It's Monday, May 13th.

Welcome to Mark Tullery.

I'm Chris Hill joining me in studio today from M-Fam Funds.

Bill Barker.

Thanks for being here.

Thanks for having me.

I wanted you to be here in the studio even before we got the

legal news, but now it's even better that a lawyer is here in the studio with me

because and we'll get to what's happening on Wall Street

in just a second but the Supreme Court has ruled this morning against Apple in a

five to four decision the justices ruled that consumers can go ahead with a

lawsuit over how Apple manages its App Store. I guess this is a big deal but you tell me I keep seeing that this is a big defeat

for Apple if you look at what's happening with Apple's stock that's not really reflected there.

Yes, Apple stock is down, but it wasn't like it took this big dip

once this was announced.

Yeah, it's down a little over 5% as we talk about it and the rest of the market's down about 2.5%

in the NASDAQ 3%. So if you want to isolate the portion of the bad news that is about this lawsuit that the market is

pricing in, you might call it 2% drop, something like that.

And that might be the status of the case which is it the cases allowed to go

forward but it is not a final verdict or anywhere close in terms of probably the number of years that may follow as the litigation

continues.

But ultimately, yeah, Apple doesn't want to be liable to the users of iPhones for misuse of its monopoly power.

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