are not there is very widespread for the us they are not there is very widespread for the us economy iot and probably not good for consumers, even if is consumers, even if trade is diverted _ consumers, even if trade is diverted to other those countries are likely to be producing goods at a higher cost _ be producing goods at a higher cost but— be producing goods at a higher cost. but donald is doing cost. but donald trump is doing this, _ cost. but donald trump is doing this, a _ cost. but donald trump is doing this, a - of— cost. but donald trump is doing this, a of things, one this, a couple of things, one he this, a couple of things, one i he was _ this, a couple of things, one he was elected both times in is he was electedbfith {fa - on is he was electedbfith t'",s - on a is he was elected'bothtimes—in -m— is he was elected'bothtimes in on a very real grievance, part on a very real grievance, that— part on a very real grievance, that he — part on a very real grievance, that he and m _uppor 7 7 their jobs in people who lost theirjobs in manufacturing, but = _252 —_—- é only, white? who

wswhouldw court. should not beyond iurt. should not beyond �*ff 's'r not not beyond �*ff 's'r not a iot whether we should cooperate to the court. given that american has never been a that american has never beerla. �* of the court and never member of the court and never recognise its and recognise its jurisdiction and is surprising that is not surprising given that trump has his own w= that he has acted personality, that he has acted in this way. it personality, that he has acted in this way-— in this way. it is important to underline _ in this way. it is important to underline some _ in this way. it is important to underline some of _ in this way. it is important to underline some of the - in this way. it is important to underline some of the really| underline some of the really important work that the court doesin "age; mm” w does in all manner of actually does in all manner of different atrocities that they different atrdcities that they been different etrdcities that they been over have been investigating over the years and even counselling. i very agree with court twettzzjt’e—w; .

act this way and therefor( ally. rica is not ally would not act this way and therefor( ally. ric you iotanada's ally. do you agree with that? i canada's ally. do you agree with that?— canada's ally. do you agree with that? ~' , , mm ffthétf whathas f f f f f whathangonfef f f f f ffff fthfat has gone on ffff ffthfat has gone on here. have ff ffhfaveffaich.f f f f f f ff ffhfaveffaich.f i f f f f f ff ffhfaveffaich.fifhafvfeff f f f f fhfaveffaich.f ifhafvfeffaithf f but i have faith. i have faith in canadians and also have faith in the friendship between states. it has gone fchsiifthfgfifthff f f challenging timesf through challenging times we always make it before but we always make it through. we have been through. because we have been able count on each other for able to count on each other for �* 150 years able to count on each other for �*150 years and will over 150 years and will continue to be to do that continue to be able to do that into the this a long into the future. this is a that has the ee of time and despite test of time and despite challenges we can work on and work on f

texas instruments way to iot. you've got a group david that is frankly verklempt is the word i was searching for. yes. >> it's a word we've used frequently through the years. you know, i mean qualcomm again the reaction to the quarter just to and you said this were very positive. it was a strong. >> quarter quarter. >> for the company. but it does put at least it sort of does reflect the broader i think, concerns that investors have right now. and it's not as though many of these companies don't trade at fairly significant multiples. they do. so it doesn't leave that much room for error or even for concern, which seems to be just building up around, let's call it a lot of the, i don't know, the apple ecosystem and in general, or fair to say. >> yes, i think the apple ecosystem, but i also think that there's this notion of this came in the wake of google, of alphabet saying they're going to spend like mad. >> by the way, qualcomm had shared gains with samsung. sorry. i mean, so no, no, not as though. right. >> thou

indicates momentum behind obviously indicates momentum behind lot of obviously indicates momentum behind i iotieve it's only 3 weeks ofl initiatives. it's hard to believe i it's only 3 weeks of this it's only been three weeks of this administration here. thank you to our on the trump administration's ability to end russia's war on his country. speaking to the bbc, dmytro kuleba said russia wouldn't want a peace deal because it believed it's winning. and the whole trump administration to achieve their goal and meet the deadline in three months. this will be a much more difficult nut to crack given interests start with those reports . —. start with those reports that —. donald trump actually spoken donald trump has actually spoken with vladimir — does this donald trump has actually spoken with v to imir — does this donald trump has actually spoken with v to you, — does this donald trump has actually spoken with v to you, in — does this donald trump has actually spoken with v to you, in — any as this signal to you, in terms of any potential talks? progress potential talks? any progress 554555557,

the tariff, plus they . same as the tariff, plus they charge — same as the tariff, plus they charge iots on our— european union has been very tough on our companies, - european union has been very tough on our companies, theyj tough on our companies, they sued — tough on our companies, they sued apple _ tough on our companies, they sued apple and _ tough on our companies, they sued apple and google, - tough on our companies, they sued apple and google, theyl sued apple and google, they sued — sued apple and google, they sued facebook, _ sued apple and google, they sued facebook, they- sued apple and google, they sued facebook, they sued i sued apple and google, they. sued facebook, they sued many other— sued facebook, they sued many other companies, _ sued facebook, they sued many other companies, american- other companies, american companies. _ other companies, american companies, and _ other companies, american companies, and the - other companies, american. companies, and the numbers other companies, american- companies, and the numbers are staggering — companies, and the numbers are

chips for iot, the internet of things, some of these wearables, etc.cial, and why do you think there will be demand for those? if. >> well, one of the things that deepseek showed us which was a fantastic innovation, by the way, is the fact that you can now run ininference potentially in a much more powerful way. why is that important in as a a.i. workloads move the to smaller and smaller devices like ear buds, mobile phones, laptops, these are devices that have only so much power. they're limited by the thermals, the area, etc. you can't put a lot more compute inside there. cpus exist if inside those devices, they're arm-based. anything that's more power efficient that can run an inference model inside a twice that has arm, it's very good us. liz: it is a phenomenal time in the industry. and you worked at nvidia many years ago. you've been at arm. you're dealing with one of the three players in the stargate effort. have you ever seen a moment like this in this sector? and how does it feel to try and keep up with the changing landscape minute by minute?

the second focus is on automotive and iot, the internet of things, where peers like i mentioned on sammyxp have reported some weakness. and then finally china. it's at almost 50% of its 2024 revenues. we could get some insight on domestic smartphone trends and any tariff or export control concerns as well. you talked about arm. they're also out after the bell minutes away. it makes money by licensing its chip designs to semiconductor and smartphone firms like apple and qualcomm. two positive drivers for this thing or this company is arm's royalty rates. they're moving higher in the smartphone market, which makes up 50% of their revenues, and then demand for more ai data centers could help expand its ip licenses. also, why you're seeing the stock up. look at that jumping 6% its earnings scott. >> thank you, christina. thank you very much phil lebeau. what are we going to get from ford. probably a lot of talk about tariffs. no. >> there will be some discussion. >> i'm sure. >> ford will have some discussion. during the analyst call about tariffs the potential. >> impact of them. >> first w

you know tony flores, 43 years i don't know how you do it but iot tell you, it's just when i see allave the enthusiasm of a brand new officer and that is just truly amazing. and i can probably say that for all four of you but i will end th know, oftentimes you know, you hear the story about the ntomes to poling and it's always when it when it bleeds it leads and we see usually the worst stories we don't g to tell the best stories. and oftentimehee blood and guts on, you know, the news or on these tv shows about policing, they don't really capture the essence of what this job is all about and thessence is good people with good hearts that are here to serve the people. and that's what you all do each and every day. and i know this is going to be a little bit different because we're going to show some video today. so for the families you actually get to see what your loved ones do and i think you're going to be as proud as we all are. so with that we'll get to the show. and again, thank you for your work. you are what makes this police department great. thank you. i would now likeo call

iot direction is -- that my opinion is we go in the direction of special condition permit and leave it up to the direction of the dbi. we with give alternatives. exactly. provide those and i don't think it is mess to get in the specifics tonight as we leave it. i think the board has to make a decision. and not defer to dbi, otherwise you are kicking it become to them and can't remanual. options are we could the board could grant the appeal and the permit would be rep sindzd and start over. or if the permit needs to be resunrised and there a press we need to know from the holder what direction they want to take. it would be a continuance where the permit holder could resubmit a permit with conditions. and then the board could do it in that manner. i think >> i think we with modify it and give alternatives say. grant the appeal issue the permit on the continue it be reviseed require that the permit holder get the roof code compliant through making fire rated or cutting it back. >> that's where i was going. julie is that and you just of course, gave me the great words as you always do. ho

the second focus is auto and iot, where peers like on semi, texas instruments, nxp, i reported weaknessent ai. ai models like deep seq suggest sophisticated ai can actually run on less powerful chips, which could potentially accelerate edge computing adoption, which is really where qualcomm excels. that's the edges, the laptop or our phones. lastly, arm earnings. they make money by licensing chip designs to companies like qualcomm, for example, and over 50% of the revenue stems from smartphones. and the royalty rates are actually moving higher, which means more revenue. and the data center segment seems ripe for growth as its customer base for its ip licenses expense. they're able to benefit from that. i push and why the stock is running up over 2.5% into earnings today david. >> yeah interesting to see that. and it's a market cap at this point is actually exceeding that of amd's i think neck and neck. christina thank you. >> thanks. >> speaking of arm, the ceo will join us tomorrow morning. that will be in the 10 a.m. hour of squawk on the street. >> meantime, after the break, the ceo

and iot. and automotive. also upside. >> the reaction then is the stock's done well obviously. as a point to enter. >> we're sector. >> wait rated. >> on it. so we're not recommending you know long term investors buy qualcomm. but we did feel that the near-term setup with china subsidies them getting 100% share at samsung on the galaxy s 25 was going to be a catalyst for better than expected near-term earnings. >> the time dilation, how quickly things happen in quantum leaps. and i haven't even becky i. the whole new method of ai that costs a 10th as much. have you have you been on it andrew. have you tried it? is it as good as all the others? yeah. >> yeah. >> and it's a 10th. >> it's pretty extraordinary. >> what does it mean? and? and you can weigh in. >> it depends on if you think they stole any of it off of the existing sources that are out there. if you believe that they really had as few. >> there was a reason. there was a reason that nvidia was like, oh my god, 17%. >> this is the piece. we just don't know. we just don't know. >> john, do you know? >> yeah, i would say,

and so there are elements of it including the core rubric continuous improvement star assessments, iot connections and we also that's our time and we're going into multi supports and side by side learning coaching as well. >> thank you mr. steel if you can put just like a 30 minute timer for us and if we need to extend we will colleagues i'm my suggestion here is if we can go down similar to a model that we've done in the past we can go down and just state our questions. staff if you and i can both work to try to group those questions and then we'll have you all go through an answering the ones that you feel are most appropriate. and then commissioners, if there's other questions that are have been unanswered from you all, then we can come back and do individual questions afterwards. that's okay. cool. awesome. >> um, why don't we start with our student delegates and then we'll go down this way? okay. thank you. um, really thankful to have you guys here and i really respect your time and bring this all together for us. um, i'm really thankful for that. um, we had you had gone over how

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