i like evan spiegel and tim cook i want to talk about tough issues with him. it's mostly people that don't drive me crazy. >> the collective market value at this point of time is in the trillions of dollars that's interesting when you started with sundar and he talked about making it 20% more efficient. the stakes are so much higher this year. >> absolutely. the tech is coming out of this pandemic period where they soared i talked about that many years ago. now it's a reckoning moment. i don't mean a reckoning in that oh-no kind of thing. they're enormously powerful. i wanted to lean into the future rather than litigate a lot of things from the past we had senator amy klobuchar here talking about legislation i thought she did a tremendous interview. andy jassy is here i interviewed him before last time i did he wasn't ceo. i've had a long relationship with him a lot of people i've had long, long relationships before they were trillion-dollar companies. >> tim cook, what a moment to get him. basically off the stage in cupertino, getting on an airplane and comin

you heard tim cook say it is essential a lot. "it is essential."al to our health and essential to our safety. i think it is smart marketing. emily: mark, when it comes to the technology, we are seeing more significant upgrades than we saw last year, but some people might still look at this phone and say it looks like basically the same phone. but those technological upgrades that look into any ship, better battery life, are so hard to do. can you talk to us about the significance of the inside changes that we can't see? mark: if you look at the jump from 13 to the 14, not talking about the probe models, i can safely tell you that there is no reason for you to upgrade, there is no faster processor, the battery life is about the same and that camera enhancements going from the 13 to the 14 are not that significant. but when you get to the pro models, there are some changes. they turn an ugly portion of the iphone into something that looks awesome, right, changing that knowledge into a softer area, you can see when your uber is arriving, when your mus

kriti: ed, as you were speaking, we were looking at a video of tim cook. some of this was pre-recorded. we will keep you up-to-date with all the news. ed ludlow will join us later in the hour, as well. thank you for your time. time for bloomberg's first word news with joe mathieu. joe: the new york governor said it is time to restore normal to our lives. the mask mandate has been lifted for public transit. she made the announcement shortly before getting her omicron targeted booster. it is now made available this week. the chinese city is extending a lockdown in most of its downtown areas to try to stem the spread of covid. it is the biggest city -- it reported 121 cases for tuesday, up from 90 on monday. a lockdown has been in place for a week. the head of nato says the war in ukraine is entering a critical phase. there could be a tough winter ahead for members of the military alliance that could include energy costs, disruptions and civil unrest. households and businesses will be tested. they face soaring energy prices and the rising cost of living cause

why has apple under tim cook been so drawn to china? look, i think it's a similar story for many producers, china has become the place of the world. they had a very good day in clusters of infrastructure for manufacturing. and so in that sense, it was a no brainer. you had ultimately, you know, in many their books gone in a lot of people, the relying on all i would need company to set up factories in china. so again, apple's not on the out of course, a very high profile company, the biggest company they lay wildly popular as you know. and so not to follow the path, but many others i've done and send to very much operational chain supply chain focused and china provided all those things that he looked for in terms of proficiency. right? obviously, we know a lot about the supply chain issues that came out of the pandemic. and the wes reliance on chinese production. where is the china apple relationship today? look, i think all are foreign businesses in china are struggling to something. thank cobit, as you know, yard report mentioned that

the queen's health shep mentions we are here at code let's kick off today's feed with apple, ceo tim cook covering a lot of ground yesterday talking overnight about his thoughts on user privacy, competition and the vision of steve jobs take a listen. >> he had a view that he really drilled in me that apple should own its primary technologies and that thinking led us to go into the process or business for the mac. first on the iphone -- >> our next guest was there in the room for the panel let's bring in verge editor in chief knilay patel. >> you were in cupertino earlier the day, and flew her for the panel. >> i was there in the morning and saw the new iphones and saw tim and john ive. >> it did lead to conversations about their current view of privacy, innovation and the like. >> yeah, i think the panel was about steve jobs, about his legacy, the first guest here at code 20 years ago. a lot of questions were what would steve think and a lot of answers were his ideals still permeate the company particularly around privacy where steve famously said ask, ask again, ask a third time. that's

maria: welcome back let's look at big tech apple ceo tim cook with house republicans here to discuss and privacy surrounding china under surveillance programs, opinion piece titled welcome to two-tiered america josh hammer writes social media platform and all the rig make remain huge problems demanding more from clear for right public policy. the man himself the newsweek opinion editor and the host of the josh hammer show, josh hammer is here. great to have you, thank you for being here. what do you think it's done at the meeting with tim cook and house republicans, where is this going, the censorship and plane sites. >> great to be with you as great tim cook is going to capitol hill it's tough to see to much getting done at this late hour, at this point were less than two months from the november election, a lot of us are calling for antitrust and common carrier and regulatory action over the summer back in may, june or july, the hour is getting a little late. this is a good political issue for republicans. i wish republicans took the big tech regulation message to the campaign a li

neil: the story, they sell you and tim cook, get out of the way it soothingly. >> i'm sure. >> greattt call pond on all of this, if you want to get into the issues of the stock that is a lot of people waiting in a long line to pay with the promax thousand dollar plus models, that is forking over a lot of cash, what do you think of that? >> when the iphone five came out i said no way they can do is six and a seven and eight and then i said no way they can raise prices above 1000 and then they did so apple is its own ecosystem, they created their own economy and people love it and addicted to it and i will tell you i don't need another one i'm pretty sure i will soon, that's how it goes with apple, they created what is the greatest brand names in the history of time. neil: you think about it, anytime over the year it could be apple or another product customers are keen on during recession or not recession times at all they prioritize, this is for a lot of folks, they think it's well worth it, retail sales in general now holding up but with the three tens of 8% increase it does say that

apple's big event is set to kick off right now in cupertino, california tim cook is expected to unveil the iphone 14, and maybe some surprises. the markets are a bit higher today. nasdaq on pace to snap the longest losing streak in six years. our next guest says do not jump into tech yet. >>> and share of academy sports are jumping today. the company's ceo will join us to talk the retail environment, the consumer, and everything else that's ahead let's begin with dom any chu there's a bit of green over there. >> just a bit. we're going to try to snap that multiday losing streak, the other we have seen in quite some time by the way, we're stilt tilting towards the highest levels of the day. the s&p 500 3949 the the last trade and 11,679 at the highs of the session we were up 44 points, at the lows we were down just two, so generally speaking, a positive market not so when it comes to oil and gas. check out the energy sector. wti crude, october futures, $82.50, down 5%, similar kind of moving in some of the big names. baker hughes on the services side down 3.5%, halliburton down 3% marat

tim cook is the one person i want to hear from. what do i want to hear from him? i want to know if the iphone 14, the pro, the higher priced phone is where we're seeing the lack of demand. what we've got now is 90 million, that's probably falling back to what the estimate was going to be. that's what they forecast originally that's what they did last year the weakening demand is coming from europe, coming from china i read jeffrey's note that said in the first three days the demand from china is down 11%. i already knew that. i'm not yet concerned until i hear from tim cook i should be >> you'll have to wait at least three weeks when they report their earnings, and then you get a real picture but, steph, it's like beyond this report it's the thought of what this means for the overall market i mention at the very top, you know, this last general standing, so to speak. >> it's 7% of the s&p 500 in terms of waiting it's very, very big. you know i'm very underweight apple, so i'm on the opposite side of this not surprising to joe's poi

apple ceo tim cook heading to new york's flagship apple store on fifth avenue. check this out, to check the sales out for himself. but as the apple faithful chair on the launch day for the iphone 14, wall street is boo'ing apple now replacing tesla as the most-heavily short ed stock. with the closing bell ringing in just over 45 minutes and the dow down 180 we're going to take you live to the fifth avenue apple store next, to get a read from customers. that when the "clayman countdown" returns after this quick break. ♪ ♪ ♪ ♪ ♪ ♪ go. go scientist. go software. go cure. go production. go faster and safer. emerson automation software helps breakthrough medicines get to market at warp speed. go human go. go boldly. emerson. like many families, the auburns value time spent together. to share wisdom... i got some of my gold before i came to this country. i got some of my gold before you passed the bread. encourage one another... i can buy gold for this?! you can buy gold for this. and talk about life's wins and misses. responsibly sourced like my gold but not responsi

that's starting tomorrow tim cook, andy jassy, evan spiegel.erence the next week talking to another cohort of ceos carl from enterprise to consumer we're going to have you covered. >> pretty amazing between the apple event, powell on thursday, ecv this week. let's get to the half. >>> welcome, everybody tech troubles. the nasdaq flirting with its seventh consecutive loss the investment committee joining me this hour, kari firestone and josh brown what the markets are doing at 12:00 noon in the east we've had another reversal we're positive for the majors. the ten-year note yield, one to watch today. we're at

andy jassy of amazon, tim cook, and we'll wrap up coverage on day two of our coverage of code here tomorrow on "tech check." the half begins now. >> thanks so much. >>> welcome, everyone. what today's apple event really means for that stock and the entire market for that matter. we'll discuss and debate with the investment committee that event beginning less than one hour today let's go to the wall we'll check the markets today, show you what we're doing at 12:00 noon we have a pretty good day for stocks the dow is up 225. s&p and nasdaq positive as well. nasdaq obviously a point of concern of late with that big-time losing streak but, joe, i'm beginning with you, i have to have a conversation with you. you -- >> let's do it >> -- said that you were looking to buy the queues. you said this ten days ago i asked you yesterday, what's up with that? why haven't you bought them yet. and you said technically the time was not right i look at my sheet now joe buys the queues. what's up with that? >> i think there's a great lesson for the viewers i said to you yesterday that it's not about me being

is tim cook and co. willing to spend those -- that cash? have cash to burn. >> they have a lot of cash and they want use that cash to make more cash. they are making $20 billion a quarter on home services, $80 billion a year. imagine that $2.5 billion investment what that will do for apple's bottom line. maybe one day will be talking about 90 billion or $100 billion annual income from services -- four services with nfl sunday ticket just being the beginning of that. it is a holy grail of all sports. even nba does not want to broadcaster games to go up against sunday nfl games. >> how often does it go to cash to cash to cash? thank you to you both. be sure to catch the lineup tonight 7 p.m. new york time, focusing on the sports betting industry. former dallas cowboys joins the program. coming up will take a look at the resurgence in climate focused investing is companies and governments double down on widening their carbon footprint. this is bloomberg. ♪ >> this week is climate week in new york, a summit from international leaders -- with in

how about here in new york >> yeah, becky as you said, tim cook did just walk in.and welcome all of the people who are standing in line, believe it or not here we are all these years after the original iphone. there's a line around the block right behind me. you can't see it in this shot. people are waiting here for the last few hours i talked to one couple from brazil they're here to pick up an apple watch, not the iphone. they're here to get the new watch before they head back to brazil what this means, the sales mix and so forth, what we're looking for is the mix of pros versus the regular iphone the pros are selling better, which is great for the average selling price that apple gives and remember that last earnings tim cook had said we're going to see modest revenue growth in this quarter that kind of explains why they're releasing this phone a week earlier they're going to get the extra week of sales to round out the quarter and their fiscal year, becky. >> steve, the higher selling price for the pro is a big deal. do they also have higher margins though i he

. >> thank you >>> coming up, reaction to the apple the product lineup and comments from ceo tim cookite i don't miss steve jobs. >> miss steve jobs, but tim cook has done amazing >> the company didn't skip a beat after wloe st steve jobs. we'll be right back. >> announcer: cnbc work is sponsored by airtable. connect data, teams and work flow this is how. th captivating a global audienc e. this is how. airtable. my dad was a hard worker. he used to do side jobs installing windows, charging something like a hundred bucks a window when other guys were charging four to five-hundred bucks. he just didn't wanna do that. he was proud of the price he was charging. ♪♪ my dad instilled in me, always put the people before the money. be proud of offering a good product at a fair price. i think he'd be extremely proud of me, yeah. ♪♪ (woman vo) sailing a great river past extraordinary landscapes into the heart of iconic cities is a journey for the curious traveler, one that many have yet to discover. exploring with viking brings you closer to the world, to the history, the culture, the flavors, a

. >> good live pictures from susan's camera apple ceo tim cook right there clapping, they love him, i mean, look if you are an iphone nerd like me i am telling you this is a moment i love. >> steve jobs' daughter was dunking on newest iphone saying too similar to old one apple doesn't have to reinvent the wheel they've already done it already nailed down, a perfect network of devices connect together all you expect is battery lasting longer yes can it with stand being dropped in the pool more, yes, they nailed it. cheryl: live pictures, folks, tim cook in new york city, apple big day susan li on it all day for us tiana john stay right here next hour of "mornings with maria" starts right now. . cheryl: good morning, everyone. i am cheryl casone in for maria bartiromo. friday, september 16 top stories 8:00 a.m. eastern time. biden's border crisis. the white house claiming southern border is secure. as migrants fled into united states, biden administration reportedly ready to consider litigation options against republican governors for bussing illegal migrants to sanctuary cities, white

what does tim cook have up his sleeve for this launch?ming up next. >>> don't miss an outstanding interview with the starbucks founder and the starbucks incoming ceo tomorrow at 8:30 am. stick around. we have lots more coming on fast money in two minutes. ♪♪ ♪♪ ♪♪ be ready for any market with a liquid etf. get in and out with dia. ever wonder what everyone's doing on their phones? they're investing with merrill. think miss allen is texting for backup? no she's totally in charge. of her portfolio and daniel g. she's building a greener future and he's... running a pretend restaurant. and phil? phil has questions, but none of them are about his portfolio. digital tools so impressive, your money never stops working for you with merrill, a bank of america company. pst. girl. you can do better. your money never stops working for you with merrill, at least with your big-name wireless carrier. with xfinity mobile you can get unlimited for $30 per month on the nation's most reliable 5g network. they can even save you hundreds a year on your wirele

steve jobs has the last thing, tim cook does one last thing.fore the nfl season starts, you could get an announcement of shelling to billion dollars each year to the sunday ticket to put on streaming and as you know these companies would spend. neil: let us know how that goes. there's a lot on the line, looking at apple as a barometer, consumer demand, retail stock as it is a consumer player, technology juggernaut. signal for the rest of the country, will people absorb higher prices? they have in the past. >> i love my phone but not in any rush to buy a new apple phone today. i love my ipod but not rushing to buy a new one because the old one worked pretty well. today's far out announcement isn't just about apple but people's utility bills going up 35%, 40%. it is going to be spent elsewhere, apple is pushing the limit on prices, with higher prices. we are worried about utilities, to spend on apple products, it is a different type of environment. and a ton of products, and what we are used to. neil: with the news or statement coming out of the

when you talked to tim cook and you weren't too far from here with the release of the new iphone, 14?ig demand for the expensive versions, so people were plunking that down. is there a disconnect between what's happening with technology stocks and what's happening in the case of apple to its products? well received and is well paid for. >> there might be a disconnect between how the stocks are performing and consumer sentiment because you saw it yours, there were line-ups. first time we've seen it in three years, but i think there's a disconnect because stock markets, wall street is reacting to the treasury yields. we're looking at the highest now in ten years n a decade, at 3.7. you heard from the federal reserve and jay powell who says i'm very serious about raising interest rates to clamp down on inflation, kill inflation -- neil: and this hits technology stocks disproportionately -- >> of course. neil: it is what it is, and it's market lore that rates go up, technology stocks go down. you talk to people who say this is overdone because rates are still going to go higher. >> i woul

. >> apple's tim cook, johnny ive. >> comes from nowhere, none offous -- >> i have to ask about tiktok is the company that everyone has been talking about. >> tremendous threat advertisers love them. there are lots of risks, where is that data, where does it go >> we've tried to put the user in the driver's seat to own their day at a. >> so much of what tim cook's apple is able to do, i think, is put together ingredients that steve jobs himself didn't have. >> a lot of the questions were, what would steve think, particularly around privacy, where steve famously said you've got to ask, ask again, ask a third time. >> fascinating look, though, at the ways in which company are looking at costs. >> we made the decision is that we would air on the side of building more, if we were higher than we needed, that we'd eventually grow into that footprint. >> talking to a major investor in growth tech. >> a move of growth at all costs to need to focus on profitability. >> it's not like last year when folks had three years of runway out raising huge rounds. >> now there's a situation where netflix

and not just elon musk, other ceos including tim cook, jamie dimon, have expressed their desire to gett employees back to the work, most if not all of the time, while saying employees are resisted the idea. for more on this tug of war, let's talk to jim stewart of "the new york times," also a cnbc contributor, and he joins us via the phone hi, jim. how are you? >> i'm great thank you. >> what's the times doing, by the way? >> it's such an interesting issue. the times is asking everybody to be back three days a week. and the guild, which represents a lot of the reporters, haas balked and said we're not coming in so they're something like 1300 gild members this week who are not going into the office. i'm not in the guild but i haven't been going in this week either. i just don't want to get in the middle of this fight >> wise, as always we're sort of on a three day a week plan here tuesday, wednesday, and thursday in, and fridays and mondays optional that sounds pretty reasonable. >> yeah, i can't object to that. i have to sigh from personal experience, and in the reporting business, it

fits my needs quite nicely. >> good live pictures from susan's camera apple ceo tim cook right thererd like me i am telling you this is a moment i love. >> steve jobs' daughter was dunking on newest iphone saying too similar to old one apple doesn't have to reinvent

the event comes as apple faces with ceo tim cook calls a cocktail of headwinds.id shutdowns over in china. our technology correspondent, what is apple doing to offset these production delays? >> so what apple has done is shifted production around china to where these lockdowns are happening to prioritize iphone production. that is their most profitable product. what suffers is max and ipads. but basically they've been able to figure out the g code to get around these lockdowns and around these heavier restrictions in order to continue making the iphone so they can get it out in time. >> four new iphone models, what are they going to be, what is new about them? >> for the first time, the regular baseline model is going to come in that big size. that's what people are reporting right now. and then the pro line, the most expensive one, it is going to have more screen space. the little notch at the top of your iphone is going to get squished down into little sensors that just look like a hole punch almost in the screen so you have more screen space. on top of that ne

to the competitive front that tim cook mentioned, it's interesting, they're not the highest they've beens. i think that's important to watch. >> it was nice to have color of the event and then the cook interview here at code last night. womsi, great to see you, thanks so much. woms mohan, bank of america. >>> powell certainly reiterated his mission to get the rate down higher good morning david, this chair of the fed and the other folks on the policymaking front have a lot of message discipline now, right? they're not going to give the markets an explicit wink to say we think the market is almost accomplished, but place that in the context of what the markets are reading and what they're trying to project ahead to, just how much more is to be done in terms of the fed tightening. you know, i think the market is kind of telling you that they have a lot of this priced in, and, you know, you said it just before we opened the segment, we got a rate hight from the ecb, a leak that it's more likely a 75 than a 50 from the fed, and jay powell and the other governors sticking with the script ther

yeah, apple ceo tim cook took the stage today and what we found apple finding a way to incorporate healthafety features into all of their products. they unveiled. >> the new iphone 14 and iphone 14 pro features camera upgrades. it's great for selfies and professions that i was going throw rocks alone with groundbreaking safety capabilities. crash detection automatically dials emergency services in the event of a car crash. what we really saw today was a lot of focus on health and safety. bob o'donnell with tech knowledge. his research is a prime example is the new apple watch series. 8 along with crash detection. it also helps with women's health. the watch will track their temperature to help women estimate when they ovulate for young families planning when they want to have children. that's a big deal. apple also unveiled a new watch apple watch ultra made for the ultimate outdoorsy person or athletes starting at 7.99, a bigger screen in a titanium case can also serve as your dive computer where maybe you're looking for some air pods waste. can also change >> with the air pods, pro char

they wanted to be here day one and they wanted to see tim cook.here when the doors opened at 8:00 a.m. >> wow all right. so, steve, which new iphone models are selling the best? i have an iphone negative one, man. i got to upgrade. >> reporter: the data is showing that the pro model is the more expensive one, are selling out faster than the regular models and that's good news for apple because, one, this launch is a week earlier than normal, and two, those higher prices for the iphone boost the iphone revenue. cook reminded us last quarter we will see modest revenue growth for apple this quarter and to round out the fiscal year. this is probably why they chose to do it a week early to really end the quarter on a high note and meet the targets that cook said. >> do you have any preferences there are different ones, different cameras and stuff. do you have a personal preference >> reporter: i like the bigger one, that max size more screen, more battery life i'm out and about all the time as much battery life as i could get, it's worth to getting tha

it's the uniform of the "tech bro." jeff bezos, apple's tim cook, just some of the names sporting patagoniafrom its eye—catching position on the environment. it's even taken out ads saying not to needlessly buy their products. their clothes are supposed to be for life. so, there is a particular model of capitalism called shareholder capitalism and it says the only purpose of companies is to maximise shareholder value. we don't agree with that. the company's founder, a mountain climber at heart, is a passionate environmentalist. everything we do as a company is to be more responsible and it turns out to be good for the business. he's now given the company, lock stock and barrel, to a charitable trust aiming to protect the environment. in a statement, he said... but patagonia items are expensive. this top costs £90. critics argue it is easy to be against fast fashion when you can charge so much. the cost of doing it right, meaning that you pay attention to the whole footprint, how much water is used, whether dangerous dyes or chemicals are used and reducing the carbon is a bit more this top c

. >> after a brief all come from ceo tim cook, a pre-recorded presentation with a heavy e phasis on the life and aspects of apple products. the best photos and videos, better health and safety iphone 14 comes in 2 sizes with last year's processor but an upgraded camera starting price remains $800. your selfies are going to look better on this smartphone because for the first time on the iphone 14, they now have auto focus on the front facing camera iphone. 14 pro has a new faster processor inside and comes in 2 sizes. this is the iphone 14 pro you can tell by this pill shape at the top of the screen there and on the back, we've got a brand-new 48 megapixel camera and always on display. let you see the time date and other information. 24 7. so right now the screen is off. you can tell that it's on night happened. it comes to life. apple calls the pill shaped sensor area at the top. a dynamic island displaying little bits of information and you can tap to bring up the app that is displaying information about starting price for the 14 pro is $1000. both phone models have a go. pro style ac

. >> yeah, apple ceo tim cook took the stage today and what we found apple finding a way to incorporatehealth and safety features into all of their products. they unveiled. >> the new iphone 14 and iphone 14 pro features camera upgrades. it's great for selfies and professions that i was going throw rocks alone with groundbreaking safety capabilities. crash detection automatically dials emergency services in the event of a car crash. what we really saw today was a lot of focus on health and safety. bob o'donnell with tech knowledge. his research is a prime example is the new apple watch series. 8 along with crash detection. it also helps with women's health. the watch will track their temperature to help women estimate when they ovulate for young families planning when they want to have children. that's a big deal. apple also unveiled a new watch apple watch made for the ultimate outdoorsy person or athletes starting at 7.99, a bigger screen in a titanium case can also serve as your dive computer where maybe you're looking for some air pods waste. can also change by it. with your finger

paul: apple's tim cook at the unveiling of a new lineup of devices including the iphone, airpods andtdoor sports. there were few surprises, except a strategy of keeping some prices stable despite hot inflation. we get details from technology editor tom giles. keeping the prices down, what is the logic? tom: they want to see consumers getting out there despite the inflation that is resulting in higher prices of just about everything else bit they want to send the message you can still get a good, high-end apple product at the same price you could in recent years. what is interesting is, they are basically putting more high-end features into the more expensive devices, hoping you will upgrade. maybe if you were looking to get a new phone, you would be more willing to gravitate to one of the higher-end devices if you have been on the lower end in recent years. it is just one way apple can keep its margins up and get people buying those higher-end devices. shery: telus of -- tell us about incremental changes, i understand there is a new sos feature? tom: that is right, this is a way for

emily: tim cook told me apple would be more deliberate about spending as the macroeconomic crisis continueshow would you describe microsoft's strategy? if you are going to be more conservative, how much longer? >> two points. one, we have done a lot. last year we grew 70,000 plus people joining microsoft. i do think we are going to be more deliberate. what does deliberate mean? it means wherever we need to grow, we will grow. wherever we need to be more productive, we will be productive. taking the same medicine of doing more with less. it is a great opportunity for us to practice what we preach which is being able to make sure we take 70,000 people and make them feel part of microsoft's purpose and mission, to help us because of all of the --. we have businesses doing super well, but we will be looking at what the macroeconomic situation is. i feel confident between the -- in the growth we will be able to navigate the waters. emily: tech stocks have taken a beating. microsoft has not been immune. -- way tech companies have retained their employees, by the attraction of equity. how do you s

here in new york, tim cook has been in town, on the east side, on fifth avenue, meeting customers ofbe excitement there seems to be demand. this three is asking -- the street is asking, will it boost apple sales? let's pull up the chart, we need to contextualize how important the iphone is in terms of overall sales. more than 50%. apple is reserved the biggest upgrades for the most expensive handset. we have been talking about data for preorders that shows there is demand for that most expensive handset. the other story is evidence that demand for consumer electronics is really slowing down. let's look at the numbers for iphone sales over the last few years. i am going to go to 2021, an incredible year for apple. record iphone sales. the thing is, the early data also shows that the demand for the highest price point handset with the fanciest, most high-spec features, is doing what we saw in 2021 as well. there is a debate about this. a guy that works at bloomberg intelligence here in new york said he might not see it the way some of the street sees it in terms of this wave of upgrade

making a statement with the lineup this year andy jassy of amazon, bob iger from disney formerly, tim cook, secretary buttigieg, governor newsome, andit it's happening a we get two more dates for product announcements. apple will have a hardware event on october 6th, maybe some pixel phone, a pixel watch, and meta announcing a headset event on october 11th where it will perhaps get a headset. all of these new products are coming into an environment where people aren't necessarily sure how consumers receive it it will get interesting. >> yeah. a lot going on there, carl i was taken by those comments from pichai in terms of competition, given everything we know that's going on in the regulatory front of course alphabet is under the microscope when it comes to that seems to be almost talking to lena kahn saying, come on, things are pretty competitive as it is. there are those that would argue on that, but it was interesting for them to list all those companies he sees as competitors. >> it will be interesting to hear how jassy and cook, two examples, will return service and talk about how the

tim cook has carried that forward. i don't think we have to play the dirty washington games.don't have a pac. the last couple years in which apple has come into the limelight has shown they have to get engaged and they have to be telling their story in washington. now they are kind of catching up with their peers. emily: what are you going to be following especially as we get closer to midterms? there is legislation moving through congress on big tech quickly. >> yeah, so it is becoming clear legislation is not coming to a vote the midterms. they're leaving open the possibility and may come to a vote in the lame duck after the midterms. that is incredibly unlikely. if republicans retake the house, probably antitrust will fall to back of the shelf and content moderation and censorship claims will fall to the four. emily: appreciate your perspective. is always, thank you so much for joining us for you -- joining us. the fight against climate change. is it gaining momentum? we will talk about whether companies are making serious changes to their operation and if not, what it wil

tim cook saying, there is nothing more noble than devoting your life to the service of others. uk's former deputy prime minister saying that her stoicism and sense of duty was a calming and stabilizing influence. manus: those tributes are pouring in from around the world and the commonwealth which queen elizabeth ii lead. she's the uk's longest serving monarch. she reigned from the age of -- to the smartphone. she has died. she was 96. >> queen elizabeth the second reigned during a time of unprecedented technological, social, political change when she took the throne. there had been debate over whether her coronation should even be televised. by the time of her death, she recorded a comedy sketch for broadcast on twitter. as head of state, she presided over the end of britain's global mighty empire and watched the united kingdom remove from the european union. >> my government intends to work towards a new partnership with the european union based on free-trade and friendly cooperation. >> she was born in london on april 21, 1926. at the age of 10, her father unexpected lee bec

i don't know, but please, tim cook, do not disappoint. the whole markets hanging on your every word. let's get to politics shall we? president biden tries to walk back his divisive rhetoric after referring to semi-fascism in the republican party. he now tweets, "i want to be clear. not every republican is a maga republican." he says, "together with mainstream republicans, we can choose a different path." his divisive speech, where he was flanked by marines, continues to bring criticism. in the new york times, of all places, brett stevens writes, " he insults millions of voters as deplorables." that's in the new york times. meanwhile, in california, governor newsom coming in for a very sharp criticism, that states on the verge of rolling blackouts, having urged residents to go electric now says please, don't plug in your ev because we need the juice for air conditioners. as we predicted, more leaks from the mar-a-lago raid, trying to smear donald trump. the washington post suggests some of the files seized contain material on foreign nucle

max: for years, investors and fans of apple have been waiting to see if ceo tim cook can release a producto match the iphone. the next big thing could be in your pocket already. i'm talking about these little things, airpods. third-party estimates suggest apple sold around 120 million pairs last year, taking in about $20 billion. the reason for this success also gets to the heart of why apple is so controversial. partly it's a credit to the headphones themselves, but only partly. it was easy to forget that when these were released, reviewers hated them. they did not sound great, got lost easily, not durable, environmentally questionable. they had one thing going for them, they were easy to set up with the iphone. this was not on accident. it was a combination of coke's plan to expand the iphone to a collection of products. the extras do not do much without the phone and the phone does not work particularly well without them. in 2016 when apple announced airpods the company also made everyone else's headphones worse by getting rid of the jack. normal headphones need an adapter. the company'

we used to hang onto every word tim cook said. what's going on with the rest of the economy?e doesn't have to say anything inspirational, and that wouldn't change the apple story. >> i guess it also speaks to the recent price action, krish the stock has underperformed in recent weeks they also looked at the historical performance of apple on a launch day and found the stock has tended to have a negative reaction. so what's your trade on the stock right now? >> yeah. i think it's largely true. it's still a great story yeah, the risk is what happens to be completely honest, we model iphone units down actually [ indiscernible at least some kind of mo modern modernization. the bottom line is it's still a good stock, a good story, because they still have very good -- free cash flow generation i do think in a modest recession sce scenario, people gravitate toward higher quality names. apple is one of them there's a risk with profits, and it just has to do with design and consumer, which has been good so fafrmt let's see how it goes in calendar 2022. >> alex part of the story has be

thank you, tim cook, thank you so much. look, look, i'm all for safety. i'm all for safety.if i do get into an accident, that me and siri are on the same page. otherwise, it could get a little awkward. ( coughing ) >> hello, 911, this is siri. trevor was in a car crash. >> trevor: thank you so much, siri. >> he was distracted because he was looking at his phone while driving. >> trevor: what? no, no snitch, siri, don't snitch. >> he was scrolling his ex's instagram. >> trevor: that's not true. i wasn't doing that. >> he still misses her, even though he's pretending to move on. >> trevor: actually, i'm just going to die. 911 hang up. i'm just going to die. i'm fine. i'm totally fine. ( applause ) now, the other big feature that apple announced is that the watch can now track a woman's menstrual cycle, fertility, and ovulation. yeah. so if you're trying to conceive, it can tell you what time it is. yeah. imagine that. everything. your cycle, your fertility, and your ovulation. a lot of people are excited about this, and a lot of republicans heard this and they were like, "hey,

looks like the one you're holding, right the ceo tim cook says these new ones have better displays andetter cameras and a slightly new design on some of the models cnbc's technology correspondent steve kovack is live from apple headquarters in cupertino. steve, what stood out at the announcement >> reporter: shep, you said it just like you and me and everyone at home, apple feels inflation, too people are walking in thinking the prices were going to increase on the iphones. in fact, they kept them stable that is a good sign that apple is really seeing demand strong for iphones and tells a did story of the consumer as we faced a looming recession, shep. >> they revealed safety features some of those were surprising. >> reporter: right now, the new iphone 14 line is able to talk to satellites. it can help you find a satellite signal if you are stuck in a remote area, you will contact emergency services and send them your location. this is something that has been talked about or holy grail for smart phone companies and apple is the first to do it. >> it is the gee whiz that gets you. that

tim cook singing the praises of the company and innovation. >> we are fortunate to be surrendered byhat strive -- strive to innovate together. creating products that enrich people's lives. products that are intuitive and are unique to use. and integration of software and hardware that is incredible. >> updated airpods include better noise blocking and can alert you if they are misplaced. it only happens about 10 times a day. it is also good because they cost $249. google is revealing new tech, the launch event made by google october 6, google launching its next-generation pixel funds with a next-generation chip. a pixel watch built entirely by google inside and out expected to be released with a new pixel funds. -- phones. >> do they have a thermometer built into them? kristen: one that tells about he danger -- heat danger. >> a little bit of a relief if you want to call below 100 barely relief. >> we talked about how they would not be nearly as high. we set all-time record high temperatures. i can tell you out here we have a refreshing breeze in san francisco. . as a look at santa c

them a lot from those covid restrictions we've been seeing throughout the country and also, look, tim cook and apple, they've been looking at india for the better part of a decade now trying to figure out how to make that market work for them so many indians can't afford iphones, but what they have discovered is they can do the production there cheaply and on par with china that's a significant move throughout apple supply chain to help them diversify so they're not so reliant on the whims of china. >> that sounds like a smart move, which apple does quite often. steve, thank you very much. >> thank you. >>> still to come, a special edition of three stock lunch we'll check in on the cnbc stock draft. who holds strong amid this market turmoil we'll be right back. flexshares etfs are built with advanced modeling. to fill portfolio gaps and target specific goals. strengthening client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. . >>> welcome back

apple ceo tim cook opening the doors of the store on fifth avenue, the iconic apple cube himself, moreyear and spoke to each of those eager apple fans. we ask why they are spending. >> i know in europe the price increase. >> the same price as the one you had before. >> apple has so many loyal customers they continue to attract people the way they do their launch event. >> reporter: high inflation, slowing economy not stopping these individuals from getting there expensive apple devices. jpmorgan say the iphone 14 is selling better than they anticipated. 90% of the traffic for those lines. that is the colored. stuart: i will take it. bring it back to the studio. stuart: a new report from pew research says christianity is declining in this country. in the early 1990s 90% of adults identified as christian. that went down to 64% in 2020. pete hegseth with me now. you are christian. why is this happening? >> these are alarming numbers, dangerous numbers but it is a gradual thing. i don't want to put it on one generation but a lot of the world war ii generation said we fought the nazis so yo

a significant interest in smart wearables as it relates to fitness and healthcare and affects -- tim cook said several years ago he believes that apple's biggest contribution will be in healthcare. i think that these new features further that initiative. liz: yeah, a lot of them, martin, are packed into the new apple watch and there are a whole bunch of different ones they put there. the apple watch, they've got the 8 series and ultra watch for the ultra outdoor explorer made for outdoor training, hiking, water sports like scuba diving and that's hitting stores for september 23 for $799 and has all kinds of features. as you look at that and see some of what they're packing now into this, it's like a mini computer on your hand, is it not? >> that's for sure. their road map caters to high end or consumer segments and apple is able to charge them more and apple is doing exactly that with the apple pro -- with apple watch pro. i think that creates additional brand loyalty and creates new users for other apple products. liz: yeah, looking at the horse face. usually in the past the horse face w