Good wednesday morning welcome to squawk alley. Im john for the with caro quintanilla and Julia Borstin well start with apple, a cost cut for Small Developers josh lipton breaks down the news for us. Here is how the new program is going to work its called the App Store Small Business Program it launches on january 1st and it does represent a big change here. Developers earning up to 1 million during the Previous Year will now be eligible for a commission of 15 on paid apps and inapp purchases, and that is half of apples Standard Commission apple says the new program will impact what it says is the vast majority of developers selling Digital Goods and services on the store. Tim cook saying in a statement the app store has been an engine of Economic Growth like none other, creating millions of new jobs and a pathway to entrepreneurship accessible to anyone with a great idea for investors this change is also important remember, the app store is critical for apple it accounts for an estima
Mike is keeping his eye on the commute. First, meteorologist kari hall and the beautiful shot behind you. Whats that, kari . Well, just a fake background of san jose. Lets talk about whats going on for the bay area for today. Now we will have some hot weather in the valleys and also the north bay wind gusts will be pretty high today. Were worried about the high fire danger as well for today and the next several days as our winds could pick up. Hotter as we take a look at our high temperatures for this afternoon. 83 today in palo alto. Mike, whats the update on the commute . I have real monitors behind me with real Speed Sensors showing you actually changes for oakland. Lets take that up. Well zoom in to the nimitz. The northbound side got the all clear saying they are clear. The southbound side the last two minutes have speeds back to the green level. That construction is cleared heading to 23rd away from the bay bridge. In a couple minutes well show you what things are like and why th
Turn the corner . Things are getting worse. He continues to lie to us about the circumstances. This as the president comes under fire for attacking again michigan Governor Gretchen Whitmer, just days after the plot to capture and kill her was revealed. Wildfires exploding in the west. Dozens burning right now scorching homes in hardhit colorado as dangerous winds fuel the flames forcing mandatory evacuations for thousands. Ginger is tracking the latest on the emergency this morning. Miracle rescue. The mother missing in Zion National park for nearly two weeks finally found safe. How search teams tracked her down. Abc news exclusive, battle of brothers. The new book taking us inside the royal sibling rivalry. New details about Princes William and harrys relationship and the role meghan may have played in their split. The authors first interview on u. S. Tv only on gma this morning. It feels like the first time and the 2020 showdown is set. The dodgers are going to the world series. Over
Out. The billionaire Tilman Fertitta will be here power lunch starts right now the dow making major moves to keep up with the changing times and the changing economy bob is looking at the moves and how they will affect the markets. Bob a bit of a shake up in the dow but the moves make some sense. Let me explain why lets take it piece by piece first we have salesforce. Com replacing exxon mobile the apple split has reduced the tech weighting in the dow and we need more Technology Sales force reflect the growing importance of Software Overall in the u. S. Economy. You dont need two Oil Companies in the dow you dont need exxon and chevron with energy only 3 of the s p one of them chevron will do. Lets look at the dow industrials. Pfizer is the lowest stock price in the dow the price would be even lower. Another reason to move it away amgen is reflecting the growing importance of the biotech space. This sounds like two industrial swaps and they are theytheon overlaps a bit with boeing now,
Well break down the numbers later, we are closing out our series on the cannabis craze with a deep dive into green thumb. We start off with a big developing story at apple as that stock hits a fresh alltime high epic gains after apple removes fortnite from the app store. Epic blasting apple. Take a look. We shall prevail. Lets get more on this developing story jewuli julia . Epic is taking legal action after apple after apple removed fortnite from the app store. Emmick posting this individ g epic posting this video with the hashtag free fortnite. Apple saying that epic has benefitted from the App Store Ecosystem for a decade saying their business interests now lead them to push for a special arrangement and not change the facts these guidelines could level the Playing Field for all developers and make the store safe for all users epic says it isnt seeking monetary compensation but injunctive relief to allow fair competition in these two key markets that directly affect hundreds of mill