hindered competition in the mobile chip market using its dominant position to charge excessive licensing fees the chipmaker responding it will seek a stay and appeal joining us pat morehead of moore insights and strategy. good morning i know that you thought that qualcomm made a strong argument in this case, called it a clown show, i believe. the judge felt differently and specifically on a couple of points that you brought up in your criticism of the ftc s position, she said that documents showed that they did kind of push a no license, no chips strategy, that their that they weren t credible in how they presented on the stand. of course intel has dropped out now of the 5g chip market. does that change things for you and how you view this case so jon, i ve been covering these things for about 30 years, and i think it s a bit of a travesty here and i think primarily is the ftc and the court didn t show that anybody was damaged consumers, chip set makers, and even handse
now, the pope s visit symbolises by the us last year. it looks like the formal meeting between the two chief negotiators, their willingness to coexist. china s liu he and robert lighthizer for the us, the formal meeting is over. roger bannister became the first man they then went for a working dinner in washington, in the world to run a mile dc and it looks like that is over as well. in under four minutes. there is talk of a phone call between president trump and his chinese counterpart, xijinping, i don t have official confirmation but it looks like the working meeting, memories of victory as the ve celebrations the working dinner is done. reach their climax. there is talk of a call this night is dedicated between the two leaders, to everyone who believes to either sign off in a future of peace and freedom. on any agreement that s been reached or to agree that the tariffs are going ahead. both sides of stepped back and they can t do a deal so we are waiting to see what comes
injust an hour s time, plans by the united states to more than double tariffs on billions of dollars worth of chinese goods are due to come into effect. trade talks between the world s two largest economies have so far failed to produce a breakthrough. but the two sides have agreed to meet again on friday to try to break the deadlock. at the heart of all this, mr trump s claim that us companies get a raw deal. he s pointed to his country s massive trade deficit between what the us imports from china and what it exports. that figure was $419 billion in 2018. so, if these talks don t make progress, in just an hour s time, tariffs on $200 billion worth of chinese goods will rise from 10% to 25%. that s on top of the $250 billion of tariffs imposed by the us last year. let s get the view from china now with our correspondent robin brant, who s in shanghai. how is it looking from there?m how is it looking from there? it is looking like and one hour s time those tariff increases
not facebook. this ceo coming on exclusively, or even amazon. but sac capital, the embattled hedge fund founded by billionaire steven cohen facing no criminal charges of systematic insider trading. allegedly generating hundreds of millions of dollars of illegal profit and to avoid losses and this allegedly over more than a decade. widespread, systematic. you name it, they say they did it. we just got word from sac that it plans to operate as it works through these matters. they re still in business. they say that it never encouraged promoted or tolerated insider-trading. what we re going to do is take a look at what might happen, why this matters to an individual investor is not have money with them as well as the billions of dollars in assets, with a might now flow. the impact on the entire hedge fund industry and the trading industry because they own huge positions in a lot of stocks. are very un charlie gasparino has been breaking news on this story well in advance of ever
meeting today of the cardinals before they head into the conclave and start the actual voting process. this process has been described in many different ways, an interesting one tweeted a while ago by greg burke, the vatican spokesman, who said life is like baseball, tomorrow is opening day in vatican city. to continue that metaphor, the question on all our minds is how many innings will this all take. over the weekend, the pipe, the chimney pipe that will offer the smoke to give us our indication of the voting was affixed atop the sistine chapel. we can show you a picture of the papal balcony where the scarlet drapes have been hung, where as soon as tomorrow a new pope could greet this city and greet the world. this morning, cardinals are reflecting over the task at hand after a weekend spent celebrating mass at their assigned parishes all across rome. tomorrow, it all begins with a special mass together, the 115 voting cardinals gathered here at the vatican will then file i