this is boosting qualcomm up 3.5%.loomberg has reported that apple has been working on its own in-house modem. in 24 hours, they will unveil the iphone 15. the expectation was that will be the last one to use the qualcomm moto but that is not the case. let's bring in our guests. what are the terms of the agreement as we understand it? >> they did not give the precise details. they said it is the same as the agreement we have in place and in terms of timing, that is out until the 2026 model. basically the same deal they signed in 2019, except it is going three years longer than it was supposed to. ed: what is it that qualcomm makes for smartphones and apple? >> mrs. the modem, the chip that takes the cellular radio signal in terms of--turns it into data and a voice, it is a crucial component that determines how well your phone works. ed: let's bring you into the conversation. have reported that apple was developing its own modem in-house. the story seems to be that apple is not as far along as they had expected. >> they

qualcomm and apple have been fighting for years. and then in 2019 apple bought intel's modem chip business. so that it could create its own chips. and you would think at this point in 2019 to 2023 it would be up to par. but it hasn't been up to par. >> the apple production, the modem chips. >> with its core processors that's a different story. apple's done very well. which is why they put those core processors into the macs and they pushed out intel when it comes to the actual computers. >> steve, you want to jump in here, explain this to me? >> exactly. the timing of this is just perfect for qualcomm and not so great for apple. it's proving 24 hours before we see these new iphones you have qualcomm effectively coming out and saying hey, tomorrow's iphone 15, that's going to be powered by qualcomm technology, and not just that. the 16, 17, and 18 iphones are also going to be covered by that technology too. and it just proves that this is a harder business than maybe even apple thought it was going to be. we were talking all day abou

but what timing, though, for qualcomm. a day before apple's iphone event tomorrow which could mean great publicity for qualcomm since these -- talk about the iphones and now the iphones 15 that will have the qualcomm chip and now you can see shares, though, of qualcomm up almost 4% but still off the earlier highs when we saw it 8% in premarket trading. >> thank you, christina. >> want to get to you because you own qualcomm here. is this a surprise? >> it is a surprise. >> great news for them. >> there's analysts today who said no we saw this coming. that's fine. it surprised me. good piece of news. the stock is up. the stock has been disappointing. anybody in the stock knows that. at least in part because this is a very toxic relationship between apple and qualcomm and has been for many years. kristina referenced the lawsuit. your biggest customer sues you. however maybe possibly there is some smoothing of the edges in that relationship. maybe just possibly. three years is a long time for the extension of the contract and

we also saw qualcomm gaining ground. apple extended the deal with the chipmaker. we are watching apple itself because we are expecting those products coming out on tuesday. charter communications, jumping after reaching an agreement with walt disney on ending up like out of espn. we are watching oracle, under pressure given they reported cloud sales growth but slowed -- that slowed in the quarter. >> certainly a bit of that optimism around those tech stocks in particular, looking to boost the asian session. we've got futures mostly pointing to the upside. new zealand, a little bit weaker. we are watching that story and japan. yesterday we were about the moves in the japanese yen. there could be a case building to end negative rates, possibly putting yield curve control in focus. we still got the topix looking for a further jump ahead of the open and tokyo a couple of hours from now. we are also watching not just intervention warnings or the risk of it from the boj, yesterday we also had chinese policymakers as well indicating they were unhappy with the weakness th

we don't need qualcomm anymore. it sent qualcomm shares plunging and here we are again.ds again. how do we get here? >> essentially the reason for this is apple is not really stuck to the timeline it was hoping for to make sure all of its chips are being developed in-house. apple has been trying for a long time to make sure they can essentially develop these chips, this critical part of the supply of apple's technology. they brought people over from qualcomm to invest in this for apple including an x qualcomm executive now heading up this effort but apple, it seems i you're not doing it in the timeline they wanted. this iphone that was supposed to be launched today was supposed to be the last one with the qualcomm chip in it but now they've extended it in the agreement says for 20242025 and that does not mean that the apple timeline is for their own ships is all the way up until 2026. this means that apple is giving itself a buffer so that it still has the supply of the chips it needs from qualcomm while still very much focused on developing them in-house. this is a big

maybe it's qualcomm that can make these modem chips ndrf chips and qualcomm is incredibly good at doing, with this extended clutch that apple has, frankly, apple people will get access to the best modems in the world because qualcomm, to their credit, as always had the highest performing motor. i think that's good for apple people and it's good for qualcomm. to the wall waypoint. here's the issue with that. yes, they've created this phone that is supposedly using a seven nanometer chip. folks in the know, following the industry as i do and work for these companies, that's been possible for them to do for a while. it's not a shock that they were able to do it. the bigger question is what kind of quantity can they actually manufacture? over the years a lot of tech industries, what we have seen as a company can create an amazing product can only make a few of them. so the question is, can huawei really produce a large quantity of them? yields on that trip are probably very low, which means the prices are very high and that's not a sustainable business. to me, i don't think the mid 60 thing

let's take a look at the qualcomm side.hould say the apple side in terms of what it is implying. the complexity of being able to bring this technology and design in house. >> developing a 5g modem chip is a complex process. you need a working solution across globally across different regions, different spectrums, different bands of 3g, 4g, 5g. you have to qualify them across service providers across different jurisdictions. this is one step to having a working solution. apple needs to have a solution that at least matches qualcomm in performance if not better. it would not be ideal for apple to have their flagship iphone shipping with a subpar chip while other funds are shipping with a better qualcomm solution. there are multiple herders when it -- multiple hurdles. haidi:haidi: what is the impact on qualcomm revenues and estimates? >> the estimate of 5 billion to 7 billion to topline sales coming fiscal 25. this is when analysts are assuming apple would have its own solution and drop qualcomm. that is a significant additio

stuart: you have to wait for a couple of years, qualcomm comes in and comes into 2026.i believe that stock is up, actually dead flat the outgoing ceo has made a bold move. >> he is daniel saying he quit the cloud business less than three months after he said he wanted to focus on the unit. it would be obviously what are the six businesses that has spun off from ali baba is the second biggest after e-commerce. this is the guy, the mastermind behind singles day, 1111. he is pretty powerful now he is out and what happens to the spinoff of all the six companies. stuart: i would've expected the stock to go down but it's ever so slightly higher if you get out of the cloud business in the top guy gets out of cloud normally the stock would go down but not today. >> what does that say about discord at the top of the company. stuart: that we have hostess brands, they are the twinkie people and they consider the sale did have a buyer. lauren: just peanut butter, $5.6 billion. they will pay shareholders 35. 25 at the 54% premium hostess stock is up 90% as i speak maybe there will b

qualcomm gets to say not only is iphone 15 powered by qualcomm mow democrats it will be the 16, 17 and 18 over the next couple of years. so, i don't expect them to talk about that. they like -- apple likes talking about its own silicon and, yeah, it's very clear after what we heard from qualcomm yesterday, they're not able to translate that success quite yet, what they've seen in the processor side to these mow dedems they r on qualcomm for. >> we'll talk about that. steve in cupertino. we haven't talked about the china issue, which was the only topic of discussion last week. >> right. the concern was reports about chinese government banning government use of apple iphones. and then the possibility, and, again, nothing confirmed here, that would expand beyond that in terms of a ban. we know china's very dependent on growth from china for its revenues. that consumer business has been strong. for china. >> were you struck by rubenstein's comments a moment ago about chinese economy holding? >> not really. because they do a lot of business in china and have investments in china. it was int

i want to start with the apple qualcomm bank. shouldn't that be bad apple?s kind of certainty for apple as well. apple had been working on its own modem, and that is the chipset which connects an iphone or any smartphone to 5g networks. it's interesting timing because tomorrow is the apple event, and what we were expecting is the iphone 15 generation that is being announced tomorrow would be the last to rely on a qualcomm modem. that is clearly not the case. the terms of this deal are for qualcomm's modem to connect to wireless networks to go through 24, 25, and 26 generations of iphone. clearly this is good for them. i guess we are treading water. >> the three year deal, good news for qualcomm. have others estimated -- underestimate the potential upside from tesla? this is of course around morgan stanley. >> morgan stanley, the latest pieces for morgan stanley is that the long-term benefits of their work in proprietary silicone and compute dojo could add $500 billion to the market cap. i say the latest because adam jonas has talked of the software potential

qualcomm shares are up by about 5.6%. giant alibaba falling on the surprise news that the outgoing ceo will also be stepping down as the chairman and ceo of the company's cloud business. the stock has recovered somewhat from the lows of the session. june's announcement that he would leave his post was also seen as a surprise. the stock actually right now down by less than 1%. >>> president biden departing asia following the g20 summit and a visit to vietnam. president said the u.s. and vietnam were deepening ties in cloud computing and a.i., and the white house unveiled a nearly $8 billion deal for vietnam airlines to buy 50 boeing jets, and speaking about his time in india, the president said he met with president xi jinping's number two, but she was notably absent from the gathering. joining us to talk about the china-u.s. relationship, deputy treasury secretary wally adeyemo. secretary, good to see you. >> good to be back. >> we should never be surprised that things were not expected, but 3% gdp for the near future, fi

so you know, it's hard for me because i do like qualcomm and i own qualcomm as well, but the problemchart patterns, these are breaking down. it's one thing when you have a short term pattern that's breaking down and intermediate strife, but the long term patterns on qualcomm on the monthly and weekly charts you can see you have broken your upside trend. specifically on this stock, if it breaks through about $100 a share, i think it will flush pretty quickly down into $85 to $90. i'm eyeing this one very carefully and if it breaks through $100, that is my bail point. >> i'm going to ask you about another bail. it kind of has something to do with what we have been talking about. starbucks is another name that has china exposure. i wanted to throw out, it's one you're watching also to the downside, isn't it? >> yes, that's correct. so when it comes to starbucks, you know, it has seen companies in this space that have started to roll over. and you know, some of them are very strong companies, like hershey's frahm is rolling and mcdonald's is rolling. starbucks in particular has had a var

qualcomm landing a sweet deal with apple for the next few years. a chip check and the latest curveball being thrown at apple in china. you're watching "fast money," live from the nasdaq market site in times square. wee ckig aerhi'rba rhtft ts. with comcast business... it is. is it possible to use predictive monitoring to address operations issues? we can help with that. can we provide health care virtually anywhere? we can help with that, too. is it possible to survey foot traffic across all of our locations? yeah! absolutely. with the advanced connectivity and intelligence of global secure networking from comcast business. it's not just possible. it's happening. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay.

in other news in the headlines 7 qualcomm says it had signed a deal with apple to supply 56 chips until a time when the iphone maker faces increased challenges in china and looks to reinforce its supply chains elsewhere. the deal extends a relationship worth billions of dollars to the us chip maker for at least three years beyond what was expected. they previously signed a chip supply deal with apple in 2019 qualcomm shares were up 4% in early afternoon trade. you can find much more on the business stories on the bbc news website, that's it for this edition of asia business report, stay tuned and thank you so much for watching. bbc news, bringing you different stories from across the uk. shutter clicks. it was the picture of a lifetime — a creature once classed as extinct in england, hunting rabbits at the end of yorkshire's spurn peninsula. it was amazing. it was... there's a lot of emotions all at once. there's the beauty of seeing the animal. there's the, sort of, terror of knowing that you've found something rare. and if you don't get a photograph, nobody will believe you. disbelief

. >>> we're also getting shares of qualcomm up ahead of the open.hip company saying it will supply apple smartphones through 2026. >>> let's begin with jim in san francisco. as we said, dreaming up for -- gearing up for dreamforce. jim, going to be a busy week. >> what's really crazy is that there's adam jonas just stealing the whole show. there's conferences in washington, there's conferences in san francisco, and he makes it so it's about tesla. all i can tell you is that out here, it's just -- dreamforce is the aai force. david, you know this from when you were with musk. if you don't talk about a.i., you sound like you're clueless. if you do talk about it, you better start having something to back it up. adobe's got it. oracle tonight. but there's a lot of just a.i. chatter that i think is just chatter, david. >> right. and that is a key question for investors. we brought it up many times because every company's happy to mention a.i. as much as possible in part to try to get a multiple expansion, whether deserved or not, but to your point, we're

qualcomm is feeling this -- is feeling the pain.lse -- splc, qualcomm getting 20% of its revenue from apple. t-mobile, actually giving money back. dividends will be buying back shares and that is always music to an investor's ear. and then some saying the iphone 15 will help the likes of t-mobile. ed: not doing much to put green on the screen. let us get back to the top story, china planning to expand a ban on the use of iphones for government backed agencies and state companies according to bloomberg sources. that is happened in apple's biggest individual foreign market. apple and the relevant chinese agencies did not respond to request for comment. joining us now, kailey leinz. quickly this is becoming a tit-for-tat. 24 hours ago the report on some government agencies, bloomberg reporting more and it follows the gina raimondo trip to china. kailey: the commerce secretary made a trip to beijing. she followed eckert terry janet yellen, the secretary of state antony blinken and john kerry. all in an effort to shore up the relationshi

definitely moving the nasdaq 100 and the news comes out that apple will continue to use qualcomm 5g motives through 2026 these two companies don't exactly love each other but clearly apple could not come up with any kind of invitation of the 5g modem that qualcomm has you have that stock job before present a big move. does it take individual stocks to move this market or do you see outperformance in a sector or two going forward? >> i think much like any this was a dead cat bounce and those names are the mega cap names in any positive news that were getting out of the day this is the day to get the momentum get the bounces. but i don't see this beautiful trend is because we have so much overhead with the broader markets down and while we might have some good news and good days here in their i think we need to be really aware of what's going to happen with the cpi and ppi reports, i think china is another big issue that the consumers really have to face how well and quickly other going to get through their economic struggles and how much that is going to weigh on global growth and po

qualcomm down. 23% of the revenue and then broad down 3%. we have looked at the apple chart.er pretty, there's not a lot of things i like in this chart, i typically like a chart, but will you're looking at here into apple earnings, this converging uptrend. they were less confident on those earnings, the forecast now it seems the conversation you are having that some of this is getting caught in the crossfire. some of that convergence might've been people knowing that's can i happen. in any case it looks like around 163. back down towards overbought. guy: absolutely fascinating. what are we watching for the rest of the day. president biden is off to the g20, i think he stopping for tete-a-tete. nfl season kicking off. i know you're excited about this. this is a big thing. alix: because the defending super bowl champions are going to host the detroit lions tonight. last year's opening game drew about 20 million viewers. this is my favorite tweet. kansas city chiefs tweet can't sleep, we play real football today. an underhanded slam to your football. guy: may be. i do think the

two names to look at this morning, apple, qualcomm.get modem semiconductors from qualcomm for three more years. it will cover smartphone launches in 24, 25, and 26. there was the potential of the iphone coming out this week would be one of the last two rely on the qualcomm modem chip. that stock is up in the premarket by 8%. apple a little bit higher after a tough week last week. going into that lawn for the iphone 15. tom: what do i know about modems? jonathan: more than me. tom: all i know is yet to put in a different code. jonathan: you are more up to speed than that. tom: i always go to the chips. joining us now, mandeep singh, senior apple analyst for bloomberg intelligence. also surveillance tennis expert. let's digress from the script here. that was one hell of a final men's match. mandeep: the second set was epic. jonathan: it felt like he was faltering. i have seen this a million times with novak. tom: you think he is faking? jonathan: he was looking old and then got young again in the second set. mandeep: the fatigue didn't l

even in 2026 qualcomm says it will provide 20% of apples chips.ot 100%, raising concerns about exclusivity. >> got you. maybe a reprieve for qualcomm, but not fully in the clear. thank you very much. tomorrow apple will hold its most important launch event of the year. it is expected to unveil the new iphone 15 and apple watch models. joining me now to discuss is tim . what do you expect of the product launches and how much will this move the needle? one of the storylines have been how the upgrade cycle has been smoothed out over time. what do you expect from this generation? >> thanks for having me. in general we are looking at this cycle that we will hear about tomorrow. we think there will be some iterations around design, the usual battery, camera, processor and things like that should get better. i think a lot of the discussion will come around two things. one, pricing. we do think given some of the new technology and inflation that we will see increased pricing. second will be availability. number one is weakening demand, by number two we pi

i think qualcomm has been a great example of that in their china relationship. our relationship has respective intellectual property. all of our chinese companies are paying for 4g and 5g licenses. it has the ability to provide growth for every country. >>> now on to arm, the company plans to price shares between $47 and $51 in its long awaited ipo later this month. the chip designer says customers including apple, nvidia, and samsung have expressed interest in shares ahead of the listing, which is set to be the biggest this year. tsmc was also named the biggest chipmaker. wellesley picker has the story. >> arm is hitting the road to investors which is likely to be the largest in years. softbank is selling all 96 million shares in the offering and is ask for as much as $51 each. that implies an offering size of about $5 billion of which 15% is already claimed by arm's large tell companies. think nvidia, apple, and google which have indicated a price. it includes fully diluted amount. that's below the $64 billion that arm was reportedly valued last month when the

qualcomm.ower the infotainment systems in bmw and mercedes. so this is qualcomm pivoting away are if smartphones. its chips are in every apple iphone, including the new one, to the auto sector. hawrt. stuart: back in the day, there were qualcomm shareholders who saw their stock go up, like, $200 in a day. brady corporation -- wait a second, that's an identity and workplace safety corporation. lauren: good job. 11.5% up, stronger earnings, better forecast. if there you have it. stuart: thanks, lauren. one economist says it's pointless to to poll republicans about biden's economy. watch this. >> a big part of that is is this enormous par san gap. it's -- partisan gap. it's almost pointless asking republicans how they feel about the economy. only 7 of them were willing to -- 7 percent were willing to admit the economied had gotten better. so when we ask these questions, people are not telling us how they feel about the economy, really heir telling us how they peel about the president. stuart: i ne

qualcomm the largest exposure over 7%. speaking of china, several chinese tech names are also lower, like pdd holdings, alibaba, baidu, pick your reason. baidu, tencent and alibaba have ordered roughly $5 million worth of nvidia chips. and investors are wondering if those orders are going to be at risk. nvidia shares down again today, almost 2% on track to break a three-week win streak. scott? >> kristina, thank you. >>> we're just getting started. up next, apple shares slumping, stock down 7% in the past two sessions. so where does it bottom out? we'll ask star analyst dan ives, he's here at post nine with his take. (sirens) [due at target in 5!] copy that. make a hard left down the alley. network's got you covered. [please confirm requesting back-up.] -changing route. -go. roadblock ahead. ...back up, back up... reverse! reverse! next level moments, we're 30 seconds out. need the next level network. [north corridor, hurry!] -coming through! -or 3, let's go. the network more businesses choose. transplant received. at&t bu

staying with semi, qualcomm shares are jumper more than 4% after apple renewed a deal for modems. apple was using its intomorrowly developed modem and risks are growing for apple, tensions with china, emergence of ai and weak consumer demand for devices. joining me now is laura martin, senior internet and analyst at needham and steve kovac is with us, as well. welcome to you both. laura, it doesn't seem like this -- i don't know, the apple shares aren't moving up on this. the larger questions are still probably just china and demand. >> agreed 100%. it looks like maybe biden is trying to thaw relationships with china. that's best for apple and disney who have big operations in china. each of them are about 20% of their revenue on apple's side and 20% of theme park revenue for disney. so it would be really great if we didn't go to war figuratively or literally with china. >> it's interesting you say that because obviously the president has been in vietnam. he was just in india. lately he's been corralling allies like korea and japan to form this. it looks like unfortunately, the u.

google and qualcomm are backing this as a standard.f this continues to grow and continues to get backing from major players and this is a viable challenge and a.r.m. warned of this which is another thing to look at as well. rising competition and whether the a.i. hype materializes and as you heard from richard windsor, it is china with the risk. >> we heard that before. arjun, thank you for breaking it down and taking us through the twists of the ipo. let's welcome our next guest. jamie says a.r.m. is returning to the market. jamie, thank you for being with us this morning. i'm curious your take on how compelling the play a.r.m. is within the a.i. space. is it going to follow nvidia's lead and become a second poster child for a.i.? >> thanks for having me. i think it is interesting. there are two things to highlight. growth in the near term for a.r.m. is not about a.i. it is mobile and royalty rate increases. in the longer term, i think a.r.m. is trying to focus investors' minds around the potential of the things arjun spoke about. at

iqualcomm says it had signed a deal with apple to supply 56 qualcomm says it had signed a deal with apple6. this announcement comes at a time when the iphone maker faces increased challenges in china and looks to reinforce its supply chains elsewhere. the deal extends a relationship worth billions of dollars to the us chip maker for at least three years beyond what was expected. they previously signed a chip supply deal with apple in 2019 after the two sides titled a protracted legal battle. malaysia's prime minister has announced the country will develop a policy to ban exports of rare earth raw materials to avoid exploitation and loss of resources, making it the latest country to restrict shipments of key minerals. the south east asian country is home to just a fraction of the world's rare earth reserves, with an estimated 30,000 metric tonnes. that's it, then, on this edition of asia business report. you can always find more on the bbc news website. stay with us and thanks for watching. bbc news — bringing you different stories from across the uk. a brand—new vending machine at school,

qualcomm has been sinking 7% in the trade. u.s.hip makers are facing a double threat with the mate 60 pro by hua wwei. qualcomm provides 4g technology, but none of the tech is included in the new phone. looking at the apple share price over the last two days, joumanna, it feel there is are two drivers here. we have the reported ban on the iphones for state officials in china and the story you flagged this week. huawei's phone sold out within hours and getting attention on social media. it is confounded industry experts. how could they develop such an advanced phone with advanced chip technology without these key u.s. parts that have been included in the sanctions? >> i think the other thing about this is we spent a lot of time talking about the economic slowdown we are experiencing in china and trying to analyze the property sector and democgraphi issues. that is one part of the picture. the other is the geopolitical tension. the fact the chinese have come back and i guess from what we understand, introducing some form of ban. whet

it manufactures chips for companies from apple all the way through to nvidia and qualcomm, and a lotf these companies, particularly apple, qualcomm, and others, base a hot f o their chips on arm architecture. tsmc has some here. we have heard there are other big names interested in investing in the likes of nvidia, google, media tech amongst other names as well. it's interesting they want some skin in the game. clearly there is a lot of demand there as you mentioned. arm looking to price this potentially at the top of the range of $51 per share later today. now, only 10% of shares outstanding are being floated by sof softbank. this has driven a lot of demand to players like institutional investors. it's created a lot of high demand and hype and there are questions over the valuation of this company as well. is it too high given the fact that this is a company that's shown slowing growth in recent quarters and is playing in the smartphone market that's stagnating, slowing down as well. more than 50% of its revenues come from smartphones an consumer electronics which is facing a number

qualcomm got hit hard. this is more evidence the market is anticipating perhaps more crackdowns from china, or at least a ripple effect. the one outlier was intel. intel could perhaps be a hedging strategy for traders who don't want to be caught up in this whole mess because intel has other businesses. annabelle: u.s.-china tensions in focus but also policy divergence that is really playing out in the currency space. offshore yuan dropping to a 16 year low against the dollar. it's pessimism towards china's economy and financial markets laying into it. you can see in the other panel we are very close to the weak end for the currency. even as we know beijing has sought to boost the currency by asking banks to sell dollars while tightening liquidity offshore to squeeze short bets. the daily reference rate has been playing into it, that is those lines in orange showing a stronger-than-expected fix for 54 straight days, the longest streak since bloomberg started a survey of estimates in 2018. it puts those moves

now the american qualcomm believes analysts may lose up to 60 million chinese orders for chipsets nextear, and this is $ 11 billion in revenue and this is also a blow for washington, although the head of the american mentor raymond, after a visit to beijing, said refusing to supply china with heavy-duty semiconductors . the united states expects to stifle china's military potential , adding that american business also demands it. american business, according to raymond , was very surprised. i know that leadership in our the industry is increasingly shifting to china , we think this is a very good sign china is very important for our industry. this is a huge part of our supply chain supply chain that exists in china, but it is also a very large customer base for us. but the us authorities have already decided to accelerate the already announced, but not yet fully implemented, new restrictions for china and permanently ban semiconductor equipment manufacturers from netherlands its deliveries to china already now they are first next year without waiting beijing is creating another backdro

i'm not saying qualcomm, i'm saying any company.air enough. at this moment no dip buy, no noticeable dip buying in apple despite its huge selloff. we'll follow that all day. next one is disney, are they still at -- yeah, just at $80, that's a 10-year low. lauren: this is down 7 days in a a row. the may 20 the 14 low is 79.83, we got there yesterday. do you remember at the height of the pandemic disney was at $20 the 1? stuart: yes, i do. lauren: i mean, who has more to lose in this cable standoff with charter communication and spectrum? charter pays them over $2 billion a year in fees for their content. that's 8% of disney's overall revenue in that tv segment. so disney is using those profits from the cable company to fund their streaming that they lose subscribers and have to out put all that money into content and getting more people to sign up. is someone's got to cave here, right in i'd imagine. is the model that that we're used to changing where, you know, disney can muscling the cash cow, which is -- milk the cash cow, which i

qualcomm, i me they're partnering with some car companies. the stock justic thed up.ey're powering the luxury car makers with the a.i. chips for voice control, for the display, driver assistance. but qualcomm, basically their mow modems are in every single apple iphone, so they're show arely pivoting away from smartphones because demand is seen as sluggish and going into the auto sector. that pivot because that's where they see demand for a.i. being more prevalent. that's a pivot. stuart: i can understand that entirely. disney, they're having a tough start. lauren: look, the latest news is wells fargo cut their price target to much higher than it is now, 110 from 146. but wells fargo is worried about a lackluster box office. disneys has that had very few hits. disney+ subscriber numbers going down and the cost going up, and this is the latest, the dispute with charter and 15 million households, spectrum customers have a blackout of espn if ahead of college football, during the u.s. open and other stations. so now you have disney saying to these spectrum holders, well,

qualcomm down 7%. taiwan semi down more than 2%. is this just giving us a taste how big the impact of a china crackdown could be, and what other companies could face the wrath of beijing next? we have been saying this again and again, it is just up to china to decide how big the restrictions will be. >> and i think we have to be careful not to overstate what has happened here. >> too late. >> well, you're right. this is what happens in financial media. but the fact that you can't use your iphone at work doesn't mean you can't go out and buy an iphone and we're banning the company, and tim cook of all the major ceos and the biggest company in the world, has done a fantastic tight rope act here in trying to balance -- there's social issues, dynamics around the economics, there's fox kon, there's everything. i think this is important. i think it's important, because, in fact, it does look like china is responding and fighting back. i think what is more important to this news cycle is that it's quince dent with the release of a very imp

this morning, qualcomm stock is up about 3% on that news.g change that is anticipated tomorrow is apple's switch to the usb-c charging ports. that follows european union regulations that require a charging standard to make it easier on consumers and reduce e-waste. i'm pam cook. let's look at your dollars and cents. all right, pam, thank you. in today's monday morning, quarterback, the san francisco 49 ers celebrating a great start to the new season. the niners defeated the steelers. the steelers 32 seven in pittsburgh yesterday. christian mccaffrey rushed for 172 yards, including a thrilling 65 yard run in the first drive of the second half. quarterback brock purdy threw for 220 yards to touchdowns to brandon aiyuk. the defense had five sacks and two interceptions. now former 49ers quarterback jimmy garoppolo had a successful debut for his new team, the las vegas raiders. he threw two touchdown passes to fellow newcomer jakobi meyers. the raiders defeated the denver broncos 17 to 16. garoppolo said it felt great to leave the silver and blac

battery, speakers, display, even the port for charging; moreover, it uses an industrial version of the qualcommded life cycle. this is obviously an attack on the leading companies samsung xiaomi and especially apple, which by all means encourage the frequent change of smartphones. and some are also cheaper to repair. they are prohibited and the feeling suffers in the wallets of users. well, the environment is now both saved, amazing news from berlin samsung will allow you to control your smart home devices from the l application and this will be mutual. to start the process integration of interfaces of sworn competitors will affect refrigerators, washing machines , dishwashers and other smart household appliances by the end of the year, the update will be rolled out in the eight largest markets, the initial setup will require a proprietary application. but then it will be possible to use one program for everything and not only korean. all this is part of the large home collective alliance, which includes 15 large companies in addition to lg and samsung, for example. gosha electrolux hair and ba

this it's like qualcomm. >> we shop, you save and anyone choose to make a difference. >> you can help succeed, rebuild after disasters, protect environment or feed the hungry. not only will you make a difference for others, but for yourself. you can earn money for college. learn skills and make friendships that last a lifetime. make a difference. choose your future. choose americorps. >> goals to fix the migrant crisis both sides of the aisle i think you will do. >> i can be the winds of change . >> c you ever dream? >> suffice to say, s our politicians are too old.ny but don't count on any ofric le our geriatric leaderads. >> step aside anytime soon. president biden wants to be presidin office until he's 86, despite a bombshell book bo joe privately admits to ai to aides that he is tiredsd and, keeps his schedule clear before 10 a.m.. we.m. learned that 90-year-old senator diane feinstein has reportedly given power of h attorney to her daughter after a series of hospitalizations af and this week, senate minority leader mitch mcconnell appears nded to freeze for an extended period of

>> qualcomm is a great partner. back to the foundational aspect of what we do, jus there. more open source? >> yeah, exactly. they seem to think they have a value opportunity to increase price. price becomes an important component for overall growth for the company. there is that question if tht p price competitor in some way that might drive some customers to it. >> fascinating to listen to masa and griffin together talking about the opportd line. >> yeah. as he's been for a very long time, very positive on the prospects of what a.i. will mean for society, i can remember our interview from march of 2019 when he talks similarly about, remember, we'll all be sitting back getting fanned. getting fed grapes. you know, we'll see if that's the case. fortunately for investors in vision fund, of course, in part, he did not take vaadntage of that viewpoint. the entire interview will be available online. we'll let you know. "squawk on the street" continues right after this. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you d

google is thinking of dropping qualcomm.gle will set out a gold to move away from broadcom after the cost of its type. in the last few minutes google issued a statement saying it sees no change in its relationship with broadcom. nvidia is betting on india becoming a key country for ai. caroline: this week we have had so much, google and others in a great ai offerings. the company will start rolling out its ai assistants and it will be widely available. we will be bringing in now, the managing director. how will they be able to integrate technology that quickly into its own software? >> it shows us that microsoft has a timeline. we are talking 40 years until office 365 copilot comes out. microsoft is clearly moving quickly. there are two things that really come out for this for me. microsoft is integrating all of these aspects. there is an integrative ai experience across microsoft products. the second thing is, how is microsoft able to move so fast? they had a huge head start because they invested in openai back in 2019. mic

qualcomm was down. you had seagate technology maker of hard drives, they were down in video was down. and really, that just took the whole market down with it, but i think this is more of a seasonal thing. as you said, september is a bad month. it's worse than any other month is going back to 1928 is down 1.1% and i think we're just seeing the start of that right now. so meanwhile, in the energy sector is supposed to do well around memorial day ahead a head of the driving season that didn't happen so much now energy is on the surge. good news for investors. bad news for drivers. this is geopolitics as well, right? that that is energy had the best performance this week. it was up more than 1% and it was because russia and saudi arabia have decided that you know we're going to support prices by keeping production down and that center energy prices up in oil stocks with it, and this is all about really trying to put a little pressure on the united states to make sure that you know they don't act too hard.

qualcomm, nvidia. companies that make their own chips like apple are using these design. -- designs. arm has been strong in the iphone -- smartphone market, it's not growing like it used to, they are trying to expand beyond that it's a key new areas, including artificial intelligence, cloud computing, servers, where they think there is more potential. the key for them is to be able to move into that territory and benefit from it and reap the profits that they hope they can in the future. >> what does it mean for softbank broadly? >> this was one of the big bets by softbank founder masayoshi son, where he hoped that arm would be his window into growth areas like artificial intelligence, the internet of things. it has not worked out quite like that. the company has not grown as much as he anticipated, it has not been that window. he tried to sell it to nvidia before. the ipo is a bit of a backup option. he has been very involved in the operations of the company and trying to help with this expansion beyo

emphasis is always been denying -- designing chips for smart phones and technology to companies like qualcommthe pitch working, the ipo oversubscribed by ten times and bankers planning to stop taking orders as early as this afternoon. raising $54.5 billion. that serious money by any regards. ashley: just like that. $54 billion. stuart: i could do it, see. thank you very much. for the first time, apple is set to offer a made in india iphone as the company tries to shift from production in china. that will be in our 11:00 our. the governor of new mexico under fire for temporarily suspending open and concealed carry in albuquerque, the national rifle association says the governor is ignoring the constitution. at least 22 people shot over the weekend in chicago, five dead. we speak to chicago pastor polly brooks on the gun violence gripping the windy city and whatever can be done about it. and on main streets across the us, you'll find pnc bank. helping businesses both large and small, communities and the people who live and work there grow and thrive. we're proud to call these places home too. t

. >> qualcomm potentially investing in arm is huge.t depends on their chips that they design with the architecture. they want some skin in the game as it were. with a.r.m., it will be interesting. we have spoken so much about this. there is a lot of risk with this company. whether it is the china risk or the competitive risk or still relies on 50% of the licensing revenue from smart electronics and the industry which is under a pressure and slowdown. those pressures have not gone away. this comes down to softbank is giving up 10% of the company and bringing the scarcity in the demand. it is also the potential of the a.i. hype. >> joumanna said did they leave money on the table with the price range? a arjun, thank you. for more, check out his article on cnbc.com. >>> a.r.m. is not the only debut on the horizon. instacart is looking for a $9 billion price when it goes public. the grocery delivery app is expected to list this month and marketing firm klaviyo will make its debut p as well. softbank has another company in the mix. neumora w

it's very much like qualcomm, greatest invasions are behind it. it's not a growth company.what about you? >> whether it's nvidia or broadcom, you can look at amd. to me nvidia and broadcom will get you the exposure you need in the semis. and i think it's as simple as that. what's interesting about that is that everyone who is -- i don't want to use the word betting against -- but not believing and suggesting the valuation is extreme and that this is a bubble that is building in ai, look at what nvidia has done and what broadcom has done in their ability -- >> amd's lisa su was making comments i think in a conference positive not only about ai and the potential in what they're already seeing as well but in terms of pcs and that mark getting better. i think it went green on the positive comments she had. a stock that was in the red she has made positive comments. i wanted to get that out there. this happened in the last 30 minutes. >> i don't think people are looking at semis, we're seeing improvement, it's about the ai story. the point i'm trying to make, universally we're r

qualcomm and apple extend a some of dr. agreement for three years and decide that the

and the nasdaq 100 falls below the 50-day moving average as qualcomm moves over. the bloomberg dollar index looking at the longest run of increases since 2005. from new york, i'm alix steel with my cohost in london, guy johnson. welcome to "bloomberg markets". it is going to be interesting to see the aftermath of tech continuing to roll over. a, are there going to be buyers? b, do we have a risk off that then spreads? guy: systemics is the wrong word to use but i understand where you are going. is this a market event or tech event? those two things are going to be -- that is going to be an interesting distinction. alix: i like this question. guy: but the dollar story is interesting and all of this stuff is connected. everybody hates this dollar rally. i am getting note after note telling me that the dollar rally is wrong and it should not be happening and it is going to break soon. i think there is an element that feeds into the tech story. alix: yes. guy: the tech thing is interesting. is it a symbol of the fact that the market is nervous? everybody is worried ab

apple itself, the fallout is really hitting many of its suppliers, its major supplier qualcomm which slid over 7% in yesterday's trade. you can see this is not just affecting apple but really having an impact overall the supply chains in asia, europe and the u.s.. it will be a key story i think for the market to follow, especially if you are exposed to tech stocks. you need to have a call on where apple goes from here and it will be a hard call tuesday bullish to this market if apple continues these woes. jennifer: we have to see what the stock will do today of course. valerie, all week we have been talking about the fed and getting a lot of fed speak. yesterday as well. lorie logan says skipping the interest rate hike at the upcoming meeting may be appropriate but at the same time, we heard from john williams yesterday saying that it is an open question whether or not strict policy is doing enough. let's take a listen and i'll talk to after. >> right now, i think things are moving in the right direction. we have policies and a good place but we need to continue to be data-dependent