emily: how would you characterize tim cook's apple versus steve jobs' apple? l, i don't think about it very much. what would i say? i guess i would point out that steve's dna will always be the dna of apple, or it will be as long as i am ceo. and i think as long as anyone is, honestly. i think it is deeply embedded in the company, and we celebrate it. and it should be like that and should stay like that. obviously, things evolve over time in some other areas, as they would have if he were sitting here interviewing with you today. there is clearly, i'm sure, some things, but that is probably a better question to ask somebody who worked for both of us. emily: you said cars are an area ripe for disruption. how important is it that apple not miss out on cars? tim: i think there is a major disruption looming there, not only for self driving cars, but also the electrification piece. if you have driven an all-electric car, it is actually a marvelous experience. it is a marvelous experience not to stop at the filling station or gas station or whatever you want to call

emily: how would you characterize tim cook's apple versus steve jobs' apple? l, i don't think about it very much. what would i say? i guess i would point out that steve's dna will always be the dna of apple, or it will be as long as i am ceo. and i think as long as anyone is, honestly. i think it is deeply embedded in the company, and we celebrate it. and it should be like that and should stay like that. obviously, things evolve over time in some other areas, as they would have if he were sitting here interviewing with you today. there is clearly, i'm sure, some things, but that is probably a better question to ask somebody who worked for both of us. emily: you said cars are an area ripe for disruption. how important is it that apple not miss out on cars? tim: i think there is a major disruption looming there, not only for self driving cars, but also the electrification piece. if you have driven an all-electric car, it is actually a marvelous experience. it is a marvelous experience not to stop at the filling station or gas station or whatever you want to call

apple ceo tim cook, thank you so much. at to see you and spend time with you. ♪ ♪ announcer: "brilliant ideas," powered by hyundai motors. >> ♪ i-d-e-a, ideas ♪ ♪ narrator: nicholas hlobo is a south african artist best known for his cultures and installations -- sculptures and installations using materials that have become iconic, rubber from car tires, inner tubes, and a wealth of leather and silk bb

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apple ceo tim cook, thank you so much. to see you and spend time with you. ♪ david: what would you say the skills that you brought was, great intellect, great drive, great leadership? phil: all of that. david: let's talk about golf. phil: tiger woods, you could see coming from way back. david: in basketball, you have someone named michael jordan. phil: everybody wanted him. david: if i wore those shoes -- phil: you might. david: when you give a $400 a you million gift, you write a check? is it hard to do that? phil: yes. david: what would you say is the most favorable memory you have? and you phil: i kind of look at nike as my work of art. >> would you fix your tie, please?

apple ceo tim cook, thank you so much. at to see you and spend time with you. ♪ ♪ announcer: "brilliant ideas," powered by hyundai motors. ♪ >> ♪ i-d-e-a, ideas ♪ ♪ >> the boldness of her work is inclusive. that is bold, kind of ugly. >> it is exhilarating or inspiring and slightly terrifying at the same time. >> it looks so badly made, but it actually isn't.

apple ceo tim cook, thank you so much. at to see you and spend time with you. ♪ ♪ david: what propelled you to want to join this company? brian: i just always wanted to work for my dad. david: did he say you could start at the bottom and work your way up, or did he say you could start at number two? brian: that is maybe what i wanted to happen. david: did anybody say is he ready to be president? brian: everybody, including myself. david: have you ever had problems with your cable? brian: sure. david: is it intimidating for the cable repairman to come to your house? >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. alright. ♪ david: i don't consider myself a

apple ceo tim cook, thank you so much. at to see you and spend time with you. ♪ ♪ caroline: this is the best of "bloomberg technology." we bring you all of our top interviews from this week in tech. a change of leadership in britain's largest payment processor. we will analyze the $10 billion deal. alibaba enters the ring as it fights to ene

apple ceo tim cook, thank you so much. at to see you and spend time with you. ♪ ♪ >> the thrill of living well is in the pursuit, the pursuit of the rarest experiences, the pursuit of the finest products, the pursuit of quality in everything you do. and in all of these pursuits, you need the best intelligence to make the best decisions. >> we know that she sells for a lot, but what makes her important? >> it isn't easy. it is difficult work. >> welcome to "bloomberg pursuits," where you find information that helps you to follow your inspiration. in this edition, how to make the most of a visit to mumbai. how to choose the sports car that suits you perfectly. >> this car has a lot to offer. it says that amazing v8 engine. it has the horsepower.

what does tim cook say? plus, it is delivery day at mcdonald's is not messing around.omething up their sleeves. cheryl: you are watching trends have been. ♪ where to get in... where to get out. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. cheryl: breaking news this morning. but the debate begin. the senate taking up health care, but republicans suffered a late night setback when a plan to repeal major parts of obamacare failed to get enough votes. lauren: president trump rally president trump rally in a statement telling "the wall street journal" he is now turning to focus on tax reform. trained or investors want to hear about that. new records for the s&p announced back. the market earnings today we'll hear from this man, mark zuckerberg of facebook. the stock of 40% for part of this year. trained to hear from two dow components this morning. coca-cola and boeing. the dow up 20, could see rec

tim cook has said, can put every tool and di dye maker in one room. u.s. manufacturing job growth is at 1940s level. >> yeah, and barack obama you know talked about that, saying that manufacturing is dead in america, we did not check with american people on that, he was making a very wide accusation and did not have anything to back it up, people want to work, if you bridge job -- bring the jobs here, you are getting satzgatio salt faction -- sat faction from american people, as far as tim cook goes. america is getting a big goose egg,. liz: you know, that is a great point. tim cook said, it is not patriotic to pay more in taxes given how much the government spends, he said if you lower corporate rate he will unlock that cash overseas, they. under obama, the u.s. corporate cash pile grew two and a half times because the companies got panicked, they put 90% overseas, you bridge that home you make more jobs. >> right. but, you can't blame the manufacturer the businessman for wants to payless taxes, that is the problem with the republicans and democrats they

it is clear tim cook sees it differently. tim cook: i think we're just getting started.m incredibly excited, and clearly there is nothing i think virtually anybody would say is going to replace the smartphone anytime soon. emily: as apple looks towards the next decade and the competition stays red hot a major question remains, how long can the iphone for me at apple's -- how long can the iphone remain at apple's core? what is the outlook for the iphone? former apple analyst gene munster believes sales will peak in 2019 and will be replaced by an entirely new product. he joins us with the bloomberg consumer tech reporter mark gurman. >> what we do know is they have launched a.r. kit. we know the next iphone will have a 3-d mapping chip that will be especially geared for premium a.r. experience. and we know apple has done acquisitions. when you think about those hree together and the most logical use case for a.r. is a form of a wearable, it seems logical. the three-year is a best guess. we feel confident apple will have a new product category, but the timing is a guess. e

we got comments from tim cook radiate knowledge apple's ambitions.know apple had a deal the tests -- hertz cell technology. with the you expect to see from apple and comes to cars? >> a lot of my expectations are based on work markets done around this. -- mark has done around this. one route is to build a car entirely themselves. the second is to do software. the there's probably some sort of fleet opportunity. i had a bad prediction run apple in the tv that they will have a car, but i think it is clear it's a big market. 90 million cars sold. apple wants to have a place in it. i don't think they have their planet places far as how they will address that market. our expectations over the next five years do not include any revenue from apple cars. emily: how about air pods? parties a closet hit? -- are they a closet hit? >> they definitely are. i think it will become much more of an augmented here in product -- heraring product. you will be able to zero on a friend's conversation, to have noise around you. other biofeedback they can get, to have a lot

and the president has been pushing ceo tim cook to make plants here in the united states.e'll find out whether or not that promise is fulfilled. >>> chipotle says a sick worker cost it $1 billion in lost market cap during the earnings call ceo said a worker spread norovirus at a virginia location sickening three dozen customers. that sparked a five-day sell- off in the stock wiping out $1 billion in their market cap. investors were freaked out because the outbreak brought back fears of the 2015 e. coli outbreak that sickened customers in dozens of states and that wiped out half of chipotle's market cap. chipotle's earnings were strong and its stock is rebounding over the past couple of days. the stock market looking good this morning with all three major indices in record territory. the dow is up almost 100 points. nasdaq up 15. the s&p is up by 2. corporate earnings are looking good today. back to you. >> thank you. >>> we have learned that any police reforms for the city of berkeley will not be happening for at least a few more months. last night the city council decided

president trump says apple's chief executive, tim cook, is committed to building three plants in the investment would help the administration follow through on a big campaign promise, reviving the country's manufacturing industry. when asked, apple declined to comment. britain is hitting the brakes on new petrol and diesel vehicles. the government plans to ban new cars and vans powered by fossil fuels by 2040. government officials are expected to unveil a $332 million fund to help cut down on pollution to improve air quality. the reported move follows a similar announcement earlier this month by the french government. the south korean car—maker hyundai has posted a 51% drop in profits to $730 million. it blamed the poor performance on a slowdown in us sales, and political headwinds in china. chinese consumers bought 64% less hyundai cars compared to the same period last year. it's part of retaliation by chinese authorities who object to the installation of a new us defence system known as thaad. more stories updated throughout the day on the business live page online. on there right

. >>> a big apple announcement as well not from tim cook but from donald trump. we'll tell you all about it when "today in the bay" continues. ♪ what should i watch? show me sports. it's so fluffy! look at that fluffy unicorn! he's so fluffy i'm gonna die! your voice is awesome. the x1 voice remote. xfinity. the future of awesome. >>> good wednesday morning. let's check out what's happening in palo alto. sun rising but woe do still have some cloudy skies. at 6:13 a look at today's temperature trend by 10:00 we'll be at 66 degrees. rising into the low 70s. what's average? 77. we'll reach 83 degrees by 4:00 today. we are going to have some more above average temperatures and it really heats up over the next few days. a look at that and the forecast coming up at 6:19. >>> and we have some improvement at the bottom of your screen. you see 37 minutes from 238 down to the dumbarton bridge. the crash at alvarado has cleared. another backup causing more problems traveling south through hayward. >>> sounds pretty busy out there. 6:14. the text-alyzer may be coming to new

back in may and tim cook also seemed to indicate that he would be interested and willing to open plants here in the united states. this really seems to be sort of a turn hear in terms of tech manufacturing, specifically. >> well, you know, first of all, i don't think there's anything wrong with everybody giving everybody something to throw out there politically. i actually don't think that that's bad a thing i think apple and fox jb coconn lot to gain. they make the mac book in texas. it's really about scale. can they do the kind of scale for the iphone here that they need to? >> and the critical piece to all of this is that foxconn is a stakeholder in sharp and they're going to be making lcds here in wisconsin. that's what the report says. >> a big point, what tim just said, scale. one of the reasons it will be hard to manufacture hundreds of millions of smartphones here in the u.s. is because the supply chain is over there in asia. unless you're going to flip-flop the whole thing, it just doesn't make it work at the end of the day, this is a really great announcement. fantastic fantas

scarlet: what has tim cook's position been on the trump administration? he want to engage with the white house or has he taken a more confrontational approach? theim cook was part of panel that cap it in to talk about issues, but said he does not want to be part of the advising committee that meets every quarter. gate with theen administration and has been verbal about some issues like immigration, but the bigger issue is clearly off shore. they need an open dialogue because they have hundreds of billions of dollars offshore. that is the number one priority for him. alex webb, thank you for your thoughts. julia: up next, corporate the market tong record levels. why our next guest says she prefers equities over fixed income. from new york, this is bloomberg. ♪ whoooo. i enjoy the fresher things in life. fresh towels. fresh soaps. and of course, tripadvisor's freshest, lowest prices. so if you're anything like me... ...you'll want to check tripadvisor. we now instantly compare prices from over 200 booking sites... ...to find you the lowest price... ...on th

president trump says apple's chief executive, tim cook, is committed to building three plants in thelp the administration follow through on a big campaign promise — reviving the country's manufacturing industry. when asked, apple declined to comment. now, before we that is it i now. —— so now. —— for now. the retired that is it so now. —— so now. —— for now. the retired judge looking into the grenfell tower fire, samad and more there, as based more angerfrom residents at a public meeting. 0ne called the inquiry an exercise in futility. dan johnson reports. this meeting was impassioned. he did. —— heated. and more than once, the inquiry chair had to appeal for order. this meeting is broken up after august three hours talking. it has been fractious at times, and emotional. i think what the inquiry panel failed to take away is the frustration and anger that still exists, here, and the fact that some people don't have faith in their ability to do the job properly. people don't have faith in their ability to do the job properlym is an exercise in futility. quite honestly, i don't know why

donald trump came out and said that tim cook had committed that the tech giant would yield three big, plants in america. we reached out to apple, they would not comment at this point. we are left wondering how much of this is true. did the conversation take place? one must assume that it did. we am not sure of the nature of the conversation. one thing is clear. ever since the president came to power, he has talked about america first, a policy of bringing manufacturing and jobs back to america, making that point. we have seen companies court favour by trying to do more in terms of manufacturing in america, whether that was part of the conversation we don't know. we have an apple but fall, they have signalled that they wa nt to fall, they have signalled that they want to start a billion dollar fund to promote manufacturing jobs in the us. how might this be carried out? obviously, costs will spike. where will they be passed on to? consumers? that is the fear, that if you start making in america, is it more expensive to manufacture here? there are reasons when companies are making decisi

tim cook talked about india being where china was fire six years ago.iddle class. they have tried to bring to india older models of the iphone, and they have slightly outdated ones, ones where the software is going to leave behind. they brought manufacturing to india. whether that is paying dividends yes, that is to be seen. they don't break out the numbers for india yet. emily: iphone 8 or iphone ask? what will it be? , iks if i made the decision would like to see the iphone x. if they go for the iphone x, do they have to go for logic and then it turns into the iphone xi? emily: thanks so much. that is it for this edition of "bloomberg technology." check us out on twitter at @bl oombergtechtv. that is all for now. this is bloomberg. ♪ ♪ what should i watch? show me sports. it's so fluffy! look at that fluffy unicorn! he's so fluffy i'm gonna die! your voice is awesome. the x1 voice remote. xfinity. the future of awesome. ♪ announcer: from our studios in new york city, this is "charlie rose." we begin with politics this evening, president donald trump h

>> tim cook is very bullish augmented reality.arting to see how the growth map of apple is formulating. they have unveiled ar kits for developers to build augmented reality into apps that go into the iphone. we have reported apple is working on glasses, smart glasses of some sort that could surface over the next couple of years. it builds the runway two words -- towards that. if they can have a pallet of augmented reality software going into the hardware, it sets them up nicely for something a couple of years down the line. with the 10 year anniversary, there are two elements. -- the constant question, what is their next big thing? 10 years after the iphone it still accounts for 63% of their total sales. the other thing you have to think about with the iphone is one thing people do not talk about as often as they ought to. it is apple's ability to keep the iphone priced as a premium product could massively change the technology industry. think about play stations and consuls of the past that the client in three or four years over

>> well, i think it's pretty hypocritical when that san bernardino case was a big deal, tim cook madelike the end of the world if the fbi got in his phone with any help from apple. so he had this apocalyptic standard with the slight little threat would undermine all of our freedoms and everyone's privacy. and now they're going and doing this piece of business in china. liz: because china's what? going to be, like, ii biggest revenue driver or third for apple? >> and it's the law that you have to store the information of folks in mainland china in mainland, china. and that should be concerning to anyone in mainland china. liz: so does china have a back door that says, no, we're not going to give it to the fbi, even though that terrorist phone was his work iphone that was owned by his county employer. >> yeah. dead, guilty, and it wasn't even his phone. >> but now it looks like china is getting a back door. >> my understanding is that the problem here is that if you have all of this information on china and the chinese government says they want it for whatever reason, and you're caught

apple is not commenting that the president told the wall street journal he spoke to ceo tim cook whosed three "big, big, big plants." tim cook has fox, in china that builds iphone -- iphones. >> scone is expected to make announcements for wisconsin and michigan. >>> starting next month, ridesharing company uber plans to begin charging customers to return any items left behind in cars. drivers will not be able to charge a $15 fee when they successfully return a lost item. uber has already rolled out the policy in chicago and boston and plans to roll it out nationwide by august. meanwhile, -- >>> meanwhile, hewlett-packard ceo meg whitman according to bloomberg is a candidate to lead uber. she has reportedly been meeting with members of their leadership team as part of a short list of six being considered for the job, which uber hopes to fill up by september. >>> an alleged member of a street gang and oakland is now behind bars. officials say his social media post may have led to his downfall. >>> illegal dumping at lake merritt. why officials are warning residents to stop dumping turt

. ♪ ♪ six years since tim cook took over apple from steve jobs.rgest acquisition in history. he taken on issues like the environment, philanthropy, equality, and education. he stood up to president obama on user privacy and maintains and i want president trump despite the disagreement on climate change. now as iphone sales auto, questions remain about whether

. >> yesterday the president told the wall street journal he talked to apple's ceo tim cook, he promised to build a number of manufacturing facilities in the u.s. which is leading people to speculate that perhaps today's announcement is what the president was do we know that? >> no, it is not what he was referring to. first of all while fw oxcon is a big supplier to apple, where apple assembles the iphone this is lcd displays, and apple is not saying anything about its plans, not confirming what the president talked about in his interview with the wall street jour by all indications this is something completely different. it is foxcon, apple is not involved. what sort of incentives did the state provide to foxcon, and why would wisconsin pay to bring a factory to a state that has extremely low unemployment to begin with. >> they don't need jobs, but they need these kinds of jobs. the numbers being talked about are in the billions of dollars, already some of the watchdog groups that follow this are calling that somewhat troubling. presumably the state legislature is going to have to work

and tim cook and said apple has to lead in music, it's important to the artist community, you have to do this. >> rose: because they had shaken the music industry to its very foundation. >> right. in a positive way. they believe in artists. they believe in poppy right. they don't have free tiers. >> rose: after they came in, made their huge statement about music, records were sold in a very different way, weren't they? >> yes, but records were being stolen in a very different way before that. without apple and itunes thing, the piracy keeps getting bigger and bigger. people wanted a guy to get music dlijt and steve gait it to them. >> rose: amazon is streaming. yes. >> rose: you've got spotify. yes. >> rose: google. yes. >> rose: heightened awareness now. what's going to happen? >> the record industry is in a funny spot because netflix doesn't have a free tier as an enemy. all these services you mention have free music out there in a very elegant way. so it's the label's responsibility to do something about that to help the streaming services scale. now, on the other hand, you have th

here's ceo tim cook talking with jim cramer in may. >> we're creating an advanced manufacturing fundnitially putting $1 billion. we'll be announcing the first investment from this fund later in the month of may. >> this announcement today is not that as for foxconn and wisconsin, still no word on what incentives the state is offering. unemployment in the state is just 3.1%. wisconsin, by the way, ranked 21st in our 2017 america's top state for business study just out, strong in education and technology and innovation, but weak in workforce. partly because of the low unemployment rate as well as business friendliness. but apparently the state is friendly enough for foxconn. guys >> that's quite a story today, scott. we look for details this afternoon. our scott cohn good to see you back at hq >>> take a look at this video of softbank's ceo at trump tower back in december he's holding up a sign here that says, softbank and foxconn commit to investing $7 billion in the u.s generating 50,000 u.s. jobs over the next four years. we remember this video pretty well of course, this was before

they have not con fermed the news but back in may tim cook said the company plant to invest $1 billioncturing. >>> the agency says the number of victims was nearly cut in half last year. identity thieves steal private information and use it to file fraudulent tax returns in their name. the irs has been working closely with people to fight the problem. >>> and lyft is solving the problem for those with late-night munchies. they'll be able to add a taco bell stop to their ride using a new feature. they'll take them through a drive-through between 9:00 p.m. and 2:00 a.m. it's expected to skparnd nationally next year. >> it's great for passengers but what about the drivers. they have to smell taco bell all night long. they'll probably going on a run of their ownby the end of their night. >> right. and i met drivers who don't like people eating in their cars. roxana saberi at the new york stock exchange. thanks a lot, rapid cityoxana. >>> still ahead, football and brain damage. they make a startling discovery. i wanted to be clear. i wanted it to last. so i kept on fighting. i found somethi

. >>> president trump says apple ceo tim cook has committed to building three big plants in the united states. the president did not elaborate on where the plants would be or when they would be built. apple has declined to comment. >>> the heads of two major bay area tech companies are at odds over artificial intelligence. tesla ceo has called for regulations saying it's a fundamental risk to the existence of humans. mark zuckerburg said these doomsday are inresponsible. he said i've talked to mark about this. his understanding of the subject is limited. >> ouch. >> elon musk has to be pleased about the model s sedan gaining a top safety rating. the update comes after the automaker upgraded the emergency braking system on the vehicle. >>> it's one of the main reasons people see a doctor. in the u.s. it accounts for more than 24 million visits a year. the before asking your physician for prescription drug, consumer reports says it's a more hands on approach could help you find relief. >> reporter: for 71-year-old thomas, a typical week may include accupuncture, tai chai and a couple of

did the people at apple talk that way about tim cook?eputies talk about senior people in this circle? pig big major corporations in america. is that tolerated? >> the reason he made the call, trying to find out the source of a leak, and so -- seems like what he's really brought in to do, be the enforcer. the one who stops the leaking which is really just people talking crap about their boss. that seems to be what trump is most preoccupied with. seeing that as the biggest problem. all of these people are talking about him behind his bite. >> and he want add street fighter and is getting one in a way. >> and didn't like sean spicer, did like scaramucci as a person, come in and doing this. might be shocking to everybody else. the question, if it's okay with the president and the other people were not okay with the president, it's a forgivable sin. same time, you have jeff sessions in a position saying what everybody says in a situation they don't want to provoke more of the president's ire. trying to keep their jobs and hold to -- >> and ir

here's the problem-- i can't watch tim cook.has the wealth. the agent is the manager entrusted with it. ( kisses cash ) >> reporter: and they can have conflicting interests. in the case of "the producers," extremely conflicting. >> it's absolutely amazing that under the right circumstances, a producer could make more with a flop than he could with a hit. >> the essence of "the producers" is that these two folks, bialystock and bloom, want to rip off a bunch of investors, and by creating a flop, the investors won't want their money back. they raised 25,000% of what they actually need. they create this what they think is going to be a flop, "springtime for hitler..." ♪ springtime for hitler and germany ♪ >> ...and of course it becomes a hit, and they go to jail. these investors trusted bialystock and bloom. they couldn't actually monitor them. they turned out to be bad eggs. that is the problem with capital markets. that is the problem with me giving money to people and not knowing what they end up doing. >> reporter: but of cours

. >> as he's white water rafting between tim cook and sheryl sandberg. but we know that donald trump is going to defend his family. what is the gop leadership going to do because they have used the excuse before president trump and his family, they're new to politics. and having ivanka and jared there for example they're the mediating forces in the president's ear. donald trump is saying that anyone would have done this. jared getting deeper and deeper in this, is the gop going to say, yep, everything is okay? >> this is like watching a movie "ishtar." >> far sexier. >> warren beatty. >> look, the gop has to take a stand here. the idea that we discussed that jared kushner would want to set up the back channel for the russians he shouldn't come near national security issues. he shouldn't come anywhere near the palestinian peace plan. and what you're seeing donald trump do, the fact that what he does is he says a lot of things that are true and then mixes them with things that aren't true. so the things that he said is true, yes, oppo research comes into t

apple ceo tim cook has promised to build three big factories in the u.s. interview with the wall street journal, president did not elaborate on where or when the plans would be built. apple isn't commenting. came under fire last year because it makes most of its products in china. apple claimed it created 2 million u.s. jobs both at the company and from suppliers and app developers. >>> let's talk about uber. uber drivers may be charging some customers an added fee. tell us about that. >> yes, but this one could come in handy, especially if you're forgetful like me. quietly updated policies of a $15 fee to return lost items. only applies to boston and chicago now. will be nationwide next month. to komcompensate drivers for th time. look for data on new home sales and earnings from boeing, coke, ford and facebook. the dow rising 100 points to 21613. the nasdaq up one to 6412. >> thanks, landon. >>> 5:25. staying put. mayor of lehigh valley community says he will not leave office, even if he's indicted today. >>> plus the seah missing swimmer. how long polic

." ♪ ♪ >> it has been nearly six years since tim cook took over for steve jobs and each year, the company his own. he has unveiled the apple watch and apple music people's largest acquisition in apple history. he's taken on issues like the environment, philanthropy, equality, and education. he stood up to president obama on user privacy and maintains a dialogue with president trump, despite their disagreement on climate change. now, as iphone sales

wait to hear from tim cook. >> no comment so far from tim cook. todd horvitz, this one is for you. i say that this market, the stock market is all about strong profit. nothing to do with politics or debt. this is about profit. what do you say? >> good morning, stuart. i say yes the profits are extremely strong, but the real problem is the growth we are getting is not growth. we are not getting kept expanding. we are not seeking better jobs and that's the bigger problem. you are 100% but the profits are built on retraction, not in growing and spending in research. that could be a bigger problems down the road. stuart: i will put you down as a skeptic. you are telling me you are getting worried about maybe corrections coming? >> or the first time in a long time. we've got so much lollygagging and we've got just a train wreck in washington d.c. these guys are willing to burn the american public what they need to desperately do their jobs on both sides of the aisle. worried about a correction, but the weaker dollar will take it higher in 22018. my fear is that they reached utterly. stu

didn't say where or what they would produce, apple has not yet confirmed the news but back in may ceo tim cook says company planned to invest $1 billion in u.s. co involved in advanced manufacturing. >>> uber is trying to make drivers happier, drivers can expect protection against low ratings for factors they cannot control like high prices. driver will get $15 for returning lost item, last month uber started rolling out an in activity features and paying drivers for waiting for passengers after two minutes. >>> if you have great communication skills you may have a royal job, offer opportunity. prince william and his wife kada long with prince harry are looking for senior communications officer, at kensington palace. candidate would significantly help royal family charities. job was posted on linkedin, jim and rahel. >> i would do this. i thought it was a housekeeping thing although i would be a very good butler and do i make bed, and this is right up my alley. >> you have to find out what the qualifications are, although, i would be interest ed. >> we don't to have get up at 1:30 in the morni

president trump says apple ceo tim cook has promised to build three big factories in the u.s.n an interview with "the wall street journal" the president did not elaborate on where or when the plants would be built. apple isn't commenting. the iphone maker came under trump during the campaign because it makes most of its products in china. apple has claimed it's created 2 million u.s. jobs with the company, suppliers and developers. and uber has quietly updated its policy to let drivers start charging a $15 fee to return lost items and reports the rule only applies to boston and chicago for now, but uber says it will be nationwide next month. uber says the fee is to compensate drivers for their time. sam and laura, back over to you. >> it makes sense. >> i think it's more than fair. they have to go out of their way to bring you your wallet, your cell phone, whatever you leave in the back seat. it takes time out of their day. i am behind them. >> i feel bad for all the charges at the he hotel. >>> the nice weather continues as we hit the midway mark of the week. kari has a look