qualcomm will respond in july.omm also has another lawsuit pending against the contract manufacturers that make the. qualcomm is seeking to recover royalty rates from those companies, and a hearing on that is scheduled in august. emily: apple is working on its own kids now as a result of some of these disagreements. how does that change the overall landscape? reporter: it puts more question --reporter: pressure on qualcomm. i think the dispute will resolve into some kind of deal. hopefully it involves potentially a joint cooperation agreement or licensing component, and a balancing of business interests. like you said, they worked together very well for a long period of time. a couple different components and allen's out apple's aspirations. qualcomm, rather than putting all their eggs in one basket, how are they diversifying? reporter: for qualcomm, this sets the stage for licensing.tion qualcomm is participating in different standard-setting organizations. they continue to develop a portfolio of chips. they are l

qualcomm would say, hogwash!e technology that we built enables the modern wireless internet and apple, you'd be selling a bunch of ipod touches without that that's their argument. >> so they're going to their corners. how is this going to play out? >> well, lawyers are going to get paid a whole lot of money and then probably they're going to end up making their arguments in front of a jury it and comes down to, which company can do the best job at distilling what it does in front of a jury. they both have lots of practice, but people having suing qualcomm over this kind of stuff for literally decades. they know how to play this game. >> they call it intellectual property for a reason. code is is intellectual and they have the resources to pay the lawyers, so it turns litigious >>> as we go to break, let's watch some oil seven-month lows in the bear market, down 22% from the all-time high. rrtlw 43 a moment ago, but cueny 43.01. back in a minute world ugly and messy. they are the natural born enemy of the way thin

pounded on a stock nobody liked called qualcomm. 6% trading game. never, after trading game and got it nice move. take a look at the daily chart of emerson collins says this stock may flash more than a few sparks here an interesting chart over the past four moss emerson basically is trading sideway see that doing nothing. in a tight channel between 57 and 61. 57-61. breaking out from the major rally back in january. lately, though the stock begun to push against a ceiling of resistance with emerson currently trading at $60.84, a few cents way from a true breakout. according to cons, the stock gets back to $$61, becomes real and resistance turns into emerson's new floor. a floor of support but it's not just the price action that's has collins feeling bullish about the stock. in addition to a breakout, something we haven't talked about a lot calling the bollinger bands. these brackets mecher volatility emerson's upper bolger band pushing higher there you go bowlingen jer band pushing higher similar to emerson's last big breakout in january where you s

but the twitter folks, they just don't. >> it's all names. >> and qualcomm or intel >> qualcomm. think the bear is greatner qualcomm at these levels, given everything dan said. >> sticking with technology, tesla, baba, pay pal, three of the hot tech stocks this year t. next guest says you should sell. rich ross. hi >> i have been a buyer of ever boyer in high beta names until now, i actually do think technology is a tactical short, there's 5% down in the triple qs, there is as much as 8% down in the same conductors they are potentially the 3% bullback in the s&p 500. let's speak to the tech stocks today. first we will start the tesla. this isn't this short of classic short setup. what i like about this stock as you sell is if you reach this classic measure outside target we have this well defined multiyear trading rate essentially, 100 points from top to bottom. we problem that out. it's taken us exactly to where we are today at 380. so it's a great place to take those profits. don't short it until it starts going down i get the sense it will. now, let's move on, on the next char

row with qualcomm turning ugly, saying qualcomm has an illegal business model. was a january complaint that accuses qualcomm of trying to monopolize the chip game. result, -- betty: toshiba in the final stage of negotiations to sell its flash memory chip unit. sources say the board will meet later wednesday to review a series of offers. downain consortium has put $19 billion. ay ishe backing of inc j seen as critical. the bears are back in oil markets as it dips on the global glut. we look at what is moving the energy market. this is bloomberg. ♪ yvonne: it is 7:30 a.m. wednesday. cloudy, but no rain. that is an upside. 30 minutes away to asia's first major market open. watching the hong kong market after the defining moment, msci allowing them to join the club. betty: it is a huge moment for the chinese and also markets. it is like groundhog day. 7:30 p.m. tuesday in new york. markets closed a touch later touch lower with energy prices dragging it down. i am betty liu. yvonne: i am yvonne man. you are watching "daybreak asia ." let's get first word news. >> msc

they are holding the capabilities of the qualcomm chip to the intel chip.ll next-generation iphones can operate at the same speed. speed is onehigher gigabyte download, right? that sounds pretty fast. make --zed properly, it it could make a huge difference. is this something consumers are asking for? >> yes, absolutely. customs -- customers want to be able to download data at faster speeds. although this beat is theoretical, it is never really going to hit unless you are in a controlled lab environment at that speed. means thetical speed phones will operate faster than the current ones. even if the theoretical will not be easily reached, the chip is still faster. eventually, the phones will be able to make -- take advantage of faster speeds. julia: i am with scarlet on this. the incremental increase in speed, the utility value doesn't all that important. or am i just backward in the technology state? buying thetop people iphone eight and go to competitors, or waiting? apple has been in this position before, where their technology is less than others and tha

. >> ceo of qualcomm. thank you for the opportunity to contribute today. our company works on creating the base technology that allows big transitions to exist in cellular technologies. we are excited about the upcoming 5g transition. it will be a job creator worldwide. wee applaud the direction that the administration is taking. >> my name is john door and with a startup company called yuna. i would like to change to it being the data administration. if we unlock that we can improve service for citizens, lower the cost for government. if you set the data free, the entrepreneurs will do the rest. i'm impressed by the medicare and medicaid teams and look forward to work with you. >> i'm nuke drake president of ohio state university. i'm glad to be here today and happy to participate in this conversation. we try to empower and inspire young people to make a difference. and being able to work with government and those around the table to do that. >> thank you for having us. i think in addition to what technology and the internet will do for all of us. it come

apple in its long-running legal battle with qualcomm.idence that the chipmaker is operating an illegal business model designed to extract royalties from every wireless device sold. the maker wants to build argue that qualcomm has exhausted the rights to some royalties. agreed touity firm buy a drug research firm. the deal is valued at $5 billion. the company was under pressure from an activist investor to sell itself. that is your latest bloomberg business flash. right now, pointing out the vix and low the dollar index 9778 and the spread is up 18 basis points right now. stay tuned. speaker paul ryan with his tax plan in the next hour. this is bloomberg. ♪ >> from bloomberg's washington bureau, i'm david gura, this is bloomberg markets, the economy. here are the top stories. heve mnuchin says administration remains focused on getting a tax overhaul plan done by the end of the year. more for my interview in just a few moments. republicans is that judy readies a bill for vote in the senate. we dig into the details of a vote by could take p

it accuses qualcomm of trying to game chips and license its technology so it pockets a cut. its innovations are at the heart of every iphone that apple has ever sold. rishaad: the world's biggest maker of construction and mining equipment said sales were up 8%. that is the best performance since 2012. asia giving a bit of impetus, an increase of 49%. for theerican shares up first time in two years, shares down .5%. this year'stion is major conundrum for policymakers around the world, the boj trying to stoke the fires. the boe has watched its search past that 2% line thanks to sterling. let's get it over to kathleen hays in new york. go over these boj minutes from april, did we learn anything new? >> i don't think we learned anything new. we have these minutes underscoring the key challenges the boj still faces. in april, boj at left every aspect of policy unchanged. they anchored the 10 jgb at the long end of 20, and continuing to buy bonds to achieve all of that. one thing that emerges from the mentum from the 2% target was not strong enough yet. let's look at the details o

apple started splitting it up with qualcomm and intel.est qualcomm chips which apple will be using in the iphone 8 and other new models can support this faster speed. but the intel chips cannot support it. apple does not want to make some iphones faster than others so it has to pare down the capability of the units. emily: the market has become so competitive. innovation is so incremental. it is down to small details. how optimistic are you about apple's iphone future? george: i think they keep having where itew innovations really matters to the user. new applications will make all the difference. the question is whether the applications will take advantage of it. i think downloading a movie slightly faster probably will not make a difference, so they will fundamentally need to be new user applications that take advantage of it. emily: we have been reporting on new phones. how is the market different that apple will be entering in september which is when we believe the iphone eight will be unveiled? >> it is a whole different ballgame. wh

. ♪ emily: qualcomm is heading up the california coast. company is setting up shop in silicon valley. qualcomm will continue to focus on the core areas of interest by global and emerging technology in the auto and connected device sectors. the group has seen success in both areas in the past, including the exit of one of the startups compan'y's which sold to g.m. for nearly $1 billion last year. much of the u.s. is gearing up for a long july 4 weekend, including airbnb. the documents how it plans to fight price gouging and save consumers at least $27 million on what they would have spent on hotels over the holiday weekend. this comes off the heels of reports airbnb plans to launch a new tier for luxury rentals. joining us, chris lehane, head of global policy and former aide to president bill clinton. great to have you back on the show. you say you are saving consumers $27 million on hotels this weekend, more than double what you saved the last year. how do you know? >> we are able to look at what the prices were last year and compare them

. >> qualcomm, i'll tell you why. the broad come earnings last night with a blowout.e not seeing the follow through in competitors like qualcomm and skyworks. i think that that will be felt next week. you're seeing a friday lull here. broadcom bodes well for smart phone manufacturers. >> federal express. i was adding to it today. i've been buying it slowly. i think this is a great long-term story because they have got tnt acquisitions. you have sinnynergies as well a global economic activities. valuation cheap too. josh brown. >> bristol-myers. moving average convergence. they're all 54 and change right now. stock book set to make a big move on long. think it might be out. >> buying the september 70 calls, unusual activity right now. >> have a great weekend. >> you too. >> thanks for watching. starts now. >>> and happy friday everybody, here's what's on your power menu. clashing over climate change. ceos and big business slamming president trump's decision to pull out of the global accord. the white house expected to address the controversy in it's daily briefing. we

qualcomm stock, 17% average gain for those six months, positive 55% of the time.nd then net app shares up 21% on average for those six months, positive trade 65% of the time so, as we talk about historical averages, yes, they don't always tell you exactly what's going to happen, but traders tend to look for some seasonal trends in some of these types of names and they're not all, melissa, f.a.n.g. stocks. back over to you >> dom, thank you. dr. j, i feel like you've doubled in some of these non-f.a.n.g. stocks. sky works? >> sky works and qualcomm, as well pete's been in broadcom, a lot a non-f.a.n.g. name, but certainly ti certainly tried pretty closely to apple >> let's talk second half books since we're looking forward. erin >> i like being long the energy sector and the banks you still want to pick up the tech sector when you get, you know, when you get a down trade, because i don't think that that's going away. but i would stay away from everything in the middle and really take this -- >> what's a down trade a correction >> i would like to buy down 5% on qs l

kevin later went on to work for qualcomm and was the cdma evangelist for many years. a very important person in this range. i have a lot of other things to is a but i want to give others a chance to make comments. >> our next speaker. robert pepper. robert is -- heads up global connect. -- sorry. i have it in my notes down here. at facebook. global conductivity. previously he was vp for global tech alysia at cisco. mayor to that i believe you are -- he institute for >> at the commission. >> it went by quickly. >> emperor was the chief policy was the chief policy advisor to the chairman for 20 years. mistaker your initial had anng me, it he amazing career as the advisor to both democratic and republican and the onlyhe sec person i know who could carry on a discussion of any aspect of area.c has a bachelor of arts degree from --asters degree .nd phd and thus actually is to be dr. pepper." team story.e dream it was an amazing time when we actually begin to institute some of these changes. by the way, the whole nation of having -- notion of having a book about spectrum th

camera by number of locals well bad weather has been wreaking havoc across the region a week that qualcomm's to say the worst outcomes. next it's politicking with larry king. hello and welcome to cross talk where all things are considered peter lavelle with the islamic state perceived to be on the defensive in syria many of the parties in this proxy war are eyeing the next stage of this conflict as a result russia and the u.s. are at odds is washington strategic interest in syria really iran. syria i'm joined by my guest christopher davidson in derm he is a lecturer in middle east politics at durham university as well as author of shadow wars the secret struggle for the middle east in london we have alexander mchugh he is a writer on legal affairs as well as the editor in chief of the duran dot com and in new york we have richard murphy he is a former u.s. career in boston or to syria and currently an adjunct scholar at the middle east institute all right gentlemen crosstalk rules in effect that means you can jump in anytime you want and i always encourage it alexander let me go to you first

kevin later went on to work for qualcomm and was the cdma evangelist for many years. a very important person in this range. i have a lot of other things to say but i will stop now because i want to give pepper a chance to make comments. >> our next speaker. robert pepper. robert is -- heads up global connect. conductivity policy. -- sorry. i have it in my notes down here. at facebook. previously he was vp for global tech policy at cisco. previous to that you were at the fifth -- the fcc for 15 years? >> 20. >> it went by quickly. >> pepper was the chief policy advisor to the chairman for 20 years. and after your initial mistake of hiring me as your deputy he , had an amazing career as the advisor to both democratic and republican chairman of the sec and the only person i know who could carry on a discussion of any aspect of the fcc area. he has a bachelor of arts degree in and masters degree from -- and phd. and thus actually is to be called dr pepper. [laughter] , and's great to be here bringing back sort of what i think of as the dream team. it was an amazing time w

know a ski days and i don't is or would something like that we had some pretty crazy food here at qualcomm only with the press office for example so i haven't had before now i'm addicted to start my day without it also that escalates i think that's what the and where only way to get them all they saw is i like to spread it all over and just let myself claim there's nothing called who ever there's a whatever it's like heuvel mixed with whatever i call the whole way however you know when we're here in mexico they're very welcoming to americans we're very welcomed wherever we go of course you can't say the same certainly on the political agenda and america trump has called the mexicans many bad words and he's warned americans about them crossing the border but what many americans don't understand is actually there are currently six thousand american refugees per day crossing the border from america to mexico no it doesn't go the other way it's not mexico to america there are those that are fleeing the drug violence but here we have people fleeing the health insurance market violence and that

qualcomm actually won $980 million. that all went into earnings this order.re's no affiliated cost with that. the result is that this quarter looked a lot better than it really was. if you look at the software growth on a year-over-year basis, percentage gains, you can see that the growth has been really bumpy. --n you look sequentially bigger sales in the fourth quarter. on a sequential basis, you can see the decline down 1% on order over order gain on software sales. that is concerning for this business. they need a business to grow. they spend billions of dollars in acquisitions. they planned to do even more. but they need to have growth, not just a survivable business. the concern among investors is, is this all we're going to get from this business as the hardware revenue goes away. emily: what kind of acquisitions could he make? cory: -- gerrit: it was highly hinting to them and told us when we went to talk to him that he will be doing acquisitions and he will be doing it to grow revenue. going back to the strategy cory was referring to when they were b

they want to argue that qualcomm has exhausted the right for loyalty.s close to an agreement to make electric cars in china for the first time. a deal would allow tesla to build facilities in a in shanghai,one giving elon musk's company better access to the world's largest auto market. that is your business flash. vonnie: it is time now for our bloomberg quick take. background on issues of the day. the battle of the brazilian president michel temer who arrived in moscow to talk with vladimir putin. in 2009, brazil founded biggest oil discovery, calling it the task force to the future. also the 2015 olympics on top of the 2014 soccer world cup. the economy has suffered its worst recession on record. unemployment is near record high. government and business officials are in snare old in corruption. ensnarleds incorruption. testimony indicated that president michel temer approved hush money for a jailed ally. he has denied wrongdoing and said he will not step down. sentiment has taken a downturn. the ims cut for zell's outlook. some worry the economy could

. >> this is exactly like qualcomm was in 1999 and 2000. >> this is the only real platform.esearch, because i believe in the humanization of pets and i believe in protecting animals but it's a semiconductor equipment company. >> andrew, thank you so much for calling in. jim, thank you. >> great day, everyone. >> i'm with you. >> final trades next. to anticipate is lexus. experience the lexus rx with advanced safety standard. experience amazing. the power of the nasdaq market. the power of 100 of the world's top companies. the power of an etf. the power of qqq. the thinking we put in, clients get out. power your client's portfolio at powershares.com/qqq. before investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. thithis is the new new york.e? read think again.. we are building new airports all across the state. new roads and bridges. new mass transit. new business friendly environment. new lower taxes. and new university

. >> john, explain the relationship with qualcomm at this stage they were not thrilled to have to pay almost a billion dollars. but at the same time, you're hoping to capitalize on qual come's move into the car with the qnx technology what is the relationship like and how are you building it? >> the relationship is quite good we have a disagreement over the licensing and contracts. both sides agreed to be friendly and whatever the outcome is going to be and then, you know, we happen to come out, you know, in my mind obviously the right way. but we also are working a lot on technology in addition to the security technology, we have always been working with, we just released a new product called hyper vicer it is for the car industry and they have adomented thpted put it in the auto dashboard so we're work together we enjoy working with each other. and we respect each other as companies. >> john, how you are finding the competitive position of blackberry when it comes to talent these days? you spent a lot of time in silicon valley waterloo has been through difficult times with blackberr

the meeting during the g 20 summit in hamburg qualcomm as relations between the two countries are atheir lowest in decades. war in syria, moscow's intervention in ukraine, american sanctions, and investigations into russian meddling in the u.s. election, including possible collusion between trump officials and the russian government. in the united states, the revised travel ban pit criticism. it began 8:00 p.m. eastern. half an hour before the band started, hawaii asked a judge to clarify whether the government violated supreme court instructions by deciding who is covered by the ban. the u.k. prime minister has won parliamentary approval for her legislative program after being forced into concession on abortion rights to stave off a potential defeat. theresa may's brexit dominated agenda passed by 232 votes. earlier, the government defeated to opposition amendments to end measu8res -- measures. the confidence index has dropped to -10 this month from minus five in may. this is due to the inconclusive election preventing britons from spending on big-ticket items. the world's second-la

moody's has launched an appeal against the judgment it broke qualcomm regulatory codes of conduct, whichesulted in a $1.4 million fine. the commission said a 2011 report on companies failed to properly explained judgments and explain the accuracy of its claims. concerns of critical commentary. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am courtney collins, this is bloomberg. guy: thank you very much. let's talk about what is happening in the united kingdom. counting is underway, polls are closed. a hung parliament looking possible, according to exit polls. the first two seem to declare in the northeast of england. you can see this on your bloomberg, a map of their. two seem to have gone to labour. this is a live excerpt from sunderland. take onget the bank's this three the u.k. poll results putting the pound under pressure. inwill get more commentary the fx markets within the next hour. haidi: taking a look at some of these safe haven assets bid up. golden u.s. treasury's opening higher. -- all be speaking about wake-up ca

we can't think about qualcomm and xp and others, seem to be a lot of other tech companies trying to moveadjacent areas, blending the real world with digital how much do you expect that to have an influence over stocks over the next few months >> you're right, john. we're getting now extra catalyst on top of very strong earnings growth in terms of these deals that are going off that is obviously creating m & a activity and interest in the sector as a whole. obviously i would expect it to continue i thought the amazon whole foods deal was interesting question talk about that later but i expect to see other deals like that coming down the road in technology which will create more interest in more of a catalyst in the view on top of the strong earnings growth >> what do you mean more deals like that? you mean more tech players buying brick & mortar retailers? >> we could see more of that i just expect down the road as we like for example in the cloud sector, you think of who are the major players in that group? well, not every player has a full portfolio of offerings. you expect continued ac

and he's with some heavy hitters from ceos including microsoft and apple and you've got amazon, qualcommibm, founder's fund, and they are all talking about these issues that can be affected, no doubt about it, by tech. what he's saying about the va, it's something you hear a lot of complaints about. having said that, he's somebody who is increasingly being looked at. he's about to go off to the middle east where he's going to be talking to the leaders of both israel and the palestinians. so this is really the first chance for a lot of people who have never heard him speak before. somebody with a vast portfolio within this white house, somebody very close to the president of the united states. i'm told he didn't make any news here. he's reading from prepared remarks. jared kushner at the white house for the american technology counsel sessions today. we'll be watching that. >>> in the meantime, let's talk about the most expensive congressional race in history. it cause as resounding blow. whether you golf or not, geico could help score you some great savings on car insurance. maybe even h

out of the meeting and what role he will play and he said, no interviews here we saw the ceo of qualcomm, a chip company that does the lion's share of its operations in china and as you mentioned, eamon, there is going to be this dynamic where the ceosss and their companies will want to be talking about initiatives that are close to home to them. and the government wants to discuss how these companies can play a role in modernizes the government's system. safra katz, the co-ceo of oracle arrived 10:00 a.m., a couple of hours before this meeting is slated to begin, but we'll keep you posted a as they continue toy a arrive >> kayla tausche, thanks so much many morequiarquise names arifit the white house. >>> snap shares higher i love this story. just because there's so many naysayers, they can continue do this, they don't do that, they can't compete with them. okay >> i don't think anyone was a naysayer about snap's ability to get big brands to commit to the platform i think the nay-saying is around the deceleration of user growth, and i don't think this does anything to change that. it's

because ofying qualcomm policies. hit according to reports from industry consultant deloitte. hacking efforts against the energy industry have become more frequent and sophisticated. meanwhile, all the equipment must be retrofitted for cybersecurity makes it tougher to defend against attacks. sprint has been in talks with comcast and charter to medications in the past month. according to people familiar with the matter, the most likely scenario is that the cable companies strike a deal that lets them resell services on sprint wireless network. comcast and chartered jointly discussed buying sprint, but that is seen as less likely. that is your bloomberg business flash. david: whether it's talking indications or grocery or health care, business consolidation continues. joining us now for a merger update is dale stafford. welcome back to the program. we will start with emma left off with telecommunications. we have this possible deal involving sprint. more broadly, we are seeing consolidation in this area. we have the pe

local media reporting samsung has lost qualcomm's chip business.bersecurity stocks, pulling up this board for our viewers to show you how they are moving. falling this morning. this is the bank of korea's says it is ready or an attack by hackers. taking a look at the fence related shares, a mixed picture so far. after the north says it is closer to test firing a missile that can reach the u.s. mainland. >> thank you so much. sophie kamaruddin with how the markets are trading at the open. the former vice chairman of goldman sachs in china says there is little to hold back the country's growing debt pile. about how the policy has helped to fuel borrowing. think china's debt, the size and pace, increased significantly in the past decade. 2007, china's overall debt to ,dp ratio was only 100 or 2% about average for emerging market economies. now it is as high as 260% and is still rising. that the deaths are domestic. most of the debt is domestic. secondly, the debt seems to be financed from a high savings rate in china. that is true, but the thing is ch

. >> which does at least bring to mind qualcomm. we'll sew how it ends. >> we're not tendering >> and that may be the case there, though the belief was they were paying too also for and they got it. by the way now they're saying it's going well. >> it's don't fabulously mark hurd, he has a total philosophy against his enemies you know what toto is for. >> the dog from "the wizard of oz"? >> no, turn off the oxygen they let benioff got ahead, but he's toto'ing all the other opponents. will you be on the call? >> i will be listening i won't be asking questions. >> maybe you can pass it on. >> ask him about toto. >> i will. maybe he's actually heard it. >> hurd has heard it these are three executives, by the way, they are freight trains >>> let's quickly wrap this up. >> really? we have a lot of things. >>> anybody else >> not enough. not enough. >>> why not? >> because it's total re-rating. $66 billion in cash. >> how long has oracle been a value stock? how long has been it -- >> you could say arguably a decade >> that long >> yeah. y

a lot of people are talking about how there's a conflict with qualcomm that kind of went up about theastest chip and came back down tech has been acting -- a lot of tech has been acting kind of problematic here, all the companies that certainly in to apple, even jaybill said things are strong and cook created all sorts of apps but then again, i don't know what the president really wants from these people. more jobs here it becomes a little trump fatigue. trump fatigue. >> yes, we've done this many mornings it has been a while as soon as we' -- since we've done the tech meetings >> merkel was there. i don't know if they have a german "apprentice." >> we're told facebook was invited but said they couldn't attend because of scheduling >> and cisco also. >> and mark benioff. >> do you think safra catz is going to say you have to get the money back in? he's not stopping people from getting the money in he's pro that. wilbur ross is saying everything's great it's great, great, great you know, it's great it's great, david. >> okay. if you say so. you were away for a week there's a lot of agr

meeting that is expected to get under way the leaders of alphabet, ibm, microsoft, akamai, adobe, qualcomm the list goes on many would not say anything when i asked them what they hoped to get out of the meeting and what roles their company could play in shaping those the ceos of mastercard said they were looking forward to the discussion on cybersecurity. they specifically acknowledged that, yes, his company does a ton of business with the u.s. government they are hoping to advance the government's move to the cloud and to secure much of its data but when i asked him about this discord between the west coast, between technology and the trump administration and his assessment of the white house so far, here's what he said >> overall, we're excited to engage we're looking forward to the progress we can make and, obviously, from maybe a bit of concerns to start with. me and many of my fellow tech ceos are here to do a great job today. >> are those concerns gone >> i think we're excited to be here today and do a great job moving it forward. >> in addition to modernizing the government, there

though 5-g maybe to use your word a threat to company likes this >> a lot of money has to go to qualcommarket a little soft here. >> it is a little soft. >> i think bed bath is causing people to once again question the bricks and mortar and that's causing another like them. >> i was looking at my names here and then i saw aaba i was like what the heck is aaba do you know what it is remember yahoo! is now altaba. >> why are people floating marissa mayer as someone that's going to take over uber. it's fanciful don't you think? >> i do. >> you shoot down everything i like that. >> you speak about uber, one that had almost as much as a $70 billion value in the private market given it's last round of financing but when you lose your founder though, fiber led is is important. alibaba has ma, zuckerberg at facebook >> if i were these four members i would have brought someone in as a senior guy to be the public face. >> kept him as chairman. >> the model which is you bring in a seasoned hand who everybody loved by the way, made it so that was the next leg of google was when they brought in a sea

qualcomm, nvidia, fractional declines there consumer discretionary also not doing too much autos are all to the downside, gm lowering their vehicle sale this is year low 17 million range there and you see fiat down 1.25% there. we're not expecting policy commentary for her she can't be terribly happy to look at these imf numbers here they're lowering their numbers to 2.1%. u.s. gdp it's interesting this is starting to diverge with the feds or converge with the feds commentary the fed has 2.2 for 2017 and 2.1 in line with the imf for 2018. and while they did talk about benefits for tax reform, things that sound like the trump agenda, estimates that the u.s. gdp could grow by 1% was probably unrealistic they're assuming no policy changes in these estimates right now. even there, there's some dispute about how much the trump policies will make a difference. right now, the dow down 32 point s. back to you, sarah. >> i agree with you, bob i thought it was an endorsement by the imf of the trump agenda, deregulation, tax reform, saying that the u.s. needs all of that. bob pisani, thank you.

so do you think it's over done i mean, do you compare it in some way then to a qualcomm in the late 's? that run up to the dotcom boom even though the business is doing extraordinarily well, to your point, it can only go so far? >> well, i think that i would give it -- it's like on the jersey turnpike, it's going 78 i would give it a speeding ticket it could slow down it's faster than all the other cars my big issue here, david, is not necessarily that it won't get much higher eventually i just don't want -- the speed with which this thing is going and how much faster it is than every other stock reminds me, you know, it still -- it's featuring who its end markets are. its end markets are strong we know that from adobe, we know that from speaking to alphabet and to facebook. i just get concerned that stocks get too hot in an environment where we might have a selloff and then everybody runs away that's all i'm talking about you buy this one on a dip, not when it's climbing and i make the analogy to my dog. why do i do that i just don't want people to get hurt i think nvaidia is fabulou

president trump after the big meeting yesterday and an exclusive as the battle between apple and qualcomm chairman talks that and the future of the smart phone coming up on "squawk alley. tell your doctor about your medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have a sudden decrease or loss of hearing or vision, or an allergic reaction, stop taking cialis and get medical help right away. ask your doctor about cialis. and get medical help right away. you're searching for something. like the perfect deal... ...on the perfect hotel. so wouldn't it be perfect if there was a single site where you could find the right hotel for you at the best price? there is. because tripadvisor now compares prices from over 200 booking sites... ...to save you up to 30%... ...on the hotel you want. trust this bir

and later, we will talk to the ceo of a company making security robots being used in malls and on qualcommnd uber's corn pratt campuses. we have one there. we'll talk about it and show you more are we going to launch that thing? >> good morning. when this bell rings... ...it starts a chain reaction... ...that's heard throughout the connected business world. at&t network security helps protect business, from the largest financial markets to the smallest transactions, by sensing cyber-attacks in near real time and automatically deploying countermeasures. keeping the world of business connected and protected. that's the power of and. e*trade's powerful trading tools, give you access to in-depth analysis, and a team of experienced traders ready to help if you need it. it's like having the power of a trading floor, wherever you are. it's your trade. e*trade >>> welcome back the bank of england's latest rate decision is due back at 7:00 a.m. eastern time in the united states weekly jobless claims may import prices and the june philly fed survey at 8:30 eastern time at 9:15, we'll get may industr

equivalent, the big cash buyers in the u.s., qualcomm, johnson & johnson, blackstone.sistently positive, but substantial amounts, which makes a lot of sense. you not to limit cash unless the underlying business is good. look at the affiliates of these chinese companies, consistently negative, which begs the question why the banks are lending to them in the first place. rishaad: nice one, david, joining us from sydney with the latest on these troubled serial acquirers in china. facing this, well, probe if you like. is holding atakata news conference in tokyo after the company confirmed it is filing for bankruptcy protection at home and in the united states where it's assets will be under chapter 11 protection. event is being led by the chief executive and president of takata. the companies potentially lethal airbags are linked to at least 17 death around the world and trigger the biggest product recall in history. tradinguspended from today and will eventually be delisted on july 27. to the united states, the senate expected to vote on the new republican health care pla

. >>> qualcomm has unveiled a new fingerprint sensor used to unlock smartphones the chipmaker says itecurity, can be used underwater and from behind a thin pane of glass. >> hmm >> i guess if it's raining -- >> if your car goes into the water and you're under water behind the glass >> maybe >> that's so weird >> in the shower, who knows. >> in the meantime, target is testing a next-day home delivery service. target restock will be rivalling amazon's prime pantry. it's going to allow online shoppers to fill a box of up to 45 poupds for $9.99 a box. for now the service is only available to target red card holders who live in indianapolis >> so the same loyalty concept, and then you're more likely -- >> everybody's getting amazon. >> for sure. >> everybody is getting amazoned >> still ahead, former narc governor george pataki is going to join us on set, including infrastructure, president trump, and now, he's taking on puerto rico's debt crisis as we head to break, take a look at u.s. equity futures the dow, the s&p, now look at the nasdaq, big turn in the nasdaq this morning. now open h