thank you to qualcomm for making this conversation possible. welcome to audiences on facebook, twitter, linkedin,k youtube, and axios.com. join the conversation on twitter, @axios. i will be joined by my colleague will unpack efforts to close the digital divide, the future of 5g technology, and the role it plays in shaping america's infrastructure. our first guest is acting chairwoman of the federal communication's commission, jessica rosenworcel, joining us from washington, d.c. chairwoman rosenworcel, thank you for being here today. ms. rosenworcel: thank you for having me. >> we have known about this a stubborn digital divide in our country which became more painfully apparent during the pandemic. there's a lot of discussion about how to close the digital divide and make sure that more americans have access to broadband. a lot of focus on cyber and different technologies to get there. can you tell us a little bit about how 5g technologies will fit into closing the digital divide? ms. rosenworcel: sure. 5g is the next generation of wireless t

the ceo of qualcomm. how are you doing? >> very good, very happy to be here. jim: 5g, anybody with a phone as for the term. was people know it means more speed. why should the average person care about 5g, and how will it transform their life in a way they can touch, feel, and see? >> 5g is going to be how all of us connect to the internet. 5g is transformative technology that at the end of the day will that everything connected to the cloud 100% of the time and a reliable manner. the way we think about 5g is almost like a row of electricity when we talk about connecting to the internet and connect into the cloud. today we don't talk about much about electricity. we just assume it is there. that is how we think about connectivity with the internet and the cloud. the exception individual be that you are not connected. that is the reason 5g is so important. not only for consumers, but all of the other industries that will be relying on the cloud. jim: it starts in big cities, right, with large concentrations of people. it's expensive technology. what are the fir

on qualcomm or the close. >> qualcomm is working off a 15% drop from the high that's a little bit ofift, as well you know, i think the market has been dealing with it its own issues, which is everyone is expecting earnings to be great and the bar has been high. you've had a little bit of a sense of deceleration. not sure what the bond market is trying to tell us. 10-year yields couldn't hold the minor rise they had after the fed. i think that kind of fed into a little bit of a soft close but, hey, .5% from all-time highs market getting more reasonably valued earnings are up not less i think it's the flow issues are a little bit of a challenge for the market right here as get into a rougher seasonal point. but so far it's hard to kind of pull the benefit of the doubt away from stocks where they've been acting. >> josh brown, what do you take from qualcomm? i mean, we're going to have to hear about chip shortage and things like that once the call starts that's what is going to matter most is the outlook of relative to that issue. >> it's an extremely high quality business i know there'

and scott sandell joins us as well and comcast chairman and ceo brian roberts is here as is qualcomm's ceo cristiano amon. and we'll talk about the fraud charges against ceo trevor milton facebook, didi, amazon, in what is an absolutely packed hour, jon. i don't know hour we're going to get through it all it will be fast, it will be quick, but there will be a lot to get through >> yes, we will get it all done, robinhood, though, is where we will start leslie picker is at the nasdaq with the latest there. leslie >> we're starting to get some indications coming in, still $39.25 at this point in time that implies about a 3% gain from where the company priced its shares last night at $38 a piece. it is something that we will be watching closely today because as the indications have been coming in, they have trended downward, first one came in around $42, a little after 10:00 in the morning, since then we have seen them tick down that aid, it is still early days, this process involves pairing shares, you have to get a certain number of shares paired before you can start to begin trading to

qualcomm getting to a different sort of arm wrestling. some will push back, guys.. spes especially if you compete against him. amazon wanting to create more of a rebel alliance cloud player ceo going further with, quote, never trust amazon on twitter there more trait ahead stay with us there's an america we build and one we discover. one that's been tamed and one that's forever wild. but freedom means you don't have to choose just one adventure. ♪ ♪ you get both. introducing the wildly civilized all-new 3-row jeep grand cherokee l. ♪ ♪ >> markets quoted and taking a look at that >> under pressure following a report from the wall street journal. the department of justice is investigating the company. we don't know anything more than that down almost 13%. already an sec inquiry that lordstown is cooperating with. s at at this point, all we have is the wall street journal investigating the electric automaker. we'll probe this story and give you any updates or further information from the doj back to you. >> those shares down 11% back to jeff bezos he created a new kin

do a better job than was done by four g before. >> thank you for a fascinating conversation and qualcommut this important technology. >> thank you very much. good talking to you. >> with now our chief technology correspondent at axiosco. >> the executive director of the manufacturing institute joining us from washington dc. >> thanks for havingg me. >> we have been hearing about 5g four years and it has been available in's some form for a little while that we have heard how businesses can use 5g to automate all manner of things so where are we at in terms of business use of 5g quick. >> manufacturing is important by the end of the year the majority will be looking to use 5g and facilities and also recognize the speed with which 5g is deployed will impact the ability to be globally competitive. we are ready and waiting and looking for the opportunity that comes with thiss technology. >> what uses are your members most excited about? >> and innovative efficiency that is key to manufacturing competitiveness the more efficient we can be the more effective werv are so that deployment of 5g al

pay paul -- paypal and qualcomm on wednesday. plenty more still ahead.me minister of spain is with us. you don't want to miss it. this is bloomberg. emily: let's look at other headlines. china may ask companies that offer tutoring to go nonprofit. that could decimate the country's industry. the firms would no longer be allowed to raise capital or go public and those that have already listed may no longer be able to invest in or education firms. an ipo is india's biggest since march 2020. it is the first of a generation to tap the country's capital markets and has generated a frenzy among the local investment community. gm is recalling chevy volt vehicles for the second time in less than a year. after two vehicles that were repaired in a previous recall caught fire. the recall affects 69,000 cars that have batteries made by a south korean company. coming up next, my interview with the prime minister of spain. we will talk about his efforts to attract startups in tech to his country and about his meeting today with apple ceo tim cook. this is bloomberg. ♪

he says this should be seen as a positive for qualcomm investors.obably gets $38 for each iphone sold combination of chip sets and licensing. this year's iphone update will be more incremental than last year's iphone 12, according to the same report, emphasizing processer, camera and display improvements in my eight years covering apple, to be honest, i have lost track of just how many times we have heard this same thing incremental, evoluevolutionary, revolutionary. it's not sure how that correlates with actual sales the end of the day consumers still buy a lot of iphones. we'll see what happens this year back to you all. >> josh lipton, so true. thank you. >>> going further on apple, we're going to turn back to its reported plans, perhaps to increase its footprint in payments testing a buy now pay later option with goldman sachs, that sent stocks like a firm tumbling our next guest runs the $46 billion firm klarna-a competitor in the says, ceo sebastian siemiatkowski joins us now sebastian, good to have you. what's the impact or what would the imp

qualcomm saying they thought their licensing business would be okay.ng to be able to win the legal battles. a lot of investors did not think so and qualcomm pulled it off. we'll see. these are tough fights >> they did. well, they did we'll see if pat gelsinger can pull it off as well. lots to be seen there. look at china stocks, they are down again today the government crackdown sparking an extended sell-off, not just in tech, but for delivery, other industries, we have been covering it closely. here to talk more margins editor rajan roy. i wonder if you think there is any industries that might be safe from this crackdown we don't talk about a lot. but we know semiconductors have been building up capacity innovation there has been a larger priority for beijing. could there be some opportunities here >> thanks for having me here, deirdre. i do think hard tech versus soft tech is an important distinction here in the last week, the last week and month, china has gone after food delivery as you said. tencent announced they would not be allowed to sign up n

qualcomm delivered a bullish fort lee -- quarterly forecast.a-based chipmaker forecast earnings well above analyst estimates and said supply constraints are expected to ease by the end of the year. qualcomm is the biggest maker of smartphone ships but it is attempting to expand to supply chips for computers, networking gear, and electronics. apple will require staff and customers to wear masks at most of its retail stores in the u.s. the change takes effect thursday and will take effect even for those who are vaccinated. apple is responding to a resurgence in covert cases. the company had already started mandating masks earlier this month. apple pushed back return to office deadline for corporate workers. a surge in covid-19 force google to delay its office return date from september to mid october. the company robo choir workers coming back to show proof of vaccination. the ceo said google will extend paid leave for parents and caregivers through the end of the year. >> -- into the fed decision. dennis lockhart joins us shortly plus we take a

qualcomm is a stock i would buy right now. amd, i wouldn't chase that one. i would wait for amd to pull back but qualcomm and nvidia are good solid names i would consider. i don't chase anything. as long as you're not chasing you should be in them but if you're just trying to get in for the first time, you need to establish a position, you want to be in the name i guess you will chase it a little bit f you're in the name already around adding to building the position there is no reason to chase, if it trades higher you are participating with the market. charles: right. but, larry, that is the point, right? it is hard to know, okay, what is the pullback, right? i know personally i've missed a lot of names waiting for the right kind of pullback. more often than that not if you want to own the stock, i love the fundamentals, i wasn't the first one in it, crude is breaking through 75. the top winners right this moment, 10 are crude stocks, a lot are going higher. would you buy any of them. >> it's a good point. oil is really underrepresented in the s&p 500. sure

i'll stand by that amd is eating their lunch as is c qualcomm is equally cheap.nk you'll get killed. amd in earnings tomorrow is really interesting. >> still ahead, we're gearing up to for a super tuesday with earnings tomorrow after the bell, we have wur your s up etif the reports when "fast money" returns. only 6% of us retail businesses have a black owner. that needs to change. so, i did something. i created a black business accelerator at amazon. and now we have a program that's dedicated to making tomorrow a better day for black businesses. ♪ ♪ i am tiffany. and this is just the beginning. ♪ ♪ >>> welcome back we're about to kick off a monster day of earnings, apple, microsoft and alphabet tomorrow. let's bring in mike khouw with the setup on one of the titans. >> so i was taking a look at apple. apple didn't trade well above average options volume because it trades so many options already. it represents 4% of the all of the options traded in the united states today and we saw calls outpacing puts by more than 2.7 to one riepgts now the options market is imp

a lot of that those we have not yet covered, including qualcomm. i know jim's fired up about ford we'll talk some comcast. we'll talk the hood ipo. futures pretty steady. we're back in a moment sales are down from last quarter but we are hoping things will pick up by q3. yeah...uh... doug? sorry about that. umm... what...its...um... you alright? [sigh] [ding] never settle with power e*trade. it has powerful, easy-to-use tools to help you find opportunities, 24/7 support when you need answers plus some of the lowest options and futures contract prices around. don't get mad. get e*trade and start trading today. >>> united states, just recorded southern district of new york against trevor milton, it's never good when the u.s. is coming after you, but that is the case of course for the founder of nikola, former ceo who joined us here about a year -- not a year and a half ago, year and three months ago, right before the pandemic hit, march let's call it when nikola announced that spac deal it has since, of course, become a public company on its own righ

qualcomm is up 5%. any comment? susan: qualcomm had a fantastic quarter, 5g recovery, thank you. extra time with sean duffy there talking about his kids. robinhood will start trading today. what happens when senator ted cruz asks a panel of intel experts why the biden administration has done so little to combat cyberattacks from china? just watch this. >> do you have an answer as to why the administration has not sanctioned china for repeated cyberattacks over and over and over again against the united states? stuart: i guess you're supposed to say crickets. well, i'll talk to to marsha blackburn about that. founders of ben & jerry's defending the israel boycott in the pages of "new york times." i will talk to someone about ben and jerry's, men of ice cream, men of principle. ♪ t me down ♪ ♪ and mess me around and then ♪ ♪ worst of all ♪ ♪ you never call ♪ baby daydreaming again? but i love you still you know i'm driving, right? i do. ♪ buttercup baby just to let me down ♪ if you ride, you get it. geico motorcycle. 15 minutes could save you 15% or more. with voltaren arthritis pa

in 2021 they're finding their legs it's a process i'm not worried about texas instruments or qualcommf. i don't own it but it's come off. all the stocks are consolidating setting up the next leg higher be long semis period choose the ones you want you're supposed to be long and overweight semis the next one to two years >> carrie, do you agree or case agree with that? >> you know, we don't own any of the semis. i think it's been a fantastic opportunity that we missed in nvidia in particular but we have a limited number of names in the portfolio they've had great growth over the last year plus so the tech names are not semis. so, i tend to think that the ones that request participate in the acceleration of demand on cloud-based computing and gaming, and the devices that we all use are the ones that i would own. so nvidia if it pulled back. if we get the mike wilson correction i'd like to own nvidia but that's the only one i would >> why are you trimming bx blackstone, that's up 5% >> you owe we owned this a rung time one of our largest positions, had a great quarter, really great quart

thank you to qualcomm for making this conversation possible on america's digital connectivity.elcome to our audiences on facebook, twitter, linkedin, youtube and, of course, on axios.com. join the conversation today on twitter at axios and hashtag axios event. over the next 30 30 minutes e joined by myy colleague ina fri fried. our first guest is acting chairwoman of the federal communications

qualcomm's related to apple. right now with apple. >> the pieces broken out everywhere with them. >> right, but taiwan semi is no longer tight on everything they've got space. in the meantime, intel data, which did steal a top executive from mellanox by nvidia, over the weekend intel doing something that i think is exactly the opposite of what our regulators want, which is buying global >> well, we don't know we don't know. >> we do know. actually, we do know >> we do >> it's one of the most stupid things i've ever heard. >> my point was we don't know that they're going to follow through and do it. >> but think about it, even under anybody's interpretation. >> yeah. >> anybody's, it's wrong so david, the lawyers behind that are shar letons. >> i want to talk more about that you were not here on friday when we discussed that. >> you can't do that, everyone's going to complain. but pat gelsinger continues to take bull action he is, yes, full of sound and fury and signifying -- >> nothing really nothing? >> macbeth

in an effort to compete, qualcomm hired engineers from previous products. >>> and didi will be joinedequity index on the s&p. ftse russell said earlier that the chinese ride hailing company will be added to the index on july 8th didi shares jumped 16% yesterday. one day after the debut. the biggest u.s. listing by a chinese company since 2014. >>> and shares of richard branson's virgin galactic is surging this morning after plans to announce that branson himself will board the first manned flight into space on july 11th weather permitting that launch would be nine days before jeff bezos' planned to take a blue origin rocket into space with his brother and an unnamed third passenger. in a statement, blue origin chief executive said, we wish him a great and safe flight, but they're not flying above the carman line. it is 62 feet above sea level. a boundary bezos plans to cross on his flight on july 20th the billionaire trash talk, seema. >> the story has everything you want the war of words and competition. the race is on look at the stock and how it is responding up until 27% in pre-ma

meantime, qualcomm out with earnings, also delivering a bullish forecast. the chipmaker boosted by the growth of 5g, increasing consumer demand for new devices. the ceo saying the company is trying to expand its reach beyond the phone chip market and win orders in pc's, cars, and home electronics. he said he's also optimistic about the chip crunch. >> we expect material improvement in supply by the end of the year. as i said before, we are still seeing more demand than supply across the business, but things are continuing to improve on the supply side. that is reflected in our guide. emily: coming up, facebook shares plummeting as the social network warns revenue growth will slow significantly. we will tell you why, next. this is bloomberg. ♪ emily: facebook facing major headwinds under the weight of apple's new ad targeting software. the network morning revenue growth will slow significantly after reporting 29.1 billion dollars in revenue for the second quarter, with user growth coming in line. investors seemingly wanting more. we've got to talk about the

and notable laggards, we should point out here, qualcomm is down about 6% this year and take two, down about 15% under performing its peers activision and ea. back to you. >> josh, thanks for that stay right there we're going to bring in joe longdale for his second half playbook, palantir co-founder, joe, good morning. great to see you again i want to start with the tech megacaps, trillion dollar club, they regained their leadership over the last month or so despite more regulatory scrutiny, competition with each other. what do you think they'll do in the second half? >> you know, these companies are making a lot of money, we're printing a lot of money new and they're a big part of our economy, and there is a lot of people complaining about them. but it doesn't look like we're going to do anything to hurt their business. >> what about the regulatory landscape? you have strong thought os on a couple of them, google and apple and their app stores >> you want strong american companies, you don't want the chinese ones to be the global leaders. on the other hand, it is really dangerous for

there were earnings after the bell tonight, including qualcomm . they were higher on the day.ebook, lower. paypal, lower. lambda research, also lower. concerns not only on how they did in the recent quarter but also against how they will do going forward in the face of a delta variant that seems to be taking a bite out of economic activity. real yields this week are at record lows. caroline: signaling not just inflationary pressures, but growth, the fact that the u.s. has not managed to move the bar significantly in a long term. meaning significant pressure, it's a rate of change as taylor would say when you look at a significantly negative real yield. caroline: i just -- romaine: i just don't think it's good. i mean, we did put a red box on it. it should've been a green box. caroline: that feels do mongering for us. katie, i know that you think this is pretty important, what's happening with negative real yield. did powell pooh-pooh it? >> he did talk about technicals and i felt really validated. he asked directly what you make of the bond market move and he said that there i

great way to get sector. >> raytheon, 2.5% dividend jim. >> qualcomm. >> like it, jim.ort." have a great long weekend. happy fourth of july, everybody. "the exchange" with new record highs begins now you're welcome, kelly. >> thank you, brian. i'm kelly evans. hi everybody, and welcome to the exchange 850,000 new jobs and wages on the rise so, why are bond yields falling again on this great jobs report? we will tell you why and look at the stocks that could hurt if wages continue their climb >>> plus it's branson versus bezos in the space

qualcomm gets about $38 for each iphone sold, that's a combination of chip sets and licensing makes get built right now after all given this uncertain environment with ongoing chip shortages and constraints why not lock in iphone supply and if need be scale back if warranted in the month ahead. brian, back to you. >> all right josh lipton with big news on apple. thank you very much. let's go around the horn and trade this guy adami, more iphones, new iphones. i mean, is that alone going to move the stock or is apple just going to keep going up because there are more buyers than sellers? >> well, i always relish the opportunity to speak about apple, but, you know, obviously the trade has been long apple but there are other trades as well and you mentioned the trickle down i look at a name like broadcom, for example, or avgo as it's called now in terms of their investor meeting with bernstein next week they're coming off a ridiculous second quarter in early june, valuation at 16 times next year's number this stock breaks out to a new range. i think despite the fact that it sold off to

companies being accused of being monopolists are bad, or whether it is ibm with a personal computer or qualcommthe best companies we went after, none of those lawsuits succeeded in doing anything other than hurting great american companies. they did not help consumers. antitrust will protect consumers and not competitors. all of a sudden somehow being big is bad. being successful is bad. doing a great american company is bad. we are going after amazing companies that are doing great things. they are making mistakes because it is a new world. congress has an important role to secure the guard rails and say what is legal and what is not. but to create new antitrust theories to go after successful companies. this is what happened 10 years ago. legislation through congress in a bipartisan basis would not mean these same companies are liable for everything posted on their website. what happened, consumers realized and they rebelled. more consumers and american citizens contacted congress in one week than in the history of congress, and it was bad, it will never come up again. this is a no-brainer ag

beautiful christiana, the president and ceo of qualcomm. >> happy to be here. >> 5g, anybody but the phone has heard the term, i think most people know it means more speed. why should the average person care about 5g and how well it transform their life in a way they can feel and see? >> 5g is how all of us are going to connect to the internet. 5g is this transformative technology at the end of the day will get everything connected so one 100% of the time in a reliable manner. we think about 5g almost like electricity talk about connecting to the internet and the cloud. today we don't talk about much about this, we just assume it's apparent and that's how we think about productivity looking to the internet and cloud. the exception in the future will be -- it's going to be not only for this and all the other industries rely on the cloud. >> you need large concentrations of people, and expensive technology, what are the first things we're going to see that we can do because of 5g or 6g that we can't do today without it? >> we will start in big cities and some areas have 5g service mix

we're now about halfway through facebook qualcomm, paypal, comcast, ford all in focus today.nt comcast reporting results, renewed corporate covid restrictions also

thank you to qualcomm for making this conversation possible.ital divide, the future of 5g

apple, microsoft, alphabet, facebook, amazon and the qualcomm, tesla, paypal, pinterest, all on deckf the show. ifs in a precursor, julia, this could raise expectations for pinterest and facebook they better not disappoint >> yeah, well the pressure is on for pinterest now. we see that stock up about 4.5% on the positive earnings surprises from snap as well as from twitter but it seems, deirdre, the quarter was good for advertising and the social ad platforms benefit. we have to note that facebook is up 6.5% today on the -- the credit suisse note as well as the twitter and snap earnings. and alphabet we hear from next we can, the shares up 3% as well so the optimism is high going into those big earnings next week, dee. >> it is and of course the ad story on social media but also you mentioned alphabet and google, the cloud story, right. we have microsoft, alphabet, amazon all coming up with a lot of questions on can they keep up this growth? alphabet shares up another 2.6%. a lot of the maga cap tech games hitting record highs into the earnings season. back to the theme that expectat

wednesday, paypal and qualcomm and facebook. thursday, amazon.th us is the senior portfolio manager at synovus. dan, you're looking at microsoft, soaring past the expectation. what are you going to be watching? dan: well, again, emily, the key figures will be the infrastructure software service and the data center product. i'm looking for that to grow by about 50%. also, the intelligent cloud, that's the cloud group everybody focuses on, looking at strong growth in those areas. then there's always gaming and other services. one thing that could be a surprise is their overall operating system service, windows on their pcs. we've had good strength in terms of data showing volume growth in the space being very strong. so, wouldn't be surprised if that trickled in like it did in the last quarter. so i would expect, emily, good numbers coming out of microsoft going into next week. emily: meantime, cyberattacks seem to keep nipping at microsoft's heels. the u.s. has blamed china for the hacks. china denied this. i spoke to a guest last week about this

we will be all over facebook, qualcomm and paypal with their earnings reports after the bell.ll be joined on the show by the ceo of linkedin. those conversations you will not want to miss. right here on bloomberg technology. i'm emily chang in san francisco. this is bloomberg. ♪ haidi: a very good morning, welcome to daybreak australia. sophie: we are counting down to asia's major market opens. shery: top stories this hour, the slumping u.s. china listing accelerated. posting the biggest three-day fall on record but mark

in the meantime, qualcomm is out with earnings, delivering it a list quarterly forecast, boosted by the growth of 5g and increasing consumer demand for new devices. the ceo saying the company is trying to expand its reach beyond the phone ship market and win orders for cars and home electronics. we spoke to him before the earnings call and he also said he was optimistic about the chip crunch. >> we are expecting material improvement in supply by the end of the year and as i said before , we are still seeing more demand than supply across the business, but things have continued to improve on the supply side consistent with what we have set in that is reflect it in the guide. emily: all right, coming up, facebook shares plummeting. we will tell you why, next. this is bloomberg. ♪ emily: facebook facing major headwinds as revenue growth is signaled to decelerate significantly after reporting 29.1 billion dollars in revenue for the second order with user growth coming in in mind but after massive big tech beat, investors seemingly wanting more . joining us now, scott kessler. got to talk ab

haidi: pretty good quarter for qualcomm.he ceo had a positive outlook when it comes to the chip shortage. let take a listen. >> -- let's take a listen. >> as i said before, we are still seeing more demand than supply across our business but things are continuing to improve on the supply side consistent with what we said and that is reflected in our guide. haidi: really bullish forecast as well. ed: a similar thing to apple. handset adoption plaintively driven by 5g. that is qualcomm's bread and butter. they seem to be doing well in other areas like automotive. the ceo told bloomberg they are approaching $10 billion of sales in those new categories. supply constraints are are a good problem to have. there was some weakness in markets like india and china that they referenced in the lower end of the market. we suggest they are doing well in the more expensive and higher priced chips and when the market recovers out the end of the year, they will be able to sell higher volume which is a nice problem to have. haidi: ed ludlow. l

wednesday is paypal, grubhub , and qualcomm, and facebook. and amazon on thursday as we round out the week. of course, we will bring you all the details on every sickle one. -- single one. make sure you stay with bloomberg throughout the week. the largest maker of semiconductors is considering expansion. taiwan semiconductor says they may build a plant in germany in addition to the one they may build and japan. chipmakers have been cranking up production to deal with shortages for carmakers like tesla. coming up, china's crackdown on the booming education industry raises questions about how far beijing is willing to go as it tightens its grip on the world's second-largest economy. this is bloomberg. ♪ emily: bitcoin mobile says the crackdown by chinese authorities will probably intensify and may even lead to an outright ban on holding the token. the founder and ceo of a crypto wallet maker spoke on bloomberg television. >> at this point, i do fear that in 4-5 years, the country might outright ban and. -- ban it. but it is too early to tell. b

next is qualcomm second quarter profits doubled the company ticking a rise in sales for 5g phones.ltiple partners is boosting supply finally, paypal. the profit outlook is outweighing second quarter reports. guidance for the third quarter is below estimates as it continues to beat it by former parent e-bay which is shifting away from the platform to its own payment service. >>> still on deck for the show, a promising sign that new york's resurgence here's a hint. summer tourists. stay tuned you are watching "worldwide exchange" here on cnbc >> announcer: today's big number $654 billion that's the estimated annual market of global energy storage by 2050 according to bernstein battery demand is expected to grow 12% per year with passenger vehicles the largest source of demand ready to shine from the inside out? try nature's bounty hair, skin and nails gummies. the number one brand to support beautiful hair, glowing skin, and healthy nails. and introducing jelly beans with two times more biotin. ♪♪ the ey entrepreneurs access network has a tremendous impact on my business because it's

we will be all over facebook, qualcomm and paypal with their earnings reports after the bell.will be joined on the show by the ceo of linkedin. those conversations you will not want to miss. right here on "bloomberg technology." i'm emily chang in san francisco. this is bloomberg. ♪ (announcer) looking for a better way to lose weight and feel good? how about the one with the 98% success rate and the more affordable weight loss solution? that's golo. there are no monthly fees and it's guaranteed to work or you don't pay. how can golo offer all of that? because it's not like any of those diets you've already tried. it's the new way to lose weight. no stimulants, no starving, just results. results you'll keep for life. no more sacrificing to lose weight only to put it back on. no more sacrificing, period. it improves your lifestyle and delivers incredible results. with over 2 million satisfied customers, golo is the new way to lose weight. this is the only program i have ever done that i have never deprived myself of anything. (announcer) if what you're currently doing to lose we

positive especially when you add on very solid report from amd this week, a very solid report from qualcomm as well i think it could reignite the group after being flattish since mid-may. >> interesting, interesting. we talked about a lot of names tied to the opening reporting next week, talking about marriott, about expedia, bookings holdings. what's more important, their earnings or their guidance >> yeah, i do think it is their guidance, their visibility, anything with regards to covid, delta variants anything like that i do think we are seeing travel -- it is recovering maybe it pauses because of delta but in the bick pi big picture s on the rise. in terms of companies i want to own it's not only this team because all the names you mentioned will benefit from travel and will reopen but i want to have internal companies, things are going on that the companies are doing. so expedia, for one, i own it's up 23%. it's had a nice run. i think there's more to go they do have a cost cutting program. that should help margins margins can go from the upper teens to 24% to 26% that will create oper

tomorrow we also get earnings for deutsche bank, barclays, facebook, pfizer, qualcomm.cross industries that we could see an effect. we also say we have u.s. wholesale inventory as well. alix: it will be a lot to move. i am curious to see if any of these headlines wind up moving markets. as long as people are spending, it is fine. you have to wonder if any kind of redo guidance will -- renewed guidance will clampdown confidence. that starts to squeeze growth a little bit. we are already talking about peak growth. dani: what are the second order effects of this? if making people wear masks again is a discouraging affect from getting a vaccine, if we do not see that vaccination rate pickup in the u.s., but that also hurt growth? there are a lot of tail risks. alix: 100%. it appears to be why the cdc is more reluctant to recommend a booster for that reason. alix: a busy 24 hours. stay tuned to bloomberg television. coming up, dave ratner be joining "balance of power" on bloomberg television and radio. if you live in london, check me out on bloomberg radio the cable show. it

thank you to qualcomm for making this event possible. for my newsletter or to seek kim's work, visit axios.com/ >> now, live to london for british prime minister's question time. each week the house of commons is in session, we bring you prime minister boris johnson taking questions from members of the house of commons live wednesday mornings here on c-span2. now live to the floor of the british house of commons. >> before we move to prime minister's questions, i'd like to inform the house that it's been just over 60 years since the first ever pm cruise which took place on the 18th of july, 1961. on that day the speaker at the time was harry milton foster who was the last speaker to die at post s so i hope not to -- [laughter] the prime minister, harold mcmillan, wassing willing to try this experiment for the remainder of the session. if that be the wish of the house that after 60 years, 12 prime ministers, pm cruise has become one of the most high profile events of the parliamentary -- i think we can say that the experiment has been a s

intel signed up qualcomm as a customer along with amazon. >>> tesla topping expectations with the seconde company reporting more than $1 billion in income for the first time the company's investment in bitcoin with a $23 million impairment dragging on the operating income let's dive into the results with tim at granite advisers. >> thanks for having me. >> we will dig into the tesla results. let's talk about the results and news from the call elon musk will step back from the earnings calls in the future unless he has big news we saw great numbers, but we are seeing something else that is a driving force for tesla. elon musk taking a step back how will that impact the stock going forward? >> it is interesting when we see a founder step back, we see more robust data. elon is a wild card and created volatility in the stock. if you you want good long-term shareholders, creating a more stable earnings environment is a bad start. tweeting in the past has gotten him in trouble as well >> we see income increase by ten. what does that say because the growth came from sales of lower priced produc

the ceo of qualcomm yesterday there would probably a different resolve in the first half of next year. does this is a repeat of the 1970 oil prices which many people talked about. 10% of the core cpi year-over-year is running 20% -- at 20%. the other 90% is running out to percent year-over-year. that is the real story. as the 10% carrying the load for the other 90% or do you believe the 90% will converge on the 10% that has created the inflation over the last few months? you have to take a look at these prices. i don't know why the inflationistas can't see that. and equity market analyst will always look at the stock market. you have to do the same thing in the economic data. i wish powell would spend more time on it. tom: i strongly agree with that. carl riccadonna agrees with you as well. he has a bloomberg note -- he has a brilliant note saying 85% of inflation is basically stable. why do jerome powell not bring up the trimming of dallas, the good mass of atlanta, and as you invented from market economics, the brilliant work of the cleveland fed? where was he on that? david: look,

qualcomm delivered a bullish quarterly forecast helped by the growth of 5g and consumer demand for newices. the chipmaker forecast earnings-per-share well above estimates. supply constraints are expected to ease by the end of the year. facebook beat second-quarter sales in profit estimates but warned of headwinds in ad revenue. growth could stall as pandemic field advertising gains its stride. ad sales will be hit by apple's new rules, which will require user consent to track data. david: in the asia-pacific, rio tinto out with results. they hit a record high, missing estimates. we are looking at the names and japan, we were talking about the olympics and what has happened has boosted an unusual group of stocks over the last week. park 24 essentially runs parking lots around japan and some of its employees were also part of the judo team and they won gold. i think that is why they were going long on the stock. yvonne: that is amazing. you have to do so much due diligence to find olympics related stocks. shout out to my girl getting into the in business, it's never just another day. it'

let's look at qualcomm.pany saying it is also dealing with supply chain issues and is managing to diversify away from just the smartphones. this is a company that has really risen and fallen based on the smartphone cycle. it said it has managed to move into consumer electronics. investors seem to like what they hear. they did not like what they heard from facebook yesterday. that company saying it is not going to last. it cited regulatory headwinds and new restrictions by apple on its platform to restrict how data is collected. those shares down 3.5%. those were out of the big stories over the last 12 hours. in about eight hours, we are going to get amazon, the fourth largest company in the world, knocking on the door of a $2 trillion market cap. stay tuned for that later tonight. tom: thank you so much. the movers with romaine bostick. is harry kane a mover? jonathan: i don't know yet. i think that would be the big signing of the transfer window for the spurs they hold onto him. just to reiterate, tom and i

have a pandemic that's involving cleanliness, you want bath and body works i have to tell you that qualcommosition i'm not worried about the tiff, i think it's solved. newel brands, remember when that was headed down, down, down, that's over. >> they changed ceos. >> martin franklin is no longer involved bought his company >> can i go back to charlie scharf >> you're jumping all over the place here. >> i'm trying to cover every single company in the s&p 500. >> now we're looking at semiconductors just try to keep up a little bit here. >> now let's go back to wells fargo. go ahead. >> i think that wells fargo has gone from being the most hated to being the most amorous. >> really? >> yeahment. >> why >> because everyone knows in the end charlie scharf gets his man. first time i saw him he basically called me an idiot the second time he called me an idiot. the third time my wife was there. >> when i met charlie, he couldn't have been nicer said i'm one of the smartest guys he knows. in really? >> that's not true >> for a second there. >> we did have a good time >> i love him. he's not a huge

. >> i'll be handling microsoft and qualcomm this week microsoft really curious about those overall enterpriseends by geography, as well as cloud capital expenditures that has implications for a lot of names in the sector and qualtime we've got a new ceo. he's been there for a long time. we'll see how smartphones and the overall chip market, if they can continue to outpace the supply issues. >> i'll be looking at alphabet and amazon, covering those names closely. carl, the fundamentals, i heard a few analysts talking about it. the fundamentals are strong when you think about the so-called fourth industrial revolution bethe big tech giants at the forefront with that amazon headline if tends up being true or not but looking into crypto, they're at least looking into it that will be interesting if they mention anything else. >> jpmorgan says the peak in uk cases may be behind us speaking of which the judge has timely let's get to "the half." >> i'm scott wapner. front and center, what might be the biggest, most important week of the summer as the fed meets and mega tech companies begin reporting

. >> i prefer qualcomm on value and a taiwan semi with a breakout in the stock near-term. >> it's interesting that zach gelsinger had every excuse to not give much guidance and he kicked it off when he laid out the outlook for the chip giant in terms of what he spent on what and here he is giving more guidance that he ends up disappointing when he said things are fluid, still. >> yeah, i guess i don't know if he felt he had the ability to do that i would try to do and, and i think people are in guidance anyway, and it was -- e, had, and i don't know if you should be re-rated at all given that there's so much -- i don't know, acceleration even though it's priced significantly higher. >> coming up, energy losing its heart, but the bottom may be in for the beaten down space. he will explain, but blackstone breakout and what sent the stock surging in the back of the earnings rulests we're digging into those details. much more "fast" right after this this is franc lefranco, the owner of lefranco construction. specializing in projects like this. and this and this. everything was business as usual,

how about qualcomm when you buy an iphone, you also sign up for subscription services they may grant my wish and break out the lifetime value hey, they did it to service members. when it comes to blackberry season, don't get up on the individual trees instead, focus on the state of the consumer americans are in fabulous financial shape right now, which means we will spend a lot of money when we climb out of our covid foxholes so prepare your portfolio accordingly. we need to take some questions why don't we -- let's start with mark in florida. mark >> caller: hi, jim i hope you're well. >> oh, thank you, mark that's the best i've done so far. what's going on? >> caller: when i saw your conversation with the ceo of roblox, it sounded like a great situation, so i bought them. then it was sued for using music without permission and came to an agreement with bmg. the active users are up year over year, but roblox continue to drop and now benchmark issued a recommendation -- >> that's because the numbers for last month weren't that good i was quite frankly disappointed i think roblox is a

in the economic cycle i'm not saying, by the way, give up on growth scott, you know i own apple, qualcomm and microsoft and happy with them, but 23if you think ti is time to go overweight growth, i tell you, i don't think that's the right call. >> jenny >> europe hasn't opened yet, scott. >> scott, i'm going to play -- >> hold on >> hold on jenny first. >> i'm jumping out of my skin to say this read an interesting article this morning talking about a strategist at morgan stanley she's advising clients, really well phrased advising clients to neutralize extreme style bias i think that means, joe and jim need to meet -- jim's already half way there we need to meet half way saying, it's not all value it's not all growth. it's somewhere in the middle maybe a stock picker's market. look at toyota motors, for example, 9%, 10% ahead of it trading. and trading apple. trade ahead of it. have growth. take your pick one's a growth pick, one's a value stock. we need to acknowledge the market is differ than last year. last year all about extremities. extreme stories, extreme styles and sectors. we're