you can see in the market nokia shares are up big. did this work out well for nokia?hard to tell. this settlement like most settlements is confidential. we don't know how much money is changing hands. companies like nokia have been transitioning from product producing companies to companies whose primary business is licensing their patent rights and so i think any deal in which apple actually pays them money is probably something that vindicates that model for nokia and it's going to help them in the marketplace. >> thank you for joining us. explaining this case and what the patent disputes might look like going forward. what are you going to look at? >> fed minutes. we can focus on the fed and its cadence and trajectory of how it's going to go from here. just this market, the way it finds a way to sit almost still and stay supported at these highs because something's working, something's not. like a team with a lot of injured players and still manages to win or tie. >> i'm trying to think of which team in the playoffs would be the best analogy. the warriors and -- >>

licensing nokia's technology.e puts this case to bed and it can focus its lawyers on the growing case with another one other licensing fees. shares of both cos are heading higher on the nones. there's rumor about twitter starting a subscription service for some time and there may be more meat to that. they report that the ceo told the company at the shareholder's meeting they've been kicking around that idea. while it's important to them that twitter remain free for people around the world, they say that if enough users want a subscription premium model that's something they would consider doing. stock market is heading higher for the fourth straight session. let's go to the big board and see how we're doing so far this morning. in the early going, the dow jones up 15 points and the nasdaq, negative, down six, the s&p, moving higher by one point. back to you. >> thank you. >>> caltrain is getting the federal money it needs to go electric. the feds have signed off off a month-long fight. the project has been in lim

para los amantesdel nokia 3310, a 17 aÑos de su lanzamiento estÁ de regreso.Án desarrollando una aplicaciÓn, podrÁn usar la tecnologÍa de su celular y con un solo clic podrÁ pagar el viaje en vez de comprar la tarjeta. muchas pÁginas en internet ofrecen descuentos en boletos para disney. un padre de familia comprÓpero luego se dio cuenta que eran falsos. >> por ahorrar dinero pague el triple, no pensÉ que me iba pasar esto. >> se trataba de la primera vez que iban a disneylandia, lo que les dijo el empleado los tomÓ por sorpresa. >> el muchacho nos dijo que no eran verdaderos. >> las innovadoras estafas se hacen mÁs presentes. esta transacciÓn fue a travÉs de la pÁgina de compra y venta, tras no recibir respuestas del vendedor, francisco no le quedÓ otra opciÓn que reportar el incidente las autoridades. >> entre las compaÑÍas ademÁs se producen estafas, con la avanzada tecnologÍa los estafadores las ingenia para crear pro os falsos. como comprador, usted puede identificar varias seÑales de alarmacomo por ejemplo un precio extremadamente bajo, el boleto de mÁs

it seems nokia had the upper hand here. apple is not want to give up readily.er way for apple, and conserving cash is something they continue want to do even though they had the biggest cash reserves out there. vonnie: that is cory johnson, who will be on bloomberg technology at 5:00 p.m. eastern. brooklinen that launched their linen startup 2000 13 andome in turned it into a $20 million company. this is bloomberg. ♪ ♪ this is "bloomberg markets." i am vonnie quinn. when rich fulop and his wife vicki decided to start brooklinen, they knew next to nothing about luxury bedding. they wanted to give consumers a better retail experience than they found at big-box stores with better prices and selection than they could currently find online. they did a lot of research and launched a company, which describes brooklinen's journey from small today. rich: we are a luxury bedding destination direct consumer. we were started by my wife and i. we hated the experience. we were used to shopping with apparel and other items online. we started with some of our savings, $20,000

looking at nokia, there was a smart phone revolution several years ago.panies like amazon and the like, that could perhaps be a driving force in where they need to go. they obviously have a huge amount of data from a huge amount of customers, but what are they going to do with that in terms of their customers? if you were to bring back the profits to the united states, what are they likely to do with their shares? they are talking about a share buyback, share dividends are not sort of thing. will they plough back into some sort of great new idea? you could do a lot with that kind of money. you certainly could. i think my personal view would be that perhaps they are going to need to look at an acquisition. that is going to help drive direction. the tax implications and benefits associated would play a role in that decision. they need to look at how the cash is going to let them move ina the cash is going to let them move in a slightly more innovative direction, beyond what everyone already knows. what will we be saying about them in a year's time? iphone s

. >>> when we come back, the top stocks to watch, including nokia. a big mover today on news of a patent fight with apple being over. details on that coming up. and the latest on the suicide bombing that killed 22 people last night at an ariana grande concert in the uk. 59 people injured. the investigation is ongoing. we'll keep you posted when "worldwide exchange" comes right back. he talks to planes. he talks to planes. watch this. hey watson, what's avionics telling you? maintenance records and performance data suggest replacing capacitor c4. not bad. what's with the coffee maker? sorry. we are not on speaking terms. >>> welcome back. nokia settled a patent dispute with apple in a sign and signeds collaboration agreement with apple. >>> toll brothers just reporting second quarter earnings that topped forecast. revenue rose 24%, delivery of new homes gained 26%. >>> agilent technology reporting second quarter results that beat forecasts in europe, pharmaceutical companies and energy markets. been a good stock for the past two years. >>> shares of t

the nokia 3310. do you remember these?n, you go into the menu and just very-- i've got big oven mitts for hand so it's not easy to negotiate, but you know what's great, the battery life, 22 hours, 31 day stand by battery life. these were very popular because they were indestructible and had the popular snake game. you can buy the new one for $63.39 in the u.s. and the snake game, oh, see? there it is classic. i don't know how to turn it on, but there you go. so very popular with people maybe as a second phone, you can phone people and send messages and that's about it. compare it to the iphone 6 i have here today. quite remarkable. charles: interesting. ashley: but people love these things. it's a stuart varney phone, it's not complicated. charles: that's when nokia ruled the world. the highest stock in europe and probably held that brand too long. ashley: retro is cool. charles: retro is a cool. you never expect to hear this from spike lee. very critical of hillary clinton at the cannes film festival and called her entitl

nokia, is that under android? ...with the cyber crime wave that's getting bigger by the day.ents police have voiced concern about the number of weapons being seized in schools in england and wales. kitchen knives, air rifles and an imitation firearm were among some of the 2,500 items confiscated in the last two years. cases involved children as young as five. our education correspondent gillian hargreaves reports. some schools have taken to using metal arches to make sure no weapons are brought on to the premises. but figures obtained by the press association show the number of seizures over a two—year period from 2015 had risen by 20%. 2,579 weapons were seized — among them were samurai swords, axes and airguns. 47 children found with weapons were below the age of ten, and one five—year—old was caught with a knife. sometimes the younger children are used to carry for older children, so they are learning from their siblings, they are learning from their peer groups. so these cases are very worrying, because if you don't catch those young children now, they will go on to conti

alex: you represented a consortium of automakers that bought nokia's mapping system here. that's a deal where car companies are buying technology companies. i remember in business school hearing you are not really supposed to do deals theoretically that don't provide any synergies and don't add to your core competency. that seems to be a deal on the surface you say, are you sure you want to buy this technology and not necessarily acquire it? why are we seeing so many deals? bill: you have to give credit to the automotive players because they're realizing with the pace of technological advancement, relying entirely on r&d internally -- and i worked with the engineers. they are remarkably gifted individuals. probably is not enough to move with the pace of competitors. and so you either have a choice, right, to actually partner with the west coast silicon valley and it's not limited to silicon valley. munich, israel, other key areas for innovation and development of creative ideas are all relevant to this point. but you can collaborate with those partners. you'll voint ventur

. >>> nokia settled its lawsuits with apple.l work with apple providing a range of network products and as far ass. >>> coming up, we will continue to update you on the events in manchester. you can head to our blog, world markets live, for the latest. >>> welcome back to "street signs." i'm carolin roth. these are your headlines. >>> at least 22 people have been killed and around 50 injured in a bomb blast at manchester arena in the deadliest terror attack in the uk in over a decade. >>> uk prime minister theresa may is holding an emergency cabinet meeting shortly as authorities work to establish details and election campaigning is suspended. >> this was an evil act. our first thoughts are with the families of those killed and injured. we will do whatever we can to support them. we are grieving today but we are strong. >>> the stock market reaction to the incident is muted in early european trade, but uk travel and retail stocks underperform while defense stocks rise. >>> and speaking in bethlehem, u.s. donald trump lashes out

nokia has settled a long-running patent dispute with apple.business collaboration agreement with the company. under that deal nokia will provide network and infrastructure products to apple while apple will resume carrying nokia's digital health products in its retail and online stores. >>> toll brothers reporting second quarter earnings that topped forecasts. revenue rose 22% while deliveries of new homes rose 26%. adulant technologies reporting second quarter results that beat growth. the medical equipment and technology firm is also raising its full year guidance. >>> when we return we'll take a look at the markets and where you should be putting your money to work. plus the latest on last night's attack in manchester after an arianna grande show. who's responsible and how will the uk respond? we'll talk to former ennpd commissioner bill rattan. plus former senator max bachus on tax reform. "squawk box" will be right back. whether you're after supreme performance... advanced intelligence... or breathtaking style... there's a c-class just fo

suggesting perhaps that the nokia deal was too little, too late. as many have said.bout his life as investor post microsoft and how twitter has cured him of being a more activist investor. take a listen. >> in retirement, you say, what am i going to be now? investor phase. i'm out of that phase for those of you who might be looking for money. i'm not in that phase at all anymore. but when i was in investor phase, i took -- i said, look, i owned 4%. i made a point of that. i'm silent on what i own of microsoft, twitter or anything else other than eclipse at this stage. i still have a lot of money into the concept that says there is an opportunity to make it into the real business. >> he did talk about he's not going to update us on the stake in twitter. he used to do management calls with jack dorsey, not so much anymore. jack needs to choose one company to run and that microsoft never looked at twitter as an investment. also showed off a pretty interesting interactive clippers app that will allow sports fans and viewers later on to assemble an nba game after the fact

nokia we re integration of technology. nokia were not the first to do that.s the brick, from 1987. what you could do on that, was make phone calls. what you can do on this tiny thing now, i mean, it controls your entire life. yes, but the thing in your left hand, the big one, is truly a mobile phone. that is all that did. there is no text capability. it is an analogue phone, it made phone calls. the thing in your right hand, the smartphone, that makes everything. the fact that it makes a phone call is incidental. it is my camera, diary, email, my television. we talked about the fact that making phone calls was way down the table of things that we use our mobile phones for. yes, in fact, mobile phones for. yes, in fact, mobile phones for. yes, in fact, mobile phone call minutes are declining every year. when we had that mobile phone i bet we never imagined that we would end up with a smartphone that runs your life. well, that was also £2500 when it first came out. that was another little problem. it is going to be about more integration. we see things like the

time you own a stock like this is when you're having issues with a supplier like a apple did with nokia has 14 times and they're about to make their largest acquisition which the market is telling you this is about to close and when it does it diversifies their chip business into something other than just mobile. this is going to be a good thing for the stock but a lot of people will not buy it until, "a," apple is over and the acquisition. >> jpmorgan says you try to look past the risk of the apple dispute and focus on the valuation. and that's what the call is. >> and history tells you, and we've been talking about when this happened the stock was below $. it's $58 or $59 now. there will be negotiations but i think it will come through and the stock will head higher after that. >> how comstock come stockholders, the bulls are value investors and they like the royalty stream and they like, i don't really know, and then tech people don't talk about qualcomm at all. >> the bear case is what apple is going after the margins will go down and down and down. >> on base bands? >> the way qual

nokia getting a pop of over 6%. nokia and apple agreed to a licensing patch.avorable ruling and will get payments as well as future royalties. became really aggressive last december. another weaker read on the auto industry. third-quarter estimates missed even the lowest estimates. part of the blame is due to a shortfall on late irs refunds. it is now all about the irs. this is the best-selling season we have had an 10 years, a be the higher estimates of revenue was up tock log order 5 billion, about four quarters of revenue. stronger read for luxury housing. david: as we continue to wait for president trump, you're watching as prime minister netanyahu waits for the president. we will now turn to the white house. one thing we have seen on the tour so far, really focused on .ighting terrorism perhaps a state sponsor of terrorism. is this something the white house had planned all along? >> this was in the plan of the white house. the president wanted to show he is changing the u.s. strategy between more engaged and taking on the terrorist threats that face not o

it's not a nokia, not a motorola la. you're not going to find the iphone in the smithsonian next week. he made this promise with cramer. he's going to double the services business from 12% to 20 plus. if he does that, there's never been a company to make that transition. that margin is 66%. that's why i own this stock. i don't care what he does this quarter. when he delivers that eight later this year, you're going to see a huge amount of movement into the services business and that's why he owned the stock. apple is not consume economics anymore. the it's a megaplatform and that's why people own it. >> i'd say that was the case before tim cook got there. you have the an p l ecosystem before. he's done a great job maintaining it. keep many mind that he was a process guy at qualcomm. before he got to apple. he's been a process guy. he's not an innovator. he's a pmanager. tech companies need innovators to get to the next level. you talk about the share price. great. but those, those -- >> what do you think johnny is doing

a remake of the iconic nokia 3310 was released in the uk today.t with users back in 2000 sand. 126 million phones sold. the relaunched version includes a month long battery,. >> month long. >> 22 hours of talk time and that popular game snake. there are no plans right now to make it available in the u.s. >> of course. that's how it always goes. >>> fourth grade crime busters, fourth grade, are ge getting big prop from police. owing okay students and their teachers were in the middle of class last week when they saw burglars hitting the place across the street. the teachers immediately called 911 and with the help of their students, gave a detailed description of the get away car and the burglars. >> i was helping my teachers describing how the truck and how the person were hooking. >> i feel good that like we helped to catch them, and that all the stuff was return. >> good job kids. to show their appreciation police officers and their dispatchers gave the students look behind the scenes at the city's emergency response cent center. >>> they look a

nokia, is that under android? ...with the cyber crime wave that's getting bigger by the day.he year: the final of the eurovision song contest is tomorrow night in kiev — with lucie jones representing the uk. the 26—year—old says she's keeping politics firmly out of her mind, even though this is the first eurovision since the eu referendum. our moscow correspondent steve rosenberg weighs up the uk's chances. it's big, it's brash and at times quite bizarre. eurovision, the song contest that gave us abba and now...apes. after a week of rehearsals and qualifiers in kiev, tomorrow, it's the final. the uk's entry is never give up on you, sung by luchones. yeah, i'm nervous, but if i wasn't, i think i'd probably worry about myself. if i wasn't nervous to sing in front of 200 million people, that would be crazy. it's easy to forget that there is a serious side to this annual fest of cacophony and kitsch. the idea behind the eurovision song contest is a noble one, to use music to break down borders and bring different countries and cultures and communities together. the problem this y

a couple names on the move, apple settles with nokia, companies have come to a multiyear agreement ontent licensing. as part of the deal apple will increase the loyalties that it gives nokia for mobile phone patents, apple shares are up nearly 60% the last year. we are watching shares of lowes, both earnings and revenues missed expectation, stock is down 6%. that's one to watch. retail space gone under serious pressure. more than a 100 passengers evacuated last night after united airlines plane engine caught fire. cheryl casone with the details. cheryl: five people maria, suffering minor injuries after one of the aircraft engines on united airlines caught fire in about 9:00 p.m. last night at newark liberty international airport. 124 passengers and seven crew members. the airport did reopen late last night after that scare. meanwhile we should say united shareholders are going to vote whether to reelect oscar muÑoz today. this coming, of course, after rough removal from passenger after spark after bad publicity. shares up 75% from just a year ago. the u.s. is suing fiat chrysler claim

as is euro tunnel and nokia. glencore is down 1.9% on the m&a story is running.re is a bit in the market as well. mine stocks have gone ex-dividend. matt. have the big story today about moody's cutting debt for the first time since 1989. chinese stocks headed for their lowest level in eight months. the yuan traded down onshore and offshore. and default risks increase after the rating was reduced to a1 from aaa3. the move challenges the view that the nation's leadership will be able to rain and that while maintaining the -- rein in debt. >> the authority has recognized the risks that come with it. theake that into account to point that we think that leverage will increase more slowly than it has in the past. would not beasures enough to reverse the increasing leverage. us bring in the chief investment officer at latitude investment. freddie, what do you think about this chinese move? it is an interesting headline and great superlatives. ieat cuts since 1989, but cannot see how it is related to the drop in chinese equities, which has been ongoing and really a trend

these consumer commodity companies that had to get out of the business whether it is blackberry or nokianly have 15% market share in smartphones and that will be a nice growth area. nonetheless, do you chase tech here? paul: i don't think you do. i like to look at where indices are, globally and the nasdaq struck me as looking at little bit strange relative to the valuations of the indices and even in the s&p and asia. look at china here, today. obviously we have a korean presidential election coming up and it looks like moon will take that one. asia struck me as a little undervalued. i would not be putting new money into nasdaq. forthan: thank you so much joining us, paul richards and of course, brian white. the opening bell, about four minutes away on bloomberg daybreak. and the equity markets, futures a little bit softer. no drama on the s&p 500 after three straight weeks of gains. you are watching bloomberg. ♪ jonathan: from new york, this is bloomberg daybreak. moments away from the opening bell. this monday morning, futures negative about 23 points. no real drama, just a little bit