This show just about to kick off. Remember apple has four different operating systems, right . Mobile, mac, watch and tv so there should be a lot to talk about today. Two really big pieces of news were anticipating, tyler, one has to do with siri, that voice activate ed Virtual Assistant a you could use siri to order an uber. There is this fierce war when it comes to Virtual Assistants. Apples siri, alexa, google assistant. These tech giants maybe could use Virtual Assistants to move hardware. For example, the team at forester think theyve sold 3 million amazon he can coast. Maybe you open it up and get a piece of that but first and foremost even before the Business Model all these tech giants and event, developers and consumers and investors that theyre all keeping pace with each other and whats thought about as the next great phase of personal computing, also today we think were going to get a makeover to apple music, remember, it was just a year ago apple music was the talk at this
Share, all crash. The deal is expected to close this calendar year. Jim, you just talked to andrew, becky and joe about this. Yeah. You know when you go back over the arc of linkedin, obviously going into the february quarter there was a belief that things were continuing to accelerate. You had 30 growth. You really felt like there was very, very little economic sensitivity. Then you got that incredible shortfall, going from 192 basically down to 9,800, and it was entirely because of the lighter guidance. The guidance, they use the term seasonality. Well, were not used to hearing seasonality with linkedin, 30 going down to 20 . There really wasnt any line item that was good. You saw deceleration in core hiring, you saw challenges in marketing solutions, you saw macro fx headwinds. We dont want to hear that. The last quarter reported at the end of april was quite good. And every one of those items went back up, and thats why the stock was able to recover. But they are getting microsoft
Enough to hear what people attribute stock markets moves to. Everybody atrilktds it. The crazy stuff. The cause and effect. Thats no crazier. Hes not a trump fan, really, but his point is that since brexit t mark brexit, the market has been straight up. Its also koicoincided with tru getting the nomination. Thats his point. Although he talks about the social and situational risks of admitting that you were voting for trump. Holeman has been, at the end he says trump still has to convince conservatives that its okay to put their faith in him and talking. The fact a lot of Business Leaders are voting for him, but dont want to say theyre voting for him. Exactly. We might want to have holman come back. We dont need to debate it. People can have opinions. Everybody can have an opinion. You dont need to try to undercut his opinion. Unle. S. Equities trying to undercut the futures this morning. Dow open 7 points higher. S p 500 up 9 points higher. The nasdaq up about 28. 5 points higher. Wher
It all, the dax, the ftse and frances cac, all up this morning as you can see britain not, perhaps, with the uk, at least for now the uk. Maybe not that much longer. The 10year, there it is, 1. 57. Only a few weeks ago we were below 1. 4. I know. We have moved up. Oil at 44. Didnt think we would take it at 45. Inventory at 10 30 today. Lets get to the rest of our road map this morning and it start with more fireworks from the Republican National convention as we kick off day three in cleveland and carl, of course, as we said is there live. Shares of Morgan Stanley up in the premarket on earnings. We will dig into the numbers. Also ill be speaking to Ceo James Gorman later in the show this morning. And roger aisles future at fox is in question. It appears he will be leaving the network he founded after the Sexual Harassment claims. Were going to give you the latest details and what does it mean for 21st century fox, the company. But first, lets get to carl in cleveland. Carl . Hey, good
And with a Golden Ticket its a golden day welcome to squawk alley. John and kayla and myself at post nine as we watch yet another rally fade away on some more bearish than expect inventory numbers on oil. Well watch that today. Meantime, the former coo of twitter and a partner at y combin ator. Its great to have you back. Good morning. A lot to talk about. Thank you, carl. Well start with apple. Last week according to the intercept ceo tim cook criticized the white house for a lack of leadership on encryption. Of course, tech ceos are anything but yawn itd on this topic. Heres what blackberry john chen told john fort last week. I think theres just not an organized effort for it. I think this job, you are correct, you are not missing anything. Many of us have a different position and a different view of it. Some of us feel stronger than the others. I think theres really eventually it needs to come from an organized effort and maybe the government this is a private Public Sector conversa