ceo of motorola solutions.atulations on the beat this morning and the new investment with silver lake. the corporate bond market showing signs of weakness. leave tell usa about the state of the u.s. economy? lisa abramowicz will join us next to explain. ♪ olivia: welcome back to the bloomberg "markets day." 1 hour into the trading session. time to get you caught up around the world. let's start in london. rebound, seeing a stocks gaining for a six day out of seven. the stoxx 600 leading the gains. basic materials and oil and gas companies. miners doing particularly well. see what is happening with national equity benchmarks, for the most part they are gaining. ftse in italy the best performer out of western european markets. one outlier is the athens stock exchange, dropping for its third day of trading since the five-week hiatus. banks are leaving the losses. pireas thanked down almost 30%. a gauge of great banks has dropped to a record. that's how the equity markets are doing. rallying pound, against the doll

the ceo ofat was motorola greg brown.g up, the secret history of new york's most famous residence, the dakota. ♪ scarlet: you know the saying "fake it till you make it." one company is giving customers the opportunity to do just that. like a carspiciously by land rover. the one on the left is a real one. the one on my right, china's version, $20,000. joins me now. suspiciously similar. alix: there are a lot of orders. 50,000 people put down deposits for the land wind 7. less than halfs of what the real car is. overall, it is interesting when you take a look at if this is my to move the needle. we saw car sales in china fall in june. we have been hearing from all carmakerss -- all that cheaper models may be a good thing. rover hasaguar land cut its price targets in china because deliveries felt any 7% in the first six month of the year. so everyone is feeling it. you wonder if everyone is going to generate interest for it. the middle class that china has been relying on to buy these cars have art about their cars and now t

, but motorola has disappointing sales, dragging overall office -- profits down. a new preboarding procedure for passengers flying with uzbekistan airways. they will weigh passengers and luggage in the departure lounge to determine just how much weight they will add to the plane. they insisted the safety figures will not be made public. most commercial airlines alculate -- airlines use standard formula to calculate how much a plane will weigh. pay-as-you-weigh structure was instituted at similar airlines -- at samoa airlines and is still in place. annette: that is kate moody with the day's business news. let's turn now to the press review. at what isake a look making headlines in the weekly news magazines. i'm joined by flo villeminot. magazine. this is takes a look at what is happening -- it takes a look at what is happening behind closed doors in the palace. nce: summer is in full swing in france. a lot of magazines are catering to beachgoers. takes a look at leaders what -- a look at what leaders are doing behind closed doors, from guinea to ivory coast. there

samsung needs to care more about putting htc and motorola to pasture and staving off people like lenovond xiaomi as opposed to taking on apple. emily: i want to talk about samsung pay because it is different from apple pay. jim, i am so glad you are here. visa has partnered with samsung on this. how is visa pay different from apple pay? it's available in a lot more places. jim: the user interface is similar to what you with the on an apple pay device. but the major difference is they bought a company several weeks ago and incorporated the new that isgy in this phone unique to samsung. it will allow this phone to be used at virtually any terminal in the u.s. via the mag-stripe reader. emily: what's interesting is samsung is not charging transaction fees for banks, though apple does. is this something that could lead to a renegotiation of visa's deal with apple? jim: i put it a little differently, we introduced a program that effectively says if someone wants to connect to visa banks, that there are no fees from visa or the third-party. we're taking a long view with internet of things on

we're also a customer of motorola.challenges you always face is this transition of technology, perhaps flow to the 4g applications. talk about some of the challenges you face in how you transition from one tuechnology to another. >> that's a great question, tom. good to see you this morning. think think of our existing systems as the platforms that are installed. as we take on next-generation information and video, you need a fatter pipe and software content to complement and extend the platforms you stalk about, which is the critical infrastructure that we provide. we have an exclusive relationship with ericsson, so if you think about this, this is an extension of growth on top of the core business that we have. so we think we're well positioned. we've spent over 300 million of r&d over the last four, five years to develop, tom, exactly what you're describing. i think this is a good inflection point for the company and we're well positioned. >> liesman, deploying a weapon from a sensor-laden belt by a police officer c

and motorola. thattory behind that was forstmann little, who was the leveraged private equity firm of the day, back in the late 1980's, to the leveraged buyout of general instruments. at the time, it didn't seem to make any sense that lbo companies with biotechnology typically, they like to buy companies with very reliable cash flows, and with a tech company you can get blindsided into oblivion by a breakthrough. but they bought us, and they then wanted to bring in their own ceo. when iher interesting -- interviewed mr. rumsfeld for my book, i wanted to do some fact checking with him. it wasssumed that republican party politics that had to do with why he suddenly became the g.i. of general instruments, and he corrected me in his way and said, no, it was the opposite. force and little head of -- forstmann little had a very powerful advisory board, and on bob strauss had been the chairman of the democratic party, and they were quite friendly, and it was him who recommended they bring in donald rumsfe

. >>> meantime, motorola solutions received a $1 billion investment from silver lake partners. motorola hopes it will help it accelerate the shift to selling to a broader emergency communication system. they spun off the mobile phone business back in 2009. motorola is expected to announce the deal when it reports earnings before the opening bell. >> the central bank decides whether to raise interest rates next month. that coming up at 7:30 a.m. eastern on squawk box. don't go away. >>> a loose connection at disney. shares tumble as the cable business sheds customers. this despite a blockbuster performance with hits like avengers. >> standard chartered slashes it's dividend in half. investors remain cool and collected as they promise to simplify the business. >> there's no stopping the dollar. the green back scaling to heights not seen in three months after the fed president says the central bank is on course for lift off in september. >> going public again, neiman-marcus files for ipo as the 100-year-old retailer seeks to cash in on the thriving north american luxury market. >>

motorola solutions. must watch. say with us. ♪ tom: good morning everyone. morning is dollar strength. bloomberg lp founder michael bloomberg writing today, the president didn't kill coal, the market did. reducing emissions coal consumption is met to healthier country with more jobs. his or anyone who thinks that's a bad deal? he was on to say even those americans were skeptical of climate change opposite for the epa's new plan. it will save lives and create jobs in red and blue states alike. the fact is we are a cleaner nation. brendan: what i find interesting is that you chosen the seven hour for us to comment on the opinion of my loss's loss's's's boss -- boss's boss's boss. he also points out that attitudes are changing. that is changing the price of coal. that i find harder to buy in the simple case that she fracking has changed it. olivia: he also writes that king: stein because of natural charges. he says the price of wind power is lower than that of coal in most parts the country. brendan: that makes sense but i think moving forward we create histori

motorola is also cutting. now, the rise of alternative lending startups. is a marketplace of picard alternatives for online shoppers. and new startups using data science to cut credit risks. founded by a team of its paypal employees, bouts -- vouch ways risk of default. so, i find it incredible that someone could gauge my credit worthiness i looking at my facebook or twitter, what is on their? >> i will address -- i feel like i address this all the time. people think, you are going to look at my tweets, really? vouch is a creating a new network, one based on credit. in a lightweight way, you are connecting online, so you will be able to be able to get access to credit and a different way. emily: what is behind this explosion of alternative lending? >> we are still in recovery mode, legislation passed by congress really paved the landscape for how lending happens in the u.s., a lot of banks were pressed out of the sub lending sector -- subprime lending sector, and now we are in this vacuum where people are in dire need of credit, but unable to access it tra

samsung needs to care more about c and motorola to pasture and staving off people aomi.lenovo and xi emily: i want to talk about samsung pay because it is different from apple pay. how is it different? it's available in a lot more places. jim: the user interface is similar to what you with the on an apple pay device. the major difference is they bought a company several weeks ago and incorporated the new technology in the stone that is unique to samsung that allows it to be used at virtually any terminal in the u.s. the of the reader.he mag-stripe emily: what's interesting is they are not charging fees for banks, though apple does. is this something that could lead to a renegotiation of apple? eal with >> we introduced a program that effectively says if someone ,ants to connect to visa banks that there are no fees from visa or the third-party. were taking a long view with internet of things on the .orizon our view was we just got to make it really simple from a contractual perspective for both parties, the banks as well as the platforms that are providing these services. it is really

motorola also plans to get -- cut 200,000-- now, the rise of alternative lending startups. is the big peer-to-peer marketplace. there is a credit card alternative for online shoppers. startups to parse risk. ex-paypal a team of employees. the ceo joining me now. so, i find it incredible that someone could gauge my credit worthiness by looking at my facebook or twitter account. what is on there? >> i feel like have to address this question all the time. really, you're going to look at my tweets? that is not at all what vouch does. it creates an entirely new social network, one based on credit. the same way that you might connect with people online in a lightweight way to share photos, you make connect anymore heavy, trustworthy -- in a more heavy, trustworthy way to get credit. emily: what is behind the explosion in alternative ending startups? why is this happening? his recoveryll in mode from the great recession of 2008, dodd-frank passed in 2010 really changed the landscape for how lending happens in the u.s. a lot of banks were pressed out subprime lending sector, and no

they saw sales rise as it benefitted from the acquisition of motorola's scanner business. shares fell to 83.80. and fogo de chao -- i love saying that name -- posted an earnings beat since going public in june. there were restaurant sales growth and revenue and earnings fell from the year earlier. shares were volatile in initial after-hours trading. by the close, the stock was up more than 2% to $20. >> i'm glad you had to say that. >>> as social security turns 80, its reach has grown. now, last year, over 59 million americans received more than $850 billion in social security benefits. and some 300,000 minors and children were also receiving benefits from a little known portion of the program. hampton pearson tells us about it tonight. >> many years standing is in large part fulfilled. >> reporter: social security today has grown and expanded in ways that franklin roosevelt never could have imagined when he signed the legislation into law 80 years ago this week. in recent years, the financial crisis forced baby boomers nearing retirement age to look for new ways to maximi

that was another interesting phase of the roller coaster corporate history of gi, motorola and google and ares. and the story behind that was forceman little, who along with kkr was the leverage buyout or private equity firm of the day -- this was in the late '80s, really '90s -- did a leverage buyout of general instrument. at the time it didn't seem to make any sense that lbo or leveraged buyout companies would buy a technology company because typically they like to buy companies with very reliable cash flows, and with a tech company you can get blindsided into oblivion by a breakthrough. but they bought us. and they then wanted to bring in their own ceo, and it was very interesting. when i interviewed mr. rumsfeld for my book, i wanted to do some fact checking with him. and i had assumed that it was republican party politics that had to do with why he suddenly became the gi of general instrument, and he corrected me in his way and said, no, it was the opposite. what had happened was forceman little had a very powerful advisory board which included henry kissinger and george shultz a

a couple of examples down below from motorola of just what's out there.you will a state-of-the-art 911-type command center that can take calls from a robbery in progress, match up with surveillance cameras in the area and send snapshots responding to the crime scene all within a matter of minutes. the next generation cop on the beat, if you will, cannot only have a wearable camera, but special glasses, perhaps reminiscent of the terminator, that transfers images from the scene, return relevant info to that officer in the field and even sensor technology available that would monitor what happens when the officer actually draws his weapon. it's all recorded in realtime back at the command center. >> i think this technology provides a lot more information than ever before, but provides the capability if you turn that information into actionable intelligence. it enables the ability to have transparency. >> among the major players here, motorola, harris communications, general dynamics and digital alley. they make those body cameras if you will. you can't go a

the basic fact is we've seen with patent aggregation that google has done with motorola purchase, youave to have enough intellectual property and the other guy has his, and you say listen, we have to stop paying lawyers. deirdre: just agree to disagree is that what this becomes? >> almost. they're going to keep going back and forth until somebody goes enough is enough, and it's going to get to the minutia of the details. this icon has a sun on one side and our sun for the app is on the other side, it's ridiculous. deirdre: patent lawyers everywhere rejoicing at the fees they are take. speaking of rejoicing for all "star wars" fans. >> which is everyone. deirdre: which is everyone, i think so, too. you never know. of course, disney buying lucasfilms back in the day for 4 billion dollars in cash and everybody was like what? here are cool new villain unveiled. what do you guys think of this as a franchise and disney's investment in lucasfilms? >> three more episodes to be had, that's amazing, we're going to see 7, 8, 9, and they're going to be spectacular. the fact that j.j. abrams is he

and motorola solutions is gaining ground today. of public safety communication equipment announcing a $1 billion investmentrom private equity firm silver lake. motorola solutions posted better than expected earnings and unveiled a stock buyback of up to $2 billion. kelly? >>> apple on pace to snap the losing streak, up about 1% today and causing a chain reaction across the supplier network, which typically move in tandem with apple. that includes companies -- joining us now to talk about it. there's the question. is it? >> i think so. there's been a lot of negativity since apple reported its iphone units. and the downdraft to the suppliers actually worse. a lot of them down 25%. >> you think it's overdone? >> it does feel like it's overdone. this weakness is short-term. you know, you look at the fact that, you know, iphone -- the iphone install base, only a third is converted over iphone 6. that's supportive of the view, come the fall, a lot of suppliers will see a strong channel built. >> why is it that apple's gone through the re

we saw through lenovo's results, motorola, not working out well for them.as an ability to do payments within an android ecosystem. but in a special way. you got to imagine them continuing to take share within android. what kind of event. my gut says maybe not as much as you might think. though they're available more places, apple has strong market share in the u.s. ios users, tend to be loyal, it's not clear that people are going to switch from apple to samsung, to be able to use their phone to pay in more places, incrementally this is better for samsung. apple and samsung has been a two-horse race, it looks like this is going to keep it that way for a while. we'll see. >> and of course, we're just a few weeks away from what we expect will be a little more clarity. >> we expect to see a new iphone, we're assuming it's going to be the 6s and 6s-plus. only about 30%, a little less than 30% of the apple iphone in stall basis is on a 6 or 6plus, they want to get the rest of those people to buy a 6 or 6 plus, which we should see the price go down or even better,

investors started saying well maybe it is consumer electronics, maybe there is a risk of a nokia, a motorola in the earl will i days. and i'm going to tick it down a whole bunch. and then it really started to break down. i like this company, i think the ecosystem is intact. but when i saw the music product and i tried it on a family of my kids, who are hard-core users of pandora and spotify and they naturally assumed apple would be better, they dumped it after two weeks. that did not make me feel good. if i'm going to write a letter to cook, it's going to be about hire somebody who can do a better job when you put your brand on a service like that they screwed that up and that hurt that stock. >> we're going to look forward to the day you tell him how you really feel. but when you think about the upgrade today, the floor that was put under the stock yesterday by the comments from tim cook. wells fargo says we're upgrading apple because we have more visibility into this company than we do other companies in this space. is there, is there this idea that if you're a company and you are subject

it is going to be making the lenovo brand and also motorola, part of the broader lenovo group.start-ups in the world. it is already manufacturing there in south india. o is one-plus. the prime minister of india made an india push. people want to get into what is now the third biggest smart phone market. t is much more economical. that's why the mobile phone makers are going if there. you have the number three market in the world accounting, growing by 44% a year. lenovo itself accounts for 60% of all smart phone sales. india really seen as a big growth market and i suppose just shows at least in this respect the policy of raising tariffs. francine: i find this crazy. i guess i grew up believing that china was the cheapest place where you could manufacture things. the biggest chinese company moving to manufacture in india. are we going to see a lot of companies, not only the ones related to tech come into india from china? >> that is what the prime minute ster wants. it is clearly not going to work for every company. tragse tariff for imports won't work. in terms of population a

for the extra storage according to the new money report their including apple samsung elegy and motorola stick of what they charge for the extra storage if they want to the dollars to get with more storage how you beat those high-cost instead back up the follow the produce them to store far of the videos for free second stream your music instead of storing it on your phone in and of low the library and also trained for free with spotted by an pandora use cloud drive like black box or apple pie cloud to manage your files and also clean your phone you can get the speed booster for android for an acidify other mckinley on your phone we will be right back >>mark: they're coming out of new york the the dow features are down 66 points ahead of the opening bell it did close of 69 points on friday for the year the dow was down 1.9% of assets pick up 1.6 the nasdaq of 6.6% for the year. >>darya: there's been another deadly of san juan shooting in san jose it happened around 2:00 last night at the st. monopod 100 block of center road near andrew hill high school officers were conducting an investi

motorola mobile, this is an interesting deal that i wanted to mention. you have an investment in a public equity from silver lake, a so-called pipe and the stock is moving up sharply. it's basically pe putting some of their money to work here and what some hope is an ownership mentality, if you will. the public comes along. you have large shareholders there already in value act, and so this almost becomes a quasi public company. they're doing a 2% convertible, i think it's 68.50. a bit of a conversion premium. >> activists love. >> and pe has been so inactive, and so it's interesting to see them do a deal like this. apparently, also, the ceo's comp actually will potentially move up into the stock price moves up. >> you mean -- >> as if it's a double the stock price, he gets 1% of the up side. interesting deal and worth noting not just because msi stock price is moving up. this may become something we see a bit more of from both private markets and activists. >> i think we saw them on this morning. i kind of gave up on that company and suddenly it's back.

works, and it biddle drones for military, and they do things like public safety, we have a deal with motorolap law enforcement officers. stuart: has google called you? >> what's that? . stuart: has google called? >> google's on a path of -- they bought boston dynamics, and they're doing these very, very, very cool very sophisticated robots. that are pretty futuristic. my money is getting a robot car before getting a humanoid in your home. stuart: thank you very much for joining us. interesting stuff we appreciate you being here. thank you. now this. a new survey revealed which tech device you would miss the most if you had to give them up. only 4% said tablets. i'm surprised of that, adam. understandable 4% said the tablet the most. >> because you do everything that you can do on a tablet on this little thing. and personally this would be the thing i miss the most. i use a tablet when i'm on the road, but in puerto rico, i was using a bluetooth keyboard with this as my screen. >> i love my tablet because i can't see anything and if i could tut putt it on the tablet, it's bigger, and i can see

. >> apple is not motorola and the iphone is not a flip phone but i never would have believed that theo i know? >> that was a good point. there were people with apple watches on and they said if you go to the store, you're hearing more about the apple watch. it's not in the numbers i see. i think what people trade this off of is china. if you stabilize the chinese market apple goes higher. that's to the government. >> is it a good sign that exxon and chevron threw in the toulwel in? >> i thought it was. it came out and no one was listening. over the weekend they said it's not a v recovery or u recovery it's no recovery. if royal dutch, exxon and chevron say no recovery, shouldn't they all start thinking about recovery? they all liked it all the way double down? i'm a little contrarian about all that. and a bidding war for twitter. >> we'll look forward to you guys coming up. >> and don't forget tonight the premier of west texas investors. it is must see tv. it is going to be great. "squawk box" will be right back. that's why i have the spark cash card from capital one. i earn unlimited

look at the global smartphone market, you go back six or seven years, the top companies were nokia, motorolayers we talk about anymore. now it's apple and samsung. you've got a player that four years ago just started with its first phone. now they're number three in the market. they're the second biggest player in china, which is the fastest growing marketplace. and so i'm not necessarily saying we're not necessarily saying that it's going to crush apple and become the next appear the globally, but it's an indication of the way that the marketplace is moving. >> just that you have to look over your shoulder in different directions that things can come more quickly. i guess china is a major player in that. i would imagine technology. >> and the business models are different, right? apple's business model is making money on selling the phones. on the other, phones are much cheaper but they're making money on the service. it's what they have to look at in different ways. >> it seems to me that amazon is the company that is constantly has look over its shoulder, but also is the company that ever