emily: there has been some turnover since broadcom. what is the mandate?: drive 5g and resolve the few remaining license disputes. and to really take advantage of this opportunity that's come along with everything being connected. we've had a lot of turnover and i think moving in a direction that is quite healthy and looking forward to driving that mandate. ♪ steve: you're going to see a tremendous amount of excitement in the mobile space just from the launch of 5g. ♪ emily: the takeover drama is still not over because you've got paul jacobs, former ceo and some of the founders trying to take the company private. what's the status of that? this summit is that you worked with for years and that you know very well. steve: we haven't heard anything actually. it's been very quiet. if anyone came up with an offer, paul or someone else, we would give it care, but we haven't heard anything about it. emily: do you talk with him on a regular basis or are you still engaged? steve: no, he's left the company so we really don't have those types of conversations. but if

we're looking at broadcom.er is going against the recent trend for apple supplies and rallying after earnings below data to get the credit for the rally. let's find out more details. here is taylor riggs. broadcom is a key apple supplier. we have heard bad things recently from all of those apple suppliers giving the slowdown in sales. broadcom differentiating themselves and a really upbeat sales forecast for 2019. continue to grow year-over-year on the topline line revenue growth. they are forecasting .4 $.5 $4.5on in be analyst -- billion and beat analysts forecasts we have a quote saying they expect moderation of the iphone sales but continued robust demand from cloud providers. it is the cloud providers and data centers from google and amazon that are the future of their growth. guy: taylor, other chipmakers have not had such a good run and have been struggling and the iphone sales story is part and parcel of that. different reactions going on as you have pointed out. taylor: very different. come into my ter

when you look at broadcom, the concentration. the apple at 9%. fox conand then huawei at 6% you want to avoid that with the guidance change. but one thing he said that's important is the cloud names -- this is really important, high margins. all the companies, enterprises globally transforming businesses you also have governments. these are companies with 70, 80% gross margins. >> salesforce kills it. >> that's what i'm saying. a secular shift. the buy list should be those names. >> the problem with that is i agree with everything you say but those are the big multiple stocks, the stocks that make sense in the environment are are a google -- i think the most important stock today fucht to start culling a turn was apple apple traded down to 171 level 26% off the high. >> another price cut today. >> thanks very much after 25% when you were tshl at 280. i just think if you want to talk about a stock with a multiple that is very defendable especially when their capital markets activity it spinning out 50 billion in cash flow a year what happened to s

broadcom is as well. let's get more details. here is abigail doolittle. abigail: you mentioned we have stocks trading higher in the day. if we look at the weekly we're lookingee at big declines. all down about 5% for the third week in a row, on pace for the worst week since march. we had a lot of volatility earlier but it is being dwarfed by the volatility in the fourth quarter this year. pace for the worst quarterly performance since december 2008. investors are bearish under a lack of certainty that the corporate profit outlook is diminishing. up 8.3%. quarter of growth in a row. a u.s. and china are very strong and jpmorgan is upgrading their shares. on the way to return to the bearish side of the picture, the worst sectors on the week. 8%, inis up top, down sympathy with oil, down 10%. on pace for its worst week since 2016. consumer discretionary off the week. consumerave the staples and health care sectors. both are lower on the week. sectors thatensive have fared well recently but this week are among the worst sectors for the major average. then fin

ahead, broadcom's hostile takeover went all the way to the white house.ar from qualcomm's about national security concerns. this is bloomberg. ♪ taylor: at the start of the year, the world's biggest software companies revealed a massive security flaw. researchers found a design technique using chips from intel could allow hackers access to sensitive user data. with ceong sat down simon seeger following the news. clearly, these issues are quite serious. designedessors were many years ago and it is really important people understand that security updates get pushed into their devices and that software gets updated to provide maximum protection against what a person might do in terms of exploding flaws. this is a very serious issue and one that the industry as a whole is taking very seriously. we are thinking about rpg designs and how to further mitigate against these issues. we are working closely with our parliament to make sure litigation is developed. we want people to install correctly and apply the maximum safety to any electronic system. emily: how lo

that's broadcom. they closed the acquisition of a company called ca technologies, a software business, lasers their margins, lowers their apple exposure to less than 15%. broadcom should grow next year, which i think will be a rarity in the semi conductor space. the other thing it does is boost the cash flow by over a billion dollars. so you will see broadcom on thursday when they report i think raise their dividends to a level that would imply about a 4% yield and next year we think the dividend could go as high as $12 plus so broadcom is a low multiple stock. it's under performed this year you get revenue growth next year broadcom is our top pick >> do you think there could be mna in this space. it has been revived. given what you have talked about in terms of oversupply in the industry and stocks are down and china says they will rebuke it and come back with a more open mind, do you think perhaps mna is back on >> it's a good question, mellissa i think there is another wave of mna that happened in

we saw this around broadcom, qualcomm, and some other things. enhancement to the rules earlier in the year, looking at partial investments. we think in the u.k. and germany, possibly china, so i think we are in a regulatory environment that is more challenging, relative to what it has been. how far that goes i think is partially tied up with trade relations. guy: is that a surprise, though? the expectation when trump came in was that he would be pro-business and a boon to the has not beenhat possible under the previous administration. has it been a disappointment for dealmakers? mark: i do not know that i would say that. i think the confidence interval around the predictive capability on what will and will not get through has widened. i do not think necessarily disappointment. i don't necessarily blame it on the administration. the fact is, you look at geopolitical relations around the globe and things have changed. we are in a more mercantile environment. to 2019.s look forward what deals do you expect, and what sectors will blossom? mark: clea

romaine: i want to break in here and we are getting earnings reports from broadcom.ir fourth-quarter adjusted net revenue coming in at about 5.4 and have billion dollars. we are seeing their earnings coming in above estimates at $5.85 per share on the continuing operating basis. broadcom was one of these companies that got caught up in huawei concerns early this year when they were trying to buy qualcomm. to important is huawei china's ambition and should that be something the u.s. needs to be worried about? as anf you look at huawei international technology player, they are the number two smartphone provider, number one infrastructure provider. so there are number of things coming in from a secular perspective. if you look at five g networks coming on board, it is a transitional opportunity. this could potentially slow huawei as part of the five g networks -- 5g networks. this could hamper some of the5g smartphones in the long-term. shery: we think of tencent and alibaba as star players out of the chinese economy, but as woo jin said, this is the number two provider

we also have broadcom's results. forecasting stronger sales for 2019. that may help.shares rise for the first day for u.s. futures continuing to kick higher this morning. the yen is holding steady. it is set for the first weekly gain in three. stocks and oil and bond yields have taken a hit. fore bond yields are set the steepest weekly decline in four months. the 10 year yield is down for the week in australia. thank you for that. let's get to the first word news with jenna. opec plusmped as meeting ended in vienna with no agreement on production curves. two days of talks wrapped up inconclusively after russia showed growing influence by refusing to commit. the proposed cut of one million barrels a day fails to win acceptance and the russian set -- do you have roughly a target? >> probably. still debating the minutia. you have anonfident agreement set for tomorrow? >> i am not comfortable. >> opec struggled to manage prices. a neta has become exporter of crude for the first time in 70 years, ending 75 years of dependence on foreign oil. the shift is seeing an unpreced

broadcom is a great, conservative way to play the chip space.ix quarters in a row more than doubling profit. when the nasdaq was rolling over, down 20% last couple months, broadcom was up 5%. that divergence is something we need to pay attention to. charles: absolutely. lou, happy new year. we'll see you again real soon. >> you too, charles. charles: cyberattack originating from outside of the united states disrupting the printing and distribution of some tribune publishing, some of the their largest newspapers on saturday. papers across the country, including the los angeles tribune, "chicago tribune," "los angeles times" and "wall street journal" were among those hit by the malware attack. it may have started on thursday and spread throughout the rest of the week when it was detected and reported on friday. department of homeland security issue ad statement a short time ago, it is aware of the situation, looking into it further. >>> corporate debt, economy, federal reserve are all risks possibly facing the united states but are we overlooking

that's why micron and amd was up by micron because it's cheap don't buy on acquisition broadcom is the most inquiztive player now it's time to strike for another company. every time the ceo the stock goes higher. now get tricky we know the 90-willing to starts day one. that truce may or may not need something for nike, apple, starbucks all chf do a huge amount of business in china. i can justify buying nike on earnings alone now the risk of the boycott is off the table. same goes for apple and starbucks. apple's derisk for the moment on china talks won't be derisk because of serious logic providers of the sound system actually gave very down beat earnings forecast tonight. that's going to hurt apple tomorrow but i think starbucks and nike are both attractive at the moment because the stocks are ripe for upgrade i still get the sense because some people get the long knives out for apple. my verdict, own apple, don't trade it apparel and retail the most fertile areas that haven't been yet exploited. most apparel makers source some of their products from china it's expensive to move the p

they will like comments from bob,, the wire -- broadcom.a: you've got your eyes on present -- pretty ugly. shares down 10% in the premarket in germany. the german health care company warned it will probably miss its financial targets through 2020. that is the second warning after october. company expects earnings today to stay flat next year and that is not a good sign for investors. shares down 10% in premarket. anna: we will keep an i on fallout -- an eye on fallout. latest on stories from the equities team, go to first do -- first go. suggesting we will bounce at the start of trade. this is bloomberg. ♪ goa: less than a minute to until the start of cash equity trading. it's friday morning. this is what the charts have. euro against the dollar is stable. waiting on the job super of or later today. we heard from jay powell overnight talking about the strength he sees in the u.s. jobs market. oil prices are weaker. no deal in vienna. still some big names in the oil industry on the ground. we will bring those to you. this is the picture in t

companies are manufacturing firm ao smith, fiber optic cable manufacturer amfal and semi conductor firm broadcom. >> now to the fed, which of course h been a big focus for investors this week. today another federal reserve official said that the central bank shouldot be raising interest rates right now when job creation ind strong inflation is under control. during an interview this morning, the president of the minneapolis fed made his case for pausing rate hikes. >> if the u.s. economy is creating 200 jobs a month month after month ware not at maximum employment that's leading me to take my policy. >> he added that hiking rates oo forcefully could trigger a recession. >> with investors focused on the fed and on trade, many areur trying to f out what those two issues could mean for 2019. and earnings in particular. bob pisani is at the new york stock exchange tonight. >> reporter: the new year wl be here before we know it. and a good part of 2019 earnings expectations could depend on at ff deal between president trump and the chinese president xi jinping. with the highly anticipated frl reserve

the other negative factor 20% and 54% for broadcom it hit a two-year low today. a few green shoots hostess brands calling it the most attractive names in food right now. love the twinkies. a 34% increase in online sales so it's not just brick and mortar but their tech sales that are higher >> thank you >>> oils plunging today as opec's meeting gets underway we have the latest headlines from the meeting, brian. >> the headline is that oil is down 2.5% to 5150 and change everybody we talked to have said if we don't get a deal tomorrow that's no deal opec, whatever you want to call it, oil is likely to continue to fall maybe into the high $30. a deal is expected the question is how much whose shoulder is that is it the saudis the russians arrive tomorrow they are not a member of opec but everybody saying that the reason we did not get a deal is they are waiting for the russians to come in and bless that deal if you will. they are looking to cut a couple hundred thousand and it could take political heat off and everybody wins in that scenario. either way only the sec

twitter is down about 6%, but there is a great performances up 4%,ke, foot locker broadcom got a nicefrom it just -- j.p. morgan. the euro is weaker versus the .ollar, and the british pound balance of power is next. this is bloomberg. is is bloomberg. ♪ >> from bloomberg world headquarters, i'm david westin. welcome to balance of power, where world of politics meets the world of business. we have a looming government and our correspondent in washington on the sudden resignation of jim mattis. the president is currently meeting with republicans from the senate. >> all of a sudden, the discussion has become about the filibuster in the senate, that's the only thing that keeping the senate from passing the measure that the house passed yesterday, which would fund the government for two weeks and includes the billion dollars the president requested for his wall. the reason i cannot pass is because he needs at least nine democrats to get on board for the filibuster. the president wants to get rid of the filibuster. so far mitch mcconnell is not ok with that option. >> it's all up to mitch m

ipad and talk broadcom, and those are tying in pretty nicely.com was having its best one-day performance since december 2017. so the best one-day performance in a year. they are coming off those highs a little bit, but it is good news mostly for them because they had a better-than-expected 2019 sales forecast. analysts are looking at 24.5 billion over previous estimates, and it is not about to slowdown in the iphone sales, it is about the cloud and data center, providing partnerships with google and amazon. that does not mean it is translating into gains for other chipmakers. we are still seeing major losses for other apple suppliers. lowering their sales forecast, 82% of their revenue from apple. sky works also heading lower because they are dependent on apple, and have not yet started to pivot into some of those cloud computing chips. romain? ne: given all the swings in the market, it is understandable that investors will look to the more boring names in the market. i want to take a look at lower volatility stocks, specifically the s&p 500, th

came back then you got -- you were mresed wi blessed with a call from broadcom, hock tan, who said thisata area is strong people were saying because of amd's weakness and nvidia's weakness that it wasn't strong that was a false read. i felt good about what hock tan was saying he has a good, broad perspective. in the morning, you still come in, what happens you have the price target cut for apple. a month ago the price target was raised it's china's slowdown. it's a devastating piece china's smartphone market. she's talking about wearables and services offsetting. i love the wearables and services business, but i see people all over not wearing watches. >> like myself >> where is it >> the battery ran out >> don't you want your ekg >> it used to cost me $2,000 for an ekg, now i just get it. >> that's great. >> let me present you with a different view jamie dimon yesterday, listening to him with becky. very positive. i can go through some of the details. >> versus how he has been when >> he's typically been positive. but i have spoken to him when he's less so within the positive realm, he

higher, also trading broadcom up more than 4%. the are seeing some strong buy -the-dip action. let's hop into the bloomberg and look at an interesting chart sent to us by strategic wealth partners. it is great joy that comes out of april. we see that every time the s&p -- it didn't lead to a rally. overall for the second and third order -- it did lead to a rally. overall for the second and third quarter it took to an all-time high. this leads to a lower low and this down trend. we are seeing a little bit of a regime shift, but investors trying to buy the dip. look at oil, very volatile on the session. tire into the inventory report were there was a smaller drawdown than expected. 1.47%. really sticking to the idea that this is a risk rally on the day. vonnie: abigail doolittle, thank you for the update. let's get an update on the "first" word news with courtney donahoe. courtney: china will change in industrial policy that the trump administration has criticized as protectionist. beijing for replace it with the program that will provide greater access for foreign countries. it

too bad today, jon >> they are chipping in on a reversal, applied materials, lam research, micron, broadcomith your interview with the interim ceo. we have double line ceo jeff gundlach with scott wapner on "the halftime report." it will be a big one given all the news with the market this week >> so much to ask jeff about equities, corporate credit, the fed, global growth let's get to los angeles and a special "half. >>> for the first time in decades every major investment group is on track to close lower for the year stocks, bonds, commodities the markets may be at a crossroads and few people have their finger on the pulse of what could happen next like doubleline's jeffrey gundlach >> there are negative parts, unintended consequences, negative parts to this tax package pushing upward 3% will put a drag on the stock market >> today the bond king is with us live in los angeles for an hour for an exclusive interview.

we heard from broadcom that stock has been flying ceo can't -- and i quote, our results reflect strongear growth, you have load businesses, driven by robust demand from the cloud, data center markets as well as traditional enterprise boom that stock is screaming and dove tailed with the one area of tech that's our self-appointed cloud gains. salesforce reported a perfect number big acceleration, splunk, 40% growth 50% for subscriptions. then vmware had a basic -- tech is complicated sure, there are disasters. unmitigated ones like much of the semiconductor complex. but there's a lot that's still working here and you cannot just take them in aggregate. the data center, cloud, they're strong this is why you pick individual stocks rather than wasting your time with sector based etfs. why deal with the losers you have to learn to look for them stick with dramer. lies beyond the tech sector. it's about technology transforming every sector. ♪ at pgim, our bottom-up approach uses a technology lens to identify long-term winners. from energy... to real estate... to retail. finding such opportun

performed, merck, pfizer, some of those names lindsey, thanks for being here what do you have >> i have broadcomh flow, this is the place you want to be if you're in semis >> there it is, up yet again pete >> i think we're seeing energy make this turn, diamondback, this was $100 yesterday. it's going up. >>> good stuff, thank you. >> real estate one of the best sectors this year, and s.t.o.r., store capital up 17%. >> airlines, it's a gift to you. >>> have a great weekend "power lunch" starts now >>> i'm melissa lee, stock with a violent move into the red, job growth missing the mark, but shouldn't that be good news if you want the fed to scale back rate hikes where do prices go from here will the cuts stick? we'll head live to vienna in just minutes to now. >>> a smoking deal both stocks are rallies light now. what it means for this red-hot space. "power lunch" starts right now

intel, amd, broadcom and microchip down there were some tiny bright spots. micron trading a bit higher. stm was higher, now it turned negative even if a stock was seeing gains, it is not a guarantee throughout the session the faang names were seeing losses but not steep those losses accelerated from 1 to 2% this morning, now looking at losses from 2 to 4% across the board. and also, what's interesting is some analysts are saying yesterday's move higher wasn't necessarily new buyers coming into the market but that it was short covering to protect different positions, to rebalance before the end of the year i want you to look at some names with the biggest short interest, they're again lower today after seeing huge pops yesterday some stocks, bed bath and beyond, snap, abercrombie & fitch, california resources are all trading in the red today >> thank you. >>> still to come, why one of wall street's favorite seasonal barometers may be left out in the cold. >>> and red across the board as we await the european close less than 30 minutes away the germany dax on

if so you want to buy broadcom, intel, really cheap or amd if you can get it under 19. those are much better buys than sticking your head in the lion's den. wednesday, the fed meeting, the fed needs to become more data dependent meaning when facts change they change their minds too. this is called prudence. like prudence, like remember when your mom told you got to be prudent and don't be like a pop-off or don't be irrational all those things if jay powell starts talking about dot plot nonsense and overshooting strong fundamentals away from wages, you want to see a bear market. that guy will be a one-man kodiak let's help you realize it's creating a nightmare before christmas. jay, all you got to do is you got to say, you know what, you were too exuberant when you proclaimed the need for many more rate hikes. own it that's what champs do. it's okay. i do it. i own it a lot if you say one and wait the market could be off to the races which is why we can't give up on stocks choose words carefully thursday after close nike reports and i think it's a great time to own them

remember broadcom/qualcomm i wouldn't be surprised with a 23, $24 billion market cap that xilinx becomes the smart question will be, somebody is going to ask, valuation is ridiculous. it is. at 26 times forward earnings it's expensive the real issue is are they going to grow into that multiple sort of like nvidia did i think they're in the right space at the right time. >> guy, aren't we finding ai to be priced in like every other part of the semi and chip space. >> that's been the range, internet of things, ai the question really comes down to, again, they're the first movers in this space and if they have the advantage of being there, and i think they do i think, listen, 26 times forward earnings you could easily make the argument that all of the good news in ai is priced in. i would push back and say i think there's more good news ahead. that's what makes markets. >> no more questions it is time to vote are you buying guy's pitch on xilinx >> i say buy it. match it up against the s&p. yes, it moved within but to guy's point, when you had the rest of the space getting demolished and th

. >> you're so right i really like broadcom what i like about it is that they are in the prostesz of a merger integration that will drive very good everyonings growth next year which i think will be a rarity in the space overedness all on top of that you have an $11 dividend i think that will probably go up in 12 months you a low multiple stock that's underperformed you have earnings growth you a very nice difr denvidend >> and wall street initially hated that deal. >> is that right >> the deal came out of left field. you know, this management team has been impeccable track record when it comes to merger integration. we have had the opportunity to hear them talk about this deal now on a couple of occasions i think the market is slowly warming up to it it will drive decent refr knew and earnings growth. it is strategic. it is boosting cash flows. they are turning around and taking 50% of that and giving it back to shareholders i think people are warming up to the deal >> thank you for joining us. >> thank you >> the president just asked at the prospect of a government shutdown he said

you can see this is up lead by broadcom the strongest gains more than 9% it looks like that we have seence back in 2016 not all chips are moving to the videos among the losers to the downside today interestingly all of the new lows coming today are in the smaller and mid-cap names as opposed to the large cap nasdaq 100 apple bouncing this morning off of $167 low of the day it is back fleer tnear the highd turning positive we'll see if the gains can hold. back to you. >> thank you very much >>> google's ceo on capitol hill today, cnbc is there with the latest >> testified for three and a half straight hours, not too bad for a newbie there when it comes to china he said google has no plans to launch a search product there >> will you rule out censorship while you're ceo of google >> i come to engaging one of the things that is important to us as the company we have a stated mission of providing users with information. we always think it's in our duty to explore possibilities, to give users access to information. i have the commitment but as i said earlier on this we'll be very thoughtful.

broadcom reports earnings after the close today.l it be another apple supplier that has slashed revenue guidance? top revenue estimates have increased over the last four weeks. of theade up 20% quarter. david: thank you so much. tensions between washington and beijing heightened when news came out that the cfo of huawei was arrested on charges of iranian sanctions violations. welcome now enda curran. thank you for being with us. it's not up on us. explain how important this is, the cfo of a company that is rather important to china. >> i have heard people today say you really can't overstate how important this development is come up potentially a major development in the overall tensions between china and the u.s.. the cfo is the daughter of the founder. huawei is a major national champion for china. they aspire to be a global leader in technology. the sectors ing ai, semiconductors, and smartphones. it goes to the heart of complaints the u.s. has against china, that they are trying to secure technology from the u.s. that china is a

spending overall at 19 and maybe wobbling given comments from dow and hpe and broadcom suggesting ciot bhooelieve that at all >> michael dell is saying the opposite he's saying 2019 is going to be a good year. did that person bother to read hock tan's call? china is talking about a good year for 2019. it is absolutely true then you can say cisco is having a good run. i am not saying that was an incredibly stupid or horrible downgrade for cisco, i am saying it is a stupid/horrible downgrade. that's a step up >> jim, when we come back, you will talk about the ceos of starbucks and uber of the delivery of this partnership the dow is down at 32 to start this friday. alerts -- wouldn't you like one from the market when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. >>> one of the big

. >> the government blocked earlier this year the broadcom acquisition on national security grounds.e don't let into this country for those reasons. so, my question is, are we going to enter as a result, david and kate, this hacking incident enter a period where it is harder for us to allow chinese businesses to do business in this country because we see what they and the government stands behind so many of them are willing to do. >> go ahead, david you take it first and then kate. >> i think that's absolutely how you resonate with nation states. we had a little bit of limited capabilities with russia becaus we don't do substantial amount of business with them. countries like china where what they get as far as revenue is trade. and i have to agree to the point that companies absolutely need to be doing more when it comes to cybersecurity and especially in the hospitality industry and notorious of not doing enough for cybersecurity. at the same time, we could hit other countries in their pocketbooks that don't include military conflicts that causes them to take a step back and not go

broadcom, one of the biggest movers higher. and you have cooper software up on an acquisition. and take a look at banks, this is the bipolar aspect of the market. banks down in a big way, going to the next grade, but then again they cut their losses and half. a lot of this has to do with concern over the fed perhaps having to put a hex on hold going forward. -- hikes on hold going forward. >> and all this but asian on whether they will pause are not. what are we seeing in terms of the latest speculation and how it changes the dynamic in the market? su: there are a lot of questions on the market, what is more important, what the fed does, what will happen in the market? but if we go in the bloomberg, we can see the speculative on fed cuts, at least going into 2020. again, they will have to ease. so what does the thinking right now mean? paul jones, a widely followed hedge fund manager, said on a recent broadcast he believes the fed is going to have to really pause going into 2019. downturn inthe commodities alone is weakening the economy, and so probably no fed hikes for 2019. a

states to legislate and reduces the risk there will be unintended consequence that often accompany broadcom precomprehensive legal regimes. on the other hand state rather than national level solutions raise the specter of inconsistency and complexity. compare for just a minute the u.s. regime to help regulations in europe. there, privacy focuses on the dignity of the person and very much extends to private sector activity of all types. this resulted in lackser governmenting arelation of surveillance. but stricter data protection, credit reporting and workplace privacy. the gdpr custom came into effect earlier this year throughout the eu is a perfect example. it has wide ranges privacy protections and applies to all eu organizations and companies ash the globe holding or processing the personal data of people in the eu. europe is far from being alone in passing comprehensive privacy laws. according to one estimate more than 100 countries now have some form of privacy laws and 4 other countries have pending legislation or initiatives in the works. this is not to say there haven't been attempt

among the real stabbedouts is broadc ho m it was last spring when the trump administration blocked broadcomquiring qualcomm, that we started to get concerns about china trade and tech they will really recovered and seen the best three-day gains in three years. already up 12% for the week, and facebook enjoining some of that recovery trade as well, on pace right now with four straight days of gain for its first monthly gain since last august, and it's bringing along some of the rest of the faang names as well as tech overall, sara as you know, today, really showing some strengths, so some folks looking to see if we're starting to turn the corner here. >> bertha, text seem indispensable to the markets. >>> it's investor day for under armour, and the stock is feeling some pressure today. up next, nubs from the investors meeting and what's concerning analysts right now the company's future. >>> and bob pisani is back now getting ready for the return of "deal or no deal" with -- at 9:00 p.m he's got his briefcase and mike stole el not to beutne odo has a special "deal or no deal" stock chart tha

>> broadcom, cypress those would be the names >> all right thank you very much. >> thank you >>> bob,o thank you for being our guest host today too. bob doll, always a pleasure to see you. >>> when we come back this morning, wilbur ross will join us live from the white house we're going to be talking about president trump's trade truce with china and his meeting today with european automakers a lot of things to discuss make sure to stick around for that "squawk box" will be right back. comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. from capital one.nd i switched to the spark cash card i earn unlimited 2% cash back on everything i buy. and last year, i earned $36,000 in cash back. wh

. >> we have to go i saw your thing on broadcom yesterday.umber >> he did good >> there was some volume in that rebound. are we getting close >> absolutely. hot tan did some good stuff last night. i'm not bearish, but they put a positive spin on bad numbers how about that >> we'll see you in a couple minutes. ay tuned "squawk box" will be right back. at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. >>> all right. welcome back to "squawk box. you can see right now things have settled down a bit. dow down about 40 points after being down 170 or more earlier in the session that came after the jobs report was weaker than expected but so were average hourly earnings have a great weekend right now it's time for "squawk on the street. ♪ >>> good friday morning. welcome to "squawk on the street." i'm carl quintanilla with jim cramer and david faber coming in 30 minutes, larry kudlow on jobs, china, trade, huawei and more. speaking of the