>> the latest from tim cook and also a stock that moved 13% in a single day today. the ceo of unilife. >> sounds like a good lineup. >> "fast money" starts right now. live from the nasdaq market site, i'm melissa lee. huge day for apple. officially becoming the first history to close the day with a $700 billion market cap and unveiling a new partnership with first solar. the new headlines straight ahead. >>> tesla in trouble? january sales numbers are in. iran musk was threatening to take action because the numbers were so slow. one guest says the bottom is still not in. let's start with apple's historic day. courtney reagan has the latest. >> that's right, melissa. less than an hour ago, tim cook wrapping up the lunch keynote here at the goldman sachs technology conference. there was a lot of headlines that came out. i want to start with one moving the stock beyond just apple. tim cook announcing a partnership with first solar to build a solar farm in monterey, california, not far from here. apple will also be directing some of their energy needs from this solar fa

maybe tim cook will buy it.asketball has become a foundation tenant for a lot more than just television. for the clippers, they are a tenant at staples. they have the opportunity at some point to go out and build arena. to build whatever they want to build around that, get a tv deal. basketball has gone from being a franchise to an nba team eating a tentpole. that's what raise the evaluation. >> when you bought your team, was it a passion project? in hindsight, that's an investment. >> it was not an investment. as a longtime suffering dallas mavericks fan, we were voted the worst professional sports franchise of the 90's. i just wanted a winning team. it was the opening night of the 99, 2000 season. we were undefeated, it wasn't a sellout, and i said i can do a better job than this. that's what happened. >> we have the hawks, right now, a lot of interest there. a lot of people looking in the lake dodgers and clippers also looking there. the brooklyn. different situation, but people i talked to in the sports inc.

i've seen tim cook speak quite a lot. parts of the speech were similar lines he used at the goldman sachs technology conference. that was the best i've ever seen tim cook speak. really powerful, in speaking to his own personal experience, and how perhaps why that motivates apple. i'm just seeing some of the context. when he talks about apple not using the data they are gathering not keeping it or knowing it, and not minding it or interest in. it's counter to the way a lot of companies in silicon valley or purging data, when they look at the acquisition of data as a way to know what they want saying we are getting close to customers and find out what they want. you can hear that as a shot against google. google has the google wallet, and the google android phone. google is mining customers e-mails to look at the things that people talk about target advertising to them. when tim cook comes up that we don't do that and we think that's damaging to the way the people live their lives, threatening even to their lives, it's a ve

tim cook was here. of ceos chose not to be here and companies that had a contentious relationship with this white house about nsa policies. do you think the white house has learned how those policies are civil liberty concerns and also hurting business? >> i think the president plenty of dialogue about that but we need to engage in the conversation. i think the president is well aware that some of the activity that has been done like with edward snowden -- let these business know that the government was in their data. >> say what you will about him he let these businesses know that the federal government was sneaking around and taking data. we have heard repeatedly whether it is from hewlett-packard or cisco or microsoft, that customers are wary of doing business with them because they are based in the u.s. because of that nsa and white house policy. >> we are seeing governments in europe are a little more reluctant to engage companies. we have to adapt our business to become cognizant of that. it is im

that is where tim cook wants to be. he has had a lot of success since he took over and painting himself as an advocate for apple customers. >> he said a couple of times yesterday at apple, we believe we should leave the world a better place than where we found it. he said that a couple of times and i wondered if that was more tim cook and less steve jobs. >> perhaps. i will admit to a little eye rolling when i hear things like that. >> i'm the senate on this show. wait a minute. i am the cynic on this show. >> i feel like he lost his interviewer, gary cohen, the -- tim cook stays on message. that has been his message for some time. i think the customers believe it. certainly, investors love it. the share price on apple has passed the 700 threshold. >> back to the solar issue, in terms of leadership, i wonder what this means. apple is a company like no other. it has a bigger market cap than any other company has ever had. might we expect other companies outside the power generation business to get into power generation,

how do they feel about tim cook and apple?love apple. >> they are trying to shape the narrative. we see the spending and lobbying has dramatically changed since the days of steve jobs. the silicon valley approach might have been customers have a right to know what their blood level or sugar levels are very with her dna is, whether health information is. we are not going to involve the government. i think this apple is more mature, recognizing the need to deal with the government to keep the government off the back. >> those are important questions, and if i were governor official, i would wonder about that. but how about the goodies he has to hand out? the new plans and ireland or denmark? >> apple has a lot of money socked away and global centers they compete to keep it there the same as the u.s. government busting his chopds to read history those assets. >> you know the only chops they get busted here are yours. cory johnson, "bloomberg west," editor at large. we will be back, talking greece. ♪ >> coming up greece's prime mi

what's impressive is relative performance, share price, since tim cook took over.riticized very wildly and he's turned things around without even launching a significant new product. it's turning around the core offering. particularly the iphone. >> all eyes on the wearables. also interesting to see tim cook making that announcement that they're investing in a solar farm. it will be enough to solar power 60,000 homes. diverse also the exposure to the energy space. >> are you going to buy a smart watch? >> the jury is still out. i want to test it out and see how it fits. does it fireworks my very fashionable attire that i have. >> very important question seema as well. we wouldn't want our viewers being disappointed by your appearance. not that that is possible of course. >> thank you. nasdaq is one of the out performers in yesterday's trade. take a look at u.s. futures. the dow down about 28 points. s&p showing a loss of around four points in premarket trade. of course greece continues to be not only a concern here in europe but u.s. investors also watching the neg

tim cook talked about that as well.e a listen to this. >> we are building or partnering with first solar to build a solar farm in monterey county. it's enough to provide renewable energy for all of our new campus. we expect to have a very significant savings because we have a fixed price for the renewable energy. >> talk about a company, jon, thinking way ahead. >> apple is at the scale now where the things that they do internally to save money, to be efficient, actually deliver an enormous return. so when they do these solar projects and fuel cell projects at their data centers that's huge. when they're doing this project to offset their energy expenditure for their new headquarters which is going to be guy gantic, the spaceship headquarters, second building in complex in cupertino, that's huge there. big enough to create their own markets, not just in product, but also in infrastructure. so now there are calls for other companies to follow their lead but not a lot of other companies have $850 million to spend on somet

that's all coming up on "fast." . >>> apple ceo tim cook and president obama heading up a cyber security summit. apple's stock rising after cook said the government would be accepting apple pay. have a listen to what he had to say. >> we can bring about a future that fully embraces both privacy and security. we must get this right. history has shown us that sacrificing our right to privacy can have dire consequences. with apple pay, we put in place a mobile payment system that is significantly more secure than the old days of the plastic card and the magnetic stripe. this is another product where security wasn't an afterthought. security was part of the reason we developed the technology in the first place. >> that was tim cook. guy, i thought he was a little fired up there on the privacy. >> that was fired up? i mean, thank god he's a good ceo because he's not going to make it as a public speaker. that was brutal. >> or maybe he was trying to express a point. >> he did it well. maybe we'll have him on one day. but we've been talking about cyber security for awhile. in the stock that's p

apple's tim cook, for example, knows it. he's been borrowing money and buying back shares at apple because he understands that his stock is much cheaper than most people realize. in an era where the average stock sells at about 18 times earnings, it's out-and-out ridiculous that apple sells at a merely 14 times earnings given its balance sheet, sustainability of earnings, breadth of product and wondrous engineering. i think apple is being held back because of skepticism. the first stock to ever hit that level. i say wait a second. three years ago, people were skeptical about apple's market cap when it eclipsed the total value of the entire stock markets of spain and portugal. then last year apple drew skepticism when its value exceeded that of the russian stock market. now i'm hearing concerns that it's well above microsoft and google combined and that's not right. i'm calling bs. these comparisons remind me of what babe ruth said to be -- said to a critic -- what babe ruth said to a critic in the press, who questioned how i

i have no idea why. >>> tim cook says sitting is the new cancer.y apple watch does. dr. siegel agree with that. >>> later, dr. ablow on the little league team that had to forfeit championship. why do adults teach kids it's okay to cheat? startup-ny. it's working for new york state. already 55 companies are investing over $98 million dollars and creating over 2100 jobs. from long island to all across upstate new york, more businesses are coming to new york. they are paying no property taxes no corporate taxes no sales taxes. and with over 300 locations, and 3.7 million square feet available, there's a place that's right for your business. see if startup-ny can work for you. go to startup.ny.gov. . stuart: turns out eggs are not so bad for you after all. the government's changing guidelines on cholesterol after 40 years. come on in peter barnes at a diner in alexandria, virginia, is everybody cheering there, peter? >> reporter: they are cheering how do you like them, my brother, scrambled? overeasy? do you want an omelette? you want to hear celebrati

why is tim cook traveling the world so much these days?>> this is news you need to know. we have a new role -- new world record to report on, and that is, in baking eating. -- bacon eating. roughly 28 pounds, and he's considered no amateur. he is one of the top two stars on the major league eating tour. cory johnson, our bloomberg west editor at large. before we get to tim cook and why he is traveling so much, are you a bacon lover? >> i was until a 20 seconds ago. how could you take the fun out of bacon? that is a record. crack i know, by eating 86 pounds of it. that is how you take the fun out of it. >> i believe every meal should have a sacrificed pig involved but that ain't right. >> there are real efforts to sell the apple watch all over the world. this comes as apple ceo tim cook is said to meet in brussels today. why is he traveling the world so much? >> is a different -- it's different for apple, and not just because they are cash forward. the release of the apple watch was said not to go beyond the united states, but we are gettin

he loves what tim cook is doing. that they're planning to give more cash back to the shareholders. waiting on the new watch and other products from apple indeed. with his six and a half billion dollar stake, this is something he wanted cash back to the shareholders. they did a bond sell yesterday, he's cheering and touting apple. $216 is where he believes apple is fairly valued. i believe, as i was looking through it, i don't think that incorporated the television idea of apple. so they certainly think it's valued -- it has so much more value to go. >> surprise you, nicole, if i said since the ipo of 1980, the market cap of apple is up 51,000 percent. >> i was about to say, how will she calculate this one? wow. exactly. i'll just take from the summer of 2013 when it was 55 bucks to now. liz: i know. >> unbelievable. liz: it's up 140% since tim cook became ceo. for everyone who was naysaying his abilities, that's a positive for him. we want to quickly mention, it's not just apple, but a whole bunch of halo stocks like

you're looking at tim cook ceo of apple addressing the crowd there. both gentlemen talking about the issue of cybersecurity with the goal of clamping down on major hacks. good friday morning. thank you for joining us. i'm sam brock. >> i'm kris sanchez. all eyes are on the bay area because president obama is planning to sign an executive order related to cybersecurity in addition to giving that speech. >> that move is expected to beef up protection for both the public and private sectors, allow them to communicate better from growing threats. bob redell live at stanford right now where we're waiting for the president to speak. there's a bright spotlight on the issue right now. good morning. >> good morning to you, sam. if you look down there behind me you can catch a glimpse of his motorcade coming here to stanford university and off camera, there is a crowd of people waiting his arrival. let's take a live look inside the stanford memorial auditorium where the president will speak and sign an executive order urging companies, especially tech companies

tim cook didn't buy another smart phone maker.his was equivalent of another smart phone maker. >> mcdonald's is going to have make some moves in the next several years. >> what is the price differenti differential? >> but here's the thing, in new york city, it's a great example. they have them in places where people are going to go. they have them at citi field. there's a reason why mcdonald's aren't in sports stadiums because the food is not particularly good. people will probably spend $10 for a higher quality burger. so i think you keep the mid to low level fast service brand and then you really focus on this quick service brand. >> why can't they just make this a better burger? >> because people won't buy it. >> i hear you from the mcdonald's standpoint. why would shake shack do it? just for the money? >> there's no value. >> what kind of return would this be? danny meyer on the board. redo burger fast-food. that's really what they'd be looking to do. >> when pete said it's a tasty burger, what reference was that, quick? >> "p

i don't think tim cook cares if other people get attention, obviously.let a lot of executives out of the cave where you never saw them under jobs. he doesn't have a huge ego. i don't find him to have a huge ego. fine to put people like jony on display. he's been an important factor in the success of apple. >> i have to argue a key bet tim cook made was putting jony iv in charge, he pushed scott forestall aside. >> controversial at the time. finally kara, you had a great lineup at the code media conference. headlines, names like chernin and bain and mark cuban. the dallas mavericks owner had interesting things to say about net neutrality. listen to some sound. >> it's hard to say there's never a role for government. trying to introduce things that don't need to be introduced. some people would say we want to keep it the way it is so it doesn't change. i've talked to the commission, presentations in front of them over the last 15 years and they change every few years. they're politically appointed. the uncertainty associated with that applied to the inters

president obama joined tim cook, bank of america, like brian moynihan, this happened at the summit. it's to tackle whether isis hacking into centcom. that happened a month ago. or you have businesses such as insurance companies getting hacked and millions of people's information stolen. let's put this up to debate. tom, who is a true expert on all of this when it comes to cyber protection. tom, you heard about this executive order. does this solve any problems? >> it's a step in the right direction. realistically we need legislation. we need greater information sharing. we need a data breach law to mandate reporting. we need greater investment by both the private sector and the government into security and response. liz: and response. okay. why if i'm a company do i want to share any information not just with my competitors, but also with the government, with the nsa drama that happened and there were leaks and all kinds of issues about surveillance, people lost contracts with foreign companies, wait a minute you're allowing them in. even if you don't realize it. >> we definitely ne

we had from tim cook and from president obama. tim cook comes to the cyber security summit but he wanted to talk about privacy. he said that if we give up our right to privacy, we give up more than just security we give up our whole way of life here. so a different emphasis there from tim cook maybe some veiled comments aimed at the federal government directly. president obama just finished speaking here and his comments very much focused on that cyber security piece. obama really emphasizing the dangers out there to the nation's infrastructure. take a listen. >> foreign governments and criminals are probing these systems every single day. we only have to think of real life examples air-traffic control system going down and disrupting flights or blackouts that plunge cities into darkness to imagine what a set of systematic cyber attacks might do. this is also a matter of public safety. >> so, guys some scary comments from the president of the united states but it wasn't all doom and gloom here. the president took some time out to

lots of headlines here out of this conference from apple's ceo tim cook. you, simon and sara. >> was that the hedge fund manager david tepper leading him around? >> oh i'm sorry, i don't know. if it happened right behind me i don't know, i didn't have eyes in the back of my head. but moderating the conference was gary coen. >> okay. >> it's gary coen. >> good clarification. otherwise you'd be watching tepper with increased interest. thanks, courtney. >> coming up we'll hear from one investment adviser who is flipping conventional wisdom on their head saying people in their 20s should not load up on stocks to save for retirement. we'll find out what they should be doing. >> first, sue herera joins us with a news update. >> hi, so i simon. greece's foreign minister took his government claims to berlin and received a clear rebuke. the germans saying all reparation issues have been judicial. >> you dishlly settled. russia needs to cut its budget by $8 billion in 2015. the country's economy is being battered by falling oil prices and economic sanctions from the

. >> tim cook is here and he's certainly engaged in a really serious discussion with the government about have increased their encryption and despite to do so despite criticism from the fbi and other government agencies and they have been just as strongly saying tim cook said you're going to have to take us out in a box to give up this information. it's going to be a continuing struggle between these companies and the government over exactly what the government is pulling out of them. they are very concerned around the nsa stuff. but tim is here and runs the most powerful company in silicon valley you could argue. >> eric schmit not there but they have tim cook which is significant. let's pull back to the overall cyber security policy. the white house has been pushing so hard on this just this week they announced the creation of a new national cyber security communications information center and last month the administration proposed legislation to protect companies that share that data with the government, whether that ends up being enough in the eyes of companies, we shall see. but over

exactly what tim cook talked about, don't sacrifice privacy. share ideas with the government but don't share actual stuff you have got on your customers. david: peter barnes in d.c. thank you very much. liz: thank you, peter. >> you bet. liz: u.s. stocks, what a day, entering the sixth year of the bull market. we want to know where is the next bull market lurking? is it in sector? overseas market? maybe alternative investment? our super smart panel has some answers. david: plus, we have a sneak-peek for you. blackrock's weekly investment notes usually hit the presses next week. we have special preview what is in it today. blackrock's russ koestrich sharing their latest investment thesis. tips you wan use do to make you money on monday. liz: food stocks, many are giving investors heartburn with names like kellogg and kraft serving up cheap earnings. is it time to shelf those stocks at least for now? ♪ ♪ i'm almost done. [ male announcer ] now you can pay your bill... ♪ ...manage your appointments... [ dog barks ] ...and check your connection sta

. >> right after the i foep 6 was revealed, tim cook told charlie rose this.there are products that we're working on that no one knows about, yes. that haven't been rumored about yet, yes. and part of some of those are going to come out and be blow away and some of those will probably decide you know that one we're going to stop. >> how likely is this to be one of those scrapped initiative? >> it's so hard we're not inside infinite loop at the apple headquarters but apple does a lot of exploration, even if apple never builds an electric car, all of the devices would benefit from foundational research and how to improve rechargeable batteries, everything needs to be recharged today. i would certainly love for an improved rechargeable battery. even if apple never makes a car, if it makes some advances in lithium battery technology, that would be a boom for all of us. >> how much for tim cook? >> at least in the first couple years of his tenure is under the microscope. i think investors were looking closely to see if he was going to be able to deliver something a

we have got tim cook giving the keynote at lunch. tomorrow, marissa mayer from yahoo!dick costolo from twitter. we have got a great line up here on bloomberg tv. we have got matt maloney, the ceo of grub hub. his big competition yelp just acquired one of his competitors. stay tuned, we have a lot of good stuff coming from the conference. >> those are some big names. pandora finds itself in a big court case that could determine its future. they are facing off with bmi. they represent 650,000 songwriters and publishers. bmi says that they are trying to present themselves as a terrestrial radio station. they are even buying a radio station in south dakota. they argue that pandora's reach is much larger than any terrestrial radio station, the 81 million listeners, who are not most of them in south dakota. this comes after pandora one against its rival organization. joining us is the ceo of the future of music coalition. to me, this is existential for pandora. they cannot survive unless they can get lower rates of music. >> that might be the case but it is true that this is

tim cook making bold new convictions. we will tell you what that is.ollowing the clinton money trail. smart money. a lot of answers coming up. >> we could have had hillary here. we could not find a foreign nation to foot the bill. [laughter] when the moment's spontaneous, why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision or any symptoms of an allergic reaction stop taking cialis and get medical help right away. ask yo

i don't want to give tim cook too big of a plug here. >> yeah.until i've seen the product. >> that is an endorsement however you look at it. interesting stits sith down interview between kara and the president from the toys of the leader of the free world to toys that might be in a home near you. 2015 toy fair to hear from morgan about the tech on display. morgan? >> and kayla, there is a lot of tech. drones are not just for adults anymore. we have a number of companies peddling these aerial devices. this is odyssey's neb beulah cruiser. that company has more than two dozen models on sale. these are drones moving from the air to land. another company to check out is onkey drive. this company makes toy cars part toy and really part video game maker. these cars don't fall off the track because the track reads code. this is a company that had an exclusive deal, distribution deal, with apple until last year. since then it's become one of the top selling toys on amazon and in toys r us. in terms of smart devices, v-tech rolled out a couple goodies. th

his cyber security speech follows one by apple ceo tim cook and later today, the president will signort of best practices executive order. which basically means guidelines for how companies and government can work together on the issue. now if you know anything about hacking and cyber security then you probably remember last year's hack attack on sony pictures and the company's initial decision not to release the movie "the interview" as a result. or perhaps you've been a victim of the growing number of hacks targeting the companies you do business with which have exposed people's private data to potential fraud. it's a major threat but here's the problem. no one knows exactly where it draw the line between policing and privacy. today's speech and executive order along with a bill the white house proposed last month are an attempt to regulate the safe flow of information in a swamp of data that grows every time another smartphone, smartwatch, smartappliance, or smartcar is sold. the editor and chief of cnet connie, what are we expecting to hear from the president today and does what

thank you very much, everybody. [ applause ] >>> ladies and gentlemen, please welcome apple ceo tim cook. [ applause ] >> good morning. >> good morning. >> and thank whoever made that warm introduction. it's really great to be here with all of you at stanford today. i appreciate president obama's invitation to discuss these important topics. i also want to acknowledge secretary pritzker secretary johnson, lisa monaco and jeff zites. i'm grateful for the opportunity to join them in discussing privacy and security. at apple we design products that change people's lives. we believe in the power of values to shape history and we strive to live those values every single day. we believe the country that made our success possible should be the land of opportunity for every american. that's why we support president obama's connect-ed initiative to equip underserved schools with cutting-edge technologies. it's why we're committed to hiring american suppliers and it's why we're manufacturing more of our products and components in the united states. in fact our products and innovations so far have

if it's a tim cook day that could make it through a regular person day as well.ig story the note iffycations will have more if filtering. if this is buzzing every time you get an e-mail or primary inbox e-mail it will be too much. it would make it much more usable. >> what do you think we're going to see on the 9 snths. >> pricing. availability. so many options now. rumors on-line about how much the gold one could cost. more specificity. >> and partners. >> developers. >> who's got the apps. the big name companies that have the apps out of the gate. how exactly will the process work of using apple pay with this. i suspect to see all of that in grand theater on stage. >> precedent for this and the rollout of some of the apps and software that will run on the apple watch, do you get the suspicion it will be largely in beta form, won't be perfectly ironed out for the first few people who end up with the watch? >> my gut tells me it will be a version 2 or 3 that opens up the mass market for this thing if that happens at all. think back to the ipod, president first on

this is all tim cook can do.im cook's company. >> when they have to stabbed on the shoulders of giants they have to follow what somebody. >> finding his own way to define success. steve was brilant as a marketer. brilliant as an innovator. cook has done that. >> i think that's all him. >> topic two now. the red flags perhaps for iphone competitors. >> so new shipments would automatically go down and it's not necessarily a bad thing for android. >> yes. it's also you're all in. there's only so many you can sell before you stop going the other way. >> you cannot afford to buy an iphone, and now the iphone has become a must have or a want by people who can't afford it and they're going to find money to get it. they had to follow-up and do something better. how much of it is imitation versus revolution or evolution? >> i think in our effort it's more similar to the iphone ios market where we believe consumers will always trade up. snoo they still have many many more. what the market is saying that in a great economy

we've got tim cook, apple ceo, giving the keynote and tomorrow marissa mayer from yahoo!ostolo from twitter. we've got a great lineup here on bloomberg tv. we've got matt maloney, the ceo of grubhub. his big competition yelp, just acquired one of his big competitors. we also have the president of goldman sachs and he will talk about his interview with tim cook. >> those are some big names. we will see that in just a few minutes. pandora finds itself in a big court case in manhattan that could determine its future. pandora is raising off with emi -- the organization that represents 650 thousand songwriters and publishers. bmi says pandora is trying to present itself as a terrestrial radio station and paying royalty rates that are lower. there actually buying a radio station so they could actually make that claim. this comes after pandora one against as cap last year, holding on to its royalty rate. during this is the ceo of the future of music coalition. to me this is texas dental for pandora. they cannot survive in the long run unless they can get lower rates to compete w

the accident is under investigation. >>> tim cook is not a fan of google glass. ok told people from the very beginning that google glass would fail and most people would find them intrusive, uncomfortable. >>> huge night for our own geraldo rivera. it came down to him and leeza gibbons in last night's "celebrity apprentice." geraldo was the runner up. hey, he raised 725 grand for his charity throughout the season. i think that is a win. >> he is much prettier. he is handsome man all things being. cheryl: i hear man crush. all right. well, coming up, power outages across the south. just the latest punch from the severe winter weather. what you could expect for the rest of the week. >>> plus, this is the top. when a yacht is simply not enough for the discerning individual. the latest must-have accessory for the open water. do you ever have too much money or too many yachts? maybe you do. ♪ opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive

apple ceo tim cook is among the ceos attending.pected that the president will announce an executive action directing more data sharing on network threads between government and besss. >>> in the meantime the bottom administration announced it will allow cuba's small private business sector to sell goods to the u.s. the exceptions however, include tobacco and alcohol. it's back to the future. google and mattel announce they will produce a view master for a new generation. they are swapping out the film slide tore an android smartphone. it will sell for $29.99. it will hit stores this fall. >>> coming up on "fast money" find out why one analyst is predicting a netflix spending spree. >> we are nearing the oil close. we're about $52.50 on a barrel of crude oil. up nicely today. we will unless we drop in the next minute or so we should finish with some gains up in crude oil this week. the battalions right now in oil is simple. you have record current supply. record current production coming out of america alone, but you add another 84

apple's ceo tim cook attributing the success to rapid growth in china.lso announcing partnership with first solar to build $850 million renewable energy farm in california, jim, in monterey county, where they're going to power not just own headquarters at data centers, retail outlets. >> i've always liked first solar. glad he's teaming with them. used to be high cost producer loes cost producer. tim cook making a good engineering move. a lot of different things. the company's doing great. i think two initiatives underplayed, i think ipay as i said to my colleague here rolling all of the retailers. -- yesterday, we don't have the wi-fi but it's obvious, if you're going to have a register you're going to have to have i pay. >> is ipay? >> i call it apple pay. >> i call it ipay. >> a strange marketing thing. they're not using the "i." >> sorry. apple pay. shorter way. i think that's good. and then the underarm recorder that talked about health i'm telling you your doctors are waiting for. apple to give you that blood pressure reading and working around the

tim cook says a new feature on apple's smart watch may prevent people from sitting too long.ch gives you a tap on the wrist to remind you top get up and move. a lot of doctors think prolong sitting is a health hazard and the watch can help people get moving and stay healthy. >>> apple announced it's partnering with first solar to build a massive solar farm in monterey county. it would be in a remote location in the southern part of the county. construction is expected to start this year and finish by the end of next year. the farm will generate enough power to cover all the companies energy needs until california. >>> our time is 5:24. clinical trials will soon start to see if a breath test can diagnosis lung cancer. the device was originally intended and invented to detect explosives out on a battlefield and airport. the engineer that created it refocused the device after his wife was diagnosed with cancer in 2012. >>> our time is 5:24. we'll take a quick break. we'll be right back. life's morning multitasking. it's multiple ideas for growing families and drawers with many l

silicon valley leaders tim cook will be at the to build partnerships. there is a large media presence. all sorts of national and local media covering the president's visit to stanford. he will be speaking here. before that, there will be a panel discussion in memorial here at stanford university. back to you. >> all right ktvu janine de la vega at stanford. we'll talk to you later. >>> the chp has issued a silver alert for a missing elderly man from san jose. bernard suffers from medical conditions and may become disoriented. he was wearing a tan shirt, tan jacket and tan pants with a blue hat at the time and driving a silver 2008 chevy impala. >>> some people living in the east bay called for the police chief to step down. giving police officers a 16% pay raise over four years. the proposed deal was negotiated by bar row. >>> a south bay postal worker is being investigated for reportedly throwing away mail he was supposed to deliver. the postal service says he worked in the willow grown neighborhood of san jose. he had only been on the job for less tha

at the white house cybersecurity summit apple ceo tim cook announce the expansion of the apple pay apps to include government transactions which he spoke at the summit for 15 minutes about the importance of providing security to consumers. >> ladies and gentlemen, please welcome apple ceo tim cook. [cheers and applause] >> good morning. thank you whoever made that warm introduction. it is really great to be here with all of view. i appreciate president obama's invitation to discuss these important topics. i also want to acknowledge secretary johnson, lisa monaco and jeff sikes. i am grateful for the opportunity to join them in discussing privacy and security. at appleby designed products the change people's lives. we believe in the power of values to shape history and strive to live those values every single day. we believe the country that made our success possible should be the land of opportunity for every american. we support president obama's initiative to equipped underserve schools with cutting edge technology. it is why we are committed to hiring americans, manufacturing more of

he's a terrific guy. >> so tim cook. bob iger. and, of course, tony nicely.news in this hour. appreciate you coming on. first interview in your 50th year. again, this is berkshire hathaway, the top most valuable biggest cap companies in the world. you know, there's still time. warren: there's still a few slots above us. liz: can you get there? >> we're working on it. >> warren buffett, thank you. as you heard exclusively, warren believes it will be tough for the fed to raise rates this year. he thinks keystone should absolutely happen. adam shapiro seemed to jump higher on a couple of his statements. the guy who wasn't born when his grandmother sold his business. why he's betting on this company and warren buffett. that's after the bell. don't go away. ido what everybody else does. start a business. build yourself a website. welcome to t.o.'s humble pies. with wix.com ... let's party! ... we make it easy to create your own all-pro website ... ... all by yourself. favre & carve! you did that yourself? don't look so surprised. wix.com. it's that easy. it's work

about 1500 people are expected to attend, including silicon valley leaders such as tim cook. the president plans to hold a round table discussion with business leaders. later tonight, he will be at a fund-raising dinner hosted by a prominent tech visitor. ticket from that range from $10,000 to $32,000. there is a large presence of local and national media. you can see the san antonio and -- you can see the satellite and the live trucks. event starts at 8:45 with a panel discussion. and then the president is expected to take the stage and make his remarks at 11:15 a.m. back to you. >> all right. story we'll be covering throughout the day. thank you. >>> and as you well know, there have been several prominent hacking investigations here in the u.s. over the past year. they include anthem health insurance, sony pictures, home depot and target. so what can you do to keep your information safe? coming up in ten minute, we'll have a security expert here in studio to talk about what the president's proposal means to you as a consumer. >>> 7:05. we're still following developing news

ceo tim cooke said the 13,000- acre farm will generate enough power to cover all the company's energyds in california. >>> also today cook announced a new feature on the apple watch that may prevent some people from sitting down for too long. he says the watch gives you a tap on the wrist to remind you to get up and move. a lot of doctors think prolonged sitting is a health hazard and a watch can get people up and going, up and moving and then stay healthy. >>> the family of a 7-year-old student got their wish tonight when a marin county school board voted to support legislation ending vaccine exceptions against measles and other diseases. tiburon's read union school district voted to support legislation being created by state senator pan. pan said he was asked to be at that meeting by the family of 7- year-old ret crowen who attends and elementary school in the district. ret can't be vaccinated because he has leukemia and depend on rest vaccination to stay safe. >> ret depends on us to get vaccinations. >> reporter: the reed union school district overseas three elementary schools wit

some of the comments from tim cook were that first-time buyers were at an all-time high.hat suggest they are gaining share. they have been tracking the switch rate from android to iphone for three years. it is the fastest turnover market share gain from android which plays into the theme which is the product cycle will have more legs than investors expect. and then you have the benefit of the watch, whatever the expectations are for that, that was not in the march guidance. you put all these together there is still the big elephant in the room, which is what do you do with the big comps for next year? but overall, everything for march look too good. >> average selling price for the iphone is $687. if that kind of stays somewhere in there -- but the price of the components could come down in the margins could get better. >> they could. without the impact of the fx they should be inching about 40%. they did hit a peek margin of 47% a year ago. that was in the march quarter similar time frame. that is obviously unrealistic. but it is safe for investors to think about margins

tim cook should be banned from russia for life.ld he bring us the ebola virus, aids gonorrhea? ban him for life. when he later discovered that he had been photo bombed on that airplane by a lesbian couple on the flight that the -- and that the photo had gone viral, he told the press, the lezsbians went through with this photo session due to their stupidy. they have overdosed on so-called european values. and he vowed to retaliate by saying they should have to do a photo session in a police station. this brave couple knew just how crazy milinov is when they took this photo and posted it. they knew that he would love to get them thrown in jail for something, anything. but they did it any way. and they're thrilled that they did it. along with her posting of the photograph, she said -- >> we're all super happy. him, probably not so much. many simply could not believe that the photo was real so she uploaded more photos and said -- >> if you would like to enter the last word's bravest kissers of the year contest, please go to russia and

. >> how confident are you in the future of apple under tim cook? >> i think he is doing a great job. we have seen great products this month with the new iphone. i have one in my pocket now. i have a 6 plus i'm really enjoying. apple is a great company, the greatest story in american business. look, steve was the greatest of the greatest, we all know that. being the follow-on will be tough. >> steve jobs and larry ellison were great personal friends, but how were they different as bosses? >> both are phenomenal visionaries. both have a feeling for where the industry is going and work hard with teams to create that reality. i think that where they are a little bit different is there a -- larry was maybe a little more of a suit and tie person, steve was always in his jeans and black turtleneck. their styles were remarcably the -- their styles were remarkably the same. i think that is why they got along so well together. >> in what way? >> it gets back to that passion. they were passionate, dedicated, focused. the number one issue for both of them, the

emily: speaking of another big company that you're not fond of, you once wrote that tim cook has created milquetoast, saying nothing, uninspiring, margin tweaking image for himself. you also said that apple should by tesla and make elon musk the ceo. do you still believe that? chamath: yes. emily: why? chamath: i think that he is very good at what he does. i think he is probably an exceptional operationally minded ceo. the question is can that inspire the type of creative types to build the next lily pad? my intuition on this is, no. you go to a company like apple, death marching to a million -- trillion dollar market cap. think of the amount of wealth that is created in a place like that. think of what that means for that individual engineer who has the next great idea. if you're trying to build the next great thing, where the person at the top is not necessarily optimized for thinking that way and being as maybe as disruptive, and rather wants to create a holistic, communal work environment, i'm not sure greatness comes from those boundary conditions. can apple only get there if they h

tim cook should be banned from russia for life. had been photo bombed on that airplane by a lesbian couple on the flight that the -- and that the photo had gone viral, he told the press, the lesbians went through with this photo and he vowed to retaliate by saying they should have to do a this brave couple knew just how crazy milinov is when they took this photo and posted it. they knew that he would love to get them thrown in jail for something, anything. but they did it any way. and they're thrilled that they did it. along with her posting of the photograph, she said -- >> if you would like to enter the last word's bravest kissers of the year contest, please go to russia and find milinov and outrage him, at least as much as this photo does. oh yea, that's coming down let's get some rocks, man. health can change in a minute. so cvs health is changing healthcare. making it more accessible and affordable with walk-in medical care, no appointments needed and most insurance accepted. minuteclinic. another innovation from cvs health. b

destroyed the financial -- >> the only thing i don't know if he was having a personal meeting with tim cook at apple. i love apple, great company. this is a company that makes all those fancy iphones in china. and keeps the money in china. that is a ton of money. if you are going to go after staples, then go into everybody who either ships jobs overseas or tries to shirk your health care laws. be fair and balanced. the president was neither. >> i think he will be. when this law as it starts to crumble and fall apart, he is going to be blaming everybody but those responsible. >> i like the way you said it because you have the southern accent. that is better than my godfather. >>> if a bird took down this plane, imagine what a drone could do. . >>> welcome back. another near collision in the sky not between planes, between a plane and a drone. this time it was a southwest jet coming face-to-face with one of these flying gadgets right near los angeles' international airport. there already near 200 reported drone incidents in the last year alone and dagen i'm telling you, it's just a hearth of