Good Tuesday Morning welcome to squawk alley im Carl Quintanilla with morgan brennan. The market is down about 100 points starting with the apple special event set to kick off from the steve jobs theater in cupertino in just under two hours. Josh lipton is there live and joins us with what analysts and investors and reviewers are expecting. Hey, josh. Reporter so, carl, apples biggest day of the year just about to kick off here right behind me at the steve jobs theater. As you mentioned, analysts think they have a good beat on what is coming theyre looking for three new iphones. Faster processor and improved camera and maybe stronger waterproofing and shatter resistance big question for investors is pricing. What is tim cook going to charge for the new model. Ive talked to some analysts who think he will keep pricing basically constant no big change from the kusht lineup which starts at roughly 750 and 1,100 and expectations are muted on the street. Checked in with gene munster and wha
One attorney general has filed multiple lawsuits to keep them out of the hands of teenagers. But first, to our top story. Two years ago, ubers infamous Ceo Travis Kalanick was forced to resign after a series of scandals. Dara khosrowshahi was brought in to rebuild. He has brought in new management and pushed the Company Beyond ridesharing. It has not been entirely a smooth ride. A big ipo Spark Investment but investors were not impressed and has traded at a low price since. I sat down with ubers ceo and began by asking if he had made the right decision to join the company. Dara we have resolved the governance conflicts the company had. There are many issues the company was involved with. As a partnerank and you want them behind you. We have a great investor base. We have taken the company public. Revenue has grown 75 since i joined. We now have a path to profitability. So while we have had bumps on the road, i like the position we are in now for the next years. Emily there have been bu
Ey halt e signature sales to teens. First to our top story. Remember friday when trump here by ordered u. S. Companies out of china. Well, if india gets its way, it may welcome apple with open arms. The Indian Government eased Foreign Investment rules in a number of sectors, including manufacturing and retail, a move officials hope will attract Companies Like ale. They hope to start online sales in india within months, and alle and foxcon have been laying the ground work for manufacturing in india. To discuss in los angeles, we have mark, who covers apple for us, and david kill patrick. Tell us exactly what india is doing here and what it might mean for a company like apple . So there have been plenty of reasons why apple has not been very successful in india with some having under a 1 or 2 phone market share. One of those reasons is they have had a hard time bypassing a lot of laws from the Indian Government which are required for certain companieo up shop there to produce a certain a
War, and a former employee who forbeen federally charged stealing trade tickets from out for that. We also have another bloomberg exclusive. We will hear from a top huawei executive about what the u. S. Is losing out on as the Telecom Giant remains on the blacklist. First, shares of Tobacco Company altria dropping after the dow jones reported the u. S. Federal trade commission is investigating the marketing. Marketing practices of juul labs. It has invested 13 billion into the popular ecigarette maker. Regulators are investigating whether juul engaged in deceptive marketing. In addition, juul was named in documents by the u. S. Food and Drug Administration as it investigates whether ecigarettes can trigger seizures. Joining us to discuss, the coauthor of that scoop, our Bloomberg News Health Care Policy reporter and a reporter who covers juul. What exactly is the fda investigating . Anna they have gotten reports from people that this has happened to who say they have had seizures and t
Could you explain this proposal from the Trump Administration and how it changes from the current policy . Anna yeah, back in 2015, a judge of the Central District of california ruled in the florez settlement that children in ice custody, and any person with a child, could not be held in nice custody more than 20 days. This is under the obama administration, and at the time, you had families going through dhaka, seeking asylum, who were being held 45 days, sometimes 90 in hand wase issue you cannot just indefinitely detain a family. Now, what we have is any family weather they present at a port and does not have documents or illegally crosses and says i have a credible fear of returning to my hung country home country will be taken into Border Patrol custody, Border Patrol will process them, supposedly in 27 72 hours, and hand them over to i. C. E. Ice will decide this person gets deported or we will hold onto them. I. C. E. Can only hold that family 20 days and they only have so much