Doesnt hurt that they beat on the top and bottom lines, earnings per share at 86 cents versus 71, but the real big deal here was the settlement with hauwai is this the end of qualcomms Business Model they faced problems with apple refusing to pay them telling them that their suppliers refused to pay qualcomm. I will, some people say i hate to say i told you so no one hates to say that i did tell you so, qualcomm is really good at this legal stuff. They have been fighting the legal battles throughout their career tom brady, Fourth Quarter in the super bowl, you cant count them out. That is why the stock is up catching a lot of people by surprise, julia. That is right, just looking at the opportunities they see in 5g as that continues to roll out and the idea that maybe the regulatory hurdles are behind them they have the ftc case they won that is under appeal, but really notable looking at those two Business Models looking at the sale of the chips and the licensing. Yeah, the pressure t
Of the markets. We will break it down with tiffany mcgee. Plus an exclusive interview with the ceo of halliburton, jeff miller. With oil prices around 40. Guy lets talk about the data. The data was grim. Worse than anticipated. As gdp data was bad but not bad as anticipated. The real story for me today is the claims number. Higher and looking fairly sticky. Now. Mckee joining us point out the highlights. Ofwe basically had two sets numbers. One that told us where we were and one that told us we may be going back there again. When you look at the gdp numbers, the number the u. S. Uses is 32. 9 . The entire last for year, we would be down 2. 9 . 32. 9 . 10 quarter over quarter. That compares with germanys 10. 1 , the u. S. Is 1 10 of a percent better. It shows the u. S. Global economy is in a lot of trouble. Where did it go wrong . Personal consumption was down 34. 6 percent. This was an annualized number. ,usiness investment nonresidential, down 27 . In all across the board terms of gdp
One interesting thing is we finally have a little bit of strength for the dollar after the fed yesterday in a while range, now slightly higher. This is tampering gold. A gold rally is on pause. Not a strong Risk Appetite on the day to say the least. David at the same time, we had the big tech hearings with the four ceos getting beaten up. We had some big earnings today. Does it look like tech might be holding up a bit better . That tech hearing yesterday, they lucked out, or investors lucked out to some degree on the fact the fed was also happening that day. That was probably more of a psychological overhang. The bigger news is earnings after the bell today for apple, amazon, facebook, and alphabet. 100,is 40 of the nasdaq about 16 of the s p 500, and a big question here is whether or not these stocks have run too far, too fast, not just off the march lows but the last earnings season. Amazon up 40 out of the last earnings season, but what makes it so interesting is earnings for the ju
The vaccine protected monkeys with a single dose , most need two doses given two weeks apart. Of early human trials go well, Johnson Johnson plans to start to late stage trials on as many as 30,000 people in september. A leaders at a church in berkeley are speaking out after the say their house of worship was targeted because of a blacklivesmatter banner. The pastor at the way church on University Says members hung the banner tuesday afternoon, less than 12 hours later about 12 30 am on wednesday, someone deliberately set a fire behind the church the neighbor says he saw someone and called 911. Church leaders say they hope the case will be taken seriously. We are not as far from the 1960s and 70s of racial tear. Its our duty as people ra voices about the history of racial violence that has been facing black people for centuries. Berkeley police are investigating this is arson. Theyve not determined whether or not it was a hate crime. Leaders at the way church are holding a News Confere
Yesterday. Well i think from a legal marriage didnt really break any new ground i think he tried to say all the right things and are looking stand he was very measured i think from a political perspective i think he probably won the day in the sense that the democrats really tried to. Beat on him from a political matter and they didnt really pin him down as well as they probably could have this question could have been better with a few exceptions. Large cities independent impartial and a defender of the rule of law do you agree. I think he believes he is i think he has his view of the presidency and breath of the power of the presidency and i think he is supporting that view of the unitary executive i can see why people think that hes being not tip that hes not independent because he is i think hes supporting the president and giving the president wide berth from up from a constitutional standpoint i think its very hard for people to divorce that from their political views what is the