i think tim cook is more of a people person.hink there's a lot of things about that that are good. i think the employees of apple, frankly, like it better. but what he needs to show is that he's going to -- when an issue comes up or when there's lack of performance, he's got to demonstrate leadership s. and so far people are still wondering whether that's happening or not. charles: there have been a couple of hiccups. the iphone launch, the maps, you had a couple key executives leave. are we getting to a point, though, some sort of major inflection point where they've got to deliver? in other words, before the average investor, not the wall street pros per se, but just the average investor who's hanging in there with apple before even they give up? >> apple is still surprisingly a cheap stock. the p to e is still pretty low. the real issue that they're worried about, i think the street's worried about, is not not -- fundamental business is great. the issue is are they going to have a repeat of, for example, the iphone 5 launch w

it appears apple's tim cook has a little competition this morning from another big name right here inthe bay area. >>> a terrifying scene. a man goes on a wild rampage at a home depot. this all caught on tape. the video you just have to see to believe coming up next. >>> welcome back. 4:43. what a beautiful live look outside. folks up and about already early on this friday morning. bay bridge there in the distance. 4:43 right now. pretty good forecast coming up. >>> facebook getting into a hash tag feud. they are working on incorporating the hash tag into its service by using it to group certain topics or conversations. the move is the latest shot at twitter as the two social media companies increasingly move on to each other's turf. >> twitter made the hash tag famous by using it to group together. >>> the latest glass door report revealing the 50 highest rated ceos for 2013. a lot of bay area execs making that list. facebook's ceo, mark zuckerberg, taking top honors. the ratings based on more than a half million employee reviews. google's larry page checks in at number 11. mark beni

well, that seems to be the case for apple's ceo tim cook.s he's spoken, made some sort of public appearance, shares ended up going down. charles, what do you have to stay about that? what do you have to say about tim cook. charles: it's easy to say he's obviously no steve jobs. it's like following muhammad ali. what does it mean in reality? for me it means steve jobs is a guy who had a chip on his shoulder, he wanted to win every single day, every single skirmish. i get the feeling that tim cook is okay lose ago skirmish, as long as they win the long-term battle. people want the stock to be the muhammad ali of the business world, michael jordan of the business world. if you taught michael jordan how to play foozball. he wouldn't go home. he'd stay until he beat you. and i think people want that from the most valuable company in the world. and we're not getting it from him. and he's too cool will losing the small skirmishes. >> i think the company had some issues, the michael jordan of the tech world for a very long and the stock had been dom

tim cook came out yesterday with a big press announcement knocking the samsung galaxy phone.t's -- that's a sign of real weakness in the marketplace because apple has never deigned to look down its nose at a competitor. >> phil schiller, not tim cook, but phil schiller. >> that's right. marketing director of apple. you're right. >> but i mean, i guess it shows more than anything how quickly things have changed and how apple finds itself on such a defensive platform now. >> they also are suffering a little bit which cook did in his last public pronouncement admit. they're suffering from cannibalization with the ipad mini which is eating into the ipad market share. and i think there you're going to see something really remarkable. samsung's got the lead fhablet. the combination phone and mini tablet. and that market is going to explode in 2013. and samsung is going to dominate it. there is no phone on the ipad mini, and there is on the phablet that samsung markets. >> stephanie link? >> what about the ecosystem at apple? when the stock was at 700, everyone talked about what a d

let's bring in scott budman with the details. >> we will start with tim cook who learned he will have to testify in the government's case against apple revolving around apple's entry in the ebook market. we don't know when cook is expected to testify. >>> tech executives ahead of google's android division is stepping down. andy reuben says he will stay at google. not so for google's reader. the company saying it is dropping the reader expect the stampede to alternatives like flip board. >>> your taste is movies is getting more social. netflix and facebook announcing a plan to let you post your movie tastes on the social network. the idea of sharing flicks with friends was popular among netflix investors. speaking of hot stocks we saw another ipo bringing new momentum to the green tech sector which is powering more of the bay area each day. an $80 million i.p.o. that saw investors flocking into silver spring networks as shares of palo alto's stock zoomed to all time highs and solar city saw its pose ipo stock price double. and then to top off the day u.s. secretary of the interior anno

tim cook, 18. we finish up with intel's paul otolini taking number 21.that cost scott mcgrew 17 cents to get to, would. with that in mind, i'm assuming you have a gadget. this is automatic. an easy enough name. this is a plug. it plugs into your obd port near your car. that port near your left knee under the steering wheel. mechanics use that port to detect what's wrong with your engine. some insurance companies you may know now offer safe driving monitors to plug into the same spot. what this gadget does is mott to monitor not just your car's health but its mileage and how hard your brake and accelerate. it knows how much you paid for gas and it can tell you the trip to work costs 17 cents or the trip to the mall costs a quarter or it will give you a score on your driving, the less hard braking and fast starts, the higher the score. when you get into a crash, it takes every o your phone and calls 911 and tells you where the mr. is are. all for $70. these aren't available until may. lots of people, very, very interested in them. this he are they are good

ceo tim cook has been ordered to testify in a government suit against apple over an alleged ebook price fixing scheme. >>> on the housing front, realtytrac reports housing starts in february were up 10% over the previous month still. there are 25% less homes in the beginning stages of foreclosure than there were in january 2012. >>> more good news for you. the federal reserve says the income to debt ratio of u.s. households is at the lowest level since 1980. now, on wednesday, investors welcomed news that we spent more at retailers in february. that is despite smaller paychecks and likely thanks to an improving job market. >>> bad news for the fans of the google read arer rrsv. the company will do away as part of spring cleaning. >>> not a fan of comcast, streaming access through march 25th through the 31st. if you are a fan of egg whites and fast foods, you'll be glad to hear mcdonald's is launching a lighter version of their egg mcmuffin. this one has white cheddar instead of american cheese and 50 less calories than the original. >>> wes welker trades tom brady for peyton manning. ko

. >> what i find interesting is that you specifically mentioned tim cook who's running apple as one ofs for your argument. >> and i think in a sense he illustrates a problem when incumbent managers think they don't have an obligation to explain what they're doing, i not even that i want to apple to return its cash. i want apple to tell investors what they plan to do with the cash. so that's my problem with him cook. it's not that i have a specific action plan for him but that he doesn't feel the need to explain what he wants to do with the future of a company. >> you know, carl icahn has been a busy man. if you track the performance of the company, certainly most recently that he's been involved in once he's gotten there, the stock prices have performed quite well. is that something that we generally see that once these big names get in they rable rouse a little bit and try and shake things up, that you do get a better performance in the actual stock prices? >> i think the sign of a good activist is you target the right company. what happens afterwards follows. and i think carl icahn's

. >> tim cooke? >> this is not tim cooke. but they're on the call.> i didn't understand that. >> 7 million units. >> that can be just the 10. >> if it is only selling a million units and they're not true sales. >> right. >> and you think about apple selling -- what did they sell in one weekend? 5 million units? >> on a launch. >> this is a problem. i'm sorry. >> are you giving me a kleenex? >> no. there are all those guys standing out -- instead of lines they had the guys like at central park. >> come on in, come on in. >> motioning to go in. >> it's a tough comparison. >> i need a tissue because i'm going to buy soon. >> i know why. because if it's bad news for a company, you feel things a lot of times. >> this is empathy. >> you do. >> he does. a lot in the past you say this is sad news. and i said are you really sad for blackberry? >> first of all, i have been with blackberry for so long as a customer. >> i would expect this from becky. >> like i said, i'm just waiting to see which one. >> back to jobless claims. it's down 30 cents. it's unchanged

meanwhile, tim cook slipped from the top spot last year to 18th. employees of the companies vote on their ceo, which means facebook employees really "like" their boss. ceo salaries are under scrutiny as recent filings reveal the earnings of the top brass. according to reports, john stumpf of wells fargo is the highest paid head of a major bank. on the heels of rising profits, his compensation package last year was nearly $23 million. in the automotive sector, ford ceo alan mulally took a pay cut but still made more than his peers at gm and chrysler with $21 million. and in a 25-year-long tradition, warren buffett still makes $100,000. time is running out to claim nearly a billion dollars in unclaimed tax refunds. the irs is sitting on the money left behind by close to a million americans who failed to file federal tax returns in 2009. april 15th is the deadline to file and claim the refund. still to come, from ponzi to prison: the inside scoup on how a florida lawyer fooled investors out of a billion dollars. but first, detroit isn't the only city

iconic, but nonetheless they have a terrific product development exercise under way under the new ceo tim cook. and they're still growing, still generating profits, are sitting on $137 billion in cash. have about a 2.4% dividend yield today, no debt. so i think they accompanying growth should help the multiple expand to very low 10 times turning to even 12 times along with what is likely to be redistribution of cash to shareholders in the form of a higher dividend or perhaps a share buyback, that should lead to a better share stock price for apple. >> you like pnc. we know a lot of banks are getting popular with investors. why did you pick this one? >> namely because its footprint in the midatlantic and the southeast is i think going to be profitable as we continue to believe we're in the very early innings of a housing recovery, and we're also starting to see increased loan activity which helped to improve their net interest margins. >> let's move along. from the energy sector halliburton, this is hhl on the big board, the big oil services company. tell us the story here, why you like it. >>

david einhorn wants the man on the left tim cook to let go of the purse strings.awsuit ensued, not over this issue specifically, but over the way apple shareholders might vote on the issue. but this is now irrelevant. the suit's been dropped. but as you point out, marla, einhorn still wants his dividends. speaking of apple, today in federal court, apple expected to settle a lawsuit brought by parents whose children spent money bying stuff in an app. british newspapers reporting this story of a 5-year-old in england who managed to buy $2500 worth of ad-ones in the games zombies versus ninja. facebook sending an invitation to reporters for a press conference thursday to show off a new look for the news feed. take a look, have you seen this man? can you tell who he is or if that's even a man? looks like it was beamed back from the moon, doesn't it? a look at security cameras. many terrible, most unmonitored. one subject we'll be touching on the show after meet the president sunday morning nbc bay area. >> thank you, scott. >>> two large bay area school districts tryi

. >>> a federal judge is ordering apple's ceo, tim cook, to testify in the government's antitrust case against the company. the lawsuit, which was filed last april, claims apple conspired with several book publishers to hike e-book prices. apple has denied the charges. >>> senate democrats released a federal budget proposal that includes nearly a trillion dollars in tax hikes and almost another trillion dollars in spending cuts over the next decade. that is in sharp contrast to the house republican budget unveiled just yesterday outlining more than $4.5 trillion in total spending cuts and no tax increases. meantime, president obama went to the hill today to meet with house republicans, hoping to sell his proposal to strike a so-called grand bargain of tax increases and entitlement cuts. but when the president releases his own budget plan in april. >>> also in the spotlight in washington today, president obama meeting with some top ceos to talk about the threat of cyber attacks and the huge economic losses that come from computer hacking. the president said he's taking cyber security se

meanwhile, ceo tim cook has been ordered to testify in a government suit against apple over an allegedook price-fixing scheme. >>> on the housing front, realty track reports foreclosure starts in february were up 10% over the previous month. still, there are 25% less homes in the beginning stages of foreclosure than there were in january 2012. >>> more good news, the federal reserve says the income-to-debt ratio of american households is at the lowest level since 1980. >>> on wednesday, investors welcomed news that americans spent more at retailers in february. that's despite smaller paychecks and likely thanks to an improving job market. >>> bad news for fans of the google reader rss feed. the company will do away with the service july 1st as part of a broader "spring cleaning." >>> not a fan of march madness? well, comcast, the parent company of this network, is offering its xfinity customers streaming access through the month. >>> if you are a fan of fast food, you'll be glad to hear mcdonald's is offering a lighter version of the egg mcmuffin with white cheddar cheese and 50 less c

and closing out on our apple news, tim cook will be required to hold 10 times his salary in shares, guidelines require exec tifz to hold more stock as a multiple of base pay strong reports helping stocks gain. your bloomberg silicon valley index lower on shares of apple and applied materials. and is reportedly planning a radical redesign of the mobile news theme. at bloomberg studios in san francisco, larry, carolyn, back to you. >> thank you. have a great weekend. >> a little girl in texas is hoping a garage sale hope helps her raise money so they can help homeless people. >> i like enthuse yachl there. she spent hours organizing toys and clothes. proceeds of the sale will go a group called christian assistance ministry. >> she says see what's a good program it is and how people do get help. she's adopted and has a sense of someone helped her. >> that is very sweet. >> she told a tv station she hopes they will recognize quote $100 billion. even just $1 billion, we'll take it maybe she should help congress just keeps getting nicer but the end is near in this pattern. you can see clouds off sho

. >>> a federal judge ordered tim cook to give a deposition about the e book company. apple fought the deposition and the government sued apple and five publishers accusing them of conspiring to raise prices for e books. other publishers settled. leaving apple as the only defendant. stocks gaining today on a report showing retail sales rose the most in five months. your bloomberg silicon valley index qlor on shares of ebay and cisco. google says it's working on making it's augmented reality glasses available for use with no prescription. the company says the glass design is modulear. you'll be able to add frames and lenses. prescription models are expected later this year. they won't be ready for the first reee decision release, expected very soon. in san francisco, i'm emily chang, back to you. >> thank you. >> social media is making it easier for people who were akopted to find their birth parents but a reunion in iowa is unusual. paula o'brien shared an article about adoption and a date her family never forgot. abby donaho saw it and couldn't believe it. she sent pa

find yours. >> apple ceo tim cook will testify in a government lawsuit against the tech giant over allegedt court judge granted the justice department request telling cook to testify. and stock certificates could soon be a thing of the past. according to "wall street journal" reporting that trust and clearing company will petition the fcc to create a rule restricting companies from issuing stock certificates. with march madness tipping off next week, companies can start preparing for a drop in productivity. coming as no surprise. nearly one third of employees will spend at least three hours each workday watching the game. that is the latest from the fox business network giving you the power to prosper. ashley: welcome back, everybody. all eyes on the balcony overlooking st. peter's square. in a short time, maybe within the next 20 minutes or so, we expect the catholic church official to come out and announce the new pope has been elected and will read that name in latin and sometime after that we are not sure that that person will come out and greet the crowd in rome. the white smoke going

last year's top boss was tim cook. he is 18th this year but got a 93% approval rating. >>> a top executive at j.p. morgan chase is blamed for withholding information about trading losses. another said that jamie diamond the ceo held back daily reports for two weeks last year that would have revealed risky trade losses. diamond acknowledged the losses last month. that's in decision to -- addition to $4 billion in losses last may. >>> the state's first rabies' death no four decades the man got the virus following a kidney transplant from a donor two years ago. official says three other patients who received the donors organs have been treated. the last time someone died from rabies was 1976. >>> a change in strategies, the policing plan that goes in effect in oakland this weekend. >>> how warm will it be for the weekend. i'll get specific with the warmest cities for saturday and sunday. mom, i invited justin over for lunch. good. no, not good. he's a vegetarian and he's going to be here in 20 minutes! [ mom ] don't stres

meantime, last year's leader tim cook saw his ratings drop leaving him in 18th place. larry, carolyn, back to you. have a great weekend. >> you too, thanks. recent report shows women and minorities under represented as judges but a bay area group is looking to change that. national association of women judges invited 70 san francisco stud dwronts a conference at the state building. the organizers say diversity is a must in the courts. >> people come into the courtroom, and they see a la tina on the bench. there is a greater sense of trust that their community, their different perspectives are being taken into account. >> a report published shows only 31% of california judges are women, only 8% are latinos. both well below percentage of the general population. >> history buffs have a unique opportunity to see items from the past that aren't always available to the public. things like fbi evidence collected during escape attempts from alcatras. there are blueprints for the presidio. these items part of the national park service archives. pieces usually accessed by histor

but now being had by tim cook. some people are saying that it's not really what is symbolized anymore they're not satisfied with the products that are coming out they're not wowed by by what they've been putting out do you think maybe that apple's reached its pinnacle well i don't think it's so much that people aren't wowed by what apple's coming out i think they did they are seeing their stock price go down a little bit and it's kind of like they're almost a victim of their own success there you know like you mentioned most valuable company in the new york stock exchange surpassed exxon and it's now it's kind of like a well what have you done for me lately the investors are a little nervous with the new c.e.o. and they're waiting for the next i pad or the next i phone but i think customers are still pretty happy with what apple is doing the reviews for the i phone five were really good people love that phone the i pad is still unmatched in the tablet market and it's one of the most secretive companies in the tech

lori: apple ceo tim cook has not forgotten about dre. the company considering the streaming service with the rap mogul himself. shibani joshi has more. >> why build it from scratch you can team up with a music mogul in somebody who knows a whole lot more about changing the industry as a whole. that is something apple is looking at doing. the report is showing tim cook, the ceo of apple, thinking about maybe teaming up with jimmy i mean, the beats ceo and with hip-hop mogul dr. dre. they teamed up, the three teamed up discussing the launch of the new music streaming service. the code name is project daisy and they spoke about the rollout in the business model and a private meeting i in the month f february. they believe there is an opportunity out there in the streaming music business for someone who knows about business and he wants to shake it all up because up until now it really has been data-driven and algorithm driven. google and apple are trying to figure out how they're going to jump into the streaming music spot. beats and dr. dr

. >>> one year ago today tim cook >>> one year ago today tim cook announced a buyback.ple today. could a dividend increase be in the cards and will joins us now. will, this is the talk of the town. well, the town being wall street to whether or not apple will do this. any indication so far? if apple were to do it does it make sense in your view this it would be done around the anniversary because that's the consensus thinking at this point. >> good morning, melissa. i don't think there's any question that we'll have an announcement at some point. we on the street have been expecting something any day for the past several weeks and you've seen in in the recent price action both speculation regarding a potential bigger dividend and probably more importantly, a sizeable buyback. that's the biggest driver right now around the recent stock action. >> the problem, as some might point out, even if apple does this and say they do a dividend plus a buyback. the bigger problem here is they don't have growth revenue. growth rates are decelerating that the point and they're enterin

the switch resulted in customer complaints and negative reviews to which the apple ceo tim cook has apologizednow, there's still numerous unknowns about the cyprus bailout, including exactly how much depositors will have to contribute to the package. this is what happened when cnbc's julia chatterly tried to elicit a figure. >> with the operation that's you're doing with the two banks, whether you're going to try and raise the 578 billion that you originally planned to with the bank levies or whether that's changed given the recapitalizations. and second question, do you recognize that what was seen over the last week perhaps has undermined the credibility of the european project, be it future political union, be it the banking union, and what do you do about that? >> on the 5.8, i would suggest that we all forget that figure because we're not using it any more. so we are pretty confident that we can do what's necessary on the side of the government with the 10 billion. what is necessary to restructure the banks. we can't say whether it will be 5.8 or more or less. that will have to be calcula

so, they will extend for a company like apple, tim cook, to say i will go to china and look at the rightseam but not the rights of the employees here in this own country, so, i don't think the gay rights is an issue in china or burma, but they are looking at human rights issues in which they operate. >> we don't think of captions -- we don't think of the rights, do we? >> yes. it is the first time we see a larger country like africa getting involved in the issue of human rights, getting involved in the aspects of the country and the way they operate, so i think we are looking at what is happening in our own country. we are quick in saying we are silicon valley, we are a bass chin of forward thinking and we are not on this issue. >> i think corporations are trying to be image conscious. they don't want a lot of controversy. >> i think the prime audience is inspiring others. >> a lot of the corporations are not tech or financial. in other words, a lot are not necessarily dealing with -- i don't see supermarket america. >> safeway could be a great company to come forward. i have been waiting

tim cook better act fast because the longer you wait the more costly it will get for apple.ne if apple announced a gigantic buyback on friday after the samsung galaxy launch? do not pass, just collect the $500. stick with cramer.

what is maybe tim cook is acting badly in not taking care of people.ni both know that does not make any sense. apple depends on repeat business. he is taking care of customers. maybe it's because they want to help the nova and the ziti in the other makers of phones right there in china. more maybe he has not kissed the right rate or accorded the right officials over there. maybe they're doing this to try it out the service providers. think about this. china your account, china telecom, and china mobile : immobile, 900-pound gorilla, the largest telecom provider in the world or sell provider in the world, they all have a deal with apple iphone or ipad yet. maybe this is to put pressure to get a good deal with china mobile, or it could be retaliation for the senate subcommittee hearings that we had a year ago about how ziti, those two companies presented a security risk to america, but to believe that the communist chinese government through the state-run media, to the department of propaganda of the communist party of china are trying to protect consume

if tim cook follows his advice, that's what you expect going forward. >> and he also commented on jcpenneyn a tough situation and retailers don't want to argue with customers about what they want. gentlemen, thank you for joining us today. >>> coming up next, how to harlem shake your way out of a job. with the spark cash card from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, please? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ garth ] boris' small business earns 2% cash back on every purchase every day. great businesses deserve unlimited rewards. read back the chicken's testimony, please. "buk, buk, bukka!" [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose 2% cash back or double miles on every purchase every day. told you i'd get half. what's in your wallet? told you i'd get half. but that doesn't mean i don't want to make money.stor. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishare

if they get this china mobile contract which tim cook went over there to try to get, it is not in the bag yet, there's 600, 700 million subscribers to china mobile that don't have apple. and in china, apple is the same as louis vuitton. yes, they can get these other, but it's got a certain cache to it. they all want the apple. that's why they even do a lot of knock-offs over there. second thing in addition to china could be a low priced iphone or ipad and thirdly, liz, they are supposedly working on a smart television or else some sort of dick tracy iphone watch. we're watching for that -- >> liz: we're watching for that. >> we think the stock could easily go to 630. our analyst has been very good on it on the way up and she said back you have and let it ease off. it is in the low 400s. that's when you can start to accumulate. liz: we will be back with david darst. coming up he has more names. the closing bell ringing in 48 minutes. when you think of a franchise, right? you immediately think maybe mcdonald's, subway, dunkin donuts, well the world renowned cleveland clinic just announc

apple's tim cook gaining $139.7 million. we have starbucks' howard schultz gaining $113.5 million.ristopher connor, $49.5 million. remember, chris, these numbers are on top of already very generous compensation packages. so some rich men getting richer here. >> and after that carnival cruise triumph pr nightmare, to say the least, they're cancelling, what, about a dozen more trips? >> yeah, that's also correct. a tough time for carnival and the cruise enthusiasts out there. carnival making adjustments to the triumph and sunshine schedule so it can make some changes to their power and fire suppression systems. the triumph was the ship that was crippled by the engine fire in the gulf of mexico. you know what? i'd rather have them do that than get on a ship and get stuck. >> no kidding. cnbc's jackie deangelis, thank you. >>> and we're going to take you live now to jerusalem. the president running ahead of schedule. he's about to deliver his much-anticipated speech at the jerusalem cultural center to a bunch of youth. let's listen. >> -- and the friendship that binds us together. you

. >> tim cook is willing to sit on a pile of cash than buy shares at new 52-week lows.saying, tim cook is not buying his own shares, why should i buy his shares. >> looks like we've got something working here. >> all-time high. >> okay. anyway, so tim cook, if he doesn't -- if he isn't standing there buying it hand over fist like travelers did, then why should i -- >> why should anybody. why should anybody. >> i don't have an answer for it. i do believe they should buy growth. the iwatch -- >> you both seem to believe that somehow a decision by mr. cook and the board and management at apple, to return that cash to shareholders in some fashion will be a turning point? >> i think a buyback, yeah. >> i do. >> it's not going to help the company come up with a new product. >> and they should buy twitter and netflix. >> you can go back to microsoft, a debate a number of years ago that they would return cash. it hasn't helped the growth profile of the company. frankly, it hasn't really helped the performance of the stock over time. >> cramer said buy a twitter or do something

now, the interview was unusual, because apple executives don't generally speak to the press except tim cook. the timing makes it fairly obvious what apple was trying to accomplish here. the dow will open at another record shriekiqueaking up. an up arrow is an up arrow. let's turn to bertha coombs. she is live at cnbc world headquarters. good morning. >>> good morning. that sort of has the bulls and the bears kind of frustrated. this market just won't go down. the bulls wonder whether this is getting tired. futures are higher. markets posted small gains you noted on wednesday on the back of positive retail sales data. the dow extending its win streak to nine days. the longest since november of 1996. we are going to get data in a few minutes on the weekly unemployment claims and also producer prices. the dow rising up five points. it is a win, as scott said, to 14455, the seventh straight record clothes. the nasdaq adding 2 to 3245. scott, we are tantalizingly clothes on the s&p 500, within ten points of the all-time clothes. that's the one people want to see confirm this rally. >> thank you

and if tim cook is ever going to return cash to shareholders, which he should be doing aggressively, he ought to be buying a heck out of the stock right now in this free fall. it makes no sense for apple not to be buying back a billion dollars of stock a week. right here. if the company thinks the stock is cheap, it is time. on another day, huge day to put up or shut up a huge, horrible day. it's when the company should be in their buy. follow along by viewing action alerts, fortunately, heavenly, sold half of its position. but days like this, down ten points, sorely trying our patience. richard tried to bring up value to buy the company he created. i like best buy now that it's the last man standing entertainment business. the strength of housing, best buy has the wind in its back because of housing. don't sell it. i'm not excited about the activist for a company called tesara, which has pretty good technology that hasn't done much yet but they just elected rick hill to the board of the directors. watch this one. i think tessara is worth buying but because hill doesn't like sharehol

apple executives don't generally speak to the press except tim cook and he does that rarely. the timing makes it forly obvious what am was trying to accomplish as far as samsung. >>> san francisco attorney, elliot peters, has filed a former accusation of misconduct against the federal prosecutors in the aaron schwartz hacking case. peters, who defended schwartz, says prosecutors withheld evidence. schwartz killed himself shortly before the trial began. >>> we have talked to the past about how some lec tri car companies are struggling, at least those not named tesla. word that hinrich fisker is stepping down as the chairman of fisker electric cars. it is assumed fisker, the company, will sell itself to a chinese outfit. this is kind of a california company. fisker's headquarters are here in the state. the cars are in europe. they use cars with a battery backup, much like the chevy volt, which isn't selling at all either. the most famous fisker driver that i know is justin bieber. >> is that the shiny one? >> the shiny one that also had some fire trouble. they are just simply n

but tim cook telling shareholders he feels their pain about the stock's decline didn't help, larry aspple ends the week at a two year low. >> there you have it. >> i say cutting government spending is good for economic growth. i don't understand how the president can say raising taxes is good for the economy. but somehow government spending is not. what sense does that make? by the way, after tax income today fell by the most in 20 years in the january report. that after the hike in payroll and other taxes. there's a lesson there. here to debate, cnbc contributors robert reich and cato institute senior fellow dan mitchell. dan mitchell the president said these rather small budget cuts in my opinion will take one half a percent off gdp and throw 750,000 people out of work. you buy that? >> i don't buy it for a second and if he was really serious and worried about these people he wouldn't have taken that golf outing with tiger woods because that right there cost the same amount of known taxpayers that could have avoid furloughing several hundred government employees. this is all empty p

you may remember that apple ceo tim cooke said in the not too distant future his company will make a map close to home. reporting live, scott budman, nbc bay area news. >>> thank you, scott. santa clara has become the first city in the country to use its utility company's infrastructure to power citywide wi-fi for free. it is putting in advanced meters similar to smart meters to get that data from the meters they built a new wi-fi network and realized they could add a freebie for residents and workers as well. >> putting in a system for a u utility use. adding free wi-fi to a system that already exists was very easy. >> silicon valley power will offer that service but it's just a fraction of the revenue it generates every year and while the free service is great for web surfing, just like any free wi-fi network it is not secure. that means you shouldn't use it to do any online banking or credit card transactions. people who don't want the meters can decline and you can still use the free wi-fi. >>> bolt blunder. a discovery that has caltran answer i answering questions about the new

. >> if you could give any advice to tim cook of apple and shareholders, what would it be? should they give more in terms of dividend? should they split the stock? is apple a long term stock you would with split levels? >> i don't own any stock. i did talk talk to steve jobs a few years ago about what they do with the cash. the best thing can you do with the business is run it well. if you run it well, the stock behaves fine over time. berkshire has gone from $15 a share to $150,000. and at times when it is four times when it has gone down 50%. there have been all kind of times when people have criticized doing this thing or that thing. but basically, we just focus on running the business. >> but you never had to dill with a hostile investor like david einhorn who is going after apple? >> i would ignore him. run the business in such manner to cree eat the most val you u over the next five or ten years. and you can't run a business to try and run the stock up everyday. >> but if you're looking at apple, it has faced massive fluctuations. tech stocks are more viable, includin