nokia is working on making itself over.r: it is betting its destiny on5g destiny gear. >> they can't dominate the mobile phone market for about 10-15 years. they were basically the top of the market, beating up motorola and folks like that before falling pretty precipitously off the cliff. oliver: vessel country is finland? >> right. oliver: what are they doing right now? they used to be so ubiquitous. when i saw the story i thought nokia, title that was a perfect title. >> they are pretty much out of the consumer market. their clients basically are verizon, going to telecom -- deutsche telekom. towers andell software that runs them. carol: they sold her handset business to microsoft. >> a couple of years the handset is this was doing terribly. they got out of it by selling the microsoft. carol: what happened from being ubiquitous, owning the mobile phone market, then all of a sudden not? >> the iphone happened. it happened to a lot of people but nokia was one of the biggest victims. they basically made a lot of money on th

nokia was one of the biggest victims of it.ily made a lot of money on these phones, they made them fairly cheaply and they were .eluctant they opted for a cheaper model and people did not want the phone, even in finland. that is not good when you can't get to home base. >> now what they are doing is a are -- is it about data services? providing an essential service? >> it is all the stuff that happens between my phone and your phone. nokia provides that. transmitter, it is the radio transmitter, it is the antenna. increasingly it is the software is degree it outweighs to more efficiently is this limited bandwidth to sabotage people's oh -- satisfy people's hungers. >> it turns your voice into a digital single and then the sound of a voice. it is all the software that keeps track of whether you are a verizon customer, can you use this, it is taking this complex choreography happen. >> they are also making a big bet on future choreography in the form of 5g. about thisthe thing business, there are long periods where people are slo

that's in fact who i called, i called nokia.ell, we'll call the camera module people in china. this is how you begin these things. it's very small, it's very challenging. we in fact used analogue technology. it does visual dropouts, which is the visual language of all video from the future, including princess leia asking for 0bi—wan‘s help. exactly — the future is analogue! yeah! since the initial prototype, rob and his engineers have gone through several upgrades. he now has one eye that glows red when it films and another camera eye that looks a bit more normal. i get calls from and emails from moms whose kid hasjust lost an eye, because it's some sort of fun thing to show a kid this maniac running around on videos and glowing red eye cameras and stuff. it's fun for them to look at that. they're now looking working on ways to transfer the technology to other people's prosthetic eyes. we're doing 3d scans of those now and then that creates a space that you can take into software to map on the technology that we're increasingly

. >> how the iconic nokia points are making the come back.not. >> hev save bam by. >> before we head to break state troopers are sheet ranglers. this is a police of them in oregon helping a hearder get a sheep across the highway. the hearder needed to get them to the other side of the road. to avoid accident oregon state trooper stepped in and blacked traffic on both side there for te i need the phone that's where i happen to be... to be the one that rings. i need not to be missed phone calls... to not be missed. i need seamless handoff... canyon software. from reception, to landline, to mobile. i need one number... not two. i'm always moving forward... because i can't afford to get stuck in the past. comcast business. built for business. comcast business. >> it's 6:15 if you just get in today a look at top stories at. d.c. police arrested and charged derrek watson with shooting a 1-year-old and police identified a second man and asked for the identifying a third man that may be connected to a shootout. that left that child injured. police ar

prime exclusive phones, smartphones from motorola, nokia on sale from 50 to 200.four months for 99 cents a month. prime members with alexa device wills get exclusive devices two hours before prime day starts. amazon says it's app is the best way to shop and keep track of the deals. i'm going to download that right now. [laughter] lauren: yeah, there's a lot of deals to prime members. tracee: prime member a year on average spend $1,100, that's not including the 99-dollar subscription compared to $600 for nonprime members. lauren: double. tracee: you can imagine prime members are going to keep track. you can buy things like ice cream, your toilet paper, your tv. cheryl: you can buy cat food, cat litter, paper towels. everything. ic we are both prime members. lauren: for sure. cheryl: thank you, tracee. as we should say amazon stock right now sup about 30% so far just this year. so the question is there more room to run. lauren: good question, adam, what do you think? >> if they would split this stock, we would see probably double again. it's trading at a thousand bu

it includes companies like verizon, ibm, cisco, nokia, and crucially the head of the fcc has also spoken out against net neutrality. those who are against it say it adds unnecessary new regulation to the internet. they say net neutrality makes it harder for internet service providers to make back the money they invested in building the infrastructure that gives people a high—speed internet. politicians, companies and the us public have up until august 16 to make their views on the issue is clear. then, the federal communications commission will make its final decision before the end of this year. in other business news making headlines, music streaming service spotify has seen its deal with sony music. spotify will restrict access to its albums on the premium service for two weeks. royalty payments other compa ny‘s largest expense. the company, which is yet to turn a profit, is said to be laying the groundwork for an initial public offering. here is another twist in the battle for toshiba's business. a temporary us court order has been granted to give access to toshiba's databases and ch

that includes companies like verizon, at&t, ibm, cisco, nokia and crucially the head of the us federalommunications commission has also spoken out against net neutrality. those who are against it say it adds unnecessary new regulation to the internet. they say net neutrality makes it harder for internet service providers to make back the money they invested in building the infrastructure that gives people high—speed internet. politicians, companies and the us public have until august 16 to make their views on the issue is clear. then the federal communications commission will make its final decision before the end of this year. with me is mike weston, founder of radiate b2b. thank you very much for coming in. just explain why the us can indicate as regulator is talking about rolling back these rules. it is a really good question. it is difficult to be very clear at about the exact motivation. what we know is that the head of the fcc, recently ta ken over, is that the head of the fcc, recently taken over, was a corporate lawyer for horizon. his recently taken over, was a corporate lawye

our space exploration program. >> and to see who get there's first, bezos, musk, blue origin. >>> nokiaomi enter into a deal which includes a cross license to each other's cellular standard patents >>> an oracle was upgraded by keybanc. >>> and monogram residential trust has agreed to be acquired by greystar growth and income fund under the deal monogram stock holders will receive $12 a share. >>> there's a pair of economic reports today on wall street you have may factory orders out at 10:00 a.m. eastern time at 2:00 p.m., we get those big fed minutes. the last month's federal reserve meeting when the central bank hiked interest rates for the second time this year. those two data points could be big in terms of setting the tone for the day. >> we want to see how they're reacting to inflation expectations which have been falling. for a while it was the bond market doesn't believe them on inflation. >> they didn't >> they didn't but that's reversed in the last few days we'll see what the fed officials say. >> could set the tone for sure. >>> moving on to the top trending stories joey che

. >>> nokia phones making a come back. a company from finland is making new cell phones under the old brand name after buying the rights to nokia last year. now tech blogs are reporting the release of its first high end cell phone. they revealed a new leak of the phone. reportedly call the nokia8. >>> back in 2015 madelyn ardecott was taken out of class and ordered to change her clothes after someone said that her shorts were distracting because they were too short. she and her mom filed lawsuit saying they targeted and humiliated girls. now the new dress code does indicate that spaghetti straps are not allowed. that's our question of the day. >>> dan dibbley who happens to be a friend and has kids says. no they shouldn't be allowed and boys should not be allowed to sag their pants. >>> we'll share our responses to the day at 9:30. thank you for using our hash tag ktvu the nine. >>> speaking of the upcoming academic year we sit down with the school officials about school choice and how prepared the district is for this aca

we have seen it from nokia and motorola >> apple does more in revenues >> dan, you got an apple trade >> as far as i am concerned, i want to say one thing. they have a billion ios devices around the world their service business is growing. >> a positive coming >> not even impact full for this company to inspect at $230 million in sales. it is growing 17% year over year to me. facebook sales >> we want to know what to do, trade. >> chill out >> i am not telling you to leave. >> i suspect it to come in line, i expect if we'll have a big raise. you want to look back these earning events, introducing early september and they start to sell in late september. analysts start looking at these things and raising their numbers and see the runway, what it is going to be. this one is particularly interesting. it is a ten year anniversary and there is talks from suppliers of the high end that's north of $1,000 to me, i think all of those reasons combined if you are holder, you may want to think of cheap protection higher end to the fall but define your risks outside. i want to look at this chart r

that‘s in fact who i called, i called nokia.h is the visual language of all video from the future, including princess leia asking for obi—wan‘s help. exactly — the future is analogue! yeah! since the initial prototype, rob and his engineers have gone through several upgrades. he now has one eye that glows red when it films and another camera eye that looks a bit more normal. i get calls from and emails from moms whose kid hasjust lost an eye, because it‘s some sort of fun thing to show a kid this maniac running around on videos and glowing red eye cameras and stuff. it‘s fun for them to look at that. they‘re now looking working on ways to transfer the technology to other people‘s prosthetic eyes. we‘re doing 3d scans of those now and then that creates a space that you can take into software to map on the technology that we‘re increasingly able to reproduce. some people golf, i like to make fake eye cameras and, you know, film things with it. activate eyeborg — now! 0h! welcome to the week in tech. it was the week a group of disg

neutrality does have some very powerful opponents includes companies like verizon i'd seen say ibm cisco nokia. and crucially the new head of the u. s. federal communications commission has also spoken out against net neutrality. those who are against it say it adds unnecessary new regulations say the incidents. place i net neutrality makes it harder for instance service providers to make back the money they invested. in building the infrastructure gives people isolated so that's. by most estimates mexico ranks behind only syria and afghanistan is the most dangerous country in the world for journalists. eleven were killed and twenty sixteen and already this year seven have been murdered with almost complete impunity. and in the day to day work many local journalists face intimidation and violence from both drug gangs and corrupt security forces. pogrom spent the day with one of them in the dangerous eastern state of veracruz. but what does he has established that that elliot genius presents the bread for show on her local radio station. the headlines include a bank robbery a quiet night for dr

we've seen it from nokia, motorola that's one of the reasons why we want to see a transition into wearableservices sooner rather than later. >> apple's second business, its services business does more annual revenue than facebook's entire business. that's how big it has. dan, you have an apple trade >> i'll let you have -- >> because as far as i'm concerned, i want to say one thing, they have 1 billion ios devices around the world >> i was making a positive comment. that's how big it is >> i know, but it's not even impactful for this company right now, that is expected to have $230 billion in sales, is what i'm saying it's only growing 17%, year over year so, to me -- >> okay. >> these other companies -- so facebook sales just grew at 25%. >> what we want to do is what to do, how to trade it. why don't you head over -- >> so you want me to chill out >> i'm not telling you to leave, but leave and go over to the plasma and give us your trade. >> we just talked about the earnings event next week and i suspect it comes in line up or down 4%, unless we have a big beat or raise or a big guide dow

accompanies the building of these networks that are going to bring us things like smart cities, ericsson, nokia, samsung. so all of that means that as we are the platform for the future, we also now representing companies and drones and even car companies. because what we do is we advocate for policies that will continue this amazing innovation that's in the wireless industry, and the investment that's going into this. we want policies that continue to instead the investment. so it's been a wonderful run and wireless is just at the beginning. one of the favorite things i do is i travel around the country and i visit our members. what they are doing is so exciting now and what they're going to do is also pretty amazing. so i just got back from the west coast. i visited one of our carriers have just bought a bunch of spectrum at a six outer megahertz auction, and that close two months ago. so barely yesterday -- 600 -- they had equipment and they're ready to roll up as soon as they can and they are very excited. it's going to allow their consumers to have better coverage and faster networks,, esp

net neutrality has some very powerful opponents, including companies like verizon, at&t, ibm, cisco, nokiaet neutrality. those against it say it adds unnecessary new regulation to the internet. they say it makes it harderfor internet the internet. they say it makes it harder for internet service providers to make back the money they invested in building the infrastructure that gives people high—speed internet. i have had plenty of questions on this story. technology analyst tim mulligan explains. there was research last year which showed that 35% of all download traffic on the us internet systems last year was because of netflix. and netflix is not contributing to that? yes, and this gets to the hub of the issue. we are transitioning from an ownership culture to access to ownership, effectively streaming. netflix is the leading provider of video on demand streaming services. in music you have spotify with music streaming services. what we are looking at is an increased significant increase in demand upon existing infrastructure to provide what the public wants, which is insta nt what the p

mather convinced the doctor , boylston to a nokia late late -- tookia innoculate several slaves and a few citizens. the result of this experiment, which the puritans railed against, the idea of poison and infection from one body put into another body, was the height of heathenism for them. but the result was that boston's death rate from the 1721 epidemic was much lower than it otherwise would have been. onesimus helped save the city. in 1751 when phillis comes to boston, arriving on a dock in what is now chinatown, at the corner of beach and tyler, if you care to walk there, you will see a plaque commemorating her arrival. at the time, the city and country were in the midst of a religious awakening. believing a man or woman of faith, including slaves, could speak to god directly. god was as close to them as their own heart. he was a loving parent who cared for them at all times and for every reason. george whitefield, an englishman, was the most popular preacher of the day. he could move thousands with his sermons. he was also a friend of susanna wheatley, often staying with the fami

they made some disastrous acquisitions, most notably nokia. having to write off those acquisition means writing off a lot of jobs. if you go to the bloomberg terminal, there is a wonderful function called ms equity go and type in loss. and you see a table with each one of those news stories on the job losses. but you can see the long-term stock price as it goes across there. and all of those little circles are job cuts. if i zoom in, this is to he 14. playoff, playoff, playoff-- this is 2014. layoff, layoff. even as the stock creeps up, people are losing their jobs like crazy. you can imagine the big changes going on. caroline: let's get the take of an investor, because frederick, when you look at these sorts of moves, the focus is on the rivalry between amazon, ibm, and google, microsoft. all of them want into the cloud and want into a.i. frederick: absolutely. for a company like microsoft, they are -- from both sides. they have a very strong position in the enterprise world and come a certainly, google, which is a consumer facing company is

. >>> 17 years later nokia phones making a come back. a company is making them under the old brand name. they made low tech ones but nothing to rival the top devices samsung and apple. that could change with the nokia8. it's supposed to be released july 31st. >>> ama sop filed a trademark slogan we do the prep, you be the chef. they plan to offer meal kits and some say this bid will slice in to the revenue of blue apron which at one point yesterday saw its shares fall about 10%. the meal kit industry is a $2.2 billion market. >>> stocks low eras banks slump. health insurance trading lower after the republican health care bill failed in the senate. you can see the dow down. netflix, stock for them surging after it gained more than 500 million. >> a new report says the cost of renting a home went up by 9% in san francisco, santa clara and san mateo over the past five-years but salaries only went up 2.8% during that same time. economists blame the growing gap on the slow pace of home construction and the high cost of housing. >>> the richmo

and a chinese smartphone maker is snapping up more -- it has acquired intellectual property from nokiaed in ranking since 2014. that is the bloomberg business flash. francine: thank you. foreign ministers from the arab nations that cut ties with qatar are meeting to discuss the situation today. qatar'sdom has received answers, cutting ties with iran. is --g us now from dubai do we know what is in the letter back to the reply? what is in theow letter. but they have reaffirmed their theting position through qatari foreign minister, saying they're committed to fighting terrorism but leaving the page saudi ledfrom the bloc. they have always insisted that none of the terms of the 13 on that list are up for negotiation. the administrators will have a chance to hash things out and consider further escalation. economic sanctions or an expulsion from the dcc. tom: help me with the history lesson we are getting. tothe telegraph, alluding these events going back to austria servia of 1914. what are the tensions that will occur out of these meetings? can it involve some form of belligerence he? con

the chipmakers, equipment makers, like nokia, underperforming. on the month it was down.n the quarter, european tech stocks were down. is it because they are one of the out performers? emily: abigail, biotech, offset some of the losses in the shang stocks. abigail: that is a good point. if it were not for the biotech sector, their best month was in june in quite some time we could have seen much bigger losses for the nasdaq, and perhaps the quarterly gains would not have been great. let's go back into bloomberg and look at the chart that shows this well. this is g #btv 655. it is a year-to-date chart. in white we have the shang trade. june had been up, all of the sudden the decline. in blue, the weakness and ships. -- chips. the stocks have had the worst month in quite some time. if you take a look at the yellow, the nbi, it had its best month since july of last year. up more than 5%. big gains their. behind those gains for biotech, a bloomberg intelligence analyst told me there is a confluence of positive influences and data point considering the data points for some of

their acquisition of nokia they took almost a $2 billion loss for that.it wasn't the headline to me. i think you don't chase it but, could you get to 25 times in a world where some of its competitors are trading at a richer multiple? probably let's bring in david garrity david, would you buy the stock here in. >> i think the company looks very attractive. in terms of the expectations for earnings growth going out through '91, we see an acceleration from what had been a 1% decline to probably about 11 to 13% rate for the quarter, the street was e expecting less than 3%, so we're seeing this uptick, the acceleration towards that expected growth rate forward favors a better multiple if you want to look at cloud computing, they've got more regions covered worldwide than amazon web services and you're seeing that the uptake in terms of commercial customers now from a survey six months ago, 20% of commercial customers said azure would be their first choice, now, they're saying 40% of customers say that azure would be their first choice. it looks like microsoft

vice president mike pence is in estonia today where he is meeting with the heads of estonia, n nokia, and that the y yet. he warned of the threat of russia, calling it an unpredictable neighbor to the baltic states. >> no threat looms larger in the baltic states than the specter of aggression from your unpredictable neighbor to the east. at this very moment, russia continues to seek to redraw international borders by force, under my democracies of sovereign nations, and divide the free nations of europe one against another. amy: this comes as vladimir 755 americanered staff be cut from the u.s. diplomatic missions in moscow and elsewhere in russia to the move comes in retaliation for u.s. sanctions imposed against russia over their alleged appearance with the u.s. elections. in pakistan, prime minister know was been ousted by the supreme court amid a corruption's investigation sparked by the release of the panama papers. the documents leaked in 2016 showed that prime minister nawaz sharif's son's own several offshore companies. sharif on saturday named his brother as his chosen replac

and suing each other the lawyers are the only ones getting paid there >> and this has happened with nokia, the strae shhistory show with china they will come to some compromise and the stock will then move up from there. >> so you're sticking with qualcomm >> i'm going to stake with it. of one of the technology plays, they spend more money on r&d sw, have a great royalty income, and they have to settle with apple because they both really need it >> what would make you sell this stock? you've been in it for a decade or more. >> 15 years. >> you would never sell it >> i would sell it if they're not as innovative as they are now. if they were just sitting there saying, we're going to be a royalty company and collect our dividends, i would move on to nvidia or some of the other companies that are really much more -- >> last time i checked, they had 77,000 patents at qualcomm or something like that. >>> all right. gold prices up on the week and on track now to break a five-week trading streak plus, we're looking to the big names reporting next week. netflix, more of the banks, it saunit united

i do not like nokias -- pinocchios.l be signing a proclamation to make today "made in america day." byare thrilled to be joined so many incredible members of my cabinet. every member of my administration shares the same goal -- to provide a level playing field for american workers, and or american industry. [applause] and we are: providing it much faster than other countries were doing. so it has been really a pleasure. we want to build, create, and grow more products in our country, using american labor, american goods, and american grit. when we purchase products made in the usa, the profits stay here. the revenue stays here. and the jobs, maybe most importantly of all -- they stay right here in the usa. in the audience today -- [applause] pres. trump: in the audience today, we have skilled workers. we have business leaders whose american-made goods we are proudly displaying all over the white house and outside. i saw fire engines. i saw tractors from caterpillar. i saw some incredible machinery. make it right here. w

some of those came on the heels of the nokia acquisition, and you can also see those here.forget they had that big acquisition of linkedin, $26 billion. the total employees, over 121,000. and we'll see if they do their layoffs by the end of the week. ♪ ♪ charles: protests erupting as california drops its universe health insurance plan. the proposal would have cost taxpayers -- 400 billion -- $400 billion. larry elder joins us now. larry, it's pretty clear that even californians didn't want this, and still the so-called leaders in the state rallying up the troops, and they've got these massive protests going on. >> well, welcome to california. [laughter] you have the left-wing part of the democratic party following with the left, left-wing part of the democratic party, and the sensible guy in the room is the governor of california, a heft-wing democrat, who once said fairly recently minimum wage hikes don't make much sense, but they make great moral sense. so he signed the bill even though he admitted it did not make much economic sense. that's what's going on here in this s

we saw nokia file similar lawsuits when it was battling apple.tigations resolved before in ultimate block of any products. it is a common event in patent litigation among tech the giants. the balance being, apple is not going to come to the table and agree to pay a higher loyalty because that affects margins. qualcomm does not want to give away any dollars or leave dollars on the table because it contributes greatly to their bottom line. it is high-margin revenue and qualcomm was to get as much as it can. so they escalate the legal battle and try to up the stakes before a deal is reached. betty: what happens next? matt: next in this lawsuit, qualcomm iron two suits. the district court action will be put on hold. the international trade commission will solicit public comments about what would happen if apple's products were blocked from the u.s. other companies may weigh in on how it would affect licensing companies and entities that rely on collecting royalties. c will decide to begin an investigation in august. --rial will not happen in a anothe

going by the wayside the way that a lot of consumer electronic companies did blackberry, motorola, nokia. it's always been a fear whether it's market share or it's margins and i think in both areas they have been very very durable and i think look at the s-8 from samsung it's selling lower i've seen reports 20% lower than the s-7 so i think when you look at apple the long-term opportunity here is the middle class is growing around the world. they don't sell here but they sell a lot over there. >> apple has been a top five vendor in china. >> they were. >> either two or three i think. >> so we have to dissect it. they grew over 80% in china in fiscal 15. so those come off and roll off and i think with iphone 8 they'll regain the momentum. we go to china and taiwan a lot but the comments were everyone is thinking about the iphone 8 everyone is waiting on the iphone 8 and this is coming out of taiwan in china they can regain momentum in china and as china's middle class grows that will help apple. they don't want these $200 or $300 phones. that's what some people can afford they want the ip

this belief that people who will see in the borough to nokia is simply not true. they do. and people need to know whether the homes are safe. later today there will be a debate in the commons over the public response to the disaster. the residents will gather to lead 40 vigil to show unity over a tragedy which is torn so many lives apart. the eu brexit negotiator michel barnier has held a news conference about the progress of the brexit negotiations. the next round of talks start monday next week, with citizens rights and the uk's brexit bill expected to be at the top of the agenda. when asked about what he thought of boris johnson's comments that the eu can "go whistle" over a brexit divorce bill, mr barnier said he can hear no whistling, just a clock ticking. during his news conferencethe chief negotiator for the eu said they were ready for the next round of negotiations. we need to engage substantially, substantially in all the issues of the first phase of negotiations, as agreed with the uk onjune 19th. citizens rights, the single financial settlement, the new borders,

going to be captured in making automobiles, making automobiles is kind of like, nobody wants to be nokiathey had a commanding lead in the handset market, and then all of a sudden handsets didn't matter anymore because the value with these handsets given away free with the cellular service and all of the value was captured by the content providers. that's why you're going to see automobile manufacturers trying to move downstream >> right >> general motors investment in lyft general motors investment in maven, and so forth. because, that is where the value is going to be captured. but the sort of branded automobi automobile, oh, wow i have a bmw and you only have a chevrolet that is absolutely going to go away >> bob it's a much longer conversation and i want to have it with you. because i did not appreciate that you think that gm is on the same page as or even more advanced in some cases from the others but we want to have you come in at some point. >> okay, great >> thank you, sir. >> great too see you >> what are you mad at him you didn't appreciate that >> no, i'm not mad -- >> or you

one thing you can criticize them for is the phone acquisition, the nokia business but the misery of thatusiness is over. >> didn't they buy a consulting business >> no, no but the point about lateness, it doesn't matter. they continue to -- in hindsight it doesn't >> they continue to do nate whe dominate. >> you sound like you think we should buy it at the all-time high >> yes same answer. >> so balmer might own the nba or something he could win every year. he loves winning buy everyone he could do it at this point jay, thank you >> thank you >>> the dow component, i think >> i heard that. >> should be cnbc.com if you're listening >>> other big earnings movers to watch. ebay's second quarter profit was in line with forecasts revenue beat expectations but the third quarter outlook is below consensus as it is looking to continue to invest in marketing and revamping its platform that stock is off by 3.8%. >>> visa's third quarter profit and revenue beat forecasts as the company processed more credit and debit card transactions visa is raising its earnings guidance for the year. that stock i