Their finances. First, shares of qualcomm falling in after hours trading after they gave a downbeat fourthquarter sales forecast. At the high end, they are looking at 5. 1 billion sales. Warningin line with a issued back in april. Joining us to discuss our guests from new york and l. A. The revenue forecast for the Current Quarter was late. The forecast for the quarter also very light. Up . 75. Ted eps street was looking for 1. 10. It boils down to qualcomms basic is this model. It has a controversial practice of not just selling chips to manufacturers but licensing and they want royalties equal to a certain percentage of the value of the device. This has caused a lot of litigation problems for qualcomm. Earlier with apple this year. There are a lot of questions about similar case brought by the ftc. A judge in the ninth circuit ruled against qualcomm. They are waiting for an appeal and there is not a lot of clarity in todays Earnings Reports. They may be getting into it on the call as
Closing down by 0. 4 the hang seng was off by 1. 1 . Then the shanghai was down by almost 0. 9 . In europe it looks like, again, a modest decline dax and the cac are relatively flat ftse down by 0. 2 . Italy and spain down by 0. 3 and 0. 4 if you check out the treasury market, you will see the tenyear right now looks to be yielding about 2. 019 . We do have breaking news on Warren Buffett he is denying reports of tensions between him and 3g capital and kraft heinz. Buffett said 3gs cofounder is a good friend and he plans to see lemann next month. He also plans to attend lemanns 80th Birthday Party in august. The report has been out about tensions between them. Buffett also expressed support for the ceo of kraft heinz reports of the tensions may have been sparked by kraft heinz underperformance. That stock down by 50 buffett says right now the biggest problem facing kraft heinz is that heinz overpaid when merging with kraft back in july of 2015 he said he paid too much and it will take
25 percent a few times a month. Keep it at 6. Reporter regional leaders say toll payers may not like it now, but theyll like it later promising less traffic on bay area bridges and freeways. They say the money would go to improve Public Transportation like bart, buses, and the ferry system. The money would also fix choke points on some busy highways. They say everybody wins. I think its fair overall. Its the democratic system we have. Reporter this assemblyman represents parts of Alameda County, ask help compares it to and he compares it to renters voting to raise property taxes. Its an approach thats worked and its in our tool box that we need to help address regional congestion. Reporter a bunch of voters are calling it basically a taxed, and they say why not have a tax on everyone to make it fair . But legislators say that would be difficult to pass, but this measure is easier to pass when people dont have to pay for it. Da lin, kpix 5. New at 6 00a i suspect has been arrested, accu
Did you ever have consensual sex with him . Never. Prosecutors said she was lying. She was insulted that you didnt believe her. I was insulted that she thought someone would. A tutor and her pupil breaking all of the rules, but who was telling the truth . We both knew what we were doing was wrong. He owned me. I never had as much evidence against someone as i had in this case. Im lester holt, and this is dateline. Heres Keith Morrison with dangerous liaisons. You two were in cohoots. Reporter it didnt have to end here. He keeps stating things that he has no evidence for as though its fact. Reporter with attorneys at war. Youve got the evidence. No. Dont just say that. It was theater of the absurd. Reporter detectives upset. I thought it was disgusting. I thought it was just really horrible the way they dragged that family through the mud. Reporter nor did there have to be a sobbing witness. Im trying to be honest up here, and its so disrespectful. Just a minute. Reporter even a judge t
Did you ever have consensual sex with him . Never. Prosecutors said she was lying. She was insulted that you didnt believe her. I was insulted that she thought someone would. A tutor and her pupil breaking all of the rules, but who was telling the truth . We both knew what we were doing was wrong. He owned me. I never had as much evidence against someone as i had in this case. Im lester holt, and this is dateline. Heres Keith Morrison with dangerous liaisons. You two were in cohoots. Reporter it didnt have to end here. He keeps stating things that he has no evidence for as though its fact. Reporter with attorneys at war. Youve got the evidence. No. Dont just say that. It was theater of the absurd. Reporter detectives upset. I thought it was disgusting. I thought it was just really horrible the way they dragged that family through the mud. Reporter nor did there have to be a sobbing witness. Im trying to be honest up here, and its so disrespectful. Just a minute. Reporter even a judge t