tim cook, pressure on him.asn't had a break through since he took over and the entire financial team is on scrutiny. four apple executives are among the top paid of all 500 top company ceo's, get between 68 and 85 million dollars a year. a lot more than tim cook. he gets 4 million. apple stock has gone from 705 to 390 in seven months. huh. next, looks like the internet sales tax will breeze through the senate. we have one senator who is opposed to it. he's a democrat. plus, a business owner who makes a lot of money on-line and he says this tax is going to hurt him and his business. but you are going to like the markets when it opens up, a gain of maybe 90 points. that's next. in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-

it is tim cook and it is steve jobs. that's why it hasn't been too long as you would say in terms of time, for investors they get very nervous. don't see the same guy in the black turtleneck. >> they're in war and competition with samsg and samsung's latest smartphone hits store sales in the united states on thursday. >> yeah. >> is apple in defensive mode? are they still in a kind of a offensive mode? >> you're both asking the right questions. i believe they're in offensive mooe. i believe, i am cerin that they're going to try to come out with some, something fantastic. i don't know when. i don't know what and i don't know if it will succeed. if it succeeds we'll look back on this to say, oh, they didransition just fine and investors were worried over nothing. if think fail it will be a lot worse than what we're seeing right now. right now we're seeing a pause before that effort. i prome you that effort will be there, because if it isn't, then they aren't apple anymore. melissa: adam shapiro thanks so much. we'll come b

tim cook said our teams are hard at work on some amazing new hardware, software and services, and we are very excited about the products in our pipeline. good news there, tyler and susie? >> seema, thank you so much. seema modi reporting from the nasdaq. let's turn now to john buckingham. he's been buying apple for his clients and he's chief investment officer at asset management. so, john, is this what you expected in terms of earnings and the dividend and the stock buyback from apple tonight? >> well, it was certainly a news-filled afternoon from apple. the stock buyback was frankly, more than we might have envisioned so we're very appreciative of that. apple has a gigantic cash hoard. over $150 a share in cash and we really are happy that they're putting that to work especially when you can buy the stock here at these very inexpensive valuations. >> we are trading at less than ten times earnings for one of america's greatest corporations and yes, i know that earnings were a little disappointing in terms of th guidance her f the next quarter, but this is a fantastic company with tr

could be that tim cook was asked again about the product cycle.e said i don't want to be more specific about this but we've got some great stuff coming in the fall. nothing about the summer for people who were hoping for an announcement in june or july. >> we are seeing the stock down. now it's only up by .4%. it is going to be a push back. >> now that brings you into the holiday season. and i know a lot of people were talking about perhaps an apple tv at that point. that's what the stock's been about is that product cycle. and without that, you're going to have a completely different investor. >> it is surreal. there's no support to the prior closing low. so deal with it. >> you said that the direction of apple determines the direction of s&p. >> that's a good call by you. >> it could be bullish. if you look at it, it's 20% of the tech sec tosh etf. if this thing fades like a flower, it's not a good thing. >> meantime, shares of boeing gaining altitude over the past three months, but the stock could soon come under some pressure. the government l

>> i would actually recommend tim cook not to go.dy else in the ideal person to train the individual and to supplement them for the guy that had been assisting steve jobs in the same role. you do creative things creating office of ceo or intel, put two in a box with shared responsibility. david: i don't know. remember what, excuse me remember what happened to blackberry when they tried that. didn't work out too well for them. >> well, i they make sure the people that you have shared in the box. those were two old-timers. they needed fresh blood in that company. >> i just want to jump in here. david: sure. >> here's the thing with apple, 70% of their gross margin comes from iphones and that is so key to apple's performance. we're seeing too that 2/3 of its numbers that are coming in now, their earnings came from overseas markets. whether or not apple can hook up with china mobile is really key to the profit performance going forward for their iphones. liz: rob, apple is seeing q3 revenues. this their outlook. q3 revenue, 33.5 billion

tim cook had missteps and need look no farther than the apple maps. next two apple smartphones, whether the iphone or the lower price phone that might accompany. the current pipeline is still steve jobs's baby. tim cook is numbers guy than tin know vision guy. he has put guys in innovation. john any ives running ios development. scott forestall is really one of the reasons why ios stalling and perhaps perception of apple losing their cool factor. melissa: i guess. rob, look no further than the iphone. samsung is coming out really taking market share, really showing a lot of growth. what should they be doing in the global device market? >> what samsung is doing is destroying apple's image of value at a premium lemm. they're basically saying hey, for a lot less money you can get equivalent or better phone. people are looking at the iphone now saying why are we paying two to three times as much for this? we certainly saw the ipad mini start to stall real early on, why are we paying 60% more for an ipad mini? it is all perception but samsung is hitting th

now tim cook has not been able to tell people what they want. >> and he's not steve jobs. >> he has not listened to what people want, either. >> they said they had 18 months in the pipeline. they thought they had new products coming through. that is over now. you are looking at it. they said they can't come out with a new phone. why not? i would rather be a buyer of google. google is where the money is going in. >> very quickly, it's very clear if you look at january of this year and the stock was averaging almost 40 million shares a day. now 15 million shares at a much lower price point. that's telling you the public is not all over this name like they were. >> 46% of shares are still owned by retail investors, which is much more than google. >> it proved much more successful than many thought. analysts have a hard time calling turns. this is due to basic behavioral investment. >> thanks for that. this is, i believe, a very shameful example of wall street analysts not doing their home work. for analysts to not question a stock that has such a pair bollic move. >> when they start talkin

tell us if you could have lunch with apple ceo tim cook what would you ask him?d your answers later this hour. how you can actually make that dream happen. stay tuned. @ [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. liz: given a choice, most of you are not buying pcs. you're buying other things like tablets and smartphones. pc sales fell 14ers in the first three months of the year. that is the biggest decline in two decades since they have been keeping records. david: but the slowdown isn't slowing hard drive disk maker western digital who reported better-than-expected earnings and sales. joining us now for a first on fox business is steve milligan, western digital ceo and president. congratulations on the earnings repor

decline in the stock and the whole buzz about apple possibly losing its edge on innovation, that tim cookg to be replaced. is that the answer or is that just rubbish? >> i think that's rubbish, myself, because tim has done a very good job leading the organization after a very difficult time. steve, himself, looked for only one or two different models, but you have to look at the fickle consumer. the fickle consumer wants different form factors and different sizes. that's why samsung is capitalizing so much right now, going from 3-inch to 6-inch. that's a huge screen difference in a smartphone and something apple really needs to take inside, as a single candy bar form factor what they need or should they actually innovate more? and that's not just tim cook, that's all of the kpsexecutivesd all the members of the marketing organization at apple themselves. >> all right. we'll leave -- >> maria? >> yeah, go ahead. >> there's something else here i think is worth noting. it looks like the average selling price of an iphone came in at $613. that's holding pretty steady, based on the numbers tha

tim cook answered the question and the company is doing many things right, but the stock is what mattersople at home. what do you think a lot of people would do? say cook was out and jack dorsey, steve ballmer, you name it. >> i think they would go social, mobile and make a series of large and noisy acquisitions that would change the course of apple so that they don't need to go through cable to own the living room. they can go through dish. they can own the telephone with sprint. you're talking about a significant change in the business model to much more of a recurring revenue business as opposed to technology which -- they do 4 billion in quarter in services and itunes. it's not like that won't be recurring. >> two-thirds of profits are on the phone. that's the story. >> there was a guy who came from pepsico and destroyed apple. job his to leave, right? >> it's interesting. what this market wants is pepsico. widening gross margins and good yield, stable cash flow. i'm just comparing what the market wants. >> that incredible growth spurt that created this incredible company and this am

connell: tim cook says he is sorry about apple's customer service over in china.fore we get to all of that, look at some more on stocks. a good day for the markets. here are some individual winners on the s&p 500. ♪ >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most comprehensive identity theft protection available today... lifelock ultimate. so for protection you just can't get anywhere else, get lifelock ultimate. >> i didn't know how serious identity theft was until i lost my credit and eventually i lost my home. >> announcer: credit monitoring is not enough, because it tells you

the reason tim cook gave was the mix of products. which has lower margins. and given the strong sales, the iphone 4, two. that was popular in china. probably important to take a step back and look at the big picture. seems to be coming on emerging markets, too. asia pacific, the region was by far the biggest growth for apple, up 26%, surpassing japan's revenue. at the same time there is this other trend we can't overlook. the i tunes software and services topped $4 billion in revenue. that's a little less than the revenue adobe makes in a year. what's unique is that it keeps building as apple sells more ios devices. now we're entering into this interesting new area. very different from the game plan from the past five or six years. >> one apple investor has a very strong message for tim cook. from what is a every other sentence for everything we are doing. making a lot of money. it is unheard of. unfortunately, the public companies are not perfect but the ceo has to sell the company. i think steve jobs was truly amazing. >> i don't know. i'm really beginning

the tim cook thing, just -- but the other. but your state's governor, begging for jobs that china stole just adds to the insslt. >> i'm shocked. i am alarmed. i am worried about what is about to happen, you know, we can't trust china. we can't trust them. look at what they have done with intellectual property. neil: why do so many business leaders do it why does tim cook fold like a cheap suit, and california governor go begging? i can understand why we as a country collectively are shy about calls chinese on the carpet but this getting bizarre. >> we have to call them on the carpet. in regards to intellectual property, and cyberattacks, we have a situation brown took 75 donors and special interests and bureaucrats hopes to get billions into california. but we're not addressing, we're ignores the issues of intellectual properties and cyberattacks, the chinese is buy california property, but we can't buy chinese property, this is not an equal playing field, i'm afraid, that china has billions of dollars because of our deficit s

they rip apple off and tim cook says, i'm sorry? this is ridiculous.ow, look, we shouldn't be a bully. we should sit down and have good, fair trade relationships with them. but we should let them know enough is enough. they ripped us off to quote "the donald" enough that it is time to stop manipulating your currency, stop stealing our intellectual properties. and if we're going to compete for rare earth metals and resources around the globe, let's compete on a level playing field and not have you go in the back door and put us out of the equation. neil, "the donald" is right on this one. i don't agree with him all the time but he is right on the money on this one. that is probably why you got a thousand e-mails. neil: you know, if you're a i am with you will never get any respect. >> amen. neil: thank you american trading corp chairman, craig smith. look under the hood did i. what this kid billionaire is planning for your phone. let's say, scary. [screaming] at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do

>> tim cook admits, they are a mature technology company. doesn't make them a bad company, though, right? >> but does it make them valued at 700? >> that's the question. >> just how big a threat are the hacks like we saw at that fake ap tweet yesterday to the market's integrity. cfte commissioner bart shulton weighs in on that. he wrote an op-ed piece today and we'll get his comments, coming up. >> the dow jones industrial average down just a fraction. been a negative day all day, but we are off of the worst levels, 14,712, last trade of the blue chip average. nasdaq looks like this, highest level of the day. in positive territory, keeping in positive territory with a gain of about seven points but a quarter of a percent. s&p 500 looks like this, similar chart pattern as the nasdaq, where it too hovers a to the highest levels of the day, having reversed early losses. major averages coming off the lows of the session. can they manage to eke out the gains into the close? >> let's talk about it into "closing bell's" exchange with mike thompson

tim cook, more than doubling overnight. how much it will set you back to have that cup of coffee with him cook this hour and get you updated on the markets as we do every 15 minutes, our first trip to the stock exchange this hour to check in with nicole petallides, stopped a little changed right now all on that softer than expected d e p raise. >> we have gone back and forth mostly red but look at the dow certainly giving it ago today. up in positive territory, you see the dow about four points and that is a fraction sitting at 14,704, a ticketing nasdaq down 1/2% and that is the worst of the three and the s&p 500 down 1/3% and we saw sentiment improving but the key is the gdp number. you mentioned at the top of the show. really it just shows it came in less than expected, 2.5% and that just shows the economy, it is growing but at an extremely slow pace and a huge disappointment to those waiting on. there's a nice one week charged with the two indices we followed so closely and you can see you do have the s&p 500 outpacing

did tim cook make a $100 billion gamble to get wall street and investors off his back?uld he care what wall street thinks? we will talk about that and more after this short break. oh, boy. [ groans ] ♪ ♪ [ engine revs ] ♪ omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. yes, you could. i've always kept my eye on her... but with so much health care noise, i didn't always watch out for myself. with unitedhealthcare, i get personalized information and rewards for addressing my health risks. but she's still going to give me a heart attack. that's health in numbers. unitedhealthcare. >> this news just in. exxon raised its dividend. >> to retirement and quite often employers don't really mind if you retire. it's a way to get younger, cheaper workers in the door. so c

apple's tim cook and the hot seat, maybe not.ding to forbes this week took a job is in trouble. the iphone five will not be out this summer, maybe this fall. there are theories and rumors that fingerprints will be a big part of the foam. >> watching a net flicks, they are four and a half percent in early trading. >> they don't really care, they want to turn a profit. it is a pretty saturated plate.right now. we are watching more tv and with netflix time we are catching up with seasons. netflix is a great story. >> is the eighth issue when? is it too soon to tell? >> the delivery mechanism as key. you have to pay a premium dollar for content. the big players like universal, comcast they do not want to release all of their content to only one player. they went to give it to x box and net flicks. netflix is a great story, i would not be surprised if it was acquired by someone who was bigger. >> now let's get the update on weather and traffic, erica is standing by. >> a lot of people are excited for today's forecast. temperatures cou

spacex seems cool. >> tim cook is not interesting. down, not thriving, and maybe i would want the opportunity to talk to him and give him a little of my own time. melissa: could be an investment if you have an app or innovation to sell to the company, you could have one-on one time with him to pitch it. one of steve jobs is coming true, dreaming of an apple car. volkswagon has the iboot l. they are releasing the app to display oil levels, driving times, and more. if it's not a hybrid, nobody in san fransisco will buy it. what are they thinking? >> i don't like it one bit. it's the third day in a row that my car has been -- it's a mercedes, and i put an ipad where the charger goes, and i put it through the sound system, and it blew all the electrical in the entire car, and for three days straight, electricians can't figure it out. melissa: that could be a mercedes problem. that's all the time we have for you. tune in at 1 p.m. when the senator talks about his efforts to -- gerri: hello, i'm gerri willis. tonight on "the willis report,"

tim cook is in danger of losing his job? er i think it's fiction. if we're sitting here in nine to 12 months and all the new products had bombed it might be a new story. in terms of apple? >> i totally agree with him on tim cook. he is a terrible cash al kay tore. i'm long going in and out. i'm long and have been for a while. >> i have owned this stock for a long time. >> you can't really love a stock that is at 44%. >> well, i have owned it for a heck of a lot longer but i never got out of it. if they have missed the boat, and it doesn't launch soon? sometime within the next months, then i think he has got a real problem. everybody who is foreign has the bigger screen phone. everybody. >> why does it take so long? they have the ipad mini. why does it take so long? why can't they work on that same platform? make it a phone and the people have to carry around one item in their pocket? why does it take so long to refresh when they have the product existing there? >> how many devices do you have in your man purse? >> seven right now. >> you are so hone

if ceo tim cook broke that silence after reporting their second quarter earnings.e he teased the future, he felt he needed to address the company's slide and value. now it's at. pfft the decline in apple's stock price has been very frustrating but apple remains very strong in we will continue to do we do best. the life we remain very optimistic about our future, we have some very great stuff coming in the fall and across all of 2014. our teams are hard at work at some amazing new hardware, software services that we can't wait to introduce in 2014. we have a lot more surprises in the work and a potential of a new product category. >> we can expect a new phone, ipad and most likely apple into a new market. my guess is tv. that will be huge. but will talk about that in the fall. gabe slate, kron 4 news. >> a solar-powered plane with a unique look that took off this morning from moffett airfield in mountain view is passing over the golden gate bridge. here it is. you are looking at video from our helicopter partnership with abc7 enws. the lightweight plane, which has a

separately, apple's ceo, tim cook, issuing an effusive apology to china.know this week, julia boorstin on the story. over to you, julia. >> reporter: maria, china has the largest box office outside the u.s. $2.7 billion last year. so hollywood is willing to make changes to get a bigger piece of that fast-growing market. paramount tweeted this upcoming brad pitt film called "world war z" so the origin of zombies does not point to china. it could appeal to china's powerful film board. and they're working with china's movie channel to promote the fourth "transformers" movie. after "transformers" three grossed $165 million in the country. this comes after disney's marvel announced friday it will release a chinese version of "ironman 3" in collaboration with dmg, featuring an appearance by china's biggest actress. and when film district released its "red dawn" remake in november, it switched the villains from chinese to north korean soldiers. of course, china's not alone in looking to make -- hollywood's not alone in looking the to make china happy. yesterday,

it's caused ceo tim cook to issue an apology in chinese. stock is down again today. we'll come back and find out what the controversy is about and what the long-term damage could be. >>> then could north korea's nuclear threats be the kind of unforeseen wild card that derails the markets and the economy? we'll find out exactly how bad things could get with a rare and exclusive interview coming up with former defense secretary leon panetta. that's later on in the program. stay with us for that. welcome to the new new york state. what's the "new" in the new new york? a new property tax cap... and the lowest middle class income tax rate in 60 years... and a billion dollars in tax breaks and incentives. new opportunities for business. over 250,000 new private sector jobs were created over the last two years. and 17 straight months of job growth. with the most private sector jobs ever. lower taxes, new incentives, new jobs, now that's news. to grow or start your business in the new new york visit thenewny.com with fidelity's new options platform, we've completely integrat

to your point, joe -- and to joe's point asking about tim cook, this is tim cook's moment. it's the second half moment. if they don't have that phone this year, before the end of this calendar year, this stock's going to be trading underneath 450. people will be excited at 428. they'll try to get excited at 450. they'll see it come right back down again and go under $400. that's the problem apple faces. they have to be innovative. >> on the cash returns, one interesting thing to watch is earnings are april 23rd. i have a feeling if the earnings are weak, like goldman said they might be yesterday in their note, you'll see them actually use the cash return announcement on earnings to try to void -- >> -- they can do, because the earnings will overshadow that. >> i agree with you. but i have a feeling -- >> so many companies make that mistake. >> throw up this chart, guys, real quick. we didn't talk about it, but i want to. this trading pattern over the last six trading days that apple's been doing, because it's peculiar, the stock getting a bump and then a pullback. it's been

from the treatment. >> beautiful face. >> yes. >> moving on, charity action fr a coffee date with tim cook is back on track again after someone used a stolen card. >> last week it was $650,000 but whoever place that had bid did soed fraudulently. the winner gets to sit down with cook at apple's cupertino headquarters. proceeds benefit robert f kennedy sent year now, more people opting for ground turkey as a healthier alternative to beef but there are concerns you need to ware of. >> michael finney is here now with the story. >> it's getting very, very big. burger king started serving up turkey burgers. ground turkey can be a better choice but a just-released investigation reveals that it can be a breeding ground. >> dina has been trying to cook healthier meals. >> i make meatloaf witness. and. >> but this investigation shows when you're talking turkey you can be getting more than you bargained for. >> 90% of the samples analyzed had one or more of the five bacteria we looked for. adding to that, the fact most bacteria proved resistant to antibiotic autos consumer reports shipped 257 sample

where does that leave tim cook? no specifics from him as far as new products are concerned and the stocks clearly taking a beating and apple did raise its dividend. obviously, it's going to watch that all morning for you. >> all right, next, the opening bell and the question, where were you at 1:05 p.m. yesterday. when the market dropped 150 points in three or four minutes because the twitter account was hacked? do you put your trust in computerized wall street trading. everybody has different investment objectives, ideas, goals, appetite for risk. you can't say 'one size fits all'. it doesn't. that's crazy. we're all totally different. ishares core. etf building blocks for your personalized portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. omnipotent of opp

i do wonder, jim, tim cook. the board, security of his job. when do we start having that conversation? i started it. >> i think you just put it in the public domain, but i think that there is a sense that the company's in a tailspin, and it doesn't seem to matter what they do right now. people are no longer worried. >> remember there was that period of einhorn saying, look, maybe they can do something. these were all downgrades on growth and missed quarters and when you see someone so certain that not only is this quarter bad, but the next quarter's bad and tomorrow we get a downgrade and they say that 2014 would have -- you need everyone to downgrade like everyone upgraded. this is the classic. when do you get a bottom? when there is no one left who likes it and what you find every day is there's still someone who says they like it. they do say they expect a low-end phone in calendar 13. they say they could invigorate the high end with the bigger screen phone a la the samsung, but there is little tangible evidence in your view and at least in

apple ceo tim cook saying we have cool stuff coming in fall and in 2015. ysts asked whether that meant not to expect anything in the summer. cook said i don't want to say anything than fall and 2014 for really cool stuff. the stock after hours took a bit of a dive after that. it had been up as high as 425 bucks a share or so. went back down to the point where by the time the call was done the stock was about flat in after-hours trading. a big shift from apple. the company saying as it prepares to return cash more cash to shareholders it will plan to take on some debt as a way of managing its cash balance. the company for a long time prided itself on having zero debt. soon that will end. the company nonetheless says they are confident in their ability to churn out new products in the future, beat back rivals and pointing out that the ipad mini, ipad in general doing very well versus low-cost rivals and the iphone had a quarter better than many analysts expected upwards of 37 million units sold. guys, back to you. >> the other big story in the u.s. session ye

people have been critical of tim cook depending what side of the argument you are wrong, you can blame for prior to this not returning money to shareholders, david einhorn at green light is happy with mr. cook, putting out a statement about this is one thing that is accurate and the right thing to do for shareholders raising the dividend, increasing stock buyback but a lot of questions about apple's future which is why you see price targets coming down. china had revenue of $8 billion in the quarter in china but that was a slow down and international sales account for 66%. apple's revenue in this quarter investors starting to wonder how does apple maintain this momentum and dominance, the tabloid market don't dominate smart phone market but still number one. liz: you were watching this as well. in the aftermarket session stock skyrocketed. how many people looked at that and 7 missed my chance and you didn't. >> we were down $400, but you have -- tim cook saying we will have the new grrat products. he didn't say the date but coming in the fall. they didn't know what it would be but i ap

tim cook had the baton passed to him, by steve jobs who passed away, we knew it was going to happen,oducts in the pipeline, steve jobs died, did you think that apple stock would go to 900, you know now down below 400, that is incandescent no matter who -- inevitable no matter who took over steve jobs, there is a little bit of battle over what to do with cash, that apple sitting on, but, this is a well-run company, i don't know they will find anybody better than tim cook, i think this is a lot of chatter from speculators just saying what they wish all happen. neil: you know, i think what happens we live in a short attention span type society, we have the ceos, on a short leash, they get a grace parting prize but in case of j.c. penney they do not have a language leash to run. -- long leash to run to would not surprise me at all. >> it would not, you have to wonder in case of j.c. penney or other companies that have seen it, does that work out to boot out a ceo get somebody new? a lot of time company seen a big that takes three ceos to get out. not just making one change. neil: all rig

. >> plus tim cook forced to make 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! don't stress. we can figure this out. [ male announcer ] get the speed to make a great first impression. call today to get u-verse high speed internet for as little as $14.95 a month for 12 months with a one-year price guarantee. this is delicious. ♪ [ male announcer ] save the day in an instant. at&t. ♪ >> city of san mateo poised to move in and clear a home of debris and junk today. judge in february gave the homeowners 30 days to clean up their own mess. vick lee explains why city crew showed up today but did not clear out that house. the. >> here they come. >>reporter: city inspectors accompanied by police arrived at mark's home. began the walk through waiting in the wing. clean up crew to hall away debris from the front yard. watching anxiously were his wife kim and son. this is what the front yard looked like before they were ordered by the courts in february to klein their property. it was littered with debris. the city

is tim cook vulnerable? cheryl: we are coming on the top of the hour.erday after 1:00 p.m., we sell the stock market fall out of bed. very market moving event and devastating to a certain extent. today, it seems a little more clear. the dow and the nasdaq slightly down. the bank stocks are managing to hold on. procter and gamble are under some pressure. i want to take a look at general electric. shareholders rejected the proposal to split the roles of chairman and chief executives. they reelect all 17. back to you. cheryl: we knew that she would surface somewhere. dennis: a hack attack sending markets into a died yesterday. a fictitious tweet appeared. that was enough to freak out wall street. we are now hearing reports of a possible syrian connection? >> the syrian connection has long been suspected, not only in this attack, but other attacks over the last couple of months. dennis: what is a theory and group? >> an organization that is allied with the president over there and they are just doing things to promote his side of the argument. dennis: eliza

there is talk that apple ceo tim cook might get fired because of the company's bad performance in the stock market. yeah. you can tell tim cook is trying to keep his job because he was like, "have you tried turning the company off and back on again?" [ laughter ] usually works. [ applause ] >> steve: works, yeah. >> jimmy: did you guys see this? yesterday, the backstreet boys received their own star on the hollywood walk of fame. [ cheers ] of course, it got awkward when they had to ask one of the guys from 98 degrees to stop sleeping on it. [ laughter ] it is stuff times out there, guys. you know what i'm saying? it's not a pretty business, no. [ laughter ] check this out, you guys. the history channel miniseries, "the bible" -- you know, it was a big hit. now, it's being cut down to three hours so that it can be released in theaters. and this is cool. apparently, theaters will be able to feed an entire audience with just one bucket of popcorn. [ laughter ] that's what they're saying. "and then moses parted the red vines." [ laughter ] i was excited about this today. i saw kool-aid m

that's good news for tim cook this morning. just barely. it's up about half a percent. we'll call it $407. the share, we'll continue to watch it. how about a cool app? go comics gives you alcohol's to calvin and hobbs there. peanuts as well. fox trot another good one in the app store. virgin america unveiling a new feature where you can use your seat back video system to order yourself a drink or order a drink to anyone else. >> really? >> you click the seat and you send a drink to the attractive person in 8a or 36c as it were. >> stop it. >> i can see it now. what's a nice girl like you doing on a show like this. >> only two seats you cannot send drinks to. do you know what they are? >> the pilot and co-pilot. >> richard branson says he is so confident of this, 50% of people will be able to hook up on flights. >> 50% works all of the time. >> putting on a show in denver last night. hammering the nuggets 131-117. next two games will be at the oracle arena. game three friday night at 7:30. >> great game for the warriors, great game for the sharks, locking up their spot i

you say they, you're talking about tim cook. >> i'm talking about the entire management team.t one guy running the company, it's the whole team up there. liz: as we finish up, apple tv, do we even bring that up again? [laughter] it's like waiting for -- >> yeah, i think they could do a few different things on the apple tv side. it's more about the content, how they can deliver content and how it's going to -- liz: are you expecting them to? will we see anything on that level? >> not this year. liz: not this year. okay. thank you so much for joining us. david: thanks. by the way, i just have to mention netflix. it continues to go higher. it is up 30% now from the close today. it was already at 174 which is pretty high price for netflix. it is now trading, look at this, almost 12, 13 -- almost $213. liz: so watch out, you may be paying more when you shop online after this week. peter barnes joining us live from washington with the details, that's next. ♪ ♪ un. ♪ ♪ we went out and asked people a simple question: how old is the oldest person you've known? we gavpeople a sticker an

chief executive officer tim cook issued the apology on monday. he said he's aware that insufficient communication may have led some people to believe that apple is arrogant. he expressed apologies for causing concern to customers. the media accused the company of refusing to exchange faulty products with new ones and only agreeing to replace parts. apple initially rejected the claim saying its customer service is the same in china as in other t global warming and the nuclear accident in japan have focused attention on renewable energy. residents of a small village in austria are making big strides to go green. they have built a renewable system that's powering their homes and economy. we have the story. >> reporter: it's a village of about 1,600 people. it's becoming self-sufficient in energy. this is where it all happens. what you can see here, for example, is part of the solar power system that generates electricity or over there. tons of woodchips from the region are used to generate heat. we're now at the very middle of this energy production

apple ceo tim cook is now apologizing to china after state media accused apple of shoddy customer servicend second-rate repairs. cook promised to revamp repair policies for both i 15 foens and ipads in china, the second largest market for apple will after the u.s. >>> it's being called the decision that could save a lot of lives across a developing world. india's supreme court has rejected an attempt by the drug company know vard is to patent a new version of its cancer drug called glef ick. it means generic drugmakers can sell cheaper copies of the drug in india around one-tenth of the brand name price. western drug companies says it could force them to cut back on expensive research and development for new drugs, something the generics don't have to worry about. >>> you don't see them out on the street much, but apparently tesla's luxury electric cars are selling very well. shares for tesla jumped 22% today after the company reported that after years in the red they're finally turning a profit. no wonder, there's a backlog of 15,000 orders for the tesla model-s. the price tag? about 70,

. >>> apple chief executive tim cook has apologized to consumers in china. the mea culpa apparently was sparked over the company's iphone warranty policies. and by pressure from state-run media outlets. >>> the u.s. department of homeland security could be facing an onslaught of requests for high-tech worker visas in the coming days. if demand here outstrips supply, then a lottery system will be implemented leaving high-tech companies to deal with the frenzy for permit. >>> plucked from be on security during a march madness cinderella run. florida gulf coast head basketball coach lands a very big job. >>> and two people are lucky to be alive after surviving this incredible car wreck. details when "early today" returns. >>> now to some other stories that caught our eye this morning for you. in georgia a high-speed crash ripped a car apart, nearly killing the two people inside. the out-of-control vehicle ran into a wall causing the driver and passenger to be ejected and catapulting the back half into a passing car. the driver of the severed car is in critical

but chief executive, tim cook, said he's optimistic about apple's future and said the recent fall in the sre price has been frustrating to him and his staff but added the company's position remains strong. apple officials said they will share $55 billion in profit with stakeholders through dividends and share buybacks. investors see this decision as a way to ease tensions over apple's lackluster performance and falling stock price. >>> on tuesday, a hacker breached the "associated press"'s twitter account and sa sent a message saying explosions at the white house hurt barack obama. it claimed two blasts left obama wounded. it spread fast prompting investors to sell shares on the new york stock exchange. the dow jones industrial average fell more than $140 in the two minutes after the fake news broke but share prices recovered after it was confirmed to be untru untrue. >> i can say that the president was fine. i was just with him. >> public relations officials with the associated press sd deils of the cyber-attack are unclear. they said the news agency is working with their operators

they exceeded, tim cook made a very unusual apology to the government. >> what about margins from these products that you're talking about? those are going to actually drag down margins and how does the stock react? >> margins will be hurt. and they're going to have to face the reality of competition that's going to be driving the prices of hardware down further and further. whoever it was who talked up samsung. why aren't they doing anything? where is their adr? i mean, that's a really, really smart company right snou. >> let me ask you about hewlett-packard which you like. >> yes. >> goldman sachs downgrading to sell today and they say sentiment moved ahead of reality. isn't that the case? >> i think hp is misunderstood. i'm looking at the big data side of hp where they have the enterprise franchise and they have the technology. yeah, they got killed on autonomy and they took a $6 billion write-down but they got the ip and the artificial intelligence. they're going to be a power going forward. >> let me ask you one more thing about apple and then we'll leave that discussion. i read a

. >> up next, apple's ceo tim cook had two words for his company's chinese customers today.'m sorry. next with that story and the other headlines coming into the cnbc newsroom today. ♪ you know my heart burns for you... ♪ i'm up next, but now i'm singing the heartburn blues. hold on, prilosec isn't for fast relief. cue up alka-seltzer. it stops heartburn fast. ♪ oh what a relief it is! cue up alka-seltzer. it stops heartburn fast. ♪ ♪ the new blackberry z10 with time shift and blackberry balance. built to keep you moving. see it in action at blackberry.com/z10 we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. and don't get heartburn in the first place! it's not what you think. it's a phoenix with 4 wheels. it's a hawk with night vision goggles. it's marching to the beat of a different drum. and where beauty meets brains. it's big idea