It's Monday, April 25th, and this is Market Fullery.

I'm Chris Hill and joining me in studio today from Motley Fool Asset Management, Bill Mann,

from Income Investor James Early, and from Motley Fool's stock advisor Andy Cross.

Guys, good to see you.

Good to see you, Chris.

We've got an investigation into Boeing's manufacturing and we've got an IPO for Party City.

More on those in a moment, but first guys,

we will start with smartphones and privacy.

The Wall Street Journal reported today

it conducted a test demonstrating

that Apple's iPhone is collecting and storing your location information

even when the location services are turned off.

The journal had previously reported that the Android phone also collects your location data every few seconds and transmits it to Google servers several times an hour. Apple has not come out with an official response as of this taping, But there is an apple website called Mac Rumors.com

where there is an alleged email exchange with Steve Jobs where the question is

put to him about you know are you

tracking and he said according to this email we don't track anyone the

information circulating around is false.

James Early, I will start with you.

What was your reaction to the story in general?

Chris, if the Steve Jobs email is accurate,

then we have kind of a big deal here because we have Steve jobs denying this but the Wall Street Journal says yes even if the function is disabled so this is really

Apple's credibility on the line again if, if these reports are accurate, we can kind of blow

...