they're talking about the apple watch and apple ipad.cts which analysts have been negative on for apple. >> it's a little surprising given all the negative talk about apple. but target and best buy are having absolutely amazing deals on these products, they're giving gift cards. rebates. i think through today and christmas it will be huge for both of these products. we'll seal how it affects the bottom line when we announce results next year. >> the debail rages on about the chip orderers and whether or not there's a slowdown in the pipeline and what it means for phones in the december quarter. what's "9 to 5 mac"'s take on all of that. >> apple diversifies its chip suppliers, it's hard to look into the supply chain to get an idea of how many units apple is selling, what their margins and revenues will be. i think it's safest to wait to see how apple portrays their numbers, come the announcement. >> is it your sense that the ipad pro can in fact rescue the tablet category, the way some apple enthusiasts suggest? >> i've been using the ip

the apple ii was -- i did the best genius work of my life, that i was well known for. ts, condensing things, getting extra performance, doing things people never imagined. ♪ this is our millionth apple ii computer. that is why it is gold. a million sounds like a large number, but you remember number one. you remember number 100. this is number one million of the apple ii. it will probably seem small in a couple years. so we had two phases. this garage was a little partnership with a partnership agreement. it was small stuff. the apple ii was the big company, we got an investment. once we got the investment, that is when steve's personality changed. he was going to be a businessman. he wasn't going to be joking anymore. he was going to be dressed in a suit. on the cover of magazines. that was his role in life. steve just felt like computers added up to companies that could make money. when we went public, yeah, a few of us became unbelievably wealthy. we were worth so many hundreds of millions. i designed these machines because i wanted computers for myself. i wanted to

the apple tv won't have a big financial impact at least in the near term. piper estimates it could add about 1% to revenues in the december quarter. listen, apple has shaped $1 billion ios devices. if cook can get a significant number of those fans to buy an apple tv and maybe even subscribe to that much talked about subscription streaming tv service, that could mean a lot of money, even for a company that now boasts more than $200 billion in cash. john, back to you. >> let's stick with apple tv and whether it's the future of television. this new information on gaming strikes me as positive for apple because in paid apps, games are huge on the standard apps store. you'd want to see that developer ecosystem moving to apple tv. if i'm a game developer, this tells me, all right, jump in, the water's fine. >> absolutely. i think apple taking a few years to rethink their ios and moving into the tv ios, creating an opportunity for app developers. seeing an early feedback from the gamers. there's a greater opportunity people will say, do i want to watch tv or do s

we take you to the apple store on fifth avenue. police say a man wielding a sword entered the store and it caused a little bit of a panic there. >> welcome back. we're learning much more about the situation that happened on the east side just a short time ago. this is a picture of that suspect being subdued. as you can see, it happened outside of the apple store it looks like. and you can see that rather large sword being held by someone who we're going to assume is perhaps either security or a law enforcement officer. but this just all happened a short time ago at the apple store on 59th and fifth avenue. the store was evacuated. here's more. >> reporter: according to the apple store on 59th and fifth avenue. it happened in the stairwell. customers in the store say the security guard in the store customers. he was in the stairwell with the sword screeling something. witnesses couldn't tell what he was screaming but he was forced out to the public out here. out here, he started to do some strange samurai sword demonstrations and we

. >>> and later a strong day on apple for the first weekend of sales for the apple tv. how well the new device scored with consumers and what it could mean for the stock. all of that and much more ahead on "fast money." my language skills, i've read all of your lyrics. you've read all of my lyrics? i can read 800 million pages per second. that's fast. my analysis shows your major themes are that time passes. and love fades. that sounds about right. i have never known love. maybe we should write a song together. i can sing. you can sing? do be bop. be bop do. do be do be do. do do do be do. >>> welcome back to "fast money." fitbit falling hard after hours. hovering near the session lows. seema mody is back at headquarters. >> down now 8.5% on heavy volume. the company announcing that a flood of new shares will hit the market. a secondary offering of 21 million shares it. also announced the early release of lock-up restrictions on 10% of the outstanding shares. on a separate note, the fitness device maker did deliver a blockbuster earnings report due to strong internationa

apple? tony: i was obsessed with all things computing in the 1980's. it started with apple to. u worked on some of the precursor devices. decade, youf the probably knew more about mobile devices than literally anybody on the planet. emily: i kept doing -- tony: i kept doing the things i love to do. emily: tell me about when you met steve jobs. partythere was a birthday where i made for the first time. the next time was to give the pitch for what would become the ipod. emily: you gave the pitch for the original ipod? tony: i was leading the charge in talking about what it was. layout oferally a what digital music of the, what the challenges were. there were three different concepts or it the one we thought the best was the most expensive, the risk is one, and steve was very engaged in very much driving. , but he presentation flips through the deck and jumps around. there was no linear format. you just braced yourself for impact. you throughout conjectures and rolled with it. emily: where did it in? tony: we were going to do this and tony, we want you to lead it. i had been in oth

this is inside the apple store in midtown. two officers insided the store at the time did manage to tackle this one to the ground and took him into custody. he was taken to bellevue. you see him, everybody trying to figure out what's going on. 6:00. >>> a native son of long island is using his influence to help the next generation of artists. billy joel is voicing support closure. he wrote a letter to the school board urging him to keep the arts and science schools open, and after the letter was read they voted unanimously to take steps. >>> and the american music awards are sunday, and there will be a special tribute to the victims of paris attacks. celine dion will sing in french. it will be added to show solidarity in the attacks. >>> break ups can be pretty tough, but facebook is helping to ease your pain. the social media giant launched a new tool called take a break, allowing users to wipe their romantic slate careen. now when you -- clean. when you change your relationship stat us to single >> facebook is smart to roll i

when the night is you ♪ ♪ i'll be looking at the moon but i'll be seeing you ♪ ♪ don't sit under the apple else but me anyone else but me ♪ ♪ no, no, no don't sit under the apple tree ♪ ♪ with anyone else but me until i come marching home ♪ ♪ don't go walking down lover's lane with anyone else but me ♪ ♪ anyone else but me anyone else but me ♪ ♪ no, no, no don't go walking down lover's lane with anyone else but me ♪ ♪ till i come marching home ♪ i'm so afraid the plans we made beneath those moon lit skies ♪ ♪ will fade away in your eyes ♪ so don't sit under the apple tree with anyone else but me ♪ ♪ till i come marching home home, home, home ♪ ♪ home sweet home until i come marching home ♪ ♪ so don't go walking down lover's lane ♪ ♪ no walking down lover's lane until you see me ♪ ♪ when you see me marching home then we'll go arm in arm ♪ ♪ and sit down under the apple tree ♪ ♪ baby, just you and me when i come marching home ♪ >> ladies and gentlemen, the democratic leader of the united states house of representatives, the honorable nancy pelosi. >> good afternoon, everyone. mr. speaker, mr

the way the smart phone has become. to me, i think apple probably has a mid year opportunity into possibly early release phone. it's trading at ten times, you know what i mean? 7% expected growth. between now and then, i'm with guy. i think the stock will be rangebound between $110 and $130. >> you should have stuck with shake shack. >> still ahead, having the worst day since the tech bubble burst. how traders are protecting. you're watching "fast money" on cnbc. here is what else is coming. >>> the innocent die. >> a major blood conference next week could make or break the fortunes of two biotech stocks. and make you fast money. we'll tell you the names and how you can profit. >> plus, chinese stocks are on fire. there is something wrong with the rally. >> the poison you just drank. >> it's not that bad but could spell trouble for the rally here. we'll explain what it is when "fast money" returns. for the same price? yea, allow me to demonstrate. you like that pretzel? yea. 50% more data for the same price. i like this metaphor. oh, it's e

steve: he would always come to the conclusion that apple should buy next and bring the next technologyd 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? of course, that's exactly what happened. he came back, and boom. he was possessed. i think he had 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, elon musk as well, which i came to learn, has this visceral agitation with imperfection. emily: tell me about your relationship with elon. he went into debt with tesla, writing checks to make payroll, and the headlines say that you saved him. steve: he was doing just fine. we first met in 1996, when he first came to california, pitching his first start up. i heard it, but we did not invest in it. the relationship -- seeing him develop these companies was fascinating. in december of 2008, he saves tesla s

theory of gravitation either watching an apple drop were being hit on the head of an apple drop in. that's a little bit more dramatic right? getting hit on the head. but the stories in the history of science turnout to be fascinated but untrue. >> let's look at your book means apple and other myths about science. did he develop it in a vacuum, all, all of a sudden? >> no. that is another frequent myth that breakthroughs in the history of science and medicine take place instantaneously with a brilliant person. newton was brilliant. but he worked on this problem for a long time and developed a mathematical theory, he wrote a book called the print kip year a which very few people could or did read. a very difficult book. >> but you read it. >> i have a copy, not an original unfortunately. i have read in it. in the second edition he added what is accessible to general readers. there again, you see another myth laid to rest, the myth that newton did away with god. and explain the solar system and other movements, mechanically. he is very explicit in this general

emily: not a fan of the apple watch? steve: battery life for me. have a lot of watches and i cannot fathom in my personal use charging issue. emily: should tesla focus more on lower-priced, mainstream electric cars? the model three which is supposed to cost $35,000, but that is the base price. steve: that is their long-term vision, you either have many billions of dollars to put into equipment to mass-produce, or you do it in iterations, take a current model s, if you factor in the total cost of ownership over five or seven years, fuel cost and maintenance cost that are lower, your total cost is not that different from a high-end for taurus. if you start with the next vehicle and do the same analysis, it might come up to like a civic. that starts to sound like a more mainstream vehicle. emily: how concerned are you about google? ♪ emily: i know you are super fascinated with machine learning, what is your vision for how ai changes our lives five years from now? steve: a little more than five years, what we call things that are creepy or magical in th

that is what apple should do with the cash horde and what it means for the apple bottom line. >>> and later, the retail weekend is in the books and it doesn't look good. we are going shopping for the answers with the former chairman and ceo of saks. there are three things that could right the ship. he'll reveal. >>> but first the troubling development in the market today and that is biotech falling hard. and here is the worrisome part. news, and the ibb tumbling 1% on the day. but it wasn't just biotech. take a look at names like facebook, amazon, netflix and nike. starbucks getting tsh hit hard. as we head into the end of the year, what do you see? >> the biotech index, the ibb, trading up to 400. the move down to 1060 and when it broke through tim said there is a good chance we could see 285. and we saw that. to answer your question. we have had a nice bounce off the 285 level. i think what you're seeing is a healthy selloff on the back of a good run. the other things are concerning, i would think. but this is month-end today. so maybe some people are taking money off the tables and

the beginning. >> how many students come in believing that isaac newton discovered gravity from the apple or that the earth was flat? >> i get that when a lecturer. this is what we were taught. in and. >> you cannot sell that. >> we wanted to come up with a catchy phrase. it is what they teach:the history of science and religion but in this area there is no myth greater. you have wonderful stories about where galileo in to be put in prison in a dungeon in prison for life is in the u.n. tablas way not to offend people. beacons they don't go. routing this system. but somebody who has been supportive is and how i could be frisky. so he writes a dialogue clearly facing the video centers and. of course, to an argument about the pope but he comes down. but not incarcerated. but historians have accounted for most of the time except some very brief areas. analyst certainly he would never go to jail. after the trial we could buffet siena. then he goes up to his place but to take care of them. >> was her doing what they did let his experience wasn't nearly as of lot of them and then it came on abou

we begin with the wild scene in the middle of a fifth avenue apple store. matt cozaar has the latest on the sword scare and the new video. matt? >> reporter: when shoppers saw a man wield be a samurai sword inside the apple store, some thought it was performance art. but when he started swinging the saber at customers, like he had a bomb, everyone went running for cover. this cell phone video could be straight from a martial arts movie, but it's the apple store on fifth avenue. a crazed man with a samurai sword brought the packed store friday. in the video, you see police and security follow the man up the spiral staircase. >> when he pulls out this sword, i mean, i'm telling you, the blade was this big. >> he was right on top of me on the glass stairs. i basically looked up and all i saw was him swinging a sword. >> reporter: luis apollo says customers rushed to the emergency exits when the man bomb. >> he got on his knees and he tried to puncture himself with the sword and started to count upwards from one to 10. >> reporter: he snapped these two off-duty

apple? tony: i was obsessed with all things computing in the 1980's. it first started with apple ii. ily: you worked on the earliest mobile devices, like the precursors to this. general magic. at hewlett, you started your own decade. by the end of the decade, you probably knew more about mobile devices than literally anybody on the planet. tony: i just kept doing the thing i really love to do. emily: tell me about the first time you met steve jobs. tony: andy herzfeld, one of the founders of general magic, he had a birthday party. steve was there and we talked for a few minutes. that was the first time i met for the first time. the next time was to give the pitch for what would become the ipod. emily: you gave the pitch for the original ipod? tony: there was a whole team of us, but i was leading the charge in talking about what it was. it was literally a layout of what digital music could be, what the challenges were. there were three different concepts. and the one we always saved for the end was the one we thought was the best. it was the most expensive, the riskiest one, and steve

sold themselves too cheaply since candy crush is still one of the top and most profitable apps on the apple store. >> i don't know. it's interesting. they. >> got a lot of battles to fight at the moment. facebook have just turned off the mechanism allowing people to invite through facebook as well. one of the main sources is on decline as well. >> how is activism going to use this because it's all about the graphics, the experience, the sound effects you can't get that on a mobile phone. >> you can and with the technology moving the way that it is absolutely the power of the phone and capabilities there we're heading in a way where they're converging and it's all about having users in different places. >> so to you, this deal makes sense, right? act vision is making a smart move because not only are they going to mobile but they get more female users. >> absolutely. >> predominantly play candy crush and casual gamers. >> you look at the numbers last year, all of their revenues was coming from consoles so they have to be in mobile. this is where the world is going. >> now, in your previous j

emily: after you got all the schooling, you worked at apple for steve jobs. tried to recruit you at pixar, what was your relationship with him? steve: intense, he has this incredible focus on whoever he is speaking with. i remember the walks we would go on. an agreement to study how he does business. i was an acolyte, that i could understand him. emily: how did you get that from front-row seat? steve: he came to my house and sat in front of the fireplace for three hours and i remember he was obsessed with apple. he did not own a share of apple but was distraught. he felt this visceral pain when apple was getting beaten up. emily: what would he say? like ite always felt should by next and bring him back as ceo. i would look at him like he was nut. what company would bring the ceo back? who would do that and think they could survive? the ceo brought him in and was gone within months. the mass-market appeal apple has. everyone knew he had this fascination with design but at no point did i see him with a strategy. this is crap and this is beautiful. he and elon m

the year. they have started scaling back production. reports apple will adopt new screens on its iphones. they will start using organic led screens from 2018. 2%.isplay gained more than , the close in japan, a slight uptick for the nikkei. here is david. nikkei has had quite a now,pushing towards 18% going back to late september. managed to close above 20000 and hold. hang seng index, 1%. ine guidance this morning case you are looking to buy property. thinking home prices in hong kong may drop at least 25%. , risingnemployment interest rates, but we have heard that before and it has not happened yet. do we hope it happens? no. we have managed to claw back most of those losses. we are still down. was aning said, there unexpected announcement from the government which has dampened the outlook for earnings. the law firm says it won't have a material impact. other movers in australia, bhp on the way down. will they or won't they reduce their dividend? will they need to do it preserve cash? j.p. morgan came out with an estimate for what they could do with that dividend. a quick look at other mo

in a 1977 the duo founded the big apple circus. question number seven, children with hearing and visual impairments can also enjoy the the senses, the circus of the stars or the circus of the animals? it's called number one, circu s of the senses. some spectators can also experience a touch session where they can go into the ring, feel a clown'sose oi a juggler's club. thnde world record for juggling was set by how many balls? number three, 11. that's at once according to the guinness book of world records. alex managed 23 consecutive catches, breakinfua 16-year-olu record. that's 11 balls. question number nine, what a nickname for a clown, a joey a charlie or a steve? a high sc col horse is a horse that's learned fancy steps as part of the performance. the term comes from the famous english clown joseph grimaldi. what famous tv weather man has played ed ed bozo the clown? he first appeared on tv in 1949. since then dozens have ps,yed the character including nbc forecaster wu,lard scott. he ayso portrayed the original ronald mcdonal

i started programming when the apple ii computer first came out. think there is something inspiring about the ability to code machines, unlike other experiments that take time to learn. emily: you graduated from stanford first in your class, you got a masters in electrical engineering, an mba at stanford. steve: i love to learn, and that is what i love about being a venture capitalist, i am always learning. i enrolled into a phd, which i didn't intend to take. it sort of happened. i eventually had to get a job, so i took off. i guess the hoodies and dropping out wasn't as popular back then. emily: after you got all this schooling, you work for apple, you worked with steve jobs at next, and he tried to recruit you at pixar. what was your relationship with him like? steve: it was pretty intense. someone who has this incredible, laserlike focus on who he is speaking with. other thing i most vividly -- the thing i remember most vividly were the walks that we would go on. i had hoisted into an agreement with him that i would study how he does businesses.

but he didn't discover it from being hit on the head with a falling apple. and that's the story that has circulated for centuries, that this dramatic episode in a garden triggered his thinking about gravity, and he wondered why does the apple tall straight down -- fall straight down. it makes a great story. a friend of his started circulating it. it's conceivable that apples happened, but -- [laughter] it's very unlikely that newton developed his theory of gravitation either watching an apple drop or being hit on the head with a falling apple. that's a little more dramatic, right? when you get hit on the head. many stories in the history of science turn out to be fascinating but untrue. >> host: well, and that's the theme of your book, "newton's apple and other myths about science." did he develop it in a vacuum all of a sudden? >> guest: no. that's another frequent myth that breakthroughs in the history of science and medicine take place instantaneously with a brilliant person. newton was brilliant, but he worked on the problem for a long time and developed

the cloud. for now jon, thank you. apples down 3% as this market prod bli speaking the dow trying to hold on to a 19 point gain, the s&p up doenl 2.5. >> we have ben willis, he is with us at post 9, marty partell and mississippi in chicago. ben, is the market finished filling sandbags getting ready for that first rate increase next month? >> no. i'm of the mindset and the school of thought that letting the fed natural lies rates is a positive for equities. the overriding effect on the stock markets and the bond markets are the central banks led by the fomc. we're seeing tremendous amount of flows into the etfs because of the indecision by the fed has led once again for the fund managers that are active managers having to come out of risk trade that's coming off the tape and the individual investors are flowing into funds, mostly the etfs, mostly healthcare, the financials and the like seems to be the ben factors of the flow, but the fact of the matter is rising interest rates are a function and an indication that the economy