skyworks is lower today.makes radio chips for smartphones is forecasting second quarter revenue above analyst estimates. a warning they could sell off if they did not deliver a big enough earnings beat also competing parts between broadcome and skyworks >>> coming up, a stunner at the australia open and the latest on the impeachment trial and what investors need twao tch out for from the nation's capitol. more after this. >>> a live shot of our nation's capitol in washington, d.c 5:21 a.m. eastern time a lot of stuff happening in that building these days. today's top washington story is the impeachment trial. tracie potts joins us with a look at what investors need to watch for. >> reporter: watch for the reaction of republicans as democrats wrap up their case today. today focusing on the second article of impeachment, obstruction of congress. interestingly, some democrats say they think they are convincing their republican colleagues that the president could be guilty. did president trump prevent congress fr

liam griffin did a remarkable job for skyworks.he stock is bid up. 6% cell phone got a lot of other things he's doing 5g, talks about a primmer on what 5g is versus what people think it is excellent conference call. it should be listened to the stock rallied so much that people are concerned >> is there a sense that the broadcom deal is taking air out of the skyworks quarter, might be a supply shift on the apple front? >> i think people are conflating that the demand for samsung, demand for china is -- liam can't make it he's got a supply problem himself. and the fact the stock is down, it was up $1 at one point. the conference call was good people are looking for reasons to sell. i'm not worried about skyworks it was a stock i said would go down when they reported but liam griffin does a remarkable job, certainly better than the patriots did, happens to be a big patriots fan >> you see mahomes' merchandise will outpace brady's this year >> isn't that unbelievable >> one day it's got to happen. >> happening right now >> march of ti

. >>> skyworks is lower despite reporting better than expected numbers.ting second squauquarter revenue and warning that some stock could sell off maybe some has to do with broadcobroa broadcom strike deals with apple. being lo looks like the dow would open up about 78 >>> a boeing-built satellite has the potential of exploding in orbit. it suffered serious damage to its batteries. boeing says the satellite is several years beyond its life span >> boeing, boeing, boeing, boeing >> it is past its life span. what damage will it do in space? >> just the mere fact that it has boeing's name on it. >> they can't do anything right. >> it is rocket science, right >>> coming up, the latest on the coronavirus and the impact we'll talk about the airlines sector and the risk there. you can watch us live on the go on the cnbc app. we'll be right back. most people think of verizon as a reliable phone company. but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. (second man) virtualize their o

skyworks is higher bow about two pipe -- by about 2.5%, as is and ll technology ortho.onnie: this is bloomberg. ♪ vonnie: live from new york, i'm vonnie quinn. guy: i'm guy johnson. this is the european close on "bloomberg markets." let's get a check on first word markets. here's riddick a group to. gupta.'s ritika admittedran's leaders that the country's military mistakenly shut down a ukrainian jet. president trump warned the arena and government not to kill protesters. in the philippines, and erupting volcano south of manila has forced thousands to flee their homes. it could getarn worse. scores of earthquakes could signal and another eruption is eminent. the british economy unexpected lay schrank just before the general election. gdp -- unexpectedly s hrank just before the general election. officials are debating whether an interest rate cut is needed. house speaker speaker in a civil oc is accusing senate republican leader -- speaker nancy pelosi is accusing the senate republican leader of trying to the impeachment. global news 24 hours a day, on air and on quickta

median book value over seven years is two times so it is not that much to go and on 5g side, we like skyworkslying rf content in smart phones. those stocks have run, but we think content will be significant. all of the oems are building aggressively, apple, samsung, or chinese oem. whether they sell through or not is another story, but they're building >> themes to play still after last year. thank you. >>> when we return, mark mahaney's top ten internet surprises, alphabet and amazon and others in there. might not do what you expect we're back after a quick break diarrhea? pepto diarrhea to the rescue. it's 3x concentrated liquid formula coats and kills bacteria to relieve diarrhea. the leading competitor only treats symptoms it does nothing to kill the bacteria. treat diarrhea at its source with pepto diarrhea. >>> details trickling out about carlos ghosn's escape from japan. phil lebeau has the latest to catch us up. >> hey, mike, the big question is how was carlos ghosn able to be brought out of japan without anybody detecting him. he was under house arrest, they had cameras on his house,

showing off all sorts of new devices and seeing excitement for 5g. 5g ripples through everything from skywork solutions and marvel technology and talking about the wonders of it later in the show maybe you'll believe me then elon musk gave a rosey outlook for tesla's chinese demand a did a jig because he can't contain his excitement tesla is going to be selling 150,000 cars from the chinese factory that didn't exist. didn't exist 12 months ago took 10 months to build. take -- oh, none of the american companies could build something like this. this is up 150% since may and it's got more room to ruin the cloud kings continue to romp as one analyst after another names them salesforce jumped 10 bucks this week alone stuck in the 150s forever. we got a big endorsement of twitter for merrill lynch. including the facebook which is on an outright tear and cybersecurity stocks rocking defense, just today we got an upgrade in the laggard fire eye. 3% an upgrade i could go on and on, the point is tech stocks are reacting to every single positive upgrade. every single data point and the stocks -- >> buy,

the gains over a three month period of time are unbelievable for names like qorvo, better than 40% skyworks, the sometime, amd, 61% in three months. >> it is always dangerous to answer the question of whos next but i like danger, scott. i think the chip sector is where you have got look. you mentioned those names. a.m.d. is up there, nvidia, these are fabulous companies but those two in particular trading at mid 30 multiples for chip stocks they are chip companies, highly intensity competitive business that's where i would definitely be lightening up. >> when people start talking about a new era and a brave new world that's where we want to worry. i don't see a lot of that talk yet. but i am about to say the market is starting a brave new world. semiconductors are in everything >> they are, it is factual. >> let me not i don't have state it those companies i think you should be trimming to your question what's in the danger zone. i am not saying nvidia and those guys out behind the wood shed and shoot them but trim them. amd is mid 30s it was down in 19 land not that long ago trim these thi

. >> skyworks along with a fit balance sheet which remains integral to the market's direction some argueudge and the half. >> carl, thanks so much. i'm scott wapner front and center the great debate about stocks. is the rally too stretched or is it capable of climbing even further it is a question every investor is asking. it is 12:00 noon, we are answering that question on the halftime report. >> fears about profits and stretched valuations the one big factor that will determine where stocks go from here >>> earnings and upgrades. the biggest chip names on the move the traders take their positions. >>> ge rallying on a bullish call should you buy in?

. >> skyworks along with a fit balance sheet which remains integral to the market's direction some argue with all that, let's get to the judge and the half. >> carl, thanks so much. i'm scott wapner front and center the great debate about stocks. is the rally too stretched or is it capable of climbing even further it is a question every investor is asking. it is 12:00 noon, we are answering that question on the halftime report. >> fears about profits and stretched valuations the one big factor that will determine where stocks go from here >>> earnings and upgrades. the biggest chip names on the move the traders take their positions. >>> ge rallying on a bullish call should you buy in? we'll didn't. >>> and china in an all-out effort to contain a mystery voirs that's spreading to other countries. the stacks that will be impacted the most the investment committee is ready to go. halftime report starts right now. >>> it is good to have you with us on this thursday. our investment committee here today, joe tear nova, jon fortt, steve wise, anastasia amarosa at jp morgan's private bank >>> th

more on that later but the semiconductor plays like micron and skyworks, they've been rolling over. maybe a good number from compadre western digital reverses those declines. that happened an hour ago. only a handful of companies have really reported weaker quarters. most have reported good. some have reported excellent if we get the coronavirus under control, or we just get some certainty that china's got it contained, or even that the wave has peaked, well, then you can see an extension of today's magnificent late afternoon rally. so i think it would be a mistake to do much more than a reposition of the oil-related stocks because i think they are impaired i'm betting they can get through this with only a few nicks perhaps accent rated by bernie's stand in iowa. bernie is proudly anti-wealth and that's not great for the stock market but we're going to get it under control. i feel confident let me give you perspective off the radar screen when my wife lisa was flying back from krakow in poland after attending the funeral of a good plane, on a plane were dozens of holocaust survivors

new orders and they were from apple the taiwan semi seeing that, broadcom, qualcomm, marvel and skyworksese companies because they're part of the big 5g and the supply side of the equation with all this new demand, supply seems to vanish because there wasn't enough semiconductor capital equipment spent last year that explains the move let's use history. consider the last peak and that came in november of 2018 particularly when micron, which is the big daddy, announced that the iphone cycle was breaking down and demand had evaporated smart investors have been betting against micron for the previous six months. you can see the peak since the stock was selling at 62. that was the top the last time around okay ebring that up because the semiconductor cycles continue to play out similarly the moves are often symmetrical, as we say on off the charts. and that worries me because micron is now 59 and change. it's been eightmonths since it cycled bottom. that's long in the tooth but i think this will be an unusually strong semiconductor cycle because we have not one but two prongs, the iphone and

even so, skyworks is down, as you can see. they say it will go to 140.so a price target hike from jpmorgan chase as well, citigroup, to 118. let me tell you, chips are going to be on fire after that intel release on earnings last night. it's set to spark an entire resurgence in the sector today. keep an eye out for that, my friend. stuart: yes, my friend, i will do just that. thanks very much indeed. let's give you an update on some of these retail store problems. the stationery retailer papyrus closing all their stores. what's the latest? lauren: 254 stores will close. if you want a discount on something for valentine's day, you can get between 20% and 40%. 1400 workers will lose their jobs. [ speaking simultaneously ] lauren: their cards and items are very expensive. they are very expensive. people right now are not buying traditional greeting cards, at least not $8 ones. they are sending text messages or doing digital cards. stuart: how would you feel if you received a discount valentine card? lauren: you would never know. nobody checks the price of a

broadcom announcing it could amount to $15well in revenue some traders note that could add pressure to skyworksbeat it's down >> thanks for that eric. lets get to mike for the final install amount of the dashboard. >> a bit of a glimpse of macropicture this morning a reading on economic indicators. flattish but it's below the highs than that's key on the year over year basis. this index is down sult slightly as you can see it's flattened out here in the last year. why does it matter it always deaccelerates and curls down before the recession. these lines are recession. every time we had a year over year decline it's been a recession in a year's time except one in the mid-90s. you did have a 19951996 slowdown it was just a pause, a stutter step, soft landing whatever you want to call it. then you resume higher that's the hope. but be on alert. every month you want to see whether this changes trend and regains altitude. >> mike, dpraet stuff. thank you. up next the wall street buzz find out why you may soon see fewer rvseice animals on airline fewer rvseice animals on airline flights. but great m

freeport mac moran and skyworks solutions, the charge leading the nasdaq and tesla. >> beyond meat, thatould think okay charlie, what's your last-chance strayed? >> we've got to look for things that were left behind last year. it was a terrible year for farming, bad weather, the trade problems and the mosaic company, really the leading fertilizer in the world. this is a name that will do very well if we get a trade deal where china is buying more agricultural products from the u.s., a year when people start to worry about inflation, mosaic is we below i have will have a good year. >> they have curtailed some of the weakness in pricing. how much does that hinge on the production coming back >> mosaic has a leadership position in the u.s. it's hard for people to move fertilizer around the world. they can do okay if the u.s. market gets stronger >> we are close to session highs, as we approach the close. that means about 0.6% of gains record close is set for the s&p. we've got 20 minutes left in the session. this is the last commercial we're going to take before the close. up next, uninterr

. >> i have positions in my chron, skyworks, smh.t's a very attractive space these companies have gotten smarter. right now, those three producers talked about how cutting back on capacity, yet racing prices. >> particular ly, it's going to be one of the biggest investment cycles a $13 trillion opportunity, and they own the space >> all three of the major averages now in the red, though not too significantly. in the meantime, another state is a step close tore legalizing recreational marijuana frank holland looks at the trading today. 5% lower, as the competition increases. south dakota, it votes on legalizing recreational cannabis in november. u.s.-based producers are expecting a boost from those headlines, they're falling as well analysts say conservatively. 70% are retail investors, and likely selling on the downturn >> i think they're buying after they have bought all the supply in illinois, there's no fundamental story here there's so much capacity, so much acreage out of canada the reason why it's being approved is for taxation

was ahead and people thought they were the 5g play i'd rather buy skyworx if you want 5 dg play skyworks a great reputation with apple stock reported on a day when people didn't like the semis i think it should be back, it should go back up. >> guys, just to recap the very top of our show, tesla is by far the most significant gainer, 10% gain that stock is up 52% this month. first month has not ended. $115 billion market value for tesla. you can bet he's going to get that payday now. >> he deserves it. so does those guys at -- everybody deserves it. i can't wait for the democratic primary to see how little these guys have. >> iowa is monday. >> it's going to happen. just like lenin. >>> shares of servicenow are on fire, enfuego. an earnings beat offering stronger guide anxious this brand new ceo is so complimentary of previous ceos joining us now is bill mcdermott, took the helm in november we know him because he is a great guy, universally loved so i'm going to go right there, bill how much of -- when you say that the phone is ringing off the hook, i'm going to ask you to be immodest fo

i think you'll be thinking why did i buy texas instruments and skyworks but the stock texas instrumentstelling the truth the five price target bumps, did they listen to the call? did they point of order did they listen to the call? have they no shame >> sound a little like john roberts last night in the impeachment hearings so ordered >> wow i've got to watch those. >> the western dig upgrade, morgan stanley says memory pricing strength surprises us. we didn't expect fundamentals to improve this quickly some wonder whether it's huawei stockpiling. >> huawei is 3%, 4%. what i will tell you is western digital is looking at flash. flash is back. why don't people just say this is about apple how much apple do you have if you've got a lot of apple, your stock is good and if you have not a lot of apple, texas instruments, your stock is not that good. >> not as good. >> why don't we just call it why do we have to be analysts speaking >> i don't know. >> i don't know either how wrong are they on texas instruments? we haven't mentioned tesla yet >> we haven't mentioned netflix. netflix, we're go