock on post street at least in the drawings that's been came fwlaegd the whole hoyt hotel has kept it in zip code but fundamentally separate so those are my comments and i'm supportive of the project commissioner sugaya. >> i'll be in the planning commission tonight. i'm disjointed here i'll probably have to go through any notes. one thing that came to mind on the plazas is that the hoyt came before us a decade ago and asked for some improvements to the pl

we returned to the ancient apple tree. i eye the elite thirty centimeters this also makes an ideal place for birds to nest these chicks are about three weeks old. we patiently await the return to their parents you will. i do. he said chick emerges from the hollow. he said. waits is ready for its next meal. i think. gerd return sneak peek cheats immediately. check it out but i did this to teach this chick believed as many as three year old son. i think i really really really really. gates later. i snapped. lucille fledgling is now ready to venture out of the nerves. the target snowed yet strong enough to fly still it can't help but try labels note to return it shelters in the brush. i really really really really big. aaron watches closely from a nearby tree he'll put grill and it remains vulnerable to predators such as weasels and martin tsk. in search of a safe place the chicken treat yourself to the orchard. all went to a refund a parent bird in the forest nearby. rule rule i will do to a i aa. the iba cheques in your mock

success the key to my at apple. i had no money so i'll is had to trick -- i had no money so i had to design things with the fewest cost.n the lowest i did the absolute best possible design anyone could do. 2 had this product, the apple computer. we had to raise money, steve jobs and i had zero money. no bank accounts, we did not have any rich families, i had a job at hewlett-packard, steve did not even have a job. experience,siness we had not taken any business courses. we were coming from nowhere. we needed money. we knew that this computer, the first order would be 1000 of them. when i worked at hewlett-packard, i wanted them to build this machine. i was going to be an engineer at hewlett-packard for my entire life, i begged them, i showed them how, they turned me down five times. five times. it is good, they would have done it wrong. they would not have made it a nice, fun to use machine. a computer is a fun thing. it would have made a device for engineers. all the better. we had to go looking for money, we found

we're going to use that x press bar and the other thing with the apple store it starts up where people get pursuits we'll have wifi in that space. i think what we really time is for people to use the space its become active again. that's an image of night. we've been borrowing light from the store and hotel. as rick mentioned this is where we started we have an 80 foot facade on stockton street working with staff we moved to where we have created a slot window we have a 50 to the wall so we have this pushed up the glazing on post street to create a more comfortable approach and entrance into the building but maintains this overhang on post street. talking about the materials. we talked about the stainless steel and it was total acceptable within the contacts. i think another thing we like about the material it has muted images and it's a beautiful material and very expensive material. we like it because it didn't reflect strongly but picks up those muted reflect shuns. we've talked about the foundation. it's moved approximately 10 feet it's 6 to the and 6 inches is the dialogal movemen

the apple tv is up in the air. clear they have had much luck with that because of existing contracts and pushback. they are pushing into existing industry. whereas with the i-watch they are opening up a new area. there are people who want to be known as first in that area that are putting out little toys. but the i-watch will be the first serious attempt to really create a transformative product in that space and nobody is there to block them. >> maybe starting to get at what i was about to ask. i said i thought all the watches that i've seen out there thus far have been duds. whattes your take on the watches from samsung, pebble, others out so far? any of them have elements likely to be big breakthroughs? >> well, pebble has actually taken an interesting approach. we have limited technology, lets do the best we k they brought out a watch that doesn't have to be charged every 20 minutes. what it does it does well but that's very little. samsung has brought out a, hey, look at us. we've brought out a product before

the apple iphone still very much dominant. let me put the phone down and show you what is really causing a lot of buzz. this samsung galaxy gear fit. the new device, check out the curved screen. you can swipe through. we will take a closer look at it, it monitors your heart rate and notifies you text messages, very different from the nike fit or jawbone. it it monitors your heart rate and does a lot of the things those other bands do. and nice orange color or any color you would like. you can choose from a variety. coming out later in the springtime but what is really different about this compared to the others is this large screen. a curved display. this is something a lot of peopll are getting a lot of buzz about. how this works and how it fits into the galaxy gear family. it is very much a secret going into today. we will be watching how this actually performs in the fitness market. back to the phone, this has a heart rate monitor on the s5 there's a lot of emphasis on fitness. it is very interesting to see because samsung d

but on the hardware, apple has to say competitive with row two. come to dominate this market of those kinds of devices. cast product they put out got a lot of attention quickly and you have the same content offerings but that's part of the story. apple has to continue to come out with new devices. >> the pressure has been on apple to come out with something new. doesn't sound like the big new tv that some have been talking about. >> you to keep microsoft in mind. the xbox has these capabilities. about what do you hear about apple and what they are doing and he heard they are trying to get involved with these negotiations with the cable operatives. reluctant to make a deal with apple because they saw what happened with itunes and the music industry and did not want to get themselves in that same position or there were giving up content to a competitor like apple. have beenle companies especially difficult to work with. hasn't that been the big stumbling block question mark >> the biggest fear they have is that your cable bill is looking too big and

that is part of the story. applentinue to come out with new devices. >> the pressure has been on apple to come out with something new. it does not sound like the big new tv that people have been talking about. >> you have to keep microsoft in mind, too. the xbox1 has some of these capabilities. what do you hear about apple? they were trying to get involved in these negotiations with the carriers and with cable operators, but the cable operators were very reluctant to make a deal with apple. they saw what happened with itunes and the music industry. >> we know the cable companies have been especially difficult to work with. hasn't that been a big stumbling block? >> the biggest fear is that if your cable bill is looking too big and too high, you are going to choose one of these alternatives. maybe this is a sign that they are aware the alternatives are getting better. look at the numbers for netflix and that is so easily accessible on these platforms. they want to live within that world and make sure they are relevant

. >> good afternoon, commissioners i'm the restrict developer with apple. i'm pleased to present our project here today, it's been a good journey along with the ar c and staff to study the project and you will see today how it's evolved. i think you all remember where we started that's a great journey that is graft will take us on and we have jay here the historic architect and another architect who's a consultant we've developed this into a world-class building for a world-class city. the building the plaza are really, really phenomenal. when we met with the ar c we heard our comments and we that responded with the 6 bay design and through our studies we understood understand do that the 3 outer columns would be cosmetic there's a structure underneath them so we're coming back today for evaluation. we'll talk about the foundation today as has been discussed, you know, the foundation the placement is incredible it moves forward to the street and it's closer for people to enjoy. the way the steps are constructed it will fit exactly as the same height and debt

this reconvene formulation makes it an extension of the apple store we talk about the geniuss to come out there and test it. it was a public space the levies didn't open to the plaza and make it an extension of the apple store is wonderful >> to me having wifi available is an amenity it's not an attraction. that's something we won't resolve here >> director ram. >> you can't make - eir signed of on expectation under sequa doesn't mean the project has not any analysis it has a fair amount of analysis to occurred to justify little information in your packet. with respect to the stockton area we had a lot of concern about that. that's why you have the proposal now with the large window. we had a lot of discussions about who that what would be a variance on the opening. the conclusion that i came too and the staff came to this particular building it unusual enough that by go adding windows or slot windows would actually detract from the architecture building and that's a matter of opinion. that's the conclusion why this particular approach is interesting. the large window is dramatic alon

we're live with one of the largest pension funds in the country that says apple ceo tim cook and the of apple's team always had it right. and we're speaking with the world's largest asset manager about all this volatility and why you shouldn't run scared from stocks. the chief investment strategist of blackrock here to guide you and your money. and breaking away from aol before the tim armstrong health care baby scandal. about.me star tony conrad thinks the online identity site has a much better chance of becoming a top internet brand by standing alone away from aol and its troubles. tony's with us exclusively. plus, the bird about to go the way of the dodo after the creator of the app says he can't handle the truth. truth is, he's too successful? don't despair, fans can still get their hands on the extinct game. we'll she grow how. "countdown to the closing bell" starts right now. liz: good afternoon, everybody. it is the last hour of trading and stocks are trying to move higher at this hour. the nasdaq and the s&p are making it so. one of the most widely held stocks many of you may

there is something to be said for that. >> is this the end of icahn making a stir about apple? i would not err on the side of him being quiet about much. for the time being, it seems to be that way but if he gets to a point where he thinks there is money to be returned, i'm sure he will go to twitter or wherever. >> he also owns less than one percent of a position. he could not actually make them do anything. he can go to twitter all he wants but he is in no position. iss will get involved and convince pension funds and mutual funds who have to vote whichever way they go by losing that vote, he lost the battle. >> he probably saw which way does vote was going to go. the same time, he was able to prod apple and why they decided to do this whether it was because of him or not, there is no doubt that carl icahn brought the issue back up to the surface. it comes up and down for apple based on the amount of cash they generate. >> thank you. we are talking about bitcoin where troubles are still mounting. prices are plunging again today the biggestbased bitcoin exchange says it is hal

become like at&t and then the interface is what apple is responsible? i am equating it to the iphone. way to is an interesting think about this. you look at the relationship with the cable provider. it is not just about watching hbo anymore or bloomberg television or whatever else. it is also about getting data and the device it goes to star stood be more important. the point about the games is exactly right. xbox one has a lot of the same features where it could operate as a set top box. they do not have to do with the cable operator. i've talked to executives on this point. we have bolted and then we would love it if cable operators would let people control cable assets through their xbox, but we are not waiting to release a device to get those arrangements in place. you could imagine time warner would offer the apple tv as an add-on for customers waiting to pay more for this is a man time warner might become a big customer of apple. >> my question is if apple is going to put their time and money into the apple tv, what other products

he used to top the list and now it is high in google and facebook. >> everyone outside of apple wants to be in-everyone in i want to be out. when you go over the steve jobs biography, you get this and 70 -- sense of what a tough place it is. maybe the products are perceived a certain way. >> aching of people who want to be inside, interesting post today from someone who is a designer who was fired -- hired by apple to work the contractor will stop that he decided that it was not all it was cracked up to be. he talked about his immediate boss. boss had a habit of making personal insult. -- this designer actually posted this today and walked out of the job today. >> let me get this straight. this guy, who is not even a half, apparently had to show up for work at a certain time every day. he had to do with the boss asked him to do. and it was interesting. was aked about how apple dream job, and then he went to work there and it is not all it is cracked up to be. apple is not commenting. we do not know the apple side of this. >> a spokesman said there would be no comment about this thing.

as bloomberg has reported in apple's talks with time warner cable, the challenge apple faces is breaking up that cable ecosystem, being able to sign competitively priced deals with all the content players that are similar to the ones that the cable companies already have. >> now jon, you also did a big interview with disney chairman and c.e.o. bob iger. disney owns nbc. i want to talk about the content perspective. first take a listen to what iger had to tell you in that interview. >> whether this consolidation or ownership of the existing multichannel business changes, we're going to be as in demand as we've been. you can't go after the multichannel subscriber without offering them our product so it doesn't really mean that much to us. >> given comcast also owns nbc, peter, that adds another wrinkle into this whole potential deal. how does that play into this? >> it's a big factor. they are not a straight cable player. they are a content provider as well. it's an important wrinkle and it's one of the factors that will make regulators look at this differently and why the stakes here matt

>> i think the challenge for apple is that they have rebranded, great skill. will be in the millions. the challenge is that they are competing with start ups. you see the upside of a company like instagram or snapchat and a year later you have a billion dollar valuation. for apple, you cannot offer impact. >> you hear stories like this? i think here about people leaving like the president who started there and was a former apple employee. >> tony. >> and now, he is at google. >> and the next team is, by the way, one third former apple employees now working at google. >> and that is what you see, people who are talented leading out of places like google and apple. and they go from there. >> i met with some real estate people here. they say they are seeing companies of a certain size, 30 like 25,000hing square feet, and they are looking for their next office space, 100,000 square feet, and to use that space. they want to show off. hey, we have got a fancy office, or, hey, we have got a fish tank, but the notion that this is going to be a great, fun place to work

the apple shareholder meeting is kicking off right now. why the stock is suddenly sputtering. >>> the battle for pepsi donald yackman speaks out exclusively. >>> and the oscar goes to with the big awards being handed out, what a golden statue is really worth to the winners. mike, simon, josh and pete are all here. and we do begin with a big day for the markets on this final day of february. what a month it's been. dow having the best month since july, s&p, nasdaq, russell, at new highs, is this a sign that stocks are topping out or breaking out? josh brown, you tell me. >> it's definitely not a sign of topping out. you've got really, really broad moves happening here. i'm going to give you the positives and negatives, scott, for the sake of balance. on the positive side, 69% of stocks are above their 50-day. 65% of nasdaq composite names. in addition, materials are absolutely exploding to the upside. now above their ten-day moving average. they had not taken out that high prior. i think that's hugely positive for global growth expectations.

and i think the project is pretty sound. i believe apple computers is a good viable partner. i believe they do good work and i think it's a good deal for the city. so, i'm urging you this afternoon to vote yes on this. thank you. >> thank you very much. next speaker. >>> good afternoon, supervisors. i'm rick [speaker not understood], development director with apple. we are pleased that you're hearing the rezoning legislation today. it is a great store that we are embarking on within union square at the current site i believe [speaker not understood] post and stockton street. we believe the innovative design by our architects foster and partners will be a wonderful addition to san francisco and union square in particular. we have worked with planning for almost a year refining our design to comply and collaborate with city planning to come up with a better design, made better by the process. some of the highlights that i'd like to point out first is the [speaker not understood] fountain that is pronounced and enhanced in the redesign of the plaza where it is the focal point of

, as there is trouble in the market, appleto be and it hold up. >> if you listen to a lot of people the whatsapp acquisition was defensive on the part of facebook. i don't think tim cook is going to want to license to any android users. >> this is the whole point, they can pounce. if they were willing to do something different this time, think about their market share globally for smartphones. it's getting destroyed by android. >> i need to get a bottom line, though, dan, let's say they don't license, would you be bullish, apple. >> melissa, there are some very fast-growing businesses at apple. they're playing paying ridiculous multiples for. with 150 -- >> so you like it. >> it's a cheap stock with some fast-growing businesses. >> all right, so you like it, bottom line, good. >>> coming up next -- they say one man's trash is another man's treasure, could that be true of blackberry. carter will tell us after this break. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats

the r&d later. liz: $19 billion, we would be making a huge deal if it were. appleas such smart people behind-the-scenes that they can in no they on their own but people want to see something new. he refused to articulate exactly what they are doing and he did say the court tried to maintain an element of surprise, we are not going to give a road map. he feels he was ripped off all the time. what do you think is going to be on the docket for new innovation? >> it is around a watch and the tv, the most likely categories. the tv anticipated for long time but this set up to be the year the tv takes reality and separately if there were a couple outside categories they could get into around home automation and mobile payments using your phone as your wallet so those other four things. liz: square has jumped in and done that and that doesn't get me too excited. should it? >> it doesn't in its current form it is not very exciting. the current mobile apps out there, at the end of the day what gets people excited is not waiting in line and one of the promises of the digital

forget the share buyback, talk about the products. apple iphone sales have slowed down. hether tim cook is visionary. he can certainly run the company but is the visionary steve jobs was? at what point do you look at these and say we'll take some profits? >> first of all, long-term investor, it is not my money. i represent five pension funds in new york city worth some $150 billion. our largest stake is in apple, $1.3 billion. we definitely want this company to grow and prosper. how they get there is through a long-term view of the company. they have two amazing product that is account for over half their revenues. their smartphone and ipad. agree with you. technology will get more complicated serbly there is lot more competition. part of the reason we wanted to slow this down a little bit against the icahn proposal because we wanted apple to have a cushion so they could innovate, they can look at the market and make smart decisions where they're not under the gun. liz: let me push you a little bit. what carl icahn started buying the stock it was $468 and a share and chan

the i found killer? danowski of song and fails just as apple tries to defend itself. ne explodes what is the biggest challenges former commerce secretary could year is has been there , done that and what advice he is giving

he has all the details. apple on the market.lot to talk about here before we kick off the weekend. ♪ >> apple surprises the markets with a big buyback. who is next? just so we're all on the same page, we've been talking about this all day. apple, in the past two weeks, bought $14 billion worth of stock. that is a lot of stock. that is about 3.0% of the total shares available. that is like 78% annualized. sometime in the middle of next spring, apple would have effectively gone private. they would have bought all their stock back. what a concert when you think about apple, the largest stock in the world. why did they do it? because it works. there is a buyback index. it invests only in companies that announce big buyback. compare this index to the s&p 500. it is almost double what the s&p is. it is simple. if a company is buying back stock, you want to be that stock as well. stock, be shares for earning go up. the point is, the proof is in the pudding. else hasto know who big buyback in place. here is what we did. we looked at the

apple laptop. they are putting tape over the famous symbol of the apple. that is because the south korean company bought the rights to be the official electronics sponsor. >>> version galactic says this is the year it offers special space flights. it has already sold 680 tickets for quarter million dollars each. travelers will experience the weightlessness of zero gravity. the program however still needs final approval from the faa. virgin georgia lat tick opens that happens before the end of the year. virgin america will offer a dedicated social america during flights next week. they will have a dedicated linked in app so they can connect with others on their flights on other virgin flights. virgin already offers seat so seat texting and in flight flirting options, pam. service will be available on all virgin america flights by the end of the month. hey girl in seat a-16. >> i know just what you need to be bugged on the plane. >>> 4:47 is the time. sal, how is traffic in >> how you doing pam? [ laughter ] that kind of stuff wasn't available when i was sing