the ar has been tim cook's focus.m financial conferences to a tech conference a year ago. he has gone on a world tool are talking about this technology. i think it is going to be core in the next series of apple products. will those parts look like? will the hardware, software, games and apps on your phone? >> i think it will be a mix of all of those things you mentioned. definitely glasses are in development. the thing with they are glasses that apple hass to strike a balance. there are a glasses on the market right now, this can spark -- cost north of $1000, out of the normal consumer technology price range. an iphone starts at $700 for example. those are very powerful. just to connect them to a pc to get horsepower into them. on the other end of these cheaper versions of ar technologies. you see the samsung vr, it is flimsy. you see google glass, $1500 for a beta program. flimsy. apple, the king -- this company that prides themselves on the design of their technology products wants to strike a balance. it will make

the air has been tim cook's focus.ned it from financial .- a tech conference a year ago he has gone on a world tool are talking about this technology. put those parts look like? software,ardware, games and apps on your phone? >> i think it will be a mix of all of those things you mentioned. definitely glasses are in development. the thing with they are glasses is cap -- apple has to strike a balance. there are a glasses on the market right now, this can spark -- cost north of $1000, out of the normal consumer technology price range. an iphone starts at $700 for example. those are very powerful. tot to connect them to a pc get horsepower into them. on the other end of these cheaper versions of ar technologies. vr, it is samsung flimsy. you see google glass, $1500 for a beta program. flimsy. king -- this company that prides themselves on the design of their technology products wants to strike a balance. iswill make something that not very expensive but is also powerful and not flimsy. we'll see if they can pull that off.

if i was talking to tim cook, i would say this is something completely different.recognise they have a responsibility to engage with government, to engage with law enforcement agencies when there is a terrorist situation. we would do it all through carefully thought through and legal arrangements. they cannot get away with saying, "we are a different situation" — they are not. tim cook of apple says it would be wrong for the government to force us to open a back door into our products. and yet without that, you can't find out what you need to find out. i would ask him to look at other ways of helping us. it is not necessarily apple itself, it is sometimes other situations. which is why i am calling in a lot of the organisations relevant to that this week to ask them to work with us to deliver the answer. it is not about them standing back from us, this is a national problem. who are you calling in? a long list? i would rather not be going to who we are calling in, it is a long list, but it is also the smaller companies as well. to make sure there is no hiding place

this is bloomberg. ♪ caroline: tim cook has talked about a lot of technology.verless cars and television streaming to name a few. now he is making a big bet on what he thinks will be the next big thing -- augmented reality. a.r. overlays images and games on the real world. according to reports, apple has embarked on an ambitious to bring it to the masses. gurley -- is mark mark gurman who brought us those reports. what sort of products are we talking? >> it will be in a few new products in the 5-10 coming years. that would be a are glasses that would deem -- beam information to your eyes. on youramera app iphone. caroline: something along the lines of google glasses? >> their two ends of the spectrum for digital lasses. there is something on the side of flimsy, not useful on one side. on the other side, there is the oculus rift. these devices are big, powerful or. they work well and do what they say but they require a connection to a desktop computer. what apple needs and wants to do is strike a balance. they want the small, skinny factor of google glass but th

even in china, you saw where tim cook admitted within certain nations, it is been in disproportions. have a factory worker in iowa who has been out of work, and they are flying out the big wigs in jets. >> this is why you have trade agreements, you try to a-- to play by the same rules. have relatively same tax structures, you are not manipulating currencies or using cheap, unfair labor. trade agreements are important. this weekend it is hard to say globalism is win, steven mnuchin took language from a g-20 communique saying we'll avoid protectionism that was a win for nationalism this weekend. it did not move the neidl -- needle yet. charles: i believe that wall street believe its will happen. we have stalled on the big board. >> analyst say we're in a wait-and-see mode, i agree. my dad uses car analogies. so, to usually dad's language, like investors just pedal to the medal after election, 90 on highway, now they see speed bumps or traffic jams or running out of gas, they see that donald trump's policies might be running into trouble, nothing has been rejected, but nothing has been

oliver: also, tim cook is betting augmented reality can keep his company on top. >> it is a huge bet.ed people. they made acquisitions. they are making this known as their next technology. they have talked about a lot of stuff, ai, self driving cars, cloud, and ar. he has mentioned it everywhere from financial conferences to a tech conference at year ago and in salt lake city, utah. i think it will be core to the next series of apple products. oliver: what do those products look like? hardware, software, games and apps on your phone, or would they go into a new type of device? >> i think it will be a mix of all of those things. it definitely glasses are in development. there are ai glasses on the market. these usually cause north of $1000. an iphone starts at around $700, and those are very powerful. you have to connect them to a pc to get the graphics horsepower. on the other end of the spectrum, the samsung gear vr. google glasses $1500 through a beta program. they need to strike a balance and make something that is not very expensive, but also very powerful and not flimsy, so we wi

this rally from $93 when ceo tim cook came here to plug his stock. do you simply listen to this man. or maybe you listened to the various analysts that advised you to get in or out of a stock. er i believe you could catch it if you weren't brainwashed against single stock mix, tim cook stressed that the best product manages it's own fortune. inshort, you could have been in on the all-time high today, with very little effort, as long as no one scared you away from it and you listened to mr. cook. then the next all-time high that i think is right in your face, plain as this face is in your face, hope i have a lot of makeup. how is that elf doing? the next one, amazon, now we have endlessly chronicled how the malls are being killed by amazon. we should have the amazon run through here every day. you're most likely seeing the greatness of amazon yourself, or at least you see it in your neighbors boxes of trash if you don't see it. you know how easy it is? only if you bought into the commentary that it was time to sell because of the last quarter disappoi

i was talking to tim cook, i would say to them this is something completely different.loud and things like that. we want them to recognise they have a responsibility to engage with government, or law—enforcement agencies, when there is the terrorist situation. we would do it all through the carefully thought through, legally covered arrangements, but they cannot get away with saying that they are a different situation and cause they are not. the ceo of apple have said it would be wrong for them to pretend he‘s back doors. but without that, you would be able to access them. i would ask him to think again. we need other ways to get out of the situations this is why i am calling on a lot of the organisation to relevant to that this week to ask them to work with us this week to ask them to work with us to develop the answer. it is not about them standing back from others. this is a national problem. who are you calling them? i would rather not go into that. it is a fairly long list but it is also some of the smaller companies as well to make sure there is no hiding place fo

apple did the most amazing thing inventing the iphone and tim cook scaling it.ve jobs and tim cook was an amazing combination. one thing apple has never understood is social. not even in the slightest. you have to kind of get that. maybe even when we are talking about a i were the quantity of the data makes it work, and even amazon has that more than apple. and they are doing a timeless a.i. -- a time with a i it may make a difference. apple has not understood how to think about a community of people in technology. that probably is hurting them. they are great at a personal device, not a community. caroline: suddenly trying to talk of the services side of the business and the billion units. david kirkpatrick will be sticking with us. several tech stocks hit all-time highs this week. we heard david talking about apple. facebook did, too. oracle will show if the momentum is in the market. this is bloomberg. ♪ caroline: now we discuss the current ipo market earlier. what about the wider market? abigail doolittle joins us from new york with more. stocks across asia,

. >>> still to come, apple's ceo tim cook is in china today.e'll tell you why he hopped on a bicycle. stay tuned, you're watching "worldwide exchange" on cnbc. what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley >>> good morning. making headlines, a technical glitch impacted closing trades in dozens of etfs yesterday at the new york stock exchange. etfs with market values above 1$150 billion were affected, tht includes the spdr gold trust. nyc arca says it is reviewing closing prices after the glitch stopped closing symbols from completing the auction. arca handles about 10% of daily volume on u.s. exchanges. lots of people own etfs. >>> a u.s. federal judge rejected a bid by leon cooperman to dismiss the s.e.c.'s insider trading case against him and his firm omega advisers. the judge said the s.e.c. made a claim that cooperman and omega mad

then, jared kushner's new white house rule, working with the likes of bill gates, tim cook and elon muskwk alley" will be right back with the dow down 114 points. points. >>> morning for amazon, new reports that the company delayed the launch of its cashless convenience stores, this as it looks to expand into appliances and furniture. our diedre bosa has all the details. someone has to track amazon's every ambition, i guess. >> which is a difficult thing to do. we'll talk about the grocery store ambitions. amazon go was supposed to open to the public in early 2017, but the launch has been delayed due to technical complications. this according to a new report. now, will the company decline to comment on the delay, did release this video in december depicting a store that gets rid of the cashier. since then it's been open to employees only. but the journal report says the technology has had problems tracking larger groups of people and items moved from one spot to another. now, amazon go is just one brick and mortar concept the company is testing. we recently checked out some of its other

why is tim cook sold on ar versus virtual-reality? virtual is very encompassing.device, you put it on and watch movies, play games, but it really interrupts your life. it is a commercial type of environment. we see it in offices, education, medical industry. , i thought on appear glasses and i can look at you and these glasses will tell me everything about you. if there's an arafat tells me that information. but at the same time i see the real you and everything else in my life. it is not as immersive and sort of like a smart watch. theer: you've talked about actual size of the industry here. they are products will surge 80% according to research of global market in right. $165 billion over the next seven years. what form will the product take? is ank of a are right now ongoing thing where it's an app that you put on your phone that changes what you are looking at. will there be separate devices for augmented reality sold separately? >> apple is working on a pair of augmented reality glasses. it wouldn't be so immersive. it would be the size of a normal pair of ey

apple ceo tim cook tweeted he could play the guitar just like ringing a bell. miss you, chuck berry. and bruce springsteen summing it up, rock's greatest practitioner, guitarist and the greatest pure rock 'n' roll writer who ever lived. this is a tremendous loss of a giant for the ages. >>> our coverage of the death of chuck berry does continue across our digital platforms. go to nbcbayarea.com for more on his life and incredible career. >>> at elderly woman in critical condition tonight after a fire at a long-term care facility. this one in san jose started about 4:30 this afternoon and the fire was contained to just one room. firefighters will to evacuate about hundred patients as a precaution. no cause has been named. and an emotional night in the south bay as hundreds of people gathered to honor the life of a beloved little league coach stabbed to death outside of a downtown san jose nightclub. mayor anne favro is live at the santa clara fairgrounds on the outpouring of support from this community. >> reporter: frank navarro was only 35 when i was stabbed t

and maybe even build a few products here but apple's tim cook can't seem to quit china. e a much different story than we have heard from him saying globalism is great and it's important that china keeps the door open or maybe widens that door. >> is he putting profits ahead of good-paying american jobs? clayton: let's break this all down. he said he threw away all of the apple products when they pulled out of rnc sponsorship last union. wayne, great to see you this morning. welcome back to the show. this is a tricky thing for tim cook and apple, he was meeting and they are the ones that assemble the iphones in china. he wants them to bring that assembling back to the youths united states and he asked to put together a plan, in fact, may have come with his meetings with donald trump, you don't buy it, though? >> no, i think tim cook is perfectly to run for political office one day and he says one thing in one place and another in another. when he's in the united states he loves globalism and when he is in the united states he wants to brings jobs back to the united states.

meanwhile, president trump's will overhaul -- tim cook,ll work with elon musk and bill gates to overhaul -- he was convicted of organizing and unsanctioned protests. demonstrators rallied in more than eight locations. there are allegations that he colluded with a longtime friend people to a to get talk. mark: coming up, how will the upcoming elections in france and germany affect the futures for dollar and gold. utilities are among the biggest lenders in the flagship german index. this is bloomberg. ♪ vonnie: this is bloomberg markets. come now for futures and focus. oil is falling as producers say they need more time to stockpile. gold is rallying. why are we getting this $50-$60 .ove in gold what is going on here? gold has seen a huge move and it is kind of a surprise when you talk about the rate increase that we saw. the trade we are is the uncertainty not only in the u.s. versus the dollar, but across the pond in europe. you have a lot of elections. gold is not sure in when you had in the trump hide that we have seen since election coming to an suggests there is a quality trade their

. >> tim cook in china today, visiting a china bike sharing company.e is on a charm offensive in this country. i wonder, steve, if it is a risk, if the u.s. ramps up its trade rhetoric, even protectionist type measures or barriers on trade with china, is apple going to be immune because of visits like this because cook is working so hard, or is that a risk? >> china is critical to apple. used to be 2/3 of growth and now it is a drag. how the iphone 8 does next year depends on how china does. we do think the issues that apple has had in china are more cyclical than secular. we think customers are waiting for a new form factor, which we think will be provided. the apple brand around the world is strong. the iphone has been gaining in every market except china. we do think you're going to have to see improvement there. obviously, any kind of trade war with china would be problematic. i think tim cook is over there, in part, to try to head off any issues. >> steve, really quick, it is said they're building in augmented reality team. how does it fit with so

during a shareholder meeting today, ceo tim cook said the company spent about $50 billion last year with u.s. suppliers. the announcement comes after president trump said he'd pressure american companies to produce more in the u.s. cook said today the company already looks for ways to help the country because it can only exist in a healthy u.s. >>> youtube wants you to cut the cord. this spring the world's largest video site will offer a tv service for $35 a month. it will include the broadcast networks and their affiliated cable channels. that means abc and espn, which are both owned by disney. there are about three dozen channels in total. it will also include a dvr with unlimited storage and the same recommendation system you get with google. >>> well, san francisco is even more full of techies and artists than usual this week because of the thousands here to attend the game developers conference. abc 7 news reporter jonathan bloom has a look at how the tools used to make games are changing and what that means for players. >> if you shoot those guards with a missile, you'll lose your

still ahead, beginner us against warren buffett challenges tim cook.took a big bite out of apple's iphone share and the country. shery: is there danger in chinese bonds? we will get rebel banks of view on that. -- bravo banks this is bloomberg. ♪ david: welcome back. this is "bloomberg markets: asia." i am david ingles. shery: the china's central bank has long been reluctant to be influenced by its western counterpart, but the pboc raised borrowing costs just hours after fed raised rates last week. david: let's talk about the with rabobank. was that a form of tightening? >> yes, in a nutshell. david: they said it is not tightening. don't pay attention to it. >> since when have we paid attention to what officials are saying, particularly in china. a quick aside on that front, the g-20, china lionizing about the glories of free trade. it is one of the least free of economies out there in terms of major economies. into: we do want to get the trade issues later, but when it comes to money rates, does this signal a confidence in the okancial markets, that i

>>apple declined to allow us access to apple park, but ceo tim cook emphasize this campus is the visionthe late steve jobs, saying the workspaces and parkland are designed to inspire our team, as well as benefit the environment. we've achieved one of the most energy efficient buildings in the world and the campus will run entirely on renewable energy. >>apple provides connectivity throughout the world. we are about, i would say at least two thirds of our community are immigrants, and the conductivity that you get across, -- continents is remarkable. >> land once ripe with hundreds of acres of orchard, cherries and upper cut, are now home to apple park. >> the mayor of cupertino, obviously she wants more for the schools in her city. and what mayor would want that? but apple has done a lot for schools, not just here in california but also across the world. >>> 25-30% of apple employees currently go to work not using a car. >>sotomayor is concerned about that. you might have people coming and going, and the apple has committed money to caltrans and other agencies there in the valleys. and

tim cook making a stop at a bike sharing start up during his trip to china.called ofo is -- >> mofo. >> you thought i would make a joke? >> usually i do with moores foster, their thing is mofo. but ofo is one of two bike sharing startedups in ch s sharing startedups in ctartups . it expanded across several cities across china. cook wrote thanks for welcoming me today ofo team. great energy behind your mission to make commuting greener, more efficient and fun. that's nice. >>> coming up, last chance -- no jokes? you're good to go? >> i learned my lesson. becky might, she's been a potty mouth lately. >>> a new generation is entering the work force. everything you need to know about hiring generation z. and as we head to break, a look at european markets. up in germany, down in britain, up in france. kevin, meet your father. kevin e kevin kevin kevin kevin kevin kevin kevin kevin kevin kevin kevin kevin trusted advice for life. kevin, how's your mom? life well planned. see what a raymond james financial advisor can do for you. >>> time now for the executive edge

. >> reporter: apple declined to allow us access to apple park, but in a recent statement, tim cook emphasized this campus is the vision of the late steve jobs saying: the work spaces and park lands are designed to inspire our team as well as benefit the environment. we've achieved one of the most energy-efficient buildings in the world and the campus will run entirely on renewable energy. >> apple provides connectivity throughout the world. we are about -- i would say at least two-thirds of our community are immigrants and they have families all around the world, so the connectivity you get across continents through apple is just remarkable. >> reporter: land once ripe with hundreds of acres of orchards, cherries, apricots, now home to the largest company in the world. >> 2.8 million square feet. >> every time i see that -- don't you think of the pentagon? >> 12,000 employees, $5 billion. >> these tech companies are taking headquarters to a whole new level. >> it is -- you don't see that many round buildings of that size. >> it's definitely a statement, a symbol that people will look at and s

he will work with businessmen including tim cook, bill gates, elon musk.t's expected to operate as a s.w.a.t. team of strategic consultants expected to float above the daily political grind. in terms of political capital being used up, i'm sure this is something that won't particularly please most washington insiders. >> hmm. that they're going to turn to ten executives. >> ten executives. we need to solve the problems in washington. to do that, we're bringing in washington outsiders. i'm sure that will ruffle some feathers on capitol hill. >>> speaking of capitol hill on the agenda today, the senate judiciary committee is expected to vote on the nomination of neil gorsuch as supreme court justice. the committee chair said the vote could be held over a week. republicans hope to have gorsuch confirmed before april 7th. >>> this week's wall street agenda is full of economic data. look for consumer confidence in the speech by fed chair janet yellen. wednesday, pending home sales. friday, personal income, chicagchicago pmi. and look for results from lululemon,

. >> when you see the people he's planning on working her, tim cook, bill gates, these are some of thee that have been the president's strongest critics when it comes to the travel ban, for example. could this maybe be a way to bring some of those people together? >> i think if donald trump accomplishes nothing else in his presidency other than changing the atmosphere in washington from the bureaucratic mess that government is to a more streamlined, efficient, business-type of atmosphere, it will have been well worth it. i don't have a lot of faith they will be do the amount of government waste, if you trimmed all of the government waste, you can pay for anything he wants to pay for, including tax cuts. so the problem is the unions will fight you, the agencies will fight you. the lifers that don't ever get fired for incompetent performance because they're government officials will fight you the whole way. >> some say you have to start somewhere. more in just a moment. ♪ ♪ ♪ wanna get away? now you can with southwest fares as low as 59 dollars one-way. yes to low fares with nothing to h

tim cook was the best visionary.pany ranked second on the list of brands topped only by google. >>> time for ask finney. michael finney answering questions. the first question from carol in martinez who writes about online dating. she says with dating sites, you don't know what you're getting. help? >> look, i'm sure as you know, this gets tricky. meet ups and dating sites have not worked for you, there's hope. there's a lot of hope. consumer reports just did a survey. more than 40% of those who tried online dating had oregon in serious long-term relationships, including marriage. so here's what i want you to do. look for those with common interests, number one. here's a tip. consider talking to the person or at least texting with them first before you meet up in person. good friend of mine thought she found a great guy. complete opposite in the political. >> not going to work. >>> maria from san francisco asked what is going to happen to social security in the nearby future? >> there's a lot of information about soc

basically going to be an internal think tank at the white house where they will deal with ceos like tim cook at apple and elon musk at tesla to come up with how to fix the federal bureaucracy. and for those watching, the important thing is it signifies the expanding power of jared kushner. the president's son-in-law. he is a shadow diplomat and focus on this project. >> so many voter was welcome progress on those things. panel, thank you very much. >>> coming up on "new day" ted poe who resigned from the house freedom caucus will join us live. >>> we will take you inside an odd situation. devin nunes. the investigation is compromi d compromised, but democrats are not trying to push him out. why? interesting answer ahead. >> "new day" brought to you by fast signs. more than fast. more than signs. when did you see the sign? when i needed to jumpstart sales. build attendance for an event. help people find their way. fastsigns designed new directional signage. and got them back on track. get started at fastsigns.com. ♪ a lot of people have vertical blinds. well, if a lot of people jumped off a b

tim cook said i heard from many of who are deeply concerned and it's not a policy that we support.you, i'm concerned about the impact of the recent executive orders signed by president trump. and microsoft's ceo says they will continue to advocate on this important ptopic. now, what is interesting, it seems to be vocal due to the numbers that would be affected. there's a big fear for these companies and potentially could impact what trump plans to do in reforming what is known as the visa program that is noent bring in talent overseas with only a limited number of visas available. the tech companies rely on this but not many affected by the travel ban. to give you a scope and an idea of the scale of this, this information is from fiscal year 2013 and includes all seven countries in the initial ban so it would be smaller. for example, microsoft has a total of 3,770 workers here on the visa while only 12 from those seven affected countries in the original travel ban. going bell, 1,627 total. only 15 are from iran. next up, facebook has seven countries on the travel ban, six from iran

we had tim cook on. that was compelling. i seen hundreds of ceos like cook and find clues where they might be headed. you can learn from interviews in retrospect. shouldn't i have figured out what intel would do with driverless cars? the ceo came on the show in san francisco a couple weeks ago and said he wanted more exposure to driverless cars. you know i like certain companies by the frequency i had the ceos on and salesforce.com and that stock was at $8 when we got on. chuck robins doing great stuff at cisco and allergan and beth at key corp, i'll buy if it sells off with the fed. look at that, consumer product best in show. that's just a hand full of those whom i've come to respect a great deal. i can have a list this long but i got to get to the rest of the show. i've tried to get you to understand rotations and they take out a favorite stock and make them stylish again like the financials now or blast out of the oil stocks, all the oil stocks, even though some are worth buying right here, right now. finally, i made ple

. >> reporter: ceo tim cook emphasized this campus is the vision of the late steve jobs saying the workplaces and parklands will inspire our team and benefit the environment. we have achieved one ever the most energy efficient buildings in the world and the campus will run entirely on renewable energy. >> beyond all of that, apple provides connectivity throughout the world. we are about i would say at least two thirds of our city is immigrants. so the connectivity that you get through apple is remarkable. >> reporter: land once riped with hundreds of acres of orchards now home to apple park. headquarters for one of the world's largest tech companies. >> it's about two-thirds the size of the pentagon. if this apple thing doesn't work and -- >> the west wing. >> steve jobs passed away four or five months after his last appearance at the cupertino city council. he knew he wouldn't be around much longer. that is the point of this. even if he lived 10, 15 more years, this is for generations of folks to come with the apple products that we have in our hands today and our station. >> uh-huh. >> and

. >> the other apple store tim cook today is in china, he is visiting a start-up big-sharing company, clearly, he is focused on building good will and relationship in that country. it's a key growth market for apple at a time when this new administration is talking tough around china and potentially looking at trade barriers, you wonder where all of this leaves apple and its future in that country. >> you can tell i am sitting here right in front of the capitol, president trump just came by. this notion of are we going to get into a trade war with china? it's been overshadowed by so much else this week, all the huge news coming out of here. but i think the important thing is how our nation is going to bailed good relationship with china in terms of trade, but a fair one and that's going to affect apple immensely. >> worth noting, also, just apple invested in dee dee the ride sharing company. opa ininvestored in dee dee. >> speaking of news, by the way, we are watching the markets, 136. walter mentioned news out of washington. the white house is laying out new restrictions, devices big

if i was tim cook, i'd be saying, wow, okay, yeah, i'm really worried.h, i'd be shaking. >> petrified, stupefied. >> are you kidding me? >> yesterday we had all-time highs on apple, facebook, basically f.a.n.g. >> yeah, f.a.n.g. was good. david always talks a lot to me -- david's not here. he makes fun of me when i talk about the technicals, but some people telling me listen, facebook, jim, forget how well they're doing. it was an island reversal. it's like what are they stuck on "giligan's island"? by the way there was a piece out today that likes snap. >> yes. this is two days in a row where some of these smaller firms have buy ratings on snap. today it's drexel. >> yeah, what did they say what was the reason? lots of millennials using snap. well no kidding. i mean, please, don't forget that zuckerberg's got instagram, which basically is copying everything that snap's doing, shamelessly i may add, and therefore taking a lot of business. but they were talking about 60% daily active users. okay, fine, i've been saying if it goes to 17 it's interesting. t

. >> tim cook. >> it's not all fun and games. calls have workeded out just yet. >> this company has very company specific things they are doing with a new ceo, cost cutting and eventually, if it doesn't work, they will sell out, so i'm a buyer. >> okay, so, what do you do with e*trade then? it's down 7% since the end of february. >> i have been adding. around those levels. i don't think the story has changed. a lot of o the price wars with the online brokers is certainly real, but it's a small percentage of their total revenue. two, the kind of special situation story why i like it with the new ceo, with them trying to find additional growth, they have a goal of growing 2 to 3% incremental organic. if they can't find growth via like denovo or making an acquisition, they may sell out. i think this industry is consolidating. i don't think the industry is really that challenges and if the rates go up, they're very levered to that. >> sue has the latest head lains for us. >> indeed, i do. here's what's happening. the eu has officiall

a couplef thehem did not come through for us to acting maybe tim cook -- does that make you may russiansby? probably not. i would say definitely not. notpoint is, trump is eating very forthcoming with these relationships. there is this trip, drip, drip of another time. the kislyak ones, we don't have to be all that worried about those. it is the jobb of any ambassador of any given country to wander around and have conversations and try to help out his country. the real queuestions have to do with whether there is any kind ofof quid pro quo for trump -- again, trump ran on becoming more friendly to russia. trump -- you may disagree with the policy, but trump was pretty open about being willing to negotiate on ukraine as distinct from hillary clinton, who was very much a hawk on it. he did not hide that from voters. presidents are allowed to shift and change our foreign-policy, and trump has done so in other ways that ought to invite scrutiny -- for example, with one china policy. there has been almost no attention and there probably should be because we know there were lots of conversatio

tim cook has said publicly that the thing that he's most excited about in the future is augmented reality. he thinks it's better than virtual estimated. it's been estimated that could be a $165 billion market. apple is in a position they could own it if they decide to start incorporating those features with their cameras and going further with wearables. do you see it as that big of a deal, or is this just another thing like appletv and apple automotive that kind of hangs out there and then fades away? >> i certainly see it as an opportunity. i don't know if it's ultimately apple's biggest opportunity. but what we can have with augmented reality is much more significant and immersive experiences, particularly in gaming. and what we've seen from apple over the last couple of quarters, that the dominant driver of app store growth, which has been significant, has very high margins, has been in gaming. with things like pokemon and mario. so if you add in augmented reality, i think that presents a revenue opportunity in and of itself, where you have more gaming and ultimately, something that a

. >> we know that some tech companies are on board, tim cook, bill gates at microsoft. what kind of reaction from silicon valley has the white house been getting on this? it's still new but in the last 18 hours or so what are you hearing? >> quite encouraging. a lot of the silicon valley leaders are eager to work with the white house on this. the white house is focused on big data issues. and they see this as a nonetiological way to get involved with the administration the tech leaders, a lot of them opposed the travel ban. one of them i interviewed yesterday, a fundraiser for hillary clinton but is working with jared kirchner on this initiative because they see it as a way to get involved. >> put on your analyst hat for a second. this seems as though the timing is significant. it's the monday after a friday fail essentially on health care, the white house, president looking to push reworking government and reimagining government to run more like a business. do you see this being effective from a policy perspective short term or is this something that in two years we'll

the gains come as ceo tim cook is making a bet on augmented reality. company reportedly assembling a development team to work ar into existing apple products that would be cool, like the iphone and new gadget such as eyewear. one company already in the glasses game is snapping back. snap gaining after getting a first buy rating from analysts. by the end of last week snap tumbled more than 30% from the post-ipo highs. it is moving up to 19.88. that is good for a 1 and 3/4% raise. it is wonderful word for disney. of course it is. blockbuster opening for "beauty and the beast." it took in a staggering $170 million this weekend. that is just domestically. making it the 7th biggest opening of all time. largest outside of holiday or summer season. shares of the company hitting a 15-month high. up nicely over a buck at 112.79. one of the biggest boehners on the dow, active sports wear company nike. i haven't been running like i should, lori rothman at the new york stock exchange. i'm sure you have. reporter: i was going to say it shows, ash. i'm joking. h of

apple ceo tim cook who said i've heard from many of you deeply concerned about the executive order noting not a policy we support. very interesting that they didn't sign on now. mark zuckerberg said, like many of you, i'm concerned about the impact of the recent executive order signed by president trump and microsoft ceo wrote they will tcontinue to advocate on this important topic. it does seem the community is very vocal and keep pointing that the workers come from the countries affected by the travel ban and there is a big fear and president trump could potentially ended up reforming a visa ban known as the h 1 b visa bringing highly qualified people from overseas with the visas available and the tech companies rely on this visa and what's interesting it's not necessarily from the countries affected from the travel ban. it's mostly from india, from a professor from howard university, it's primarily from india. for example, microsoft has 3,770 total h 1b visas, and this is from fiscal year 2013 and it's looking at the original seven countries from the first ban. similarly, google has 15

. >> the nsa and tim cook. like i'm a known entity. i'm in the cloud. we got it back, and it was very, you know, nonchalant. i didn't -- you didn't have to tip. which is you know -- >> seth: that's nice. [ laughter ] that's a bonus. >> it's weird when you tip, when there's people's photos on the money and on the walls. >> seth: yeah, right. you're giving a smaller picture of washington. >> you've got this big one, what do you need my picture of george washington for? this one is in color. [ light laughter ] >> seth: is it refreshing to not have your phone at an evening like that? >> a little bit. >> seth: yeah. >> but also -- i did have the tableau -- like the phantom, you know, ringing - - >> seth: right. >> throughout the evening. but then -- when we have two kids, we had a little girl three months ago. >> seth: congratulations. >> thank you very much. [ cheers and applause ] i mean you know -- thank you, thank you. you know olivia did most of the work. >> seth: yeah, yeah. >> you know. >> seth: i heard, i heard. >> so yeah, every time you referred to

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as for the most innovative leader in the u.s., tim cook of apple took that prize. did for best visionary. on a list of brands that drive tech innovation, google came in first, followed by apple, tesla came in fifth, tied with amazon. >>> coming up next at 6:30, thousands of women expected to call out sick today. how one local school district is preparing for a day without women. >>> and get ready for gas prices to spike again, why state lawmakers are considering a new tax at the pump and how it could actually help your commute. >>> and we've got some issues on the commute this morning. if you are going to be riding ace rail or capital corridor, some union pacific track work going late. we just talked to officials there. i have a it's okay to cry, right? no more! we don't want anymore! [crying] ahhhhhhhhhh! everyday price and no extra monthly fees, unlike cable. speeds up to 45 megs, for $30 a month. >>> and now at 6:30, deadly wild fires across the country. the frantic effort to put out dozens of fires in eight states. >>> push to impeach. while we sleeping, alamed

are tim cook, steve jobs, or a markets giant, it is unusual, especially for a railroad company.res is not something we have seen before. >> what does he believe he possesses that makes him create this much value for shareholders that would theoretically be worth $200 million? guest: he is seen as the lebron james of the industry and has been with three different railroad companies. he has a method for operating that makes them more efficient than they have been in the past. >> i find it interesting that this is even public knowledge. where the situation ceo agrees on everything and they make an announcement. this is being adjudicated in public. csx sent this letter and said that these are the demands they heard about and what was asked for. this $200 million would begin airing teed, not stock compensation that would theoretically kick in -- would , not stocked compensation that would theoretically kick in. guest: that is correct. be inlk of this would equity. is only based on what the investment company has told us. that would only have value if they shares rise in the future. >