act directly against apple for those charges. the court of appeals should be affirmed for three reasons. illinois brick is a bright line rule that respondents easily satisfy. apple directed its monopoly abuses at respondents. it is appropriate that respondents can sue apple for their damages as a result of those violations. third, apple seeks to expand and modify the bright line rule of illinois brick to deny indisputably the direct purchasers and antitrust remedy and to change the rule into a standard inquiry that will be hard to apply at the pleading stage. if i can return to the first point, the direct purchaser rule is a redline role. this court said so in illinois brick and importantly, a case that has not been discussed today, in which the court said illinois brick is a bright line rule for direct purchasers, notwithstanding the economics that go into that. utilicorp was a case that protected the defendants who were asserting that there was a break in the link of the chain. this case is the flipside of that to protect plaintiff

the supreme court heard arguments for apple incorporated versus pepper. they will be deciding if a group of app purchasers can sue the company for allegedly monopolizing the app store and charging higher prices. >> the argument first this morning in case 17204. apple inc. v. pepper. mr. wall. >> thank you, mr. chief justice, and may it please the court. the only damages in this monopolization is in a 30% commission that apple charges developers, which allegedly causes those of developers to increase prices. the case is barred by the brick doctrine, because they pricing decisions are necessarily in a causal chain that links the commission to any consumer damages. if the commission increases beyond the competitive level, developers do not change their apps prices. consumers suffer no damages. if app developers do change their prices to pass on some or all of the overcharge, that is precisely the kind of damages theory the brick doctrine prohibits. overcharge, that is precisely the kind of damages they read that the illinois rake doctrine prohibits. anyn your

emily: i have a chart showing the rise of apple as well as the fall in apple and the rise in microsoft. aside from what apple might be doing badly, what is microsoft doing well? mark: he has really turned the company around since taking over from steve ballmer a few years ago. the company has transitioned from a software company to a software and services company where they are trying to get clear applications on as many systems as possible. you can buy an ipod that is fully loaded with microsoft apps or an android device fully loaded with microsoft apps. if you bought an android device or a microsoft surface even, you can not fill it up with apple services. that is the difference between the two companies. microsoft works on every platform, google does whereas apple is glued to its own hardware. microsoft is winning for itself on that approach. apple, for the last few years has been running on its approach. there is room for both but that is why microsoft has been so successful lately. in addition to their infrastructure around services and service. fascist servers. -- servers. emily:

next hour,n the apple's stock it's a seven month low. ofe analysts joined the core skeptics warning about the prospect for iphone sales. we hear from one who cut his target. 2018 was a year of techlash. what does 2019 have in store? we will look at the possible big tech trend in the year ahead. amazon whole foods splits up with insta card. how big of a blow will this be to the grocery delivery service? apple says china's iphone ban a forfeit -- force it to settle with qualcomm. will also push a software update to chinese users to modify functions found to infringe key qualcomm patents, but qualcomm says this is not enough. here to discuss is mark gurman and the vice president -- we're glad you're back here. walk us through the fine print. qualcommevel apple and have been fighting for a number of years. there are over 100 legal proceedings spread out across the u.s.. this is a wide sweeping dispute. it's in leverage over patent licensing fees or the fees that apple and other smartphone makers have to pay in order to use technology develope

the team today. plus, just how bruised is apple? the answers now as "the halftime "

emily: i have a chart showing the rise of apple as well as the fall in apple and the rise in microsoftaside from what apple might be doing badly, what is microsoft doing well? has really turned the company around after taking over from steve ballmer i feeders ago. the company has transitioned from a software company to a software and services company where there are trying to get clear applications on as many systems as possible. if you bought an android device or a microsoft -- even, you can not fill it up with apple services. that is the difference between the two companies. microsoft works on every whereas or google does apple is glued to its own hardware. microsoft is winning for itself on that approach. is room for both but that is wide microsoft has been so successful lately. the infrastructure around services and surface -- and service. and amazon are not far behind them. do we see these companies trading as a group? will it be unclear who has the title going forward? will we see the shifts going over and over again? mark: i think we will see these in the next several months or

coming up in the next hour, apple's stock hits a seven month low. re analysts joined the core of skeptics warning about the -- the chorus of skeptics warning about the prospect for iphone sales. we hear from one who cut his target. 2018 was a year of techlash. what does 2019 have in store? we will look at the possible big tech trend in the year ahead. amazon whole foods splits up with insta cart. how big of a blow will this be to the grocery delivery service? but first to our top story. apple says china's iphone ban will force it to settle with qualcomm. smartphone makers and consumers will be the big losers. apple will also push a software update to chinese users to modify functions found to infringe key qualcomm patents, but qualcomm says this is not enough. here to discuss is mark gurman who covers apple and matt larson, former patent litigator. let's focus on the impact of tech losses on financial markets. we're glad you're back here. walk us through the fine print. >> high-level apple and qualcomm have been fighting for a number of years. there

now, the question remains if apple builds them will customers come? common wisdom on the apple retail stores was that it was a stupid idea that would fail. plenty of computer companies had tried it. dell had stores. gateway had stores. nobody went to them. it was just an exercise in vanity. but this concept of open, airy places where they weren't going to try to sell you stuff but instead you could ask questions about your apple products, you could see demonstrations, you could get your hands on them, is just an unbelievably different approach to retail. and once again, steve jobs figured it out. >> what began the process of taking apple from a niche player to a leader that everyone had to race to catch up to, even microsoft, was the ipod. >> boom. that's ipod. i happen to have one right here in my pocket. there it is right there. [ applause ] >> the ipod was a classic apple device. a chrome mirrored back, a pure white acrylic front. that famous click wheel for dialing through lists and stuff. it was the first mp3 player that really worked and was so

this is the future of apple in austin. thursday, the company laid out its plan to build a 3 million square-foot campus more than doubling the size of their corporate presence in northwest austin. >> we'll start with 5000 seats in the first phase and we'll have the ability to expand to 15,000 in total over time. >> apple executives and city officials say this would eventually make apple austin's largest private employer. >> it's a part of a plan we have to expand across the u.s. but a key part. >> reporter: the campus will overlap counties and be planted in williamson county. >> i am real proud that the most important conversation that's been happening over the last year about an expansion of a high-tech corporate office was happening in austin, texas and with apple. >> reporter: jobs at the new site will include engineering, research and development, finance, customer support, and sales. with the announcement of more jobs coming to his district, austin city councilmember jimmy flanagan is looking forward to the future. >> i

the u.s. and china. we have seen appleeally take a semiconductors, tech stocks that have exposure to china or products that are made in china. over the weekend, many investors say that it was an increment a positive. at the same time, it is just a lady 90 days. we have to see what happens over the next 90 days. but if nothing changes, we might continue to see the weakness we have seen recently. emily: apple shares taking another hit on the news that of the supplier has cut its sales forecast. -- sales logicts makes audio parts for iphone. it is a great question and a great point. i think there is a lot of stuff going on through all the volatility that really started with the great highs in the late summer. obviously some of the severe damage. are we in a late cycle situation where people are structurally rotating out of tech frantically and stay rotated out of it? the answers here are somewhat nuanced. i view personally is that think the quality and the quantity of the earnings growth donemany faang stocks have will contin

this is the latest the reason why. >> the market or apple >> apple specifically apple this is the latest headwind. every other thing bounced. amazon apple at some point was due for a bounce it having not stopped going down apple was the last one to be sold off >> it's a cycle and we're through the cycle on an intermediate basis. >> it's not as simple if you loved it when it was a trillion and 50 billion. >> i'll tell you what, joe why can't you like it now? >> the story is not over we reached some sort of peak in iphone sales asps weren't going to be enough. >> i know. i know. >> let me jump in here to me nothing has changed in apple's story over the last two months to be consistent, you have to like apple as much today as you did two months ago with the exception of possibly today's news is certainly different. i don't think -- i think the trade dynamics are very much the same you take 10% off a shipment from apple you still are around 200 units, 205 over the next couple of years that takes about 5% off the sales. still takes you at 12 bucks a share which makes you less than 14 -- >> bu

the u.s. and china apple takes a leg lower after qualcomm wins a court order. ing ready to make a statement this hour. will she pull the brexit vote scheduled for tomorrow wilfred frost will join us from london on that and the fear factor steve liesman looking at how market swings are impacting economist projection on fed rate hi hikes. but we'll start are rick santelli and the latest economic data. >> we're looking far read on october job openings and labor turnover known as jolt 7.079 million. this is the fourth number in this data series that has seven million or higher handlement it's the only time in history that we've had seven million the first one was in july. this is the second-highest ever so we continue to monitor that in certain areas the feel-good indices and the jobs numbers maybe avoiding what we saw last friday seem to be very powerful. the response in the marketplace is nil as most investors continue to concentrate on the volatility that emanates from global equity indices. carl, back to you. >> thank you, rick santelli. let's get to steve liesm

the u.s. and china, how does this play out for apple? hink the stock in order to really perform well, morgan, has to solve the china problem or somebody has to solve the china problem. i think the president gets scored out of negotiating. all of the negotiations, watch washington over 20, 30 years, they always go town to t-- downo the last minute. there will be a deal done, whether it is significant or not, who is to know. it is the fine print, the legalese the chinese government isn't in a particularly good position right now. things are clearly slowing in china. the currency is at the upper end of what is socially acceptable the chinese government basically has to maintain stability. if they don't maintain stability, there's a chance that people may protest as they did in hong kong five, ten years ago. everybody's interest is in solving the problem. i think it is going to take awhile it is kind of sport for the powers that be i think they've already taken the toll on the shareholders the stock down $70 billion that's enough penalty for

the according to the berkeley police department, this uhaul truck smashed into the front doors of the applere along 4th street around 330 thursday morning. the collision apparently triggereed a buglary alarm and officers arrived a short time later but the driver of the uhual had already fled the scene empty handed.sotthe engine was still running. there's actually a gate inside the glass windows. the truck didn't penatrate that so the suspects left. they didn't get inside.this isn't the first time this has happened here. back in 2014, a car smashed through the front of the store early in the morning. in that case, the driver made it through the security gate and proceeded to steal several items. no suspects were identified in that case.by thursday afternoon, the apple store had reopeneed. the broken glass had been removed and temporary wood doors were installed. the police department now says they are attempting to identify any suspects by tracking down who rented the uhual and by looking for surveillance video.sotwe are talking to other businesses to see if they have video surveillance or i

we saw the markets move notably. appleittle bit of everything we had positives throughout the last week or so. the markets chose not to pay a lot of attention to the fed's telegraphing fewer rate hikes. the emphasis has been very much on the negatives there are them out there that's slowing growth numbers china slower japanese gdp a little bit lower. mixed signals on trade and a lot of disagreement in the trump administration over the direction. the brexit, and the x factor is the mueller investigation to what is the president in more political jeopardy that might hurt the stock market. a lot of debate. not clear where it's going to go energy stocks, bank stocks, new lows across the board on many of the big emergency names. oil down about a dollar. every day the major bank stocks for the last week have hit new lows you're seeingba bank of america citi, all of them at 52-week lows including the big regional banks. go down the list, 15 or 20 of them, new lows >> bob, thank you. market volatility has investors and economists

down 14% from the death cross. applea lot of damage we are none the wiser where it goes but bottom line here is i think around 140 apple on the charts looks interesting. i think on valuation right now i stand in here and i like the company. >> everybody gets a gold star. on for more on the apple death cross go to cnbc.com "fast money" on cnbc first in business worldwide here is what else is coming up on the show. >> lions and tigers and bears, oh my! >> oh my, is right the bears are on the attack. don't worry doorty we told you how to protect your portfolio no matter what happens next plus. >> you're as cold as ice. >> it's been an ice cold december for retail stocks as the group is on track for its worst month in a decade. the traders tell you four names that are barga bs.inuy much more "fast money" right much more "fast money" right after this & they'll drop everything can you take a look at her vitals? & share the data with other specialists yeah, i'm looking at them now. & they'll drop everything hey. & take carby ye

however apple down 25% from i the highs. there are three reasons i think are important that people can buy apple at current levels. one is short term base oyou look at macdp sentiment has turfed negative on apple because of trade war. now downgraded and it's down 20s% from the highs. the third is weekly moment sum close to oversold in the stock it might not be my best pick in technology, yet i think we are closer to the lows in apple. my low would be 160 is a maximum of 10% i think the stock gets up to 195, 205 a stock i like better are stocks like alibaba chinese technology is looking better than u.s. technology. you see the longer term downtrend from in year was broken out of over the last few days on signs of this trade war truce. and so that's what's interesting is that you look at stocks like alibaba. ten cent showing meaningful signs of technical strength for the first time this year a lot of fundamental analysts have been pounding the table on the stocks for some time many, many are positive on alibaba fundamentally. t

the newest models which debuted in september are not affected. apple and pointed out that all the phones are still on sale in china china is a critical market for the company and these older models are important for apple overall sales of smartphones in china are slowing down this year, and one way consumers are able to stay with apple but also cut back on spending is by buying older phones. eunice yoon, cnbc business news, beijing. >>> elizabeth joins us around the december 1/4 more on this. before we talk about the impact on apple, one thing i want to pick up on, and i think the operative words here are older iphone models. these are the old models, not the new models which leads you to think perhaps they thought about filing this complaint before the latest models hit the ground i know many people are picking up on the coincidence of this timing the reality is they probably would have launched this complaint months ago, even before that new iphone model was launched perhaps we're reading too much into this? >> we know this patent litigation was laun

freeze in the winter when the apple sugar peaks. red by a popular drink called ice wine which is made from frozen grapes. >> i look at on the tree and asked why i don't try with apple and you put it in basket for frost, and that's how ice cider was born. >> reporter: what started with one apple tree has grown to hundreds at his vineyard where tourists flock for tastings. outside he walked us through his process. do you pick like this? >> i pick like this. >> reporter: you go to the trunk and shake interest? >> i put a big -- >> reporter: blankets. >> and helmet and -- >> the apples are then pressed immediately. that allows the frozen water to remain with the leftover pulp so only the concentrated sugary nectar is extracted. >> all the stainless steel tanks, that's ice cider. >> reporter: during fermentation half the sugar content turns to alcohol allowing the cider to keep its sweet taste despite a 10% alcohol content. >> oh, that's delicious. but it's not like regular cider or apple juice. it's sweet and tart and fruity. but ice cid

and amazon has been weighing on the index there's amazon and apple some stocks have short time ago joining us now, dan ooifs and brent. brent, you first what is 20 is the going to hold for these stocks anything bet e when tuech fell apart? >> a number of stocks like google trading below its growth, so we think short-term, there's not a lot to do. we think most investors will wait until january, february, to see what the earnings looks like you've had a downdraft in the stock, but not fundamental disappointments. >> some have felt like falli ii knives >> i'd say it's a fear, especially in a name like apple. in terms of what we've seen b, that's why to brett's point r, we view some of the parts on apple, you take away the serv e services valuation, which we have 4 to 450 billion. if that is sort of a bottom on their bad new, not just apple, but across a lot of these names. i guess for the year, netflix up 25% is good. when you look at some names by apple, maybe on the side, it's really where the softness is i think when we look at them to the next year, we see strength

he has unveiled the apple bought an apple music people's largest acquisition in history. aken on issues like the environment, philanthropy, equality, and education. he stood up to president obama on user privacy and maintains and i want president trump despite the disagreement on climate change. now as iphone sales auto, questions remain about whether it the big innovation at apple is going to come from. we sat down at the annual development conference sec 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. tim, thank you for joining us. tim: it is great to see you again, and unbelievable to be here. emily: let's start with the new smart speaker, why should people by apple home? over its competitors at this price? tim: what we tried to do is we tried to develop a breakthrough speaker first. music is deep in our dna, dating back to itunes and ipod. and so, we wanted something that number one sounded

we explain plus where is the apple bounce the stock ending the day flat despite the broader rally but gene munster says it's a double. he will be here to explain and defend the call. why is he so bullish we start with the market that can't seem to hold onto a rally. the dow surging more than 450 points at the highs, a trade deal seemingly within reach. but stop us if you heard in one before stocks cutting the gains midday. and then selling off hard into the close. we did end higher. but 300 points less than we were at the

police say metal security gates stopped the truck b and prevented the thieves from stealing the apple gear. >> happened at 3:23 in the morning and not people out. >> what a drag. yeah. that's kind of hard to drive a car into a glass door. so that's a shame. >> thieves have targeted this happened store before and why the store added the metal gate. >>> it is a long road to recovery for survivors of the wildfires. state leaders are now taking proactive steps to stop the next fire from sparking. nbc bay area's sam brock joins us in marin county with the plan put forward by the california public utility commission. sam? >> reporter: yeah, raj, good evening. we certainly know the communities are concerned act the proximity of power lines to homes and to neighborhoods, which is one of the reasons why we had the sort of meetings at the cpuc that we did this afternoon. there are definitely people worried about the consequences of preemptively cutting off power. now the commission today approved this proposal to stutter the option understanding it is one tool in the toolbox. >> if you have a f

get up to a $1,000 credit on select models now during the season of audi sales event. >>> apple stockwn 30% from a 52-week high is the street ready to get back into apple josh lipton is back at one market with a closer look. >> reporter: jon, the apple bears are out in force, raising the alarm about weaker than expected iphone unit growth in quarters ahead given warnings from apple suppliers, laser suppliers and lcd suppliers, we got positive numbers from two other suppliers which represents foxconn both report near 6% growth in november sales overnight for those keeping tabs, we continue to see firms slashing estimates for apple, including morgan stanley, ubs, guggenheim, goldman, rosen blatt, citi being the latest another challenge, qualcomm saying it won a ruling against apple that banned several older models in that country that injunction is limited in scope but adds to greater headline risk for the stock. bulls have arguments of their own. after this valuation moderated, apple traded 14 times earnings, a discount to the five year average and broader market wall street sentiment

and he was asked whether this might be the precursor or the incubator for a future apple product, theonomous-driving system. >> [ laughs ] >> what can you tell us about that? >> well, i can tell you that we love apple park. >> [ laughs ] >> i moved in there in january, and i such high expectations for it, but it's exceeded all of those. the thing i didn't appreciate before i moved -- i knew it was gonna be fantastic, but i didn't know it was going to make the company seem smaller. but when you're all in one building or a significant number of people are in one building, you see so many more people during the course of the day, and all of a sudden, you feel really small again. and i think there's a privilege in doing that. >> and the autonomous-driving solution? >> we're working on autonomy. we are working on autonomous systems on the software side of it, to be very clear, because we think autonomy is a core technology. but it can be used in many different ways, right? people the automatically think about it in the car sense, but autonomy itself can be used in so many different ways. i

we explain plus where is the apple bounce the stock ending the day flat despite the broader rally but gene munster says it's a double. he will be here to explain and defend the call. why is he so bullish we start with the market that can't seem to hold onto a rally. the dow surging more than 450 points at the highs, a trade deal seemingly within reach. but stop us if you heard in one before stocks cutting the gains midday. and then selling off hard into the close. we did end higher. but 300 points less than we were at the top so guy adami. >> yes, sir. >> why -- this market is a like a high school prom. >> right. >> right >> brian. >> my problem was very different by the way. >> you can't hold on, right. >> right there is no long termism in the market at all can't hold a rally maybe ishld have said something -- move on. >> changing metaphors. >> i'm on camera all the things being said, it's guilt by association now. by the way, i had a pair of joseph a. bank boxer shorts in college for the longest time i thought i had somebody else's. >> just stop why can't the market hold a rally. >>

we will talk about a specific one, because you are on the apple board. how do you envision what you bring to it and what you take away from the experience? andrea: let me start with the latter first, because it has been an extraordinary privilege to be on the apple board for the last 10 years. it is an extraordinary company with extraordinary leaders, and the learning is impossible to even begin to express, as they themselves continue to transform and really approach the future. my feeling in the situation of apple and the other boards i have been on his there are the experiences that everyone has had that you bring to the table, and everybody's experience is a little different, international, emerging markets, technology, but at the end of the day, what is most important is you are truly able to lead and help management the way they need it. you are not micromanaging, but at the same time, you are asking the right questions at the right time in the right way. david: you are still fairly rare in being a woman who has run a big publicly traded company. as

computer will introduce macintosh. >> the personal computer war heated up today. appleed its new macintosh. >> i'd like to let macintosh speak for itself. >> hello, i am macintosh. >> the introduction of the mac was an event. steve jobs really did think of the mac as a thing that would change the world. >> apple is betting $100 million and admittedly its future, to make inroads against ibm. >> apple felt like a rock band. had the same kind of spirit. they seemed to be going up against the man in ibm. >> it is aimed at a largely untapped market of managers, professionals, and students. while they make up about 75% of the white collar workforce, less than 5% now use computers, mostly because of their complexity. macintosh is designed for simplicity. using a palm-sized unit called a mouse. >> it was the first time that a machine was personal, it was simple, it was friendly. >> it took the computer out of the exclusive domain of geeks and nerds and people who had memorized the commands and put it on the desk of everybody. untrained, nontechnical people. >> stores around the

in. according to the berkeley police department, this uhaul truck smashed into the front doors of the apple store along 4th street around 330 thursday morning. the collision apparently triggereed a buglary alarm and officers arrived a short time later but the driver of the uhual had already fled the tscenthe engin running. there's actually a gate inside the glass windows. the truck didn't penatrate that so the suspects left. they didn't get inside.this isn't the first time this has happened here. back in 2014, a car smashed through the front of the store early in the morning. in that case, the driver made it through the security gate and proceeded to steal several items. no suspects were identified in that case.by thursday afternoon, the apple store had reopeneed. the broken glass had been removed and temporary wood doors were installed. the police department now says they are attempting to identify any suspects by tracking down who rented the uhual and by looking for surveillance video.sotwe are talking to other businesses to see if they have video surveillance or if anyone saw anything.th

the team today. plus, just how bruised is apple? the answers now as "the halftime report" begins on monday, december the 10th. >> good to have you with us on this monday. here to debate and trade the biggest stories of the day, joe terranova, jon najarian, jim cramer, the host of "mad money." we begin, where else, the market stocks took a mid morning turn lower. they continued that slide. the dow hitting correction territory. apple's continued slide, more weakness in the banks. some brexit developments all dragging the majors into the red. you flagged some trading for us saying people are betting on this going lower >> in particular today, scott. they came in aggressively buying the december 260 puts. now this is what the index at about 264 in the spdy. they bought close to 40,000 of these that ran them up to $2.30 as the index fell. these increased in value and i tried to change everything about the way i was doing things, scott, even put my pants on one leg at a time to try out what everybody else does every day. >> tmi >> sorry ab

the kron 4 morning news .... a burglary attempt of an east bay apple store gone wrong. we'll show you what happened. ( james )plus... the east bay skyline could be getting a makeover... if a proposal gets approved. ( james )and after the break... officials are narrowing down the search for the romaine lettuce e-coli outbreak. (ácommercialá) it's a brand new morning for breakfast. introducing the jimmy dean delights breadless egg'wich. we got rid of the bread, and replaced it with two egg fritatas. for a protein packed start to your day. and that is something else. kinda makes you hungry don't it? youand the holiday spiritoss just hits you... yes! or when you get the best deal... on a treat for your best friend? or when you score a magical gift... at an unbelievable price? yes! that's yes for less. ross has you and your list covered with gifts you'll love to give. and it feels even better when you find them for less-at ross. yes for less. (james)(darya) welcome back. let's get a check of the weather this morning... morning...weather this check of the weather this morning.

continued -- apple's continued dependence on the iphone. ng about how apple is trying to make this transition to the services company, but the iphone will still be incredibly important. we talked about how the company is making a bet that 5g one not be a big deal next year, they are waiting until 2020, yet at&t is working on a phone with samsung that will have five g connectivity and will be ready for next year. how much of a threat is that to apple? mark: in years past with the iphone 3g and iphone 5, they missed the boat by one year. it did not matter because five to 10 years ago, no one cared about any high-tech phone other than the iphone. the competition is much higher and you will see samsung having about a year and a half head start on 5g. itle has been trying to give investors to look at services and i quite frankly find the notion that they are pushing this a little ridiculous, because the services have to run on something. services growth has been tied to the growth of iphone--- hardware. tosome point they will have have a new piec

the dow down 50. you have boeing up 2%. apple percent "squawk alley" back in less than three minutes. >>> for a while this morning it looked like we might get the lowest close of the year at 2581 upside reverse al interday gives us that and a little bit of cushion. dow down 34 points as the chip stocks are not doing too bad today, jon >> they are chipping in on a reversal, applied materials, lam research, micron, broadcom >> we played some sound with your interview with the interim ceo. we have double line ceo jeff gundlach with scott wapner on "the halftime report." it will be a big one given all the news with the market this week >> so much to ask jeff about equities, corporate credit, the fed, global growth let's get to los angeles and a special "half. >>> for the first time in decades every major investment group is on track to close lower for the year stocks, bonds, commodities the markets may be at a crossroads and few people have their finger on the pulse of what could happen next like doubleline's jeffrey gundlach >> ther

emily: the iphone is at an inflection point, sort of. appled they will not release unit sale numbers for the iphone. more specifically, they are transitioning more to a services company. how much do you think samsung and these other cheaper android makers can win significant market share while apple waits? mark: the problem for the industry as a whole is that smart shown -- smartphone growth is the -- slowing dramatically for everyone, but samsung announced they would be coming out with a 5g phone in the first half of the year. this is going to be there s10 model just like apple made the big deal of the iphone x, samsung will do the same this year at the competition is going to be really high and hot for apple. the good news is this 2020 iphone for the year 2020, that is a big year, is shaping up to be a big deal. appleically, when releases a new technology, very likely this will be an all new type of iphone like the iphone x was a couple years ago. it should be exciting for consumers. but are they going to wait until 2020? emily: what does it

networking as well as the apple ecosystem. ndamentally, we're 20% of the iphones in the window are coming from china so it's not just fox con from the supplies and demand perspective. the double whammy, which is why they have a bull's eye on their back >> it feels like 2018 was the tale of two years for tech stocks i mean, you had these record highs. faang was beloved for most of the year and we were having a $1 trillion competition liquidity fears and tightening concerns china trade, you name it so 2019, which of those is going to be in place >> well, look, you're right. it's been a tough tape for tech in the past couple of months we think the tech trade is still on this deal with china is the focus right now. the deadline for there is march 1st, so you've got a couple of months before we get any clarity into how this will evolve, but we think they get a deal done. it's like what happened with the deal of china, between the u.s. and canada and mexico. there's a lot of brings mks man ship right now, china is see iing th slowest

it is not the longest streak we have seen from apple the longest was in 2013 when id traded 194 days.id, back to you >> okay. thank you. >>> you have heard reference to apple's strange day. it has been that it was 9:00 a.m. when we first brought you the news of a court in china that issued a preliminary injunction which was all iphones either sold or imported into china by apple for a company that sold 11.4 billion most of them made up of iphones last quarter you can imagine it would be quite a negative for apple investors. here we are. qualcomm said you'll ban the important sale apple said all of our iphones remain available we interpret this court's decision i have not shared this but it is their interpretation and there may be things that are not being shared because they can't be they say it only applies to ios xi their belief they can continue to sell their phones to everybody who wants them in kli china. they came out with a statement later today in which he said that the preliminary injunction orders are there now they are not specific to those installed on the phones. the cour

the dog. >> no. >> apple cider vinegar. you get one of those resistance bands. side hip lift. >> just take some charcoal pills and some ibuprofen. >> just take the pillows -- >> right, exactly. if you have the energy to do this the next morning, you did it wrong. >> and a lot of you are on board for this perfect hangover cure. i think you'll all agree with us for the next, it's a bacon,hee bread. just start toasting it. cook up that bacon nice and good. crack the eggs into it. get them cooking. put the bacon back in the eggs while it's cooking. it kind of holds it all together. and then you take that egg, it on that bread, and thenu you get this. >> is that better? >> yeah. >> "right this minute"! ♪ >>> why boarding and drones make for one's splashy celebration. >> you think it's cool now -- >> how the party really heats up when the sun goes down. >> oh! >> now, come on. >>> plus, the crazy russian hacker party trick we've got to try. >> do you see this? >> yeah. >> see which cracks first, the apple or holly's finger. >> oh! -morning. -morning. -what do we got? -

and 2018, the year apple lost its mojo? will see if they can reclaim their hype around signature products in the new year. our top story, the index gained 35% halfway into 2018 but now looking like they will finish lower than they started. the index made up of popular tech giants including facebook, apple, amazon broke through a key support level. baidu has been the biggest laggard, falling 30% this year. joining us to discuss, mike regan. walk us through the losses and whether there is expectation this volatility in tech in particular will continue. michael: tech gets most of the blame for the stock market selloff by merit of being the heaviest weight in the index. i don't think you need to look at the entire market and blame it entirely on tech. if you look at the performance of all the sectors since the last record of september, it is energy, industrial, consumer discretionary shares that are performing the worst. tech is down but it is not just the tech story. we really have to look at the entire market climate in order

the s&p 500 combined. we've never seen a a profit generating machine like apple and as a evidence last week the first trillion dollars market capitalization company. >> host: were you surprised apple was first over amazon? >> guest: i i was. i've been loud and often think amazon would be the first. if you're going to be wrong be wrong on national tv three times a week for several years where i was preaching amazon would be the first trillion dollar company. i sort of got it right, maybe an honorable mention. i've been saying that since amazon was two or 300 billion. what should it said was amazon is going to be the first-$2 trillion company but regardless the wealth creation in the shareholder appreciation has been an extraordinary across all four of these companies. >> host: you write amazon is the most reputable company can whatever that means. >> guest: it's the most trusted because it hasn't been weaponized because they're not in the business as much as the others. the execution is outstanding. they denigrate job managing the brain. amazon right now according to integrate is the most trusted brands in the

i want to touch on the transition for a minute. apple to give it investors to look at services and i quite frankly find the notion that they are pushing this a little ridiculous, because the services have to run on something. services growth has been tied to the growth of iphone hardware. at some point, they will have to have a new piece of hardware to run those services on. emily: it is all about continued growth of the apple ecosystem. do you think we will be getting more supplier cuts? there are companies we have not heard it from yet. mark: and the careful balance has to be related to an apple supplier and what can be said about samsung's own issues selling phones, because the smart phone market overall is reaching saturation and growth is slowing. the interesting one today with cirrus logic, in their most recent filing with the financial institutions, they say that 82% of the revenues come from apple. that is a big chunk of their revenues, the most i have seen from any supplier to be dedicated to a single company. it is not great fo

the according to the berkeley police department, this uhaul truck smashed into the front doors of the apple 4th street around 330 thursday morning. the collision apparently triggereed a buglary alarm and officers arrived a short time later but the driver of the uhual had already fled the scene empty handed.sotthe engine was still running. there's actually a gate inside the glass windows. the truck didn't penatrate that so the suspects left. they didn't get inside.this isn't the first time this has happened here. back in 2014, a car smashed through the front of the store early in the morning. in that case, the driver made it through the security gate and proceeded to steal several items. no suspects were identified in that case.by thursday afternoon, the apple store had reopeneed. the broken glass had been removed and temporary wood doors were installed. the police department now says they are attempting to identify any suspects by tracking down who rented the uhual and by looking for surveillance video.sotwe are talking to other businesses to see if they have video surveillance or if anyone

the experience... he reportedly has no plans to resign. (ken) apple is planning to build a one billion dollar campus in austin texas. that campus will start with 5- thousand employees. the company also have plans to establish sites in seattle, san diego and culver city... with more than 1-thousand employees at each. (ken) now to our four zone forecast. you're looking live at the golden gate bridge.(pam) kron-4's chief meteorologist lawrence karnow joins us with a look ahead lawrence karnow: it was a gorgeous day with highs soaring well into the 60s under sunny skies. there was plenty of sunshine all the way to the coast. a few high clouds made for a beautiful sunset too. doppler radar is quiet now but that will soon change. on the satellite you can see a storm off the coast. we could see a few showers as early as tomorrow morning but the heavier. more rain is ready for the weekend. still ahead at 8 the extreme measures security went to to protect pop star taylor swift. plus. they may just look may just look like hair curlers .... but what airport but

(grant) the thieves tried to break into an apple store....4's charles clifford explains what stopped the culprits... according to the berkeley police department, this uhaul truck smashed into the front doors of the apple store along 4th street around 330 thursday morning. the collision apparently triggereed a buglary alarm and officers arrived a short time later but the driver of the uhual had already fled the scene empty handed.sotthe engine was still running. there's actually a gate inside the glass windows. the truck didn't penatrate that so the suspects left. they didn't get inside.this isn't the first time this has happened here. back in 2014, a car smashed through the front of the store early in the morning. in that case, the driver made it through the security gate and proceeded to steal several items. no suspects were identified in that case.by thursday afternoon, the apple store had reopeneed. the broken glass had been removed and temporary wood doors were installed. the police department now says they are attempting to identify any