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
The president criticizes the fed and europe as powell testifies this week. Deutsche bank announcing massive job cuts, exitinging Global Equities business, a highlyanticipated 8. 3 billion Restructuring Plan, but will it be the last. Another controversy brewing at starbucks well tell you what has the company apologizing this morning. Late last week, the s p was at within striking distance of 3k. Since the release of the stronger than expected june jobs number on friday, stocks have fallen on dampened hopes of a fed rate cut as the chairman prepares to testify on the hill later this week the president ramps up his criticism of the fed over the weekend. Take a listen. Despite everything, theyre not doing well and were doing great. Theyre not doing well at all, were doing great. Were taking money out and Interest Rates have gone up. If the fed didnt do what it did or even half, we would have the dow that would be as good as it is, it is doing good, but we would have a dow that would be any
Stuff somebody who was sick when im and sometimes you to know i found a tube and m. C. It would be gilbert, the fox, and im on the board to screen this. Im going to shift position positions. My name is, im dr. Stephanie van. And im head of Financial Reporting at diamond mobility. Lets see. I can spend up the time dr. Katty and, and im co founder and co managing director of the she and its been, im working you of the bank to a foundation. Im managing director of tinge group head. Its marketing for a Health Insurance company. I have it for a 150 employees and to one to 4 children. Its been 9. Im 39 and have 3 children. My have 2 children is i have 5 children since cannot win. I have a daughter that i have 2 children, a daughter and the next stands on the lake. The commission by, oh is knew id be a working mom working mom. I just have just when i told them i was right. And then they said you trying to, everyone is bring in. How many more children do you want of cold to have to be the plac
Right now, there is nothing that is earthmoving. That is a great way to lead off the show. I have unbelievable stuff. Okay. Lets get to our road map this morning. It does start with apples ev aboutface, reportedly abandoning its decadeslong efforts to develop an automobile, turning its focus to generative a. I. Shares have underperformed so far this year. Continued signs of a robust economy, healthy Consumer Spending certainly one reason why and goldmans ceo thinks a soft landing is uncertain. And the doj turning its focus to Health Insurance. It is launching an antitrust investigation of the giant. Unh. Unh is really under siege. Its a Great American company. Its under siege like almost no other between the hack and the Justice Department. Well talk about that. That said, its doing pretty well for a company under siege. Lets talk about another company thats done pretty darn well for a very long period of time. That is apple. Of course, youve seen these published reports. Any number of
A city and the surrounding area were killed. We embark on the next stage of the working conditions that of the best for our economy. As soon as conditions of favorable b is where the military tons to launch a ground the extensive in gaza, according to the way the defense on the is rate of how the city and conflict skills across the board is with the idea. Propose to be sworn can yet pause in syria and the terry compound didnt level the a very well welcome to you. This is the weekly on, on the international bringing to the latest world news update on the grounds up at the stores, the shapes of work for the week. Thats the us. The idea has kind of, we got an as like on the, our, on. So most image and needing refuge account in the west bank, according to his well, the swipe was carried out to court, illuminates an underground tyrant. 20 pounds is voted, shows the often loss, with considerable damage to the building of the inside produce to rubble, gauze the base before which it brings us