Miss. While streak drills wework, facing questions about its finances. We get a read on investor appetite ahead of a potential ipo. First, shares of qualcomm falling in after hours trading after the chipmaker gave a downbeat fourthquarter sales forecast. At the highend, qualcomm is looking at 5. 1 billion sales. Analysts predicted that is in 5. 7 billion. Line with a warning issued back in april. Demand for smartphones, particularly in china, would be weak ahead of the introduction of 5g. Joining us is mike regan and sarah mcgregor. Explain whatf all, we are seeing driving this drop. How much does it have to do with china . Mike the revenue forecast for the current fiscal quarter was very light. The eps for the quarter also really light, and adjusted eps of as much as. 75, and the street was looking for 1. 10. It boils down to qualcomms basic business model. It has a controversial practice selling chips to manufacturers, they license chips to them, and they want royalties equal to a ce
German defense minister steps down as defense minister ahead of a secret ballot that could cement her as the first female European Commission president. Manus warm welcome to your biggest concern to daybreak europe, and what is your biggest concern, a meltdown or a meltup . This is the msci world index. To bail on stocks. Central banks are giving you a gift, that is their message. More of a risk as equity markets go up, and people dont appreciate that. The question is, do you believe that going into earnings season . The least attractive market for them, the usa, their top calls australia and japan. A couple more markets, even i cant make wti more exciting than it is. Downgraded, what will the inventory tell us . And gold, it was red, i do promise you, ahead of retail sales. The point, if you want to protect yourself as yields go back up, do you want a little gold for protection . That is a question for markets. You have the glorious s p. [laughter] nejra it wasnt so glorious yesterday
Steve mnuchin says he may had to beijing of trade talks arent productive. This as europes braces for u. S. Tariffs on 7 billion of goods and legal aircraft subsidies. Trading revenue will be the talking point for Goldman Sachs and jp morgan as they report quarter results. We will hear from the cfo, john shrewsbury. And buyers reprieve. The german companys legal payout over its second round up by 55 million by u. S. Judge. There are some harsh words in that case. He called their behavior reprehensible. Ant to talk about bitcoin everyone has harsh things to say about bitcoin, from President Trump to his treasury Steve Mnuchin, saying it is only backed by thin air. On can see it hit 12,000 friday and just dropped over the weekend, trading now a 10,700 between four dollars. One of the problems for bitcoin is that a lot of people have bad things to say about Facebooks Libra as well, even Maxine Waters is out against libra. But im not sure they should necessarily be making the connection bet
Not too long ago, to set him up for this job. Expected butly faster than many analysts had expected. Thathich is how hard is my question, hollow hard a job is this. Limitedey have some exposure to north america. It did a complete 180. David but it is specifically into a larger story about Capital Investment and specifically energy. Alix and how deep it is in the u. S. That is what we will learn. We have earnings coming out and the macro picture. That Means Nothing is happening in the markets. If you like it was a same story yesterday. The dollar rebound from that selloff. Do williams came in and said nt keep your powder dry. Same in the bond market. A big buy coming in. Can we finally say it is a geopolitical risk story with crude . David did they shoot it down or not . Alix it is all cloak and dagger. David meantime, we want to find out what is going on outside the business world. For that, we turned to Viviana Hurtado. Viviana the Trump Administration and House Speaker nancy pelosi a
The dax is down some 1 . A little bit of pressure on the stoxx 600, i guess a little bit of concern over the tax overhaul. There is a little bit of pressure on miners. The bloomberg dollar index again, the dollar seems to be pretty steady. I am looking at the pound because of theresa may and there could be some kind of rebellion brewing. We will get our Political Correspondent on that. We talk economics and Monetary Policy with larry hathaway. He is the head of investment solutions. Then, we discuss as it presses we discuss asset prices. Overhaul. The tax we are also just getting some breaking news out of indias central bank. It is maintaining its neutral Monetary Policy stance. I know we will get the chart of for you and i will bring you any breaking news that we have from the rbi of india. Lets get straight to the bloomberg first word news. Nejra donald trump will formally declare jerusalem to be israels capital and direct the state department to start the process of moving the Ameri