betty: we will hear what apple ceo tim cook told graduating seniors at george washington university inheir commencement address. cook is hearing again, as we mentioned, from carl icahn. he wrote an open letter urging him to expand apple by box further. that applen says shares are worth 86% higher than friday's closing price. joining us from washington is tim higgins. is this realistic that a letter from a large shareholder will change the way that something does its buyback program? >> this is not the first time carl icahn has pushed apple to increase its buyback and it has been successful in the past. increaseounced it will by --pital return program it has been successful. we will see what will happen here. betty: we will see what happens, in his letter, which was generally complementary, writes that "it is our believe that large institutional investors, wall street analysts, and news media like, continued apple --d misunderstand apple." i cannot tell you another company that would have a larger love affair with the company -- with the media that apple. there seems to be a general deb

does carl icahn have any friends in pushing tim cook? has been the most outspoken. in his letters says that big institutional investors misunderstand apple. cahn in his letter says that big institutional investors misunderstand apple. cooka: it sounds like tim will have another invitation to have dinner very soon. thank you very much tom j and tim. and thank you. pimm: coming up, baidu beeping of recommendation service. it has a new partnership. how big is the opportunity for publishers and advertisers in china? that is next. ♪ ♪ [baseball crowd noise] ♪ ♪ [x1 chime] ♪ ♪ [crowd cheers] oh! i can't believe it! [cheering] hi, grandma! ♪ pimm: welcome back to the bloomberg market day. i am pimm fox. taking a look at the top stories at this hour. carl icahn one apple to boost the share buyback program. boost thepple to share buyback program. he wrote in an open letter to tim cook he believed the shares are worth $240. he believes apple will soon enter television and automobiles. four months he has been pushing apple to return more cash to shareholders. from apple yet. it

obviously icahn and tim cook have a relationship. at is he trying to a copy which with the open letter? tim: he has been putting pressure on apple to increase buyback. this is the first time apple has responded several times in the past. they said they would increase the capital return program by $70 billion for the neck two years. your is carl icahn a few weeks later saying that we would like to see a bigger buyback. emily: he kept saying that if you focused on cars and television, you could work something out in terms of raising your value. is tim cook going to listen to what he has to say when it comes to products? tim: he is also talking to the market in general and feeling like investors and the media maybe don't understand the apple story. there is a debate on if the iphone has peaked. the larger 6 and 6plus have help sales. do they have enough to continue going? if it will continue the growth especially in the u.s. where there is intense competition and in china where it has helped sales the last few quarters. emily: they have

it is the first time tim cook has given a commencement address since 2010.hat -- onecilroy the wells fargo championship in carolina, north firing a record 61 on saturday to take the lead, winning the match to reza go with six ton -- six top 10 carolina, firing finishes. incredible. those are your top headlines. scarlet: coming up? alix: government actions against , just aboutr today the toughest thing that they can do to an automaker. we will have that conversation for scarlet: you straight from washington. scarlet:the art market is on fire,, selling $1.5 billion in just three days, but can they sustain the moment? it's been an incredible three weeks. scarlet: absolutely. alix: the deadline hovers for toece, terms are attached the $274 billion bailout. thelet: let's get back to top story we just told you about. carl icahn has a lot more room to run in apple shares. has a lot more room to run in apple shares. in a letter to the company he said the shares were worth $240 each, twice what they are trading at now, also calling for a much bigger share buyback. al

in his new letter to tim cook.levision as one of the reasons he remains so bullish on the stock. carl joips us along with his son brett and david schechter. welcome, good to have you back. >> how you doing, scott. >> hey, scott. >> let's talk about the letter, which i have in your hand. you say, gentlemen, that apple shares are worth $240 today. apple's poised to enter and in our view dominate two new category, one of which you believe would be the television, now we have carl reports that apple has ditched those plans. >> what's your reaction? >> you know, i read the article and i don't know why the headline is what it says, if you read down on the article, it says later, way toward the end of it apple didn't officially kill the project to make television according to people familiar with the matter. the team was disbanded with members sent off to work with different products they said. and then they talk about apple -- is now focused on cook said back he had a grand vision for the television. since then, in may o

s of publicly listed companies. >> correct. >> what changed when tim cook came out? >> very important because tim is leading the world's largest corporation. said, you can do something with that profile about being yourself. studied theyone progress that she made to come out. instant. it was thoughtful. but it changed people's views gay you can in fact have a leader. >> yeah. >> and a successful gay leader. >> well, that was, again, the former c.e.o. and author of "the glass closet," john browne. watching "bloomberg market day"! have a great weekend! tuesday. you ♪ from our studios in new york city, this is "charlie rose." letterman's last show aired wednesday night, may 20. he started with a cold open from gerald ford, followed by four living presidents. >> my fellow americans, our long national nightmare is over. >> our long national nightmare is over. >> our long national nightmare is over. >> our long national nightmare is

. >> guys, we're getting a letter crossing just now from carl icon, open letter to tim cook. ght want to keep your eye on apple shares over the next few minutes. dear tim, we applaud you and the rest of management for the performance and growth. truly impressive. he says after reflecting upon apple's tremendous success, we believe apple shares are worth $240 today. apple is poised to enter and in our view dominate two new categories, television next year, and the automobile by 2020. as i recall, i think carl did say he would have something on apple in the coming days, not too long ago, this was clearly it. we'll see if investors respond, jon. >> yeah, is this really a tim cook or to everybody else? >> yeah, it's open for a reason. >> use snapchat if you want to the just talk to tim or send him an e-mail. okay, tim, the stock is supposed to be 240 bucks a share, in case you were wondering. he's like i agree, it's undervalued, yeah. >> i assume he's pushing for more of a stock buyback. isn't that basically the intimation that if the stock is cheap, tim, you should buy more, i th

stephen: tim cook is said to be in talks with alibaba.re the largest online payment system in china. there are a number of different to get- hooks they need around, including the standard in the chips in the iphone 6 not meeting the standards set by the bbo c. tim cook says he is bullish on apple pay for china. angie: thank you so much. now for a look at some the corporate stories making headlines. founder of china's two biggest internet companies are said to be taking part in a $1.2 billion share a cell. mads back by ali baba's jack are buying in. 465 million shares to take advantage of the rally in chinese stocks. kevin martin is hired by facebook to oversee its global access efforts. mark zuckerberg spending billions to help developing countries get online. hang seng trying to boost. 5% tore offering almost many managers which would cut its own holdings to less than 1%. they say proceeds will be used to support future expansion. it sold another 5% stake in february for around $2 billion. those are some of the top corporate stories maki

it seems we're hearing an increasingly assertive tim cook here.also spoke about his up breaking and how he was part of a >> coming from alabama. they won a high school essay contest and as part of the contest, he met the then governor of alabama, george wallace, and then came to washington and met jimmy carter. he spoke about the difference between the two things he believes politicians stood for and also how coming to washington made him feel differently about what was possible not only in his life but in the life of the country. he was able to combine his personal experience and the idea of, do not sit on the sidelines. make your life part of the effort to change things for the better. he was able to put those things together. obviously he got a huge amount of attention the press. it is rare to hear the ceo of a huge company talking about that. pimm: he did mention at the , theying of the speeches ask people to turn off their phones. he said to everybody in the audience, if you have an iphone, please put it on silent and if you have an android p

i did not see tim cook's apple watch when he was speaking. someone had to promote.uess it's just going to have to be me. >> bright hinge, i gets it's gone? >> no, no i still have it. it was a promise, but -- >> you know the wife says will you put that away? you're doing messaging, checking your stocks -- >> okay. i thought the whole idea was to do it furtively. >> adam cheffer is telling me who i should be playing on this thing. she finds this is a new way to get away with doing all the thing that tim cook suggested. no remember he said silence your cell phones and pass the samsungs. >> you mentioned first pitch. we should show some pictures. this was at the fisties game on saturday night. >> yep. >> and you were tweeting up a storm all night long. >> going nuts. this was one of the most exciting things i have ever done. i got to meet schmidty and then i did nick the outside corner. most people bounce it just so you know. right before i went out, skipper hale from the debacks, he says you're doing a two-seam he said, listen. let me -- you do a two-seam it goes in th

what changed when tim cook came out?is lead in the world's largest corporation. it says that you can do something with that profile while being yourself. i think everyone study the progress that he made to come out. it was not instant. but it changed people's views that you can, in fact, have a gay leader. and the successful gay leader. tom: stay with us please. let us continue on "bloomberg surveillance" this morning. we have our twitter question. vonnie: i think it is going to be a theme for the day. the u.s. dollar. we asked what is the future of the u.s. dollar? history says it will collapse based on credit of government being not good. we also have dollar futures rocksolid. all the world leaders have the piggy banks jammed dollars. tom: a wall street answer if i've seen one. vonnie: we will have a new international currency. that goes to brendan's prodding of very different people. brendan: i'm fascinated that the imf can make this decision and it has tremendous consequences for global markets. can the imf the ahead

what changed when tim cook came out? john: very important. leading the world's important corporation. it changed people's views that you can in fact have a gay leader, and a successful gay leader. betty: that was the former bp ceo, john browne. watching for "bloomberg market day." have a great weekend. we will see you tuesday. ♪ [beeping] ooo come on everybody, i think this is my grandson. [lip syncing] ♪little girl you look so lonesome oh my goodness. ♪i see you are feeling blue ♪come on over to my place ♪hey girl ♪we're having a party happy birthday, grandma! ♪we'll be swinging ♪dancing and singing ♪baby come on over tonight emily: is uber charting its course to an ipo? be getting a $1 billion line of credit. i'm emily chang and this is "bloomberg west." coming up, a sublet fight in san francisco. whatlked to experts about the trend means about a possible tech bubble. the senate works into the weekend debate the controversial n in thet would rateign in fight.

ive and tim cook? he would tell tim cook, steve would want it this way. cori: make it so. whole new set of people for tim cook to deal with. they are newer to the operation and did not have the blessing of the spiritual partnership of steve jobs. there is a new era at apple starting july 1. , nepal oneng up month after the devastating earthquake. special report on how the country is trying to rebuild and recover. ♪ betty: this week marks the one-month anniversary of the devastating earthquake in nepal. the 7.8 magnitude quake killed more than 8000 people and left houses more injured. for many, life is not getting back to normal anytime soon. -- left thousands more injured. >> [speaking foreign language] >> [speaking foreign language] >> [speaking foreign language] >> [speaking foreign language] betty: clearly, there is a desperate need for more aid. the u.n. just earlier today saying there needs to be quicker , faster and more aid to nepal and to the victims. mark: talk about grace under pressure. it seems some help is coming, but as many people around the world have sugge

moving on apple ceo tim cook is calling on new college graduates to find their college starts. cook gave a speech on sunday in washington. he said graduates can do good and well in the world. >> graduates, your values matter. they are your north star and work takes on new meaning when you feel you are pointed in the right direction. otherwise, it's just a job, and life is too short for that. >> so we want to hear from you on this. what advice do you have for grads or what was the best advice you received as a graduate. we've been getting your tweets throughout the morning. here are a couple one inspirational act is infinitely more value than the biggest library of inspirational advice. i like that. very wise. wilfred, do you have any advice for people out there? >> i'm interested that tim cook said otherwise it's just a job. you've got to go and choose something that you are going to enjoy because the hours you'll spend working are going to be the most -- most of what you are going to spend your life doing, that and sleeping. choose a job that you love and you'll never work a da

apple ceo tim cook delivering the school's commencement address this year. all tolled some 25,000 folks out there to show support for the graduate. >> that is so beautiful. you cannot ask for better backdrop. it will be really interesting to see what tim cook says because he's an extremely private person. >> that's right. i was looking on twitter to see if anything has come down yet. >> see what he opens up about. we'll keep an eye on it. >> great venue. >>> coming up on 10:12 here. >>> a taste of the island without even leaving the district. we're going to show you where you can go. >> you're going to want to grab the umbrella. storm team 4 meteo there are a lot of channels on your tv but only so many you want to watch what if you could pay for the types of channels you want and not the ones you don't now, fios brings you a totally new way to customize your tv. starting at $74.99 per month with no annual contract. get custom tv, including internet and phone. price guaranteed for two years. or get $300 back and free dvr service for 1 year, with a 2 year agre

tim cook helped so him this.and it really paid enormous div dividend. >> i would ask him to reflect on things and he would say i don't want to reflect. one of the last times i interviewed him it was 2010 i think it was and fortune decided, i wasn't working for them, but they wanted to make him the business man of the decade. and give him this award and put him on the cover. but he would not talk to them anymore. so they asked me to call and see if i could get a little something out of him. so i called and said okay steve, tell me you know, lessons that you have learned, what you know about leadership that makes you the greatest businessman of the decade and he said i never looked back and i don't know why you are asking me these questions because why would i tell you anyway. and so i sent it in to fortune and we found a way to get sort of a kind of quote out of him. >> so the johnny and steve relationship is pretty well known but there is another that might surprise people and that is the relationship between ste

he said from the beginning he likes tim cook. he is saying with all of the money, why don't you buy stock that. while we get you up to speed with the headlines. click's greece -- >> greece's finance minister telling us the nation is close to a deal. >> saudi oil export hits a nine-year high. >> bikers arrested in waco are said to be members of motorcycle gangs. capital charges are expected. >> president obama has joined twitter. erik: the world's largest retailer being hurt by the strong dollar. walmart posted profits that missed analyst estimates. the company is dealing with a broader shift than how consumers spend their money. americans spend more on homes in the last three months. that boosted earnings at home depot. first-quarter profit beat analyst estimates. the early arrival of warm weather spurred people to work on exteriors. stephanie: regulators want to know if fiat chrysler is fixing vehicles fast enough. a hearing will be held in july. >> we have concerns. there will be a chance to have a hearing where we will collect

we also looked at tim cook.ashington university where they -- encouraging students to take risks. he showed them some of the pictures he posted on his wabul account, which is similar to twitter. tom cook, "it's great to see innovation making a difference in the classroom, and we're proud that ipad is part of it there." back to you. rishaad: that is it for this monday ed decision -- monday addition of "trending business." cap the e break, we re business of the day. our first guest, fred neumann, head of asian economics research. ♪ rishaad: hello, everybody. that's the victoria harbor. you are watching "asian edge." winners and losers. missing valuation estimates. falling the most since 2008. irmer foundations. brings some relief to troubled investors. angie: i'm angie wells. modi on a mission. the prime minister looks to extend india's regional influence. "beyond the banks." new sources of funding for infrastructure business at home. and horror on the high seas. all that and more on this monday edition of "agia e

i don't think tim cook cow toued. if you want to own the stock it's a very good multiple. as pete points out, as i say, the china mobile relationship is an up to make fiscal third quarter refresh be very significant for apple. >> in terms of the applied volatility, is it as low as it ever gets? if you want to stay in this stock or do a stock replacement the options really play into exactly whatever -- >> is that what you have done or do you own the stock? >> no, i continue to own the stock and i wrap on top of that option and call spreads. >> news alert on starbucks. mandy drury has the details. >> hey there, melissa. starbucks is teaming up with spotify. what they call a first of the time music ecosystem. they're creating a multi-year relationship that links starbucks 7,000 company operated stores in the u.s. and 10 million my starbucks loyalty members with spotify's more than 60 million users around the world. how does it work? among other things it will allow starbucks msr to access starbucks music on spotify also with the ability to influence in-store play lists which

. >>> coming up next tim cook ceo of apple, one of the world's most influential company, the most valuable. he rarely speaks to the public. when he does, people listen. and grads of the class of 2015 got some pretty remarkable advice from him today. we'll bring it to you next. lilly baker is preparing for college. she'll use that education to get a job. she'll use that job to buy a home. this is lilly baker. her mom just refinanced their home and is putting an extra $312 a month toward lilly's tuition. lilly is about to take over the world. who's with her? buy in. quickenloans/home buy. refi. power. ortho bug b gon gives you season-long control of all these types of bugs. spectracide gives you season-long control... of just ants. their label says so. bugged by more than ants? get ortho bug b gon. the label tells the story. ortho home defense gives you year long control of all these household bugs - roaches, ants, and spiders. spectracide gives you year long control... of just roaches. their label says so. got more than roaches moving in? get home defense. the label tells the story. ♪ ♪ ♪ ♪

tim cook was the first speaker. coldplay and noraa jones does music have been featured in apple television advertisements that short set for the creditor to two speakers provided the highlights. jony ive and bill campbell to the apple board member had been a close adviser of steve's for many many years. steve changed said campbell. yes, he had been charismatic and passionate and brilliant, but i watch and become a great manager. he so things others couldn't see. he dismissed as arrogant a tech leaders of the world who thought we were all stupid because we couldn't use of these devices. he said we are stupid if they can't use of these devices. and then campbell went on to address this deep yet known personally. in the last seven and a half years as he became more vulnerable, he made sure that those he loved, those who were closest to him, knew it. to those people he exuded the phenomenal warmth and humor he shared. he was a true friend. speaking later i too talked about friendship it he was my closest and most loyal

the internal memo by tim cook has been circulated on the web. most talented and accomplished designers of his generation. jony has 5000 -- patents to his name. jobs,he loss of steve jony ive continues the vision. to lose jony ive, that would be to lose the vision. others are talking about management at apple, saying this is great the troubling, because look atl have time to design. they are introducing another management layer. we know lieutenants have been promoted with him. is a title change? shery: he will focus on design and traveling. he is overseeing the development of the building of the campus at apple. lots of things he is doing now. roslin: a look at china's military operations going public on weibo and jony ive. back to you. rishaad: the euphoria primending any -- india's minister is evaporating. whether he has delivered on his prophecies. [beeping] ooo come on everybody, i think this is my grandson. [lip syncing] ♪little girl you look so lonesome oh my goodness. ♪i see you are feeling blue ♪come on over to my place ♪hey girl ♪we're h

. >> tim cook? >> pretty good advice. >> tim cook was the perfect successor to steve jobs. steve jobs stay hungry stay foolish. if you've never read that put those words in a search engine. >> stay hungry stay foolish. which means, never believe you know it all? >> it was a strange bumper sticker and he takes that idea and he wraps it around the whole speech about the way he approached his life and what led to the company that he started. >> let's turn to one of the most powerful commencement addresses given this season by staff sergeant ryan pitts. he shared what he learned from his fellow soldiers. >> the best advice i can offer you comes from the most challenging and tragic day of my life. courage cannot exist without fear and fear is everywhere in life. fear of failure, loss rejection. the key is to deny fear its purpose, which is to hold us back. if the men that i served with were afraid that day, i never saw it. they showed me the true definition of courage. courage is not the absence of fear. it is the ability to move forward in the face of it. >> also a true definit

that was the message from tim cook to george washington university graduates. steve didn't see it that way. he was an idealist. in that way, he reminded me of how i felt as a teenager. in that first meeting, he convinced me if we worked hard and made great products we too, could help change the world. >> they certainly did. target shunning processed food. according to the wall street journal, they met with campbell's soup and kellogg. target doesn't want to put money into pushing their product. they will shift to healthy fresh food to match changing tastes. >> all that does is make me hungry. >>> amtrak back in business this morning. the first train from philadelphia since last week's deadly crash left moments ago. there are new safety measures in place. "new day" has the story. >>> northeast corridor back open for business. >> technicians installing speed controls on that curved section of the track. >> possibility shortly before it derailed, the train hit by an unknown object. >> we will look at everything at this point. >> the city of ramadi falls to isis. >

gw university nabbed apple's tim cook.nts in the audience the most? coming up, we've got a fox business exclusive with the student body president at gw who has that one thing cook said that has all his friends ready for the real world. nick gumas outgoing student body prez joining us live and exclusively. didn't google try google glass and it kind of petered out? the company that's ready to roll out wearable smart glasses, and are we really at the mercy of hackers every time we get on plane? the surprise turn in the air and the scramble to now block air hack attacks. that's pretty scary stuff melissa. we've got much more on the story coming up. melissa: liz, thanks so much. the world's oldest toy store is shutting its doors for good. paying rent on one of the world's most expensive streets. at the end of the day, it's all about "money." ♪ ♪ >> >> mitt romney's squaring off with the evander holyfield. the presidential candidates could last two rounds. no actual punches were thrown. giving up one round earlier but they were

in a new letter to tim cook, he argues that apple should buyback more shares.

lunch with apple ceo tim cook. lunch for mr. auction over the past few weeks with starting bid of 10,000. the winning bid ended up $200,000. that was last night. they get two tickets to be cook's vip guest at apple keynote event. they help fund the robert f. kennedy human rights campaign a good cause. liz: absolutely. it is paying for for blaming company glue mobile. the store soared 73%. britney spears could keep this stock moving higher. david: former defense secretary leon panetta telling us the one threat that keeps him up at night. we'll tell you what that is tonight. coming up. ameriprise asked people a simple question: in retirement, will you have enough money to live life on your terms? i sure hope so. with healthcare costs, who knows. umm... everyone has retirement questions. so ameriprise created the exclusive confident retirement approach. now you and your ameripise advisor.... can get the real answers you need. start building your confident retirement today. having a perfectly nice day, when out of nowhere a pick-up t

apple ceo tim cook deliver the keynote address and received an honorary doctorate degree. more than 25,000 people attended the ceremony, including 6000 students. i guess we can take credit for carrying all of those folks -- telling all those folks to have their umbrellas. devon: hopefully everybody -- it looks like everybody was prepared for those showers. that helped to put some humidity in place. we are under the chance for showers and thunderstorms right now. we're watching just yes -- west. we're watching storms that have been west more of the day, now they are starting to come closer with the humidity that is here. can blossom into storms through the evening time frame. that would be over the 9:00 hour. sunset is just after 8:00. we had to the shenandoah valley, front royal 66, a little bit of thunderstorm activity. there's the potential over the next two to three hour span. we will keep a close eye and the abc 7 weather department. if anything become severe, we will break in to let you know about it. real-time temps, still 80's. sun has been up with morning cloud cov

apple ceo tim cook delivered the commencement speech. >> you have to find your north star. and that means choices. some are easy. some are hard. and some will make you question everything. >> dr. anthony fauci also spoke to the class of 2015. he is one of the nation's foremost experts on inif he can, diseases and he and cook received honorary degrees. >>> i'm storm team4 meteorologist amelia siegel. weather headlines for tomorrow tracking scattered afternoon and evening, showers and thunderstorms, the potential for some strong to severe storms later in the day tomorrow the chance of some showers and storms on tuesday, spring returns on wednesday, next weekend, memorial day weekend, right now, saturday and sunday looking nice and dry. tomorrow morning, dealing with fog, that could slow that morning commute and then storms could slow the evening commute. exercise go out early. heading out and about you want to have a rain plan for the afternoon and evening hours if you were planning on having dinner outside tomorrow. s here the latest on storm team4 radar. most of us are dry,

tim cook runs the world's most valuable company and he's quoting an icon steve jobs who changed the wayo our jobs and he said that when he first met steve jobs he thought work was drudgery and if you want to change the world you did it in your off hours and went to work to work. he said that steve jobs convinced him that apple changes the world and you want to work for a company that does that. listen. >> you don't have to choose between doing good and doing well. it's a false choice today more than ever. your challenge is to find work that pays the rent puts food on the table, and lets you do what is right and good and just. the sidelines are not where you want to live your life. the world needs you in the arena. there are problems that need to be solved. injustices that need to be ended. >> a big round of applause when he talked about the iphone or phone in your pocket. everyone is a citizen journalist. people can take a picture of anything and that's changed the world. big round of applause for that. >> that's absolutely true. many thanks to you. thank you for joining am he today. i'

. >>> coming up apple's ceo tim cook did it so did mitch obama.ing commencement graduation addresses, i wasn't asked to give one. but i'll deliver mine here, next. 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 your doctor about cialis for daily use and a free 30-tablet trial. when you

tim cook was there today. he signed up on china's twitter today, a partnership with the world wildlife fund in china. bob, what do you make of that? bob: apple sees their future growth will be in china. the u.s. smartphone market has already hit the kind of peak levels we're seeing in china. for the foreseeable future, the u.s. market will be a tough spot. apple has to make a bigger play in china. not everyone in china knows or thinks of apple as a green company that thinks about the environment. this is a public statement to say this is how we think and you should think of us in a positive way. you are important to us. emily: if not china, where else? brian: we are two hours in a game of risk. apple is trying to ask -- expand to china. alibaba trying to get a foothold in the u.s.. nobody talks about 11 main anymore. they did a horrible job to marketing u.s. consumers. instead, they are investing in zoo lily and lift. alibaba made a secret investment. we are seeing that play out on both sides of the pacific. e

tim cook said they continue to see more switchers, meaning android users are going to the other side,hone. another problem, goldman sachs estimates that some of the android came from apple. and what about switching to bing? all things to keep in mind as google mania kicks off. and apple pouring more fuel on speculation that it is working on a car. speaking at the conference in rancho palos verdes, just enough to keep us asking for more. and starting this summer, new chevy models, including the 2016 having access to the apple car play and the android auto. here is their director of ecosystems. director: we realize that people use smart phones in their cars all of the time, and it is on us to find a safer way, a better way to integrate with that. emily: but gm is not the first out of the gate. hyundai said the 2015 sonata will be the first connected android to android auto. up next, mary meeker says phones are giving hackers access to your data. what tech companies and others can do -- giving hackers easy access to your data. ♪ emily: we turn now to another a story we are following, pal

emily: speaking of another big company that you're not fond of, you once wrote that tim cook has created milquetoast, say-nothing, uninspiring, margin tweaking image for himself. you also said that apple should bypass 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. it is just the question is, can that person 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 trillion dollar market cap. think of the amount of wealth that is created in a place like that. but then 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 more holistic, communal work environment, i'm not sure greatness comes from those boundary conditions. emily: can

tim cook was there today. he signed up on -- what do you make of that? bob: apple sees that their future growth is going to be in china. the smart phone market has already hit the levels that we are starting to see in china. we saw a bit of a boost when the iphone 6 came out, but for the foreseeable huge or the u.s. market is going to be in a tough spot. apple -- foreseeable future the u.s. market is going to be in a tough spot. people think of apple as this green company that thinks about the environment. this is a public statements to think of us in a positive way. emily: if not china where else? brad: apple trying to expand to china alibaba trying to find a foothold in the u.s.. nobody talks about alibaba's big play in the u.s.. they did a horrible job marketing to u.s. consumers and understanding what they want. instead they are investing in companies like zulu, lift jet.com. alibaba has made a secret investment. i think we are seeing the same thing play out on both sides of the pacific. emily: brad stone, bob o'donnell, brian buchwald. it is time fo

tim cook? i don't know, is he the iconic leader in today's world? : i think tim is a fabulous leader. it starts with his sense of purpose. if you think about what motivates tim, it's not his own compensation. it's that he thinks apple is a vehicle to improve lives and if you start with that he is someone who is created an organization where he understands the way they can get the most done is to bring people together and create an environment with incredible collaboration. he is authentic. stephanie: does the financial industry still have such a black-tie? when i think about duke alumni, i think john mack, bob steele. is it that you just are not looking at the financial industry? bill: that is not the case. i think you cannot find an excellent leadership in the financial service sector, but you have to be in a position where you say i care about creating bio in the world and it's not just about my own compensation. i care about others. there is this notion of i want to support ambitions of other people in order to drive innovation and create value wi

>> i love your idea, i'm calling tim cook right now to tell it to him.at's a really, that's a really smart idea. and you know, they probably could do it, this is a fledgling product, just getting off the ground and there's going to be a lot of additional smarts and additional features as we move along. >> how would you characterize the third-party stuff, walt? and how much does that have to improve to become truly compelling? >> it vary as lot, carl. i found, i would say two-thirds of them look to me like they don't quite know what to do with the watch yet. one-third of them are really good. everything from major league baseball to uber, yahoo yahoo weather, those are all apps in my experience that i found do d add value on the watch and others don't which is one reason i have turned off taken away altogether the apps, some of the apps on the phone. >> but there's something, there's something else happening which is, you know apple has yet to issue the developer kit that lets you write directly to the watch. right now all of these are adjuncts to iphone

. >> i think tim cook is one of the smartest ceos in tech about china. he knows you don't charge in there like a bull in a china shop. expecting china to bend to your will. he's lining up partners here. he's saying we like to do some good things, he knows he's gaining market share on jao ming, but he's not gloating about it. so i think he's very determined to do this but his measured tone is probably a recognition of what tough do in china. >> a smart way to play it for sure. >> he did talk about eventually we'll have 40 stores in china. gradually building the retail presence. what do you see that strategy resulting in for the company there? >> well i mean, china, china has been really the growth center for apple right now. i think he recognizes that he can't let go of that in any kind of significant way. the more physical presence you have, the more chance you have of just converting people who already have smartphones or are getting new ones, that's the importance of doing that. >> figures, 90% of the adult population in china have smartphones. always

and tim cook confirmed the apple tore watch's launch will begin in china and he said the launch could be going up any better. a busy man. >> of course the watch going great, he's got it on celebrities' arms, we're still talking about it i think the test comes when there's a true mass release of the watch. i would expect in the first few weeks, it will continue to be sold out and will continue to be a hot item. i think the jury will still be out, will this with a mass adoption product or a specialty product. i don't think we'll know until around christmas time. i still think they've been masters, as apple is always is. masters at creating hype and expectation. but i'm not totally convinced that everyone is going to want one of these yet. >> matters at creating hype. maybe, dennis, but not so masterful in the delivery of the devices. in the beginning, the fact that it will be available broad entry retail, does that signal that maybe the company has a grasp on what inventories should look like for this? >> people were upset with them about the mode ort mechanism inside the watch that was

wednesday is the last day to build on a lunch with tim cooke on charity buzz.com, and friday is the big number of the week. the closely watched jobs report for april. the national deadline for hig s college of choice just passed which means that parents have made deposits to secure their spots for the fall. sharon epperson joins us to talk about what your college bound children should know about your money and their future. >> of course college is an exciting time. full of new discoveries, new subjects, new friends, and a new sense of freedom, but it requires students to take on more financial responsibility. >> they're being launched ill equipped financially. parents feel like it is a taboo subject. >> the author of "college poor no more" says the money talk is one of the most important discussions parents can have with their college bound kids. >> what should parents be discussing when they have their final talk with their kids. >> first should be the cost of the education and who is paying for what. parents may be paying for the majority of it, but students have some responsibility f

making him the highest paid ceo since tim cook of apple received $376 million in 20.second place, michael freeze. head of the international cable company, liberty global. he pulled down over $111 million in 2014. a 140% increase in pay over the previous year. both zaslov and freeze signed contracts resulting in big paydays. there may be other factors at work. >> i think media executives are the highest paid because it is a very creative industry. it's a very personality based industry the top people of these companies have a lot of relationship s >> the next on the list $88 million. remarkably gabelli doesn't have an actual salary his pay is based on incentives related to his company's growth. jamie dimon earned nearly $28 million, com in 32nd on the list and tech continues to pay very well out of the top 10 ceo's, four of the executives are at technology companies. microsoft took the first spot earning 84 million in salary, cash and s the survey shows that there's no stag nation in the c suites. medium pay was about 17 1/2$1/2 million. a growth of 21% over last year'