i'm jon fortt with sarah eisen on the floor of the new york stock exchange >> got to begin this morningith the markets stocks again selling off all three major indices deep in the red. technology again the worst performer, the nasdaq composite now tracking for a loss of more than 4 per% for the leaf bob pisani has more. >> important thing the usual suspects industrials and tech weakest that we have seen. terrible materials also on the weak side. we're at the low of the day, but with we have bounced twice already from this level. we'll see if we can hold it four or so on the dow m again, there are three outcomes trade, three outcomes, number within is we get a trade deal, number two, we don't, but we don't get a tariff increase and negotiations continue. this is sort of what the street is hopeful for then the third, the worst outcome for the markets. a lot has been made about the fact that the chinese markets are underperforming and are down notely bly and while that's true, that shouldn't give everybody a lot of comfort remember, the shanghai is up, was up 30% the best global performer

jon fortt has the one key thing to watch from qualcomm diedre has square. jon?e thing to watch from qualcomm isn't even about this quarter. it's the guide for next quarter when the first revenues from this apple settlement will start rolling in this quarter they expect eps and revenues to come in at the midpoint of the range qualcomm gave 71 cents on $4.8 billion in revenue. that said, the stock has rocketed just over 50% since the settlement was announced two weeks ago. some investors might be hunting for a reason to take profits so watch that qtc line with the company. guys >> jon, thanks diedre bosa, what to watch in square's report? >> square is still among the hot payment stocks up 30% year to date it had a rough few months at the end of 2018. investors will be dissecting the amount of payments processed on its platform they want to see if the pace of growth can continue and if square is still getting larger sellers onto its platform. subscription and services has been driving growth. can that continue? and as usual, guidance will be critical the street is

jon fortt on the people sneaking out to smooth the way for everybody else. >> sick and tired of the beat up streets in the neighborhood, two guys are taking matters into their own hands and they call themselves pothole vigilantes. they don't want their names used and they don't want their faces on tv. at night under the cover of darkness they fix potholes. we are your where are you getting your asphalt? >> is called easy street asphalt and this what the city uses. >> there starting out on their own but here's how it works because pothole vigilantes has a gofundme page. you post a photo to them of their pothole and when your whole receives $50, they fill it. neighbors are fed up with bad streets. >> they are very deep. they look like a half foot deep so they are dangerous burkert >> judy matlock has been living here for 20 years and she has seen it all. >> you can't walk across the street in heels. >> not only that but cars also dangerous for bicycles. >> i'm afraid to hit the whole and that i'm gonna land on my head. >> i'm glad you are wearing a helmet. >> i reached out to the oakland d

send it over to jon fortt, get a look at what's coming up on "squawk alley. jon?ssioner and former facebook adviser and hieh breakup and the legal issues behind it might surprise you that's coming up on "squawk alley. let's build a better world for investing. let's always put investors' needs above our own. as investment management professionals, let's measure up. cfa institute. onmillionth order.r. ♪ there goes our first big order. ♪ 44, 45, 46... how many of these did they order? ooh, that's hot. ♪ you know, we could sell these. nah. ♪ we don't bake. ♪ opportunity. what we deliver by delivering. let's stop talking and actually be more diverse. as investment management professionals, let's measure up. cfa institute. >>> welcome back to "squawk on the street." i'm seema moody. stocks hovering near their best levels of the morning, still seeing some relative weakness in financials and industrials the second best performing group so far this year behind tech stocks also want to draw your attention to individual video game makers, activision blizzard all up about 2%

let's bring jon fortt in as well, he's been covering this closely for us, been going on for some timeon in terms of apple this case where many believes judging from what was said in the court that it might go against qualcomm. >> yeah. but this is as close to a total victory as you get for the ftc which is in itself remarkable in a case like this there is a guy whose blog i've been following for a long time, florian mueller and he kind of thought it was going to go this way, even he seems surprised at the degree to which it did as you said, the question now is so what? what does this mean given that qualcomm has settled with so many of the oems who it was battling with over this, except for huawei this puts huawei in an interesting position of course, it is not like qualcomm can -- >> we were talking about this earlier. huawei, of course, they are -- they were trying to negotiate a new deal this would seem to obviously be very beneficial to huawei's negotiating position but we all know that qualcomm may be prevented from selling chips from them 89 days from now or whenever that -- the

jon fortt, nadine turner and scott from wolf research, steve liesman with details on the fed minutes, and let's dive into qualcomm first with jon. >> you can see qualcomm off more than 10% today as we head to the close. on this news that the ftc at a near total victory with judge lucy ko with the judge finding qualcomm did indeed abuse monopoly power over the smartphone market in a way that it uses its licensing business and its chip business together now qualcomm says that it will appeal it takes issue with the judge's findings on a number of points argues there are some findings of fact. they think that the judge got wrong. but, really, what this does is throw qualcomm stock back into a state of uncertainty remember it was just five weeks ago that qualcomm and apple announced they resolved, they had really made up in their longstanding dispute over exactly these issues a settlement that would see apple pay qualcomm more than $4 billion and also take a direct licensing relationship with qualcomm now subject to appeal, this throws qualcomm's business model of both making chips and cha

bertha coombs and bob pisani jon fortt standing by.ausche with the latest on the auto tariff delay and leslie picker awaiting first quarter filings. we lost a bit of steam coming into the close but big jump from where we opened. and that was the main factor >> opened below yesterday's low and managed to trade above yesterday's low for a little while. i don't know if we want to draw too many conclusions except back to about april 1st levels. still dialing back all of april's up side and trying to figure out if that was enough of a pullback given the trade frictions and economic data we saw today. i don't know that we were trading on that european trade news today i don't think it has anything to do with why google was up 4% or -- >> two things happened which stood out to me. i was sitting here at 10:00 a.m. when the market tone changed we were down sharply and what happened we got word they'll postpone the auto tariffs and got word they're talking about trade talks with beijing the market has been viewing tariffs as not growth friendly

thank you for your thoughts and we'd like to bring you because as more tariff information develops jon fortto you >> thanks, rick. and when we come back, it is the second biggest ipo of the year avontor stju started trading the ceo joins us with "squawk alley" returns introducing... smartdogs. the first dogs trained to train humans. stopping drivers from: liking. selfie-ing. and whatever this is. available to the public... never. smartdogs are not the answer. but geico has a simple tip. turn on "do not disturb while driving" mode. brought to you by geico. the wifi that set just raised the bar again. introducing xfinity xfi advantage. it comes with everything you love about xfi. the best speed, coverage and control. but it doesn't stop there, you also get enhanced network security, safer browsing, and more. plus it helps to optimize your network's performance. giving you the best coverage from attic to basement. so you can focus on streaming your favorites. not finding a signal. make the best wifi even better,with xfi advantage. simple, easy, awesome. >>> welcome back to "squawk alley. it has

jon fortt back at headquarters >> you love cisco? >> the combination of the earnings growth and the multiple makes the most sense and think about the themes that you're hearing and it's about security and software and especially security cisco to me is the company and the solution for so much of the enterprise world it's important for the market right now that these guys are also talking about enterprise and talking about the world that's not falling apart for them because it's a big tell >> core, security and all of those things are important and they actually delivered and the continued growth and the fact that they've been able to distance themselves from the fears about china right now. i think that's huge. chuck robbins is doing a great job of deflecting that microsoft's still my favorite. i still think there are different ways and verticals that they'll grow faster than the cisco. when you look at the margins every quarter after quarter you look at the margins and it's impressive and you're doing something right and that's what

what about you jon fortt back to you. >> last thing i want to see is a combover rick santelli thank younk you. >> when we return, more from becky quick's interview with tim cook >>> later stocks making a comeback we will tell you which names to watch next "squawk alley" is back after a quick break. call the insurance company it's them, calling us. it's going to be a week before they can get through on these roads shhh, sorry, i didn't catch that. i said ask how soon they can be here not you. right now? what's now? he says they're surveying our property now they're probably at the wrong house i don't see any hovering his name is hovering? look up? by using machine learning and analytics to automate claims, cognizant is helping insurance companies advance how they serve even the hardest-to-reach customers. cool ♪ >>> a couple numbers in bear in mind session low on the dow was down 471. we've cut that essentially in half vix was 19 in the early hours of the morning. now below 16 "squawk alley" is back in less than three minutes interesting clock. oh, there weren't enough hours in the day t

i'm carl quintanilla, morgan brennan, jon fortt, both back at post nine. >> yeah. >> good to be backbegin with the story of the morning, apple reclaiming the top spot as the most valuable company by market value. shares up 6% after reporting better than expected earnings. josh lipton sat down with ceo tim cook for his take. josh >> so, jon, tim cook is excited about the trends he's seeing in china. that's what apple's ceo is telling me yes, greater china revenue did drop more than 20% in the quarter, but trends are improving, cook says march was better than the average for the quarter, he said the adjusted price as we got into the quarter, we adjusted it to sort of take back the weakness in the currency and then some. we rolled out our trade-in program that had gotten some success in the united states and the trade relationship, he said, i don't mean a tariff, i just mean the tone, is much better today than it was in the november, december time frame. i think that affects consumer confidence in a very positive way. i also asked cook about those new services he just announced, so news

let me bring in cnbc's jon fortt and ed lee, cnbc contributor, to talk more about this welcome. ed, first to you, we just had this huge settlement with qualcomm and apple where if apple effectively blinked, would they have done that now if they knew this ruling would come down >> also you have to wonder if that agreement can be reopened in light of the ruling now cal come is challenging the ruling so there's a whole lot more steps to go through of where this might land for apple. if the apple ruling does hold, that could benefit foreign makers like huawei or samsung, since they can stand to benefit from cheaper license fees on these things. >> i saw great reporting with david fasher in the show earlier that spoke to about this directly and said look, it doesn't sound like the hearing is go that well against you guys are you worried about that he said no, we're not worried. we think it's going just fine. so they obviously misread the situation, right >> yes, it seems they did. but any time there's a lawsuit someone is actively involved, i never heard a company say it doesn't seem

i'm carl quintanilla with morgan brennan and jon fortt at post nine we got an upside reversal, stocksn around in today's session. mike santoli here to break down the move that got started a few minutes ago when we got word out of kayla tausche's reporting as well that it looks like we're going to delay any decision on auto tariffs for europe. happy with -- >> i think for as long as a little bit of a twitch, yes, it makes sense. what i like to look at is what works when you get one of these moves. we, obviously, are just reclaiming that last hour of losses yesterday, not even coming close to doing that just yet, but it's big tech again it's not -- it wasn't the car stocks driving us higher at this point. it was basically we like when we're in the buying mood, when we think the market has had enough pain for the short term it tends to be the large growth stocks that's offsetting weakness in the banks today. that to me is a little bit of a tell of where maybe the leadership still has to be >> so auto tariffs were worth 150 points in the dow, but i'm still trying to figure out what is thi

i'm carl quintanilla with morgan brennan and jon fortt at post nine dow down 93 points on a busy day, trade or the story right here, qualcomm. >> yeah. we're going to begin with that on pace for its worst day since january 2017 shares falling you can see down almost 11% on the news that federal judge lucy koh ruled the company unlawfully hindered competition in the mobile chip market using its dominant position to charge excessive licensing fees the chipmaker responding it will seek a stay and appeal joining us pat morehead of moore insights and strategy. good morning i know that you thought that qualcomm made a strong argument in this case, called it a clown show, i believe. the judge felt differently and specifically on a couple of points that you brought up in your criticism of the ftc's position, she said that documents showed that they did kind of push a no license, no chips strategy, that their -- that they weren't credible in how they presented on the stand. of course intel has dropped out now of the 5g chip market. does that change things for you and how you view this case >>

i'm carl quintanilla a long with morgan brennan and jon fortt we will start with buffet and tech as berkshireup shares of amazon. becky joins us from omaha. joins us with her conversation with buffett ahead of a weekend where there is a ton of subjects where they could make news. >> yes that's the thing about this weekend. berkshire is involved in so many different businesses, so many industries, and owns so many different equities that anything, basically, could come up and it could be a topic of conversation here and it can definitely make news sometimes when we catch up with warren buffett he will tell us what he is buying, what he is not buying what is interesting this time around when we talked to him is what he told us berkshire is buying but he made it clear he is not the person behind the scenes pulling the strigs on that listen in. >> i will tell you one thing you will see in the 13-f which comes out in a couple of weeks which may cause you to ask me that question in the next two weeks which is really not significant from my standpoint one of the fellows in the office that manage mon

. >> raj, hey, it's jon fortt, so back to the seven-day ground delivery move, the labor market's tight o'to find all the people to do that? >> you know, this is -- we have a fantastic grounds delivery network. you know, we have a very, very strong business model with independent service providers for fedex ground, and we also investing in automation. so you combine those together, we have been very successful in this regard, and you know, we will -- we make calibrated changes here, and we're not worried on that count. >> raj, i also just have to get your thoughts on what was something of a peculiar story that emerged over the weekend, that is huawei reported its packages attempted to be diverted i know fedex saying it regrets this isolated number of huawei packages being inadvertently misrouted, how does that actually happen in terms of packages moving between two asian countries coming to a totally different continent. >> we deliver more than 15 million pack annaages per day, s you said an isolated amount of packages were misrouted to the united states. those packages are in the proce

here to break it down can liz hoffton and our own jon fortt and liz, fascinating piece it sounds like a money grab. not only considering this ipo the vision fund but also, fund raising or wanting to fund raise for a second vision fund how big could this become? >> softbank raised almost $100 billion two years and said, that's too much money. they'll never be able to spend it they spent it and now looking for more he has a ravenous appetite to do deals and throwing money all around the world at a breakneck speed and out at this point. looking for options. ipo, retail is one of them >> you use the term throwing money around and write in your piece he was in china, had several deals and basically committed several billions of dollars that softbank doesn't currently have because it spent the money for the vision fund. what's your sense as to the discipline in which they apply all this money it is a lot of money is there that much opportunity out there? >> look, discipline has always been the question about softbank, anyone spending at that kind of pace. he gave 20 minutes after meeting hi

. ♪ ♪ >>> good wednesday morning i'm carl quintanilla, with morgan brennan and jon fortt busy morningviously. we're getting a pop here in the market dow up 75 points as reuters is running a headline that white house spokeswoman sarah sanders says the u.s. has received an indication china wants to make a trade deal that's all we have at this point. joining us jonathan, chief u.s. equity strategist at credit suisse could to see you both. this what is we have been reduced to the tidbits on the wire services. how are we supposed to trade in this environment. >> first of all it's impossible for any of us us here to figure out whether we will get this i think the important thing is, you know, first of all we're going to get a deal eventually we want to get the best -- >> how do you know >> listen, there's no way that -- that we're going to break down trade between us and china. what we want to get is a deal that's going to be most useful to the united states we want to see things on intellectual property, not to simply get something like soybean orders which makes it look like window dressi

guys, back over to you >> julia, great work julia boorstin with sheryl sandberg back at the desk, jon forttlf, dissecting what we heard. i lost track the number of times the right thing. >> facebook has contained the risk i think we can say that at this point. they have been under a withering amount of pressure it is not clear to me -- they haven't answered the question whether their business model or product model needs to fundamentally change in order to fix some of the issues that they have had but, look, their stock is up 42% year to date compared to 27% for microsoft, 26 for amazon, 13 for google they have rebounded in a significant way because i think investors have recognized that the kind recognized these kind of moral and ethical issues are not financial issues and they're not immediate issues as far as affecting the bottom line >> you know what got my attention? when she was talking about her meetings in d.c. and this idea the people are concerned with the size and power of u.s. tech companies, but perhaps more concerned with the size and power of chinese tech companies. this soun

fort is actually -- i know, like john like jon fortt. >> jon fortt okay it's now the fort of republicanson't know how this is going to turn out, but i will say this -- how do you get leverage >> he's being sarcastic, rick. he's trying to nudge you. >> right how do you get education how do you get health care you tax people hold on, let's bring in -- >> can we bring it back to markets and economics. >> please, do it. >> otherwise, the fireworks are very interesting, but we have to talk about economics and at the end of the day, this is not a good move but at the same time, i think it is worthwhile remembering, the economy has enough momentum to kind of live through it. so, we will shave off -- we are clearly increasing the risks, you know, i think, and the risks are really on the capital investment front far more than consumption. >> and that is the big question. >> yes. >> we've already seen -- >> becky's been on that all morning. >> i think that is really the key. we are not just jeopardizing the growth today we are jeopardizing future growth, and that is playing with fire so, i think t

thank you david faber, back to you >> okay, thank you, rick santelli and now i will send it over to jon forttvid. well the united states has been on a super computing run, competing with china r for the fastest computer in the world. there's a new entry and we've got lisa sue with that latest on that and the competition that's coming up "squawk alley. under care by focusing our mind on whatever's on yours. >>> stocks are trading near their worst levels of the day so r far with the s&p tracking for its worst day since late march industrials and technology leading the way to the downside as you can see here, but let's look at the underperforming group, material stocks overall among the laggers, dow, dupont, new core, companies sensitive to growth relying on china but the worst performers, mosaic shares, the wall street giant beat on sales b, but lowered guidance for the rest of the year putting it on pace r for its worst day since november 2015. back to you at the stock exchange >> thank you dom. >>> we're watching these markets and i'm assuming given we're near the lows, let's call it 1.4% on

competitive, but a lot of fun >> david, thank you for joining us >> thank you >>> let's send it over to jon fortt at what is coming up on "squawk alley." >> if we're ever going to get real drone deliveries, somebody has to figure out air traffic roll for drones. the government is working on that and we'll take you to the location where in nevada, coming up, onsqwkll." "ua aey (indistinguishable muttering) that was awful. why are you so good at this? had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade. >>> welcome back stocks extending the rebound currently trading at the best levels of the day so far we are seeing relative strength in the materials and technology stocks, so more cyclical names but let's drill down on the health care sector among the really trade negotiations be

boris jordan, thank you very much, for joining us executive chairman of curaleaf >>> time to go to jon fortt "squawk alley". >> akami higher, i want to talk about the security businesses rolling out. a lot of it has to do with over the top and streaming. with disney and apple, hulu, all set to launch more services, more streaming, is this a way to play it? we have the ceo coming up on "squawk alley. who says our bank isn't tech enough? everyone, look at your phones. the design thinking, the digital engineering, security, blockchain, and we will be first to market! yes. when we do we launch? unfortunately, in 2 or 3, hours. why the delay? cognizant is helping banks use digital technologies at scale to advance speed to market. we segetting to patientscines in record time. at emerson, when issues become inspiration, creating a better world isn't just a result, it's a responsibility. emerson. consider it solved. . >>> welcome back to "squawk on the street." i'm dominic chu. stocks are trading modestly higher trying to find some momentum after the s&p hit the intraday record in early trading. tec

. ♪ ♪ >>> good wednesday morning i'm carl quintanilla, with morgan brennan and jon fortt busy morning 75 points as reuters is running a headline that white house spokeswoman sarah sanders says the u.s. has received an indication china wants to make a trade deal that's all we have at this point. joining us jonathan, chief u.s. equity strategist at credi

. >> and same to you, rick now i'll send it over to jon fortt with a look at what's up next on "squawk>> good morning, sarah it's memorial day weekend coming up, a lot of people thinking about the weather. we've got the ceo of ibm's weather company on new ways people are trying to make money off predicting the weather ats mi uonsqwkth icongp "ua alley. [knocking] ♪ ♪ memories. what we deliver by delivering. >>> welcome back to "squawk on the street." trade and tariffs causing quite a serious stir in the trucking industry impacting kbacompanies revenue, stocks and pay for its drivers. our friend collin joins us froms aton, pennsylvania, with more on that story >> good morning, sarah, the trucking industry delivers about 70% of the things we all buy in stores with surges of imports and declines in exports it's not surprising this industry bowoule impacted three of the biggest trucking companies have sign their shares fall by 24% or more since the tariffs were put into place. in their last earnings, jb hunt executives, they said that their lower revenues were due in large part to lower vo

. >> now to jon fortt. >> the lyft ipo a shadow on uber now is it casting a chateshadowh work or is itsing a ton of money wooechl dig in coming up on "squawk alley. see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade >>> welcome back i'm like to welcome my guest, michael. thank you for join iing me i'm going to march right into it economics is difficult sometimes. you can't zero in on answers science is easy. electronics is easy. turn a dimmer switch down. lights get less bright weren't tariffs supposed to be like that? yet the econo

i'm carl quintanilla a long with morgan brennan and jon fortt we will start with buffe

all right, now over to jon fortt.hat's coming up on "squawk alley." >> morning, david. as we've been talking about, the markets overall down, the nasdaq down 3%. apple is down more than that part of that is china trade. part of it this supreme court decision about letting a lawsuit go forward we'll tell you what it means coming up. what's a target date fund? 529 plan? a 10-k? what's an etf? an ipo? 401(k)? where do i start? empower yourself with the free tools and resources on investor.gov. before you invest, investor.gov. >>> welcome back to "squawk on the street." s&p 500 heading for its worst day of trading since january 3rd. but let's drill down on the financials now down more than 7% from their highs in late september as treasury yields slipped further. big banks pushing lower. citigroup, morgan stanley, bank of america are are down by more than 3ers. ba%. back to you guys >> "squawk alley" is up next we are obviously all over the sell off close to session lows here dow's down 572 don't go anywhere. you should be

. >> thank you we'll have much more when we come back, but first, over to jon fortt for a look at what'swe're going to have twilio's ceo and we'll be talking about that company's long time close relationship with uber, which is set to price tonight, go public tomorrow in this crazy market and a bunch of other in incdithgslung the growth of the company we just reported earnings. "squawk alley" is coming up. >>> welcome back stocks are trading near their worst levels of the morning so far with the s&p 500 now pace for its worst day since late december all s&p sectors traying firmly in negative territory. i want to call your attention to 28.59 on the s&p why? because of the 50-day moving average. technical level some traders are watching we are now below that. we are sew iing weakness in-taek and materials and industrials as the trade concerns start to mount, but one of the other notable groups underperforming not only today, but this year. the health care sector that group in danger of going negative for the year. names like alexian, biogen back downtown, david, to you guys at the stock ex

>> i got to get my gear ready to go >> hopefully you won't have to use it let's send it over to jon forttxt. >> good morning. big news for from fedex. seven day ground delivery starting next year they always do it during the holiday season they'll continue it into next year we have got the president and chief operating officer coming up on "squawk alley. >>> welcome back to "squawk on the street." let's get over to rick santelli back at hq for the santelli exchange. >> i'd like to welcome my special guest david wessel i'm going to get right into it pretty much every story i read that talks about dropping treasury rates, of course, links that to the relationship to a slowing domestic and global economy, and i'm sure there's a lot of truth to that, but my question to you is specific, right now we're at minus 16 on boons. what's going to happen our long end if boons go to minus 26 or minus 30 what happens to the long end rates in the u.s.? >> you know, rick, it's good to see you. i can't get used to the fact i don't hear all those traders shouting in the background it's so quiet. i can actua

. >> now going to send it over to jon fortt. on ""squawk alley"". >> rare earth elements, an essential part of many different factors. they could end up becoming a key part of this trade war between u.s. and cnahi we have the ceo of american elements coming on to talk about exactly that on "squawk alley. >>> we are just off session lows, still more than 1% declines for all three of the major averages the dow's down 289 points. hard to find some bright spots it's a broad selloff home depot barely positive all other 29 dow stocks are lower, ibm is the biggest percentage decliner. as far as the s&p 500, it's the safe haven, defensive areas that are working like utilities and real estate, energy, industrials, technology getting hit the hardest. david, you were watching apple, which is down again today. it's been one of the sort of key proxies in the trade war, right? >> i'm certainly concerned about what if anything will happen in terms of a company that obviously derives an important part of its profitability from selling iphones i

jon fortt is covering huawei, kayla tausche has the latest from washington and phil camparelli of jpmorgan will be with us for the full hour today. we'll get his take but jon, let's start with you. >> yeah. huawei reported sales of $104 billion in 2018, wilf, making it about twice the size of cisco. and that's a big customer for u.s. suppliers to lose vijay rakash at mizuho says that because huawei has 20% to 30% share in global mekt networking and 5g infrastructures and the number two handset maker by volume the impact is broad so look at qualcomm, intel, broadcom, western digital and micron, all among huawei's biggest suppliers and among tech's notable losers in today's session. you can see there qualcomm, broadcom, western digital all down more than 5%. huawei getting squeezed on the software and service side as well here with google saying it will no longer directly supply huawei phones with the latest android software that's likely to have the biggest impact on huawei's smartphone business in europe where it had been gaining share rapidly, guys. >> jon, to that point, though, google a

jon fortt with the story today >> a couple ways we're seeing the impact of trade wars on tech, one is with actual china exposure the poster child for that is apple. am saw a pop when tim cook said an easing in trade tensions had helped sales at the end of apple's quarter. apple's shed more than 10% since that post-earnings surge semiconductor and widget stocks, drives, connectors, things like that, nvidia, seagate, marvel, pure storage, all down 5% or more on china supply chain exposure concerns. then you've got tech stocks that have little to know actual china exposure but maybe just seen as risky. uber sold its china business, it was down 10% zoom the video conferencing company that recently ipoed, sells subscriptions, not hardware, down almost 9% and pinterest which julia also mentioned down 8 but back to apple quickly the company out with a statement about the supreme court decision allowing customers to sue apple over app store price that statement from apple saying in part, "today's decision means plaintiffs can proceed with their case in district court we're confident we will p