Significant expanding authorities ability, enables them to target and under executive order under 9 11. Those most of the questions had to do with President Trump announcing he is firing john bolton. It is he said she said, involving President Trump and former National Security advisor john bolton. I know what we know this is very messy breakup at the end of the president took to twitter before noon earlier today, essentially that he had fired bolton this was the, he finally broke the news. The president said i informed john bolton last night his serviced no longer needed at white house. I disagreed strongly with many of his suggestions as did others in the administration, therefore i asked john for his resignation which was given to me this morning. I thank john very much for his service. I will name a new National Security advisor next week. That is from the president. 15 minutes after that, bolton took to twitter himself, basically said not so. This was bolton. I offered to resign last night and President Trump said lets talk about it tomorrow. Only an hour before that initial tweet from President Trump the white house had announced that bolton would be in the james brady briefing room, speaking with reporters alongside the treasury secretary Steve Mnuchin and secretary of state mike pompeo but about an hour after that, that news release, or the updated guidance was given by the white house, bolton was gone, out of the white house, no longer the National Security advisor. Certainly not going to be briefing reporters. Secretary of state mike pompeo screen left there was asked whether or not he was caught off barred and that elicited this response here. Im never surprised. [laughter]. I dont mean that on just this issue. I think that secretary mnuchin would say the same thing. We work closely with the president of the united states. We have a good understanding how he is thinking about things. A. Reporter a source familiar with boltons thinking, said john bolton and President Trump had a meeting last night which there was a Heated Exchange involving afghanistan. As you know the two have differing thoughts as it relates to a potential way forward getting troops out of the country and ending the war there. Bolton according to that source, came back into the white house this morning, chaired a meeting at 11 30. Then submitted his resignation. That if you believe that source, or the president as to who offered what, who asked for what, so forth. Charles . Charles blake, thank you very much, no matter what, bolton is out, folks. For more i want to bring in former state Department Senior advisor christian whiton. Christian, when pompeo made that comment about not being surprised, never being surprised i dont think anyone is surprised that President Trump and ambassador bolton,nsa bolton, im not sure what his former title will be, that they were never on the same page with reto Foreign Affairs because President Trump, when it comes to a lot of this stuff he is not a hawk . If you set aside the palace intrigue, it is a just a fundamental disagreement. Not just afghanistan although that is a big one, but it happened on syria. You have super hawks, some on capitol hill, lindsey graham, liz cheney want to be in places like afghanistan forever. Here we are 19 years after afghanistan, what will be accomplished here that wasnt accomplished nearly last two decades. The president is inclined to get out, not only for correct National Security reasons where we focus our attention but political reince, where the American People say enough is enough. Bolton doesnt wrap his mind around that. Not just failure of policy, but failing to understand the president s Strategic Policy of cowboys and indians, to fighting apex threats like the china and iranian government. Charles apparent President Trump did try to meet with bolton halfway on some of these issues because of some of the changes. Okay, we were going to leave syria. We werent going to leave syria. There was a meeting with the taliban. Of course their actions scuttled that, but the idea that is that, President Trump says he likes to have outside sources and he wants to hear different views ultimately when it comes to implementation of policy us did the team have to be more or less on the same page . No. I think that is what is interesting about this presidency. First of all it moves at the speed of business which may shock people who are used to speed of government. If you dont perform in business that leads to change. That is what the president has done in this case. He is not afraid to take these people who have these awesome reputations and who are you know, too important, too indispensable to fire and fire them when times change he needs someone else. I think you make a good point the president is not reckless at all. He does take counsel. He takes counsel from profession als be they diplomats or generals. He is able to meet people halfway, and ultimately dial things back. I think he didnt need a gunslinger like john bolton in that position anymore because his National Security team has come together. It has jelled. He has a Defense Department no longer fighting him and state department no longer foyting him. Charles christian what will our allies say, what do we say the trump doctrine is with respect to Foreign Policy . The trump doctrine i think is more about how you go about Foreign Policy, realizing its a full spectrum of national power. It is not just sort of diplomacy or just sanctions but also trade. Also political warfare, they we call it that. Also using rhetoric and bully pulpit of the presidency. That has been an adjustment for some, not for others. I have gotten emails from concerned friends in east asia, does this mean there will be a softening of the president s tough stand about china . I dont think it will. I dont think this really changes anything. At the end of the day the National Security advisor is important but not indispensable. I think president will end up with someone next week very comfortable and with and charles they shouldnt read headlines constitutional crisis tomorrow. They shouldnt read it but they might. Christian, thank you. Thank you, charles. Charles apple unveiling products at their event in california. They continue as we speak. Susan li has been there all morning. Susan, what is the next big thing . Reporter we just got pricing on the new iphone 11. A bit of a shocker here, 699. Given the xs are at four figure price points at 999 and 1000 plus. This is very interesting. Were still rolling out the big moneymaker at this point. Iphones still make up for 50 of apples revenue. This is a very interesting announcement. Lets talk about the other rollout as well we have stocks being affected. Disney, netflix, hitting session lows and roku, taketwo interactive. Because when a big player like apple gets in you have to be concerned. We got pricing as well for the apple tv plus, the new streaming service that will roll out november the 1st. 4. 99 a month. Compare that to disney plus at 6. 99 a month and netflix at 12. 99 a month. Apple is trying to undercut the competition when it comes to pricing, get more users on board. We have apple arcade. That is the gaming streaming service. Also 4. 99 a month as well. They will offer more than 100 exclusive titles when it launches on september the 19th. As forward hair were introducing phones at this point. Tim cook is still on stage. We also got a new ipad, the seventh generation new ipad is announced. That comes in at 329 available september 30th at end of this month. Im not even finished yet. We got a apple watch which was usually expected they usually announce watch at the annual events for the past few years. The watch 5 series is coming out. A lot of new health features. If you want cellular that is 499. They have a cheaper apple watch version starting at 199. This is a twohour event of we passed one hour. A lot of announcements here. Theyre still talking and going through some of the specs on the iphone 11 which has an improved camera system as you see and includes a dual camera. A lot to go through here. Back to you. Charles come back to us when he gives us that one last thing, infamous one last thing. Im sure to happen. Port port that is a steve jobs thing, right . Charles exactly. We welcome new beinger berman senior analyst. Iphone 11, 699 is that a shocker . That price is a little bit lower than the market and we were expecting. I think it is positive overall. I think the company is able to do that because with each generation, some of the components come down in price. Ultimately we had about the User Experience and integrating hardware, software and services to keep installed base happy. It is continuing to grow. We need people to consume more over time . Charles dan, isnt that what were seeing, a transition, Inflection Point of apple where now it is not a loss leader of course but susan li made the point that the iphone is half the revenue. There was a time it was a lot more than that this last Earnings Report we saw a major spike in services, we saw a major spike in wearables. Is it possible they price the iphone a little less so they can segue the folks into the apple halo which now includes services . I think thats right, charles, maybe to step back for a moment, if we think about the history of the company here going back to the ipod which helped to reinvent apple, then the iphone and then iphone is a much bigger business i think part of what is going on here, this broadening of the revenue drivers, broadening into services. The products and services can compliment one another. And so, if youre able to bring customers into your ecosystem and really deliver value to them, the products and services have changed the way people live, work, play, socialize, that is really important. If you can create value for your customers, ultimately you can help create value for shareholders over the median term. Charles a month ago i was in the mall at a store, four women working at cash registers, three of them had the iwatch on and they have daily competitions, who get their circles and their activity. You know, ive been paying attention to this. I think this watch is now going to be a grand slam blockbuster that could be a major driver to the bottom line. Am i wrong on this . Charles, i agree with you. I think the watch is enabling the company to extend into many new areas. Health care is of course a critical one and what is happening is, with each generation, the features, the functionality, are Getting Better and better. Were of course hearing about, tim cook talked about impact on peoples lives, in terms of saving share lives, helping them lead healthy healthier lives. All of us look to lead healthier lives. If the device is worth that, it will be of value. Charles every day my wife lets out a yell when all her circles connect. It is ingrained to so many peoples lives and a wrap to some other things. The question marks, start with the arcade, 4. 99, do they have just to be in this space . Im not connecting apple to the gaming space just yet. Well a couple of points would i make. So first of all the app store as it is has a very big gaming business. So apple has already been in the Gaming Market for several years and a revenue driver. Charles is there a beg blockbuster associated only with apple . No there isnt but what i think well see here, these curated games are really aimed at i think a broader audience, not just shootemup games or Something Like that. Well have to see. Well have to play them. Obviously this is the first step what i expect to be a multiyear journey in gaming but it is important. Charles of course the tv situation. 499 they like the 4. 9 the price point. 100 titles, crowded field where billions and billions of dollars are being spent on content. The price point is low, is it low for a reason . Is it low maybe because it is not as competitive, will not be initially certainly competitive on a content basis . It is very early. We have seen a few previews. We saw another one today. This is an area where apple is bringing in talent this is not their core dna but they have been evolving this way. The price point, bundling the offering with new products will help drive some initial traction but it will come down to their ability to continue to create differentiated content. The field of course is competitive. Charles sure. But the market is changing. So i think there is a place for apple. Charles all right. Dan, great stuff. More news coming out at cupertino. If you can please stay with us right there. Of course we expect them to unveil a whole lot of other things including even more information on the iphone throughout the hour. As news breaks well go to dan, go also back to california. Of course were also looking at how the markets are reacting to this and all the other breaking news. Well be right back. Lease the 2019 rx 350 for 399 a month for 36 months. Experience amazing at your lexus dealer. My body is truly powerful. 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Here, hello starts with hi mple. How can i help . A data plan for everyone. Everyone . Everyone. Lets send to everyone [ camera clicking ] wifi up there . Ahhh. Sure, why not . Howd he get out . a camera might figure it out. That was easy glad i could help. At xfinity, were here to make life simple. Easy. Awesome. So come ask, shop, discover at your xfinity store today. Charles apple shares seesawing back and forth, virtually unchanged as the big even continues to unfold in cupertino. What does it mine for the stock the outlook over all . I like to bring in sure vest ceo and chief strategist, rob luna. Rob, weve been high as 215, down as low as 211. Wall street trying to gauge this every time a new announcement is made, still inconclusive. Where do you see the stock going . Stuart, i think there are pretty big announcements today which are good for apple investors such as the streaming Service Coming out at 4. 99, even potentially arcade. Scary if youre a netflix shareholder. Dan was talking previously about the ecosystem apple has. All these things are lending to increasing market share, increasing experience that iphone holders have, ipad holders have but if youre netflix, without this ecosystem what are you going to do . Very scary time. This is great news for apple shareholders. You were talking about the watch, inroads theyre making into health care. A lot of good things for apple investors. Next year 5g. If you own the stock i think you hold on. I would use weakness in the markets, maybe china trade deal, if you have not entered position looking into enter a trade here. Charles to your point netflix is down nine bucks. Roku came down yesterday after a phenomenal run. They are giving up lot of ground. Apple this year mostly sideways, trying its best to peek into the plus column. Technology in general seems to be struggling whether Communications Services or technology. One of the thinks im seeing in the last few sessions is this major, major reversal, this sort of bigtime thing. Today, fingerprints, energy is up 1 but for the last year it is down 21 . Industrials are up, but for the last year theyre down. Materials are up but for the last year theyre down. Is there Something Different going on in this market . Yeah, that is a great point, charles. Something weve been looking at for the last week as well. We talked about it last week. There is a huge shift going from growth into value. Youre seeing small cap names pick up. Youre seeing money flow into emerging markets. What investors are looking for, markets bumping up against alltime highs. Theyre looking for places they can fine value. Value stocks have been significant underperformers for years now. I think were seeing a rotation go on. Even if you look within sectors, one of the screens we look at is stocks trading versus their fiveyear average. Stocks trading at a discount to that average right now are doing extremely well where stocks trading above that are negative. I think we might even see from the institutionnal side a pairs trade going on here where people are buying these value stocks and shorting the growth stocks. How long, how far that foes nobody knows. If youre an investor definitely something you want to Pay Attention to. Charles the meek will inherit the earth and at some time the meek stocks outperform the hot stocks. Rob, thank you very much. We appreciate it. Thanks, charles. Charles folks, guess what . Theyre back. Talk about congress in session after record long august recess. There is lot to play, gun control, avoiding a Government Shutdown and usmca. Will nancy pelosi finally put that to a vote. In a moment President Trump will speak at the National