S captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. Rose paul jacobs is here. She the chairman and c. E. O. Of qualcomm. It is the Worlds Largest provider of Chip Technology for mobile and wireless communication. Many of your favorite devices from smart phones to tablets are powered by qualcomm chips. The company has capitalize on the revolution mobile with a vision. It put in place more than a decade ago. Today there are over one billion spar phones users around the globe. That number could double in the next few years as consumers in chine and india will access the internet for the first time on their mobile devices. Qualcomm is poised to be at the center of that growth and much more. Im pleased to have paul jacobs at this table for the first time. Welcome. Thank you very much, charlie. Rose take me back to your dad, who was an m. I. T. Scientist. Right. Rose what was his vision we created qualcomm . Me had had a Previous Company bef
It is part of the brand and the revenue stream and it has fallen behind both in the hardware space and the streaming space. Brings applenics the headphones that everyone wears. On the music streaming site you have beats music that has garnered a lot of attention. I do not know how successful it has been on the business side because they have not released numbers. Right, so is it worth 3 billion . Complex many analysts would agree that it is not worth any analysts would agree that it is not worth that much. What is concerning is that youve never had apple acquire a brand, ever do big deals. Billion dollar deal for what essentially boils. Own to a brand that is cool it is not a new technology. It will not move the needle on the technology front. Apple has a lot of money. Overseas but the money is not accessible. Debt tos had to issue give shareholders value back. Yes, it is a blip on their overall cash balance, but if you look at their operations, it is not a small number, he even even f
All that and more on nightly ataj repor may 20th. ataj repor good evening, everybody. Im bill griffith. Im suzy. Good evening for me as well. We begin with the bears coming back to wall street today. Stocks fell sharply after comments from two top Federal Reserve officials. The president s of the new york Federal Reserve and the Philadelphia Fed gave conflicting speeches on when Interest Rates would go up. Investors got the jitters after the charles swass esh says a stronger u. S. Economy means policy makers might decide to hike Interest Rates sooner rather than later. Even before foster said that, stocks were already in the red, following a round of disappointing earnings and outlooks from some top retailers, which is fueling concerns that the American Consumer is just tapped out. Heres how things looked at the closing bell. The nasdaq down 29. The s p lost 12 points. Also weighing on the bluechip average caterpillar has tumbled almost 4 after reporting a decline in retail machine sal
S captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. Rose paul jacobs is here. She the chairman and c. E. O. Of qualcomm. It is the Worlds Largest provider of Chip Technology for mobile and wireless communication. Many of your favorite devices from smart phones to tablets are powered by qualcomm chips. The company has capitalize on the revolution mobile with a vision. It put in place more than a decade ago. Today there are over one billion spar phones users around the globe. That number could double in the next few years as consumers in chine and india will access the internet for the first time on their mobile devices. Qualcomm is poised to be at the center of that growth and much more. Im pleased to have paul jacobs at this table for the first time. Welcome. Thank you very much, charlie. Rose take me back to your dad, who was an m. I. T. Scientist. Right. Rose what was his vision we created qualcomm . Me had had a Previous Company bef
In the last hour certainly having pretty good impact. Were looking for solutions to the obama care met. Tenet health care ceo Trevor Fetter is with us on how the bumpy rollout has impacted his company. Also muni bonds, Everybody Loves them, theyre safe and boring, right . Well, not so fast. Millions of investors are in these because many times the income is taxfree and its believed these bonds that are linked to cities and municipalities are a lot less volatile than stocks. But are there new danger signs of anyone who owns them or thinking about owning them, need to know about . Well take a closer look at munis coming up. The Dow Jones Industrial average near the lows of the day with a decline of 58 points. Pretty steady until the minutes came out. As can you see what happened, as soon as those minutes came out at 2 p. M. Eastern time today. Nasdaq composite under selling pressure today. Take a look at down about seven points on the nasdaq. Fractional move there. Again, very similar ch