tim cook talked to reuters. there.cussion about emerging-market weakness also talked about foreign market exchange, and timing of the device and concerns about whether or not they will be able to meet demand. there is always that perennial question about production. now the backdrop of all of this warhe brewing trade between the u.s. and china. apple have talked about some of their devices, some of their smaller products being affected and there is this general question over the economy about whether or not rising interest rates, trade war with ch ina, are going to dampen consumer sentiment? amazon had a forecast for the holiday quarter that came in leiter than expected. this is a big question about whether global economic issues are weighing on consumer sentiment. selina: the bank stocks minus apple have been punished a lot. they have been pretty resilient what is interesting they have such vulnerability to what is going on in china. how are investors factoring in this china headwind? how long can they stay out of thi

tim cook is speaking about apple's global growth. ays apple's business in india was flat, and he would honestly say that he would like to see huge growth there. yet, cook did say that business n china was very strong, though gig approval is far blow historic pace. another big headline from the call -- apple will no longer report unit sales for apple iphone, ipad, and mac. mere they are explaining. >> starting the december quarter, we will no longer be providing unit sales data for iphone, ipad, and mac. as we have stated many times, our objective is to make great products and services that enrich people's lives and provide an unparalleled customer experience so that our users are very satisfied, loyal and engaged. ♪ selina: more headlines from the apple call underway. when asked about health care and growth in subscriptions, tim cook said apple has a huge opportunity. cook says apple has an intense interest in the space and has added non-monetized price. -- non-monetized products. shares of spotify declined after the company's lacklus

briefings afforde: tim cook can to talk up his security because it does not affect them. igh: that's true. i don't know if it is so smart for cook to be poking that. he could end up with an issue any day at any point in time and have to eat his words, but i think people definitely feel like apple has much fewer existential, hidden issues that could pop up at any point in time. romaine: can we talk about some of their other products other than the iphone? are they still relevant? they just released these new macbooks and ipads, and the percentage of sales is obviously not the behemoth that the iphone is, but how critical is that when you weigh the evaluation? leigh: i look at this in two different ways. ne, hardware, too, software -- two, software. when was the last time that apple put out a software that everyone loved? apple mavs was a disaster, apple music was a disaster -- maps was a disaster, apple music was a disaster. people don't care about the software. the hardware is relatively high-margin relative to other providers. the earbuds have done well. the watch has don

listen to what tim cook said. >> i am not a big fan of regulation. i'm a believer in the free market. but we have to admit when the free market's not working and it hasn't worked here. i think it's inevitable that there will be some level of regulation. >> uris by tim cook is so smart. he appears magnanimous, reaching out to the government before it reaches to him and strangled his neck at least these companies out there. he's got a look at this and say he knows it's coming. playing offense, not defense. >> anybody in their right mind can look at what congress has done with regulation, particularly something as sophisticated as technology and say these guys inside the beltway don't know one teaspoon as much as the people in silicon valley. in what way do they think they can outsmart technology with regulations? >> they can't. >> i'll take that. i don't think they can. when tim cook said not working here referring to free-market it's not clear to me if he was talking about apple or the facebook and twitter. >> exactly what he was talking about. that's

maybe we are hearing tim cook say the same about tech? >> obviously when it came out of barack obama, it was dodd-frank and that monstrous regulatory scheme, caused a lot of problems for midsized and small banks. here's the deal. with democrats in charge of the house and with folks like elizabeth warren running for president in 2020, tech regulations are coming. the only question is how and when. the good news for tech is president trump doesn't like regulations and essentially what i can see happening here, because there's bipartisan appetite when it comes to data privacy on capitol hill, something narrowly tailored towards data privacy with an eye on what's going on in the eu. charles: you know, lot of people say the constitution could not have taken into account the emergence of facebook or amazon, so maybe this gets murky. help clear this up. from a law point of view, what could be applied to them that would also not abuse the first amendment? >> well, facebook has been very careful to make sure they are not a public utility, that the

coming up, tim cook issuing a major warning for big technology.t the apple chief had to say about the change coming to silicon valley. real life santa claus, spreading holiday cheer at a vermont walmart, that story later this hour. ♪ my heart is full of love and desire for you. ♪ so come on now let's do what e got to do. ♪ starting this fire. if you're waiting patiently for a liver transplant, it could cost you your life. it's time to get out of line with upmc. at upmc, living-donor transplants put you first. so you don't die waiting. upmc does more living-donor liver transplants than any other center in the nation. find out more and get out of line today. dagen: welcome back. i'm dagen mcdowell in for maria bartiromo. it's monday, november 19th. your top stories at 7:30 a.m. eastern. futures pointing to a lower open this morning. 78 point loss on the dow futures right now, this after a week of red for the major market gauges. the dow and nasdaq last week both falling more than 2%. the s&p 500 down more than 1.5%. in europe we had a little bit of

. >>> tim cook has a warning for tech companies. what he says is coming whether what he says is coming whether they like it or and i take my job seriously. while i'm busy watching the game, i need your help keeping an eye on the stands. if you see something that doesn't look quite right, tell a law enforcement official. we all play an important role in protecting our communities, and you can help. if you see something suspicious, say something to local authorities. [ crowd cheering ] ♪i am beautiful in every single way♪ ♪words, can't bring me down♪ >>> healthy air is selenas. socal, not so much, l.a., santa barbara. a few spots of poor air quality around tahoe. look at this. san joaquin to 10:00 tomorrow morning. air quality warning. high clouds and temperatures in the upper 60s to low 70s. the coast, 61. let me show you what happens in tahoe. wednesday, snow showers. rain and snow thursday and more snow friday. >>> health officials say there is no reason to skip thanksgiving dinner because of salmonella linked to jenny o turkey. a

. >> apple's tim cook. >> sure. >> sure. ibm is not really exposed. >> sure. it is a relatively easy way to

tim cook is spending the day with ivanka trump touring schools.his provides an extended conversation with the president's daughter and senior advisor before trump holds a key meeting with xi jinping in but with our rights -- in but authorities -- buenos ares. our next guest has a bayreuth redone apple on $220 and with us from -- -- our next guest has a buy apple.for tom, let's start with you. you are watching china very carefully saying it is the biggest single threat to shares of apple. how seriously are you taking this threat for president trump? >> i think today, you have to assume everything out of china will be tariffs. i think on the assumption, you have to think about two has -- about who has pricing power. if you look at apple and take the least expensive new iphone, the xr, is more expensive than the apple a. -- apple 8. i think apple has the ability to better withstand tariffs than their competitors. brad: let's put the potential impact aside. do you think the president really means this? >> absolutely. to date, you have had multiple rou

easy to call for that if you're tim cook. >> absolutely.h easier if you are tim cook than say mark zuckerberg, right? so i think, look, regulation, it's already, europe is really pushing for regulation on these companies, google, facebook, and the democrats here are really pushing for more regulation. it's a matter of time before regulation gets put into place. the big question is, what is it going to look like, how impactful will it be for these companies. it seems to be there does need to be some sort of regulation, but to the extent that we can have as little regulation as possible, i think is important. connell: that's always what business is rooting for. david, the people you are speaking to, what's something we cannot count on, but sort of start to anticipate for next year, from the point of view of regulation of big tech? >> yeah. i think the big question is whether or not the regulation will be enough for democrats to say yes, we can preempt state regulation, particularly in california, which has sort of led the way. preemption is t

tim cook, the boss of apple, with his exuberant explanation of those new products.ston is managing director of the marketing firm agillic. good to see you. the results, will apple deliver in terms of the high expectations this time? it does have to go above and beyond, doesn't it? a very simple answer, almost certainly yes. we're expecting them to post yet another double—digit growth year—on—year on their profits and on their sales when they report later today, and that means that they are a year and a half into double—digit growth year—on—year, which is a huge turnaround considering they seemed to be struggling a couple of years ago, didn't they? for me the big story is not so much about the refresh on the mac air, it's about the new ipad, the ipad pro, which costs nearly £2000 if you want to spend that, and people are spending that in droves, as well as the phones. they're shifting everybody into the ios system rather than the mac os system. what's interesting, a few yea rs system. what's interesting, a few years ago there was this sign of wea kness years ago ther

apple's ceo tim cook says new regulations are coming for tech companies. silicon valley facing criticism. in an interview on hbo, cook says regulations are inevitable. >> you think it is inevitable? >> generally speaking i am not a big fan of regulation. i'm a big believer in the free market. we have to admit when the free market's not working. it hasn't worked here. i think it is inevitable there will be some level of regulation. >> cook has pushed for a privacy legislation. cook said privacy is the issue that will define the legacy of this generation. >>> facebook still facing anger, outrage and backlash after the investigation suggested it spectacularly failed to recognize russia investigation interference. facebook's former chief of security alex stamos wrote that the lawmakers and media were all to blame in 2016 and called on congress to update the nixon-era laws. >>> authorities in butte county, california found the remains of another victim in the camp fire. the death toll in the deadliest wildfire is now at 77. nearly 1,000 people still unaccounted

marc: tim cook is on the right side of history.have called for national privacy law here in the united states. we have gdpr in europe that is doing a fantastic job to protect european citizens. they have more protection and control than any other region in the world. we need that in the united states. the privacy debates we are having in our city, we wouldn't be having them if we were in paris or london or munich. we need a national privacy law in the united states. we need some of our great senators and congresspeople to say we will write this law and get this done. we are trying to abdicate for that. -- advocate for that. right now our data is being misused in ways we don't understand. all that needs to come into the light. companies need to address their core values. what is the most important thing to facebook? what is the most important thing to salesforce? for us, it is trust. nothing is more important than the trust we have with our key stakeholders. that includes our customers, partners, shareholders, and of the homeless. t

i asked tim cook about that. he told me if you low back at the top end of the iphone lineup we grew double digit units a, compounded when you look at aasp it was a huge quarter on the high end of the lynn the xs and xs max are officially available in late september. we have had analyst coming on telling us that the xr will be the biggest seller we asked about cook about that. he said we don't predict beyond the current quarter we think it's a big seller we creativitied it to get the advance technology to more people i think on the call as it kicks off, the street wants more insight into the iphone mix in q 1, xs, xs max and the r. and the 93 billion the street was at 93 billion tim cook telling us there are realities including tough he were conference and foreign exchange headwinds backup you the street wants to hear more. certainly the trajectory the services will be key the faster growing higher margin business and the then the supply demand issues he told us he is listening to q with an unprecedented number of

. >> apple ceo tim cook talks about regulation in the tech industry. >>> a possible breakthrough for kids with peanut allergies. the trick? peanuts. doesn't work for everyone. this is important to look at this is study. -- look at this study. welcome back to "early start." 1 in 50 americans with a peanut allergy. >> i'm dave briggs. we start with the white house. president trump says acting attorney general matt whitaker will make the call whether to restrict the russia investigation. all eyes on special counsel robert mueller waiting his next move. fox news' chris wallace asked the president if he would allow whitaker to limit the mueller probe. >> if whitaker decides to limit or curtail the mueller investigation, are you okay with that? >> it is going to be up to him. i think he is very well aware politically. i think he's astute politically. he is a very smart person. a very respected person. he's going to do what's right. >> in the weeks since the president forced jeff sessions to resign as attorney general, democrats called for whitaker to recuse himself from oversight of the ru

almost easy for tim cook to say this because it doesn't affect his company as much as the others. >> i think it affects his company. it is a little bit of then they came for me when it comes to regulation. you start with data, they will come for apple eventually. a major negative for the entire sector which is relatively lightly regulated up to this point. >> no end in sight, trade tensions between the u.s. and china rattling the markets today. investors are closely watching for the up coming meeting between president trump and the chinese president at the end of this month. edward lawrence is live at the white house with the latest. edward? >> vice president mike pence gave an update today to the president saying that he kept that tough tone while he was at the asia pacific economic cooperation summit this past weekend. now, the vice president very tough on china, saying that the u.s. will not change course unless china changes its trade practices to make more free trade. the u.s. specifically would like to see lower trade barriers to protect intellectual property from u.s. companie

tim cook and company report earnin earnings. to our tech panel. john swartz and kevin kelley of benchmark investments. we can put up, guys, what the expectation is and as we put that up onscreen, specifically $2.78 per share is the expectation for this fourth quarter, revenue of $61 -- sorry, $61.57 billion, but it is the whisper number, what wall street wants. kevin, that's a lot higher. isn't it? >> yeah. it is a lot higher. if you look, it's just shy of $3 a share. i mean, that's on the low end. i have seen $2.95. we have seen $3.02. this is really going to be focused on the refresh. 60% of the revenues still come from the iphone and everybody is anticipating that the new xr model should help lead consumers to refresh those older phones, because we have seen the cycle go from two years to three years. so if the xr is not going to do it, it's their lower end price model, then what will? so we are going to see guidance in that. i think one more thing that investors should be looking for is what's going on in china. we have seen their revenues com

of the biggest tech company in america, apple's tim cook. >> tim cook: this is surveillance. and these stockpiles of personal data serve only to enrich the companies that collect them. >> kroft: speaking in brussels, cook did not say which companies he was talking about, but apple wasn't one of them. its business model is making and selling phones and computers, not marketing personal information for advertising, like google and facebook. >> tim cook: our own information, from the everyday to the deeply personal, is being weaponized against us with military efficiency. it is time for the rest of the world, including my home country, to follow your lead. >> kroft: most people would agree that the point man in europe has been a spiky-haired 31-year-old viennese lawyer named max schrems, who has been inflicting misery in silicon valley for the past seven years. he not only brought international attention to the issue of data privacy, he brought big tech lawyers into court. in the information age, he says data is the most important commodity. the question is, who does it belong t

molly: -- there has been criticism facebook,book -- of and facebook saying tim cook has consistentlyzed our business model. there is no need to employ anyone else to do this for us. amanda: it is really interesting to see this. the stock has been down but it has been done before in recovered. we will continue to watch it. bloomberg users can track the chart to see on the show. .nction is the gtv this is bloomberg. ♪ mark: i am mark crumpton with bloomberg's first word news. theresa may says she believes " with every fiber of my being" that her brexit plan is the comments came after a press conference where she addressed draft outline of a brexit plan that her cabinet approved this week. defined in the face of mounting criticism, she said today she is andplanning to give up would resist a leadership challenge, saying, am i going to see this through, yes. factions of britain's conservative party confirmed he filed a letter of no confidence in prime minister may and that he thinks former foreign secretary boris johnson would be a strong candidate to replace her. parliament, hee said

you to hear what tim cook has to say.ber, what can tim cook say do you think to sort of -- i don't want to say soothe but at least calm the way people feel in the initial reaction. >> so i wouldn't invest much credibility in that. >> tim could definitely change the outlook if he is talking about either orders or other plans or announcing other products i don't think this is a disaster report i i'm just saying it has been clear for several years going now they have stagnated. i know we want to dismiss that >> it is a disaster. it is to improve the prospects i don't think you're looking at any big long-term selloff. it comes down to more importantly what you'll see in march. once you get that you a view of what's going on with this new model. >> so we'll give you the final word on the call here. it seems to me one of the key questions has to be embedded in that forecast. is it something this we are seeing in sales that appear to be weaker or lower priced iphones? we know it has been such a major driver in this quarter >> yo

i want to talk to you about the interview that tim cook did.has been criticizing companies like google and facebook for the way that they handle user data and profit off of it. he is defending the fact that google is on the iphone as the default search engine. he says it is the best. he says it is not a perfect thing, but it goes a long way to helping. here now, he has made a point to criticize others. what do you think of his argument as to why they continue to make google the default search engine? >> it goes to a point about google search. we have been talking about data privacy and things like that. they are a good service and we give up our information for that. facebook is an example. google search is a lot different. that. you are out and about and you type it in and you get a good result. tim cook cannot sell a good iphone without a good search engine. if you're going to put google on your phone, you may as well take billions of dollars from them. emily: we will continue to cover this one. coming up next, will those who hold the power a

the white house said the list is not complete so it's still possible that tim cook could also take part. >>> there's a bill in the state legislature to ban the sale of flavored e-cigarettes pick state senator jerry hill will introduce the bill when the legislature reconvenes next week the goal is to stop the growing use of e-cigarettes by teenagers. the law would ban sales in retail stores and vending machines. violators would face fines of up to $600 for a first offense. >>> several bay area restaurants are celebrating. they were awarded a shell and stars more than 50 bay area restaurants earned at least one star in the latest michelin guide and eight earned three stars. as jana katsuyama tells us, one of the chef's honored is making history. >> reporter: the moment so many chefs work a lifetime to achieve finally came for dominique on thursday pick the first woman in the usa to get three michelin stars. success savored with friends and staff at her restaurant at the michelin party thursday night. san francisco's finest culinary talents gathered to celebrate and reflect on the moment,

one of the interesting things about apple is tim cook. as tim cook ever going to live up to steve jobs. always an overhang. everyone will question his ability to innovate like steve jobs does whether any products. one other point. among all the bank stocks, the one stock i think that is somewhat immune to regulatory pressure here is apple. netflix, take them out because netflix they're not quite a technology company that deals with privacy issue. if you look at the other companies, facebook, twitter, even amazon they'll come up with some degree of regulatory pressure whether democrats control congress after the midterms or whether republicans control congress. >> i don't think apple just based on its business model is going to fit in the regulatory process. they may be in the trade crosshairs. >> that's because they've become too big to fail or because they're so good that the public likes them. charlie: they don't have the policy issues. >> after wondering where you were. first of all -- [inaudible] the race to really great points. on th

tim cook says it's only a matter of time now before tech companies face a raft of new regulations to protect their customers cook said that he was not a fan of regulation and that if the free market is not working regulation is inevitable comments come up for an exposé in the new york times about how facebook what to downplay the impact and extent of russian meddling on its platform before the us. elections of twenty sixteen and hired p.r. companies to discredit its critics. something for christie going by and tim cook saying new regulations are inevitable are tech companies now beginning to develop something like a social conscience. i want to go they're being forced to really among a growing sense stabbed in the past boom years they have paid of their shareholders but they haven't really paid their part to society as a whole in its not just privacy a very very concrete example is the so-called homeless tax in san francisco so for years tech companies in san francisco have profited from pretty major tax cuts and bringing in well paid employees has driven up housing prices but that's

the reason why that's happening as well and tim cook is way ahead of this. so we are going to see -- yeah, the appleshare. we'll see regulation of some sort on the tech company. i'm waiting for one of these 30 democrats running for office, one of them will decide going against big tech is the equivalent of going against wall street in 2008 in the opaque data. david: what a segue into this intro. did facebook ceo mark zuckerberg interviewees investors worry sir just make them worse? >> did you another leaders try to minimize russia's role in spreading propaganda on the platform? >> no. look, here is what happened. ♪ david: facebook ceo mark zuckerberg defending a social network over recent scandals in a cnn interview but struggling to answer some questions, they let some investors nervous. take a listen. >> did you another leaders try to minimize russia's role in spreading propaganda on the platform? >> no. look, here's what happened. >> house on the reporter power you repeatedly denied he knew anything about hiring this opposition group pr firm. can you stay

tim cook is bullish. cfo said it would stop reporting the unit sales numbers. >> we are going into the holidays with strongest product lineup ever and we could not be more bullish about the future. >> the december quarter, we are no longer providing unit sales data for iphones, ipads and macs. david: shannon cross has a rating on apple and a price target of $260. welcome. to theestors react badly disappointment on the number of sales for last quarter or that they will never get the numbers again? shannon: combination. clearly it was like from the standpoint of units, revenue was fine. the strength of the model remains. with regard to disclosure, investors typically don't like to lose numbers disclosed. apple is the only one in the industry who gave those numbers. they will still be working with market share guides. industry numbers will not be in flux. they are trying to emphasize the power of recurring revenue stream off installed base. we encouraged them to provide more metrics. they probably will over

. >> attorney silicon valley ceo tim cook weighs in on regulating the tech world. taking a look at futures on your monday, of course, thanksgiving this week but dow is down 20 on this monday s&p down two and quarter with and nasdaq up six and quarter. stocks are trading in europe across the board and up a third of one percent. >> taking a look at asia right now as you can see asia a mixed bag. singapore strict time dun and nikkei are in the green. >> elon musk takes it a page out of python playbook. [laughter] >> never thought i would say that. your mother was a hamster and your father smelled of elderberries. >> okay. the job requirements you want to score a new gig at the boring company. fbn:am starts right now. >> 5:01 a.m. in new york monday november 19th good morning i'm cheryl casone 2378 >> oh happy monday welcome back. good morning everybody i'm lauren simonetti. >> so much let me get my resumÉ together for the boring company maybe not it look brutal. things are brutal in florida they have been as far as that e recount goes and breaking news this morning, f

the reason why that's happening as well and tim cook is way ahead of this. so we are going to see -- yeah, the appleshare. we'll see regulation of some sort on the tech company. i'm waiting for one of these 30 democrats running for office, one of them will decide going against big tech is the equivalent of going against wall street in 2008 in the opaque data. david: what a segue into this intro. did facebook ceo mark zuckerberg interviewees investors worry sir just make them worse? >> did you another leaders try to minimize russia's role in spreading propaganda on the platform? >> no. >> no. look, here is what if you're waiting patiently for a liver transplant, it could cost you your life. it's time to get out of line with upmc. at upmc, living-donor transplants put you first. so you don't die waiting. upmc does more living-donor liver transplants than any other center in the nation. find out more and get out of line today. starts with a december to remember at the lexus december to remember sales event. lease the 2018 ls 500 for $769 a month for 36 months.

the reason why that's happening as well and tim cook is way ahead of this. so we are going to see -- yeah, the appleshare. we'll see regulation of some sort on the tech company. i'm waiting for one of these 30 democrats running for office, one of them will decide going against big tech is the equivalent of going against wall street in 2008 in the opaque data. david: what a segue into this intro. did facebook ceo mark zuckerberg interviewees investors worry sir just make them worse? >> did you another leaders try to minimize russia's role in spreading propaganda on the platform? >> no. >> no. look, here is what ron! soh really? going on at schwab. thank you clients? well jd power did just rank them highest in investor satisfaction with full service brokerage firms...again. and online equity trades are only $4.95... i mean you can't have low cost and be full service. it's impossible. it's like having your cake and eating it too. ask your broker if they offer award-winning full service and low costs. how am i going to explain this? if you don't like their answe

apple's tim cook warns the tech crowd. watch out. regulation is coming. >> i am not a big fan of regulation. i'm for a free market. but we have to admit when the free market isn't working and there will be some type of regulation. liz: in the senator's letter to facebook the senators asking you, facebook, you used outside contractors to retaliate against your critics by spreading retaliatory information about them. have you ever collected your platt form to collect information on people who scrutinize your platform? james freeman, these are pretty serious charges. >> a lot of money, a lot of politics here. consumers ought to be wary here. they ought to be wary that there is a big deal between silicon valley and washington. they sound good, but a lot of down side if you prevent competition against facebook which is normally what regulation does. liz: you are saying the market can fix the problem. >> tim cook saying the market failed. i don't think so. i think we tall know as consumers we have been trading information about ourselves i

tim cook said sales for the crucial holiday quarter could miss wall street expectations blaming weakness in emerging markets and a certainty whether apple can keep up with demand for new products shares lost four percent in after hours trade. washington is toughening its approach to venezuela nicaragua and cuba and u.s. president donald trump has begun by ordering fresh sanctions on venezuela he is not targeting the country's gold industry washington fears been as well and gold exports are undermining efforts to put pressure on the south american countries president nicolas maduro and his government americans will no longer be allowed to trade in venezuelan gold washington has already imposed sanctions on several vendors and officials as well as its oil industry. the u.s. is also reimposing sanctions on iran from monday next week they'll affect the oil and gas and banking sectors washington will penalize countries and companies that do not halt iranian oil imports although it may give some nations in the more time european for firms have been pulling out already and the average people of

tim cook has comments already, crossing on the tape. lark lash, you want to take -- adam lashinsky, you want to take it. more figures? >> i am not surprised. very good. they have been playing this game for years. i'm sorry, did i not say sandbagging? melissa: jonathan, what is your reaction to number on eps? >> stock beat yet market trading down. this is trend we've seen this entire earnings season. even got earnings sold off. not a big move so far, 3 1/2%. how the market continues to react the news, how it goes out, will set the tape for tomorrow's trading and the rest of the year as well. melissa: susan li. >> apple in terms of earnings per share, profit, bottom line, a beat, 2.91 a share for the quarter. ahead of estimates. connell mentioned 2.78. revenues ahead of expectations. 62.90. ahead of analyst calls, looking for 9.7 billion. reason why the stock is down close to 4% we got revenue guidance for the current quarter we're in coming in a little bit light. from what i see expectations $93 billion. apple calling for something betwe

tim cook blames the poor sales forecast on weakness in emerging markets. asian and european exchanges have been surging as optimism about trade relations between china and the united states south a positive tweets from u.s. president donald trump still southeast asia is trying to take advantage of the trade war to attract more investment from european nations like germany all the world's top two economies the colons. modern cosmopolitan an economically growing this is how the indonesian capital is portraying itself at the asia pacific conference almost one thousand top managers and politicians came to jakarta a representative of the indonesian government spoke in german to the crowd. many people know that i'm the only german speaking member of president we don't as cabinet. who is over this but the friendly words couldn't dispel the misgivings german economy minister peter out myer spoke plainly the. tennis is. packed. we have to be. back to. foreign investors are welcome in indonesia astra one of the largest industrial companies in the country even introd

tim cook get up -- stop that muffin. >> this is crazy.ou're most concerned about privacy like keith said i don't tim cook monitoring my goals which by the way, i exceed every day anyway. i don't want to have a -- scenario where my physical health is out somewhere on the web. that's a very -- >> i don't see it like that. i see it as wearable computing power taking its place in our lives. okay. privacy -- in a long, long time ago. do you think health insurance companies are going to take that information and lower our health care premiums with it? they're not going to do it but raise our health care premiums because that's their business model. but you have a free apple watch out of the deal. >> that apple watch -- it is their idea of innovation i think that apple watch causes more anxiety to set e-mails. >> i'm determined to do something positive i don't know what -- why am i doing this story if i want to be positive? includings head of the house financial services committee -- maxine waters going after global banks. big fines coming? >> m

tim cook predicts congress will soon approve rules and regulations on apple, google, facebook and otherech companies because of recent user privacy scandals. cook was a strong advocate of self regulation but he said recent data leaks and other problems affecting millions of people have changed his mind. >>> 5:54. memorial wall dedicated to the children who died in the massacre in jonestown 40 years ago has been unveiled. dozens of people gathered at the cemetery yesterday for the unveiling ceremony for the cherishing the children memorial wall during the names and ph305 children who died by poisoning at jim jones' guyana settlement november 18, 1978. this congresswoman was a young congressional aide wounded on the airstrip that day. she was our guest yesterday on mornings on 2. >> i carry with me the scars. i had an injury the size of a football in my leg. my arm was injured. i'm also grateful. that was one of many traumas i have endured. >> at the time of the attack she was with her boss, the congressman killed along with several journals. she has written a book about the tragedy and o

tim cook says it's only a matter of time before tech companies face a rock face a raft of new regulations to protect their customers cook said that he was not a fan of regulation but that if. it is not working properly regulation is inevitable it is called the anscombe offer an exposé in the new york times about how facebook worked to downplay the impact of the extent of russian meddling on its by phone and then hired p.r. companies to discredit its critics. and that's it for me of the business team here and i'll have an update for you in the next hour stay tuned to the dial because eco india is next thank you very much want to give up your business but i'm. going to. india. how can a country's economy grow in harmony with its people and the environment when there are do workers who look at the bigger picture india a country that faces many challenges and whose people are striving to create a sustainable future clever projects from europe and india. history shows the story of the first one of the we're told from different perspectives by peter graves from the eastern european perspective

according to the interview with tim cook, putting safeguards in place in terms of privacy. >> yeah. teresting, tim did say i think in the interview we did this summer, i think chris hayes asked if they would take the facebook app or some big apps off if they violated terms of service, and tim said absolutely i would be surprised if they would, but it was a really interesting answer i think the question is where is everyone going to adhere to on privacy issues and who will be the one to say enough data collection is enough or find ways to make it so people have more control over data i think that's the critical part what control do you have over data who gets to use it, who gets to make money off it, and who gets to control it. that's going to be the question of the next year in tech >> kara, you were early on all this, continue to guide us through it good to check in with you. see you soon kara swisher thanks for being with us. >>> when we come back, nasdaq getting hammered for the third time in four days, slipping further into correction territory, down more than 1% facebook, apple,

you visit with tim cook as well. >> exactly in this school in idaho. >>> now to new fallout over thethe chinese researcher who claims to have genetically altered twin girls before they were born is speaking out overnight. abc's paula faris has the latest. good morning. >> reporter: good morning, everyone. the lead chinese researcher says he's been secretly working on this for three years and consulting with experts even those here in the united states. he didn't intend for the news to leak the way it did. >> well, this specific case, i feel, i feel proud actually. >> reporter: overnight, dr. he jiankui boasting about his controversial claim that he and his team have created the world's first genetically engineered human twins defending his work against a chorus of criticism. >> first, i must apologize that this result leaked unexpectedly, taking away from the community of the full data. >> i couldn't guarantee to you that he did what he claimed. >> reporter: dr. jennifer doudna, co-creator of the gene editing technology that was used in this experiment says the claims, if true, are a

apple ceo tim cook now says government regulation is inevitable. view that aired on hbo last night, cook had this to say. >> generally speaking, i am not a big fan of regulation. i'm a big believer in the free market. but we have to admit when the free market's not working. it's inevitable there will be some level of regulation. >> joining me now, author of the edge newsletter, my friend felix salmon. it's not entirely shocking for tim cook to say this. he's sort of on the right side of history and a company as big as apple, it's like saying fine, regulate us. >> jpmorgan would be affected by regulation. what he's talking about here is privacy regulations. that companies like facebook make all of their money by taking our data and selling them to advertisers. >> yes, we're the product. >> apple makes its money by selling gizmos and hardware. they would love it if regulators came in and squashed their competitors. >> so last night, we spoke to the former chief security officer of facebook, there during the whole period in question, and he thinks the

apple ceo tim cook playing down the charge, the change during the conference call with analysts. >> thiss like you go to the market and you push your cart up to the cashier and she says or he says how many units you have in there, it doesn't matter a lot how many units there are in there in terms of the overall value of what's in the cart. lauren: well, the overall value for the iphone went up to average selling price 793, the holiday forecast is actually one of the reason apple sales are sharply lower the premarket. down 5%, those losses continue as i just noted, we are looking at am dow component, on track to shave about 80 points for the dow jones at the open today. cheryl: all right, also, we will be getting big market news today as well before the open, october job's report coming out with the midterm elections just four days away. here are the predictions, economists looking for 190,000 jobs which would be sharp improvement from september's disappointing 134,000, tun employment rate expect today hold steady at 3.7%, 49-year low. lauren: investors would be looking at wage growth wit

in the ft, tim cook, apple's chief executive, has said new regulations for the tech industry are "inevitableintensifying of political pressure on the company's rival, facebook. the guardian business pages look ahead to black friday and predict britain's battered high streets will take another pounding as more shoppers look for deals online during the crucial pre—christmas sales period. the atlantic looks at how tech giant google is now imagining devices that would scan and analyze the surroundings of your home, as well as in your bathroom. based on the information, the company could then offer you content and products based on what they detect. the mind boggles! and finally, how do you fancy a handful of smoky bbq roasted crickets? uk supermarket giant sainsbury‘s will become the first to begin selling edible bugs. so let's begin. with me is eileen burbidge, who's co—founder and partner at passion capital, an early—stage venture capitalfirm. brexit in the independent. different papers on different issues. one is about the leadership contest and that could finish her. she could be defeated ov

. >>> ceo tim cook says get ready for more regulation. here's what he had to say last night on hbo on action eye owes. >> -- axios. >> i am not a big fan of regulation i'm a big believer in the free market, but we have to admit when the free market is not working and it hasn't worked here i think it's inevitable that there will be some level of regulation. >> also defended apple's decision to take billions from gookle to make safari the default search engine on the iphone >> one, i think their search engine is the best and that's very important but, two, look at what we've done with the controls that we've built in so we have private web browsing. we have an intelligent tracker what we've tried to do is come up with ways to help our users through their course of the day. it is not a perfect thing. i'd be the very first person to say that but it goes a long way towards helping. >> cook also talked about a host of other topics including augmented reality. cook says ar is going to change everything. >> right now, jim smiegel of absolute retu

quarter we had on the other hand, apple missed on iphone units and guidance disappointed investors tim cooking he is dealing with tougher comps, and head winds, and it will take some time to get into supply dmanema balance. some emerging market have weakness cook calling out turkey, india, brazil, russia the stock was already under pressure then the surprise announcement on the conference call took it lower. >> starting december quarter we will no longer be providing unit sales data for iphone and mac. the number of units sold in any 90 day period is not necessarily representative of the underlying strength of our business >> now, analysts are divided on the decision some question whether apple is trying to hide unit declines going forward. others are not as worried, they already didn't expect much iphone unit growth from here, instead they're focused on services where apple will provide more data going forward. clearly this morning investors disappointed with the print and guidance back to you. >> watching the levels closely, josh thank you for that. >>> despite the drop, our next guest is

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