a historic run for tim cook. if you bought shares, you would be up more than 1,000% and a few other faang names. here with a look at the legacy he's already built is josh lipton josh >> there are fewdifferent financial metrics we can use to judge tim cook's performance one would be the stock price as you mentioned. apple named tim cook ceo on august 24th, 2011. since then apple stock is up more than a thousand percent that's versus a gain of about 280% for the s&p 500 revenue is growing more than 150% to 274 billion through fiscal 2020. apple's market cap skyrocketing from 346 billion to nearly 2.5 trillion and net cash position of 72 billion, dividends paid at nearly 103 billion and counting. adding to this performance, think about who tim cook had to take the baton from here steve jobs himself american icon, a creative visionary who could take this stage and wow an audience. cook has been clear here he didn't try to be the next steve jobs instead, he focused on being the best version of himself, he says, and an

has tim cook uniquely been able to do here? >> i think that's a good starting point in my humble opinion, what he's done has become the world's greatest ceo that's part of his accomplishments, part of steve jobs a thread that gets overlooked, one of steve jobs' greatest legacies is the handoff, the blueprint for all corporate handoffs steve, of course, laid the groundwork, but what tim followed up on is maintaining a culture which is incredible to go from $100 billion in revenue to $400 billion next year. that focus -- its singular focus has been unchanged which is in apple's case to create products that enrich people's lives i think what is the substance of what has tim cook done, he has really shepherded this culture -- tim cook has shepherded the culture that jobs built. >> to follow up on that, gene, is what tim cook has created transferable >> i think everything is transferable that was the narrative when steve jobs left, that this could not be transferable and here we are. i think it is. i think those conversations i'm su

>>> today marks ten years for tim cook as apple's ceo. taking a look at the past decades, which has been a good one for investors. >> some investors might have been nervous afterall, and he could wow how could tim cook hope to compete? the truth is he didn't try to. his focus has always been on being the begs version of himself. apple named tim cook ceo august 2011 up 1,000 perp since. revenues grown more than 100 gift% to 274 billion apple's market cap sky rocketing to nearly 2.5 trillion a net cash position of 72 billion. dividends paid nearly 103 billion and counting he helped change the narrative to a tech giant with a consistent sustainable business and he proved he can launch new popular products as well a services business that recorded a revenue record of over 2 billion who will take over from tim cook back to you. >> maybe a question for another day. we're going to let him enjoy ten years. taking a look at the health care sector up around 20% for the year >> and j, u and, h and pfizer. an accelerated $2 billion buyback. joins mos

we can look at stock price apple named tim cook ceo on august 24th, 2011. since then, apple stock is up more than 1,000% versus a gain of 280% for the s&p 500. revenues growing more than 150%, to 274 billion through fiscal 2020 apple's market cap sky rocketing from 346 billion to nearly $2.5 trillion the company, we know, has very deep pockets, net cash position of 7 billion dividends paid nearly 103 billion. some worryied when tim cook took over from steve jobs, a visionary who could wow audiences with the latest and greatest apple products, engineer and supply chain guru, how could he ever fill such big shoes? cook chartered his own course, telling reporters the challenge for all of us is to be the best version of ourselves creative strategies, long-time apple watcher, says cook has put his morning on this company. he helped change the narrative for a long time apple was thought of as a boom and bust story. today they consider it a strong, sustainable business and cook proved he can launch new, popular products as well. a watch, air pods, music video and

we wanted to show you a little bit of video the ceo of apple, tim cook, arriving at the cybersecurity summit just a while ago, joining other ceos jamie diamond from goldman sachs already there. satya nadella of microsoft already there. the ceo of amazon walking in a short time ago this is tim cook joining that group of ceos at the white house to discuss cybersecurity >>> final trades and much more coming up on "halftime" stay with us. yeah, i mean the thing is, people like geico because it's just easy. bundling for example. you've got car insurance here. and home insurance here. why not... schuuuuzp.. put them together. save even more. some things are just better together, aren't they? like tea and crumpets. but you wouldn't bundle just anything. like, say... a porcupine in a balloon factory. no. that'd be a mess. i mean for starters, porcupines are famously no good in a team setting. geico. save even more when bundle home and car insurance. i'm evie's best camper badge. but even i'm not as memorable as eating geico. save even more turkey hill chocolate chip cookie dough creamy premiu

cook and a conversation on apple's side of things, i'm hearing, they say, and tim cook has told kara swisher he and elon musk have never actually had a conversation elon musk is saying the conversation relayed in the book didn't happen. what do you think is the case here do you think elon musk told a story about a conversation that didn't happen, what? >> yeah. what's important about that anecdote is that this is what elon musk was telling members of his team it is important for two reasons. first, it comes at a period when the company is in trouble yet again. earl again. early 2016, the production of the model x suv was a mess the stock was tanking. it's easy to understand that some people inside the company were hoping for a savior like aple to come in and musk's message to them was clear. they orp their own the company had to figure it out. second, it's important because, it's one of several examples in the book that illustrate how musk's ego and bravado were increasing with every public success, putting the company in greater and greater risk and that risk in 2016, he was making

emily: president biden just met with big tech ceos including tim cook and andy jassy at amazon to talk about cybersecurity and what the private sector can do. he talked about the lack of talent to fill some of these jobs and seem to put the onus on the private sector to do more training. what do you make of that argument and that problem? >> we need more people. this is part of the problem. when you think about the amount of information that is doubling every year, the number of devices, the number of applications, all of that is growing in doubling every year. we cannot double the amount of people. we have to do a push on people and we have to make the technology grow and provide greater capabilities. look at 90 midsized banks. we each have about 10 people working in security up center. each of those 10 are working on that one bank. down the road is another bank with 10 people. what if we brought all those together in a collective defense ? you know have 900 people working together. it is a combination of taking that new technology and coupling it with a growing force. both as a priva

. >>> plus, as we head to break, some of your other top stories apple ceo tim cook receiving more than 5 million shares of apple this past week to a tune of $715 million. it is the final part of a compensation package that cook received when he took the ceo job ten years ago. >>> tesla filed an application to sell electricity in the state. the application follows the start of a major battery build it aims to connect mega system to the lone star state energy grid >>> may have a new way to do so with the exchange traded fund. stocks trending on social media. the etf needs regulatory approval by the sec. we're back after this. >>> welcome wack to "worldwide exchange." let's bring you up to date with some of the top stories with bertha coombs. >> good morning to you again southwest airlines says it's cutting some flights this fall as it continues to grapple with operation problems that led to summertime delays and cancellations. in a statement the airline says it will cut an average of 27 flights per day from september 7th through october 6th. and 162 flights daily from october 7th through

you've got amazon's andy jassy there and apple's tim cook, google's sun daughter sundar pis krishna. we've got the bug wigs from the -- big wigs from the banking world, brian moynihan, jamie dimon, we have got water systems ceos there because, yes, this isn't a tech story. to edward lawrence live at the white house. edward, this is clearly a crucial issue if it's drawing all of these very top names. >> reporter: yeah, this is a huge meeting, a who's who is in this boardroom so to speak here at the white house. senior administration official tells us it's going to take an entire nation effort to cut down on some of these cyber attacks, and we see that official also saying that this is a call to action by the president for these industries. the ransomware will be part of the discussion. the president says he's made it a priority to modernize defenses against cyber attack, saying that nato is bringing together 30 nations to step up and fight against ransomware, and the market does like this language. you can look at some of the cyber-related stocks, and they are all in the green today.

. >>> today tim cook marks ten years at the top of apple. cook took over as ceo in 2011 after steve jobs passed away. since then, apple has become the largest publicly-traded company in the world. cnbc says if you invested $1,000 in apple in 2011 you would have nearly $13,000 now. despite the success, the company has also come under greater scrutiny over both privacy and anti-trust issues in recent years. >>> jeff ranieri is here with us to talk about what's going on. can we say weekend yet? >> middle of the week. we've got an awesome forecast as we head into tomorrow. it's all about this system that we've been telling you about that's starting to inch closer and closer. it has cooler air with it. the fog is back for the morning. the other thing it's doing for us, well, it's not beneficial for other folks. it is helping to push the smoke out of the bay area and move it off to the north and also the east. so good stuff for us here. but i do want to take to you lake tahoe, in case you had any kind of plans to head that way. i wanted to alert y

in june ceo tim cook said apple will test a hybrid model with people working in the office three days a week in september but that date was moved to october and now the new year. >>> elon musk showcased tesla's artificial intelligence technology at the a.i. day yesterday giving a preview of the tesla bot, 5'8" robot with a screen for a face weighing about 125 pounds and moving about five miles per hour. musk says a proto keep is expected next year and building a humanoids robot is the next logical step since tesla is a robotic company with cars being robots. he says the bot could be used for household chores, but it's intended for unsafe, repetitive and boring tasks or work people would least likely want to do. >> like household chores. >> i feel like we could find many reasons to use that. but i'm -- i don't know. i imagine we all have robots in our house in the next five to ten years. >> it's called -- >> thank you so much. >> oh. >> all right. >>> coming up, on "today in the bay," we are off to a smoky start for the whole weekend, in fact. vianey is tracking how long it's going to

bloomberg reports tim cook, microsoft's ceo satya nadella and amazon's new chief andy jassy will attend. the heads of ibm, google, jp morgan chase have been invite pd. they will discuss how software can drive better security and protect the supply chain overall. >>> ford is doubling production fort f-150 lightning because of strong early demand for the electric pick-up truck ahead of its launch next year. reuters reports ford plans to spend $850 million to meet demand. industry watchers have questioned whether buyers are willing to give up gas powered trucks for electric models, but commercial customers are pushing for electric vans and trucks because they're trying to reduce their carbon footprint. i can't wait until we see the first ads of the pickup trucks going over boulders and then plugging in to a remote charging station out in the back woods. >> that's the thing. what do you do for farmers? they have to set these up, right. i come from a family of ranchers. >> not too many out there. we'll be watching. thanks, contessa. >>> coming up next on "today in the bay," is it fog, smoke?

last year it was four times higher than number two, tim cook . this year it is 11 times higher. how does the math add up? >> first of all, it keeps going up and the pay package is now worth a lot more. it is a trend that just keeps on going for musk. awards get bigger and pay just keeps going up. emily: are we accounting for tesla and spacex in these numbers? >> this is just tesla. emily: how much of it is actual salary and how much is just because tesla stock has gone up? anders: he gets paid only in stock options that grow in share if the price goes up. so this package has become worth quite a bit of money. it is largely the case for most of the executives we see on the bloomberg pay index, really hefty and chunky equity awards that just skyrocketed last year as equity markets scored. salary is a small part of this, even though the figures are not negligible to a normal person. but for these guys, it's a different magnitude. emily: and they are all guys, no women in the top 10, as you see there, which is a shame. do investors approve? anders: investors largely think this is ok

cook called up members of congress when he didn't like what was in their legislation. and yet we're hearing a judge in india saying that these major corporations should volunteer to be part of an investigation that, that something makes you want to do well. and it is interesting when you look at those big numbers of how e commerce in a retail is in india. look, a company like amazon, a company like wal mart, they are a little more likely to comply and to work with regulators and be a little more transparent when you start looking at those big dollars because they need that market one. and they've learned anything from lawmakers here in the us. they're probably hoping that they can kind of get in there to just enough to make everybody happy. and then go on being a part of that massive $200000000000.00 market time. now for a quick break, when we come back, how is the us mission to decouple from china actually playing out and how have the ongoing tension between the 2 countries impacted their relationship when it comes to trade, we'll discuss next hand as we go to break t

it's really an all-star cast of characters starting with apple's tim cook, microsoft, alphabet, amazon, jpmorgan, bank of america, travellers, duke energy and dr. barrett of girls who code all will be participating in this event today. some real heavy hitters meeting with fortunate and white house leaders and we'll see whether they can get their arms around this problem that so far has really been unsolvable because there's really been no clear sense of who is responsible for what here in the cyber security realm and american companies have been taking it on the chin, guys >> costs money that's the bottom line cost of doing business >> right >> and have to come to grips with that. >> who pays for that >> they have to pay for that that's the way things work maybe put it -- >> there's some -- >> put it in spiritual infrastructure >> does insurance companies pay for it >> no, once it happens, if you got insurance they pay but we need to toughen everything up and look at what needs to be done supposedly there are a lot of private companies that -- maybe not public -- but companies that hav

tim cook and more all in attendance. president biden appealing to them for help. >> the reality is most of our critical infrastructure, is owned and operated by the private sector and the federal government cannot meet this challenge alone. emily: rebecca jones is now from washington. we have more specifics on what biden talked about, what the cl's -mentioned- the ceo --- what the ceo's mentioned? >> working on cyber workforce development issues. the administration talked about 500,000 open positions in the cybersecurity field. so, expect some announcements from companies very soon. we hearing within the hour. on cyber workforce, training initiatives and funding. then we also know they are talking a lot about critical infrastructure resiliency, where the biggest attacks have been on we have seen colonial pipeline and jbs, the meat producer. efforts for the government and the private sector to work together to prevent some major attack again. emily: you had a lot of high-profile folks at this meeting. any concrete action

speaking of apple, it has been a good week for tim cook. he received more than 5 million shares of the tech giant. a new sec filing shows he sold most of the stock for $750 million. he has a net worth of about $1.5 billion. >> i have a dream speech. the event called march through time let's gamers virtually attend the 1963 speech. it lets players hold up signs and reply. the idea of using dr. king in a videogame is sparking some backlash. tomorrow is the 50th anniversary of the i have a dream speech. -- the 58th anniversary of the i have >> >> a dream speech. moderate air quality for the weekend. tahoe remains unhealthy. look at the next couple of days. we will be well above average. 101 in the inland valleys. 102 saturday. a few degrees cooler around the bay as the sea breeze picks up. monday, we will see temperatures down to the low 90's. we are back to average as we get into next week. a couple of hot days. we are looking at that heat advisory north of us. >> we are getting go back to our team coverage of the crisis in afghanistan. a for

tim cook, andy jaffe, sasha and idella expected to meet with president biden to talk about efforts to improve cybersecurity. also invited, representatives from the inking, water utility and energy sectors, all victims of recent cyberattacks. remember colonial pipeline in may? joining us to talk about the state of cybersecurity, the former coo of firmware, thank you so much for joining us. this is the first meeting we are seeing between big tech ceos and president biden. what do you imagine will be discussed and what do you think the outcome is going to be? >> thanks for having me. i think last time we talked was before the pandemic. any summit is going to be more interesting than the last mypillow summit on security. jokes aside, this is serious and it is good to see the biden administration and their appointees like the director of cybersecurity and infrastructure and people who are advising in silicon valley. i met her while she was going through her confirmation and she's smart and trying to build a partnership with the private sector. if you look at the state of those attacks, we

steve jobs died tragically on october 5 10 years ago, and this guy tim cook, he can't do it. you have chronicled apple to the moon. how do you know when to get off these stocks that just go and go and go? sam: well, you look at the fundamentals. you look at the technicals, and you listen to your analysts. what is the old saying? the analysts do the work, but the investment strategists take the credit. tom: love that. sam: i hear what angelo zeno says about apple and wait for his commentary from a fundamental perspective. tom: what does he say right now? sam: right now, still a favorable outlook for apple. we have it ranked four stars, so we are willing to bet our bonus on it. tom: so much of this is not making money, it is not losing money. when i lecture on this, and stovall doesn't get a royalty, i say nothing helps you not lose money like the star system of cfra. it is a great and beautiful thing. esther stove all, go away. thank you. that was a clinic. you so much. sam stovall, i can't say enough about his work over the years. the star system, everybody is like, boring. i

that was a kid named tim cook. this was a massively successful company with rock stars everywhere you look. the hyperfocus on steve jobs was fun, but it hid the brilliance beneath the top. i recall running the column, wall street still does not understand apple. almost 20 years later, wall street still does not understand apple. think back 20 years when the apple stores were introduced. there was the 20 year anniversary earlier this year. i love the article that says this is the dumbest idea in business. it is the most successful retail outlet in the world. kailey: steve jobs was a product guy, delivering on tangible products. the iphone is still its biggest robert -- still its biggest driver but it is becoming a services company. you have to think about it in a different way? barry: yep to think about that in terms of the entire ecosystem. i am talking at you on a mac, i have my iphone, i'm not a big fan of the eye but, they do not -- of the ibud, they do not fit my year well, but i have beats wireless, which appl

matt: how can people like tim cook and jamie dimon and andrew jazz actually help? what can they do that the cia and the nsa can't already do by themselves? jamil: it is a great question. part of the challenge is that today we expect companies to defend themselves individually against every cyber threat. if russia were to fly a bomb over the united states, we would not expect amazon or apple or jp morgan to defend themselves. yet in cybersecurity, we expect every company to do that, regardless of size. we have to work together, large and small to create the best capability so can effectively stand up against nationstates like russia, china, iran and korea -- and north korea. matt: we are talking about a cyberwar. is it all about defense? is there any potential for an offensive from the united states of america? jamil: absolutely. we have to get better at defense so this idea of bringing industries and companies together, to work together and better defend each other, that is the defensive end. on the off inside, we have to demonstrate to russia, china, and is commit

and upcoming book says tim cook at apple called elon musk of tesla couple of years ago and said hey, we are thinking about taking you over and biding you out. that's the news,. what is elon musk saying? susan: a lot, seemingly endless on twitter tweet after tweet after tweet about apple and elon musk and cook. a new book suggest elon musk called in at-- with apple buying tesla and elon musk had to be cl. elon musk says that is not to and we have been very clear publicly that we have never spoken or otherwise communicated i tried to speak to him and he declined. nor have i expressed interest in running apple to anyone. stuart: and a tesla stock is at 702 this morning. susan: can you imagine if apple had bought tesla? elon musk in these multiple tweets said when he made the approach tesla was only worth 6% what it's worth now which is $600 billion, so it was a 6%. you are better without a calculator, but that's roughly what, $600 million? stuart: something like that. susan: imagine if apple bought tesla where the world would be. stuart: we would be a different place and i think you wou

we just had the ten-year anniversary of tim cook. i wonder if you have thoughts on that just overall, not about this story in particular, but he's done it without a flying car, without a tv set, without any of the things that we needed just by making the ecosystem part of our everyday life. >> yeah. i think for cook, joe, you talk to analysts and they'll say there's a couple of challenges ahead. i think in the short term they'll say cook, like so many other ceos of so many other companies and industries will have to continue navigating this ongoing chip shortage. that's an impact he'll have to figure out with his coo, jeff williams, how to navigate that challenge. longer term, most analysts will say the continuing challenge not just for apple but other companies is china, continuing to navigate that relationship with the ongoing tensions between the u.s. and beijing, joe. >> we don't talk much about steve jobs anymore, missing him. >> well, you know -- >> it's not an easy act to follow so successfully, so i think -- >> no. i can't th

cook, he came in only at number 8 at 265 million in total comp. did we tell you the numbers are big? and they are definitely random but interesting. now we know who can afford that house that i referenced earlier in aspen. >>> now let's welcome in a guest who is worth all of that and more i haveno issue with compensation a lot of those are ipos. those are big numbers. this is random and mabry dick cue louse. do you look at things like executive comp when it goes to picking a stock? >> yeah, i do. but the companies that i own, the ceos don't get paid those amounts. as you're going through that, brian, all i could think of is if you don't have anything nice to say, don't say anything at all. there's just something not okay to me about some of those numbers. >> that's not why we brought you on before we get to some of your new picks -- just brought it up because i'm jealous. i'm not going to lie, jenny. >> are you >> we just talked about home depot -- well, i wouldn't mind living in aspen. very nice town >> you don't have to make that much to live th

cook when tesla was 6% of the current value now and tim turned down the meeting. i am not surprised apple is the most profitable company on the planet. does it surprise you? look last week they made $21 billion in three months. that is a record spring quarter for apple. $21 billion on cold hard profit on $80 billion in sales. that is profit margin of 25% for a company of this size. this company only gets people more addicted raising their prices, and new businesses they're getting into which have been proven successful. neil: ray, if you think about it too, the only thing in the way of the company is the stock price that more than reflects all of this, or does it? what do you think? >> you know i think the stock price should still be up. we're targeting 170, neil. the main fact that apple is getting 25% margin in a hardware business, but if you look deeply it is more than that it is the services are carrying it and we think services will actually drive up to 350% of apple's revenues and that is where you're seeing high margins on the service side because hardware

president biden is rolling out cybersecurity steps and meeting top technology executive tim cook, andy of apple, microsoft, this is a distraction from the main issues of afghanistan. can they get their legislative agenda through? however there is this feeling that there is more of a cyber threat than ever before. how much spending will the federal government put behind this? we'll end up dropping up tech valuations and give people more confidence. tom: very good. this is a joy, folks. taylor, lisa, and tom with you on radio and television. what we are supposed to do is come out right now and talk about price up, yield up. or price up yield down. i.g., high yield bonds, with bob michele. he's been at jpmorgan for 400 years. joins us this morning. bob, we'll spend serious time here on the great unspokele and you nail it in your research note. stephanie at stony brook has changed the world. she came out with modern monetary theory. we are in an mmt experiment of some type as well. and the financial media's not talking about this enough because everybody thought it was a theory which would

tom: what do you do if you are advising tim cook of apple? what is the leland miller perspective for bank of america companies who have this codependency with beijing? leland: apple is almost unique in that it figured out a bunch of years ago that it needed to have a contingency plan, but it's need for production in china is so big that it really can't just move things. so i think that apple is doing is what they can in terms of trying to create other markets where they can produce so they don't have so much of an emphasis on reliance in china, but they produce so much, you can't just move everything to vietnam or somewhere in southeast asia. so they are doing the best they can. but if you are not apple, you should be way down the road in terms of contingency planning just see you don't have overreliance on china for the market, for the production, because all kinds of different things are going on from trade wars to geopolitical tensions. lisa: we talked about the potential slowing down of the economy. the data seeming to confirm that, that

cook of apple, satya nadella of microsoft travelers duke energy, focusing on education piece of all this the other thing the white house is talking about here is the idea that there are about 500,000 cybersecurity jobs still vacant in the country. need people trained up, educated in the pipeline for those jobs no way to fill them with just people sitting on the bench now. a big piece of this will be education, training, apprenticeships and the like wait to see what the ceos have to say when they emerge from the white house later on this afternoon. >> any idea whether they're on the same page, whether each party is doing enough to keep the country's most critical assets safe? i've heard some people say, boy, would be nice if the federal government took more of a lead in setting standards or ensuring compliance sounds like they're kind of putting that off on insurance companies, perhaps >> i think that's a great question, jon. i think you'll see everybody on the same page pubically today. a lot of this has been baked in. a lot of advance planning around this andy nounsments from the c

cook, tremendous power and influence she said the stream of information she could be talking to her husband and who knows making trades, we don't know that's what the republicans are threatening to investigate if they take backes the house. >> you're absolutely right there is allegations earlier this year questions about the trades that her husband made as well nancy pelosi is cozy and comfy with the big tech leaders and executives in california, if there is no wrongdoing, fine but i say thaton the investigation began but we know that's not going to happen with the current leadership that's in the house right now. elizabeth: getting swampy in here, it's good to see you, thank you for joining us, come back soon. up next from botelho former top border guy, the largest group of migrants trying to cross in texas republicans say the border is the biggest super spreader of the event, asking where is dr. fauci on all of this, we have it between the biden administration and we have an update on what the biden administration is doing at the border, right here don't move. ♪ singing, or spea

as you know and we have brought to viewers over the years, apple and tim cook specifically has been fighting some efforts by governments including the u.s. government to get a back door into encrypted data that lives on consumer devices. this is a continuation of apple's evident to use technology to have it both ways to say we are not looking at your data but we are going to make our product better and in this case perhaps safer from the use of information about the data >> it is fascinating to see apple put themselves out there on some of these controversial stances. we will see how it all shakes out. >>> meanwhile, look at dropbox shares they are on the move after earnings they are up, let's see, they have come off of their highs a little bit, but still up about 2% the company reporting strong quarterly results and raising its full-year revenue guidance ceo drew houston joins us now. and cofounder. drew thanks for being with us. the street likes what they have seen on the important metrics lie annual recurring revenue, paying users arpu you saw increased users, raised your revenue guidance

cook has not left we're going to see if we can hear from him when he comes out of the meeting to see what he says about this. but clearly, some of those ceos not too anxious to talk to the press on the way out the door. what we are seeing now is some citations in the media, particularly reuters, of some of the commitments now from some of these companies. reuters is reporting that microsoft is saying it's going to invest $20 billion over the course of five years, a four fold increase from its current rate, to speed up cybersecurity rates. we're also going to see microsoft making available $150 million in technical services to help federal, state, and local governments to help keep their security systems up to date. so microsoft out with some news per reuters at this hour talking about what it's going to go on cybersecurity. i think you can expect over the course of this hour to see a bunch of other companies come out with statements of their own. so-called deliverables of this meeting. we'll see if it makes a difference hackers have been really successful over the past year. the cybe

apple man himself, it was tim cook. [ applause ] no, don't applaud, i was so embarrassed, i wanted to die. i know the name. i am new in l.a. everything is new. flashlights. i hope i can have another meeting. [ laughter ] now i know who he is. >> niall: you're lucky your show is good or he would have put it on quibi. [ applause ] thank you so much for being here. listen, i've got a football here. >> oh, okay. [ cheers ] >> niall: i don't know how we're going to fare. oh, he's doing it. >> i am. >> niall: that's smart. maybe not with this. ♪ guillermo? ♪ [ cheers and applause ] ♪ [ cheers and applause ] >> niall: thank you so much. >> thank you so much. >> niall: thank you. thanks, cristo. new episodes of "ted lasso" air fridays on apple tv plus. we'll be right back with music from kane brown. i've got moderate to severe plaque psoriasis. now, there's skyrizi. ♪ things are getting clearer. ♪ ♪ i feel free to bare my skin yeah, that's all me. ♪ ♪ nothing and me go hand in hand nothing on my skin, ♪ ♪ that's my new plan. ♪ ♪ nothing is everything. ♪ achieve clear

you have to wonder, does tim cook need to enter this fray and come out and say something it was a poor rollout in terms of the communication >> i'm curious the china example is interesting. apple has given that government access to servers in the country, basically allowing surveillance, whatever you wan to call it to happen they claim they are doing something different. the way that ben thompson put it is that the only thing holding apple back from scanning for anything in the future is their own policy that's why craig emphasized, our policy is gatekeepers. in a world where managing changes, financial pressures change, pressures from governments change, that that policy could now change as well. >> i think that is the real concern here apple has tried to have a pretty pure line. as people point out, they haven't in china to do business in china is to agree to government concessions. it's not entirely new. they said to the fbi, we're not going to create special software to help you break into phones. i think there is a concern that they are creating software i do think there's nuance

it was ten years ago tim cook became the ceo of apple taking over for the late steve jobs. jobs made his mark on apple, but in the ten years that cook has been in charge, the company has tripled revenue. if you invested $1,000 in apple when he took over as boss it would be worth $16,000 today. it's also easy to forget now in modern day in 2021 the courage of what cook did in 2014. he came out as the highest ranking public executive to acknowledge he was gay. >> where i valued my privacy significantly, i felt that i was valuing it too far above what i could do for other people and so i wanted to tell everyone my truth. >> that interview in 2014, it's also remarkable in 2021, how just routine that seems and oh, yeah, who cares. yeah. >> especially for our children, it's -- >> right. the in the bay area. i think other parts of the country are -- gay rights in alaba77-year-old covid after testing positive on a carnival cruise to belize. she died on august 14th. according to the new york times she departed on vista on july 31st testing positive after experiencing respiratory com

nancy pelosi talks to tim cook. she has tremendous power and influence. she has a stream of information. she could be talking to her husband, who knows, making trades. we don't know. that is what the republicans are threatening to investigate if they take back control of the house, deneen. >> you're absolutely right. there were also allegations earlier this year, questions about some of the trades that her husband made as well. yes, pelosi is very cozy and comfy with the big tech leaders and executives in california. so, look, if there is no wrongdoing, fine but i say let the investigations begin but we know that is not going to happen with the current leadership that is in the house right now. elizabeth: getting pretty swampy in here. okay, deneen borelli good to see you. come back soon. >> thank you, liz. elizabeth: up next, ron vitiello, former top border guy, we've got new video the largest group yet of migrants trying to cross in texas. republicans say the border is the biggest superspreader event asking where is the cdc? where is dr. fauci in all of

cook that nancy pelosi had. you know, there is, there is information, insider information that you can profit from in d.c. how can you nail that down, that there is any malfeasance there? >> it is on display. it is in the letter of the law, but it is by every sense of any normal person's perception just sort of the casual corruption of washington, d.c. how is it that people elected, become members of congress, go in with middle class salaries and become some of the richest people in the united states? nancy pelosi is the sixth richest member of congress. how did that happen? no wonder when you watch the relationships they have with giant companies, oligarchs are doing bidding of democrats who hold power in the white house or congress that are conjoined at the hip, really what you have is, people who are using their positions of power to enrich themselves and it's a real tragedy. because the united states congress is supposed to serve the interests of the people and not the people inside the building. elizabeth:

we have a wall graphic for you tim cook, satya nadella, sundar pichai, jamie dimon, brian moynihan, lynn good of duke energy and dr. barrett of girls who code nonprofits in there as well. this is american industry writ large coming to the table with the biden administration and trying to figure out a solution to this. the question that i've got going into this today is, you know, what are they going to do that they haven't done so far and that's the big unknown >> i have two questions, then. you have questions, i've got questions, eamon, i'm going to fire them at you number one, is the media in-person or is it virtual because if it's virtual i would hope a cybersecurity meeting would be very secure from a cyber perspective. number two, what, if any, actual firm, hard take a ways are we going to get or is this going to be a lot of talk >> a big piece -- i don't know that everybody is going to be on site, but a lot of these people are going to be physically at the white house today. so this is a different thing in the era of covid where we're actually going to see people gathering on the w

it was ten years ago this week that tim cook became the ceo of apple taking over for the late steve jobs. jobs made his mark on apple, but in the ten years that cook has been in charge, the company has tripled revenue. if you investd $1,000 when he took over the job as boss it would be worth $16,000 today. it's also easy to forget now in 2021 that the courage of what cook did in 2014. he came out as the highest ranking public executive to acknowledge he was gay. >> where i valued my privacy significantly, i felt that i was valuing it too far above what i could do for other people and so i wanted to tell everyone my truth. >> that interview in 2014, it's almost hard to explain to kids these days how courageous that was. when you think about it, like, oh, yeah, that's right. i had forgotten about that. >> i was just having that conversation with my kids how it's changed. >> trying to explain. remember ellen 20 years ago. >> isn't it nice. look how far we've come. >> it's wonderful, it's terrific, but it was incredibly courageous at the time. >> i just found out this morning. i never knew t

even though we've been talking about it so much already, ten years of tim cook at apple many wondered how he could ever follow the legendary steve jobs, but he's done it so well, people are worried his replacement won't be able to measure up. plus, back to work or back at

cook that nancy pelosi had, there is information, insider information that you can profit from d a d.. how can you nail that down that there's any malfeasance or. >> is on display it's in the letter of the law but by every sense of any normal person's perception just a casual corruption of washington, d.c. how is it the people elect to become members of congress they go in with middle-class salaries and they become some of the richest people in the united states, nancy pelosi is a six richest member of congress, how did that happen it's really no wonder you watch a relationship that they have with the giant companies, the oligarchs who are doing the bidding of democrats who hold power in the white house or congress in our so joined at the hip that what you have is people using their position of power to enrich themselves and it's a real tragedy because united states congress is supposed to serve in the interest of the people and not in the inside of the building. elizabeth: the website is called to iq the number two and iq, we will stay on the story, thank you for joining us it's goo

cook of apple back in the day where he really needed some help. elon's denying there was a conversation which apparently turned a little testy, and cook is denying it, but why don't you tell us what happened in that conversation as your research has turned up. >> it's interesting, as detailed in the book, this story of the conversation is what elon was telling some of his team members. and during my reporting, i talked to multiple sources who heard that pretelling of things -- retelling of things. what was going on there was, essentially, elon was sending the message that tesla was on its own, tesla was going to be controlled by elon, and they needed to figure out a way to get tesla out of that problem. and it was occurring in the 2016 period when the model x production was troubled, cash was low, stock was falling. and you could imagine a scenario where people were hoping a white knight would come in. elon wants to control tesla. that's the story of tesla going back really to the beginning. it's a fight for control of the company, control of the

cook, these are tech ceo's who want to put their own imprint on the company. it sounds like it worked out really well. this is a logistics play and also a last mile play. to me it makes perfect sense i think amazon sets up down 15% or so, if it works down between 3,203,000 to the lower end of the range since last sent, i think you start dollar cost averaging. i think this is the sort of story when people get comfortable with the new ceo back to the levels where it was it possibly breaks out of the big range in the next year. >> yes, guy, you're looking at me. >> i'm not allowed to look at you. >> you want to say something >> kohl's comes out. >> and i was going to does x about what the partnership. >> the operating margins were there. fantastic out of kohl's and they do have a relationship with the amazon wouldn't that make sense haven't you heard that before on cnbc "fast money" at 5:00 week days. >> you have. >> out of your mouth. >> you have. is there more of a convergence between amazon and walmart >> well you see them saying they need to have space and pl

remember when steve jobs passed away, everyone thought that tim cook wouldn't do as good a job so there's always that risk. but kelly, i was kind of laughing at that interview as well because carson block is a character as well. he sort of was eating humble pie but then he kept talking about how elon musk was a bad person and the only reason tesla is here is because of its capital base and i just don't think that that's entirely fair when you talk about tesla being the o.g. meme stock it has actually grown its business with that capital and certainly the jury is still out for other meme stocks like amc. gamestop even robinhood if they can do what elon musk has done with the capital that he's been able to raise, then fine i think andrew ross sorkin calls it manifest destiny. but i think elon musk has fulfilled that so far. >> manifest destiny of the meme stocks before we go i want to get your two cents on what's going on at snapchat where people are fleeing the platform for youtube and tiktok as they say money is drying up. creators have complained that a million dollar a day payout snapch