>> once a year qualcomm gives out fiscal guidance. we think they're going to build a bracket con sis tense. based on about 15 times next year's numbers. it will be okay. i wouldn't call it a total table pounder but i think it's a good solid start. >> we're going to leave it there. thanks for your analysis. let's get back to headquarters for another mark flash. >> that's right. shares of c gate are taking a hit. the maker of hard disk drives. the longer term decline in pc sales did hurt those results. no surprise there. but c gate did announce an increase in quarterly dividend by a nickel. >> we have also got some breaking news. kors being added to the s&p 500 effective november 1. friday, november 1 it goes in. shares up 4.25%. >> i think we had a street fight on this one a while back. now here at 80 bucks, now is not the time to be getting long. maybe this is the catalyst to take some profit profits. it's probably going to trend higher but tomorrow specifically i don't think you get long kors. >> is this the kind of trade you want to

and we're going to take out qualcomm. and you know what we're going to put in there?ng to put in enbridge, because i like the cut of the jib. let's go to dean in washington, please. dean? >> caller: hi, jim. calling from washington state, home of the wazzu cougars. >> that's right. i think they're good this year. >> caller: okay. i only lockheed, lmt, microsoft, msft, cisco, csco, intel, intc, and wells fargo, wfc. i want to know if i'm diversified, and i'm thinking of selling lockheed and buying total oil or at&t. do you have any preference? >> i got you. i got you covered here. first of all, you got the cluster. you got the three techs. we're going to sell microsoft, because everybody else is kind of selling it. we're going to sell intel, because that's not doing that well there. we'll keep the cisco and add the total and the at&t and keep the lockheed martin because that's a really great situation, great balance sheet, great ceo. please come on the show. and wells fargo's john stumpf if you can come on the show too. i'm giving you telecommunications, give you a tec

>> i guess qualcomm since you asked it. >> no, 116 billion for qualcomm. >> i would say qualcomm's fundamentalthan intel's. >> but people don't realize that. >> thermal fisher must be 30. their market they serve is $75 billion market for life sciences, growing at like i said 2, 2 1/2 times the market growth rate. there are a lot of individual stocks that are cheap. just keep in mind that the bond market's very homogeneous. my job is to find the 1,300 stocks and either be short or avoid the 1900 stocks. and that's the -- and i think that's more of the game going forward. i would be surprised. we were off the camera. i said what would make me bearish? because i'm really kind of complacent going along, the stuff in washington is scary. i think it's going to work out. a lot of air time devoted to something that's going to go away shortly. the longer term issue of whether we're going down the path of receiving or achieving. and i'm not overly optimistic. >> receiving or achieving. >> what will make me negative is a 10%, 15% quick rise in the market, getting into that third phase of exuberance which

te saludo desde el qualcomm stadium donde entrenÓ la selecciÓn mexicana.hay prioridad para conseguir un buen resultado sobre un funcionamiento. hay que trabajar, hay que convencer, hay que desarrollar esa idea de miguel herrera cuya base es el conjunto americanista. se tiene que ganar y la mentalidad, dicho por el propio rafa mÁrquez, está a tope. otra de las cosas que llamÓ la atenciÓn fue que ricardo pelÁez dijo que lo de rubens sambueza no va a favor de la selecciÓn mexicana. finlandia entrenÓ a partir de las seis de la tarde, hora local. por lo pronto, me despido. >> gracias, jorge, abrazo. bÁrbara, pamela. me despido. regresamos con ustedes. >> gracias, alejo. gracias, alex. hoy tenemos otra conmovedora historia de niÑos que desafÍan las aguas del lago titicaca para poder ir al colegio. tienen una voluntad de hierro. aquÍ se los presentamos. [♪ musica ] >> todos los dÍas, reynaldo y ronnie dos amigos de ocho aÑos de salen de su casa para ir a la escuela remando en unas tinas de lavar la ropa. cualquier madre se espantarÍa de ver a su pequeÑo desafiand

qualcomm a new holding for you. i know it's been a d disappointment for many big investors out there. why own the stock? >> well i guess when you're a long-term value investor like we are, we end up buying things this have been disappointing for others. we look at qualcomm today about a quarter of its market cap is in cash, they're aggressively repurchasing shares, they've taken in 4% already this year, and have announced another 4%. it sells -- exit cash sells 11 times expected earnings for next year. majority of earnings come from a royalty on global sales of smartphones. though penetration of smartphones has gotten quite high in the u.s., on a worldwide basis, especially emerging markets, we think there's a lot of room ahead for growth in smartphone sales. >> can you tell me about a new position that we haven't talked about before? >> we've thought most of the u.s.-based food companies have been pretty fully valued but one of the things we learned this year was how much more people were willing to pay for emergin

. >> qualcomm long. >> joe. >> stay long tj. >> "power lunch" starts now. >>> scott thank you very much. we start with breaking news from san francisco, apple holding an event. we expect some big news throughout the hour mainly focused on a new tablet device. i'll be focused on the consumer side of the story. sue is following the stock side of the story. sue? >> good to see you, ty. apple shares are little lower. there was some computer based selling in the high flying names, apple one of them. there's a look at general electric as well, it got hit a little bit. down almost 1% on apple as we get ready to start that event. in the last year the stock is down 18%. it has recovered as i mentioned in the last few months. since july, it's up 30%. but it if you have held the stock for five years, you are up a full 435%. so obviously that was a winning bet. josh lipton is angering our coverage from beautiful san francisco. over to you, josh. >> yeah, sue. we're here at the event just about to start as you said what we're expecting here apple to unveil some new ipads. the questions, though, the

qualcomm up 2600% that year. yes, it was a bubble but still, some of those stock appreciation gains are interesting. you fast forward to today, 2013, the nasdaq is up maybe around 30%. some of the big names out there are still showing signs of life. think about names like solar city, think about names like tesla, both elon musk related companies and other big names are showing signs like netflix. is it de yja vu all over again. >> right now want to get to josh lipton. hearing about the ipad mini and give us the pricing. >> yeah. that's right. headline just crossing about the ipad mini. give you those features and pricing. first of all it's going to be outfitted with that high definition retina display, a big deal, the screen is a lot sharper. also going to run apple's new 64 bit a 7 chip that means it's going to handle more data quickly. the biggest deal of all, because it means it's a first-class ipad as of today. the battery life 10 hours, the price, the ipad mini with the retina, $399 and the original ipad min

a jury found qualcomm did infringe on its patents. back to you. >> to the bond market.ick santelli tracking the action in chicago. >> thanks, tyler. a two-day chart of tens pretty much says everything you need to see. down about 6 basis points and earlier in the session the 5-year and short mary tourties were leading the way, but the ten-year has caught up to some extent. keep in mind, how much of these moves have been due to weight going on in d.c. can be debated but in treasury's case it wasn't a lot. we had the well worn range of 260 to 265. we're somewhat back in it as you see on the chart to august. dollar index see a two-day chart of that. down boat loads today. much being blamed for what is going on in washington. i personally blame the weak employment reports. the chart reflects the slide that started after the july report which was the weakest in 104,000 in two years, down 5% before we hit the end of september. but we did add another 1% since then. melissa lee, back to you. >> thank you. >>> the power house, we travel to the top real estate markets in america a

i would stay away from qualcomm. it's no angie's list, it's a good company with a lot of money, but that note was very -- disconcerting. >>> okay. brace yourselves, more pain on the way but take comfort in the fact things were better than they were in the last two crises because the economy was better. the economy was real bad in this one. "mad money" will be right back. >> coming up -- supersize shale? everything's bigger in texas including what could be the second largest oil discovery in the world. tonight, cramer's got an exclusive with the company at the center of this new source of american energy. the ceo of pioneer natural resources is next. and later, diving into default? >> this is the credit worthiness of the united states we're talking about. >> while d.c. battles it out and puts the entire global economy at risk, cramer's flipping the script. don't miss his list of companies that could capitalize on the chaos in the capital. >>> plus, heart of glass? looking for a way to play what's next in tech? cramer'

qualcomm has more components within the iphone 4. the sensors, fine.g about this, mirana. the power manager, they have a company, dialogue. that's the stock to watch, qualcomm, and then the main flash. there is toshiba semiconductor. all of this coming down. what you're seeing right here as we go through each little piece of the iphone is the completed -- that's my phone, by the way, and this is micron, the finger sensor. this is, of course, if you don't sign a contract. fourteen analysts raising their price target on apple today, dennis, so people are saying buy apple, but take a look at the other names as well. dennis: all right, thanks, cheryl. what's bugging me is our know-nothing president. never before has a president who is said to be so inordinately brilliant claimed to be so clueless on what's going on in his own house. there he was on the front pages yet again yesterday morning: obama unaware as u.s. spied on world's leaders. for five years. and so it goes. obama unaware of web site flaws before rollout. obama unaware irs targeted tea party c

. >> i like the electronic records, but there's also something, a company like qualcomm which has benefitedm making the chips in our mobile devices, the cell phones we all use. they're backing a clinical trial right now whereas you can insert a sensor into your bloodstream and it will tell you you've got to go to the doctor, you're going to have a heart attack in two weeks. this is pretty extraordinary what's happening with sensors. >> there are amazing applications that are being developed now like the one you discussed that have the possibility of revolutionizing how we can give care from a distance? we're going to have to see whether those are as efficacious as we hope. >> i love it, the technology changing things. thanks being on the program. >>> she's call whisper. >> what is in a name? the woman behind jimmy choo is restarting on her own. designer tamara mellon talks me for a walk in her shoes. >>> welcome back. british designer tamara mellon may not be a household name, but the luxury shoe brand she created certainly is. that would be jimmy choo which was privately sold for some $800

. >> qualcomm, doing great. finally going through 17 and stay there. >> next, tony james selling blackstone stock this year. should you be buying what he's selling or a sign to get out? investors worried about correction in the u.s., seeking profit elsewhere. unknowingly making bets with too much risk? with fidelity's options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. see who does good work and compare costs. it doesn't usually work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i'll pay. that helps me, and my guys, make better de

other apple suppliers at the close today, qualcomm, broadcom, micron technology and sandisk a littlein klein are certainly well. foxconn and pegatron which make the iphone, they log ad 20% year on year jump in sales in september. hand-sets exported from china rose 30%. these results loop back to help apple because of great numbers. societe generale upgraded apple shares to buy from a hold. correlation between iphone sales and chinese export values bodes well for apple stock. cheryl, dave. david: thanks very much, jo. we're a week away from halloween but hardcore fans taken a passion to pumpkin down to entirely new level. cheryl: how is that even possible? >> we'll explain how. cheryl: facebook and twitter question, did apple release anything today to buy an apple product or stock? your answers are coming up. ♪ my mantra? always go the extra mile. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 1

it's running a qualcomm snap dragon 800 processor, means it's the most powerful nexus phone yet.improved camera. smarter phone tiler. price $349 without a contract. it's available today on google play in ten countries, available at sprint, t-mobile, amazon and best buy in the coming weeks. it is halloween, maria. i don't know if you're a fan of the kitc-kat candy bar. that's the name they're giving it. we had ice cream sandwich. jelly bean. now kitkat. the point, keep expanding its footprint. they tell us kitkat uses less memory than jelly bean. a new operating system, but it's running on entry level phones. the broader purpose here, google is saying, is to reach the next 1 billion people. guys, back to you. >> love it, josh. thank you so much. good name. >> where are we? 45 minutes left in the trading session here. the dow wants to come back. little volatility at the close. down just a point and change on the industrial average. closing out a very strong month. almost a 4% gain for the dow. 5% gain for the s&p just this month. >>> also going to check on gold. what's behind this

stuart: no qualcomm women in the senate. nicole: absolutely.to support women's ability to compromise. i am all for guys, ibm. since the 1970s, you have seen the role of women in congress. they have a great ability to compromise and make it traders. stuart: i am all for guys. direct quote from nicole petallides did. >> nancy pelosi. you have people that are lousy compromisers on the female side as well. >> i think you are right. the two the market is waiting. we have been waiting for speaker boehner. olympic gold medalist, gymnast, a winner on the balance beam and in the business world she is reinventing herself successfully. she is joining us right now. ♪ sometimes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities. wenable you reach global markets and dre forward with broader possibilities. cme group: how the world advances. se the special psyllm fiber in metamucil actually gels. and that gelling hes to lower some cholesterol. metacil. 3 amazing benefits in 1 super fiber. he to we aae still waiti

intel, qualcomm, apple and samsung all making big bets. in san francisco with some edgy ideas john. >> if there were movement in washington some of this technology would be able at the conference, not just watches but about sensors and the software that helps communicate what those sensors are measuring about your sleep, about your exercise. things like that. take a listen to what one of the ceos in this company had to say about what he's looking for in the future of wearables. >> we want to be in the software industry and run technology that can help people not just read your text messages and see you have a phone call coming in on your wrist, but help you understand how your behavior is faegting your overall performance. >> he's talking about companies like apple and google there. the companies that will provide the platform to allow a lot of this technology to really take off from the folks i've been talking to here, the idea they are having to make the devices but once somebody cracks the code, gets the ipod of the wearable market and

five-inch display, weighs 130 grams, so pretty light, running a qualcomm snapdragon processor means it'she most powerful yet. when you play around with it, it has an interesting feel, the back and sides almost feel kind of silky. it has an improved camera, a smarter phone dialer. the price, $349 without a contract. it's available today on google play in ten country accident available at sprint, t-mobile, amazon and best buy in the coming weeks. now, the phone is going to be powered by kit kat, new operating system. these versions are alphabetical and named after desserts. you had ice cream sand, jelly bean, now kit kat. the point was trying to expand android's footprint. kit kat is actually using less memory than jelly bean. it means it's a new operating system, but it can run on entry-level phones. also a new cloud storage framework, new wireless printer framework. the broad goal here, google says, expand that reach to the next 1 billion smartphone users. guys, back to you. >> wow! i think -- good report, josh. one other thought i had is that the names are just silly. we used to get exc

but quickly remade it in california in the 1980s with a timely investment in a new company called qualcomm> for me because of my middle eastern background they wouldn't let me in. i think it definitely did light a fire in me that one day i'll be on the other side of that. i think only in america you can really feel that -- really that evolution happen so fast. >> reporter: nazarian now controls the velvet rope but the king of night life who hopes to give vegas a run for its money. for "cbs this morning," ben tracy tracy, las vegas. >> sammy boy entertainment is on to something. everybody wants to go to the next great place. >> this is what caused 2 fi >>> your realtime captioner is mrs. linda m. macdonald. >>> it's 8:25. time for some news headlines. there's still no word on what caused two fires on yerba buena island last night. firefighters were still checking for hot spots this morning. there are no reports of damage or any injuries. >>> two bay area men have been awarded the nobel prize. professor randy shekman from berkeley along with stanford's thomas suedhof and yale university's ja

shares of qualcomm are slipping. bank of america, merrill.s revenues and earnings per share pressured by slowing smartphone sales growth. >> and we're entering day seven of the government shutdown. stocks are taking notice. slipping this morning as congress remains completely divided over the government shutdown and debt limit. try to figure out what happens next and what it means for investments. >>> big changes are coming to microsoft as ceo steve ballmer gets ready to step down. an executive on the short list to replace ballmer in a few minutes. >>> high frequency trading a problem for the markets? the commissioner thinks so and he wants to do something about it. we'll talk about that with s.e.c. commissioner dan gallagher coming up. >> we start in washington which is clearly still the focus of world markets. it's day seven of the government shutdown and both parties are still hopelessly gridlocked, making any kind of resolution seem further than ever off. john harwood in washington from where he joinses now. is it fair to say, as aresult

it's going to be using a chip from qualcomm on that phone.inent maker to use intel's chips is motorola. >>> we are less than half an hour away from the latest jobless claims numbers. they'll be out at 8:30 a.m. eastern time. those numbers are expected to be up slightly from last week's reading. let's get a check on the markets. again, the u.s. equity futures have been under pressure this morning. the dow futures down by about 50 points below fair value, s&p off by about seven points. overseas in asia. you can see that the nikkei was down slightly. the hang seng up by 1%. and in europe, in the early trading there this morning at this hour, you see green arrows for the ftse. let's get back to andrew in chicago who has another special guest sitting down. >> hey, thank you, becky, we have two very special guests on a very historic day. this is the anniversary of the day five years ago that t.a.r.p. was approved. and we're joined now be warren buffett, oracle of omaha. i asked him before, are you ever sick of that? he said a little bit and hank sa

qualcomm was downgraded. the target is 75. even though it was downgraded it was upgraded. they're increasing trereal ogy. >>> let's get a check on the markets this morning because the markets are starting to set up. pay a little attention to what's happening in washington. after shrugging things off after the first week of the shutdown. the dow futures are indicated down by 123 points below fair value. s&p futures are off by 14.5 points and the s&p is down. oil prices down by $1.16. this is probably questions about what happens to the economy after a week or longer of a government shutdown. some estimates pointing out a half a percentage point and then we'll see beyond that what would happen. this is where you start to get into some kind of messy territory. we're not talking about a quick shutdown at this point. the yield on the ten year note is at 2.63%. dollar is weaker. as we pointed out you can see that it's down across the board. gold prices this morning, right now are up just slightly, by about 2.60. $1,360 an ounce. global markets reports. ross westgate is standing