forhat is good news qualcomm. that is a big part of qualcomm's business.eating issues detected by the korean company during its testing. that pushed up the shares of qualcomm. 3.5% overnight. not all the chips will be using qualcomm. use af galaxy seven will 20 chips. the remaining half we use samsung chips. news for samsung as well. yesterday, samsung released a statement that said they will -- mass production as well as the latest a 20 chips. this in a press release is unusual for samsung. that means the semi conductor business is a raining back qualcomm. also losing some of their galaxy seven chip orders. we will only find out. coming up next, the president of taiwan's time is coming to an end. who will replace him? a look ahead at a landmark election, when "trending business" returns/ ♪ shery: welcome back. the world anti-doping agency bodythe athletic governing must have known about the extent of cheating in russia. they describe a russia as a doping haven and laid blame on the council. the report attacks a lack of political appetite for confronting r

qualcomm's ceo coming up next, guys.ack to you. >> we'll see you, john, in just a few moments with that interview. john fort and the ceo of sony from ces. coming up, more on apple stock woes and the status of facebook occulus preorders. markets closing in europe in less than 15 minutes. we'll have the market action on a big day for the markets. a volatile day with a lot of geopolitical issues. you won't want to miss the european close. squawk alley will be right back. zimplt welcome back. contributor john steinberg, formerly ceo of the daily mail north america. happy new year. >> happy new year. >> you have some big ideas when it comes to apple. we should mention is holding up today. >> absolutely. if you look at the other line of revenue, you're looking at $3 billion. up 60% for 2015. their year ended earlier because of the holiday. that's a massive amount of revenue. it's a massive amount of growth. the stock trades incredibly cheap. right now people are saying they're over. they're out of ideas. what company is $3 bil

so qualcomm, we have two interests here. so qualcomm's the world's largest manufacturer of chips for mobile devices, smartphones, tablets, and the like. if you're not familiar with us. we sell hundreds of millions of chips each year, and hundreds of millions of those chips have wi-fi in them where leaders in developing the next generations of wi-fi. so we're driving wi-fi, better versions of wi-fi as quickly as possible. as a company, we're absolutely dedicated to better, faster, mobile broadband, ubiquitously, even in the hills of pennsylvania. that's on the one hand. on the other hand, we really do view the car as a smartphone on wheels already today. we work -- we're working very closely with the car industry and were early -- one of the early developers of dsrc. when this issue first arose, we were dedicated to -- no pun intended there -- to both accommodating wi-fi because we know that everyone wants better, faster wi-fi, a. b, to do so in a way that supported the rapid proliferation of dsrc. we're proponents of drc and

so, qualcomm, we have two interests here. so, qualcomm is the world's largest manufacturer of chips for mobile devices, smartphones, tablets and the like, if you're not familiar with us. so we sell hundreds of millions of chips each year. and hundreds of millions of those chips have wi-fi in them. we're leaders in developing the next generation of wi-fi. so we're driving better versions of wi-fi absolutely as quickly as possible. as a company, we're absolutely dedicated to better, faster, mobile broadband, ubiquitously even in the hills of pennsylvania. that's on the one hand. on the other hand, we really do view the car as a smart car on wheels today. we're working very closely with the car industry. and we were one of the early developers of dsrc. so, when this issue first arose, we were dedicated, no pun intended there, to both accommodating wi-fi, because we know everyone wants better, faster wi-fi, "a." but, "b," to do so in a way that absolutely supported the rapid proliferation of dsrc where absolutely proponents of ds

i spoke to qualcomm ceo. are reading too much negativity into apple's report on china. he said he is feeling apple is feeling the slowdown qualcomm has been talking about and adjusting to for months now. there is continuing strength at the low end of the smart phone market where people are trading up from future phones and there is opportunity later in the year as the availability of faster lte wireless networks expands globally beyond where it is now and customers buy handsets to take advantage of that. themes starting to emerge. if your business relies on pc or smart phone sales, it's been a rough season. see intel, apple or samsung. if you sell a service or product winning on mobile, chances are you are doing fine which brings us to amazon and microsoft. microsoft, analysts looking for $25.3 billion in sales. trends cut both ways on this one. enterprise spending looks weak based on intel and ibm result. pc sales are to the so hot. cloud momentum has been driving valuation. if those look good, the other stu

we've got a conversation with the qualcomm ceo. first went ahead of her to the markets desk for julie has a chance of today's market activities. julie: so much for the bounceback in for the reassurances about it's not a big deal the first day of the year being down. it's just three days and we are setting up for the worst week in quite some time for the major averages. they all declined in the neighborhood of 1%. nasdaq has been doing the best of the three. it's an energy led selloff. energy stocks are down the most by far. in the neighborhood of 3%. materials also declining. again.ties-lead all the groups are lower. pc a slice of consumer discretionary. that is the media groups. look at oil prices specifically. they are pushing below $35 per barrel again. for brent is the lowest price 11 years. for nymex crude is the lowest in six years. we have inventories today. although we saw a drawdown in crude oil inventories there was a -- the outlet is going forward. there might be an eventual building crude oil as well. china is still in

qualcomm is reporting on wednesday. and one of the things you have to remember here, they got blown out during the last earnings call, mainly because of a lack of clarity in china. that china clarity has increased the last several weeks. they signed with several oems and also buying could have beeno, a supplier to apple. apple coming out with earnings tomorrow. corvo has been beaten doan one apple. looking for a relief rally, probably not as bad as everybody expects. >> comments? >> i agree with the qualcomm. i have had it since it was probably $65. and i think you know, the catalysts there are there. the royalty payments are coming. i think this is a company that has great balance sheet and you're going to see a couple more catalysts. you might even see potentially some management movement going around, because i think they do need some new leadership in there, as well. >> all right. follow all the action, cnbc.com/pro. coming up next, investors are loving mcdonald's, thanks to all-day breakfasts. how do experts feel a

qualcomm is the largest manufacturer of chips for mobile devices. smartphones, tablet from the legs if you're not familiar with us. we saw hundreds of millions each year and hundreds of millions have wi-fi in them, where theaters develop the next generations of wi-fi. we are driving wi-fi, better versions of wi-fi as quickly as possible and as a company we are dedicated to better, faster mobile broadband ubiquitously, even the pills of pennsylvania. on the other hand, we really do view car is a smartphone on wheels already today. we are working closely with our industry and we were early developers of dsrc. when mr. rose, we were dedicated to both the commenting wi-fi because we know everyone wants better, faster wi-fi. to do so in a way that absolutely supported the rapid corporation and absolutely proponents wouldn't be a part of anything that was trying to hamper it or interfere with it or heard it in any way. those two hunters are the genesis of our proposal. if you look at michael's chart, the upper megahertz will never be used for wi-fi becaus

this is after samsung walked away from qualcomm.ning back some of its business is an indication. the processor was not chosen for the galaxy models last year. it is time now for some poli-tech-ing, where politics and technology emerge. have you ever wanted to ask a candidate a question, but cannot make it to a town hall? now you can. change.org submitted a new platform where users can submit questions and easily find endorsements from the people and organizations they trust, creating a ballot guide to use at the polls. joining me is change.org's founder and ceo. great to have you back on the show. pretty much all the presidential candidates with the exception of donald trump have signed up to answer questions on change politics. but what is the motivation? how did you come up with this idea? guest: the underlying realization is that we now have an incredibly broken user experience in voting. people are subjected to an incredible amount of information about the horse race, about holes, and paid ads and do not get the information they

>> yes. >> spell it out for you. >> she was the producer for that. >> qualcomm getting -- qualcomm getting an upgrade to positive from neutral. a price target goes to 60. jim, you're in the name and long. >> remember the last earnings report. the stock was off 15% primarily because they withdrew guidance for the coming year, and that was based on a lack of clarity in china. since that time you've had at least five chinese companies sign contracts, and i think what the analyst is saying here is that clarity is coming back to china. they may get guidance reintroduced at the end of the month when they report earnings. look, i agree with them. i think this is a very attractive price to own the name. >> morgan stanley goes overweight on microsoft. raises the price target to $56. >> they went from 57 to 56 a share. that's a nice lift. it's top line growth. they go to azure and office 365, and they're talking about cloud, cloud, cloud. i think that's right. i think they have them moving in the right direction. >> visa or the master card which has been worse. >> what is american express down from

. >>> qualcomm upgraded from susquehanna financial from neutral to positive. the analyst there saying while the semiconductor company faces competition from the likes of intel, he believes the worst may be behind qualcomm and its stock. shares were off about a percent today to $46.10, but they've fallen nearly 40% over the past year. >>> gopro says its revenue for the fourth quarter will come in below expectations. slower sales of its action cameras, the company also cutting 7% of its workforce. shares of gopro flat today, but the news broke after hours and the stock was halted. when it reopened, shares dropped more than 20%. >>> $1.5 billion, that's the record jackpot in tonight's powerball drawing. people are standing in long lines for the chance to win the pot, even though the odds are slim, extremely slim. eric chemy catches the powerball fever that's gripping the nation. >> reporter: with just a few hours left to buy tickets in tonight's record-setting powerball lottery, people all over the country are lining up and spending big bucks to get a chance at t

coming up, facebook qualcomm and ebay among the others. we'll run thus those numbers to watch, coming up next. ♪ light piano today i saw a giant. it had no arms, but it welcomed me. (crow cawing) it had no heart, but it was alive. (train wheels on tracks) it had no mouth, but it spoke to me. it said, "rocky mountaineer: all aboard amazing". >>> welcome back. we mentioned the impact apple has had on this market. >> i know what you're thinking. what happened to the fang stocks -- really the fana stocks now. apple is down about 4.5%, but there's facebook down 2.5, getting ready for the earnings, and alphabet all down today. >> down almost 7% today. again we're going to hear from facebook and some of the other after the bell. in fact a title wave, and we'll have full -- julia boorstin on facebook. and josh lipton on ebay. let's begin with facebook. julia, what are we watching for? >> with facebook so massive 1.55 billion years, the key thing is maintaining the off of -- so facebook analysts expect 3.43% user. that would be a 15% increase from

in addition to that, there's just a generally slowing smartphone market hurting qualcomm too. >> julienew york. all right. alibaba, big quarter, 32% revenue gains. the chinese economy slowing down. alibaba is able to offset that, expanding into more and more rural areas and setting a record from back in november. brian is in new york. bloomberg reporter chen. since you got up so early, i want to thank you for that. tell me about what is happening in terms of the regional expansion of alibaba. >> well, on the whole, it was a solid quarter for them. you say their revenue grow by a third, beating estimates. profits doubled. the mobile rates were a highlight. more than 68% of the company transactions. in terms of expanding in rural areas, the company did grow in 12,000 rural villages. still a long way to go. but they have held to their promise, which is that they are expanding in china and also tapping into that growth for middle class chinese consumers moving up the valley chain. >> interesting. brian, when you looked at this quarter, we talked on bloomberg radio this morning, but tell me

the technologyon front, we are looking at facebook and qualcomm -- facebook coming out with an increases, and revenue. qualcomm forecasting second-quarter sales and profits ina fall short of estimates the face of increased competition in the smartphone market. the smartphone market is slowing. the shrieking market -- the shrinking market. betty: thank you so much. billy market -- julie hyman at the markets desk. next, creating choice. ♪ betty: live from bloomberg headquarters in midtown manhattan, you are watching bloomberg television. let's check in with bloomberg first word news. vonnie: the world health organization estimates that can -- it is based on previous number of infection carried by mosquitoes. one of the key engineers in japan has quit over a grass scandal. he took report says money from a construction company in violation of a political funding law. hurt withation could upcoming elections. u.n. advisors say passenger plane should not carried shamans of lithium batteries. batteries can spark fires capable of destroying planes. can issue a ban. 30 years ago, tragedy truck --

the qualcomm guys are pretty smart. usually we're fighting, but i agree they're pretty smart. in this case, they've said, yeah, you know we can split this up and do this just like they do in europe. in fact, we can -- because americans apparently have an obesity problem, we can even give you another ten megahertz. i don't see why we can't give time for this technology develop, for all of this to happen, by putting the life and safety things at the upper end of the band, letting that technology go forward, and still improve life and safety systems that are being developed by other people by expanding the availability of unlicensed use. win-win. so, my question really is what the hell kind of capacity do you need that the 30 megahertz proposed is not going to be sufficient? i mean, you can send a dvt signal on what, two megahertz capacity, it's not like your downloading medical files for life and safety after the accident. i mean, you're talking about, look, there's a deer, boom! >> do others have thoughts? otherwise i have a follow-up. >> that's hard to follow. >> well, then, m

world's biggest chipmaker qualcomm is teaming up for a new joint venture in singapore.in: we've seen a recent wave of chipmaker con solvation. to save on costs. as chipmaking becomes more expensive. it is also about research and development. a next-generation of integrated chip solutions for smartphones. tdk will have a substantial market share. devices beyond the smart phone that will require connection everything from robots to cars and drones. the potential market is huge. we have seen overnight a dip in shares of rival chip suppliers. such as sky works. in the longer term analysts see demand strengthening because as you see it becomes more advanced needccelerates we will more sophisticated chips for people to transfer all of this wireless data into. the joint venture will be based in singapore. sherry: coming out next, china's choice is good news for apple. more consumers are choosing non-android phones. we will have the latest details on that when trending business returns in two minutes. ♪ sherry: these are the top stories trending this hour. asian stocks are head

we have qualcomm's top patent lobbyist, they are totally against us on patent trolls. we present both sides of an issue, we try -- all the policymakers are out there in the open, press like you are welcome to attend and encouraged. we don't have too many secrets about what we do with the legislators. they're following the rules, they're doing their job. they have to be there, and those that don't go, in my view, are less likely to do a gad job legislate -- good job legislating or regulating. we're certainly not buying any access, they're just seeing the world firsthand the way they should see it. anytime a regulator gets out of washington, i think it's a good thing because hay need that experience to make -- they need that experience to make reasonable judgments. >> we talked about drones as one of the big pieces of technology on display at ces. another one looks like to me is virtual reality technology. there seem to be a lot of zones set up for vr technology. is that industry concerned about washington? you haven't heard too much from d.c. on vr, but i it seems like

i also wanted to mention qualcomm, as that company was also a lagger in the biggest single drag on thedaq. the chip maker said second mayter profit and sales estimates.of analyst there is increasing competition from hardware makers, now making chips as well. in addition to that, there's generally slowing smartphone market hurting qualcomm too. >> julie in new york. all right. alibaba, big quarter, 32% revenue gains. the chinese economy slowing down. to offset that, expanding into more and more recordreas and setting a from back in november. in new york. bloomberg reporter chen. so early, it up want to thank you for that. tell me about what is happening in terms of the regional expansion of alibaba. >> well, on the whole, it was a quarter for them. you say their revenue grow by a third, beating estimates. profits doubled. the mobile rates were a highlight. 68% of the company transactions. in terms of expanding in rural the company did grow in 12,000 rural villages. go.l a long way to but they have held to their promise, which is that they are expanding in china and also tapping into tha

nasdaq stocks are trading higher but the worst point drag on the indexes qualcomm.hares are lower after the company offered a profit forecast that fell below street estimates. the company expects to make between $.90 and the dollar. the street was looking for $1.02. one analyst says the issues are structural and are not going away anytime soon and competitive pressures could worsen. down more than 45% the its peak in 2014 on trajectory that makes you wonder whether qualcomm will find its lows from last decade. some of the big tech names trading higher -- facebook leading the charge. the company reported a great fourth quarter. right behind facebook, amazon is up nicely. week, amazon traded in a bear market on an intraday basis. those losses have been cut in half ahead of the company's fourth-quarter report. the amazon web services unit and the company's move into the cloud, the stock has been volatile, basically ending where it started suggesting that what we will see ahead are big swings up and down. betty: abigail doolittle at the nasdaq. sticking with tech news,

qualcomm shares down, take earnings week. ♪ back.: welcome here is your latest business flash. was theficial, 2015 largest for automakers ever. themost $11 billion for year. the big reason, rising sales of suvs and the f1 50 pickup. caterpillar will keep stealing the impact of the commodity slump for a while. they say sales and earnings will keep falling this year. in the last two years, caterpillar revenue has fallen by about $10 billion. for the first time, amazon will advertise during the super bowl. the commercial features alec pitchingnd dan marino amazon's echo wireless speakers. they are paying up to $5 million for 32nd spots during the game. stephanie? stephanie: that is so much money for a time when people are using the restroom. a little rapid fire with mohamed el-erian. we went to get his view on the number of things and you helped us with your instant bloomberg questions. let's start with u.s. treasuries, buy or sell? mohamed: fairly priced cold. david: should investors state in this point? mohamed: good question.

this mainline qualcomm through will come through in the next half hour to 45 minutes. eventually, the 417. hit the attractions. let' s play this one safe. there will be wind energy with this. be extra careful for the next half hour to 45 minutes. we will watch eastern sections of orange county, back towards northern sections of brevard and volusia county. let' s go and get more of the forecast component of what will be happening. by the time we get to 5:00 and 6:00, it is offshore. plans are going to be in great shape. it will be blustery and colder. let' s look at some of these overnight lows. upper 40' s for the majority of seminole county. upper 40' s here. updated, seven-day forecast, the story for the weekend, we are back to winter. temperatures in the upper 50' s to 60' s. >> a jury came back with a not guilty verdict in the rape trial for the pedicab driver. he sat quietly through, hugging his attorney following the verdict. a woman accused have of dragging her from his pedicab and raping her two years ago. he admitted they had sex, but it was consensual. he sai

>> this is one of my platinum four. >> great we get to play off our sound track of qualcomm.years, obviously. >> it hasn't been lately that's why it's interesting. >> what do hundred of billions of dollars. >> they invented cma. they were revolutionary in the mobile phone business. got a piece of action through royalties. chinese have been unwilling to pay those royalties. that has been renegotiated. 4% dividend yield. net cash on the balance sheet. how about income? we're in a very low interest environment. plus increases. not to mention the whole increase in mobile usage half the world has a mobile subscription. half the world's population. that will go up over a billion in the next ten years. >> you got to pick four? >> you gave me four. >> four. >> okay. >> there's barclays. that's out of favor. >> you can get that at 60% of its book value exits goodwill or what we call tangible book value. that's as cheap as it was in the 2008 global financial crisis. why? we're not in a financial crisis. investors just aren't interested. but all of that capital that's been built up and

qualcomm has a nice dividend. 4% dividend yield. excellent free cash flow.just completed a strategic analysis of possibly breaking up their licensing from the chip set business and they're going to keep it together. and now they're going to invest in growth. i think that will position qualcomm for 2016 and beyond. >> i know also, kevin, do you think it might start -- time to start looking at some energy names as well. we have to leave it. there thank you very much for joining us. john huntington and kevin harris. can you go and see how john is making non a low growth environment. that is our website. tyler? >> thank you. the president has now laid out his executive orders to try and prevent more deaths from firearms. among other effects, the orders would expand the number of gun buyers who are subject to criminal background checks. he also announced plans to hire more personnel to process those background checks. directed officials to conduct more gun research, improving gun safety generally speaking, encourage more domestic violence prosecution and ordered

i mean, we've got apple, qualcomm, facebook, amazon.f they have good stories in q1, how much can it matter? >> probably the point that's been missed on tv for the last week and a half -- it's definitely important. if you look at it like next week, there's a lot of big names coming out, and this is -- these are tech names. these are names that, you know, this is -- these are the forward-thinking companies, the ones that you want to invest in for the future. . feshgd focus more on the earnings level and get back to what with dough best, and that's at least looking at growth, you know, three months, six months, nine months down the road. it's been such a dramatic few weeks for equity flows. you know how much cash mutual funds have. they can sit on that for a while. would you expect that to reverse necessarily? >> well, they're not stupid. i mean, there are going to be opportunities where they're going to want to get -- they're going to jump back in. i think they'll probably start jumping back into some of the tech names again. my equity --

samsung and qualcomm already reported. those of course feeling pressure from a declining demand for certain kinds of phones. let's look ahead to the two big names reporting after the bell today. microsoft and amazon. analysts looking for 25.3 billion in sales. a mixed bag of trends in this one. on the one hand enterprise spending looks weak based on intel and ibm results. we know pc sales are weak. by putting windows 10 out there for some users microsoft may have boosted it's cloud momentum for office 365 which has been driving the valuation. if those numbers look good the other stuff might matter less and for amazon, 35.9 billion in sales around $1.86 is what they want to see. the core business could be strong based on amazon's position in mobile. despite what ebay reported. the cloud business should turn in close to 2.4 billion in sales. if we get to 2.5 billion and above it gets people excited. this is a big cloud quarter because a lot of these retailers need extra capacity during the holiday season. they turn to the li

bear the greatest inconvenience over putting the dsrc channel at the top instead of the bottom is qualcomm. got to design the radio on the right frequency. as i said was nice though, the last thing we want including many of those that heralded, the last thing we want is anything that would significantly delay the dsrc. obviously, the way we work designing, they would have to be testing to make sure there is a significant difference from the top of the band. it would be advocating this and i think saying that right there team. february 2014 is when it was issued and there isn't a significant delay in if there was we wouldn't have this proposal. >> we are running low. let's start in the back. >> so, i think all of us have been this -- through this before. how do we get past the rhetoric of people are going to die. so you don't want to kill in a minister in a dear and nobody wants anyone else to die as a result of this in a car accident. so let's assume that everyone agrees that no one wants people to die as a result of policy discussions. and if we get back to bed, which historically we did

following qualcomm. joint venture in china.ival intel dominance. 45% stake in a new company being formed with the government. chipse used to develop for data centers. and so currently enjoys 99% market share. one of the five missing man linked to a hong kong bookstore turned up in police custody in china. shown making a confession on china's state-controlled television. should manus says he turned himself into chinese police because he was wanted after being convicted of killing a college students while driving drunk in 2004. he disappeared in october in thailand and his colleague vanish in hong kong last month citing fears that the tactics used to stifle dissent on the mainland were being exported to the city. new star wars movie ended its run at the top of the north american box office, "the force awakens" and four weeks at number one. it has been toppled by "right long 2". the film taking a million dollars over the weekend. next, how a number of a korean girl band may have affected taiwan's election results. details coming n

. >> qualcomm reporting better than expected results. weak demand for mobile chips. josh?so when apple gets -- does the whip, this thing does the nene. the worst -- it is the worst of the chip stocks and most of them look pretty bad. technically this thing is off a cliff. and the market for smartphones is just really, really saturated, plus they're tied up with, like, legal issues, with lg, it is like what else can we add to the pile. if you're a value investor or activist, this is still a prime candidate. >> i'm glad you brought that up. lebenthal, who fan says himself a value player, added this to his portfolio the other day. >> good news, jimmy, even more value. >> but that's been the story for qualcomm forever now. a value play from 70 on down. that's been the biggest problem for this company is everybody looks at him as a value play but they continue to lose down the road. >> harley. what do we make of harley? >> nobody riding harleys or doing the whip or the nene. >> it is a good book end to the show and maybe an overall theme of whether the consumer will be the thin

glasgow smithkline and qualcomm are in talks for a joint venture.xo has been looking for ways -- apple has applied to open its own store in india for the first time. the indian government relaxed companies.ng foreign it may help apple better tap into the market just as iphone sales appear to be peaking. apple has 2% of the indian market. shares closed slightly higher in new york. that is a look at some of the stories making headlines. angie: the yen advances to its strongest level in a year as the global selloff deepens. the view from -- stay with us. ♪ sayspan's economy minister he will provide in the nation today about allegations of financial impropriety to be published in a tabloid magazine. website claims he and his secretary violated political funding laws. not fully read the article but will investigate the matter. the leader of a pakistani taliban campus says is grouped attacked a campus and killed 19 people. byy were eventually killed security forces. the faction said it was event for pakistan's military cracked down on militant groups. u.s

cory johnson caught up with qualcomm ceo.started by discussing the importance of the deal. >> we have had a long relationship with the car industry, over 10 years. -- iteed at which people started off by getting the car connected. it has accelerated through more technology and the audi partnership is not just taking the modem, but also the car -- the part of the car that processes information. cory: this is an additional socket? >> more technology in the car. the car is becoming a smart phone on wheels. audi is an innovator and we are happy to be working with them. automobile is going to be a growth sector. our blend of technologies that we can provide in a smart phone type factor is going to be important to the car manufacturers. the car manufacturers are becoming much like the cloud providers. they generate so much data. if i had information on your intermittent window wipers, so much data i can get off that information. that is why you see the cloud providers and car companies connecting. that trend is good for our busines

we are also watching qualcomm. it has seen revenue drop more than 10%. shares are little changed, but they are down more than 30% in the last year. ebay shares getting hammered and extending trading as the company looks forward to more of an earnings squeeze. paypal, a completely different story. details, next. ♪ emily: amazon is out with fourth-quarter results on thursday. >> the facts of amazon are astounding, meaning from the very first hour of the first day, what amazon and jeff bezos has said, we are going to build infrastructure to serve customers. we don't care about anything else. it is an endless period of investment. jeff bezos will be the richest person in the world within, i don't know, certainly within five to seven years. emily: the threats of amazon continue to weigh heavily on ebay. ebay shares tanking as the company's first-quarter forecast overshadowed a report that came in line with estimates. it looks like paypal continues to benefit since the split, what about the survival of its former parent company? gene, was carl icahn's push the

currently, the commission has before it two competing plans submitted by cisco and qualcomm. there's merit to both proposals. the former perhaps provides an easier path to approval. but the latter may have more ultimate value and benefit. as the commission considers the best ways to share the 5.9 gigahertz band with nonautomative users, we must ensure that the dsrc technology focuses on human safety which needs to be defined reasonably and narrowly. for commission purposes safety does not include functions better suited for commercial spectrum bands and partnerships with commercial wireless providers. for instance, we should make clear, as necessary, that e-commerce and social media are out-of-bounds. and so, too, are things like locating parking spots. some may try to claim that the actions just taken should preclude efforts to move forward on sharing the 5.9 gigahertz band. as someone who spent time in geneva at the conference, i think this is misplaced. more importantly, the activities of wrcc 15 and other bands shows the technology leaders such as the united states must s

qualcomm is getting upgraded today to outperform to market perform at northland.e are at about session highs right now, up 1.7%. the analysts and northland say the company's 2016 cops are going to be better, and there's going to be an end to licensing issues it had over in china. it has a price target of $62 and $.50. right now, we are just under $48 there. j.d..com, the online direct sales company in china is up by about 1.9%. it was upgraded to buy from neutral. it's rising the most in a week. david: ramy inocencio with the markets desk. a stellar lineup of guests at the world economic forum in switzerland. bloomberg's francine lacqua spoke with george soros. he says he seeing conditions the remind him of 2008. george: in 2008, we are repeating. it was a time of financial crisis. and the bear market. you have the same conditions today. source of this equilibrium is different. was the the root cause subprime crisis in america. now, the root cause is basically china. it's not comparable. francine: china because growth is below what we think? poor because they are

much more just ahead, big interviews this afternoon from the consumer electronic show including the qualcommthe under armour ceo. ♪ betty: it is 11:00 a.m. in new york and the night in hong kong. good morning. welcome to the europe can close. mark burton is joining us live from london as we wrap up their trade in london in the next half hour. >> yesterday's rebound to the worst ever start proved short-lived as china and geopolitical concerns rattle european equities. the european close starts right now. ♪ ♪ betty: we will take you from new york to london in the next hour. london is where we find mark barton. >> tuesday's respite did not last long. by stoxx 600 is down 3.6% which is 333 billion euros disappearing. china, oil, geopolitics -- we will talk them off and it's an indiscriminate sell off. all 19 industry groups are

when you have qualcomm having such success in mobile devices, intel is simply not there.ngs, that was one of the big themes of ces, the notion that so many devices, so many things are going to have sensors in them that gather information and feed information into the internet. that's going to be a big deal for these guys going forward. they have positioned themselves so that 10-15 years from now that with the internet of things come intel is going to benefit most. emily: what is intel years from now? david: i think corey is right about the internet of things being impactful for this industry. 15 years is too long for me to understand how any of these companies will morph. intel has a great business in terms of its long-term conventional strategy of chips for pcs, and if they can get into mobile, great, but i couldn't tell you 15 years down the line. it's too far away. emily: david kirkpatrick, founder and ceo of techonomy, i appreciate your honesty. cory johnson -- i will be honest just this one time. emily: thanks for watching. that does it for this edition of "bloomberg

we've got a conversation with the qualcomm ceo.e markets desk for julie has a chance of today's market activities. julie: so much for the bounceback in for the reassurances about it's not a big deal the first day of the year being down. it's just three days and we are setting up for the worst week in quite some time for the major averages. they all declined in the neighborhood of 1%. nasdaq has been doing the best of the three.

sources say glasgow smithkline and qualcomm are in talks to venture, although it has not been decidedis looking for ways to develop new medical technology. it is focusing on internet connectivity for inhalers. applied to open its own stores in india for the first time. in november, the indian government relaxed rules for companies selling a single brand to stores 30% of inputs locally. it may help apple better tap into a fast-growing market just as iphone sales appear to be peaking. apple has just 2% of the indian market. it needs to make inroads against samsung and xiaomi. shares closed slightly higher in new york. those are the stories on the bloomberg terminal. back to you. angie: coming up, believe it or not, january was a record month for chinese firms doing deals in the u.s.. is the spending spree likely to continue? we will take a look back. you are watching "first up." ♪ angie: welcome back. japan's economy minister says he will provide an explanation today about allegations of financial impropriety to be published in a tabloid magazine. the magazine's website claims he and hi

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