And says this stock is grossly undervalued. He believes the stock should be worth 240 a share, that is up 85 from todays Closing Price of 130. The increase would give apple a market value of 1. 4 trillion. Joining me from d. C. , tim covers apple. Obviously icahn and tim cook have a relationship. What is he trying to a copy which with the open letter . Tim he has been putting pressure on apple to increase buyback. This is the first time apple has responded several times in the past. They said they would increase the Capital Return Program by 70 billion for the neck two years. Your is carl icahn a few weeks later saying that we would like to see a bigger buyback. Emily he kept saying that if you focused on cars and television, you could work something out in terms of raising your value. Is tim cook going to listen to what he has to say when it comes to products . Tim he is also talking to the market in general and feeling like investors and the media maybe dont understand the apple stor
Vallejo area and as a matt matter of fact that traffic does not look all that bad. If you are coming in from the pass westbound 580, there is a crash mean greenville road and it is not all that bad, 6 680 looks good from the van nearby why dinesh why bridge and the span itself looks good and it is 6 01 lets go back to the desk. A terrifying shooting happened in midnight near 65 olive street and the incident victims have stunned People Living in the area. 6 00 is not that late and it looks like a number of rounds were fired and it is pretty brazen stuff on the street corner. All the victims were between the ageels of 23 and 1. They are arounding witnesses to step forked 0 get more. They are now facing a dislinenlary disciplinary action because of their actions on june 29th. Michael quinn was arrested on dui charges after crashing his latter truck in the south of lat are. This is time. They are taking freezing rain into the carolinas and this could drop a lot of snow and rain and last ni
To its user data and some governments can do this without asking permission. Vodafone is the largest wireless cowher carrier outside of china. Mayor makes a new push for Affordable Housing. Funnelest proposal is to 94 million in public money over the next two years into Affordable Housing projects in the city. He has called a lack of Affordable Housing a genuine crisis and its not just in San Francisco. Many communities in Silicon Valley are dealing with the same issue. Fcc ways creating internet fast lane, netflix has no plans to back down and its growing fight with verizon over Internet Connection speed. Netflix will continue to display honest the onscreen messages blaming providers for slow loading videos despite the threat of legal action. This comes after verizon sent netflix a cease and desist letter demanding the company stop displaying a message blaming verizons Credit Network for the videos loading slowly. In its letter, the netflix spokesman treated back with us now is todd o
The clock is ticking and power lunch is taking the ball. Lace them up. Halftime is over. Second half of the trading day starts now. Big weekend of football ahead. Big day ahead here on power lunch. Jobs, economy, fed. Is this the year finally of Rising Interest Rates . St. Louis fed president will join us first on cnbc to give us his view. If rates do begin to rise sooner than you think, which stocks should you buy . We will show you some smart moves, some smart places to put your money to work. And it is the hottest segment of, yes, the Tobacco Industry. Could it be a gamechanger for the companies that do business in that field . We will tell what you that game changer is. My partner sue herera at new york stock exchange. Sue, happy new year. Yes, you too, ty. We are finally back together again. Im thrilled about that. The markets not so thrilled right now, though. Kind of stuck in a range of that jobs data. Lets look at numberes with the Dow Jones Industrial average trading up about
Foundation, supporting agencies who supports creatiivity in our society, committed to building a more just and peaceful world, park foundation, dedicated to heightening Public Awareness of critical issues, the Colbert Foundation and by our sole corporate sponsor, mutual of america, thats why were your retirement company. Welcome. If you had trouble sorting through the decisions released by the Supreme Court led by chief justice john roberts, you have come to the right place. Two of the most knowledgeable in journalism are here to help decode the implications of those 54 rulings on public prayer, organized labor and the hobby lobby case. Thats the decision that Certain Companies on religious grounds do not have to provide Health Insurance for some forms of Birth Control. Linda greenhouse covered the Supreme Court for the New York Times for 30 years and still writes a biweekly column for that paper. Shes a lecturer at the yale law school. Dalia litwick is a Senior Editor where she writes