Watch CNBC’s full interview with the ‘Squawk on the Street’ crew

Let's begin with Apple. The morning after it kicked off WWDC by unveiling what it calls Apple Intelligence to add AI features to its products. The company also bringing open AIS, ChatGPT to some apps including Siri. Despite those announcements, the stock did close down almost 2% in yesterday's session. Although Jim, I know Melius says don't be fooled by the sell off. Yeah, and I talked, I talked with Ben. I just, he and I are pretty much agreed. I I spent all the time talking to Tim after Tim Cook CEO and I think that what you have to do is you have to say, all right, if you put all these things together, time together, unless you own the pro or the pro Max 15, you're going to want to upgrade. And it not only any individual one. I mean, do you want to have your own emojis? Of course we do. I send the emoji with the, you know, with the sunglasses I send to my kids all the time. Enough. OK. I want to be a little more personalized. Like when your daughter graduates from high school, I won't be able to cap and gown, you know, going to Venice, whatever. Sure, but more more personalized emojis. I'm sure that's going to sell a lot more iPhone. No, it's a it's a pastiche, if not a mosaic of things. Right. And, you know, you want to get to Vision Pro and I know you don't. You get 3D pictures of people who may have passed away that you get to be with that kind of cool. I don't know, I'm looking. Maybe you probably think I'm reaching, but I think that makes sense. Show me all pictures of me, Jim and David out at night. Yes, it can do that. I think that's terrific. Us in the clubs. Yeah, yeah, yeah. But hear me out. Like, if, let's say you're doing an interview with someone or you want to talk with someone, it you know, he listens, you can help him. Listen. I'm taping you. And then it's a transcript. That would be very helpful. That would be the notes that you write, the secret notes you write from people I'm not allowed to talk about. And it's like, boom, this is it. So I think there's a lot of little things that add up, just something that's incrementally revolutionary. It's interesting you mentioned the secret notes I write because privacy has always been an important component of sort of the the what they're bringing to consumers. You feel like that's continues to be the case with what they introduced yesterday. I think that there's this an assessment that goes on among younger people, which is that no matter what, they sell your data. That's what they do. They sell your data. They say, listen, your data is it will be left with you. That means they sell your data typically to like bad guys who are hackers, but Apple doesn't do that. It's going to be residing on Apple. And I think that's a very big difference. Some people say they're selling you down the river, I think is the phrase. Those people are cynical. No, those are the people who said in the Lilly Alzheimer's drug will definitely not pass. I mean, you know, there are people who are wrong. I mean, this is like it would be they'd make a lot more money if they could sell your data. I mean, it would be great. Like you do Siri and you know, and you say, listen, wake me at 3:30 and they have like something that goes on at 3:30. That's a program, you know, like CNBCUK, yeah, yeah. Or CNBC Europe or CNBC Asia. Yeah, we will come on because you talk to CNBC, put on CNBC. That said, you also made an important point, which is a lot of the compute power is going to reside in the device, I guess, I mean, which is. So what are we going to get and are we going to get more unveils from Apple when they introduce the next device when it comes to AI? Well, I think that it's pretty clear that it's not just going to be open. AII think it's evident, self-evident that it's going to be Gemini too. They don't be a situation where they where they going to say, listen, we're not going to let anybody else do it. This was I was referring to the Elon Musk tweet where he calls this a security violation. But Samsung here we come. It was interesting B of A with a note on Alphabet on how stock closed higher yesterday because in their view, some of these partnership details were not as robust as expected. Exactly. And that's why I think think that and Tim confirmed to me, listen, we're going to have many more announcements about who is going to be our partner when it comes to Apple intelligence, which David, I think is why, right when it was announced that they that they do that they were going to go with open AI, Alphabet stock soared because they realized, well, it's not it's not it's right, it's not it's it leaves open the possibility. But how about Elon is David, is this is this boarding on petulance? Is it petulance typical for Elon, But is it him? I mean, he he comes after you, I guess so yeah. Hey, though it was great that he got community noted when he said Apple's not quote, smart enough to build their own AI. Gemini is exactly what you're what it is their own AI. Well, you know, look what you're, he's a little conceited. Do you think that there is enough? He says 90% of retail is going to vote for him. What do you think? I think that for the compensation vote, which we're now two days away from, well, we're two days away from the annual meeting at Tesla. I think they're going to need a very large component of retail to both vote and vote in favor given the institutional vote when you count the index funds, which obviously are not unimportant is is not going to go his way. There's there's Elon continuing to sort of go on and talk about right. So you know, if they used XA I I guess he would have been happy with that. Maybe he's trying to pave the way for them to use XAI for something down the road. Maybe he loses the vote. He goes to XAI and he what then he oh, deals with what do you get Erickson, the compensation, the compensation vote. Oh, lucky G SLG I'm sure we're going to talk a lot about Tesla and that vote between now and and Thursday. But yeah, the the question if he were if they were to lose the vote on on the compensation award that was voted on in 2018 but revoked by Delaware court if they were to lose that. You raised interesting questions. Would he do anything or would he just business as usual? It's not as though he doesn't have a lot of economics stake here, Jim, to begin with, given his significant ownership already said over and over again that if he doesn't have a certain 25%, what's the point? That that's not Petulas, by the way. I don't understand. You have a contract. How could they revote the contract? Yeah, but what is that? What is that? What is what? You look at different things. I do look at different things. He follows Elon Musk on this. I do follow Elon, as millions of other people do. I don't know. I haven't heard from him lately. I'd like to, if he wants to do an interview prior to the vote, I'm happy to do that with him as well. There you go. Yeah. Open invitation. Yeah, open always. He knows he hasn't. Open AI invitation. How about, come on, we do it on the X platform. We just go back to rule for a SEC. Thank you. Well, you took us away from Apple just to make sure. By the way, Jim, you mentioned you mentioned vision. Vision Pro a moment ago. Peace in the Times today. Can Apple salvage the Vision Pro? As Kevin Roose says, his sits on the shelf collecting dust. Yeah. You know, I used to write obituaries for a living and I did feel after reading the commentary that that would have been one where I would have told people what home is going to be AT and maybe if they want to, they can send well wishes to the family. I mean it was horrible. I feel it costs $3500 but it's going to go to China. It's going to go to a lot of other countries. It's going to go there, China, Hong Kong, Canada, France, UK. You can order a pre-order at the end of the month. It still costs $3500. I'm not writing you bitch Worth. I know you're not. You're very. We all, all of our viewers know how you feel about it. But there was been underutilized as a tool in the enterprise to to quote. And there was no Jensen Wong. There was no meeting with Jonny. You know how everyone like yesterday, before I interviewed Enrique Loris from HP, he sent me the obligatory picture of him with Jensen Wong. You know, I mean, you have to, but there was no Jensen Wong there. You know that Yesterday. Yeah. No Jensen Wong. No way. You need a little. You need a little. Jensen. You're going to do a presentation. Got to get ready with Jensen. Jensen. Anything related to AI, Jensen's got to be around it. No kidding. Even if he's just dancing in the background. Does it matter? No. By the way, B of A did note that NVIDIA broke the trend. Tried it higher on the X date of a split. I couldn't. Today goes to 150. Yeah, I've. And frankly, there was nothing in that, But that's OK. My work has shown that over and over again. There's three days to churn, three days of term where you say, oh, geez, what happened? I guess that's the top because people are, are are willing, David, to sell 3 out of 10. That's been the pattern. All right, Jim, but here we are day 2, so to speak of the reaction. And you look at all the analysts who weigh in. Announcement of Apple intelligence was a bit disappointing relative to expectations at CBS. Barclays sees no surprise and little incremental news after a strong stock performance leading up to it. Morgan Stanley event delivered slightly ahead of that firm's expectations. Now staple intelligence Wells Fargo said as a platform level in intro could stimulate a significant iPhone upgrade cycle. And there it is. It's hard, right. Look, I, I think everybody who has something below AA15 or below is thinking, well, you know what, I maybe it would be cool. I mean, let's say David were to go buy it and he showed me a feature and something that I don't have, you know, so you know, something like that. Then what would happen is, is that I would say I got to get that. Wait, how much did that cost you say? No, I got it free through T-Mobile. Mike Siebert. I did that because you know that there's a Comcast downgrade. I figured you'd be able to go run with that. I didn't even see that, Jim. And even if I had, I would, it would be unknown. Save it for the D Actually, I think we've been sufficiently critical of our parent company. Save that for the 10. I'm going to save that for the 11.