20 Burst results for "Steve Mollenkopf"

"steve mollenkopf" Discussed on Bloomberg Radio New York - Recording Feed

Bloomberg Radio New York - Recording Feed

01:37 min | 10 months ago

"steve mollenkopf" Discussed on Bloomberg Radio New York - Recording Feed

"But we can give you the latest business and financial news fragrance free plus tease out some of what. You just said our tools in the toolbox for the fed does that point to the need for continued monetary support bloomberg radio. The bloomberg business happened bloombergradio dot com. He realized the mark that this is having on a younger generation bloomberg the world is listening in twenty four hours a day at bloomberg dot com on the bloomberg business app and bloomberg quick. Take this is bloomberg radio now. A global news update. I'm really san francisco. This is bloomberg technology coming up in the next hour news that jeff bezos is stepping down as ceo of amazon reverberates through the tech industry. Why now and what will his successor. Andy jesse's deep cloud experience for amazon's competitors we've got inside pause from insider competitor scott roughing amazon's former delivery guru has struck out on his own with a big logistics play pantheon. We'll talk about. How technology is transforming shipping. And what it means for amazon itself and techniques continue highlights for my conversation with the outgoing and incoming. Ceo's of qualcomm steve mollenkopf and cristiano amman. As the chip industry is going through massive transfer me..

amazon Andy jesse cristiano amman steve mollenkopf jeff bezos bloomberg dot com bloomberg radio scott twenty four hours a day san francisco bloombergradio dot com bloomberg Ceo fed
"steve mollenkopf" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:52 min | 10 months ago

"steve mollenkopf" Discussed on Bloomberg Radio New York

"Sports. That's all straight ahead on Bloomberg. Daybreak. Asia on Bloomberg 11 30, New York Bloomberg 99. 1 Washington, D. C. Bloomberg 1061. Boston. Bloomberg, 9, 60, San Francisco. Sirius, XM 1 19 and around the world on Bloomberg radio dot com and by the Bloomberg business APP. Good morning to our audience across the Asia Pacific. I'm Juliet Sally in Singapore, where markets are coming online, and we are seeing just a slight gain on the Straits Times Index, but more broadly speaking a little bit of a risk off time. Let's get all the latest. We've done Christina in New York. Doug. Yeah, Jules. Certainly the case in Taiwan, the tie tacks now up and running, and we're down about 8/10 of 1% by that measure. Definitely risk off in Asia right now, especially in Seoul, where the Cosby is now weaker by about 1.3% using the W E I function on the Bloomberg terminal to go inside some of the price action on the Cosby We see industrial shares in real estate stocks leading the way to the downside here in the states, it was a mixed finish. On one hand, we had both the Dow and the S and P gaining about 1/10 of 1%. But the NASDAQ comp off about 1/10 of 1%. We were sorting through a fresh round of corporate earnings. On one hand, we did have the alphabet numbers and those stellar results pushing the stock up about 7%. Some other shares showing weakness in the New York session. There was positivity among the banks after J. P. Morgan Chase and Morgan Stanley issued a bullish call for the financial services industry oil at its highest level in more than a year in New York, we've got evidence that OPEC and its allies are continuing to whittle down global inventories Chinese stockpiles now at their lowest level in nearly a year. And we learned today the U. S government reporting that stockpiles were down by nearly a million barrels in the most recent survey week. Wt I right now at 53 83. In Sydney ASX 200 down about 7/10 of 1% in the Tokyo session. We've got the Nikkei off about 6/10 of 1%, however, shares in Sony rallying by 8.5% after the company raised its profit view. For the fiscal year we had a young China after the bell earnings. This is adjusted GPS above estimates, but a warning on significant headwinds given a resurgence of virus cases in China. Young China shares ended the New York session on changed and eBay forecasting adjusted GPS will be above forecast. The stock jumped 10% in late US trading, Juliet Extract will and group in Chinese regulators have agreed on a restructuring plan. If successful, it will make the Fintech giant subject to capital requirements similar to those for banks. We get more from Bloomberg's Tom Mackenzie in Beijing. The plan will put all events businesses into a financial holding company. This includes areas such as Blockchain on food delivery sources tell us and earlier goal was to put only financial operations into the new structure. One positive and avoided a worst case scenario, the company might have been forced to spin off parts of its business that now looks unlikely The restructuring plan could be announced next week when the Lunar New Year holidays begins. Several uncertainties, though, remain, including whether authorities will sign off on ants. AIPO in Beijing Tom Mackenzie Bloomberg Daybreak Asia. Well after the bell. We soak welcome report a disappointing that sales forecast the chip maker, saying sales will be be between 7.2 billion to a billion dollars for the current quarter. Qualcomm's results for the last quarter beat estimates, but some analysts were expecting more and this is because Apple, a major Qualcomm customer reported surging iPhone revenue. Qualcomm's outgoing CEO Steve Mollenkopf, said that the company's performance was also curbed by a supply constraints. Currently outsources production to TSMC and Samsung. These producers have struggled to keep up with demand in some areas. Even so, Mollenkamp says that he's optimistic for the chip business going forward. Continues to be a big portion of the market, not on Lee from the perspective of units, but probably even more importantly, from the perspective of value. We're getting more value share of the handset. No spend or bill materials because of all the technology that we're putting into the five G phones. You see that in the fact that our chip business is growing much faster than our licensing business, which which is stable, but you know, we're really getting the impact of the increased value. In the form of five. Coming into the chip business. Qualcomm is trying to return to the dominant position it enjoyed in four G by bringing to market the first five jet capable troops into updating them rapidly. That strategy is paying off so far, with Apple returning as a customer. In after hours trade cold come down by 6.7% Well, although it is not a guarantee that the summer Olympics will take place. There has been another step in planning today. Let's get over to San Francisco and Ed Baxter, with all the global news it Yeah, Pretty major went to Juliet. You're right. Tokyo Olympic Committee, along with the IOC have issued their first play book of rules navigating through the Games in a pandemic. Bloomberg. Sophie Jackman in Tokyo says it is not a guarantee, though, that the games will go on. As you say impossible that the infection situation in Japan could spiral out of control. But it does give us a peek at what they would look like it does pave the way for an Olympic Games in the middle of a pandemic. What does that look like? It looks like covert testing before departure to Japan and upon arrival regular testing during the event once every four days and curbs on where participants are allowed to go, no joints out to the countryside or big dinners and no public transport. So if he says no requirement for vaccinations for the athletes, but the some restrictions Will reply. Actually, the same restrictions will apply. Some better call that news is coming out of two of the globe's hot spots. The UK and the US both have come off their record high caseload in the middle of January. Britain's chief medical officer, Dr Chris Witty, we do you think at this point this peak at least we have passed, But the debate of whether the border should remain open got pretty heated during questions in Parliament today is Prime Minister Boris Johnson was asked. Why not close the borders? He answered All of the needed safeguards at this point are in place. But if you want to come into this country from abroad, you have toe 72 hours before you fly. You have to get a test. Mr. Speaker, you have to have a passenger located formula kicked off the plane if you don't have it, and they have spent 10 days Mr Speaker in a quarantine if Johnson also has demanded a longer Northern Ireland Brexit Grace period, a two year period in the U. S the the two past hottest spots. New York and California are reporting progress now. California Governor Gavin Newsom 30% decline. In a two week period and hospitalizations and 21.5% 22% rounded up declining ICUs positivity down to about 6%, he says, a long way from good but better. Both New York and Oakland now have mass stadium vaccination sites in the process of being set up. The Myanmar military has filed their first formal charge against on sans Souci possessing illegal imported walkie talkies. She was charged for breaching an import export law that and as you said, face up to three years in prison with police incident report indicating that on the authorized telecommunications equipment was found At her home in Naypyidaw Longer Philip K. Muhaimin, saying that she's been under house arrest for two days now. U N. Secretary General Antonio Perez says it will mobilize every effort to make sure that the coup fails..

Bloomberg New York New York Bloomberg Qualcomm Asia San Francisco China Asia Pacific US Apple Juliet Sally Sirius Tom Mackenzie Beijing Singapore Boston California
Qualcomm CEO Steve Mollenkopf is retiring, current president to take over

WSJ What's News

00:24 sec | 11 months ago

Qualcomm CEO Steve Mollenkopf is retiring, current president to take over

"Chipmaker. Qualcomm says it ceo. Steve mollenkopf is stepping down. in june. he led the company through its multipurpose period including a long running legal battle with apple. Over qualcomm's patent licensing practices sent an antitrust case from the federal trade commission. Cristiano amman. Who has been at the forefront of the company's efforts to become a central supplier in the shift of five g technology has been named as mollenkopf

Steve Mollenkopf Qualcomm Chipmaker Cristiano Amman Federal Trade Commission Apple Mollenkopf
"steve mollenkopf" Discussed on Daily Tech News Show

Daily Tech News Show

04:55 min | 11 months ago

"steve mollenkopf" Discussed on Daily Tech News Show

"You're unique and so are your taxes. Turbo tax live has experienced tax experts. Who listen to you. Learn about your unique tax situations and answer your questions and on top of all that they can do your taxes from start to finish. Maybe you started investing and want some reassurance from an expert that you're doing things right maybe you're now self employed and needs some expert advice on what qualifies as a home office deduction or maybe it rather have an expert file your taxes for you so you can focus on what matters most no matter what. Your situation is turbo. tax live tax. Experts can answer your questions. Give tax advice review your return before you file or even do it all for you. Turbo tax live. Gives you confidence that you're uniquely you. Taxes are done right into a turbo tax. Live file with the help of an expert or let an expert file for you. These are the daily tech headlines for tuesday january fifth twenty twenty one rich ruffling qualcomm snapdragon four eighty five g. Its first budget chipset with an integrated x fifty one modem that supports millimeter wave and sub six gigahertz performance. Wise qualcomm claims the eight nanometer. Four eighty should offer twice the cpu and gpu performance of the outgoing snapdragon. Four sixty with a seventy percent improvement in ai performance the chips that also supports quick charge for plus one hundred. Twenty frames per second on ten eighty. P displays supports cameras up to sixty four megapixels and offers a triple isp to let it capture images from three cameras at once. The first phone with a snapdragon. Four eighty five g are expected later in q. One qualcomm also announced that its ceo. Steve mollenkopf will step down in june cristiano. Calm president who oversaw. It's five g strategy will take over in the role. Mollenkopf worked at qualcomm. Twenty six years serving as ceo since two thousand fourteen twitter required these social broadcasting and podcast at breaker breaker team will work on twitter's audio networking feature twitter spaces as well as improve the health of the public conversation. Generally breaker will shut down. Its apps and services on january fifteenth thousand twenty one with users able to export their opium l. file to transfer their subscriptions to another podcasting up. Terms of the deal. Were not disclosed. The new york stock exchange announced. It will no longer delist china. Telecom china mobile and china unicom last week. The exchange trading stocks would be suspended on january seventh ahead of a full delisting to be in compliance with an executive order that forbid trading of shares in companies tied to the chinese military. The exchange did not say what changed in terms of compliance to that executive order other than to say it will continue to evaluate the applicability of the order to those companies tech sources. Say the indian. Social network share chat is in advanced talks on a new funding round includes new investors. Google snap as well as an additional investment from twitter. This series era reportedly be over two hundred million dollars with google. Investing more than one hundred million dollars alone executives at share chat have said it's growing exponentially with its short video app. Moshe having eighty million monthly active users as of september two thousand nineteen then mo launched a cash a check feature for eligible ios and android users in the us users. Take a picture of their endorse checked to cash it with funds typically available within an hour. Ben mo- takes a five percent fee on hand signed payroll and government checks for minimum fee of five dollars and one percent fee on payroll or government checks with pre-printed signatures. The company has said it's temporarily waiving fees on stimulus checks to use the feature users must have location services on a verified email address and either a debit card or direct deposit active on their account oneplus bringing the nord en ten five g n one hundred phones to the us. On january fifteenth. The handsets will be available unlocked from oneplus directly or through t mobile in metro. The ten five g starts at two hundred. Ninety nine dollars offers a snapdragon. Six ninety chipset substance gear hurts five g support and ninety screen. The n one hundred. Meanwhile start at one hundred. Seventy nine dollars offers a snapdragon four sixty s. Oc a five thousand million power battery and six point five two inch full. Hd display three monitors. The world's first video conferencing monitors certified for microsoft teams all three have a dedicated microsoft teams button to launch the app on p. c.'s with built in noise cancelling microphone five megapixel pop-up infrared camera with windows. Hello support and dual five watt speakers. These coming at twenty four inch model for five hundred nineteen dollars a twenty seven inch model for seven hundred nineteen dollars and a curved thirty four inch variant for one thousand one hundred forty nine dollars a new research note from analyst ming chico and obtained by macrumors says may debut it's yet unreleased airtags item trackers a previously rumored reality device and other new products in twenty twenty one quotes that new airpods more apple silicon macs and apple's first devices with.

qualcomm twitter Steve mollenkopf Mollenkopf china cristiano Ben mo unicom Google Moshe
"steve mollenkopf" Discussed on Daily Tech News Show

Daily Tech News Show

04:54 min | 11 months ago

"steve mollenkopf" Discussed on Daily Tech News Show

"You're unique and so are your taxes. Turbo tax live has experienced tax experts. Who listen to you. Learn about your unique tax situations and answer your questions and on top of all that they can do your taxes from start to finish. Maybe you started investing and want some reassurance from an expert that you're doing things right maybe you're now self employed and needs some expert advice on what qualifies as a home office deduction or maybe it rather have an expert file your taxes for you so you can focus on what matters most no matter what. Your situation is turbo. tax live tax. Experts can answer your questions. Give tax advice review your return before you file or even do it all for you. Turbo tax live. Gives you confidence that you're uniquely you. Taxes are done right into a turbo tax. Live file with the help of an expert or let an expert file for you. These are the daily tech headlines for tuesday january fifth twenty twenty one rich ruffling qualcomm snapdragon four eighty five g. Its first budget chipset with an integrated x fifty one modem that supports millimeter wave and sub six gigahertz performance. Wise qualcomm claims the eight nanometer. Four eighty should offer twice the cpu and gpu performance of the outgoing snapdragon. Four sixty with a seventy percent improvement in ai performance the chips that also supports quick charge for plus one hundred. Twenty frames per second on ten eighty. P displays supports cameras up to sixty four megapixels and offers a triple isp to let it capture images from three cameras at once. The first phone with a snapdragon. Four eighty five g are expected later in q. One qualcomm also announced that its ceo. Steve mollenkopf will step down in june cristiano. Calm president who oversaw. It's five g strategy will take over in the role. Mollenkopf worked at qualcomm. Twenty six years serving as ceo since two thousand fourteen twitter acquired these social broadcasting and podcast at breaker breaker team will work on twitter's audio networking feature twitter spaces as well as improve the health of the public conversation. Generally breaker will shut down. Its apps and services on january fifteenth thousand twenty one with users able to export their opium l. file to transfer their subscriptions to another podcasting up. Terms of the deal. Were not disclosed. The new york stock exchange announced. It will no longer delist china. Telecom china mobile and china unicom last week. The exchange trading stocks would be suspended on january seventh ahead of a full delisting to be in compliance with an executive order that forbid trading of shares in companies tied to the chinese military. The exchange did not say what changed in terms of compliance to that executive order other than to say it will continue to evaluate the applicability of the order to those companies tech sources. Say the indian. Social network share chat is in advanced talks on a new funding round includes new investors. Google snap as well as an additional investment from twitter. This series era reportedly be over two hundred million dollars with google. Investing more than one hundred million dollars alone executives at share chat have said it's growing exponentially with its short video app. Moshe having eighty million monthly active users as of september two thousand nineteen then malaj a cash a check feature for eligible ios and android users in the us users. Take a picture of their endorse checked to cash it with funds typically available within an hour. Ben mo- takes a five percent fee on hand signed payroll and government checks for minimum fee of five dollars and one percent fee on payroll or government checks with pre-printed signatures. The company has said it's temporarily waiving fees on stimulus checks to use the feature users must have location services on a verified email address and either a debit card or direct deposit active on their account oneplus bringing the nord n ten five g n one hundred phones to the us. On january fifteenth. The handsets will be available unlocked from oneplus directly or through t mobile in metro. The ten five g starts at two hundred. Ninety nine dollars offers a snapdragon. Six ninety chipset substance gear hurts five g support and ninety screen. The n one hundred. Meanwhile start at one hundred. Seventy nine dollars offers a snapdragon four sixty s. Oc a five thousand million power battery and six point five two inch full. Hd display three monitors. The world's first video conferencing monitors certified for microsoft teams all three have a dedicated microsoft teams button to launch the app on p. c.'s with built in noise cancelling microphone five megapixel pop-up infrared camera with windows. Hello support and dual five watt speakers. These coming at twenty four inch model for five hundred nineteen dollars a twenty seven inch model for seven hundred nineteen dollars and a curved thirty four inch variant for one thousand one hundred forty nine dollars a new research note from analyst ming chico and obtained by macrumors says may debut it's yet unreleased airtags item trackers a previously rumored augmented reality device and other new products in twenty twenty one quotes that new airpods more apple silicon macs and apple's.

qualcomm twitter Steve mollenkopf Mollenkopf breaker breaker china malaj cristiano Ben mo unicom google Moshe
"steve mollenkopf" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:36 min | 1 year ago

"steve mollenkopf" Discussed on Bloomberg Radio New York

"Public service message from hood in partnership with the national fair housing alliance influential conversations from Bloomberg television here's Taylor Riggs top chipmaker Qualcomm says it is seeing the return of consumer demand in China amid the coronavirus CEO Steve Mollenkopf the spoke exclusively to bloomer technology about the impact of the pandemic if I look at the man I think everyone has been hit by really impact to the consumer while the while the the virus has been peeking in individual countries it's probably worked its way west meaning that in China you've seen an improvement in terms of demand and you see that activation of college for example I think everyone's trying to put their arms around as to how western Europe and the US is going to deal with this but in terms of the operations of the company the operations of the supply chain I would say the ultimate end demand for the technologies that we work on that still seems to be quite robust we just have to consider how we get through this near term period in terms of dislocation demand what sort of operating assumption about just how much worse it gets for the overall economy which is often an indication of of demand in general yeah okay if you use China as a guide it took about five weeks for their handset activations to resume to a more normal level you're more interviews like this one on Bloomberg television streaming live on Bloomberg dot com and on the Bloomberg mobile app or check your local cable listings markets.

Qualcomm China Steve Mollenkopf Europe US Bloomberg Taylor Riggs CEO
"steve mollenkopf" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:44 min | 1 year ago

"steve mollenkopf" Discussed on Bloomberg Radio New York

"And advisors we listen we saw we do influential conversations from Bloomberg television here's Taylor ratings hit maker Qualcomm says it is seeing the return of consumer demand in China amid the coronavirus CEO Steve Mollenkopf the spoke exclusively to Bloomberg technology about the impact of the pandemic if I look at the man I think everyone has been hit by really impact to the consumer while the while the the virus has been peeking in individual countries it's probably worked its way west of meeting that in China you seen an improvement in terms of demand and you see that activation components for example I think everyone is trying to put their arms around as to how western Europe and the US is going to deal with this but in terms of the operations of the company the operations of the supply chain I would say the ultimate end demand for the technologies that we work on that still seems to be quite robust we just have to consider how we get through this near term period in terms of dislocation and the band what sort of operating assumption about just how much worse it gets for the overall economy which is often an indication of of demands in general yeah okay if you use China as a guide it took about five weeks for their handset activations to resume to a more normal level you're more interviews like this one on Bloomberg television streaming live on Bloomberg dot com and on the Bloomberg mobile app or check your local cable listings markets headline breaking news twenty four hours a day at the Bloomberg dot com the Bloomberg business the Bloomberg business slash Moscow U. S. stock index futures on the rice this morning following another session of steep declines in European shares are edging higher as investors catch their breath following a rough start to the second quarter for risk assets oil is searching we check the markets every fifteen minutes throughout the trading day on Bloomberg S. and P. futures up thirty nine points Dow futures at three hundred sixty three and nasdaq futures of ninety one the dax in Germany several quarter percent ten year treasury down three thirty seconds he'll point five nine percent the yield on the two year point two two percent NYMEX crude oil is up ten and a quarter percent of two dollars nine cents at twenty two dollars forty cents a barrel comex gold is up seven tenths percent or eleven dollars twenty cents at sixty no two fifty an ounce the euro one point oh nine two nine against the dollar British pound one point two four five six and again is it one of seven point three four fifty six and fifty three point two seven that's a Bloomberg business slash hours Michael bar with more of a feeling on around the world Michael and we're about.

Qualcomm China Steve Mollenkopf Europe US Germany Michael bar Bloomberg Taylor CEO
"steve mollenkopf" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:42 min | 1 year ago

"steve mollenkopf" Discussed on Bloomberg Radio New York

"We went to work from home and essential personnel about looking over two weeks ago and we're going to extend that you need and we do that worldwide would extend the United States until the end of April consistent with the guidance of the president gave a few days ago in China it's they're they're different I think guidance given from the local local governments and were in compliance with that but what's happened is even given the the fact that the majority of our hope is back to the vast majority of our company is working from home we're continuing to make progress because of all of the we had already changed instrument in our lab so that you don't have to physically be in the lab to make a lot of progress so we don't expect nor do we see in the near term any indicators that would suggest anything other than we are on track for five G. deliveries it will continue to take out new chips we continue to actually bring up blue chips and we continue to make progress on five G. it's it's remarkable actually the owner it's it's it's just a tremendous amount of bandwidth being used to refer to the homes primarily for software engineers to make sure that we make we make progress we had like every tech company last week we had to figure out how to deal with the shut down in India we figured our way through that I think most people have continues to do very well tremendous usage of of data into the home and into your mobile data to make sure we're we're successful the Qualcomm CEO Steve Mollenkopf here's what's up next our Gulf economies facing an L. shaped recovery.

United States president China India Steve Mollenkopf Qualcomm CEO
"steve mollenkopf" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

10:37 min | 1 year ago

"steve mollenkopf" Discussed on Bloomberg Radio New York

"Are Japanese markets just coming back online and we're still seeing quite a bit of pressure here in Tokyo today I take a look at just the Nikkei were saying about fifty two stocks up mostly hundred seventy down three or just a change here at the moment what we are coming off the lows of the session so we're just down by about half of one percent and the cost be still remaining quite resilient here the life of Sam's are really pushing that higher up one point three percent of the Southeast Asia as we said still not all the ways just yet we're seeing two and a half percent lower when it comes to the P. com and were also looking ahead to other markets as well but India is closed let's take a look at top chipmaker Qualcomm though it's saying it's saying the return of consumer demand in China amid the coronavirus CEO Steve Mollenkopf spoke exclusively to Bloomberg technology about the impact of the pandemic if I look at the man I think everyone has been hit by really impacts to the consumer while the while the the virus has been peeking in individual countries it's probably worked its way west meeting that in China you see an improvement in terms of demand and you see that activation of college for example I think everyone's trying to put their arms around as to how western Europe and the U. S. is going to deal with this in terms of the operations of the company's operations of the supply chain I would say the ultimate end demand for the technologies that we work on that still seems to be quite robust we just have to consider how we get through this near term period in terms of dislocation in demand but the technologies themselves and the and the operations of the company I think continue to go well good quite well actually even even given the difficulties of this environment he I know that there's still a lot of uncertainty here but you have to be doing the math and looking forward and preparing for the worst case scenario what is your sort of operating assumption about just how much worse it gets for the overall economy which is often an indication of of demand in general yeah okay if you use China as a guide it took about five weeks for their handset activations to resume to a more normal level now I don't think anyone thinks that the issue worldwide is going to be any less severe than what we saw in China but I think what happens with companies particularly big tech companies and we're certainly in this category we're very much focused on making sure that we're positioned well coming out of these situation so if you look at the technologies like five G. or the smart phones that that people are using really to get by during this environment we noted those are gonna continue to be important to people we know that maybe even more so given what the usage patterns that we've seen we we wanna make sure that we're prepared to take advantage of what will of what we think will be a pretty significant uptick on the backside of the situation so I think it's probably less less we're trying to figure out how long it's going to be at least right now and more to make sure that your organization continues to be strong during the downtick at least in terms of demand now for us we can see the higher we continue to add people in the areas of that that were driving five G. and that will continue we think through any length of time that we can envision interphalangal this this situation but only a little different situation and then perhaps some other companies just because we know that the technologies we're working on are going to continue to be important as we come out of it you you you survive printed my next question little bit but I want to dig a little deeper in terms of what your operations are looking like in the midst of the lock down how much of the company's operating as compared to normal sure we we went to work from home and essential personnel about moving over two weeks ago and we're going to extend that you need and we do that worldwide would extend the United States until the end of April consistent with the guidance that the president gave a few days ago in China it's they're they're different I think guidance given from the local local governments and were in compliance with that but what's happened is even given the the fact that the majority of our of the backseat of baskets already of our company is working from home we're continuing to make progress because of all of the we had already changed instrumented our labs so that you don't have to physically be in the lab to make a lot of progress so we don't expect nor do we see in the near term any indicators that would suggest anything other than we are on track for five G. deliveries you'll continue to take out new chips we continue to actually bring up blue chips and we can make progress on five G. it's it's remarkable actually the owner it's it's it's Justin tremendous amount of bandwidth being used to refer to the homes primarily for software engineers to make sure that we make we make progress we had like every tech company last week we had to figure out how to deal with the shutdown in India we figured our way through that I think most people have continues to do very well tremendous usage of of data into the home and into your mobile data to make sure we're we're successful Qualcomm CEO Steve Mollenkopf there is just some headlines crossing the Bloomberg terminal Dow Jones saying that Boeing will offer early retirement and buyout due to the virus it says it will announce those buyouts internally as soon as Thursday of course this is on the back of the card a virus outbreak which has all been really a painful for the airline industry motorist allies cutting capacity by about ninety or so percent now staying with aviation the aviation industry is one of the worst hit sectors by the global pandemic carries a massively cut back on capacity and in some cases such as Britain's easyjet have stopped flying all together even so Chinese airlines are striking a defiant tone at China and its peers have reported results and say they only see it as a short term issue let's get more on this from markets co anchorage has long moderation what's their argument what what what we got here is a look at China faces one of the most optimistic of these so called group of big three airlines in the countries in the colony remains on a steady growth policy but anything will do with a positive long term outlook integrated really disappointed to study the government's been killing like that he wrote in the greater bay area saying not so going to strengthen resilience in the Dimond aviation here as well I mean are trying to determine what is good when it came out with its earnings that statement saying the aviation market model range strong in the long run and the market potential is huge and it's not just them trying to extend China's southern closing the device of the school's streptococcal we've seen over the scene of the outlook as they say doesn't matter can remain calm September games based stop shy as any I suppose diet for calls here as well it's not just them other than as part of the levels of pretty delicious learning could lower cost carriers including Asia and indeed the group CEO Tony Fernandes along with is about an hour ago and he spelled out the longer term picture all right rich it's not just airlines feeling the pain as well as the playmakers too we just wrote those lines from Dow Jones same bowing to offer early retirement and buyer bios do this virus how's the situation affecting the lives of Boeing and Airbus rish well you know one of the strangest of the twists up that would see it complicated the grounding of this going seven three seven marks this one could be actually one of the strangest at this times that make is actually keeping regulators from being in the same room the same time of course not with a large schools flying certainly much much reduced schedule you we put the production and Boeing also could be detailed hugely here as well and many of the islands of the facility the planemaker has been suspended we got the FAA administrator Stephen Dixon the walking is a former ally PAS he declared that he will take the Max training course inside the plane themselves before the agency approves it but it's either a doctor can send in self protection is being a self imposed isolation after shaking hands with a member of Congress to take to protect the public since nineteen degrees closer quarters looking incredibly schools by the Negro bars on his isolation should end this week but it just shows how simple actions on Bender's entire process here that's true but burning house at the moment is this target to return this Ashcroft to service in the middle part of the year but to do so and the money for economical also the ultimate work from home challenge to target and harass your account satisfied with regulations that self isolating himself by signals on different continents we got at least one analyst from many is research predicting that that didn't produce not just tickle hurdle for the back needs of Max's return is at risk of sitting by another one to three months so that's we haven't just give me an idea what's been going on the Seattle area the end early at the center of the virus and burning it suspended production is John minus on transplants as of two weeks on September third March twenty fifth that's not the one where it died and dozens of other cells sake the company's kind it's an ATA cases among its global what posted a severity code among those the problems facing dying but on the other hand we have Chinese airlines and AirAsia as well confident about the longer term picture a shot thank you that's not what I want to work it's going on the phone there we got play more head this is Bloomberg economics are we still do you see this is a technical correction in the markets more seismically numbers surveillance tonight when you sell something because you need to sell and Jonathan Ferrell and the names that she the world's market statistical.

Tokyo
"steve mollenkopf" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:37 min | 1 year ago

"steve mollenkopf" Discussed on Bloomberg Radio New York

"Of Qualcomm and has run various divisions for the company including their semiconductor business he's been managing the product roadmap for the past decade so let's talk a little about leadership from the top of the company how does one go from being an engineer to a manager those seem like very very different skill sets yeah I you know it's it's may be the way to think about it is as an engineer especially if you're doing complex systems you have to learn how to manage teams because it cannot do everything yourself and maybe that's how the whole thing starts but I at least for me I think the success in my career was also do have this balance of understanding the technology because my engineering background because of my engineering experience but also understanding the business and I and I think once you want to do both you have both the business into technical understanding it's it's it's kind of easier for you to go to a manager role and be able to lead teams and make sure you know we have the right strategy would work in on the right things are doing the right products but you know I I also think that the unique personality things as well like the approach that I was took as I was in the make sure that the people on my team are are doing the thing they can do better than I can do myself it's about multiplying the ability for you to multiply your capabilities by having better people than you are you know doing the job and I think that that make good managers and I. N. N. and one of my recipes for successful thing Qualcomm we were very unique culture was very matrix in a way yes it's debility in to exercise leadership but also recognizing you know treating all the people my team my superiors and and and I think that's you get a little bit of that as working on the engineering teams and developing projects together so how does the role of president differ from that of chief executive officer the CEO of the company most off it's been there for quite awhile yes Steven I've been working together for a long time actually it was if you look of you know the Steve is the CEO Jim Thompson which is our CTO and it when I joined Qualcomm for the second time back in nine in two thousand four I was on the CDMA business Malenkov was in the U. N. T. S. business or the WCMA businesswoman for working for very very long time the way works today Steve as a CEO he has you know Alex Rogers which runs our licensing business you know reporting to Steve Mollenkopf and you can look at me as probably one all of the operating business of the company so all the other business of the company or under the president and I and I and I and I run them so it the president role within Qualcomm it's is the person responsible for the operating role of the management team so you guys now seem to have resolved all the outstanding issues with apple there was a fairly contentious lawsuit there was a hostile takeover attempts what was it like within the company when all this what was previously I think a pretty good relationship how did go off the rails and how did you eventually get resolved because a lot of their old mental we've been to a lot we have two years of unbelievable turmoil and I'll say it was a great opportunity for the company to to become stronger I think show the company's resilience specifically to your apple question yes we had our disagreements about you know leave the licensing of the value of the technology we would would produce as I told you before we we none of those standards will be possible none of the generations of Warners will be hostile Qualcomm technology we license for everybody to build but we want to you know get paid on intellectual property and and we stand by that principle but we're glad we'll resolve it and and the good thing about it is resolved in a way that is a win for apple win for Qualcomm we're back in business together we have a multi year agreement while working you know they and I to make sure they have a great you know iPhone or five G. technology and the business continues that's that's really interesting so you're at the top of the food chain and Qualcomm who do you turn to when you're looking for size you know when I need advice I talked to a lot of you know the other members of Qualcomm management team you know I also we have a good relationship of our board of directors or have a lot of experienced people on our board but I also have greats relationship to many seniors actors across our partners and customers and and many of those some relationships are helpful when you look at a different perspective on how to do things and you know I'm I'm somebody that really valuable relationships and also personal relationships and then I make full use of those coming up we continue our conversation with Cristiano Amon.

Qualcomm
"steve mollenkopf" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:55 min | 1 year ago

"steve mollenkopf" Discussed on Bloomberg Radio New York

"Infections worldwide one Christopher crew and I'm Susanna Palmer from Bloomberg world headquarters the corona virus continues to spread Spanish media reports hard hit Spain announced today the country will follow Italy and declaring a nation wide lockdown to slow the accelerating spread of the virus epidemic Spain reported a thirty six percent jump in new cases to five thousand seven hundred fifty three apple will close hundreds of retail stores outside of greater China until March twenty seventh apple has nearly four hundred sixty locations across the world outside of China including about two hundred seventy stores in the US CEO Tim cook said that all hourly employees at the closed stores will continue to receive normal pay recession or no recession that is the question investors in the US are asking after the wild week we had in the markets Bloomberg's own recession probability indicator based on signals from the yield curve shifted to show a better than fifty percent chance of an economic slump within the next twelve months as of the end of February with bonds far outperforming stocks since then it's clear that the markets now our position for a recession in the US this year but the moves made by the government and the federal reserve may soften the blow according to Michael Buchanan western asset management deputy CIO no doubt these are really powerful tail winds both coordinated the fiscal and monetary so yeah it's a it's an encouraging day for sure here's an unusual problem for unusual times the oil price war between the Saudis and Russia is set to unleash the biggest flood of crude ever seen perhaps more than the world can even store there are worries cropping up now about where to push all that will global news twenty four hours a day on air and on QuickTake by Bloomberg powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries I'm Susanna Palmer this is Bloomberg I'm very results you're listening to masters in business on Bloomberg radio my special guests today is Cristiano Amon he is the president of Qualcomm and has run various divisions for the company including their semiconductor business he's been managing the product roadmap for the past decade so let's talk a little about leadership from the top of the company how does one go from being an engineer to a manager those seem like very very different skill sets yeah I you know it's it's he may be the way to think about it is as an engineer especially if you're doing complex systems you have to learn how to manage teams because it cannot do everything yourself and maybe that's how the whole thing starts but I at least for me I think the success in my career was also do have this balance of understanding the technology because my engineering background because of my engineering experience but also understanding the business and I and I think once you want to do both you have both the business into technical understanding it's it's it's kind of easier for you to go to a manager role and be able to lead teams and make sure you know we have the right strategy would work in on the right things are doing the right products but you know I I also think that the unique personality things as well like the approach that I was took is I I was in the make sure that the people on my team are are doing the thing they can do better than I can do myself it's about multiplying the ability for you to multiply your capabilities by having better people than you are you know doing the job and I think that that make good managers and I. N. N. and one of my recipes for success within Qualcomm we were very unique culture was very matrix in a way yes it's debility in alto exercise leadership but also recognizing you know treating all the people my team or spears and and and I think that's you get a little bit of that as working on the engineering teams and developing projects together so how does the role of president differ from that of chief executive officer the CEO of the company Markoff has been there for quite awhile yes Steven I've been working together for a long time actually it was if you look of you know the Steve as a CEO Jim Thompson which is our CTO and it when I joined Qualcomm for the second time back in nine in two thousand four I was only she may business Malenkov was in the U. N. T. S. business or the WCMA businesswoman talking for very very long time the way works today Steve is the CEO he has you know Alex Rogers which runs our licensing business you know reporting to Steve Mollenkopf in you can look at me S. probably run all of the operating business of the company so all the other business of the company or under the president and I and I and I and I run them so it the president role within Qualcomm it's is the person responsible for the operating role of the management team so you guys now seem to have resolved all the outstanding issues with apple there was a fairly contentious lawsuit there was a hostile takeover attempts what was it like within the company when all this what was previously I think a pretty good relationship how did go off the rails and how did you eventually get resolved because a lot of their old mental we've been to a lot we have two years of unbelievable turmoil and I'll say it was a great opportunity for the company to to become stronger I think show the company's resilience specifically to your apple question yes we had our disagreements about you know leave the licensing and the value of the technology we would would produce as I told you before we we none of those standards will be possible none of the generations of wireless will be a hostile Qualcomm technology we license for everybody to build but we want to you know get paid on intellectual property and and we stand by that principle but we're glad we'll resolve it and and the good thing about it it was solved in a way that is a win for apple win for Qualcomm we're back in business together we have a multi year agreement while working you know then I don't make sure they have a great you know iPhone or five G. technology and the business continues that's that's really interesting so you're at the top of the food chain and Qualcomm who do you turn to when you're looking for size you know when I need advice I talked to a lot of you know the other members of local management team you know I also we have a good relationship of a board of directors so we have a lot of experienced people on our board but I also have grades relationship to many seniors actors across our partners and customers and and many of those some relationships are helpful when you look at a different perspective on how to do things and you know I'm I'm somebody that really valuable relationships and also personal relationships and then I make full use of this coming up we continue our conversation with Cristiano Amon discussing.

Christopher crew Susanna Palmer Bloomberg world Spain Italy
"steve mollenkopf" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:30 min | 2 years ago

"steve mollenkopf" Discussed on Bloomberg Radio New York

"Morning. I'm Nathan Hager. And I'm Karen Moskow. We are just about three hours away from the opening of US trading. Let's get you up to date on the news. You need to know at this hour. US futures are gaining following yesterday's fed related selloff chairman. Jerome Powell rejecting the idea that an interest rate cut is on the way, we do think our policy stance is appropriate right now. We don't see a strong case for moving in either direction. And fed fund future show. No chance of a rate hike for the rest of the year in about a fifty percent chance of a cut in December. We get another policy decision this morning this one from the Bank of England. Bloomberg's Lucy Meakin reports from London thanksgiving policymakers except to take a cautious approach to interest rate changes during the UK's Brexit delay with continued uncertainty. Outweighing the evidence of resilience in the economy. I'm only say officials will hold that benchmark at zero point seven five percent. Economists are on the lookout for evidence. The whole cash Tilton the minutes with something one of the nine officials pushing for an immediate hike. London Lacey may can playback daybreak lets you thank you on the earnings frontiers at BNP para more than three percent, the French lender reporting the biggest fixed income trading jump of all US and European banks in the first corner shares of role that Sheller up more than two percent. First quarter earnings beat even the highest analysts estimate has its natural gas business led a strong performance. Volkswagen. Shares are up more than four percent. The German car maker said. That will meet its annual earnings goal despite a global market slowdown here in the US. Qualcomm shares are down more than two percent following its earnings report. We get more on that from Emily Chang and our nine sixty newsroom in San Francisco, the chipmaker disclosed, and it's quarterly earnings report that the iphone maker will pay them up to four point seven billion dollars. That's less than the seven billion dollars. Qualcomm claimed apple road in legal documents, excluding this one time payment the revenue forecast for the current quarter fell short of analysts estimates, Qualcomm CEO Steve Mollenkopf told Bloomberg that's in part due to weaker demand for smartphones expected in China in San Francisco, I'm Emily Chang. Bloomberg daybreak heavily. Thank you shares of square down more than six percents company gave a disappointing forecasts for second quarter revenue as its cash. Register and payments processing businesses see increasing competition. Now, let's get you have to date in how stocks are faring. We check the markets every fifteen minutes throughout the trading day on Bloomberg s and p futures are up five and a half points. Dow futures up twenty five. Five NASDAQ futures up twenty two the Dax in Germany's up two tenths percent. Ten year. Treasury down six thirty seconds yield two point five two percent.

US Bloomberg Qualcomm Emily Chang San Francisco Nathan Hager Karen Moskow Jerome Powell Bank of England Volkswagen Lucy Meakin London Lacey London chairman Germany Sheller UK
"steve mollenkopf" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:58 min | 2 years ago

"steve mollenkopf" Discussed on Bloomberg Radio New York

"Street. Good morning. I'm Nathan Hager. And I'm Karen Moskow. We're just about four hours away from the opening of US trading. Let's get you up to date on the news. You need to know at this hour. US futures are gaining following yesterday's fed related selloff chairman. Jerome Powell rejecting the idea that an interest rate cut his on the way, we do think our policy stance is appropriate right now. We don't see a strong case for moving in either direction. Future show. No chance of a rate hike for the rest of the year and about a fifty percent chance of a cut in December. We get another policy decision this morning this one from the Bank of England. Bloomberg's Lucy Meakin reports from London policymakers look set ticket cautious approach to interest rate changes during the UK's Brexit delay with continued uncertainty. Outweighing the evidence of resilience in the economy. Say officials will hold that benchmark at zero point seven five percent. Economists are on the lookout for evidence. The whole cash Tilton in the minutes with some saying one of the nine officials pushing for an immediate hike in London Lacey making Bloomberg daybreak lacy. Thank you on the earnings front. Shares of BNP Param are up more than three percent. The French lender reported the biggest fixed income trading jump of all US and European banks in the first quarter. Shares of Royal Dutch Shell are up more than two percent. First quarter earnings beat even the highest analysts estimate as it's natural gas business, led a strong performance Volkswagen. Shares are up more than four percent. The German car maker says it will meet its annual earnings goal despite a global market slow down here in the US. Qualcomm shares are down four percent following its earnings report. We get more from Emily Chang from our nine sixty newsroom in San Francisco. The chipmaker disclosed in its quarterly earnings report that the iphone maker will pay them up to four point seven billion dollars. That's less than the seven billion dollars. Qualcomm claimed apple Odin. Legal documents excluding this one time payment the revenue forecast for the current quarter fell short of analysts estimates CEO Steve Mollenkopf told Bloomberg that's in part due to weaker demand for smartphones expected in China in San Francisco, I'm Emily Chang. Bloomberg daybreak. Right. Emily. Thank you shares of square down more than five and a half percent. The company gave a disappointing forecast for second quarter revenue as its cash. Register and payments processing businesses see increasing competition right now futures are moving higher s and p futures are up nine points. Dow futures up sixty five NASDAQ futures up thirty Dax in Germany is up a third of upper sent the CAC in Paris is down a third of upper sent and the footsie one hundred is little change ten year treasury down eight thirty seconds yield two point five percent yield on the two year two point three two percent. And NYMEX crude oil is down one point one percent or sixty eight cents a sixty to ninety two a barrel. The euro one point one two eight against the dollar straight ahead. We have the latest. World and national news. And this is Bloomberg. Thank you. Karen? It's five thirty three on Wall Street time to bring in Michael Barr to find out more of what's happening around the world. Michael. Thank.

Bloomberg US Emily Chang Karen Moskow Qualcomm San Francisco Nathan Hager Michael Barr Jerome Powell Royal Dutch Shell Bank of England London Lacey Lucy Meakin Volkswagen London chairman UK
"steve mollenkopf" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:47 min | 2 years ago

"steve mollenkopf" Discussed on Bloomberg Radio New York

"Herron Singapore. Juliet sally. And I'm Doug krizner at Bloomberg interactive brokers studio in New York, so we've got trading underway now in Hong Kong after a holiday yesterday. Hang sang is essentially flat. And in Seoul, the kospi better by about one half of one percents Korea also online after a holiday yesterday. Meantime, in Sydney, we've got a little bit of weakness in the ASX two hundred down about six tenths of one percent, deeper dive into markets in a moment after Juliet. And I get you caught up on this hour's top business stories, and it's all about the fed the interbank saying evidence if we can flation may be temporary. That's one of the reasons Chidgey Powell seems to be on the fence about an interest rate hike or Akash we've just come through a two day meeting and we've done a deep dive on economic and financial conditions at the United States and around the world and thought about our policy, and we do think our policy stance is appropriate right now, we don't we don't see a strong case for moving in either direction. The fed did announce though h. Will lower the regime one of the tools used to influence the fed fundraise. Now, this is the right on excess reserves and Powell's a small technical adjustment. Speaking of borrowing costs, it may be easier to get a cheap loan in China. If you are a member of the communist party more from Bloomberg's Yvonne man, I new local government program in China is rewarding companies with balance-sheets in the green. But a political affiliation. That's red. Local officials say these Lowe's to companies that enthusiastically support the communist party a part of an effort to fund more credit to officiant private companies, but some critics including Michael Spencer of Deutsche Bank here. In Hong Kong say it's not obvious that being familiar with Xi Jinping. Thaad makes a firm more economically efficient push for more red loans could undermine progress and the government's drive to curve, but as you'll leverage in Hong Kong, I'm Yvonne man, Bloomberg daybreak Asia. The komo's department is starting a probe into imports of Chinese. Ramic tile. It's looking at where the Chinese companies dumping the product in the US one thing that's looking at is whether produces in China at getting unfair subsidies. Meanwhile, the White House says U S China trade Tokes zeroing in on structural issues and rebalancing US China trade Treasury Secretary Steven Mnuchin calling this week's meetings in Beijing productive negotiations will continue next week in Washington. Well, details are emerging on how much money apple will be paying Qualcomm after these two companies settled a legal battle that span. Two years. That settlement was reached last month. You'll recall we have details from Bloomberg's Emily Chang in San Francisco. The chipmaker disclosed in its quarterly earnings report that the iphone maker will pay them up to four point seven billion dollars. That's less than the seven billion dollars. Qualcomm claimed apple owed in legal documents excluding this one time payment the revenue forecast for the current quarter fell short of analysts estimates, Qualcomm CEO Steve Mollenkopf told Bloomberg that's in part due to. Weaker demand for smartphones expected in China in San Francisco, I'm Emily Chang, Bloomberg daybreak Asia. And in the late session. We had Qualcomm shares down about three percent Juliette. Well, Samsung jumping into the home building business MO from Bloomberg's Denise Pellegrini. De Electric's maker is hoping that making the homes will help it unlock the market for the smart technology at wants to put in them. This includes Samson's personal assistant Bixby which can show you what's in the fridge along with an Alexa feature controlling lights and the speaker developed by never that recommends music and TV Samsung software overlays the competing products with a unified control system, and the South Korean company may someday be able to analyze all the incoming data to refine its own internet of things development at tries to develop things like a mirror that can analyze your health, a bathtub that fills with your commute home and lights that either help you amp up the energy or calmed down. Denise Pellegrini, Bloomberg daybreak Asia. So many of the markets in Asia that were on holiday. Day yesterday. I have returned to action. I'm thinking Taiwan. I'm taking Singapore, South Korea and Hong Kong few exceptions, though mainland. Chinese markets will be closed for the remainder of the week. And of course, Japan is on holiday through Tuesday of next week right now in Hong Kong hang sang is up three tenths of one percent. In Seoul, the kospi better by about a half of one percents and in Sydney little bit of weakness coming through we're down there in the ASX two hundred by about six tenths of one percent equities in the states drifted lower. We had the fed to contend with. Now, the statement from the fed after the meeting concluded indicated an emphasis on subdued inflation. Obviously, the fed left rates unchanged and reiterated the posture of being patient. Those were pretty much discounted already. But what was a bit surprising was that during the press conference fed chair? Jay Powell said low inflation is transient that seemed to take the equity market to new lows on the session with the Dow and the NASDAQ each down about six ten. Of one percent, the S and P five hundred dropped eight tenths of one percent. And in the bond market, the US ten year treasury last quoted in the New York session, just under two point five zero. No trading in Tokyo, obviously in US sovereigns because of the holiday and WTI crude oil after slumping in New York on that inventory data. We are now at sixty three sixty six in the electron accession. I'm Doug krizner at Bloomberg interactive brokers studio Juliette well after his testimony before the Senate US attorney general William by has decided not to testify before the house Ed Baxter covering global news in the Bloomberg nine sixty San Francisco newsroom. Ed. Juliette questioning today got brutal. It was under Republican control on the judiciary committee. The Senate the house committee roles and staff attorneys doing some of the questioning tomorrow and after the testimony today, Mr. bar has decided not to attend more on that in a moment. Now today, his defense of his not finding obstruction of Justice was premised on the fact that the president asked attorney, Don Mcgann to fire Robert Muller, but not to end the investigation in terms of the requests to ask again to memorialize. That fact, we do not think in this case that the government could show corrupt intent beyond a reasonable doubt. And Barr says he finds the whole proceeding mind-bending Lee bizarre because I made clear from the beginning that I was putting out the report is much of the report as I could. And it was clear it was going to take three weeks or so maybe four to do that. Well, now, the Justice department is Juliet has looted- to says, Mr. VAR will not appear before the House Judiciary committee tomorrow chair, Jerry Nadler convenient nine.

Bloomberg Hong Kong Taiwan fed Asia Qualcomm United States Bloomberg interactive brokers Chidgey Powell Juliet sally Seoul ASX New York San Francisco Doug krizner Juliette Sydney Herron Singapore Bloomberg interactive communist party
"steve mollenkopf" Discussed on MacBreak Weekly

MacBreak Weekly

01:51 min | 2 years ago

"steve mollenkopf" Discussed on MacBreak Weekly

"Now, we're done talking guy stuff. You notice I left that ran for that. Did you? Actually, it's it's really the it's this ad is really for women to tell their guys. Dude. Apple and Qualcomm, the trial began yesterday with jury impaneled -ment, according to CNBC this came out just a few minutes ago. They've settled they announced at a press release. The settlement includes a payment from apple to Qualcomm as well as chipset supply agreement which would be a great relief for apple maybe not so much for Intel but apple has been having trouble. Getting those Qualcomm chips went to Intel Intel have a crash program to make the radios and so forth. Apple stock up less than one percent. Qualcomm to check that again, though, this is this is an old story. Now, Qualcomm up thirteen percent. This was one of those things that could have gone on for a decade more. It was ugly. It was there were billions of dollars in claims in both directions. In November, Qualcomm CEO. Steve Mollenkopf said he thought the two companies were on the doorstep to a settlement. Tim cook said, nah. Where are you again? So the full press release is short. I will read it in its entirety. Now, do not go get a sandwich. Qualcomm and apple today announced agreement to dismiss all litigation all negation between the two companies worldwide. The settlement includes a payment from apple to Qualcomm. The companies have also reached a six year license agreement effective April first twenty nineteen including a two year option to extend an a multi-year chipset supply agreement, and that's it..

Qualcomm Apple Intel Tim cook CNBC Steve Mollenkopf CEO thirteen percent one percent six year two year
"steve mollenkopf" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:25 min | 2 years ago

"steve mollenkopf" Discussed on Bloomberg Radio New York

"The need. Now. There's still some goodwill was interesting when you were kind of following questions that they were asking potential jurors. There's some people who love apple own a bunch of their stocks. Some people have friends who worked at Qualcomm and appreciate the technology. It's it's a balance. I think that you know, Qualcomm is definitely going to try to take advantage of of that hometown goodwill and illustrate themselves as an innovator that deserves to be paid at this point. We're talking less than ten dollars per per iphone. So when you're thinking about the air of the thousand dollar iphone, it doesn't seem that unreasonable to juror. I don't think so I sat down with Steve Mollenkopf at the end of us here. And he said something that surprised me which was that. He still expects to work with apple after this take a listen to what he told me. I think there's probably no better opportunity and partner for Qualcomm than to work with apple. It makes sense that the technology leader in mobile should be partnered with the product leader in mobile tends, those things tend to work out. But the way that we think about the businesses eventually you get the disputes figured out, and you move on to a different period, and I hope to be in that period. According to the schedule we've already laid out. And what are the chances of these companies working together after this bitterness? You'd be surprised. I mean foam many times we see these knock down drag out fights in for example, sudden you find some some tonight phone so particularly in this case, the two companies which kind of really need each of. What is really good at is. What apple will, you know, maybe next year, maybe the year after need if supplies count close got with Qualcomm left pot of what's going on. Here is the fact is this showdown preventing apple from moving to five. GB Qualcomm has the licensing has technology for five G that apple will need if it wants to move to five G. Qualcomm is is by far the leader in terms of developing five naval chips in in the US. Hallway is kind of the other counterpart from a global perspective. There was the drama about the central Bronco takeover. And protection of Qualcomm over the concern that they're in the lead of research and development in the space. So is actually slowing implementation of five G. I think if you asked a network person that questioned they say, look everything that's five G now is kind of a false five G. So we may have a generation or two of I phone before it really would be impactful. So I would give it another year. Tune. If the dispute moves on the problem that apple of made the fool and successfully day was slow to three D slow to food that it didn't matter because the networks didn't come in quickly enough for the other companies to cause them pain. This is making this time as well. All right. Well, you'll both keep us posted especially you. And thank you so much in king for Bloomberg Matt Larsen Oshii. Partners. Thank you so much for stopping by. Meantime, Foxconn has confirmed that it will begin mass production of the iphone in India this here Foxconn chair, Terry. Go said that India's prime minister has invited him as the Taiwanese company plans. It's expansion in the country while apple has produced old phones in Bangalore for years. It will now expand manufacturing more recent models. This is India becomes the fastest growing smartphone market in the world while China stagnates an apple loses share to local competitors. Like pot way coming up later this month.

apple Qualcomm G. Qualcomm Foxconn India Steve Mollenkopf partner Bangalore Bronco Matt Larsen Oshii Terry prime minister China US Bloomberg five G thousand dollar ten dollars
"steve mollenkopf" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

10:30 min | 2 years ago

"steve mollenkopf" Discussed on Bloomberg Radio New York

"Every fifteen minutes here on Bloomberg radio at one minute into the equity market, opening Europe. And looking at how the stock six hundred is performing off to three days of being in the green where opening dead flats awaiting for a bit of direction Alyce right now as this market gets going. I'll get to the regional indices in a sexual give them a few minutes to warm up in tons of US equities. We went we broke through that twenty nine hundred level for the first time in six months on the S and P five hundred closed on Friday with a one percent of a record high. Why will you did see the banks outperform to some extent? But actually when I was digging into the function on the Bloomberg. Yes, the banks did well, but even better you saw some of these commodity chemicals companies and oil and gas companies doing well. So that tells you that maybe the China data had something to do with the S and P five hundred rally on Friday. And also the big. Run-up we've had in oil over the past six weeks, the all rally taking a little bit of a breather today. WGN sixty three spots sixty five off by four tenths for percent. Brent crude at seventy one spot forty seven off just a little WTI is off just a little more after that Riggs data from Baker Hughes came out. That's what's feeding into bit of softness into the oil price today. But to get back to these regional indices in Europe, you the Footsie-100 up ten percent, the CAC forty trades flat. The Dax opens flat as well. The ibex footsie may more firmly in positive territory. So we're struggling for direction of bit with a little bit of a bias to the upside in terms of how US futures a setup is the rally gonna take a pause. The futures giving the indication yes at the moment S and P five hundred Emmys dead flat and along with the equity market rally that we had on Friday for the S and P five hundred. We saw the ten year yield jumped some six basis points. Where study today we trade on to fifty six hundred on the US tenure yield the tenure Boone deal was also taken firmly into positive territory five basis points is where we trade on the bundled. Right now, not moving much right now and one point two one percent on the guilt yield. So we really did see a lot of these yields move higher along with rally in risk assets. So that's how we were set up on Friday was sort of holding that in today's session. Let's look below the surface and see what stocks are watching this morning. Bloomberg stocks reporter, Joe eastern is with us in the London studio. Joe great to have you with us. So you'll kicking off with publicize. Yes. Oh publicist the French company. They've announced a four point four billion dollar deal to buy Epsilon, which is the data and marketing component of alliance state Corp in the US. So it's a big deal here four point four billion dollars. And it's really part of that push to move further away from traditional advertising like television. I'm building and move into the online and social media marketing space, and and it's also worth noting. However that in order to do this deal. They've had say that they've suspended their share buyback program center of. The actual how funding the deal it's not all positive, and, but they do say that the deal will be secretive within a few years and in terms of their earnings at the moment, they're saying that the Asian markets really booming for policies, and perhaps making up for some of the losses in the European North American market. But those shares this morning opening up around one point eight percent. So I think most of the attention is coming into these comments. They say that will add to their EPS within two years, which is very positive for publicists and looking into the industry groups on the stock six hundred banks are up top in terms of the outperformance closely followed by media and publicity is part of that. But also the Vendee so a couple of things to talk about here. We've got the quarterly sales gain. But also, there's an annual meeting today where there's going to be some focus on activist investors. Yes. So this one of the companies has been big focus of activism, but I think what the big thing from the report, Dave, you mentioned is that the Universal Music Group is doing really really. Well, and the revenue for the company for Vendee was driven by that that department they're actually looking to sell that unit half of that unit at least and that could be expected to around ten billion dollars. So it's a big would be big sell for them. So that could be a key folks of the meeting stay whether that will help them to possibly attract better bits for the unit. The stocks risen about twenty five cents since the they announced that they were viewing the options for Universal Music Group. And I'm seeing the shares up around zero point six percents when it's not a huge gain. But again, a lot of focus in that meeting later. He said with the activists pressure there. Yeah. And let's finally talk about Daimler. What's the story there? Yes. It's another negative emission cheating story for Daimler. They're saying in a newspaper report that there was a software in one of the Mercedes diesel models that the company allegedly removed as investigations we're going on Dharma has denied this. But we things negative pressure in the shed smuggling down around half percentage point. And it continues the theme of emission cheaters within the industry. But again, the companies king to deny this report. So we're waiting to see what. Further. Evidence comes out from that story. Thank you so much for joining us in the studio Joe eastern on Bloomberg stocks reporter with our stocks to watch. Now, let's turn to our top stories starting with the US president saying the stock market would be five thousand ten thousand points higher. If it weren't for the actions of the Federal Reserve, this is Donald Trump's latest attack on the central Bank. It comes as his two recent picks for the fed have come under fire. Several Republicans have now indicated former pizza executive Herman Cain may not be able to win confirmation in the Senate. And meanwhile, ahead of those comments from Trump European Central Bank president Mario Draghi took the rest at of weighing in on the hot debate over whether the president is undermining the independence of the Federal Reserve speaking to reporters at the IMF meetings in Washington druggy said on Saturday. He was quote, certainly worried about central Bank independence, and especially in the most important jurisdiction in the world. Turning to trade today marks the start of Japan's first round of bilateral trade talks with President Trump's administration. Bloomberg's Isabel Reynolds has the story from Tokyo, economy minister, Toshimitsu morteki and US Trade Representative Robert lighthizer a likely to discuss the scope of the talks at that meeting in Washington on Monday and Tuesday access to Japan's market is likely to be on the agenda, but it remains to be seen whether the US will seek to curb Japanese auto imports in Tokyo Isabel Manos, Bloomberg daybreak Europe, just to note that by the way, we've really seen Japan actually outperforming in today's equity market session in Asia with the Nikkei a closing higher by one point four percent. The topics up by one point four percent. And generally we've seen some risk on in these Asian markets a little bit of weakness coming through in some of these Chinese stocks now, but we did see quite a positive reaction generally to China data that we had on Friday Asian equities picky up that bat on from what we saw in Friday's trading in European and. US equities. Now. Meanwhile, according to Treasury Secretary, Steven Mnuchin, the US is open to facing quote repercussions. If it doesn't live up to its site of a trade deal with China. This is the latest sign the two sides are edging closer to an accord to end the trade war. Mnuchin says the US and China are discussing whether to hold more in-person meetings to finalize the agreement and embrace it news, both Theresa May's government and the opposition labor party agree on at least one thing that their talks represent the best chance of ending months of deadlock. Bloomberg's rob Hutton reports over the weekend spokesman for both sides of the discussions, which resume this week could deliver away out of what Labor's ending McDonald called this long and awful process. David Livingston maze. Defacto deputy. So the government it would be possible to get the benefits of customs union which later ones, but still have an independent trade policy a aqui conservative demand. But Formato leader in Duncan. Smith was unimpressed he called on may to get Britain out of the EU at once and then quit in London. Robert Hutton, Bloomberg daybreak. Era. Cable trading up to ten percent in today's session. So highest slightly for a second day. One thirty eighty seven now in corporate news this morning. The apple versus Qualcomm five week trial kicks off today in San Diego, California as Bloomberg's Ed Ludlow reports, the verdict could have big implications for the smartphone giant and its chipmaker. The jury has two issues to consider Qualcomm charges. Apple three percent royalties on the net price of every iphone sold. In return. Apple gets access to crucial technology. The question is whether Qualcomm is abusing its dominant market position with that demand. Apple ended supplies have also been withholding payments to the chip maker since two thousand seventeen. So the jury needs to decide whether apple os, Qualcomm, billions in damages for the missed payments. Apple's CEO, Tim cook is expected to testify and talk Apple's business and other technology partnerships. Qualcomm CEO, Steve Mollenkopf is also due to appear in San Francisco. Ed Ludlow, Bloomberg daybreak Europe. Those are your top stories now for the latest in global news. Here's Leon guarantee. Am good morning, Nara. Look set to get a more left-leaning government after the social Democratic Party emerged as the winner yesterday and the tightest election in memory, boom, bugs eleo colas says voters rejecting years of steady departmental faces tough and lengthy lengthy tools to put together a cabinet after the ultra nationalist Finns party emerged as the second. Biggest seizing these fabulous moments conservative national coalition for the first time various coalitions are now possible in Helsinki. Bloomberg daybreak Europe. French president Emmanuel Macron will address the nation later attempts to still feel discontent elevates protesters once again took to the streets over the weekend to vent their frustration. Bloomberg's Greg the squeezy has more personal crawls big on national TV PM till they I would measures hill and act following. National debate organized to allow the French to vent their grievances. You should see some tax cuts maybe an increase in pensions as well. As efforts to improve services and small town, France the question, of course, is whether it will be enough to satisfy the anger the yellow vests have revealed in Paris, Gregory screws EA, Bloomberg daybreak Europe. The US is ready to apply new sanctions on Venezuela's leadership. That's according to secretary of state, Mike Pompeo who was calling on nNcholas majority willing quick power. We've made clear that all options are on the table. And you watch you watch the political and diplomatic news..

Bloomberg US Europe apple China Qualcomm Federal Reserve President Trump Vendee Universal Music Group Joe eastern Daimler WGN president Alyce reporter Steven Mnuchin Ed Ludlow
"steve mollenkopf" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

09:00 min | 2 years ago

"steve mollenkopf" Discussed on Bloomberg Radio New York

"Radio. Asian stocks kicking off the week mostly on a positive note after earnings came out an impressed investors. Plus Chinese economic data ease concerns about a slowdown in global growth leaving the region shares on course, for fresh six-month six-month-high, we are looking at if I take a look at Asia Equity index is really really strong gains topics and Nikolai both up almost one and a half percent in Japan. The hang Kong hang sang on Hong Kong gaining just about half a percent of the CSI three hundred on the mainland up one point two percent. And elsewhere with the exception of a couple of indexes we have all green arrows. So the cause Dak is down a quarter percent. Asx two hundred down one tenth of one percent, but otherwise gains everywhere in Asia. Asia and gains in European futures. As well footsie futures are up a quarter percent. Dax futures are up almost as much a little bit more than two tenths of one percent. And we're seeing kind of a mixture in US stocks, but it's very early in the session there, and they typically tend to take a bit of a sign from what happens in the European trade in terms of other risk indicators this morning the ten year yield at two point five five per cent. So it is up over two and a half percent right now. And we we did see some new handles and currencies as well. I was excited last night. When I looked and saw a US dollar could buy fully one hundred twelve yen off the one eleven handle for just a moment. We're back down to one eleven nine. And I saw the euro over a one thirteen still hanging up there. One thirteen seven currently the pound trading of one thirty ninety three. Crude oil is going to be an interesting story this week, and it's been gaining for six weeks in. A row after laxed last week's gains giving up a little bit of ground today, but still relatively high levels of Brent trading at seventy one dollars and thirty four cents a barrel. Nymex crude trading at sixty three fifty seven right now. And then finally want to mention bitcoin still holding above five thousand dollars right now five thousand one hundred seventy nine dollars eighty eight cents. So if you're interested. You'll be excited about that. And if you're not interested, you're probably unhappy people, either love, bitcoin or absolutely hate it. And I guess that's just the way it is with I there are hardly any the assets like that. But this is definitely one of them. Let me get to your top stories this morning. The US president says the stock market would be five thousand ten thousand points higher. If it weren't for the actions of the Federal Reserve, this is Donald Trump's latest attack on the central Bank of comes after his two recent picks for the fed of come under fire. Several Republicans have now indicated former pizza executive Herman Cain may not be able to win confirmation in the Senate. Of course, he's not just a pizza executive. He did actually work in the Federal Reserve system in the nineties, and he definitely ran for president you probably well, if you're an American you can't forget that with the nine nine nine tax plan in two thousand and. Twelve. Meanwhile, ahead of those comments from President Trump European Central Bank, president Mario Draghi took the rare step of weighing in on the hot debate over whether the president's undermining the independence of the Federal Reserve speaking to reporters at the meetings in Washington Draghi said on Sunday, he was quote, certainly worried about central Bank independence, and especially in the most important jurisdiction in the world. So this is the kind of thing that maybe keeps Mario Draghi up at night. Let's cross over to Singapore. Where Wes Goodman from the markets live team joins us. Wes. Good morning to you. Let's get back to that tweet from President Trump first off he said stocks could be five thousand ten thousand points higher. How realistic is that? Hi, good morning. Good morning everyone. You know, President Trump trouble talking about the Dow Jones industrial average. So I got out the calculator. First thing this morning and figured out that a gain of ten thousand points would be a gain of about forty percent. So that's you know, you could call on the aggressive side. What what is very true was that the S and P five hundred is only about one percent away from a record high and JP Morgan reported strong earnings last week. As far as banks. Go we've got Goldman Sachs and CitiGroup reporting today, so knows very realistic to think that. S and P five hundred can can go to a new record and beyond this week. Interesting. And it's certainly been this shouldn't have been rallies and other asset classes to watch as well. I mentioned oil earlier what's the outlook for Chinese markets. After Reuters reported the US is tempering its demands on China's industrial subsidies. Yeah. There is you mentioned earlier stocks rallying, of course there. They're off their highs. But they're still having a good day. I think what what's more interesting is that bonds are just absolutely getting creamed in China. You know, there's improvement in the economy that that means that there's not so much demand for for haven securities. There's not so much need for the PVC to to do things to support the economy. We had good data on credit last week. Now, we have positive news on the trade talks. So. So everything is sort of just stacking up to help stocks hurt bonds. All right. Well, thanks very much for joining us. Wes Goodman from the markets live team for more on the blog. You can just type in L I, go to get all of the work that west in his colleagues do very important stuff. Really makes it much easier to to kick off the trading day. Let's get back now to trade. The US is open to facing quote reprecussions. If it doesn't live up to its side of the trade deal of China. That's according to Treasury Secretary, Steve Mnuchin makes sense. This is the latest sign that the two sides are edging closer to an accord to end the trade war. Mnuchin says the US and China discussing whether to hold more in person meetings to finalize the agreement. Meanwhile today marks the start of Japan's first round of bilateral bilateral talks with President Trump's administration. Bloomberg's Isabel Reynolds has the story from Tokyo, economy minister Toshio. Tikki and US trade. Representative of at nighttime unlikely to discuss the scope of the talks at that meeting in Washington on Monday and Tuesday accessed pans from is likely to be on the agenda, but it remains to be seen whether the US will seek to cook. Japanese auto imports in Tokyo, Isabel monocytes, Bloomberg daybreak Europe. And in Brexit news today, both Theresa May's government and the opposition labor party agree on at least one thing that their talks represent the best chance of ending months of deadlock. Bloomberg's rob Hutton reports over the weekend spokesman for both sides said the discussions, which was this week could deliver away. What Labor's unday McDonald cold this long and awful process, David Livingston may deputy. So that the government believed it'd be possible to get the benefits of accustomed union which later ones, but still have an independent trade Posey a key conservative demand. But full Matori leader Iain Duncan Smith was unimpressed. He called on may to get Britain out of the EU at once and then quit in London. Robot health, daybreak Europe. And in corporate news this morning. The apple versus Qualcomm five week trial kicks off today and San Diego, California as Bloomberg's at Ludlow reports, the verdict could have big implications for the smartphone giant and its chipmaker. The jury has two issues to consider Qualcomm charges apple three percents royalties on the net price of every iphone sold in Britain. Apple gets access to crucial technology. The question is whether Qualcomm is abusing its dominant market vision with that Dimond. Apple ended supplies have also been withholding payments to the chip maker since twenty seventeen. So the jury needs to decide whether apple os, Qualcomm, billions in damages for the missed payments. Apple's CEO Tim cook is expected to testify and toll cop Apple's business and other technology shifts. Qualcomm CEO Steve Mollenkopf is also due to a pay in San Francisco at Ludlow, Bloomberg daybreak Europe. And. Tesla is or Ilan mosque. I should say is in hot water again. He has posted another tesla production forecast. And it's reminiscent of the one that landed him before federal judge earlier this month, the chief executive of tesla wrote the company will make more than five hundred thousand cars in the next twelve months. This comes as Musk's lawyers are negotiating with the SEC over an agreement that puts controls on the billionaires tweets, let's get overly unguaranteed now.

US President Trump president Bloomberg apple Federal Reserve Qualcomm Wes Goodman Asia Europe executive Japan Mario Draghi Hong Kong Tesla Asia Equity Tokyo Kong
Apple, Qualcomm And Steve Mollenkopf discussed on BTV Simulcast

BTV Simulcast

00:40 sec | 3 years ago

Apple, Qualcomm And Steve Mollenkopf discussed on BTV Simulcast

"Has these disputes? Are there any updates on those disputes Qualcomm executive said, no there are not basically what they have said about apple is is still true now. However, they said that they expected within twenty nine thousand nine there will be some sort of a resolution with apple on the question of whether to pay these massive amounts of. Licensing fees. Steve Mollenkopf said that whether it's through negotiations settlement that they have with apple outside of court or weather through litigation. There'll be some sort of a resolution, and then there was also the question of what would happen to demand for Qualcomm chips

Apple Qualcomm Steve Mollenkopf Executive
Mets, Bloomberg and Editor discussed on Masters in Business

Masters in Business

06:00 min | 3 years ago

Mets, Bloomberg and Editor discussed on Masters in Business

"That's forty four billion dollar bid to acquire rival XP and what, would have been, the largest ever deal in the chip industry the aborted, takeover maybe the highest profile victim yet. The trade spat between China and the United States with every other relevant jurisdiction in, the world clearing the big months ago while trying to deny its decision had anything to do with trade tensions Qualcomm CEO Steve Mollenkopf seem to disagree Brought to move forward without annex p what the difficult one continued uncertainty overhanging such a large acquisition introduces heightened risk we weighed that risk against the likelihood of a change. In the, current geopolitical environment which we Now this, Bloomberg. Sports update just three days before baseball, trading deadline and the Mets were busy on. Friday before their game against Pittsburgh the Mets traded second base spent a struggle, Cabrera to Philadelphia for double a pitching prospect Franklin the beds also signed journeyman outfielder Austin Jackson and, designated Matt den Dekker for assignment and then there was a, game to play the Mets lost to the pirates five to four snapping, their winning streak at three David freeze drove in all five runs for Pittsburgh including game winning single in the bottom of. The ninth freeze win three for three. With two walks including a Homer off of Mets starter. Jason Vargas in the second inning, Vargas making his first start since June nineteenth allowed three, runs and four. Plus innings ten Peterson took the loss and relief Michael Conforto homered with two one in the first inning his fourteen th of the season the Yankees and Kansas City Royals were postponed by. Rain a Yankee Stadium the game will be made up as part of the day-night, doubleheader later Today I game at one zero five second game at seven oh. Five Luis Severino and see, savannah scheduled to pitch both ends of the double header the, Red. Sox beat the twins four three intending, tendons down five games ahead of the Yankees. In the American League east elsewhere in the American League Cleveland over Detroit eight, three was Toronto ten the White Sox five Texas over Houston eleven to two and Baltimore rounded Tampa, Bay fifteen to five National League max Scherzer eleven strikeouts Washington, over Miami nine to one Cincinnati Thompson sixty four the dodgers over the, Braves four to one and Saint Louis down the cubs five two two well the jets open training camp on Friday without. Rookie cornerback Sam darnold in the fold. The two sides remain at an impasse over guaranteed pay. And case darnold is cut by, the team and great news from giants camp has general, manager Dave Gettleman. Announced that his cancer is now in complete remission will the Bloomberg sports Update I'm Tom Rogers I'm Barry ritholtz you're listening to masters in. Business on Bloomberg radio my extra special guests this week. Is rob are not he is the founder and chairman of research affiliates which manages assets using their strategies of over. Two hundred billion dollars the firm is, located. In Newport Beach California let's. Talk about a study you did way back when looking at the s. and, p. five hundred index which theoretically is a passive and we'll put a footnote on exactly what passive means you found from nineteen eighty. Nine to twenty seventeen the last year there was a full year of. Data available stocks editor the index underperform those that were kicked out by an average of twenty three percentage points over. The ensuing twelve months that's not a. Bad, gap in return. Oh my goodness It's amazing so so what are the implications of this and what does this mean about the stock picking acumen of the editors on the committee of. The SNP index who select the stocks that go into it I. Don't fault the index committee for the way they make. Choices they're under their clients are the people who licensed the index right and the people who licensed the index want. The index to include all the names, that. Are hot beloved and our. Embarrassing not to have in the index if there's a stock that has been, brutalized unloved dirt cheap and nobody wants said it's embarrassing to have it in the index of course they're gonna take those out now. What happens is two things firstly they announced a change and they announced. The date the change will take effect that gives the index funds a grace period in which to trade where they're. Going to move those stock prices and. Those, stocks will Still be in the index so they won't create a performance drag their everybody please front runner trades well there's a. Hedge fund community that does exactly that so, the, trades are, made the positions built, and then given over to the index funds. On the, effective date. Preferably atr near. The close the stocks added when. You, compare them with the discretionary deletions deletions that aren't. Related to corporate actions outperformed by nearly nine percent during that grace period so in index funds say we don't move stock prices with our trading that's that's rubbish They let other. People move it on their behalf and they could say oh look we haven't moved this well there's that and then there's also the simple fact that the ads beat the discretionary deletions by nine percent during a period of days well that's a big move so you. Also have. A part of that twenty three percent return, difference, in the. Subsequent year is simply mean reversion taking the price impact of the index funds. Back out and. Part of it is. Quite, simply the stocks editor extravagantly expensive on average and..

Mets Bloomberg Editor SOX Pittsburgh Jason Vargas Yankees Founder And Chairman Qualcomm Yankee Stadium Matt Den Dekker Luis Severino Austin Jackson American League Sam Darnold Steve Mollenkopf SNP Cabrera