the c.e.o. ok. can apple. be criticized for timing major upgrades of its operating system to coincide with the release of a new phones is that it is is that ultimately behind this issue well not really in the sense that is the natural time to do it if you're launching new phones you tend to launch new software and therefore people on the older phones want to have some of those benefits and there for you again you could argue that they're actually doing the users a favor i mean i agree that this is really about batteries i think is a very important point to using i don't see how it's a favor i just don't get it. well because you given the new features i mean when you upgrade the software on a new phone the old version the slowdown by some of those retailers their phones being slowed down so. they don't know that only because the batteries all are as i'm just glad to say i don't know how to say good point is you know you should be able to change your battery more easily but the issue is how easily you can change

but for now the apple one is being manufactured in the jobs family garage. i'm pretty much the only person who worked in the garage at least on the apple line . steve jobs was on the phone all the time he was in the kitchen on the phone i was in the garage testing up on boards one year after the founding of microsoft the apple computer companies established in april nine hundred seventy six microsoft and apple the two pillars of the computer revolution they both and a believe that computers were not just important but crucial. and. and yet they had a very different way of going after it jobs was coming from hardware and and gates was coming at it from software and that was so they came at it from two different directions but they both. were very strong minded men who believed they were they were changing the world. while bill gates continues to develop his basic the silicon valley do you will push ahead steve wozniak develops the apple two steve jobs looks at investors so that he can grow his young company. impressed by jobs angel investor mike marketa inves

the u.s. senate has demanded answers from apple c.e.o. tim cook a french prosecutor is also now launched an investigation we'll get to our guests in just a moment but first the tasha butler reports from paris. in france one in five smartphone users owns an i phone each new model causes much excitement but not everyone is happy with the u.s. manufacturer a french consumer watchdog has filed an legal complaint saying apple deliberately slows down old i phone models to encourage customers to buy new ones we're having that they are doing what we call planned. since two or two in the purpose for paper to buy a new one if it's a marketing strategy thing care that we have enough proof to make this. pope says apple uses software updates to slow down its phones the watchdog says recent updates come in sided with the release of the i phone eight in france such a practice is illegal under french law it is a crime to deliberately shorten the lifespan of a product in order to try and force consumers to buy new ones but is found guilty can be punished w

the apple press release speaks to that. eference the tax cut, the trump administration i don't think that's by accident when you write those press releases you know what you are and are not putting in there if you were looking at it subjectively, the president should be probably higher considering where the economy is now. when you run what is essentially a divisive presidency, your rhetoric, the words he uses, how he talks to opponents, about the media, that's creating a degree of political instability you have seen it play out in alabama, in virginia playing out in wisconsin you see it in the poll numbers even with the economy where it is the majority of americans think the country is on the wrong track. >> i take your point that the president's tweets and sometimes his comments alleged or otherwise tend to trip him up. don't you think he deserves a modicum of credit for the moves apple gives him specific credit for it or not that he deserves and this tax law deserves credit for things that american companies are doing lik

>>> this week, the fda approved the first device for the apple watch. and a veteran briefs us veterans in the workforce and sarah lacy feels repressed, and michael from cork and mike sullivan from fast company. in week on press here. good morning everyone, i'm scott mcgrew, the apple watch has been a big hit or miss for apple and it has a sensation for those focused on health. this mother and daughter experimenting with the watch for cnbc. >> i'm not sure that i understand how to use it well look, what time is it? how many steps did i walk today? and then, this is always curious. >> your heart rate. are you stressed right now? >> the watch is stressing me out. >> the latest technology is for the unhealthy. a company called alive core has approved the first medical accessory for the apple watch. hardware that allows it to perform regular ekgs on the wearer. we have the ceo of live core, the cop that makes the device. he is a former google vice president where he ran the company's social efforts joined by mike sullivan of fast company and michael koran of

look at the apple stock chart. why is it up today up because they are happy that apple is spending more money on investment and hiring people, or is up because an announcement like this clears the way to answering mr. lleu's question t provide a whopping share buyback and potential one-time or long-term dividend increase here why bid up the stock i remember years ago, cramer told me companies hire people when wall street rewards companies for hiring people. i don't know if they are happy about the added investment, or they see announcements like this as a precursor for a large dividend or share buyback. >> by the way, bank of america, i think will pointed it out this morning, but after they did a similar pay increase, they did say now we are going to focus on improving our shareholder return you know, steve, a lot of companies are sensitive about the optics of this there's been so much leadup to how the tax reform dollars will be spent, but even if they turn now and do capital return, okay, fine, again, do you think

apple product for 17 years. a few years later ibm joined the party. apple took out a full page add that said welcome ibm. seriously. the pc was not the most advanced computer out there. it has the very important job of legitimizing personal computers for business. until this time, most businessmen looked at the micro processer based computers like the apple as basically toys suitable for home or educational environment. not for business. it took ibm in 1981 with the pc to finally put a stamp of appro and legitimacy on the pc. you could actually do business type of tasks using an ibm pc. ibm's initial strategy being a pur var of mainframe systems was to protect the mainframe. that's what was generating their billions of dollars in profits. mainframe is a room-sized computer filled with spinning drives and hard drives and people running around. the ibm pc was initially viewed as something that would connect tho those main frames and only later was it something that would standalone and be used by an individual. we're nourp in the networking in the web gallery. what we have is google's first web server. at t

they make the main engine for components in the apple watch and iphone, the ipad, the home pod, and apple the neural engine for processing tasks, and they have t1 and t2 mac chips, and why that is interesting is that intel stockholders will be interested in this because intel has apple as its biggest customer. apple is trying to knock intel out of its machines in the future. emily: it is highly competitive, and consolidating, how does apple taking this on impact the rest of the companies that depend on apple as customers? mark: two of the bigger companies affected here are intel and qualcomm. there is tons of litigation between coal, and apple -- qualcomm and apple. starting with the iphone coming out later this year, we have reported they are looking at providers suggest intel and mediatech to take on modems. modems allow the phone to connect to the internet, and to make phone calls. so they are clicking qualcomm out of there this year. longer-term, we have seen the hiring of former qualcomm engineers working on modem chips by apple, so that could indicate that apple is looking at that a

you have the eu slapping a fine for a relationship with apple. s a shifting tide and sentiment from the democrats toward the tech community, and of course activists and investors in apple are claiming iphones and other devices are addictive and it needs to be addressed. what do you make of what seems to be a very fast change in how the public is viewing tech now >> i think part of it just goes with the territory because the most valuable companies in the world, take the top ten most valuable companies in the world, majority of those are big tech so of course the spotlight is going to be on them. i think the real challenge is for companies like facebook who are now realizing that they had far more impact on people's lives because of the fact that there was fake news out there and various investigations that are going on but we'll have to see. i don't think it will be as highly regulated as was suggested. mark is one of the brilliant mine's in silicon valley, but my sense is that we have seen this movie before where the biggest players in an industr

the group of investors targeting apple over the iphone's impact on children. jana partners along with the california statement teacher retirement system bert known at calstrs sending an open letter to the is capital gain it's not address the issue enough, apple responding to the criticism and promising new features are coming john is managing partner and barry rosenstein is here along with charles person, a partner at jana as well. we're also joined from california by the director of corporate governance for calstrs ann sheehan. welcome to you all. >> thank you. >> i think the question on everyone's mind today is why apple? of all the companies out there, why apple? >> why apple >> apple is unquestionably a remarkable company, most valuable company in the world, and -- and a very responsible company, but there's no question that we need to be more responsive to children's needs and children's activities, and there's lots of research that has indicated that excessive usage of smartphones is damaging to kids, and so, you know, this should be an easy fix for appl

ii,he basis of the apple apple kept itself afloat for many, many years. first few years of sales of the lisa and the mac were very disappointing and it was only because of the strong apple ii sales that apple was able to stay in business. remained the apple ii an apple product for an astounding 17 years. a few years later, i.b.m. joined party. apple took out a full page ad in the "wall street journal" that i.b.m.,lcome, seriously. p.c. had the very important job of legitimizing personal computers for business. until this time, most businessmen looked at these microprocessor based computers like the apple, the trs80 and basically toys suitable for home or educational environments but not business. entry into thes field in 1981 with the p.c. to approvalut a stamp of and legitimacy on the p.c., you business tasks using an i.b.m. p.c. strategy, being of main frameor systems was to protect the main costs.t all the main frame is a room-sized computer filled with spinning tape drives and hard drives and people running around. the i.b.m. p.c. was initially that wo

facebook, microsoft, qualcomm, and out the back, and apple. was a common theme in the tech reports this week. shares and alphabet, amazon and others hit records after reports, and analysts are expecting the same. --ning us now from new york bloomberg tax julie for hageman. kathy, i will start with you. let's start with the earnings that you are watching. what are you most optimistic about? taking our cues from companies like netflix which showed that once you get into the sweet spot -- you seek exponential, accelerated growth. we see this when market shares get 10, 20%, and we see that firms dreaming media, and mobile advertising is a percent of global advertising, now it is at 17%, right at the sweet spot on the curve. amazon is entering that space -- you have facebook at roughly, i think google is at 73 billion last year, facebook roughly 40 billion, amazon roughly below 3 billion is nosing in but it has the most valuable advertisers because there are ready to buy and advertisers want to be or the purchasers are. emily: what are analysts say

unveiled the apple watch and apple music. largestd off the acquisition in apple's history, buying beats. environment, the philanthropy, equality and education. he stood up to president barack user privacy and maintains a dialogue with president trump despite their on climate change. now, as iphone sales plateau, at where theain big innovation at apple is going to come from. cook as he with stakes out new territory for the company's future, from t.v. to first newpple's product category in years, a smart speaker called homepod. a direct challenge to amazon and google. on this edition of "bloomberg apple c.e.o. tim cook. >> tim, thank you so much for joining us. it's really a pleasure to be here. again.t to see you unbelievable to be here obviously. newet's start with the smart smeerk. smeerk -- smart speaker. should people buy it, over amazon echo or google home, at price? >> we've tried to build something that is a breakthrough speaker first. d.n.a., deep in our dating back from itunes and ipods, so we wanted something one, sou

at the. apple wants to pay taxes and the reason donald trump's u.s. tax reform well the take giant says it will call for taxes on around two hundred fifty billion dollars in overseas cash and create thousands of jobs in the united states. also. coming up a beijing released better than expected growth figures today adding stronger exports and infrastructure investments to the economy we get some analysis from the marketer institute for china studies. welcome to your business and we're starting with some good news for air bus that's just in emirates airlines has announced it would buy twenty a three eighty super jumbos with an option of sixteen more the deal is worth sixteen billion dollars and comes as a big relief for the european aircraft maker earlier this week abas c.e.o. old john lee he had admitted the a three eighty program would have to be discontinued if a deal with dubai based emirates didn't happen soon the a three eighty the largest passenger plane in the world has proven to be too big for many carriers toting airbus proudest project into a

the greatest bull marketim? >> smartphone addiction. two big applenvestors want the company to do more to prevent overuse by kids. is it apple's responsibility? >> and the long haul. as the economy keeps on trucking so does the trucking industry. those stories and more tonight on "nightly business r for monday, january 8. >> good evening, everyone. welcome. d t 2018 gains. it wasn't a rip-roaring rally to start the week, but it was enough to push the s&p 500 and nasdaq to new records. investors remain upbeat about the economy and confident that it will continue to pick up steam. so here are the final numbers. the dow pulled backdroping 12 points. the nasdaq gained 20 and the s&p 500 gained four. with a string of record runs in 2018 some may start to think this bull market is shaping up to be one of the strongest ever. mike santoli picks it up from here. >> rep the bull market set to reach its ninth anniversary ever which means investo who expect generous gains from here over the coming years are betting this bull run can become the greatest of all ti

users in france say this is the case with older i phones apple admits to slowing down its phone saying this is simply to control the power spikes to lengthen the overall life of the phone but one group is launching a criminal complaint. there's not much fun when your i phone grinds to a halt now french consumer protection organization h o p has swung into action after surveying over two and a half thousand apple customers h.-o. p.-e. has launched a criminal complaint against the company it accuses the us firm of deliberately slowing its older gadgets to boost sales of the next generation it's called planned obsolescence in industry speak i phone users are not happy. to see at least three four years. what happen to your i phone six. to search my contacts. i find that if that's the truth that apple did this it's very bad it's not good it's really planned obsolescence but there you are i've become addicted to i phones and i bought another one when mine was stolen. french prosecutors have opened a preliminary investigation into apple in france deliberately sho

signs a deal to save the unpopular a for you eighty but how long will it keep the double date when the. apple wants to pay taxes donald trump you waste tax reform spots the take giants move to call what could be the biggest payment on profits for patrick motor city and the chinese surprise the world's number two economy defies expectations with its first annual growth spurt in years but is the dot adopted. and did fizzle and let's do business emirates airlines has announced it will buy twenty eight three eighty super jumbos with an option to purchase sixteen more the deal is worth sixteen billion dollars and comes as a big relief for the european aircraft make it earlier this week. admitted the a three eighty program would have to be discontinued if a deal with dubai based emirates didn't happen soon. largest passenger plane in the world has proven to be too big for many carriers turning into buses proudest project which one night man for the company. because a hobo always has one eye on the sector but i bet he's still got your full attention it does indeed this deal gives airbus flagship pro

let's get the business flash with juliette saly. apple said it will return hundreds of billions of overseas dollars to america. the iphone maker plans to pay about $38 billion in taxes on the money and spend tens of billions on domestic jobs manufacturing and data centers in the coming years. according to people familiar, apple told him issuing stock ace bonuses worth it when he $500 each following the new tax law. stock units will be included. barclays is cutting up to 100 senior staff in its investment bank as part of the division overhaul. the cuts will be evenly split .etween the u.s. and europe a bank official declined to comment. shell and bp have agreed to buy libyan crude, underscoring how the north african countries covering production and improving security are enticing some of the world's largest companies. shell will load its first cargo in days while bp has also reached an agreement for this year. the shell spokesman was not immediately able to comment and a bp spokesman declined to do so. a standoff will last indefinitely, s

the group of investors targeting apple over the iphone's impact on children.rtners along with the california statement teacher retirement system bert known at calstrs sending an open letter to the is capital gain it's not address the issue enough, apple responding to the criticism and promising new features are coming john is managing partner and barry rosenstein is here along with charles person, a partner at jana as well. we're also joined from california by the director of corporat

the door. emily: why would apple do that? ry: the argument here is that intel, by not having a shot, couldn't have developed a better chip. i'm sure the people at apple wanted to go with the best chip they could at a better price. qualcomm paying so many rebates and discounts, basically paying apple off, not only kept intel --ps out of apple funds because of the dominance of these phones, so many apple phones with one kind of qualcomm chip in it means that two things happen. it lets qualcomm lower the price of production. apple phones being monolithic in the way they are presented. lowering that shifts to other phone makers, keeping intel out of the mobile phone business, which has been a running theme for what we've said about intel for the next seven years. emily: they say there will be no repercussions for apple. why not? cory: fundamentally what apple is getting his a lower price. they have decided not to punish apple for being in collusion with this. the notion that apple was getting what it wanted, lower prices, not coll

the apple zaun is a territory disputed on many fronts. ne hand, business interests speaking petroleum, gas, timber and gold and also from the per vacation of policies that promote conservation without considering humans. >> this was the second and final leg of the upon tip's weeklong south american visit and the first time the pope has denounced environmental degre days in a place as isolated as this. >> i have a feeling of peace and tranquility. he has comfortsed with us his soft words telling us you can change this world and continues with your customs and traditions. >> pope francis also feels the worry about the loss of forest in which we native people are affected on a social, environmental and cultural level. >> from the rain forest region, the pontiff then traveled to peru's capital legala to meet with authorities there. but the car carrying the pope suffered a flat tire, forcing the pontiff to switch vehicles in the middle of the motorway. successive political leaders have tried and failed to slow the illegal gold rush but the appl

so the right thing for apple to , clearly the right thing. ably 80% -- 80% of is reason of them doing this because it is good for apple, 20% because it is for political reasons. scarlet: what are they going to use that money on? they said they will spend it on ex, but are they talking about factories? what can they produce in the u.s. that they cannot produce elsewhere? gene: one of the things that apple prides himself on is customer service. if you were called apple customer service in the u.s., you are supported by someone who is based in the u.s.. if you think about this investment, at least the early stuff they are talking about is probably going to be not as exciting as it sounds. it is like an office park where they are doing technical support . it could be everything from doing customer calls to coding and basically fixing software patches, things like that. that is probably stage one of this. down the road, they have talked about doing things in the state of wisconsin, so there could be other manufacturing related news. but the substan

it seems as though the reception has been positive. >> the positive news is that apple is bringing the cash back, now it's a question of what is apple going to do with it. if they sit on this, that's good for share holders and good for the growth of the company, and that could weigh on the stock if apple says we are making bold moves and investing in the future that could be key >> i wonder which other u.s. tech companies with -- non-financial companies with large stockpiles of cash will think about repatriating as well thank you very much for joining us on street street. >>> a quick look at u.s. futures. we said it was another record day yesterday. looks as though it will be a bit softer this morning, but nothing major. dow jones seen to open about 8 points weaker. that's it for today's show i'm joumanna bercetche hope you enjoyed the show. "worldwide exchange" is up next. it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally

owners, the companies of all macs, apples, iphones are affected by the big security problems. david: it is jobs day. i am david westin alongside alix steel. i guess the jobs day is pretty good. alix: yes, i guess, unless you look at the dollar and say, i do not know, i do not really love it. one and a half hours until the jobs numbers. s&p closing at a record yesterday. weaker.lar slightly the euro has been stronger. we have weaker inflation print in europe. the dollar a little bit stronger then heading into the jobs number. don't forget yields at $2.46. a tear, and crude a little bit down but still above the $61 level. david: emma chandra is here with first word news. emma: thank you. north korea has agreed for the first talks with south korea in years. the winter olympics are being hosted by south korea in february. north korea has assigned a delegation to the games. environment to ask the trump thenistration's -- fight trump administration's plans for offshore drilling. the obama administration gave up on drilling rights. in the u.k., productivity rose in the fourth quarte

in 2012, the justice department sued apple and book publishers over the first effort. at resulted in a $450 million fine. this time apple is working on a redesigned version. amazon has just over 83% of the e-book market in the united states. amazon is in talks to buy box.com according to a report in "the new york post." this comes as a grocery store chain kroger also showed interest in the company, known as the cosco for millennials. if amazon does make the purchase it would shut out kroger from , getting a foot in the e-commerce space. coming up, robin hood financial is getting in on the crypto craze by launching trading for bitcoin and etherium. we will speak to the ceo next. this is bloomberg. ♪ emily: robin hood financial, which makes a free stock trading app, is launching trading for ethereum an bitcoin -- and bitcoin next month. it comes with a lot of risk. we are joined now by the cofounder and co-ceo of robin hood financial. thank you so much for joining us. how challenging was it getting this off the ground? guest: we have been working on it for the better part

the pop star channeling apple's late ceo steve jobs. album "man of the woods" dropped last night. what a week it's been for music. this new album, the iov news out of apple, billboard reporting, the spotify 70 million user thing, right >> yeah. >> busy. >> i can't get over this timberlake/jobs comparison because to me it's timberlake playing an actor who played steve jobs, and it shows just how deep this idea of apple and invention and technology has gotten into the culture. >> with robotics and maybe augmented reality layered on to it, right. all this stuff jobs is part of the pantheon and we make these oblique references to him. >> like albert einstein with the hair. >> yeah. >> what did isaacson write about, einstein, ben franklin and jobs, right? he's in the pantheon for sure. >> da vinci. >> take a look at the markets. hung in there. boeing crossed 300 for the first time ever. big part of dom's report about stocks that could theoretically get you to dow 30k. >> unstoppable the dynamic, last year's winners doing great and last year's

i know, back in the day when i was at apple, that was not the revenue driver. about selling more devices. if you think about it, i think users will buy more devices if they have the information and control over those devices. i know a lot of parents consider, should i buy them a cell phone or not, a tablet or not? they would buy multiple devices for themselves and family if they knew they could control them. today they are wary, because , they're like, i have to collect all of these devices and set controls on all of them. these controls become cumbersome. extra devices become cumbersome. that is limiting the business potential for a device manufacturer like apple. emily: what about facebook where the business literally is the more you use facebook, the more ads we can show you, the more money we can make? tony: my kids are under 11 years old. they don't have any kind of social mobile accounts. not allowed. our family doesn't use them. at the end of the day, you need to look at the contents of that social mobile app. what is a protein? i think there is a great

apple music. he pulled off the largest acquisition and apple's history, buying beats. he has taken on issues like the environment, philanthropy, equality, and education. he stood up to president obama on user privacy and maintains a dialogue with president trump, despite the disagreement on climate change. now, as iphone sales plateau, questions remain about where the big innovation at apple is going to come from. we sat down with cook at apple's annual developers conference as he stakes out new territory for the company's future. from tv to cars and apples are's category in years, a smart speaker called home pod, a direct challenge to amazon and google. on this edition of "bloomberg: studio 1.0," apple ceo tim cook. ♪ emily: tim, thank you so much for joining us. it is really a pleasure to be here. tim: it is great to see you again, and unbelievable to be here, honestly. emily: let's start with the new smart speaker. why should people buy homepod over amazon echo or google home at this price? tim: what we tried to do is we built something that is a breakthrough speaker

they are going to extend to the cloud and the edge. apples developing for that, but other guys are going to develop for other kinds of the vessel is -- other kinds of devices we don't even know what they are. intel is the biggest player in the chip business, for the big players -- emily: trying to buy qualcomm. guest: right, but the big chip players are doing well. starting to get intelligence embedded into our microwaves, and everything. obviously automobiles and all the developers there. because there are so many different places this stuff is the iot market, all of that creates data to which creates demand for data centers. i will say one thing to what corey said. yes, intel had amazing growth, but let's be honest. i think that maybe hard to replicate on and on. reporter: if they can keep doing this. i don't know if we can. they are not going to promised when percent growth -- promised 20% growth. acquisition, a really it was a deal, all those little chips you are talking about, that business -- a really expensive deal, all those little c

the coming year. why do you think apple will be the big buyer?s with the new trump administration, it opens up the opportunity to bring in a lot of cash internationally to the u.s.. invest in r&d as well as other companies, and don't forget stock buybacks. what we do lay out a list of potential shopping targets, we also want to know that stock buy back is probably going to be on the front of most companies out there. you mentioned political uncertainty. we have a chart here showing the relationship between political uncertainty and m&a volume. you think apple has the problem of to much cash, what you think the target might be? jim: it's not only a problem today, but also a problem getting worse. that's a good thing. too much cash growing to the billion per year. when you think about m and a, first it is important for a company to invest in itself and innovation. second, what kind of items are they missing. and time talked time again about content and creation of content. emily: so you think about disney? jim: that is one people talk about among o

shery: thank you for joining us with the latest on apple. is asented at jim jordan member of the house freedom caucus, as well as a social conservative. -- we welcome him now. thank you for being with us. we heard that apple news, they plan to invest more given the tax reform bill that we just got past. , that momentume is a appeared to be sticking around for the gop as we are headed towards a potential government shutdown. how are you going to vote for speaker ryan's short-term funding bill? >> what we need to do is fund our national -- but not allow the democrats to continue to say that for every dollar you spend for the truth, we spent -- we need another dollar for spending. that is a bad formula, a bad pattern. it is not what the election was about in 2016. let's hold the line on everything else -- and if the democrats want to shut down the government because they want amnesty and they don't want to pay our troops, i will take that debate any day of the week. that is what we were elected to do, and that is what i support. david: you are v