we've got axp and qualcomm. >> look at qualcomm tomorrow.he bad news, just like intel had, we'll see if it starts to trade higher. i think tomorrow morning, or tomorrow by noon, you start to see it trade a little bit higher for a trade. >> what happens if -- >> well, this is just for a trade. >> oh. >> i think a name like las vegas sands we have to take into account, those that have outperformed are the ones that they've really got to blow it out of the water or else they're going to get hit. i think is a great example of that. look at wynn, up 46% year-to-date, sands up about 20% year-to-date, i don't know number they would have had to put up for that stock to continue to the upside without some sort of a pullback. i think the market share gains they're making at macau are great. i think steve wynn and the insider buying he's been doing has really been a tip to what he thinks is really happening in the asian markets right now. >> just to touch on both of them, qualcomm, the real winner in that space is the connected car huge for them. 3-d g

qualcomm is slightly higher. las vegas sands is tanking.m coverage throughout the area with the headlines as they break. a top technician said new highs are coming if two very important things happen in the market. two tech stocks traders see moving, $50 billion tomorrow. the names and how to play it. but first, we start off with the market that just

qualcomm, same situation. they did this in 2015.hey could see on the horizon the issues they were going to have. now they are getting the benefit with slowing sales. at least they are seeing profits increase. it shows the management really grasps the difficult decisions they had to make and made some of them to lower costs. emily: interesting. cory johnson, thank you for that update. google is back in the eu's crosshairs as antitrust regulators file charges against the android business, saying certain apps being preinstalled is stifling competition. caroline hyde has developments. >> eu regulators are going after google, accusing them of wielding too much power with android, crushing competition in the app space. they have sent a formal antitrust charge to google, saying they stop competing search engines from tablets with the android operating system. regulators accuse google of paying some players to only install google's search app on phones. the objections could lead to huge fines and major changes to the way google does busines

qualcomm on wednesday and then alphabet and microsoft close out the week on thursday.he options market is implying some very big moves for four of these names in particular. ibm and intel could see a move of 5% in either direction. that's more than their average of around 3.5%, and then there's yahoo looking at a more than 6% rally or decline. the company usually moves around 5%. last is microsoft looking at a 5% move in either direction. higher than its average of under 4.5% and, melissa, if all these moves were to pan out, that would represent a nearly $40 billion move in market company so some big moves potentially next week. melissa? >> thank you, seema and the chart master says one of those stocks could be poised to break out. what are you looking at? >> it's microsoft. the last two quarters it's moved that much. it's been about 5% and they have both been up so we'll look at that in a little bit. wanted to look at the long-term chart of microsoft just to set up the story here. so, you know, this is pretty clear stuff. the all time peak and the nasdaq bubble and no

it's qualcomm. they're a 5% customer of apple, a 10% customer of samsung.e know they have had a whole host of problems. the stock is down a ton from its multi-year highs. a cheap stock, great balance sheet. about 40% of its market cap is in cash, 25% net of debt, a monster buyback, 4% dividend yield and trades 13 times. the problem is there's no growth here, okay, so it's kind of like value trap. the stock has rallied 20% off its february lows. they will report next week. the options market is implying about a 6% move in either direction. and the way i see it here is that there's probably room despite all of the those good things about the thing maybe being a good value. there's probably room for one more downgrade to 2016 guidance because of the uncertainty about the high-end smartphone market and basically maybe demand in emerging markets. so to me i think the stock sets up for a good short opportunity here. when it was trading at 51.60 today, you could look out to may expiration and buy the may 52 half, may 45 put spread, selling one for 2.30 and one for

corey: if you have got a smart phone, you have a qualcomm chip in it.phones has been shrinking. when you look at the revenue numbers, you can see this decline pretty steadily as the smartphone business, the growth rates have slowed down not just in china but all over the world. emily: the smartphone market is saturated. high-end smartphones do not appear to be getting any better. what does that mean for qualcomm? corey: this time yesterday we were talking about intel. intel finally decided -- they are going to have to cut a lot of jobs. i want to show you inside the bloomberg terminal. so, intel, this is a stock chart of intel. what you see are times they have had lay-offs. these layoffs just announced. qualcomm looked at the same situation and did this -- they could see on the horizon, the issue they were going to have, so they took some playoffs and now they are starting to get the benefit of that with a slowing sales, at least they are seeing profits increase, profit margins a little bit better. it shows the management of qualcomm grabbed the difficu

that is something that qualcomm makes for apple. apple is also lower. raymond james saying that iphone unit estimates for june and september, those two quarters, will be lower than previously estimated because of some comments that qualcomm made. been watching oil prices. that has been putting pressure on energy stocks. energy now turned lower. oil declines have been accelerating to some extent, now down 1.8%. they have been hurt in part by what we have been seeing in the u.s. dollar. the bloomberg dollar index has been gaining some steam, up only 1/4 of 1% but rebounding from earlier losses after we heard from mario draghi of the ecb. talk about what's going on and pharmaceuticals. we had late breaking news. julie: it has to do with the canadian pharmaceutical company, concordia health care. blackstone group is considering a takeover offer to potential transaction here, might not end up happening. had an see it has effect, shares have been halted periodically throughout the day. not only has it been having an effect on con cordillera, we are seeing ano

. >> the silver lining on qualcomm is china's expectations, because the lt in china is continuing torive the business for them, tan smartphones are driven, and the premium tier ist not what you would hope, and that is in contrast to what intel said about the pc business, and so it is not a one size fits all in china in the tech. >> and now, the new piece in "vanity fair" says that silicon valley created donald trump, and they say that his rise would not have been so great without social media, and now they want to stop it. it is interesting setup, and nick, what do you think of that? >> that is a ludicrous, ludicrous assertion, and what created trump is the huge inequality of the people in the country, and people are frustrated with the e kconomy. and we need to pay people more and instead of focusing on the bottom line, and the shareholders and that, and that is what created trump. he uses social media very well, but he would have used the traditional media very well, and it is not the fact that he has the ability to tweet here creates it, but one thing that nick does say and is a p

qualcomm perhaps disappointing investors with its outlook. we have some headlines about how it says it has resolved in arbitration dispute with lg. let's take a deep dive into the bloomberg. function at this the bottom of the screen. i'm going to playoff on the japanese 40 year bond. we have to build off of it. the 40 year bond yield is in good company. the white line is this swiss 50 year yield, both yielding 30 basis points. both countries adopted a negative interest rate. a good article talking about how the central banks are feeling the pain because they cannot put money into securities and reserve managers have to act aggressively. some investors will find that very ironic. i am looking at iron ore. remember in march, there is a big iron ore spike and every analyst said it was unsustainable and cannot last? up two dollars per ton, higher than it was at that level, so this broad commodity commoditieslk about everywhere doing really well and this huge spike, iron ore was in the 30's and now at 64, so we are expressing some optimism about c

>> qualcomm, because it is going the answer the questions of the end user devices, and qualcomm withicensing, but they are answering those issue, and what that signals about in demand, and then of course, you have to look forward to the microsoft as well, and how much of the pc adjustment that intel is making has microsoft already made? it is a little bit more in the cloud software and the service game than intel is, and do they have enough hedges that they don't have to make the big cost adjust mements that intel is making. >> also, american express is going to be reporting after the bell, and they and goldman are the two worst performers there, and what is the transformation and can they plug the costco hold. we will watch that. >> and the dow is sitting 1% of all the all-time closing highs, a and little bit more than the all-time intraday u highs, and we are up almost 14 point, and so we will go back to the headquarters to scott wapner and the half. >>> carl, thank you so much. welcome to the "halftime report." i'm scott wapner and the trade this hour is good value or the value tr

qualcomm, for the last three years, that's been a declining stock.it begs the question, if intel is trying to pivot, is it too late for qualcomm and what are the earnings going to be tomorrow. i would be more scared for qualcomm tomorrow. >> the pivoters, the intels, microsofts, ibms. >> microsoft understood what they needed to do. that's why he was the right person to put in that role. because he understood the process and he was coming from the cloud. i say the same thing and we brought it up today on the halftime, cisco, i love what robbins is doing that, and that's happening even faster. i like the pace they're moving as well. >> he's probably taking share from juniper. >> absolutely no doubt. i think they're gaining share. i think the problem for intel is they are still strapped for the latent business. they have to get the transition, the whole thing has to happen faster. the internet thing is going to be huge. a lot of that is tied to the -- >> i think they're doing it. i think, again, data center is growing -- >> intel is doing it? >> not fas

also last week you said qualcomm would be the next chip stock to tank. i think the stock sets up for a good short opportunity here. when it was trading at $51.60 today, you could look out to may expiration. by the may 52 half, made 45. put spread. >> now, qualcomm has actually rallied 3% this week. dan, what are you doing? >> it reacted positively to the negative news. they have apple here. they talked about they're going to lose some of the apple business in the iphone 7. i think you take it off. it's acting good. you take the loss and move on. >>> we've got your tweets and the final call. i'm here at the td ameritrade trader offices. steve, other than making me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim. td ameritrade. herthey work hard.ade, wow, that was rando

. >>> chipmaker qualcomm increased its quarterly dividend by 10% to 53 cents per share, up from 48 cents. the yield on the stock is now 4.24%. shares of qualcomm up 1% to 50.56. >>> shares of the gap took a big hit today after the clothing retailer posted march sales results that came in below estimates. gap attributed those results to slow traffic and easter's earlier arrival. shares of the gap down nearly 14% to 23.85. >>> now to our "market monitor" who is finding opportunity in some large cap stocks he says are the best of the breed and should be in your portfolio long-term. this is his first time joining us on the program. he is kevin norris, president of univest wealth management, nice to have you here. >> thanks for having me, appreciate it. >> let's start overall with what you're watching in this market. a lot of people have very low earnings expectations. i think you're running a little counter to that? >> yeah, well, if you take a look at the last 11 quarters, i think the expectations entering the season, the earnings season, earnings have actually outpaced them all. so i think

i've been hering about qualcomm getting more involved in the ev space.ld you ever consider a stock like that more or less -- the rest of us feel them as a chip play but qualcomm does so much more than that. >> we actually thematically wait the motif. not all of the market cap is driven by batteries. we take components of it. as it starts to take a greater percentage of revenues we attribute it to that way. a lot of what is driving the growth in this motif is the electric cars. you've seen an accelerated adoption of it, it takes ten years to get to a million hybrids. it took us five years to get to a million plug-ins, that was the inflexion point last year in september. you're seeing accelerated growth but a lot of what is driving this are the traditional plays like mobile devices, which is 64% of the market. there is not as much growth as some of the new areas like electric cars and storing solar and wind energy. >> some of the solar stocks have not traded very well. we all know that. i have a curious question, which names were potentially on this list t

quite a few companies reporting next week, paying attention to the chip manufacturers, intel and qualcommhis will say a lot about the data center, enterprise spending for intel and the apple iphone system as far as qualcomm goeses. that's what i'm paying attention to. >> you bullish? >> very much so. >> what are you watching, steve? >> until further notice, still about the black gold, about oil. that's what has driven the market. the great news is we had massive inventory build yesterday, but let's see what happens into the close. >> do you fundamentally believe it is based here? >> i think -- tough to say. give or take, yes. >> interesting. sarah what are you watching? >> i'm watching a similar thing. don't want any uncertainty out of the meetings because if we can keep oil at a level of $30 and $40, the knockoff effects are much more positive. >> the downside is protected at the very least, don't do a deal. >> they're not pumping in any more. >> that's true. >> as long this as they don't s something -- >> xle, still on the puts, i'll own them into this meeting and i expect them to be a

qualcomm reports this afternoon.: american express reporting first quarter earnings after the bell today. analysts are watching for signs of account growth following consecutive quarterly increases. scarlet: united continental namedscarlet: former air canada ceo as chairman of the board. how will the airline fare in the first quarter? ♪ scarlet: you're watching bloomberg. tracy: this is your global business report. scarlet: mitsubishi caught red-handed admitting to falsifying fuel economy tests. tracy: time to buy iron ore. the world's biggest miner cuts production forecast. scarlet: bank of england president mark carney has a warning for london and its financial hubs. wherein in japan mitsubishi motors has admitted to manipulate fuel economy data test. about 625,000 cars are in all and it acted -- affected models include -- shares fell 15% in tokyo. tracy: saudi arabia has agreed to terms for a $10 billion loaned to fund its budget deficit. the first sovereign loan in at least 15 years. according to people familiar

among the quarterly numbers today, abbott lab, american express, united and qualcomm, on tuesday the dow climbing 49 points. the nasdaq down 19 to 4940. meanwhile the fuel economy test controversy is widening. auto maker mitsubishi addressing issues of misconduct. it says employees falsify data on vehicles. mitsubishi stock is down more than 15%. wiping $1.2 billion from its market value today. other auto makers have faced issues, including hyundai and affiliate kia motors. >>> and mcdonald's altering its classic menu items in an effort to revise business t. fast food giant testing bigger and smaller versions of its big mac in ohio and texas. they will be calling it grand mac and mac, wallace if the tests are successful, they will roll out the options nationally. back over to you. >> grand mac and mac, jr., no mac daddy for you. >> no, what itself this med july big mac? they're big. landon dowdy, live from new york. >> silicon valley chip maker intel announcing it is slashing 12,000 jobs to santa clara based company saying the job cuts will happen. they'll be phased in over the next

abbott labs, american express, united continental and qualcomm. betty? >> thank you so much. >>> find out which state's governor has declared pornography a public health hazard. >>> plus, a rare tornado caught on camera. you're watching "first look." ♪ ♪ you live life your way. we can help you retire your way, too. financial guidance while you're mastering life. from chase. so you can. financial guidance while you're mastering life. we stop arthritis pain, so you don't have to stop. because you believe in go. onward. today's the day. carpe diem. tylenol® 8hr arthritis pain has two layers of pain relief. the first is fast. the second lasts all day. we give you your day back. what you do with it is up to you. tylenol®. ♪ no, you're not ♪ yogonna watch it! ♪tch it! ♪ ♪ we can't let you download on the goooooo! ♪ ♪ you'll just have to miss it! ♪ yeah, you'll just have to miss it! ♪ ♪ we can't let you download... uh, no thanks. i have x1 from xfinity so... don't fall for directv. xfinity lets you download your shows from anywhere. i used to like that song. >>

deliver quarterly reports are abbott labs, american express, united con nen ta-- continental and qualcommover to you. >> thanks for that. >>> now your nbc 10 first alert weather. >> 52 degrees. skies are clear this morning. it is getting chillier. low 50s in philadelphia but much of the area has dropped into the 40s this morning and a few areas getting closer to the 30s at this hour. your be inhood forecast is just ahead. jessica boyington is in the first alert traffic center. how's it looking out there, jessie? >> it's looking okay, bill. for the most part the majors are great. here's 309 through norristown road. i'll have updates when i come back in the next five minutes. >>> do or die. the flyers now have one more chance to save their season following an ugly loss at home on monday. you'll also hear from the family of ed snider about what happened during game three at the wells fargo center. >>> take a look at these electronic meters that neighbors in delaware are calling eye sores. we'll tell you what they tried to do to get rid of them and why city officials say they're not going awa

they are well behind qualcomm. they have hired a senior executive. still a lot of work to be done.ly: what is the future of intel? is it the internet of things? what is the future of this company? cory: i think the internet of things is an area of focus. they would like to have the right chips for the iphone but beyond that, when intel makes plans, they plan so far out. they are thinking of things that will be largely functional 5, 8, 10 years from now. when they talk about the internet of things, it is really twofold. they still want to be in the data centers that are processing all of those mountains of data. and they are already doing that stuff. that is something trying to -- brian sees as the future of this company. from making calculator chips to personal computers, i think they see it as a whole future of computing. and a future for intel. emily: cory johnson will be sticking with me to talk about yahoo! next. coming up, as i said, yahoo! out with earnings just as the bids come in. hear what marissa mayer is saying. apple's lawyer is facing off with the fbi. they are not sat

qualcomm reported third quarter profits below estimates. expecting chip shipments to fall. the stock under pressure to 3 1/4%. shares of yum rising this morning. helped by chinese new year promotions. ma tell is struggling. to name but a few. plus weekly jobless claims come in this morning. at the moment futures pretty flat. fractionally higher. "worldwide exchange" coming up in about 15 minutes. >> all right. we look forward to it. >>> and a volitionist harriet tubman will now become the first african american on a u.s. paper currency. this when she replaces president andrew jackson on the $20 bill starting in 2020. and five feel leaders of the women's suffrage movement will appear on the back of the $10 bill. a big victory for alexander hamilton. he gets to may not his space. >>> rousseff plans to seek support against her impeachment from the united nations on friday. she's called the impeachment a coup d'etat without weapons. as the ninth energy minister rescience. he says he was -- resigns. >> still to come the big event of the day. a hard hat, a hammer, they're all rea

qualcomm forecasting third quarter profit. expecting chip shipments to fall.s beat the street in yum faster than expected in the first quarter, helped by chinese new year chicken bucket promotions. up 2.4%. >>> walmart shrinking its board by three members bringing the total to 12. a while a new generation comes in. dish network and via com negotiating. via com's channels have not yet been dropped from dish. and tesla, elon musk saying the interest has surprised even him. there is demand for the new tesla. >> great bounceback. >> a slew of companies set to report today. alphabet, formerly known as goog google. >> three things to watch from alphabet after the bell. first is looking for earnings of $7.96 a share on revenue of $16.57 billion. they are watching growth under --. also google could be facing a big fine after the european commission filed aibt trust charges against google for allegedly breaking competition laws. listen for commentary on that. second, google watch to see how much is driving growth in clicks. youtube is doing well, should paint a rosie p

today earnings from the likes of coca-cola, qualcomm. we also get something else too.ut only by about a quarter percent at this hour. julia back to you. >> thanks wilfred. >> maybe james bond's car of choice but for only $3.4 million you too can live out your spy fantasies. that is the value of the new aston martin vulcan of which only 3 of 24 vehicles made will hit the u.s. market. the racer is part of the british car giant's plans to launch at least one new car and two special addition models each year. nancy is at aston martin and for those watching "squawk box," i take it all back. i do really like that car. >> i knew i could turn you into a car girl eventually julia. and that vulcan standing right behind us. but with just two dozen of these it is not going change the financial future of aston martin. so to talk about a few more of the cars that could, let's talk to martin palmer. here we are looking at several of your cars old and new. you have been brought in here to reinvent the brand for the future. where are you in that and returning to profit. >> it is also a

it is guidance from qualcomm last night that got them concerned.m posted chip unit guidance that implies that given the big share gains over at samsung that, weakness can be attributed to iphone build. that was moved from monday to accommodate a memorial service for bill campbell. but remember, they came in with a concerning data point. it is piling up here. >> and look at the stock. it's down 16% in a year. it's an amazing company. it just hasn't returned. finally, your smaller under the radar name today is agree reality. ticker adc. it's an $800 million market cap. about 300 properties in 42 states. jeffries starting coverage with a buy and $45 target. the analyst there says that over the past two years, agreed reality has grown rapidly through deals which resulted in a more diverse tide port foal yes. he calls it an attractive investment and the lease sector. most of them are single units. they'll do a mcdonald's or a fisness place. they don't do giant malls. that is your under the radar call today. agreed reality. >> much more "power lunch" in

among the big names, quarterly numbers, american express, united continental and qualcomm. on tuesday the dow climbing to 18,053. the nasdaq down to 4940. >> landon, thank you. >>> consumer reports loved the tesla model s. in fact, nike says it's the best car. not just now, but ever, kind of a surprise, when consumer reports announced it has concerns about the model x, the suv from tesla. the testers say the doors don't work. there are problems with the air-conditioning. some drivers even complain about the paint. tesla shares fell 3% t. model x is relatively new. we know there will be weeks to made to production. they got the model 3 coming. something like 300,000 orders for that. they need to get these things right and out the door. they're never going to be able catch up otherwise. >> interesting. >> could all the stress on production for the model 3 be affecting the quality of the model x? >> that's a very good question. the same engineers who will decide one line are probably responsible for the other. right? now they got to go back and look at the model x and see what

the laggards, names like hp, ebay, and qualcomm tend to lose ground. just a historical look there, not based on the analysis going into this period of quarterly earnings. but for more, go to cnbc.com and check out cnbc pro. >>> right. let's get back to markets today. joining us to discuss more is paul donovan, managing director at ubs. a very good morning to you. thanks for joining us. let's kick off on the big global story of the day. china gdp coming out overnight. it's clear things have stabilized there since the start of the year, both in term of growth and sentiment. what's the main driver for that improvement? is it sustainable? >> so i think it's quite clear the chinese authorities very definitely want growth to be comfortably over 6% this year. reform essentially has been sacrificed on the altar of a decent growth number. so what we're seeing is policy stimulus really coming through in these numbers. if you look at the credit growth numbers in particular, they were stronger than expected. that's feeding through into housing demand. that's feedi

smartphones as being a drag for them, and we know that it is continued as we are seeing the results out of qualcommand apple and intel that pcs are not blow i blowing the doors out. and where are they buying it? amazon. it is not as if they are going to be hugely outperforming in those categories as overall retailers they are at this point. >> and what started the investors hyperventilating about amazon is the cloud. so ultimately, if they sell a fewer smartphones, everybody is going to be overlooking that if the cloud is huge, and similarly the retail business is in trouble, but the cloud. >> and is it more like the google quarter where the growth numbers are huge, but it is not hugely outside of the expectations or more like the facebook where the numbers are big, and people are like, wow, how great this is. >> and the google as the earnings have raised eyebrows as they have in the past. and we should mention that bay soes, and the business. >> i have owned amazon for years. >> yes, it is trading very well for you. and henry, in terms of the broader market, which earnings are a tap for potential

at qualcomm, and 11:00 a.m.wall street, and "squawk alley" is live. ♪ >>> welcome to "squawk alley" this thursday, and jon fortt and kayla and harry blodgett this hour, and founder and insider, and it is great to have you this morning. and now, a slip of guidance after the earnings come in below guidance, and the earnings did top expectations burk plenty more earnings on tap with microsoft

goldman, netflix, ibu, qualcomm, you name it. >> you can't really do homework all on this. there's too many. that's the way it is. >> meanwhile industrial production was no good. you heard santelli tell you down 0.6. mining down 12.9 year on year says a lot. >> troy global got an upgrading. caterpillar is upgraded. be careful. those stocks have run. >> there's the opening bell. the nasdaq today, it's cnbc's "make it," a story-telling platform fueled by america's on tre pentrepreneurial spirit. over at the big board you can probably see by now it's the villanova wildcats celebrating their ncaa victory and jim is going to talk to jay wright and the team's captains in a few minutes. you must be thrilled. >> i am. this is philadelphia. we haven't had much to cheer for. i did my show there in 2013. just love the school, love the people. love the model. we're going to talk about how their model is different. >> yes. and maybe coach wright's future. >> coach wright says he's never going to leave nova. >> very nice. what have we gotten to. a couple of other things going on. actuall

gross negligence, repeated acts of negligence with a high probability that an unhappy about qualcomm.nhappy event, the exposure of national secret, whether hacked or not. the removal of them from a secure venue to an unsecure venue constitutes the crime. neil: when the president says they were secure, things that got out >> it doesn't matter they got out. the removal of them from a secure venue to an unsecure venue. neil: battle mom wanted action. where the fbi itself would've acted. >> the fbi is conduct in a thorough investigation is a can. as recently as last week they cost to be extradited from romania. a hacker who hacked into sid blumenthal's e-mail said women all, mrs. clinton is confident to whom she passed on because he doesn't have a national security. clearance. they want to know if he succeeded. they don't have the proof. they will have it even worse than doc as we say. neil: brady think all this is going to go? >> the evidence of her guilt is overwhelming. it is presented to a grand jury, the grand jury will indict. there is no question about the law enforcement legal bon

. >> qualcomm? >> it's rallied quite a bit here recently. still way off its highs. similar story.e getting paid to wait, 4.1 yield. 16 x valuation. reasonable and we think the market has misjudged the china royalty story. >> a natural gas play, what do you make of the low prices whether for the lng out of asia, natural gas here? >> with epd you're not so much having to buy the price of natural gas, you're buying the volumes and the liquid story is already improving. we think they're the best balance sheet name in the space and distribution coverage is 130% of their dividends. so we really like enterprise to kind of come to the other side. we still think it's going to suffer volatility along the way. >> a couple of ways to maybe navigate as we get more earnings. thank you so much. >> thank you. >>> all right. we'll come back with a closing count down in just a moment. >>> after the bell, we mentioned those earnings, we've got a bunch of them coming your way. twitter, chipotle, at&t ebay panera and apple. we'll have them as part of our analysis. we're watching cnbc, first in busines

i see you like whole foods, american express, and qualcomm.l me, sir, when do you think you might actually see something that's more investable in a traditional sense beyond the private placements? >> i think you have to wait until the federal government gets out of the way. because as it stands now, it's interesting. oregon and the state of washington are legal. can you purchase recreational marijuana in each state. but if you drive between oregon and washington, you break the law. so it's inner city commerce. so you have to be -- the federal government has to ultimately get out of the way and either decide that they're going to enforce the law. it's the law of the land. it's not being enforced. so, you know, i'm for -- i would be for less regulation. i think ultimately it will give a lot of choice. but i think then it will be regional to states. >> got it. all right. but clarity when it come to the federal level. gentlemen, interesting discussion. thank you for joining us. jerome and gerry, opposite sides of the pot investment. from sin inve

qualcomm is going to get paid and kad dre of other guys out there. nfc finally the chinese are starting to adopt nfc in their phones as well. there are select winners out here, even at the low end of the market. >> great to see you. >> is it ever appropriate to wear a hooded sweat shirt in a business setting? only if you're mark zuckerberg, have we left behind the dress code rules and unwritten rules, use #suits versus hoodies. both here. at mfs investment management, we believe in the power of active management. we actively manage with expertise and conviction. so you can invest with more certainty. mfs. that's the power of active management. >>> a porsche 911, an older model one catching on fire. apparently was an electrical issue and people ran over and doused the car with fire extingexting ishers, it was caused by some sort of wiring problem. >> all righty, we've been asking this hour on twitter when it's okay to wear a hoodie, many known for t-shirts and hooddyes but is it team for wall street to hip it up a little bit or dress it down. bob pisa

reason why they want to shift this investment is so they get far enough ahead in technology that qualcommd to some extent, all of these other chip makers don't get enough of a foothold in that still undefined market. >> thanks, jon. >>> when we come back, google charged with breaking europe's antitrust rules but the company denying it's done anything wrong. we'll get you that story after a break. man, i'm glad aflac pays cash. aflac! isn't major medical enough? no! who's gonna' help cover the holes in their plans? aflac! like rising co-pays and deductibles... aflac! or help pay the mortgage? or child care? aflaaac! and everyday expenses? aflac! learn about one day pay at aflac.com/boat blurlbrlblrlbr!!! >>> analysts are usually bullish on the companies they cover, but there are five stocks that make analysts say stay away. catch that story and more on tradingnation.cnbc.com. more "squawk on the street" coming up. >>> welcome back to "squawk on the street." health care financials among the best performing sectors in the s&p 500 and gains in the health care space shares of intuitive surgica

. >> qualcomm, people like that. to get that kind of a chip in, which is, you know -- kind of like similar to the chip you find in your iphone. they would like to get it into servers. it's kind of a small, small thing yet. google would like to have an arm-based server. facebook too. they'd like a competitive alternative o the intel based chips that go into the servers they build. they'd like some alternatives. >> i feel very educated this morning. sadly, though, because i thought the moore's law thing would continue. >> no, no. >> multi-level something that was going to get around it. >> stacking. >> i forget what it is. >> nanotech. >> just remember. intel makes chip better than anybody else. if there is a way, they'll figure it out. >>> the ceo of intel will be on "squawk on the street" at 9:00 this morning. >>> when we come back, earnings will be a key driver in today's trading session. the dow logging five out of six positive days. several quarterly results still to come this morning. we have already heard from c

also qualcomm forecasting third quarter profit below whew the street was expecting.m is looking for chip shipments to fall and that stock is down by about 3 and a quarter percent. campbell mentioned many prominent executives in silicon valley and he passed away earlier this week. >> alexander hamilton will keep his spot on the $10 bill but the $20 bill is getting a makeover. harriet tubman is taking over for andrew jackson. details in a moment. you shouldn't have to go far to get the help you're looking for. that's why at xfinity we're opening up more stores closer to you. where you can use all of our latest products and technology. and find out how to get the most out of your service. so when you get home, all you have to do is enjoy it. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. >>> harriet tubman is going to be replacing andrew jackson on the $20 bill and hamilton will remain on the $10 bill. it is not just the public reaction and the broadway fans. these are people who ar

it's current levels apple bigger than intel, ibm, isis corks qualcomm and adobe and yes that's combineded over the years. take a look how the personal computer has transformed from the apple 1 to today's macbook air. you can basically do everything on your iphone. the first edition was released in 2007. that company could have been owned by ge. we found out yesterday -- >> that was at a different time. wouldn't have been this because it was before jobs came back. different scenario. >> we could have bought it. >> andrew couldn't have because he's younger than apple. >> true. a little bit. one year younger. >> my professor when i was in grad school bought, i think 1978 and he bought, that was an apple 1 or 2. all i knew how to do was play this really cool game. >> wozniak edition. it had his signature on it. >> it is an antique. >> as a child. >> this is the final countdown. but investing isn't about achieving average. it's about achieving goals. and invesco believes doing that today requires the art and expertise of high-conviction investing. translation? it's time to bench the benchmar