skyworks got a double hit today. downgrade from baird and it is sliding on the apple production news. let's find out exact a with this all means. they wilson has all the details. -- dave wilson has all the details. david: baird moving to the equivalent of hold frombuy, and they are focusing on the radio chip frequency business of skyworks. that is basically how cell phones communicate with semiconductors. baird is figuring growth across the industry slows to some thing like 10% this year from more than 30% last year, and even more of a slowdown after that. so that is one piece of the puzzle. the other piece is the story we reported out of apple. people familiar with the matter saying there may be cuts coming to iphone production this quarter, as many as 10 million phones. they were targeting 90 million, according to our reporting, talking about an 11% drop. this is a company, when you look at skyworks, that is really dependent on apple. you are talking 50% of revenue, and the second-biggest company, samsung, only abo

and too much supply and let's separate those in terms of what i call the smaller chips which is skyworks and their business is great however, there are obviously wrinkles in the supply chain the third quarter to me will be the reset quarter where the companies will either come out and say, look, we're missing it. here's our guidance going forward. missing it through no fault of our own and i believe that i'm always skeptical when companies say that and i believe it this time and that will be the buy signal to go forward while it went to sky work because the position has gotten too big, it's still been very, very bruising because they're core positions, but you can't look at semis now as you looked at it in previous cycles they're no longer dependent on just one or 1.5 industries and by that, i mean personal computing or phones. they're in every single industry and the applications are only growing. so this is a completely new sector from that standpoint without any historical precedence in terms of how they act. >> you're not buying the weakness >> i will be not right now. i will be buyi

i have to tell you, i think you can buy skyworks here, griffin is going to do good job.e it very much. tonight's charter says snowflake and service now could be ready to take off. i think it makes a ton of sense. more "mad money" ahead and deluxe, how has it expanded to be with 4 million small businesses and why is it doing poorly of late housing industry is showing cracks in the foundation, what i'm seeing and why the latest headlines are disconcerting, and then rapid fire lightning round. stay with cramer the internet wasn't built to be a place of walls. but then the walls went up and choice became limited. until now. now we're in a new digital landscape of emerging channels, data-driven campaigns and measurable outcomes. welcome to now - the new open web. powered by people-based software from viant - a new standard in media. the upgrade marketers deserve. viant. built for now. ♪♪ it's another day. viant. built for now. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comca

skyworks >> the only thing i see negative about skyworks is he's a big patriot fan.t -- i mean, honestly that's about as weak as it gets when i talk about him. skyworks solution at 160 i think is a terrific buy. yes, it could go lower all stocks can go lower but they are with apple last i looked apple is doing pretty well. swks, come on. i like it. sorry about the pats i don't know i mean, really >> let's go to tim in arizona. tim. >> caller: hi, jim how are you doing, jimmy >> i am doing well how about you? >> caller: real well i have a stock called apillis pharmaceutical it's dropped quite a bit i'm hoping it's going to go back down to 16 do you see that happening before it goes to the 50s >> they've got -- why don't you just buy -- look, they have a blindness drug when i hear blind, what i think of and i know this because of macular, i think it's regeneron. i think regeneron has the best eye franchise and that's the one i'd like to see you in macular degeneration, one shot per month rather than one per week regeneron demonstrates its greatness over and over and ov

skyworks was guided down by baird prior to the announcement.urse, the apple announcement not helping matters. keep an ion this space. it will be all the talk today, that along with the banks. tom: romaine bostick, thank you so much. right now, this headline too important from mr. putin. russia ready to supply as much gas as europe needs. just in time for the meetings here in washington, jon. jonathan: the governor of the central bank, we heard it this morning. there's two ways of looking at this. good news in the short term. the second way of looking at this, chancellor merkel is exiting germany, leaving germany and europe far more dependent on european energy. that is the issue. president putin still holds the card. he has the political leverage because of this relationship with european gas. the previous administration was really on germany's case about it in a big way. tom: intraday brent crude down on support, $82.70 of there'll. right -- $82.70 a barrel. right now, seema shah with us of principal global investors, their chief strategist. t

>> it was. [ laughter ] we talk about the pain that you had been experiencing in skyworks, in corvo,nd i know you were watching those closely, and you thought maybe they could go down further before you would have a chance to add to those positions and today you didn't wait for teradyne which is 25% off of its 52-week high and it is on my hot list of stocks that have pulled back a fair amount why would you add to it today? did taiwan semi save the day for a whole bunch of different names? >> no. it wasn't taiwan semi. i actually have been looking at taiwan semi and regret not adding to it and as the reports say to sell off. semis are up today for a few reasons. one is the bond options we've had this week and the third year and the ten-year were just fantastic options. so bonds have come down. that means risk assets are going up and bond yields are coming down digit times is coming out with a story tomorrow in the states and they'll say that apple suppliers denied that they're being cut back so you have that combination of events and then add, yes, taiwan semi moved up. that's not why

let's watch skyworks and vaneck. they are all important to apple. >> the bloomburg article said it's going to fall short in production for 2021. if we believed it is not demanding destroyed but delayed. the sell-off in some of these semic semicon sem semi con duck tore names, why not look at it for suppliers. >> that makes sense, but i would argue they are trading at higher multiples. i think that makes sense for apple it's demand delayed, but that's been out there. i think the wait times for the 13 pro max are long. four weeks, maybe plus, i think we saw something about that the other day. it would make sense you can't get them because of chip shortages. i don't know if this is weakness trading on the same news again or if you look the complex, maybe that's part of it. intact, delayed. i am hanging on to this. if apple can't get chips, you would think they would have muscle doesn't bode well for others >> dan, is that the bigger headline for this story? not a huge concern for apple investors, but maybe companies wit

said 38 companies with revenue coming from apple sirius logic which is 20% off its january high and skyworksch just downgraded and also 20% off its high and flat now on the year and qualcomm that announced that 10 billion share buyback program. rough there. on pace for its third month decline and worst since march 2020, as well as broadcom. that is up 10% this year just slightly underperforming and down about 5% this year. back to you. >>> let's stick with apple apple watch reviews are out this morning. we also got the news that apple will be holding another event entitled unleashed on monday new macbook models are expected to be the star of the show let's bring in john of the daring fireball tech blog. john, thanks for joining us. before we talk about the new watch or what to expect next week, first tell us what you expect in terms of these supply chain issues how much do you think apple is prepared for them and how much do you think they're really going to be impacted >> i think they're prepared, but i just did a spot check before this morning after publishing and the new series 7 watches

by consistent sellers it will mott matter until the weak hands finishing dumping their shares and skyworks solutions their call is actually a concise highlight of earnings. because they give you an eloquent semi conductor state of play analysis. maybe they give us insight into when the chip shortage can come to an end. they manufacture their own and then there's peloton, the darling turned total dog can they make a comeback this smart exercise seems forever linked to the pandemic it hasn't gotten traction since the great reopening. and square, small business lender it has come under pressure with the exception of a firm buying out pay letter sensation i wonder whether square can pull a rabbit out of a hat. i bet their mojo will be absent for now, being a technical term on wall street after a monster beaten race quarter. finally, enbridge. why is it my favorite? i like the didividend. 6.3% we have a shortage of infrastructure i bet business is good we will have more on the yield as nonprofile comes out 8:30 monday i don't mean to diminish the figure but the numbers are all over the map that

skyworks still about -- up about 10% this year but about 20% off its late april high.to you all. >> josh, thanks for that. >>> we'll bring in b of a who is worried about continued strength carrying into this quarter but still says investors can expect strong demand for products benefitting tonight's results. demand, yes, but that isn't the problem. it's supply. what are we expecting on that front? >> yeah, deirdre thanks for having e. look, i think that that's right. i mean, you do get a strong quarter in the september quarter and that's really gated a little bit but the fact that apple only had two selling days of the new product in this september quarter. so some of that strength and it is a selling quarter for apple gets pushed over into december now, that said, we have seen what the lead times are doing across the board and you know, the iphone 13 many in the iphone 13 are coming much more to the supply/demand balance at this point in time relative to the pro and pro macs those have been stretched out anywhere between 4 to 6 weeks depending on which region you're l

skyworks is directly related to apple, qualcomm is, too, but david, how about the way they waited andwith the buyback. cristiano playing hardball. >> a new stock repurchase in addition to the $900 million that they had left >> what dunk >> it's a nice number, versus a positive impact. there have been a lot of buybacks remember when they moved from buying nxpi to not, and then they increased it to 78 there, too. >> they came in and bought a lot. it's an important part of their overall strategy. >> how about the succession there? engineer malakof, christian from brazil i like him. >> does that mean he'll be a guest on "mad money" soon? >> yes, that's exactly what it means. >> you think i'm that transparent? i've got somebody lined up tomorrow -- i'm not going to same, bring it on home to me, as sam cook says. >> on this show? >> yes i'm in a zen moment. you know, my wife, who never watches the show, said i heard you hugged 2k5i67ds yesterday. what was that about? i said, it was an ampleation once you have vaccines, it means something. unlike the rest of it is country that it means -- >>

watch skyworks, qorvo and cirrus logic.ld be feeling some of the impact from that big apple story. watch those aims keep it right here we'll have much more "squawk box" after the break big day of news coming up. gang, we need our paranormal services to be more versatile. i know a group who can help us. not those new age shamans again. i'm talking world-class business experts. data geeks, strategists, tax advisors, the works. what about technologists? 40,000 strong, baby. we'll be able to hit our projections both fiscal and astral. this company sounds great. what do you think, agnes? looks like it's unanimous. >> welcome back. boeing is the latest to mandat covid shots for employee and that's by december 8th, an that's the deadline by a presidential order for federal contractors and american airlines and west southwest wout comply and it m and meantime, we've all been talking a lot this morning about the growing threat of china' pressure on taiwan and what that means and we're joined b general hr mcmaster and th security adv