qualcomm is a company that is in the business of semiconductors, but qualcomm's stock has just been a total dog m since the beginning of the year, the nasdaq has rallied 17%, but qualcomm is down 7%. so could it be time for qualcomm to play catch up? tonight we're going off the charts with tim collins who's had a really good record with tech stocks so far this year. you can see qualcomm's stock has been stuck in a rut for most of 2017. it's doing absolutely nothing. it got pole axe back in january. from the 60s to the low 50s. and it's been trading between 52 and 59. never filling that gap we saw four months ago. collins believes that qualcomm could soon see a definitive change in trajectory, the reason? first of all the stock's 50-day moving average has flattened out lately, to where it has moved just above the top of an ascending triangle pattern. why does that matter? because collins think this key moving average could be a great trigger, if qualcomm stock can just break above it. something that's nearly a reality, that the stock is 10 cents from bussing through it's 10-day moving

they have been sued by qualcomm. a rough calculation of how much they contribute indicates it is about 33%. hai 21% -- this essentially creates a lot thencertainty on not just four suppliers sued by qualcomm, but also qualcomm's earnings itself. suit against the company. fallen 13%.tock has analysts are expecting it may fall further given more uncertainty. qualcomm sayss none of the suppliers are actually paying the royalties it uses contractle manufactures, and that is how these companies are coming into the picture. haidi: what is qualcomm's problem with apple? and how can this play out? when theretarted were a couple of antitrust .ssues with qualcomm .hen apple sued analysts expect this will be a long drawn out legal battle. if you look from the contract manufactures point of view, apple is a big contributor to their revenues. foxconn, it actually gets more than 50% of revenue from apple. try and get 60% from apple -- on getsrawn -- pegatr more than 60% from apple. you can expect some earnings downgrades. dependen

qualcomm and qualcomm is hitting back.e international trade commission werehis is a foundation qualcomm has these patents. whether itdless of has qualcomm components. even though it doesn't, it relies on the cellular technology. kim cook said that -- he leaves it open and says that we will see and says that qualcomm has not offered safe returns and, to look at how much apple could be hit, take a look at the pie chart. this is $86.6 billion and, if this does happen, it will be a huge hit. s are happyvestor that qualcomm is fighting back a little bit. >> yes. some of the analysts are saying a qualcomm just had to do this and apple could not get away with it. how likely are they to succeed in this? months inuld take 21 the international trade commission. everybody who has been talking is saying that there likely to be able to buy the iphone and, for qualcomm and apple, they are trying to get to a settlement and qualcomm wants the money from apple and apple wants to pay less. with that, if apple or qualcomm settle, it could op

look, i think the risk of qualcomm retaliation is modest. but the potential impact on apple is enormous and one always has to consider that you know, expected value of expected outcome as a result. the risk is that qualcomm could say, look, we're tired of being pushed around and not being paid for what our intellectual property is and we're going to fight back. the little kid getting punched is going to put up their fists and say, if you're not going to pay us, we're not going to give you chips. if qualcomm doesn't share chips with apple, that's a big problem for apple because there's no cdma source for chips in the marketplace today and that would be a big risk. i don't think qualcomm's going to go nuclear and pull that option, but being it's a possibility, investors have to be aware of that. >> tony, the stock's had a great run. $136.46 as i ask you this question. do you buy the stock at an all time high right here today? >> yes, i think you do. when we look at iphone cycles in the past, on average, the stock is outperform ed by about 0% i

. >> i did want to hit qualcomm versus apple again. we have a new -- new filing from qualcomm.an injunction to get apple to start paying the suppliers who make its phones. those suppliers have the royalty agreements in place with qualcomm but are not paying because apple is not paying them. of course this goes back to the ongoing litigation between the two companies. qualcomm says it's a commercial distribute. apple says different. it's more and more significant for qualcomm. remember, they held a billion dollars from them last year. qualcomm is fighting back on that saying that apple induced all the regulators to gang up on it. there were some payments that qualcomm was due to pay apple. so that's $1 billion there. and now hundreds of millions of dollars from each of these suppliers who have their own royalty agreements in place with qualcomm and are paying them for devices they make for other companies. but are no longer paying them at all on the first quarter for any devices they make for apple. ipads or iphones. it's adding up to some very big numbers. they are now seeking

this is expensive for qualcomm.to the internal counsel at the company, we went through the decision to sue them and said, we have the rule of law on our side. this is his position, of course. this in his words a strategically designed effort by apple to damage us around the world. remember apple sued them in a different -- a number of different locales around the world and action in south korea. there was action here in terms of the ftc and the ftc of south korea. we didn't start this, but we'll fight back with the tools we have says mr. rosenberg. and that is what they're doing now. where all of this ends of course is a key question. is this a settlement that could take place? hard to imagine in some ways because qualcomm simply wants to be paid what it says it's owed by apple. not is a commercial dispute that apple wants to squeeze the suppliers as it always does including qualcomm being one of them so it can maintain the incredible margins that lead to have it the largest market cap by far in the world. this is n

. >> a new chapter in the legal battle between qualcomm an apple.lcomm filing a complaint against apple's iphones saying it was not paid proper royalties for use of the technology. john, i know you are watching the space. it is getting more fiery. >> qualcomm has been very generous with their time talking about this side of the story. apple doesn't want to pay qualcomm licensing fees for its technology making the argument the fees are too high. it is a percentage of the cost of iphones and ipads. apple tends to price those high. i am wondering, do you see an argument for apple to completely stop payment and say, we have paid you enough already. we are going to handle this in court. for now, do with nothing. regarding any legitimate argument, no. will they get away with it, yes. they have decided not to let the federal government into their iphone. if ford said, you can no longer get into a trunk. you see someone thrown in the trunk but you can't get in. that is where we are with the idol t id idolatry of apple. do you see any legitimate argument on

. >>> welcome back the verdict is in on tim's qualcomm pitch and only 44% voted yes for qualcommof all the traders on the desk who said to buy. >> kiss of death i guess. >> time for the final trade, tim. >> a company that is various on buy here, there is a lot of reasons qualcomm. check it out. >> bk. >> i'm still going with twitter, even though it's controversial on the day. i think they're starting to get it. >> i'm with bk. i don't think you buy it up 10%. palo alto will fill in that gap. >> i look forward to seeing you tomorrow. >> tesaro, not the refineer, the pharmaceutical company. where there is smoke, there is fire. >> here. >> tesaro, the pharmaceutical company where there's smoke there's fire. >> tune in at 5:00 tomorrow. meanwhile, "mad money" starts right now. >>> my mission is simple -- to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere. i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm trying to mak

the feud between qualcomm and apple is hitting new highs.omm plans to retaliate by asking the u.s. trade agency to ban imports of iphones. qualcomm is preparing to ask the international trade commission to stop the iphone, built in asia, from entering the country. it is threatening to block the iconic product from the american market in advance of the anticipated new model in the fall. apple argues that the system is unfair and stopped paying licensing fees to qualcomm last month. coming up, another courtroom between, this time alphabet's waymo, the self driving car unit, and uber. driverless car ambitions hanging in the balance. we continue to monitor earnings. facebook continuing to decline in after-hours trading. anything in that magnitude would be the biggest slide of facebook shares since november. tesla ceo elon musk says their electric truck will defy expectations of what a truck can do. we will continue to monitor both calls. this is bloomberg. ♪ emily: court is in session for alphabet's car unit waymo, and uber. at stake is uber's d

qualcomm shares fell a fraction to $57.52. blackberry was down 1% to $11.11. >>> big lots has raised its earnings outlook for the year following a better than expected profit. but the discount retailer did miss revenue expectations due to a surprise decline in same store sales. the company also sees profit for the current quarter above estimates. as a result, shares rose almost 3% today to close at $49.79. sue? >>> bill, newell brands is selling its winter sports business to a private equity firm for $240 million. the consumer goods company says the deal is part of its ongoing growth strategy to simplify its portfolio. the shares were up a fraction to $53.19. >>> shares of deckers outdoor continued to soar today following the company reporting a surprise profit last night. the maker of ugh boots did see sales fall but the results still topped street expectations. deckers was up 19% today to $67.21. >>> shares of gamestop got hit today despiting, the first sales increase in five quarters after the bell yesterday. the video game

qualcomm's not getting paid.plying additional pressure. >> for the hope of getting some of that payment. all right, jon, thank you. appreciate it. jon fortt with that bringing news. more headlines after the break. ok, let's call his agent. i'm coming over right now. the newly advanced gle can see in your blind spot. [ dinosaur roars ] onboard cameras and radar can detect danger all around you. driver assist systems can pull you back into your lane, if drifting. bye chief. bye bobby. and will even help you brake, if necessary. it makes driving less of a production. lease the gle 350 for $579 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. flexshares etfs are built around the way investors think. with objectives like building capital for the future, managing portfolio risk and liquidity and generating income. that's real etf innovation. flexshares. built by investors, for investors. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexsha

i think qualcomm has to complete the deal.en some approvals, i think that's going to happen. in the end i think there's a settlement here. this is everybody trying to figure out what is the best rate that apple can get? qualcomm stock has been up during this period. betting that somehow they'll get an injunction. that's far afield. i don't think it's going to happen. >> certainly talk about big moves as cook said that's what courts are for. >> it's funny, when we see qualcomm i think of nxpi, one of the few pieces of good news you can argue for the company given all the litigation going on. nxpi had a good quarter and that's emboldening people, there's not a lot of downside there. if this were to trade on its own, given the success that the company is having, is some argue it would trade above the 110 that qualcomm is contracted to buy it at all, all cash. but it requires a shareholder vote. >> well, absolutely, david. i think what happened, this was done at a street level for qualcomm. it's the other plays in that, whether it

among those, qualcomm has sued and pegatron.t have a direct license a call from. -- license with qualcomm. instead it pays contractors to make the phone and part of that money is used to cover royalties. to london where bloomberg's caroline hyde spoke with a major player in fintech. caroline: we are here with the cofounder, one of the largest clear to pay services in the u.k., if not the world. helping to move more than a billion pounds per month, the country has raised $170 million in funding and investors include matlab chin and sir richard branson. maybe he is part of an island, who knows? thank you for joining us. key player in the european unicorn space. big investor names. you are profitable. tell us whether the profitability is something you were always driving towards. >> we have always known that as we hit critical scale, we were going to get to the profitability. now we are moving a billion pounds a month. a million users using transferwise. we have hit profitability, our goal remains keeping and making sure we can hav

among those qualcomm has sued, foxconn and pegatron.nlike other smart phone companies, apple does not have a direct license with all, -- with qualcomm. instead, foxconn pays contractors to make its phones. part of that money is used to cover royalties. coming up, the annual google io conference kicks off in mountain view, california. we will hear from the man behind the company's android operations, hiroshi lockheimer. this is bloomberg. charlie: -- emily the google i/o conference : is taking off in mountain view, california. among the new developments, a new supercomputer chip. google is making its digital assistant available on the iphone to compete with apple's siri. google also unveiled updates to android, the dominant mobile operating system in the world. we spoke to hiroshi lockheimer about some of the most exciting announcements. hiroshi: we announced a lot today at i/o. there are now 2 billion monthly active devices in the world running android. that's very humbling, and it's a huge number, obviously, and it's hard to even compr

nvidia doesn't look like qualcomm on micron. there's a little bit of something for everyone in tech. you want to be b a real high growth investor, you can be in amazon, nvidia, fabcebook. you want to be a big value investor, i am. so i like the cisco's, the qualcomms and intels of the world, but there's something for everyone in here. it's a little difficult to paint such a broad brush stroke for tech. >> i think overall, there's something to be said about this idea. it's really the software as a service and cloud services that's what's everyone wants to own and the stuff they seem to be shunning now is the hardware, nuts and bolts, away from semis. cisco is a great example, a good company. it does not have the type of rocket fuel oriented growth that companies that are more involved with cloud services have. or that a sales force on adobe. the software companies that have migrated their models away from a one-time enterprise sale and consulting contract, these are the hottest stocks on the planet now. >> look at auto desk today

>> the way qualcomm makes its money. >> what's next? what else are they doing?to your point i remember owning the stock in 2011 and had an $80-$85 target on it. it's never gotten there. i agree it's a good trade because of apple. >> you'll have to see it on cnbc.com. >> we'll be right back. question you ask, but one i think with a simple answer. we have this need to peek over our neighbor's fence. and once we do, we see wonder waiting. every step you take, narrows the influence of narrow minds. bridges continents and brings this world one step closer. so, the question you asked me. what is the key? it's you. everything in one place, so you can travel the world better. a 10-speed direct-shift 5.0transmission.ine. a meticulously crafted interior. all of these are feats of engineering. combining them with near-perfect weight distribution... ...is a feat of amazing. experience the first-ever 471-horsepower lexus lc 500 or the multistage hybrid lc 500h. experience amazing. ♪ ♪ i'm dr. kelsey mcneely and some day you might be calling me an energy farmer. ♪ energy live

abigail: could you talk to us about qualcomm?omm is down has been trading between 52 and 58. friday, we saw a new low and higher flows and we did not make new highs in volatilities. i'm looking at the october $50 call for about five dollars in the breakeven is about a dollar higher. if it gets to the halfway point, that option would double. abigail: great stuff as always. back to you. julia: still ahead, we will go back to the milken global conference for an interview with the cme chairman. this is bloomberg. ♪ i've spent my life planting a size-six, non-slip shoe into that door. on this side, i want my customers to relax and enjoy themselves. but these days it's phones before forks. they want wifi out here. but behind that door, i need a private connection for my business. wifi pro from comcast business. public wifi for your customers. private wifi for your business. strong and secure. good for a door. and a network. comcast business. built for security. built for business. ways wins. especially in my business. with slow interne

aackberry will end up getting $940 million payment from qualcomm in royalties.n arbitrator ruled the canadian company had overpaid qualcomm under a license agreement. the total includes interest and attorney fees. that is your latest bloomberg business flash. aims are ticket getting more and more clever, even going back in time to austin powers. we will discuss if that makes a difference when it comes to attracting assets. this is bloomberg. ♪ mark: this is bloomberg markets. i'm mark barton. vonnie: i'm vonnie quinn. etf friday.or julie hyman joins us for a look at whether etf ticker names make a difference. names for etf's have been getting more and more creative, more evocative. to talk about it is rachel evans, our bloomberg etf reporter. recently wrote about this. the one that caught your eye that i think would catch anyone's is a new one from ,isdom tree, the ticker is shag mary austin powers evocative here. what exactly is this etf? rachel: it certainly caught my eye and others attention as well. a ticker name for a new etf from wisdom tree investments. e

. >> josh, did tim cook make any comments about the dispute with qualcomm? >> he did.t fight with caqualcomm has gotten ugly quickly. apple is saying you're charging us excessive royalties, charging us for technologies you have nothing to do with. qualcomm said you built this iphone franchise on the back of our ip, you're trying to pay less. in my interview with cooks he ma wo cook, he made it obvious he's not backing down and it's something the court also have to decide. >> the stock is down pre-market, 1.5%. is the upshot here disappointing quarter but just raises the expectations more for this iphone coming out this fall? investors are willing to write it off? >> right. i think this stock was up 25% year to date heading into the print. it was up 60% from the low last may. largely that is due to expect tas expectation of what's coming in the fall. skeptics will say american consumers at least are not upgrading phones as often as they once were. that may be true but there's a big pool of iphone users out there just waiting to upgrade, waiting for that brighter display

qualcomm would need 80% to close the tender.ing possibility that perhaps you would have some sort of effort made to not tender. take a look for example, if you want to compare forward p/es. you can see nxpi coming in at a low number in terms of the multiple. i have spoken to one large holder this morning. who indicates a few things. first, they were called as many people seemed to be in recent days by elliott. the large sometimes activist hedge fund that i have said in the past might want to take a leading role here. might need to be the kind of a firm that would lead shareholders to that nontender position. they have been calling around out of london, checking with if large holders to see what their appetite is for doing that. this is something to keep a closer eye on. when you speak to the large holders as i have, listen, i'd rather see the deal break because i think nxpi will trade at a higher price than 110, you get the sense that this may be something that is going to take qualcomm's attention away from its current lawsuit

qualcomm and apple. the only time you would see them together, but they're at each other.for nxpi, guys, i wonder to wonder if you're not going to see a concerted effort led by one of the high profile investors saying we're not going to tender at 110. that's the price they need under dutch law. they might go as low as 70%. but that's unclear. and they have got to be at least wondering if they're going to face some resistance. given nxpi has performed so well. >> right. >> there's a belief amongst the investor base that the downside would not be significant were the deal to break. >> before we go to the middle east, nxpi there's a persistent call buying at the 110 level every single day. that stock -- that deal goes out at 110. who's buying the 110 calls? it's not a buy right, but trying to buy every single 100 -- >> i think it's interesting talking about nxpi watching that shot at the western wall. the president. >> that's our existence right now. trying to bridge ongoing business with what's happening around the world. >> yeah. nxpi is probably not as important as that. >

i say good luck to qualcomm, probably not going to happen.ws in our interview. >> that's a good point about the qualcomm suit. they're trying to keep them -- i don't need the details, don't need to go into it, but qualcomm has been throwing everything at everybody. while they're taking all of the hits themselves, right? maybe we can just expect this is part of the battle these companies are waging with the stakes being so high. separately with the samsung galaxy phone, jim, do you think it has a real possibility of kind of stealing a bead on apple here? >> i asked point-blank about that. matter of fact, i made sure it was my last question and i think people will -- think they will be very surprised at the answer because the answer is basically, are you kidding. i mean it is just not happening. i just think that, by the way, the most important part i got was about what apple is going to do with jobs. what apple's position is both in the nation and the world, because we do break some news there that i want to be able to save for "mad money" bec

qualcomm, the maker of chips, is seeking a u.s. import ban on apple's iphone.king the international trade commission to put an injunction against the importation of iphones after apple's decision to stop paying royalties on technology that qualcomm owns. a very interesting dispute here. something we will be keeping an eye on. scarlet: and we have other had result,g beating estimates by $.31. $1.36 was reported. metlife coming out with numbers. $1.41, beating estimates. metlife up by 1.7%. tesla little changed. square up 5.9%. surging 11%, second-quarter adjusted revenue $223 million. that brings up the high end. this is bloomberg. ♪ joe: breaking news, the u.s. house passed a $1.71 trillion 8 vote.g bill, 309-11 they keep the government open until september. very few of trump's priorities in this. scarlet: -- julia: "what'd you miss?" the fed left interest rates unchanged, but on a steady tightening path. we want to bring in vincent reinhart from standish mellon. thank you so much for joining us. expected as far as the budget is concerned, a slighted knowledge

in the market, take a look at qualcomm and apple.m is bringing in the assemblers of the iphone into court. they are claiming they are failing to pay royalties. companyies are being sued. qualcomm says, look, they are not paying their distributors, their contractors money. those contractors are not paying royalties to qualcomm. that in essence is the issue. more on that throughout the next few hours. coming up, you have oil paring losses of more than 1%. we will talk to ed morse. he will be joining us with his outlook and what to expect from opec next week. this is bloomberg. ♪ >> this is "bloomberg daybreak." coming up in the next hour, senator david of georgia on the latest news and washington and the prospect of tax reform. up by nine dollars. a little bit of safe haven trade in the commodities. is it a time to buy. ?oinin joining us is ed morse. do you want to buy gold? ed: i think it is risky, a short-term bid, and then it should dissipate. another rate increased from another boost in the dollar when we get over this little hump,

is facing fresh frur investors to do a takeover deal with qualcomm.e pushing to try to get a better offer. they argue the $47 billion offer undervalues the company. that's a bloomberg business flash. tom: what we're proud of is conversation and into june we're resetting the discussion with kevin cirilli in washington and our guest robert nardelli in the state of american business and manufacturing and do it with arguably one of the most courageous short read in europe i read. he's in denmark with xanta and been extraordinary on the dynamics. let's talk about the inflation. brainard saying maybe we've got to pause. that's one opinion out there. bring up the chart, if you would, for yens. for those on radio, the selector is up, inflation is up, the red line is up, up. core p.c.e. is a little elevated and then we roll over. how do you gauge that? how do you judge that whether you're lael brainard or robert kaplan or the hawkish most hawk out there. >> it's a very tricky one because if you look at everything that should be driving inflation, we should hav

apple's legal battle with qualcomm is heating up as the chipmakers whose iphone makers -maker oveon'sof not complying with obligations to pay for patented technology. apple says the fees paid should be on the number of qualcomm chips used, not the price of an iphone. the justice department is preparing to sue fiat chrysler if talks to reduce diesel emissions fail. a suit could be filed this week, although negotiations could result in agreement. it alleges use of illegal devices to enhance performance. volkswagen admitted and 2015 to using similar technology. an investor says there is no question there is risk in china, but state backed companies offer opportunity. he says the government will make sure major sectors do not suffer in the downturn. he says the u.s. should participate in the china and u.s. trade initiative, and says investors have reason to be optimistic. >> is no question there are risks. when you look at the major state-owned enterprises, major banks, there is no risk. this is a planned economy. the government decides what is going to happen to these companies. whatever

qualcomm has officially broken out. remember, tim collins said it's going to go to 59. so here it is at 59, so he's taking some profits, that was his initial price target. the video game complex including the game developers and the semiconductors that power them, take two rallied. remember, this video game move is all about the stay at home thesis that we propound daily. the idea that these days people love to sit at home, play video games, maybe checking their facebook page, drinking beer, look at dominos making a new record close, or munch on fritos or doritos. i had some fritos on saturday. i couldn't believe how good they are. anyway, shocker, pepsico just broke through to an all-time high too. stay at home thesis is -- that was easy. >> there you go. then there's apple. apple. which in many ways is the company that makes the whole stay at home trend possible. this morning the fellas at lbc capital markets put out an article called "apple, the path to a million dollars." before you dismiss the idea as being totally wacko, remember that apple has an 80 billion dolla

the saudi arabian sovereign wealth fund ticking in a lot of money and smallmouth from apple and qualcommis a fear that with all that money, when you have a lot of money invested in something like this, and it needs to be put to work, you may see a evaluation bubble. vonnie: i was trying to say -- we were just -- the frost was just coming off the evaluations and it seems like this may have a deleterious impact. >> right, it depends on his perspective you're coming from, a tech m&a banker, a not for newer interested in automation or internet of things, it is great because there is a lot of money to play around with, not only from softbank but a number of private equity forms. they are all raising these huge tech funds. if you are an investor, a couple of different things may happen, the evaluations make it so high in the private markets that you cannot ipo which is we saw a year or two ago, or there are these companies that want to go public and they cannot because the public market does not support be violation that the evaluation. early investors may get diluted from these bigger investm

the saudi arabia sovereign wealth fund has also put in money as well as apple, qualcomm, and others.e did here early on that did not show up in the press release was larry ellison of oracle. it is not clear if you will come in at a later round or will not participate. emily: talk about his vision for the fund as we know it now. >> he has never been shy about his ambitions. he talks about a 300 year plan for the company. he wants it to last beyond his own investments. he has cut big deals. you put $5 million into the ride-hailing company in china. it is the biggest venture round ever. now he has more capital to deploy. he talked several times about the opportunities he sees. he has had investment successes in the past. he thinks now there are even better opportunities and he wants to be able to use this inital to go after them artificial intelligence, the internet of things, and other cutting-edge technologies, as well as sharing economy investments. emily: talk more about what we know about where this money is going to be invested next. didi.w about what else? >> he will be a key per

company like apple and qualcomm have previously said they are investing money into the japanese company, gene editing is seen as the next big breakthrough in medicine, and there are three massachusetts-based firms working on it.we will bring you details on the companies using crispr.from boston, this is bloomberg. ♪ caroline: welcome back to a special edition of "bloomberg technology," from boston. crispr is a new gene editing tool that could transform biotechnology. the technique and its dna with unprecedented accuracy, and hopefully will play a big role in medicine. doni bloomfield started with three companies in massachusetts raising to use crispr in real life, and proves it can work with treating disease. reporter: the gene editing tool crispr is boosting crops, tweaking the genetics of mosquitoes, and creating lyme disease proved mice. now companies are racing to use the technology for humans. is, in my lifetime, probably the most exciting single invention i have seen. these are the only public crispr companies in the u.s., all with labs in a three mile stretch of cambridge, massac

you also have abu dhabi investors, qualcomm, apple all putting in money, too.t quite get to $100 billion. they got $293 billion. that is a lot of money to be able to spend -- they got to $93 billion. that is a lot of money to be able to spend in the next few years. >> euro area finance ministers failed to break impact on debt relief for grief. that means delays in the bailout review and the disbursement of loans. why wasn't a deal reached? >> that is a good question. we had almost eight hours of zone -- of talks and yet they failed to break the impasse. the answer to that question seems to be that really there were just so many positions at various finance ministers were coming from and the talks of complex and it made it difficult to come to this final agreement although we are hearing the talks were constructive. i spoke to the finance minister earlier, harris, he said we should look at this positively because the greek -- the review of the bailout went very well and now the talks can turn to debt relief and work on that will happen in the coming weeks. >> sh

qualcomm being dusted from overweight and neutral and jpmorgan, the analyst there is looking at negativeom the apple royalty suit says that material exists there. sienna upgraded to buy from hold , shares are up 7%. we are looking at areas obstacle stocks. there was the china network of trade, which analyst at rosenblatt say are positive to the network provisional plan. you can see a pretty big spike obstacle stocks helping technology overall. one of the outliers is advanced micro devices, which was the volatile up and down last week. say that a lysing teal -- licensing deal with intel is unlikely. why are we talking about a licensing deal with intel? there was speculation and even reports online last week that they had come to such a deal with intel, replacing the deal that had existed with nvidia. citigroup says that it is probably not happening. though shares are down 5%. jamie dimon is optimistic about growth. speaking in an exclusive interview with francine locke, he said the prospects for regulatory reform under president trump look good and of the global economy is poised to expan

from companies that include apple and qualcomm. softbank plans to contribute at least $25 billion of its own capital to the vision fund in well.xt five years as apple 10-year rally since the arrival of the iphone sees the company worth $800 billion. shares have continued to rise even as the company reports slowing sales. they have climbed 33% so far this year, adding $185 billion in market cap. raised thelton has 12 month target, price to a wall street high implying, a market value of more than $1 trillion. warmer is said to be ready to pay around $300 million to resolve a long-running investigation into alleged bribery. the deal is being finalized and may change, but would mark a significant concession by the government. the doj has sought tries that claimsover an inquiry in linked to walmart's business in countries including walmart -- mexico, china, and india. i'm alisa parenti. this is bloomberg. haidi: thank you. australia taxes big banks and promises a budget 021.lus by 2 betty: we will be live in seoul to see what south kore

. >> qualcomm hasn't done as well. >> but that's a war.brother against brother, david. >> that is a war. question. >> that's vicious. that's not harvard/yale. >> no? >> not harvard/yale. >> no collegiality whatsoever. >> none. that's like some really, like whoa, that's like university of miami in the old days versus like some of the schools, great 30 for 30, i always loved the u, where they come in, listen we're taking no prisoners. the u being just amazing program. florida state versus the u, a little more like that. >> yep. qualcomm has been on the offensive a bit lately firing back at apple. we haven't heard from them in a while. of course they did file lawsuits all over the globe. >> you haven't gotten an email in the last 38 hours? >> i'm happy to hear from all sides. >> apple doesn't send emails every 35 seconds. >> no, they don't. although i'd be happy to hear from tim cook. >> we all would be. i got my apple bill this weekend for some music, and i was hoping maybe it was like from tim. you know? no. it was just again that same thin

a lot of that had been reported before, we know the same group of investors that apple,s saudi, qualcommit of news. we know a group of early investments includes masayoshi son existing stakes in arm, sof i, but one bit that was new is the holdings in nvidia, something softbank has not released before. my colleague in san francisco is reporting that the stake is 4.9%, which would make softbank the fourth largest shareholder, worth about $4 billion right now. year,ares are up 30% this more than tripled in 2016, so the question is when did masayoshi son by this day, and possibly it has party been a very good investment for him in the company. ofdi: tell me the strategy the vision fund investing in a graphics chip company? onright, nvidia focuses graphic processing units, which until now had been used for gaming, but can also have massive applications in artificial intelligence and self driving cars in the which fits squarely with the vision fund's vision of the future. haidi: thank you for that. the budget's plans, coming through, and the latest from asian markets starting to soar now. this

i also talked to the ceo about that ongoing legal fight with qualcomm.comm is charging excessive royalties, and for technologies it has nothing to do with. cook telling me qualcomm is trying to place a tax on the value of the entire phone. we think it makes no sense at all for somebody to be able to charge a tax on many innovations that they had no contribution to. that is the debate. guys, back to you. >>> thank you, josh for that. ed lee is here the managing editor the rico, also a cnbc contributor, also mike olson, research analyst at piper jaffray. >> we talk about these rumors because i hang out on blogs waiting for my moment to pounce. >> for the next phone. what is it going to have? should i wait? >> i've been waiting. i've been waiting. >> i know joe's waiting. >> i want a longer battery. that's what andrew told me. >> i do. >> we all do. >> but the question, to me there's a larger question which is in terms of how quickly apple or any of these companies has to now iterate. whether they can have a two-year time period or whether just given the nu

now, throw in the attempt by shareholders to force qualcomm to pay more for nxp semiconductor than what it's committed to pay and the move makes more sense. because nxp has the most chips per car. another internet of thing semi-conductor. you know what? candidly, i would say -- i have been seeing that for months but let's go back to the 70 stock on the new high list. 23 of the winners happen to be utilities. it's in keeping with the notion there are new found worries that the u.s. economy is slowing. utilities trade in sync with the ten year treasury which is going up in price and down in yield. these utilities of course are bond market equivalent stocks. they are of course going to run and run en masse including the stock of coned, hit the new high. but that does leave 36 stocks that have nothing to do with tech or utilities rallying today. those are where i gain solace. sol as that perhaps things aren't as narrow or as unhealthy as they seem. so let me give you some actual stock evidence of my thesis here. we'll start with 3m. now that's the ultimate blue chip industrial that's been d

abu dhabi has also put in moneys as well as qualcomm, apple, and some others.ne name that did not show up in the press release was larry ellison of oracle. it is not clear whether he is going to come in at a later round or not participate. emily: talk about the vision for the fund as we know it now. peter: he has never been shy about his ambitions. he talks about a 300 year plan for the company and wants to last well beyond his own investments. he has already cut a very big deals. he put $5 billion in two the -- into dd the ride hailing , company in china. it is the biggest venture round ever and now he has even more capital to be able to deploy it. he has talked about the opportunities he sees. he had some successes in the past, including alibaba and yahoo!. he thinks now there are even better opportunities than in the past and it wants to be able to use this capital to go after them and artificial intelligence and the internet of things and other kind of cutting edge technologies as well as these kind of sharing economy investment he has made so far. emily: t