liz: paul jacobs of qualcomm. you know he just mentioned the situation with healthcare and that could be a real driver for the economy. coming up, we've got an analyst talking about which areas of healthcare will win in the next several years. closing bell ringing in 31 minutes. the three major indices are lower again today. is this more than just an election hangover? either way which sectors would an investor be looking to for a cure? we will hear from a panel of experts coming up. you don't want to miss it. stay tuned. follow the wings. tdd#1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new glal account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right therere. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in th

back to you. >> jon fortt and our thanks to paul jacobs.de on qualcomm here this is one that no matter where you are in the phone market, samsung, apple, other players, htc, qualcomm has a piece of it. >> a lot of people got themselves caught trading on the wrong foot. i think a lot of folks shorted qualcomm as am was going lower, figuring apple is going down, qualcomm will follow. clearly they're much more diversified than that. i think qualcomm is on the sweet spot for their company. i think they're right smack in the middle of it. they're not impervious to the tape, but i think the valuations are reasonable. i think the stock is fine. >> they also have a press release today about this location service, which is something that -- you know, that's what facebook needs to monetize. that's what all these guys need if they're going to do that location for everything from hospitality to travel and all the rest. they make that and izat location, they announced that one today, that could be a boost as well. >>> the energy markets on high alert on

the chairman and ceo paul jacobs. a sense of what's working for them and where the iphone 5 fits in. >>> also, this nor'easter and they named. we don't know why. dumping heavy, wet snow on the same region reeling from sandy. 5.7 inches of snow in newark. that is the most for november, a single day ever. unbelievable. we'll look at this storm's impact coming up. another look at futuring struggling to find stability after yesterday. we'll see how we do when "squawk on the street" comes back. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. >>> about a week after superstorm sandy hit the east coast, a nor'easter is taking a toll on regions trying to recover from sandy. tens of thousands of customers that had pow

>> i talked to qualcomm ceo paul jacobs a bit ago, also listening to the call, give you a sense about what they are saying about their business overall. their guidance, perceived, positive tone in the guidance not necessarily based on the macroenvironment. their gdp estimates still below what the cop census is out there, that they are not building in much optimism on windows rt. seeing increased demand on emerging markets, move toward smartphones and domestic market for higher-end smartphones. how that affects people's outlong on am. but all based on that, even the fiscal cliff worries, paul jacobs was telling me not so much impacting the way he thinks about his business. he says even in a worst-case scenario, he expects smartphones to continue to do well, they will be healthy too. >> thanks so much. time for pops and drops are, mothers you might have missed in today's session. kick it off with a drop for agree yum. >> missed badly at a time people were expecting to support them. also talked with customers on potash continue to break down even though the world is in need of potash. >>

. >> paul jacobs by a joy watching you talk with him.e think what they have been a smart phone that has $8 worth of qualcomm. if this cost 400 and samsung, apple, but qualcomm is what intel was to the personal computer. you cannot have a smart phone to do all the things with mobile internet taking pictures without having qualcomm. it is the way to play the mobile internet revolution. liz: you it -- already told us astrazeneca and glaxosmithkline. >> johnson & johnson? >> 2.seven shares outstanding. april 13th alex came into ryan johnson & johnson who took over from bill but he is reminding. procter & gamble has 34% of sales and emergency day she merging markets. colgate 50%. great upside exposure to seven tylenol. it is the hardest thing to find is extra strength. i search all the time is usually generic. >> when we walk to it is like taking one extra strength tylenol. it calms astound. [laughter] liz: always with a line. david darst we put his picks online. now we are headed to the lows of the session. ♪ [ male announcer ] this is steve

. >> paul jacobs was on cnbc yesterday.he stock's popping again. >> he has every reason to be positive. high-end smartphone growth in the developed markets. phenomenal. then you look in the emerging economies, you're seeing smartphones penetration there as well. qualcomm headed toward $70. >> pulte group dropping. >> their margins are shrinking a little bit. they've taken on more debt. if you want to be in that space, think about the overall etf. >> netflix popping 2%. >> carl icahn was on "fast" last night. he talked about his position in here. and that poison pill, of course, that they've adopted to fight him off. i think the stock's lifting, judge, but i don't think you chase it here. >> this is not directed at you, doc, as an ex-football player but a pop for throwing like a girl. a young lady in utah is tearing up the football field and leaving her male competitors in the dust. at just 9 years old, she's won the quarterback position in her all-boys tackle league. her stats would make any najarian brother proud. the 2012

but we do have paul jacobs on "fast money" tonight. >> and paul told a really good story when he was with us, and qualcomm comes under the category again, please watch this stock, better earnings, better sales, fab plus outlook. i'm not a chartist but that someone is going to say oh, that's a failed double talk. i have very many reasons to sell and very few reasons to own. if you did get a shock announcement from washington saying what david was saying, listen, we're agreeing to spend some time. you're going to say why did i buy qualcomm? there are some stocks that are going to bottom here. it's just that there's not as many. >> if you saw a headline, boehner-obama to agree to long-term solution, you would hit buy first on com? >> we no longer have to worry about rising above? >> i think we'll see that as a joke. >> only up 3% to 5% between now and tuesday. that's not their focus. >> i understand. >> but remember when germany went down, when the german forces went down. those are countries that are dominated by rich people. a lot of those companies are plutocrasies. i think when thei

one of the things that paul jacobs told me is that a lot of the supply issues that they've been seeing for much of the year are clearing up. he said those would clear up by the end of december. they're not completely cleared up, but this guidance indicates that he expects that to happen soon. also, this isn't factoring in potential from tablet sales. so -- and their expected gdp is lower than before. >> all right, john. thanks so much. >> i just want to clarify, lower than consensus. they are being conservative. >> thank you so much, john. up next, he's willing to negotiate. house speaker john boehner saying republicans are open to accepting new revenue under the right conditions. we'll get reaction from our market gurus. later, i'll sit down with the former head of home depot. talk about fixing the fiscal cliff, the economy, housing, and more. we'll talk about his old job and how he's putting money to work. then rich americans running for office get hosed in the election last night. our wealth editor rabt frank coming up on growing class warfare in the country. back in a moment. or th

for mobile devices, smart phones and they came out with numbers, and we are speaking with the ceo paul jacobsers yesterday were focusing on the 1400 mark. we closed below 1400, it shows downside potential. we remain to the downside. also "after the bell" we will follow earnings with names like groupon and nordstrom and disney, all those names will be key. dave: as we continue to talk about the fiscal cliff, and in harrisburg. do we have a place, and deter overseas deserve scrutiny when we get to work on the fiscal cliff for the management? >> first thing in my mind if i were in that position is i have to manage the fiscal cliff, we have to resolve that issue. the issue of sequestration and going out of the country at this point in time with seven weeks left in the year and congress only there for a short period of time i find surprising to say the least. connell: what would you say here or there or on the phone about getting something done this time on the fiscal cliff? we were wondering if anything had been learned from the last set of negotiations, people speculating the president would bri

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to sort of tell americans what was valuable in the past could be a part of our future. >> jacob hacker and paul pierson, thank you. >> thank you so much. >> thank you. >> coincden i first met with jacob hacker and paul pierson on the very day occupy wall street has sprung up in lower manhattan and i wondered if as so many others did, were we seeing the advance guard of a movement by organized people to challenge the power of organized money? well, it's still too soon to know. but in the weeks that followed, every time we went down to the encampment, there was no mistaking the message. >> i don't know thousands of dollars to go buy myself a lobbyist to lobby for my views. but corporations do. >> linnea palmer paton is 23 and an occupy wall street volunteer. >> this is supposed to be a government, for the people, you know, run by the people, and if our voices don't matter because we're not wealthy, that's really unacceptable and it's dangerous. >> my name is hero vincent, i'm 21 years old. i've been here since day one. my parents were foreclosured on. my father's been unemployed for a couple of y