WEBVTT - Bloomberg Markets: Apple Makes Mac Computers Faster

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<v Speaker 1>Global business news twenty four hours a day at Bloomberg

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<v Speaker 1>dot com, the Radio plus mobile lab and on your radio. Please.

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<v Speaker 1>He's a Bloomberg Business flab from Bloomberg World Headquarters. I'm

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<v Speaker 1>Charlie Pellot. The Dow, the SMP, NEZ, Dack, they are

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<v Speaker 1>all moving a lower right now, holding close to records.

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<v Speaker 1>With the SMP down a point at twenty four thirty seven.

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<v Speaker 1>That is a drop of less than one tenth of

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<v Speaker 1>one percent, the Dow down six, also a drop of

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<v Speaker 1>less than one tenth of one percent, NEZ stacked down

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<v Speaker 1>three down one tenth of one percent, the tenure down

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<v Speaker 1>five thirty seconds, with the yield of two point one

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<v Speaker 1>eight percent, Gold up a dollar twenty ounce to twelve

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<v Speaker 1>eighty one, hard by one tenth of one percent. West

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<v Speaker 1>Texas Intermediate crewed now down twenty eight cents of our

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<v Speaker 1>forty seven thirty eight on w t I. That is

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<v Speaker 1>a drop of six tenths of one percent. I'm Charlie Pellett,

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<v Speaker 1>and that's a Bloomberg Business flash. All right, Charlie, thank

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<v Speaker 1>you very much. You're listening to Bloomberg Markets on Bloomberg Radio.

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<v Speaker 1>It is eleven ft eight in a bay area and

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<v Speaker 1>to eight on Wall Street. The following is from Bloomberg

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<v Speaker 1>View Opinions in commentary from Bloomberg columnists. I Megan mccartell,

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<v Speaker 1>columnist from Blomberg View. Is the day of the Congressional

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<v Speaker 1>Budget Office come and gone. That's the pronouncement of McK mulvaney,

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<v Speaker 1>the director of the White House's Office of Management and Budget.

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<v Speaker 1>Mulvaney argues that the CBO is biased, and of course

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<v Speaker 1>it must be somehow it's made up of people not

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<v Speaker 1>calculating machines, but it's not really a reason to write

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<v Speaker 1>the CBO off. Mulveney's proposed solution turned legislative analysis into

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<v Speaker 1>a hobbsy and war of all against all, with competing

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<v Speaker 1>ideological interest groups and politicians producing independent scores of legislation.

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<v Speaker 1>Miss is the fundamental point of having the CBO, which

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<v Speaker 1>isn't that its estimates are precisely right, but that they're consistent.

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<v Speaker 1>Consistency is tremendously valuable, and working with data so valuable

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<v Speaker 1>that analysts have to think hard about switching to a

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<v Speaker 1>new estimation method that will break their data series, even

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<v Speaker 1>if the new estimation methods more precise. Perhaps most important

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<v Speaker 1>of all, the CBO is the only player in the

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<v Speaker 1>process that's not starting from an outcome to support a

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<v Speaker 1>bill or to oppose it, and then working acords to

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<v Speaker 1>a model that will support it, that has enormous value,

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<v Speaker 1>even if the score is sometimes miss the mark. Megan

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<v Speaker 1>mccartoll columns from Bloomberview. More commentary go to bloom Review

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<v Speaker 1>dot com or view go on the Bloomberg terminal. This

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<v Speaker 1>has been Bloomberg View and Bloomberg View commentaries can be

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<v Speaker 1>heard every week day at this time, also at five

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<v Speaker 1>forty am, eight forty two am, and eleven forty am

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<v Speaker 1>Wall Street Time right here on Bloomberg Radio. Have You

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<v Speaker 1>Got the Job? Dr Drey is my personal favorite of

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<v Speaker 1>a California song, But that one comes Quay second, and

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<v Speaker 1>let's bring in now of course, our editory Large, Korey Johnson,

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<v Speaker 1>Bloomberg News Editor at Large, is at the Annual Developer

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<v Speaker 1>Conference of Apple in San Jose. Corey, what is the

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<v Speaker 1>vibe like, the anticipation? Is it palpable? Well, it's the

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<v Speaker 1>events well underway. In fact, is actually kind of running along.

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<v Speaker 1>So I think a lot of the big announcements have

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<v Speaker 1>have happened, and there are a lot of them. Interestingly,

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<v Speaker 1>this gathering of software developers are hearing about a lot

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<v Speaker 1>of hardware, some hardware to come, not a lot about

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<v Speaker 1>the phone device itself. We expect a new phone in

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<v Speaker 1>the fall, but a complete revamp of of the the

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<v Speaker 1>MacBook line. Two new iPads just announced moments ago. Uh

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<v Speaker 1>and some really interesting announcements as it relates to sort

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<v Speaker 1>of software developments. Uh. And and changes in the iOS

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<v Speaker 1>software Like what like what you said, I want spacifics,

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<v Speaker 1>I want down and I want that train or whatever

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<v Speaker 1>that Here's what that is. A that is a train

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<v Speaker 1>going by. We already down in downtown San Jose and

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<v Speaker 1>we have been here since since sunrise this morning. Um,

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<v Speaker 1>the and the crowds were here, you know, even at

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<v Speaker 1>five am this morning. It's kind of interesting to see

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<v Speaker 1>this big crowd here. But uh, here's one so Siri, right,

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<v Speaker 1>so serious. This thing that Apple first used, you can

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<v Speaker 1>only use it on the on the Apple device itself.

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<v Speaker 1>Then they introduced about a year ago the ability to

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<v Speaker 1>use it with some apps like Lift or uber or

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<v Speaker 1>uh um, some of the chatting apps of end Mo

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<v Speaker 1>and PayPal. Well, now they're opening up Cyri to a

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<v Speaker 1>lot more apps. So these developers they can suddenly start

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<v Speaker 1>to use voice controls within their apps and start to

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<v Speaker 1>think about ways that they can develop new kinds of

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<v Speaker 1>apps using Siri. They just announced something that that would

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<v Speaker 1>be meaningless to the three of us, but an actual tools,

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<v Speaker 1>a set of tools within the MAX software to help

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<v Speaker 1>people develop it within the iOS software to develop three

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<v Speaker 1>D augmented reality things. Things like that. We're so difficult

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<v Speaker 1>for the geniuses behind Pokemon Go. Now with just a

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<v Speaker 1>couple of clicks, people can develop new augmented reality apps.

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<v Speaker 1>You could hold your phone up and as you turn

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<v Speaker 1>and see all kinds of imaginary things that aren't. They're

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<v Speaker 1>really cool stuff, but to make the programming that really simple.

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<v Speaker 1>So the developers are developing lots of cool stuff, but

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<v Speaker 1>developing it for the iPad or the iPhone. I mean,

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<v Speaker 1>of course this comes off to this way. The developers

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<v Speaker 1>conferences we've had, the Facebook found Microsoft, they've been taking

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<v Speaker 1>up a r VR AI, just as you took about it. Now, Corey,

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<v Speaker 1>what about the hints towards particularly the AI part you're

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<v Speaker 1>talking about Siri? Are we gonna get there for this

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<v Speaker 1>smart speaker? Und failed today? I don't know yet. The

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<v Speaker 1>events is still ongoing here. They've been at it for

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<v Speaker 1>almost two hours now and they're only in the five

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<v Speaker 1>of the six promise big updates here, so well, we'll

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<v Speaker 1>see if we get to that. UM the iPad is

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<v Speaker 1>their focus right now. But I think what you're getting

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<v Speaker 1>a real sense of is that is that they really

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<v Speaker 1>do have this holistic view of a world where someone's

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<v Speaker 1>got an iPhone and an iPad and a Mac and

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<v Speaker 1>they're continually upgrading all those devices. And we've seen in

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<v Speaker 1>the real world is that the tablet business has been

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<v Speaker 1>falling off now for a few years running UH, and

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<v Speaker 1>then that's been a problem for them. The Mac business

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<v Speaker 1>has been picking up, which is interesting even as the

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<v Speaker 1>rest of the PC industry is contracting, contracting. UH. The

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<v Speaker 1>devices that they announced today had the MacBooks to day

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<v Speaker 1>now today and the and the Mac Mac PROSDA announced

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<v Speaker 1>today are really really powerful, I mean up there with

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<v Speaker 1>some of the strongest chips that are running Microsoft OS

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<v Speaker 1>and using some of the fastest Intel ships out there.

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<v Speaker 1>So I thought that was a very particularly interesting development

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<v Speaker 1>because they're really trying to hold out of that that

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<v Speaker 1>core um UH developer um UH special effects visual developers,

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<v Speaker 1>people who you traditionally worked on the maximum in recent

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<v Speaker 1>years have shifted away to working in PC stuff. This

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<v Speaker 1>is a really strong effort from the hardware side to

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<v Speaker 1>lure those people back. Hey, Corey, I was talking earlier

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<v Speaker 1>for something that's coming up that we're gonna be doing

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<v Speaker 1>with Bloomberg with the founding CTO of Uber, And when

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<v Speaker 1>he talked about ai UM, he talked in VR. He

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<v Speaker 1>talked about it and saying that I'm not really into

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<v Speaker 1>kind of the sexy applications. It's kind of more mundane

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<v Speaker 1>and and taking some of the legacy industries that are

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<v Speaker 1>out there, like an Uber driving or healthcare or something,

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<v Speaker 1>and disrupting it and really kind of getting the friction

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<v Speaker 1>out of the equation. And I'm just curious, from Apple's perspective,

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<v Speaker 1>is it all about, you know, just being in our homes.

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<v Speaker 1>Are they thinking also on the workplace scale and the

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<v Speaker 1>work place level? Yeah, I think that a lot of

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<v Speaker 1>the things that that are sort of most interesting here

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<v Speaker 1>are the things that we won't see. It's the way

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<v Speaker 1>that they're using machine learnings and things to try to

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<v Speaker 1>anticipate which apps you're going to use next and give

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<v Speaker 1>you additional battery life. Right, That's a machine learning thing

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<v Speaker 1>when they're talking about augmented reality. They're thinking about it

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<v Speaker 1>with games right now, but who knows how the ways

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<v Speaker 1>that that could manifest itself into ways things that are

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<v Speaker 1>seemingly mundane but would have been just impossible for programmers

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<v Speaker 1>to do in the in the past, And a lot

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<v Speaker 1>of what is talked about today are sort of the

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<v Speaker 1>tools and kits that developers can use to just get

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<v Speaker 1>this stuff to market faster. You know. One of the

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<v Speaker 1>big developments of Drew Cheers who is when they promised

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<v Speaker 1>that most apps would be approved in less than twenty

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<v Speaker 1>four hours, and updates would be approved, and updates could

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<v Speaker 1>be rolled out and a tiered level so you didn't

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<v Speaker 1>have to push out a giant update that might crash

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<v Speaker 1>all your servers at once. These are the little things

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<v Speaker 1>that make it possible to have a functional ecosystem around

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<v Speaker 1>developing for iOS and the things that Apple has been

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<v Speaker 1>really clever about in the past has helped the iPhone

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<v Speaker 1>becomes such a big success um and it's and it's

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<v Speaker 1>amazing we're able to do this, Carol with a swarm

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<v Speaker 1>of bees here in San Jose coming down, doesn't Apple

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<v Speaker 1>or maybe maybe they're augmented reality bees. They left Madison Avenue,

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<v Speaker 1>got on a plane and ended up in San Jose

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<v Speaker 1>exactly that would explain everything. Um No, it's a it's

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<v Speaker 1>a it's a trip to stuff and and and again.

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<v Speaker 1>We'll wait to see if there's a speak announce but

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<v Speaker 1>the hardware announced this thing. I think also shows they're

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<v Speaker 1>in a hurry to innovate new stuff that they The

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<v Speaker 1>last round of mac books were criticized for not having

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<v Speaker 1>fast enough chips, and I think they saw that reaction

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<v Speaker 1>in the marketplace, so they didn't want to wait anymore

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<v Speaker 1>to get these things out for a separate product announcement.

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<v Speaker 1>They sandwiched that one in here with these uh this

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<v Speaker 1>this big events as well. Hey Corey, quick quick quick

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<v Speaker 1>twenty second stocks down one percent? Anything though, to get

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<v Speaker 1>investors excited about Apple again. I mean, this just shows

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<v Speaker 1>that the software can be used in lots of different ways,

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<v Speaker 1>lots of different devices. It's only good news for Apple.

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<v Speaker 1>All right, We're gonna leave with there, Hey, Corey, thank you,

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<v Speaker 1>so it's good to have you here with us. Corey Johnson,

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<v Speaker 1>I've been a busy man up early there on the

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<v Speaker 1>West coast tracking that to Apple Worldwide Developers Conference out

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<v Speaker 1>in San Jose. Like Corey Johnson, Editor at Large, co

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<v Speaker 1>host of Bloomberg Markets PM, my co host UH and

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<v Speaker 1>also a big member of our Bloomberg News team. You

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<v Speaker 1>are listening to Bloomberg Markets Carol Master, Caroline Hyde on

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<v Speaker 1>this Monday. Coming up, we'll get a check on trading

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<v Speaker 1>in just a moment. Your top stories to on this Monday.

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<v Speaker 1>This is Bloomberg Radio.