already saving lives no doubt right but tim cook her. have apple says oh we can't help you f.b.i. find out what's in that terrorist phone who's killed 3 people and injured 8 people right here in pensacola yet now the rest of the story is what what do we so what do we see apple do all the time basically they allow people access when they want to give them access so they have this music and movies alou whatever they need to do but in this particular situation it's also bringing up the fact that our own government immigration vetting failed because ronnie the shooter in any aspects of cola he came over he was the evidence that the other from the phones that they had to hack themselves because apple wouldn't go in hack it for them that basically they found that he had been radicalized as far back as 2015 so he was allowed to come in already having been radicalized so in one respect our own government betting immigration that he needs to do a better job as well but when it comes to getting this evidence it's been an ongoing battle with apple for years that looms up here and was actuall

ceo tim cook pulling apple's guidance saying, quote, he has great confidence in the long-term business for apple in the short term, it is hard to see out the windshield and knowing what the next 60 days will look like then there is amazon as we all remain stuck at home and it is the outlook that is hurting stock this morning up 5% company saying if you are an amazon share hoerld, you may need to take a seat on this one. they plan to spend all of the second quarter profit to its response to the pandemic that stock down. in asia, stocks falling in japan. also in australia, we saw some falling. the markets were closed. also the case of course in france, germany, spain all closed for the holiday it is open and down about 2% topping your washington headlines. new outrage over the small business program known as the ppp. bloomberg knows that the justice department has seen early signs of fraud where it has approved and rejected applications. kate rogers has the story. >> the report says the doj has reached out to the 15 to 20 largest processors and as well as the sba we have not yet got a co

apple ceo tim cook said he won't pretend to provide a positive outlook amid the pandemic. we've got some fresh data on the uk economy the april final manufacturing pmi come in at 32.6, just a touch below the flash at 32.9. broadly within expectations. now the lowest on record a couple of interesting data points the manufacturing pmi output sub index was sub for april. march coming in at 43.9. in terms of new orders, that sub index also the lowest on record. so uk factories suffering the worst month in three decades that is the message from the data provider. the key here was priced into markets given that we had flash numbers, final numbers that we saw early on let's push on to early reaction. we saw that pressure this morning. now looking at the stock ftse 100 down 1.9% following a sharp drop yesterday that index dropped under 3.5% within the benchmark. the stand outperformer better than had been expected sticking to their strategy that allison rose outlined before the pandemic sit they also set aside 800 million pounds for future losses looking at what that bond market l

ceo tim cook spoke to bloomberg's in many chang -- bloomberg's emily chang after that.bout 6.7%, but not down as badly as some feared. i spoke about all of this in an interview with apple ceo tim cook, and the key headline is he is already starting to see sales resurge. he told me in the last part of march and first part of april, things were very depressed, and we have seen a pickup in the second half of april. we are not projecting but we are going to do this quarter because of a lack of certainty and lack of visibility. apple not releasing a forecast for the quarter or the year. some analysts disappointed by that. i didn't get a chance to ask about his eye blind a future projects and whether the sideline-- about his on future projects and whether the pandemic would affect things. he said we couldn't be more proud of our current product, and we have rapidly build the muscle to run the company in this kind of way. ,tores have reopened in china south korea, austria, australia. he is looking at the first half of may to start reopening stores in the united states, but tha

the question in my mind is can tim cook. shout out to tim cook. tim cook and apple can they truly step into the space? we know he spoke in brussels back in october and to make some very strong remarks about apples commitment to enter precisely the space i have described. many adverse reactions to his strong remarks were cynical because is not difficult to point out inconsistent on - - inconsistencies in the apple playbook. you pointed out some of them. there is still google search. apple stores user data into new servers. there is a whole litany of inconsistencies one can point to. perhaps no one is a dealbreaker but if you put them all together and you see apple still has work to do with it will fulfill the true criteria institutionally that with the true economic leap forward to really move the dial of economic history and that evolution of capitalism. that this is apples opportunity to lose with the big tech firms this is their opportunity to lose. and i think where apple to rollup its leaves to become as scrupulous as general motors once was u

people generally like tim cook, but there was one story where some in the rank-and-file just saw tim cook in the headquarters and he goes hey, good morning. tim says, see you. the guy says, like, see you? what you mean, see? like you telling me to ask off. that was kind of interesting. and then definitely like the rest of them come incredibly curious. there were employees were at the bottom ranks of the company. he was middle manager and he would go out and be like okay, you are 22, 23 i want here which have thinks i'll take you out to dinner and pick their brain, which is interesting. the through line here is that leaders can i do what i except for tim cook, even cook to some extent but what they do is there not like a traditional leaders that would get up on a picnic table and have the whole company surround them and yellow on the megaphone, hey, this is what we're doing. now go follow my vision. what i think you do well is even bezos which is surprising for people, what they bring themselves, i think that personnel is out of it and make room for the ideas and the thought of the peo

but there was a story someone in rank and file sought tim cook at headquarters and said good morning and then he said see you he said what do you mean cracks that's like telling me to fuck off. so that was interesting but those employees that was the middle manager to go out and say you are 22 but i will take you out to dinner and pick your brain which is interesting. even cook to some extent but they are not like traditional leaders to get up on a picnic table and have the companies surround them on the megaphone this is what we are doing go do my vision but they do well because even bezos takes their personalities out of it and takes the thoughts of the people working for them at least internally and that's the key for them. it's not by going out there making big speeches of the tech giant that what do you have to say and what do you think? that's good. how can we bring them to life? this is a different take on leadership so we'll see companies in the future to embody this relationship and then to be the source of all ingenuity and inspiration that will go extinct at a certain poin

tim cook to unlock phone to which he said no which honestly tim cook has been known for saying no to any requests like this we saw it with the shooters you remember in san bernardino california but here is bar just a few hours ago with this message thanks to the relentless efforts and ingenuity of the f.b.i. technicians the f.b.i. finally succeeded in unlocking elsham ramis flames. the same contained information previously unknown to us that definitively establish. ramis significant to al qaida in the arabian peninsula so no what the f.b.i. found on his phone show that ronnie actually was radicalized as far back as 2015 he was in constant contact with al qaeda operatives and he was even in contact with them the night up to me the night before the attack wow well you know straighten this out for us originally investigators had thought that ronnie went on the shooting spree because he had been in a fight with his teacher right and that is true they originally it was reported that he filed a complaint against one of his teachers actually because the instructor referred to mustache as a

i got the chance to speak with apple ceo tim cook and asked about that, how is that impacting business, how is that impacting demand for his products and services? cook telling me, it's clearly helping the ipad and the mac we envision both of those to have improving year over year performances in this current quarter. what we see is that the use age of face time has gone through the rife, not getting talked about as much, but the usage says otherwise i asked cook about the new iphone, the se that comes with the powerfuls processor and lower starting point at $399 i asked cook if he was worried about the se denting demand for the higher priced models and then tanking his margins cook dismissed that telling us we are never worried about cannibalization. our view is if somebody is going to cannibalize it better be us there's probably a little overlap between the two. the se right now cook saying appealing to android switchers and appealing to people who want the most powerful phone but in a smaller form factor. sticking with the iphone i asked about iphone demand in china what are they lo

tim cook, very well liked. nice guy to the people who matter inside apple but much less willing to take feedback. it seems, from the rest of the company. and we can talk about it, but i don't think apple has any of these idea pipelines like the other companies do. so people generally like tim cook, but there was one story where, about someone in the rank and file met, just saw tim cook in the headquarters, and he goes, hey, good morning, and then tim goes, see you. and the guy say z, like, telling me the story. what do you mean? it's like telling me to fuck off, you know? so that was, i thought, kind of interesting. and then definitely like the rest of them, incredibly curious. there were employees who were at the bottom ranks of the company, adel la was a middle manager, and he would go out and be, okay, you're 22, you're 23, i'll take you out to dinner pick your brain, which is interesting. i think the through line here is that the leaders, everyone i guess except for cook -- well, even cook the some extent,

tim cook spoke with emily chang earlier. take a listen to what he had to say. >> apple reported revenue that beat estimates, driven by growth and services and wearables. iphone sales were down 6.7%, but not as bad as some feared. i spoke about all of this in an interview with tim cook. he says he is already starting to see sales research. he said the last part of margin the first part of april were very depressed, and then a pickup relative to that same time. we are not projecting when we will do this quarter because of a lack of certainty and a lack of visibility. apple is not releasing a forecast for the quarter or the year. some analysts disappointed about that. i did get a chance to act about his pipeline of future products, whether the pandemic will impact their products later this year. he said supply chain remains resilient and durable. he also told me we cannot be more proud of our current lineup and we are excited as ever about the pipeline. stores have reopened in china, south korea, austria, australia. the first h

evanka trump will lead that with apple ceo tim cook, and jay will join us in a minute. let us begin with that powell/mnuchin testimony and what we can expect elon fromwid.c. with more >> a major focus is the massive new lending that was thoauthorid not just the $670 billion but also the $500 billion in the exchange stabilization fund that includes programs to support small and medium sized businesses state and local governments, airlines and corporate debt. it has written testimony that fed rates will remain near zero. they are confident it will weather the storm and use all of the tools available to it. it is worth remembering that the measures taken to contain the virus. we should do everything we can to provide relief for those suffering for the public good. >> you should expect lawmakers to push back on why a lot of this money appears to be held up only $37.5 billion of that $500 billion fund has been dispersed so far treasury secretary mnuchin will argue that $200 billion has been spoken for and thinks the economy will start to get better in the second half of the

not pray tate tim cook, the google twins, or even barack obama, but pray to something called god. that cannot be allowed. >> the virus is not religious. it won't respond to prayer, i am afraid. it loves congregations. >> aggressive re-openings, warnings from his own cdc and his own advisors. and on the other side, democrats who have hitched their fortunes to science and data. >> regardless of how that plays with separation of church and state and even if the president has no authority to issue such a decree, his insistence on a rushed reopening flies in the face of what public health experts continue to advise that this is not a time to become complacent. >> tucker: there you have it, jeb bush's dimwitted spokesperson, re-emanated as an epidemiologist, she wants you to know and believe that the democrats put the lockdown orders and placed based on science and data. okay. we will take the challenge. what science and data are you talking about exactly? we will wait as you rifle through your papers in abstract, dr. wallace. that could take a while. because in fact, there is still no

speaking to tim cook last week during the earnings and also asking about this pairing up with google in this covid tracing software, i asked them why they were doing this? if we could bring up the tim cook quote, look it is another tool in the tool kit, getting economy back up and running and back off. it could be bigger and work with google. you would have both operating systems. volume would be much higher. yes absolutely true. if you think about it, iphones, ios around android power close to 3/4 of phones currently in use on the planet. looks like we're a step closer to getting some of this app technology and ios software technology in use. i should point out, they say after covid is contained whether through a vaccine, whether we see numbers go down, they will remove access on both operating systems. guys? connell: right. that is something people would obviously be worried about. we'll talk more about this. thank you, susan. melissa. melissa: more than 3.5 million cases worldwide and with 1.2 million related here in the u.s. the world health organization says more than 100 vaccin

big tech movers, apple and amazon both under pressure we'll dig through results and comments from tim cook and jeff bezos. boeing returning the funding the bond offering is straight ahead. friday, may 1. "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin. let's get right to the markets it had been a banner april for stocks s&p and the dow closing out the best month in 33 years, the nasdaq the best month in 20 years. let's put this in context. it took a tumble in less than six weeks and then rebounded 36% of the lows from april yesterday. the s&p down 34% from february 19 to march 23, less than five weeks. crazy to think about how quickly that fall came then we were back up 30% off the low for april. joe? >> if you used april then i could get to 82 years i don't think sorkin was listening to me. >> i was >> i said, no, i don't remember. you are always saying maybe -- i wasn't around for that here is my proposition for you, andrew sell in may is a common expression >> go away >> i've ne

. >> president trump says that he spoke to the apple ceo tim cook.ook was saying he predicted a v-shaped rebound in the economy. do you think that's going to happen? >> more and more economists think they're looking at more of a w-shaped recovery or a u-shaped recovery. the idea that we're going to turn on a switch and the economy is going to pop back up is very unlikely. this economy stopped almost on a dime. as you continue to report, lots of states now coming back online, but not fully back online. we have to consider our health and safety measures. a lot of people are either not going on be able to get back to work right away, but they're going to be afraid to get back to society as we know it. so it's going to be a slow slog. a lot of economists are predicting we're going to have double digit unemployment through the end of the year. some are saying we'll probably end the year at 10% unemployment. and it could take us between two and three years to gain back those jobs we lost in april, which we know in just one month's time we wiped out all of

i like -- that's the part i like about tim cook, very much so he's a thoughtful man. >> yeah.eople should definitely watch that one and the jobs' stanford speech. >> that's a classic. if you have not seen a speech and read it, it's a beautifully written and said speech and what's poignant, he's talking about recovering from his first bout with cancer and he died many years later, so it has incredible resonance now, and it's worth thinking about during this time, absolutely. >> yeah. kara, good to see you. we'll talk soon. >> all right bye. >> kara swisher. >> words of inspiration and motivation are always welcome. in the meantime we're going to take a quick commercial break. getting a check on the markets right now. the dow and s&p are lower for a third straight day, off the lows of the morning the nasdaq is positive it's up about half a percent stay with us anaging multiple clouds for your business. when you've got public clouds, and private clouds, and hybrid clouds- things can get a bit cloudy for you. but now, there's the dell technologies cloud, powered by vmware. a singl

i got the chance to speak with apple ceo tim cook and asked about that, how is that impacting businesshat impacting demand for his products and services? cook telling me, it's clearly helping the ipad and the mac we envision both of those to have improving year over year performances in this current quarter. what we see is that the use age of face time has gone through the rife, not getting talked about as much, but the usage says otherwise i asked cook about the new iphone, the se that comes with th

. >> you mentions president trump specifically got in touch with tim cook at apple.t did not seem to do anything. do you feel like apple is moving the needle at all or, obviously i want you -- you want this to be a good conclusion or it will be a standstill for years to come. that apple hasn moved the needle or is willing to move the needle. this is not a unique situation. that ifes frequently couldd out in the market create dangers to public safety. normally what we do in that not leavece is we do the decision up to the business. if we feel that it will cause harm to the public. left toision is not participants. it is a social decision that is made by our society and made by the public. in the public interest. we see that with restrictions or or features that are imposed on manufacturers to make sure the public is not put in danger. this is nothing new. this is what we normally do. for some reason, there are tech companies who feel they are above that. they can make decisions based on their business interests regardless of the dangers posed to the public. that concl

people generally like tim cook but there was one story where some of the rank-and-file just saw tim cookquarters and he said, good morning and then tim said, see you. he said see you, what you mean see you? it's like telling me to f off that was interesting. and then Ãbdefinitely like the rest of them incredibly curious. they were employees who were at the bottom ranks of the company he would go out and be like, you are 22, 23 but i want to hear what you think so i will take you out to dinner and pick your brain which is interesting. i think the through line here is that the leaders come everyone except for cook even cook to some extent, what they do is there not like your traditional leaders that would get up on picnic table and have the whole company surround them and yell out on a megaphone this is what we're doing now go follow my vision. what i think they do well is a really even bezos which is surprising for people they bring themselves they take their personalities out of it and make room for the ideas in the thoughts of the people working for them and really consider them serious

. >>> tim cook says a few apple stores could reopen in the u.s. in the first mart of this month.hey wifda approved a new ventilator developed by nasa. the space agency says its machine called vital can be built faster than traditional ventilators and nasa devices are intended to last a few months so they would replace the more durable hospital models. those are your techbytes, have a great weekend. >>> canine covid detectives could soon join in the fight against coronavirus. >>> a group of parents in san jose show nothing can hold them back. people at higher risk, must take extra precautions. you are at higher risk if you are over 65, or if you have any serious underlying medical conditions, like heart disease, chronic lung disease, diabetes, or if your immune system is compromised for any reason. if you're at higher risk, wash your hands frequently with soap and water for twenty seconds. avoid touching your face. disinfect frequently touched objects. and wash up after being in public spaces. and when it comes to social situations...less is better. stay six feet or two arm length

times more when you're talking about say electronic goods you know an apple i phone steve i mean tim cook has very much sense that it's not possible to do it any other place other than china and so because of all these companies that feed into the supply chain is the u.s. is going to try to make their cars just in the u.s. like good luck because you have. all the right where we should be laughing because this is it a real crisis you've been you're absolutely right i mean you've already laid out very clearly becomes like city building shoes what about you know a car a computer a smart phone you're absolutely right it's go back to any group before you go to the break years i mean is that really kind of been to with some of the the well. what you're calling a short globalization going to finger to as a. new government that would send their you know. how when you get all the world you know change your monkey. no. you bought the chains you know there are small jeans and useful chains and you come on each campsie. one of those you know will change jeans when the great jimmy is me before or befo

home i'm sure the aisle of jersey and the cayman islands have trillions to give away as long as tim cook doesn't mind getting paid and conch shells. another massive industry looking for a handout right now is the oil industry where 6 did i learn that i just i just i just heard that oh oh i thought of redacted that night about 30 seconds ago that's right that's right guys what an informative show host need to get rid of that beard though. anyway some of the biggest players in the oil industry are the koch brothers well one of them is dead but if anybody can continue to run a business from hell it's david koch. anyway i'm sure koch industries is looking for some of those sweet sweet trillions here's from a 2017 article how koch industries a scam in america investigation highlights a global web of tax avoidance it uncovered as many as $610.00 coke subsidiaries in 17 known global tax havens oh it looks like a lot of coke industries is not based in the united states it's based in little countries that are mainly populated by tortoise's koch industries head of operations is probably a guana wa

attorney general, you mentioned president trump specifically got in touch with tim cook at apple. that did not seem to do anything. do you feel like apple is moving the needle at all? i know you want this to be a good conclusion or do you think this is going to be a standstill for years to come? >> i have seen no sign that apple has moved the needle or is willing to try move the needle. you know, this is not a unique situation. businesses frequently make products that, if allowed in the market in the form the business dangert, could create s to public safety. normally what we do is we do not leave the decision up to the public about the exact details and configuration of their product. if we feel it will cause harm to the public, that decision is not left to the business. it is a social decision that is made by our society, made by the interestn the public and we see that with restrictions or limitations or required features that are sometimes imposed on manufacturers to make sure the public is not put in danger. this is nothing new. this is what we normally do, but for some reaso

can imagine who in the administration was giving these visas in place and who took the call from tim cookver at apple to keep them in place. do you think you can make the difference by appealing directly to the president? >> i think that given the nature of the time. this is coming in at the president is expected to announce new measures on the immigration ban, i think in the coming week even. hopefully the timing of this is not lost on the imminent administration, the very strategic timing that's letter is coming in. >> tucker: so you are in this position, you are a college student and will be entering at some point the job market, say a prayer. how do you feel personally about the fact that the u.s. government is allowing white-collar jobs that you could take to begin your life to go to foreign nationals? >> personally i find it unconscionable especially since it was an essential foreign policy or rather domestic policy prescription from the president, even during his time as a candidate. so american patriots going back to the 1990s even further on have repeatedly sounded the alarm on t

tim cook said the firm saw a pickup late in april however shares fell for both in extended trading.oins us now. great to have you with us. thank you for joining. if we look at amazon come in the past investors have been sanguine about amazon spending plans. will they take the same view over the spending they are having to do for the pandemic? >> i doubt it is the answer. in the past, they have been pretty happy or sanguine about the fact that amazon has raised a thin margin based on the knowledge that reinvestment for profit has been or has led to long-term growth. securing new customers by investing in apple prime. this time around -- amazon prime. this time around, they are investing in equipment and more people to fulfill deliveries in the current climate. that does not guarantee long-term growth. customersees that the that are using amazon right now will continue to do so. nejra: and the competition is stepping up. the point of no guarantees, it is hard to have any of those from any company at the moment but apple for the first time in more than a decade not providing a forecast

if you look at a company like apple, which has maintained the --k of its supply chain apple ceo tim cook said the supply chain remains a strong and not disrupted, i wonder how easy it will be to convince these companies. it is obviously going to take many years to do so. i think it is a fair point. it is something that has been discussed. those people know the sectors and industries fairly well. world hasavirus proven to be a pretty significant operating risk for a lot of companies around the world. push tothat additional bring production increasingly , there is nots. just the greater notion of doing this but also the greater will that has not existed in the past. emily: let's talk about these broader work from home trends. obviously, technology is enabling a lot of this. we know that some tech companies will see a boost. what are the trends that you are zeroing in on? scott: i think that is kind of the key question. trends are of these going to continue well into the future? i think a lot of folks are thinking about digital transformation, shift to cloud platforms, remote access, collab

we spoke with tim cook talked about a very depressed march but things were picking up in april.estors trying to digest his comment after hours going from positive to negative apple reported its results. shared were down a little over 1.5%. what are the concerns? thingir: i think the main is uncertainty, especially for we're rent quarter that in, actually the comments he made to you were probably the so far to we have know what is happening. march andow, the late early april, he describes as midst of ssed in the the crisis, i imagine not many people were buying expensive point.s at that then he said it picked up in the that half of april, but was from a very depressed level this year, he rd sales tion that iphone and wearable sales, they are to perform year over year worse than the first quarter in the second quarter. basically this huge recession that going on, so you well applet know how is going to do sales. about the id talk lack of visibility, the lack of certainty to explain why apple a forecast and i did ask him, how do you think 1,000 plus phones are going to perform in t

the iconic apple brand, the golden brand that cupertino and tim cook have built, is based around the experience, the products. that is part of the aura of apple. and when you look at the opening of the stores overseas and your start to see them in the u.s., it is important -- you are starting to see them in the u.s.. it is important for letting the that applee recovery and other comedies are seeing. -- laying the seeds for the recovery apple and other companies are seeing. how optimistic are you about recovery in the second half of the year, knowing we are still in this and do not know when we are coming out of it. some states are starting to reopen and we see a resurgence in texas and it is unclear what the next few weeks look like, let alone the next six months? >> it is going to be turbulent for apple and other companies. from an investor perspective you do not know what is happening in the next 10 minutes let alone the next three months. for apple i focus on the pure numbers. of 925 million iphones worldwide have not upgraded in a while. combined -- of there's pent-up demand. com

speaking to jeff williams, the chief operating officer, number two behind tim cook, china is back upll capacity at the end of march and they have been able to release devices in these difficult times. they got a cheaper iphone se, got a mac book pro, ipad pro and mac book air, and talking to him about device launches, obviously he can't give me indication as to what they will do, but he sounds pretty optimistic and he's positive as well on the u.s. economy as tim cook is that we will see a rebound after this coronavirus is contained, and the economy is reopened. stuart: this is one of our big stories. i mean, the extraordinary progress that big tech is making and apple in particular. you're right. you have to pay attention to them. they are a trillion dollar company. they've got what is it, $200 billion in cash, some enormous number, and they look like they are back up and running and doing very well. leading out of this virus nastiness. it's a tremendous story. susan: look at the stock price of apple. we are back up above $300. don't forget the record price was closer to $330 so we

apple ceo tim cook passed on putting out guidance for the current quarter saying you know what?ot only can't we see till june, we can't even see beyond the windshield right now, so we don't want to give an indication that we somehow have x-ray vision. as for amazon, it warned it might post its first loss in the current quarter, first one in five years. amazon ceo jeff bezos is facing a little bit of heat at this hour. lawyer makers on the -- lawmakers on the house judiciary committee are asking bezos to testify on the company's private label practices after the "wall street journal" did an investigation and reported that amazon employees used data about the independent sellers on the site to then develop competing products under the amazon label. okay. dow jones industrials check it here, down 607 point ts right now. april was just a month for stocks. markets rebounded sharply from the official market bottom recent market bottom which hit on march 23rd. so you look at this. the yellow line is the nasdaq. the s&p is the blue line. both look absolutely incredible for this month, b

i did catch up with tim cook and asked him about the work from home trend, how is that going to affect business. tim cook telling me it's clearly helping the ipad and the mac we envision both of those to have improving year over year performances in this current quarter and what we see is that the usage of facetime has gone through the roof it's not getting talked about as much, but the usage says otherwise. as for when apple is going to reopen some of the sfoers, cook says it will go country by country and in some places, county by county they'll be driven by the data. he says the first u.s. store could reopen in midday back to you. >> thanks for that shares of amazon are sharply lower today on the back of earnings and weighing on the broader tech sector. >> so there's a cost to amazon surging demand and that's partly what's weighing on shares today as well as that big year to date run up now bezos asking investors to take a seat because the company is planning to spend everything it makes on covid related expenses from testing to millions of masks and thermal cameras to beefing up it

specifically, he sits on california's task force to reopen the economy along with janet yellen and tim cook. we'll start with breaking news from the treasury. kayla has more from washington >> the treasury department says it expects to borrow just shy of $3 trillion in this quarter alone to fund the expenditures outlined in the cares act stimulus and also to off set the individual and business task revenue that's not coming this because of that delayed deadline to say this is a record amount is an understatement the last record that the treasury saw for borrowing was the quarter july through september 2008 the height of the most urgent spending during the last financial crisis but at that time, it was just $530 billion this figure is nearly six times that amount. a senior treasury official confirms this is far and away a multiple of the last record. as for future borrowings, this official did not comment on the propensity of treasury to boar borrow further if the economy is is more dire at this moment, but certainly, this is an eye popping number and it just goes to show you how deep the fi

two hours later, trump on that same day posted a tweet to apple's ceo, tim cook, writing this, the buttonhone was far better than the swipe. okay. with that, let's bring in nbc meteorologist bill karins for a check on your weather. good morning to you, bill. >> yeah, good morning. a crazy morning. yeah, thanks for all the coverage that you guys have been doing and showing us. so let's get into what we have been doing starting with the covid numbers and i'll give you the weekend forecast. spacex trying to get up on saturday arch. fist thing's first, the fatality curves yesterday. wednesday and thursday are days that we usually have the most deaths reported because of the way it works with the holiday weekend and just in the middle of the week. 1,223 yesterday. that was the lowest thursday going back since april. wednesday and thursdays tend to be our peak. as far as new cases went, we had 22,000 plus new cases yesterday. what's interesting is for the first time since this really has begun, california was the state that reported the most new cases the last two days in a row. kind of makes s

apple did both when i spoke to tim cook he confirmed to me this has been good for apple, because applerk from home, more business gets done on apple's machines. more it professionals who prefer dell or hp loaded with microsoft, maybe they give away to apple for the enterprise. if it weren't so near-term negative, i would tell you to buy apple monday morning the stock was down before the trade war worries and caused it to get crushed the s&p 500 was just too strong to resist. so i say let's wait until the market gets less overbought. this is the easiest of the three. amd had an amazing quarter with gaming centers and laptops i think the next will be better. the company was so confident that it got 25% growth given the track record, i'm betting that's conservative.% wi the analysts postured that they maust must be losing share my analysis, wrong some of the strongest chips in some of the biggest categories and i'm betting things will get better from here so i would start buying amd on monday the sell-off was too much. if it goes down more, buy more this is a terrific situation and it's g

i caught up with the chief operating officer, apple number two behind tim cook and i spoke to him about what apple's doing in the economy right now especially in these tough times. we had 33 million americans filing for unemployment. what about apple and what they're doing with their headcount. >> one of the things we've done during this period we've continued to pay our retail store employees. we're paying the hourly workers. even our, even contractors supporting us because as i said, i'm bullish on, bullish on where things are going in the long haul. we need those skills. we're going to invest through these challenging times. we're not going to, we're not going to attack this problem by cutting. we'll not save our way to prosperity. susan: they're investing 10 million to make the tissing kits. that will be a 10 million-dollar investment. they're sourcing 30 million facemasks and face shield which is made in illinois. they're giving and shipping 10 million of these to the front line staff to make sure they are protected but if you will have anybody make any shields for you probably wan

from the well-known brand names, by mager and tim cook including going even higher to april barrett talking about the power and potency of people we used to walk by and never nod and acknowledge that now we call heroes she put a human face on what is its stake in house there is a socioeconomical dimension. i could not be more proud of all of them and they helped us advise this effort and help this curate more specific guidelines that we are putting out here today. the guidelines we are focused on today are expanding opportunities in the retail sector, the manufacturing center in the logistics center. all with adaptations and modifications in an eye on turning the page and moving into a new phase in terms of our economic recovery. the doctor will lay out more specifics in terms of each sector and what we are looking for and talk about what we are looking for in terms of getting deeper into the second phase of what that looks like from a dining incapacity. and not just take out and provide the ability to dine in. we talk about outdoor museums opening up carwashes and the prospect of them open