Major overhaul coming for apple music to make the service easier to use. And they say that musician trent rezner has been brought in to oversee the redesign, and there are some clashes with jimmy iovine running his own negotiations. And so, the maps and the watch, and music, and sometimes the first inning is not the best inning. True. Im not personally a big fan and user of apple, but they do though have 13 million paying subscribers that is to my back of the envelope calculation is 1. 5 billion annual run rate, and that is pretty good. They are continuing to grow, but the service is pretty clunky and hard to use and not exactly great from the experience. And now, with this new position to take over the rein, and they will have more user pleasure as they try to streamline. And melissa, what about the lines of the hardware as opposes to the services . Well, it is important because apple has put a lot into it. They are putting a lot of marketing into it, and they have got at lot of star
He has a near perfect record. At 7 30 eastern time, Marathon Asset Management Bruce Richards is betting big on europe. Coming up at 8 00 eastern time, well get political with former obama chief of staff bill daley. Hes now working for a swiss hedge fund. A lot of them will be talking to what weve been talking about this morning. First, lets get you up to speed on todays headlines. Are you ready for this . Im gary owens. Ive got one of these things on. Its like youre madonna, only i need yes. That wont look at good on me. You already hear some of the buzz . I realize again why we have these on. Theres a huge thing going on behind us. Not yet because its early. But today, tech is the dominant. That was the dominant theme of this mornings stocks to watch. Lets start with apple and ibm. The two teaming up on a Partnership Starting this fall. Ibm will sell iphones and ipads loaded with applications geared at business users. Shares of both companies did rise after hours. I took a look last n
January the committee saw data that led it to be quite a bit more optimistic about the economic outlook. So i would say incoming data since january when our statement sounded quite an optimistic tone partly down due to weather and partly down because we probably overdid the optimism inform january, so in some sense our views have moved around here a little bit, but if we take december to march, committees views are largely unchanged. Youve served on the fed previously. Im wondering now in the past few weeks as chairwoman, whats been different about being on the fed and your responsibilities as chair compared to being just a board of governor member . Well, thanks. I feel im very lucky that ive had a lot of fed experience to draw on as i approach this role because its complicated and now in many ways i feel the buck stops with me in terms of management of the fomc and responsibility to assure that the Federal Reserve makes progress on its goals of getting the economy back on track and m
Good morning aesh within. It is wednesday, december fifth. We begin with the new Court Filings from the special counsel concerning former National Security advisor, Michael Flynn. Muellers team says flynn has are provided substantial assistance with with several ongoing investigations and advising he receive little or no prison time. Flynn has provided interactions between the Transition Team and government officials. Flynn has met with the special counsels team 19 times and provided them with documents and commune kaez. The memo said flynn began providing information to investigators not long after the government first sought his coopries. His early cooperation was particularly valuable because he was one of the few people with longterm insight. It also extends to a criminal investigation, separate from Mueller Probe but the next 22 lines in the document have been completely redacted. President trumps legal team is weighing in on the new court filing. National political reporter. Good
index trading lower. every sector was down with the trade macrosector suffering the worse. as you mention a lot of indicators like we saw in 2007. how concerned should investors be about all these market swings? well, a lot off the analysts we ve spoken to over the last 24 hours do believe this reaction is over done. and jim kram has pointed to the role of algorithms in the latest sell off. so if this was a machine driven sell off we may be poised for a rebound. we will have to wait and see how the u.s. markets react on their open. but there is potential this was an overreaction. the picture is far less grim than the market would suggest.