the door to bring it apple. pimm: the dow jones industrial average is keeping up with the times by adding apple.oes that still make the index relevant? here's the conversation on surveillance. >> google has a service we can look at the number of appearances a word makes in its massive corpus of books. i looked at nasdaq, s&p 500, and dow jones. these are mentions of these indices in books and newspaper articles. what you see is from the 30's there is not that much mention of financial indexes until the late 1960's. is good"d peak "greed in the 1980's. people stops talking about the dow and started talking but the nasdaq. now we see the slow growth of the s&p 500. the question to you is, do you miss the dow? >> when i look at the chart that you are prepared, it is an interesting chart. all of those indices, they have all grown sharply overtime in terms of dimensions. that is alongside the phenomenal growth in financial wealth in the global economy. in terms of falling out of favor, i cannot say what that means for which once people will decide to invest in. i do not know that households do it lik

the acquisition. apple pay encountering some hurdles. a survey says two thirds of users report problems using the service at the checkout counter. the average pay user may 2 .6 and store transactions in the first four months. the aftermath of the verdict of the ellen pao kleiner perkins trial, the conversation about discrimination has only grown stronger. lynne hermle is a legendary defense attorney. i got her key takeaways from the trial and what the tech community can learn. lynee: great to be back in my office. great for kleiner perkins to prevail on everything. cory: the jurors were stunned when they saw all of the cameras. lynne: just a tidal wave of reporters, overwhelming. occasionally, people would tweets on my -- would tweets or e-mail me. cory: what made this case unusual? lynne: cases don't change industries, not what they are about. this case was the right issue at the right time, wrong case wrong forum. a very hot issue in silicon valley and people feel passionately about it. the media coverage made everything different. you could hear comments in the audience. the jurors were distracted by the clacking of the keyboards. camera

apple pay is encountering hurdles, served by marketing international, s two thirds of market pay users report problems at the checkout counter. more than half found a system was not working. the average pay user made 2.6 in-store transactions in the system in the first quarter months of its existence. the aftermath of the verdict of the trial, the conversation about its in silicon valley has only grown stronger. they spoke with a defense attorney in the case a legendary defense attorney with over 30 years experience defending technology companies. key takeaways in the trial and what if anything the tech community could learn. check it out. >> it is fantastic, great to be done in great to be back in my office. cory: the jurors said they were stunned and walked out when they saw all the cameras there. classic was overwhelming. a title wave of reporters. occasionally, people would post tweets on my facebook page or e-mail me. i followed a few people but did not have a sense of the whole scope of it until the end. cory: what made the case unusual? it had an unusual amount of coverage area it had an unusual impact in silicon valley. >> it will not happen. it is not what they were about or

the world's most valuable company is joining the dow jones average. applelaces at&t on thursday march 19. the inclusion raises to six the number of technology companies in the 30 members of the dow industrial average. shares of at&t fell more than 4% last year. a strong jobs report for february. the u.s. economy added 295000 jobs well above the forecast. unemployment fell to 5.5%. workers are not saying an increase in their hate checks. hourly earnings were up 1/10 of euro 1%. those are today's top stories. we do have some breaking news with the decline in equity prices. i want to go to the breaking news desk with scarlet fu. tell us about the sellout area >> as the day continues and we head toward the close we're looking at indexes accelerate their declines heading into the 4:00 p.m. close. look a -- take a look at the terminal. all drifting lower in the final march toward the close. when you look at the industry groups it is still very much segregated along the lights -- lines of stocks. dividend payers look less attractive in a rising interest rate envir

the day mixed. apple is now a member of the dow jones industrial average. pple is the world's most valuable company. a judge grant add proval preliminarilily for a plan to target to pay back customers affected by that massive breech part of a $10 million offer by target. and amazon is closer to using drones to deliver packages to your house. that will enable the company to conduct testing on drones. >> tesla announced a fix to ease minds of drivers worried about running out of battery charge the company is updating software for the car the fix will warn drivers if it is low and gas under a buck. isn't that nice? but savings were not for everybody. all stars' gas became the first station in san francisco to begin selling the station sold the fuel for $0.85 per gallon. now, it may not have horse power of unleaded but it sells for a dollar less than regular gas and better for the environment. >> not clear it's better on the environment. and gets us away from dependence on foreign oil. >> only vehicles with flex fuel label can use the fuel. >> those riding bikes

the old pre-split apple. you have visa splitting its stock and that would have reduced the weight of the information technology sector of the dow jones industrial averageputting out a limb was a way to bring the tackle waiting. >> the tech waiting, you take out at&t, you at apple which is more of an index in technology so, it is little bit closer. the index percentage weighting you had 20% in technology, now you will have 19% in the dow does that mean it better reflects? what are they trying to do? >> if apple had not come in and visa had split the weight would have been substantially reduced. that is the motive we cannot let technology be that low and have this index be representative of the blue-chip american market. you have the obvious fact that apple is a stock and people like to see it. >> how important is the dow jones industrial average to the way in which the market or the economy works? isn't this head and shoulders above in terms of importance? >> the s&p 500 is head and shoulders above. it is much more copper hence of capitalization weighting. -- it is much more comprehensive. you're absolutely right. it is much more important. >> anytime w

the day mixed. apple is now a member of the dow jones industrial average. ple is the world's most valuable company. a judge grant add proval preliminarilily for a plan to target to pay back customers affected by that massive breech part of a $10 million offer by target. and amazon is closer to using drones to deliver packages to your house. that will enable the company to conduct testing on drones. >> tesla announced a fix to ease minds of drivers worried about running out of battery charge the company is updating software for the car the fix will warn drivers if it is low and gas under a buck. isn't that nice? but savings were not for everybody. all stars' gas became the first station in san francisco to begin selling the station sold the fuel for $0.85 per gallon. now, it may not have horse power of unleaded but it sells for a dollar less than regular gas and better for the environment. >> not clear it's better on the environment. and gets us away from dependence on foreign oil. >> only vehicles with flex fuel label can use the fuel. >> those riding bikes

for the industrial average, at&t is out and apple is in. the world's most valuable company will be added. at&t gets the boot. it has been a member of the dow for 99 years. this links influence to its price per share, very different than the s&p 500. at the was trading at $125. there was concern it could dominate the index. now it is in the $120 neighborhood. at are than expected jobs report for february. employers added 295,000 jobs last month and the in -- and the jobless rate fell. the jobs created in the previous two months was reviving downward by 18,000. a stagnant 1/10 of 1% of the month. the president of the san francisco fed said midyear may be the right time for a serious discussion about raising interest rates. john williams is on the fed policy making committee this year. in a speech in honolulu before today's jobs report, williams said the u.s. will reach maximum employment by the end of the year or sooner. officials in illinois are leading -- are at a train that exploded. the tanker cars when off the tracks into the mississippi

the times. one american institution replacing another. apple, the largest company in the world, set to join the dow jones industrial average on the 18th of which first joined back in 1916. an american institution here being pushed aside by a new american institution, apple. splites as apple's stock from last summer made this possible. the dow jones is a share price weighted average. split made it possible to join the big board. visa, coming up on march 19, will have its own stock split. the large story here is that the dow becomes increasingly diverse. we see tech companies taking a larger share. at&t exits, verizon stays. google, not a member because its shares are still too expensive according to the measures that the dow uses. investors say it is about high time that we see this evolving. investors we have spoken with say they don't necessarily look at the dow these days because it doesn't necessarily reflect the kind of companies they want to invest in, the new companies driving the u.s. economy. no doubt, apple one that investors are interested in and one that continues to evolve. angie: the tao playing catch-up to the 21st century n

the world's most valuable company is 20 the dow jones industrial average. apple is in the dow after replacing at&t. apple was kept out of the price weighted index for years. a 7-1 split last year of its shares gives it a share price that is more amenable to the dow. apples entry comes after visa split. the new entry comes with a cost, at&t leaving the dow after some lackluster performance. in this move has been predicted for some time, even two years ago. sandford bernstein predicted that this was about to happen. what you make of it happening now? >> there were two things that made it possible. the first of them is the split in apple itself. the dow is a price-weighted index, it has been ever since its inception. if you had put the old pre-split apple, it would have been a huge percentage of the total weight of the index. you have visa splitting its stock and that would have reduced the weight of the information technology sector of the dow jones industrial average. putting out a limb was a way to bring the tackle waiting. >> the tech waiting, you take out at&t,

the industrial average is made up of only 30 companies, and the choice to include apple is clear because it is the largest american company in market value, and at&t was part of the industrial average since 1916, but no more, and the change takes place the 19th of march. >>> it start ded with one donor giving the gift of life, but it ended in 12 people in part of the two-day kidney transplant chain that made history in san francisco. essentially, six people donated the good kidneys to six people in need. over the past two days, the team of docktors performed the surgeries at the cal medical center. they say that all of the patient are resting comfortably. >>> and now, a sad sight today, as a body of a humpback whale washed asore and died.trying to figure out what killed it. it will be pulled out to sea or buried, and they are asking beachgoers to stay to away, pa because they have that part of the beach home of endangered birds. >>> and also, another rescue, a deer was stuck in a fence. it was able to get free with the help of palo alto services officer, and as you can see, it cannot wai

it is number, let's see, 27 out of 30 within the dow jones industrial average. it gains appleat&t leaving the dow jones industrial average. betty: number one in the nasdaq now number 17 in the dow. scarlet: number five or number six. betty: oh, got it. thank you for that breaking news. another big story we're following today, jobs day in america. the labor department showed employers added 295,000 jobs in february. economists projected a gain of 235,000 jobs. the unemployment rate now dropping 5.5%. -- dropping to 5.5%. i want to go to peter cook. wages are still key problem here. peter: still a key problem and we are not seeing the kind of growth in wages that the fed has been hoping for and a lot of americans have been hoping her as well. the headline number better than our survey of bloomberg. and it is the 12th straight month above 200,000. we have not seen a street like that is 19 and he five, and the unemployment rate dropping to five 5%. why did it drop? because they were fewer folks -- more folks going back and getting jobs and the number of unemployed fell at the same

ambassador mark ginsburg as we await netanyahu in the next 10 or 15 minutes. >>> next details, we've got details on the apple watch but one analyst saying the averagek. what will higher selling prices for the apple watch mean for apple stock? gene munster will weigh in on that when "squawk on the street" comes back. we are live from the nasdaq the morning after the 5000 milestone. we'll be right back. so what's going on today? news alert! message! email! calendar update! most of us admit to being overwhelmed by information at work. that's why ibm created verse. it uses powerful analytics to uncover hidden patterns in your email, calendars and social feeds. it continuously learns how you work. and helps you prioritize the people and projects you need to focus on. there's a new way to work and it's made with ibm. ♪ >>> down 74 points on the dow. take a look at health care sector, trading lower this morning. dom chu has more. >> it is the worst performing sector in the s&p 500 today. health care stocks taking a hit. the worst performer in mylan, down 3% after a mixed earnings record and guidance that was disappointing. a couple of biopharmaceutical st

but what is critical is that the accessories for this will be much higher than the apple average for sure. apple's average gross margins have been 39-ish percent give or take for the last several years. the margins for the accessories could be 50, 60% or even 70% for some of the accessories. we don't know yet what the pricing is like for the bands. but if you look at what apple currently charges for their accessories, you see a much higher 50, 60% margin. if volume does grow it will be nicely additive over time. >> it's karen. if volumes grow we will see more absorption of the overhead that you don't get in the first 9 million that maybe you get in the the second 9 million. >> sure. >> you're nor bearish than you think some of the street is, what is your expectation for stock here? >> so i still have $130 price target on the stock, and i have a buy. but i do think that what i have to pay attention to right now, and it was mentioned in the earlier comments is the idea of things of expectations being a little frothy. so what i'm watching very closely right now is where expectations are

the largest corporation in the world is being added to the dow jones industrial average. apple takes its place in the exclusive club later this month. it replaces tech rival at&t. next on abc 7 news at 6:00 the new lawsuit challenging hillary clinton's e-mail use while she was secretary of state. the questions one prosecutor wants -- one prosecutor says must be answered. and steve rudin breaks down the risk of refreeze and when we'll finally warm up. >> i'm robert burton. coming up in sports, the wiz head coach randy whitman is looking for answers and we're in orlando where a first national was witty this morning. we'll tell you more. >> hillary clinton's e-mail hablts are under the microscope. she used a private server and e-mail address while she was secretary of state. now, her critics are demanding even suing to have them released. senior political reporter scott thuman spoke with the man at the heart of the court battle. exactly what's in those e-mails? that's the question and was hillary clinton hiding anything by having her own private server or being protective as some

the second-largest discount chain. apple made its debut in the dow jones industrial average today. st viable company in the world is replacing at&t. apple had been kept out of the doubt because it's a stock price was too high. but apple split 7-1 last year, clearing the way for the company to be added. and was on extending its same-day service. people in baltimore and miami will now be able to get same-day delivery on tens of thousands of items. previously, amazon's now service was limited to select areas in manhattan. two hour delivery is free. go daddy has filed for an ipo. seeking evaluation of $2.9 billion. it's been three years since go daddy was acquired by a group -- their valuation would be at a discount to other web service providers. that is a look at the top stories we are following. coming up, we will focus on getting images -- getty images. argentina's baiting access to the markets. how much lower crude oil can go. the biggest drone market for now remains military, led by the u.s. and israel. civil drones are catching up fast and france is leading the way using drones f

the snp down 57. another milestone coming for silicon valley giant apple, replacing at&t and the dow jones industrial average. the change is expected to occur after the markets close on wednesday march 182 apple is currently the most valuable american company is approximately 700 and dollars, so it's been surprising that apple was not already part of the dow. but for a long time, it's stock was priced too high. when apple announced at seven- one stock split last june, that brought the stock down closer to the median price in the dow and now apple stock is up slightly at $196.26 and at&t stock is down about 1%. actor harrison ford is recovering from surgery for abe broken pelvis and ankle when his small plane crashed yesterday. the 72 -year-old á-asterisk- star was piloting his world war ii airplane when it down on the golf course and the los los angeles area yesterday afternoon. he also suffered cuts to his head and arms. the plane apparently had engine failure shortly after takeoff from santa monica. rescuers say ford showed great skill in landing the plane away from homes. today doctors are finishing it gr

the project. apple is set to open by the end of next year. >> speaking of apple this morning is the first time cupertino will trade as part of dow jones industrial average. apple was able to move in to the dow jones after visa announced it will split its stock. so, what do the rest of the markets look like? for that we learn to landon dowdy at the cnbc headquarters. >> good morning to you. futures pointing to a mixed open this morning. fed signaling it's ready to start interest rates. they expect the rate height september or october. on unlimit, the dow dropping 227 points to 18076. nasdaq 45 to 4982. mcdonald's and burger king forcing customers to buy chicken over beef after beef prices soared. mcdonalds introducing chicken select. brief prices are up 19% while boneless chicken breast is down 10%. analysts don't expect these prices to ease until next year at the earliest. laura, back over to you. . wow. >> i guess this means colgoria chicken did pick the s ball? >> that was burger king. >> it's 4:46. breakfast time for a lot of folks. >> who can use chicken fries or french fries. let's check with christina loren. another warm-up coming up thursday. >>

after the close of trading on wednesday, some reshuffling in the dow jones industrial average. apple replaces at&t and the dow component, nike reports earnings thursday. >>> backlogs delays there's a gridlock problem plaguing our nation's rail system. as the economy improves more goods are traveling across the country by rail leading to traffic jams on the tracks. and as morgan brennan reports from belleview, ohio companies are making big investments to fix th. >> reporter: they call it the belleview symphony. and it's only getting louder. >> we are currently processing 1800 cars a day and that number grows to 28 rkds 30030 cars a day. >> alleviates congestion. >> reporter: $165 million into doubling capacity where the train car filled with coal grain, even corn syrup comes through each day to be sorted and sent out to other parts of north america. but as more goods move by rail, companies struggled with unprecedented congestion. >> it was a major concern last year. we did not provide the level of service that our customers have come to expect. that was for a couple of reasons. >> re

stock in the s&p 500, even though apple is heck of a lot better than the average stock, cky wild kates the case for apple's incredibly straightforward. do not trade it, okay? own the stock, long haul. it hasn't let you down yet. and i think its run is far from finished, just like i hate to say it because i didn't pick them, kentucky is likely to cruise to the crown when they go to indianapolis. next up the number two seed in the midwest is the university of kansas. jayhawks. this team is one of the most classic, iconic names in college basketball, but kansas had a difficult season this year. since they had the toughest schedule in the country, plus because of the number two seed in the same region as the juggernaut that is kentucky kansas has been written off by a lot of people filling out their brackets. hmm, an iconic american franchise that's been written off by many but still represents good value. to me you know what that feels a lot like general motors. the very well-run auto company led by ceo mary barr chronically underestimated, that nevertheless had a lot of bad

the numbers show that employers are hanging on to those workers. apple is making its official debut in the dow jones industrial average today. the most valuable company in the world is replacing at&t. apple have been kept out because its stock prices were too high and the index is price-w eighted. activist investor and lehigh university alumni barry rosenstein is selling off a big chunk of his hedge fund. it will by 20% of jana. jana manages $11 million and has been involved in several well-known activist campaigns including safeway, petsmart and hertz. the bank promises to keep interest rates at record lows in switzerland. it was a big blow to the company's exporter and thomas jordan told bloomberg that the markets need time to adjust. >> i'm convinced the markets will realize the swiss franc is overvalued and that is not really attractive at the moment. stephanie: we couldn't afford coffee when we were in davos. a warned the swiss economy may contract up to two quarters. the death toll is climbing in the attack at a museum in tunisia. authorities say 23 people died when gunmen stormed the tunisian parliament and fled to the

using charts we'll take a look at the technical views of apple, ibm, and the dow jones industrial average apple, the famous free agent that came to town. left with a bunch of pressure and hype. i can tell you right now, looking at the chart, you can argue, this is what they call a classics cup and handle. right here would be a massive major breakout to the upside for this stock. that's apple. (?) there's a lot of laggers on the dow. none more than ibm. worse performer running. even this stock is forming a technical base down here. you can see where it might be ready to break out. not a lot of room until it gets way up here. maybe that's a pipe dream. maybe not. for that to happen, they have to make a major acquisition. they need to show the street they're the winner of the crowd. ibm, it could be caterpillar, mcdonald's, the dow would have to write leadership to rally. take a look at this, by the way, this is the top of the channel, to rally up there. that would be 19,000. all right, guys. let's talk about this for a moment. technically, louie, you use any charts in your work? >> subconsc

apple trading positively 77.78% of the time. if you buy apple on the day of the release, hold it for a month, your average return will be slightly higher at 4.87%. apple only trades positively 55.5% of the time. so, you're not too bad off if you bought it now. >> right. >> yeah. >> yeah. and, you know, the apple wautch he touched on that but went to different spots of what he's convinced about why apple is going to work. one of the areas he didn't bring up was the potential for streaming and sol of that they talked about. >> the tv market. there are all kinds of catalysts. not just financial engineering. everybody likes to talk about these different things. the margin thing is a big issue as well. >> karen? >> i wouldn't be -- i wouldn't attempt to trade around the announcement or the launch, rather, just to see the numbers. you have to know what sentiment is. it's hard to get a sense for exactly what people think the numbers are going to be. to beat that. if you're going to be long, be long. >> tim says -- he says jim cramer says it all the time, you don't trade the stock, you own the stock. that's been the right way to play it

>>> to apple the world's most valuable company joining the 119-year-old blue chip dow industrial index. the phone maker will replace at&t that entered the industrial average way back almost a century ago. 1916. shares of apple rose a bit while at&t stock fell. dominic chu explains now what the shake-up may mean if anything for investors like you. >> reporter: after years of waiting, now will get to see apple as part of the dow jones industrial. pretty simple reason. >> dow, major large blue chip corporation. leaders in the industry sector and that kind of thing and apple clearly fits that mold. it is the largest corporation in the u.s. in the world. it's without question a leader in technology. what everybody's expectation is of a blue chip company. >> if apple goes in another stock has to get kicked out. now it's at&t. that decision was a bit tough tore come by. >> a bit overweight and two telecom companies. the other one being verizon. at&t smaller with a lower stock price. two items that at&t is the one. but it was a decision we looked at for some time. >> this move doesn't fundamentally change how it will operate or operate in the future but some inve

> some financial news the most valuable company in the world is finally joining the dow jones industrial average the appleke its debut on march 18th. apple is replacing at&t that joined the dow in 1916. analysts believe the corporation will reach the trillion dollar level in the next few years. helping it to attain that level, nor details about the new apple watch. it is expected to be announced on monday. >>> they were out enjoying the beauty of yellow stone national park in wyoming, when a couple got quite a jolt from a buffalo that slammed into their suv. it was all caught on video. our affiliate has the story. >> don't run into our car. >> reporter: ouch. this is no movie, but thankfully tom carter kept the camera rolling. they stop the car with no place to pull off. they turned on the emergency flashers then sat and wait would the 2,000 pound bison barrelling down at their nissan. >> we watched as the bison got closer and closer. don't run into our car. you can hear the audio, pretty much said what i was thinking. oh my god they're going to hit us. i don't know if there was an issue with that bison o

the dow jones industrial average and apple is it. 30 stocks that make the down jones industrial average beginning of march 80. --18th. <

the idow. kiet do is in cupertino this morning. kiet, a big day for apple joining the dow jones industrial average today saying good-bye to the nasdaq. good morning. >> reporter: yeah, good morning. you would be hard pressed to find an analyst who does not think this is a good idea. apple coming off another amazing quarter posting record profits yet again. it is the most valuable company in the world with the market cap well over $700 billion. it's been publicly traded for 34 years. what took so long? the stock price was too expensive. but apple issued a 7 to 1 stock split last year and overnight the price went from $645 to $92 bringing it closer to the median price of the other stocks in the dow. since the split apple stock has been on fire up 60% over the past year. 12% this year alone. as for who got kicked out at&t has been underperforming compared to verizon and with two telecom companies in the average, well, at&t got the booth. historically companies that first entered the dow see their stock price dip in the first couple of weeks. live in cupertino, kiet do, kpix 5. >>> time now is 5:06. birds still recovering after being co

one stock split cem t cemented this idea for a lot of investors that apple was going to be part of the dow jones industrial averagehat rarefied blue chip group of companies. if you take a look at what's going to happen, apple is not going to be the biggest member of the dow when it goes in. the dow is price weighted. the stocks with the highest price levels, not market value, carry the most weight. that title belongs to visa. it's going through its own four for one split. it will have less of an impact. visa splits itself, apple goes in, this is the top five in terms of weightings for the dow jones industrial average. you can see right here, goldman sachs is now going to be the top stock here, going to have about a 7% weighting. number two, the names that we all know and are familiar with here in the dow. 3m about a 6% weighting, same with ibm, big blue, those pretty much stayed the same here. boeing remains in that top five with the near 6% weighting as well. apple rounds out the top five. it will be buy estimates using today's prices. those can change by march 18th. as of right now, apple would be the fifth bigg

apple's had nine first generation product launches. the first iteration of laptops, ipad, iphones that sort of thing. which is what this apple watch should be here. over those nine first generation launches, the averageof apple stock is -- we'll call it flat. so nothing really happens here on the announcements on aggregate. over five days later, we're down 1.5% for these product launches. maybe not as much about what's happening here with this product. if you look at just the iphones, just the iphone affect themselves, this is where things get interesting. it drives a lot of their business. average returns here actually up 1% and still up about 2% five days later. the biggest one-day gains we've ever seen for these first generation type launches, 8% back in january of 2007. the second biggest was a 6% gain on the day they announced the mac book pro. those are the benchmarks some traders will be watching to see if the apple watch can surpass that six or 8% one-day gain that we've seen on these product announcement days. back over to you out in san francisco. >> yeah, but apple has about 4.5% to go to be back at that all-time high. thanks for putting that into perspective. when we come back, the countd

--s the latest against the if the latest example of technology's influence growing on wall street. apple is joining the dow jones industrial average19. after visa does a 4-1 stocks play. this comes down to numbers. it is a sign of the times. it comes as apple, after last year's 7-1 stocks play, is able to join the index. more attractive to investors. that is because the index is weighted. methodology,at apple wasn't able to join before. the larger picture is that apple is the largest company in the world. the way the u.s. technology sector and global technology sector is moving. apple can join because at&t is moving out of the index. 1916.irst joined back in 99 years ago. it shows you how time has changed almost one century later. the new technology that is driving consumer trends and investor interests. to dow jones dates back 1896. >> a lot of musical chairs here. you are talking about tech. wearable tech of course. that is the big thing these days. we have a preview of the apple watch coming up. >> tim cook will be on stage later tonight in some of his go giving us details on this. the price maybe $349. it will only rollout fir

apple is currently the most valuable american company worth approximately $700 billion. the dow jones industrial average is a weighted index of 30 large publicly owned companies in the u.s.. the apple switch was prompted bay four for one stock split by dow member visa. single shares of visa will drop accordingly. adding apple to the dow helps balance it out. >>> time is 7:07. san francisco is gearing up for a bay area tradition tomorrow, it's the annual chinese knew new year parade. good morning, katy. >> reporter: good morning dave. the float make irs have been building around the clock and it was so early when we got here, they weren't back up and at it again, so no joke, they left us a key and a trail of glitter so we could find the lights in this warehouse. they were working on this beautiful looks like ocean waves late in the night last night. they even redid it and the floats, there are so many of them. they're parked in here really tight that. one looks like ithas some hologram lights on it. i imagine those will sparkle. combine that with 600 pounds of glitter. that's how much glitter they've use

the dow jones industrial average has a member. apple joint this week. the world's most valuable company replacing at&t. target is joining a growing number of big retailers, increasing wages for workers. next month all target employees will make at least $9 an hour. the company joins walmart and tj max in increasing play. a sign of the economy getting stronger as more jobs are available for low wage workers. >>> you may have seen them and heard about them. e tal drones.safe to fly? concerns are growing thank you week the faa did grant amazon.com permission to begin testing. i recently spoke to faa administrator marion blakey about other faa proposed rules and safety in the skies. you had the top job at the faa for five years. what is your take on proposed rules? >> i tell you aye been out of the faa for the while and looking from the industry standpoint we got a little impatient. because we were very keen to see the faa go ahead and the issue a rule. but i tell you the truth, they did a very good job. it took a while but safety is paramount in terms of th

the company is part of america's stock index as of this morning apple is listed as the dow jones industrial averagerom the index. apple's stock has been a wild run up more than 12% share right now. apple shares would be up about 900 hours a share right now but they're now a seven to one stock split during the year. <>: reporter: the bus was traveling west at the time. the car entered the intersection slammed into the bus that collided here. or when to show you the skid marks from the bus instead of stopping because of the way in the seat going from the bus driver careened that controls over the center divider goes up that hill where it's currently resting. it is the that almost plot to that fence and into that house. probably about 4 ft. away from the house. >>: reporter: it's further concerned the body is here were not born to show it to you could it's too graphic. we do know that he was a solo driver look at that car is just s

>>mark: the biggest company in the world is joining america's stock index as of this morning apple is part of the dow jones industrial averageers to join the dollar after trading got at&t was was building from the index after 10 years the stock is already been on fire is of more than 2% this year and more than 60% over the past 12 months so apple now one of the dow 30 and the mark is posted huge the dow was down 150 the doll making a huge turnaround was the 21 the two to seven. and that over the 18,000 are the nasdaq over 45 and receive data over 5000 mark and as of the 500th of 25 to 2099. >>darya: target will have a class action lawsuit according to the bill at $10 million fund is one to be setup for victims who could get a $10,000 each in compensation there has to be in a clear proof of harm is likely that many customers and that was built to prove that the actual loss money the settlement's terms were reached early this month but they're still waiting for the approval of a federal judge that bridge impact of 210 million people still ahead and that room and the east bay is on alert after two problems were caught will tell

comcast is the parent company of nbc universal and cnbc which produces this program. >>> you have to decide for yourself whether apple tv or any of its productscorrelates are a good deal. the average household receives nearly 190 channels on its system and pays about $65 a month. the apple service with 25 channels is said to cost about $40 a month. but will the mini or skinny bundles offer what you are looking for? one option is dish network's string tv. for $20 a month. but it does not include the broadcast networks. sony plans to begin testing its version called playstation view this spring with up to 75 channels. but sony's been vague on pricing so far. whatever the content costs, don't forget that you have to add the price of your internet service, your broadband, because you won't be able to watch any of these services without it. >>> athe photo shop maker aadobe's profits rose. shares fell initially in after-hours trading before the close. the stock was almost 2% higher to $79.66. >>> shares of mgm. resort surging on this down day as an activist made an investor presentation advocating the company convert in a real estate investment trust or a reit. the firm saying mgm could

the red, that means they are down. apple, though, it's going to replace at&t for the dow jones industrials average couple of weeks it's , a sign of the times, out goes ma bell, in comes the iphone apple goes up on that news in a down market. >>> the price of oil holding right around 50 bucks a barrel, 49 to be precise. gasoline is going up. the average for a gallon of regular up a fraction but still higher, $2.45 is the number today. in california gas has gone up 88 cents in the last month. that state averages $3.44. back to the assault on climate change skeptics. listen to this quote from the "wall street journal" op-ed written by m.i.t.'s professor richard linson. here's the quote individuals and organizations highly vested in disaster scenarios have relentlessly attacked scientists and others who do not share beliefs. the attacks have taken a threatening turn. richard lindzen joins us now. good to have you with us. in the interest of saving time and getting on with this tell our audience real fast, how were you i used the word persecuted. how were you persecuted? >> i don't know if persecuted is the right word. stua

the fourth day of gains for apple. of 4/10 of 1% but it is now a part of the dow jones industrial average. th biggest component of the dow. i was talking to our etf analyst and he says the etf will have to buy apple shares about $500 million worth. that is fairly insignificant when you think about the market cap. betty: and heading to a trillion. thank you so much. back to switzerland. this was national bank president has pledged to keep rates at a record low to weaken the franc. >> we went very far with the -75 basis points. we are now going to see you what the impact is and determine if this is the right level. betty: the bank said it will continue to take account of the exchange bank situation. it is not alone in worrying about rates. the federal reserve has opened a door to a rate hike later this year, but janet yellen acknowledged the negative consequence of the dollar's search. john, what else did jordan tell you about their economic situation? we were saying that he has a tough job and we feel bad that he is in this place. john: he has a tough job. this is a country dealing with the

the idow. kiet do is in cupertino this morning kiet, a big day for apple joining the dow jones industrial average. >> reporter: yeah. you know, you would be hard pressed to find anyone who doesn't think this is a good idea. apple coming off another amazing quarter posting record profits yet again. it is the most valuable company in the world with a market cap well over $700 billion. it's been publicly traded for 34 years. what took so long? the stock price was too expensive. but apple issued a 7-to-1 stock split last year and overnight the price went from $645 to $92. that brought it a lot closer to the median price of the other stocks in the dow. since the split, apple stock has been on fire. it is up 60% over the past year. up 12% this year alone. that means somebody got kicked out and that was at&t. they have been underperforming compared to verizon. so with two telecom companies in the average at&t got the boot. >> it's an evolution and the people who run the dow jones have moved companies in and out accordingly. those companies that have been taken over or they are no longer considered a rea

. >> that is compared with a slight dip in the average return on the s&p 500 on those days. now, five days after a product announcement apple shares have dropped on average by 1.5%. let's look at how the apple shares does after it releases hits the market. the stock has returned an arrivaling of .6% on release dates. that's compared with a half percent rise for the s&p 500. now, five days after the product release, are you following me here, folks, apple shares have returned an average of about 1.5%. let's talk more about apple and its shares. >> what do you think the driver is about to be in apple shares? is it going to be the watch or continue to be the phones? >> it's going to be both. the phone is going to be. >> the watch will add functionsality to the phone and -- >> at what point do you think apple needs to reduce its reliance on the iphone? do you think the watch will be that new hit product? >> >>. >> they don't need another hit product, but they need to expand the ecosystem of people buying content for the phones. >> tim cook has taken the stage. ivan, if i don't have an iphone is the watch autosless for to me? >>

the dow jones industrial average has a new member. apple joined the club this week. the world's most valuable company replacing at&t. target is joining a growing number of big retailers increasing wages for workers. starting next month all target employees will make at least $9 an hour. the company joins wal-mart and tj max in increasing pay, a sign of the economy getting stronger as more jobs are available for low wage workers. >>> you may have seen them and probably heard about them but are they safe? we are talking about drones. concerns are growing but this week the faa did grant amazon.com permission to begin testing drones for package delivery. i recently spoke to former faa administrator about other proposed rules. you had the top job at the faa for five years. what is euro take on the proposed rules? >> i will tell you, i have been out of the faa for a while. looking at it from industry standpoint we got a little impatient on this. we were keen to see the faa issue a rule about how small can operate in our skies. they did a very good job. it took a while but

the response to this jobs number. >> we have breaking news. it's reported that apple is to join the dow jones industrial average. ng last, perhaps as a result of the stock split, that is huge news clearly, for a lot of people. the dow would have done better than it has done had apple been included. clearly it's a sole performer. >> could not have done that before it split 7 for 1, because it's a price weighted index and throw it off so much. at $126 that's st. louis a big number. always important to point out, as opposed to being added to the s&p 500, for example, where you have so many funds that follow to be weighted. there's not a lot of index money that follows the dow but it's prestigious, nonetheless. >> considering how big apple has become, was it a matter of time before the big of company in the global economy became a member of one of the most traditional, historic -- >> more about the dow than it does about apple. at&t apparently is going to leave the dow as a result. that would surprise some david. >> that will. that's kind of -- again, it becomes a psychological blow. at&t leaving the dow, is sort of

the golf course. >>> apple is getting into an explosive club, the cupertino based club will join the dow jones industrial averagewith only 30 stocks like disney and microsoft and wal-mart, apple will replace at&t on the dow after trading wraps up march 18. >> apple could be giving some companies early access to the watch. they have built a secret laboratory to allow facebook and other companies to fine tune apps debuting along the watch and will be out on monday in san francisco. >> the internet takes hold to sheryl sandberg who is trying to improve lives of women. >> the dress take two the battle of blue and black or white and gold is getting a new spin. our daylight savings time begins this weekend, sunday at 2:00 in the morning. we are springing forward. set your clock forward before bedden saturday night. >> meteorologist mike nicco will have more on this reminder in the seven-day forecast >> covering novato, oakland sunnyvale and all the bay area, this is abc7 news. >>> there is a new twist to the dress controversial that divided the internet last week. the black and blue or gold and white dress is part of