obviously, tim cook has been upfront. there are some longtime deputies like eddie q, phil shiller.really, to potentially move into position when tim cook gets tired of his job? mark: the biggest question is who is going to be the next ceo of apple? and the answer is quite clear and that's going to be coo jeff williams. the only wrinkle that williams is two to three years younger than cook. if we are looking at this from an age perspective, he likely won't be ceo for long or could simply be ceo if cook steps down sooner than we anticipate which i don't think is going to happen. ibn our story, we talk about who will be the different division heads for the other big groups like marketing and software and hardware and all that. emily: tell us more about jeff williams. why jeff williams and not some of the longer term deputies who were there going as far back as steve jobs? mark: jeff williams has been at the company for quite a while, but he was named ceo back in 2015 -- coo back in 2015. he runs all the company's operations, so that the entire supply chain. they have been positioning

he is great what he did for tim cook made a more successful and recognizes he is not steve jobs.t is important. >>host: the leaders like gates and tim cook who are successful in the tech world and the other creative forces such as musicians and artists and politicians is there a more universal quality? >> check ceos tend to be focused in word so for a long time they didn't want to come to washington and deal with those issues and now they are forced to wear people and politics have to go out and express themselves all the time to a larger audience but the greatest strength is his personality because he shows the passion. >> i know those technical skills but i agree completely and you know better than i his passion he shows that with anybody he is with native americans on reservations as part of the presidential program for the kennedy center on the world stage. >>guest: he is a great cultural ambassador. >>host: the public personality is the performance part do you see that in politicians which will bring me to nancy pelosi. >>guest: being around politicians for your career they

the expectation is that tim cook is going to announce a new ipad air. that is a relatively less expensive model in the lineup. and coming at a potentially good time for apple we know consumers are looking for quits to help them as they work, learn, and play from home. apple reported ipad sales up 6.6 billion. that was up more than 30%. the highest june quarter revenue in eight years for the company growth was so strong that apple said at the time it was supply constrained. apple shines in tablets. that's according to the latest data for research. sam sung controls nearly 20% of the market people will ask how much more share apple can gain in the education market especially with more students studying from home now. i spoke to tim cook about that when they last reported results about the demand and he said it was very strong. >> tim cook talked about this as the future of the computer, and then the covid thing might have turned that entire narrative around >> yeah, john, you could argue that if we are maybe less mobile, right, at the margin maybe portabi

in a monday interview at the atlantic festival, tim cook bility tomployees' a work remotely over thesix months. : we have six months under our belt now. we are still learning. i would say i am incredibly impressed with our teams and their resiliency. for more, let's bring in our correspondent who covers apple for us. for a company as secretive as apple has been about its production, about the way it works, it is pretty incredible what they've been able to a compass with employees working from home and how positive tim cook is about the experience part. from your conversations with sources inside the company, how is it actually going? >> my take is that a lot of the products that have been launched this year, all the products, have been pretty much been finalized well before the pandemic struck. the design of the iphone launching in october was likely complete by october, november of 2019. likewise with the software and the watches, other products probablythis year, into q1 of 2021. what we see the employees doing from home is basically the final touches, final testing of those produc

tim cook opened the virtual event, you see him speaking from apple's campus. he focused on covid, the health challenges facing the world, which was a tie-in to the health aspects of the watch. another thing we are watching for is, if apple unveils a cheaper version of the watch. we believe that will be called the watch se. starting price, still $399, which is expensive. a cheaper watch would allow them to compete with the likes of fitbit, samsung. in addition, possibly new ipads. vonnie: why no new iphones today? not expecting any iphones to be unveiled today, according to our colleague who are always talking to folks in the supply chain. the testing of the latest 5g iphones will be unveiled later in the year -- the testing was disrupted by covid and the challenges facing the supply chain in general. we are expecting new iphones to be unveiled in october. it means the sales of those phones will not start until later in the year, which will impact quarter revenue. apple has set a record quarter, they hit $2 trillion, the stock has suffered in the last few days,

josh, i just want to point out, we just saw tim cook as this event is now underway walking through their headquarters in cupertino. the way they're going to present this event is going to be very different from what we're used to, right? >> it will be different, but remember, they had a test run for this, kelly. wwbc, their big software show in june every year, they did the same that was a purely virtual event, so we'll see how it goes over this year with fans. >> fair enough josh, we'll check back in with you as we get more headlines josh lipton will be monitoring this for us. >>> let's break down what's at stake with investors steve kovak is cnbc.com's tech editor ed, i'll begin with you. no iphone has to wait for a little less exciting event, but the watch, the ipad air, do you have any other expectations here >> i agree iphone is always going to be the most important thing, but services, which is the other element that they're probably going to be talking about, they're likely going to offer some bundles, pricing bundles. you probably already have an icloud account, or maybe you pay

>> can tim cook get us excited about those new products this is typically a big event. what kind of tricks will he pull out of his hat now that we don't have a crowd is he going to tap dance is he going to dj? we have to see soon. >> they tend to be creative in their own ways we'll watch for that let's get to headquarters and the half >>> thanks so much welcome to "the halftime report." the bounce back and the most important question for your money. is the correction over we'll debate that with our investment economy let's go right to the boards they are facing their third positive session in a row. is the correction over you are seeing some signs that suggest broadens breadth >> you had this move in hold builders and transports. it's not a reason to discount that action. forget about all of that those things are not the tech trade. it's not it's clearly happening. stephanie and pete have been right all along throughout the course of the summer they have said things are getting better things are broadening out. i have been a nay sayer but market action is telling me the

including ceos of apple, talking tim cook, walmart's doug mcmillan, mark benioff from salesforce.com.anies to advance americans with skills necessary to quote, remain the best nation in the world. joining me now, iwf senior policy analyst kelsey bolar. kelsey, we talk about this a lot, the need to train up americans, not to get a degree, not to be saddled with a couple hundred grand in debt but a little more than what they're learning in high school so we remain competitive this is one thing i will tell you, ivanka trump is pushing it so hard. it is good to see a lot of major corporations are now helping. >> charles, i will tell you the trump administration does not get the credit they decipher for forwarding this effort to give americans and all alternative to expensive, politicized four year-college degrees. it incentivizes companies, private companies to invest their own money in the american workforce. to give them training and education opportunities that aren't so expensive and will train them for the jobs that exist and our going to exist in our future, that we know, a four yea

tonally, jon, it's a real opposite direction from what we were hearing from tim cook on the hill, right, just a month or two ago. this idea that they are faced with all kinds of heady competition. but between spotify's complaint last night and peloton's response yesterday to apple fitness, apple is having to argue now that somehow these bundling effects are maybe not as powerful as they were before. that is certainly the thesis today. they go to 140 base on the idea that when you bundle things like apple products, it's incredibly efficient economically >> yeah. a la carte versus bundle there goes that argument again we are still watching adobe after earnings record revenue, record quarter it was arguably, i would argue, the first big company to successfully shift from kind of packaged software to the cloud adobe, shantanu narayen joins us exclusively. good to see you. quite a quarter. a lot of people are paying attention to customer churn, the rate of subscribers canceling. how big a deal is that >> thanks for having me. firstly on your show, jon. it was a good quarter all around all of

i've got one last tip for you tim cook him take the cable car up to the canal back .rom there you have to hike a little further over the rock to the pinnacle it's. this cross was put here in memory of a shepherd who wanted to save one of his animals from falling and died in the process from the spot you have the whole tenor. in front of you. i have to admit it's a cliché but as with many cliches there is some truth to it the middle region is a region for connoisseurs so here you can enjoy it with your eyes but also with your palate there is diversified nature you can discover perfectly by bike plus this delicious wine and some of the peach so i got to say i could stay a little longer i mean it's obvious take a look at this perfect view over him and them will see you next time. the be. above. the law. abiding. the be. making it possible. enforcing getting some research i think there are ideas about. what the feature of. the measure. w. . it feels. trendy not only for interior design but as a building material as well and in australia the 1st and luxury hotels are made

i've got one last tip for you tim cook him take the cable car up to the pina back.from there you have to hike a little further over the rock to the pinnacle it's. this cross was put here in memory of a shepherd wanted to save one of his animals from falling and died in the process from the spot you have to hold connor. in front of you. i have to admit it's a cliché but as with many places there is some truth to it the middel region is a region for connoisseurs so here you can enjoy it with your eyes but also with your palate there is diversified nature you can discover perfectly by bike plus this delicious wine and peach so i got to say i could stay a little longer i mean it's obvious take a look at this perfect view over cook them and them as they see you next time. i mean. the things. the for. the for. the. image. did beethoven meet in the shadows. might he be the true king of rock and. the subconscious always plays a role in you in a class one player several willis on a musical journey of discovery a world without beethoven i can't even begin to imagine. in 15 mi

i've got one last tip for you tim cook and take the cable car up to the cannot back .rom there you have to hike a little further over the rock to the pinnacle it's. this cross was put here in memory of a shepherd who wanted to save one of his animals from falling and died in the process from this spot you have the whole tenor. from there. i have to admit it's a cliché but as with many cliches there is some truth to it the middel region is a region for connoisseurs so here you can enjoy it with your eyes but also with your palate there is diversified nature you can discover perfectly by bike plus this delicious wine and the muzzle peach so i got to say i could stay a little longer i mean it's obvious take a look at this perfect view over him and. see you next time. the big. brother is exploring nikita i just want to leave this village once a month leave me you don't even know what it looks like further up the river thank you. arab brothers on a journey it seems there are many different worlds on this planet each one has its . own a coming of age in the caribbean amazon

i'm i thinking the same about about jeff bezos, tim cook, you could argue with the success, look at timof late, post your book coming out, his wealth has gone up five-fold. jeff bezos is the 200 billion-dollar plus man. i'm not saying it is unimportant to them, but does not take the fire out of their belly? >> well the implication of the question is, work is not as much fun not as much work. for people driven, work is the most pleasurable thing you can do. the trick is have time for something else because you want a balanced life. bill gates loves what he is doing. steve jobs love what he is doing. i don't want to just play golf or tennis, neither which i'm good a at. i want to do something i think am making a contribution of the those that build great companies think they are making a contribution to the world and probably are. in your own career, for example. you worked very hard. do you think this is work or pleasure? you enjoy doing it. if you enjoy doing it it is not work, it is pleasure. neil: then again i just found out the other anchors at fox are paid, david. that is something

first time the ceo, tim cook, has received a new stock grant in close to ten years since he took overtricted stock, but it all depends on how apple performances, of course. apple, talking about a $2 trillion market cap, first time a company on the planet has done that. if we can quickly bring up the statement from apple a's board of directors, and it's very rare to get this statement from the board, you know, i haven't seen it in many, many years, for the first time in nearly a decade, we are awarding tim a new stock grant that will invest over time in recognition of his outstanding leadership with great optimism, they say, for apple's future. remember, cook has pledged to give away all of his money back in 2015. he only officially became a billionaire, according to bloomberg, this year, and most of the stock gains from apple have come under his tutelage and stewardship. in fact, the stock has quinn opportunity thinged since 2011 -- stuart: he said he's going to give it all away? >> yep, going to give it all away. stuart: okay. >> you're going to do the same too. stuart: the producer

tim cook was given his first -- since 2011. granting shares is to recognize tim cook's leadership. nine ofhe is on year that 10 year grant at the moment. we will be getting more details as that story gets to us. let's get to karina mitchell. karina: the house may vote on a virus relief package this week either as a bipartisan deal or democrat proposal. mnuchinlosi and stephen have discussed the latest plan in the hope of striking a deal before the election. the democrats are talking at least 2 trillion dollar program. president trump wants to keep it to 1.5 trillion dollars. thailand will borrow almost $50 billion in the next fiscal year to boost stimulus and counter the economic fallout from collapsing terrorism amid the coronavirus. -- the move would push the public debt to gdp ratio to more than 57%. that is close to thailand's legal limit of 60%. over to the u.k., the latest attempt to unblock brexit talks has been dismissed by a brussels. the two sides might struggle to reach an agreement. the u.k. submitted new proposals on state aid but sources say not enough progress has be

. >> reporter: that was tim cook welcoming people to a virtual event. apple says its newest model of phone will be delayed. many companies seeing their products delayed because of the pandemic. apple was able to show off a few new things as it conducted its meeting online, including the ability for the apple watch to now read oxygenation levels through the watch. that is a big deal, especially in this day and age of covid. an important achievement really. something called apple one. that's all apple services in one monthly payment. and apple realizing services can be as profitable as itsor ipad, better performance of the new ipad air. [ bell ringing ] apple stock is up this morning as is most of the stock market as well. it seems like they've got the jitters from last week out of the way, although, marcus, september tends to be very difficult on stocks. so, with this apple thing, not a lot of new things, new colors, new improvements. but it is easy to forget what miraculous things apple is able to accomplish, particularly the oxygenation -- i have such

. >>> tim cook weighing in on work from home trends during the interview with "the atlantic" festivalw apple employees have adapted to working remotely, but he added that some changes might remain after the pandemic take a listen. >> it's not like being together physically, and so i can't wait for everybody to be able to come back into the office i don't believe that we'll return to the way we were, because we found that there are some things that toactually wor really well virtually. >> that's an interesting departure, jim, from what larry fink and reed hastings and barry diller have said over the past few weeks. >> i think when you're out there at cupertino traffic, when you're out there spending all your time in your car, when you are out there, if you're a believer in climate change and the idea that you don't want to add to it, when you have zoom working really well, i think that tim cook's right. i think you don't need to go out much, and you don't need to take the big trips, but i think mostly the central office is going to be visited at times, and not visited at other times i

well, apple sells a lot of iphones in china and if i were tim cook i would be quite frightened.company that has business in china and they could take it for almost any reason they want, given the haphazard nature of the trump administration's policy on tiktok. nicholas thompson, thank you so much. thank you. a us—imposed deadline has just passed, which said all un economic sanctions should be re—imposed on iran, because it's breaching the nuclear deal it signed in 2015. president trump tore up the nuclear accord two years ago, but the us says it can still trigger a clause that would re—establish sanctions. 0ther signatories to the deal — including britain, france and germany — dispute this. they want to keep the agreement intact, and haven't agreed to reinstate the sanctions. you are watching bbc news. the headlines: president trump says he hopes to name a woman, within the next week, as his choice to replace the supreme court judge, ruth bader ginsburg. stiff financial penalties for anyone in england who tests positive for coronavirus but fails to self—isolate. hundreds of oppo

apple sales and china, and if they were tim cook i would be quite frightened. a lot of business in china and they could take it for almost any reason they want given the haphazard nature of the trump administration's policy on tiktok. nicholas thompson there. you are watching bbc news, the headlines: president trump says he hopes to name a woman within the next week, as his choice to replace the supreme court judge, ruth bader ginsburg. stiff financial penalties for anyone in england, who tests positive for coronavirus, but fails to self—isolate. hundreds of opposition activists have been detained by the belarusian security forces at the latest women's march demanding the resignation of president alexander lukashenko. men in green uniforms and balaclavas surrounded the protesters, who responded with chants of "only cowards beat women". paul hawkins reports. chanting. another saturday, another anti—government protest in the belarusian capital, minsk. 2000 women marching against president lukashenko against the allegedly rigged election which he claims to have on

apple, and yet —— apple sells a lot of iphones in china and manufacturers in china and if i was tim cooka lot of business in china and they could take it for almost any reason they want, even the haphazard nature with trump administration's on tick—tock. -- tiktok. fire has engulfed part of one of africa's best—known universities, makerere, in the ugandan capital of kampala. flames have swept through the main administration block, which dates back to the 1940s, and destroyed the roof. the building, which is known locally as the ivory tower, is a prominent landmark in the city. there's currently no word of any casualties. hundreds of opposition activists have been detained by the belarusian security forces at the latest women's march demanding the resignation of president alexander lukashenko. men in green uniforms and black balaclavas surrounded the protesters, who responded with chants of "only cowards beat women". paul hawkins reports. chanting. another saturday, another anti—government protest in the belarusian capital minsk. 2,000 women marching against president lukashenko against t

apple manufactures in china, apple sells a lot of iphones in china, and if i were tim cook, i would be that has a lot of business in china and they could take it for almost any reason they want, given the haphazard nature of the trump administration's policy on tiktok. nicholas thompson there. let's get some of the day's other news two people have been killed in greece in a rare mediterranean hurricane. the storm, ianos, brought torrential rain and high winds to the ionian islands and western peloponnese. police say at least two other people are missing. meteorologists say cyclones were virtually unheard of in the area until the 1990s — when the mediterranean began to warm. the fbi and the us secret service are investigating the origin of a letter addressed to donald trump which media reports say contained ricin, a deadly toxin. officials have given no details, but say the item was intercepted before it reached the white house. they said there was no threat to public safety. the us secretary of state, mike pompeo, has praised colombia for its efforts to promote regime change and restor

tim cook says he is impressed by his staff's ability to work from home, predicting some new habits willic. speaking at the atlantic festival, cook says he does not think apple will return to the way things were, but hopes most staff returned to the office eventually. majority ofhe vast us cannot wait until we can be back in the office again. hopefully that occurs sometime next year. who knows exactly what the date may be. 15% of ourbout 10%, population working today in the office. i am in the office. -- at different points during the week. that is the bloomberg business flash. franciene: theresa may has found boris johnson's plan to break international law over brexit. she says the government didn't really understand the deal. other conservative lawmakers who have criticized the plan is simon hoare. he joins us now. simon, thank you for joining us. we need to start talking also about restrictions. given what has been going on with the government openly admitting they are ok with breaking international law, and the number of restrictions in place that could go up this week as we do with

inditex shows profit and says rapid recovery is on the way shares of apple is on early gains as tim cook unveils a fitness service and new watch and ipad >> health care providers are also seeing the benefits of offering an apple watch. they know it can make a big difference in the lives of patients, customers and employees. >>> it is a big day of action. let's look at the fx markets the euro and sterling trading further. one of the focal points will be the forecast we are expecting a rosier picture for this year. investors will be watching those longer term outlooks to 2023 a decent dayon wall street but we did see wall street give up about half of the gains. it looks as though they will continue to look towards a positive start one deal we are close to watching, that is around tiktok. president trump says a deal with tiktok and oracle is close after the u.s. committee on foreign investment reviewed the partnership yesterday afternoon. trump also praised oracle's approach to the agreement. >> we are going to make a decision soon. i have a high respect for larry ellison. he's a terrific g

tim cook talking about the pandemic and the impact it has had on all of us. , two brand-newes watchesnd also a cheaper watch, as well as a new sensor to track blood oxygen levels. what are the highlights do you? dan: the watch has been one of the fastest-growing segment. over the past three years, about a 40% growth in unit volume. the wearable set is a growing area for apple. they came out with the new series six. then they kind of followed suit with what they had done in the past with their iphones. that is a lower price. particulars on that category, it is a hot segment, so why not introduce some new watches. it should be a positive obviously for them to complement the big news, which is the 5g phone everyone is waiting on. emily: no news about the iphone today but that is as we expected. what is your take on the increased fitness offerings which will work with the apple watch in a move that seems to take on peloton. no other equipment needed other than the watch. at $995y are coming out per month, a similar offering balaton in terms of workouts, music, all of these things. it show

that's how much apple's market cap has increased since tim cook took over as ceo nine years ago auguster cook's leadership my name is joe. i'm a sustainability science researcher at amazon. climate change is the fight of our generation. the biggest obstacle right now is that we're running out of time. amazon now has a goal to be net zero carbon by 2040. we don't really know exactly how we are going to get there. it's going to be pretty hard. but one way or another we're going to reduce our carbon footprint to net zero. i want my son to know that i tried my hardest to make things better for his generation. to deliver your packages. and the peace of mind of knowing that important things like your prescriptions, and ballots, are on their way. every day, all across america, we'll keep delivering for you. >>> welcome back we are seeing futures in the red but not by a lot the number to watch is nasdaq. dow and nasdaq are both down almost exactly the same, 55 points that's not for the dow but for the nasdaq, it is something to watch after yesterday's big rebound. we are seeing red on the scre

apple ceo tim cook new equity awards that could provide him with as many as one million shares by 2025could be worth up to $114 million. the first equity awards he received since he became ceo in 2011. he became a billionaire this year. that is the latest bloomberg business flash. focus is on the debate last night. and what that means for stocks. european stocks are down a little bit, as our u.s. futures. i think a lot of market participants are trying to find their mark. dollar gaining. treasurers holding steady. tom: there is no question about it. it is a little more sprightly than yesterday, i will give it that. yields, .1211. that is in a little bit. row, lower days in a short-term yields. of morgan stanley, michael wilson. this is bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so ho

we are hearing from tim cook at the moment speaking on the opening of the atlantic festival, talking about really responding to the anti-competition concerns across big tech, saying apple is not a monopoly, it is very competitive across markets and that companies deserve that scrutiny. this is a narrative we have seen come down from regulators and critics. politicians wanting to break up big tech. also talking about work from home and the impact of the pandemic on the labor force. saying 15% of employees are back in the office and he can't wait for everyone to come back to the office, but has been impressed with apple's ability to work remotely. reallyso saying apple was turned upside down, providing covid-19 relief, helping with production of test kits as well. issues withing the relationship of apple and the current administration saying they are working on haveorce training, they focused on policy and not politics and that they have discussed climate change with incident trump as well. we are just getting some of those headlines from apple ceo tim cook speaking at the atlantic dig

this would be the event where we expect tim cook to take the stage, unveil the new iphones.hem to support 5g no name yet, of course and importantly no price point we know there are a lot of investors, it is the start of a long strong 5g cycle jon, back to you >> josh, apple stock has run up 60% year to date a lot of times people might sell into the iphone announcement, or they will sell the news. i wonder, this year, what are the expectations from analysts you do have this pandemic going on in this big run, but at the same time these devices like iphones have proven so essential to people. >> i think when you look at the big run up, john there is three big reasons. they look at apple's cash position we know apple is benefitting from that work from home trend or at least certain proteducts, and certainly investors that are excited about the 5g cycle i think you're right, expectations very high now what will initial demand look like for the 5g devices. some analyststhink there could be some challenges you expect the phones, the price point to be relatively high during a time o

speaking at the atlantic festival, tim cook says he doesn't think apple will return to the way thingshopes most staff returned to the office eventually. ofi think the vast majority us cannot wait until we can be back in the office again. hopefully that occurs sometime next year. who knows exactly what the date may be. , 15% of ourout 10% population working in the office. at differentce points during the week as well -- i am in the office at different points during the week as well. leigh-ann: tropical storm peter beforethe coast of texas it comes ashore. it will likely be there for several days, with heavy rain. atlantic's 23rd storm this year making it the most active season. to 1851.ck global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more i'm 120 countries, leigh-ann gerrans. this is bloomberg. francine: thank you so much, leann. an unusual fashion week kicks off today. with covert infections on the are havingon houses to blend offerings. we are very pleased to be joined lemmi.ela le divelec thank you so much for jo

tim cook became a billionaire earlier this year. that is the bloomberg business flash.ncine: thank you so much. u.s. equity futures are down along with european stocks. european stocks are down 0.2 percent. it was pretty acrimonious, the debate, and i guess there is a bet in the market that it could lead to a contested vote. higher.ber, the gauge treasuries holding steady. tomorrow, to claims thursday, then onto jobs day on friday. right now a little less of a turn then what we saw yesterday. yields come income of the digits, yield to four .1211. that is 5, 6, 7 days in a row in. nouriel roubini will join us in the next hour. turkey, 7.78, a little better than the carnage yesterday, but certainly things are very fragile there. looking quickly, argentinian peso, 76.1 one, underscoring the troubles in argentina and moving forward as well. michael mckee with mr. barkan of richmond. everyone stopped by mckinsey for a two year stint. not thomas barkin. mr. tom barkin holding court in thery different fit, richmond fed. thomas barkin with michael mckee. this is extremely well

guy: tim cook talking about working from home.he tech sector seems to be taking a sanguine approach to this. a very different narrative from what we are getting from the banking sector. at a banko speaking of america conference, adding his voice to the growing chorus from the financial sector. we have loads of them talking about the idea of basically they want people back in the office. the argument seems to be about --. you feel in the short-term they are rubbing up against the grain. alix: especially when you work in the u.k.. reuters had a headline that barclays asked about 1000 staff to work from home after boris johnson put that restraining limit on movement, saying work from home if you can. how do you run your business? do you really think you will get them back in the office? it sounds like a nightmare. guy: i think it will be extremely difficult. we have some degree of clarity out of the u.k.. the language is reasonably vague. there is some wiggle room. companies are going to be sending people back home in the near term.

ultimately it looks like because tim cook ultimately is a logistics person.hat's one of his greatest strengths. ultimately the new ipad is a reconfiguration of the ipad pro that came out a couple years ago. it's a little bit faster and nicer, cheaper. very much the same thing we've seen before. is similar the way the watch is presented. a few minor upgrades. did nothing to make anybody rush out to the store on black friday. if you are looking to upgrade, they are valuable new iterations to consider. >> go ahead. >> i was gonna talk about how they bundled their new subscription services. they are coming out with a new service called fitness plus. they've taken a bunch of different personal trainers, famous trainers and have them create videos so every single week you can get a video on 10 different types of exercises from building to strength training to running. similar to what you can get on a peloton bike. the new fitness plus service looks phenomenal. it's year. they are bundling an apple one subscription service. if you are like me that have apple product

. >>> very tough words from tim cook's company apple saying epic's lawsuit is nothing more than a basicic portrays itself as a robin hood, in reality is a multibillion dollar enterprise that simply wants to pay nothing for the tremendous value it derives from the app store to that point, apple is saying that epic earned over $600 million from the app store remember this fight started in august epic published that version of fortnight to the app store that allowed fans to make in app purchases. instead of using apple's in app purchase system, apple says, listen, it would let fortnight back into the store if epic removed that payment feature epic has not clearly been willing do that so this fight continues. back to you. >> josh, thank you we should check on what's going on with shares of apple and the whole market right now pretty much back to session lows you can see it hund mbehind me. dow is down 600 points the s&p 500 is down 413 or 3.6%. apple is moving lower as this selling pressure intensifies our next guest has three charts that every investor should be watching g to have you here

apple is giving ceo tim cook new equity rewards that could be worth up to $114 million.-- they are the first he has received sensed he became ceo. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. gupta.ika this is bloomberg. ♪ mr. biden: here's the deal. this man is talking about a vaccine. every serious company is talking about maybe having a vaccine done by the end of the year, but the distribution of that vaccine will not occur until sometime the beginning or middle of next year to get it out. jonathan: much more still to come throughout the day here on bloomberg on that debate. live on bloomberg tv and radio, this is "bloomberg surveillance ." alongside tom keene and lisa abramowicz, i'm jonathan ferro. down 19 on futures the s&p 500, we are off by 0.6%. we improve off the lows from overnight, but we are still negative. europe really of peaked at the start of q3, and then rolled over just a little bit. 0.65 percent is still your yield on the 10 year. i will tell you if that i

. >> you'd see tim cook, i think we had him live once, too. it will be interesting.ail in your in box maybe people will check it out that way. >> something to watch. >> maybe they will. >> thanks, scott. >>> 5:17 this morning and a thanksgiving tradition reimagined this year due to the pandemic. the macy's thanksgiving day parade will not be live this november. new york city mayor bill de blasio sharing details what we can expect but saying macy's will release more information soon. you will be able to watch thanksgiving morning here on nbc bay area. >> i always wanted to go see that. >>> six months ago parks like disneyland, six flags and universal studios closed. now the california attractions and parks association have created its own plans to reopen but still need the green light from the states. park goers requiring face coverings and social distancing. a reopening date won't be set until the state gives that approval. >>> trending this morning if you feel during this pandemic your life is getting flipped turned upside-down. >> take a minute and sit right there.

not quite a slew but tim cook doing it virtually to let people know they have new stuff out there.iphone next. that comes next month. it's a big reflection on a barometer of the technology industry, so the thinking is, as apple goes, so does the technology world, which had been taking it over the chin before stabilizing. susan li following these fast-moving developments. so what do we have here? >> now 5g iphones yesterday. but plenty of other things. two new apple watches, two ipads and a fitness program. >> it showns an infrared light on your wrist. it calculates the color of your blood which indicates the amount of oxygen present. >> so blood oxygen monitoring with other cool new health features on the apple watch series 6. sleep tracking, hand wash timers and a cheaper watch, se that starts at $279. apple sold more watches than the entire swiss watch industry. apple announcing a $9.99 a month fitness work out. it comes free with any new watch for three months. the i pad 8 starts at $399. the ipad air that uses the most advanced chip is twice as fast as the older generation. als

warren buffett has seen apple plunge about $21 billion in value since the stock's high ceo tim cook,he board arthur lever levinson they have seen their stocks take a hit, too these losses are a fraction of the gains these stockholders have seen. apple stocks still up about 60% this year and up about 40% in the past three months alone. kelly, back to you >> josh, thank you very much we appreciate it, sir. josh lipton with our apple roundup. >>> the stock has been under pressure of late, so has the whole tech sector, so has the whole market, in fact. coming up, we'll tell you about j.p. morgp morgan out with its k for september. some of the names they mentioned may surprise you and there are a slew of retail names outperforming today. capri, american eagle, rh and foot locker all seeing gains of 6% foot locker up 7% in the past week now capri up almost 15% now in the same time. we'll keep an eye on it. we're back after the short break. stay with us i'm a verizon engineer. and i'm part of the team building... ...a powerful 5g experience for america. it's 5g ultra wideband, and it's alre

the same thing about jeff bezos, bill gates, where you could argue with the success, look at tim cookerior book coming out, his value has gone up tenfold. jeff bezos, i'm not saying it's unimportant to them, but it does not take the fire out of their belly. >> the implication of the question is work is not as much fun, work is the most pleasurable thing you could do. the trick is you have some time to do something else, bill gates loves what he's doing, steve jobs loved what he was doing, and so i love what i'm doing. i don't really want to just play golf or play tennis, neither of which i'm very good at. i want to do something i think is making a contribution. and i would say that those people who build great companies think they're making a contribution to the world, they tell mike and i think they probably are pure not just in your career. he worked very hard, and does it work or pleasure? you enjoy doing it. if you enjoy doing it, it's not work, it's a pleasure. >> neil: then again, i don't know if the other anchors at fox are paid, david. that is something i'm looking into. i don

if there is widespread cheating, he will have the authority to arrest zuckerberg, to arrest tim cook,rest the clintons, to arrest anybody else who can be proven to be involved in illegal activity. force will be met with force. that's the way this is going to have to work. it's really unfortunate. >> okay. so roger stone, again, not just some random crank, the president's closest political adviser saying the president should impose marshall law and start an armed coup to take over the country. that's happening as his long-time ally and a trump protÉge as we told you at the beginning of the show is telling people to buy ammunition. roger stone is notoriously and proudly a cheater. he has a tattoo of dick nixon on his back. and the president is a cheater. cheating is what they are up to now. and someone who witnessed that cheating firsthand, who sacrificed his career to tell the truth about it is now breaking his silence. that's next. that's next. and ask your doctor about biktarvy. biktarvy is a complete, one-pill, once-a-day treatment used for h-i-v in certain adults. it's not a cure,

if you're tim cook who is happily or proudly a watcher of this program, if you are waking up this morning risk do you think this puts that company in >> well, i assume tim cook has better information certainly than i have on this and has been following it and probably has a lot of lines into t and i really do think there's a lot of showmanship here we know this is the way our president negotiates and sometimes he does follow through so you can't be -- he is unpredictable there, but my guess is that's the way apple is looking at it. as you're talking about it and suddenly apple has to close down china, something like that, the implications are huge. it's just if it continues to escalate, it is a huge deal. it is not a matter of just simply decoupling and going about our own business the global economy is not structured that way anymore. >> news is news, henry obviously we're focusing on this i think we wanted to ask you what you're going to do with all of your snowflake stock you got on the ipo have you already told? are you buying more? what do you make of that i don't think you have any

lated to the multiple because of this all the big tech companies will be part that have conversation tim cookoal is to make the world's bess products and by definition when you have the best products it's difficult to have high market share which puts you at risk for regulation, but i do think that the company still needs to navigate, i think, some of its policies related to -- navigate some of the conversation around regulation and so they will be a part of that if you just put it all together i think the simplest path forward is that the companies that are going to really be the center focus of this is going to be companies like facebook and google yes, apple is going to be part of the conversation, but at the end of the day i do agree with tim cook and their view that lower market share ultimately creates -- makes it more difficult to build a case of regulation and, again, i would just anchor, yes, we have a lot around regulation here and a lot of that conversation is going to continue in the months and years ahead, but most importantly which companies are going to become more fundamentalt

guess what combine that with heart rate and signs to pick up and might have signs according to tim cookve covid. it could pick out a potentially heart congestive failure it could pick up a bunch of stuff by combining signs not gong to diagnose that but give you a hint saying things aren't looking right here you better see your doctor so a lot of big at play with watch as well as tieing it into their services some more. maria: because health care really is the growth story here trying to track everyone's health and wellness has been really resonating with people there's also apple watch se right what makes that one unique? >> you know what you're seeing here is -- solidifying of cooke's plan to really take the existing apple product line and then stretch out these versions so that you have the lower more affordable end one which is the sea, that is much massive success earlier in the year. right when the pandemic hit do you recall they launch iphone sc, and as chinas sort of coming back around sales were through the roof. of ai phone sc did fine globally taking on same sign. here's a mor

they told their clients that tim co cooke's company is still their top 5g play. >>> that is a nice set for our next guest roger is back with us on why he saw this coming. roger, great to see you again. >> great to see you, carl. >> i was just looking at a tweet you wrote on the day you were on tuesday of last week when you talked about trimming, that you had trimmed nearly all of your 20 or so tech holdings you said, you know, if i were magically frozen in tbills for the next few years, that's okay. >> carl, i'm not going to claim any kind of crystal ball here. i think the core issue that i shared with you is that at my age, with my outlook in terms of willingness to try to work hard to earn back anything i lose, didn't want to take a huge amount of risk what i perceived was going on in the market was a speculative blow off i believe that apple was just barely blow where it was when i made those sales and again, it wasn't over fundamentals, it was simply because for me, it felt like the risk was too high and i would rather have dead money in t bills while things sort out. and i could e

. >> by the way, tim cook with his first package of rsus i think in about nine years, jim, that's anting piece of news out of apple. as for the broader market, nice bounce, all sectors green, vix is down a point, the dow almost all components are green, led by boeing and dow jim, a lot of travel names doing well i wonder if you think this is responding to the news we've gotten out of regeneron whom we will speak to in a moment, moderna, quest. >> yes. >> bdx and some others. >> we're getting a bridge. regeneron is a bridge to a vaccine. the abbott testing, which i continue to believe is undervalued in this market because it's only $5, is going to give you a chance to show that you don't have covid, you can test every single day, i mean, obviously you don't have covid today, you get covid tomorrow what did we learn from the tennessee titans, every one of those guys was tested right before the game and then they tested after the game and it was no go. the one that i was hoping david would shoot down and he hasn't is the duke energy alleged deal which, david, i am told is not a real dea

when apple's ceo tim cook takes the stage and introduces new iphones. now bloomberg reporting what to expect he asked them to build 75,000,00575 million of the 5-g iphones there is a wider choice of screen sizes the no details on pricing yet. also apparently am coming, a new ipad we know the work from home trend has benefited the ipad and the mach two new apple watch versions over ear head phones and smaller hom pod speaker apparently in the works too. this coming, of course, as apple is on a terror it's up about 80% so far in 2020 j.p. morgan just raising by the way the price target from $115 to $150 citing upcoming catalysts like that 5-g launch b of a maintained a neutral rating but also raised their price target from about 117 to 140. short term momentum, they say, can trump valuation. guys, back to you. >> josh, thank you extraordinary run for apple. extraordinary run, of course, of late for tesla, too. fl cooling off a little bit today after yesterday's double digits gains phil lebeau has a look at what is behind the latest moves from tesla includ

warren buffett saw the apple stake plunge $21 billion also take a look at tim cook ceo jeff williams a cut too. this say fraction of the gains that they have enjoyed apple stock is up 60% this year. about 120% over the past 12 months guys, back to you. >> josh, thanks so much for that charlie, all else equal, what do you need to see apple fall further to be a buy yourself >> it has a long way to go i'm still kicking myself for not buying in that fraction of a second when it was a value stock trading at five times earnings as the people at motorola, as the people at blackberry and the people at palm pilot it's a long way from value here. >> but you get new watches in a week you get new phones in a movement even if it they are not completely game changers for the company, i mean, do you think that there would be a material boost from either of the new product lines? >> sure. it is a big company. of it's a long way from being a very attractive stock. literally about half if you say what should the market cap of apple be, i'd probably put it in the $1.3 trillion range and we're still abo

tim cook has always said that he believes his greatest legacy will be health care and it turned out toe on the watch. >> you're sure everything is accurate, jim? i mention that because i have been using the watch, appropriate one for my son, it's a 3, i've been using it for open water swimming but the actual readouts i'm getting are not always accurate, my heart rate seems way higher than potentially, my splits on 100s are all over the place, when there is a current it's longer even though i go the same amount >> that's unfortunate and not good that means there could be false positives, you get a blood oximeter at 91 i don't know the answer to that. i do think that anything that makes it seem like that you're doing okay and you're not is no good i have a problem when i swim, which is that the siri doesn't work because somehow the water gets inside of it. i don't know if you had the problem. >> you turn a little knob. >> the crown >> yeah. >> yesterday it said i think you're working out and i came back i said, yeah, i'm working out. there you go, there's the interaction we've been looki

> it's a sales pitch and i don't think people are ready for that it's not like when you bring on tim cook, i think you ought to buy apple he says maybe you should buy an apple watch. i find at a certain point that this is going to end badly, but, do you know what, then i sound like just one of these cranks that comes on all the time, but i'm not a billionaire so i can't really say it's going to end badly. that's what billionaires say, carl like a billionaire is deeply, deeply involved and worried that they may be less of a billionaire. and they always say that it ends badly but i would say that there are too many spacs and the people who are thinking about doing the next spac, i mean, come on, slow down with the spacs. >> art cashin's note today leads with a story about the south sea bubble and he says i'm not trying to make the point that we're definitely in a bubble, but the spac element of these -- the enthusiasm in the ipo market is something he has not seen in a long, long time. fitsy says with the swings we're seeing in momentum trading >> this is the biggest week for ipos we have h

apple ceo tim cook received his largest stock grant since 2011.nother 324,000 units whether they meet or miss targets. based on yesterday's closing price, the maximum they could receive that value rises or falls. coming up, the high profile public debut and how the palantir become such a silicon valley darling and how micron beat estimates but warned that enter prize demand made be weak. it doesn't know they awhen it w able to sell to huawei "squawk box" is coming right back this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. 20 associate cart pusher.urly the different positions i've had taught me how to be there for others. ♪ i started out as a cashier. i mean, the sky's the limit with walmart. it's all up to you. ♪ ♪ a livcustomizeper iquickbooks for me. okay, you're all set up. thanks! that was my business gi, this one's casual. get set up right with a live bookkeeper with intuit quic