it's because of tim cook.'t think he will put out a smatter ipad if he doesn't think that they can make money on it. >> steve jobs never wanted to pay a dividend. i think moving forward, you have to expect this will cut into some of the ipad sales. >> so do you want apple to cut into their own sales or amazon and google to cut into their own sales. >> i don't believe they are, they're a category killer. you have other companies trying to compete, i'm late, and compete with an apple, now you have apple reversing course and going after another market right now. >> if they do this and it doesn't work out, how damaging is it to the apple brand where every product they launch is a category killer and is able to make an enormous amount of money for the company? >> i don't see why it wouldn't work. nobody is close. the reason they are -- they are doing other tablets because they can't compete. they have to go to the smaller market when nobody is there. how would they succeed? >> they will succeed at that product righ

lest look at apple's ceo tim cook. he's a first timer this year.had always been a no-show. he was strolling about last night with twitter's founder. he's now the founder of square. there are all these rumors from bankers about possibly apple buyibuy ing twitter. that pair right there is definitely not discounting those rumors any time soon. netflix, reed hastings was out with bob iger from disney last night and was entering the meeting with direct tv's mike white. finally, let's look at buffett and bill gates. wouldn't be sun valley if you didn't have these two best friends paling about. they're both vets of this conference and have a lot in common. finally, the frenemies. mark zuckerberg entering and leaving a panel this afternoon. obviously a lot to talk about. rumors that zuckerberg was at google's headquarters in the meat packing district. maybe there's something going on here. we don't really know. the big question is, where's larry page? that's something we're going to ask the chairman of google. we have a sit down with him in just about an h

. >> up next, apple's ceo tim cook getting paid.ing to break down his eye-popping compensation package. >> totally getting paid. a passionate belief, and the foundation on which merrill lynch has been built. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. rnchlgts the movie we are talking about, "the queen of versailles" will be aired on cnbc sometime next year. >> check out shares of apple. up 50% year to date. >> okay. is apple's ceo tim cook worth the king's ransom he took home in total compensation last year? talking of check, john subpoena standing by. pretty damned big check tim cook got for last year. right? >> reporter: yeah. i mean, it is nearly $400 million when you count it a certain way. here is the afterate. this is restricted stock units. half of them don't vest for another five years.

what's wrong with tim cook's massive payday?ear for years and he had a lot to do with it. >> actually he doesn't have a lot to do with it. i think steve jobs would disagree. he is the guy that had a lot to do with it. he didn't take a dollar for many years. >> steve jobs outlined tim cook as his successor many years ago. he knew. he is in that job because steve jobs wanted him there. >> it is about the gnp of in countries in this world. >> what about, i don't know, beyonce? madonna? athletes? does that upset you as well? >> you know, actually, this whole idea of pay for performance in ceo pay is a big sham, it doesn't exist. it's measurable -- >> what do you mean? if you look at what shareholders have done, and the stock price, that's measurable. >> there are lots of ways -- >> how is that a sham? >> there's lots of games that ceos play to get around that. >> there is no game around the stock price, that's not a game, it's up or down. but we're shareholders in yahoo, and we have not done very well. >> they tried doing something

. >> reporter: today ceo tim cook did not confirm or deny an iphone 5 release. apple continues to offering some products at low you are price points like they have with the 3g iphones and $299 i pads. >> it's a major life changer in terms of portable devices i've had. >> reporter: revenues include a stronger dollar. there are troubling that are slowing things down. and only now that the i pad is becoming available. >> reporter: with the loss of steve jobs might be a factor in the future, right now all the products that are being released were done under the visionaries watch. >>> more details now, apple's report sent stocks tumbles. shared fell from $600 to $567. that's a drop of 5-1/2%. >>> apple say it is new software will be made available as a download tomorrow. ceo tim cook first touted its features at a conference in san francisco last month. mountain lion is meant to help make mac computers work more like iphones and i pads. >>> now to colorado where the victims injured in last week's theater massacre received a surprise visit from christian bale. bale al

. >> reporter: today ceo tim cook did not confirm or deny an iphone 5 release. apple continues to offering some products at low you are price points like they have with the 3g iphones and $299 i pads. >> it's a major life changer in terms of portable devices i've had. >> reporter: revenues include a stronger dollar. there are troubling that are slowing things down. and only now that the i pad is becoming available. >> reporter: with the loss of steve jobs might be a factor in the future, right now all the products that are being released were done under the visionaries watch. >>> more details now, apple's report sent stocks tumbles. shared fell from $600 to $567. that's a drop of 5-1/2%. >>> apple say it is new software will be made available as a download tomorrow. ceo tim cook first touted its features at a conference in san francisco last month. mountain lion is meant to help make mac computers work more like iphones and i pads. >>> now to colorado where the victims injured in last week's theater massacre received a surprise visit from christian bale. bale al

tim cook is talking right now about the slow down still growing but not so much.ointed to a greater tend of a slow down. $2.2 billion. he said it breaks down this way. half of the drop off is because of inventories that we had. >> it was really those two issue s. he has not explained the slow down. there should be other issues that they will address. also he talks about margins. guided to 30 five% gross margins. they asked him why he is guiding that way on gross margins. he called it the back-to-school promotion. >> all right. thanks for that. 38.5%. a full transition. >> a lot of that is you are sending higher units in the ipad and iphone. there is a margin differential. i think what is important is international revenues coming in at 62%. that is why the expansion is so important. you need to ask yourself is the average price is 7.345. do the analysts see anything i don't know that they expect that they would. >> coming up next, we are checking in to see what trend is trading now. [ male announcer ] it's a golden opportunity... to experience the ultimate express

company and nonsteve jobs company. >> and you made this point yesterday, it has to be tim cook's companyas to expand it it's two going to be fascinating, wouldn't it? what's next, berkshire hathaway? >> we'll ponder that in a minute. >> and more than half a billion people are without air-conditioning because of a power grid collapse. a expert says it's only a matter of time until america is hit with power outages. with the spark cash card from capital one, olaf's pizza palace gets the most rewards of any small business credit card! pizza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! put it on my spark card! [ high-pitched ] nice doin' business with you! [ garth ] why settle for less? great businesses deserve the most rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? or double miles on every purchase, every day! this is new york state. we built the first railway, the first trade route to the west, the greates

apple's top executive, tim cook, expressed confidence to boost the earnings further. apple will continue to launch innovative products. >>> in south korea, known for the export-driven economy, the english education business has been expanding into another growth industry. the average school of standard international test in the country last year stood at 633. that is 57 points higher than the average in japan. growing enthusiasm among the young people to improve english skills has prompted cram skills to teach. those schools are keen on exporting it. >> reporter: this school known as the english village is only a 30-minute drive from seoul. the school provides lessons designed to ensure that young students put english into practice. >> what do you think? yes. >> they are checking the menu. >> checking the menu. >> reporter: students can stay here for up to ten days to study english. the village is run by the company ybm, a giant in the education industry, together with the city of seoul. the english village is an ideal place in which to learn practical english. but no

apple's top executive, tim cook, expressed confidence in the firm's ability to boost its earnings further. he says apple will continue to launch innovative products. >>> now over in spain, the country's government bond market took a hit once again, sending bond yields to a record high. that's because investors expect the country's finances will take another step for the worse. the yield on the ten-year government bond rose above 7.6% at one stage on tuesday. this is the highest level since spain adopted the euro. the yield posted a new record for a second day in a row. an interest rate above 7% would make it difficult for the government to rebuild its finances on its own. investors sold long-term bonds on reports that several regional governments in spain may ask the state for financial help. spanish business newspaper reported tuesday that the country will ask for a full bailout from the eu. spain has already obtained financial aid for its commercial banks. meanwhile, european stock markets extende their losing streak on tuesday. the benchmark index in madrid plunged 3.6%, and milan clos

. >> reporter: tonight tim cook did not confirm or deny an iphone release. apple plans to continue offering some products at lower price points. as they have with the $399 i pad. i pad sales hit 17 million for the quarter above forecast. >> it's the most amazing life changer in terms of portable computing devices i've ever had. >>> other factors include a stronger u.s. dollar stemming from the economic slow down in europe and china. >> there are economic troubles there that are slowing things down. and they did not get the full benefit because now that the i pad is becoming available there. >> reporter: analysts say with the loss of steve jobs might be a factor in the future, right now the new products being released were still developed over watch. jana katsuyama, ktvu channel 2 news. >>> more details now on wall street traders sold off apple stocks in afterhours trading. it sank from $600 a share to 567. netflix also plunged. the company blamed the drop on a slow down of subscriber growth. that's a drop of more than 16%. >>> on the broader markets stocks a

this is tim cook's company now. d he's got to make the tough decisions on what will grow this company. >> absolutely correct. you know, and tim is phenomenal. there isn't anyone i would rather have a supply chain. steve said it in his book, he's not necessarily a product guy. when you take a look at their device lineup they have given the other companies a tremendous amount of runway to go out there and samsung had insane earnings recently and probably the best time in their history from a hands studded handset perspective. all it takes is a few mistakes and hiccups, instead of making the device that's have now can better, creating a new device, might not be the right time. >> how much time do you think, david the street is going to give tim cook if indeed he continues to pursue, say,you know, a relationship with a social media company, et cetera? how long before the street weighs in on whether or not they like the direction he is taking the company or not? >> it is funny. up until now, apple earnings have beenphenom

ceo tim cook says that may be due to rumors and speculation as consumers hold out for that iphone 5 whichs expected in october. futures are lower this morning after the dow posted its third straight triple-digit decline, first time that's happened since last september. europe playing a big role in that on fears that greece may still be unable to pay its bills. investors are focusing on the earnings from u.p.s. which were disappointing as the package delivery giant usually seen as a bellwether for the overall economy. posted losses yesterday on a "wall street journal" that the fed may be moving closer to taking new action to try to spur the economy. today we get data on new home sales and earnings from falling caterpillar, ford and pepsico which came out this morning. the dow dropping 104 points and the nasdaq losing 27. toyota may be poised to take back its crown as the world's top selling automaker. the company said it sold nearly 5 million vehicles worldwide in the first half of this year. toyota is rebounding from production shortages caused by the japan earthquake and tsunami and mass

about iphone 6, start talking about the next ipad, at that point you can start pointing fingers at tim cook. but for right now he's just transitioning to running the business his way. >> susie: lfrt. joe mayer at motley fool. before you go, any disclosures to make on the stock you mentioned? >> i do own google. >> susie: thanks, joe. >> thanks. >> tom: 0.2% growth is not a number usually greeted with glee, but when you are talking about housing, it is a great number. real estate tracking firm zillow reports home prices nationwide rose 0.2% in the second quarter to an average of $149,300. this is the first year-over-year increase in five years. and as darren gersh reports, it is now pretty clear the housing market has finally hit bottom. >> reporter: on wall street, they say no one rings a bell when a market hits bottom. well, the housing market now looks like an exception to that rule. >> the bottom has officially arrived, we believe. >> reporter: yes, you heard that right. >> we're done. the crash is over. housing is improving. >> reporter: economic historians will debate whether the housi

what do you think the road ahead looks like at apple with tim cook in charge? will jobs' commitment to beauty, to utility still be a cornerstone of that company, do you think? >> yeah. when steve jobs stepped down as ceo, you know, he fell he had implanned into the dna of apple the real core issue of what apple is, which is connecting creativity to technology, connecting great beauty to great engineering. and he had the best team around and still does. he was a tough boss at times, but he made people loyal to him. anybody can be, you know, a bit of a jerk. he actually was charismatic, made people loyal. he had the best in the business. >> what an amazing study and knowledge base you have. what are you working on these days? >> i'm trying to do a history of the digital age. i mean, we've been transformed by having computers, the internet, the microprocessor, microchips, transistors and we generally don't know who invented any of these things. i'm looking at it through the really cool, really smart, but also innovative and rebellious hacker who is created the dig

tim cook is a really specific c.e.o. and the team is the same that's brought apple this far. they certainly have an edge in a lot of areas but can lose that very quickly. >> let's talk about h.p. >> i was just going to say a.o.l. >> is h.p. going the way of gateway and wang? >> it's a huge ship to turn around. the stock is at all time lows. they have a vision direction problem, a huge company. these tech companies can go very quickly and people, what's amazion was something like oracle or microsoft has been around a long time. even microsoft has a lot of challenges. >> is microsoft survive with all of these game changing technologies and ability now for people to go on these sites and scale technology with the ways we never could in the past, meaning the high arc typal top down. >> that's fine, they are introducing their own tablets going the apple direction. another large, large company. i think the question is are we going to have all these big companies going forward is there going to be a lot of smaller companies. >> next i.p.o. that will be, what are you anticipating? >>

tim cook is not expected to testify.nd samsung as far as the stock is concern apple up a percent in frankfurt, samsung up 3.4%. i want to get your view on that as well. do you trade this stock, own it, shorting it? >> we're long apple. apple announced earnings and the stock came down to $570 range in the u.s. and we bought the stock right there. i think long term the stock is tremendous, with a boat load of cash on the books. but, however, the question has been for a long time who can compete with apple, who is the potential iphone killer and samsung is the one if anybody is going to knock apple off their pedestal, there's room for both an apple and samsung. samsung is the real competition. >> short rimm? >> i would love to say i was short rimm. down in the $6 range rimm gets interesting. a lot of people believe their value is up around $9. so no missed the short there which was in hindsight pretty easy but there's upside in rimm. >> speaking of apple, apple and twitter held talks more than a year ago about a possible ti

the company cited week european economy and tim cook also said customers are anticipating iphone 5.pple down 5.6% in frankfurt. apple's asian suppliers were also a little weaker, apart from the last one. hon hai down 4.3%. joining us is brian white. thanks for joining us. what's your excuse then? >> well-being i think when you look at what apple sees. number one, they're not immune to a slowing world. they highlighted europe, highlighted natural resource countries such as australia, and they also discussed, you know, speculation around new products, especially around the iphone in the fall. i think if you look back last october, we also saw one of these black swan events. at that time it was analysts had not had a fall iphone launch and didn't really understand, i think, how to model it. it had always been a june/july launch. i think this time around you just have a lot of speculation around the new iphone. and you definitely have a weakening global economy, especially in europe. i think those were the two factors. the downside was driven by iphone in the quarter. >> you take the vi

apple tim cook also in the news about what the boss makes survey.uding stock options came in at $77 million. you likely made some if you held on through the stock market's recent slump, a big rally today led by strong earnings from a bank like wells fargo snapped a six-day losing streak. and visa saw its stock move up after hours. and we have a programming note for tomorrow night, we have got a 30-minute special for you all about the olympics and technology, it's a special edition of tech now at 6:30 right here on nbc bay area. >> all right, thank you, scott. >>> we also have an update on that wildfire that's burning in plaster county. we're told the fire has burned very close to several homes and governor brown called for more firefighters to help battle the flames there that have already forced 300 people to evacuate. so far the fire has burned about 1 1/2 square miles. it started earlier today and firefighters are still trying to determine a cause. >> let's check in with chief meteorologist jeff ranieri. >> most certainly the cool front right up

. >> when it comes to the top paid ceo's tim cook from apple tops the list. according to data cook brought home $378 million in 20011 including stocks. rounding out the top five, here in the bay area, larry ellison of oracle at 77 million, john dan of ult era and john watson of chevron. >>> visa and mastercard have setted a case. viss will pay the most. retailers accused them of conspiracying to fix fees. consumers may get hit in the wallet too. part of the settlement means merchants can charge more for the use of credit cards. >> the jp morgan chase reported billions in gains and losses today in its report. the country's largest bank said it earn $5 billion but at the same time they said it lost $5.8 billion from a bad trade. that is triple the amount they first said and the losses could go higher above 7 billion because of the bad trades. they also said traders tried to hide their losses. >>> investors seem to look at the gains, not the losses and sent the stock higher today. shares rose almost 6% to close at $36 and 7-cents a share. gapes by jp morgan chas

once he left, once tim cook stepped in, that changes the equation in.>> no and of course it's very difficult to comment on speculation and rumor. >> right. >> when i take a look as an analyst, i know apple pretty well, our firm owns the stock, know it pretty well. i think you cannot avoid regardless of the near term news flow the social media momentum. you have to be there and i think it's probably a savvy thing for apple to do. >> i don't know whether this is going to happen or not but when you have $100 billion of cash to do something with, you can afford to make a lot of investments and try a lot of different things so nothing that apple might do is going to really affect its stock price, because if you put it out, $1 billion, even $5 billion, $10 billion not going to dramatically affect the stock price and expand their presence so it makes sense but i don't know if it's going to happen. >> paul we have to run. one quick thing, apple made an investment last week in a company that does fingers, fingerprints. it's not an investment in fingers. >> authe

. >> when it comes to the top paid ceo's tim cook from apple tops the list. according to data cook brought home $378 million in 20011 including stocks. rounding out the top five, here in the bay area, larry ellison of oracle at 77 million, john dan of ult era and john watson of chevron. >>> visa and mastercard have setted a case. viss will pay the most. retailers accused them of conspiracying to fix fees. consumers may get hit in the wallet too. part of the settlement means merchants can charge more for the use of credit cards. >> the jp morgan chase reported billions in gains and losses today in its report. the country's largest bank said it earn $5 billion but at the same time they said it lost $5.8 billion from a bad trade. that is triple the amount they first said and the losses could go higher above 7 billion because of the bad trades. they also said that those traders tried to hide their losses. >>> investors seem to look at the gains, not the losses and sent the stock higher today. shares rose almost 6% to close at $36 and 7-cents a share. gapes by jp

. >> ceo, tim cook, is looking to make apple tv the destination for premium content without a cable subscription deal for apple. hulu's content competes directly with apple's itv on demand offerings and the first time the conternity is available on itv. apple is making this trade-off in order to amass more trade-off to help sell more apple tv boxes and apple gets to make more revenue from selling access through hulu plus and itunes and you can assume apple will get a cut of the $8 a subscription. hulu will also benefit from additional subscribers and ad revenue of viewers. it is unlikely it will share its ad revenue with apple. it is catching up to ro cu and microsoft 360. we have to see what apple does next to distinguish itself from those rivals. >> indeed. check this out, president obama's new campaign slogan. can you pick out why it is a getting under some people's skin? we'll talk about it when we come back on "power lunch." to the , the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a

tim cook palling around last night with jack dorsi of square and twitter fame and fueling speculationuld buy twitter. then there's netflix ceo reid hastings. last night strolling about with disney's bob eiger and this morning entering meetings with directv ceo mike white and another old stand by, chase carey and then possibly the oddest couple and that's mayor corey booker and facebook ceo mark zuckerberg. zuckerburg donated to the city of newark and the school system and booker said that was not the case. here he is. >> complete misrepresentation because what mark did was put it in to a foundation. i wish it was facebook stock. it was not. it was $100 million in charitable contribution. >> reporter: booker says that they have yet to spend all $100 million and so there's no chance of a second batch of facebook funds coming their way any time soon. tyler, back to you. >> kayla, thanks very much. >>> the market in rally mode right now. modestly so. we're off the lows in positive territory. and look at that intraday dow after a dive at 9:30. a climb now and we're positive. the s&p 500 ba

the fact is the guy got $900,000 tim cook. that's the salary.icted stock over ten years. nobody's crying for the guy. by the way, made $52 million in restricted stock the year before in 2010. i did check that. >> you could argue, could you not, ty, shareholder in apple, perhaps all of that is due mr. cook. >> i'm happy to share the proceeds as an owner of apple if i'm lucky enough to own the shares with mr. cook based on the performance of the company which is nothing short of spectacular. where i part company is with people who get large stock grant wls the stock doesn't perform and the company doesn't perform. >> right. i think you have a lot of company on that one. >>> next, a new report finds men landed 80% of the 2.6 million new jobs created since the end of the recession. good news or bad news, bob? >> well, sounds like -- >> mixed bag. >> sounds like rosy the riveter in reverse almost. >> a lot of that was in manufacturing. >> yeah. doesn't sound like much of anything to me and what was more disturbing is men are taking more jobs even tra

. >> i think we're looking at a picture right there of tim cooke and jack dorsey of twitter. that's out in sun valley, just a few weeks back? >> yep. >> interesting chatter nonetheless. bring in tony from bernstein. he joins us on the fast line with more on apple's next big thing. welcome back to the show. >> pressure to be here. >> talk about a number of issues. let's address the one that seems to be prance moving the stock more than anything today. that's this report from i-more as i said earlier. iphone 5, ipad mini event planned for september 12th. iphone 5 release date for september 21st. that's the headline. is it real? >> look, i think it certainly could be. now what they'll announce at that event is obviously a question. but, one thing that was curious that came out of apple's earnings last week is they gave guidance that was uncharacteristically aggressive and one of the key questions that many investors have is what's the missing link? apple just missed consensus numbers. why are they giving what appears to be aggressive guidance? and so investors are raising the qu

. >> what do you think it says about tim cook that he is willing to perhaps come out with this ipad miniome say steve jobs was against. he comes out with the dividend which as we know steve jobs was against. >> very good question. steve jobs indicated as he was getting ill is that he wanted the management of apple to run it the way they felt like it should be run and not the way that he would run it. sense you saw the dividend, and he was exactly right. he was very much against a 7-inch ipad, but he never said anything about a 7.8 inch ipad. i think what apple sees and i think eventually you will see it in the iphone is the opportunity to really expand their market share with products that will hit the lower price range in developing markets if you want consumers interested in the ipad long-term or the iphone long-term, and some of these developing countries, you have to offer a price point that's attractive. i think that's exactly what the ipad mini will do. >> 1,001, is that still the price target. >> i feel very comfortable with it. it is 18 times earnings. >> thanks so much. >> jason

company revenues came from china, the last time those numbers were incredibly strong, in kt fa, tim cook, "it's mind boggling we could do this well over there," he said. >> last time i bet against him, you get your head ripped off the next day but i think at this point people are still waiting for a new product. i know apple is considered basically a safety bet with the market and the turmoil, whether it's earnings misses here or european concerns over there, so it is looking at like a safety bet but i think at this point to guy's point, we are in no man's land. you need a new product coming out. >> we know that's coming, grasso. the iphone 5 is probably coming in the fall, september or october, so why not get ahead of the news you know is coming? >> i'm talking about apple tv, because you have 50 points based in from where we were last time. to get ahead of it now, apple i learned my lesson last time. i'm not going to say place your line in the sand here. i'm not so convinced we'll have a blowout in the number here. >> steve weiss, you watch at&t well, activations for the iphone down 14

growth, though, in china, albeit maybe a little bit less than it was the previous quarter when even tim cook himself was flabbergasted at the strength of it there, still has a long runway. and let's not forget while we're focusing so much on the iphone today, the ipad continues to fly off the shelf. >> yeah, i think that's right. as much as i'm a little bit incrementally more concerned on the iphone, the ipad is probably increasing in strength, not decreasing. and kind of a little lone nugget from the call last night. they have 225,000 apps written specifically for a tablet. i don't know where android s. but i think it's sub-1,000. it's almost as if they have this tablet space locked up a lot more than the smartphones ba sp globally. >> tavis, it's mike murphy. we stepped in on weakness last night and picked up some apple here. the last time it pulled back, i think it was in october, we didn't. we watched it pull back, waited for it to come back more and it never did. it rallied back to new highs. if the market continues this sideways move or downward move, looking at a company that's tradin

impressed with what tim cook was saying and how he was saying it?know, i think tim cook's done a nice job. i think it remains to be seen. look, he's still been in the seat he's in for a relatively short period of time. i think the road map largely had been set for him. i think they still, as they noted, have a variety of new products down the pipeline. i think the next generation of products is going to be critical for him in terms of establishing him after steve jobs. >> how quickly do you need to see the new product come out in terms of the pipeline? next quarter? does this have to happen 2012? >> no, i think iphone 5 obviously is widely expected. obviously, that would be -- >> do you need a completely new product in 2012? >> i don't think you need a completely new product. i think clearly that would help, and i think that is a potential catalyst. itv, we're not expecting that this year, more 2013. but it becomes very critical as you move into 2013 to prove that innovation engine will continue under his stewardship. >> thank you for joining us thi

one of the examples i site ironically in the column when i asked google voice search tim cook, a results it responds after 10 seconds and says i don't see tim cook in your address book. so you can see they are actually creating this experience that is built around search. now, apple eventually wants to get there. some of the new releases we're expected to see, ios 6 in september, incorporate some new search figures. right now one of the biggest problems is not the features but the fact the service just doesn't work properly. >> are you convinced that long-term the refining of this kind of product is going to get better? are we still in the early innings? >> definitely still in the early innings. google if you look -- sorry, apple, if you look at what they have been doing with the phone, they are definitely trying to eliminate google as a partner on the device. the next version of the software will have a maps section, not google maps. all these things where they are essentially trying to create their own ecosystem that doesn't include google. one thing will be search. siri will be the an

turned over day-to-day control of company, tim cook, chief operating official, yet continued to signts that mitt romney signed. does president obama think that steve jobs was a felon? i mean, if the president is going to say it about romney, let's see if it is willing to say everyone of dozens of executives who over the last several years have taken leaves of absence sometimes for personal reasons, sometimes for community service and yet continued to be listed on exact same sec documents. megyn: democrats have been making a big deal about bain, outsourcing about swiss bank accounts and so on. james carville, was on "hannity" the other night and said, good for them. good for chicago. go for it. this is the way the game is played. and then went on to say about the republicans complaints in response, the following. love to get your response to this. >> i think that what's happened in the republican party is this. i think the republicans are mad and you know why they're mad? because a harvard-educated community organizer is beating them in a street fight. they're mad about it. they're us

he just has to be the best tim cook that he can be. he has fwot a fabulous team around him. they are itching to show the world that they are going to to continue to rub this pipeline of amazing new products for years to come. >> can the european companies, can they afford subsidies the way the american companies can? >> no. but obviously that's one of the concerns is will the -- will the europeans what they are doing over there give att and verizon more confidence to negotiate. att and verizon combine -- 58% of their smart phones that they sold were iphone. >> it's all about siri in the united states. the second largest market is china. siri doesn't speak mandarin. but in the new upgrade it will. surely that is a major selling point for advancing sales against samsung in china in the fourth quarter. that's a huge issue, isn't it? >> it is huge. nobody here in north america is talking about that at all. how do you want to. it is texting or doing that on a blackberry doesn't work. the way that most people do it is with a stylus. but that has problems. there is no social stigma

romney as tim cook, the apple ceo, who was on television and said he could not bring the jobs back because people could not afford his product. he could make $400 billion a year, but paid employees $1 an hour. people need to wake up. they are using slave work -- slave labor and killing american workers. guest: the boom of outsourcing in the 1990's was great, and i think people are looking for a scapegoat. there are fundamental problems. i understand the sentiment. there is populism. people want to blame someone, but i'm not sure that cheap labor in other countries is terrible. it gives us products said are cheaper and it gives us money in other areas of the economy. host: untwitter -- guest: at some point i am sure they will come up but not right now. host: is not an immediate concern. guest: i think people are always willing to lend you money. we are still the united states and our word is pretty good. a few weeks ago there was a rush to buy treasury bonds in the united states with people getting out of european bonds. we're still doing better than most places in the world. i would not wo

. >>> apple's tim cook gets paid more than any other ceo.ion data provider equilar. the bay other's other top earners, larry ellison with 77 million, followed by ceos of mckesson, altera and john watson, who is with chevron, who came in at $18 million. >>> in his weekly address, president obama says tax cuts should not go to these multimillionaires, but rather to the middle class. >> on january 1st, taxes are set to go up for tens of millions of americans. i think that would be a huge financial hit for middle class families. >> the bush era tax cuts will expire at end of this year. president obama is urging congress to extend the cuts for people earning less than a quarter million dollars, while eliminating the break to those earning above that amount. he says top-down economics will not help now. president obama will talk about taxes during the campaign stop in virginia today. >>> a woman will battle president obama and mitt romney for the white house. this weekend, the green party is expected to nominate massachusetts doctor jill stein. sh

more and more as i talk to them over the past few months the tone shifted a bit and i think tim cookconference when he said steve jobs was famous for reversing himself when the data showed that the market was moving in a different direction of the he would say no phone and then they would make a phone and maybe they do end upcoming out with this 7 to 8-inch tablet we hear so much about and they have been telegraphing that. maybe the stock is moving on that. also, we have seen dell moving on the integration and we have known about that for weeks. very interesting. >> how much of this talk do you think is being fed by the nexus and that was relatively well received. >> i think a lot of it is being fed by that. first we had the kindle fire and questions about whether that was taking away ipad share and turned out probably not so much and now the nexus 7. i saw david in the "new york times" saying this is a viable competitor for the ipad, so there is a question of whether apple needs to respond to that. market share wise i am not sure it is valid because none of these guys are making any

plus, tim lincecum tries to build on his last start. xi half moon def sauce cooks had >> mandated and have to wait at the age of 72. he died after a battle of prostate cancer. he was the raiders legend, a three-time afl all-star. 6 8 in., 275 lbs., he was a behemoth, known as big ben. he was eligible part of their raiders defense that became known as the love and angry man. he played seven seasons with the raiders. us >> dan lincecum is back on the mound in washington the common of of its first win in 11 starts. things did not bode well for him today. lincecum did not get out of the inning. >> bryan of when does with the oakland a's has been designated for assignment would have good means he has been cut. the question on the mind of many a's fans this is, what took so long? over his last seven outings opponents were hitting a 4 to 52. his era at 19.5. the move makes way for bart to local law who is coming off of the disabled list. sorvino williams is keeping interest alive at wimbledon. here is serene and action. she is the sixth seed. she would answer her eighth w