let's have a tim cook watch in china. rather talk about what jensen wants to do with the vision pro, which i think is monster, because it's business to business, and that's what apple's been waiting to do. >> yeah, you talked about this a bit yesterday. you really think there are, what, enterprise applications for the vision pro, and -- >> absolutely. buying autos and buying homes. >> it's not the stuff in the vision pro. it's what you can deliver to it as a result of this? >> you watched the interview. you did. you watched it. >> yeah. yeah. >> that's exactly what happened. and that stock was up $1.50 because of that, but people would never say that, because that would require genuine accelerated computing by listening to the interview, and people don't have accelerated computing. do you know that "moby dick" can be read in one second? >> i picked that up, and i mentioned it on air. he didn't even say a second. he kind of indicated less than a second. i didn't know what to do with that. >> i think "war and peace" is a fu

the names include tim cook and stephen schwarzman. this is the charm offensive. matters is fbi. that number is not a pretty one. >> it's the most negative we have seen going back decades. there's a question of how much executives will hear what xi jinping has to say and how much the executives are going there are being forced to hear what it has to say because of how much their businesses are dependent on a china economy. >> do they have to show up? i was with xi jinping and biden in san francisco. $40,000 to sit at his table. this will be expensive probably. >> the fact that tim cook was in china as this was unfolding with the doj, kind of tallies -- kind of tells you what's important to them right now. >> they cannot get away from it. how many tim cook farther? not as many as there used to be. >> apple the big mover yesterday. nike and lululemon under pressure, anticipating challenges in the u.s. market. they are recalibrating the merchandising lineup, shifting sneaker offerings. lululemon seeing a sales slowdown. the activewear company focusing on expansion in

mark: full course tim cook is going to be all smiles in china. china is a very important market, and tim cook is a poker player. he's not going to show his true feelings about this lawsuit. certainly not in front of the press and in a public setting as china is that you know, apple stock took a big hit yesterday. i could think of 10 better reasons to sell your apple stock than what is in this lawsuit. apple will certainly have to implement changes. i would imagine that what you saw in the european union regarding the digital market changes, opening up the nfc check, you were going to see a lot of those changes occur in the u.s., but out of think that is going to do much to change the fundamental situation with apple. they are making a lot of money from the app store. they need to figure out a way to bring in next big hardware category to market. everyone thought that was the car. that is probably what could have added 100 billion dollars or more to apple's bottom line on an annual basis. that is what could have doubled apple's market cap. that is

he reports to tim cook. this is time to show his work. what does that look like? the company has put enormous pressure on itself to knock their stocks off. they need a new one but because they want the ai feature. >> i wrote, as you were speaking, i wrote down pressure inside cupertino. you know tim cook better than most. calm, cool and collected as any ceo we ever see or deal with. they're feeling it. they have to be. >> you said thank god they have a buyback. >> you want to talk about what tim cook is thinking. the shift in tone from the way he talks about ai has changed over the last year. just last week talking about features that had been in existence forever. fitness tracking on your apple watch, be labeling that as ai. yesterday new macbooks came out. they call it basically the best consumer pc you can buy. it's all marketing right now nothing to supplement that or deliver on it but they are changing their story. they would say machine learning or some other concept around it. now it's ai, ai, ai. they know that's what the market wants to hear. >> it's chin

i will also note, though, tim cook was really good at codeying up to donald trump during his first term and got a lot of concessions especially with china tariffs. maybe that relationship can get leverage. >> our steve kovach back at headquarters. thanks for your reporting as always. kevin, we have a committee move. you bought more apple last week. >> we sold out of apple at the end of november. the stock had made a tremendous run. the earnings growth was slowing down. we pivoted into broadcom at the time. with the recent news we're seeing here with apple today, last week, 10%, 15% off the highs from december, we're willing to look at a company that's best in breed. cash flow machine, maybe look at this news as something that will hurt revenues. i think it will have to. it's depressing to watch a company that's such an innovator that to josh's point we're investing in because we want to and they're going to be penalized for being about best in breed. >> tim cook's in china right now. they're opening the second largest apple store in the world after the one on 5th avenue in new york. it

tim cook designed that when steve jobs was running the company.he reach china has -- the reach apple has in china is very deep. haidi: staying on china, bmw is forecasting slower growth there as the sluggish economy and an ev price war way on the industry. there was a miss on cash flow. the ceo tells bloomberg its top and electric cars could drive profit this year. >> bmw has a strong market momentum and we are not afraid. we take every competitor serious . bmw is also a very strong competitor. we believe in the strength of our products. in january and february we have very strong growth especially here in the eu. the european union is currently our strongest region. in january and february, almost 17 percent. we are not afraid of competition. and no one should underestimate bmw as a competitor. >> talking about the chinese market and competition they, how are sales shaping up there? how will that play into your mix? we have talked about the chinese recovery but it has not happened. how much growth do you expect in china this year? >> when you loo

that, you know, conclusions of those cases aside and which way they go, but could that distract tim cookrisk? >> oh, it is a risk. i think tim's got to really show that he doesn't get distracted here and i think he will. i think when you look back at microsoft and the big analogy over the weekend that everybody wrote about in the news is that bill gates said that he took his eye off the ball from mobile, he took his eye off the ball for music, by the way. and, obviously, that allowed the ascension and apple and others to happen. tim, look, they're going to be fighting this. it's going to take years it's not an area where i would have a particular edge i do happen to think there's a little less teeth in this than other things the government has done, but that's tough to proclaim i think that as long as they have an a.i. story that comes out with services, seeing increased revenue and bringing more to the platform, we're going to be okay and that's what they need to do. i think they're already making changes within the app store, within the way that they're going to do text messages, et ce

ceos from multinationals that are doing great business in china today. >> and are tim cook and apple positively embraced? are they seen as apple as opposed to america's biggest company, if they are currently the biggest this week? >> last week tim cook opened the 35th iphone store or the 35th apple store in china in shanghai their largest store and thousands of people were waiting for the store to open. he was given almost a hero's welcome in china to show it was not just a venerable well-respected brand including in china >> so let's talk about some of the companies you think are worth picking up in china, and you mentioned the positive consumer story that companies like apple want to be exposed to what are the domestic chinese names you think are worth buying with that theme in mind? >> we are coming out of the q4 earnings season for the internet companies holding kweb and you're seeing a potentially the trough taking place in q4. so we like the e-commerce plays because they're geared to that domestic consumption story as it comes back and that's your pin duo duo and alibabas and a

implying some kind of deal because tim cook can get a. a.i.t what you're saying? lauren: he's going to entice them with artificial intelligence -- stuart: make your case. >> stuart the asked a very, very serious question, so i took my glasses off and listened to you. [laughter] stuart: i want to go to chipotle. that's a very expensive stock. just shy of $3,000 per share. they've approved a 50for 1 stock is split. when does this happen, and what does it take the share price down to? lauren: the share price goes down to around $56, and when? june 26th, if it's approved by hair holders. a 50for 1 split is unusually large. it is the first time in chipotle's 30-year history that this is happening, because they want to make ownership more assess bl. -- accessible. chipotle's stock is up 72% plus in the past one year. it's not a tech company, it's not an a.i. company -- stuart: well, it's up 6% now on the grounds that when it splits, it'll come down to $56 a share, more acceptable to more investors. lauren: yep. stuart: that's why it's up now. just s

of apple, tim cook, to talk about the historic investments of the chips and sciences act to make chipsn ph■nix. tonight pat is building the field of dreams. and i announce a partnership in one of the largest investments of semi conductors in the united states ever. the new lark administration intl and up to $8.5 billion. it's a smart investment. and that's being paramedic with over $100 million including $30 billion in arizona and $30 billion in ohio.■ rights one of the largest private investor organization. and we'll expand them in ohio, mexico and oregon and combined will create more than 20,000 jobs. and i want to make that clear. everybody has a right to organize and have their labor protected. look, it's also to support 3,000 right here in phoenix with salaries averaging over $100,000 a year and don't alwayre and theacilities won't just manufacture regular semi conductors but will make the most significantly advanced chips. blowings my mind. has trillions of tiny features,edth -- width of a strand of human d.n.a., 40 times thinner than a human hair and requires precision down to t

tim cook has opened his newest store in shanghai, country.any's 57th and also the company's 57th that's out in new york city. the opening comes as the tech giant battles falling iphone sales in the country and rising competition from domestic rivals such as huawei. in other news: reddit has ended its first day of trading in new york up almost 50%. investors have been drawn to backing the social media platform, despite it having never turned an annual profit since launching in 2005. reddit said it plans to diversify its revenue streams and invest in artificial intelligence. we got some fresh inflation data from japan this morning showing that consumer prices jumped by 2.8% in february from a year earlier. this was up from 2% injanuary, and past the central bank's target rate. earlier this week, the bank ofjapan abandoned its negative interest rates policy and raised borrowing costs for the first time in 17 years. stefan angrick, a senior economist at moody's analytics, gave us a sense of the road ahead for the japanese economy. japan didn't ge

tim cook saying he loves china, the chinese people, it is a dynamic place. other ceos saying things like china has been doing like the 24 measures and the new data rules are encouraging. we are seeing a lot of positive messages but i think the big question is, how sustainable is this, especially as we head into the november elections? are people willing to invest because there are a few months of stability and positive energy in this relationship? annabelle: that was our chinese economy reporter. a fresh test of the city's appeal for big events. we speak exclusively to charles stewart later this hour. up next, we are live to the boao forum, asking the asian development bank about the ambitious growth target. this is bloomberg. ♪ you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. for nearly 160

tim cook isn't there just to enjoy the ambience and vibe, he will be having a high level meetings withd cyber security and hacking key individuals in the us and uk and now new zealand, etc? how does that play into this, or is that not talked about at this event because makers that ignored? chinese policymakers _ makers that ignored? chinese policymakers tend _ makers that ignored? chinese policymakers tend to - makers that ignored? chinese policymakers tend to be i makers that ignored? chinese policymakers tend to be good | makers that ignored? chinese i policymakers tend to be good at avoiding those loads of issues, these five points. some of the more important bilateral conversations will be happening, especially with tech leaders on the back of some of these restrictions come out of these restrictions come out of the us and us allies. but also closely looking, tracking conversations also happening in the automobile space, the ev production, foreign companies operating in china. but a lot of these are happening around the tension points of bilateral trade tensions, bilateral business

it was attended by some really big foreign ceos including apple ceo tim cook.ms have often complained about the red tape in china and how difficult it is to do business and how local companies are given advantages. they have also complained about things like intellectual property theft. at the china development forum held in beijing a few days ago, chinese politicians promised that foreign firms would also be given a level playing field. we'll have to see if any similar promises come out of the forum. similar promises come out of the forum-— the forum. suran'ana tewari speaking h the forum. suran'ana tewari speaking to _ the forum. suran'ana tewari speaking to us _ the forum. suranjana tewari speaking to us from - the forum. suranjana tewari i speaking to us from singapore. staying with china. and zooming in on the ev market, where one player has emerged as the front—runner — byd. recently the carmaker has been engaging in a full—out price war, discounting almost every electric and hybrid model it sells in china. byd will report its annual results later this mo

improving and it should drive a ramp-up in prices, price increases, and revenue. >>> apple's ce tim cookrrently in shanghai. the company's retail store opens in that city tomorrow. there's no word whether cook will actually be there. this comes as there's falling iphone sales and competition from huawei. >>> nvidia is looking to buy its next generation chips. at the same time samsung says it expects $1 million or more in revenue to come from its next batch of chips and hopes to create better profit share than market share. >>> and gucci sales declined for the first time. they issued a profit warning due to planned investments and its fashion houses to reinvigorate the core brand. >>> coming up on "worldwide exchange," the key question our next guest plans to ask jay powell following the central bank's latest policy decision. >>> and as nbc celebrates wo women's heritage month we're sharing stories with cnbc change makers and 50 women who have changed business. as we head to break, here's michelle zatlyn. >> a change maker forges a path. there's a difference between something that is impo

it's not the break through that tim cook teasing, so the question is what else can gemini do for applefor them to leverage the language model, and like so many folks were saying here on the panel, it speaks to apple's inability so far, if this is true, at least, to come out with their own ai model and that should cause concern as well, because five or sex ix ye ago, they hired somebody to run that operation, and this is his baby, and right now it seems to be more leveraged on the google side and a rival more than it is building in house. >> if there's a partnership, do you think it will be an apple branded search engine or gemini? >> that's the biggest question. apple has siri on the phone and a lot of ai stuff going on under the hood but if they need to inject google technology in there, what does that do? does that mean it's no longer an apple product? i will note the best analogy we have now is the search deal, when you open up the safari browser on your iphone, and the search bar is a google experience, and it's not an apple experience, and that's what google is paying for, and lik

businesses out, but we saw tim cook on the panel there when eunice was talking and in china opening up new apple store. how do you explain that? one of the big industries in china they were trying to protect was the mobile phone business, huawei in particular, but welcoming in tim cook and opening a new store. it seems like a bibipolar view. >> the fact that local companies have a tremendous amount of state subsidy and other support from beijing, but apple is important to china because it has factories in china and china, of course, is very important to apple given that supply chain integration we're talking about. that makes sense i think it goes back to the same concept that i described here. where china has an advantage, in terms of jobs or access to technology, and retaining the critical position in the supply chain, it wants apple there. they want more american pharmaceutical investment in china rather than less big security risk for america, of course. >> report out that china's foreign direct investment fell 20% last year. i'll show you a number mexico, on the other hand, $36 bi

tim cook and apple in shanghai, we don't know when the meeting will take place but it occurs as he is trying to get more people to pay attention to it to market to make it more difficult for people to sell stock and easier to buy stock but this comes on the heels of the latest apple news were tim cook might have more immediate concerns having to do with what's happening in the united states where the attorney general, a dozen attorney general going after him for being a bully when it comes to how it runs its apps story and they want to crackdown on that and it could be very pricey for apple. more after this. lking about cashbackin. we're talking about cashbackin. we're not talking about practice? no. we're talking about cashbackin. we're talking about cashbackin. we're talking about cashbackin. not a game! we've been talking about practice for too long. -word. -no practice. we're talking about cashbackin. we're talking about cashbackin. i mean, we're not talking about a game! cashback like a pro with chase freedom unlimited. how do you cashback? chase. make more of what's yours. every

you mentioned tim cook. the heads of amd, pfizer, starbucks.ns this year than last year when the u.s. and china tensions were really, really high after an alleged spy balloon had disrupted the relationship even more than before. one thing that has been interesting, there has been discussion now that president xi jinping may be meeting with some of the ceos on wednesday. like many of the delegates had said, there is an expectation because companies have been approached by the government. still though, people are kind of concerned and confused by all the messaging. on the one hand, people are saying this is encouraging. that the president will be interested in talking to them. on the other hand, people are saying, it is not a necessary good sign. usually, this forum would have the premier meeting ceos. if the president is meeting them, it could mean that increasingly, all of this decision-making is under xi jinping. >> all right, eunice yoon. we appreciate it. intel down. it would likely be more impacted from the move by china to bandage chips. i

tim cook is not in washington.e's in shanghai trying to do something about a market that is lagging somewhat. >> did you see the pictures of him entering the store and people cheering? >> thunderous applause. >> to me this is interesting. how do you try to make a pitch in a country that's actively trying to move away from your product because of where you come from? that's a very interesting moment and it makes me wonder, do they see a business proposition other people don't continuing in china? or is this trying to kowtow to the powers that be? >> it's a massive market for them. just an absolutely massive market. we get earnings from apple in early may. we turn our attention to the economic data. jobless claims. the estimate is 213,000. the previous number is 209,000. as we often say, if you drew a chart back 50 years, jobless claims around 200,000 is exceptionally low. it's very low. >> that's why jay powell had to look to the >> rate yesterday in the jolts -- the quits rate in the jolts to to yesterday to find w

meantime, tim cook is busy in shanghai, where he has been opening up the company's second largest orrld. that is a crucial market for the company and in the first six weeks of this year, they have seen a 24% drop in iphone sales. it is a challenging time for this company and i have a lot of fires to put out right now. i want to switch tax lightly because donald trump could be in line for a $3 billion payout if his company, truth social, actually merges. what is going on without? , , ., ., without? this is the social media com an without? this is the social media company that — without? this is the social media company that he _ without? this is the social media company that he owns, - without? this is the social media company that he owns, and - without? this is the social media company that he owns, and i - without? this is the social media i company that he owns, and i had without? this is the social media - company that he owns, and i had been lots of talk about whether it would make its way to the stock market. now we know that it is. it could go public as early as next week. the

of apple, tim cook, to talk about the historic investments of the chips and sciences act to make chipsenix. tonight pat is building the field of dreams. and i announce a partnership in one of the largest investments of semi conductors in the united states ever. the new landmark agreement between my administration intel and up to $8.5 billion. it's a smart investment. that is paired■m with over $100 million including $30 billion in arizona and $30 billion in ohio. among the largest private investment. we w■él modernize and expand existing ones in arizona, ohio, new mexico and oregon and coin20,000 construction jobs, my of which will be union jobs. hat clear. everybody has a right to organize and have their laborri. look, it's also to support 10,000 manufacturing jobs. 3,000 right here in phoenix wit0 a year and don't always require college degrees. that's a change. and the facilities won't just manufacture regular semi conductors but will make theignd chips. each chip -- it blows my mind. has trillions of tiny features, width of a strand of human d.n.a., 40 times thinner than aa human h

when tim cook says break new ground in ai that says we're going to see something we haven't seen before. i don't know what that is. >> start with making siri better. >> that seems like a low hanging fruit. we have those reports about potential partnerships in ai with google's gemini, with china. and to what extent are they going to be using those ai products in their own whatever idea they have. >> you went through a real litany of concerns that have afflicted apple in the last ten weeks. anti-trust. anti-trust in europe. violations of the digital security act in europe. ai. the car project. of all china -- of all of those things that you mentioned which ones are potentially the most damaging to apple over the long run? >> it's if they can't deliver a bang up announcement on artificial intelligence these concerns will all be validated that apple is behind. that apple can't come up with an innovative product. that bearish narrative will be fulfill led. the bullish narrative is they'll knock our socks off with something great. >> that's where the pressure is. that a big deal there would c

. >> tim cook was really good during the trump administration getting what he wanted. donald trump took him to the the factory. >> he went to the trump tower. >> yes. he was close to melania. he played trump like a fiddle in a lot of ways. >> it took guts. >> he got his tariffs. >> every interview he gives with state media is wild. >> your point of how consumers love this and competitors do not. the story in the journal about meta and microsoft and x and spotifyand match group filed legal petitions joining epic games. >> all those companies benefit if apple rol loses. >> leave those companies alone. have they had success in the private sector? no. >> i don't think jonathan taylor has. >> of course not. they would not be there. >>> coming up, elon musk's neuralink startup is putting out an interview with the update on the first brain implant patient. that is next. >>> plus getting ready for reddit. we look at expectations for the social media company ipo which is priced at the high end up of the range. >>> later, house speaker mike johnson will be our guest. we will get

china you have tim cook in china trying to shore up this market that is incredibly important.at wedbush had this to say, the antitrust lawsuit will pick up a stepped up phase of the beltway going after apple. is this more of the tank when it comes to antitrust regulators looking at apple. jonathan: i do not want to reduce it to one thing but the messaging thing i do not understand. it does not make sense to me. annmarie: you will be ostracized from your group chat. they are talking about social stigma. the issue i take with this, most people on group chats around whatsapp, you do not need to be on an iphone only i message group chat. i'm only on one. jonathan: you are not locked in. you can use other options. you mentioned the social stigma. is that something the doj needs to be focused on? lisa: whether it shows up green or blue on your phone. jonathan: are we going to's tell gucci they cannot put the label on anymore? that is ridiculous. if this is where we begin, where does it end? lisa: how much of a grasping at straws to try to democratize something that grew up out of a

there's one minor difference between hoffa and the teamsters and tim cook at apple. hoffa was guilty cook and apple are innocent, that doesn't seem to matter, though nor does it matter that everybody who has an iphone loves it how can you say apple has hurt creators of products given that it's almost impossible for a company to get noticed with its own website. so you fight to get into the app store, if you're trying to sell something, you can either sell 100% of nothing or 70% of something after apple takes its cut, and it doesn't -- well, it doesn't always take that much, frankly. i was one of those product people, i started at street.com, we could never get enough s subs subscribers. we went onto the app store and crushed it 100% of nothing is not as good as 70% of something. it's a bar ggain not with a dev but with an angel. maybe the lawyers have never started business we have to level with each other about this administration. justice and the ftc simply seem to have it in for the mega caps even as amazon, google, and apple are among the most respected companies

>> well, you know, this is tim cook. last week he was in shanghai.which is an apple supplier which at the end of 2021 was accused of using uyghur force labor. what we have right now is a host of ceos, just a moral failure, going to beijing under these circumstances, also it's a failure of the biden administration to not use emergency powers to get american companies out of china. xi jinping at any time would love ceos to go to chinese soil because that's sort of like the imperial era of the foreigners paying tribute to the grand chinese leader. 3w-9but this is just hideous. maria: sentiment changed from a business standpoint with all the new national security laws that xi jinping has dropped and certainly the backdrop of communist china and everything they're willing to do to foreigners going in there and raiding the place but even goldman sachs says it's uninvestable to invest in china right now so what do you think they're thinking this time around, now that the sentiment had has changed so much? are with seeing the same kind of support? is it alwa

. >> tim cook is opening a big store in shanghai this week, it was state media interview but he said he's happy in china and happy to stay there. we know that's not entirely true. >> if huawei did not have -- embedded, but if it has it embedded too, this is not a competitive advantage for apple, it's catch-up. >> and that would also be what it looks like here because google's phones, has gemini built in. home grown pixel phones has gemini built in, as tim cook promised we're going to break new ground in artificial intelligence this year, using a rivals praukt breaking new ground? what will they do with it? >> june will be interesting. >> incredibly interesting, no pressure on apple. >> thank you for coming bay, steve kovach. what do you make of apple at this point in terms of valuation? >> apple has been lagging the other mag 7. of all of them it's not necessarily a bad play as it's, you know, been, i think, a lower valuation. but i think clearly they are trying to catch up on the a.i. trade. they're realizing how much they don't want to be left behind here. you're seeing different d

they cite the 2022 incident when apple ceo tim cook was asked why the questioner couldn't send certain videos to his mom. mr. cook's response? buy your mom and iphone. the two there are things we can do that are anti-competitive because you have to use certain apple products with an iphone. it will encourage people to buy only apple products and not other products. >> our partners at cnbc breaking down had that alleged strategy translates to the app store. >> they control the app store and it isn't able to throttle the growth of apps that might compete against apple itself but also charge higher prices. >> apple says the company innovates every day to make technology people love and that this lawsuit threatens its ability to do that. while setting a quote dangerous precedent empowering government to take a heavy hand in designing people technology. a major lawsuit that could impact the cell phone and wallet in your pocket. this lawsuit is part of the biden administration's broader crackdown on what it considers monopolies in big tech and includes cases against google, facebook's parent

tim cook was asked why the questioner couldn't send certain videos to his mom. mr. cook's response? buy your mom an iphone. >> there are some things that we can see with our own eyes that apple is doing that are anti-competitive. because you have to use certain apple products with an iphone, it will encourage people to buy only apple products and not other products. >> reporter: our partners at cnbc breaking down how that alleged strategy translates to the app store. >> because apple controls that app store, it has been able to throttle the growth of apps that might compete against apple itself and also charge higher prices. >> reporter: for its rtpart, ape says the company noechtinnovatey day and the lawsuit threatens their ability to do that, empowering government to take a heavy hand in designing people's technology. a major lawsuit that could impact the cell phone and wallet in your pocket. in washington, nbc news. >>> the house is expected to vote this morning on a pending bill that would avert a government shutdown u the $1.2 trillion deal provides funding for multiple agencie

the meantime bay area tech giant apple agreed to pay $490 million to settle a lawsuit accusing ceo tim cook of misleading investors about iphone sales in china. that suit claims cook signaled sales on the new iphone were off to a good start during an investor conference call in november 2018, but it was a huge letdown in january of 2019, but cook issued a warning apple's revenue would fall $9 billion below management's forecast for that period. the lawsuit also says the sales drop was traced to a weak demand in china. apple denies cook deceived investors. >>> the special prosecutor leaving the case against donald trump in georgia has stepped down. nathan wade's decision comes just after a ruling that the fulton county judge overseeing the criminal case, judge scott mcafee, told district attorney fani willis she either needs to step aside from the case or wade does. the decision comes after a romantic relationship between willis and wade was revealed and prosecutors allege willis financially benefited from it. the case centers around trump's alleged efforts to overthrow the results of the 20

it's an artificial intelligence tool like chat but coming as apple ceo tim cook told investors at the company is heavily investing in ai. new features could roll out in the next big up date already this fall. it would build on the relationship between the two tech giants and google has paid apple billions to make its search engine the default on iphones. >>> time to turn to the forecast with our chief meteorologist. i feel overdressed. it is so warm outside and tomorrow it's officially spring. >> it's kind of that early spring preview. just gorgeous outside not only today but really over this past weekend. we will show you the blue skies in case you were stuck in the office all day long here's a look in livermore. just incredible. look at this. 73 degrees right now and we will drop into some 60s later on tonight. looks like a bird out there on the camera. let's take it into a little bit of a look at this weekend and why the sunshine was so nice to soak up. in santa rosa this was only the second weekend that we've had in 2024 with sunshine on both saturday and sunday. last time was feb

blackstone's steve schwarzman was a participant and tim cook was there.lbert boiler was there and the heads of fedex and show but were there meeting with chinese officials. usually they meet with the premier and this time, li qiang was sidelined just like we saw at the national people's congress. it was xi jinping who came in today and met face-to-face with executives. tom: you are on the ground and you been speaking to leaders, are they convinced china or is making this effort? how much conviction is there that china is a place to do business? stephen: the fact that they made the effort indicates interest. companies we've spoken to, fortescue metals and pascal of astrazeneca, they've been investing due to the pandemic and years before. investing into seven different biopharmaceutical companies, in for the long haul. they are coming to reestablish ties that might've paused during the pandemic and reassess policy because there has been opacity and they want clarification. they're saying they will tighten their belts fiscally but only others investing heavi

so when we think about what's underneath those numbers who people are blaming, that answer from tim cook. i can tell you that's not playing going to play well with people who say, well, maybe i can afford to buy an iphone for $1,100 by the way, guys, not to shape, yeah. right. yeah. i mean, does anyone at this table have something other than an iphone? >> no because we've been shamed, the debiting. >> that's why we i like make better products and compete like they make really good products. that's why we all have them. >> yeah. and yeah, it is a walled garden, but i kinda like the garden. it's a pleasant garden. forget syndrome very i mean, i want you to stay in a secret. >> good. yes, when i was growing up, they fell out of favor microsoft. and now here we are. if i bought him, if i had bought one share of apple stock for every apple product i have bought in my life, i would not be sitting here because i would be living on an island somewhere. all right. >> thank you, guys. it's great >> i will leave you all with this. >> this is fun. french president emmanuel macron, getting a mixed re

tim cook said iphones, quote, had become more than a constant companion.ruly an essential part of our daily life, end quote. that dependence was no accident. apple made the iphone a part of our daily life by limiting the features and functionality that developers could offer iphone■9 customers and by selectively controlling access between apps and the iphone operating system. as we know in the complaint, apple products its business model by restricting technologies that would make it easier for iphone customers to switch to another smart phone. core of apple's unlawful conduct and the end result is that you pay more money for an inferior product. as new jersey's attorney general, it is my responsibility to protect the rights of consumers in my state and ensure that businesses treat them fairly no mattew or powerful they are. and that's what my fellow attorneys general do every day on behalf of their residents. monopolies are the antithesis of our free market economy. they drive up costs and limit options for consumers across our states and across this coun

not clear yet what will be debuted, but at the annual shareholder meeting in february, apple ceo tim cooknaled the company has been making big investments in generative ai, while gathering in richmond today, honored women who went into the workforce during world war two, building ships and planes for the u.s. military and one of the original rosie the riveters attended the event there. at the home front national historic park, named after the women who built ships there. during the war, 6 million women joined the labor force. at that time, thousands were employed at the richmond shipyards, coming from all over the country. on april 10th, congress will award the congressional gold medal to rosie the riveter in honor of every woman who supported the u.s. war effort. still ahead tonight here on the news at 730, a san francisco tradition returns this summer when you can hear free summer norman, bad news... i never graduated from med school. what? but the good news is... xfinity mobile just got even better! now, you can automatically connect to wifi speeds up to a gig on the go. plus, buy one

. >> reporter: garland specifically calling out apple ceo tim cook, referencing this exchange cook had back in 2022 when he was asked if the company would fix the problems associated with texting video between iphones and androids. >> not to make it personal, but i can't send my mom certain videos and she can't send me certain videos. >> buy your mom an iphone. >> reporter: apple today calling the lawsuit wrong on the facts and the law, saying it threatens who we are and the principles that set apple products apart in fiercely competitive markets. if successful, it would hinder our ability to create the kind of technology people expect from apple. the lawsuit the culmination of years of regulatory scrutiny of apple's wildly popular products, fueling its growth into one of the most valuable companies in the world. >> people love buying their iphones. people enjoy their iphones. it is the most popular smartphone brand here in the united states. >> so laura, what does the doj want apple to do to remedy this? >> lester, the government wants apple to make its products more compatible with o

it's a bit like tim cook coming out and being like, "who are these people wearing the vision pro?ke idiots!" okay, so basically everyone agreed, january 6th... bad. and justice needed to play out. and the good news is, justice did play out. the fake electors were charged. trump's lawyers are being disbarred. hundreds of rioters were arrested and put in jail, and it's still continuing today. just in the past couple weeks, a man was charged for firing a gun during the riots, and a geophysicist who stormed the capitol was sentenced to five years in prison. so if you ever thought you weren't smarter than a geophysicist... [cheers and applause] good news! good news! and you know what, if you don't mind, i might indulge. to that geophysicist: good luck using the siwalik fluvial sequence to analyze remanent magnetization now, ya locked up bitch! [cheers and applause] been pent up for a long time. as the wheels of justice turned and life moved on, most people moved on to other things, which makes sense. other shit happened. we had the rest of the pandemic, there was inflation, two famous

. >> in the lawsuit, prosecutors referenced this exchange from two years ago between apple ceo tim cook and a consumer who was questioning cook on whether apple would fix iphone to android messaging to make it more seamless. >> now, to make it personal. but i can't see my mom certain videos or she can't see me certain videos. and so we leave. >> buy your mom an iphone, apple says if the government's lawsuit is successful, it would hinder our ability to create the kind of technology people expect from apple. >> the case is similar to the government's case against microsoft in the late 1990s, when a lawsuit targeted microsoft for tying its internet browser to its own operating system. >> both cases focus very heavily on the capacity of the dominant firm to deflect challenges that would bring alternative products and services to the market. they have somewhat different theories, though, about the method of exclusion. >> the government eventually won against microsoft, forcing the company to give customers access to web browsers other than internet explorer, but experts say there's one big

tim cook has always said, look, we are a tech company first with a consumer that loves us and is very. you don't get that satisfaction, which is almost 100% satisfaction, by offering an inferior product, but again, i keep going back to that best buy conference call where they just shocked me and said, look, the samsung phone is the hottest phone, and the samsung phone has a lot of a.i. >> yeah. i know you mentioned it any number of times. >> oh, did i bore you with it? what the hell? i was the only person on the call. >> i don't have one. >> i was on the disk call. you want to talk about that? that great move at under armour to take the hotelier and bring back a shoe guy? i mean, i can talk about a lot of companies. what would you like to talk about? >> i don't know. you want to talk a little disney so we can do a point-counterpoint on that too? >> well, sure. i mean, jim stewart with a very big piece in "the new york times" that i think concludes, if you get to the end, that maybe nelson would be valuable. david, kind of a not that positive article in the "wall street journal" about

the shareholder lawsuit alleged ceo tim cook misled investors about a steep downturn in iphone salesificant drop in sales in early january 2019 that led to a 10% stock plunge, with shareholders losing more than $70 billion. >> a new report showsúamerican more confident about inflation subsiding in the coming months. conductsúa survey every month of consumer sentiment and ranks it on a 100 point scale. the sentiment dropped slightly from february to march to a score of 76.5, though that is still sphigher than the last year. min researchers say consumers appear to be in a holding pattern when it comes to whether the economy is improving, and whether it's better to wait to make major personal financial decisions. >> chief u.s. economist with global bank bnp paribas says american voters view the economy willúplay a significant role in the upcoming november election record. he says low consumer confidence is likely driven by ongoing inflationary pressures, as well as prices and even student loan repayments. >> resuming very healthy jobs market. but higher interest rates actually taking a