qualcomm used a ship from them and they moved intel and that her qualcomm possibility to grow. that it's moving back to apple, that will return to growth. should see year over to your growth for qualcomm. even that flat june quarter begins much stronger and they hinted at a very strong fiscal 21 sues you go to the december quarter and beyond which is a full volume of apple you will see very strong re-acceleration of qualcomm's year-over-year growth. taylor: the earnings parade continues after the break with fourth-quarter results from uber. how the ride pricing and company's food delivery business are affecting the bottom line. twitter listss surprising results. this is bloomberg. ♪ ♪ taylor: it was a better-than-expected quarter for twitter. it beat estimates for revenue and the number of you new daily users. now has 152 million people logging in daily. that is 21% more than a year ago. i got details with the twitter cfo. pleased with our daily active user growth that we deliver this quarter. 21% growth means we are making it easier for people to find the things they are for.

qualcomm needs to ship to them.5g is coming and apple moves back to qualcomm, that will help them return to growth. he should see very strong year-over-year -- we should see very strong year-over-year growth for qualcomm. very strongat a fiscal 21. as you go to the december quarter and yonder, you will see very strongly acceleration of qualcomm's year-over-year growth. >> the patents have been a number -- the subject of a number legal disputes. is there a safe way for qualcomm to continue to make money? ofe: they did a lot questioning on the call. as a key contributor to the standards for 5g and other competitors combined, they are a big driver of wireless standards. they continue to get very good revenue on the qt l side. that was a strong quarter. the potential upside longer-term is one of the largest handsets in the world. huwe way is the huawe -- wei is the only one not paying. >> what about qualcomm's exposure in china due to the coronavirus? they gave up wired guidance. we saw that from apple and other supplie

qualcomm moved to intel and that really hurt their ability to grow.will see strong growth for qualcomm starting even in flattish june. they hinted at a strong 2021, so if you go beyond, you will see a strong acceleration of qualcomm. taylor: the earnings parade continues with fourth-quarter results from uber. we find out how the company's food delivery business is affecting the bottom line. we discussed twitter numbers with the chief financial officer. this is bloomberg. ♪ taylor: it was a good quarter for twitter, beating estimates for revenue and the number of daily users. they give credit to product improvements and personalized content. they have millions logging in daily, 21% more than one year ago. i got details from the cfo. ted: we are so pleased with our daily active user growth. 21% growth means we are making it easier to find what people are looking for, allowing them to follow topics and not just accounts. we do the hard work for you. there is so much room to improve on, but we have 1700 topics to follow across six languages. there is so m

. >> many analysts are optimistic on qualcomm's ability to build out on 5g.evenue and margins going forward, given share gains in 5g, higher average selling prices and increased royalty revenue. the question is whether the coronavirus has impacted the supply chain and inventory in china. take a look at the chart you'll see it's up about 31% over the past six months i'll send it back to you >> thank you i want to get your thoughts, josh, on qualcomm or the chipmakers more broadly. >> i feel like qualcomm is not necessarily representative of other chipmakers a lot of it over the last few years has been about patent stuff and litigation and i feel like now it's more about demand for the end products i'm not in the name, i don't have any position. my sole individual chip stock right now is nvidia and i'm kind of on the sidelines with this name i want to have fun, though that's the important thing. >> you can have fun from the sidelines, cheer on the players. i would say qualcomm and broadcom are slower and the rest of the industry is the dynamic boom box. >> we'v

i love qualcomm. i am just about doubled my position this morning when i came in. i naught it was ridiculous the stock was down i thought the call was good. they are making tremendous inroads. >> they lowered their guidance. >> they only took down the bottom they took the bottom of the guidance down by a nickel because they don't know how to calculate in the coronavirus now, the call didn't if as analysts would have loved because they didn't give you a lot of granularity or margins. but i also went and sold skyworks this morning before i came on the show because they talked about a solution that includes part of skywork and qorvo's product that's fully integrated i have got to figure it out. to me, i came out yesterday and said i bought more skyworks. the fundamentals changed apple is still designing -- getting their own filters and stuff. but this could be a major issue going forward. >> i am also sort of reminded that the narrative kind of changes, too a week ago, if qualcomm and would have cut thei

meantime, the qualcomm came in with strong sales forecasts.t is thanks to its belief in 5g networks. the ceo says the third quarter will be flat. we discussed this with ian king. >> we had a nice report. says we are not sure about the third quarter. the analysts wanted things to be linear throughout the rest of the year, and as soon as that expectation was confounded, the stock went down quite quickly. guest: we spoke with a and i asked him about that. the third quarter is flat relative to second. pickup enough to reverse the declines? he seemed to think it was, but is there still concerned about getting that type of growth? >> you have got the right context. they have had several years and quarters without growth. when is this going to finally pay out? anything that causes concern , major -- is a major you are pressing buttons people are worried about. >> the equity price has had a pretty good here come up around 40%. when you consider 5g is a long-term growth driver, is this just a time to get long and hold on? >> i'm not in the business of

qualcomm moved to intel and that really hurt qualcomm's ability to grow.h 5g coming and apple moving back to qualcomm you should see very strong year-over-year starting much stronger into september. go into the december quarter and beyond you will see very strong reading seller and of their year-over-year growth. taylor: the earnings parade continues after the break with fourth-quarter results from uber. we find out how the company's ride pricing and food delivery business is affecting the bottom line. twitter out with surprising numbers. we discussed twitter numbers with the social network's chief financial officer. this is bloomberg. ♪ taylor: it was a better than expected quarter for twitter. beating estimates for revenue and the number of daily users. twitter gives credit to product improvements and personalized content. they have 152 million people logging in daily on average. 21% more than one year ago. i got details from the cfo. ted: we are so pleased with our daily active user growth. 21% growth means we are making it easier to find what people ar

peloton, qualcomm. yummy china all on the radar after reporting results earlier today. and later we will reveal tonight's mystery chart. the stock has been on a roller coaster over the past year but dan thinks it's primed to pop. we will bring you the name and more the biggest stock story of the day, the week, months year so far. the worst day in eight years after a company executive warned the coronavirus in outbreak could delay deliveries tesla slumping 17% the pullback follows a nearly 40% surgeon monday and tuesday so is tesla's record run, guy, finally run out of juice. >> i'm not pretending to answer that because we don't know. but the last two days in context when had a stock trading 12 million shares a day traded over 100 million from monday and tuesday and obviously we had volume again today a lot of people have been blown out on the shortside new people in. for the short-term i think that's as close to a capitulatory top as blow off top as you see doesn't mean the move is over by any stretch and we'll have somebody on speaking to than but in the short-term i t

qualcomm has pricing power, renegotiated as of less than a year ago with apple. that's where your pricing power is that's where your margins are. >> well, i'll disagree about the getting squeezed because you need to get the phones out there. there's only three companies that do what they do broadcom is unsteady we don't know what their business is going to do. sky works, in fact, might buy their business i'm fine with where i am qualcomm stands as much danger as getting squeezed because everybody hates doing business with qualcomm. >> that's been true for 25 years. >> it has been. >> lizann, what's the most attractive or under appreciated sector in the market today >> i think you could probably, within tech, maybe move down from some of the hot stocks and find some opportunities. we still an outperform rating on health care. in political season you're probably provided some opportunities there. and think if it moved down, near term it puts pressure on financials if we exit this environment you get more traction on the upside on the long end, i think financials ar

anyone on the handset side on qualcomm, and memory itself is pretty tight and china is down 20% yearar they are going into almost a month shutdown so the comps will be even more disastrous that said to pc get pushed out, not destroyed. so it's a deferred command there. >> mitch, we were already seeing a pause in smartphone demand in china ahead of 5g phones and networks being available qualcomm's talked about that the last couple quarters now with the covid-19 coronavirus issues, i and wonder if the buildout of 5g in china will be significantly slow this year they have planned to spread it to all of the major city areas and if that will have any impact on semi demand >> i think that's a good point i think that's why we're more positive on actually the infrastructure or companies like qualcomm with good sfraur buildout if you look, there's not a lot you can do with 5g if i give you a 5g phone, i'm not sure you would see a big difference, aside from maybe streaming games or faster-streaming video but the infrastructure side will be built regardless of whether the apps are on the device

we'll get cramer's mad dash, tons of names to get to like qualcomm, twitter, peloton, yum and so forth 'll hit some new highs on the dowhen we start the opening bell in about 16 minutes at leaf blowers. you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. make ice. making ice. but you're not mad because you have e*trade which isn't complicated. their tools make trading quicker and simpler so you can take on the markets with confidence. don't get mad get e*trade and start trading commission free today. don't get mad get e*trade and start trading that sofa on tv is iexactly what they need. and now, they know it too. that's the power of targeted tv advertising. it's smart. it grabs people's attention. then they come to my store. buy that sofa. and leave happy it's easy, and it's effective. and it's why comcast spotlight is changing its name to effectv. because being effective means getting results. >>> all right. we're going to get started with trading here in about 14 minutes or so. let's get to a mad dash and sta

>>> and qualcomm and twilio earnings after the bell. the investment committee is ready to go. "halftime report" starts right now. >>> welcome. good to have you with us on this wednesday. our investment committee with us today, joe teranova, steve weiss, we begin with the markets where, believe it or not, s&p 500 could hit a new record high maybe today. stocks nearly recouping all of their coronavirus losses steve, it's been quite a remarkable comeback from the depths to banging on the door of records again. >> it is there was a lot of panic, a lot quickly. and just as quickly we erased it about 40% were financial advisers nobody brought up, that was on the biggest decline. in multiple conversations, nobody brought them up sentiment continues to be positive i think it's appropriate the coronavirus, other pandemics, if corona is even a pandemic, sure, they may be with earnings like united airlines but you have to buy it when it's down not when it start goesing up we have a pretty good runway of this market, another quarter or so before you have to think about it earnings have co

i would argue that a company like a qualcomm, for example, not that it's a perfect company but they've done things that i wouldn't want but that is a company that came up with the 5g chip. this is something that makes the smart phone smart. in the current apartment they are having to duke it out just to stay alive and three continental legal battles with other american companies at the same time you have china, for example, rolling out one bold, one road working to institute huawei's tips and technologies into an entirely new ecosystem and i think that is a model we should be looking at more carefully absent this laws a fair, zero-sum game, keep margins as tight as you can, put jobs and products out the supply chain wherever you want and we see in the last few weeks and months the number of corporate scandals that that zero-sum balance sheet driven financial eyes thinking has led to and i don't think it is leading us to a good place. >> so, if we think about the different systems in dealing with challenges of they companies, the legacy in the u.s. is different from europe. in europe it

with record highs, qualcomm up 80% or so in the last year. really the only headwind we should be hearing about is some of the fears from the coronavirus and disruption not only on the consumer side but on the supply chain, given the big exposure in china. >> i will close it out macy's. the company is in the middle of restructuring but that didn't stop investors from buying shares. the third straight day shares were higher. customers have grown more comfortable, shopping online. the s&p 500 last year and in the next three years, macy's will close on hundred 25 stores and cut 2000 jobs. company executives expect the , saving $1.5 billion. joe: thanks, the market team. romaine: qualcomm moving across the wire. $.99ted eps coming in at over the estimate. adjusted revenue is above the estimate. is a range they are giving the average estimate $5 billion. getting range they are was for $.85. scarlet: a lot of optimism around ig spending. thewonder to what extent whole coronavirus issue will start to weigh on spending. joe: so far, we see the market

if you compare it with the qualcomm rally in 1999, you can see we are not that close to the qualcommalcomm rally was much higher, much greater volume and it rose a lot further. if you think about tesla prompting mourns have give to come up with a note saying they are not sure how this will happen, you can imagine what it must've been like to the middle to the end of 1999. i want to bring up the conversation with lee ainslie of maverick capital the other night who said the current environment reminds him more of the beginning of 1999 then the end of 1999. he spoke a lot about 1999. you have to wonder if there is not an element of that as well. you can see my chart on the bloomberg at gtv . guy: there was a party that year, i think. vonnie: they partied like it was 1999. it was not actually 1999. guy: that is true. maybe there was a party that year as well. nice chart. i will give it to eric. two fantastic charts picking up on the same theme. vonnie quinn highlighting very nicely what the equity markets are signaling, but i think risk control is something etf investors want to pay

qualcomm is down this morning. that doesn't look so bad.you can say this is a bit of a problem, but i've got dividend yield and other stuff going on. we are trying to stay away from things that are so highly valued that everything has to continue to go right, but those stocks continue to work. there's a bit of attention between that, so you think maybe i will take some of this and some of that so there is underpinning, but you have to have some kind of combination because a lot of these big cap stocks have continued to be the driver. low andyou buy mid-caps, all this stuff that the market is basically disregarded. to your point, it is difficult to find a haven in this market. i think that is driving the dollar strength up. onseti can't believe your and you haven't brought up negative real yields in emerging markets. isn't that a really big deal in a world where try and find carry because you have no pickup anywhere? damian: we have it some places. mexico. if you look at it, it's come back down. there will be a fee to park elsie money with t

qualcomm was up 557% over a similar time frame. if tesla can really stay, tesla and also be a car manufacturer of technology and manufacturer, that's the golden ticket, or is it all short covering. we're going to talk to a bear later on in the show. coming up, president trump touts the economy in his annual state of the union address, while democrats sort out their iowa caucus chaos. we're going to have more on hedging political risk and where the volatility is going to be, coming up next. ♪ alix: this is "bloomberg daybreak." risk taking, that's name of the game for this morning. yesterday the s&p saw a really solid rally, continuing to follow through buying around the highs of the session, up about 24 points. also seeing european stocks higher as well, and surprisingly, the autos, even though ford had dismal earnings out after the bell yesterday, g.m. coming up in about half an hour. in other asset classes, a similar story. it's the risk on currencies, as well as the dollar that are doing actually really well. euro dollar down, d

we have siemens, qualcomm, disney >>> tesla dips by more than 17%. after the electric carmaker said vehicle deliveries will be delayed due to the coronavirus outbreak meanwhile, a downgrade from a hold to a buy saying investors should way to purchase the stock. tesla shares accelerated by more than 20% on monday and more than 13% on tuesday >>> volvo cars posted an 18% rise thanks to lower costs and increased sales that helped offset also recorded a 10% rise in 2019 as they got a boost from a strong performance in china and u.s. suvs also did well outlining the impact of the coronavirus on his company >> it is basically a stand still. we have the normal shutdown for the new year right now, that is prolonged very few people out in shops, in streets and no one in factories, offices or businesses. everyone is staying home and avoiding crowds of people. all together, no cars sold no cars produced it will be a stand still around two weeks more than was planned. >>> coming up on "street signs," reporting a rise of key capital ratio and looses reference to

you brought up qualcomm. after 1999, it took 20 years to set a new high i see the same things you are seeing on twitter. you look at bitcoin at 2017. we are still more than half off of that price. if you are buying it here you are not buying it on fundamentals we can explain it by s&p 500 inclusion or short covering. it is mania. >> fundamentals reasons why. are you telling ron barren he is straight up crazy. >> not that he is crazy but this stock at its price right now and chart that's on up up 11 % in five weeks, that is mania. that's what it is. we can back justify it by it might be included in the s&p 500. >> i think we all agree. >> i think so, too i am just saying it out loud. >> a mania can be driven in part on fundamentals. there is a belief that the fundamentals of this company have taken a dramatic turn >> i disagree on that. >> you want to point liquidity, the company doesn't need to raise capital. what do you mean you disagree? >> what i mean is the valuation -- you are right fundamentally it is a

we've seen those examples with qualcomm stock and that chart 20 years ago.s it really feel like 1999-2000 to you or is that overstated i think that stock does. i don't think in general i'll never forget being on a louis conference thing and i couldn't even go into the bathroom without somebody tapping me on the shoulder at the urinal saying give me your long-term view for qualcomm, which they meant like the next 60 seconds that's how things were then. i suspect people focused on tesla are getting that, but you don't see that broadly at all. the things that are out there, stocks driving the market are apple and google and amazon, things that are huge, hardly the ephemeral kinds of stuff we saw in '99 qualcomm was a very real business, but people were making speculative bets then that took another ten years to come true >> roger, let me try to do what i love to do, which is take a bit of the other side. is this 20 years ago or 15 years ago? 15 years ago with the apple ipod and iphone changed the economics of not just the pc business but kind of the consumer el

and qualcomm warns uncertainty about the virus could hit the industry. nearly half of qualcomm's revenue last year came from china. >>> three people were killed when a passenger train skidded off the runway and broke into pieces after landing at an airport in istanbul wednesday. turkish officials say 183 people were onboard the begsis aepegas airlines flight and many suffered injuries. it appears the accident occurred in bad weather. an investigation is under way. >> all right, breaking overnight, all tied up. new results from iowa show a dead heat at the top. when results will be final and what it means heading to new hampshire. ohhhhh! look who just woke up! you are so cute! but one thing we could both agree on was getting geico to help with homeowners insurance. yeah, it was really easy and we saved a bunch of money. oh, you got it. you are such a smart bear! call geico and see how easy saving on homeowners and condo insurance can be. they have businesses to grow customers to care for lives to get home to they use stamps.com print discounted postage f

on a seven-day basis it's a sharper swing than qualcomm.ousand dollar targ target >> it went up every day, nothing new, no news >> pure multiple expansion >> nothing investors could decide this was the fair value for the stock based on new information. that's the same thing with tesla. >> when you talk to people about the stock market, the young people, they talk about tesla and beyond meat. i understand there's a competitor for beyond meat coming, lower priced but right now the stock is hanging in there. i look at tesla and say it brought out sellers yesterday in the 900s that was the first time. whether it was short selling, i don't know what is the borrow rate here, david? it's hard. >> enormous. sell short the stock >> you don't want to pay what the borrow rate is it's very high >> but it is an exciting story, because the more cars he builds, the more people buy them, no advertising needed, you don't see any tesla ads in the super bowl, and i keep thinking what he'll say in battery what is he going to say in april in battery does he hav

qualcomm was awaiting this announcement.he companies like samsung and huawei have scaled back which executives they were going to send. he saw calendar invites being canceled for meetings. this was bound to happen. and the rate decision because they had no other option. the other side is the significant economic impact this is going to have on barcelona, which has been preparing to host this for several months. the industry there, hotels, restaurants. also the budgets that were set aside by these companies in order to put on this conference and attend this conference. that has to be worked out as well. amanda: there will be some pain. maybe some savings on the part of the businesses. what are some of the intangible impacts here? of the collaborations that don't happen, the sales that don't get made. how do we measure any of that? mark: the way to measure this is, basically, these are a bunch of meetings that were just not happen otherwise. on the other set of the coin, it is 2020. a lot of these important meetings are likely

qualcomm will be there. there will be no shortage of the american companies. we have smaller american startups. lou: we don't have any come pet dwroors huawei, do we? >> i don't know that yet. lou: be careful now. >> i will be as careful as i can. but i will tell you deployment of 5g in 50 cities has been a great start. we'll be auctioning off a lot of of satellite spectrum that will get into the rural areas. lou: i should have followed my instincts and i got too far into that. the fact of the matter is, we are running behind china in 5g. if you can get us moving with a conference, god bless you and god speed. i want to turn to the economy. this economy is going gangbusters by any definition. we are seeing considerable concern in the marketplace if we can believe the folks who cover such things because of fears of the coronavirus. is that fear in your judge the policthe -- misplaced or overdo. >> it's about china. the virus is very well contained in the u.s. the china things a human carian tragedy. people are talking about the up reply cases for our country. i

a name like qualcomm had extreme vertical moves one similarity would be the market on one level is sniffing out the massive long-running opportunity this technology or business franchise can exploit but it seems to be front loading and people crowding into it all at once. it does remind me interzwrektry of some of those things. a lot of things going on with tesla in particular. which is is a very entrenched set of investors with elon musk and early investors, who simply seem not to be selling of course, you have short sellers getting trapped and fighting against that. and you have retail investors really making a mad grab for this stock as the momentum has carried higher that's the cocktail that we're seeing. >> there's the price on tesla now, $910. what do you make of it >> i think it's all of what mike was talking about. you obviously have the institutional investors, hedge funds, others looking at it. we had adam jonas on earlier today and he's talking about what jim kraker cramer is talki about. esg is hot. >> environmental, social, good governance and people pouring into favored stocks

and qualcomm warns uncertainty about the virus could hit the smart phone industry. half of qualcomm's revenue last year came from china. >>> barnes and noble nixing plans to put people of cover on its back covers. it canceled its diverse editions program because of backlash on social media. barnes and noble and penguins random house planned to release special edition of 12 dallasic novels including romeo and juliet, moby dick and als s in wonderland. the idea got slammed online however with one critic. >>> essentially a tie between pete buttigieg and bernie sanders. state did remembers hoping for a final result today. >> there's no question in my mind were their names not biden the president would never have done what he did. >> what are the costs of turning on president trump? mitt romney bracing for fall out after voting to convict the president in his impeachment trial and speaks publicly later today. >>> and remembering a legend of the big screen, actor kirk douglas has died at the age of 103. good morning. this is "early start." i'm laura jarrett. >> and i'm ch

>>> and qualcomm and

candidato a la presidencia de los estados unidos no conozca al mandatario del paÍs vecino con el qualcommgresar noticias telemundo. amor sin frs, honterae 8 aÑos que la migra los separÓ. cecilia y hugo han aprendido a mantenerse unidos a la distancia. y lo llevamos a una fÁbrica de chocolate en california, donde se demuestra que sÍ se puede mopartir a ♪ (voz) somos jack daniel's. el que tiene más experiencia. el más auténtico. el más ruidoso. el más silencioso. el más amistoso. el más solitario. el que está lleno de orgullo. el más suave. no pensamos renunciar a una buena tradición, y continuaremos haciéndolo como lo hacemos. el whiskey de los whiskeys, de lynchburg, tennessee. hey tú, ¿las alergias te arruinan la diversión? prueba con zyrtec... que actúa poderosamente desde la primera hora, refuerza su eficacia si lo tomas al día siguiente. zyrtec y deja de sufrir alergias. [chomp] [upbeat music] unlock the cinnaverse, with cinnamon toast crunch. [chomp] protege aunque no es una pañuelo. lysol elimina más de 100 gérmenes y virus que causan enfermedades hasta los que causan la congestion

even if you want to go back to the.com era, even things like qualcomm never got this far overbought. one thing i also want to address, talking about what is driving the market, one thing citroen was noting is the computer role that we have all come to terms with. we have been watching the sun groups in the s&p moving in big moves, which suggest momentum. how much do you think is algorithmic, and how much is a good thing, keeping the emotions out of the hands of us mere mortals? luke: there seems to be a kind of self reinforcing mechanism where people have been taking punts on these very cheap calls. start to rise, the associated activity that you would need to hedge on your exposure, if you were the one that had written that call, would entail a lot of accelerated buying. there seems to be a chicken and egg with regard to that. i think you can just look at the chart and know this is not healthy price action. in the broader context of a market, we are going to have four of the last seven sessions in the s&p 500 with at least a 1% up or down move. we are still in volatile market condit

poll ton stock had risen 40% qualcomm's numbers had fallen. the low end of earnings guidance as it is starting to see a decline from chinese customers. and in the eu, launching a probe over radio frequency chips tesla bouncing around a little bit this morning after tumbling 17% yesterday. shares fell after a senior executive in china said the coronavirus would slow the delivery of the model 3. shares are back higher again by about a percent. >>> ahead, top take aways from an oil summit in houston "worldwide exchange" is back after this >> announcer: today's big number, 1,861. that's how many points the dow has traveled in the past five trading days imagine traveling hassle-free with your golf clubs. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call, we'll pick up and deliver your clubs on-time, guaranteed, for as lo

if verizon and qualcomm had made her meetings scheduled, they could have just met separately.hat is more fantasy than reality. taylor: that was mark gurman. includinge to come, breaking up big tech. u.s. regulators are demanding data on acquisitions big and small. news, like bloomberg check us out on the radio. you can listen online and in the u.s. on sirius xm. this is bloomberg. ♪ taylor: the ftc wants to know more about big tech and its acquisitions, specifically some that may have eliminated emerging competitors. they have told five large companies to provide information about deals that were not reported to antitrust agencies. , amazon, include apple alphabet, facebook, and microsoft. we discussed this with michael levine. it is probably facebook at the top of the list. i am looking at that in conjunction with them seeking an injection trying to stop facebook from tying together different messaging platforms. if we had written about this, there would have been a lot more synergies than people appreciate. taylor: are we talking about whatsapp, instagram? >> i think that's

. >> if you look at the likes of intel, qualcomm and nvidia and companies like cisco as well play in 5g space the u.s. doesn't have someone that can provide that critical networking infrastructure. that's why you are seeing these calls for investing. how that happens right now is extremely unclear. whether that even gets past the european commission. this no doubt will go to the european level commission and scrutiny if it ever did happen >> we heard yesterday, the cisco ceo ruled out the possibility. one company saying this is a no go for us. >> it is not viable. >> very interesting story. no doubt we'll be talking about huawei in coming months as well. >>> if you want to get involved in the conversation, anything we have discussed today on the show, bank, earnings, gdp, tweet us @streetsignscnbc. or tweet myself or arjun coming up, an exclusive interview with the director of energy at e s.thu. tech summit stay with us ♪ ♪ ♪ ♪ ♪ don't just plan to retire. plan to live. an annuity helps cover your essential monthly expenses, so you're free to live the life you want. find out how an a

qualcomm will be there. there will be no shortage of the american companies.artups. lou: we don't have any come pet dwroors huawei, do we? >> i don't know that yet. lou: be careful now. >> i will be as careful as i can. but i will tell you deployment of 5g in 50 cities has been a great start. we'll be auctioning off a lot of of satellite spectrum that will get into the rural areas. lou: i should have followed my instincts and i got too far into that. the fact of the matter is, we are running behind china in 5g. if you can get us moving with a conference, god bless you and god speed. i want to turn to the economy. this economy is going gangbusters by any definition. we are seeing considerable concern in the marketplace if we can believe the folks who cover such things because of fears of the coronavirus. is that fear in your judge the policthe -- misplaced or overdo. >> it's about china. the virus is very well contained in the u.s. the china things a human carian tragedy. people are talking about the up reply cases for our country. it could turn worse. i don't

qualcomm had a major meeting scheduled, they could have just done over the phone or met separately.hat is more fantasy than reality. ♪ kayla: that was bloomberg's mark gurman. plenty more still to come including breaking up a tech. regulators are demanding companies turnover data on their acquisitions both big and small. that is next. if you like bloomberg news, check us out on the radio. you can listen on the bloomberg app, bloomberg.com, and in the u.s. on sirius xm. this is bloomberg. ♪ taylor: the u.s. federal trade commission wants to know more about big tech and some acquisitions. specifically ones that may have eliminated emerging competitors. ftc told large companies to provide information about deals that were not reported to antitrust agencies. the companies include alphabet, amazon, apple, facebook and microsoft. we discussed this with senior analyst for internet and media, michael levine. >> it is probably facebook for the top of the list. i am looking at that in conjunction with hearing they were going to seek an injunction toward the end of last year trying to stop fac

qualcomm saying it is a bit of a confusing quarter. siemens down 4.6%.y recently reported their profits, disappointing. vonnie: thank you for that comprehensive data check. this is bloomberg. ♪ ♪ guy: time for a bloomberg exclusive. maria tadeo spoke to china's ambassador to the european union about the coronavirus. take a listen. >> who actually repeated several they did not suggest travel and trade limitations. the who is an international organization. they have dealt with several epidemics. they have collected many experiences which are very helpful. one of them is no limitation for , no limitation for trade. years ago, we thought sars. we benefited from that regulation. governmenthat the s. -- that the governments respect and follow w h a -- follow who's advice and regulations, which are professional. they are advice from the real expert. you mentioned there is no need to tame trade or do trade relationships differently. how much is this going to hurt the chinese economy, if any? epidemic will affect , but themy in china effects will be limited and f

free market after company lowered the guidance from current quarter stock down better than 2% on qualcommound coronavirus and supply chain, president trump was acquitted senate voted to acquit president trump on both charges obstruction of justice abuse of power, marking to end the impeachment trial. >> the senate having tried donald john trump president of the united states upon two articles of impeachment, exhibits against him by house of representatives, and two-thirds of the senate present not having found him guilty of charges kaindz therein it is therefore ordered and ajudged that said donald john trump be and is hereby acquitted of the charges in said articles. maria: the vote mostly on party lines except for utah senator mitt romney only republican that voted yes-impeaching the president, he voted in favor of the abuse of power charge. senator romney defended his decision yesterday. >> the president is guilty of an appalling abuse of public trust. what he did was not perfect. and in some quarters i will be vehemently denounced. i am sure you are to hear abuse from president and su

qualcomm rose in late trade. g networks are firing up demand for pricier smart devices.rojection is more evidence of their confidence that five g will expand rapidly this year. shery: tencent music enjoyed a boost on reports that china's authority has suspended a probe into the company's dealings with the world's three biggest record labels. the authority hasn't given a reason for dropping the investigation which began a year ago. the pro-have focused on tencent licensing deals with music groups and universal, warner, and sony. up next, australia will have its writ -- december trade and retail figures. we will find out how the bushfires are impacting already week consumer spending. this is bloomberg. ♪ haidi: some breaking news on the australian economy. of -- sailors cannot rise of half alors, a rise percent. we are seeing the impact of bushfires venting people from going out. a contraction of half a percent theh on month, worse than expectation. we are getting a trade surplus for december, $5.22 billion less than the $5.5 billion we were expecting. next.h in the -- so

is the greatest exposure to apple 50% of sales, followed by corvo 30, broadcom into the mid teens qualcommve 10 people are going to bet against these companies. i understand that. i would say that if you bet against them and there's any continued decline in the deaths outside the cordoned area you say why did i sell it. where did the sellers go to knock down a 4% yield the hedge fund would i would be careful in shorting them you're really making a bet that things will get considerably worse. i don't know if that's a good bet or a bad bet i'll tell you one thing, it's certainly not within the purview of anyone that covers stocks it's a medical issue >> right there's also this question as to whether you'll make up for the lack of demand later >> exactly right i do my work what people tell me is it's going to be deferred david we are in some happy moment i first heard this yesterday with my wife a walk around town, this is the beginning what will it mean? there is an incredible other worldliness, not meaning that much in another market the stocks are down 10% >> what is the other market, jim?

consumer already having a hit on retail companies, luxury products, companies like apple or even qualcommrt of the big tech supply chain that are so important in china. that's where i think you'll see an interesting reaction of decoupling. even before this virus, the u.s. and china and potentially europe were sort of moving into their own poles potentially with different supply chains. i think you'll see u.s. companies looking very carefully at their supply chains in china, how quickly can they move things, what can be moved. we're really going to see the rubber hitting the road in that debate. >> and do you think as a result of all this overall growth, everyone is thinking about this because we're in election season, could you see growth slow down in the u.s.? >> there's two scenarios. one, if the virus continues for many more months and isn't stemmed, then yeah, i think you'll see certainly maybe a half percentage point being shaved off the u.s. if you start to get below 2% then you start to get into if not a recession, something that feels like a recession. what happens in november, if

typically happens after a move like this >> anyone who wants to look at a bitcoin chart in 2017 or a qualcomm from 20 years ago, you would see a move like this and not look too far ahead to the right after that the stock is exceptionally volatile what we have seen this week is extraordinary. three quarters of the float changed hands on monday and tuesday alone. >> wow. >> tesla is most popular trade on the fidelity orders page for weeks on end and frankly, if you google -- i just googled should i on auto complete finished should i buy tesla stock just before i came in here. that is not healthy and someone will be hurt out there >> you make a good point a couple of other nuggets, robin hood with the largest swing in new buyers on the app and interestingly it doesn't seem to be as owned by robin hood investors even as this time last year you are starting to see should i sell tesla, too. why is there so much retail interest in the stock in what do you think the catalyst was or is is everybody in it now do you think about to get burned? >> a chart that goes straight up is highly appealing an peop

qualcomm is still with us and still a successful company there are companies that not just survive butit mildly overvalued >> witch of we have an oil company going up, seeing an oil company go higher. >> what else is going up apple after yesterday's brief slide we'll see on concerns about china on their inability or evolving situation is what tim cook said. >> how could it not be counsel ten the company is saying there sish us with supply and demand >> 10% you mean. >> yes the answer is that people think let's talk about what's really -- no one wants to say this people think this thing is going to be solved >> of course >> that's driving things when it's solved, china pumped so stimulus in the economy it could be to the moon, alice, situation. the chinese don't allow selling unless you call the government hey, i'd like to sell some ten cent it won't kill you if you do that capital crime. what do you think? capital crime to sell, who the hell knows over there. one thing is absolutely true is that there is an undercurrent which says the great minds are going to solve this. now it's inter

coronavirus in china is already hitting a number of american companies, apple, qualcomm, some of theing profit warnings. there are wages are still not ticking up. there are really kind of two economies here. one is the headline numbers, which look great, but when you scratch below the surface, you see a lot of vulnerable groups, young people, minorities, women, the quality jobs for those groups are just not there, and i think that that's something you're going to start to see democrats hit home on the campaign trail, particularly as they go into the heated up primary season. >> you're reading my mind. here's a quote from the national treasury employees union, they represent 150,000 workers. they're condemning this pay increase limit. quote, for an administration that has added $3 trillion to the federal debt, gouging federal employee pay and benefits in the name of deficit reduction is ridiculous. i mean, at the end of the day, congress does have the final say, and like you said, the 1% maybe it's a bit of art of the deal, like let's start here and maybe move up. >> but it's really i

if you've been looking to get into hot technology companies, apple, microsoft and qualcomm are beinged down significantly. we would buy on that if you're looking at companies on a long-term basis, there's a lot of good questions at 12 times earning. kellogg, one of the largest fake meat franchises. viacom got beaten up brutally last week. selling at 5 1/2 times earnings. forget the market, forget coronavirus. you're buying a good company with good yield at 5 1/2 times earnings economic centric pressure. u.p.s. will be under 100 today if you can buy that, you're getting a very good yield. the world economy is going to recover, whether it's in 6 or 12 months and that company will be a lot higher. >> the biggest premarket losses for dow components are in companies like visa and american express. that implies something, right? there's possibly a slowdown happening globally payments may slow down, everything else. is this a v-shaped recovery or u-shaped recovery or one that will last longer than that >> we think it will be a v-shaped recovery. a lot. companies said they affirmed their out

> i'm hearing gdp first, safety second >> this was a week where we got commentary on corona from qualcomms >> nike. today it's goose, as they say -- >> they have china exposure. they have a warm january, the stock has been down, down, down, down, down it's just the growth rate is shrinking dramatically i think this stock if it hadn't been down ahead of time would be -- there is a chart for you. >> ooh >> holy cow. turn that upside down, you have tesla. >> haven't mentioned tesla, 40 minutes into the show. kind of nice >> is that true? >> aurora the ceo resigned, cutting 25% of corporate, oversupply in canada >> oh my god, there is a hundred years' worth of supply in canada, 100 years' worth of cannabis supply. next week i think you're going to get the new ceo of canopy, actual businessperson. >> coming in >> i think he'll tell it straight he was the cfo of constellation. i still have hopes, and james wells did fabulous reporting what's that great reporting, fantastic and shows you that there are some pockets of where it's really working. >> it is >> but it's recreation you got to do all s

am d, nvidia, qualcomm, broad com, they're hit hard. let's talk more about this important group. josh >> so, brian, investors have more questions than answers now when it comes to apple and that's causing real nervousness. twhen will factories many china return to full capacity? investors don't know, but that has a big impact on iphone production as well as when new products will be available that investors care a lot about so like that new low coast iphone reportedly set to launch in march and the 5g iphone expected in september, of course it's not just apple. investors as you mentioned selling apple suppliers in today's trade, too like sky works and micron. the sell off coming as apple has enjoyed a remarkable run it still has a lot of fans include warren buffett who told cnbc today that apple is probably the best business he knows in the world back to you. >> all right josh, thank you very much. now let's talk r more about the markets and the moves with seema and trading nation >> thank you, brian. let's get a check on those chipmakers josh was pointing out with our trading na

he is also one of the founders of qualcomm. so today is an auspicious date of innovation, innovation history. but thank you again to tim, and thank you. thank you to the audience for the great questions. appreciate it. [applause] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] >> today senator bernie sanders speaks to supporters at a get out the early vote rally on the university of nevada campus in las vegas. early voting for the nevada caucus inns today with the caucus on saturday, february 22. watch live at 5:30 p.m. eastern on c-span2, online c-span.org or listen live on the free c-span radio app. >> during this election season the candidates beyond the talking points are only revealed over time but since you can't be everywhere, there is c-span. our campaign 2020 programming differs from all other political coverage for one simple reason. it's c-span. we brought you are unfiltered view of government everyday since 1979, this you will bring yo

i did semiconductor and then i was into amd and qualcomm and western digital and i made profit, i dumpedn. >> okay. i happen to like micron. i think it could still go down a little bit if someone said the -- there is no vaccine or cure so coronavirus, china slowing, let's take micron down, would you buy more at $49 but hold on to what you have austin in florida. >> caller: yo, jimbo how is it going. >> i'm good. >> from the you've of florida. >> yes go gators. >> caller: and the stock is in phase energy. >> you got a good one. it is one of the few battery -- suggestions i'm ever going to tell you to buy because you're younger it is speculative and it is up a great deal but it does have a sound concept let's go to brandon in california brandon? >> caller: what is going on mr. cramer. >> i don't know. just kind of trying to stay jimmy chill. what is up with you. >> caller: i got you i got a good company i like the ceo wing stop. >> wing stop is a winner i like it for a very long time let them sell it down for whatever people and people say don't go out we buy wing stop and they present gre

he is also one of the founders of qualcomm. thank you again to tim. thank you to the audience for the great questions. appreciate it. [applause] >> thank you. ♪ >> students from across the country told us the most important issues for the presidential candidates to address are climate change, gun violence, teen vaping, college affordability, mental health and immigration.