tim cook why don't we just do the leaders conference call from now on. we are in the middle of this presentation. a lot of people have been watching out for liz. in curbing the iphone addiction. it looks like it will allow you to get report activity on how long that you can limit that. at least remotely or directly on their phone. we did not explain what tongue detection is. to what point i don't know. there you have the amo g. definitely a new feature. this way you can be in your bathrobe with no hair and no makeup. so that was very cool. i just moments ago picture of what is happening at the moment. the second that it comes out. if you ask siri what is the latest situation on the global trade work she will likely say i'm not really sure. that's because the trump trade policy is hanging in the balances. balance is. they are struggling to come to terms with the president's proposals. but all of the trade tensions aren't really rattling the markets at all. and it's up a full half of percent. and traders are telling us that not only are they not afraid of

. >> would you, like tim cook, differentiate yourself from the likes of facebook and while others mayse personal data that that's something that microsoft has never done >> the thing is, for me -- one of the things i find strange about tech company ceos being asked about other tech companies, it's just not relevant to me what i want to stay true to is what is it that we, at microsoft, are in business for and how do we make progress that live up to the promise to our customers? trust is everything to us, whether it is our cloud services, our tools, our client platforms. to that point, absolutely, we'll differentiate on that point. and other companies may have different business models and different propositions and they'll have to make their own choices. >> on m & a, this is a sizeable purchase any more on the horizon? should we expect you to slow down to integrate this your stock is up on this news. >> overall, jon, i would say we always look for what are growth opportunities? in other words if there's a secular market sment that is going to grow, we'll always be attracted to that. bu

[applause] [lghr] apple ceo, tim cook there. you can watch the full interview and the new seasonf peer-to-peer conversations tonight on 9 p.m. eastern on bloomberg television. coming up, the big bucks and even they are competitive video games. any sports take over traditional sports? we will take a look, next. and later, twitter stock is skyrocketing over the last year thanks to the company's turnaround efforts. they are making >> playing video games is big business and the number of peoples watching gamers compete is skyrocketing along with prize moy. look at how many people watch the league of legends world championship. 60 million. that is more than who watched game seven of the world series. one company at the front of this explosion, and a dedicated host and provider of facilities across north america, gamers can play in its drive stage which is basically a truck with multiple gaming stations. the e-sports arena, tyler, thank you so much for joining us. business into context for us based on the trends you are saying. tell u

most iphones, remember, are assembled there and shipped around the world apple ceo tim cook has made china a real priority, making frequent visits, making big investments in companies like ride hailing giant didi. he has been talking to the trump administration, impressing upon them that trade wars will hurt the american economy the administration has told cook it wouldn't place tariffs on iphones. apple declined comment on that report but it's consistent with what cook told cnn earlier this month, saying that i don't think iphone will get a tariff on it, is my belief, based on what i've been told and what i see i just don't see that. munster says china would want to be careful about socking it to apple here after all it's a big employer over there, with more than 1 million chinese working in some way on apple products. china has used apple, in the past, as a weapon retaliation. they did delay approval of the iphone 6 apple execs interpreted that as a retaliation of obama aes administration's inindictment of chinese hackers. the last thing they want is a trade war ahead of its next b

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>>> apple's ceo, tim cook, opening up, talking everything from tech to regulation to privacy to b the first trillion-dollar company. >>> twitter investors chirping after that stock getting a huge win. >>> and the world's biggest bond fund out with a warning for you and your money it is tuesday, june 5th, and "worldwide exchange" begins right now. ♪

in the exclusive, tim cook, the ceo of apple said he was surprised after his tech habits after the apple tool called screen time. the developer conferenceeld monday was focused on healthy relationships with devices. >> i thought i was fairly disciplined about this issue. i was wrong. when i began to get the data, i was spending more time than i should. each person has to make the decision when they get their numbers as to what they would like to do. i encourage everyone to look and everyone to make an informed decision and ask themselves if they are picking up their phone ten times an hour or 20 times an hour. maybe they could do it less. >> great idea. apple has enhanced the do not disturb feature to hide notifications at night. >>> howard schultz is leaving starbucks. he will step down as executive chairman this month ending the 36-year run of the public face. he took a progressive stance on gay marriage and immigration. fueling rule opmors he had poli aspirations. something to us he has denied. >> i have no interest in public office. i have no plans to run for office. >> i have no pla

apple holding the annual worldwide developers conference in san jose, california, where tim cook tookhe stage. tim: i am happy to announce that we have over 20 million apple developers around the world. that's more than ever before. [applause] emily: while no new gadgets were announced, apple is giving the software that runs iphones and ipads a much-needed overhaul. craig federighi announced i.o.s. 12. this coming in addition to enhanced augmented reality apps and new tools to monitor and moderate tech addiction. the focus overall improving speed, efficiency and making us even more connected to our devices and those devices more connected to each other. joining us now with more is mark gurman, our "bloomberg technology" senior executive editor and those that cover apple outside the conference. both were watching this announcement. mark, i do want to start with you. all the things apple announced the most?at stands out to you mark: definitely what stands out the most to me is this i.o.s. app and mac app merger we first wrote about all the way back in december since we wrote about that.

that's why tim cook is outspoken. he's probably annoyed by that report, that development.t do well with the general -- the general message they want to send out, that they're pro-privacy. the facebook partnership program, facebook says they do that to help the device -- the device makers. bring the facebook experience to users. it doesn't look good. emily: facebook has pushed back on this report. schirra, you said facebook -- shira, you said facebook shares have recovered. and we talked about if this will put a dent in public trust. what is the real fallout from this going to be? >> i think it's going to be hard to know what the real fallout is. you're right, investors have decided they don't believe that facebook's string of privacy scandals is really hurting business or going to hurt business. but i think you can see that now politicians, regulators and the public and investors are more atuned to facebook's responsibility over the user information that it collects and how it conducts itself in the world and anytime you have these flairups, these new reports, there's the

tim cook the boss of apple? yes. is also speaking out against this policy.ers to republicans, we are seeing leaders to republicans, we are seeing pressure on leaders to republicans, we are seeing pressure on trump. leaders to republicans, we are seeing pressure on trumpm leaders to republicans, we are seeing pressure on trump. it is interesting as well, in terms of the business angle on this, i was reading an article on bbc online written by dave lee, our technology correspondent, microsoft employees are talking to microsoft bosses, because they provide some of the softwa re because they provide some of the software that enables this system to work on the southern border, to say actually we need to withdraw this, we can be seen to support this in this manner. it is interesting how everybody seems to be piling in on the debate from every single angle. in the meantime, the financial times and other papers all week, again, this story has dominated all week. you're a's plans with regard to migration. there is a picture of angela merkel above this —— europe's pla

that in the next several days. >> aeamon, thank you very much let's go back out to california where tim cook is taking the stage at the developer's conference let's listen in for about a minute as cook talks >>> good morning good morning i hear the student developers. good morning and welcome to wwdc, 2018 it is great to be back in san jose with everyone we have developers here from all over the world this morning from, 77 countries that's more than ever before >> from tim cook, we'll keep you posted anything that comes out of this. we have a lot of discussions coming up during our two hours a lot that'll be discussed will be about software i am proompro d bug fixes and more on series or other topics, we'll keep you up to date on that the market does appear to be brushing off any concerns that are there about trade. we have the dow holding onto triple digit gains as you see right there as about 190 points there about. russell 200 hit another record inner day high as scott mentioned a moment ago, nasdaq is trading a bit on its all time closing highs our >> joe, how about you? is your take or

over its trade policy tim cook sounding off on data privacy and immigration. we'll bring you his comments and a uk court could rule early as today as the fate of ubner l ubner grewalgreen's officially replaces ge on the dow "worldwide exchange" begins now. >> good morning and welcome to worldwi"worldwide exchange." let's get you a quick check on the early market action following yelled's sharp selloff. s&p 500 fell about 1.4%. you see this morning markets looking to hold their ground a little bit the dow indicated to open up about 35 points, s&p 500 up about 3. nasdaq up 19 indicated open at this hour. we did have actually steeper losses during the afternoon yesterday. they were narrowed in the last about hour, hour and a half of trading after the white house came out and kind of dimmed some of the trade tension fears let's look at treasuries yields are holding below their recent highs the ten year yield right now just under 2.89% 2.9% has been a little bit of a ceiling the last few days. two year not giving up a lot of ground there and take a look at oil, als

did you speak to tim cook himself?ver email, i did, but i also spoke to he who work with tim who i have known for years. i don't know if it was based on my advice or what they were already working on. it was great to see these steps being taken. but again, i think we need to go further, and that means these new tools also need to be available to third parties. so apis for control and data so that third parties can create specific solutions for different types of people who have different types of needs. apple can't make these kinds of specific differences in the platform, but s why th have the app store, to allow third parties to make customized things, so you can think of a digital weight watchers or of being able to combine your physical activity with your digital activity in one calendar. apple is not providing that today and maybe they don't need to, but they should allow third parties to access it so we can get a more robust solution for various needs. roline: talko us about other third parties. interestingly, the

ceo tim cook will be taking the stage in about an hour from now. among other things, apple is rolling out its digital help initiative. tim cook wants to limit the amount of time that all of us are spending looking at our devices. this is in response to concerns about excessive use of technology and how it impacts our overall well-being. they are rolling out features that help how long you roll out your phone. the digital health settings are part of the updating apple settings, ios and mack ios. developers waiting to get in are applauding apple for doing what they can to limit people's screen time. >> i think it's very responsible approach. the way our set is going, we could dial back and reconnect in other ways not just through electronic means. i think it's great. >> reporter: also we are expecting to hear more from apple about the plans to upgrade the voice assistant siri and plans to delve into the world of augmented reality. we are not expecting major hardware announcements to come out of this week's developers conference. things kick off an ho

did you speak to tim cook?ver email i did, but i also spoke to the other people who i have known for years. i don't know if it was based on my advice or what they were already working on, but you know, it was really great to see these kinds of steps being taken. but again, i think we need to go further, and that means these new tools need to be available to third parties. api's and data, api's for control and data, so that third parties can create specific solutions for different types of people who have different types of needs. apple cannot make these kind of specific differences in the platform, but that is why they have the app store, to allow third parties to make customized things. you can pick up a digital weight watchers, or being able to combine your physical activity with digital activity in one calendar. apple is not providing that today, and maybe they don't need to, but they should allow third parties to be able to make access to it so we can get a more robust solution for various different needs.

about this i've gone to tim cook. apple giving quarterly guidance. there's no need for 'to give that quarterly guidance. we've had that dialogue. i feel as though, offer a replacement to the companies still doing it because, scott, there has to be a reason -- >> i understand you saying what you being disappointed in what warren buffett said. what was he supposed to do >> warren buffett is the investor jamie dimon is the ceo he's spoken. i would have liked him to say i've shared my belief with them. that these are fantastic companies that will be around, stand the test of time and realize great stock appreciation and the current practice of them giving quarterly guidance is not needed >> isn't that by virtue of the op-ed, he's doing that did he say he spoke directly to tim cook >> no, but -- >> no, but there's a great example in that lesson, here is someone saying to that ceo of a company that he owns have that dialogue show that example. >> we don't know what conversations he's had with tim cook or not. the op-ed spea

that was apple ceo tim cook.an watch the full interview on the new season of the david rubenstein show. it is tonight at 9:00 in new york only on bloomberg television. u.k., the in the government aounced foreign tech service will invest more than 2 billion pounds into the sector. prime minister theresa may also announced a 2.5 million patient capital fund and a new startup visa for entrepreneurs. vonnie: carson block made his name calling out in shorting frauds. $20 billion of chinese frauds. today he is back with another. our own erik schatzker is in and -- is in new york. parson, welcome. carson: good morning. eric: we have built some suspense. what is the company? carson: a china-based for-profit education company. inc: anyone who invests chinese equities is probably famiar with childhood education. carson: this is a $26 billion company. you say is a fraud. ,arson: it is a real business but it's profits are fraudulent. stockou look at the price, some people might say it is institutionalized, why would they do

onstage, tim cook tout the progress they have made in the app store.here are over 20 million apple developers around the world. 10 yearstore turned old next month -- turns 10 years old next month. the app store getting over 500 million weekly visitors. today's conference is all about software that are we will hear little about hardware. and while ios is incredibly important, they are unveiling ios 12. it is about keeping developers in the ecosystem, not wanting to develop not just for the iphone, but also for the mac and apple tv and for the watch. startedatforms have looking shabby to developers. apple needs to keep them in the full because they want us to become even more connected to our devices. later in this hour, we are expecting them to unveil some new tools to help track how mu time we are spending on our apple devices. apple has gotten a lot of heat from critics for their lack of responsibility when it comes to monitoring tech addiction. we are expecting apple to unveil some sort of tool -- some type of tool to monitor how much time we are spe

tim cook woos on an alaska airline flight heading to oregon.eaking with staff because he is blind and deaf. luckily clara daly was on the flight and is being called an angel in the sky. increase's kate snow snow has more. >> tim cook was flying alone when flight attendants realized he might need help. he is blind and deaf. the flight andreaants asked if anyone knew american sign language. that's when she volunteered she has been learning it for a year. she signed into his hand so he could feel it and understand the words. >> i thought some day i would need someone needing my help in a small variation but not to this extent. >> for cook the contact was a kpfrt. >> i was very moved for her to come talk with me. maybe it was meant to be who knows. >> a fellow passenger posted photos of the two. it's been shared half a million times. one noting this story is so needed right now. another writing, such a great reminder of all the good in this world. daly thinks anyone can learn from cook and take time to enjoy the unexpected chances to connect. >> he

we're expecting to a lot at the keynote delivered by tim cook.ng to a recent bloomberg report, apple also unveiled tools for cutting down on phone use. >>> here's a live look outside right now. then he started lining up early this morning for the event. we will have more the announcements, coming up at noon. >>> right now, firefighters working to put out a firefighter in the laguna beach hills. it forced evacuation more than 2000 people. many were allowed to return. about 150 acres have -- burned. they say this 40% contained. >>> a volcano in guatemala has erupted for the second time this year. the eruption spewed smoke nearly 4 miles into the sky and covered local video -- villages with ash. thousands of homes have been evacuated. >>> today, a man who planned a sit christmas day bombing at pier 39 will plead guilty. he will be back in federal court in fresno. >>> president trump's personal attorney says his legal team would fight any attempt to have mr trump testify before a grand jury. rudy giuliani also said on the sunday talk shows that he be

this week, apple held its worldwide developer conference in san jose, where tim cook welcome developersrom around the world. happier tonot be announce we now have over 20 million apple developers around the world. that is more than ever before. while no new gadgets were announced apple is giving the , software that runs iphones and ipads overhaul. craig federighi announced i.o.s. 12. with improvements to the operating system performance and operability this coming in , addition to enhanced augmented reality apps and new tools to monitor and moderate tech addiction. the overall focus of their, improving speed, efficiency and making us even more connected to our devices and those devices more connected to each other. we were joined by our bloomberg tech senior executive -- editor in san francisco, who cover all things apple and was at the conference. stands out the most to me is this ios act merger we first wrote about. since we wrote about it, there was a lot of criticism for that story, saying it was a true, but that is what happens. to run iosallow you applications on mac computers and

. >>> up next, an exclusive interview with apple's tim cook.ow apple is trying to stop phone addiction. >> vo: they're getting more out of life by starting with miracle-gro potting mix and plant food. together, guaranteed to produce three times the harvest. more to enjoy... to share. three times the harvest. one powerful guarantee. miracle-gro. feeclaritin and relief fromwsy symptoms caused by over 200 allergens. like those from buddy. because stuffed animals are clearly no substitute for real ones. feel the clarity. and live claritin clear. and my brother ray and i started searching for answers. (vo) when it's time to navigate in-home care, follow that bright star. because brightstar care earns the same accreditation as the best hospitals. and brightstar care means an rn will customize a plan that evolves with mom's changing needs. (woman) becausome we'd keep mom at home. (vo) call 844-4-brightstar for your free home care planning guide. proven to protect street skaters and freestylers. stops up to 97% uv. lasts through heat. through sweat. co

. >> now, tim cook, the ceo of apple, has talked about use of social media in terms of addiction and, you know, he told this to cnn last week. let's just play it. >> i thought i was fairly disciplined about this and i was wrong. when i began to get the data, i found i was spending a lot more time than i should >> like where? >> i don't want to give you all the apps but just too much. >> being a little coy and interesting we want to know what apps. this isn't the first time he's opined on this. at one time he said he wouldn't let his young nieces and jeff yous spend that much time on the phones. >> people on silicone valley never let their own children do this. >> i find that extraordinary. >> isn't it? >> and also you write, and i know this concept, the waldorf schools, the waldorf system is about being absolutely disconnected from anything tech. and you write that the silicon valley executives send their kids, a lot of them, to those schools. >> well, not exclusively but there tends to be quite a distrust of our own product and i should say companies like apple, amazon, microsoft, do

tom: david, what with the surif uration with tim cook?, but tim cook is a classic, calm person. you would think he is a nervous, high charging person. he is a very easy-going personality. maybe that is one of the reasons for his success. this is the fourth season of the show. we have other interesting people, robert smith, the wealthiest african-american. ballmer,ming, steve richard branson among others. tom: have got to go. david rubenstein, dennis gartman, thank you. good morning. ♪ good morning. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consisttwork eed across mulple caons. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. it willciphering dots, only take one member o fed to push the fed took four hikes this year. cleared to launch, at&t-time warner

this five-day event kicks off with the keynote address, likely to be ceo tim cook. matt keller, abc 7 news. >>> happening today, a modesto man accused of a san francisco terror plot will return to federal court to possibly enter a guilty plea. we reported in april court documents show edward jamieson will complete guilty after telling fbi agents of his plan to use pipe bombs and guns to kill tourists. >>> a bold statement from president trump's lawyer rudy giuliani. he says the president's power so broad, the president could have shot former fbi director james comey and not be prosecuted. he would likely be impeached for ill leet c has t power to pardon himself. those comments came after "the new york times" published a letter trump's lawyer sent to special counsel robert mueller in january. it argues he cannot obstruct justice because he has the authority to shut downey p>>> at least 25 people are dea after a volcanic eruption in guatemala. this morning authorities are saying they don't know how many people are still missing. in fact, crews are searching for more b

that has stocks tumbling at the open >>> apple getting a pass what president trump told tim cook about potential china tariffs that could be a big win for the company. >>> and oil taking another leg lower ahead of the big opec meeting. we're diving into all of these stories as the london edition of "worldwide exchange" rolls on. >>> thank you very much for being with us on this tuesday. we're live from london today let's check what's leading cnbc.com right now courtney regan has more on the top stories. >>> president trump threatening tariffs on another 2$200 billion of chinese imports the new policies will go into effect if china refuses to change its practices and also if it insists on going forward with new tariffs it has announced beijing pledged to fight back if trump goes ahead with the new tariffs. >>> shares of zte sinking 25% this morning this comes after the u.s. senate passed a 7$716 billion military spending deal striking down an earlier deal allowing zte to resume doing business with u.s. companies. >>> and tesla's ceo, elon musk, is accusing one of its employees of sabota

the ceo, tim cook is trying to limit how much time all of us spend using our devices.erestinfrom e folkthat brought us the iphone. this is in response to concerns about how excessive use of technology can impact our overall well-being. apple will roll out features to help you control how long you spend on your phone or using certain apps and help parents control compulsive smartphone use. it's part of the upgraded apple operating system. developers we talked to waiting in line to get inside the convention center are applauding apple for taking steps to limit the screen time. >> i would say, definitely, it's good to strike that family balance. i have two young boys. definitely to try to strike that balance between being really protected and then having time off the screen. >> reporter: also we are expected to hear about plans for apple to upgrade the voice assistant siri and make improvements there and we may hear about apple delving into the world of augmented reality. what we are not likely to hear are major hardware announcements but that is not out of the question.

apple ceo tim cook is saying we are all about privacy. out apple was getting the information too. let's listen to tim cook. >> mark zuckerberg, what would you do? >> what would i do? i wouldn't be in this situation. we're not going to traffic in your personal life. i think it's an invasion of privacy. i think it's -- privacy to us is a human right. it's a civil liberty. and in something that is unique to america, you know? this is, like, freedom of speech and freedom of the press and privacy is right up there for us. liz: well, you know, apple has been prett good along those lines, al. and now they're involved in this too. al, go ahead. >> well, i would agree in part with your other guest. but here's the problem. the law's very clear. you have to tell people what you do. and if you don't do that, you can be subject to federal trade commission enforcement. and it looks like -- i don't know for sure -- but it looks like facebook may have told people one thing and done another thing. apple has historically been very pro privacy, even pushing

tim cook spoke to david rubenstein. >> we e going create a new site in the united states in a differentn than our two current campuses in california and texas. we are going to hire 20,000 people and we are going to spend $30 billion in in the next capex in the -- next several years. we are investing a ton in this country. yes, we are also going to buy some of our stock because our stock is a good value. from a shareholder point of view, if we can buy stock from t think it is worth less than we do, that is good for the company and good for the economy as well. people sell stock, they pay taxes on their games. -- on their gains. vonnie: you can watch the full interview in the new season of the david runstein show tonight at 9:00 p.m. on bloomberg teln. time for our global battle of kicking things off in the united states, abigail doolittle. abigail: today is fed day. we are looking for the fed to put out its policy decision that 2:00 p.m. let's take a look at a long-term chart of the 10 year yield. there are futures and options traders big on the idea that bonds could rally. there have be

so tim cook, heck of a diplomat. susan li, thank you very much. a market down 266.ll the concerns about trade. i'm going to tell you what i always tell you that's that as much as we worry about all of this, let's not forget, we are the world's biggest customer, and china's stock index, the shanghai composite took a hit of 2%. see how this shakes out in the last hour of trading. i think it's more painful for them than it is us, and maybe we might have a shot at leveling the playing field. wouldn't be that nice? liz claman over to you. >> we're watching for that. we have this breaking news everybody. wall street putting money where its mouth is giving a resounding vote of no confidence in president trump's latest trade dispute volley with china. he's bringing in $2 billion in tariffs on chinese goods, the index is down smack down in negative territory off the bat. and in negative territory for the year. down 419 points was hit around 10:30 a.m. eastern time, you can see the intra-day chart there. that moment at 10:30 a.m. was ugly enough

. >> apple ceo tim cook, a graduate of duke university school of business, delivered this year's commencement address in durham, north carolina. he received his mba from duke in 1988. thisgu is 15 minutes. [applause] >> hello, blue devils. [shouting] it's great to be back. it's onor t stand before you, both as your commencement speaker and a fellow duke graduate. i earned my degree from the fuqua school in 1988. in preparing for this speech, i reached out to one of my favorite professors from back then. bob reinheimer taught a great course in management communications, which included sharpening your public speaking skills. we hadn't spoken for decades, sr i was thrilled when he told me, he remembered a particularly gifted public speaker who took his class in the 1980s, with a bright mind and a charming personality. he said he knew way back then this person was destined for greatness. you can imagine how this made me feel. professor reinheimer had an eye for talent. and if i do say so, i think his instincts were right. melinda gates has really made her mark on the world. [laughing] 'm grateful

coverage of the 2018 commencement addresses alsonues with tim cook, that chair john hennessey at indiana university, ohio governor john kasich at the harvard kennedy school for government, kate brown at the university of colorado boulder, and illinois congressman luis gutierrez at northeastern illinois university. [applause] tim: hello, blue devils. it is great to be back at duke, and it is an honor to stand before you both as your commencement speaker and a graduate. 1988.ed my degree in in preparing for this speech, i reached out to one of my favorite professors from back then, bob ryan heimer. he taught this great course in communications, which included sharpening your public speaking skills. we had not spoken for decades, so i was thrilled when he told me he remembered a particularly gifted public speaker who took his class in the 1980's, with a bright mind, and a charming personality. he said he knew way back then this person was destined for greatness. you could imagine how this made me feel. eyeessor reinheimer had an for talent, and if i do say so myself, i think his instincts w

>> c-span's coverage continues with tim cook, apple ceo, at duke university, john hennessey and john kasich, and luis gutierrez. >> hello, blue devils. it is great to be back at duke. it is an honor to stand before you as your commencement speaker and a graduate. i earned by deree from the fuqua school in 1988. i reached out to one of my favorite professors. bob taught this great class in communications, which including public speaking skills. we hadn't spoken for decades. i was thrilled when he told me he remembered a particularly gifted public speaker who took his class in the 1980's. with a bright mind and a charming personality. he said he knew we back then this person would destined for greatness. you can imagine how this made me feel. he had an eye for talent. if i do say so myself, i think his instincts were right. melinda gates has really made her mark in the world! [laughter] i'm grateful to bob and dean and all of my duke professors. their teachings have stayed with me throughout my career. i want to thank president price and the duke faculty, and the board of trustees for

you see when steve jobs left at apple you saw pretty good things out of tim cook.n apple shareholder and i am very happy as an apple shareholder. and then you have by contrast something like general electric in jack welch. that is really the open book question. so for kevin johnson or anyone who follows like that they have to chart their own course. of course, the company has core values, basic principles. you have to remain true to those. the worst thing is trying to go 180 degrees. you have to say it's me. what am i going to do with it? how do i do something special? because the world doesn'ok it looks forwards. you have to look to the future not to what happened in the past. the question is with a competition now in that market, with saturation in the u.s. what is starbucks going to do to move forward? they will go after the out of the starbucks experience. the third place i guess the fourth place is out here. how do they -- where do you go from here? how do you go forward? that is what the focus has to be while looking at the past he has to say that's all fine

let's start out with tim cook. tim cook talked about their plans for investing in the u.s.hat he had to say. a neware going to create campus within the united states that is in a different location than ever to current campuses in california and texas. we are going to hire 20,000 people. we are going to spend $30 ex over the next two years. we are investing a ton in this country. to yes, we are also going combine some of our stock because we view our stock as a good value. from a shareholder point of combine view wy stuffrom woh ss than we do, then that is good for the company. it is good for the economy as well because it people sell stock, they sell --pay taxes on their gains. seeing david rubenstein without a tie on is like seein your teacher at the grocery store. alix: i felt that way the first time i saw david without a tie. traumatic. but to your point. at the same time yesterday, another big leader of , they are laying a bunch of people off. tesla. >> apple is in sharp contrast to tesla. pessimism, or maybe realism in a lot of cases. tesla. >>elon musk has been talki

. >> neil: tim cook said apple didn't do this.f you're right about this, they did get this stuff. >> these device makers got accesso this data. whether they're storing it's on their own servers, they have not responded -- >> neil: why would they want it? they can study the people buying their technology -- >> but tim cook said he didn't do it. did he lie? >> mark zuckerberg said he didn't do it either. >> neil: but zuckerberg saying this is something that apple would never do. am i missing something? >> you're not missing something. the way these key technological players are categorizing how they're taking data, what they're doing with it, keeps changing. that's the problem. they're creating the rules as they go along. when you look at it, facebook and these big tech companies have the keys to our data kingdom. they're making copies and sharing them with everybody else. so how are we supposed to gain control of our data? looks like it's impossible. ow this is going on?don't >> facebook is saying they didn't know. >> neil: that's

. >> we had tim cook going on record, saying he was very surprised when he got the tools and how muchusing the devices. so it is no longer an open secret. we are talking about it and moving ahead with these new tools, such as screen time from apple. i think it is a great first step, but there is a lot more we can and should do, because this is a problem that won't go away. caroline: what further steps can be taken? >> well, interestingly, the data they are going to be telling you about how much you are using the devices, is really just about your iphone and ipad together, which is great. but it is not actually going into your time on a computer. if you look at it, most adults and older kids, they are spending 30% or 50%, or even more time, on a computer. to have a part of your digital life being represented, along with your connected tv or watch, all of those things need to be put into this data package to see how much you are really using devices, not just the ones in your pocket. caroline: what about going a cross-platform, how do you see that working out? many people don't have jus

i had the opportunity to sit down with apple ceo, tim cook.t your own habits. >> i've been using it. i thought i was fairly disciplined about this. i was wrong. when i began to get the data, i found i should be spending a lot more time than i should. >> where? >> i don't want to give you all the apps and just too much. the number of times picked up the phone were too many. the number of notifications didn't make sense anymore. >> this is a stuicky time. what do you tell people worried about their smart phones. >> i think the power has shifted to the user. that is what happen l has always been about. it's giving the power from to constituti institution to the user. i'm hopeful that great things will happen from this. >> there's this idea who is in control, man or machine. you believe we can control. >> i absolutely do. i don't cub scrisubscribe to th machines take over the world. i don't worry abouti worry much thinking like machines than machines thinking about people. >> that's interesting. what do you mean? >> i mean forgetting the humanity

. >>> up next, an exclusive interview with apple's tim cook.mine's way better. this one's below market price and has bluetooth. same here, but this one has leather seats! use the cars.com app to compare price, features and value. ♪ most people come to la with big dreams. ♪ we came with big appetites. with expedia, you could book a flight, hotel, car, and activity all in one place. ♪ >>> apple is close to becoming the first company worth more than $1 trillion. with that valuation, the company says, comes responsibilities, privacy responsibilities, social responsibilities. spenng too mucmoney on their products cnn's laurie segall just finished an interview with apple's ceo tim cook. >> you guys announced a tech addiction tool that will help us limit our screen time. >> you know, we've never been focused on usage as a key parameter. and we're rolling out great tools to both make people aware of how much time they're spending and the apps they're spending them in, but also how many times they pick up their phone, how many notifications they get. em

the keynote address with tim cook is expected 10:00 this morning.in san jose, matt keller, abc 7 news. >>> two down, two to go. the warriors may not play another game at oracle this season if all goes well after they took g lwoast night over cleveland 122-103. >> steph curry was on fire. he scored 33 points including a finals record nine three-pointers. the cavaliers just couldn't come back. >> never woke up and was like, let's get nine threes and get the record. it's more so about playing the game the right way, having good intentions on the court and good things happen. pretty special night and hopefully more special things happen, we get two more wins. >> lebron james scored 29 points with 13 assists. j.r. smith who held the ball in the final seconds of game one even though the score was tied -- you remember. he got a standing ovation from warrior fans in the pregame introductions. >>> warriors fans made sure oracle was roaracle for sure. >> before the game, here is what it looked like as hundreds of fans gathered outside the ar reern nah looking

charles: tim cook being ant a critic of facebook. is a big, influential company, and tim cook has been pounding -- zuckerberg and facebook on this issue. >> they see a way t get their foot in the door and use this to their company's benefits. i am concerned about am as well. it put its servers within china. the more of this we can get, the better. if you don't want -- charles: around an anti-government intervention person. >> if congress attempt to regulate facebook. facebook has enough money to hire the lawyers to work with the regulations. but if the regulation is too sweeping it will hit the smaller companies. charles: they will build a motor around them against -- build a minnesota arounmoat around them. >> this expose' came out because germans were looking into this and facebook was found to be not all that transparent on that side of the pond. with respect to america. i'm against regulation. but we have to demand certain level of transparency because we don't want to go down that road of regulation. when it comes to apple it's

the keynote address with ceo tim cook is scheduled to start at 10:00 this morning.r, abc 7 news. >>> this morning a 13-year-old girl is recovering from what appears to be a rattle snake bike. park officials say she was hiking with friends on mt. diablo saturday when she put her hand on a rock when a snake slithered out of a crack and bit her. she was flown to john muir medical center. rangers say they've been seeing more rattle snakes than usual. >>> a modesto man accused of a san francisco terror plot will return to federal court to possibly enter a guilty plea. court documents reveal edward aaron jamieson will plead guilty this month. he was arrested last december after telling undercover fbi agents, one of whom he thought worked for isis, of plans to use pipe bombs and guns to kill tourists at pier 39. >>> at least 25 people are dead after a volcanic eruption in guatemala. this morning augt sorts say they don't know how many people are still policing. they're searching for more bodies. take a look at this brand new cell phone video. it's the volcan de fuego, it e

tim cook tells laurie segal spasaid he was surprised by the apple tool showing screen time. many time users spend on the phone and on each app. >> i thought i was fairly disciplined about this and i was wrong. wh i began to get the data, i found i was spending more time each personas to make the decision when they get their numbers as to what they would like to do and i encourage everyone to look and everyone to make an informed decision and ask themselves if they are picking up their phone 10 times an hour or 20 timeshour, maybe they could do it less. >> maybe we could all spend less time on our phones. apple is also enhanced a do not disturb feature to hide noti notificationst night when you should be sleeping. i wake up to a dozen or so alerts. >> i think i probably check too i need to check less. >>> 18 minutes past the hour. this is guatemala where the death toll from the eruption of the fuego volcano hit 69. hospitized. peopl remain including 12 children. battered residents facing more issues with a cloud of ash spread by the wind. officials warning residents of new mu

tim cook will speak at 10:00 a.m., that's what they want to hear. understand that is not one of those major announcements where he pulls something out of his pocket announcing a big new thing, we don't think. rather it's oriented towards programmers and developers who make things for apple devices. >> trying to avoid a trade war, apple has to be watching this one carefully, as a candidate, donald trump calls for huge tear i haves on electronics made in china. canada is also angry about new tariffs against their country. the prime minister was on "meet the press" astounded that trump thinks canadian steel and aluminum is a national security tletd threat to america. >> the canadian steel that's in military vehicles in the united states, the canadian aluminum that makes your fighter jet is somehow now a threat. the idea that we are somehow a national security threat to the united states is quite frankly insulting and unacceptable. >> national security threat sounds really serious, particularly long time ally like canada. understand though we can't sl t

>> it is interesting just banging around in that level and so when you think of this event with tim cook with the keynote. option traders certainly don't and the implied move between now and next friday is a little less than 2%. the stock is up 2% today expectations are not for some new hardware or anything particularly interesting i think you can have a scenario here where they talk about services and they talk about all different expanding operating system or ecosystem. these are the sorts of things that make people feel better about the services growth which made up of 15% of their total sales and the quarter they reported just a month ago. i think you set up for further consolidation in the near term in this event. what you set up for is iphone guidance that's what drive the stock and they're going to give it late july and early august. the stock usually trades in doors. i think you do a simple call calendar here. today the stock was trading at 190. you can buy the june/september, of 195 calls at 80 cents and buying one of the september of 195 calls for 6,030 cents. your max risk is

the apple developer's meeting is about to enter day two one was the tim cook show.s with what to expect on day two >> becky, apple ceo tim cook took the stage outlining for developers why they should be excited about writing apps for the iphone, ipad, and mac. >> we're also happy to announce that this week we're going to achieve another huge milestone the money that developers have earned through the app store will top $100 billion. >> apple unveiled its new mobile software ios 12 which rolls out this fall. it comes with new bells and whistles one, a so-called shortcut app for siri let's say you were heading out surfing it it would tell you about the surf conditions, look up the weather, and eta to the beach apple also unveiled new a rrr software too there's now group video chat accommodating as much as 32 people on facetime and new features to limit screen time urged the iphone maker earlier this year to create software that would help parents limit phone use. so now apple is going to roll out these new tools such as one called screentime that tells users how much