so how has tim cook fared? reporter: it is easy to imagine how steve jobs loomed large over tim cook. they helped legions of apple fans with intuitive usage. with steve jobs gone, many worried applewood flounder without his creativity, but tim cook has proven himself to be a steady pair of hands. the company has grown to the world's most voluble. apple announced the sale of its one billion iphone. but tim cook's legacy is far from assured, but there is signs of a slowdown at apple. rising up to 125 -- $125,000, but the gains are tapering off. revenue slowed after third teen years of consecutive growth because the company depends heavily on iphone sales. but the smartphone market is becoming increasingly saturated with products like apple watch and apple pay service unable to compensate for the slowdown. he has yet to prove he has the spirit that made apple and i can't. if you can achieve his goal to pave the way for textbased health services, he would leave his mark on the come me. >> what check on the performa

then there is tim cook, a person. cook became the most high profile openly gay executive in the u.s. and has become a public advocate for the lgbt community. just taken a stand on privacy, facing off with the f the eye in a very public confrontation over encryption. and cook is pushing clean credentials, funding renewable power sources for the company's data centers and setting ambitious recycling targets world apple devices. with tim cook hitting his stride, let see what apple's i've years will look like. john: great reporting there. as we just mentioned, 93% of apple's cash holdings are held offshore. it has sparked investigations by the european commission. at stake, possibly billions of euros in unpaid taxes. they are now calling the european commission a tax authority that threatens global tax reform deals. joining us to discuss this is alex webb from san francisco. still with me in the seo is david kirkpatrick. do you want to talk about this criticism here? do you think in all honesty and fairness as a journalis

josh. >> well, john for investors the first question is this, how has apple stock performed under tim cook? so over the past five years it's up some 100% and that does easily beat the performance of the s&p 500 and the dow though it does trail the nasdaq. credits cook with what he calls the ceo's operational excellence. >> for the last five years he has done everything he needed to do and really stuck to a game plan that we think was in place before he took over. so that piece of it he has done an excellent job. >> he'll be judged by the success of the products apple sales and analysts say it's a mixed record. there's been home runs like the iphone 6 that drove big jumps in revenue growth from 7% in the fiscal year 2014 to 28% in 2015. as for the watch the verdict is still out. apple has sold 14 million watches generating 5 million in sales. when i talk to cook he's confident about the potential of the ipad pro and the enterprise but now it only accounts for 12% of total revenues. cook also expanded the company's business and in the past year services revenue jumped to some 23 billion. tha

now, you see me, now you don't. >> and we'd say apple ceo tim cook is quite the magic man as he celebratesive years at the helm and tonight, former apple ceo john sculley is here to weigh in on cook and give us his insight into apple's future. that's ahead on fast. ♪ we're drowning in information. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley. don't put off checking out your medicare options until 65. now is a good time to get the ball rolling. medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company come in. like all standardized medicare supplement insurance plans, they could help save you in out-of-pocket medical costs. taking informed steps really makes a difference later. that's what it means to go long™. call now an

tim cook opened that up. opened channels up.one deals with ibm and sis coe and box and a lot of companies to, you know, try to sell ipads and iphones and other things in there so you have to give him a lot of credit for that. >> quickly i want your take on this irish tax situation and whether it will have any impact on apple's reputation or brand worldwide? a lot of officials in the u.s. are rallying behind them but there's lots of competition out there as well. >> well, officials in the u.s. and also the government of ireland is rallying behind them. i think this -- yeah it probably hurts their reputation in some parts of the eu but i don't think it's a big deal in terms of reputation. it is in terms of the eu and it's member countries but that's another piece and another column. >> indeed it is. a lot more eyes will be on that iphone 7 launch we expect a week from today. thanks for joining us. >> thank you, john. >> when we come back, why the former president of yale university says the future of education is online. but first

so tim cook is a person.s his own particular, you know, characteristics and he supports probably more of a liberal stance. you know more power to him. >> on the five year anniversary -- john, go ahead. >> guy, is there a danger here? apple has got some clear connections to hillary clinton in that al gore is on the board. served as bill clinton's vice president. lisa jackson who heads policy over at apple, i believe was at the epa heading that under the obama administration at the same time that hillary clinton was secretary of state. i mean, clearly cook has some cover in the fact he did the fundraiser for paul ryan earlier but that's a lot of connection to the democratic side of the aisle. is there a down side there given apple's broad reach across the u.s., all kinds of customer, global reach as well. >> well i suppose donald trump could become president and make the united states standardize on android, but both of those things seem unlikely. i think the reason is deeper than simply financial access and th

and then there is tim cook the person.n october 2014 he became the most high profile openly gay ceo and has since become an advocate for lgbt communities. he has also faced off against the fbi over iphone encryption. he hired former epa head, and setting ambitious recycling targets for apple's old devices. with tim cook hitting his stride, let's see what apple's next five years will look like. emily: coming up, pittsburgh self driving dreams. we hear from the mayor about the city's pilot with uber and how pittsburgh plans to remake itself as the manufacturing hub of the future. ♪ emily: just last week, we found out that pittsburgh is uber's city of choice to host the first to self driving fleet. uber urs will ride specially modified volvo suv's and they will be supervised by humans in the drivers seat for the time being. we sat down with the mayor and talked about when he first began talking with uber. >> the initial conversations happened almost 18 months ago. they had been looking for a city to basically create an innova

in august 2011, tim cook was taking over from a legend. withoutestors feared steve jobs at the helm apple would be headed to decline, but now five years on, cook has defined apple in his own ways. business boomed under his leadership, market cap doubled surpassing exxon mobil to become the world's most valuable company. 2012, under pressure from activists shareholder carl icahn he granted shareholders their first dividend in 17 years and a $10 billion buyback scheme. apple's cash holdings nearly doubled to $232 billion. with 93% of that money held has taken heat from regulators and the u.s. senate accusing apple of using subsidiaries to reduce its tax bill. now to product, under tim cook apple's story is still about the iconic iphone. apple sold its billionth unit. investors are waiting on another major product win, especially since the company has seen iphone revenues declined for the first time ever in the first two quarters of this year. some investors think apple is over dependent on the iphone and worry about the impact of cooling dema

ceo tim cook speaking at length with the washington post over the weekend.ked about a ton of subjects including the iphone, the fight against the fbi succession and some of his biggest mistakes as ceo. on the iphone he says overtime i'm convinced that every person in the world will have a smartphone. that may take awhile and they won't all have iphones but it's the greatest market on earth from a consumer point of view. he also says running the world's most valuable company is a lonely job but he's not looking for any sympathy. we'll start with you here. people have been dying for cook to be introspective for awhile. this is about as close as we have come. >> it's an interesting time to do it. right before the big iphone launch. it's normally a slow season for their products. we now have the washington post piece. it's tim cook setting the table for how apple thinks about things. what kind of a company apple is. can you imagine if you're an apple buyer on the sidelines but you like the company, this might spur you to go to an apple store and walk out with so

take us back to tim cook coming to this job.he board of expected apple to do as well as it has and the package to be what it is today? >> they've only gotten half of that. and that is equal to the new package. is a pretty remarkable increase. another.e yet this is a video editing app that apple is going to be releasing, a great surprise to a lot of people. >> generation of users that have grown up in this generation where facebook, instagram, snapchat, they are redolent. edit video and share it under one minute. david: that is a 6:00 p.m. eastern. lawmakers say the high cost is not enough. chuck grassley is upset about this and will join us. this is bloomberg. ♪ david: let's turn to the epipen controversy. cost,ers are curbing the a public relations maneuver. chuck grassley joined democratic lawmakers saying the company's actions are not enough and senator grassley joins us on the phone. , but we have seen this movie before. expressed concern about the high cost of drugs. you've written a strongly worded letter. is this differen

took over for steve when he was at his sickest, tim cook going from interim ceo to full-time ceo five years ago today. i got some milestones for you. cook is the first ceo of a fortune 500 company to come out. he's also fought congress and the fbi over user's pry vas is si. and he says he plans to donate his entire apple fortune of apple stock, about $120 million, to charity in his lifetime. cook also brought a human sensibility to apple. he addressed many of the problems that steve jobs perhaps ignored from time to time. things like poor working conditions, child labor. what he hasn't really done so far is move forward with apple's starting new projects and new products. the apple watch is the only new product since steve jobs' death. >>> others news, looking for huge return in the days of low interest rates. solar city is offering bonds at an unheard of 6 1/2%. a financial filing on tuesday elon musk snapped up half of them. musk's company spacex is also a frequent buyer of bonds from solar city. remember musk created all three of these companies. solar city, tesla, spacex. the rela

this dinner also co-hosted by apple ceo tim cook. down below, business and tech reporter scott budman is there in los altos hills. closed to the public and media but wide open to a lot of silicon valley executives. >> reporter: yeah, a lot of tech elites here, raj. it is being hosted by apple ceo tim cook, and, yeah, no press availability for secretary clinton, but it is part of a very lucrative silicon valley fund-raising swing. secretary clinton began an afternoon of fund-raising by pulling her motorcade into a redwood shores hotel quickly spotted by fans. >> we came out to see hillary and we saw her and it was amazing and i'm still shaking. >> reporter: fans lining up by the dozen to meet the candidate during a lunch that depending on access ranged from $2,700 to $27,000 each. a testament to secretary clinton's support in the tech community. >> i think favor a lot because she has a lot of stuff going on around the tech and especially the imgramigrants into the tech industry. that's a big favorable move. >> reporter: then a motorca

tim cook having a fundraiser here is the hypocrisy. the last thing that donald trump of making his shirts and ties in china. roll tape. this factory has been here since 1883. with over 63 people here the brand of shirts comes from china. he makes the shirts in china. now hillary clinton is going to apple ceo i have said that hypocrisy. they can only do one thing. and then by the way it looks like hillary clinton's raised raise about $4 million from silicon valley. according to the center of response in politics. they don't like the position on trade and they want more foreign workers to come in but there's other issues also. the important point you make is that these guys have amassed a lot in the way of a lower tax wealth. some new people don't understand this. the democrats will say organ attacks were going to tax the rich what they don't say is there going to tax the income of richer people. the top 20% pay 84 percent of the federal tax revenue. for the main reason why they are bringing in the billions of dollars back. come on i wou

too come plaplacent. >> tim cook worries about that a lot, too.ou know, he told me he gets like about 300 e-mails every morning from consumers and employees and people who are upset or happy about something that they have used for apple and i think their executives are pretty fired upright now. >> all right. we'll see if that being fired up translates into a great product in the fall. >> we are just a few minutes away from donald trump outlining his economic vision for the country. we'll get you there live as soon as it dpbegins. carl, what's up next? >> athletes and social media go hand in hand but what is their platform of choice? we'll ask an athlete when we come back from rio in a moment. >> you know that athletes put the active user. this is a little segment we like to call ask the athletes. >> i prefer instagram because we can show photos and the like. >> my favorite one would have to be twitter. there's just so much stuff on this. >> it's probably snapchat because it's like instant and then goes away. >> instagram. it's not too long and the

. >> when we come back, tim cook the ceo of apple is back in china today. tell you what he's up to in his second visit in the last three months. a live report from beijing next. >>> welcome back to "world wide exchange." if you're just getting up, let's get yo up to speed on the market action. basically flat in the premarket again today. all be it a little bit of red on the streen t. dow expected to opener lower around 16 points. lets have a look at oil because in this light volume trading we've seen through august, oil has been one of the key factors to watch. it was stronger yesterday. that helped the energy sector once again. it was softer in earlier trade, in fact in asian trade, we were down about 1% for the international benchmark, but as you can see, we found some imptous in the last hour or so. we are seeing green. >>> other headlines this morning t u.s. treasury department reporting foreigners sold u.s. government debt for third consecutive month in june. china remains the largest holder. >>> apple ceo tim cook making another visit to china today.

tim cooks five-year anniversary of being ceo of this company next week.tocks up 102% since he took the helm. >> and again everybody is so critical because they say the innovation is not there. >> well some people right here. >> well and i disagree. because i think there are aspects of what they are doing in terms of growth, steve, i know you said there is no growth, but i think people are not focused. >> tell me what cook has innovated or what has he brought -- >> he created something a little bit that steven jobs had started. but now he's, i think, made this grow even faster which is the services aspect and the amount of money spent by folks is continuing to go up faster and faster, those that are already there. >> that was in the pipeline. >> right. and it is in the pipeline. but i think he could use that and put that even further out there because of what he's put the emphasis on, which, hey, look, they don't have the next magical anything. but they've got products that people love and that is feeding into the services, which is a huge -- and it is the

. >> tim cook has an interest d ote. ourselves the unusual position of being ordered to retroactively pay additional tax to a government that says we don't owe them anymore than we've paid. government. zpl yes, this is what's so fascinating about state aid. it's ireland is getting to have its cake and eat it, too. it's getting apple and other u.s. entities and other multinational companies to ireland and not charge them taxes and at the end of the day, the european union is essentially forcing it to charge $14.5 billion in taxes, so i think that it's an interesting, ironic twist to this. i think it's also ing to think ireland wants to appeal this decision even though as tim cook points out, ireland is really the one that could benefit short-term, but perhaps not long-term. >> what about other companies that do business there, that cdonal is there. j and jrk. pfizer. have they made changes considering this investigation has been going on for a while? or is there more of this to come? >> well, several companies including a

nearly a billion iphones have been sold and the apple watch was introduced to the market since tim cook took over. tech analysts say cook doesn't have the same reputation for thatation as jobs did and his legacy will likely depend on the direction he steers the in next. areas like self driving cars, artificial intelligence and entertainment are thought to be ripe for development. we understand that cook has become eligible to unlock previously unordered stock bonuses worth over $100 million. five-year anniversary. catherine: when was i eligible that? i imagine i will be asking. thanks very much, kate moody. we are going to take a short break on live from paris. when we come back, we'll speak to a seismologist about the nowhquake in italy that has killed at least 120 people. rescue operations continuing into the night. that coming up. x]ñ]ñ]ñíñíñíñéñ 08/24/16 08/24/16 [captioning made possible by democracy now!] amy: from pacifica, this is democracy now! pres. obama: as i think anybody can see, the streets, much less the inside of the homes, people's lives have been offended by this blo

tim cook is going to do good things.now, again, fifth year and people just -- that guy -- i know rich people like lennen said if they're unhappy it's their own fault. can i say he's doing a good job beating the s&p by 12 -- well 105. >> anniversary, yeah. >> santoli tweeted this morning, it doesn't feel like it's been five years. he still feels like a new ceo. >> yeah. i know. you go out, still got -- he's quite reverendal. i think he's done a very good job in a very -- i was listening to dominic chu this morning. not an easy situation, come in, have maybe the world's greatest executive in history and then you're -- his -- his successor. i happened to feel strongly have he's doing a terrific job. on starbucks, my colleague scott berman saying cowan meant with a management dream. that's important. the last quarter was disappointing thank you scott from action alert team. it does matter. >> there's a five-year of apple which has doubled. >> but, you know, but what a bum down 44 cents. this business is worse than like a new

so i think tim cook is right on this one.ley: scott shellady, you sound like a republican destiny? >> almost. congress has counted that money come in over a tight tax rates and put in the books already. they don't want to let that money come in because it will really hurt their books. that's another thing i've been hearing about. >> umass lowell leader in the magic uniform. >> ugly the magic uniform. big-name retailers supporting profits this week. target, wal-mart, gap, you name it. are you bullish on any retailer in particular? >> no, i will say away from a sector because i don't like it. i think the data is being highly manipulated. i'm not sure how but i would rather stay with companies like amazon or google because those are the tech laced that tower the retail guys. >> good point. last quarter we were talking about a retail down and the latest reading. you buy all that, steve? >> i worried about consumer as well. july retail sales are quite weak. two months and are a very disappointing august sales. the data increasingl

meal anymore the latest mcdonald's fitness brand recall, apple shares jefrd over 100 percent since tim cooker foresteve jobs five years ago what the company needs to do to keep up success of the cook regime. ♪ ♪ ♪ with this level of engineering... it's a performance machine. with this degree of intelligence... it's a supercomputer. with this grade of protection... it's a fortress. and with this standard of luxury... it's an oasis. introducing the completely redesigned e-class. it's everything you need it to be... and more. lease the e300 for $549 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. >>>. >>> . sandra: i am sandra smith wednesday, august 24 courier top stories at kl a.m. eastern we have breaking news own that quake rocking a central italy overnight 6.2-magnitude quake striking less than 800 miles from rome at least 38 people have died, operations under way right now to search for survivors. you are looking at live pictures of the damage and rescue efforts there dozens have been killed last hour second quick in myanmar 6.8 magnitude shaking central p

that's how tim cook can get darling again. especially since they could blow out the revenues that sirius is expected to make next year, which would force these doubting analysts to put a hefty valuation on these current revenues that they seem proud and smug to ignore. all right, much more "mad money" ahead. the average sales of the epi-pen, i'm get being to the then the internet of things is making us more connected but increasing our threat of cyber attack. i'm talking with red seal. then i've not a way to keep your money rising no matter what the fed decides. we're playing am i diversified. stick with cramer. let's feed him to the sharks! squuuuack, let's feed him to the sharks! yay! and take all of his gold! and take all of his gold! ya! and hide it from the crew! ya...? squuuuack, they're all morons anyway! i never said that. they all smell bad too. no! you all smell wonderful! i smell bad! if you're a parrot, you repeat things. it's what you do. if you want to save fifteen percent or more on car insurance, you switch to

five years ago today that tim cook took over for a very sick steve jobs going from interim ceo to full-timea. cook is actually just the third ceo at apple ever. jobs twice, john sculley and cook. he's also the first ceo at a fortune 500 company to come out and he's fought congress and the fbi over user privacy. he also says he's planning to donate his entire portfolio of apple stock, about $120 mol million to charity within his lifetime. cook brought a human sense it to apple. addressed many of the problems that the chinese plants that steve jobs mostly ignored. poor working conditions, child labor, what he hasn't done so far is move apple forward with startling new products. the apple watch is the only new product since jobs' death. cook is a frequent contributor to politicians. he will cohost a fund-raiser tonight with hillary clinton. and he supports many republicans as well. >>> wall street simply cannot wait until friday. that's when janet yellen will give a big speech. i want you to watch this guy. in fact, let's take that video full for you. futures mostly flat. watch this guy hit th

tim cook picked up on the theme.hat tim cook is weighing in here on corporate tax reform as donald trump pointing out, cutting tax rate, really interesting, does tim cook sound more like republican? no. he sounds like somebody pragmatic and realistic. the cheapest stimulus is get 2 trillion in cash corporations have overseas coming home. charles: imagine if we got a frack sun, 400, $500 billion plan no american would have pay for. >> that's right. charles: thanks, emac. donald trump speech in a few moments. the question for some, will he stay on message? we'll have more on that right after this. your insurance company won't replace the full value of your totaled new car. the guy says you picked the wrong insurance plan. no, i picked the wrong insurance company. with liberty mutual new car replacement™, you won't have to worry about replacing your car because you'll get the full value back including depreciation. and if you have more than one liberty mutual policy, you qualify for a multi-policy discount, saving you m

melissa: right. >> tim cook is a smart guy. that is why he is doing it. the u.s. government has to figure out how to outhack apple. as long as they're not doing that, tim cook is doing what is best for his company. melissa: he is saying plainly what most companies think, coming from somebody who seems generally left of center. he talked about having a fun raiser for paul ryan, a little bit over the map but socially liberal, coming out saying something about not being patriotic, doing what is right for the shareholders and doing what is smart. we're following the law. if you make it fair we'll come back but the corporate tax rate is just not fair. how could folks on the right believe same thing he did, no matter what side you're on on ceo saying it publicly? >> if it helps us talk about tax rates and the economy and how this really hurts workers, when you have high corporate tax rate. a lot of research last few years, kevin hassett wrote about it in our paper. a high corporate tax rate is largely paid by workers. this is chance to make it a kitchen table issue. coo

tim cook. she has been raking in support from silicon valley at a tune of 20 to 1 of what donald trump has been raising. >>> republican donald trump was courting the latino vote today at a rally in tampa. he continues to push his plan for a wall between the u.s. and mexico to stop the flow from illegal grants in latin america. he has softened his pledge to deport millions and millions of immigrants who are already here. >> i'm going to fight to give every hispanic citizen in this country a much better future, i much better life. >> recent polls show trump trailing in florida and with clinton leading in a number of battle ground states, poll watchers say he needs to stay competitive in larger swing states. >>> in italy, a deadly earthquake ravaged the central part of the country. the death toll has risen to 159. the 6.2 quake reduced some towns to rubble and teams of rescue workers have been sifting through what's left of homes and buildings searching for people left buried underneath. ken. >> t

apple making -- opening a big new r&d facility in china according to an e-mail statement from tim cook who is in beijing. he didn't specify the office's location or how many employees there would be, but cook says it will bring together engineers from some of its existing centers in the region. apple has more than doubled its number of corporate sites in china to 45. its spending has quadrupled. alex: a lot of emerging markets have a lot of quid pro quo stuff. you invest in our economy, you bring jobs here, you can bring factories here and research and development here, we will give you greater access to the market. this is i don't think a colossal investment. it's a lot of consolidating of existing sites. it is another notch on the list of saying we are helping you,. emily: how many times has he been there in the last year? or india? alex: india is the next on the list, the real target. we will see how it goes when new iphone comes later this year. india is the next one on the target list. emily: tim cook is getting some stamps on his passport. alex, thank you so much. later we will c

goodbye 60/40, hello 500/20. ♪ >>> happy fifth anniversary, tim cook. five years as ceo of apple. t are investors ready to pop the champagne? josh lipton is live in san francisco with a look at cook's performance over the last five years. josh. >> reporter: well, michelle, let's start with what traders and investors focus on, the stock. under cook's watch apple is up more than 100%. total return to shareholder, so stock appreciation plus dividends clocking in at 121%. as for the top line apple enjoyed revenue growth of 113% through its fiscal year ending september 2015. in the three quarters since then though revenue growth has dropped an average of 8% on a quarterly basis. turning to products, cook scored a home run with that iphone 6, which drove big jumps in revenue growth from 7% in fiscal year 2014 to 28% in 2015. as for the watch, analysts say it has to be decoupled from the phone to prove a real hit long term. rbc estimates apple so far has sold 14 million watches, generating $5 billion in sales. cook does remain confident about the ipad whenever we speak, especially its rol

if we saw iphone prices go up 17 times over the last five years under tim cook's tenure and his salaryad and it seems to me like a defining moment where somebody is going to call this on the carpet. it's quite something isn't it? and it's the protection we are giving them to deliver as much as they can to the bottom line. consumers are focused on health care and hopefully it is another moment as we try to figure out why the health care system does not perform as well as so many other countries, including for epipens where we try to fix that as well. >> they tried to break down the different parts of the system. we just showed the graphic at headquaters. is the ball in their court now to explain this? >> there is a system. it's very complicated. i understand how she was looking at it. mylan does not have a right to continue to increase the profit every year doing it because it can and she has to answer for that and our business culture that is so focused on that has to answer for that but the system itself sure you could go after patent protection. that's one avenue and the other is inc

tim cook spending for survival in china.he apple chief ballast to invest even more in one of its most challenging markets. google fires a shot at apple, facebook in the mobile messaging wars. is it too late to catch up to some of the most popular apps in the world? d pulls back the curtains on his ambitions and autonomous driving saying is developing a fully autonomous vehicle for right hailing services in 2021. it would have no steering wheel. one of the last major automakers joining the push to automated driving. we are party scene types between tm and that, toyota and uber. now for disappearing up with bidu, both investing $75 million into a start up making the technology that helps cars understand their environment. it is doubling down its headcount at the palo alto research facility. but ford has not struck a partnership with one of the big ft forps like uber or ly apple or google. i cut up with mark fields and began by asking what he considers partnering with a major tech player mark: as we look at the technology and t

what do janet yellen and tim cook have in common? and then a necessity for people with is serious allergies. i'm cutting to the core of the debate around the drug. and leaked e-mails, the cyber attack, the nsa system being breached. i'm sitting down with a private player to see how it's keeping itself secure and you too. stick with cramer. >>> don't miss a second of "mad money." follow@jimcramer on twitter. have a question? tweet cramer, #mad tweets. send jim an e-mail to "mad money" @cnbc.com. or give us a call at 1-800-743-cnbc. miss something? head to "mad money".cnbc.com. hey, it's been crazy with school being back- so we're constantly going over our data limit. oh, well, now - all of our new plans come with no data overages. wow, no more overages? so that means... go on...say it... we'll finally be in control... and we're back... introducing new at&t plans with no data overage charges. bacteria can hide in food and make you ill. wow! announcer: but you can keep bacteria from ruining your day with 4 simple steps: clean, separate,

what ceo tim cook hopes to build there. >>> and planning on flying somewhere for labor day? get your tickets now. for more on a and this the rest of the news before the bell, landon dowdy live at cnbc world headquarters. good morning. >> hi, good morning. the markets could see more volatility today with the federal reserve schedule to release the minutes from last policy meeting. those minutes are expected to provide more clarity on when the fed could raise interest rates next. investors will see lows and tech giant cisco. nasdaq down 35 to 5227. meanwhile, apple ceo tim cook saying he will boost investment in china and build the company's first asia pacific research and development center there. his pledge coming during this week's trip to china. increasingly challenging the vital market for apple and apple trying to recharge iphone demand there. it's been dropping as the government becomes more wary about foreign technology. >>> and more travelers are expected to fly the labor day highway. industry trade group predicting a 4% boost. airfare declines for that increase. the

this one by tim cook and vice president lisa jackson. no press access here, but plenty oftechies who say they're supporting clinton. >> i think a lot of the reason people in tech with supporting hillary clinton is that they feel she's a known commodity with a long standing voting record in office. >> one clinton supporter says the candidate told the crowd silicon valley is in the future business. zpl and judging by some of the tech talent we've seen so far here tonight, business is is good. you'll hear from more of those who showed up to meet the candidate later tonight at 6:00. rorying live in los altos hill, scott budman a, nbc bay area news. >> so, the usually quiet sleepy town, you can hear all the helicopters buzzing above. again, this is the residential area. mrs. clinton will be here for the next 45 minutes to an hour, then off to her next event. we'll continue to follow her visit throughout the evening. >>> donald trump spents the day in tampa, where he urged hispanic and black voters to give him chance. but it's a long shot. acc

==take vo== last night clinton attended a party hosted by apple ceo tim cook.ickets cost donors up to 27 thousand dollars. reno today. last night clinton attended a party hosted by apple ceo tim cook. it costs donors up to $27,000. the event was held in the backyard of a private home. this is as close as i got. if you happen to be walking by at the time you might have heard clinton though addressing topics including arrival donald trump. clinton told the crowd she wants to create a new infrastructure-bank to cover ongoing road proje clinton told the crowd she wants to create a new infrastructure banked to cover on going road projects. and supporters are finding hard to swallow. >> she really wants to hear from everybody. she wants to know what is on everybody's mand. >> because i want to show my support particularly buzz my marn parents are immigrants, my brother is in the military. >> his allegations made yesterday suggesting clinton is a bigot. >>> today vice presidential candidate mike pence will take a break from the campaign trail to tour parts of his home

. >>> hillary clinton wrapped up a series of fundraisers in the bay area tonight, apple ceo tim cook hosted the third and final fundraiser in los angeles -- los altos. a clinton supporter shared this picture with us. earlier in the day clinton attended a fundraising luncheon at the hotel in redwood city where clinton supporters paid as little as $1000 to as much as $27,000 to attend. and in the crowd was at least one registered republican who told us why he is voting for clinton in the upcoming election. >> my party has gone completely mad. you know? i think hillary will be a great president and i hope four years from now i can go back to voting republican but for now, it's hillary. >> last night clinton was raising money in piedmont, she began her week in southern california and in just three days hillary clinton has raised an estimated $12.5 million for her campaign. >>> republican presidential nominee donald trump tried to clarify his shifting views on immigration policy during an appearance in mississippi. he held a rally in jackson after appearing in tampa florida earlier today,

apple ceo tim cook says he starts his day at 4:00 a.m. the "wall street journal" calls it the most productive hour. early birds can get a head start on their day without the distraction ofhn for your attention. chris and kate. >> somehow i think tim cook, his situation is a little bit different. getting up in his beautiful house in his beautiful office. >> a cup of coffee. >> people waiting on him, right jil? it's probably a little different. >> reporter: i think so. my morning is nothing but crazy. i mean, i'm sure you guys can relate. >> we can rae late. you're watching, hi. >> hi, tim. >> thank you, appreciate it. >>> let's get a check of the weather now. it is thursday, so close to the weekend which is very exciting. >> so close. it's going to be another nice one out there the weekend, tip top shape. we try things out. we have a chance prior to the weekend and then low humidity, tons of sunshine, summer-like temperatures, it doesn't get any better. i'll show you that in the seven day forecast. drought monitor, this will be morning. bu

see what tim cook says has to happen before they bring back money from abroad. big issue for companies an on the campaign as well. you're watching cnbc, first in business worldwide. >>> crude climbs. on a report that russia is working with saudi arabia. >> the great tax debate. find out what tim cook says needs to happen before his company brings money from abroad. >>> snubbed by adele. why the superstar is saying no to one of the biggest music events. it's monday, august 15, 2016. you're watching worldwide exchange on cnbc. >>> good morning. welcome back to worldwide exchange on cnbc. i'm sara eisen. >> i'm wilfred frost. good morning from me as wechlt let's check in on the global market picture. this morning, we're higher in the u.s. albeit only slightly by .2 or .3 of a percent. the dow expected to open higher. after market highs last week. the week as a whole was pretty much floot. the nasdaq was up one quarter of 1%. europe closing around 2 or 3% higher. the dax for the week was up 3.34%. it's up another .3 of a percent. france and the ftse just above flat.

from the company and since then, ceo tim cook has put his own stamp on apple.just weeks after he took over he instituted a gift matching program going dollar for dollar to employees who give to charities. he also took stands on issues like homosexual rights and prevented the fbi from getting access to a terrorist iphone saying he was protecting privacy of customers. >>> google is punishing sites that clutter their content with ads. if a website has a large ad or forces you to click through it, it will demote it from its website. on mobile searches it won't appear. the hope is to get you things in you're looking for faster. >>> the government is stepping in to rescue dare if i farmers. the nation's cheese surplus is at a 30-year high. sluggish demand and falling prices are to blame. farmers have seen revenue plummet 35%. today the agriculture department announced it would buy 11 million pounds to distribute to food banks. >> score one for starbucks. the california judge just threw out a lawsuit against the company that was filed by the man who complained starbuc

. >>> meanwhile, ceo tim cook selling apple's stock as they announce the date for the new iphone 7.u need to know about tim cook's plans for the future. >>> plus, it's an all-out street fight between herbalife and bill ackman. the scathing new ad existence baby buffett and just how far herbalife is planning to take its battle for redemption. oh, yeah, charlie will break it next on "countdown." ♪ ♪ (announcer vo) who says your desk phone always has to be at your desk? now, with one talk from verizon... hi, pete. i'm glad you called. (announcer vo) all your phones can work together on one number. you can move calls between phones, so conversations can go where you go. take your time. i'm not going anywhere. (announcer vo) and when you're not available, one talk helps find the right person who is. hi, john. (announcer vo) so wherever work takes you, you can put your customers first. introducing one talk-- another way verizon connects your business better. learn how at onetalk.com. i'm claudine and i quit smoking with chantix. smoking's a monkey on my back. it was, it was always control

do you think tim cook and apple backed the wrong candidate?>> i don't think this is about candidates or who gave money to whom. to me i look at the bigger picture with this situation. apple should be ashamed of themselves. why? they are seeking the lowest tax location in the world when they should be doing their business right here. >> there's something wrong with that? >> they should stop avoiding taxation here in america, sending american jobs overseas and being part of the problem. and i really reject -- i think most americans object to it. it's a major problem we have and apple is perpetuating that problem. >> daniel, danielle, do you think that apple should be paying america 35es% tax rate? >> it's 39.1% when you throw the state tax rate in as well and that puts us just above two other countries in the developed world in terms of having such high tax rates. what you're looking at right now is more systematic of the fact we haven't been table reform our corporate tax code in such a long time that as a nation we've become uncompetitive. may

about 40 points, and the nasdaq down about 23. >> perhaps some drinks at apple today, a toast to tim cook who has been ceo of five years now. >> yeah, cook took over for jobs when he was at his sickest and that happened five years ago today. cook is the first ceo of a fortune 500 company to come out. he fought congress and fbi over privatety, and he says he will donate about $120 million to charity in his lifetime. he also brought a human sensibility to apple. he addressed many of the problems of the chinese plants that steve jobs mostly ignored. poor working conditions, child labor. what he has not done so far is move apple forward with startling new products. the apple watch is the only new product since jobs death. >>> other news, if you're looking for an investment, bonds are being offered at $6. musk created all three of these companies, and the relationship is very tight. spacex buys solar city bonds, tesla is buying solar city, solar city buys batteries from tesla. there is nothing illegal, but one company in trouble could cause trouble for others. a chinese company created a bus t

she asked tim cook to do >> who runs apple. >> you keep telling. ? luckiest people in the world ? >> is it over yet. >> your voice is amazing. >> boy, does your voice come back she noticed apple siri wasn't pronouncing the name correctly. she never spells mine right but she pronounces s as a z, streisand. >> it's wrong. >> i'm saying siri does. she called the head of apple, tim cook, who delightfully said she would have her name updated. >> let's see. how do you see -- >> it's not on -- >> i was told it would. why do i believe. >> now try. >> how do you say barbra streisand. >> no match found. >> no match found. how long does the woman have to be a star. how do you -- no wonder people are cra t >> how do you -- >> now, now. >> how do you pronounce barbra streisand. >> no match found. >> no match found. >> who is -- hoda. >> okay. do it now. >> who is kathie lee gifford's co-host on the fourth hour of >> not found. >> apparently you and barbra streisand do not exist. >> what are the names of kathie lee gifford's children. if you don't know that, you're at. >> this never works. when