Third u. S. Woman to win four gold in one olympics. I have a lot more events but im busy here and im having a lot of fun and team usa will be better and having a lot of fub with it. Medal events, mens diving, womens rugby, mens swimming and the 100 meter backstroke and then leslie jones the comedian from snl tweeting hilariously over the weekend. All about the games has gone viral. Okay youre officially invited to rio. Do you want to come . Dont play because yall need me. I would have these olympics pumped. Thats something to watch later in the week. Finally in a few minutes well talk to the latin america chief for facebook. You guys know this is an important market especially going back and forth. For now tech news. A new report says of course apple is going to unveil the iphone 7 next month. And the removal of the head phone to weigh in on that is Aspen Institute president and ceo walter isaacson, good morning. Hey, john, how are you doing . Good. Good. So im wondering, its been nine years since the original iphone came out. Nine years plus since it came out in the summer, what is the importance of this particular phone launch given that we have seen smartphone growth, the iphone is not doing what it used to but still extremely profitable. You certainly know more than i do about the future of plans with apple but i look back at what steve jobs was very passionate about and it was photography. He had a friend Bill Atkinson that really knew how to understand pixel by pixel how you could make a better photograph and they always talked about the idea of having two cameras that would harvest the different Digital Information that you would get and merge it with an algorithm so you would have a whole new type of picture. Something actually gray and thats what im reading about that you might see in iphone 7. How Ground Breaking are consumers now expecting these changes to be . Because you can only innovate on the same type of device so much before everything is just incremental. Maybe so but they bought that Machine Learning company up in seattle. I think my iphone at some point i could have it in my pocket and be talking to it and say turn up to the temperature in my house or unlock my door and tell me who is winning in rio. It would have a conversational tone that you would do with Machine Learning and we see amazon toing that with alexa and the amazon echo so i suspect theres more that youll be able to do with your iphone. Especially when Machine Learning is imbedded into it. Is it unfair to expect apple to continue the growth trajectory that its had over time . Necessary pauses in these life cycles of different technologies, whether its the mainframe, the pc, now the smartphone. Is this the natural course of things or is Something Else afoot . Well, apple has been able to defy gravity for more than a decade. I dont know. If the apple watch gets significantly revamped, it hasnt become an object that you must have or an object of deep desire but that was just the beginning of the watch. Who knows . That could be something that could ramp things up pretty quickly if they get that going. And thats happening in september . Middle of september . Usually we get the announcement sometime in the earlier side of september when the phone actually comes out toward the end. Meantime in little under an hour from now donald trump will give a Major Economic speech in detroit. This after trump unveiled his Economic Team on friday. John harwood is live with more on what to expect, john. Well, we expect donald trump to outline a proposal to make childcare expenses fully deductible although without much more detail than that specifically hell reiterate his plans to cut the business tax rate to 15 so eliminate the estate tax. To want to renegotiate trade deals like nafta and get rid of regulations and lets step back a little bit and look at how moodys analytics have analyzed the two economic plans as we build them so far. First of all on job creation, in the year 2020, moodys estimates Hillary Clintons job proposal would add 3. 3 million jobs and Donald Trumps would subtract 7. 6 million. Because of the trade impacts and Deficit Impacts. Secondly on gdp, Hillary Clinton would add about 300 million to the 2020 gdp according to moodies. Donald trump would subtract about 1 trillion from gdp and finally on the deficit Hillary Clinton would expand modestly by 85 billion in 2020 and donald trump would expand it by 1 trillion. Thats just the moodys analysis. Well wait to see what others are and how donald trump may revise his plan over time to limit the Deficit Impact although advisors tell me hes not likely to talk about that today. Thank you john. Well check in with you later on. Meanwhile walter is with us. Hard to believe any company would turn their nose at a 15 Corporate Tax rate. Yeah. Especially to be competitive in the world market you want to talk about Corporate Taxes but it is a bit breathtaking to add a trillion dollars to the deficit and add debt that we cant really service. Mr. Trump has been involved in debt a whole lot and servicing that debt has been difficult. Well i dont see that you would want to impose a plan that would do that. Maybe hell revise it but people want a simpler tax code and lower Corporate Taxes. You have to do it with something thats not going to add significantly to the deficit and also not reduce jobs in this country. Well, walter, i guess the trump side would argue that its growth thats going to prevent the deficit from becoming what he argues here. This is a supply side argument it seems and an attempt to reconcile some of the things about spending on infrastructure. Tax free child care for everyone plan with this idea that he can cut taxes and spur growth. Do you think we get more specifics on how he blends them together . I am not going to be the perfect expert on that but the fact that were now focussing on real issues, thats a good thing. Some of these plans that he has talked about in the past and well see if he brings them up in more detail today like a one time tax holiday and then incentives to bring jobs and Factory Production back to the u. S. Its one thing to put the policies in place but whats the likelyhood that a company will bring all of its cash back to the u. S. . A company will bring its production back to the u. S. . The notion of profits from overseas is a really good one and i dont, you know, you have to make sure that its going to work for the company. To me if you want to keep wages and jobs going up the way they are you do a massive Infrastructure Spending so that our highways and bridges and air Traffic Control system and airports are all good and i think spending on infrastructure that has a return on investment, that is something that everyone could probably agree on. For now, thank you for joining us. Thank you. Walterize sackson from aspen. A power outage grounding all flights worldwide this morning. Susan lee is live with a new development on that story. Susan, whats the latest . The latest numbers from delta, they cancelled 300 flights stemming from the power outage in atlanta. It crashed their entire system around the world. Delta giving us an update as of 10 30 a. M. They operated 800 of the 6,000 flights scheduled to take off and while systems are improving and flights are resuming to travellers as theyre heading to the airport, they still expect long delays and possibly cancellations. We also got an update in the past hour from flight aware and they say that delta flights are now departing and multiple departures per minute they say 160 delta flights are on route and on track for recovery and a lot of the passengers are giving up at least for today because delta is offering and issuing these august 12th waivers. Meaning you can get refunds back on your flight and even get, flight changes without having to pay the extra fees. Thats the latest from here. Back to you guys. Thank you, susan. Coming up, apple is getting deeper into the content game launching a new show about the app store hosted by Gwyneth Paltrow and speaking out theyre out with a new interview with ceo tim cook and other executives. Well talk to the man that wrote it. Donald trump said to give a major speech on his economic plan at the top of the hour. Squawk alley is back in a moment. [announcer] is it a force of nature . Or a sales event . The summer of audi sales event is here. Get up to a 5,000 bonus on select audi models. Apple is getting into the reality tv business. Tech investor and musician entrepreneur wil i am for a new series called planet of the apps. Former nbc executive Ben Silverman now coceo. Ben, thanks for being with us. Thank you. Tell me about the concept here. It sounds a little strange off the bat. Is this like the voice but for apps . Is that relatable enough that they enjoy apps so much they want to see how the sausage is made . Obviously ill be having them further elevate but i hope everyone comes and watches and experiences it firsthand and i cant reveal much about how the content is going to be layed out. And sitting at a dinner table discussing how they should have, could have and would have invented the app of the moment. And how he feels as an older guy or Somebody Just looking for a friend to walk their dog with and you can pitch Something Like tender for dogs and theres a whole range of people and accessibility in the tech space right now that is opened up by how advanced technology has become and how it is in our daily lives. But its a pretty meta concept. The company that created apps is now creating a show about apps. Whats the advantage for apple to stay with within its comfort zone on this one and whats the risk in doing so too. Its a great idea and key people we want to participate and the tech luminary space and entertainment leaders that work as entrepreneurs. I think the time is right. And your broadcast about how many young people are on snapchat and how many people are consuming media and talking to each other across the internet and i watch the internet get developed and now as a Media Executive and show creator its our turn to play on the internet. I get the feeling that this is more about people and our natural desire to make things happen than it is about developers. But im also curious about where you see content going. Were in this moment that were in every four years with the summer olympics. What are you seeing this time around that is different as far as peoples viewing behavior. How theyre engaging around the content. Its funny because i also obviously make a lot of content and the big broadcasters and lead in still matters. When you look across the landscape and 400 new drummers its the middle of the Critics Association in la and ideas to the critics and im just as excited about my next generation platform transforming show planet of the apps as i am about my new show no tomorrow and my turning show jane the virgin. And behind mondays at 9 00 and as much fun as it is to discover a show or hope that an idea can exist inside the cloud and youll be able to pull it or find it in a natural way and Stranger Things on netflix. Theres also old school audience flow and sitting back in a passive experience and watch a tv show. But still surprising to me is netflix a Traditional Television company thats distributed differently or is it a tech company that makes traditional content . How does that determine what you do with your ideas. A lot of brands are starting to be expecting or looking for specific content on that brand obviously as i want news and information. News and cutting edge information. Im turning on cnbc as i want to talk to young women and big spectacle and big fun programming. Im looking at the cw. And i identify him with praying and hoping the ecosystem i wanted to live on and connect to especially if we focus on developers and apps specifically. I have a great show called flake with will arnette in and around the world of aa that requires a slower build and a different kind of content strategy and that was perfect for netflix. So i really look to bring the show to the partner that seems perfect for it. Well, youre a man thats always surprising us and bringing different types of content. What did you hear . Ben silver tps man Propagate Content and chairman and coceo. Thank you. Up next were live in rio looking at the future of brazil and the rest of latin america. Thats coming up next. Is the stuff that matters . The stakes are so high, your finances, your future. How do you solve this . You dont. You partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. Morgan stanley. An ordinary experience into an extraordinary one. Get great offers at the lexus golden opportunity sales event. Lease the 2016 es 350 for 329 a month for 36 months and well make your first months payment. See your lexus dealer. What i love about the tempurbreeze bed is its cool. So youre not too hot, too cold, youre just perfect. Sleep cooler, wake more refreshed, discover the new tempur breeze. Learn how you can change your sleep by requesting a free sample of tempur material. Call or click today. Companies focused their efforts on covering the games here. Books head of latin america. Its great to have you. Welcome. Thank you for having us. One thing i want to make clear to viewers is the size of brazil relative to all the other markets facebook is in. How big is it . In terms of people coming on a monthly basis to facebook we have 108 Million People and actually its one of the top five countries in the world. One of the top five and in materials of penetration, meaning people with Internet Access in brazil, the percentage on facebook, its almost 100 . Exactly 90 of the people. Unbelievable. What drives that . The ease with which people get connected in this country . Brazilians love facebook and we love brazil, as a company. Theres a very strong culture of sharing and communicating and probably because of the high share of communications in general, facebook has opinion a very strong platform. You have good me tricks as to how interested people on facebook and latin america appear to be in these games. What are those numbers like . We have very interesting numbers coming from fridays Opening Event here in the olympic games. During the event there were 52 Million People interacting on facebook around the olympic games. Generating 109 million interactions and what is interesting, when you double click on which one of the countries were the most active, the biggest share of facebook people come actually from brazil which is natural. You should expect that. Second is argentina, close to mexico and the u. S. Was coming in at number four. This shows it. Are you a believer that the brazilian recession, weve seen the lows of it or not . Were seeing a lot of opt mifl and i think the event here is also a good indicator of how theyre involving possibly. After the opening you could see based on the limited of our friends on facebook how many positive comments. The sense were getting from executives here is theres optimism. Youre right. Maybe they cant afford quite yet to buy something but theyre expressing interest in buying things like cars. The other thing we hear is that the population, theyre come how impressed that the government has survived, does that make sense to you. When you look at whats going on in our platform in facebook this is a very positive opportunity. Big advertisers leveraging facebook and even in Small Business owners, maybe one big example, avi which is the owner, run a campaign on facebook leveraging on mobile, taking advantage and we have all seen and we have seen 47 Million People around their squad. Thats a great example of how you perceive it around the olympics and even Small Business owners. Im leveraging that. I know you cant discuss the dispute between the company and the Government Regarding this whats app data. What does it say about doing business in this country . Especially facebooks business . Well, its a separate organization from facebook. I can speak for whats app. Brazilians love this country and we have a very longterm perspective on the country. Do you expect the Law Enforcement issues to get resolved eventually . We always said that we all need to Work Together to find, you know, the best way to attend all the stakeholders. Certainly not the only example of that. Its great to have you. Enjoy the games. Thanks for having us. The head of latin america for facebook, kayla. Thanks so much, carl. Well see you later on. Europe is just about to close. Lets get to seema at headquaters for that. A 14 month high. After that fresh Economic Data in germany. Industrial production in june and france and Business Sentiment surprise to the upside in july after hitting an 18 month low in the previous months. This despite terror attacks and the brexit related worries. A couple of hours ago italys high court gave the green light to matteo renzi. If he loses the vote it would open italy and europe up to further political instability. Switching to currencies, according to reports reaching new highs ahead of the bank of england meeting last week suggesting that shorting the pound has opinion a winning trade for hedge funds as it continues to weaken here at 1 30. Thats seen as a key technical level. Bond traders are are betting on further stimulus from the bank of england that