keep in mind steve mallen cough, newly minted this year ceo of qualcomm, qualcomm the intel of the mobileity of the mobile chip revenue when looking at application processors, interesting dynamic, high-end smart phone growth has come down, he's had competition to deal with at the low end at the same time, so i asked him is that mobile marks tapping out, real growth there still, listen to what he had to say. >> compared to the growth over the last several years, which was actually in the probably 30% unit growth it's not going to be that high. but it's still going to be high. we've talked about this in terms of expecting double digit growth in our business. but remember, the smartphone is not done. in the next five years there will be 8 billion new smartphones that come on to the market which is actually more than the number of people on the planet right now and a big portion of those smartphones will actually have wearables sitting in a sea of sensors or interacting with cars. we look at this as just the beginning of where we can take smart phone and smartphone technology. >> now, the big

a company like qualcomm. like a cisco. >> could be. yes. i don't think it's going to affect the stocks. but you know, china can come back and say listen, the snowden stuff, you guys are doing the same thing. so either there's no credibility with him, which who knows, or everybody's playing the same game. so i think you know, we're maybe going down a road we might not want to go down. >> qualcomm's been under heat for a long time for this whole abuse of antitrust thing. >> if you think it's heat now, do you think it gets worse because of the wild card now that china could retaliate? >> i think a lot of guys in china -- >> kate spade is a high-end retailer that beat the street in the first quarter driven by a surge in sales toyotas core brand. the luxury brand is looking to make some big moves in asia. craig levitt, the ceo of kate spade, joins us on set for a cnbc exclusive. plus dennis gartman sounding the alarm on u.s. markets and make something big adjustments to his portfolio. we've got the details after right after this. in today's mark

qualcomm is hit by hackers. android users to upgrade over the next few days and reenter their names and passwords. as of now, this is limited to android users. ory do not steal passwords financial information. and removing ibm's servers and replace them with chinese brands according to people familiar with the brand who think china is worried about national security. the u.s. and china have been involved in a dispute since chinese officials were charged with cyber espionage last week. and former microsoft ceo steve ballmer is interested in buying the l.a. clippers. surrendered and role of the team to his wife after being for life after making racist comments. i want to turn to my special guest host of the hour. of guitar former ceo hero. rentits on the board of the runway. dan, always good to have you here on the show. >> great to be here. >> i went to check on chegg. >> how is it going? >> it is going really well. the stock market is confusing. >> it is down. >> we went down before the rest of that tech market

i look at the dividend growth for qualcomm.ompanies like apple and qualcomm that are increasing their dividends a substantial mount gives a strong sign of future management. where wet is a mission have been buying on weakness and still have a very long-term positive outlooks on qualcomm and apple. and talkturn macro about where inflation and bond yields are heading. mike mckee, our economics editor, has comments for comical he. -- for paul macauley. we're going to replay that in a few minutes. basically what he was saying is there is this new neutral out inflation will grow slowly they do not have to raise interest rates as much. thatave to think about how is going to affect valuations going forward dineequity market. the fed isthink expected to raise interest rates. when you look at why the 10 year -- a lot of it has been due to the pending ecb action. i think the dividend story is that you look at trailing pe valuations for the dividend paying stocks, they are very cheap. the nondividend paying stocks are back in 2007. it giv

as for some of the big movers, look at apple and qualcomm. there is a goldman report out that talked about china's lte prospects, and they actually think that apple and qualcomm could be big beneficiaries of that. boy tech is another area of strength we are seeing today. gilead and amgen leading the index higher, one is a big meeting today, waiting to see what the latest data is when it comes to cancer drugs. back to you. >>> thanks, shielda. let's look at the bond market. the ten-year bond -- and it's kind of holding at those levels. rick santelli is with us. >> hi, sue. i know everybody is debating and everybody seems to want to blame kiev and the ukraine, but i think there's so much more into what's going on with interest rates. remember, it started, you know, not in march, mid march when they had the referendum. not in the third week in february when all that really started hitting the news. it basically started after the streamers came down on new year's eve. as you look at intrasee, see it was down to 252 yield, now hovering at 254. loo

. >> yeah, we're not big traders, but we exited apple now 650, put the money in qualcomm because qualcomm's ubiquitous, and it was a shash -- who's getting the market share. we went back in the low 500s, got lucky, smart, say what you want, we think it will be the mid-600s, and we think it's attractively priced. free cash flow. more intelligence use of the capital than they had a couple of years ago in terms of returning money to shareholders. >> what's the size of your position in apple? how would you characterize it? >> 1.2%. something like that. >> okay. >> our big position -- i think the biggest position in the fund is sprint. we have a minority view. thanks to my partner, john abram, we bought two. we thought spectrum was more valuable, a huge win for us last year. we have a minority view. we think the government should allow sprint and t-mobile to merge, that the consumer is substantially better off with three strong competitors rather than two strong and two weak. and if t-mobile and sprint are allowed to merge, the consumer will be benefited and you're talking about billions, $5 bil

fix-it, the one-step process it takes to make computer chips through qualcomm and broad com. the trainer says they have the mechanical and critical thinking skills needed to keep the very expensive automated skills on track. >> we're talking two to three million for a piece of equipment. >> there is a new hire with 20 years experience as a technician, although his technology changes kosi s quick. so too do the skills. >> it is like learning to walk. >> reporter: a small step in building a high-tech work force at home. for "nightly business report," i'm mary thompson in malta, new york. >>> to read more about global foundries and the high tech work force head to nbr.com, our website. >>> and u.s. factory orders rose 1% in march. you would think the markets would take off today. but the escalating violence between russia and ukraine had investors on edge keeping stocks on the down side boosting gold prices by nearly $20 an ounce. wrapping up a week on wall street, one that saw the dow close at a fresh all-time high on wednesday. the blue chip stocks ended the day 46 points lowe

a big payday for qualcomm executive chairman paul jacobs.worth of restricted stock. last december, he said he would step aside as ceo. hacking attacks are boosting sales at symantec. it issued a revenue forecast for the fiscal first quarter. research says spending on security software and equipment will rise from nine percent this year. >> good morning, everyone," bloomberg surveillance." you look at the technology space and where we are going in 2014 and i think you see on the calm and the rest of it, it's just a jumble, completely wrapped around cheap money. part of the jumble is leadership in the ceo suite. we have a chief executive officer who is much more of an entrepreneurial business than the blue chips, irwin simon is with us. how would you describe haynes celeste teal? >> i am founder, ceo and president. i was there day one when it started. and whatre about companies missed today is you have to build around brands. , brand cannot go into so many different categories. you're talking about whole foods. as a founder, i'm a visionary an

paul jacobs is the chairman of the far-flung technology and communications company qualcomm.ork over more than two decades has unlocked the key to much of the mobile society we experience today. we talked with paul about his career, his work, and his vision for the inner connected future. major funding for "revolutionaries" is provided by the intel corporation. >>> so let's take a step way back to your early career and i'm interested in knowing about your early influences, because

qualcomm is hit by hackers. they're asking

tablet in new york on may 20 according to people with knowledge of the plans who say they will use a qualcommhip for the very first time. microsoft will also unveil other service models in the event that are powered by an intel chip. to is extending its contract broadcasting via webex in the united states. comcast network will pay the international olympic committee more than $7.6 billion for the rights to every olympic game through 2032, including pay tv, mobile, and web viewing. it extended its deal after turning a profit on associate games in february. to our lead story of the day, alibaba's ipo filing show the chinese commerce business is the big cash king in the whole company. china commerce brought in sales of $5.7 billion for the last nine months of last year, accounting for 87% of alibaba's total revenue. the bulk of that revenue is made by teeth -- two sites. consumer to consumer site where people buy everyday goods, kind of like ebay. you could bar -- bargain. the other is a business consumer site for higher brands like nike and apple. what alibaba did not do is break down how much

qualcomm is hit by hackers.re asking android users to upgrade over the next few days and re-enter their names and passwords.

he's talking about apple, qualcomm and the like. so my question to you is there was an interesting report saying that 24 of the 30 largest internecessarily stocks are back to oversold territory, particularly names like groupon, et cetera, do you agree and does it mean that you get in at these levels? >> there's a lot to that question. i would agree with matt that dividends are important. i think trying to find that balance of return in safety in dividends as a total return play is a good idea in technology, but you know, i think some of the growth stocks have been oversold. clearly the markets, speaking generally, may be oversold, but there are names within that are fantastic being sold off that we would believe orb long-term economic opportunities -- yeah, they trade at high multiples, but there's a reason they're at high multiples, and the growth rates are mirroring some of that. you have to take a chance to capture that growth. >> michael and matt. >> it's not as easy. some companies aren't growing, so it's not easy to pick any m

resolution of standard hd, an updated camera with laser autofocus, also android operating system, qualcomm's latest processor, 3 gigs of ram, 32 gigs of memory. it also has a snap-on case, you can see it's a circular window. the point of that is functionial. i can assist all the basic financials without having to open up the phone. lg not giving us a price just yet, but it will be coming to the u.s. later this summer, available on all the major carriers, as well as best buy. if you look at lg's share of a gloobl smartphone market, around 4%. north america around 10%, laden american around 10%, but maybe with the g3, they can make some headway there. >>> it looks like it's never been better for ceos. for the first time ever, the meanian pay of ceos top the $10 million. that's the median. that's the finance question of the day. 14% say if the stock is going up, so should the pay. 30% say if the revenue is going up, so should the pay. 55% says ceo pay needs to be capped. mary thompson has the staggering stats. first time above $10 million. is that ten figures? eight. >> eight figures. >> you ge

and triple-a and qualcomm and abbott labs has a pretty good dividend here. we've been waiting for this long correction. it's been the most anticipated correction that hasn't happened, right? for years now? >> absolutely. >> maybe this will trigger it. everybody needs to pay attention. stock markets go down at times. that's not a horrible thing. they have to correct. they let a little air out. this is no reason for panic. be cautious, this is an expensive business if you get it wrong. >> absolutely it is. well said. appreciate it. >> over to you, ty. >> yields on the 10 year note hitting seven month lows and breaking below 2.5%, as sue mentioned moments ago. a look at the 10 year yield and there it isback below 2.5% a smidge at 2.45. what is driving yields down? steve liesman is here with three very good reasons. >> and why they might go lower. the school of thought, not the conventional wisdom. first, i want to show you the data we have today and emblem attic we've been getting all over the place. jobless lower than expected. inflation, same, as expected. an

the qualcomms of the world have huge upside potential as they get over the hurdles. >> i think xilinxis up 37%. we own it and been suffering through it because the position is positioned very well for the children build-up >> one i had screwed up was nxpi recovery, they're tied to it and continues to move higher and higher. >>> our next guest manages $20 billion and preparing to do it in a fed-free market. ron sloan is invesco's senior portfolio manager, joins us on set. great to see you at our headquarters. welcome. >> pleasure to be here. >> fed-free world, jumping the gun, they're still in the game. when are they leaving? >> we have to anticipate. earlier, rick in stocks was saying they have to call the 10 year-year old. i've always been in bonds and have a bond complex, inferior to those guys. the stock valuation fed led world is done, i think that's over. whether it was the little blip we got in inflation last week or the taper ending in the fall, we're going to move into a market of stocks which is a stock picker's market. that's narrower market by definition. i think it allows

our stocks that pay a dividend like apple and qualcomm are the best place to put new money to work? plus, who would have thunk it, investors buying penny stocks at the fastest rate ever. we'll speak with a couple of market pros about what is driving that surge and whether it's a good idea. >> and in our continuing series on the rising cost of health care, one of obamacare's architects, sew eke emanuel tells us what needs to be done to get skyrocketing drug prices back down to earth. stay tuned. more coming up on "closing bell." ameriprise asked people a simple question: in retirement, will you outlive your money? uhhh. no, that can't happen. that's the thing, you don't know how long it has to last. everyone has retirement questions. so ameriprise created the exclusive.. confident retirement approach. now you and your ameripise advisor can get the real answers you need. well, knowing gives you confidence. start building your confident retirement today. honestly, the off-season isn't i've got a lot to do. that's why i got my surface. it's great for watching game film and drawing up pl

qualcomm is the second largest company without any long-term debt.r one, most valuable company with no long-term debt that would be social media giant facebook. they don't need it. they have all the cash coming in. liz: nice. no debt. what if you could get paid for delayed flight or lost luggage or even missed connection? you heard me right, get paid. now you can. buffett's berkshire hathaway has launched a new travel insurance product, air care, that pays you when you are inconvenienced. for domestic flight, for example, the insurance costs a flat fee of $25 which can be purchased, listen to this, up an hour prior to your flight. so say if you're flight is two or more hours late you can get paid $50 regardless of the reason. or did the airline delay your checked baggage more than 12 hours? you can collect a payout of $500. tarmac delays, those are nightmares, right? if you're stuck two hours or more, the insurance pays out $1,000. finally you can pocket a massive 1500 bucks if you're stuck on the tarmac for two hours and you miss a connecting flight

the technology sector, as i look at etf, qqq, where i can own apple, i can own google, i can own qualcomm as a big chunk of that qqq etf. i like the technology sector. liz: you are not spooked by the fact that they have pulled back some? >> i'm always spooked. most of our investors are retireees. i'm always a little nervous about the market. i feel comfortable three to five years. liz: pullback, it is minor in the some of the names. but again in the aggregate it looks pretty healthy. >> yes it does. i think the manufacturing is starting to pick up a little bit. some of the housing numbers have been a little bit better. i do think we're in this slow, trudging along recovery, if you will. and i think markets have a little bit to go certainly through the rest of the year. i don't think it will be a huge year. david: oliver, let me talk about one of the stocks in the qqq. that is apple. we'll talk in detail bit coming up. because price targets are going way up for that stock. is it too late to get in on the apple band wagon? >> no. we epdon't think so. we like apple. i remember talking about

he went to a fundraiser at the home of qualcomm's cofounder. before his event in san diego, he was in los angeles. he held a private roundtable meeting at the beverly hilton. another intimate event designed to raise money for the midterm elections coming up. it cost $32,000 to attend that event. >>> tonight strict new rules from the feds for trains hauling large amounts of crude oil. but did they go far enough? one leading bay area scientist tells our don ford, not really. [ chanting ] >> reporter: from berkeley protests to benicia meetings, folks are worried about trains loaded with potentially explosive crude oil passing through their neighborhoods. >> i can't even imagine what would happen if there was a major derailment and explosion right at this pharmaceutical plant. it's just -- it would be devastating. >> it's kind of not a question of if there's going to be an accident. it's when. >> reporter: kpix 5 first learned earlier this year of plans to have 80 to 100-car trains passing through the east bay heading to refineries carrying the sam

qualcomm with the buildout going forward when you look at china. on the topic of what they were talking about, facebook, because of the engagement, the issue i still have with twitter is they have been struggling with engagement, they've been struggling from that aspect of it. you look at facebook and that's not an issue. over a billion users. act i users of this product. that's why i think it's going higher, scott. i like facebook. nothing but activity looking for more upside. friday as well as today and yesterday continually there's paper in there telling us this stock is going higher. >> riverbed, just has to be technology scott but le is getting to a heated battle. the board did not exactly get endorsed in a shareholder vote. so with $21 bid on the table and bring more at an option. i'm going riverbed. >>> where is that spring snapback everybody was looking for in housing? we're bog to have bill who says look around, it's already here. mcdonnaald'nall announcing plan return 20 bil to shareholders. >>> valean raising the bid for botox maker alle

they need to be learning on qualcomm technology and intel technology. >> anita, a comment. >> i thinkthis conversation is a perfect example of your question, david, which is america versus washington, right? because will is talking about looking for solutions without actually looking for a political party to provide those solutions or saying one side is right and one side is wrong and it gets to washington it immediately devolves into the political party. i think what's interesting about education and education policy in this country is that increasingly everybody is discovering it isn't one size fits all and there's room across the board for charters. there's room across the board for different styles within the public education system and that this goes a little to what the congressman was saying, that the more flexibility you have in the system the better off you're going to do, but rewarding entrepreneurs whether they're in education, whether they're in manufacturing, whether they're in technology is something i think this country has always done pretty well at. and so the questio

lex i know the qualcomm chairman has mentioned that to me as well. lots of the titans and technology and operators, hardware and content looking to the future. think you guys so much for being good sports and your insight. -- thank you guys so much. >> a live picture from the senate office building on capitol hill where this afternoon, the alliance for health reform is that you host a discussion on how states are handling the gay expansion under the health care law. panelists will focus on two states -- arkansas and michigan. just aget underway in moment. we will have live coverage when it starts at 12:15 eastern here on c-span. the u.s. house is on break this week. they will be back monday, may 19, but the senate gavels in at 2:00 eastern. senators will work on an energy bill that will provide incentives to promote energy savings and buildings. per seadrill limited set for 5:30. see the senate when a gavel and it 2:00 eastern on our companion network, c-span2. as we wait for that escutcheon, we will take you eight -- to a discussion on the recent im

qualcomm is headquartered here, and it's the birthplace of pro golfer phil mickelson.at city? and this will be your premium right here. sorry to interrupt, i just want to say, i combined home and auto with state farm, saved 760 bucks. love this guy. okay, does it bother anybody else that the mime is talking? frrreeeeaky! [ male announcer ] bundle home and auto and you could save 760 bucks. alright, mama, let's get going. [ yawns ] naptime is calling my name. [ male announcer ] get to a better state. state farm. [ male announcer ] get to a better state. don't just visit hawaii. visit tripadvisor hawaii. with millions of reviews, tripadvisor makes any destination better. >>> welcome back to "power lunch." a good day for the discount retailers led by dollar tree. the best performer in the s&p 500. its shares moving higher after posting better than expected first quarter profits on an increase in sales. it says its strong comparable store sales in april has continued into this month. rivals family dollar and dollar general up in sympathy, tyler, with those moves. back to y

a big payday for will come executive -- qualcomm executive paul jacobs.step aside as the ceo. hacking attacks are leading to more sales at symantec, the biggest maker of antivirus software. they forecast first-quarter revenue that beat estimates. they are shifting from desktop to mobile devices. radioshack plans to close as much as 1100 stores to cut costs, and now the company will have to shut down a lot fewer of them because they are not gotten the go-ahead. that is the latest in tech and media -- catch all of the latest in tech and media every day at 1:00 p.m. eastern time only on bloomberg west. you missed we are if away from the opening bell on this friday. we had a top 10 trades you do not want to miss. keep it here on "in the loop." ♪ >> first. bloomberg. >> welcome back. you are "in the loop." i am betty liu. it is 26 minutes past the hour. bloomberg tv is on the markets. scarlet fu has the latest before the open. >> it looks like we are headed into the opera lower with points.off 1.5 we have wholesale inventories at 10:00 a.m. after the market op

satya nadella expected to unveil a smaller version of the today with a qualcomm processor. cory johnson is in new york. if you fail to make an ipad killer, try to make an ipad mini killer? >> go small or go home. microsoft has failed in the marketplace with the surface. the push of a push of a push and are trying to the corporate deals and big sales in a large institution. they are spending a fortune on marketing and getting this out there in the public eye. they are getting product placement and every possible tv show they can get it into. to make it seem like people are using it but in reality people are not. >> fundamentally is it not a good product? >> one of the things we see havening is market leaders this experience with certain apps and they want to stay with them. the product has not been as good as the ipass. i would not be surprised if microsoft catches up. their funds are fantastic but they have not caught on in the u.s. >> do they need to do more marketing? what is it that they have to do? >> a recognize that the biggest change has been a movement away from the

the resolution of standard hd, updated camera with laser auto focus, android operating system, qualcomm'sam, 32 gigs of memory. it also comes with this snap-on case that has this circular window. the basic point is, you can run through the basic functions of the phone without having to actually open the phone up. lg isn't telling us what the price will be just yet but the phone they say is going to hit the u.s. sometime later this summer. it will be available on all the major carriers as well as best buy. if you look at lg's share of the global smartphone market, it's at 4% according to idc. different regions, different areas of strength. north america, 10%, latin america, 13%. in asia, just about 1%. but maybe with the g3 and these new bells an whistles lg can make head winds there. josh lipton, cnbc, san francisco, california. >> nbc's brian williams spoke exclusively to edward snowden in his first iner to view. the whistle-blower told brian how he worked as a spy at all levels. >> well, it's no secret that the u.s. tends to get more and better intelligence out of computers nowadays tha

service the multi-million dollar machines that applies coatings to equipment made for clients like qualcommit's a job even with his experience requires constant training as technology evolves. >> first of start crawling and walking and running, and the same thing with this. >> reporter: finding technicians has been difficult. the company has partnered with local community kejs to set up training programs. it's also reaching out to local high school students, telling them about the opportunities in advanced manufacturing if they have an interest in me nannics, knew matics -- an interest in mechanics, pneumatics or other i.t. global foundries is drawing from local four-year colleges like rensselaer polytech, the alma mater of new hire kevin handley. >> my main goal was to try to stay local in the area so that was a big thing for me. >> reporter: another big thing is what they pay here at global foundries. on average their workers earn $90,000 a year, plus benefits. that's nice clean work if you have the skills to get it. back to you. >> that's a great salary for that region, mary. thank you v