trump's tax plan may start having an impact on wage growth companies such as starbucks wal-mart or apple could use that tax saving money to boost salaries in all donald trump has completed his first year in office with a better score card than predicted by many and consumer confidence is highest levels in seventeen years the question now is if trump's reforms will have a long term positive impact on the majority of americans nicholas o'donovan. we've seen consumer borrowing rise to some of the highest monthly gains in sixteen years due to increased consumer confidence in the economy with borrowing levels rising to nearly thirty billion dollars just last november it's still just been a month into the new year but are we on track to see a continued increase in borrowing levels and consumer confidence let's ask jeffrey small the president of arbor financial and arthur author of turning financial planning right side up geoffrey thank you for being here household credit has hit a peak of thirteen trillion dollars what do you make of all that and it's good creating debt and probably defaults r

is this the peak moment for apple? >> apple is going to be around for a long time, but the story of 2018 will be the passing of the mental of the most viable company in the world to amazon because where now switching for the most important device from the iphone the next important device, and that is amazon echo. to seescott, great you. be sure to check out his book. much more ahead and we will talk about one of the top stories of the day, which is the latest policy statement, our exclusive statement coming up in just a few moments. this is bloomberg. ♪ yvonne: let's return to our top stories. janet yellen and rate hikes, our economics editor is back, and also joining us is former richmond head president. let's quickly set the stage of what we heard from janet yellen today. >> you didn't hear from janet weeks ofhat we got was further rate increases coming. appears the inflation outlook will make it seem like they are confident that they're going to head towards that 2% target, even adding the word solid to describe g

so it's not just the apples of the world, it's the small business owners, small family business owners who gathered in the white house today to share experiences. >> it's such incredibly powerful message and completely knocks overboard on the democrats blasting the tax bill as only good for big business. this is where america encounters the tax bill, right? not only the small company, small company employees. this is so good for the gop and so good for the country. charles: dave, do you think, a lot of times critics -- there are critics, now critics are saying, well, it's only going to have a momentary impact because it's a one-time event. higher minimum wage and certain changes, of course, people's own pockets, seems like it will be different. >> i would take the other side of that. you might make the argument on a bonus, and the next hiccup in the economy, you might not do it again. wage hikes last for a while. when you make a wage hike if you are a ceo, you have to be looking at, see the light at the end of the tunnel. you are looking at years, you think the economy is good, busines

. >> how helping out can win you a trip to the big apple and a brand new wardrobe. >> i don't like to shop but i'll help you spend your money on me. with my brand-new vlog. just making some ice in my freezer here. so check back for that follow-up vid. this is my cashew guy bruno. holler at 'em, brun. kicking it live and direct here at the fountain. should i go habanero or maui onion? should i buy a chinchilla? comment below. did i mention i save people $620 for switching? chinchilla update -- got that chinchilla after all. say what up, rocco. ♪ yeeeeaaaahhh!p, rocco. uh oh...a painful sore throat? not now. take cépacol instamax. look! unlike regular cough drops it contains 2 max strength pain relievers and cools in seconds. bye bye sore throat. take cépacol instamax. if thwell, you'd be drowningers, in magma. wait, what? hot hot hot hot hot if the earth needs layers, so does your chocolate bar. get layers of crunchy and creamy. hershey's cookie layer crunch. get layered. your toilet is germ-ridden with mineral buildup. clorox toilet bowl cleaner with bleach is no match against lim

that is selling into apple, and that is a concern that apple's iphone x and iphone 8 sales -- manufacturing isn't going great. if manufacturing is in great, sales are not great -- if manufacturing is not great, sales are not great. a lot of attention will be paid on apple tomorrow. qualcomm is saying there is a problem. emily: all right. cory johnson, our editor at large. we will have much more on earnings tomorrow, apple, amazon, alphabet, all reporting on the same day. lots of fun for us. we will have all the very latest for you right here. thank you so much for watching this edition of "bloomberg technology." we are livestreaming on twitter. check us out weekdays at 5:00 p.m. in new york. that's all for now. this is bloomberg. ♪ >> it is 7 a.m. in hong kong and where live from bloomberg headquarters. yvonne: welcome to "daybreak: asia". meet for the last time under janet yellen keeping rates on hold. stocks held onto late gains. the s&p running on its best start since 1997. treasury yields in for your high. liu in new betty york and it is after 6 p.m. and wednesday evening and facebook

apple as apple pay right. google has wallet. >> does anybody dispute that if it's not the greatest the instagram purchase while criticized by some at the time may go down as the greatest technology deal of all time. >> you tube. >> throw that in there >> you tube is better is this. >> if we are comparing two you tube was a better purchase that's not to knock on instagram, but clearly, u tube. >> the prejoshua tree you tube. >> i don't know anything about joshua -- >> brian >> what did you say? >> i said, before you bought a joke book. and i'll say it again. >> anyway. facebook >> it is time now for our final trade. we will go around the horn first to you guy adami. >> starting here amd. we talked about this for a while. look at the quarter. crypto, the gamers are involved in amd i liked ibb on monday i like it more now, down 3 dh from now. >> square. sq >> guys i appreciate you being so nice to he moo. >> tim seymour down there. >> i appreciate you watching "fast money. i have got 38 second to burn here. >> it

tracking your money apple expe expected to cut production of the nearly 1,000-dollar iphone x. why? lower than projected demand for the device. you think? because a thousand bucks. the tech giant will make 20 million of its flagship iphones half what it originally planned to do. the cuts don't stop there if they don't make as many phones they don't need as many pone of components. they're slashing that by 60%. company set to row lease its 2,174th quarter earnings report tomorrow. >>> so talk about creative marketing. one texas realtor is hoping the promise of free text of meg can food will convince someone to sign on the dotted line for the next home. houston area real estate agent nicole lopez offering $250 in free tacos to anyone who buys one of liggings. i have to tell if you they're berry hill tacos in houston, they're fantastic. after adding the incentive four months ago the sales pitch has popped up across social media. some fine print that forced lopez to change it to $250 credit at closing which of course you can ask for in the form of tacos. >>> so talk about a heart warmin

park, 10 million riders a year, is there really something for everybody here, roller coaster , pine apple shaped jump houses launch shoot, it is amazing how much we pack in the space. >> reporter: so 10 million will ride here 4 million people come through a year. that is quite a bit. >> it is but we're prepared. we handle it. take tonight stride. it is a unique opportunity. great place for families here in minnesota if you have experienced the winter a little bit. nice to be indoors. it is a fun exciting place. always something going on there. >> your favorite is log shoot. >> yes, absolutely. >> chris's favorite is log shoot. i don't know if my favorite is the log shoot but i went down it anyway got soaked and hence the new shirt so jessica i hope you like paul bunion collars. you will see me upside down and soaking wety can't wait for this i cannot wait to see your shirt in person. shout out to kate bilo who loves a log shoot and by logs i mean can't, won't do it, you have to compare notes with her >> reporter: glad to hear. >> all over the place, at 6:00 . all right. well back here in

humanity those companies and united are microsoft, facebook, ibm, google, and i'm skipping one -- >> apple. >> -ish and so the other big companies and ibm if i didn't say it. the other three are arguably the most well-capitalized and certainly those are in china and those are and what is interesting here is chinese government has honestly made big commissions about the next 20 years and how it plans to be a global leader in ai but what is important to note because they've made industrial policy work in china doesn't always follow through in a way that measures up to the proclamations what is different this time is that china is not going it alone. there are researchers based in the united states and they are pouring money into us funds but unlike traditional bc or hedging they are not just expecting a return but pleading ip. there is a lot of work being done here that is being done back to the chinese government and there is no way for me to build a scenario out of 20 years at the moment that has an optimistic framing. china, you know, probably heard that data is the next oil and reason fo

that is apples and oranges. the numbers you're using don't make any sense. >> the numbers you see on left-hand side of the screen are from the treasury department. >> the treasury department is run by people who don't have, don't have a clue about real economics. okay. i'm sorry. david: all right. we got to run but i have to ask, when do you think, one thing i have to agree with you on, david, they will be selling a lot of bonds in the market, both treasury and fed. the only way you can sell that many bonds in that amount is by raising interest rates. so i agree with you there. i do believe interest rates are going higher. how much higher and how is that going to affect inflation. >> there is 2 or 300 basis points higher interest rates. that means bondholder, will take, 20, 30, 40% losses. there is going to be carnage in the bond market which will stop this economy short, after a 10-year recovery so-called, that has been webbest in history. the idea that this massive deficit and this tax are or this deficit fina

this out very quickly, neil, the president talked about the massive investments of exxon mobil and apple. that is something that we expect to hear more about as he heads out on the road to get a little bounce from that state of the union address, not just in places nearby, but some places a little bit further from washington. i'll tell you more about that in the coming weeks. back to you. >> neil: i look forward to that. kevin corke at the white house. now, when i was in that wonderful city with kevin last night, the one thing i discovered talking to prominent democrats, they're not sure how to address the tax cuts and the upph they're having and the pay it forward with the companies and workers. $1,000 bonuses and the like. nancy pelosi calling it chump change or cheap. that got sort of a dial back by steny hoyer, the number 2 democrat that told me, well, i'm still not in favor of these things. they do tilt overwhelmingly to the rich and corporate america. but $1,000 is a lot of money and getting that is not just chump change. so that explains the conundrum there. analysts ask how this

this, and don't miss apple and amazon reporting earnings tomorrow. joe: after week tech earnings, the pressure is -- there's a little bit with facebook and paypal. scarlet: that does it. joe: have a great evening. ♪ retail. under pressure like never before. and its connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. alisa: i'm alisa parenti in washington, and you are watching "bloomberg technology." here is a check of your "first word news." a charter train carrying dozens of lawmakers to a republican policy retreat in west virginia struck a garbage truck in a rural virginia in town today. one person was killed and several others wounded. lawmakers said the fatality appeared to be someone on the truck. the chairman of the ho

apple is a great company, if it goes down, that's a buying opportunity. >> there you go. you put money to work in the market, but is unlike anything you've seen. talk relative in the past, how much do you invest in stocks the rally too crazy? what are you doing to stay prudent here >> holding on most things. i bought refinery stocks in frontier -- excuse me, and what was it -- marathon petrolup, and their fundamentals are strong, long term plays. i look at fundamentals, i look whether they pay dividends, and over the past few quarters, they beat mark eed estimates this is what i'm looking at, all refineries, but stay heavy in energy, real estate investment trusts, and mining, so like gold and newman mining are the strongest performers over time >> tom, have you been on bitcoin and block chain? >> no, i did not the way i play it is i owned cme for a look time, a solid stock, quietly goes up every year i figured the way to play was to buy more cme when they announced the buiitcoin futures it's worked well stock's phenomenal the other thing that's nice about that stock is th

. >>> the government has now launched an investigation into apple up dates that slowed older iphones. the department of justice and the secretary investigate whether apple violated security laws and is concerned on the disclosures for the software update. according to sources, investors are concerned with the apple may have misled investors about the performance of older phones apple has said that the update was to smooth out the power demands and prevent older iphones from sudden shutdown as the visteon -- lithium-ion batteries degrade. >> stocks remain flat right now in the dow jones shows it is slightly down on the nasdaq and snp. >> possibly toxic buildings at the former shipyard in san francisco. this is after the navy found a pattern of falls data from the contractor hired to clean up the area. the retesting will slow down the second phase of residential and business development and raise new concerns about people who have already moved into homes in the new neighborhood as well as artist and folks who have lived there and work there for years . >>> to alleged thieves arrested i

like apple is bringing approximately 245 billion back. they're paying approximately $38 billion tax, and they're going to invest that money in this country. up to $350 billion. so but i think expensing is the unsung phrase within our bill that's going to be fantastic. people are really going to go out and do something and seeing it already. thank you, i'm glad you brought up that. thank you very much. >> thank you, mr. president. >> sir? >> john amfenson farm, and we are a very small business from the rest of the people in the room, i'm sure. i have seven employs, and almost immediately when i heard the bill is passed, struck me and i heard somebody is going to give bonuses. that's great, you know. and i decided to do it immediately, the bonuses and pay increases and i felt like a kid that got the new keys to the car. we've got to do something with this, and make the best of it and go ahead with it, so just seemed like the thing to do right away, so anyway, our business is very old, we've been a family business, that's going to be 100 yea

now, roads and bridges are as bipartisan gently and as popular as things like apple pie, mom and pop shops, saying i want to fix roads and bridges. but putting the $1.5 trillion price tag, that's the kind of thing only president trump will get republican tosses possibly get on board. >> thank you so much. good to see you. thanks for being me. let's go to washington. are "the lead" with jake tapper begins now. >>> welcome. we begin with a major development in the russia investigation. one that assuredly will be of great interest to special counsel robert mueller as he investigates whether or not the president of the united states, donald trump, attempted to obstruct justice in the russia investigation. cnn is breaking news about a meeting in december between president trump and the deputy attorney general, rod rosenstein, the justice department official assume vising the mueller probe. sources say that he visit that had white house seeking president trump's support in fighting off dwom

november three there is an apple and i am meanwhile the i find i eat still looks like wally that's fine the i phone seven look like wally the i find i looks like wally we love wally how do you spell that what moment did you think. influencing people can actually hold that title as a social infant so when did you cross the line. for me was a gradual thing i didn't just wake up one day like i'm going to be an influence so i started writing online seven years ago and i guess a lot of people resonate with what i was writing and it was it was an incremental thing and i think i i didn't use the phrase influence myself until people started branding me yes such and i think it's just an easier way to see what i do which is i have a large presence online and i do use my online platform to talk about things that i love and i believe in and so in that sense yes i use the word implicit because i know that i have a large platform and people resonate with some of things that i do so i go to you and you're given what as a follow up what do i get out of the following day i feel a lot of people and i got

. >> how helping out can win you a trip to the big apple and a brand new wardrobe. >> i don't like to shop but i'll help you spend your money on me. with my brand-new vlog. just making some ice in my freezer here. so check back for that follow-up vid. this is my cashew guy bruno. holler at 'em, brun. kicking it live and direct here at the fountain. should i go habanero or maui onion? should i buy a chinchilla? comment below. did i mention i save people $620 for switching? chinchilla update -- got that chinchilla after all. say what up, rocco. ♪ yeeeeaaaahhh!p, rocco. uh oh...a painful sore throat? not now. take cépacol instamax. look! unlike regular cough drops it contains 2 max strength pain relievers and cools in seconds. bye bye sore throat. if thwell, you'd be drowningers, in magma. take cépac instamax. wait, what? hot hot hot hot hot if the earth needs layers, so does your chocolate bar. get layers of crunchy and creamy. hershey's cookie layer crunch. get layered. your toilet is germ-ridden with mineral buildup. clorox toilet bowl cleaner with bleach is no match against limes

apple will cut anticipated production of the i phone x. by half the first report that apple's new plans to build only twenty million units of their latest model the flagship phone broke late monday in november the company had said they plan to. billed over forty million units the i phone x carries a list price of nine hundred ninety nine dollars and holiday sales fell below expectations apple stock fell on the cutback news and has been in decline since january eighteenth although the stock is up year over year by more than forty five dollars. a market moves record after record high over the last year we also see some signs of pullback in selling as we've talked about just a moment ago triple digits first time in two days first time in a year we've seen that and the largest dip in the s. and p. five hundred in five months here with more is actually banks who spoke with chris martenson the c.e.o. and co-founder of peak prosperity dot com. why is seventeen and twenty eighteen have seen record highs for the stock markets but will that continue

they had a chance to offer feedback before the apple became available to the masses and had been using it to chat with grand parents the last two months. >> our world is a technological age. i isn't for everyone but it has definitely been okay for us. >> both facebook and those asking them to get rid of messenger for kids are saying it is up to the family. >>> a good day on put down a social media and go outside. >> with all the sunshine, it feels nice outside. why not get throughout and enjoy it? take a look at this live view from emeryville. look at the bay. it is so gorgeous. and looking at san francisco after such an amazing morning. if you were up early watching the eclipse. now we have all clear skies. it is starting to warm up. we are making some progress here. 59 degrees in san jose. and chen check out santa cruz. it is 65 degrees and heading for the low 70s. here's a look at our temperature trend as we go through the neighborhood. it will be cooling down as we go into the evening. east san jose expected to reach to 67 degrees and 70 in pleasanton and fremont. 66 degrees. a lit

this is the price of apple paper three 2030, paying quarters of a percent per year in swiss francs. you have to pay a premium to own this. it was up at 110 announced anna 101. as one example of the distortions in your world. ira: sure. and when you look at other currencies you have to remember, the funding in this currency matters, for one thing. so it rates are lower than u.s. rates, for example. so the question is, are you willing to buy swiss ranks and make that money? and if you do all the hedges you have to do to hedge of your currency risk you will realize that if you were to buy the swiss franc are only making a little bit less than you are to buy treasuries. so its not as distorted as you might think. cam: ira jersey and tom rick donna from bloomberg. here is the legend of loomis dales area. assuming our economy stays as strong as it seems to be, and assuming that inflation rate gradually climb -- and i suspect there is a slight lag in the then i wouldes -- expect the fed to keep going. the opening question then becomes, how far, how long? does the 10-year go to for? -- does

work for apple? there are two sides to the story, and the democrats with their rebuttal could not really help the situation because you want to bring in a -- i voted for bernie sanders. i would like bernie sanders to be president, thank you. host: a couple callers have talked about jobs and the economy. we will be focusing on that in the last hour of washington journal. here is the president pointing to job numbers and economic numbers during his first year in the white house. president trump: since the election, we have created 2.4 million new jobs. [applause] includingtrump: 200,000 new jobs in manufacturing, alone. [applause] years of trump: after wage stagnation, we are finally seeing rising wages. [applause] president trump: unemployment claims have hit a 45 year low. [applause] something i am: very proud of, african-american unemployment stands at the lowest rate ever recorded. [applause] president trump: and hispanic american unemployment has also reached the lowest levels in history. [applaus

trump's tax plan may start having an impact on wage growth companies such as starbucks wal-mart or apple could use that tax saving money to boost salaries in all donald trump has completed his first year in office with a better school card than predicted by many and consumer confidence is highest levels in seventeen years the question now is if trump's reforms will have a long term positive impact on the majority of americans nicholas o'donovan. we've seen consumer borrowing rise to some of the highest monthly gains in sixteen years due to increased consumer confidence in the economy with borrowing levels rising to nearly thirty billion dollars just last november it's still just been a month into the new year but are we on track to see a continued increase in borrowing levels and consumer confidence let's ask jeffrey small the president of arbor financial and art author of turning financial planning right side up geoffrey thank you for being here household credit has hit a peak of thirteen trillion dollars what do you make of all that and it's good creating debt and probably defaults rig

tim long, just downgraded apple. >> thank you. >>> speaking of apple, the countdown is on. on monday we'll crown the winner of the "power lunch" 2017-18 stock draft. all the way back to april. two stocks to hold to the friday before the super bowl. no trading, swapping and, by the way, dividends didn't count. i'm sorry, kevin o'leary the aforementioned mr. wonderful is at the number one spot. his only holdings, apple and boeing on his heels, todd gordon, the beardstown ladies with facebook and amazon what about tim seymour he made a valiant effort but no playing around. mattel has been treating him like a little baby treats a diaper that's dirty did you make a poopy, tim? the next hours are crucial earnings from facebook, apple and amazon who will walk away the champion? we'll move from diapers to pull-ups find out on monday i have a 3-year-old. i know from which i speak. >> oh, boy. >> it's been a hot january in the stock market but not for general electric straight ahead, we speak to an analyst who thinks ge may not be on the dow much longer speaking of the dow look at th

service business we were just talking about apple. we used to talk about how services was under 10% then it started to stream into the earnings past ten. well boeing is in that same transition now except their customers have to buy the update >> what do you think boeing at these levels >> well i wouldn't buy it. we don't own it, it's great if you do, but it's up over 100%. not as if anyone didn't notice that they were going to have a good fourth quarter. it is up 25% >> you think it was going to be a 5% pop in the stock day quarter? that good? >> sure, why not this is a good day for infrastructure, machinery, capital goods type of stocks and i think that the market is enthusiastic about the big dow names on days like this, but i think it's hard to make a commitment with new money to a stock like that. >> it is up 20% year to date if you think volatility going to come wak and is in the early innings of doing that, you think maybe there's going to be some sort of a correction, are you tempted to take some profits in boeing today >> i'm

. >>> apple is questioned by the government about the slow down of older iphones, both the securities and exchange committee is collecting information from the tech giant and focusing on a software update that made holder iphones slower than usual. it was not designed to shorten the life and has apologized for not being up front about the change. >>> and the moon put on a rare cosmic show, a super blue blood moon rose over the earth, super big and super bright and the total eclipse only visible from the west coast. the next time is in 19 years on january 31st, 2037. >>> health check this noon the flu and other viruses are spreading across the area and confirmed flu cases in pennsylvania and new jersey are rising with total numbers higher than they have been in years. and it seems to be hitting schools harder especially in the nation's midsection and some in illinois, michigan and texas have closed for several days hoping to break the infection cycle but parents and care givers may now be getting sick. >>> philadelphia and its surrounding suburbs are getting a new area code. starting o

apple has just announced it plans to invest a total of $350 billion in america, and hire an additional 20,000 workers. [applause] pres. trump: just a little while ago, exxon mobil announced a $50 billion investment in the united states, just a little while ago. [applause] this, in fact, is our new american moment. there has never been a better time to start living the american dream. so, to every citizen watching at home tonight, no matter where you have been or where you have come from, this is your time. if you work hard, if you believe in yourself, if you believe in you can dream anything, be anything. and together, we can achieve absolutely anything. [applause] pres. trump: tonight, i want to talk about what kind of future we are going to have, and what kind of a nation we are going to be. as oneus, together, team, one people, and one american family, can do anything. we all share the same home, the same heart, the same destiny, and the same great american flag. [applause] pres. trump: together, we are rediscovering the american way. we know that faith and family, not government an

they are known as an apple supplier, 20% of revenue comes from apple. they put up a bullish statement that they expect the fiscal first quarter that in today -- in today is better than expected . it tells us that the company is not out there scrambling on the last day of the quarter to get deals done or compromising on pricing. we put this with the earnings function in the bloomberg. the company has been tracking well into the quarter. this is a three-year chart. white is the stock and red is the street estimate for the first quarter which had been for 95to write around and now -- 495. destocked taking a -- the stock taking a dip today. a relief. precursor for a positive read through for apple who has seen its shares decline? question. a big interesting the idea that we have apple slightly higher today, though on the week, mainly down. down 9% from its recent peak, with concerns around iphone demands. -- with 20%h this of its revenue from apple. even with the announcement, i spoke to a colleague who said the his work suggests that sellthrough to apple f

open the trees and share with other families and as i drive around san francisco i see any trees with apples or mrumdz and lemon trees i can see the food going to waste and brought that idea back to the department many of the trees where the fruit would go to waste we origin or crop and pick other fruits and delivery this to food banks or shelters to people who need them. >> i'm here with nang wong hello nang. >> hello. >> i need to understand house this gleaning work. >> we come and harvest like for example, we'll come over here this is the lemon and plug it like this. >> (laughter). >> made that good, good and ease. >> the trick is how not to hurt the branches. >> like the thing. >> i'm so excited about this. the people are so passionate about where the food goes to the private property owners give us the food they're happy that no of a t is going to waste >> oh. thank you. thank you. again job aura natural >> (laughter). >> from backyards to back lots let's take a look at the food and community bonding at the free farm. >> my idea was to start growing food and giving it away. and getting

but apple has confirmed that the government has requested some information. according to sources, the investigators are concerned that apple may have misled investors about the performance of the older phones. apple has said that the update was to, quote, smooth out peak power demands and prevent older phones from shutdowns as the lithium batteries degrade. >>> facebook paying out of the crypto currency rage. it is banning bit coin and virtual money. they call them financial products and services associated with misleading practices. it expands to instagram as well. they hope to avoid users being scammed from fake offers. >>> and kraft foods is buying its first super bowl but focusing on the real super bowl champions, you and your family. it wants family generated content from people across america. people are invited to upload videos that could be part of the 30-second ad. it will air during the second half of the super bowl. everybody will be watching to see if they made the cut. amazon by the way, pepsi, coke and skittles just some of the company that's ha

are trying to determine if apple violated securities laws. they want to know if the company misled investors about the performance of older phones, in a statement apple said, quote, we have received questions from some government agencies, and we are responding. >>> the last ship to bring slaves to the u.s. may be buried in mud. along the gulf coast. ahead, how the missing piece of american history was apparently discovered. ry was apparently discov discovered. ♪ hillshire farm oven-roasted turkey breast is carefully crafted with nothing but heart and hard work. ♪ the results? well, they speak for themselves. but prevagen helps your brain with an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. i'm trying to manage my a1c, and then i learn type 2 diabetes puts me at greater risk for heart attack or stroke. can one medicine help treat both blood sugar and cardiovascular risk? i asked my doctor. he told me about non-insulin victoza®.

there's another big headline, apple. >> yes. >> under investigation slowing down the iphone. >> yes, so we spoke to tim cook about this a few weeks ago when i spoke with him. the company has been facing backlash over this question of slowing down their phones in order to help with battery issues. now, the doj and s.e.c. are reportedly looking into it. when i spoke with tim cook he apologized and reiterated that apology from the company. >> all right. thank you, rebecca. appreciate it. amy. >>> all right, we move on now to the super bowl and the most closely watched gloved hand since michael jackson's. >> hee-hee. >> nice one there. patriots quarterback tom brady still covering that injured right hand just four days before the big game and t.j. holmes is in balmy minneapolis with more on that. hey, t.j. >> hey, good morning. i'm in training camp this morning, right? well, it's a mock one but this is a spot called the super bowl experience. a million fans expected to come through here over the next few days to test their skills as nfl players. but, yes, as you all say the talk of minne

apple acaba de informar que planea invertir un total de 350.000 en estados unidos, y una de mis grandes prioridades es de reducir el precio de los fÁrmacos recetados [aplausos] [hablando en inglÉs] en muchos otros paises estos fÁrmacos cuestan mucho menos que lo que nosotros pagamos en los estados unidos. y es muy pero muy injusto, esa es lar razÓn por la cual yo le e instruido a mÍ administraciÓn que haga solucionar la injusticia de altos precios de fÁrmacos, una de mis principales prioridades para este aÑo. pablo: sabemos que las encuesta nos han favorecido Últimamente a trump. pero ayer muy buenas noticias para Él. 3 de cada 4 aprobaron lo que escucharon por parte del presidente. 1 de cada 4 lo desaprueba. sin duda muy buenas noticias para Él en su discurso del estado de la uniÓn. satcha: sin duda alguna. pasamos a lo siguiente, momentos que un tercio de la probableciÓn en puerto rico sigue sin electricidad, la agencia federal para el manejo de emergencia anuncia la suspensiÓn de entrega de alimentos y agua para damnificados del huracÁn marÍa. ante la notificaciÓn, u

those are the guys who are most after apple. the downgrade today, they said the day of the iphone being great is finished. >> this is going to market reform today >> where were you at 170 now. the iphones is finished. >>> during the president's address last night the president highlighted the economic growth and tax reform and roll back regulations and looking forward, he emphasized in fr infrastructure as jim says it is one of his top priorities. >> today, i am calling on congress for $1.5 trillion for new infrastructure investment that our country so desperately needs. every federal dollar should be hea leveraged by partnering with state and local government and we are appropriate tapping into private sector investments to fix the infrastructure deficit and we can do it >> all right, we got infrastructure at 1.5 million and drug prices and trade, the era is over. >> the regulations and environmental impact >> he did use the word generate of 1.5 million >> it is not federal money >> if you take a look at u.s. concrete is the be

i have to tack apple stock this morning is up a become. by the way, they are under investigation by the justice department and the scc investigations this about the battery? >>here's what's going on late lt year apple with iphone users saw their older phones os 7 and older slowing down. apple sent out a software upgrade and basically in that software upgrade am a l is accused of not telling users it is because that old aging lithium battery could randomly shut down the phone if instead they sent out the upgrade so theory of that apple was doing this to get consumers to buy a new tone. a better faster phone. and that's not what was happening. as hear too they have batteries in their scc filing to disclosure issue as well. doj is looking at it. apple is apologized given battery breaks and you know discounts on it. but is it good enough. not going to kill them. sure. didn't kill apple last night speech, president outlined a plan a big infrastructure spending plan one and a half trillion over ten years. all right shaw let's, not whether or not

apple slowed down some folks iphones. >> apple has admitted to doing this. it sent software to some phones to slow them down to save battery power after it noticed that some iphone batteries were not performing as well as expected. cnbc says this morning at least two governmental agencies the sec and the justice department are investigating. apple also faces several lawsuits as well. in other news this morning, wall street, boy, take a look at those numbers down 362 points yesterday. one of the biggest losses we have seen, in fact, the biggest loss since may. now, percentage wise the bigger that dow number gets the smaller the percentage. so it's about 1.3% probably. but that came right ahead of the speech on the state of the union. so let's talk about the state of the union. well, the state of the union 4.5 million tweets during that speech, the most ever during the state of the union. i'm sure you were on twitter as well. one guy had a perfectly good day on the stock market was jeff bezos the ceo of amazon made $1.59 billion yesterday. this after news amaz

the fcc is investigating whether apple -- now the probe is in the early stages, but apple has confirmed that the government has requested information from the company. according to sources, the investigators are concerned that apple may have misled investors about the performance of its older phones. apple has said the update was to smooth out, peak power demands and prevent older iphones from sudden shutdowns as their lithium batteries degrade. >>> time is 6:44. walmart is accused by a southern california woman for promoting racial stereotypes -- now, grande claims beauty products for african-americans are locked up inside theft-proof cases while other beauty products are out in the open on shelves. she says she felt humiliated and discriminating against on three different occasions when she asked employees to unlock a beauty supplies and awe spokesperson said they're locked up because they're likely to be stolen. they're asked -- this lawsuit is asking walmart to change their policy and they're seeking damages. >>> i felt i was being treated as a person who might be a thief, even thou

apple will cut anticipated production of the i phone x. by half the first report that apple's new plans to build only twenty million units of their latest model the flagship phone broke late monday in november the company had said they planned to build over forty million units the i phone x. carries a list price of nine hundred ninety nine dollars and holiday sales fell be low expectations apple stock fell on the cut back news and has been in decline since january eighteenth although the stock is up year over year by more than forty five dollars. a market moves record. after record high over the last year we also see some signs of pullback in selling as we've talked about just a moment ago triple digits first time in two days first time in the year we've seen that and the largest dip in the s. and p. five hundred in five months here with more is actually banks who spoke with chris martenson the c.e.o. and co-founder of peak prosperity dot com. twenty seven thousand and twenty eighteen have seen record highs for the stock markets but will t

and they want to find out if apple broke the law. and the doj and fcc and apple have declined to comment on the situation. >>> and facebook is going to crackdown on scammers. it includes ad for systems like bit coin. they said in the promotions for those kinds of products may be deceptive and threaten security. and the news ad policy that facebook call intentionally broad restricts for options and initial coins and it will be on instagram as well. >>> what happened last night that you do not want to miss. and a huge trade in the nfl, which means that three teams will be getting new quarterbacks this spring. ♪ strummed guitar you can't experience the canadian rockies through a screen. you have to be here, with us. ♪ upbeat music travel through this natural wonder and get a glimpse of amazing, with a glass of wine in one hand, and a camera in the other, aboard rocky mountaineer. canada's rocky mountains await. call your travel agent or rocky mountaineer for special offers now. >>> warriors had 20 turnovers and scored 14 points in t

. >> bill: apple, earnings. we'll see how they do. >> sandra: off and roaring. meanwhile president trump touting the booming american economy last night saying all americans will be benefiting from the policies republicans have put in place this year. >> president trump: this, in fact, is our new american moment. there has never been a better time to start living the american dream. america has also finally turned the page on decades of unfair trade deals that sacrificed our prosperity and shipped away our companies, our jobs, and our wealth. the era of economic surrender is totally over. we repeal the core of the disastrous obamacare, the individual mandate is now gone. [cheering and applause] >> sandra: so many stand out moments from last night. joining us now is former white house press secretary sean spicer. thanks for being here this morning. all right. what did you think? >> i thought he did fantastic. i thought the tone was perfect, the use of guests and not just who was there but how they translated into policy was perfect. i think that he had a great ba

trump's tax plan may start having an impact on wage growth companies such as starbucks wal-mart or apple could use that tax saving money to boost salaries in all donald trump has completed his first year in office with a better school card than predicted by many and consumer confidence is highest levels in seventeen years the question now is if trump's reforms will have a long term positive impact on the majority of americans nicholas o'donovan. we've seen consumer borrowing rise to some of the highest monthly gains in sixteen years due to increased consumer confidence in the economy with borrowing levels rising to nearly thirty billion dollars just last november it's still just been a month into the new year but are we on track to see a continued increase in borrowing levels and consumer confidence let's ask jeffrey small the president of arbor financial and arthur author of turning financial planning right side up geoffrey thank you for being here household credit has hit a peak of thirteen trillion dollars what do you make of all that and it's good creating debt and probably defaults

. >> first, apple addressed its issue of slowing down your older iphones. that's not enough to stop a major investigation. >>> plus, swiping citrus. this could be one of the more unusual heists you'll see. >>> sky watch on total eclipse watch. a gorgeous look in the sky and steady work on their part. i'm impressed with the view they're giving us. not just any total eclipse. this is the super blue blood moon. moon. we're going to leave this up moon. weunlike ordinary toothpaste, colgate total fights bacteria on teeth, tongue, cheeks and gums. giving you the confidence of a healthier mouth. colgate total. be totally ready for life. we have one to two fires a day and when you respond together and you put your lives on the line, you do have to surround yourself with experts. and for us the expert in gas and electric is pg&e. we run about 2,500/2,800 fire calls a year and on almost every one of those calls pg&e is responding to that call as well. and so when we show up to a fire and pg&e shows up with us it makes a tremendous team during a moment of crisis. i re

and this is the apple iphone that we were talking about earlier. again -- there's my dog i was looking for -- it's not my dog but that is a cutie. there is this wag dog walking service just raised $300 million from the soft bank fund, i used to pay a neighbor kid about a buck to walk my dog. this guy runs soft bank fund, he is a big spender in silicon valley all of a sudden, there are just dollars streaming out of his pocket. i assume he knows more about investing than i do but he just dumped $300 million into a dog walking service. if you are trying to do a startup you have to talk to this guy because he is just -- everywhere he is handing out money to all kinds of different companies. >> i'm sure his hope is that that company will become the next facebook. >> if one hits, boom, they're gold. >> a good one with wag, a lot of folks use them because we can't get home in time to walk our dogs. thank you very much, scott. >>> happening now that super blue blood moon continues, these are live pictures this time from the griffith observatory down in l.a

last month apple apologized after a blogger unveiled the secretive practice. apple faces several lawsuits claiming they were selling down older phones to boost sales of newer devices. >>> facebook is banning adds for bitcoin and other financial products that may be associated with deceptive practices. the new policy says ads can't promote services such as initial coin offerings which is a way to raise money by selling digital currency that can then be traded. facebook says examples include ads that have phases like use your retirement funds to buy bitcoin. back over to you. >> that's probably good. thank you very much, landon. >>> despite yesterday's downfall the stock market is soaring, finishing 25% higher in 2017, but wages for middle class americans last year went up by 2%. a majority of americans are noticing. according to the latest poll by the pugh ree serew research cen% of americans say the government 60 of middle class earners and 62% of poor americans also think the government isn't doing enough. >>> coming up later today, kari is going to take a lo

meanwhile, apple is facing some new scrutiny. the justice department and the s.e.c. are reportedly investigating whether the company broke any laws when it slowed down older iphones. apple says it only slowed down the phones to prevent battery issues. >>> and insurance stocks are down after amazon announced a health care partnership with berkshire hathaway and jpmorgan chase. the companies haven't revealed any details, but they say the goal is to provide health care for their workers that's free from profit-making incentives. >>> time now for a look at your weather on this wednesday morning. warm, dry, windy conditions have fire crews on alert in oklahoma. a raging grass fire north of oklahoma city burned at least one home along with several cars and forced evacuations in the area. a burn ban was issued for more than half of the state. and looking at today's highs, the northwest won't get out of the 50s. the southwest is going to stay warm. temperatures are above normal in the midwest and northern plains. 44 in chicago today, and it'll be more seasonable today in the

>> it feels a change in particularly apple. though we have seen revenue profit estimates for apple to creep up in the last few months quickly, these tax cut changes certainly seem to have apple with some of their overseas tax holdings. there has been a sentiment about the iphone x paired a sales blocked her death blockbuster that people expected. >> we are a little nervous for sure. just it is a company that over the past couple of years has really been an innovator. homefor instance the assistant product. technological innovations going on right now. there yet.t it really has to be questioned a little bit. are we looking for? the question for facebook is can make you but momentum over the last couple of years? >> the answer of the time. >> facebook is very good at making money. they have a lot of questions on the horizon. you mentioned to nervousness about apple. that is the defining sentiment about facebook now. announcedy just significant changes to the newsfeed that will have maybe an uncertain impact on user engagement and

are also collecting information from apple. the involvement of the s-e-c suggests that the government is analyzing how these changes were a factor to investors. (rebecca) and i'm tracking your morning forecast. what to expect as you head out the door right after the break. (ácommercialá) break. eadphone music sfx: feet shuffling life can change in an instant. be covered when it does... ...with a health plan through covered california. we offer free expert help choosing the best plan for you. and all of our plans include free preventive care. financial help is available, so check for yourself to see what savings you qualify for. open enrollment ends january 31st, so don't miss out. because you never know when life... ...will change. get covered today. life's bleachable moments need clorox bleach. do you like freshly steamed lobster? do you like the word and? then you'll love outback's steak and lobster. back by popular demand, only $15.99. so hurry in now. outback steakhouse. aussie rules. so hurry in now. (james)(darya) welco

work for apple? there are two sides to the story, and the democrats with their rebuttal could not really help the situation because you want to bring in a -- i voted for bernie sanders. i would like bernie sanders to be president, thank you. host: a couple callers have talked about jobs and the economy. we will be focusing on that in the last hour of washington journal. here is the president pointing to job numbers and economic numbers during his first year in the white house. president trump: since the election, we have created 2.4 million new jobs. [applause] includingtrump: 200,000 new jobs in manufacturing, alone. [applause] years of trump: after wage stagnation, we are finally seeing rising wages. [applause] president trump: unemployment claims have hit a 45 year low. [applause] something i am: very proud of, african-american unemployment stands at the lowest rate ever recorded. [applause] president trump: and hispanic american unemployment has also reached the lowest levels in history. [applaus

government is investigating apple over software updates that slow iphones. the justice department and s.e.c. are they said, we have received questions from some government agency and they are responding. >>> the last ship to bring slaves to the u.s. may be buried in mud along the gulf coast. ahead, how the missing piece of american history was apparently discov discovered. hillshiturkey breastroasted is carefully crafted with nothing but heart and hard work. ♪ the results? well, they speak for themselves. but prevagen helps your brain with an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. i'm trying to manage my a1c,s puts me at greater risk for heart attack or stroke. can one mene and cardiovascular risk? he told me about non-insulin victoza®. victoza® is not only proven to lower a1c and blood s but for people with type 2 diabetesul di, victoza® is also approved to lower the risk of major cv ev such as heart attack, stroke, or death. and while n

but of course, she's trying to keep one siri, the apple home pod that's coming out. siri can sends a text so of course she is trying to one up siri or keep up with siri by adding this new feature, so if you have the amazon echo oral election an in any of devices, then you can just ask her, alexa, sends a message, and it will sends a text to who ever you are asking her to text. so pretty cool. personal assistant. >> really alexa in their kitchen? hurry, oh, gohe store. al election, a you can just, yes, text it out. >> i like >> painting nice picture. >> very specific. many sorry. >> grease on your hands? >> well, c or do you have sends a text and like uh-huh, now i have to wash my hands,>> r you're doing on the couch. >> on the couch you should be able tods are greasy. you could be eating the chicken on the couch. >> oh,>> or visiting crisco. >> oh, friend just said hello to us. hello, sir. >> hi,. >> hillary, see you tomorrow. >> that was real nice. >> thanks, hillary. >> he is a mall walker. did alexa now like you were saying will turn on, they have light bulbs, wal