Here to welcome fans inside the store. The line here, i can tell you guys, does stretch down the block. The new features and functions, fans excited about obviously this is a faster phone, a phone with a display thats about 25 brighter, and that new camera, at least according to fans weve been talking to online, that is the feature that has them excited. We talk about this phone obviously initially, expectations did seem relatively tempered, but then we did get those better than expected preorder numbers and, yes, we know the carriers were offering aggressive promotions, but financial Analysts Covering the company did still see the data points as encouraging. Now the question is how many people will upgrade and can the upgrades jumpstart the iphone franchise . We know thats a franchise which has seen two straight quarters of sales declines. The great bull bear debate. Bears like Collin Gilles are not competent. They think these changes are too incremental. On the other hand, you have guys like piper gene munster. Hell argue theres just a large pool of people waiting to upgrade. Munster thinks theres about 275 million active phones older than a 6, and thats why he thinks a lot of people will upgrade even if the changes are incremental. Thats the debate on the street. Though we have seen, obviously, apple have that pop touching that ninemonth high this week. Back to you. Josh, thanks for that. Obviously, the apple marketing machine in full effect. Well be looking at scenes like this in new york and all around the world today. Lets get over to d. C. Kara swisher joins us as she does on fridays. Good morning, kara. How you doing . I was just thinking without figures this opening weekend, just having to go on what you see, its sort of like flying without instruments, isnt it . Yeah. Its doing what . Im sorry. I didnt hear you. In terms of watching apple, judging how well this phone is going to do. Yeah. It looks like people are excited about it. There are lines. Of course youre in palo alto, which is sort of the home of all the geeks so theyre going to want to upgrade. I think the question is how many people will upgrade, how many people will want to switch their phones if theyre in midprocess with their upgrade cycle and things like that. Obviously its a better phone. Its not as walt has said many times, they didnt break the bank here in terms of changing the entire the look and feel of it, which i was hoping for and i think he was also. But there are some nice things. You can drop it in the toilet, better battery life, for example. Im not worried about the toilet so im not upgrading. Most of i 7 and pluses are almost sold out, great marketing for the company, but how would you judge and grade the companys ability to gauge demand for a new product like this and then to meet that demand . I dont know. I think it will be interesting. Obviously, the stock is way up, people feel good about it. I think there was a lot of disappointment after the launch event. I think a lot of people felt, eh, i think walt called it aggressively fine. And so i think the question is will people get the new watches, are there enough people that want that gps thing, are there enough people that were in the 5s and want to come to 7s. But i think a lot of people and theyve been benefitting from whats going on at samsung i think a little bit. And so i think theres an opportunity here to do well. The question is when they do the next cycle of phones, will it be a drastic change. This is most of the attention is around this headphone jack situation. Its not a crisis as most people are making it out to be. The question is whether you want that phone or not. Theyll probably do very well, especially because there are so many 5s that people want to get to the 7. Kara, the unknown question to me, kind of the undercover part of the story, is the carriers more aggressive promotions versus the last cycle, which i think are accounting for a lot of them. What do you think is the cause of that . Sprint, for example, is saying get a 32 gigabyte iphone 7, which is the low end, for free can with an eligible tradein and everything from the iphone 6 up including some samsung phones count as a tradein that you can get for that. That was the sort of thing that carriers had stopped doing to protect their profits. Theyre pretty much saturated with smartphones now. Whats their incentive to try to get people to get the 7 . Thats what theyre doing. Thats exactly what it is. If you have a phone that everybody really wants, you dont have to discount and thats discounting, simple discounting. They want people to take this phone. You know, i think most people a lot of people are going to go higher that the more point is theres more storage and things like that. Its still an amazing deal for people if they want to get a great phone for cheap. And so, you know, its great that consumers can get it in their hands but then its a great phone for cheap. And so, you know, discounting is a signal should be a signal to everybody that some of the carriers are worried if people are going to do these upgrade cycles so, well see as it moves through. Its going to probably be a little longer process, but its nice to go to those events and the people screaming and tim cook doing selfies with people. But, again, this is an interim phone. I dont know how else to put it. Kind of an interim phone, but its not theyre having a party in palo alto. For being a place holder, its resulted in a nice 12 gain for the week. Decent. This morning i woke up, as an aside, speaking of phones and email and the like, theres a piece in the New York Times about Television Anchors and politicians going home and deleting their Gmail Account because of the lesson that colin powell has learned in a tough way this week. Would you do that . No. I say things mostly out in public. Im sure ive had emails that are terrible. But i think its interesting a lot of these politicians, one of them at the bottom of the story was funny, i cant remember which senator, but he goes, the russians already have my email so whats the point . So im not going to delete it. Its an interesting question. We communicate on these twices in a very unfettered way. I think especially because colin powell is sort of seen as this elegant, stoic man and then in emails hes kind of gossipy, hes kind of mean, hes funnelny in some cases. And so i think thats you know, thats the dichotomy of that you express yourself in these places and think that its private and its not. Text, the same thing. Theres all kinds of areas that youre just not safe. Good thing we have encrypted messaging xempt its a bad thing or a good thing. I use telegram a lot for especially private stuff that im doing. Soond i think people should begin obviously you want twofactor authentication, you want to be as protected as possible. The fact of the matter is these are very sophisticated hackers and they can get into a lot of stuff as difficult as it may be. P careful what you say. If you dont want to see it on television with john fortt talking about it, you probably shouldnt type it. I dont think ive written anything about you, john, but i apologize in advance if i have. Everybody must be talking about me. That john fortt. But i like carl. Carl, nothing mean about you. We all like carl. Who doesnt like carl . Like, come on. Kara, thanks. See you soon. Kara swisher joining us from washington, d. C. , today. Youre looking now at a live shot of republican president ial nominee donald trump in washington promising a major statement at this campaign event. Were going to monitor this and let you know if any headlines cross. He has already started out talking about his new hotel in washington, which is going to get some attention today, as well. Yeah. Well keep our eye on that. Meanwhile, were also watching shares of amazon getting a boost this morning. Analysts at Rbc Capital Markets upgrading the price on the stock from 840 a share to a round 1,000 there. Tied for the second highest target on the stock, this as the company prepares for sundays emmy awards going in with 16 total nominations. The analyst who made that call, mark mahay knee. Great to see you. Youve been paying attention to the pillars making up the fly wheel at amazon and alexis seems to be something gaining momentum. Why do you think it has such a big potential here . Okay. So alexa, what we mean by that are these voiceactivated devices they have in the market. Theres the echo, tap, the echo the most popular one, about 180, a small device. No screen, you just interact with it through voice and you can actually ask it to place orders for you on amazon. Based on our survey work, its not got only about 33 Brand Awareness against amazon customers so less amongst the general populace, but thats pretty general given its been in market for about a year. About 7 Million Units shipped so far. A data point in the survey said about a quarter of alexa device owners already are using it to more frequently purchase products from amazon. So this has the ability to be a prime a fly wheel driver for amazons Retail Business in a way that prime in the past was as well. It gets you to purchase more products. Your share of wallet and purse with amazon will continue to expand. This seems like theyve got a hit on their hands in the early stages. Dont you think the fact that, yes, 33 of customers are aware of it, but only 6 have rushed out and bought it, means that maybe its not a musthave for people . Yes, youre absolutely right. Its not yet a musthave. Could bit over time . Thats the question. The broader point of our survey report is were seeing prime adoption ramp pretty materially now. When we first started tracking this three years ago it was about a quarter of amazon customers were prime subscribers. Now its about 50 . Alexa comes in and its just another factor. Amazon doesnt need any one factor, but it has a series of factors building together whether its more thirdparty vendors on the marketplace, more products including groceries, now whether its more devices that are tied into amazon and theyre making alexa functionality common across multiple different devices. You now have 3,000 developer apps as part of the ecosystem, if you will, for aelectric San Jose Sharks and thats going to keep building like theres a new ecosystem thats being built across technology. Dont tell anybody this, but it is happening, but its alexa and it doesnt get that much appreciation in amazon stock but it will. Lets talk twitter. Up around 4 this morning, which is a pretty good amount for twitter, above 19 bucks a share at this moment. And this the morning after the nfl debut, which i was surprised. I was kind of poohpoohing it yesterday, they were going to have interface difficulty. But it looked great within the app last night, though i found it a little difficult to find inside the app last night. What are your thoughts around what twitter might have proven last night and where it needs to go from here . John, i watched some of that game on twitter last night, and it was an interesting immersive experience, the ability to watch the bills jets game live and watch the tweets below it. It kind of added to the entertainment value. Now, i just dont know how many more people are really going to want to do this and whether it takes that 66 million roughly u. S. Monthly average user base for twitter and materially increases it or not. I think thats still a question mark. Ill be skeptical on that. We are skeptical on the stock. Were not buyers of it. That First Experience was better than i thought it was going to be. The nfl is not a fat enough train to hitch your wagon too, what is . What would move users then . Its an open question. Twitter was incorrectly pitched as a broad platform. Theres nothing nearly as useful as social about twitter as there is about other things like an instagram, like a snapchat, and like a facebook, all of which are materially bigger than twitter. This is really kind of a pr News Wire Service on the internet. They need to change the user interface, change the way people think about twitter, and maybe the nfl will do that, but then id also raise the open question of do people want to really use twitter for Live Streaming of events . The whole point of twitter and a lot of the internet was to make things on demand, where you take out the time dimension of the service. I dont know. Its an open question. I wish i had a great answer to how they double or triple their mau base. They obviously dont have it because its flat lined for six quarters in a row. Maybe it turns the corner. I doubt it, though. One step perhaps in that direction, mark. Well see. Appreciate your time. Have a good weekend. Thank you. Mark mahaney from rbc. Intel shares rallying after the Company Raised its revenue forecast for the third quarter. The company now expects 15. 6 billion in revenue plus or minus 300 million, up from a previous midpoint of 14. 9 million. Intel pointing to science of improving pc demand, some channel fill in. Meanwhile, oracle shares slipping after missing on both the top and bottom lines last night. The ceo said currency moves after the surprise brexit vote were a major culprit. Remember, oracle reports a little earlier than others before brexit. And execs were actually happy with the quarter overall, she said. Now, guidance for the Cloud Business came up two points, but the overall revenue guidance that oracle gave was slightly lower than street wanted and that was the main factor pulling the stock down last night during the call. When we come back, a lot more to come. Regulators officially recalling Samsungs Galaxy note 7 after warnings over battery fires. Man who ordered the recall, the head of the Consumer Product safety commission, will join us live. Plus the future of daily fantasy after a long legal battle across the country. Well talk to the ceo of fand l fanduel. And ken burns on why he has an historical obligation in his mind to speak out against donald trump. Theres a lot of places you never want to see 7. 95. [ beep ] but youll be glad to see it here. Fidelity where smarter investors will always be. If only the signs were as obvious when you trade. Fidelitys active trader pro can help you find smarter entry and exit points and can help protect your potential profits. Fidelity where smarter investors will always be. But your time is over. Had a good long run. Its time for something new, something simple. Grown right here in california with absolutely no antibiotics ever. Food were comfortable eating, making, serving. This is the new comfort food. And it starts with foster farms simply raised chicken. California grown with no antibiotics ever. Lets get comfortable with our food again. The u. S. Consumer Product Safety Commission issuing an pentagon official recall of the Samsung Galaxy note 7. Join us is the chairman of the cpsc, elliott kay. Thanks for being with us. Good morning. Thanks for having me. Im wondering in the age of social media where news spreads so quickly, did samsung do the right thing in this case . I mean, back in july, you called a hover board recall of a half a Million Units huge. This is twice that size. We were hearing mixed things from samsung initially about the scope of the issue here. They were offer ing ing to do tradeins before you announced the recall. Is this how things go now . It shouldnt be. Thats not the way rerecommend it and as this case proved thats certainly not ideal. What is the ideal . What should have happened . What should have happened is the Company Comes to us right away and we can quickly turn around once we get the information we need the proper recall. Its much better for the companies because they get a smoother process and its better for consumers because they get an independent verification that the remedy is the right one. Whats your understanding why samsung didnt do that . Had they not identified the cause of the problem . Does the company need to know exactly what the source of the issue is before they come to the cpsc . No. The law is a very low threshold. Once they identify any type of problem, they are not supposed to wait and investigate it. They are supposed to come to us right away and we can work with them both on the investigation and getting the word out. How much sooner ideally would samsung have come yo to you . We were seeing reports on social media and even out of samsung about what consumers should do before the cpsc had said anything. I think it was almost a week ago we were first seeing that word out of samsung itself. Yeah. For a recall to work properly, we need to know before the company is alerting the public, and obviously that did not happen in this case. Thankfully, were in a place now we have a good remedy in place whether its the refund or the replacement. Can you think of historical precedents to this one in terms of the degree of danger, the size of the recall, and the number of units that had already been sold . Where can we go to history for something on that . I think when youre talking about batteries, you get into these arias, and hover boards is a good example. I think that was a perfect one. And my sense is that were probably going to end up seeing more of this and thats certainly a concern of mine. Why is that . Why do you think well see more . I just think theres a lot of Competitive Pressures that are understandable to try to turn these products out. Consumer demand drives smaller, thinner devices, and manufacturers are under a lot of pressure to meet those specs on a very tight time line. Of course this isnt just a samsung problem. Weve mentioned several incidents with the hover boards and also hp had an issue with laptops at an earlier date. Im just wondering if there comes a point where the cpsc does something more broadly about lithium batteries, because they are present in so many Consumer Products. Yeah, and this is one of those things that keeps me up at night. We dont have the broad Regulatory Authority to intervene earlier, but we are going to take a look at with our authorities what we can do to try to bring all the relevant parties together to have a more forwardthinking view. In the Manufacturing Community in particular about how to address these hazards. I dont think this is the end of it, thats for sure. Are you thinking of dell, kayla, that had the issue with laptop batteries . I might be. Okay. In a perfect world, commissioner, i was wondering what this looks like for you. You mentioned you dont have the authority to do this on your own, but lets say, fast forward, one, two years and you have all these conversations. Ma whats the result . I think the result is that consumers have the confidence that they dont have to be concerned that if they use a product with lithium ion batteries that theres going to be a fire hazard. Theres some pretty scary footage out there of what some of these fires and whether it was hover boards or phones, what these have caused. Consumers shouldnt have to be concerned about it. There are hazards with products were aware of and consumers can anticipate. You should havent to look at a product like this and say, hey, is that going to burn my house down. Thanks to you, elliot kaye, chairman of the cpsc, sending notice effectively to all types of companies, tech companies, too, during this age of lithium ion batteries. Go to the cpsc first before you hit social media and talk to consumers. Thanks for joining us. Absolutely. Thank you. Quickly, john, i am thinking of hp. It was june 23rd they recalled batteries for hp and compaq Notebook Computers because of fire and burn hazards. Smaller recall, about 50,000, but a few months ago. Woet of them, i suppose. Up next, documentary filmmaker ken burns on why he has a reason to speak out against donald trump. And intel rallying after raising revenue guidance for the third quarter. Do you worry if youve saved enough for retirement . Are you or your spouse 62 or older . A governmentbacked reverse mortgage enables you to turn the equity youve built into the retirement you deserve. With over 20 years in the mortgage business, lendingtree allows you to compare free reverse mortgage offers with no obligation. Just go to lendingtree. Com or call now to get started. Live in your home and get the steady income you need. Enjoy your family. Your home. Your life. Lendingtree when banks compete, you win. Whats that . The number of units well make next month to maximize earnings. Thats a projection. No, its a fact. Based on hundreds of proprietary and open data sets folded into a realtime, actionable analytics model. Nine. Eight. Three. Five. Two. Youre not gonna round that up . You dont round up facts. Powerful analytics driving decisions for the worlds most valuable brands. Hewlett packard enterprise. For 216 years, our elections, though bitterly contested, have featured the philosophies and characters of candidates who were clearly qualified. That is not the case this year. One is glaringly not qualified. Documentary filmmaker ken burns speaking out against donald trump at stanford earlier this summer. We talked to burns for an upcoming episode of binge asking why he felt the need to speak out so forcefully this time around. Take a listen. I wasnt speaking as the person who makes films. Im speaking as a citizen who knows about history, who has always tried to be nonpartisan in everything. But in this case, i felt it was time. There was a circumstance where i felt the person running for president was so unqualified, and i am not alone. Almost everyone in the historical position knows that to be the case and have written about it and talked about it and have tried to warn a populace sort of distracted and infatuated with a media circus. Were you hoping to avoid giving that speech . Very much so. Very much so. It was it was very, very hard to contemplate, but there was something in my conscience that was nagging at me, and i felt like i had to speak out as a citizen. Never in the history of the republic, for 216 years of real contested elections, the election of 18 shushgs the first one between jefferson and adams and others that was really vitriolic. Never had we had somebody so manifestly unqualified to do the job. So theres no historical antecedent in this country. In the history of there are antecedents other place which is you dont really want to contemplate. And this is not an opinion of somebody who comes from the left wing. This is the opinion of very, very conservative almost the entire republican intellectual intel yens ya has repudiated this person. You barely say thiz name. I dont say his name. It was important for me not to do that, to just speak to what i felt was a historical moment. And my obligation as a citizen, not as a filmmaker, not as an amateur historian, but as a citizen to say i dont think this is right, can we stop. We have seen in other histories campaigns built on fear and fear mongering, and that you dont need that here. For people who respect your work, enjoy your work, who support him yeah, i say its not going to change my day job. This is my opinion. Youve got your opinion. Thats what americans are about. And i think unfortunately weve gotten to a place where we are at daggers drawn all the time, that our relationship to who we are with have to do with our politics rather than our community. Interestingly, our intention was not to have a political discussion with burns. He has a new documentary coming out on pbs about world war ii. The part of the discussion is about what you do when you have worked your whole career to have a sense of quote unquote neutrality and then decide to go against that, what price do you pay. And for those who might not be familiar, theres this world war ii documentary. Hes done the civil war. Hes don the roosevelts. Lewis and clark. Thomas jefferson. He is steeped in history and the american tradition. I wonder if people are able to separate that out in this partisan environment and see what hes saying about what it means to be american. You wonder if theyll be able to. I mean, people could watch that and say, yes, he is neutral in his work product. But hollywood generally leans left so, there could be some bias seeping in just in the company that he keeps. Certainly the stanford audience you could argue was left. So trying to maintain some balance for those people who support trump in that conversation. But kent has obviously made up his mind. More with our interview with ken burns very soon. Then on monday on the heels of the emmys, legendary sitcom director jim burrows. Well talk content with the man behind friends, cheers, big bangs pilot, all of that on binge on hulu, apple tv. Europe is closing as we speak. Deutsche bank really is the catalyst for todays selling news of the doj asking the german lender to pay 14 billion to settle a probe of its alleged role in the u. S. Mortgage crisis is sending ripples across the broader european banking sector. Royal bank of scotland, credit suisse, barclays all foreclosure todays trade. Deutsche bank shares have lost more than half their value in the past 12 months. Politics, the eu summit in slovakia is under way without the presence of uk Prime Minister teresa may. Francois holland of france and Germanys Angela Merkel defending the european project and denouncing the idea of disintegration post the brexit both. Both leaders continue to face uncertainty ahead of their respective elections in 2017 as we see the rise of populist parties across europe. The National Party in france. The antiestablishment afd which defeated Germanys Merkel in her home state two weeks ago. She now faces another possible setback this weekend in an important Regional Election in berlin. Just brings up the broader theme weve been talking about this week as referenced by many of our guests. The polarization of politics and the impact that could potentially have on europes economic recovery. Thank you. A worldwide phenomenon indeed. Coming up, the iphone 7 is officially available. Are buyers still going to turn out in force despite big changes . Well talk to Apple Employee member 66 brucing tonazzini. And over unknown creative differences. [ crash ] and reunited three decades later for a tour that sold out in three minutes. And your cisco hybrid cloud handled millions of ticket orders without breaking a sweat. Before all of this, [ crash ] the experts at cdw orchestrated a cisco hybrid cloud solution. Scalability by cisco. Orchestration by cdw. Why dont you let me. And me. Help you out . Youre gonna hear what i say. I love taking stuff apart and building new things out of it. Anne pals my most advanced annedroid. [gasps] this is awesome. Oh anne you havent seen anything yet. Announcer give your Cardboard Box another life. Im sue herera. Here is your cnbc news update. A Jordanian National was shot and killed today after he tried to stab officers in jerusalem. It was the late nest a yearlong wave of attacks on civilians and soldiers that have killed 34 israelis and two americans. Parisian officials evacuated hundreds of migrants who have been living on the streets of the french capital for weeks. They say more than 1,000 migr t migrants have been transported to temporary shelters. Former House Speaker john boehner has a new job, joining the board of tobacco giant reynolds american. Boehner, who is widely known for his cigarette habit, generally smokes camel ultralights, which are made by reynolds. And a fire hazard has prompted Ge Appliances to recall about 222,000 toploading washing machines. The recall involves three models of ges profile high efficiency washers that were sold between june of 2003 and october of 2011. The company has received 71 reports of components burning or catching fire. And that is the news update this hour. Back downtown to squawk alley. John, over the you. Thank you, sue. Apple ceo tim cook welcoming customers to the apple store in palo alto just minutes ago. The new iphones are on store shelves today in limited quantities. If you didnt preorder, dont even think about picking up an iphone 7 plus. Those are sold out. Lets get a little deeper on these phones p, watches, and those air pods. Bruce tognazzini is principle at needleson norman group as well as employee number 66 at apple. Noah craft is the ceo of doppler labs. Gentlemen, good morning. Good morning. Good morning. Bruce, i want to start with you. You say apple should not have taken away a second port. Maybe they should have included a second lightning port if they didnt like that headphone port anymore, but i wonder, i mean, apples arguing that wireless is the future. So if that is the case, at what point would it be okay for them to take away that port for that reason . Never, because you need to charge the wireless. So if youre on a plane and your wireless is getting low, youre going to have to charge it and you may need to be charging the iphone at the same time. So and then not everybody in the world is going to want to go wireless just because it is yet another thing you have to charge. They should have removed this centuryplusold jack but should have replaced wit a lightning port or usbc. Noah, i imagine that for your business selling wireless audio devices, this headphone port removal could be a good thing. Whats your take on apples timing here with the iphone 7 on removing the headphone port, what that means for wireless Going Forward . Is it too late, too soon . I think its an amazing sea change in the industry. So first thing, thanks for having us. At doppler labs, we formed this Company Three years ago with the idea that the next great wave of computing is going to happen in the ear. We believe that, you know, to make computing more human, if you think about cultural references like her or star trek, whats going to happen is the computer is going to move onto the body and because of audio as an interface, the computer on the ear is going to be a much more human way for us to interact. Our perspective is we love that apple removed the headphone jack not just because it really heralds in this future of wireless technology, but they made a big statement. They said, look, were going to actually put more technology in your ears and really push people to interact with audio, siri, with technology that will do much more starting today. And so obviously for us, we think thats not only great for the Wireless Industry but a real step forward in computing. Noah, theyre on sale today, but how long do you think it will take for consumers to swap out their normal headphones and switch over to these at the price tag that theyre currently being offered at . So, i think at 159 the air pods will definitely be a step up for a lot of consumers, but i think youll start to see that people start interacting with these devices in a way that they probably would have never interacted with their ear pods. Once you go wireless, were starting to move into a world where people will feel more comfortable wearing computers in their ears longer and longer and using it to interact, right . Its very different if i have something sut until my ears all the time that allows me to, you know, access a smart assistant or stream music or take a phone call with the tap of a button. I know a lot of people are talking about the aesthetics of the air pods and what that means. I know we were a little surpr e surprised to see the boom coming down like a blue tooth, but at the same time, i understand why apple did that because theyre leaning in to siri. Their next great move is to really make sure were using siri all the time and using audio as an interface. We can see that with alexa. And for us thats incredible. Weve been saying for years, you know, this is going to happen and we built our flagship product which comes out in november in service of that vision. The thing that happened to us recently is weve been shouting from the hills, hey, its coming and the great news is now that apple said it we dont have to convince anyone of that anymore. Its really just going to be a race to see who creates the greatest technology in the ears. And for us thats much more than just a headphone. We think you recollected be interacting with your world all the time with an inear computer, whether streaming music, taking phone calls, layering commentary over game, et cetera. Absolutely. We had a four square, the chairman of four square yesterday said maybe it means you spend less time looking at your screen and getting more auditory cues p. Yep. Bruce, i wonder, though. Weve been through the notion that design can derail something before. Google glass sort of proved that. Is there no danger tothat here . Well, im not sure what you mean what you expect to be derailed. The fact is you can continue to use your existing headphones. Its just little more complic e complicat complicated. I think its absolutely right that were going to move into an era where you do wear things in your ears as well as on your wrist and in your pocket and all this data is being gathered at the most appropriate place and forwarded to the other players. And were going to have a lot of medical information that can you can do a great deal of Data Collection through the ear. So this is going to be absolutely going to be another revolution. And the ear will become very important. I dont think it will replace the cell phone. That will remain the central depository, but and it wont replace the watch, which you can glance at to get data. But it is going to be important third party, third point. And well have to leave it there, but of course we will continue to track how all of this works out. Bruce tognazzini from Neilson Norman and noah kraft from doppler labs, thanks for joining us. Thank you. Thank you. When we come back, Rick Santelli will join us life fru the cm weshgs the santelli exchange. And, no buffalo last night as the jets top the bills. T what about those thousands of fantasy football lineups . Jobs disappear . How g its what the National Debt could do to our economy. If we dont solve our debt problem 19 trillion and growing money for programs like education will shrink. In just 8 years, interest on the debt will be our Third Largest federal program. Bad news for small businesses. The good news . Theres still time for a solution. Ask the candidates for a plan to secure our future. Coming up today on the halftime report, apples incredible run. Has the stock jumped too far too fast . A big call by Goldman Sachs five days before a key fed decision. Two head spinning price targets on amazon. And former football star eddie george is with us today. Hes mastered the gridiron, broadway, now he tackles wl street. All top of the hour at halftime report. See you in about 15. Sound good, scott. Anks. To the cm exgroup and Rick Santelli and kwet gete the santelli exchange. Hey, rick. Hi, carl. In batman movies when the commissioner senses is theres a problem and he needs the batman, puts the sign up in the sky, the bat sign. Look at these charts. Lets look at charts starting early july for the dax. Thats already making its move. It will be closing most likely at the lowest level since early august. Look at the nikkei. Its not quite there, but its not far. S p here, fairly close, too, six, seven points, and weve dropped to levels we havent seen since the beginning of july. Those are the markets version of the bat signal. Why . Because im telling you, soft equity markets seem like theyre working their magic again. Of course its right on cue. It probably started when mario dragge failed to deliver more even though he didnt say he was going to do less. Even todays wall street journal points to the second guessing, rethinking of negative rates, but that is all will most likely disappear. Chris ruppke, who knows as much about the japanese markets as any, was my guest today. He was talking about negative rates. I asked him about ben bernanke and stan fisher. They seem to be laying the groundwork for a possibility of these rates being used as policy tools in the u. S. I cant fathom why. You know, i understand the experiment. Well, i guess i dont really understand the experiment. I am so sick and tired of the notion that they have to do something because congress isnt. First of all, its a really bad reason. Second of all, what theyre doing is experimental, which takes it into a new realm of i dont understand it. My guest also pointed out that negative rates above and beyond the notion that theyre unproven and could be highly dangerous, try explaining that to the end user, the consumer, the citizens of these countries pip know that in particular yesterday i saw the president campaigning talking about how great the economy is. How are citizens of this country going to go from that to potentially needing negative interest rates. Not only is it confusing, it seems everywhere its tried the outcome is exact opposite of their models. Theyre stashing dough instead of sending it. Kayla, back to you. Thanks so much, rick. Well get answers in a few days on the fed. Twitter making history last night with its first ever live streamed nfl game. Coming up, someone who knows a thing or two about disrupting the status quo. Fanduels ceo joins us next. Everyone said its so hard to be a musician, but i cant imagine doing anything else. Now that the train makes it easier to get here, the neighborhood is really changing. Im always hopping on the train, running all over portland. I have to go wherever the work is. Trains with innovative Siemens Technology help keep cities moving, so neighborhoods and businesses can prosper. I can book 3 or 4 gigs on a good weekend. Im booked solid for weeks. It takes ingenuity to make it in the big city. Bacteria can hide in food and make you ill. Wow announcer but you can keep bacteria from ruining your day with 4 simple steps clean, separate, cook, and chill. The roadchip to food safety starts at foodsafety. Gov. After some extend the scrutiny over its legality, daily Fantasy Sports is back in new york just in time for football. Joining us as week two of the nfl season kicks off is the ceo of fan dual, nigel. We should disclose that Comcast Sports ventures are investors of fanduel. Where can people find you state by state . Were online in nearly 40 states. Were back online in new york. We obviously had to go off line earlier this year as a lot of headlines around that, but we passed legislation in new york, passed legislation in massachusetts, and actually in eight other states this year, so were online in all the large markets. New york have taken an approach if you really want to regulate it at a detailed level, and others like virginia and ini understand ha indiana, wester this is legal. Its taking a different approach. Has there been a notable dent in customers because they fear they are doing something illegal even if theyre not . There certainly was last year. We had the headlines last year. A lot of people they all left. Even besides those states, some people were, like, is this illegal . We have a lot of, you know, brand damage last year. Were in the process of bringing those people back. You had whats the future of spending, influencing the public consciousness . You probably cant keep theres a bit of a reset. We didnt do a good enough job of why people are playing. The fun and the camaraderie and the trash talk. People love the research, the live scoring. We focused on the money. What we want to do is broaden that item and explain all the reasons people play. Part of the reason why you spent so much was to shift some of that awareness away from your main rivals, draft kings, to get people playing on your platform instead of theirs. Why not just combine forces . Its a competitive market. I think last year, and true for nearly all startups last year. It was all about growth. Everybody was, like, grow. Thats all people care about. Investors dont care about the bottom line. This year for every startup its like, no, things have changed. I think what were seeing is a shift there as a focus of profitability and also what you are seeing in the industry is cooperation. Last year it was all about everybody for themselves. Whenever october hit, we were, like, wait a second. The biggest threat this industry does not come from each other, it comes from people killing the industry. We actually, you know we actually cooperated particularly in the when the head of draft king says a merger remains an interesting idea, do you agree . We have had discussion for a long time. I cant make any forecasts. Were trying dpo the same thing. Were trying to make sports more exciting and trying to engage sports fans, and so, yes, its always going to come up. If there was it was better to do that together, then you would do it together. Even today we cooperate very, very closely. Where it makes sense. Youve had to. Weve had to. Absolutely. Nigel, we hope youll come back. Good to see you again. Thank you. When we come back, donald trump finally admitting the president was born in the united states. Thats next. [alarm beeping] the highly advanced audi a4. Theres a lot of places you never want to see 7. 95. [ beep ] but youll be glad to see it here. Fidelity where smarter investors will always be. If only the signs were as obvious when you trade. Fidelitys active trader pro can help you find smarter entry and exit points and can help protect your potential profits. Fidelity where smarter investors will always be. Donald trump wrapping up a speech in washington. Lets get the details. Donald trump has just said one thing thats false and one thing thats true about president obamas birthplace. Lets take a listen to both of them. Hillary clinton and her campaign of 2008 started the birther controversy. I finished it. I finished it. You know what i mean. President obama was born in the united states, period. Now, the fashion thing there was that Hillary Clinton had started the birther movement. Thats not true. She didnt. In fact, donald trump used it to create his National Political profile. Now, why did he say that its not true today . Well, donald trump in november is facing an electorate that is stacked against him within the nonwhite community and College Educated white americans at this moment. Millions of africanamericans believe that the birther controversy was not only a politically motivated line, but also a racist attempt to undermine the first black president. Donald trump needs fewer people to believe that to be elected. Hence, the statement today, even though said he precisely the opposite last night by saying he doesnt answer the question of where president obama was born. You said its electrified that divide. John, where does it leave the tone of questioning for the first debate . A week from monday. Well, i think it eliminates the wild card of donald trump coming out and saying something utterly new on this subject in the first debate, so in that sense i think he disposed of that. Some people in the obama world had thought that he was going to use the first debate as the time to roll that out. Its already gone. Reports on that will continue all afternoon and tonight. John, thanks. Thats it for us here. Lets get back to headquarters. Scott wapner and the half. Carl, thanks so much. Welcome to the halftime report. Eye eye im scott wapner. This hour the apple rally, the stock on track now for five years. Has that run been too far too fast . With us for the hour, stephanie link, josh brown, sarat satee and john nagarian. Too far too fast . No, no. I would hedge out, judge, but i wouldnt trade out. In other words, i wouldnt sell ou