Ma mac, possibly some custom chips and well bring you key headline throughout this hour our own steve kovac is live on the ground at wwdc while rosenblats martin croquette and msnbc contributor are with me to discuss what the product means for apples bottom line with the event kick off as we speak lets get back to steve kovac out there in cupertino steve, people would be forgiven for thinking this whole thing is a headset unveil, but this is a developer conference which is paving the way for the new software for the next iphone and possibly macs that helped them gain a lot of market share during the pandemic. How important are those pieces during this event . Yeah. Incredibly important, jon. This is still some of the iphone companies and any updates to ios is incredibly important. What i will be looking for is around wallet and fintech, and they announced the buy now, pay later that sent shares of the firm down and they have huge ambitions for apple pay and there there was an interesti
Mm hmm. Great opportunity and asking so many people so many questions about things ranging from the future to kind of advice, and we thought wed ask a few questions that run a little bit of a gamut really quickly. Were also gonna be looking to the letter we thought would be addressing to ask you in the year 2025. Whats the thing . Youre most certain about . More people will have access to their own health information. What do you dream for something in 2025. The less people have to say goodbye to soon to people they love. Thats great. Um, can you tell us a secret . I dont have many secrets. Are you a scientist or a technologist . Or an entrepreneur coming entrepreneur. I was trained as an engineer. But now my time is spent on doing whatever it takes to realize this mission. Their nose is the integration of the words therapy. And diagnosis. And if we can shift toward a model in which were determining the onset of disease in time for therapy to be effective, we will change outcomes. You
Later on in the session. Will have more on what jay powells comments mean treasury yields here with tenyear yield at 4. 16 . Lets go to lindsey and talk at the same time fed chair jay powell said bringing down inflation will take longer than previously expected he cast doubt at the next policy move could be a hike. Its unlikely that the next policy rate move would be a hike i say unlikely you know, our policy focus is what i mentioned which is how long to keep policy restrictive. Thats all fine and good. Joining us is stifel chief economist lindsay pietza do you remember the days of mike and drexel, lindsey . Do you remember when someone would have a high degree of confidence and when you could arrange financing . Do you have a high degree of confidence we know exactly where we are in terms of inflation and rates right now . No, i think it is telling that the fed chairman conceded it will likely take longer to gain the confidence and inflation is back on the disinflationary trend and a
Facing Antitrust Charges from the us government. Its about how google pays its partners to promote its Search Engine on their products. For instance, paying apple to have google as the default Search Engine on its new devices. Thats not a problem unless, as alleged by the Department Ofjustice, its anti competitive and exclusionary. Google disagrees. Well, earlier i spoke to Cristina Caffarra shes a Competition Expert and has been involved in antitrust cases in the us for many years. She outlined just how important this case is. It is a momentous event, really, because it is finally the time when google comes to meet the law and notjust the law in europe where it has been essentially, met the law before. Europe has tried to bring google under some sort of control, but has not succeeded. For the first time google faces american, us law, the Department Ofjustice and the state attorneys general. The allegation, as you alluded to, is that google monopolises search. Its market share in searc
And potentially we have a deal. What about the irish border . At one point it was that a twomonth high, 5 10 of a percent. And we are talking about 58 basis points, modestly steeper by a basis points as you had supplied coming from the front end earlier this week. Bitcoin, 10,000. Jonathan about the happen again. Alix 11,000 call . David it just keeps going. Extraordinary. We want to get some news outside of the business world. First word news. Emma good morning. Breaking news, matt lauer we understand has been fired, according to the new york times. More on that story as it crosses. On capitol hill, republican plans to push a tax bill through by the end of the year picking up steam. There was a closeddoor session, called somewhat of a lovefest. The Budget Committee looking to send the tax bill for a vote as early as tomorrow. And north korea warns that the latest missile can deliver a Nuclear Warhead anywhere on the u. S. Mainland. The regime conducted its first missile test in two mo