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The markets relatively flat, the lie, a lot of news today whether its politics, earnings, Central Banks and apple a strong gain for apple shares profited estimates and company says that iphone and ipad shipments were better than expected. Josh lipton talked to tim cook and joins us with more this morning. I feel fantastic about how the iphone did. Thats what ceo tim cook told me about the products performance in q3. Investors also seem encouraged breathing a sigh of relief this morning and thats in part because the pressure on the iphone isnt getting worse. In q3 units were down 15 . Its about...

7onseptember 9th with a release date of september 23rd interesting couple of weeks. You had the interview in the Washington Post and they have been in the cross hairs of the Trump Campaign but thats not discouraging them from making another step forward into china. Yeah. I mean, they have to. They have to you know, they depend heavily on growth in china. Thats one of the big things cook has pushed and he has done, you know, he was sort of the mastermind of this turnaround in china over the last few years and that turnaround has sort of run aground in the last year or so. Its unclear if this is...

Market. And including big names. Right now 2016 is on track to be the worst year for ipos since the financial crisis with only 63 companies having gone public. Raising just under 13 billion. Is this the window between brexit and the u. S. Election finally opening up . Its important to put this in context. One of the reasons 2016 is going to be the worst year for ipos is that these companies dont need our money. So theyre sitting on huge piles of cash. There was this incredible round that might and if conditions arent right they dont want to. There are a lot of companies that filed to go public...

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 unc...

Here. The company in question is called china evergrand group. Its hong kongs second largest developer. You put out a report in 2012, i have it here, some 61 pages or so in which you say the company was insolvent, used bad accounting and said it was a ponzi scream ay mong other allegations. In rendering its decision last week, this hong kong tribunal said, i quote, mr. Left consciously disregarded the risk his report was false and misleading as to material facts, reckless in conduct. Whats your reaction today . I dont think it was reckless in my conduct at all. Scott, look at that report. Its ...