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Great britain. only the u.s., china, japan and germany are larger than the market cap of apple. the stock settled back slightly to close at a market cap of $2.99 trillion. a figure all the more remarkable because of how fast apple got there. it took 42 years from its launch in the bay area garage to reach its first trillion dollars in value. it took just two years to hit the second trillion. the third trillion, 16 1/2 months. the stock was up 35% last year. apple won t be alone for long. analysts think microsoft could follow its tech titan rival into the three high mile club in the next few months. remarkable. early start continues right now. good morning, everyone. this is early start. i m laura jarrett. and i m christine romans. exactly 30 minutes past the hour this tuesday morning, that means it s time for our top stories to keep an eye on today. as omicron surges and more ....
Okay, gdp and market cap, that s comparing apples and oranges, i know, but you get the idea. apple shares up nearly 35% last year. apple, john, is making a fortune on the iphone 13 and the services, apple ltv, music, the store. the store hit the all-time high, and later closed at $2.99 trillion in value. still, that figure is even more astounding considering how fast apple got there. it took 42 years from its launch in a bay area garage for apple to reach its first $1 trillion in value. then just two years to hit $2 trillion. just 16.5 months to hit the big 3-t. it is a value unheard of even a few years ago. now, it may have some company in the $3 trillion club. microsoft is worth $2.5 trillion. google owner alphabet is right around $2 trillion. the 3-t club. i bet there is a secret handshake for that one. gm, though, on the subject ....
Higher education, increase in pell grants by $550. this is the framework that the white house is releasing and to be clear, the white house was not assuring reporters this morning as they spoke to us that they have assurances from senator sinema, senator manchin or from any other lawmakers, frankly, but the white house does believe president biden is behind this and they want to make the case to house democrats this morning. they re laying out how they re going to pay for this. they estimate $1.99 trillion, mostly including tax increases on corporations and on the wealthiest americans. 15% minimum tax on large corporations, which we know senator sinema agreed to already. 1% tax on stock buybacks and rate increases on income above $10 million and on income above $25 million. that will still need to be scored by the joint tax committee in order to actually see exactly how much revenue can be taken out of that, but let s ....
With you, i m going to stand by you. we have this $3.5 trillion human infrastructure package that will address this. if he stopped at the bipartisan package, he might have a good argument to make. some of this other stuff, i don t know. don t forget the big story from friday with senator joe manchin saying in the wall street journal, i can t go for $3.5 trillion. we have to put a pause on it. neil: what could that mean? could be $2.99 trillion. in the end, he almost always votes where the democrats or setting up a smaller number. well, you know, you re going to have to have him on your show to answer that question. i don t know what s going through his mind. i think all americans, democrats and republicans agree $4.5 ....