apps. the watch comes in silver stainless steel, aluminum and an 18 karat gold edition costing thousands. it lets you check e-mails, texts an calls. but just like the iphone apps will be the key. if developers don t create eye-popping apps that help improve people s lives, the watch could fail. number two, what s in it for cook? it s the most personal device we ve ever created. apple s ceo is going from strength to strength now, but this launch is crucial. it s the first entirely new apple device under his watch. and the number one question? how will investors react? wall street isn t expecting the watch to just sell millions rather tens of millions as appear the stock hits all-time highs, expectations for the watch may be unrealistic. people are already estimating
about what you re doing with your life. kevin, it seems like every generation we re reading that, you know, this generation s new batch of wall street recruits are somehow different than the generation that came before it. yet we keep seeing generation after generation making the same mistakes that the generation before it had made. so is it possible for change to come to an institution when it s clear that change can only come from really nibbling at the very edges of that institution? i think so. i think change is possible. i think it s going to take a long time. there are different kinds of change, of course. there s structural change and regulatory change. and i think, you know, we can deal with that on sort of a governmental level. the actual recruits themselves are changing. it s a different breed. i think that the recruiting climate is different now at some place like penn, wall street isn t far and away the biggest employer anymore. more and more people are going into tech
watching to the penny. it s right now at 1758. still the s&p 500 has got 4% to go. the jury is still out whether or not it will actually hit correction territory. but if it does, it really shouldn t be a big surprise. because you look at job growth right now, it s not great. the feds also ending its stimulus, which has really been the main reason that you re that we saw the market run up so high last year. wolf? well, i guess a lot of folks who have 401(k)s, other investments, portfolios, are wondering, how worried should they be, the dow jones going down 1,000 points over the last few weeks? that s a good point. that s a lot of points, right? it s not easy when you open up your portfolio and see it drop so much from last year. but last year was really unique. i mean, you saw double-digit gains for the major indices. but at this point, wall street isn t too worried about what s happening, and many analysts aren t either. something to keep in mind. a correction doesn t mean recess
2017, and even as we speak, wolf, at the white house today, a big meeting with top officials on the way ahead in afghanistan, talking about ckarzai, and talking about how to monitor pakistan if the u.s. isn t allowed to keep that listening post of u.s. troops on the afghan side of the border, how do you keep an eye on al qaeda in pakistan and maybe even more dire, how do you keep an eye on pakistan s nuclear program. wolf? there was talk in the pentagon, pentagon planners saying if the u.s. is going to keep in 2015-2016, 10,000 u.s. troops, let s say another 4 or 5,000 nato troops, they ve got to know very, very soon in order to make those plans. otherwise everyone is going to be withdrawn by the end of this year. what is the drop-dead deadline, according to pentagon planners, for a decision on whether or not to keep any troops in afghanistan after the end of this year? reporter: i am smiling, wolf, because that s the key question.
of the time. if it holds true again, 2014 could be tough. the s&p 500 is down nearly 3% this month, just this month. one big mover today, amazon down 5% premarket. amazon reported more than $25 million in sales over the past three months, but wall street isn t impressed. amazon thinking about raising prices for the prime membership service. uh huh. that s the headline for you. instead of $79, it could be $119. higher fuel and shipping costs. that s a big deal. a lot of people chose amazon prime for free shipping, 79 bucks. maybe not so much if it keeps going up and up. interesting to watch. all right, george zimmerman back in the news this morning, now planning to fight for charity. zimmerman telling radar online that he s agreed to participate in a celebrity boxing match. as of now, he doesn t have an opponent, but finding one may not be too difficult. the promoter says he s had some 8,000 e-mails from people who want in. zimmerman will not be getting paid for the fight, which