paid subscribers versus apple. they are an established player. for apple to move out of this trail and expand, they will take some time. matt: set us up for the september apple show. what are we going to see? new phone, new watch? >> the biggest thing is going to be the phone. a lot of attention gets put on some of the new stuff that apple gets introduced, whether it is a watch or's television, but this is all coming back to the iphone. as the iphone goes, so goes apples is ms. it if they can continue to increase sales of that product, the company and shareholders are going to continue to love the company. s?tt: the six >> that has been the trend. matt: thank you for joining me. now, i want to tell you about a story we are watching, involving a streaming music service. sound cloud is said to be close to confirming a landmark licensing deal with universal music group. talks between the two have dragged on for several months because universal is asking for a big chunk of equity in sound cloud. the report says sound caught investors, who were spooked

at this point if one were to bet on s&p versus apple, apple's probably your better bet. has more downside risk and apple having had a lot of that risk removed. >> and of course we're hitting against potential catalysts. september 9th a new phone could be out. some details on apple tv could be out. >> right. and it's really important that we're coming up on those cat lists in the sentiment in the stock. the sentiment's awful. i like mike's trade, being able to buy it at 92 bucks, 95 bucks, wherever he's able to buy it there. it's important that if you're down at these levels i don't think the catalyst coming september 9th is going to be anything that great, right. we have a new phone coming out, it's an upgrade cycle. fine. most people know about that. but now that the stock is down here, this is a great place and a great way to play it going into that. >> right. obviously the strategy can be employed with other tech stocks. would there be other tech stocks that you would consider adding or buying right now effectively? >> yeah. one name i would actually take a look at, i

is it start-ups versus apple, amazon, google, and facebook? >> 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. >> the amazon-hachette war, you are published by hachette, you and your books got caught in the middle. how do you feel about this? >> 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 would see me as

this prompted me to look at apple versus netflix year to date. apple up around 2% or 3%.etflix, the line goes up, up, up more than 150% year to date and trading at a record. different trajectories for the two big companies. they are at different points in their life cycle. i thought it was interesting after apple is on a losing streak and netflix has been -- olivia: unstoppable. one thing we were going to talk to porter bibb about, if time off hbo, could it have evaluation like netflix? erik: let's have a look at top stories. fragment say if a wing found in the western indian ocean turns out to be a missing there areight 370, probably other pieces that floated away rather than sinking. the discovery of the fragment last week on reunion island is leading experts to conclude the missing 777 broke up when it hit the water almost 17 months ago. crew is pouring into california to help fight the wildfire north of san francisco. the fire destroyed buildings and charred 100 square miles. it forced people to flee homes. almost two dozen fires are still burning elsewhere in the sta

selling a swiss watch with a touch screen in it versus an apple watch that is a tougher sell now.o the more of scale manufacturers have to worry? a buddy of mine was asking, does breitling sell a watch with a stopwatch or an alarm? >> i don't think we will see some thing like this from a company like rolex but breitling does have a smart phone app where you can control some of the features of the watch. iwc is releasing something. mont blanc is releasing something. brands are trying to figure out where they can have the impact without diluting what makes them so special. matt: one thing i noticed about the apple watch, it does not always tell you the time. you have to agitate it or move it to your face. >> it's a great notification device and a really good way to access certain apps, but it is not a really great watch, which is something that apple needs to address. matt: you need to be able to tell time all the time. stephen pulvirent, our watch expert. coming up, rapper dr. dre is dropping his third album in three decades, this time with twist. that story is next. ♪ matt: dr. dr

it is amazing how much more attention apple gets in that space versus samsung. argue is a huge weight in s&p 500 and deserves the attention. the entire index is almost built around it at this point. it is close to you in the united states and you pay a lot more attention. commonality is they are affected by china because both of them, the apple stock is falling, china because it is a big market for sam's -- samsung start offare finally, in terms of the model -- you have a lot of things going on in common. is telling you what is going on in the markets. everybody's concerned about demand. is a knock on effect? what if demand slows and apple is not able to maintain its pricing power, which is what it requires to keep its credible margin? that is a much bigger risk. requested is a risk. you're talking about having to remain high, and it has for many years. longer beer will no supported. the high-end supporter, it is not supported well. stephanie: number two is emerging markets again. remembers wall street, these were the high growth countries for returns over the ne

if fitbit gets really good at that piece of it and it's only $90 or whatever it happens to be versus the apple00, this $600, they may be able to carve out a initinic people feel like i've got to have it it, it's my health. >> 120% ye-to-date worked up until now. finally, tesla, another big mover to the downside, the company cut sales forecast for the second time this year. that does appear to be weighing on shares this morning. earnings and revenue beat expectations. henry looking at cash levels, dipped into a credit line. >> they are burning a phenomenal amount of cash. i think if you're looking forward with tesla, assume big financings, maybe delusion, more debt, they get to cash flow positive if they debt there. folks are looking at that. they've delayed shipments. people are saying, how big is the market? how fast can it grow? how fast can they produce? it's hard to do what they do. >> cramer's view this morning, he calls it a cult stock. >> no question. >> but with that is the notion if they get more financing and raise capital, bears have -- the bulls would have another leg to stand on.

. >> tell me why you like facebook in the near term versus apple instead?oing to all of your browsing on mobile, as everybody knows. and particularly when you take a look at messaging on the app and also the next big tranche of digital ad spending is going to be video, particularly on instagram and youtube with google. i think that the growth drivers for facebook, despite the valuation, and a lot of people will coming back to me and say, paul, facebook is expensive, i see much clearer growth drivers for facebook. apple, on the other hand, which is still a big holding in my portfolio, like everybody else i'm worried about the second act after we get through the iphone 6 ramp. this year is going to be an extraordinary year. the problem is, next year with about 60% to 70% of your business coming from the phone, what's the next leg? and what happens if iphone units are actually down next fiscal year? >> yeah, a question we have asked many times on this show. you like flt, and you're switching that out replacing psix. flt has an uber connection. >> very interest

again, apple versus procter & gamble. brian. >> there are so many ways to go with this. looking forward to that heavyweight match-up. somebody's going to get swifed. >>> two managers joining us to weigh in on those two dow components that are left standing. high- hugh, do you like either p&g or apple and if you had to pick, could you. ic a favorite? >> this one is very clear to me. i own apple. all of my clients own apple. periodically we've been buying apple but we've been buying it on weakness when it shows up and it does show up periodically. there's using very very conservative assumptions on revenue growth taking it down to say 4% from the 15% to 20%-plus that we've been seeing taking margins down from 35% to say 30% for 2016 fiscal year you still get a stock that's undervalued. so i would continue to do what i'm doing right now. which is buy apple on weakness. now keep in mind my worries about valuation. so don't be too much in a hurry. the stock market's got to go lower. apple may go a little bit lower with it but

i did not think it was a standout versus the apple iphone 6.got to build themselves back up after production got hit. these have got curved screens. this is a whole new way of making phones. i asked if they would be able to keep up with production this time. we were so successful we could not produce as much as demand was expecting. as you know, we suffered a little bit from production capacity. now, since the third quarter of this year, the demand -- the supply issue is solved and we are very concerned that we can now supply everything that is immediately demanded. caroline: he is deputy president of samsung mobile europe. speaking very passionately. francine: if this is not enough to lure customers, what will be enough? caroline: they are hinting at a new smart watch. i think they are really very passionate talking about their level of innovation. $40 million per day they spend on r&d. they are trying to push the envelope. when you look at the stats, they have sold 32% less high-end phones. they are now just a quarter of the high-end phone ma

put them on match-ups, for joe terranova and josh, we try to get closer match-ups, so it wasn't apple versusun. nike versus starbucks. on this side here, chipotle, versus underarmer, home depot versus netflix. we whittled it down by viewer votes to these now. very tight race with facebook and jp morgan. jp morgan comes out of that part of the bracket, nike edges out starbucks on that side here and viewers also said chipotle perhaps a little more relatively overvalued than under armour and netflix more than home depot. this is our final four now. i guess the question becomes whether or not viewers will continue to feel that way about some of the stocks. they can go to cnbc.com and vote there, also tweet with the #sell did thele did the rip. we want to know what viewers think about whether these stocks are worth taking profits in. that's what viewers have said so far. i would be curious to hear what the traders think and whether they would have voted this way or not. >> doc, you can weigh in first. >> i would agree with most of what i see here as far as i thought one of the stocks you wanted t

apple music versus spotify versus pandora, seems as if people say it's beautiful yet clunky interfaceught the whole purpose of apple products is make life more simple, usable. scott, if you have beats, go ahead. >> they will. that's the first thing. deirdre: we're in the trial, free zone, so that's okay? >> they will. they have to. their products need to be awesome. so on the heels of the watch which i still where, i'm not sure why, it's a good watch, whatever. they got to get these things to be awesome. and they can. and they have the money if they have to go buy some exclusivity and creating the channels are like exclusivity so on xm, there's a blend and coffee house and whatever. so they're going do that too, and at the end of the day, it's going to be awesome. deirdre: and also have 800 million credit card numbers, right? which is four time the amount that amazon has on prime. >> and know, this is probably raising the flag. they haven't had issues with hackers. maybe they they should talk to visa and ashley madison how to protect your servers. but the interesting thing about the m

take apple versus these social media applications. and growing but on their balance sheet they are not necessarily making dough. apple makes money while you are sleeping. tom: a price target reduction on apple this morning. let me look at the chart. help me out with this. >> i think bank of america is using palm pilots. this is a really ugly short chart. i was stunned when i saw this. i have no idea. >> it looks like a bracelet they are selling. these are called kisses and i'm not kidding they are ugly. >> it has been on an incredible tear but it is just letting a little steam out. at any point, tim cook if he really cared all he would have to do would hand of the wood -- would be to had a little bit of cash back. tom: this is an idea of china and commodities filtering into u.s. equities. >> one of the things we have been talking about is how all of these great companies have great fundamentals are getting punished severely. so if you have been timing at london in six months you don't with the time these things. olivia: we are remiss

aka advisor says apple versus pg. really? ould happen if a high school football team played an nfl team. apple wins this every day. is p and g a high school football team. this one @stock talk says buy p and g. must have items. maybe procter & gamble has fallen a little bit too much. this is also a dividend story as well. one of them procter & gamble very thick dividend. over 4.5%. apple, 1.5%. different scenarios here. we'll tell you what the big winner is going to be at 4:30 later on in closing bell. stay tuned. you can still vote, guys. kelly, bill. i hope you guys are voting as well. >> nah, we're not allowed. >> are we allowed. >> i'm shocked by 4.5%. >> no inside information. >> no inside information, guys. i've been supervising the whole thing. >> i'm stuck on the p and g dividend yield. 4.5%. >> no, a little under 4%. between 3.5 and 4%. >> still. >> still very big. >> #buythedip. keep voting on twitter. >> thank you, dominic. >> you've got it. >>> media stocks are taking a hit especially view come and twenty first cen

i would like to think "squawk box" is where this started with the apple versus exxon question, right. tuesday. >> but that started over a month ago with andrew where i made that point and i wasn't comparing exen to apple, i was comparing. >> we've whittled it down like dom asked. two -- exxon for an apple. >> buy the company twice. >> yeah. >> well, in addition to those slumping dow stocks, the street also focusing on oil's big drop and tomorrow's all-important jobs report. so here now is mary ann bartell's chief investment officer of portfolio solutions at bank of america, merrill lynch and joshua fineman, at deutsch asset and wealth management. nice to have both of you with us. mary answer. >> -- mary ann. >> good morning. >> your outlook for the jobs report how will it frame the way we should be thinking about the stock market today. >> we're all trying to figure out what the fed is going to do in september and some of the data coming out is a little weak. some are concerned the report is going to be weak and the fed will be on hold. in fact, the bond market, we have seen yields co

earnings report facebook had 968 million daily active users in the second quarter versus 968 million in the previous quarter. >> apple invited journalists tie september 9th event where it's expected to launch it's latest iphone. it includes a faster processor, modest camera upgrade and new touch sensitive technology compared to the existing iphone 6 range. apple one of the tech stocks that move higher in yesterday's trade. before we go to break, here's your headlines. chinese authorities step in to pump more liquidity in the markets. oil swings between gains and losses after jumping 10% in yesterday's trade and the cleveland fed president says the u.s. economy can handle a rate hike despite the market volatile. you're watching cnbc. we're first in business worldwide. ♪ no student's ever been the king of the campus on day one. but you're armed with a roomy new jansport backpack, a powerful new dell 2-in-1 laptop, and durable new stellar notebooks, so you're walking the halls with varsity level swagger. that's what we call that new gear feeling. you left this on the bus... get it at the place with the experts to get yo

the iphone is apple's most important product, accounting for two thirds of the quarterly revenue. versusess than half only three years ago. time now to check in on the markets. it is just after midday here in europe. -- indices are slight slower slightly lower after a bit of caution in the equity markets. investors are still digesting some economic data that came out earlier today. a pleasant surprise from greece. it second-quarter gdp has gone out, been revised up 2.9%. that is up from the initial reading of .8%. this was measured to just before capital controls came in effect it was so the impact will only be seen in the next quarter. and in switzerland, after contracting the first quarter, economist expects them to fall into recession. those figures are not correct, they should be reversed. s, which was aint surprise. they had uncoupled these was frightened to the euro -- they had uncoupled the swiss franc from the euro. now for one last story. there are more british millionaires than ever fred one in 65 adults are millionaires after the recent property boom. 41% increase in just over

apple or google. it's carmaker versus consumer. be able to use whatever you are using in your office or home in your car. cory: right. matt: you probably want to use waze because it is the best. it a safetyave made issue, but i think it is a business issue. the maps are a place where transactions happen. mercedes,fully audi, and bmw just got together to buy -- from nokia. first time i can recall those automakers working together on anything. the interesting solution would be if they can figure out an interface that would allow me to have waze on my phone, get in my car, put my iphone in the consul and have it automatically translate to the maps in my head unit. cory: they have. doesew apple car platy just that. the automakers are not in love with it. they look at what happened in the music industry when apple "partnered" with them and the pain that caused. there is also an open source development model to create an open source, free software mapping thing that would allow everyone to have something that no one would control. so the

stock market of china and apple's stock if you look back over the last three years, and apple sales in china versuss in china. so if you look back over the last few years, retail sales in china, in the last year apple sales in china really picked up year over year since the end of 2014, and while some have attributed that to the wealth effect of the chinese stock market, if that was really the case i think we would have seen overall retail sales in china also pick up, which we didn't see. actually the trend of growth slowed even as apple sales picked up. but i think it's more a function of the fact that the iphone 6 launch was just as well received in china as it was everywhere else in the world and it was a blockbuster. >> jon? >> kelly, a couple things that i think people are forgeting when they think that apple iphone sales in china are closely tied together. one is a data point that we got last week. our josh lipton talked to eddie cue. and eddie cue said not only are app store sales for apple in china up but the average sale, the average person is spending more on the app store in the month of

apple sustain that level of growth? can they continue to grow year over year versus a tough comparison? d that's why the stock has been weak because the market has been fearful that over the past year apple effectively pulled in users and that's why it's gained so much here. and that's what the market has been worried about. as you said, we think there's lots of opportunities for apple to continue to gain share. we believe that the install base of high-end samsung phones, galaxy s and galaxy note phones, is almost 300 million units. and so there's still ample opportunity for apple to continue to gain share going forward. >> so what is the case given apple's customers loyalty tend to be stronger than android overall and they have been gaining shares. they have room without continuing to steal share, to still. what is the database case they might sell fewer iphones than a year ago? >> i think it would be as follows. that apple had a really great phone that consumers were waiting on, the larger screen. they had never had that before their competitors had. and so as soon as that came out you

versus theigher 10-day average. a little bit of momentum on the day. scarlet: perhaps because apple is making its long-awaited bounceback. it has fallen 10 out of 11 days, even with a downgrade from bank of america and merrill lynch. it is getting a bit of a bounceback. alix: consumer discretionary still dragging. it is still consumer discretionary leading the way. media companies overall getting her today. the changes of an interest rate increase best next month actually had 52%, the bar all the way to the right. that is a big jump from two days earlier when it was down to 38 percent. we had that killer service sector report yesterday. scarlet: and a look at the services index, it's a light blue line. 60, highest above in about a decade. that is a contrast with the dark line, which is manufacturing, a smaller part of the u.s. economy. the service sector can prevail over the stagnation in u.s. manufacturing. what makes ice and services more encouraging is that it is driven by new orders and implement. alix: employment was huge. you can really blame the manufacturing on the stronger

this is a chart comparing the appleshare price versus its earnings per share estimate for the next quarter -- you can see have come upmates because apple is notoriously conservative with estimates, but the share price has taken a big dive the last couple of days in the gap has never been -- and the gap has never been wider. we will continue to monitor this one. bank of america/merrill lynch downloaded -- downgraded apple. let's look at the dollar. julie hyman mention this earlier. it embraced gains. it is not little changed. it fell briefly after the adp numbers disappointed, then the isn services number of cayman better than expected -- the isn services number came in that are than expected. there are a lot of fed officials talking. atlanta's dennis lockard said the bank is a most ready to raise rates in september. president obama is taking his case for the iraqi nuclear deal to the american people today. eases crippling sanctions on the islamic republic. detaileddent made a sales pitch at a speech at american university in washington. president obama: some have argued that it showed the futility of negotiations, but in fact it was ou

apple down draft. what's changed? >> those are perceived headwinds. again, i think there's a lot of differences of perception versus reality. reality is we believe china $150 billion market opportunity, 7% pain trade today, that's really going to be the fuel in the tank for apple. so i think that really is a big difference, that there's a lot of worries out there in the crowd theater. we think it is perception. when you look the penetration the way the market's going the next two or three quarters you take a step back forest for the trees here, 30% of iphone customers have upgraded to a 6. we believe a year from now that could be up to 80%. you've got a 6s which gets announced and we believe in the coming weeks for september. eight nine times ex cash. this i'd use a golden opportunity to look at a name like apple. it's going to be a little bumpy but that's where you start heading into the next six to nine months into this product cycle. >> in your view fundamentally nothing has changed the apple bull story. everything is the same as it was on april 28th when it hit its all-time high? >> i think it's perceived risks

from the apple tv price tag to a next generation iphone to an elusive apple car means it's the perfect time to play a little fact versus fiction on one of america's most widely held stocks. plus billionaire investor carl icahn sounded the alarm on etfs just a few weeks ago. >> you use it as a dumb machine that just tells you at the end of the day here's a lot of money go buy the index. it's a dumb machine. the state could do it like a damn highway. >> find out what has the charts saying etfs aren't driving the selling. and how you can protect yourself. much more "fast" ahead. >>> the apple rumor mill churning at full speed this week as the tech world gets set for next weekt week's secretive apple event. our friend dan ives of fbr capital. great to see you. i want to start with some reports concerning the pricing of the new apple tv. 9 to 5 mac saying they could unveil a new device last week priced at 149 or 99. is that fact or fiction, dan? >> yeah, that's fact. ultimately, we view it right here. they really need to go for more premium pricing. this sets the stage for the tv to come out in 2016. it's going to have that

apple was saying iphone sales were very good. it is very different if you are supplying the commodity patch versus supplying the consumer.f you look at it the way we were -- the way we look at the world, which that this is a fears, but there are ultimately unwarranted fears of a recession next year. then there will be a buying opportunity. olivia: so which will it be? rod: we believe it is unwarranted fear. one of the betting -- better leading indicators is the collapse in oil prices, which has always when it has been did driven -- when it has been driven by supply shock and not an over supply shock will start to live. that is a judgment call we have to make. about one minute left. where are you seeing earnings opportunities to be recovered? rod: not only opportunities, but actual reality. despite thepanies relatively sluggish growth in japan have out earned the u.s. since the recession. the next when it has the most opportunity is continental europe, because that cycle is only beginning to turn up. and are the places, japan think youne, where we will see the best earnings in the next couple of years. olivia: is this the

versus new media. news corp. with positive results. we'll discuss that story. don't go away. >>> technology has high exposure to china, specifically apple that relies on the chinese consumer to buy iphones. so when we found out they were devaluing currency apple shares fell by about 5% but ending higher by around 1.5%. what does this mean for the week? you can see apple shares basically flat up by around .1% but of course we'll be keeping an eye on the stock and what it means for the broader nasdaq. >> apple holding up a little bit better. let's move on. news corp. pleases investor with the latest results while nbc universal goes in search of partners to expand it's digital media line-up. landon is standing by in cnbc hq. >> let's start with news corp. pointing to a net loss after writing down the value of its education business excluding items about profit and revenue beat forecast thanks to cost-cutting efforts in the company's news and information services division which inchuds dow jones and wall street journal. it's a 13% drop in ad revenue and 5% on the negative impact of the dollar. it accounts for 2-thirds of total revenue. they

thinks it was a lot of computer versus can shooter training that we saw this morning responsible for the big drops and big recovery that we saw. within the first hour, apple%. 21%ral electric was down this morning and is now back to basically unchanged. olivia: i have to believe it's a lot of automatic, algorithmic training -- trading that precipitates a 1000 point move on the dow jones. --reciate your time for stop appreciate your time. guest covers stocks for bloomberg news. what can we expect tomorrow to mark -- what can we expect tomorrow? guest: usually it ends up positive. for 5% after a 5% a lot move? guest: a 5% selloff. it also means things might be more volatile. the data i got when all way back to 1980. ande has been 28 since then four of them the bull market tarted in 2009. people were not impaired for something like this. it is a little bit of a shellshocked. olivia: a big shellshocked for me. matt has not actually been covering the markets for 45 years. when was the last time there was such a big move? 2008, in thely depths of the financial crisis. then you can go back to the 1980's where there would be an 18% or 20% move. but the story the

versus been telling us. >> this is an opportunity to get into two types of stocks. one is the big ecosystems like appler facebook or amazon but not all of them. we don't like alibaba in china for example and the second is to get in -- those are riding a number of technology cycles. more cycles than we've seen for a long time and the other is to get into tech stocks that are market leaders in specific cycles like fireye which is the market leader in unified threat management which is the sector of cyber security that would do well. >> we're still underweight emerging market equities. the only overweight we have is europe and europe is corrected 20%. the fundamentals still look good. >> i have been selling for sometime and i don't think there's any reason to buy today. there's some sense of capitulation. we discussed equities but emerging market is a dead trade. >> let me just get you up to date with data that just hit our wires. the south african second quarter gdp data quarter on quarter seasonally adjusted and analyzed. consensus for plus 0.5%. when looking at the unadjusted growth, 1.2% year on year

terms of sectors selling off, versus yesterday where just about everything got tarred with the same brush. i think today we're being a little more selective in our selling. >> apple in recent weeks has been taken to the woodshed. it seemed inexplicable was that stock that overvalued because the quarterly report was not awful enough to justify the kind of selloff you saw, art. >> that is a very good point. interesting on apple, on multiple basis it is a lot cheaper than the market is. you back out the cash they're even cheaper than that. new announcement in september. new product release in front of them. the road map looks strong. yesterday's dent in apple, blemish on apple yesterday was the fact of 27% of iphone 6 sales are into china right now. if in fact you have consumer discretionary spend being crimped about a slowdown in china's economy that's a concern. in general they had probably one of the best second-quarter earnings reports we saw in the entire cycle and curious to see of the problem with apple, you have to find the additional buyer. just about everybody that invests owns it, has owned it, has an opinion on it, and still looks relatively reasonably v

reporter from -- [inaudible] i'm going to push back on this pin versus signature issue, because it seems to me that you're comparing apples to oranges because pins are checked and authenticated when you put a pin in a device at point of sale. signatures, i would say in my lifetime 99.be 99 -- 99.99 president of the time my signature is not checked. i'm not using a machine, i'm at a point of sale with a human being. they don't check your signature. so how do can you even compare if they just check the signature, how -- would it really be that much worse an authentication device? now, the human beings standing in front of them rather than someone who might have somehow stolen the pin. that's my question. >> well, why don't they check your license number, right? while you're standing there? because that happens to me. >> you put on your card, "check id," 90% of the time you write it on the back of the card -- [inaudible] >> i'll answer that as a merchant representative on the panel. i would agree signatures are worthless. they're a worthless form of two-factor authentication. they're very easily counterfeited. there's a reas

apple is threatening to give you a bit of a headache. >> we can talk about that in the next segment. >> i think we just active versus passive management. of the things that active managers have done well in good performance is not that they bought. it's what they didn't buy. you look at the really good performance. there's no energy. others, a little toe hold this is a market where you,i think it's an easier market than most because you can just dismiss 40% of the s&p. >> what are you heavy on. >> you've ignored -- >> it comes down to individual stock pickings. >> you are you discretionary, biotech, health care. >> we're buying individual stocks. portfolio includes chipotle, google, priceline. just all individual names. >> you still on the restoration hardware chain? >> we still do. >> and still holding onto it? >> yes. >> and we're not playing the it's not a very good diversified list. >> laszlo, what you're saying it sounds like it me, i want to make sure i'm hearing it correctly. the earnings season is pretty strong. we see the financials lifted the markets. other areas have lifted the markets to new highs, you're saying whether it'

apple watch? we've seen that hasn't really happened. there are two completely different consumers. you can get a fitbit tracker for under $100 versustalked to any of our interns, they all have fitbit. and that's how i learned about this is a popular product, especially amongst people that are not going to be apple watch consumers a the this point. >> i wonder if this will be another one in the column against the apple watch. >> everybody thought fitbit would be kmcommoditized. it is a huge valuation, 65 times forward earnings. 22% short interest. on our show, we've been saying it's going to print $55. i think as i was sitting here, it printed $55. i think you take profits in this name big time. especially if you see a reversal lower tomorrow. >> looks like we're seeing that already, guy, as they come off the high water mark. and we'll get a lot, lot more on all the calls with these companies. do we have results from green mountain? i think we have some color on these numbers. what are you seeing? >> well, don't let the bottom line fool you, kelly, there's a lot of bad news in this report. including the miss on sales. if you dig ben

apple numbers. it's better than the chinese communist party numbs. chinese communist party numbers, versus tim cook, cook says he's experiencing strong growth. he said it's accelerated in the last two weeks. accelerated. >> right. >> so, i mean, we may think that china is terrible, but these numbers say that one aspect of china which is perhaps the most important when we get to what's happening in our country because we're not a big seller of iron oar is that this consumer company is experiencing acceleration in its business in china. we have to compute that in along with the trading halt in the s&p level 3. let's say it's not our country. it's their country, but we've had spill overs. we're going to here stories about firms that are poorly positioned. >> sure we will. and there's selling going on simply because there's selling going on, and i'm sure there are risk managers saying your value at risk is too high. take stuff off the table. that is happening. i'm sure there are funds and various things. moving the euro versus the dollar last week was odd but maybe it's connected to overall tr

innocent but what's been interest as good that i have the apple tv and it's been really extraordinary to watch how many things were on it now versusn i bought -- i bought it in 2012 and it's gotten a lot of stuff on it now. they've got that part worked out. >> the word is that the price point -- they're trying to create a skinny bundle i'm told at about $40 which is about half of what a true cable bill really is. so the question is what's in that skinny bundle and what the margin is going to be. >> and the cable companies and con tentd providers is how they're going to react to these cord cutters. there's a lot of them waiting to grow and so, you know, i think you'll be seeing them being more willing than a couple of years ago. that's what is going to be so interesting but i don't think, you know, the word we have is that there's not going to be this -- they don't have news. they do have cnbc. you can watch it live on an apple tv and other networks. >> you have to be authenticated. >> you do. >> so you have to have a cable package. >> you do but there's probably going to be some way to authenticate. if you're a paid customer you c

versus 2 republicans does. it was a political move. stuart: that's what it is. thank you very much indeed, adam. earlier today i spoke with applhe runs 38 applebee's. he was saying that he too is going to be negatively affected by this national labor relations board ruling. i'm going to bring in an attorney, his name is michael, you work with labor groups. this sounds to me like a real brob for businesses, especially franchise people. tell me all about it. >> well, i represent all kinds of businesses and this is a huge problem. not only for the for example industry but for any b to b relationship because there's all different kinds of relationships business wants to have one plus one make 11. you make widgets, and you decide you want to hire food service for your employees, so you hire my food service. one of my employees shows up for the union button, my manager tells him to take it off, i got an unfair labor practice, my unfair labor practice is now yours. and that means that they're your employees and suddenly unionized. they begin to negotiate me at the bargaining table and suddenly you're at the bargaining table with me.

versus last year. i know they may have fallen as china's number one smartphone, but the growth is very not going away. stuart: we hear you. you'd like applelevels. but some support on the market. thanks so much. you again soon. next case, an accusation that when it docked or takes his or herself on a tablet into a half ago they are carrying a germ laden device with a name that is bad. dr. mani is here to defend the medical profession from the accusation. >> i'm not defending anybody. i think it's the fact. infection control in hospitals is a gigantic goblin. first and foremost doctors to wash their hands. right now we have to put by in floors of hospitals to make sure doctors wash their hands before they go into a patient's room. a 30% 40% compliance in most hospitals. this is a gigantic issue. now cell phones personal items get brought into areas of sterility. there have been several studies looking out the different bugs you find in these devices. you're on your phone, use them. staff strap things like that. theoretically, all of the devices used to keep in contact. they used to say you have a message. go to the front desk. every takes

versus the dow's gain of 2.1%. dagen: and euphoria for stupidly valued stock has not gone away. >> exactly, the first thing they do, liz said the same thing, i've got great ideas, amazon, google, applewe've got to go, but real quick. >> the other thing, the u.s. may have some bright spots. the u.s. economy may have a better go of it right now, but can the u.s. economic engine lead the rest of the world forever? don: david for your last thing we'll be back with that. futures are soaring for a huge rally on the open. keep it right here, we've got our last comments coming um. up. the promise of the cloud is that every organization has unlimited access to information, no matter where they are. the microsoft cloud gives our team the power to instantly deliver critical information to people, whenever they need it. here at accuweather, we get up to 10 billion data requests every day. the cloud allows us to scale up so we can handle that volume. we can help keep people safe; and to us that feels really good. protect and manage your home.o at&t digital life home security and automation. digital life gives you round-the-clock monitored home security for your family's peace of mind... plus wit