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
Today. This is the day, bill, people will look back on and remember. Disney seized a little bit in the earnings. As you can see there, disney shares down about 9 . Putting the cable bundle front and center after talking about espn. Not just disney. Other big media stocks falling today as netflix is hitting an alltime high. 21st century fox down 7. 5 . Time warner, not the cable piece, twx down 8. 7 . Comcast down 4. 7. And well debate whether its time for investors to get out of disney and into the unbundled media plays. Comcast is our parent company. Approving a new rule from dodd frank that requires Public Companies to essentially reveal the gap between the ceos pay and the rest of the companys employees, corporate americas not happy about it. But the director Heather Corzo says this rule doesnt go far enough. Shell be with us to explain her side of the story coming up in a bit here. Weve got great earnings on tap. Fitbits first report, cbs and fox which will be interesting against w
Screens, announcing two new today. Both have a 5. 7inch display, slightly bigger than the 65inch display on the iphone plus, and they work with a new mobile payment is to, but will these products help samsung take on apple and rising chinese competitors . A Strategy Analytics director who covers smartphones joins us be a skype from london and we also have these of posco global head of innovation. Visa is partnering with samsung on its mobile payment system. We also have the set we global head ofs innovation. The phones are almost identical, except the edge has this wraparound screen. The note has a pen. What stands out to you . Out is thelly stands wraparound screen. Two screens in one phone. A big screen on the front and a smaller screen down the side. For the note device, what really stands out is the pen device, which you can use for functionality like writing in businesso pdfs use. Two very differentiated phones. Big unveiling. We heard from the head of mobile. Take a look at what
Is this going to make people switch . The iphone user is the iphone user. Rarely does the iphone user go back to and sung or htc rarely does the iphone user go back to samsung or htc. Samsung needs to care more about putting htc and motorola to pasture and staving off people like lenovo and xiaomi. Emily i want to talk about samsung pay because it is different from apple pay. How is it different . Its available in a lot more places. Jim the user interface is similar to what you with the on an apple pay device. The major difference is they bought a company several weeks ago and incorporated the new technology in the stone that is unique to samsung that allows it to be used at virtually any terminal in the u. S. The of the via the magstripe reader. Emily whats interesting is they are not charging fees for banks, though apple does. Is this something that could lead to a renegotiation of visas deal with apple . We introduced a program that effectively says if someone wants to connect to vi
Both have a 5. 7inch display, thats slightly bigger than the 5. 5inch display on the iphone 6 plus, and they work with a new mobile payment system, samsung day. Samsung pay. Will these products help samsung take on apple and rising chinese competitors . A Strategy Analytics director who covers smartphones joins us via skype from london and we upon visas global head of innovation. Visa is partnering with samsung on its mobile payment system. We also have visas global head of innovation. He will be with me through the show. Neal, i want to start with you. The phones are almost identical, except the edge has this wraparound screen. The note has a pen. What stands out to you . Neil the edge is a really nice phone. What really stands out is the wraparound screen. Its almost two screens in one phone. Youve got a big screen on the front and a smaller screen down the side. For the note device, what really stands out is the pen device, which you can use for functionality like writing directly o