a topic we definitely want to discuss with our financial correspondent on wall street dance cause is joining us now hi yes it's good to see you well if the i phones are a flop or not to buy almost four percent since its recent high in early october the stock is down by around twenty percent meaning it to bear market to territory it was those devices the i phones becoming more and more expensive that might be one reason that consumers are holding longer to their devices and not necessarily getting the new was the version so that could be one problem here at apple and as i said so all of the stock now is in bear market territory and we're seeing other tech stocks also under pressure is apple the only story dragging them down. you know we have a couple of things going on especially in the high tech world the nasdaq composite here on monday down by three percent there was all those scandals that spaceport there seem to be turmoil in the boardroom this dog was down a good five percent and since its recent high in july dropped by more than forty percent but then also it seems to be that th

wall street is dancing to a different beat. shares slump surrounding the revenue forecast. first, to the top story. apple shares are falling after reporting an underwhelming forecast for the holiday period. earnings suggest a weaker than expected demand for their price year new iphones. in terms of the fourth quarter, sales rose to $62.9 billion in profit came in at two bond $91 -- $2.91 per share. joining us now in boston is our --lyst and in it seems to be a mixed bag. we had the current quarter beat on the top and bottom, but the forecast was underwhelming. what is your take? >> i think we had a great thed-quarter in terms of fourth fiscal the guidance here little bit. it looks to be perhaps indicating the emerging market .r china slowdowns frankly, it is flat considering the product mix they have, it is a flat forecast with zero growth in the iphone. selina: a big change of focus on the number of iphones but the average selling price -- iphone sold, but the average selling positive. seem to beve not that many limits. in terms of revenue growth, they find more customers,

to see a cracker barrel run out of gravy or an actual star on dancing with the stars but seriously though who does that before wall street firms took over the biggest recipient of charitable giving in the us two years ago was the united way which if you recall couldn't even get the flesh and blood in richest tom brady to appear for its assets. but one of the more notable examples of the disparity between what's given and received is in silicon valley where a donor advised one called the silicon valley community foundation has received multimillion dollar donations from the likes of netflix founder reed hastings and twitter co-founder jack dorsey and if anyone deserves a tax break the least if they do that took bob's burgers off of netflix and the other dude who claimed that at jack handle so early that my best friend jack has add seven digits and an underscore after is name just to get in the cow only to have everyone think he's a russian but in fact none of these guys billionaires need tax breaks when the amount of money going from the silicon valley community foundation to charities in the nine counties bay area actual

to see a cracker barrel right out of gravy or an actual star on dancing with the stars but seriously though who does that before wall street firms took over the biggest recipient of charitable giving in the u.s. two years ago was the united way which if you recall couldn't even get the flesh and blood in richest.