And movies and studio will pay more for a health plan. Global news 25 of the day, powered by more than 2600 journalists and analysts enlightenment hundred 120 countries. From washington, im Alisa Parenti. This is bloomberg. Emily im emily chang back here on Bloomberg Technology. Back. Great to be coming up, apple declares numbers and americas most valuable player misses on revenue. We break down earnings for the Second Quarter. Officiallysoft launches its laptop to battle google and apple for classroom supremacy. We discussed the new Service Laptop with a top exec. And a sitdown with the twitter cfo and ceo with anthony noto, about the companys latest media dealing capitalizing on trump. First, hours Apple Earnings fallingafterhours with short revenues. The iphone has always been the moneymaker, but felt flat yearoveryear. Not surprising, given the anticipation for the next iphone this fall. We are expecting a big design overhaul. Apple also announcing it generated over 7 billion on se
We will tell you what has him so bullish. We start off with the biggest stock in the world, apple reported earnings moments ago. The stock was falling after a revenue miss. We got full team coverage. Our joan e own josh lipton is at apple headquarters on a brandnew red iphone. We will check in with him later often. Josh, we kick it off first with you. Mel lit i lisa, lets start with the this iphone, they were down year over year, in an interview with ceo tim cook who cold me in part that demand looks better than those units suggest because he did take down that channel inventory that 1. 2 Million Units in a quarter. He said iphone fans may be deferring that upgrade because of what they think is coming. He told me, we have seeing a delay in purchasing behavior, we think is a consequence of the number of groomers and reports about future products. That is happening. However. If you look at the iphone outside of greater china, iphone units grew very nicely. We had more upgraders in the fi
The milken conference brings together a whos who of leaders in global finance. We are considering ultralow bonds. We did not meet expectations this quarter. Former fed chief ben bernanke questions the timing of the tax cuts. Plus, a big miss for apple. Facebook has another great quarter. Tesla missed by 50 in the stock went up it is all straight ahead on bloomberg best. Julie hello and welcome. Im julie hyman. This is bloomberg best. On monday, President Donald Trump shared his thoughts on a number of political and Economic Issues with bloomberg news. His comments made headlines and moved markets. In an interview with bloomberg news, President Trump he is willing to meet with the president of north korea and he considering breaking up the big banks. Pres. Trump we are looking at it right now, and doddfrank is going to be very, very, seriously changed so the banks to go back to loaning money. Erik can you talk about the context in which he discussed that . I did bring it up that i did b
Sandberg on the social Networks Earnings report ahead. And our extended sitdown with anthony noto about the companys latest media deal and capitalizing on trump. First to our lead. Apple shares dropped after reporting quarter earnings with iphone revenue falling short. The iphone has always been the moneymaker for the company, but sales were basically flat yearoveryear. Not terribly surprising, given the anticipation for the next launch in the fall, where we are expecting a big design overhaul. Apple also saying you generated also announcing it generated 7 billion in revenue on services, which is 18 growth from a year ago. This as the sectors ceo says he expects to double over the next four years. We spoke with our Bloomberg Contributor David Kirkpatrick and an analyst. David when you look at the quarter overall, it was fairly mixed. The one negative with the iphone numbers. But its one of those quarters where you can only put some so much emphasis on the iphone. You of course have tha
The milken conference brings together a whos who of leaders in global finance. We are considering ultralow bonds. We did not meet expectations this quarter. Former fed chief ben bernanke questions the timing of the tax cuts. Plus, a big miss for apple. Facebook has another great quarter. Tesla missed by 50 in the stock went up it is all straight ahead on bloomberg best. Julie hello and welcome. Im julie hyman. This is bloomberg best. On monday, President Donald Trump shared his thoughts on a number of political and Economic Issues with bloomberg news. His comments made headlines and moved markets. In an interview with bloomberg news, President Trump he is willing to meet with the president of north korea and he considering breaking up the big banks. Pres. Trump we are looking at it right now, and doddfrank is going to be very, very, seriously changed so the banks to go back to loaning money. Erik can you talk about the context in which he discussed that . I did bring it up that i did b