position to 35.2 million shares from what was a 95 million share position before. and qualcomm, another one of his top holdings, he's lowered his stake there to 2.8 million shares from about 3.8 million shares before. we'll keep combing through these filings. still some notable moves from leon cooperman at omega advisers. >> made big money on google and apple, no doubt about it. crocs as well. probablyquidation efforts. >>> bob pisani still with the slow melt up. that continued today. >> cisco is down 10%. the nasdaq is up today. that's unbelievable. take a look at the -- what the markets are doing today. the uptake from the yellen testimony is qe-2, qe-3, is going to continue for the near future. that's what mattered for the markets. we had astonishingly poor guidance from cisco. a disaster. kohl's terrible as well. it shrugged it right off. market rotation continues. back into high volatility names. networkers today, folks, if this would have been six or seven years ago and cisco was down 11%, the nasdaq would be down 3% today. but it's not. yes, the networkers got hit. because we're

gains, a lot of that coming because of chatter about consolidation in this space. qualcomm wants to pay about $30 billion might pay more as it hit a new high today. then, of course, the really big mega caps. apple's resurgence this quarter that has really helped propel things and while a couple of years ago we talked about than, it's amazon, apple, facebook, microsoft those four led to major gains here in the nasdaq this quarter and they are all firing on all systems with facebook and amazon putting in historic highs this quarter and all of them up double digits for the quarter. so it's really been quite a powerful technology rally here. back to you. >> okay, bertha, thanks. >>> so here's something else to help you sleep well at night. as if e-mail hacking wasn't scary enough now hackers are infiltrating everything from security cameras to dvrs all of those internet of things things. a record breaking distributed denial of service or ddos hit was delivered by more than 145,000 cameras, essentially the attackers flooded the bandwidth of the targeted system and several websites includ

, all that stuff. >> i'm looking for, one, qualcomm. qualcomm quietly led with a watch that launched this year, also they're going to be playing in the chip sector, but also i wallet to see who's competing with google. massive expectations on google glass -- cheryl: that was nice to be on top to knock you off at the same time, and that's where they're sitting right now. liz is going to be out there next week, so we're looking forward to ces. guys, thank you very much. you can put your regular glasses back on. appreciate you wearing the glasses for me, thank you. well, we have a lot coming up including a bell that's about to ring in 41 minutes. and just moments from now ben bernanke could make his last major public comments as fed chairman. we're going to go live to philadelphia as soon as he begins his q&a session, see what he has to say. and the latest auto sales numbers are coming in, and toyota was among the automakers reporting disappointing results for the month of december. a fox business exclusive with senior vice president and how he is gearing up for the fight with u.s. auto

-year-old drop out from canada who thinks he can take on the big boys like nike, qualcomm and sony with his own smart watch, he says doesn't need a smart phone attached. (vo) you are a business pro. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above,nd still pay the mid-size price. (aaron) purrrft. (vo) meee-ow, busine pro. meee-ow. go national. go like a pro. liz: charlie breaks it. the story, that was fun. activist investor bill ackerman, the billionaire, still trying to take down herbal life renewing his claim the company is a pyramid scheme which today he was going to reveal information about the health shake company. charlie gasparino joins us with details you predicted. >> this is what is going on. lot of talk about -- we will get into it in a second. it was the robin hood conference. a conference where big investors go for new investment ideas and a similar conference year-ago, all these confer

. qualcomm leading the way after bullishness from stern ag. biotech sector did get a lift. also a good sign. then there were enough other stories sprirngcleed in like the yahoo!/alibaba case that overall gave a nice lift to the nasdaq today. but here is the thing, traders definitely characterize today as a reluctant rally. they said, yes, there was some good news, but there's also enough uncertainty out there that people didn't feel great about the market. you can see that by the fact we didn't break out to any new highs. you know, all of the momentum names didn't necessarily gain so much steam. so there is still that reluctance out there that people are starting to point to a little bit more. >> rick, most reluctant of all might be the ten-year. what are the bond pits telling us? >> we couldn't even break into the 2.70s. treasuries are going to be in a range and that range will probably surprise many to have a bigg eger probability to test 2 than to test 3%. the notion that the u.s. economy on a relative value argument is the best economy in the world is true. but if we're 1% or 1.5%

dollar machines that applies coatings to equipment made for clients like qualcomm. it's a job even with his experience requires constant training as technology evolves. >> first of start crawling and walking and running, and the same thing with this. >> reporter: finding technicians has been difficult. the company has partnered with local community kejs to set up training programs. it's also reaching out to local high school students, telling them about the opportunities in advanced manufacturing if they have an interest in me nannics, knew matics -- an interest in mechanics, pneumatics or other i.t. global foundries is drawing from local four-year colleges like rensselaer polytech, the alma mater of new hire kevin handley. >> my main goal was to try to stay local in the area so that was a big thing for me. >> reporter: another big thing is what they pay here at global foundries. on average their workers earn $90,000 a year, plus benefits. that's nice clean work if you have the skills to get it. back to you. >> that's a great salary for that region, mary. thank you very much. there

, micron, qualcomm, sandisc, the s&p 500 continues to hit new highs. >> the qualcomm move is pretty scary. that's a stock that went from 82

consider qualcomm that recently announced it, too, has interest in the data center and they also work with pcmc like a xilinx does they could find themselves joining forces. this deal would make sense on paper. it would be interesting to see for what price and under what terms they could get it done. >> alex thanks. stay there for a second if you would. tim seymour, thanks on this report? >> i think this is great news. intel was lagging on a couple things and as was talked about here, the core business i think is out there. the data center is really where there's a lot of excitement in the stock and it's setting intel apart, also diversifying the model from the straight semi and i think if you look at the rest of the sector intel to me is the consolidators. they are the largest cap. they offer to me also the most value, and they're a high div payer. we kind of thought, in fact intel is on our "fast money" elite eight today. when you look at the stock from a trader's perspective, it trade tradeed back to $32, broke through there and we thought around $29, $29.50 the stock offered value

, some outperformance from qualcomm which really took it on the chin last week. >> dominic chu has been studying them all carefully. he has our movers on this first trading day of the month. >> i wish i had time to go through all of them. let's start with the highlights. we'll begin with verizon gaining ground on a "wall street journal" report it's close to selling a package of cell towers for more than $10 billion. verizon shares up by 2.5%. pitney bowes is moving lower an reporting quarterly sales that fell short of forecasts. then there's lululemon also trading lower. the yoga pants maker's founder is leaving the board of directors but he will keep his stake. lululemon down by 1%. then there's exxonmobil gaining ground despite reporting a 21% drop in quarterly profiting on plum netting oil prices. it managed to beat wall street forecasts but said it's going to trim back its buyback program to $1 billion. kelly, bill they had spent $3 billion in the fourth quarter on those buybacks. so a fairly significant reduction, guys. back over to you. >> and exactly what we were waiting on.

qualcomm. there's also arm holdings that makes the architecture of mobile chips. but most of the rest of the semiconductor business are mostly in commoditizing businesses. and it's very hard when you see a business that looks like it's going to have long-term margin zroux to get all that excited about down six pcs instead of down ten. >> but here's the interesting thing, tom, and i'm curious what makes your bullish case for them. these are well-known concerns out there in the market and even this issue about the pc upgrades spurred by windows, and yet look, people have had all day to digest this. the shares are still up 7%. >> yeah. i still think that there's a role for intel in the internet of things or in the tablet world. i don't think that just because you're seeing declining sales in pcs means that intel's stock is perpetually on its way down. so i think that clearly you're seeing the consumer and to a lesser extent the enterprise transition away from desktops and laptops toward tablets, but i think there's still opportunities for intel in that future environment. >> gentlemen, than

momentum names. look at the moves over the past five days for ibm, cisco, intel, and qualcomm. is it too late to buy into some of the tech players? let's start off with ibm. hpq's gain this year was ibm's loss. >> look at the last quarter at ibm.

quarters is corporate venture capital, ge qualcomm and others leaning in and understanding they need to get involved early in the whole ecosystem game. instead of waiting for these companies to mature, they are getting in early. what ge has done is nothing short of phenomenal. large organization like that truly embracing early stage innovation. >> great point. i was going to ask who the uber is. sounds like we don't have the netscape yet. a lot in the pipeline. >> very early. >> thank you so much. >> thank you for having me. >> you can check more around "the spark" at cnbc.com/thespark. >> there you are. the hand on the hip. >> i was waiting for it. >>> comic book movies have been huge hits for movies. could this genre be at trouble with the release of "ant man?" it's back. alpha conference where some of the biggest names gather to share their best ideas. it takes place july 15th. i'll speak with bill mueller and jeff gundlach. >>> welcome back. it has been a fairytale ride for disney investors. the stock hitting an all-time high today. "ant man" hits theaters next week. it's project

technology. we would mention, for example, qualcomm above 4%. seagate is above 7%. even ibm is giving you a pretty good deal. there are pockets of value even if you're concerned about value and dividend income. lori: 10-year yield is 1.74 at last check? >> people say why stay in the market. s&p 500 on average yielding more than half a percent more than the 10 year treasury. over time that yield has gone up five to 6%. where are you going to be better off in couple years when you are starting with more being income? lori: ross, you said you were up great opportunities. you sent ahead of time, facebook, gilead, alba bet. your tech names. are you seeing bargain because they have come down so much. is it as simple as that? >> it is as simple as that. apple and gilead had great years in 2015. there is a lot of worry what is their future, what is the the next product. i love that, worry, worry, worry. you have seven pe, rising dividend with both companies that will do great things. we have companies with higher valuations like alphabet which i still call google. and facebook. google

a quad core chip inside it from qualcomm that allows you to play video games, do stuff that's graphically intensive at high resolution. it's got fast wi-fi which you want in a box like that. but it's 99 bucks which means it's the same price where apple tv is now. the question becomes from, you know, this sea of different gadgets we have now to stream video to the living room, which one is best? part of it will come down to content. they pretty much all do netflix. this one does as well as hulu plus, vimeo, several other channels. espn was in there and said this one does a good job of streaming hollywood f hd for a long time. what is amazon going to do to make this stand out even further? if you're not into gaming how will they push it beyond amazon.com? right now that's the only place you can order this thing. of course, we've still got a few months to go before the holiday season and we still got a few months for apple to roll out the next phase of its content strategy in apple tv, whatever that happens to be. remember, tim cook said just a few weeks ago apple tv was a billio

afternoon ahead with qualcomm, facing increased competition in the mobile chip space by due western digital. of course, social media firm facebook. analysts will once again be f k focused on the new platform working on not only engaging users but driving them to click on ads. back to you. >> all right. thank you so much. heading toward the close. 10 minutes here. we've got the dow down 42 points. so it doesn't look like we'll get a record close today. >> you know, larry cantor from barclays has been on a big bull run on this market. he's starting to turn a little cautious, though. he'll tell us why when he comes up next. stay with us. with fidelity's options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an acc

earnings. take a look who we're hearing from, facebook, at&t, qualcomm, all out with their numbers. and our julia boorstin will be speaking with facebook's chief operating officer sheryl sandberg immediately after the earnings are released. stay tuned to find out what she has to say. >> leaning in with sheryl sandberg, coming up. >>> another twist in rupert murdoch's efforts to buy time warner. we now may know just how high he's willing to go to win the bidding and reshape his media empire. or do we? could murdoch just be posturing? he named a number today. we have david faber with a brand new detail coming up on that in just a few minutes. >> yeah, shares of that company, by the way, have been under pressure today. >> yep. >> here's where we stand across the broader markets. moving in different directions on the dow as opposed to the s&p, backup four points today, and the nasdaq, which is up about 17. and interestingly enough, this against the backdrop, still, of low rates, bill. that is the theme. >> 2.45% on that bond, the ten-year yield. there it is. now 2.46%, but yes, at thos

skyworks others kind of mixed qualcomm, in fact, turned positive on the day. we're also seeing apple really accounting for about half of the decline on the nasdaq 100. and the faang names are account bing for just about the other half of that and these are names that have been at all-time highs they've been the big momentum movers for the most part, they're up for the month. amazon, for example, is now down about 9% from its all-time high. could see some people starting to take a little cash off the table because they've had a pretty big run also bucking the trend today, though, in big caps, adobe at an all-time high after forecasting better than expected results for its fiscal fourth quarter. microsoft having a good day as well so it's not all bad here in tech line i didn't put the chart in but did have a pretty nice ipo here today. mongo db which priced above the range and up about 25% on the day. back to you. >> i can't believe that adobe is up 12% this is one of the banner stocks of the last decade at this point. five years, at least, it's up 12% today. i mean, we talked about th

weight in the index, qualcomm same story on the chip side, down 20% year to date, a $93 billion marked cap and biogen down 16%, 60 some billion dollar market cap overall. these types of stocks are weighing things down despite the fact that the nasdaq 100 is creeping higher. something to keep an eye on. now let's talk about a huge tech company, keith talked about apple, let's go through the numbers here quick as we get ready for the earnings coming out after the bell. the estimates from analysts say earnings will come at $1788, sales of $51.1 billion. now, about the trading, it's traded positively after earnings four of the last eight earnings reports, the options markets currently pricing what could be a plus or mines 5.5 move on the stock. on twitter estimates 5 cents for them on sales of $560 million. out of the seven quarts quarters had a has traded only two have been positive. andrew, some things could to keep an eye on as we head towards those all important earnings reports after the bell. >> just minutes before the bell is going town, the dow right now is off about 54 poin

growing at 75% you have to look at these opportunities. >> michael, you've got qualcomm and abbott labs on your list. still, would you have been pounding the table on these as much two months ago? >> i was -- i've owned them certainly, bill, for that period, and, yes, i probably would have been a buyer. i like to be a more opportunistic buyer, but with the ball sheets of these companies, with the free cash flow and dividends, you know, part of my job as a money manager is to make sure that my clients have a chair when the music stops, and certainly you look for opportunities as my colleagues are suggesting in some of those names perhaps at times, but these are the kind of companies that get you through tough markets. qualcomm selling at 15 times earnings, growing at around 15% with a 2.2% dividend. abbott labs, great company, 16.5 times earnings, going to grow double digits, i don't think the s&p will, and 2.3% dividend when the ten-year treasury is yielding 2.67%. why not only aaa balance sheet in johnson & johnson. i'm a big fan of getting rich slowly >> in a worked you guy, we've got to

a single point of dow 20,000. these are companies like amazon, cisco, qualcomm, tivo. they are driving markets to record highs. dow 20,000 is within sight, spitting distance. records are falling on wall street. dow, s&p 500, nasdaq all hitting intraday highs. could see a record close. absolute for the nasdaq. second day in a row we've seen nasdaq at record high. let's get to the fort lauderdale story. multiple casualties in this situation that began developing shortly after 1:00 p.m. eastern. five dead, eight injured. can you imagine this, five dead, eight injured, when a gunman began shooting in the actual baggage claim of terminal 2, fort lauderdale airport. moments ago we got reports of more shots fired. look at people on the ground. there are concerns of a second active shooter. as we look at live pictures of what's developing we're not sure whether those are press people. people are actually huddled behind cars. police are not letting anybody leave the situation. cheryl casone live in the newsroom. i want to call this audible. we'll keep up the picture, if you don't mind,

the last hour. >> a big day for earnings. after the bell, facebook, microsoft, qualcomm, at&t, and more reporting what you need to know ahead of the reports. >> starting with the initial rebound and selloff and since then pull back we are uptown at the nasdaq, and bob pasani is at the new york stock exchange, bob, starting with you >> the important thing is what happened in the last hour because we have weakened now, everyone is talking about the feds' statement about market based measures of inflation compensation increasing in recent months, but remain low. they added that phrase they are more hawkish on inflation, but it's modest, and the s&p, let's look at the s&p it did not move at all for the first 15 minutes after the feds' statements if you thought, they would have been moving more aggressively. we are down 12 points since the announcement came out. if you look at the rest of the market, look at bank stocks, yields moved up on the ten-year, maybe three basis points i think the important thing is bank stocks benefitting from higher rates, but they have not. bank stocks drift

. nokia, qualcomm, samsung all on board. we will be watching this, thank you so much. >> thank you for having me. liz: getting the nod, good for them. the closing bell ringing and 38 minutes. exclusive new reporting on the race for the fed chairmanship. charlie gasparino will bring us the very latest on who might have the edge. plus it is the talk of wall street today, talking about the fallout of the goldman sachs trading glitch and the potential risk of a melt down to the entire system of trading. next we talked to the guy who literally wrote the book on high-frequency dangers but he is also out with a brand-new book on the knight capital collapse almost the same issue. could this bring down the system? he is up next. [ male announcer ] these days, a small business can save by sharing. like carpools... polly wants to know if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, we're loving this communal seating. it's great. [ male announcer ] the best thing to share? a data plan. at&t mobile share for business. one bucket of data for everyone

tech companies that have values. but look at what qualcomm did recently -- >> hold on a second. >> -- changing ceos and they're trying to find growth. >> microsoft was at $22 a share at the same valuation several years back, okay, and now it's close to $40 a share. that's how you find value, by picking companies that are somewhat troubled in transition and they straighten out the transitional period -- >> they got straightened out because they got a new ceo. they had to make changes in the way they're doing business. that's what cisco has to do if they want the stock to get moving. >> chad, you said the phrase, if they figure things out or if they straighten things out. that's a big if nowne, isn't it? >> as i'm saying this, they're generating operating income of $13 billion on an enterprise value of $80 billion. that's "x"'ing out cash on their balance sheet. they are highly profitable. we're not looking at a company that has a multiple that's 50 or 80 times pe multiple with a lot of debt and a lot of leverage. this is a highly liquid company that has been able to demonstrate

secretary general. >> up next though, blackberry scores a big win against qualcomm. details on the stock that's up 16% right now. [pony neighing] what? hey gary. oh. what's with the dog-sized horse? i'm crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. isn't that right warren? well, you could get support from thinkorswim's in-app chat. it lets you chat and share your screen directly with a live person right from the app, so you don't need a comfort pony. oh, so what about my motivational meerkat? in-app chat on thinkorswim. only at td ameritrade. thithis is the new new york.e? think again. we are building new airports all across the state. new roads and bridges. new mass transit. new business friendly environment. new lower taxes. and new university partnerships to grow the businesses of tomorrow today. learn more at esd.ny.gov . >>> check out a few movers on wall street today. time inc. and media group meredith corps trading lower, with the offer for time reportedly falling short of expectations. reuters says time has

growing it in excess of 10 to 15%. >> any examples? >> qualcomm has almost a 3% yield. it was beaten up in the first part of this year. it started to gain some traction back,:0010%. i think that's a play. unitedhealthcare, a little less yield, but they're doing an acquisition today that will help them in the pharmacy benefit management area. growth in medicare medicaid there is another play in terms of yield and growth in yield. >> great point. >> good stuff. david, always good to see you. >> my pleasure. thank you. >> dominic, we'll see you a little later no doubt. >> thank you, dom. >>> time for cnbc news update with sue herera. >> here is what is happening at this hour. french authorities have begun building a road to ease access to the remote mountain crash site of the germanwings jet which slammed into the french alps last week. the road will help facilitate transport to the site and the removal of wreckage and remains. >>> senator charles schumer has locked up support to become the next senate democratic leader. this after senator patty murray endorsed him to replace harry reid. s

judge threw out a big patent settlement parkervision won against qualcomm. lastly, we've been talking about it this hour, cubist pharma is under pressure despite fda approval for a new drug treating skin infections, off 1.5% right now. and of course, bill, i think you're going to be speaking with someone involved with cubist. back to you. >> right now. i love when a plan comes together. thanks, mary. speaking of cubist pharmaceutica pharmaceuticals, the bio international convention is happening this week in san diego. one of the attendees is cubist pharmaceuticals, where, no doubt, its latest fda-approved drug is the talk of the town. >> with us now with an exclusive interview, ceo michael bonney. michael, welcome. >> thank you. good afternoon. >> it sounds like you guys, both with this latest drug and a couple other things you've been working on, are really a significant player right now in the antibiotics space. just how much of a progress does this represent and what does it mean for people who might be exposed to staph, for example, when staying at the hospital? >> well, t

matchup, intel versus qualcomm. >> i saw this. sullivan was saying it's going to be facebook. i feel good about that pick. straight over to you guys. >> thanks kel. "fast money" starts right now. live from the nasdaq market site overlooking new york city's times square i'm melissa lee. our traders are here. alibaba getting a little boost after an analyst upgrade today. we have three more ipos that my deserve a second chance coming up. and the ultimate stock competition. it starts today. round one of the "fast money" madness challenge. tonight, it is intel versus qualcomm. which one is a better buy? the trade is on the way in and so can you. so start casting your vote now on twitter. we start off with tomorrow's big

together. >> we break news here and put it back together, too. >> facebook, whole foods, qualcomm all reporting facebook the only one in the green at the moment. we'll give you a preview over the next hour. >> let's begin, though, with tesla soaring today after last night's earnings that you reported. phil lebeau has details for us right now. >> we said yesterday it was going to be all about the guidance, and there were some people expecting tesla to perhaps say the fourth quarter might be a little bit light. instead, tesla said it expects to exceed what many people expected. altogether, deliveries of all vehicles, and mainly it's going to be the model s. but there's some model x in there as well. between 17,000 and 19,000. that means for the full year, it will deliver at least 52 to 50,000. could be up to 52,000. they did talk about production of the model x and bringing some of the seat production in-house as one of the challenges they face. here's elon musk talking about his optimism as he sees the ramp-up of the model x come along. >> the main thing is getting up production. we're

>>> and fitbit, qualcomm and more a preview of those coming up servicenow put our workflows in the cloud. this changes everything. you're right sir... everything. well not everything, i mean you're still blatantly sucking up to me gary. ahhh... stop it. servicenow. works for you. listen to your mom, knuckleheads. hand em over. hand what over? video games, whatever you got. let's go. you can watch videos of people playing video games in the morning. is that everything? i can see who's online. i'm gonna sweep the sofa fort. well, look what i found. take control of your wifi with xfinity xfi. let's roll! now that's simple, easy, awesome. xfinity xfi gives you the speed, coverage and control you need. manage your wifi network from anywhere when you download the xfi app today. >>> welcome back to the "closing bell." we're on record close watch once again for the s&p. here's where we stand now, down 0.3% so it doesn't look likely. the nasdaq flat. dow down 0.2%. things would look worse if not for apple as well which puts the tech sector up 0.4%. other than that, almost all the sectors in the r

qualcomm by offering more broadcom shares. that's according to people familiar with the matter that talked to reuters. now if you recall, last week, qualcomm actually rejected broadcom's first bid at $103 billion bid. it looks like it's coming back to the table now trying to boost this offer after consultation with some of it's shareholders so we'll see where things go from here. we have calls out to both companies and we'll report back with what we learned, back over to you >> i know, i know, i know. >> stand by. >> leslie, just real quick, does it say what that equals out to the last offer was at 70, right? >> it doesn't give a price in the first report that i'm seeing here on what what exactly that would raise the offer to, but it's something that would absolutely sweeten the bid for broadcom shareholders, but no, i don't see any pricing details in this story as of now >> okay. very good. >> thank you, leslie. >> thanks, leslie. >> send it over to sue herrara for our news update, hi sue. >> held low kelly and bill here's what's happening that the hour nancy pelosi and chuck schum

of related, guys would be qualcomm because they are both -- if it's not pcs and/or ipads it's cell phones and qualcomm cdma technology they have changed their mode to go from just going for that to some of these other markets. that hasn't panned out as well for them, quite frankly, it's just sticking to their knitting. i like qualcomm an awful lot. i think that is cheap relative to the market here. >> you're the second person who told me that viacom is also cheap. they generate a lot of cash but stock doesn't reflect that. why do you think that is? >> well i think this is one of those situations bill where you've got, quite frankly, some in the red stone who is a fabulous operator but he's been there a long time and i think a lot of folks are just waiting for the opportunity when there's a changeover in the leadership there, i think the stock really gets a significant boost and a lot of the folks that are not on board with this one get on board once that happens. so i'm certainly not rooting for sumner to go away. i hope he has a long and lovely life. >> he already has. >> yeah, he

qualcomm and ebay among the others. we'll run thus those numbers to watch, coming up next. ♪ light piano today i saw a giant. it had no arms, but it welcomed me. (crow cawing) it had no heart, but it was alive. (train wheels on tracks) it had no mouth, but it spoke to me. it said, "rocky mountaineer: all aboard amazing". >>> welcome back. we mentioned the impact apple has had on this market. >> i know what you're thinking. what happened to the fang stocks -- really the fana stocks now. apple is down about 4.5%, but there's facebook down 2.5, getting ready for the earnings, and alphabet all down today. >> down almost 7% today. again we're going to hear from facebook and some of the other after the bell. in fact a title wave, and we'll have full -- julia boorstin on facebook. and josh lipton on ebay. let's begin with facebook. julia, what are we watching for? >> with facebook so massive 1.55 billion years, the key thing is maintaining the off of -- so facebook analysts expect 3.43% user. that would be a 15% increase from the third quarter. now, facebook has beaten expectation? 12 out

. we have microsoft and qualcomm now. we haven't been able to buy them for a while. so, we're -- the united states -- the only place that the united states has an edge over the rest of the world is in our industry. >> yeah. >> you know? and -- >> and in capital market. financial markets, susan? is that what you're saying? >> yes. in the stock market. in the fact we know how to make a profit. >> yeah. >> in the fact we know how to create things. we know how to do new things. >> rob morgan, you also look at history and see that the end of the year we traditionally have a stronger market. where's the catalyst? what is it that's going to push us higher here? we are going higher anyway. we hit the little singles that push us into new all-time high territory. do you see another push higher here going into the close of the year? >> i do. i do, bill. seasonally, we're coming up to the third year of the presidential election cycle. s&p 500 is historically up 17% in the third year. that's the best of the four years. also, after midterm elections which we just had from november to april, the s&

from the information saying qualcomm could announce lay-offs of up to several thousand employees. i did put a call into qualcomm. they have no comment on this report. i will point out, qualcomm, last reported just over 31,000 employees. if they were to lay off as many as 10% of the work force, it would be in the thousands. also last quarter qualcomm ceo did say that this quarter they would announce their cost-cutting plan which is expected to include some lay-offs. last quarter they said they're feeling a squeeze between the rise of samsung in the high-end phone space. this cycle, samsung is not using qualcomm chips as they have in the past. market share gains by apple, which uses its own application processors in its phones. those processors tend to bring in quite a bit of money if qualcomm can get in those phones. qualcomm is not in iphones. the phones qualcomm is in are being squeezed. we have seen htc in trouble. that is a maker of android phones. microsoft backing away from the phone business. microsoft microsoft windows phones go in step. we can expect to hear more about that

bell. qualcomm, on a day when semiconductors are weak. as well as las vegas sands, american express. we'll give you the trades ahead of tonight's open on "fast." >> how about jumbo shrimp? "closing bell" starts now. >> welcome to "closing bell." here at the new york stock exchange. >> tough to keep with brian sullivan sometimes, isn't it? mind is always going there. tectonic weakness. disappointing reports from apple and microsoft last night are weighing on the dow and nasdaq today. and investors now await numbers. more news from qualcomm and texas instruments in the bell. the chip sector has been in tough times these days. >> and it's more than just after the bell. american express, las vegas sanz, all expected to report in just an hour from now. >> other stories, mcdonald's they're about to make a big bet on all day breakfast. will this be the move that finally turns things around for the fast food giant? or is it just too little too late? we have both sides of yet another heated debate on mcdonald's. everybody, you either love it or hate it right now. nobody is lukewarm on mcdona

, invidia, qualcomm, broadcom, you're going to see even more stocks, applied materials, texas instruments, sandisk and intel. 22% o. sales of the tech sector in the s&p 500 come from the asia-pacific, 10 of that is china. liz: wynn is interesting because the macao business, but that's almost very specific. looking agent intel, it's up 2% today. do you think that has anything to do with the thought that, oh, china's government will just put a pillow down where they think the economy's going to fall next? >> i like that you brought it back to our own economy and stimulus. i think when people see bad news and an uptick in their market, the question is, why? bad news for the economy meant more government intervention, more government stimulus which was a near-term pop for their markets, and we're seeing that right now. a lot of people ask why do we care for our own economy, and a lot of u.s. companies are making a big bet on the china middle class and the fact that they're going to be a demander, an importer of our stuff. so we're having a little bit of a disconnect. the weak econ

year. the tech sector hitting highest levels since 2000 with names like intel, cisco, apple, qualcomm leading the charge. every five trading days. every week. >> it's getting a little

down to the earnings in less than an hour, numbers from facebook, tesla, qualcomm,shake shack, and many, many more. we'll tell you what to expect, break down those numbers as soon as they're released. here we go again >> it's going to be a huge afternoon. the house tax bill was supposed to be released today now it's expected tomorrow morning. we do have a strategist who says the best outcome for the market will be if tax reform does not get done at all. he's doigoing to explain why shortly. >> we start with the dow, s&p, and nasdaq hitting intraday highs earlier in the day the dow was up 140 at its peak, but all have pulled back from those highs. the dow -- no, nobody is in record territory let's get to our "closing bell" exchange diane swan, robert frost at post nine, sitting next to keith bliss, and rick santelli checks in from the cme in chicago diane, i'm going to start with you. no surprise. i asked rick santelli yesterday if anybody was even thinking this fed metieting was relevanta all. you couldn't expect anything to come out of this, especially awaiting the president's dec

in the whole market, dan. >> you know what look at what qualcomm did today. they trade, they have a -- they have two here, they just said they're not going to split up, kelly. they have a ton of cash here. i think you're going to see some better things out of them after a very poor year of missed execution over the last 12 months. >> great point. thank you so much. great discussion. dan nathan, much more coming up with him at 5:00. i love it when a guy like this is getting a ton of play, that will be a great tv interview. stay tuned. >>> valiant pharmaceuticals trying to team up with walgreens. the company's ceo has some thoughts on the deal and so does the panel next. >>> and how law enforcement determines how threats like the school bomb scare in l.a. today are credible north. back in a moment. but a few might shape the future. like turning algae into biofuel... ...new technology for capturing co2 emissions... ...and cars twice as efficient as the average car today. ideas exxonmobil scientists are working on to make energy go further... ...no matter how many tries it takes. energy

come out of nowhere and challenge microsoft or challenge cisco or qualcomm. obviously, here we are today with numerous challenges. my point is is it safe to assume all investors absolutely assume in five years' time there will be another large competitor to an apple? >> there already is. in china there is a company dominant in the market. it makes money through purchases through its mobile app store. makes money through the sale of accessories for the phone. these emerging markets do have domestic players that are growing rapidly. there are definitely challengers on the horizon. >> so much of apple's success story is coming up with the next new exciting thing that gets people to line up down the street waiting for the doors to open. there have been concerns in the last couple of years they've kind of already picked all the low hanging fruit. they tried something new with an apple watch. doesn't seem to be quite as much excitement about that going on. do you think it's possible for apple to continue its momentum in the absence of a next really big thing? >> we'll see. apple hasn't r

consolidation across the chip space. remember, qualcomm rejecting a takeover bid from rival broadcom earlier this year. there's cavium up 10%, marvell up 6.5%. i thought it was interesting the expression of both moving to the higher including the acquirer. feels like that's the market saying it wants consolidation across the space and maybe wants pricing power against the likes of apple. >> yeah, absolutely. what's really fascinating, kelly, when you think about the ecosystems, there's so much strength at the top, we talk about the faangs, really exert so much power. that in turn drives consolidation up and down the chain. whether it's semiconductors, whether it's software. we're really seeing -- this i think is a fair question for the trump administration and congress at large. how much concentration is too much across the tech sector? we just see it going step after step after step, qualcomm, of course, being the biggest one in play right now its fate uncertain. >> yeah. by the way, shares of cvs also closed lower today and aetna closed a little bit higher on word that that deal co

-- it worked and now cma and qualcomm are world leaders. >> and there's rul this technology seems to be working out in a light like a j. you never know if last month the miss makes a flute of satellites, it could make in aural obsolete. >> good to see you. >> larry levin from gigu joining us today. >> heading to the close, the dow is up 15 points, sort of like fantasy sports meets the stock market that's one way to describe the new etf for sports nance that hits the stock market today. the sports vet pitching that fun joins us next. >> and speaking of the big brands pepsico beat earnings and another example of how the cold soft drink sector is heating up. a look at whether the mpies coan behind pepsi and coke are the real thing stay with us we, the people, are tired of being surprised with extra monthly fees. we want hd. and every box and dvr. all included. because we don't like surprises. yeah. like changing up the celebrity at the end to someone more handsome. and talented. really. and british. switch from cable to directv. get 4 rooms with hd, dvr, and every box included for $25 a mo

qualcomm chart -- looks like the cisco chart. >> from when from the '90s. >> many 1990 to 2000. >> yeah. >> really about march of 2000. isn't that interesting >> march of 2000. >> looks a little nasdaq-like. >> of all the rules the fed has issued during your time here, you've been here for five years, on capital and leverage, on liquidity, on stress tests, you don't think a single one should be made tougher? >> honestly, senator, i think they're tough enough. >> well, okay. got to say, this worries me >> that was just about the only real fireworks from those hearings today. >> yeah, and bank stocks noticed. they were up almost, like, a shot from that moment. i mean, it wasn't just that exchange, but in general, the tone of jay powell was, look, we're going to be looking at the margins to make regulation a little bit less burdensome for banks and, yeah, it -- senator warren, you know, she was loaded up but didn't really deliver the payload. >> 3% move higher for the regionals. 3.5% for a lot of big banks today. >>> it's the holiday shipping season that means millions of packages

here in july, like oracle, apple, qualcomm. now what you like, three completely different names. pet smart. how does this one win? >> it is hard to create competitive advantages retail. pet smart the little bit different in that they have about 20% of all pet merchandise spending. two times larger than their competitor petco. they can pu push back the people they purchase from and introduce private label products because they have the size to be able to do that. they trade about a 7% pre-cacheh yield, excellent capital allocation. the business is maturing but you are not paying for a hyper growth business. you're paying for business that dominates its niche. that is pet smart. liz: and you're not buying at the top. philip morris, this was down 11% year-over-year. a best in class name. >> it is. the competitive advantage here savvy is selling an addictive product. hard to switch away from tobacco. this is philip morris international where the antitobacco movement is not quite as strong. e-cigarette movement is not as strong. consumers during the euro crisis have traded down as th

, qualcomm suing apple alleging breach of contract that apple was apparently trying to help rival, intel. of course, these two have been locked in a battle now for some time i asked cook about that as well as these reports, kelly, that apple's designed devices for 2018 that would not use qualcomm components tim cook declining to comment on the latter point, but as for this fight with qualcomm, tim cook telling any, "the u.s. ftc has sued them. the eu is investigating them and so i think it's pretty clear there are problems there." i asked cook, you know, on cnbc we talk a lot about how for qualcomm, apple's business is so important, but i asked cook, listen, isn't qualcomm important for apple? as you design products in the future, don't you depend on apple if you want to keep selling top of the line products cook simply replying, no so on to iphone demand, kelly, we talked about the iphone x that iphone x demand was off the charts i asked him if that meant higher than ever. he said that was difficult to compare because this is such a different kind of device he said "this one is h

about qualcomm dropping a bomb before apple's earnings, nicole? reporter: that's right, liz, what we're watching qualcomm and apple, the battle continues. this is something going on for some time. latest news in the last 24 hours and now learning more about it. qualcomm up 2.7% but beaten down. qualcomm is suing apple now for breach of software license, we said that apple wanted to drop qualcomm chips in the new year is that qualcomm wasn't giving some of the software that they wanted to see and qualcomm is basically saying they're using, that apple is using big behemoth status to get access to software they don't necessarily deserve. that's the back and forth between the two companies. apple up a buck 45, we're waiting for the numbers after the bell. revenue likely to be up 8%. those are the estimates, but the guidance that everybody wants to know about because the 8 was only available for 9 days, that will factor into the report. what will really factor in is the holiday season, the fiscal first quarter. that will include the apple 8 for real and iphone x on sale real deal tomor

the apple, but they are inside quite a bit. yet you're not picking qualcomm. why is that? >> all of the good news is kind of out. we know that their content is going up ii both nokia and samsung and am phones, i think that news is pretty well out. it's a good pick but it's not a great pick. liz: tell me about how you feel about ireland. you know, we had activists making -- which is an irish company, making a huge bid for forest labs today, and we've got the ceo in the next hour, but are irish companies doing better these days? they did exit from the bailout packages. >> absolutely. i'd say go eastward, young man. i think that of weak five sisters, spain, portugal, italy, greece, ireland was included among them. but i think they've, they're part down the recovery road. bank of ireland makes a ton of sense. they may well be financing in some of these deal, and they are, and also i think here's a stock where, you know, you're looking at like buying bank of america in the two or three years ago. i think it's a real opportunity to get in on the recovery in ireland. liz: i just, i underst

bell. we're also getting at&t qualcomm, but whisper number.com founder john scherr was on set yesterday, and he said the data from his site which is an aggregate of investor and wall street professional sentiment predicted this about facebook, listen. >> they've met or topped the whisper number, more importantly, they've topped the whisper number by an average of two cents for the past eight quarters, topped it by three cents, over three cents in the past four quarters. liz: the expectation by analysts is 32 cents, the whisper number, nicole petallides, 33 credibilityings. do you think they can beat it? >> we'll see, they certainly have a great reputation of doing exactly that. it'll be interesting to see what they bring. apparently, a lot of people are expecting that facebook will once again exceed wall street's expectations for a ninth quarter in a row. will they chomp away at market share from the likes of others in advertising? will they reveal anything pertaining to instagram? stock right now is up over 2%, year to date up 30%. qualcomm hitting a high today, highs that we

announcement came out. liz: by the way, couple of things. qualcomm processor, headphones that don't tangle. very fascinating stuff, and finally let's talk about the made a help button. a real person comes up on your screen from the previous kindle fire features. preorders, anyway to check and find out what is going on with the preorders? >jo ling: we are on it. trying to find out how the response has been. there was a lot of enthusiasm, lot of big smiles from the customers. did not seem like they got their hand in the devices just yet, but i have a feeling that will change. made a feature will not only provide customer service but also pairing this with me dynamic perspective to it will change the game with shopping tying them into the services. all of it. liz: while you were speaking, the s&p 500 hit a brand you all-time high. the market is taking off. you can give a little bit of the push to amazon, everybody loves innovation, but the federal reserve news is huge too. two massive stories today. let's get to the breaking news on the s&p 500. 1956, there you are, the high of the year, an a