to get a traditional car company plus qualcomm you get a tesla at the other end.appening. we're becoming the preferred partner of the digital chassis asset of those companies and reflected in adding a billion and $9 billion and other transformation of enterprises. with the pandemic, sent everybody home realized after they connected with everyone, they needed connector assets we have seen an incredible speed of acceleration digital transformation reflected in the i iot. provideded $1.3 billion nap is just the beginning revenue iot so broad we're just scratching the surface of this opportunity. >> cristiano amon, look forward to watch you take over on june 30th. >> me too. thank you for having me on the show. >> deirdre. >>> a check on endeavor. hollywood powerhouse just opening tore frayed. i -- for trade i spoke with the ceo here kwhap he told me. >> we're the largest company, the only company that represents content in the entertainment space. owns content entertainment space, owns sports and many others nobody like us in the world and i think we're the real thin

i'm going to include qualcomm in there as well. but if they disappoint on earnings or exceed expectation and the market doesn't respond, that's a bad sign. by the way, just to make it clear, that's not the base case i'm assuming i think it will be a week at the end of this we're very happen. >> steve, you bought facebook and calls, heading into the numbers this week which stock has the most to gain out of the these -- it's only 4% away. i went back into the calls i don't even know if i'll be there when think record went afternoon, but i expect it to begin mopping on on the liquid in the market and on the feelingist going to be a great quarter. the calls in a telling way, expire on friday of course, the stock doesn't, so it's more of, look, everything the market is moving higher, the volatility is down, so they're agenting like great stocks >> do you agree with the premise that this is a make it or break it week? some of the it, sure, they have performed quite well amazon that is done next to nothing than anything else what do you r

if we take a look as well at qualcomm, the chipmaker having a blowout quarter. eating estimates across the board on sales. there is till -- there is still the tight supply issue. a good headache if you are a chipmaker, but qualcomm is at the mercy of third parties like tsmc and samsung. it has to prioritize sales to higher end products where the margin is better and it has to think about industries like the automotive industry. let's talk about apple. incredible performance across the board from apple. iphone sales better than expected. services sales better than expected. they added $90 billion to the existing share buyback program, which has left investors happy after hours. apple is a stock that has trailed the s&p 500, that has not performed that well year today. we will listen in on the call. emily: thanks for that. want to keep talking about apple. crushing wall street estimates. principal analyst julie oscar joining me now. apple doubling its profits on soaring sales of the ipo and -- of the iphone. what are the takeaways? >> apple crushes it every quarte

plus, qualcomm revenue is up over 50% on smartphone demand. i will ask the ceo about that, the chip shortage and more. and speaking of cars, we will talk with waymo. the self driving technology company joining me on fresh capital injections and the road to reality. although stories in a moment but first, big tech keeping us busy. amazon and twitter earnings out. more on that and u.s. stocks across the board which rose to a record on thursday. quick screen on the screen when it comes to major averages. you can really see that is kind of a diversion. the s&p 500 higher, a lot of that thanks to big tech, even though they did not lead the indices higher, probably underperforming, but there is a diversion in the index, housing versus the nasdaq. i want to go overseas and show you that is not the case. when you look at the golden dragon index on a three-month timeline, tech trading sideways, maybe some marginal gains. monumental losses in this index. this is the one that has jd.com, alibaba, so that story is a big narrative in china now. stateside,

. >> this time it is qualcomm. week out, 140 call, scott that's what the stock right here at like 135.70 or so, one week out they bought 10,000 of these calls very quickly now you see the volume moving up towards 12,000 of them that's an awful lot. i love the upside for this stock. i bought these at the money call, stock. sold some out of the money calls against it second trade, take a look at what is going on angie's list. that's what it used to be called now it is just angi, a-n-g-i, but it is a $6 billion company they're doing a lot of things right apparently i know loop capital has some upside on them to 15 or 18 bucks, something like that we see big upside call buying for regular april, not the aprils that -- i'm sorry, may 15s, may 15s, even longer. you have the may 15s out there, scott. i bought those calls that are more or less the at-the-money and i'm looking for a lot of upside out of this one as people get contractors and look for them on angi's list. i think it will be great for angi. >> good stuff. far

qualcomm, what about expansion into pc's and cars? i will ask the ceo about that, the chip shortage, and more. speaking of cars, the way forward with waymo, alphabet self-driving technology company, capital injection, and the reality. first, big tech keeping us busy. amazon and twitter out after the bell. twitter tumbling. more on that in u.s. stocks, which rose to a record thursday. we have the latest. let's start with you. >> green on the screen with major averages. the s&p 500 higher, a lot of that thanks to big tech, even though they did not lead the indices higher, probably underperforming, but there is a diversion in the index, housing versus the nasdaq. i want to go overseas and show you that is not the case. when you look at the golden dragon index on a three-month timeline, tech trading sideways, maybe some marginal gains. monumental losses in this index. this is the one that has jd.com, alibaba, so that story is a big narrative in china now. stateside, the boards one more time, semiconductors. emily, you talked about that sh

qualcomm revenue comes in at $7.93 billion. that's above the 7.6 expected.s comes in at 1.90 non-gap above the 1.67 expected. just as significant. the guide. wall street was looking for a midpoint of revenue at around $7.1 billion for the current quarter. qualcomm guiding to 7.1 at the low end, 7.9 at the high end 7.5 at the mid point significantly stronger than we were looking for i talked to the executives at qualcomm just moments ago about the quarter and the guide. first on guide the chip business is especially strong that's why the guide is so strong also, the licensing business strong as well there is a stronger mix in the chip business. that speaks to i guess some of this allocation of ships going toward the higher end phones that might bode well for apple come in just a few minutes also, i heard from the executives that china was particularly strong as well. though there is some variants across regions in performance. er with looking at smart phones in the consumer market depending on what is happening with covid. difficult to predict but it didn't p

we have an earnings alert on qualcomm, shares are ripping higher in the after hours.>> melissa, a couple of things first, qualcomm on the call saying their auto design win pipeline sat $9 billion and the rollout -- rolloff i should say of huawei is going to benefit them, up to $10 billion by 2022. but also, i want to give you a couple of things that i was told on a call before the call. particularly about the mix and how they have handled the chip shortage you know, when we see opportunities to improve the mix and allocate the available supply to better products we're doing that you're seeing that in the recent strengths in qct and we expect the actions and the suppliers that occur, but we're working through it but even with the supply constrained environment we're able to get growth in the business follow-upping up on that, we have been able to utilize the stale, take advantage of the multisourcing and two things are happening. i think with all of the crisis we have been -- we have the ability to get supply to fuel the growth this quarter, next quarter, and now we ha

qualcomm's not far behind. cruise lines, jim, all three of them are right behind, as i guess are we seeing some detante between the industry and the regulators >> going back and forth with fdr, frank del rio, the excellent, some say people overpaid, i say ridiculous, he saved the norwegian cruise line, ceo, and talking about august, and talking about august, and yes there's a detante, the cdc finally said, if these guys are willing to do anything, they're willing to vaccinate everybody, whatever you wanted, and there had been a feeling that the cdc just wanted to put them out of business well, that's done. you have three, you got great executives in this business including richard fain who we have on and i am thrilled that this is happening, i'm pro-cruise guy and felt like they did everything to make it that they did not have what occurred a year ago and being penalized so i say cruise on, august and september you better book now. prices are going to go up. >> jim, every time i think about industry, sort of gr

i wanted to give you a chance to at least go there since you own qualcomm doc, you have qualcomm calls for what it is worth >> yes, and i'm right there with jim. like it. gosh, scott, this side of tech has pricing power like crazy qualcomm, nvidia, amd, even though amd, the reaction today not quite what i expected, but nonetheless going forward to jim's point, if you are somebody with a little patience that one is going to outperform like crazy. here is why i think facebook is going to do so well, too, scott. the ad numbers out of google were phenomenal obviously, and then they announced a bunch of ot things like that $50 billion buyback. but how about this they said 1 billion hours a day are watched on youtube that is a phenomenal number, scott. it speaks to, of course, how many people have mightrated over to youtube instead of the networks and other ways of watching and consuming media but i think apple, the reason it has been held back this year, scott, just putting a bow on it, was warren buffett i don't blame him. we talked about it here on the show back in january when mr. buffet

i could do the same math with qualcomm i won't.is the same thing but here is, you know, if i have to ask where might i be wrong, okay, two things one, taxes coming out of the biden administration, but we're not going to know that until the fall so i'm not going to really caviche about that right now you know the other thing interest rates as i have been saying, scott, i think that that story is losing its punch. sure, interest rates could go to 2% you're pretty darn close to that already. what i think is going to matter more is earnings so i'm really looking forward to the coming month of earnings on these names. i do want to say one more thing. i think steve is exactly right not all tech is alike. i am not saying the same things about snowflake or palontier or zoom i think those stocks are overpriced. >> this is dan ives of wedbush he came out with a note. steve says he is talking his own book granted he covers the technology sector and a lot of the individual and biggest names there but interest thing to talk about. apple outperf

here is the story with qualcomm. the last quarter they got beaten down after the quarter because nobody liked the guidance. but the deal was, was management was being conservative they still weren't certain about what demand would look like this year and the chip shortages and you had a trigger happy wall street after the stock had performed really well in 2020. so that was the setup. i have owned qualcomm for a long time, but i piled in in february and march when it got down, you know, as low as it did in the 130s, because it was just too cheap. now what we see with the report that came out last night is that they were way too conservative in the prior quarter it is too early, scott, to say that we're in a super cycle for upgrade. it is just too early but we are in a pretty good cycle. the chip set numbers that they're shipping are very large, the pricing is terrific, and that means the gross margin is good. i will summarize by saying this. sometimes the markets dislocate around a stock, and that's what happened in

we heard the ceo of qualcomm saying maybe by the end of the year. saying it will take a lot longer than that. what do you think -- how long does this last? >> it is going to take a while. it takes a long time to ramp up capacity. as you know, to build more factories is just going to take too long. we have the big backlog of demand in the auto industry and other places, so we do not expect it to clear up until into 22, which is a big -- a good thing for semiconductor companies because they are selling a lot of chips. emily: we have seen a run-up for chip stocks. do you think they can keep going higher or is the run over? >> i think they can keep going higher. look at some of the opportunities out there. again, a month ago, we saw about a 15% rise in texas instruments, but qualcomm has only gone up about half that much. it has actually traded down from its peak. taiwan semi is down from its peak. there are good opportunities for investors to get into these stocks. good opportunities out there right now. emily: you said intel manufacturing has really f

plus, qualcomm revenue is up over 50% on smartphone demand.

it is down number one number two, i'm not following jim into qualcomm anymore i'm following putting myks as my background on "the halftime report. >> it was a good one i like that. >> thank you. >> next up jon najarian is joining us on the phone because he has some explaining to do about twitter okay you know, they beat top and bottom, but that stock is down 13%. doc, are you there >> yes, i am, scott. >> all right. >> yeah, my calls that i bought, you know, we had several nice reads, we thought, we kept rolling up i became too much of a pig you know what they say about pigs getting slaughtered so i stuck it out, those 65 calls i rolled up to, scott, went out worthless, total loss however, there was a big purchase just days ago of puts at the 62.50 strike that expire next week. that one was a much better trade. i have rolled down and exited those, and now i own the 56.50 puts in twitter. i don't know if twitter gets back to that october level, scott, where it broke famously from that level, which was approximately $52 and it traded all the way down to over the next several days to, i t

qualcomm sees supply constraints easing as more buyers upgrade to 5g stock two.d good times in dearborn stock is recording the best quarterly profits since 2011 the global chip shortage could ease this summer, but however, ford may cut vehicle production in the second half of the year as a result of the factory fire suffer ed by a japanese technology company shares are down 2.5% right now stock number three verizon is giving up on aol and yahoo! verizon is ex-flploring the salo the media giants that business could fetch $5 billion. the problem is that verizon paid more than $9 billion to buy them >>> still to come on "worldwide exchange." you heard of telemedicine with doctors, how about a tele telemedicine dental call we will talk to the ceo of grin next >> announcer: today's big number $2.2 billion that's the total sales of nfl players association licensees for the year ending in february. up 14% from the year prior tampa bay's tom brady topped the players list for the fourth time since 2014 future, is human nature. at edward jones, our 19,000 financial advisor

you saw me adding to apple and qualcomm when they were down look at how the bank stocks responded last week. great earnings across the board. i mean blowout look at goldman sachs' numbers look at citigroup's numbers, yet they were met on the week. i'm not sure that was interest rates. i think they were just a bit tired after the gains they had had, and i think they ma consolidate over the next month. let's talk about the financials in may if i'm late to the party at that point in time, so be it. >> all right let's bring in our headliner, he manage ceo of blackrock's team, rick reeder, welcome back. >> thanks, scott how are you? >> great, thanks when you were last with us, and let's caulk it sick weeks or so ago, you said, quote, it was the most exciting time in investing in your entire career. then today, even though you've been bullish, you say this week -- speaking i suppose of last week -- feels like things are overheating. it feels a bit frothy. this is an eerie week for my my an tenantennae are up. >> there's some private financing that are, so i still think it's exciting. that be

>> yeah, particularly further offshore dollar bonds, which qualcomm still has about -- which huarongas about $24 billion. at least temporarily helping them to pay back the 600 billion singapore bond that was due on tuesday but there remains the uncertainty about what the longer-term plan is because we have not had any clarity from the finance ministry, and we know that earlier this week, they came and downgraded the credit rating, precisely because there was a lack of transparency and because of failing to meet that deadline for publishing its earnings results. investors will be scrutinizing, but there is a little near-term relief for huarong. it does add urgency for a push and calls here, including the pboc. and we need urgent reform to simplify the process, because you have so many different actors with different stakes in different regulatory rules at play and it is making it all very complicated indeed. haidi: meanwhile, we are hearing that the eu is looking to restrict some mergers, what do we know? shery: -- >> this is a plan that have to be signed off, but it also ties in to a

qualcomm has seen the stock pull back right in the middle of the move to 5g.ss, there's going to be a lot of spending on broadband anybody involved in the wireless infrastructure plays like qualcomm or corevo there are a lot of opportunities for the dividend reopening and longer term tech >> joanne, you mentioned financials being one way to play for dividends. as rates continue to rise, people are turning to financials how do companies plan with the reopening? do people plan on that or the traditional banks? >> i think that fintech is playing an increasing role we hear the presidents of the federal reserve banks talk about the importance of the conventional banks to build up technology make sure they are ready for the new reality where more mobile banking. q 2. mobile banking for smaller banks and regional and helping the larger banks these are really right in the middle of the change in the financial technology that's taking place sdp atoeoanne, thank you th ds it for "worldwide exchange." "squawk box" is up next. lately, it's been hard to think about the fut

we hear from the chief executive's of intel, qualcomm, and arm, as well as ibm.n they think things will level out in the impact of u.s.-china tensions. you are watching "bloomberg technology." ♪ emily: welcome back to a special edition of "bloomberg technology." chip leadtime, the gap between ordering a chip and delivery increased to 16 weeks in march. it has shield little bowl -- has geopolitical tensions between the u.s. and china on everyone's mind. >> you are talking about companies having to invest tens of billions of dollars in capex, in equipment, so it is in equation you have to get right. the industry has had too much supply, chip prices plummet, and it reduces investment in r&d. i think over the years the industry has done better at analyzing supply and demand and has generally gotten better at investing at the right pace. >> we are still growing as a company, but as we have said on the last earnings call, our ability to meet demand is outpaced by supply availability, and everything is short. there is not a single industry that has not been impacted by

qualcomm ceo telling us we will have line of sight by the end of year.these companies say it is going to last multiple years. how long do you expect we will be in this for? daniel: i think it will be a factor for the next four-six quarters. in different industries, for example, automobiles expect demand to recover less quickly than it has. so you have certain industries more impacted than others. but i think if we look out beyond the next 18 months, what's clear is we've got this build out of the digital infrastructure that will require more and more intellectual properties from the semiconductor industry, clearly more manufacturing at scale. so the longer-term secular drivers here are healthy. the dynamic and the shorter-term will depend industry by industry. but what's important is that capacity is being added, and that will ultimately help solve these constraints that will be with us for a little bit, still. emily: is the lack of capacity affecting all countries equally, or do you have concern this could give china, for example, an advantage over comp

qualcomm

jonathan: that was qualcomm -- lisa: that was qualcomm chief executive officer a lack talking about theor chip shortages which have hit some areas or than others. apple and other big tech companies have managed to avoid the wrath of it while automakers have had a bigger hit. we want to turn our attention to the story of the moment. big tech getting bigger and no one and simplifies that more than amazon, reporting another $100 billion quarter of revenues , charting incredible profits come incredible growth. the question is how much of a target is the put on its back. tom forte, da davidson senior research analyst, joining us now. the earnings were incredible, were they too good? tom: they were too good. amazon did not get the memo they needed to do a better job turned less money because they are getting the target on their back , it just grew magnificently. lisa: just to be capitalistic, they did not get the memo to not make enough money. you could say this is just regulatory world gone amaq, shouldn't you want your dynamic companies to do well? did they do a poor job of telegraphing how

with you about the faang stocks, and they just got too cheap, whether it was apple, whether it was qualcomm those are two that i particularly highlighted where their business fundamentals are tremendous and their share prices came off 15%. so now they're catching up i think we're in a pretty benevolent situation going into earnings, which is really where the rubber meets the road. i'm looking forward to earnings. that's what i'm looking forward to. >> i hear you. sirat, we know a lot of good news is baked in you're putting capital to work i want to know what you think of the fact bank of america says, okay, as boom as it gets, that's the bullish scenario, siegel scenario, if you will, third inning of the book, that's what he told us then you have tony dwyer who says, no, it is time to take some profits we are extremely overbought. we are heading towards a stall so which is it >> i think it could be a stall i mean everybody on the panel has talked about, hey, we got to consolidate at some point. you can't go up straight in a linear line. but if i am looking out a year from now, a couple of y

what do we see out of qualcomm and how are they able to navigate the supply crunch?y really maxed out the opportunity. they have supply constraints, prioritized higher value. they prioritize the automotive industry. they said line of sight suppliers are improving. if they hadn't been so supply constraint, they are in a pretty good position. of course, samsung outsources manufacturing. katheleen: that is ever west coast reporter and tech correspondent ed ludlow. keep it right here. of the more to come on daybreak asia. -- plenty more to come on daybreak asia. this is bloomberg. ♪ haidi: [indiscernible] we are seeing another thing unfolding with huarong. with the big three rating agencies with solid investment ratings on huarong, on a creditwatch mid april when we were watching the bonds selloff. a lot of critics are saying this is another case of the ratings agencies getting it wrong and acting too late. >> absolutely. the rating agencies really were caught holding the bag. they not only had investment grade ratings, they had pretty high grade ratings. what happens is

do you own nvidia and qualcomm instead of intel >> call comis the 5g play.ce, data centers, gaming intel is kind of in a no-man's-land. that's not to say i am not looking at it closely. i think it will be interesting to see what the strategy is laid out. it could be a great buy. they have a balance sheet and dividend i like those other two for the growth and this one is getting more interesting. >> josh, you sold taiwan semi. why did you do that? you mentioned that name numerous occasions? >> i keep adding to korveo to me -- that stock is up. that's one of the best positioned semis out there taiwan sort of ran its course. it is not a cheap stock. korveo sells at a 30% discount the taiwan seme. it is also the reason i sold qualcomm i like that and skyworks >> pat gehl singer sbnt on mod money with jim 6:00 we will do final trades next hey, it's good to see you. the company we've trusted to keep us working remotely, is the same company we'll trust to bring us back together. cisco. the bridge to possible. the pursuit is on. the pursuit of outperformance at pgim

i talked about qualcomm. a couple of years ago, qualcomm had to pay a huge fine in china.le's production line in china could be effected too. that is an uncertainty down the road tesla is dealing with that as wealth we have seen companies spread supply chains out of china not as fast as they want, but local sourced products will help multinational companies that are not just in one area >> sarat, do you own these two stocks both of them are up significantly this morning would you buy more at these levels >> i do own them i would buy more facebook. not apple right now. for the reasons you said apple has done very well as a whole some of the parts of facebook is exciting about the company instagram has not been monetized. whatsapp has not been monetized. you look at the issues and the government overhang. facebook by itself, some of the parts and growth of each one as we are still in the early innings. it trades at 20 times cash flow with the double digit growth that is one i would add to it. >> sarat, today is a huge earns day. we have one coming up in 45 minutes. we will s

we did it in $975.00 we took 100000 vietnamese they happen to be on boats but we brought them to qualcomm and then they spent a couple of months in guatemala we processed their visas and moved them to the united states in 1996 we airlifted thousands of kurdish fighters out of northern iraq as saddam's army bear down on them because they had assisted us during the 1st gulf war we moved them to guam where they lived for another 6 months until we processed their visas and got him here we need to begin that airlift now in afghanistan and we need to reconstitute a program for our aki allies we've been betrayed him and we need to figure out a way to get them to safety american friendship should not mean a death sentence i'm going to say that over and over and over again because that's how i was raised we're supposed to be the people who keep their word and do the right thing that's what i believe when i joined to serve my country and i'm going to fight to ensure that my country lives up to that ideal. i'm just looking right now i'm at a basket he said you heard from a comment he is in the year

qualcomm. negative so far today. caroline: ed ludlow on the money. let's talk about a person saying his -- jeff bezos says it is clear the company needs a better vision of how to create value for employees. last week, it was announced employees in alabama rejected an attempt to unionize. redstone joins me. wrote the book, the everything store. this feels may be a cynic about it, a legacy play. he has always been consumer but now he is an employee as well? >> it is one way to look at it. this is his 23rd shareholder letter. in some ways, i think it is the most remarkable. you look at everything that has happened. a narrative has coalesced. certainly in some corners, it is extractive. it takes more than it gives. this shareholder letter is a remarkable repudiation. he goes to the calculation and says they have created $300 billion in value when it you look at time saved and shareholder value. he says there is room for improvement. and says one of the goals is to be the planet's best and safest employer. he does that in the framework of being somewhat d

they have competition from amd and from qualcomm, those guys.balance the product strategy growth going forward versus the internal manufacturing? that continues to be the challenge for the company. i think that is a lot of things for the company to go through. internal manufacturing does not seem to be the most priority, in my opinion. from the national security perspective, there is the need to execute as one of the priority right now. rishaad: then we look at china, which was to break away from reliance on foreigners for its chips. tell us also a bit about china's investment risk as they try and make a chip industry a global leader? sebastian: china is ambitious. they hired an important engineer in the past few years to improve the technology capability. i think the u.s. definitely saw that. that is what the u.s. is trying to leverage, an i.p. appendage to restrict the development at the china side. so far, smic cannot get access to what is overly dominated by the u.s. and european makers. smic will likely be bounded at 14 nanometers. that is

we brought back jobs and investment and intellectual property companies like google and qualcomm havees so that tax reform clearly worked. by the way it shows up in the numbers with wage growth the 19h straight month of wage growth of 3 percent the lowest poverty rate in the history of the country since 19 fifties and unemployment at a 50 year low with blacks and hispanics. the last thing we want to do is change the tax code to make it harder for this economy to recover after the pandemic. paul: republican senators put together a proposal it is an offer of $600 billion in infrastructure. how do you pay for it? if you don't raise corporate tax, what do you do to find that amount of infrastructure quick. >> traditionally it is funded by user fees that would be a gas tax. that would cover a good part of that. probably half and then there other excise taxes as well i would go beyond that by putting a tax on cars and trucks that don't as they go to more electric and hybrid vehicles in the hybrid truck owner myself i should pay my fair share. that is something that can be done on a bipartis

look at what happened to qualcomm the last several months a real opportunity it has a nice dividend.e thank you. little baskets do not have chips. the last place you don't see them maybe they do. i didn't see one. >> i'm sure you could find one. >> maybe smart baskets. thank you. we will see you later. andrew >>> okay coming up, a warning for taxpayers. irs may have extended the deadline for the year, but it is not uetr in all states what you need to know when we come back after this >> announcer: what's working is sponsored by comcast business. bounce forward at comcastbusiness.com. rld can't s, so neither can we. because the things we make, help make the world go round. they make it cleaner, healthier, and more connected. it's what we build that keeps things moving forward. so with every turn, we'll keep building a world that works. [ humming ] alexa? play "ooh la la." [ "ooh la la" by cherie playing ] ♪ ♪ the moxie showerhead speaker. only from kohler. will there be an ev for me? what about me? one for me? you mean us? what about me? and me? how about us? yeah, how about us? great

. >> qualcomm shares increased after better than expected second quarter earnings thanks to hand setand in china. the company said it expects the global chip shortage to ease by the end of the year. our colleagues state side will speak us today at 4:00 p.m. >>> the fed sticks to its guns as it looks to tapering. wl veornext do you have a life insurance policy you no longer need? now you can sell your policy, even a term policy, for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized that we needed a way to supplement our income. our friends sold their policy to help pay for their medical bills and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset that can be sold. we learned that we can sell all of our policy or keep part of it with no future payments, who knew? we sold our policy. now we can relax and enjoy our retirement as we had planned. if you hav

got intel leading edge manufacturing and all of the very large other chipmakers that you know like qualcomm states and so, they don't manufacture themselves they go to tscm or global founders or samsung so the goal for the united states is to have leading edge manufactures here in the country it is a strategic national imperative and so that's where the funding dollars are coming in the debate is how much intel versus global foundries which is a foundry here in the states as well as samsung and what the u.s. needs to decide and 100% we need to bring the manufacturing here because we don't want to rely on a factory that is 100 miles off mainland china i don't think that's the best alternative. >> let me ask a dumb question for which i'm famous and that is this if chips are in great demand which i think they are but in low support which they are isn't that good for the vast majority of chipmakers including intel? what's been wrong with intel take that argument apart for me if you wouldn't mind. >> yeah, sure. from a semiconductor performance perspective we have a great year in 2020 excludeing

we refer to chipmakers what qualcomm, but really, those guys just design and licensed chips.hat apple is moving to is to design its own and then look to third-party manufacturers to fabricate them. that is really part of what is shaking up the chip supply chain. it is one reason why intel moved so aggressively with that $20 billion investment plan, not just to double down on manufacturing its own chips, but to launch its own foundry business where it can make the designs of others, including its own customers or existing customers like apple. kailey: i want to focus on the financials of the company. we just had a chart on the screen that showed its cash pile , something like $200 billion. despite that, we have also seen apple cap the debt markets over the last year just because borrowing costs are cheap. can you talk me through the financing of this investment? could we see apple come to the debt markets yet again? ed: we don't have much reaction this morning, but between may of last year and february, the last time apple tapped u.s. investment grade markets, the last was abo

apple, facebook, qualcomm all beating and raising. actually, apple doesn't offer guidance. bottom-line growth really impressive at 93%. these are the big stay-at-home stocks. it seems as if the strength is continuing for them on a bunch of bases. service is down now 7.3%. this is one of the niche stay-at-home stocks. their guidance was taken down, reflecting the idea that as we come out of the stay-at-home stage and the reopening stage, this stock might not do as well. what is really fascinating me as apple. if we go into the bloomberg terminal, we see earlier today, apple reacted so well to this blowout quarter, crushing topline, bottom line. apple iphone sales really growing in a huge way. at the highs and the premarket, of about 3%. right around the open, taking a bit of a nosedive here. still higher about 0.5%. at one point, up less than 0.3%. but that is a really interesting reaction because of course, i know that you have really been fascinated by the idea of will these companies deliver. apple seems to have delivered. if we go to our next three, we will see perhaps a

qualcomm there also higher by 5.5%. bullish forecasting given for the current quarter. the online marketplace, ebay, the outlook missed estimates. we are seeing the downside being pushed into the stocks at the moment. amazon unchanged at the moment. we are getting details of the plan to bump hourly wages. let's get you now to vonnie quinn in new york for the first word headlines. vonnie: morning. federal reserve chair jay powell and his colleagues have upgraded their assessment of the u.s. economy, but say they are not ready to consider scaling back the pandemic. keeping policy and asset purchases unchanged, the fed strengthened its outlook and signals that risks have diminished. powell says inflation is reflecting what he calls "transitory factors." as india expanded its vaccination program to all adults, the government run website hosting the vaccination registration process crashed. the systems came back up, there were no available slots. social media lit up all over the columns. more than 850 million people are eligible for the shop. andy is so far administered abou

qualcomm is a maker of chips for smartphones benefiting from that surge in demand. shares up about 5%. on the other side of that semiconductor equation, you have ford. that chip shortage biting with a cut to the outlook that could cost them about $2.5 billion. those shares down the better part of 4%. we also heard about chips from caterpillar this morning. earnings beating expectations by about 47%, but the cfo saying they might not be able to meet and demand in 2021 because of that chip shortage. also, they didn't provide any outlook. still, shares are in positive territory in the premarket. to the downside, it is lower by the better part of 7%. ebay, this is interesting, down 7.8%. . the company saying stimulus money ran out. we are not going to be able to benefit from that anymore. as americans emerge from dependent, they don't think they are going to be -- from the pandemic, they don't think they will be able to hold onto those gains. tom: domino's pizza, same-store sales up 13.4%. we are making our contributions at the keene household. jonathan: are you? i do n

. >>> keep your eye on qualcomm. evercore down grades stock saying had a good run.think the 5g halo played itself out. that call and others are only on krckr k krn -- cnbc.com. we're back in a moment. in real time from anywhere, the future works better. microsoft surface devices with teams, orchestrated by cdw enable employees to stay productive when working together, with high-quality audio-visual features designed for natural collaboration. so your team always captures every detail. microsoft and it orchestration by cdw. people who get it. do you have a life insurance policy you no longer need? now you can sell your policy, even a term policy, for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized that we needed a way to supplement our income. our friends sold their policy to help pay for their medical bills and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life

i'm going with, do qualcomm inside the phones or do xilinx in the towers.ilinx obviously is merging with amd. you can play it any of those three ways. charles: all right. we got a lot of great ideas. we've gone almost every aspect of what is happening in this market right now. again i think the next 72 hours in this market will be absolutely explosive. mark, david, thank you both very much. >> thank you. charles: corporations are taking the role of woke police. they have taken us on but what happens when they have to go against their own self-interests? the dangers of crossing the woke rubicon. millenials are quickly dismissed by wall street elite and the media. that is not stopping them. they feel more confident about life in the markets than ever. we'll explain why that is great. some think maybe too great. we'll be right back. bike shop please hold. bike sales are booming. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from our resume database. claim your $75 credit when yo

you got boeing, facebook, ford and qualcomm out with their numbers as well at the premarket move >>>ate and the rollout continues to boom. more than 230 million shots have gone into american arms which means 97 million americans have been fully vaccinated. that's more than 37% of the adult population wow. and over 54% have received at least one dose which a new study out yesterday shows is highly effective in reducing transmission just one shot. also, cases continue to drop to recent highs and despite scary headlines around michigan and a few other states, nationally hospitalizations, especially among the young, are not moving higher nationally. and in a few select locations they are, but overall, the trends of cases, hospitalizations and famtalities are all moving in the right direction as the vaccination boom continues >>> time for a check of this morning's other big money movers a second round of this, stock number one -- or stock number four is visa meeting forecasts, surge in online shopping, a sluggish spending on travel visa's total payment rising 11%. the biggest jump since t

more coming after the bell tonight, we'll tell you what to expect from both facebook and apple >> qualcommoming after the bell i'll be watching that. now check out shares of shopify, sold off for the last two weeks but recovering all of that after strong results this morning. president harley finkelstein is going to join us on that as well then there's shopify, tanking at the open, trying to rebound after the current quarter's operating loss range fell below the street's forecast. more on all of those throughout this hour. >>> jon, top of the feed today, where is the growth story in big tech microsoft and alphabet both out with huge beats. microsoft, $41.7 billion in revenue, up 19% year off year. alphabet, $55 billion, up 34% year over year investors are looking for the next growth story, like youtube. for alphabet, that business seeing a growth rate of 49%, google cloud up 46% year over year and for microsoft take a look at its cloud revenue, azure up 50%, xbox 50% teams, that product now has 145 million daily active users, which, guys, brings us to apple, earnings out tonight and could

spending proprietary, you know, money on, you know, getting intel's chips or anybody else's chips, qualcomm'sps, right in so the iphones are going to have -- i think that's a big, seminal event coming from this. when it comes to the internet of everything, apple wants to own the entire vertical. liz: okay. so let me get to this chip issue because, to me, this was the most important part. let me let people listen to exactly what the sound was that they talked about with guarding the m1 chip. listen. >> let's take a look at the previous imac. the logic board and thermals were huge because of the power-hungry processer. and the cpu, tpu and other components were all separate chips in the system. now, with the system architecture of m1, these are all consolidated into this much smaller logic board. liz: okay, there you go, that is just a slap, john, at every other chip maker. oh, it's so huge and bulky. look what we have done. but where does this take them? and then we've got to talk about the colors. there was a whole purple power issue where they have unveiled the brand new lavender colors of o

corrections in multiple sectors, right large cap tech, you know, whether it is apple, whether it is qualcommazon, they've been off more than 10% from their recent highs they're coming back now. you can look at the financials a lot of those, citi group, coldman sax, they went down 10%, they're climbing back now. energy names look at chevron, texaco, look at marathon petroleum, those names went down 10% and now they're climbing back. the point being is we've had the correction what happened was the sectors were out of sync with each other when they were correcting, so it didn't show up in the overall market but we've had it, and i'm not worried about it you've got a supportive fed. you have got fiscal stimulus that's in the pipeline and coming yes, i'm worried about taxes, but it is many, many months before we're going to know what the tax regime is actually going to be. so in that context of being bullish, i sold verizon. take a look at a five-year chart. the stock is up like 12%, 15%. i know that if i ever get cautious, i can go back to verizon and get the dividend but i want to be in viacom

we know that they were the eye of qualcomm a few years ago. china scuttled that deal i would think in a $55 billion market cap, once we get by some of these supply constraints, you might see some m&a activity again in the space and nxp could be on some people's shopping list >> guy, would this be on your shopping list? >> again, going back to your unbelievable memory, remember the stock draft a couple of years ago when i looked at you and remember we said nxpi should come off the board early do you remember that, right? >> i think you were going to mention zi links >> anyway -- >> go ahead. >> it's not an expensive stock here, and if you look at it, they're in the right spot. half their revenue is automotive operating margins came into 30.9%. which year-over-year is a huge jump for them. i think the stock can continue higher good for nxpi. >> karen, what would you be listening to on this call in relationship to other chip names out there? >> i mean, i want to hear the shortage obviously just one headline, tesla said they've navigate a chip sho

i'm buying, you know, whether it is qualcomm, it is alumina, i'm buying lowe's. so, you know, spreading it across i'm not really -- i'm buying financials, i have jp morgan, prudential. >> that's new money? i don't want you to go down the book of all of the stocks you own. on my sheet it says you have no new moves. >> no, well, for new money, yes. no new ideas but if people had capital, i'm putting the money to work. >> you are putting the money to work, okay at the current levels of the stocks you are talking about, you are not hesitant to buy more of the stocks you want >> no. i'm not hesitant to buy these stocks if i'm wrong for the next, you know, quarter and the market pulls back i will add more to them, but these are the companies i like. >> sorry i wanted to make sure i understood exactly where we're coming from. stephanie link, you bought best buy for the first time ever. tell me why. >> i have never owned it and i missed a lot of money along the way, but i still think this stock is very attractive it is a stay-at-home stock, tra trading -- as we reopen, i

refreshes again and you put money back to work you have bought apple on the dip twice, you bought qualcomm and other things as well, so getting some of the money back into the market. >> yeah, and boeing and cisco. it is clear from my action and my words that i'm very bullish right now. i'm not just going to wipe away the accusations of complacency because i think there are excellent arguments against complacency. i think there's fundamental reasons. we talked so far today about aggregate demand picking up, whether it is fiscal stimulus or vaccine, that's fine you know what else will help, is supply chain issues. we have been in a chip shortage issue for the last several months that held back production you can look at gm and ford and how many plants they're idling think about when the chip shortages go away and they will, think about the plants going back online and think about inventories on dealers' lots that are roughly one-third they normally would be. here is the beautiful part that's not tomorrow. that's second half of this year. that's into 2022 by the way, similar phenomenon on th

i add one more name in the tech sector qualcomm on valuation to me makes sense. it had a horrible move to the downside it overshot the levels they thought it would halt, but it seems to be getting off the mat. there are names that on valuation you can still reconcile in this environment. >> all right let's bring tom lee in he says the market rally has only just started. tom the head of research at fund strat "fast money" friend. he is calling for a face ripper of a rally tom, good to see you face ripper is not a technical term it's a term you're using to describe what we're in what does that mean? what kind of rally is a face ripper rally >> i mean, i think it's a characteristic in a sense that institutions raised almost 200 billion of cash since the start of the year, so they've turned quite cautious, and they've been fading or selling their tech and growth holdings, but they've only just begun to nibble on the stocks you guys are talking about, the epicenter so i think there is a level of surprise coming in april because we already had a strong finish beginning