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The other story of the day that everybody's going to be talking about

when they're not talking about Mario Draghi and the ECB is the new Apple

iPhone 7. A lot of technical changes, better camera, yada yada yada. The story of the day for Apple

and the iPhone is that they got rid of the headphone jack. It's been around forever. All those headphones that you have, now you're going to get wireless, well you got to buy them. Wireless headphones, wireless earbuds. They're like you cut the cord off and that's how you will listen will anybody

buy the iPhone now or is that going to put people off the stock down four-tenths in

pre-market trading it rose just six-ttenth of a percent yesterday. Gene Munster is with

Piper Jaffray. He is the analyst who covers Apple there and Gene you were telling

Fred and I a short time ago that you're more optimistic than most that Americans

will accept the idea of going wireless with their headphones?

Yeah, because it's a better experience and I think that they've done this in the past and they've eliminated, for example, some obstacle drives and so I think that they have a history of kind of pushing the technology forward and the analog jack has been around for about 70 years

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