asymco cofounder, horace dediu, great to have you join us from wwdc.areholder meeting, tesla reached out via twitter. the company tweeted questions for elon to answer before the shareholder meeting tomorrow. questions range from pricing to third-party services. there were a few lighthearted queries. one user asked for the best wine after a successful shareholders meeting. elon musk answered, "california cabernet." keeping it local. emily chang just sat down with tim cook. more ahead. this is bloomberg. ♪ >> i think he did listen to me. i think he decided wrong. he did not decide what i wanted him to decide. i think it is not good and in the best interests of the united states. ♪ ♪ >> the councils and committees to be terribly productive. but it was not about not wanting to advise on something where i thought we could help or we had a point of view that should be heard. and so, i am doing the latter. i cannot imagine a situation where i would not because i think it is in the best interest of america to do it and i am first and foremost an american. caro

several thousand developers turn up to wwdc every year.ets. among the masses, ifound the youngest attendee, a ten—year—old who had come all the way from melbourne, australia. i just enjoy the fact that i can turn, like, my ideas into reality by programming and making apps. so this is my most recent app, which i published six days ago. you can click anywhere to place a block. your goal is to get the highest tower blocks. so you are obviously much younger than everybody here? yes. so what do you want to do when you grow up? are you going to carry on making apps? i want to be a turtle. you want to be a turtle? i'm joking! i mean, why not. i don't know. how can ijust turn myself into a turtle and grow a shell? and become green. iamjoking. i would like to create apps i can revolutionise the world. and i also want to teach the world coding and get them into coding, so they can actually improve all the technology we have and make technology a whole lot better. a young man destined for great things, i'm sure. think robots and maybe you'll picture

. >> reporter: dan, thousands of developers are here from 75 countries attending wwdc at the mchenry convention center in san jose. apple packed in a lot of announcements, including a new smart speaker. ♪ >> absolutely beautiful and we call it home pod. >> with pulsating music and slick video, apple showed off the latest invention for the masses. a new smart speaker. like ipod reinvented music in our pockets, home pod is going to reinvent music in our homes. >> it's a voice activated speaker that uses siri. apple was late in introducing a speaker to consumers. there will be comparisons to google home and echo. but home pod is different. >> it's about focusing on music, putting apple music at the center and siri, interestingly, becomes a musicologist. >> let's stop it right there. >> that was a close one. >> apple wowed developers saying a demo of the virtual reality capabilities using mac's new high sierra. a new developer for augmented reality. >> any new platform called a.r. kit allowing developers to use augmented reality, add items and have them build their own world. >> innovati

>this annual wwdc show is focused on software apple will show off a preview of ios 11 the next operatingtem for iphones and ipads so a look at new features coming to i-devices..one new feature expected group facetime, meaning that you'll be able to video conference multiple people from your phone. tim cook has mentioned several times how excited he is about augmented reality. so he may show off how they intend to implement augmented reality in the upcoming iphone 8 this fall powered by ios 11. gabe slate /tech reporter says: <" apple typically waits until the fall to unveil hardware closer to the holiday shopping season but there is pressure on them to come out with a siri speaker, a competitor to the amazon echo voice assistant.">this would be a stand alone gadget that would sit in your home connected to your wifi and have siri on call waiting for you voice to ask questions or make commands gabe slate /tech reporter says: <" as always apple is holding their cards close to their chest and have not revealed anything we don't know for sure what they are unveiling. so tune in monday on kroo

. >> reporter: dan, thousands of developers are here from 75 countries attending wwdc at the mchenry convention center in san jose. apple packed in a lot of announcements, including a new smart speaker. ♪ >> absolutely beautiful and we call it home pod. >> with pulsating music and slick video, apple showed off the latest invention for the masses. a new smart speaker. like ipod reinvented music in our pockets, home pod is going to reinvent music in our homes. >> it's a voice activated speaker that uses siri. apple was late in introducing a speaker to consumers. there will be comparisons to google home and echo. but home pod is different. >> it's about focusing on music, putting apple music at the center and siri, interestingly, becomes a musicologist. >> let's stop it right there. >> that was a close one. >> apple wowed developers saying a demo of the virtual reality capabilities using mac's new high sierra. a new developer for augmented reality. >> any new platform called a.r. kit allowing developers to use augmented reality, add items and have them build their own world. >> innovati

thank you so much, cory johnson and mark gurman, live from the wwdc. stay tuned.t is our exclusive with apple c.e.o. steve cook. that extended interview later this hour. now a story we are watching for you. alphabet crossed a major milestone in the session. shares traded above $1000 a share for the first time ever. giantsis among the tech seeing record-setting gains this year. the stock is up more than 25% in 2017. more tech companies hit all-time highs in the session including microsoft, amazon, and nvidia. prime minister theresa may cause out the tech community after the attacks in london saying the industry should do more to stop the spread of terror online. what comes next and the impact on the election days away. bloomberg is live streaming. .heck us out weekdays this is bloomberg. ♪ caroline: now a story we are watching. if the sprint merger with t-mobile happens, it looks like potential lenders might be stuck on the sidelines. in early discussions, a new potential option has emerged. an all stock deal that would avoid the need for financing. they would let

. >> i guess i ask that question sort of suggesting to do it ahead of wwdc. you weren't moved by anything apple moved yesterday? virtual reality, augmented real, any of the products they showed? >> no, i wasn't. maybe you're just missing the boat. it's. >> it's possible. being more and more oriented around the services. i'm not of the views that iphone going away anytime soon, but when you take over multiple years, the value is in what the devices ago access and that is where apple is the weakest. that showed up yesterday, where you have a nice speaker, but it's a speaker. >> it's josh brown. >> i want to get your take on the ak kit, which some technologists are saying could be the platform to beat. then on the speaker, just a quick comment. do you really think three years from you, we're going to be sitting around and accessing the web via a device in our hand or is is it more likely we're just talking generally and the computers in our home, apple speaker or alexa, are doing the computing away from our hand. if that's the case, suspect potentially the home

>this annual wwdc show is focused on software apple will show off a preview of ios 11 the next operatingystem for iphones and ipads so a look at new features coming to i-devices..one new feature expected group facetime, meaning that you'll be able to video conference multiple people from your phone. tim cook has mentioned several times how excited he is about augmented reality. so he may show off how they intend to implement augmented reality in the upcoming iphone 8 this fall powered by ios 11. gabe slate /tech reporter says: <" apple typically waits until the fall to unveil hardware closer to the holiday shopping season but there is pressure on them to come out with a siri speaker, a competitor to the amazon echo voice assistant.">this would be a stand alone gadget that would sit in your home connected to your wifi and have siri on call waiting for you voice to ask questions or make commands gabe slate /tech reporter says: <" as always apple is holding their cards close to their chest and have not revealed anything we don't know for sure what they are unveiling. so tune in monday on kr

it includes an overlay with the apple logo and wwdc 17 along with three stickers along the bottom. the stickers are available this week in the imessage app. >> we've got some changes in the forecast. your abc news 7 app the best source to track it. a little haze hanging over san francisco that could turn into rain later in the week. mike, rain, really? >> i know, it's june. one of our driest months, but it does rain in june, just not a lot. i'm not expecting a lot out of this system. let me throw some chances at you and you'll see a bunch of goose eggs on the map for today, tomorrow, but it's thursday that sticks out like a sore thumb. 5:00 thursday morning, a spinkle or two around santa rosa. as we head throughout the day, it mainly stays up in mend seen know county and northward. then, once we get through the evening rush, the sun starts to set, a couple of hundredths of an inch are possible by the time we get to friday morning to possibly some light showers. so the friday morning commute could be a challenging one, one we haven't had a while. we just don't get a lot of rain in j

. >> reporter: wwdc continues tomorrow with a special guest, former first lady, michelle obama will haveelopers. >>> apple also announced a new safety feature for ios 11. it will include a do not disturb while driving mode you can turn on. once on, the phone can tell if you're driving and automatically mute your messages and notifications. they'll autoreplay with a text that you can't reply. >>> mickey drexler, the ceo of j crew is stepping down amid rumors of bankruptcy. they shaped the image to its catalogue and brick and morder stores as well. but the company has hit the hard time with preppy look and high prices falling out of fashion. j. crew is carrying a massive $2 billion in debt. home of the home furnishing brand will precede drexler. >>> they say work on the damaged spillway goes on all day and night but they're grateful it's happening. that's some good video there. that's ground level view of blasts last wednesday on the lower shoot of the spill wae. the blasts are expected to take place towards a november 1st deadline. they plan to start pouring the concrete in mid-june. >>>

they might talk about it because the iphone is so core to the wwdc at this point.e in the new ios? improvements to maps and apple music. there is a lot to look forward to if you are an iphone user. emily: thanks for keeping us informed. we will be there on monday. bloomberg television and radio will have full coverage of the worldwide developers conference kicking off on monday. tune in for reaction and analysis. "bloomberg technology" is live streaming on twitter. check us out weekdays 5:00 in new york and 2:00 in san francisco. that is all for now. this is bloomberg. ♪ bloomberglcome to businessweek. why the irs is demanding $2 billion from caterpillar. and the interview with the san francisco fed president. finally, what went into making the sign of the summer. it does not mean we will talk about justin bieber. all that ahead on "bloomberg businessweek." we are here with megan murphy. let's talk in the politics sector. we

emily: we will see if this is unveiled at wwdc next week. that is the suspicion.thanks so much for that update. coming up, mary meeker's annual internet trends report has dropped. we will dive into what has become the state of the union for the tech industry. if you like bloomberg news, check us out on the radio. listen on the bloomberg radio app, bloomberg.com, and in the u.s. on sirius xm. this is bloomberg. ♪ ♪ latest first word news. india's economy grew at the slowest race in more than two years in the first quarter. gdp expanded by 6.1% in the first three months of 2017. that is a four percentage -- a full percentage point below estimates. the manufacturing center shows signs of recovery. a woman linked to the scandal that toppled a leader is back in . she is the daughter of a confidant. samsung paid 850,000 dollars to buy her a horse as part of the widespread corruption inquiry and political and business -- in korean and business circles. trading revenue is said to call at least 10% because tranquil markets are curbing demand. jpmorgan and others slid off t

it was a very long wwdc keynote, and it wasn't just software this time.of hardware innovations that i think homepod was actually the star of the show. >> star of the show. it's definitely stolen a lot of the media attention and you're not moved to adjust your targets today as a result. >> there's availability. i think this is a go-to around the holiday season if people can get their hands on it. let's see how it rolls out. iphone 8 is going to be a huge needle mover over the next year, and we're going to wait for that. >> can t costs nearly double the echo speaker. >> iphone is the needle mover. i think the big focus on a.i. is important because it actually sort of increases like lit price what people are willing to pay for a phone, the more the phone can do the more you're willing to pay for it. the homepod is probably pretty small revenue standpoint. i was a little disappointed no the with the product, looks great but the fact it's six months afor a product seems like they should already have one out there by now and secondly, the 350 price point that d

josh lipton at the wwdc as they call it. we'll take a break. the dow down 15.the closing count in just a moment here. >> make sure this thing is on. it's hard to hear. after the bell, british prime minister theresa may is taking aim at silicon valley after another terrorist attack hits the u.k. we're going to talk to our government's first ctr about whether tech is doing enough to stop terror. you're watching cnbc, first in business worldwide. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise

think apple is sort of plotting along right now we talked about this a couple weeks ago out of the wwdcvent. taking out whole foods, we saw apple's approach to sony pictures executives. and my point of view is they need more than two executives. because i think apple fundamentally is about emotion and the emotional connection with consumers and the content in entertainment so it's time for a bigger move here >> steve, it's john ford i love that you stuck your neck out here and wrotethis i completely disagree that apple should buy netflix and because of this, netflix's strength it seems to me is everywhere apple's strength, when it does service this right, is vertical integration. in order for them to make netflix worthwhile, they have to make it work better on ios, pull it back from other places, and that would ruin netflix. plus, apple's already -- >>> some of the advice was hosted if you think about true integration and look upstream to content production and downstream to distribution, the ultimate vertical integration is to buy netflix and become the first global tv network that the

she was invietd to speak at wwdc.ot allowed in, but attendees shared pictures of her speaking about her role as first lady. without sharing personal memories from the white house, mrs. obama spoke about the need to have more women in technology. >> how we need to strive to be tellers in our environment, how we need to effect around us the people that are closest to us because that inspires change. >> reporter: that message resonated with men who were listening to mrs. obama >> we need to look at ways we can educate and bring women into technology and open the funnel up. she talked about how we can do that as entrepreneurs, as business leaders. >> reporter: the talk was held at the fire side chat between mrs. obama and apple's vice-president of social initiatives and environment. in the crowd were developers from all over the world. >> it gave us just a little bit of outside of what we're doing. we're all here planning businesses, making money, putting bread on the table. and she was just getting us to think, just see

it's about wwdc, underway momentarily. >> hey, tony, it's josh.e there will be some new ipad stuff and things like that, but what everyone wants to hear about, at least from what i've read and heard, is siri, whether or not there's an alexa killer on the other side. how seriously apple is taking personal assisting. >> well, i think you're right. that's probably the key question. i'd be surprised if they had a product this soon. it's possible they could preview it. i'd say that's probably less than 50% in my eyes. you know, apple has a digital assistant called siri and the phone is with you at all time, so, the question is what incrementally would a more stationary digital assistant provide. certainly, it has some con venus yens in terms of being in a fixed location, but again, most people usually have their iphones so this would be likely something that would try and have you know, very significant audio capabilities to distinguish itself from the phone, but again, if i were to put odds on it, i think the it's less than 15 50% and certainly at thi

wwdc has never been an event that is a rallying cry for the stock the day, the week or the month that follows. people are focused on the product. if there is a new product that will be an incremental positive but i wouldn't get too excited about anything they say today having a major impact on the stock. >> amazon has worked very hard on alexia. on alexa. a lot of people have those products. >> do they? >> they seem very popular. >> they do seem very popular but, look, i agree with walter on the substance. i disagree in one point. i think this is the most important day of the year for apple investors and it's not because the stock is going to move. it's because it's not going to move but if you dig into the substance of whatever gets announced on stage you're going to be able to make smarter bets about the future. >> just out of comparison, what did they say last year about the major run that the stock has had this year? >> they talked about the continuity between the mac and the iphone. they talked about some of the encryption features that will remain in i-message, building in more

we also have a lot of traffic around the convention center in downtown san jose for wwdc, which is in day two today. a lot of people are going to be attending that. you should be aware of it. there's 280 northbound heading up through downtown. it's a little bit more crowded than usual. it could be that or it could be just a bunch of things getting up into the valley. please give yourself plenty of extra time as you're driving through. the bay bridge toll plaza is moderate. back to the desk. >>> former first lady michelle obama is about to speak at the apple worldwide developers conception. her visit came as a prize to many, ali. >> reporter: yes, tim cook made the announcement yesterday but he didn't see specifically what michelle obama, the former first lady would talk about. he just talked about empowering people from all walks of life. as early as 4:30 outside of the convention center there were people in line making sure they had a seat in the room for the former first lady's appearance. michelle obama's speech is being billed ads -- billed as a fire said chat. she will sit down w

take it a step further, wwdc 10 years ago was literally hottest ticket in the world, you have companies companies coming out with devices if not mimic and if not better t doesn't have the same cachet five or six or seven years. iphone was revolutionary. ipad was revolutionary. those evolutions are being improved upon. neil: i'm an apple shareholder, i have been a while, i should disclose that. i'm reminded of the days of steve jobs t would be a big deal, he was a marketer extraordinaire, take nothing away, sometimes marketing stuff in retrospect was big, it wasn't that big, but he had the ability or knack for heralding an event for being so different, even moves to the ipod itself at the time, that apple seems to be stretching for something even akin to that. am i reading reading that corre? >> the pction element usedan? to be such a huge de. i was watching a few minutes before we went on air of the live conference right now and the applause -- neil: wait a minute. you were watching that instead of this show? touche. touche. continue. >> wa-wa. >> great multitasker. neil: very good. ver