But did it from computers that had tiny market share. The iphone is the trail blazers in smartphones and touch screen devices. Currently there are two ways to get information off this device, the screen and the headphone port. The lightning connector, too. You take one of those and youve dramatically reduced the number of ways you can interact with the device, a square reader, microphone, any number of devices. Will they end up being right in the long term . Maybe. But big deal. I just dont get it. This is a very evolutionary update. Why do the phone port now . Why not do it with a bigger revolutionary update when theres a clear quid pro for the consumer. I think in the long run theyll do fun. Some of the Product Companies i would argue like it. Square says it drives merchants to drive the higherprice new touchless reader. There are some companies, beats included, that might actually benefit from this. Im sure there is an element of builtin object so lessens. Remember the mac drive air
York times reporter. Welcome to everybody. We have a lot to get to this morning. A strong rally in the market but shares of am in the green after getting upgraded to outperform. It comes as the stock officially exits bear market territory. Meantime, now that the government has hacked that iphone without apples help the company is trying to figure out exactly how to fix the flaw and what comes next. A report says apple could consider forcing the fbi to reveal how it did it as part of an on going case in new york. A lot to work with here but lets start with apple stock. We were watching it to exit bear market territory yesterday. Theres the Morgan Stanley note about iphones a couple of weeks ago. What do you think did it . People might have come to their senses. What was it doing below 95 anyway. Its not like that much has changed. They came out with the iphone se is that going to change the overall trajectory of the iphone. Were not sure what the Gross Margins will be on that. People ha
Markets typically respond to rate hikes and whether this time will be any different. Obviously weve heard how the playbook usually goes in this time. Look, the fest rate hike usually is absorbed okay by the stock market. Theres that old saying, you know, three steps and a stumble or three jumps and a stumble. I have been focussing on the fact that in general were farther along in economic and the market cycles than we typically are when we get to the first rate hike like so many others things. This element of this cycle is different. You have Profit Margins that have already been higher and profits have been falling for companies. Obviously stocks are somewhat more expensive. Were actually down a couple of . I hi a lot of this kind of fouls the picture a little bit in terms of whether history can be a decent guide as to how the markets deal with this. You make the point that unless some if no immediate rupture occurs, posthike, you might see some buyers come in and you decide the water
District attorneys looking into allegations of a former principal stealing money intended for her school and students. A story only on nbc bay area. Vicki wynn broke the story and joins us with whats happening since her report. Reporter a criminal investigator with the District Attorneys Office interviewed parents about the concerns in the first report and the principal at the center of the investigation is no longer welcomed at her current job. Im not going to talk to you. Reporter thats former san jose high principal in january refusing to answer questions about thousands of dollars she spent from a secret account she opened at the school. Where did the money go . What happened to the 7,000 in expenses that had missing receipts . We caught up to her walking in as the safe schools director in san mateo county, a 130,000 a Year Position she landed just weeks after resigning from san jose high amidst allegations she stole money intended for students. Weve just learned the county placed
Increment projects and now delay them. As we venture into longterm vision making im a planner i think im in the wrong line of work but i believe we have to find the balance i think the nervousness coming out of caltrain to that agency we have aggressive schedules for immediate modernization projects and how did or does this fit in trying trying to balancing those interests are important thank you director lee. Director harper. Im glad to see this the city of San Francisco would be extremely remiss if they werent doing this Human Resources im revved i would have liked to seen it happen years ago because this project that were doing was greatly energy jisz with the prospective of high speed rail. That prospect has been severely diminished. I think we have to do this to replace that Energy Although i think high speed rail is coming it may not come for 25 years thats the reality. The only way to proceed with our project is to somehow do Something Like that with this holistic thinking that