now we're going to see apple without steve jobs. >> so you're shorting apple? >> i'm not shorting apple. i like tim cook. there are a lot of talented people over there but steve -- >> you are apple is going down without steve jobs. that's what you said. i'll say it publicly. >> he's irreplaceable. they won't be nearly so successful because he is gone. >> they are going down without steve jobs. max, what do you think of that? >> thanks for having me. there is ellisson speak and not totally shocking he has a larger than life big ego a founder at oracle and he's warmed his close friend and another founder larger than life steve jobs is not replaceable. i think everyone believes that. the question is is the company worth more than where it's trading today? the answer is probably yes, but in the long term will they regain the share price or momentum or atop the smart phone industry and there i would cautiously if for different reasons agree with larry they won't go back to where they were two years ago. >> you think they can be good in the short term but not great t

even apple responded. they said that, quote, we appreciate the interest and investment of all of our shareholders. tim had a very positive conversation with mr. icahn today. i tweeted out a little while ago that the translation of that is, simply, "gulp." >> and to think this was one time a target of shorts. you had david einhorn in there last year. >> exactly. >> shorting the stock. and now to think carl icahn is calling it undervalued. certainly one to watch today. >> much more coming up over the next couple of hours, i'm sure. also, it's called the hindenburg, and it has the trading floor buzzing, because the omen is back in play right now. so even as stocks are rebounding today, you can find out why some are predicting a stock market disaster is looming. we will look carefully at that coming up a little bit here. >>> and one merger is grounded. look at the stocks of american airlines and u.s. air, both depending on a deal to go through. american airlines down 48%. u.s. air down 11.5%. the proposed merg

what's apple do? send and intern to a bar in the valley who accidently drops off the plans of the next best product. neil: oh, really? >> yes, they do. maybe they should do the same. neil: now you're getting weird. stock's hit, but gold rose 60 bucks an ounce on news the fed would pull back. gary, the fed moves everything, but gold is moving, moving, moving. what do you think of it? >> i think, once again, the ultimate fear index. it's been ising since july, better than anything else, even before the feds started hinting around or people hinted around that they were tapering. gold took off. i think that the deep down, people know this economy stinks, still worried about jobs, still worry about income, and reflected in the gold price. >> look at egyt, the growth that we actually got positive readings from china. that does help the metals, helps gold, slver, platinum, copper, all of them, but going forward, gary b.'s right, the uncertainty factor. that's why you go, a flight to the quality principle. ne

we saw apple with steve jobs, we saw apple without steve jobs. we saw apple with steve jobs. now we're going to see apple without steve jobs. >> rose: so you're shorting apple? >> i'm not shorting apple. i like tim cook, there are a lot of talented people. >> rose: you just said apple is going down without steve jobs. that's exactly what you said. apple is going down without steve jobs. >> okay, i'll say it publicly. he's irreplaceable. i don't see how they can -- they will not be nearly so successful because he's gone. you can already feel it, he made all the decisions. he ran everything. he made every single decision. i know he loved to share the credit and that's fine, but i'm telling you, he made every single decision. i was there, i watched it. for 25 years. he made every -- he decided how you -- how you paid -- how you checked out of the apple store. he decided where things were in the apple store. he picked the colors of the original imacs. sorry no beige was his. a thousand songs in your pocket was his. >> rose: (laughs) i hear you. >> the name "ipad, i tunes, iphone"

apple is apple only. it is not an uncommon thing. then, the downside is that chrome cast so far only works with a handful of apps. on android devices, it works with four apps. four out of one million. they are important apps for video, so it works with net licks, youtube -- netflix, youtube, and google music apps. on the iphone, it works with netflix and youtube. in my test, the reason i gave it a good review was, it worked. old hdtv and an newer one. i tried it on apple products and android products, windows laptops, it just worked. google is to for get more companies to sign on and add that little chrome cast icon to their apps. the challenge for apple might be due up in the top two other companies devices. >> we are talking on the communicators with author mossberg, technologist for the wall street journal. >> c-span, created by america's cable companies in 1979, brought to you as a public service by your television provider. >> next on c-span, and encore presentation from season one of first ladies, and is an image. then, highlig

what's apple do? send and intern to a bar in the valley who accidently drops off the plans of the next best product. neil: oh, really? >> yes, they do. maybe they should do the same. neil: now you're getting weird. stock's hit, but gold rose 60 bucks an ounce on news the fed would pull back. gary, the fed moves everything, but gold is moving, moving, moving. what do you think of it? >> i think, once again, the ultimate fear index. it's been rising since july, better than anything else, even before the feds started hinting around or people hinted around that they were tapering. gold took off. i think that the deep down, people know this economy stinks, still worried about jobs, still worry about income, and reflected in the gold price. >> look at egypt, the growth that we actually got positive readings from china. that does help the metals, helps gold, silver, platinum, copper, all of them, but goi forward, gary b.'s right, the uncertainty factor. that's why yougo, a flight to the quality principle. ne

what's apple do? send and intern to a bar in the valley who accidently drops off the plans of the next best product. neil: oh, really? >> yes, they do. maybe they should do the same. neil: now you're getting weird. stock's hit, but gold rose 60 bucks an ounce on news the fed would pull back. gary, the fed moves everything, but gold is moving, moving, moving. what do you think of it? >> i think, once again, the ultimate fear inde. it's been rising since july, better than anything else, even before the feds started hinting around or people hinted around that they were tapering. gold took off. i think that the deep down, people know this economy stinks, still worried about jobs, still worry about income, and reflected in the gold price. >> look at egypt, the growth that we actually got positive readings from china. that does help the metals, helps gold, silver, platinum, copper, all of them, but going forward, gary b.'s right, the uncertainty factor. that's why you go, a flight to the quality principle.

because of apple. for a company that nobody cares about, nobody thinks has innovation, a leak they're having the iphone 5, that's helping the market outperform here. apple is right near a three-month high. some other ones, western digital, near a historic high. all you need is $70 on western digital. why is it performing? big oil is a drag on the dow. ever since august 1st, when exxon came out, these stocks have been down almost every single day. they're down about 4% since the beginning of the month. that's a major problem. they cannot grow. production levels for the oil companies just aren't there. guys, back to you. >> all right, bob, thank you very much. let's talk about today's market action as we look ahead to this week. joining us is ron weiner, anthony chen, who also, by the way, has a blackberry. vadim from alliance bernstein, and downtown josh brown from fusion analytics. josh, would you be -- what are you doing with this market right now? >> we're in. we think the market's okay. we would act

what's apple do? send and intern to a bar in the valley who accidently drps off the plans of the next best product. neil: oh, realy? >> yes, they do. maybe they should do the same. neil: now you're getting weird. stock's hit, but gold rose 60 bucks an ounce on news t fed would pull back. gary, the fed moves everything, but gold is moving, moving, moving. what do you think of it? >> i tthink, once again, the ultimate fear index. it's been rising since july, better than anything else, even before the feds started hinting around or people hinted around that they were tapering. gold took off. i think that the deep down, people know this economy stinks, still worried about jobs, still worry about income, and reflected in the gold price. >> look at egypt, the growth that we actually got positive readings from china. tt does help the metals, helps gold, silver, platim, cpper, all of them, but going forward, gary b.'s right, the uncertainty factor. that's why you go, a flight to the quality principle. neil: c

we must get to the apple orchard to get apples for the mayor. - to the apple orchard! yum! ♪ - mission: apples. commencing... now! first we need four red apples. i shall count now! one, two, three, four. four red apples! kazow! one, two. two green apples! shapow! now, how many red and green apples are there all together? hmm... i've got it! i must count all of the apples, and then i'll know how many i have all together! one, two, three four... five, six. six apples all together! four and two is six! shapow! [horse neighs] [he gasps] gad-zooks! wha-- hey! horse, you ate my six apples! [horse neighs] what will i do? - alpha pig to the rescue! with my amazing alphabet tools, i can find the letters in the word "apples" and get the apples back! a-b-c, sing with me! ♪ a b c d e f g ♪ h i j k l m n o p ♪ q r s and t u v ♪ w x y and z ♪ sing with me amazing alphabet singing! first we need the letter "a". which one is the "a"? - [kids]: there! - there's the "a"! next, we need the letter "p". where's the "p"? - [kids]: there! - there's the "p"! now we need another "p"! wh

we saw apple with steve jobs. we saw apple without steve jobs. we saw apple with steve jobs. now, we're going to see apple without steve jobs. >> reporter: so you're shorting apple? >> i'm not shorting apple. i like tim cook. i think there are a lot of talented people. >> reporter: you just said to me apple is going down without steve jobs. that's exactly what you said. apple is going down without steve jobs. >> okay. i'll say it publicly. he is irreplaceable. i don't see how they can -- it will not be nearly so successful because he's gone. >> reporter: technology analysts say ellison is right about apple's leadership today. >> perceived as leaders without being perceived as lagers. >> reporter: he says without steve jobs, apple has been on the defensive over mapping problems, accusations of poor labor conditions in china, and competition with samsung. >> he was the vision of the company. he was the guy that created the magic and apple was a magical company. once you remove the magic from a magical company, you have something different but it's not apple. >> reporter: and el

what are we hearing from apple's side of things? >> from apple's side of things? >> yeah. do we have a statement from apple or not? >> i haven't personally received one. >> okay. okay. so what more are we hearing on this? >> well, i think right now it's where we had it before. we've got those two tweets from carl icahn. i'll be listening for a statement directly from apple if there is one. it's an interesting interplay between one of the most valuable companies in the world and the most visible investor and certainly one of the most successful. >> john, i'm also getting. this is breaking news. we do have a statement from apple and that is for those viewing here, tim cook, the ceo of apple did have a very positive conversation with mr. icahn today and he said they plan to speak again shortly so we'll wait and see what they all have to say. >> thanks, jon. >> there has actually been a real strong rally in european markets. new 52-week highs today for spain, netherlands, france, and romania. ireland is the best performing european market year to date so the question is has eu

what's apple do? send and intern to a bar in the valley who accidently drops off the plans of the next best product. neil: oh, really? >> yes, they do. maybe they should do the same. neil: now you're getting weird. stock's hit, but gold rose 60 bucks an ounce on news the fed would pull back. gary, the fed moves everything, but gold is moving, moving, moving. what do you think of it? >> i think, once again, the ultimate fear index. it's been rising since july, better than anything else, even before the feds started hinting around or people hinted around that they were tapering. gold took off. i think that the deep down, people know this economy stinks, still worried about jobs, still worry about income, and reflected in the gold price. >> look at egypt, the growth that we actually got positive readings from china. that does help the metals, helps gold, silver, platinum, copper, all of them, but going forward, gary b.'s right, the uncertainty factor. that's why you go, a flight to the quality principle.

now we're going to see apple without steve jobs. >> so you're shorting apple? >> i'm not shorting apple. i like tim cook. there are a lot of talented people over there but steve -- >> you are saying apple is going down without steve jobs. that's what you said. i'll say it publicly. >> he's irreplaceable. they won't be nearly so successful because he is gone. >> they are going down without steve jobs. max, what do you think of that? >> thanks for having me. there is ellisson speak and not totally shocking he has a larger than life big ego a founder at oracle and he's warmed his close friend and another founder larger than life steve jobs is not replaceable. i think everyone believes that. the question is is the company worth more than where it's trading today? the answer is probably yes, but in the long term will they regain the share price or momentum or atop the smart phone industry and there i would cautiously if for different reasons agree with larry they won't go back to where they were two years ago. >> you think they can be good in the short term but not

we must get to the apple orchard to get apples for the mayor. - to the apple orchard! yum! ♪ - mission: apples. commencing... now! first we need four red apples. i shall count now! one, two, three, four. four red apples! kazow! one, two. two green apples! shapow! now, how many red and green apples are there all together? hmm... i've got it! i must count all of the apples, and then i'll know how many i have all together! one, two, three four... five, six. six apples all together! four and two is six! shapow! [horse neighs] [he gasps] gad-zooks! wha-- hey! horse, you ate my six apples! [horse neighs] what will i do? - alpha pig to the rescue! with my amazing alphabet tools, i can find the letters in the word "apples" and get the apples back! a-b-c, sing with me! ♪ a b c d e f g ♪ h i j k l m n o p ♪ q r s and t u v ♪ w x y and z ♪ sing with me amazing alphabet singing! first we need the letter "a". which one is the "a"? - [kids]: there! - there's the "a"! next, we need the letter "p". where's the "p"? - [kids]: there! - there's the "p"! now we need another "p"! wh

what's apple do? send and intern to a bar in the valley who accidently drops off the plans of the next best product. neil: oh, really? >> yes, they do. maybe hey should do the same. neil: now you're getting weird. stock's hit, but gold rose 60 bucks an ounce on news the fed would pull back. gary, the fed moves everything, but gold is moving, mong, moving. what do you think of it? >> i think, once again, the ultimate fear index. it's been rising since july, better than anything else, even before the feds started hinting around or people hinted around that they were tapering. gold took off. i think that the deep down, people know this economy stinks, still worried about jobs, still worry about income, and reflected in the gold price. >> look at egypt, the growth that we actually got positive readings from china. that does help the metals, helps gold, silver, platinum, copper, all of them, but going forward, gary b.'s right, the uncertainty factor. that's why you go, a flight to the quality principle. ne

it is amazon, apple, google, facebook. what we're going to witness over the next ten years is a plat out war between the four of you for the future. how do you see that? >> i mean people like to talk about war. you know -- >> and conflict. >> there are a lot of ways in which the companies actually work together there are real competitions in there. but i done think that this is going to be the type of situation where there's one company that wince all the stuff. >> but you're already getting in each other's businesses. >> yes and no. >> there is something called google plus. >> google i think in some ways is more competitive and certainly is trying to build their own little version of facebook. but you know, when i look at amazon and apple, when i see companies who are extremely aligned with us. and we have a lot of conversations with people at both companies just trying to figure out ways that we can do more together. and there's just a lot of reception there. i can't think of an apple product or amazon product that i loo

apple is not broken. apple may be taking a break. >> do you remember block buster? do you remember time warner? >> time warner. >> right now. he said right now though. right now is calls this year. >> same tactics. is it working now simply because he's hitting cash rich companies? >> dan, thank you for joining us. be back here again tomorrow. we'll see you tomorrow. right now it's time for "squawk on the street." >>> good morning and welcome to "squawk on the street." i'm david faber with jim cramer and scott wapner live from the new york stock exchange. carl quintanilla has the day off. futures holing on to their losses after earnings, well, an earnings miss for may macy's and wholesale prices were flat for july. ten-year note yield is worth noting at this point as you can see there. 2.71%. yeah. let's move on to europe. second quarter gdp data indicating eurozone emerge by recession. in and also some growth in france. and that gets us to our road map which starts with a rare miss for macy's. shares of the department store are falling in the pre-market. the ceo say

are you buying apple? >> that is a good question. we have been in apple for years. we have been in apple and our activist strategy for at least two and a half years. liz: you are happy today because the stock is up about five and a half% after he tweeted and then confirmed to me on fox business just about 39 minutes ago, on the phone. he said, we are there and think it is highly undervalued. you have to be thrilled. >> i'm happy that he thinks that apple is undervalued, but, you know, winning in terms of following activists, disposers or hedge fund disposers generally is really about being consistent, not falling anyone manager, diversifying your wrist to my being automated, managing the down side. it is more than just about karl and pple. liz: but it's also about chicago rivet. >> correct. liz: how has that done? >> i think you're referring to cbi. and it we into that position the quarter after heated, and it has been very profitable. i think it is up 50, 60 percent since we started the position. liz: up now another full percentage point today. but how do you work?

take a look at the apple chart. it bottomed at the end of june so that's pretty precarious time lg ing in terms of what carl icahn has been doing. it's hitting the bottom and has been up large since then. so no apple holdings for carl icahn, but a giant jump in dell. he also liquidated his position in electricity and he was adding slowly to a position in cdr energy, where he is in a contested situation there, melissa. >> thank you very much, kayla. >> i don't find it peculiar carl icahn didn't start buying apple until q3. he's a stradtrader, a smart guy. it's a very liquid stock. he wanted to see what the print looked like, what the guidance was like. >> coming up next your cnbc play-by-play is coming up and get a haed start on the day shaping up to be among the top. straight ahead. my doctor and i went with axiron the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women

blaming apple. >> yes. it's interesting. you know, apple released it's find my iphone app in 2010 to great reviews but a union city woman says not only did it not work the way she expected but thieves were able to thwart it. denise gomez remembers her years at n.high school in oakland her friends got together in portland for the wedding of one best friend from high school. unfortunately, the trip took a sour turn. >> while out i got pickpocketed someone took my iphone out of my pocket. >> she acted her alert and posted a message asking anyone who found to it call her, she never received a call but did hear from apple getting this confirmation the phone had been repaired in a store the day after it was stolen. she suspects the thief man wrathed to disable the find my iphone features by taking it to a apple store having the technicians there wiping the phone clean. including the find my iphone feature. >> that is a miserable failure on the company's part. the company knows how to do this better. >> that is joe ride jout. he sa

the upward spike began yesterday for apple. karl icahn had taken a large division and apple. he felt it was extremely undervalued. i spoke with him yesterday. he said, yes, we are in. we know that it is apple. it has already made more than $60 million. violent clashes between the military and supporters of the muslim brotherhood over and egypt. egypt stock exchange, lowe's today. today's the country's index dropped about 2%. we will, of course, watch it all night and tomorrow. we have breaking news for you. just about an hour and a half ago, there were some unscripted comments. the market immediately took a dive. let's go to peter barnes in washington. peter: we have more fed speak on when the fed should begin tapering. it has been a big issue for investors. he will be giving formal remarks in a speech on monetary policy which we expect will cover some of this. he will push again to wait on dialing down quantitative easing. he said "inflation has been running very low. i have been concerned about low inflation. he said it is important for fed credibility to hit that target th

we saw apple with steve jobs. we saw apple without steve jobs. we saw apple with steve jobs. now, we are going to see apple without steve jobs. >> so you are shorting apple? >> i liked him. >> apple computers. >> days before the premier of jobs, depicting the rise and fall of apple's cofounder, tells charlie rose that the company and current ceo lost its core when it lost jobs, his best friend of 25 years. >> i'll say it publicly. he is irreplaceable. i don't see how they can -- they will not be nearly so successful because he is gone. >> technology analyst, rob, says ellison is right about apple's leadership today. >> being perceived as leelders. >> apple has been on the defensive over mapping problems and competition with samsung. >> he was the vision of the company. he created the magic and apple was a magical company. once you move the magic from a magical company, you have something different, but it's not apple. >> and ellison admitted he's not the same larry ellison either. the ceo told rose, he's mellowed. >> i'm not angry, but i think i'm as competitive as i ever was

carl icahn making a move on apple. yes, apple. can he buy enough stock to make waves in a company of that size? we have more on that story coming up here. >>> it was once of the world's biggest company, and now one of the biggest corporators is about to get installed. >>> and reality tv. wait until you hear what "pawn stars" co-host rick harrison is driving his show's popularity. stick around. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. all on thinkorswim. lecoca-cola is partneringg. with nashville parent and charlotte parent magazines, along with the mayors of those cities, in the fit family challenge. a community wide program that offers free classes that inspire families to get out, enjoy moving together, and even track their activity online. it's part of our goal to i

angie: apple a-peel. all of a sudden we're hearing tweets from carl ichan that he's buying more shares of apple. he sees the stock going to $700... george soros doubling down on his position. what do you do with apple now? is it a buy? does it have more appeal? andrew: i'm obviously going to say apple is not a buy right here. however it is too strong to short, even today with the s &p 500 down 23 points, apple's actually up. hitting or lingering around this 500 level. this might be every time it sells off is a buy instead of everytime it rallies is a sale... alan: so you're changing sentiment at least? andrew: short-term sentiment. it's bullish, ok? short-term sentiment. alan: this is the first time we've been to 500 since january, but the risk-reward's no longer there. we've already rallied $120 off the lows. the midpoint is about 550. 580 is the target... andrew: no chance it gets to 580. period. alan: that's only 15% higher. there's better plays in this space--- andrew: google. alan: ---look at crus an

blaming apple. >> yes. it's interesting. you know, apple released it's find my iphone app in 2010 to great reviews but a union city woman says not only did it not work the way she but thieves were able to thwart it. denise gomez remembers her years at n.high school in oakland her friends got together in portland for the wedding of one best friend from high school. unfortunately, the trip took a sour turn. >> while out i got pickpocketed someone took my iphone out of my pocket. >> she acted her alert and posted a message asking anyone who found to it call her, she never received a call but did hear from apple getting this confirmation the phone had been repaired in a store the day after it was stolen. she suspects the thief man wrathed to disable the find my iphone features by taking it to a apple store having the technicians there wiping the phone clean. including the find my iphone feature. >> that is a miserable failure on the company's part. the company knows how to do this better. >> that is joe ride jout. he says all ma

an apple product. yeah, we'll tell but it. >>> speaking of apple, none of it would exist without steve jobs. it's been said his life is like a hollywood tale. we'll see if that's true when the movie "jobs" opens up today. one of the closest associates will weigh in on the man and the movie. stay with "closing bell." we're back in a moment, friday afternoon, outside wall street. d preserve the point... before a credit solution was used to expand their business... before trusts were created for their grandkids' educations... they chose a partner to help manage their wealth... one whose insights, solutions, and approach have been relied on for over 200 years. that's the value of trusted connections. that's u.s. trust. license and registration please. what's this? uhh, it's my geico insurance id card, sir. it's digital, uh, pretty cool right? maybe. you know why i pulled you over today? because i'm a pig driving a convertible? tail light's out.. fix it. digital insurance id cards. just a click away with th

apple, carl icahn, welcome home. apple trust owns its. at&t should come down because there's so much competition from sprint. duke energy is good. we have telco, oil, tech, it's terrific in beantown. stay with cramer. [ male announcer ] it's time. time to have new experiences with a familiar keyboard. to update our status without opening an app. to have all our messages in one place. to browse... and share... faster than ever. ♪ it's time to do everything better than before. the new blackberry q10. it's time. to experience the precision handling of the lexus performance vehicles, including the gs and all-new is. ♪ this is the pursuit of perfection. we're cracking down on medicare fraud. the healthcare law gives us powerful tools to fight it... to investigate it... ...prosecute it... and stop criminals. our senior medicare patrol volunteers... are teaching seniors across the country... ...to stop, spot, and report fraud. you can help. guard your medicare card. don't give out your card number over the phone. call to report any suspected

apple will never be the same. sharon chen has been interview that was on cbs this morning. >> days before the premiere of jobs, oracle said the ceo lost its core when it lost jobs. >> he was brilliant. he was our edison, our picasso. >> what will happen? >> we already know. we conducted the experience. we saw apple with steve jobs and without and with and now without. >> so you are shorting apple? >> i think there are a lot -- steve is irreplace i irreplaceable. he will not be as successful because he is gone. >> reporter: they are right about the leadership today. >> i am being perceived as liars. >> reporter: they have competition with samsung. >> apple was the magic. when you remove the magic you have something different but it is not apple. >> reporter: the oracle ceo has mellowed. >> a certain venn ear venear of charm. >> you can see the entire interview on cbs in the morning and find out what ellison thinks of google. >>> one of the most av -- affluen and poorest neighborhoods and parking. >> reporter: we ar

check out this daily chart of apple. just as broaden measures the size of past moves and runs into the fibonacci filter she measures the amount of time between past highs and lows and multiplying the results by the same fibonacci ratios we talked about earlier. to give you an idea of how this works the last big rally in april lasted for 87 days. okay. 87 trading days. keep these numbers in mind. i put these two up there. 87 days from may of 2012 to september of the same year. okay? when you multiply 87 by 1.618 -- remember, that's a key fibonacci ratio, you get 142 days. that's one fibonacci time cycle and apple would decline in 142 days. that's where it stopped. i mean, can't make this stuff up. it's just too right too often. well, broaden made a whole bunch of these and she found a cluster of seven different time cycles and suggests testimony come to the end between april 28th and april 3rd -- 141 days after the move down started. one day short of the target we talked about. however, all this happened months ago. but t

apple was designed around steve jobs unique skillset. each person was selected to do things, including tim cook that steve jobs didn't want to do. steve jobs is gone. they didn't backfill him. they put the guy in to do stuff steve jobs didn't want to do as head of the company. it isn't working well. you like having the mechanic drive the car and you won't win races. >> he sees shares valued $625, apple shares, calling for initial share buy back from carl icahn. is this interesting about the timing of carl icahn coming in today after ellison made the disparaging remarks? >> stock has been on the march for weeks now. lori: good point. >> probably people knew he was in the market amassing this stake which may be over a billion dollars. he is looking, kind of can't lose. it is season of the year when new iphones will come out and new ipads, supposed to happen next month of the he is leaning into strength saying now is my time to buy into this rally and then also get a platform to make some suggestions. lori: rob, what is your take on why car

of ourfirst half conversation we talked about apple and apple products. a freelance technology reporter asked this question, is it just a matter time before the internet becomes the primary platform for tv delivery and what about cable? >> i do think it is a matter time before the internet comes a primary platform but i do not think it only has to do with apple. we talked a little more about google in that discussion. microsoft is a big player through the xbox which is largely thought of as a game machine but by some accounts has more usage for watching things like netflix will stop -- netflix. the companies that do internet- based tv and that includes the , theywork of themselves are now producing their own shows. -- set hereow say in washington on netflix called "house of cards," taken from a british tv show about an unscrupulous senator in the power game in washington. you cannot get that through your cable company. you can only get it through the internet. if can get it on your tv set the tv set itself or some device you have can connect with the tv s

>> i think apple really has the empire. biometrics is going to be the big thing for technology and smartphones, and you're going to see other people copy that. >> so you're still confident that apple can innovate. what about blackberry? are they going on private sale? do you think that is likely to happen and who could possibly be in the market for them? >> i think blackberry eventually will go private. we have seen speculation that investment firms are going to take the company private. there are also -- there is also talk to companies like microsoft or lenovo could bring blackberry into their fold, but i don't think that will happen anytime soon. >> we have to leave it there, but thank you so much. u.s. stocks took a pounding today, their biggest two-day loss since june. will asian markets follow suit? >> caffe will tell us what is happening, including the latest reports from some of china's biggest tech companies. kathy joins us live from hong kong. hello. >> it has been a flurry of big earnings announcements here, one a

pop the last apple in. >> o.k. >> come on, let's do the last apple. throw it in as well just to complete this beautiful nitrate-rich, wonderful, nutritious juice. it's a concoction i've got to tell you. yeah, you usually have it. charles, to be honest, i know you want this, but you usually have this, all right? this is something i just want to try for a second here to make-- you know, i'm just saying. >> all right, charles, you're going to beat me up. you're stronger than i am, so you can some of that back. o.k. that is absolutely delicious, loaded with nitrates. >> i have to tell you. now listen, especially gentlemen, you have to be careful that you don't take too much because the effect is said to last 24 hours. >> 24 hours? i've got to say it has-- hand on heart-- been a genuine, genuine pleasure to have met you. >> ladies and gentlemen, dr. charles eugster. [cheering and applause] come on. >> announcer: coming up: get some life-changing advic from leading experts on nutrition and natural healing. stay tuned. [♪...] over the past 30 years, our fa

government sticking up for apple. liz: by the way, samsung has a ruling, very he said, she said, apple slammed down on one, but on other, samsung had rulings not in its favor. >> definitely. they have not done well in europe in similar cases, the standard essential patent here is kind of called into question whether it's essential, but the -- there's fighting in many countries, and samsung's taking more licks than apple lately, and that could be bad to the bottom line. liz: do we have a window into the administration's future decisions on intellectual property decisions? >> well, it suggests they are ready to step up to the plate and make a push to rape in a system that, i think, some of have gone out of control. particularly, when a small piece of a small component of a technology can be used, arguably, to block the entry or continued sale of a product all together, even when the piece of the product at issue is small. liz: when a small company has an idea of its own, and, clearly, it's obvious that apple is very ori

he's not likely to have 5% of a apple. we would analyze the situation and catalyst and make a decision. >> if it's up 5 or 6%, that's less important than what's happening with the stock? >> absolutely. the average situation is up 2.5% in one day we never get. average holding period is 15 month and there's a 16% outperformance. >> 2.65% is the -- >> one day bump. >> on news this investor filed a 13-d perform. >> and a 15-month peter, and it outperforms by 16%. so negative .9 for the s&p 500. >> we got to go to the most interesting d situation in quite some time, jc penn ji. >> it's in dive. >> is it possible we see him shift from a d to a g which allows him to be more flexible in closing sales if that's a decision that he makes? >> i don't think he could -- he could switch to a g. i think he could sell at some point. he has broad information, he'd have to wait for a window. as long as he's under 20%, he could switch to a g work and more leeway to sell without having to report it. >> i'm confused how you choose your horses h

you know, jim, i know you think it's good for both to do this, for apple. good for apple. good for the consumers. face it, you've been in the car business for a long time. the margins are much better for the used cars, if you take the trade-in from that consumer, bringing that car in. isn't it going to be the same thing for apple? and i going to get a good deal as a consumer walking in the door with an old iphone looking for a new iphone? wouldn't i be better off going to ebay or someplace else to sell that old iphone first? >> absolutely not. not a warrant. not a certified product or a reconditioned product backed up by the apple corporation. just like in the car business, when you buy a certified vehicle from one of our pre-owned lots -- >> you're look at the guy that's walking in to buy that used iphone, but i'm talking about the guy, i have an iphone. i want to sell it. someplace before i buy the new iphone. am i going to get a better deal from apple's used deal or get a better deal by selling it in a private party transaction? >> you may get a slightly -- slightly mor

so that's what's in the apple, right? but we want to unlock the goodness that's contained that apple and nothing could be easier with the new fusion juicer. [soft whirring...] >> wait, you just turned that on. >> yeah, i've turned it on, you can't hear it. it's one of the key things. >> you can't even hear it. >> well, you don't want to wake the neighbors or the kids up, right? >> right. >> o.k., whole apple, going in as it is-- i'm not chopping it, i'm not peeling it and i'm getting-- now the reason why it's so quiet, we have a low-induction motor, all right? we can see the juice being made as well-- that's important in terms of the nutri... we don't want to create heat friction. we want the best quality juice that we can possibly get... >> and look at that... >> you can see the juice being made as well. >> color, i love seeing it going around in here too. >> this is real juicing. and look at that. i want to turn it off but it's still juicing, you know, that's the thing. >> get every last drop. >> this is the key, it ext

in the apple pro, you surrender your old phone in exchange for a new apple iphone at a reduced price. this should help apple sell more phones because even people who aren't eligible for upgrades can. cnbc's john fort first to report this, that it's going live this morning. there is nothing about the program on apple's website or in stores, but we trust john all the way. unfortunately, with this brand new news, we can't give you any figures, like how much your iphone 4 will fetch you, but we are guessing it's at least more than $100. you can certainly walk into an apple store and find out as the program ramps up. >>> speaking of apple phones, you don't want to have missed our gadget friday this morning. it's on nbcbayarea.com, if you want to check it out. truly one of the most shocking iphone cases you will want to see. back to you. >> he is not like. you should check it out. the iphone turns into a weapon, a stun gun, pretty cool. >>> california law says texting and driving is illegal, but texting someone you know is driving can soon be illegal as well. a new jersey court recently rul

apple's been a good example, as we think apple is going to come out with things, you see the price come back. if we think apple's not going to come out with product in the near future, the price has fallen off. so innovation for these large companies. it is going to move the needle. it takes a lot. and it's very hard for the larger companies to always be innovative. >> so technology basically has been lagging in the group, lagging the s&p 500. as you mentioned, it's a lot of large cap companies like microsoft, intel, dell, hp and even apple until the last couple of weeks that haven't been performing terribly well this year. so take me off the beaten path and tell me some companies that might be a little smaller that i might not have heard of that you like at these prices. >> well, i'd be grad to. one is alliance fiber optic. as a matter of fact, today, it split 2-1. this is a company that concentrates on the optic, broadband world. google plays in this world, too. but they deal in the final mile to the house type part of the optic network. and they've had tremendous growth and innovatio

pop the last apple in. >> o.k. >> come on, let's do the last apple. throw it in as well just to complete this beautiful nitrate-rich, wonderful, nutritious juice. it's a concoction i've got to tell you. yeah, you usually have it. charles, to be honest, i know you want this, but you usually have this, all right? this is something i just want to try for a second here to make-- you know, i'm just saying. >> all right, charles, you're going to beat me up. you're stronger than i am, so you can some of that back. o.k. that is absolutely delicious, loaded with nitrates. >> i have to tell you. now listen, especially gentlemen, you have to be careful that you don't take too much because the effect is said to last 24 hours. >> 24 hours? i've got to say it has-- hand on heart-- been a genuine, genuine pleasure to have met you. >> ladies and gentlemen, dr. charles eugster. [cheering and applause] come on. >> announcer: coming up: get some life-changing advice from leading experts on nutrition and natural healing. stay tuned. [♪...] over the past 30 years, our f

. >>> fans of apple products are not going to like. apple will never be the same. sharon chen has been interview that was on cbs this morning. >> days before the premiere of jobs, oracle said the ceo lost its core when it lost jobs. >> he was brilliant. he was our edison, our picasso. >> what will happen? >> we already know. we conducted the experience. we saw apple with steve jobs and without and with and now without. >> so you are shorting apple? >> i think there are a lot -- steve is irreplace i irreplaceable. he will not be as successful because he is gone. >> reporter: they are right about the leadership today. >> i am being perceived as liars. >> reporter: they have competition with samsung. >> apple was the magic. when you remove the magic you have something different but it is not apple. >> reporter: the oracle ceo has mellowed. >> a certain venn ear venear of charm. >> you can see the entire interview on cbs in the morning and find out what ellison thinks of google. >>> one of the most av -- affluen and poorest neighborhoods and parking. >> reporter: we ar

yes, apple. apple had its second best day of the year, up 5% after icahn tweeted tuesday afternoon he's bought a sizable stake in the iphonemaker and had a friendly chat with ceo tim cook about increasing stock buybacks. we have been asking you, is following a big activist investor like carl icahn a smart investment strategy. jeff tweeted, he doesn't follow big activists. most profitable moves may be behind scenes before the public knows. playing catch-up is not good. keep your responses coming here on "worldwide exchange." i appreciate every tweet i get. get in touch with us, by e-mail at worldwide@cnbc.com. or via twitter @cnbcwex or direct to me @carolincnbc. >>> remember, we did have the boe minutes and we had the jobless numbers for the uk out a few minutes ago and saw the surge in sterling against the dollar. it has come back down a little bit. it is only up by .2% now. it is -- it was up by as much as a third of 1%. this is after the boe minutes showed an unexpected split vote in terms of

apple denies the accusations and had asked the judge to put a ruling on hold while apple appealed. she refused. she could impose a five-year ban on apple making deals with publishers. >>> meanwhile, u.s. trade officials banned the import and sale of some samsung products saying some of the company's devices infringe on apple patents. the international trade commission said the violations involve two apple patents; however, the agency cleared samsung in four other patent disputes, comes less than a week after president obama overtraded a ruling ban something apple products because they infringeed on samsung's patent. >>> after the break, this bay area millionaire met the president and was a guest on oprah. now, the jaw-dropping domestic violence charges against him. and how the crime was caught on camera. >> and then, a bay area starbucks is the center of a lawsuit. the illegal activity that one woman claims has been going on there for years. >> and a little morning drizzle may kick start your weekend. the things are warming up. coming up in seven minutes, when sun and warmer temper

apple's lineup will take a bow in a month. the market will be even more crowded at the end of the year for new blackberry phones that don't seem to be catching on as many hoped. >> blackberry's got a tough situation on its hands. it's a lesson that all developers ought to pay close attention to, which is that markets change really fast. and only the paranoid survive. >> the question is whether paranoia will help blackberry at this point. going public could be a good option. trying to go private comes with risks, just ask michael dell. the uncertainty around that kind of transaction could send blackberry's fortunes spiralling. whatever they choose to do, the clock is ticking. the biggest buying season for smart phones starts in about six weeks. for nightly business report, i'm john fort. >>> coming up a little later in the program, what are the barning signs that a company you even is in trouble and falls out of favor on wall street. we'll get answers from a successful business strategist. >> the technology blog, all things dig

let's talk about apple. i'm just waiting for my apple story. samsung shareholders have shrugged off the international trade commission's ruling on friday that will ban some products in the u.s. that's largely because it will likely apply to older models like the galaxy "s" and tab 10.1. plus samsung has hinted it's already making changes to keep more gadgets on the shelves. and if the white house doesn't strike down this decision in the next 60 days, samsung says it will appeal. >>> joining us now from singapore is a.j.sunder. a.j., thank you so much for joining us today. so how big of a setback is this really for samsung? we don't really know which specific models are affected, do we? >> you're right in that we don't know which products are impacted by the ruling. if you ask me, i don't think samsung will be greatly impacted. fundamentally what the ruling states is that there are certain patents which samsung would have violated, and most of these would be referring to older models. even if samsung would need to stop selling these older models