toward the end of the meeting, tim cook fielded questions from shareholders who pressed the ceo on why he didn't speak more about new products in the company's pipeline. cook says apple didn't want to offer a road map to its competitors, and that the company in his words gets ripped off enough by rivals. he also emphasized that the company is spending a lot more money on research and development, which he says demonstrates its commitment to product innovation. there is also a lot of speculation about what apple's next product could be. a wearable device, an improved set-top box, or maybe a new service such as mobile payments. some analysts on wall street worry that these ideas sound exciting, but not necessarily revolutionary. still shareholders didn't share in that concern. >> both because the employees themselves are passionate about what they do, but more i was a systems engineer quite awhile ago. i see the technology that's ongoing now outside of the company. and i think that apple can just capitalize on technology that exists now. >> reporter: the company stock is down about 6% th

i don't think tim cook is going to want to license to any android users.don't you think the guys at blackberry have to be a thinking, oh, my god, we let a great thing in blackberry messenger get away from us? >> this is the whole point, they can pounce. if they were willing to do something different this time, think about their market share globally for smartphones. it's getting destroyed by android. imessage can be a trojan horse. >> i need to get a bottom line, though, dan, let's say they don't license, would you be bullish, apple. >> melissa, there are some very fast-growing businesses at apple. some of their competitors, they're paying ridiculous multiples for. when you think of apple at $525 with a 2.3 dividend yield, it's cheap stock with fast growing businesses. >> all right, so you like it, bottom line, good. >>> coming up next -- they say one man's trash is another man's treasure, could that be true of blackberry. carter will tell us after this [ indistinct shouting ] >>> the s&p is at a record. not just blue-chip stocks leading the way, but they'

investor tim cook, if you want returns, don't buy the stock. was this irresponsible of tim cook? steve forbes weighs in on that straight ahead. >>> we're heading back to liz who is in mountain view, california. liz? liz: david, from this to this. boy from the early stages of phones to this this you couldn't search for what movie you were going to watch tonight. back on that old thing but you can on this. coming up we're talking to the israeli entrepeneur who start ad company that says super search me. the ceo of jinni is coming up live from mountainview, california. ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are with the mobile trader app. from td ameritrade. >> breaking news in washington as the obama administration allows another

tim cook angrily responding to a question. cook was asked if apple would stop devoting its energy to environmental issues. if you are a global warming skeptic, get out of the stock. if cook keeps alienating shareholders, ultimately this could hurt the company and the stock. >> this is never a good message to send to your shareholders. you should get out of the stock. some of it says apple's sustainability programs may not be good for topline growth that apple. tim cook said when making our device is acceptable for the blind, i do not consider that roi. if you do not believe in climate change and global warning, do not own apple shares. charles: it has been a real underperformer. in part because he is not steve jobs. ahead of return on investment. that is why people invest in your company. >> you have an obligation. you need to do what is in the best interest of shareholders. charles: at the end of the day, when steve jobs passed away, you have the ideology first. the irs scandal. does she know something? all eyes. the judge is

apple's attention, tim cook speaking out himself, cook giving an exclusive statement to our own beckyth some of the other books i read about apple. it fail a capture, apple, steve, or anyone else in the company. am has over 85,000 employees to come to work each day to do their best work, to create the world's best products to leave their market on the universe. i'm confident about our future. we've always had many doubters in history. they only makes us stronger. interesting and defensive, jon fortt is here. i'm curious about your reaction here. clearly this got tim cook's attention. >> it did but i don't think ukur icon vinced me yesterday. you don't need access to do a really insightful book on apple. adam taught us that. that didn't earn the same kind of response from tim cook. i don't think we know yet whether apple has been kind of keeping their powder dry. they're going to come out with a big product. clearly they had to shuffle some things around post-steve. it really is a different reality for them than when steve was around. in terms of cash, in terms of corporate governance.

stuart: is your book an implicit criticism of tim cook? you basically saying tim cook cannot and does not measure up to steve jobs, the innovator and great leader? >> well, that's a loaded question. [laughter] stuart: no, it's a fair question. you must have come to a decision in your book. you must have said one way or the other. >> you know, i look at it differently. i think that apple itself is in a really challenging time when it has soon in this huge growth. it's turned into this megacompany that dominates the industry. everybody's chasing them. and -- >> but everyone's catching them. >> well -- >> the point is maybe they're catching them because tim cook is like larry holmes tmmad ali. -- jobs wanted to win everything. tim cook doesn't mind losing here or there, he doesn't mind ceding the company's goals -- stuart: charles is asking my question again, is your book an implicit criticism of tim cook? >> no. no, it's not. i'm just saying he's a very different leader than steve, and so he, you know, it's -- apple's in a challenging positi

before we get started, tim cook called the reporting in your book nonsense.dashed a lot of the things that you say. he said the book fails to capture apple, steve jobs, or anyone in the company. are you pessimistic about apple's future? >> i just think that apple is in a place where there caught between not wanting to -- wanting to stick to the way steve jobs -- steve jobs' vision of apple and saying that apple has not changed, when everything an apple has changed. i do think it is struggling a little bit. >> it is struggling a little bit. tim cook is the ceo. a lot of people do not to know much -- know too much about him. what can you tell us about the way he manages apple for the new era? >> he is in operations executive. businessorder, driving as efficiently as possible. you do get the flavor throughout the company. an entire chapter to clay christiansen and disruption. apple started to listen to its customers a decade ago and got in trouble. our they listening to much to the customers right now? how much it is doing and what impact it will have is still t

some apple shareholders may be upset with tim cook. if you think it is junk science, dunk the stock. he wants nothing to do with you. richard branson agrees. while he told sustainability skeptics to get out of our stock, i would urge climate change deniers to get out of our way. too much is at risk, so deal with it or don't deal with us. now, why they want ceos to just shut it and focus on their business and not this stuff. it is interesting because the argument cook makes is that it is intrago to their business to be addressing this. you say what? >> if it is intragoal to their business branson should stop flying planes all over the world or stop using plastics. the more they have used the earth the better mankind has been. i can't tell you if the green stuff deal is a fad by thanks 90s clear trend or suicide cult because logical extension is man's extension. how else do you have zero impact on the earth other than getting rid of man altogether. neil: he is doing his part because all of his flight attendants are light load. mercedes,

tonight some apple shareholders might still be ticked at tim cook. remember him, the climate change lecture. that if you think it is junk science, just dump be stock because tim wants nothing to do with you. richard branson agrees quoting from the virgin atlantic founder from the blog. while he told skeptics to get out of our stock i urge climate change deniers is get out of our way. too much is at risk and don't deal with it and don't deal with us.no why they want ceos to shut it. focus on the business and not fc this stuff. it is interesting, jonathan, because the argument that cook makes, that branson makes, it is that it is integral to their business to be addressing this. you say what? >> neil, if it is integral to their business, branson should stop flying planes all over the world or apple should stop using plastics. the more mankind used earth thea better mankindrt has become. honestly can't tell you richard branson, whether the green stuff deal is fad like 1990s clear trend or suicide cult because the logical extension of the green movement

but in the end, now you have tim cook and as we finish up, is he the man to lead this company? he is the right man for today. it's just going to be a different company. you know, steve jobs was the center of this universe of apple as we know it. without him it's not going to be the same. liz: the book is called "haunted empire." our thanks to the author of it. "haunted empire: apple after steve jobs." fascinating things here. thank you so much. >> thank you for having me. liz: the closing bell ringing in fife minutes. more on adobe coming up. breaking news, they came out before the closing bell, i but it's a beat and a beat. stay tuned. see what's new at projectluna.com ido more with less with buss energy.hp is help. soon, the world's most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. multiply that across over a thousand locations, and they'll provide the same benefit to the environment as over 60,000 trees. that's a trend we can all get behind. those litt cialis tadalafil for daily use helps you be ready anytime

other books, in particular the one you're talking about, very negative in term of tim cook's running the company, even cook came out and said he thought that was off the mark. i have to tend to agree with that. the fact that they haven't introduced major new product yet under tim cook that's pretty mature to know how this turn out. as you know the iphone, the ipad, came years after their predecessor products. i think it's too soon to know how this plays out. i think apple's still got interesting ideas that are going to excite people. >> steve, thanks so much. >> thank you. >> pete. >> you know, i like this name but still unfortunately i sound like 2013. the more you hear of what steve's talking about, he's talking q-3, right, as far as the new phone, 6, that tells me second half story again. unless they start to use all that cash that all of us want them to use in various manners, for me it's not buying back stock. it's other ways to actually impact the fact of the margins, make those margins better by getting into some of that supply chain. they haven't done that, until they do that

tim cook promised new gadgets but did not reveal anything new. apple face down carl icahn he wanted an increase in buybacks. the company is sitting on nearly $160 billion in cash. cory johnson is with me as well. rudy standard fare. one thing that did check me was when asked if you could see into our engineering labs you would not be worried about anything. >> i will say that for all of the bluster that comes out the company in public events with apple is known for bluster, when a ceo says to a shareholder new things are coming, then he has to do it. you can talk to the press all you want and make themes up to your customers. you have a fiscal responsibility to shareholders. >> did he really say something? >> he talked about the success apple has had in their business, saying they have more money in the last year than any other companies than those who draw oil. they are the most viable company in the world. i would argue that it is not. >> there was also a shareholder that asked about apple's more aggressive policies. he says i care more about c

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meaning people are waiting for tim cook to come out.s apple tv, it's supposed to be a launch, nobody knows. how much time do you give them in a post steve jobs world to reinvent the business? >> it's not so much how much time we give them. look at the competition. you look at samsung, everybody is really nipping at the heels here. and they're coming out with new gadgets, wearable gadgets. it is the emerging trend, right, andrew? and so i think it's not what you say, it's what you do. and apple has to come out with some new innovative products very soon. >> becky, real quick, the answer to your question, the book is ranking at about 2,000 in hard cover on amazon, about 1,000 on kindle. it only has about 1 1/2 stars, which is not very good. >> yeah. and what i'll also tell you, bob hit on some points, but when the author has been asked this point, what do you think about this big company? the thing it still has going for it, it's still got the revenue coming in, it still has the massive sales, it still has products that are hot on these i

particularly interesting because out so high profile. >> and you do contrast notably steve jobs against tim cookif job was the star cook was the stage manager. and you say there's a healthier working environment and a more open environment internally. >> yeah. >> but still you raise that central question. is cook up to the job. >> yeah. you know, steve was -- was a particularly huge force of personality and so when you lose that, especially when tim cook at the polar opposite, how do you -- how do you compensate for that? i think that's a big issue. >> yukari, correct me if i'm wrong here, but your premise seems to be that apple is on decline because after steve jobs no one has the moral authority to take the risks that apple might need to take to drastically change direction. moral authority is kind of a squishy concept. are you saying that tim cook wouldn't have the support from the board, that shareholders would revolt, that employees or executives wouldn't back him? his glass door ranking is just two points below larry page, way higher than larry ellison. what do you mean? >> i just think th

tim cook ramping up pressure on record labels to offer new releases exclusively on ituness. will apple revamped the music landscape again? walker neil young tries to walking with his triangular and p 3 player and will investors have a more liquid be? the music begins on "countdown to the closing bell" right now. cheryl: we are three points from session lows, good afternoon, i am liz claman, the last hour of trading. the s&p 500 finishing lower today, it will be the first day of back-to-back losses since february 3rd. what is falling? we are looking at commodity, utilities, energy stocks on the screen, exxon mobile, consolidated edison and anadarko petroleum and the small-business optimism index we need to tell you about it fell in february to 91.4 from 94.1 in january, happens to be the lowest reading since a year ago. this is the national independent business's number that is historically associated with recession. maybe that is that were pulling the market down. also associated with below average growth, small businesses are crucial when it comes to job growth. investors p

you caught the news about tim cook made a comment about investors questioning all his climate changestments. even with no indication that you're going to get any bang for the buck. saying if you don't like it, lump it, sell your stoke stocks. >> he is asking for it. i find it incredible when ceo's like tim cook get political. >> he said a small percentage of the cash -- i know how to run this company. >> why would you alienate such a great part of your potential custom base? why would you say we're not interested in your money? if you're thinking about investing in apple. if, by the way -- not climate denier, and if you look at the science which is far from being settled -- >> i should disclose that apple shareholder, have been for decades. so get that out there. i don't think even the late great steve jobs, who was probably to the left of cook on a lot of these issues, would somehow blurred it with the company's mission statement. >> well, that's right. and, look en, when you're in business, donald you want every investor dollar to come in so sow can grow and improve. >> if you want

tim cook says this nonsense belongs with some of the other books i have read about apple.ture apple, steve, or anyone else in the company. apple has over 85,000 employees that come to work each day to do their best work to create the world's best products, to put their mark on the universe and leave it better than they have found it. this has been the heart of apple from day one and it will remain at the heart for daek kouds to come. i am very confident about the future. we've always had doubters in our history. they only make us stronger. this again despite a former "wall street journal" reporter who did some exhaustive research. it has stirred up some controversy because it comes to the conclusion that apple's best days are behind it, that it's gotten tougher at apple to innovate since steve jobs' death. tim cook reporting there are 85,000 people who are coming to work every day and showing up. >> we're running out of time here, but does he simply just dispute the conclusion that apple's best days are behind it or can he point to specific things? i don't know if you got

tim cook says mother load. >> bigger stream.llions of them but the size apple is -- liz: is there a name you adore right now. >> i like ebay, if you're looking larger cap names, ebay is a great asset. you could have potential of unlocking value in paypal. i have a partners that like ebay, mr. cooperman and mr. icahn. linkedin. i can stomach a high valuation for smaller market cap company really growing at a high, at a high clip. david: colin, you have the best energy in the world. you are terrific. i feel like i have played a set of tennis here. colin gillis. thank you very much. liz: thanks, colin. david: the chinese e-commerce giant alibaba is a powerhouse planning one of the the biggest internet ipos in new york. why is it investing more than $200 million in a silicon valley startup? which one? we'll be talking exactly to the cofounder of that startup in just a moment. liz: and the world's biggest coffee company, starbucks, has broad you up an alliance with one of the world's best-known celebrities. we'll tell what you is dri

>> let's get back real quick because i saw the tim cook stuff.ate deniers can sell the stock. that's really not what he said. what he said was if people think that all i'm ever going to be concerned with is roi, then they should sell the stock. he was sort of saying if i want to do something green or i want to do something here, i want to do something there, if all they want is stock performance or return on equity, that's not my problem. do you have a problem with that? i guess you've got your own problems. >> i have to admit, i don't remember him saying that. i think tim cook is doing a pretty good job. i hope there's going to be a lot announced there. however, i say this. that what i'm really object to, and people say, oh, activists are short term. i'll give you a list of companies, 15, 18 years. we've turned -- the companies we own in our portfolio. you mentioned imclone. and even there we got in and really turned it around. but we make these assets bloom, and we hold them for a long time. and so i don't know why tim cook was saying -- you ha

>> reporter: yeah, tyler, tim cook must be wondering at this point, where is the love on wall street? you know, apple stocks have been trading between 500 and 550 for months, causing some analysts to sour on the name. right now, 70% of analysts on wall street have a buy rating on apple. that might seem high, but it's actually very low for the tech titan. it's five-year average is more like 84%. but if you own apple, there could be reasons to cheer that lack of enthusiasm from analysts. for one, you could actually see this as a contrarian indicator. after all, in september of 2012, that's when apple hit that all-time intraday high of $705. 89% of analysts were telling you at that point to buy the stock. but what happened? we know the stock then nose-dived, 45% to a low of $385 in april of 2013. and if you own apple, you should be happy that buy ratings are down, because that leaves room for potential upgrades down the road if the company launches new products and/or services that really move the needle. there's, of course, speculation that apple will offer a wearable device, improvemen

. >>> tim cook said he would give shareholders a glimpse at new products and said he was joking.apple tv revenue surpassed $1 billion last year. >>> apple shares were down slightly on wall street as for the dow it closed down. >>> all hard working officers dedicated to this department. >> show of support for five san francisco police officers facing criminal charges. how they answered those chargewhat attorneys say about this case. >>> warning for verizon users new scam targeting customers and how money is being used as bait. >>> latest storm bringing more than headaches, tricky manoeuvring by rescuers to bring two men and one dog to safety [ sports announcer ] here's another one, alyson dudek. hales corners, wisconsin. nice pass by alyson dudek. can she hang on to that spot? and she does! [ male announcer ] with the u-verse wireless receiver, your tv goes where you take it, allowing inspiration to follow. ♪ [ dad ] looks pretty good, right? [ girl ] yeah. [ male announcer ] switch to u-verse and add a wireless receiver today. ♪ [ male announcer ] switch to u-verse and add a wire

and backed a plan awarding stock to employees and ceo tim cook says the tech giant will have will have an update within 60 days on its cash policies. and a far as new innovations. cook says its apple is investing heavily in it's next set of products and sold more than $1 billion dollars worth of apple tv set boxes, seaworld is questioning the ethics of an investigator looking into the death of one of its trainers. the theme park filed a complaint with the labor department alleging that an occupational safety and health administrator investigator fraternized with makers of the documentary black fish. the controversial film has caused several entertainers to pull performances from seaworld. bitcoin investors are suing over missing money. mtgox is being sued for negligence and fraud after hundreds of millions of dollars of the crypto- currency were suddenly wiped out last week. mt gox says a weakness in its system caused the losses. it has filed for bankruptcy protection. also, investment firm fortress revealed it lost 8 million dollars through it's bitcoin investments. and a rare encoura

the queen bee disappears, and that is a challenging problem. >> it would be hard to be in tim cook's s. so, how do you think he has done? >> again, you have to look at what temp did before. cook did before. he was the perfect partner if you have steve jobs. there is a yang yang. it is a difficult transformation. >> did you find that your own company? driving inhen i was my -- thriving in my career, that is one i have had the best experience, with the balance between your skills and those around you. >> what did you learn from steve jobs? >> innovation. you are recognizing here is something that is emerging, and there is a way to create new markets, new products, and served new needs that are not very well understood because you cannot do market research and prove it because nobody has heard of the technology at. gift to recognize the computer technology could be made accessible to everyday people, and have it be something that they use every day. >> what was the nugget from him that you then applied? you left apple and started electronic arts. >> i had always wanted to apply computer

should a guy like tim cook care about the integration -- the innovation?to me is that apple has been extra nearly innovative. they are secretive. they don't tell you three years in advance what their innovation will be. they have exciting new products. he says, we don't do small things. people talk about a variety of different things. until they actually come out with something, people can't innovate on a whim. it we have to leave it up to them. >> how much do you pay attention to what's happening whethernally at apple? sticking to what they know or broadening. >> apple has done a good job. they are extremely well focused on their ecosystem. they don't get distracted by a lot of peripheral things. >> are they blue-chip stock? how long does it take for a itune -- when does the ey iphone six come out? next year. what is bill miller's definition? >> by my definition, they are certainly a blue-chip stock. they are a high-quality company with a distinguished history of animation. hows hard for me to see they're going to get disrupted. >> hard to get disrupted.

his when he was asked about visit with tim cook, he said he learned that apple was in israel for a veryd reason. the prime minister says that he wants more. get all oflike to the venture capitalists, investors him and technologists to come to israel and see how they can find soulmates, but actually entrepreneurs and technologists to cooperate with them. you do not insulate yourself and you do not closed -- cloister yourself up in this world and preferably you open yourself up to the smartest brains you can find anywhere on the planet. that's what we think we have in israel and their other places like that. california and israel are two of the greatest tubs of technology and entrepreneurship. >> we have seen a lot of little companies get acquired before they ever get to any size. is that good or bad? when you imagine her economic goals? -- your economic goals? fine.ll googles would be that requires marketing reach. you have green people who develop startups. it used to be that if they sell a $100 million, they were wildly successful. soon they were so if you billion dollars. sell at if y

tim cook has been walking back the language about a larger iphone as well.alking about mainly the technological challenges in making the number of screens of the quality that they would need in order to do that. of course, they're working on sapphire glass as well. there are all sorts of advancements in the components that they could point to as saying, well, our real problem with it was we didn't think we could do it with high enough quality, now we feel we can. >> thanks for giving us the skinny on what's going on with the potential new iphone. what does it mean for apple shareholders? let's try to find out. do you see this as a game changer? >> i don't know if it's a game changer but it certainly is necessary. we've already alluded to the fact that apple had stubbornly clung to the idea that a smaller handset is the way to go and makers are proving that's not a case. i used to own an iphone. i myself bought a larger droid because i wanted the larger screen. this is a very, very cheap stock. that said, i don't think that an iphone six is going to take that

gilroy california often told to washington with president brock obama as old son at the apple ceo tim cook and confound our next dig out some more soft not include looking to drum up more silicon valley investment in this trial during two thousand and thirteen is right holly tech companies price to two point three billion dollars per month local and foreign investors the highest amount in the sky up twenty two percent from the previous year. as rumors swirl but former secretary of state ellery clinton is planning to rent for us president in twenty sixteen former diplomat and first lady tried to clarify comments she made this week that left the impression that she compared her dress and present letting your kids in the dictator in october and as for president putin. i know we are dealing with the tough guy with a thin skin. i've had a lot of experience. well not only with him but people like that the company in particular president clinton. and i know that his political vision is of a greater russia. i said when i was still secretary that down. his goal is to read soviet times. russia's per

california often told to washington with president brock obama has oversight meant that apple ceo tim cook and confound our next dig out some more soft not include looking to drum up more silicon valley investment in this trial during two thousand and thirteen is right holly tech companies price to two point three billion dollars per month local and foreign investors the highest amount in a tough tie it up to twenty two percent from the previous year the yesterday at psalm forty two thousand when he suggests that one in the band had recorded some kind of existence aged fifteen and one in ten women have been victims of sexual violence dubbed the largest of its kind the coldest of the ditch effort to teach extent of sexual violence and harassment experienced by some one hundred and eighty six point six million men in any use twenty nations the survey which was conducted by the us agency for fundamental rights also provided surprising results regarding countries which of my gender equality. nearly half of the surveyed women in sweden denmark and finland suffered violence is the key to fifteen

now richard branson tim cook are saying not so fast. should be thinking but these kind of things. in fact richard branson say more companies should follow what apple is doing. but i got all worked up looking at richard branson's footprint. let's tape omak kee keep in mins preaching more businesses should be green has more than five states and homes across the globe which he does not fly commercially. he has multiple private jets, sometimes maybe only one flying on that jet. many cars when he gets to those destinations, so his footprint is huge that might look a little bit hypocritical to hear him talk like this. stuart: there is a movement called conscious capitalism that poses a great threat because you have all of these big guys saying avocados are going to go out, whole food is on the bandwagon. what they are ultimately trying to do, get corporations to do things that are not in the shareholders best interest in this is using the guilt trip matter how hypocritical it is. stuart: the market making no news for us. the dow up 10 points.

turns out the company may not be quite as green as tim cook wants it to be seen as.ps they may make iphones with hazardous chemicals that threaten the health of factory workers in china. again, charles, think that is tempest in a teacup, they're going after anybody who is available. charles: for what you the high, moral ground as it has a need to stand on. speak in his issue that can help the company and shareholders, you will be out there. google sucks up most energy than more small companies. played a p.r. game, they know how to point fingers but a high behind the fact they're just as big as anyone else in this eco-terrorism. stuart: i take it all back. republican winning the florida congressional race even though he was outspent 4:1, but he did indeed campaign against obamacare, and he won. do you think the obamacare problem for democrats runs all the way through until november? does it have the legs? >> it is just around the corner virtually. stuart: six or seven months is a long time in politics. >> not in politics today. obamacare has been front and center. the

believe it or not, this is tim cook. >> it is not! yes, it is!a tight haircut? >> he could rock the fro. >> you should channel that, seriously. >> this is why we love the yearbook game. i am not sure who the winner is. but there is a guy who nailed it right after we showed it for the first time. >> there you go. i got it wrong. adam, you got it right. tim cook, keep it real and let that fro go. >> have a great monday. have a great weekend. have a great monday too. upon us.madness is we are going to do a whole hour on the business of racketology and the ncaa championship, probably apologizing all our long. last time i voted against you and you did really well. >> we are going to end the week with "on the markets," and breaking news from scarlet fu. word from got bloomberg that alibaba is preparing for an ipo that could happen as soon as next month. as soon as april, specifically. his may or may not be a u.s. listing. alibaba had been considering a hong kong listing as well. i hong kong spokeswoman said the company has no specific timetable, and ha

. >> there's a misconception that tim cook needs to be the next steve jobs.can't be nor does he have to be. steve jobs built a tremendous, loyal following that tim cook just needs to leverage that enormous asset base. incremental innovations are really going to move the needle -- >> you tell me what products has he come out with that are really exciting. tim cook. >> it's not what he's -- it's what he's going to come out with. >> the future. oh, yeah. the future, yes, we've -- >> next you're going to tell us -- is your only reason not to buy apple a technical one? there's going to be some fib notchy retracement down? i really don't understand where you're coming across on the negative. >> my god, when you're losing market share, that's not a negative? when you're losing profit margins, that's not a negative? when you have 70% of the analysts on wall street still being bullish on the stock, 70%, i wouldn't touch apple until 10% of the analysts were bullish. that's the place to -- >> that's never going to happen -- >> when 89% of the analysts were bullish on th

. >> those who follow apple closely may know the ceo, tim cook is a fan of duke basketball.avitated toward apple tv relatively early on. are all of the signals that sports make their way to apple tv? >> i hope so. what i can say is, you know, not that long ago where the consumers' perception of what have, from that to streaming movies thanks to large streaming service providers like netflix and hulu. we are seeing sports. that is where the important point is, where to the broadening of the type of content available. ultimately, it makes it a very exciting into the next three years to look forward to. >> what ultimately is the real game changer? there have been discussions that google may want to acquire nfl sunday ticket and that cannot happen. it still sucks you have to see a very big, very pricey deal cut and an a sports league technology player for everybody to really shift their focus away. >> yeah. sports rates are extraordinarily -- rights are stored in early expensive. rights are extraordinarily expensive. you cannot just walk in and do live sports. i do not expect th

tim cook is focusing on green investment others are focusing on winning. what about you?w do you feel about getting kids pumped up and eating help they? -- healthy? >> fruits and vegetables are delicious. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. >> okay. the '80s called. they want to their store back. neil: they called again and they want more stores back. after the comeback now announcing 1,000 stores will be closing up initially from a 500 expected. i did not realize they had that many stores. >> i thought the same thing. but the super bowl ad is going forward. they ditched the '80s it was amazing. a end this is the first step forward. >> too little too late. they are squeezed between big box and online retailers there is no place. it reminds me of circ

tim cook gets all the credit for the difficulties of manufacturing thing on a global basis, something we have never seen before, and getting that distributed without having big inventory problems. this is a financial component to that that is just as difficult as the hardware component and oppenheimer managed that seemingly -- seamlessly. methey said that when they luca they knew he would be the successor. what you look for in a cfo? >> you want someone in a public trumpeting -- public company that the public will trust. that is a critical thing. they think about the problem of too much cash? that is the question investors want to know from that cfo. that is not just his decision. that is tim's decision at the end of the day as well. he does have quite an extensive resume. he was cfo of xerox, g.m. europe. when you look at a guy that has only been an apple for a year, what are your questions? withs background has dealt complex financials. it brings a lot to the game. apple is going through a. of transition as far as having too much cash on the balance sheet. restructuring as far as ha

. >> those who follow apple closely may know that the ceo, tim cook, is a fan of duke basketball and is also a big fan. saw espn gravitate toward apple tv relatively early. are these signals that more sports, maybe more basketball will eventually make their way to apple tv? >> i hope so. ago where that long the consumers reception -- perception of what was possible on a streaming device was cap videos and kids falling off their skateboards. we have gone from that to streaming movies thanks to some very large streaming service providers like netflix and hulu and now we are starting to see sports and i think that's where it the importance is that we are starting to see the broadening of content on streaming platforms. ultimately, that makes this a very exciting next few years to look forward to. >> what ultimately is the real game changer? there have been discussions that google might want to require nfl sunday ticket and that did not happen but it seems like you have to see a very pricey deal cut between some sports league and some technology player like apple or google for everyone t

tim cook shot the book down saying it was nonsense. where are things with the cable ?ndustry, time warner cable what is the latest? >> apple has been talking to cable companies since 2007. talked to comcast about doing something. those conversations have continued. essentially, what apple was thinking they would do was become a set top box that your cable would come through. there is a very lucrative business now for the cable companies, the media companies. they move slowly because things are working out just fine right now. >> i know you will keep us posted. thanks so much. facebook is investing in drones and lasers to help deliver internet to underserved regions of the world. they call it the conductivity lab and it has wrought in an aerospace company to help with the project. joining us now to discuss is sarah. facebook is on a tear. lasers and rounds? what is going on. >> lucky for investors, this acquisition was less than $20 -- 20 billion dollars. what is interesting here is this is really a huge product for zuckerberg. is looking long term. he is realizing that

tim cook with 92% approval. mayer had 79% approval rating, ranking at number 49. $280 million. that is a massive investment. alibaba bought tango at a valuation of a billion dollars. >> with all the attention about the mobile messaging space, i think we really felt that we needed to be prepared and capitalize for the long-term. bringing in a major investor, it is almost like inheriting a crystal ball where you can look into the future and see what one-year or two years down the road is going to be like. there's been so much innovation over there. >> a lot of attention is being paid to ali baba. i think the ipo will open the market to see what ali baba is. do they see this as a way into the messaging market and internet market? >> i think people are realizing how strategic mobile messaging is. these are apps that you are checking 20-40 times a day. there is great opportunity to grab the mind share of the consumer. >> i wonder if this opens up the chinese market to you guys in a bigger or more meaningful way? >> i

tim cook received a 92% approval rating. ranked at number 49.vestment an evaluation of more than $1 billion. cory johnson spoke with tango cofounder and cto eric. take a listen. >> i think with all the --ention about the muzzle the mobile messaging space, we needed to be repaired for the long term -- beep repaired for the long-term. prepared for the long-term. there's a much innovation in that space. it fit perfectly. >> there's a lot of attention on alibaba with the ipo. do you think they see this as their way to get into the u.s. messaging market? >> i definitely think that people are realizing how strategic mobile messaging is. these are apps that you don't just download and forget about. apps that you are checking when he-40 times per day. -- checking 20-40 times per day. >> i wonder if this opens the chinese market to you guys. >> it absolutely does. startup, we valley have a presence in beijing china. we have an office over there. a presence in china is limited. there.we expand over we want to compete globally. china is a mega market. >> w

we simple balance sheet issue we just wanted to get to budget of ledger, apple all about profit, tim cooknows, he it not make $40 million last year because apple is not about profits, a lot of their green initiatives are green washing. neil: i would be open to and of this just as i think you were getting at, if you have a green strategy that is going to make shire holders green down the road, scpu ca you can see the light at end of that tunnel. fine, but for you to say, or question, it is note all about return on investment, you know get that out of your head, i should get -- this is from a guy whose company makes great products, part is all about all that is all about capitalism. >> it is all about capitalism that is part of our message, i had to bus him on the fence -- put him on the fence, would he go green route or media route, they have a great public relations campaign, why is al gore on the board. it is because it makes company look green. why did they hire obama's former head of environmental pro protection agency, lisa jackson, but it makes company look green. neil: i wish we had

tim cook is focusing on green investment others are focusing on winning. what about you?w do you feel about getting kids pumped up and eating help they? -- healthy? >> fruits and vegetables are delicious. in the new new york, we don't back down. we only know one direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com coach calls her a team player. she's kind of special. she makes the whole team better. he's the kind of player that puts the puck, horsehide, bullet. right where it needs to be. coach calls it logistics. he's a great passer. dependable. a winning team has to have one. somebody you can count on. somebody like my dad. this is my dad. somebody like my mom. my grandfather. i'm very pround of him. her. them. >> okay. the '80s called. they wa