2. 14. Our road map begins with apple and new product announcements. Did we see anything that would move the needle . Plus a big change at j. Crew. Mickey drexel is helping down. New chief executive coming from quest elm. The president taking to twitter ahead of congressional meetings today. Lots of buzz surrounding apples answer to the amazon echo and google home, the new home pod unveiled at apples Worldwide Developers conference. Heres tim cook making the case for that product. We have such a great portable music experience, but what about our homes . We think we can do a lot to make this experience much better. Just like we did with portable music, we want to reinvent home music. Jim, we got the ar kit, we got amazon on apple tv, but home pod really stole all the headlines. I have the logitech music system. I have the Harmon Carden music system and i have the echo. I would tell you that the echo is really great. You can talk to the echo, but i talk to my wife. I dont need to talk t
Good tuesday morning. Welcome to squawk alley. Jon fortt, sara eisen and myself at post nine. Apples conference is usually focused on software but this year hardware is stealing the show. Josh lipton has that story from san francisco. Hey, josh. Reporter thats right. Apples ceo tim cook took the stage and unveiled home pod, a new smart speaker. We have such a great portable music experience but what about our homes . We think we can do a lot to make this experience much better. Just like we did with portable music, we want to reinvent home music. Reporter the smart speakers are integrated with siri, designed to work with apple music which we learned has 27 million paying subscribers and 349, home pod is pricier than rival devices from amazon and google. It ships in december. We also learned about new partnerships at last years code conference, remember, amazons jeff bezos said the two companies had not been able to negotiate acceptable terms but apple announcing that amazon, prime vide
Much great stuff is out there. Its ridiculous sreenivasan all that and more on tonights pbs newshour. Major funding for the pbs newshour has been provided by we can like many, but we can love only a precious few, because it is for those precious few that you have to be willing to do so very much. You dont have to do it alone. Lincoln financial helps you provide for and protect your financial future because this is what you do for people you love. Lincoln financial youre in charge. Supporting social entrepreneurs and their solutions to the worlds most pressing problems skollfoundation. Org. The lemelson foundation. Committed to improving lives through invention. In the u. S. And developing countries. On the web at lemelson. Org. Supported by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant and peaceful world. More information at macfound. Org and with the ongoing support of these institutions this program was made possible by the corporation
Much great stuff is out there. Its ridiculous sreenivasan all that and more on tonights pbs newshour. Major funding for the pbs newshour has been provided by we can like many, but we can love only a precious few, because it is for those precious few that you have to be willing to do so very much. You dont have to do it alone. Lincoln financial helps you provide for and protect your financial future because this is what you do for people you love. Lincoln financial youre in charge. Supporting social entrepreneurs and their solutions to the worlds most pressing problems skollfoundation. Org. The lemelson foundation. Committed to improving lives through invention. In the u. S. And developing countries. On the web at lemelson. Org. Supported by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant and peaceful world. More information at macfound. Org and with the ongoing support of these institutions this program was made possible by the corporation
Out, you can see that japan, the nikkei was flat, too. The hang seng and shanghai deposit down, too. Japan, the flat market there, japan avoiding a recession in the First Quarter gdp expanding by an annualized 1. 7 . Much more than a 0. 2 increase forecasters had predicted. Take a look at whats happening in european equities, the modest dines for the dax, cac, ftse. Down by 0. 25 . Take a look at crude oil price this morning, kruld is unchanged got all the way up to 48. 31. Brent crude is down six cents to 41. 42. Finally check out currency, across the board after comments from fed officials making it sound like june is actually a live meeting. Well debate this. The euro is at 1. 1266. The yen at 109. 41. Weve got top stories including political news, Bernie Sanders winning the oregon prime but nbc news is reporting that Hillary Clinton is the winner in kentucky. 99 tallied. Shes now within 100 of the delegates needed to clinch the democratic nomination. Goldman sachs downgraded its eq