Us this morning is jon fortt and good morning to both of you. Regulators are ordering apple to pay back taxes to ireland. Lets get to Julia Charter will i in brussels with the latest. Julia . Thanks, kate. As you quite rightly said, apple has been ordered to pay over 14. 5 billion, the irony is ireland doesnt want the money as the irish finance minister, they say they believe apple owes nothing and they want to protect the relationship they have with Companies Like apple and other u. S. Firms apple has hate back, saying they ultimately believe this ruling will be overruled, but i think the statement cuts to a bigger issue, which is what does this mean for other companies trying to invest in europe . Their statement says it will have a profound and harmful effect on sleismt and job creation in europe and apple follows the law and pays all the of the taxes we owe wherever we operate. This is a point i think the competition commissioner made to me, that this is not really about the tax ra
And also at one market in san francisco, mike isaac. Good morning to all of you. We start of course with that apple story. U. S treasury secretary jack lew with some stuff tough talk about the 14. 5 billion dollar ruling that came yesterday. The decision creates an environment of uncertainty. Our concern with European Commission action is that it is using a state aid theory to make tax law and it is doing it in a way thats retroactive and overrides National Tax Law authority in our view and we think that it undermines the environment in europe. For International Business because it creates uncertainty. It undermines the cooperation between paul ryan the House Speaker called it awful. Are you surprised to see such tough talk about a situation determined by europe . It has far reaching implications. And european leaders on the fact that its creating an environment that is not favorable for u. S. Business and perhaps even its over the top negative. For u. S. Businesses operating in europe
Behind it. We have a Pretty Amazing resurgence here, and that didnt happen. And what were seeing is the Big Companies in tech, and we thought what he was going to go away are all printing large amounts of money. And many of these companies have 500 million to a billion Customers Using multiple products, and so with all this cash, all this your data. Theyre going for it essentially. In prinding money, but also in doing massive research. Were living in the age of massive advancement unlike anything weve seen. Isnt much of this the story of pessimism overdone . Apple saying thats google has done then on the other side go pro has expanded. You look at a few other Companies Like that, groupon, which a lot of people had given up for dead. There are still sawed ideas here that have legs, even though they may not have taken over the world the way some people hoped. Youre talking about the conglom rants, call it 20 to 100, and you have multiple lines of business. And what well see over time, th
A long interview and covered a lot of topics. Mylan had the target on their company and heather had the target on her back as well. Not only because of the price increases but the jump in compensation for her and other executives. Bad combination about 90 days before one of the most contested president ial elections in American History and really the epipen price increase, not just this one but 17 over the past decade or so since they bought the drug from a German Company was squarely in focus and we talked about it. And in part she blamed the system. It seems everybody is taking a cut. I layed out there are four or five hands that the product touches and companies that it goes through before it ever gets to that patient at the counter. No one, everybody should be frustrated. Im hoping this is for this country. And see if she rolled back this price increase the others in the chain may not. Thats why she argued that the rebate they offered, the 300 would be a better deal for consumers t
John ford and myself, kayla has the morning off. We are less than ten hours away from the first president ial debate between Hillary Clinton and donald trump. The candidates facing off at Hofstra University 9 00 tonight. In what is expected to be the most watched president ial debate in history. Lets bring in head of Public Policy and chief political strategist and wormer george w. Bush senior aide. Good to see you both. Good morning. Good morning, thank you. I know you did work on this what each candidate needs to do, walk us through some of that and characterize the degree to which the market is now invested in all things political. Well, certainly if you look at both candidates, they have very specific tasks tonight. Hillary clinton has to raise her game in terms of having people have more confidence in her ability to lead and to be the safe pick, and donald trump has to be more president ial, and i think those are the two primary tasks before both candidates. The markets are going