qualcomm ande apple eventually make nice and settled the dispute -- so can qualcomm and apple settle e? bitterfirst of all, is the wrong term for this dispute? filings and the accusations made by qualcomm they took the strategy of throwing everything against the wall to see what will stick, damage qualcomm, boxed them into a corner and forced them to negotiate and give us the prices that we want. .ualcomm obviously struck that it's hard not to see this as a protracted and deeply ingrained process. they are do you think too optimistic? a lot of milestones are coming up. it's one thing to throw it accusations and another to go in arguing in front of a jury and judge. now apple has got to do that. does anybody want to roll the dice and have a binding decision given to them by a court? there is a chance that coming this year. tell us about what happened at the trial, which obviously was swayed in apple's favor. great you need to take a look at where the apple devices should be blocked from u.s. markets. international trade commission staff attorneys participated in the investigation and s

can qualcomm and apple make nice? seems to thinko so but can he convince apple? that is next. this is bloomberg. ♪ s bloomberg. ♪ this isn't just any moving day.

qualcomm and apple, qualcomm says apple stole its chip secrets and gave them to intel. qualcomm and apple used to be partners but they're now embroiled in more than 70 lawsuits and counterlawsuits globally. apple used to use qualcomm designed chips and modems to connect to mobil networks but now they use intel. that is part of the rift. they use intel hardware that would be fine tuned, that is helping the performance of chips in the new iphones. melissa a bit what happened here. back to you. melissa: love it. david: oil climbed the third straight day, closing 72 bucks a barrel up 20% for the year while brent crude nearing a four-year high. the president calling out opec at the u.n. today for failing to bring down price. >> opec and opec nations are as usual ripping off the rest of the world and i don't like it, nobody should like it. we defend many of these nations for nothing and then they take advantage of us by giving us high oil prices, not good. david: i don't like it. phil flynn, do you like it? >> i don't like it at all, dave. i don't like market manipulation at a

and everything else. emily: we sat down with the qualcomm ceo, take a listen to what he had to say about this suit with applenk there's probably no better opportunity and partner for qualcomm endured with apple. it makes sense that the technology leader in mobile should be partnered with the product leader in mobile. those things tend to work out. the way we think about the business is eventually you get the disputes figured out and you move on to a different time and i'd hope to be in that according to the schedule we already laid out. emily: how do you square that with the filing today and it is? ian: what he said was sometimes these things get settled, so the basic strategy on both sides, apple is doing the same income as much pressure as you can, causing the other side to blink, then we will smile and shake hands and walk away friends. emily: what is the chance of settlement? ian: we haven't seen either side come close to blinking. emily: so what else are we waiting for? ian: the juries have to take a look at the evidence and the judges have to show which side might be winning. maybe there is an injuncti

qualcomm dickey ceo tells bloomberg his company and apple -- qualcomm's ceo tells bloomberg his companyle -- qualcomm and apple have sued each other over patent infringement and licensing fees. the world's largest food company leans to stick to its most profitable was his -- profitable businesses. theiral does not include unit that makes baby food. the billionaire founder of japan's at second largest e-commerce company will be the first paying passenger to the moon. the president will be on board a rocket built by elon musk's spacex set to blast off in 2023. no word on what he is paying. that is your bloomberg business flash. alix: would you do it, around the world -- around the moon for a week? david: i don't know. alix: worst-case scenario for me. very risk-averse. now we turn to wall street beat. 's trade war warning. the founder of alibaba says the u.s.-china trade war could last 20 years. adviser white house discusses trump's diamond spent -- diamond spat. david: joining us now is jason kelly. jack ma. he is saying let's take a longer view. what about down the road? this could be a

this is bloomberg. ♪ emily: it seems like a never-ending battle between qualcomm and apple, and yet anotherintellectual property. qualcomm is claiming apple used its software to help intel improve its own chips. it follows more than 70 suits and countersuits over patent royalties and infringements globally. apple first suit the chipmaker and now it exclusively uses intel chips in new phones. could the new accusation further hinder of future settlement? what is the latest going to mean? >> this came out about a year ago and qualcomm through it around and said there was some suspicion about what apple was up to. now it's saying we have the evidence and we want to add it to a case that is already going on. clearly it's another attempt to ratchet up the pressure on apple. emily: is the evidence compelling? ian: we don't know. the judge has to initially decide whether she's even going to allow it to be considered or if there will have to be more time for more evidence and discovery and everything else. emily: we sat down with the , take a listen to what he had to say about this suit with apple.

aga and this atom apple is accused of stealing proprietary software including mod emchip designs and giving them t intel. qualcomm said that sloued intel to develop competing chips at lor cold front. apple onced use qualcomm chips exclusively in thees iph between 2011 and 2016 but starting this year it has used only intel chips. shares of qualcomm fell 1% to 72.74. apple shares rose a fraction to 222.19. does notc maker j bell expect margins to improve until 2021. the company blamed increase in spending in order to drivero overallh. shares took a beating today, down 7% to $27.90. and food safety company neoaga said higher sales of the food borne path again testseelped verall revenue but it went enough to stop estimates. company did however deliver earnings beat. and said that two recent squikss should help strengthen the performance in the future. the shares fell 15% today to 74.69. >>> shares ofadp and paychecks saw the shares fall process. after fintech skp square said it's launching paifrl services into a mile app. square said that app will allow employees to kbor are import work hours through the app and uare

person what qualcomm does and you will likely get a blank look and yet, qualcomm has been in business headlines on was constantly over the last couple of years because of a dispute with applequalcomm's biggest customer. then, the white house killed a takeover of qualcomm. in the midst of a trade war, china effectively killed the ,akeover of another chipmaker all setting up challenges or perhaps new opportunities for qualcomm readership. joining me today is steve mollenkopf. thanks for being here. steve: happy to be here. emily: you have a few things going on. you are in lawsuits with apple. you had a failed deal this past year. what did i miss? steve: you have not miss anything. are at the we epicenter of a lot of key technology which tends to make us interesting from a partner point of view. we don't tend to do anything small. when i look at it, if anything improves under the technology -- emily: would you have taken the job if you had known of all the complex situations you would be giving with? knew: yes, it was clear we what we wanted to do next and so a lot of these things were issues that we know about and we are knocking them off the list. athink anytime you are tec

at one point in time, they used qualcomm design for chips to connect iphones to networks. now apple uses intel and part of the rift. qualcomm says apple gave it secrets to intel so that their hardware would be fine-tuned and help the performance of its chip and the new iphone. so far, qualcomm has not been successful in communicating its points in court. >> 26,000 594. the 10 year treasury is up 3.10 percent. that is not hurting the market this morning. amazon could be getting into the jewelry business. it filed a trademark for, for keeps with amazon. amazon says this will be used for online jewelry sales. amazon is up 16 bucks at $19.50. michael kors will buy versace. i call this the odd couple. i don't get it but susan, i will try to understand. supreme court nominee brett kavanaugh denying the sexual assault charges against him. bold tape. >> i'm not going to let false accusations drive us out of this process. we are looking for fair process. i can be heard defending my integrity and my lifelong record of promoting dignity and equality for women. i'm not going anywhere. >>stuart: joining us now

steve: there's probably no better opportunity and partner for qualcomm than to work with apple. ♪ emilyalcomm is a company that touches the lives of billions of people. you've been in most iphones of to this point. and a lot of people don't know what qualcomm is. does that bother you? steve: no. i think it's part of our success. our job is to make the technology available to people who purposely stay behind their brand. what we want to do is be a great partner to enable them to be successful and we don't pick favorites. emily: let's talk about apple. for long time, this is your biggest customer and now they 're your biggest nemesis. how would you describe your relationship with apple today? steve: we have a dispute over the price of ip. we think that's moving to a period of time where our strategy is unfolding in the environment is such i think you in a position where it'll get done. at the same time, i think there is probably no better opportunity and partner for qualcomm band to work with apple. it makes sense that the technology leader in mobile would be partnered with the technology

person what qualcomm does and you will likely get a blank look and yet, qualcomm has been in business headlines almost constantly over the last couple of years because of a dispute with applequalcomm's biggest customer. then, the white house killed a takeover of qualcomm by broadcom . in the midst of a trade war, china effectively killed the takeover of another chipmaker, all setting up challenges or perhaps new opportunities for qualcomm readership. joining me today is steve mollenkopf. thanks for being here. steve: happy to be here. emily: you have a few things going on. you are in the dirt lawsuits with apple around the world. you fended off a hostile takeover of your company you had , a failed deal this past year. what did i miss? steve: you have not missed anything. i would say we are at the center of a lot of key technology which tends to make us interesting from a partner point of view. we don't tend to do anything small. when i look at it, if anything proved the importance of the technology that we work on. emily: would you have taken the job if you had known of all the complex situations you would be giving with? steve: yes, it was clear we knew what we wanted to

and the environment such that you are in a position where a deal could get done. i think thereme, is no better opportunity than partner for qualcomm than to work with apple. in the technology leader in mobile is partnered with the product leve leader in mobile. eventually you get the disputes figured out and move on. emily: you believe apple will remain a customer? steve: i think so. look, if you have leadership technology, your roadmap will eventually dominate the business relationship tween companies. i think there is no reason why that should be the case. emily: you are taking on the world's most viable company. you have stopped putting your chips in their phones. you say the patents they are paying you for are invalid. how do something so bitter get resolved favorably for qualcomm? steve: bitter may be the wrong term. we have had disputes in the past as well over the price of ip. really than no different than that here. just bigger companies. we are both big companies. they are a large company, but we are not a small company in terms of executing the strategy we things gett these resolved. sometimes on the courtroom steps, sometimes they don't. the st

qualcomm is making the latest charges after discovery of the current loss, apple engineers repeatedly provided source codes andther confidential information to intel engineers qualcomm did not provide direct evidence to support the allegation it does make reference to back and forth between apple and intel engineers that i am told our correspondents between those engineers was found during discovery. qualcomm is hoping this will be added to apple and the case is still on trap for its current court date of april of next year that remains unclear given their timing has not yet allow a response from the company. we'll bring it to you. this does seem up in the an anti between two companies the largest company in the world are stealing your trade secrets and giving it to intel >> right >> based on a couple of responses according to engineers. >> late on the initial lawsuit of the breach or the lack of audits being allowed that discovery has turned up evidence they say in the form of correspondence that points directly to charges. that's all we have now of filings to the lawsuit that we have in our possession >> tho

says his company and apple have -- the two companies will soon face legal proceedings. qualcommh other over licensing fees. the billionaire founder of japan's second e-commerce company will be the first passenger to fly around the moon. he will be on board a rocket scheduled to last off in 2023. the spacecraft will make a week long trip around the moon, but no word on what miyazawa is paying. francine: in nine days, italy's populist coalition government will present new fiscal growth targets. by a few pledges ministers to stick to it european rules. italian bonds fell. investors appear to be staying the course. i am pleased to be joining by spaxs' ceo and, founder. answer with us, nouriel roubini. -- still with us, nouriel roubini. at italy, there was a lot of anxiousness over the summer. you think investor concerns have been a late, because -- have been allayed? corrado: absolutely. and it was justified because of some of the announcements made in the first weeks after the creation of the government. but even today, these statements, the announcements made were the right ones.

qualcomm and apple, embroiled in a global fight got mixed messages from a german court that is hearingmany lawsuits between the two companies. yesterday, it providing judge said qualcomm has not convinced the jury of any apple infringement. with exclusive interview bloomberg, qualcomm's ceo says he sees the chance of a settlement. >> we have a dispute over the price of ip. we think that is moving out into a period of time where our strategy is unfolding and the environment is such that i think you are in a position where a deal can get done. taylor: you can see that exclusive interview at 2:30 a.m. u.k. time next wednesday. that is your bloomberg business flash. francine: thank you so much. sustainability, when it comes to everything fashion is becoming a primary concern for business. that just a shows bit of heightened worth investors have a sustainable aspect to their portfolio. in the u.s., that number is even lower at 12%. more than half of chinese and brazilian investors allocated to these asset classes. in the u.k., investors have expressed concern about global returns and find a

qualcomm a story stock meaning you're waiting for something to happen, notably a settlementm t with apple some say that's a zero sum gain. you'll give up something for apple andain it in qualcomm. qualcomm is one-tenth the market cap of apple the other two sectors you see represented, starbucks, and industrials, greenbriar, rail car manufacturer that's doing fabulously and cleaned up its balance sheet so it has no debt. timely, citigroup. going back to the top of what i said, i'm a value investor where is the value it's in financials this has been held back by a low ten-year which i think is going to start to rise from here. >> thank you for that. you have a financial in there as well, jpmorgan first republic, jpmorgan, delta. we know about your airline exposure general motors you like jim have that in your portfolios and disney. >> disney is a new one we started adding to it a couple months ago disney is a transformation company. fox is the new acquisition e. spn is turning around valuation today 15 times earnings and the ceo is going to stick around for a couple of years. >> these aren't just recommendations. these are all stocks you own. >> we own these. >

at the same time, there is no opportunity and partner for qualcomm then to work with apple. es sense that they would be partnered. those things tend to work out. the way we think about the businesses you get the disputes figured out and you move on. believe apple over the customer? steve: if you have leadership technology, your roadmap will eventually dominate the business relationship. there's no reason why that should be the case. emily: you are taking of the world's most viable company. they say the patents they are paying you for are invalid. how does something so better get resolved favorably? steve: bitter might be the wrong term. we have had disputes with licensees in the past. it's no different than that. these are just bigger companies. company,a very large but we are not a small company in terms of executing the strategy we have. those things will get resolved. sometimes on the courtroom steps, sometimes they don't. the strategy is playing the way we always thought. as more retail shifts online, a growing segment is home wares. wayfarer says they are growing at 15%

we reached out to apple and qualcomm we'll bring you those responses if and when we get it.back to you >> josh lipton in san francisco. we've been rolling out the portfolio lately a basket of five stocks they think are set to outperform. steve weiss is up today. what have you got for us >>> i'm going for safety i'm going for brand name and so when you take a look -- >> in other words, you're a name dropper even in your portfolio as you are off >> exactly and both have served me well >> all right >> so while there are definitely headwinds against some of the names, alphabet or google, if you look at over any investment time horizon, these names are still geared to do quite well. microsoft, they stand alone in terms of powering desk tops. this is my ode to pete najarian, he's in love with microsoft and target he tells them by the ceos names. i call them by the stock names >> year to date they're all big caps >> yes >> they've all done really well year to date you're in sort of a mature run for the stocks at least as this year goes. that doesn't bother you at all microsoft up 3

qualcomm added another layer to its ongoing legal battle with apple. they are accusing the software tools.f stealing apple andhan 70 lawsuit and countersuits spanning the globe. the big business of beer. made waves. why the deal makes sense for the brewer. >> we are driven by being the first choice for consumers. this is a new is opening up. it is clear that the occasion that some of these alcohol free drinks which would have cbd or thc components will be competing in similar occasions to alcohol. into this in canada allows us to do it in a very tight geography. and wetest and learn have to decide to be a spectator or get on the playing field and what we will bring to this is brand credentials and a sense of responsibility around the space. it will be in a nonalcoholic beverage. there will be a range of beverages. tur seltzer or beer that has been deal collides does well. on occasion when people want to kick back and relax and socialize with friends they can enjoy all of the flavors and alcohol will be replaced by a cannabis compound. whether wedecide want to participate or spectate. we want to participate. >

at the same time i think there is probably no better opportunity and partner for qualcomm than to work with applees sense the partner -- they should be partnered. those things tend to work out. the way we think about the business is you get the disputes figured on any move on to a different time. emily: you believe apple over the customer? steve: if you have leadership technology that your roadmap will eventually dominate the business relationship between companies. there is no reason that should not be the case. emily: you are taking on the world's most valuable company. they stopped putting the your patents in their phone. they say the patents they are paying you for are invalid. how does something so bitter get resolved favorably for qualcomm? steve: i think bitter might be the wrong term. we have had disputes with licensees in the past over the price of ip. it is no different than that here. we are both big companies. they are a very large company, but we are not a small company in terms of executing the strategy we have. those things will get resolved. i think sometimes they get resolved on

and i'm going to say it again. qualcomm, there's a heck of a lot of momentum and a couple of upgrades if the apple celtsment comes,rocket further >> up 2% today josh brown >> the fifth stock in my grouping that i didn't mention was verizon. 4.5% dividend yield, chsz agood as it gets in corporate bonds. i like the story >> stephanie >> kohl's really great quarter i'm a buyer where. >> regents financial just consolidated in the gains of the last year. i remain long. power lunch begins right now >> the market cap milestone. where does the giant go from here in the face of the nfl anthem protest is now the face of a new nike just do it campaign and it's working a lot of backlash. nike shares taking a hit today will the controversial move pay off, or is this going to turn into a nightmare for nike? and then big tech set for a big fight on capitol hill. lawmakers ready to call for new regulation the chairman of alphabet will join us live power lunch starts right now

qualcomm reinstating overweight at barclays, company starts $16 billion accelerated by back and we have an appleipple effect in wake of the product announcements. firstapple suppliers, gain in 12 days. apple, representing 30% of revenue. when it comes to amd, outlier. it had four down weeks going back to april. extraordinary, the gains they have had and especially since it has been a sharp contrast with the industry. a quick check on builders. decline in the homebuilders after a major companies said a survey conducted pointed to third quarter order downside. 30 yeareantime, mortgage rates up to 4.6%, third straight weekly rise, concern about rising rates and the effect that will have on housing sales. taking a look at u.s. dollar, down once again. euro and pound climbing in the wake of central-bank meetings. the dollar is bouncing off the low. vonnie: thank you. 10 years ago, lehman brothers fell, marking the beginning of the financial crisis. we are talking about the recovery. we welcome chris dodd, former democratic senator from connecticut and former chairman of the senate banking committee a

health care with its new apple watch which features ekg capabilities and other potentially life-saving features approved by the fda. apple right now up almost 2%, $225.31. >>> qualcommitting its highest level in more than three years after initiating a $16 billion share buy-back. repurchase efforts coming as part of a previously announced $30 billion buy-back by the chip maker. shares higher by 3.5%. up next, we are tracking the hurricane, hurricane florence. liz is going to be talking to the company, lowe's right at the epicenter of this entire thing working on protecting customers and employees. they are in the carolinas. at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. when you rent from national... it's kind of like playing your own version of best ball. because here, you can choose any car in the aisle, even if it's a better car class than the one you reserved. so no matter what, you're guaranteed to have a perfect drive. [laughter] (vo) go national. go like a pro. see what i did there? jardiance asked: when it comes to managing your type 2 diabete

apple's new a-12 bionic chip is one of the stories. they call it the smartest, most powerful chip in any smartphone, sending additional fear into intel and qualcomm. intel down three quarters of a percent. qualcomm down a full percentage point. still pretty close to its 52-week high. apple is saying we now have a seven nanometer chip. they said it was the first, but one was unveiled last month but it doesn't ship until october. they say it can crunch five trillion operations per second. to hillary vaughn at the apple event live in cupertino, california, where the faithful are still clearing out. what was that final comment from tim cook and the gang? reporter: tim cook said he wants to get an iphone into every customer's hand and they are doing that with the iphone xr, the budget-friendly sibling of the iphone x. only $749. with the iphone x experience that we know last year launched for $1,000. here's the other prices. we have the iphone xs max, the biggest display ever, also the most expensive iphone on the shelf now at $1,099. a step below that, the iphone xs at $999. compare that to the samsung galaxy note 9 that currently sells for $1250. th

qualcomm. up about 8% on earnings and say an increase in revenue. marv l up 5%. marvell up 5%. apple has an iphone later this month and speculation are they forecast better-than-expected earnings. my terminal is about tech and something we are watching. the weight of the text in the s&p 500 now up 26%. the computer chip we were talking about in the nasdaq, up 43%. that is why you see nasdaq drive higher because some chipmakers posted better than expected earnings today. vonnie: thank you. , they of tesla falling downdown earlier and still more than 6% on the day after two senior executives resigned and elon musk under more scrutiny. he smoked marijuana during a podcast. joining us is our detroit bureau chief. if you are a money manager and considering what to do with tesla shares, more of an argument to get rid of them today than yesterday? executive have turnover and whiskey drinking on a podcast. shares down as much as 10%. you have a bullish analyst saying that the company needs a coo or co-ceo. management question from a bullish analysts and investors may say it is time to sellof

qualcomm, and you will likely get a blank look. qualcomm has been in business headlines constantly over the last couple of years because of a bitter dispute with applee killed the hostile takeover by broadcom, which would have been the largest takeover in h

a name we like is qualcomm you know, independent of what's happening in the smartphone space, you know, this is a company that seems very close to settling with apple and. we think greater than 50% probability of resolution by the end of the year and qualcomm could go from $70 to $80. >> all right we'll leave it there thank you. >> thank you >>> and coming up, fed up with drug shortages and sky-high prices, a group of hospitals are doing something about it well, how? by making their own drugs. we'll have more on that story ahead. >>> plus, the me too movement checked into the hotel industry. where panic buttons could be standard in your room. >>> and he's best known for moves on the basketball court but andre iguodala is netting nice returns off the court, as well he jons us live with investor ntveiagy and take on nike's new cororsl ad andre joins us next. you always pay your insurance on time. tap one little bumper and up go your rates. what good is your insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could

apple's stock has fallen atoday. a and, look, the weakness in the semis has nothing to do with tariffs hurting business they're not selling fewer chips. no, china blocked qualcommrom acquiring nxp semi and made everyone want to pay less however we'll soon find out if the chinese want to quash all the deals and not just the american ones as just today a japanese firm offered to buy integrated technologies for 6 billion and thought that was a rumor takeover target. how can the markets be so complacent about china first many american company that is do their manufacturing in china have a lot more flexibility than most people thought. president trump wasn't going to bring their business back to u.s. but thailand, vietnam, cambodia, all desperate for that business that's why so many companies that source a lot of their stuff from china, let's say a dollar general, a target, five below, kohl's will do much better than people think they can shift the company that is buy from china are -- they're just in good shape but here's a good question what point companies that sell to china, honeywell, emerson and united technologies all do substantial business in the prc. you'd

qualcomm responded by saying apple has been stealing its intellectual property. rishaad: bmw cutting its profit forecast. the latest carmaker with affecting by the tariffs. bmw said the trade war is making buyers nervous andn anticipated. bmw is one of the biggest exporters from the united states to china. uncertainty generally speaking in ever getting the market. bmw being heard by european regulations. yvonne: delta airlines has lifted all ground stocks after a nationwide stoppage to address what it calls a technology issue. the carrier says all i.t. systems have been restored and working to accommodate customers. they apologize to them for the inconvenience. rishaad: let's have a look at what is going on market wise. we have a couple of markets not playing ball, japan mainly. 1% really for the hang seng. raising a few of the losses we did see on monday. this is just the second trading day for the hang seng after yesterday's public holiday. taking a look at the mix, seeing how many stocks are moving. the chief proponent of the gains. it is the oil related equities. about 3%.oleum up that is currently 41 stocks on the way up . eight on the way down and volume is about average this time of year. yvonne: o