the apple 2 was a huge that it was actually really the 1st usable personal computer the apple 2 always you know i always thought it was magical because you could do almost anything you thought of if he were creative enough the apple to the 1st personal computer designed for the general public the sales are phenomenal it in bodies the computer revolution but it has a serious handicap and the person who has the solution is bill gates was the acro version of basic but it wasn't. completely up to date that was a certain aspect of it that wasn't in there so they began looking around for another version of basic that ran on that ship at the apple 2 used and microsoft was a company that had it so they got in touch with bill gates. with basic microsoft supplies with the apple 2 locks this is the 1st collaboration between bill gates and steve jobs but at the end of the seventy's thanks to the success of the aapl to the spotlight is on steve jobs and then in 1980 they went public so there are all these people have stock that got very rich and it was one of the 1st public companies in the persona

apple tv plus. apple was one of the latest to enter the crowded streaming wars in late 2019 with the service debuting at 499 a month. that low price, analysts think apple tv plus is priced for subscriber gains not mar margins. but anticipation is high to see meetple revenue can expectations across the iphones, wearables and services. expectmore on what to out of apple's earnings on mark,y, we're joined by who covers the company. as much as this company wants to say their wearables are a company, 52% of revenue still comes from the iphone. see numbers do you need to out of hardware and iphone to make sure this meets those lofty expectations we have going into tomorrow? >> first thing, to your point, any way you slice it, this is company, right? you buy the iphone hardware and then everything is built around the hardware. and the air pods are 100% unusable and irrelevant without the iphone. need an iphone to really use either of those products. right,s of services, services, the device, the services t

apple tv plus. apple was one of the latest to join the crowded streaming wars, debuting at four to hundred 90 -- $4.99 a month. it is priced for subscriber gains and not margins. earnings at $1.4 trillion market see anticipation is high to if apple can meet expectations services. iphone and taylor riggs, bloomberg news, san francisco. shery: let's bring in mark gurman from san francisco -- los angeles. we will get more on how the outbreak of the coronavirus in china could affect production for apple? we have seen the main iphone assembler. any idea what is happening there? mark: i would be surprised if they came out and said anything on the opening remarks, will be is asking the ceo and the q&a section. tim cook already said that apple will be donating to relief efforts for the virus. our understanding to this point is that it is unlikely to have a significant impact on the company. they had different manufacturing partners for key components but dual source graphically. -- one entiree's city goes d

front and center, apple aftermath. how the most valuable company on earth might have just saved the market it is 12:00 noon, and this is "the half time report". >> announcer: apple hitting all-time highs on blockbuster results. the number one apple analyst on the street tells us where the stock goes from here the other trillion dollar dow stock, microsoft, getting ready to report after the bell the traders take their position. ge having its best day in more than a year on the back of its numbers. boeing soaring, mcdonald's rallying how to trade them from here. and facebook getting a big upgrade ahead of its earnings today. it's our call of the day the investment committee is ready to go. "half time report" starts right now. >> welcome to post nine at the new york stock exchange. great to have you with us on this wednesday our investment committee here today, joe teranova, pete naj rachlt ian and amy raskin, chief executive officer of chevy chase trust, barron's top 50 investors. after a strong open on the back of some

in this case, apple. taylor: in that conversation, she said 2020 is different from 2016 because this time we are making investments and having a thoughtful conversation about the ways in which facebook can be used for misinformation. then you have a story out that george soros is coming out and saying facebook is conspiring to reelect trump, that they have not done anything to prevent the dissemination of misinformation. your reaction? sarah: this is a situation where facebook is treading carefully because they don't want to upset anyone on either side. they don't want to limit misinformation on facebook because then they would have to decide what is true and false. they would have to be the arbiters of that. zuckerberg says they don't want to have that power. what she was talking about with the transparency with political ad archives, that is useful only to an extent. if people are scrolling through facebook and looking at ads, how many of those people do you think are going to the political ad archives

the apple 2 was a huge that it was actually really the 1st all usable personal computer the apple 2 always you know i always thought it was magical because you could do almost anything you thought of if he were creative enough the apple to the 1st personal computer designed for the general public the sales are phenomenal it in bodies the computer revolution but it has a serious handicap and the person who has the solution is bill gates was the acro version of basic but it wasn't. completely up to date that was a certain aspect of it that wasn't in there so they began looking around for another version of basic that ran on that ship at the apple 2 used and microsoft was a company that had it so they got in touch with bill gates. with basic microsoft supplies with the apple 2 locks this is the 1st collaboration between bill gates and steve jobs but at the end of the seventy's thanks to the success of the aapl to the spotlight is on steve jobs and then in 1980 they went public so there are all these people have stock that got very rich and it was one of the 1st public companies in the persona

the apple 2 was a huge that it was actually really the 1st all usable personal computer the apple 2 always you know i always thought it was magical because you could do almost anything you thought of if he were creative enough the apple to the 1st personal computer designed for the general public the sales are phenomenal it in bodies the computer revolution but it has a serious handicap and the person who has the solution is bill gates was the acro version of basic but it wasn't. completely up to date that was a certain aspect of it that wasn't in there so they began looking around for another version of basic that ran on that ship at the apple 2 used and microsoft was a company that had it so they got in touch with bill gates. with basic microsoft supplies with the apple 2 locks this is the 1st collaboration between bill gates and steve jobs but at the end of the seventy's thanks to the success of the aapl to the spotlight is on steve jobs and then in 1980 they went public so there are all these people have stock that got very rich in it was one of the 1st public companies in the personal

apple pay makes accessories like the apple more essential. right now the apple watches nice to have. you have text messages, and if you like to work out, it's a great tool for that. until apple pay becomes our identity so we can do something like getting on or off the bus, it's not becoming the next device that apple wants it to be. the record quarter we saw for the air pods, and tim cook saying the air pods in the apple watch have some supply constraints. your thoughts on how the air pods can meet the demand would also overcome some of the supply constraints we are starting to see? dan: we saw that in december. in terms of what they sold on no doubt it's a problem but they will have to accelerate production from the air pod perspective. littleing to be a volatile for the wearable side. julie, we are expecting the earnings call to address the question of the coronavirus and the potential impact on apple supply chain there. what are you listening for? thee: i don't follow chinese supply chain to that extent. anytime you have a crisis in a coun

apple is 20% of that one etf can the overall market go up if for some reason ever apple starts to go down? >> ever? yes, i think. >> ever is a long time. >> never is a long time. >> no, i mean, apple seems to be the horse and the court. >> don't disagree. >> for a long time cisco was the proxy for the market. >> ge. >> that was a longer sfiem ago i think now apple is kind of the proxy for the market so widely held retail, institutional. i think that this is good for the mechanic no question. i think we -- to get the market to continue to go higher we need to see facebook and google and some industrials do well also. >> really quick, apple's move was 33% of the performance of the triple qs off the june low which raleddied 30 apple un86% you do the math. i think then you decide what that means for the mechanic. i don't think it's great >> okay. coming up. it's not just apple. a bunch of other big name stocks are on the move after reporting results. we talk about ebay, amd, might even talk about alaska airlines and starbucks. later our call of dat i. what has one analyst so down on beyo

of apple in their portfolio. risk management will come in and say, you cannot own 5%, 6% of just apple. what you will see happening across the board is they will buy up to the limit they can buy, then they will turn around and start buying individual stocks that kind of are in that ecosphere for apple and they will build up their position to kind of create a proxy position for apple. to try to keep up with the overall benchmark. so when apple comes out and reports results, if those results are not great and you already have a parabolic stock, a lot of expectations are built into it, then you will see many names inside of tech correct. not just apple, but many names, because people have been trying to play the components for apple and the suppliers as kind of a proxy to get their exposure. taylor: wonderful. craig johnson of piper sandler, thank you for joining us. and coming up, containing the coronavirus. we will speak to the cofounder of one biotech company racing to find a vaccine. all that next. and if you li

the apple 2 was a huge step that was actually really the 1st all usable personal computer the apple 2 always you know i always thought it was magical because you could do almost anything you thought of if he were creative enough the apple to the 1st personal computer designed for the general public the sales are phenomenal it in bodies the computer revolution but it has a serious handicap and the person who has the solution is bill gates was the acro version of basic but it wasn't. completely up to date that was a certain aspect of it that wasn't in there so they began looking around for another version of basic that ran on that ship that the apple 2 used and microsoft was a company that had it so they got in touch with bill gates. with basic microsoft supplies with the apple 2 locks this is the 1st collaboration between bill gates and steve jobs but at the end of the seventy's thanks to the success of the aapl to the spotlight is on steve jobs and then in 1980 they went public so there are all these people have stock that got very rich and it was one of the 1st public companies in th

in this case, apple. taylor: in that conversation, she said 2020 is different from 2016 because this time we are making investments and having a thoughtful conversation about the ways in which facebook can misinformation. then you have a story out that george soros is coming out and saying facebook is conspiring to reelect trump, that they have not done anything to prevent the dissemination of misinformation. your reaction? sarah: this is a situation where facebook is treading carefully because they don't want to upset anyone on either side. to limitt want misinformation on facebook because then they would have to decide what is true and false? they would have to be the arbiters of that. zuckerberg says they don't want to. have that power -- to have that power. she was talking about the transparency they are ringing to the table. that is useful only to an extent. if people are scrolling through ads, howand looking at many of those people do you think are going to the political ad archives to try to check

services, like apple tv, apple music and apple pay, are contributing an increasing amount to the bottom line. and let's not forget wearables. from a slow start, the apple watch has become the undisputed market leader among smart watches. charlotte gregson from the consulting agency comatch joins me now. good to see you, charlotte. so an incredible end to the year for apple. i think it is interesting to see a diversification of their portfolio and the opportunities that devices like the smartwatch give in terms of wringing new customers into the apple ecosystem. you know, and that helping drive sales across the portfolio. also things like the portfolio. also things like the airpods, apple tv, they seem to be seeing growth in most areas across apple, and this is what they have been really pushing for, isn't it? they have been very concerned, as have others, about the fact that the iphone has really dominated, and yet sales were falling. they didn't have other things going on, et cetera. there was a worry for awhile. yes, i think so, and even with respect to the iphone, i think we are yet

the apple 2 was a huge that it was actually really the 1st usable personal computer the apple 2 always you know i always thought it was magical because you could do almost anything you thought of if he were creative enough the apple to the 1st personal computer designed for the general public the sales are phenomenal it in bodies the computer revolution but it has a serious handicap and the person who has the solution is bill gates was the acro version of basic but it wasn't. completely up to date that was a certain aspect of it that wasn't in there so they began looking around for another version of basic that ran on that ship at the apple 2 used and microsoft was a company that had it so they got in touch with bill gates. with basic microsoft supplies with the apple 2 locks this is the 1st collaboration between bill gates and steve joel but at the end of the seventy's thanks to the success of the aapl to the spotlight is on steve jobs and then in 1980 they went public so there are all these people have stock that got very rich and it was one of the 1st public companies in the persona

chips are leading the way up some of these apple suppliers, we'll be watching them following apple's news meantime chienes stocks bouncing hit hard, now positive for the -- look at the the only sector that is positive for a whole week >> remember, it was this time last year that tim cook talked about the magnitude of the economic slowdown. will he say something about the outlook, that will be a key question t. yesterday, the cruise operator claws back here, this is the name you want to keep an eye on, rye sill jens in home builders, highest levels since 2008 general electric tomorrow, we'll be watching that stock, now up 27%. the dow breaking its five-day streak, with a game. >>> if you're just joining us, welcome to "closing bell." >> the dow and russell 2000 all had a rebound day after yesterday. we didn't get any 1% closes during mys entire ma ternlt leave. s&p rising 1%. >> slipping a bit as we approached the close but all sectors still nicely higher >> tech really a standout, as you say, and the safer staples in utilities also higher, but we're at the bottom of the pack. alaska

then we will have that and the apple earnings. liz: apple earnings and starbucks. connell: yes. liz: looking forward to it. good to see you, connell. see you and melissa at the top of the hour. "the claman countdown" is coming right back. beyond the numbers to examine investment opportunities firsthand, like biotech. because your investments deserve the full story. t. rowe price invest with confidence. doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. tit's great actually, i've been listening to audible. it's audiobooks, news, meditations... gotta go! ♪ ♪ hey! you know, i do think it's weird you've started commuting when you work from home. i'll be in my office. download audible and start every day off right. liz: huawei is claiming a big win against the white house as britain defies the u.s. government's calls to ban the chinese telecom giant from helping to build out the global 5g revolution. could this move that has not made the trump admini

apple music, apple plus, apple tv, but you are right, the coronavirus is starting to be an issue and thatis starting to be an issue and that is why the share price hasn't really rocketed in after hours trading, because tim cook came out and said, look, our expectations for the next year, we have had to put those a lot wider because we just don't know what the impact is going to look like on manufacturing. do you think, as well, he has manufacturing expectations to a great degree? absolutely. he canjust great degree? absolutely. he can just put out this statement and low expectations for the next quarter, because you come up next quarter, because you come up with numbers as strong as this, how do you keep that going? absolutely, so a very easy win for them is to say, look, we don't know how this is going to be, we expect to see a slowdown, and if we don't see that slowdown, absolute bumper numbers for the next quarter. see you very soon. yesterday, at around this time, we heard about the giant glacier in the middle of the west antarctic ice sheet that scientists fear could be beginnng

the apple 2 was a huge that it was actually really the 1st usable personal computer the apple 2 always you know i always thought it was magical because you could do almost anything you thought of if he were creative enough the apple to the 1st personal computer designed for the general public the sales are phenomenal it in bodies the computer revolution but it has a serious handicap and the person who has the solution is bill gates was the acro version of basic but it wasn't. completely up to date that was a certain aspect of it that wasn't in there so they began looking around for another version of basic that ran on that ship at the apple 2 used and microsoft was a company that had it so they got in touch with bill gates. with basic microsoft supplies with the apple 2 locks this is the 1st collaboration between bill gates and steve jobs but at the end of the seventy's thanks to the success of the aapl 2 the spotlight is on steve jobs and then in 1980 they went public so there are all these people have stock that got very rich in it was one of the 1st public companies in the personal

apple sells hardware, devices. it wants to create that network and create that ecosystem and loop you into buying as many apple products as possible. that way, it uses the network effect. for starters, apple privacy is buried, depending on what country you are talking about. apple will complete julie on privacy in china in ways that it would not dream of doing in the u.s. it certainly subject to political pressure in the way different countries regular data and it won't stand up and fight beijing on these things. there are a couple of other problems with apple overlap the problems i see with google and facebook. who gets part part of the innovation pipe? one of the big arguments right now when regulators say the companies are too big, we need to make them, bring them to heal and make them smaller maybe break them up. this is a battle between regulation and innovation. we have to stay big to innovate. i would argue that these companies is foremost among this are implement us. not innovators. implementers. they are i

and i disagree with apple on almost everything but something that apple has said which is absolutely true you cannot create a backdoor into into encrypt that only law enforcement can use the idea of that is crazy it cannot happen so this idea that law enforcement going to have access and no one else will is not true hackers would be able to get it but yes it is also it turns out that there really isn't a security there because unless you don't use the i cloud unless you keep everything on your device which technically if you're a terrorist you might do then. apple can see it and law enforcement can see it and we know in the pensacola case law enforcement did see and now there are a couple of things that struck me here i don't necessarily want to give apple the benefit of the doubt but i will for a minute here now could they have made this decision 2 years ago not announced it publicly because if they announce it publicly that makes them vulnerable because then people who can then people will try to attempt to hack i cloud database and they could get all the information knowing that i

how is apple responding? reporter: well we know that fbi confirmed to fox business they have sent a blette letter to apo help them break into the two iphones that alleged murder had at scene. apple is responding to the question, responded, saying, when the fbi requested information from us relating to this case, relating to this case, a month ago we gave them all of the data in our possession, we will continue to support them with data we have available, apple says they gave all they could. why is this? the phones, apple iphones are encrypted, only way too get in by user with face or pass code, apple claims they can no longer get to people's phones unless it is stored in cloud, this brings up encryption debate between fbi and apple, should digital information be accessible to law enforcement will you see the screen, back in 6 years ago, a very similar dispute between apple and the fbi, over iphone of a man who along with his wife, shot and killed 14 people in san bernardino, in california, that is what you se

the apple 2 was a huge that it was actually really the 1st all usable personal computer the apple 2 always you know i always thought it was magical because you could do almost anything you thought of if he were creative enough the apple to the 1st personal computer designed for the general public the sales are phenomenal it in bodies the computer revolution but it has a serious handicap and the person who has the solution is bill gates was the acro version of basic but it wasn't. completely up to date that was a certain aspect of it that wasn't in there so they began looking around for another version of basic that ran on that ship that the apple 2 used and microsoft was a company that had it so they got in touch with bill gates. with basic microsoft supplies with the apple 2 locks this is the 1st collaboration between bill gates and steve jobs but at the end of the seventy's thanks to the success of the aapl to the spotlight is on steve jobs and then in 1980 they went public so there are all these people have stock that got very rich in it was one of the 1st public companies in the person

md and apple. a investors who are watching apple after the bell have to sift through a lot of different data points. mark gurman joins us from los angeles. gone are the days where we fixate on the number of iphones and the average selling price, isn't that right? mark: that's right, and here are the days we focus on revenues for products other than the iphone. there has been a sea change in how we look at the company, for sure. >> can you tell us about what the big risk factors are? what can derail the love for apple that the market has? mark: the risk factors are basically down to the supply chain, and that doesn't seem like a really big deal to the company. anything there is to say about apple is about how precise they are in backup planning for scenarios like the coronavirus, they do will source everything to where they are sourcing the same component from multiple geographies. even the supply chain risks are taken care of for now. we saw the trade war did not hit them anywhere as hard as people

and i disagree with apple on almost everything but something that apple has said which is absolutely true you cannot create a backdoor into into encrypt ssion that only law enforcement can use the idea of that is crazy it cannot happen so this idea that law enforcement going to have access and no one else will is not true hackers would be able to get it but yes it is also it turns out that there really isn't a security there because unless you don't use the i cloud unless you keep everything on your device which technically if you're a terrorist you might do then. apple can see it and law enforcement can see it and we know in the pensacola case law enforcement did see and now there are a couple of things that struck me here i don't necessarily want to give apple the benefit of the doubt but i will for a minute here now could they have made this decision 2 years ago not announced it publicly because if they announce it publicly that makes them vulnerable because then people who can then people will try to attempt to hack i cloud database and they could get all the information knowing

as apple successfully inoculated itself -- has apple successfully inoculated itself? you saw their guidance. their guidance was wider than usual and they attributed this to the uncertainty of the coronavirus, but that aside, that guidance is higher or at the high-end of the range that people were expecting without the coronavirus coming into effect, so it seems that regardless of how you slice it, they are going to be ok. inl: bloomberg's mark gurman los angeles. thank you so much for joining us. now, we are going to have some more reaction to apple's earnings a little later. right now, in fact. let's welcome baker avenue chief strategist -- who joins us from new york. i want to start with your takeaways from those results from apple. looks to be a pretty solid state of numbers -- set of numbers. >> the report was very strong. i would say that it really shows the robustness of the overall apple ecosystem. however, there are a couple of things, just reviewing through the report, that does raise some questions regarding the management decisions. what are some of those q

i don't think that's an apple that i think we'll see another oil company. him out in such a while valuation and it. down to about $100000000000.00. after or something and i think i think ridiculous especially with the lack of transparency you know ram financial. i think people are chasing. all these. negative. trillion dollars in negative debt now. you know could never guarantee what i feel. is the body is negative you want and hope that the maturity in those months now we're going to change with the pension fund is we should not allowed to buy an instrument a lot will last for the answer and this is just exploitation and it's it's win from saver for savers to the bank we're going to fund many of its own and you know this is. the next ok oh it's going to blow. on and be all over the world civil unless we sense that the reduced wealth in the central bank actions were superheated by lowering interest rates and hundreds of trillions of dollars into. its credit which is now that's a bad day losing money on a negative interest rate bond of course you can still u

, apples, more apples. >> yep everybody's got apple stock. mike khouw has a way to keep the returns coming even when that stock is fully priced. >>> calling all options action fans reach into your pocket, grab your phone, and tweet us your question @optionsaction. if it's nice, we'll answer it on air. ♪ ♪ ♪ can be a sign your feeling digestive systemhed down isn't working at its best. taking metamucil every day can help. its psyllium fiber forms a gel that traps and removes the waste that weighs you down. it also helps lower cholesterol and slows sugar absorption, promoting healthy blood sugar levels. so, start feeling lighter and more energetic by taking metamucil every day. take the metamucil two-week challenge, lighten up. just take metamucil every day for two weeks. available at your local retailer. when it comes to using data, which is why xfinity mobile is a different kind of wireless network that lets you design your own data. choose unlimited, shared data, or mix lines of each and switch any line, anytime. giving you more choice

but apple has the technology to beat that out and make it true that apple is able to have the best technology on ai but also be the most private. people understand there is a lot of encryption and security that goes into effect with the iphone. what you haven't seen as a major privacy breach or anything like that on apple's part, compared to what you may have seen from some of the other internet service giants. all in all, apple is talking a lot about privacy but also backing it up in practice. taylor: mark, 20 seconds here. should we continue to see further integration between all these companies, so that my experience as a consumer is seamless, i could have an ios on an amazon, alexa, etc.? mark: they say you will but i don't necessarily buy it. i think all of these companies are trying to beat out each other. this is going to be a lot of talk and i will believe it when i see it, but i don't think it is going to be at 2020 ces. taylor: bloomberg's mark gurman. thank you for joining us. that does it for this edition of "bloomberg technology." "bloomberg technology" is streaming on twitter. b

you see apple at $300 per share, 297. pulling back at overvalued, overextended or breaking out to a new trading range? >> breaking out to a new trading range. in the first part, you saw stocks had a massive moves and it is a super cycle we are going through. you look at where penetration is, i think a third of those the for few years, that remains five and i think it is continuing to happen on apple and they are starting to come around. look, yourake a price target now, leading the way at $350. after an 86% run-up in 2019, how much of the good news is already baked into the share price in your opinion? >> i think only half of it. we are talking about investors , many not basis believing in the 5g super cycle company thator a to 16 times now breaking out in terms of trading. there's still a lot of haters out there. they will continue over the coming quarters not just i funds -- iphones rocking gibraltar. you get to 350 or north of that as we go into next year. out?at if 5g does not pan what is or downside -- or downside --

i don't think that's an apple that i think we'll see another oil company. in out was such a while valuation and it. down to about $100000000000.00. after or something and i think. ridiculous especially with the lack of transparency you know ram financial. i think people are chasing. all these. negative. trillion dollars in negative debt now. you know could never guarantee what i feel. is if you bought one of these negative you bonds and hold it to maturity it is money now we're going to change what are these companies the pension fund is we should not allowed to buy an instrument a lot will last for the answer and this is just exploitation and it's it's one from saver for savers. we're going once it's on many of its own and you know this is. the next ok oh it's going to blow up and it's not the end well i mean is this isn't the 1st we've. seen is around the world you see the civil unrest that's on. on on the all over the world civil unless we sense that the reduced wealth in the central bank actions reciprocated by lowering interest rates and hundreds of tr

this apple reporting is the most important of this coronavirus period not only because of apple's supply chain and manufacturing in china but also because of their retail presence there interesting to see what tim cook has to say. >> apple is going to be huge of course all the granularity and clarity and color about china. then amd lisa sue will talk to us in the morning talking about the supply chain. and then we will get through e-bay has things heat up. >> people got to watch cnbc. >> tomorrow and thursday two of the single busiest days of earnings season let's get to the judge and the half. >>> carl thanks. i'm scott wapner front and center this hour, markets on edge as two major events impact your money today apple's critical earnings report, the latest on the coronavirus. it continues to spread weaver on top of both. it is 12:00 noon, this is the "halftime report." >>> stocks rebounding from the biggest selloff in three months. but is it safe to start buying again? >>> apple after the bell will earnings today add some relief back into this market the traders take their positions. >

and then leave. >> brian: apple will not do it, apple does not want to give up intelligence. b2 nobody has to know, you're right there. >> brian: if it is an act of terror and national security they should be -- >> jessica: the aclu is backing up on this and saying it's a slippery slope. they go on with pfizer court, if we had kennedy here, she would be screaming about civil liberties and the fourth amendment. >> jessica: harris is exactly right, this is why apple fought the fbi over the san bernardino shooter's phone, they were not going to write specifically to allow the fbi to open it. that is their marketing message, we are protecting your phone, it is also an issue when you create backdoors, you create vulnerabilities in your encrypted products, because you make them less safe and accessible for cyber criminals. i want to point out, apple said, we have cooperated with law enforcement, we have given the fbi a wide variety of information about the pensacola shooter. i could back up, account information, transactional data for multiple accounts. they don't know what's on th

names facebook up 60%, and apple 90. i think there can be a catchup if you feel comfortable with the growth and the earnings then i am willing to stay on board. that's why i can justify facebook and even amazon on the sum of the parts that was only up 17% last year a massive lager. >> can you justify qorvo >> car vo has done nothing for five years it has been around $80 up until october 30th of last year. it was at $80. they had great numbers, surprised. i think it was very underowned for those who don't know they do radio frequency chips that are critical in the 5g build out that being said, 5g is in the infrastructure stage they are out approximating the poles up on most of the street corners. that's going to take most of 2020 if you were in it, you have had wonderful returns. it is a stock to watch is it going to continue on a linear upward path i don't think so i think you take the opportunity. their earnings come out on february 6th off 7th watch it i think it has been underowned. >> i wonder, at what point you get

apple has been used as a redemption tool for large cap portfolios number two, apple is the favorite stock for everybody to hate yeah, they have to own it but they are of a trade. this is about apple's cash and they have more cash on the balance sheet than a lot of states in our country. and the mere fact that people are debating apple right here means that there is not euphoria in the market. and everybody and their mother, brother, sister, uncle, saying buy apple, that is when you have to start to worry. >> wall street is almost saying that i just went through a whole bunch of upgrades whether it is price target bump to 350 for apple, citi called the pick of the decade, that is hyperbole that you just don't hear every day. even some of the consumer names. macy's got an upgrade and it was a complete dog >> complete dog. and here's what i would say. investors on the buy side use the sell side for different things some analysts are good at estimates, some are good at theme, some in the industry and some at stock picks. when you are investing, you use analysts for different reasons so i thin

is already buying 4.5% of apple in the spyders >> the best thing that happened for apple investors, it is up over 100% over one we are and it is also the worst thing. >> if you think it is going down 20 or 30%. >> i am saying it raises the pressure and the bar more so than it otherwise would be going into tomorrow afternoon. >> i understand what you are saying. >> do you disagree >> no, let me say this to you. last week i did an analysis on what they should earn, and i came up with a fair value of $294 i still own some but i trimmed some at 315. that all makes sense here's the point 310 to 294 it is not horrible for the market >> does it decline the other nams i mentioned likely to decline with it. >> amazon sputtered all of 2019 while apple went through the of radio. we have seen disconnects within the fang. >> amazon is one of our higher conviction names because it is trading differently. i think scott to your point inthe biggest concern right now that i have is that the folks in technology names right now are looking to go now. if we are talking about truly buying the dip we need to

but apple was my partner in china, fox gone, apple was my partner in china, fox o apple was my partner in china, fox gone, we are seeing production lines potentially being stopped and tim cook is quite concerned. he expressed that investors wanted to know what apple is going to do, whether it had a contingency plan and the answer was not quite. apple is looking for alternative suppliers in wuhan, they already only had a few supplies there. the slowdown in china generally might affect them, the holiday for chinese new year has been extended and that means production for apple supplies is going to be delayed by a few weeks. so that means apple has to come up with some sort of solution for this. and what it said to investors was we don't know what that is going to mean for our second quarter which ends in march. so they have offered this really large guidance, they said we could be making a large amount of money, they could be making is monitor money, but the uncertainty means we are unable to predict a narrow path does make a smaller amount of money. hong kong has announced plans to slas

apple is shutting one store. as for production, apple supplier foxconn said it has measures in place to meet all global manufacturing despite of the outbreak apple has a factory in wuhan and is considered one of the top five firms exporting to the united states from there apple said overnight it has alternatives even though it has some manufacturers in wuhan. >> we have been talking about manufacturing in china relying on it so much in wuhan and other regions. have we gotten any information about the manufacturing sector they want to keep employees safe >> we have been talking to manufacturers to see what they plan to do it is a mixed bag. some are really concerned about what they are seeing because they need the workers to return to production lines. it is different from services or tech companies where you can work remotely. other manufacturers have said because their order books don't usually fill up until the end of february, they are not too concerned as of right now. the situation is changing quickly. they

own apple. don't screw around with it it's too hard. >> agree 1,000%. >> you can trim it. >> you know what i'm saying. you want to take some profits because of a tremendous gain, so be it. >> it's going higher i added to it before christmas. >> trying to find the sell and the end point on a stock like this becomes unbearably difficult. >> it is the market, scott i'm sorry. that's what i keep trying to say about these etfs sorry about my throat. a lot of it goes to apple. it's the biggest weight. it's 11% in the qqqs, 4.6% in the spiders. the money flow comes to t forget the fundamentals i don't like the multiple. i still own it it's going higher because of the etfs. >> deirdre boeza has a news alert for us out in san francisco, speaking of tech. >> zume is laying off 360 positions accounting for half of its workforce and shutting its r robotic pizza business alex garden tells me while today is difficult, the changes being made will focus the start-up on packaging, an area where they've seen some

everything you need -- apple. everything you need to know ahead of the first quarter report, especially for the stock after it doubled over the past year. all those stories coming up. joining me to break it down, kelly torrance is here, dagen mcdowell and former republican presidential candidate, steve forbes. great to see everybody this morning. >> good to be with you. maria: we have a lot to talk about today. the investigation into the chopper crash that killed kobe bryant and eight others is underway. officials say it appears the pilot may have plunged into the california hillside in an attempt to avoid heavy fog of. kobe's death sparked tributes across the country, with the nba hall of fame inducting him. the h empire state building honored him with gold and purple lights. federal prosecutors are looking to investigate prince andrew as part of the investigation into jeffrey epstein. >> he publicly offered, a press release offered to cooperate with law enforcement investigating the crimes committed by jeffrey e

i don't think that's an apple that i think we'll see another oil company. in out with such a while valuation and it. down to about $100000000000.00. after or something and i think i think ridiculous especially with the lack of transparency in the ramp financial. i think people are chasing. all these. negative. versus trillion dollars in negative debt now. you know could never guarantee what i feel. is if you bought one of these negative you bonds and hold it to maturity in those months now we're going to change whether in this company the pension fund is we should not be allowed to buy an instrument a lot will last for the answer and this is just exploitation and it's it's one from saver for savers. we're going to fund many of its own and you know this is. the next ok oh it's going to blow up and it's not the end well i think it is this isn't the 1st we. will see the civil unrest that's on. you know on the all over the world civil unless we sense that the reduced wealth in the central bank actions reciprocated by lowering interest rates and hundreds of tril

, i am staying long on apple shares and the negative call on apple, raising the price target that to me is like you were wrong right now, current prices they were wrong for 35% and isn't it a little too convenient that they just cut that in half with the new price target to be wrong only 17% for me you havewearables, services above $46 billion in revenue contributor. if at all 5 g is a catalyst or a tailwind the stock will rocket to at least 350. >> a classic mixed message >> yes. >>> after the break we'll head out to the jpmorgan health care conference in san francisco for an exclusive interview with the ceo of novartis. >> and here's a check on bonds treasury yields moving lower today. the benchmark tenure currently yielding 1.81% "closing bell" will be back right after this i can. the two words whispered at the start of every race. every new job. and attempt to parallel park. (electrical current buzzing) each new draft of every novel. (typing clicks) the finishing touch on every masterpiece. (newborn cries) it is humanity's official two-word war cry. words that move us all forward

what about apple tv plus. i asked them about the popularity of the streaming service, can you give us more indications how many subscribers signed up for apple tv plus? he says, look, we don't break this out into individual numbers for you. if you add up all the subscriptions, that exceeded 480 million. talked about subscriptions for the quarter, music, apple care, the rest. they lump apple tv plus with that. telling us that they are now up 120 million, they say subscriptions over the past year. there were some business segment that came up short. i asked him about it. services were a record for the quarter. so they put in some 12.6 billion from what i saw. estimates are pretty high. high expectations for apple. they're still looking at a record quarter but it came up short of the 13 billion that the analysts was forecasting. also, we had ipad sales a little bit short here. this came up short just by a bit. this is tough comparison to the ipad pro that was released last year as well. all in although, strong qu

is not clear about that apple says illegal pot possible potentially illegal activity including child porn why can't they just say child porn why can't they be up front with the technology that they're using and the they don't talk about hashes in their policy they're talking specifically about scanning images i think the word scanning is enough to give people pause and i don't know how that they would be getting in there too you know i'm a technology expert but i don't know how they would be getting in there with encryption unless they're doing it before the images are encrypted now this is all getting a bit you know. nerdy and it's not something that i'm an expert in like your other guest however i will say i'm just simply not buying it these companies are know everything about us they know more about us and continue to want to own and know more about us than that i think even technology experts realize and we just keep giving them partly these permissions because if they all they have to do is say well we're going to like we're going to fight people who are distributing child porn

don't just ask me, ask apple. everyone is familiar with the idea that that -- they flirted in going into this industry and decided against it. fiat has a very small market share in china. that problem will maybe not be solved if they are able to pull off this merger. analysts are confused about what to make of this. >> the obvious first focus on china is obvious given that we have talked about tesla success in the market there in china. i wonder if it is soon enough to catch up to tesla. i would if they think they will be successful there. >> that's a great question. this is essentially two companies that are inexperienced in bringing electric vehicles to market. it raises questions about whether it's too little too late. worth pointing out that there are a lot of electric vehicle ventures and china that we don't hear a lot about because they don't do a lot of volume. they are essentially pumping out compliance cars to allow for --se companies to be able to to hit the tougher emission standards the car companies a

and i disagree with apple on almost everything but something that apple has said which is absolutely true you cannot create a backdoor into into and encrypt ssion that only law enforcement can use the idea of that is crazy it cannot happen so this idea that law enforcement going to have access and no one else will is not true hackers would be able to get it but yes it is also it turns out that there really isn't a security there because unless you don't use the i cloud unless you keep everything on your device which technically if you're a terrorist you might do then. apple can see it and law enforcement can see it and we know in the pensacola case law enforcement did see i don't know there are a couple of things that struck me here i don't necessarily want to give apple the benefit of the doubt but i will for a minute here now could they have made this decision 2 years ago not announced it publicly because if they announce it publicly that makes them vulnerable because then people who can then people will try to attempt to hack i cloud database and they could get all the information

to with in to in encryption for law enforcement apple has refused but now apple apparently has caved in at least just a little bit turns out that apple has dropped plans to let i phone users fully encrypt backups of their devices in the company's i cloud service because the f.b.i. complained that the move would harm investigations according to reuters that decision was secretly made by apple 2 years ago and had not been reported until now in fact the f.b.i. and the department of justice began complaining that apple would not unlock 2 i phones used by a saudi air force officer who shot dead 3 americans at a pensacola florida naval air base wow what turns out did in fact turn over the shooter's icloud back ups in the pensacola case something they could not have done had they allowed for backup encryption and that decision to not move forward with the back of the groups and that was after the f.b.i. had demanded access to the san bernardino shooter's i phone several years ago so. this alternately means is that apple cannot read your device data technically they cannot but they can read

record sales helps apple hit an all-time high. the firm has concerns as well about the impact of the coronavirus. we'll bring you more details after the break. the amount of student loan debt i have i'm embarrassed to even say i felt like i was going to spend my whole adult life paying this off thanks to sofi, i can see the light at the end of the tunnel as of 12pm today, i am debt free ♪ we have no debt, we don't owe anybody anything, and it's fantastic ♪ looking to get your business off to a fast start in the new year? it's go time! switch to comcast business and get fast internet on the nation's largest gig-speed network. plus, complete reliability with 4g lte backup. and, cloud-based security to help protect the devices on your network. greenlight your business in 2020 with fast internet and voice for $64.90 per month. switch now and get a $100 prepaid card when you add comcast business securityedge. call today. comcast business. beyond fast. looking to get your business off to a fast start in the new year? it's go time! s

earnings and iphone sales smashed the street's expectations much apple apple's fastest-growing sector is wearables and the guys are here at post nine good morning >> good morning. >> pierre, we have to do this, you have a neutral on the stock. $275 price target. back in september i think it was stock around $205 and you had a $175 price target and said the reality is margins would be hit by tariffs weak iphone cycle you expected to be historically weak. i have in my notes, look at disney and roku couldn't this move on service lines and the move we stronger based on trade-in incentives? and it was why were you so low on the stock? have you done enough looking where you were wrong to be confident you're right now >> well, i hope so so, jon, the correct software of what we discussed last year is the iphone cycle is not bringing what they did for a generation that's what i got from it. and yesterday was a confirmation of that. iphone 11 was a very strong cycle. it drives customers and people want to replace their phone and want the new iphone. it's difficult to capture but i think you hav

apple hitting all-new highs again. >> we're thrilled to report apple's biggest quarter ever which set new all-time records in both revenue and earnings. >> driving apple's record quarter? first, a big comeback for iphone sales. and then there's this. monster growth in the wearables decision surging 37% year over year the airpods, apple tv, the watch, reached nearly 25 billion in sale last year. put that in perspective. that apple business which basically cannot exist just five years ago now roughly has the same sales as starbucks and visa it is not all wine, roses and airpods. might be clouds on the horizon for apple with the coronavirus delay hedging for fiscal 2q. quote, you can see from the range of guidance that it anticipates some level of issues there. otherwise we would not have had a $4 billion range in that guidance for more, bring in laura martin. i think those numbers fair to say, laura, last night were pretty surprisinging to even some of the more bulls on apple. >> yep apple's a convictionless name and all of it was led by over delivery of iphones, iphone 11 and sisters i