. >> comparatively qualcomm, sysco systems. the names go on and on. >> but they trade at low multiples for an extended period of time. those aren't new they continue to trade at low multiples. >> if you make comparisons, some people are trying to look at the nasdaq and the 100 and get scared and say, okay, is this 1999, 2000 all over again? obviously the forward p.e. of the 100 doesn't come close to comparing to what it was in '99, nor does where the ten-year is relatively to where the ten-year moved from '99 into 2000 then you have these very large numbers that really were reasons to be concerned. you don't have that. >> right. >> you don't have that today. >> and here's where the market is also distinguishing it's got a twitter, a blue apron. you can't come with an ipo like a blue apron and promise the moon right away. the market adjusts and says, you know what, we don't believe it whereas garage.com, hopeless business models that were never going to put up revenue, trading up near $100 a share >> part of the point of bringin

developed by qualcomm technologies, this 100—metre stretch of dynamically charging road is also being versailles. i do like the idea that although the road networks have obviously been a major source of the planet's pollution problems, they could also be, in the future, one of the solutions to the planet's energy crisis. and with the uk government phasing out diesel and petrol vehicles, renewable transport solutions like this mightjust be the ticket. stationery induction charging works like wirelessly charged phones, producing a magnetic field that's converted to dc power. though this technology has been with us for a while, dynamic roads are an exciting development. how accurately do you have to park this thing so the two pads are aligned? at the moment we're talking about an area the size of about a dinner plate, as long as that's aligned on both sides you should be able to send the charge through that. you have a line of these on a road and you simply connect them all up and that would effectively give you a charging road. as long as the car was obviously aligned with that, and the

there's a fight between qualcomm and apple. apple is making a watch.great wearable technology i think this could be terrific for you. i think that apple's iphone and ipad modem business could be terrific for you i know we're not supposed to talk about that particular customer but let's just be -- let's just kind of play make believe. is there not a possibility that a giant company, maybe the world's largest, would be switching a lot of business toni tell from qualcomm because of a spat with qualcomm and the superior technology of intel >> so, you know, here is how i look at this, jim. we've invested a huge amount of effort into the modem business to become an industry leader as a technology what we're seeing is customers becoming more and more interested in our modem and us gaining share in that process. so i think absolutely over the next few generations you're going to see us continue to gain share in our modem but it's because of our technology leadership and the great engineering that intel has put into that modem. >> all right >> and when we see t

ahora le voy a presentar a douglas mundo, director de canal qualcomm center.isores han aprobado dos resoluciones en favor de proteger a la comunidades inmigrantes. tambiÉn han aprobado una carta a la legislatura, en favor de la sb54. estamos pidiendo lo mismo para las diferentes ciudades, cartas de apoyo a la sb54. >> san rafael es el corazÓn latino del condado de marÍn, esta carta permitirÍa que haya mÁs confianza la comunidad inmigrante. ramÓn: tendremos mÁs en sÓlo a las 11. un incendio de dos alarmas en un complejo de apartamentos, desplazÓ a residentes de 3 u iniciÓ en una de las viviendas y las llamas se propagaron afectando otras 2 u. el bombero controlar el fuego horas despuÉs y las personas afectadas, ahora reciben el apoyo por parte de la cruz roja. el incendio de vegetaciÓn que iniciÓ el pasado miÉrcoles en las colinas de auckland,estÁ controlado en un 100%. el fuego arrasÓ con 20 acres. los bomberos ya se retiraron de la zona, pero el personal sigue patrullando. la investigaciÓn sobre las causas se mantiene vigente. la sed de conocimientos parece i

iphone 7 qualcomm wants a ban on iphone models that uses modal shifts.rican regulator hopes to complete its investigation within 45 days and more potential hurdles for fox's take over of sky as the uk government asks for more information about the potential purchase a decision had been expected in a few weeks. fox reports its fourth quarter results later today. >>> our top story, north korea says it is examining plans for a missile strike on the u.s. territory of guam. the latest threat is just hours after president trump hit his starkest warning yet to kim jong- jong-un's are a beam >> north korea best not make anymore threats to the u.s they will be met with five fire and fury like the world has never seen he has been very threatening.\ e and fury like the world has never seen he has been very threatening.\ fire and fury like the world has never seen he has been very threatening.\ fire and fury like the world has never seen he has been very threatening. fe fire and fury like the world has never seen he has been very threatening. fr and fury like the wo

. >> no, they say we reiterate outperform on intel and qualcomm and -- >> so what they are suggesting is that you want to own the cheaper chip companies and i would argue history people have done very well in this sector, they have latched on to the companies that have the most growth and even if are you paying a higher multiple which obviously no one wants do, probably it's a better trade than saying what are the cheapest chip stocks going into the independent of a chip cycle. it makes no sense to me. so they throw in shade at invidia for being expensive.of . it makes no sense to me. so they throw in shade at invidia for being expensive. i would say with that and not jump into like what are the cheapest names they are cheap for a reason. >> i agree texas vumtinstruments is a low moving stock that continues to move higher. lamb research another research tara dine. i think the semis are still fine and back to the question i asked about confidence if we're going to see enterprise capital spending continue, then the semis will continue to benefit from that and again, is there any sign th

he utters water threat or if he does anything with respect to qualcomm or any place else that sort of american territory or an american ally he will truly regret it and he will regret it yes donald trump tweeted the u.s. army is a locked and loaded against the secretive east asian state it's just the latest in a long line of rhetoric from the american leader north korea this not make it even worse threats to the united states. they will be met with fire fury. like the world has never seen the people that would question that statement was it too maybe it wasn't tough enough so that if there is a state that has nothing to do with there that's a statement and while it's still a war of words for now western media report the pentagon has plans for a preemptive strike on north korea's nuclear facilities but that's raising fears across the border in seoul as explains. so what if mr trump goes forward and all these roughly two dozen north korean missile launch sites testing grounds and other facilities go boom there is no way kim jong un take revenge what are they going to aim at. the north k

sector so i want to look at a favorite and least favorite going to start with a least favorite, qualcomm draw the lines any way you want. 18 times free cash dplflow, 38 times. one way to draw the lines would be this. we have a well-defined break in trend with a gap meaning that's typically an earnings miss okay another way to draw the lines would be this. a fairly well-defined head and shoulders and a weak right shoulder that's usually if we put our line back in, we've got that whole range there. you've got this break in trend and not a good setup all right. moving on. intel. i think you draw the lines like this a lot of tension there and my guess is that we're going to break out and then finally, take a look at a long-term chart of intel going back to the '07 peak, that is a well-defined wedge. you can call it whatever you want, but it is tension and the presumption is that intel is going to exceed these highs. defensive name within an aggressive area of the market that is still well below its june 9th level >> i think carter comes over come on over, carter i mean, he's the chart master

he utters water threat or if he does anything with respect to qualcomm or any place else that sort of american territory or an american ally he will truly regret it and he will regret it fast. technically you can't have a thousand percent but will brush over that has now posted emergency guidelines on how to act in case of a nuclear strike he's advised locals to avoid looking at the flash or fireball and to waste no time running for cover they were released these guidelines shortly after donald trump extensions yet again by far enough yet another tweet the president took time to inform the public of the u.s. army is quote locked and loaded against pyongyang it was the latest in a spate of talking tough from the u.s. leader. north korea. there's no make it work threats to the united states. they will be met with fire and fury. like the world has never seen the people that would question that today it was. maybe it wasn't tough enough so that if there is a state that has nothing to do with there that's a statement while it's still a war of words for now western media report the pentagon

he uttered was threat or if he does anything with respect to qualcomm or any place else that sort of american territory or an american ally he will truly regret it and he will regret it pass. has no posted emergency guidelines on how to act in the event of a nuclear strike locos a bit of advice to avoid looking at the flash or fall ball and to waste no time running for cover or pay the guidelines were released shortly after trump upped the tensions yet again he did this in a tweet the president informing the public that the u.s. army is quote locked and loaded against pyongyang and that was the latest in a series of ultimatums against. north korea. this make it work threats to the united states. they will be met with fire yuri. like the world has never seen the people that were questioning that statement was it. maybe it wasn't tough enough so that if there is a state that has nothing to do with there that's a statement meanwhile several media outlets have been claiming that the pentagon has plans for a preemptive strike on north korea's nuclear facilities that is raising fears acros

military threats in announcing it was rigging plans to strike qualcomm where the u.s. hosts several to teach it bombers a statement released by the korean people's army promised quote a preemptive retaliatory operation of justice if the country detects signs the u.s. is planning to strike d p r k r t's and least two has more. before trump made that statement to the reporters well the washington post published article quite explosive article claiming that their reporters have read this latest u.s. intelligence defense report which claims that north korea has already built nuclear warheads small enough to fit on missiles at the same time the report put the arsenal of north korea at sixty nuclear weapons which is more than previously thought now this washington post article did not provide any evidence to prove how the reporters got their hands on this document this spite that it's been picked up by the mainstream media and why they reported on top of the washington post article things got to a boiling point on tuesday when the u.s. flew to b. one b. bombers over with its

>> this year marks the 75th anniversary of the battle of qualcomm now during romar to create -- world war ii. the author argues that without the navy's help on water the lost theay have campaign on land. this was recorded at the 2012 writers symposium at norwich >> that afternoon -- that afternoon. introduceleasure to james one pressure -- hornfis cher. is from the rocky mountain news. i phyllis describes him very well. he is the author of three works of naval history. the last stand of the tin can standards. named by naval history magazine as one of a dozen all-time naval classics. his second book, ship the ghosts about the cruiser uss of houston -- usf houston was a mental action of the military book club and the winner in 2007 at the united states maritime literature award. his most recent book, negative positive inferno, published by bantam in 2011 is an account of the water canal naval campaign. he has handled a number of nonfiction bestsellers, including the number one new -- flagss bestseller of our fathers. he will serve as the moderator. today, he will be speaking about his m

china has their own policy called made in china twenty twenty five anything left still imported like qualcomm chips they're trying to get made here they're trying to employ their own workers so this is not an unusual national policy so i support serious troubles elected all year here in china is talk more people oh we've got to go set up planes in united states so that kind of thing works in the somebody telling them look if you want to sell in america you better manufacture an american employed cloyd the people that are barred from you makes sense right so you mentioned mercantile ism and china's mercantile us policy is a little bit earlier it's actually growing their wealth at the expense of other countries and they have achieved this was a dollar pegged to make sure that imports into china don't. go up in value too rapidly so the effect in america for the average consumer is something i guess you could call adjusted real consumption in that even though they are losing money on their wages the price of the stuff they're buying a wal-mart continues to go down faster than the rate at which th

. >> did he talk at all about china and qualcomm >> we talked a bit about it during our interview. >>great interview. >> we did talk about it. >> everybody has to deal with china. qualcomm has a huge business there and i always felt that you have to go in there and really just, either sell coffee or sell kentucky fried chicken not to be stolen. >> what about iphones, though? this is tillerson plagying hard ball he's easy when things are peaceful no better when things are tough. >> people still talking about what a solution might look like. as for apple china was down 9-5 year on year sounds bad but it's the first time in five quarters it doesn't down double digit. >> and tim cook has an analysis of what would have happened and that's important because people still bashed him on china. but the conference call was no longer hey your best days have passed now let me ask you a question, no longer are those questions about so when are you going to do the car already chief? it's not that sports stuff they were doing for awhile. it was genuinely insulting the analysts are no longer insulting

air argue is its based on what they get it's the key for qualcomm.eo about it he is more or less deferred on it as he should. what is he supposed to say you have to wait. >> we have to wait, jim. >> you never know he face peemd down my charitable trust i'm telling people don't tender. go with elliott. >> electrical bot owes the way around these things. it's a dutch company too we have the opening bell in a few minutes. we're going to go for a lot of stocks you should be watching including comments from softbank because they continue to talk deal somehow for someone a deal. stay with me, mr. parker. when a critical patient is far from the hospital, the hospital must come to the patient. stay with me, mr. parker. the at&t network is helping first responders connect with medical teams in near real time... stay with me, mr. parker. ...saving time when it matters most. stay with me, mrs. parker. that's the power of and. chances are, the last time yoyou got robbed.an, i know-- i got a loan 20 years ago, and i got robbed. that's why i started lendingtree--

i don't know, who did they win that is so noteworthy, because this is qualcomm and nordstrom and humanaad to be the big jobs that were up for grabs >> so our math is at 30% of the fortune 500 has chosen workday 50% of the market of those fortune 500 companies haven't made any decision yet. but from our math, we're the clear leader in the fortune 500 segment, but there's still a lot of market opportunity in front of us. >> if we had carlos on from automatic data i said how much business -- i was listening to the forecast obviously from pershing capital. and he was saying why aren't you as good as workday he said, they're our partner is that a correct description of your work with automatic data? >> well, i would say they're our competitor and our partner, and i'm a fan of carlos. i think he's a very good ceo that's a business that's been around for 50 years, and when he took over as ceo, he inherited a company with a lot of legacy software, and he's trying to transition them into the cloud we had the great luxury of starting with a clean sheet of paper. we have many joint accounts where

review of the amazon takeover, the proposed takeover of whole foods, but also the lawsuit against qualcommllegedly abusing its monopoly in the market for smartphones. somebody from the george w. bush administration taking over as head of the ftc. -- ftc if this all happened but it is said to be trump's. -- trump's choice. starting next year, disney will begin distributing a new espn service directly to new customers brady will follow that with a video streaming service ending the deal at that point with netflix. shares of disney and netflix move lower on the news. bloomberg press reporter spoke to bob iger right after the earnings call. eiger explained the profound shift in the media landscape that trigger disney's new move. >> we are going to continue to distribute the espn linear channels through the cable distributors. they been good partners of ours over the years and together we managed to create a highly profitable business. the distributors and programmers alike have been experiencing the disruption of the whole market is seeing and multiple businesses are seeing from advances in te

chips that will strike back later in the year and intel's capitalizing on that huge fight between qualcomm and apple. you can't talk about being an apple supplier on tv so he definitely dodged by inquiry. tried. but eric johnson, who writes about these things for the street, isn'ts that intel is making in roads to supplying apple with modems all over the place, including perhaps the newly empowered, better than this one, siri, get me the newest watch to me, intel at 12 times earnings is one of the great bargains out there, especially with a stock paying 3% yield sure, it will be hard to beat, in individual nvidia i don't know, if you ask me, for $36, it's worth the ticket to see how he does. let's go to todd in nebraska todd >> caller: jim, boo-yah to ya. how you doingsome >> i'm doing well. i have no voice, but what's going on with you? >> caller: stm microelectronics, up 135% in the last year, 59% year-to-date do you think they're going to keep on growing, buy, sell, or hold >> it is a good company. i do like the semi conductors. i guess my problem is, that looking at the trading this ve

here they come for race two in the qualcomm city e3. already drivers are mixing it up. >> breakdown on the inside. >> this is what speed sounds like now. welcome to formula e racing. all the adrenaline, all the excitement, with very little noise and zero emissions. and if you've never heard of electric car racing, you probably also haven't heard of anand mahindra, whose team came in second and third in this recent race in brooklyn. ♪ >> but in india, mahindra is a household name. in a country known for poverty, spirituality, and some of the most congested streets on earth, he's a billionaire who drives a tiny, cheap, all electric car called the e20. >> sustainability is an opportunity to innovative dramatically. if you look at leaps of innovation, they've come around a single movement of volitioinn. >> the e20 is the only electric car made in india. this woman couldn't wait for her father to sign the papers and for the whole family to climb in. they think it was cramped or basic or slow. they thought it was the future. so does mahindra.

here they come for race two in the qualcomm city e3. already drivers are mixing it up. >> breakdown on the inside. >> this is what speed sounds like now. welcome to formula e racing. all the adrenaline, all the excitement, with very little noise and zero emissions. and if you've never heard of electric car racing, you probably also haven't heard of anand mahindra, whose team came in second and third in this recent race in brooklyn. ♪ >> but in india, mahindra is a household name. in a country known for poverty, spirituality, and some of the most congested streets on earth, he's a billionaire who drives a tiny, cheap, all electric car called the e20. >> sustainability is an opportunity to innovative dramatically. if you look at leaps of innovation, they've come around a single movement of innovation. >> the e20 is the only electric car made in india. this woman couldn't wait for her father to sign the papers and for the whole family to climb in. they think it was cramped or basic or slow. they thought it was the future. so does mahindra.

where they have been first, they were first on the faster chips, reducing reliance on companies like qualcommvanced in terms of optics for cameras and the app store idea was popularized by apple. mobile payments, those were popularized by apple and the 3-d hundred milliseconds to unlock the phone, that speed is unique to apple for the near term. make the pointo that is innovation in itself and i'm being coy in a way, but it is highly innovative in itself. talk to me about the reconfigured camera does this i am excited about. it really is the future. talk me through this because this is new. guest: earlier this year, apple announced a new program. tools to build a are apps. we had an example similar to the ar kit and i was able to play a game in the back of our studio and shoot rockets at these fake buildings and it was really cool. another example was bmw has a nap and i was able to put a seven series bmw in our studio, actual size in terms of the ar graphics and go into it, check out the steering wheel and change the colors of the seats. i was able to put a 75 inch tv on the wall here. if yo

developed by qualcomm technologies, this 100—metre stretch of dynamically charging road is also beingns to the planet's energy crisis. and with the uk government phasing out diesel and petrol vehicles, renewable transport solutions like this mightjust be the ticket. stationery induction charging works like wirelessly charged phones, producing a magnetic field that's converted to dc power. though this technology has been with us for a while, dynamic roads are an exciting development. how accurately do you have to park this thing so the two pads are aligned? at the moment we're talking about an area the size of about a dinner plate, as long as that's aligned on both sides you should be able to send the charge through that. you have a line of these on a road and you simply connect them all up and that would effectively give you a charging road. as long as the car was obviously aligned with that, and the technology was all linked and synced up, the car could actually charge while it's driving along using exactly the same principles and technology. critics though worry about the infrastruc

. >> yeah, unusual semiconductors agreed to be acquired by qualcomm obviously doing well, trading aboveh price, four times the daily average put column today somebody paid a little over 50 cents for 10,000 of those. people wondering if they'll get deal approval by the end of the year the stock was trading about 82 bucks before that deal was announced. somebody might be betting it falls through. >> thanks for that, mike full show is tomorrow 5:30 stn me. >>> up next u "final trade." stay tuned 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. see options data like never before. with thinkorswim only at td ameritrade. it's time for the biggest sale of the year with the new sleep number 360 smart bed. it senses your every move and

if you look at intel, if you look at cisco, even qualcomm over the last week, now it's got some specific problems that hold it back, but even these older-line technology stocks have been performing along with this and what it may well be indicating is that money is coming into the etfs and the nasdaq 100 has to have a certain weighting in these stocks and they get sucked up with it but it is a broad technology -- >> i want to also mention that it's not only a broad technology rally, it's international. look at what ten cent reported last night ten cent is essentially the number one mobile gaming platform in china, combined with the facebook of china, which is we chat. 1 billion users and growing. this is one of the biggest winners you'll ever see. already up 70% year-to-date, continues to go higher no one talks about it. it's an enormous market cap, globally take a look at k-web here in the u.s., if you're afraid to wade into things like baba and ten cent on their own, k-web is an etf that owns chinese internet stocks it's up 60% year-to-date one of the most pristine uptrends you will fi

. >> this year marks the 75th anniversary of the battle of qualcomm now during romar to create -- world war ii. the author argues that without the navy's help on water the lost theay have campaign on land. this was recorded at the 2012 writers symposium at norwich >> that afternoon -- that afternoon. introduceleasure to james one pressure -- hornfis cher. is from the rocky

this question as to whether or not when they get the regulatory approvals qualcomm will be forced tor a deal where it already agreed to pay $110 in cash why would it pay more? 80% or more of the vote of shares would not be successful >> why would you believe that? certainly not. if you're buying it let's call it over the last few weeks when it's trading around there. you believe the ability will be there to garner higher prices as a result of their inability to get the needed shares tendered to them. at this point he is saying we're going to focus on that when we have to but they may have to nxp is a dutch company just to remind people. >> it's reminding me of the cabella situation. if you have a company i don't know if they're going to be able to change the price there. it continues to get dragged out. they're not doing well this is not there. see where they might start to move on the card business too. >> so we'll see. we'll see on this situation how things end up. again i've been talking about it for months we probably still have a couple of more months to go before it gets to cru

last word again, yim, on the actual internet of things and the opportunity it really presents for qualcommd map of cellular is becoming close to cellular these industries are being disrupted because their things are getting connected to the internet and new business models associated with controlling or looking at big data really are important. now we enable that connectivity and the low power computing that goes around it. >> $3 billion, jim just in the last, in the last year from chips outside of cell phones. >> and it's interesting. it was a good number the problem there is that the deal is at 110 will they get it at a price they like. >> that's a story for the future. >> 5-g has been identified with broadcom which is the old merger >> all right let's not forget mr. santelli and get to him now in chicago. >> good morning. do you see 46 basis points year to date chart shows ever since the beginning of july we popped over 48 you can see the two tops on the left should we start to close under that level it seems possible. that would be technically significant for rates and all rates seem t

article on the bloomberg for companies like qualcomm, bhp least $1 billion in sales generated from southrally in terms of equity markets on this monday morning. asia, a markets in positive start coming gearing up for jackson hole this week. the dollar firmer, the yen sliding .1%. snaps a three-day drought, trading .1% higher. the yen softer with gold. ,heck out the kospi fundamentals still solid, a rise --experts at 11 port 6% exports at 11.6%. that is all green well for corporate profits. well s all green the military drills between the u.s. and south korea start. overon has strengthened the course of these exercises for the past five years, now tenuous given the words between washington, d.c. and beyond yang. the cost be .2% higher today. , so watching up curbs for property stocks in australia, the asx 200 sliding .2% despite gains in steel and copper. on also extending gains friday. brent near a three month high. just below $50 a barrel, so the the benchmarks at the widest in two years. bluescope steel reported results, falling 16% earlier, so lower for a second straight day. also, ch

it would be a big victory over qualcomm. stabba is taking another at its u.s.tal has no right to chip reduction that is crucial to both come -- both companies. toshiba says it will be built with no input from western digital, thereby cutting the company off from new technology. western inherited its stake in the venture when it bought toshiba. the chairman held talks over the weekend with the michigan governor and is ready to make an announcement soon. it is not known how much money would be involved. spend moneyonn will on a new display plant in wisconsin. next, we will up talk commodities as well. dig.ig miners the third-largest gold producer in china, we speak to them about acquisition. this is bloomberg. ♪ we check our phones 85 times a day. so it only made sense to create a network that keeps up. introducing xfinity mobile. it combines america's largest, most reliable 4g lte with the most wifi hotspots nationwide. saving you money wherever you check your phone. yeah, even there. see how much you can save when you choose by the gig or unlimited. call, or go

up from $3 billion of course, that vision fund, other investors include saudi arabia, apple and qualcomm guys, back to you. >> josh, thank you seems like there's news on the vision front every day. >> there is. >> buying up all sorts of businesses >> here we go. less than 40 minutes before the closing bell we've only got the nasdaq of the big three in positive territory. the dow is off by about 16 points the s&p 500 up a little more than a tenth of a percent. wisconsin was certainly one of the key states that helped deliver the white house to president trump. coming up, governor scott walker tells us how his state's economy is faring more than six months into trump's term. >> and, boy, what a mess hundreds of hertz customers visiting portland oregon later this month to get a view of the upcoming solar eclipse outrange now at car rental company. we'll tell you why when we come back >>> they will be met with fire and fury like the world has never seep he has been they threatening beyond a normal statement, and as i said they will be met with fire, fury and frankly power the likes of which

qualcomm and others down 6%, 2% for the week big momentum names even more important is what happeneday. remember, we say very important because energy stocks are contributing a very large part of the earnings expectations for the second and third quarter we had some disappointing comments today from apache, oasis, concho and other big names, noble energy another one that was down notably. if you can't get the kind of earnings expectations from an energy group, that might mean overall numbers will have to come down for the s&p because you get such a big contribution. bottom line right now is right now s&p has just paused. there's some weakness in other major sectors and i think we'll have to see how this plays out over the next couple of days to see if something more important is coming on back to you. >> bob, thank you. stephanie, what do you think here we're seeing some turn obviously? had some record closes where's the most opportunity >> well, it's more in the thick of it with earnings. earnings are actually running better than expected kind of on a broad measure, running 10% on t

that would be a big victory over qualcomm.t the challenges facing the global economy. that exclusive conversation coming up next. this is bloomberg. ♪ haidi: welcome to bloomberg markets asia. i'm haidi lun in sydney. dealers the diggers and is going on in joining us from the event, the keynote speaker, the former world bank speaker roberts ehrlich. robert, thank you for joining us. about the state of the mining industry there and what it tells you about the global economy. the coverage is just begun, but i get the sense that -- >> coverage has just begun, but i get the sense that people are positive. they know that there was a lot of capital investment in the past. a lot of it depends on the state of the chinese economy. i think it is pretty positive, but they tell me, if you are in the mining industry you got to have an optimistic outlook. rishaad: absolutely and the new president with the protectionist people asking you about that protectionism and whether you see it actually really coming into play and developing almost in

nancy pelosi abstained and that qualcomm and it is welcome news but it doesn't disguise on white supremacists again, there is one white supremacists in the white house, but that doesn't change the men sitting behind the rest of them. in other words, there is a scene here, handing this over and over again that somehow donald trump in anybody working in the white house these days they're white supremacist and i think it's irresponsible. >> i've never called donald trump a white supremacist. now playing i'm doing it on the show or any other show. it's important to consider the factors been bipartisan and widespread disgust to the charlottesville attack. there's also a lot of calm that's come over for a lot of republicans and steve bennett said that from the white house. obviously harsh language in its extreme for sure. i think when you look at trump's initial statement, when he went back to you, i understand why there is cause for concern there. >> let me jump in for a second. you know me well enough. i wanted him to shut it down because i see the leftist media out there trying to egg him on and