thank you so much for giving us the lowdown. >> things for having me. -- thanks for having me. >> samsung versus apple. each unveiling their latest smartphone less than a week apart. the stakes are high. what should we expect for apple's upcoming iphone release? find out, next. ♪ >> welcome back to "bloomberg west." i'm emily chang. the google backed life science company which is turned to find ways to prevent aging is teaming up with a drugmaker. the two companies will invest about $1.5 billion to find a treatment for age-related diseases. it will also build a new research facility here in the bay area. in-depth look an at the ongoing battle between samsung and apple. for every three years, the two companies have clashed on a scale almost unprecedented in business history. engaging in a series of lawsuits that have cost more than $1 billion. samsung just unveiled its latest galaxy note edge and other devices at an event in new york. next wednesday, apple is set to unveil a new iphone and details of the long-awaited smart watch. who will ultimately come out on top? engadgetr-in-chief of a

thank you so much for giving us the lowdown, what they are going to be doing out there in washington. >> battle of for the ages, samsung and apple, launching their smartphones. after samsung unveiled it yesterday, what should we expect from apple? find out, next. ♪ >> welcome back to "bloomberg west." the google life backed life science company is teaming up with a job maker. abbvie.maker together, the two companies will invest $1.5 billion to find treatments for age-related diseases and will build in the bay area. we are taking a look at the battle between apple and samsung. the two companies have clashed on a scale almost unprecedented in business history and engaged in lawsuits that has cost more than $1 billion. the battle is being fought outside the courtroom as well. samsung showed its appliances at an event in new york. next tuesday apple will unveil iphones and details on long-awaited smart watch. so, who will come out on top in the great smartphone war? editor in chief and they both gave us wish lists for features they would like to see on the next iphone and your lists are c

use gorilla glass. the question today is will apple continue to use it or will they switch to sapphire glass? here to give us the lowdown really probably won't tell us anything about it, corning ceo wendell weeks. gordon gund was on the board of corning for 23 years. and wendell, we used to talk all the time on "squawk box." and i was going to say congratulations on assuming the ceo position from coo, but that was ten years ago which is frightening to me. so i understand there are certain things about sapphire that might be better, but guerrilla put -- there would not be a $98 apple stock and an iphone without grilorilla glass. at least it helped apple all along. would they be that disloyal to just totally get rid of grilori or would it be a combination? >> you're right we originally invented it for steve jobs and apple. so it's a great story that he tells in his biography. one of the reasons all the customers you named who are fierce competitors work with us, first we're the best in the world at what we do. so if you're going to innovate, you want to work with a leader. and second, we keep their secrets. never do custo

the economic data front. wrapping up with retail sales numbers that are out in an hour from now. joining us now to give us the lowdownnomic related is our senior economics reporter steve leisman. good morning. >> thanks. three pieces of data to watch earlier this week. the other two, they came in reasonably strong showing services strength could be as high guys in the second quarter as 4.7%. and there's a debate about whether to suggest better growth and services for this quarter, the third quarter which is running around 3%. but the jobs report from kansas city remains at a low level relative to normal. but with momentum. today we look to see if there's a rebound from the weak july level we have. economists looking for a 0.6 rise. the best since april if we get there. here's what we know. consumers bought lots of cars in august. but the question is whether that stretches budgets so thin they have to cut back elsewhere. we've seen this back and forth with buying cars and not buying other stuff. today's data also put in context of what happened since august which is lower gas prices could give a boost to spending. and

the lowdown. >>> shoppers at home depot might be at risk. what the home improvement chain just revealed that could affect millions of folks who use credit andit cards at its stores. we're live with more on that. >>> pizza prices could be on the rise. why a slice could soon cost you more next. óqoqúúÑ@ jon: still to come in this of "happening now." shocking revelations who added the line absolving the phoenix va of any wrongdoing in the inspector general's report. >>> a virus targeting kids is spreading with the cdc trying to answer a crucial question when the illness begins like a cold before turning into something more dangerous. >>> plus you might have to shell out a lot more dough for your next pizza. why the prices for slices could be on the rise. >>> well, take a long look at your iphone. it could be outdated in a couple of hours. apple fans lining up as the world waits for the next big thing. apple expected to unveil the iphone 6 with a bigger screen. maybe even an iwatch. it is back to the future for apple today. take a look at an auditorium in cupertino, california. this is where steve jobs unveiled the very first macintosh comput