Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis.

Good afternoon, today is Tuesday, June 11th, and I am your host Kim Khan. Our top story so far.

Just as sure as Dan Smith will teach you guitar, Elon Musk will take your iPhone.

That's a little in joke for a New York

listeners. Elon Musk took aim at Apple after its W. W. D.C.

keynote firing off a host of tweets. The Tesla chief said he would ban

Apple devices at all his companies if the iPhone maker

integrated Open AI at an OS level.

That is an unacceptable security violation, he said, adding, visitors will have to check their

Apple devices at the door where they will be stored in a Faraday cage.

Apple announced the slew of AI-centric updates to its operating systems.

It also announced a partnership with Microsoft backed

Open AI to integrate ChatGPT into experiences with iOS, iPad OS, Mac OS, and Siri. The popular chatbot will be available for free later this year and will be

integrated into Apple's system-wide writing tools. Open AI said, privacy protections are built

in when accessing chat gpity within Siri and

writing tools. Requests are not stored by open AI and users IP addresses are

obscured. Also in the AI arena, Morgan Stanley says Apple Intelligence is unlikely to be disruptive

to broad-based search, which surments its belief that Google's core business is safe for the

time being.

Anelis Brian Nowak says, for now, we see the new Syrian Apple intelligence products as a native

Apple assistant with still limited capabilities.

In today's trading, the Dow is lagging the S&P in NASDAQ dragged down by price moves and financial components.

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