is it start-ups versus apple, amazon, google, and facebook? malcolm: what is fascinating about silicon valley is how quickly companies transition from being underdogs to goliaths. we are used to the trajectory of -- microsoft starts and it takes them 15 years to go from the upstart to the monolith. today, i feel like it was a matter of a couple of years -- facebook went from nowhere to being a dominant player. this kind of trajectory where people go from being at a perceived disadvantage to being suddenly saddled with all of the attributes of the goliath. now it has been sped up. emily: the amazon-hachette war, you are published by hachette, you and your books got caught in the middle. how do you feel about this? malcolm: it cost me a lot of money. that's for sure. it breaks my heart a little. i had thought of amazon as in partnership with writers. and for a company to try to make a business point by turning its back on -- i have sold, through amazon, millions of books. i have contributed mightily to their bottom line. i would've thought they

it is apple versus a123 systems. they sued apple, claiming they illegally poached information. the case has been moved to a federal court in boston this week. how serious are the allegations? tim has all the details from the newsroom. this is really interesting area first, how serious are these allegations? just the notion these guys cannot take services, like lebron james, they move their talents to cupertino. >> access one of the beauties of silicon valley, the lack of a noncompete clause. this is something you see quite a bit in the automotive industry. it's not that unusual. what is interesting is the window into what apple is doing and it is the first concrete example they are trying to move into the auto space. cory: you broke the story -- they've got over a hundred people working on this project in cupertino. it's sort of shocking they have all these resources going after this. but i guess a123 knew. what's so important about the battery technology? >> the way to manage that power is the key to the electric car race in the future. gm has been working on it and the creati

it is google versus apple versus samsung. the one rival is taking the concept beyond.to chef and one lifetime. the u.s. state department nonessential e-mail system was breached. rich edson is with me now from d.c. the former chief information officer under president bush. joining us from charlotte

right now, it's apple versus a one to three systems, the company suing apple saying they poached some of their top engineers as apple is working on building an electric car. a one to three accuses employees of violating nondisclosure agreements bayside. the case was filed in the massachusetts state court, but has been moved to a federal court in boston this week. how serious are these allegations? this is interesting. just the notion these guys cannot take services, like lebron james they move their talents to cupertino. access one of the beauties of silicon valley the lack of a noncompete clause. this is something you see quite a bit in the automotive industry. it's not that unusual. what is interesting is the window into what apple is doing and it is the first concrete example they are trying to move into the auto space. cory: you broke the story -- they've got over a hundred people working on this project in cupertino. but i guess a one to three -- a123 new. what's so important about the battery technology? >> the way to manage that power is the key to the electric car race in the

at 5:00, apple versus amazon, "7 on your side" partners with "consumer reports" to check out new competitionree puppies left for dead in a trash bag are doing well and could soon be part of your family. >> may remember these cuties tosses in the trash at the park last month and found by a couple of good samaritans who saved them. they are now at the contra costa animal services shelter getting fed, trained and receiving a lot of love. the workers say they are too young to be adopted but they could be ready for adoption to a loving home in two or three weeks. we will keep you posted. >> they are making an adorable case for themselves in the video. >> we will keep you posted and they will keep being cute. >> that does it for now thanks for joining us. >> with wants to be a millionaire. we will leave you with a look and this is what you have going for you today. >> checking out mt. diablo, a lovely day but a "spare the nothing can prepare you for having a doctor tell you that you have cancer. that was very hard. so even though i was in full remission, i still had to get frequent checkups that a

i want to show a chart comparing tesla shares versus apple shares in the last four years.is last night during the conference call, one of the questions raised was how do you value tesla five years, ten years down the road. and elon musk said i can see us getting to apple's current valuation which is $700 billion. here's what he had to say. listen closely to his justification. >> if you take this year's revenue around $6 billion or thereabouts and if we're able to maintain the growth rate for ten years, add to the profitability number and have a 20 pe our market cap would be basically the same as apple's is today. >> now, he's not saying it's going to be what happenapple's is today, but he's saying it could be. but there are a lot of things that have to go right in order for any of that to happen. a 20 pe a 30% growth rate for ten years. i mean that's tough to do in any industry let alone the auto industry. and a 10% profitability number over the next ten years. that gives a taste of what was discussed last night. it will be at the heart of this debate amongst investors. is

. >> later, apple versus amazon "7 on your side" checked out the new competitors theory. >> traffic is bay bridge toll plaza and other traffic problems around the bay area. stay tuned. hey! i found my true love livin' in a sweet dream. singin' my favorite song and it all starts with you. whoa-oh-oh-oh, all this goodness... what matters most should always come first. which is why whole grain is the first ingredient in every general mills big g cereal. and why we never use high fructose corn syrup. general mills. look for the big g. it means goodness first. >>> live from the kgo-tv broadcast center this is abc7 news. >> victim identified? we could know the person whose body parts were found stuffed inside a suitcase and left on a san francisco street. >> a little girl's trip to the toy store aisle goes terribly wrong and police are searching for a predator. >> the morning commute in the south bay, and this is 101 we zipping right along and leyla gulen will have more information. we know the bay area has the worst congestion in the nation. >> we do. they say there is a brit spot but i loo

it will no doubt be one of the more historic silicon valley cases as carefully watched as apple versus samsung and the cases against google, intel and other companies trying to quash silicon valley salaries. the other thing we're watching, kapersky detected malware in hard drives and other computer components manufactured by a variety of companies placed there by a third party. the kind of malware that can supply on a computer right in the software dna below the operating system. kapersky, a russian firm, says it's one of the most sophisticated software malware it's seen and doesn't point fingers as a policy. it says it's similar to stuxnet used to destroy iran's nuclear centrifuges. nobody is claiming responsibility for that, but i think you can do the math to figure out who it may have been. >> some world superpower possibly. >> with three letters. >> thank you very much, scott. 6:57. >>> a final check of the day's top stories. the justice department will appeal a federal judge's ruling blocking president obama's executive order on immigration. the ruling means the first part of the

>> well, actually i was looking at the market cap of company like apple versus walmart or bank of americaok at it at google though. i think google is the stock to watch. in that space google is coming up with amazing new technologies. they're getting into all kinds of things. i think google could be the other anti-apple if you can't afford apple. liz: todd, is their halo effect pro apple? companies help apple do what it does? maybe you buy those not apple. >> go with service companies it may be cheaper way to ride the apple wave. apple is like when they issue bonds like microsoft, they're a better investment than uncle sam. apple and microsoft those will continue thrive and people will buy them. liz: michael, you like stocks with dividends. what do you like now? >> i like corning they make gorilla glass. liz: sure. >> the kids like to see if the phones bounce and play basketball with these phones. i like gorilla glass. >> liz loves gorilla glass. my favorite video from liz claman is boom, hitting gorilla glass. liz: one of their biggest competitors sapphire is out of business. that is the

three points added to the nasdaq year to date versus that 106 from apple.i mean when you look at what happens from here, you to think it's not the tail necessarily wagging the dog, though the biotechs are going to be important, but the direction of an apple and an amazon can mean a lot to where we go from here. >> true on a price basis and earnings basis for sure when you look at the s&p taking out apple changes things dramatically. whether it's the market expensive or some of the companies that aren't public yet, once again, evan spiegel looks smart for turning down the supposedly $3 billion deal from mark zuckerberg. snapchat wants to raise $500 million in new financing valuing the company at about $19 billion. that would put it nearly on par with whatsapp which facebook bought for $22 billion last year. somebody i forget who this morning said, zuckerberg is smart and he tries to get the bargain early on. doesn't always succeed. >> worked with instagram, maybe necessarily didn't work with whatsapp. that's what set the bubble m&a conversation in motion. bu

apple's proposition will be the electric. i think it will be more competitive to tesla versus google. >> speaking of which, we all know elon muskas been crying foul because he claims apple has stealing some of his engineers to work on this apple car. >> aaron, we talked about how apple is transforming itself from a gadget maker to a platform company. it seems to me a car would be a perfect platform to have other technologies -- apple technologies spring from that. >> i think that's exactly right. if you look at the analysis now, software makes up a small portion of the value of a car but everyone expects that's going to grow and that cars will become more automated, more connected to the internet and much more high tech products than they are today. so this is exactly in apple's sweet spot some place they need to go like google sees like tesla sees. even the big carmakers are coming to silicon valley. ford opened a center in silicon valley. a lot of people see this as a technology platform of the future. >> aaron, evan, good to see you both. thank you. an intriguing story. i'm sure we'll be dealing with it more in the future. >

it's like apple pay versus pay out. thank you looking to get in on the digital wallet.rking with each other and against each other google has in the game. they also put money on mover in case it doesn't work out. >> is hard to get rid of them. >> we will have to see. >> i'm not sure that is the best insider knowledge. >> thank you so much, caroline hyde. >> you can read more about this story. it's on the new bloomberg website. you can just go to bloomberg.com . >> will amazon bet on bricks and mortar stores? stay with us. we'll have more on that coming up. ♪ >> welcome back here and you're watching the pulse on the berg td. we are pushing into the suv segment. i can't decide how you pronounce it. the french carmaker europe's third largest has a new model to counteract dropping sales in russia. we went to the event to see what was going on. >> i am the head of design. this is the new car. the design of the car is very eclectic and sporty. it is extremely sensual. this is new in this segment. it comes in nine colors. this combination of beauty and practicality is the key

versus enterprise. microsoft was mainly selling to businesses. now apple is obviously a very consumer-focused company and y spending more money on our gadgets. >> reporter: while the s&p 500 and the dow industrials continue to set new records, the nasdaq composite has yet to take out that milestone. with big tech stocks like microsoft, cisco and intel well off their internet bubble highs. is the nasdaq returned to 5,000 a reason for tech investors to take pause? >> given the broad based leadership we see throughout the market i think a breakout above 5,000 would only lead to stronger gains for tech stocks. >> reporter: from a fundamental perspective, i don't see it being a top at any reason now. the number to watch on the na 5,048. that was the closing high on march 10 2000. the high that day was 5138. from the nasdaq market site bertha coombs "nightly business report." >> will it be old tech or new tech that gets the nasdaq to the next level? let's ask brian blair, managing director with rosenblat security. it was an interes day today. cisco had a nice da

take a look at shares of apple versus tesla over five years.t companies and business plans. but those comments have a lot of people talking today, especially on twitter, carl where people are saying is this guy nuts? he did it. you heard it right there. >> yes. he did. as cramer noted at the top of the show. thank you, phil. >>> whole foods beating estimates by about a penny, posted record quarterly sales. co-ceo attributed to consumer confidence. let's bring in chuck grom to talk about what went right there. hey, chuck. >> hey good morning. >> i thought it was interesting, talking about chipotle sort of in the same business bragging about why price hikes -- i'm sorry, yeah price hikes are working. in this case price cuts working. >> yeah. i think that's been an initiative that whole foods outlined over the past year and reminiscent of costco in the past and i think what they're trying to do is regain the customer back after increased competition and price cuts really probably only in the first and second inning of that initiative for whole foo

my time warner clicker versus my apple tv clicker, i mean the elegance and beautifully simplistic, it'srst trillion dollar company. the way we calculate that how many share doss they have the stuff can you buy and sell on the new york stock exchange. how many shares? and the nasdaq. multiply that by the stock price. >> i never knew how they came to that. >> i let you do -- they can pay dividends, buy other companies. stock they should buy, like a twitter or something. who knows? >> shown an inclaination to do that mika you should know i've spoken to johnny ivy apple's designer of everything and he's going to design for me and for you an apple convertible car. okay? that's coming up. >> i need that. >> that would be great. >> i'd go anywhere with you in that. >> nothing is going against my '66 mustang convertible. >> nice. mika! a whole new thing happens with you. wow. i like that. >> don't you like it? haven't you seen it in the pictures? >> what color? >> yellow. very pale yellow. beautiful. it's gorg. >> look at that. >> still ahead -- joe's picture on the hood. >> oh god. >>> and "ti

apple is worth a whopping $700 billion. the shares are up 65% over the course of the last 52 weeks. versus&p 500 which is up a respectable 17%. jon, still another milestone here for apple shares. back over to you. >> yes, indeed. speaking of apple we have google, we have bing, is apple getting into the search game. the tech giant could be according to apple blog nine to five. the site says it spotted a job posting on apple's site which i looked up looking to hire an engineering project manager for something called apple search. in my opinion, this is probably not a search engine. the listing says the company is looking for someone to oversee back-end operations for a search platform, supporting hundreds of millions of users but they have lots of things to coordinate. search in siri, search in itunes, ios and have to deal with partners. this person could be a point person for all that. but now let's get back to disney. earnings at the media giant beating expectations thanks to an increase in theme park visitors and a jump in the sale of toys based on the hit "frozen." the stock also in the

versus long look. there can be new experiences built on the watch we have not seen yet. it is up to the developers to drive demand for the watch. >> we have reported applein mexico meeting with the mexican government talking about what the watch might mean for help. are there things that will lead government approval around the world? >> potentially, depends on what they are. one of the big areas of focus is around health. ultimately some of those are more infrastructure related and more health-care related and more government and policy related. there are some avenues where the watch meaning more government interaction. if that is the case it opens up a huge opportunity for the watch that will be used as a standard issued part of health care system. >> when you calculate your watch number what is the number and how do you come up with that number? >> right now a lot of guesswork. we have gone back and done surveys over the past year. we have surveyed 10,000 people and ask their interest level and surveys that -- compare that to pass surveys and been able to build demand numbers that suggest between 15 million -- 10-15,000,000. now we are getting number

apple at 775 is still in terms of most metric not frothy, right? >> again, stuck with this price-to-earnings multiple way to value stocks done that versus what happenedify that given the capital redeployment where they're able to return a lot from shareholders from buybacks and dividends and they have two huge new product, the wristwatch and apple pay, jpmorgan highlighting that this morning i'm see a lot to like versus tesla where it's awful cold outside. see how those batteries do. i've been attaching tesla motors website for people who own the cars and there's grousing. at the same time i recognize that it's a cold situation and people who come out against tesla are really coming out against thomas al va edison and tesla. you have to be careful if you come out against this thing. >> see you later. diane diane swank. i want those two to get together. >> why not? it's like. >> diane swank -- >> a fellow negative on retail. i'm looking at home depail cracker barrel nordstrom, dillard, other than walmart i don't have a lot i'm worried about. walmart would have gone higher if it weren't for the fact they're paying more people. retail and restaurants un

apple pay solution. jonathan: i want to talk about m&a with you and software versus hardware in your business area -- yours. you spent $1 billion in july 2014 on an online payment services provider. can we expect ingenico to push further into software and away from hardware? philippe: our strategy is based on the fact that we want to cover all the channels. they have shops stores, and they have an e-commerce site and we are working on being able to bring to those people electronic security in each channel. it is clear that we have a strong market position for hardware. we are deploying our solution in something like 140 different countries. we are almost everywhere. we are number two on the u.s. market. we've decided three or four years ago to move from that your hardware business to something more broad to a broader solution and broader supplier. we have made two acquisitions. the first was a belgium company. the next one is a dutch company with u.s. capitol. it is a big part of our strategy to keep investing in this area. jonathan: have you got your eye on anything right now? philippe: excuse me? jonath

permits this time versus 15 thousand last year the evaluations that transitions what happened with the revenue and on the expenditure side year to date the expenditures this box is comparing apples and oranges it feels we're 75 percent less than last year and twaubd u talked about that we had this project funding in our budget it gets moved if you go back to the front page we have $30 million no project we don't move that funding it is moved afterwards so once that is moved you'll see the number up our frontals is the $30 million if you take a look at we're doing better than we were last year we are almost $2 million more spending this year than last year and then i'll be happy to answer any questions. >> i do not see any. >> thank you deputy director. >> update on the legislation. >> good afternoon bill perspective affairs i'll hit on a couple of the highlight we've been talking about the authorization of unit of dwelling units without a permit remains we've issued 3 permits we still have a number of those under review many of the ones under review are actual in planning something like that 54 of '90 in planning planning has a number of requirement that an owner needs to deal w

apple. main one attractive valuation. a stock, up 15% versus 2% for the s&p. at 15 times earnings. not going to back away. >> 3/4 of a trillion. just a number. doesn't mean anything. >> talking about apple i pay. the co-ceo said the customer's demanding ipay. >> do these guys like it here. >> longstanding. >> like it there? >> don't trade it. >> here. >> not going to -- this is updating long thesis. people were trying to figure out why they're still in it. read it that's the kind of thing. now, airlines. >> tell me. >> we've been -- the airlines have been stalled you've got that combination today. >> how do i turn this off? >> well you -- clear it here. >> thank you. >> it's not clearing. this is great. >> no here clear. >> allison, how do i fix this? >> cleared it. >> what's really interesting, this is a merrill lynch rollout and they like southwest, delta is their favorite. they like spirit. they like american air. it is so well-timed, the stocks have been stalled. a lot of people felt charters, going with the head and shoulders nonsense. everybody has a way

versus ecosystem. brendan: i think that is right but also apple figures out you stay in luxury brand, you never moved down market to compete. tom: is it too early for a "surveillance" correction? i said tuesday. brendan: it is wednesday, the 11th. olivia: that is our collective disappointment. you can buy all of the companies in spain's ibex 35, the benchmark of a madrid, and still have $46 billion last. brendan: that is not fair. that is just mean. spain is having a hard time. tom: the real issue is developing cash flow. let's go to a data check right now. equities, bonds, currencies, commodities. it is strange. i cannot convey enough with the news flow out of europe the 10-year yield was 2%, we are there, euro we are there. nymex crude worth noting below $50. next screen, please, tania. the vix shows a good equity market. -0.21% cash under the mattress in germany. euro-yen showing a weaker weaker yen $135, and in greece, chaos ensuing as anybody travels to brussels. let's go to the bloomberg terminal. this is a snapshot of the one way back from the euro. the headline here, brendan greeley, is this is mo

we hear about the lawsuit, apple versus samsung. but you don't hear about are these billions of dollars that exchange hands a daily between individual inventors, small companies, trade associations and large companies with the deal they're constantly entering in to maximize their profits and to bring products and services to the market place. this is why james madison said in federalist number 43 that copyrights and patents are an instance for private clients coincides fully with the public good. and history has proven that again and again and again. >> and looking to the competitive, some companies some property owners may choose to share their intellectual property freely and some may choose to give it through some kind of license for money, and some may do it for ways where they can it's an agreement to share intellectual property across companies. and mighty is that as a government i shouldn't be picking favorites among those business models but that's something for the market to decide. the market will decide who is the winner

. >> how many people are going to go out and buy the album versus those who are on spotify or apple beatsget the musics? aren't people not really going buy the album? >> yeah. but i think recently billboard moved to consumption model where buying isn't nearly as important as consuming. and, you know, if you look at the chart it's sales plus streaming. i think you'll see consumption across the board rise. when consumption rises and the industry has sort of figured it out to the point where you did buy physical digital, subscribe to a streaming inging platform and they count. i think the billboard score card and the score card is smart enough to capture all the way people will consume. >> the v neck sweater. i thought -- do you have an earring or something hip? i thought you were on the edge of the hippest. how is it different how you advertise these albums and normal advertisement. what are the differences here. how are you successful? >> yeah. first of all, i'm sorry to disappoint. second of all, i tell my clients. i get into the music conversations. i'm out of my depth. the truth of the

versus s&p up 13%. it's been a tough stock for a while. >> yeah. >> when we come back, apple at another all-time high hitting major milestone. more on that in a moment. >>> not a lot working in the broader market. oil under pressure but apple once again continues to be the exception. stocks hitting another all-time high today. market cap above $700 billion, now 124.32. john legere of t-mobile tweeting moments ago are we really shocked that apple's market cap is above $700 billion. #keepgoing. of course from somebody who has a vested interest in making sure apple does well. that's sort of the general new. >> i think so. with apple, there tends to be this as steve jobs used to call it or people who worked for him used to call it hero kind of roller coaster where people think apple's great or it's not so great. and right now, it's on apple's great. they are doing absolutely fantastically. if you had asked certainly two years ago a lot of people would have doubted they would be here. >> fascinating to look at the 20-year start, up 7,000 percent. similar track amazon, priceline, just astounding 62% growth in the

apple watch and other wearables. >> these will be very tough, though. first of all, kevin's point, made the point about hardware versustware, that's very smart. going to the hardware tough, very tough, different on the software side. the app game is just fundamentally different than making cool clothing and to retain great people and have them keep this app being dominant over time that is a different business. it is tough. it's going to be tough i think for them to do both sides of this. >> how do you see them operating this, henry? do you see them five years down the line making a smart shirt, having it be an under armour community, rebranding it into their core business or do you see them just running a portfolio of these items? >> i don't think -- i think it's difficult to run a portfolio of items so totally different like that. i think the idea of being hardware agnostic is good, but now if they're going to jump in bed with a particular app as that app has to stay number one. as jon pointed out, people come up with apps all the time focused on just doing that. it's going to be difficult, not impossible, the compa

way to borrow money and pay for dividends and buy backs versus paying taxes by using it's 178 billion in cash. it's mostly outside of the u.s. apple is up more than 1%. back to you. >> this story nearly $180 billion in cash yet apple still tapping the debt market. it's amazing. >> incredible. >> taking advantage of low rates. >> i wonder when they'll start spending. >> well they already will on their share buy back program and dividend as well. let's stick with tech because samsung confirmed it will unveil the galaxy s6 smartphone in barcelona next month. the south korean giant kept the design of the smartphone secret however rumors are that it will be curved due to the company's invitation release this morning. curved screens. they received a mixed response to far. >> how do you put that in your pocket? >> i mean -- >> unless you have a curvy bum. >> i don't think it's going to be curved to a point where you can't slip it into your pocket. it's slightly curved to fit your ear. will it be a game change senator will this be enough to revive market share for samsung which is dealing with heightened competition from apple. >> i predi

apple comparison. >> i'm saying if we're going to talk about money that's being wasted, there's a report the day after this report about an entryway at a fort in louisiana -- >> we're talking about -- >> security versusperimenting with solar panels. i don't understand how you can -- >> the standard is we are averse to any spending going in any direction that isn't where it's supposed to be going, we should be equally outraged. the point is we're talking about such tinymount spent on these conferences, it's like if i gave you $1,000 and -- >> what's $21 million. >> that's the logic, that's the reason. they're saying so much money is spent and a lot of money is wasted so, therefore, this is okay. argument. >> no one is saying this is okay. they should do everything in their power to prevent waste. but i think it is silly for us to sit here and nitpick over what is a small amount of money in the federal3w not nitpick over other things. >> they are never going to spend your money prudently. >> because they don't have skin in the game. that's what it comes down to. when you have this excessive government waste when you have bloated government versus limited government and when you don't have the private s

companies like apple, facebook and google and netflix on one side and the broadband service providers like comcast, at&t and verizon on the other. on this ground the internet company versus won. and the fcc loses no matter what. if they vote in favor of net neutrality like they just did it's possible broadband speeds will fall and they'll be criticized for that. if the fcc went did the opposite of what they did then they would be accused of throttling the implemented. >> can we say then that the speeds have already fallen in the europe and u. s. there hasn't been enough investment because they can't be seen to monetize that sufficiently. >> well, net neutrality in some countries is a legal requirement. holland for example. in america it's always been a regulatory principle that the industry has followed. it's only yesterday that it was enshrineed in law. people thought they had the authority to enforce net neutrality for many years. in january 2014 verizon challenged this level of authority and the courts ruled in favor of verizon forcing the fcc to make this decision. >> will this debate over the future of the internet continue despite the fcc making that ruling yesterd

in apple's price oscillators and indicators showing a correction which is ordinary and merited, it seems to be beginning. >> yeah. you've also taken a look at crude. looking at backwardation versusin crude oil. if you look out a year it's up around 60. that says crude oil futures traders are not believing we're sticking around $50 for very long. they don't want to bet on that for the deliverables a year from now. when you see that much of a spread between near-month and far month contracts that is a big find the near month will be going up. we do not expect crude oil hanging around at 49 bucks very long. >> what's the performance on that spread. >> we've been at this big contango a couple of times in last 20 years. one at 2009 bottom after the financial crisis. another time in 2011. in each case a big rally the month that followed in crude oil prices. how much of a rally, it's not able to tell you. it's going to tell you the direction well but how much of a magnitude you just don't know. but if you can get the direction right, the magnitude takes care of itself. >> right. we have talked a lot about what amazing month the markets have put together. s&p 2110 obviously nasdaq 5000