taking a hit on qualcomm. these numbers came out, qualcomm

the thing with qualcomm as the same as last year, everybody associates qualcomm with apple. and nobody likes apple right now for good reason. it's not going to surprise me, and the numbers end up going down further, but qualcomm to me now is starting to get more interesting because they are going to report the quarter soon. and samsung is a big driver for their business. unlike the last cell phone, this cell phone, samsung is using the qualcomm basemans in all the products to start with. before as you may know, samsung has their own internal base fan, they were using that for part of the fs-3, the s-4, they are going 100% qualcomm to satisfy the issue with apple right now. qualcomm is somewhat mince understood where for they are right now. >> we'll look at the move on microsoft up 3%. it's breaking up. >> sandisk, doc, do you like it? >> sandisk and multiconductor are the two picks he mentioned i like. >>> the traders think now is the time to get out of sprint. we'll have a good bull versus bear debate when we come back. y ? we gave people a sticker and had them show us. we

will have direct technical support from qualcomm. to fully customized software and hardware around the snapdragon processor and congress gave it examples of just what's possible with . for example this photo booth was developed on the basis of the company's dragon board which is based on the same kind of chips used by. simple things like playing around with your friends photos to high tech innovation such as boards are often ideal for developers building and optimizing projects that don't require everything to be pint sized. so with that yoda hopes to join the plethora of other handset makers out there running qualcomm chips and should help them compete with the. industry's top dogs in order to do that they need to show potential customers and operators just what they're capable of and in that regard the few days of congress time well spent. everything went really well people showed genuine interest and excitement about the new product which. speaks volumes that leading analysts and major mass media outlets the only true innovative d

now, full-year guidance, it had been $4.25, $4.25 on qualcomm. the company raised the earnings they full-year guidance to $4.40, $4.55 per-share. meanwhile the third-quarter outlook in the middle of revenues, they say they will come in at $5.826.3 billion for the quarter and that would be3 gross of 25% to 36%. rather than growing at about a 30% clip for the past few quarters, qualcomm chip powering wireless devices for apple and microsoft and blackberry. this kind of an agnostic supplier to all of those, and that is letting this company really hum, adam. adam: i can quote shakespeare, earnings reports are stories told by idiots, signifying nothing. you know they manipulate numbers. dennis: thank you a lot. adam: take a look at other big companies reporting today. ford and boeing impressed investors with their earnings, something you might not have predicted if you are looking at these companies a few years ago. boeing delivered the first dreamliner in september of 2011 and despite all kind of problems with the jumbo jet, that stock is up 50%. and

i want to get more on qualcomm's earnings. jon fortt just got off the phone with ceo paul jacobs and he's got the lowdown for us. over to you, jon. >> he had some comments relevant across the technology spectrum. he said that emerging markets, particularly china, especially strong in the quarter. a little stronger than he expected. north america, a little bit weak. similarly in europe, western europe, a little softer. he talked about the windows 8 business hae's trying to push into it. not performing any better than the low bar that they set. he's still hoping that they can make inroads there if people make better pcs with windows 8 that people may want to buy. interesting on emerging markets. speaks to a dynamic we saw in nokia. on the low end, he said there are a lot of low-end chinese brands who are using qualcomm's reference designs to break quickly into these emerging markets with low-cost phones. he said from the time they get the silicon to the time they're approved by carriers and only 60 days, more than 200 devices th

qualcomm expected earnings per share of $1.17, ca in at $1.17. expected revenues on wall street of 6.09 billion, came in at 6.12 billion. remember, revenues have been missing with the quarterly reports and that upsets wall street. now, full-year guidance, it had been $4.25, $4.25 on qualcomm. the company raised the earnings they full-year guidance to $4.40, $4.55 per-share. meanwhile the third-quarter outlook in the middle o revenues, they say they will come in at $5.826.3 billion for the quarter and that would be3 gross of 25% to 36%. rather than growing at about a 30% clip for the past few quarters, qualcomm chip powering wireless devices for apple and microsoft and blackberry. this kind of an agnostic supplier to all of those, and that is letting this company really hum, adam. adam: i can quote shaspeare, earningsreports are stories told by idiots, signifying nothing. you know they manipulate numbers. dennis: thank yoa lot. adam: take a look at other big companies reporting today. ford and boeing impressed instors with their earnings, somethin

qualcomm with windows 8 planned to take some share there. he said that that business is just meeting qualcomm's low expectations which is not saying a lot. here on the low end this was particularly interesting. he is saying they are in hundreds of devices. those device makers are turning around very quickly. about 60 days. you say he sees a huge variety of companies who are participating in that. not just the big names, though the big names are kind of strong. this is important for all the android players and apple as they try to sell the iphone 4 and those lower end devices into these markets, especially china. >> we have gotten a lot of movers in the afterhours session. also better than expected results. blowing through street estimates. let's take this first, tim. >> it's a name that i have bought around 23 on the way down. what i like about these numbers is not only have they affirmed and slightly improved but they kept 2013 capex. people are worried about the balance sheets of a lot of the companies. so i'm not telling you there is goin

i love qualcomm. there's a lot of question, is apple going to lead, is samsung going to lead? why poster choosing? you can simply go ahead and choose the chip inside the smartphone rather than choosing a particular smartphone. it's just like selling shovels during the gold rush. you made the most money if you sold the shovel to all the miners, and in this case you're selling chip toss the phone companies, so that's why qualcomm is terrific. liz: and they've got a dividend, so that's always nice, and they are extraordinarily smart people. gold rushes do end. at some point isn't there saturation where everybody has the phone that they want, or are we just in that mode of i need the best thing, and qualcomm's going to be in it? >> that's right. the next thing we're going to all get is the dick tracy watches. liz: i don't want that. too big on my -- [laughter] >> yeah. and that's what you're definitely going to need a new version. every time there's aa upgrade or a new, cool gadget that comes out, qualcom

david: more important than me, zynga and qualcomm are about to report earnings. we're expecting interesting things aft hours. the market is trading down toward the end. day. liz: the s&p flipped over the flat line, nicole as we await numbers from zynga and qualcomm. >> we're watching names to the upside. obviously an exciting time during earnings season. the dow is snapping a three-day winning streak. zynga is certainly a winner. watch qualcomm. david: what happened to apple, nicole. after they reported, we saw it up to 425. looked like it was closing 450 level today. it came way down. >> there is so much going on with apple. this is 415, 419, 392. it was all over the place. that is the pattern for apple an virtually unchanged. they surpassed, iphone, ipad sales. raised dividend. good bad news they're out of favor with wall street and they don't have anything new on the pipeline. >> at&t happens to be the worst performer on the dow jones industrials after sales fell short of analyst expectations. >> right. we're watching at&t. that pressured the dow. that is wort

netflix, amazon, qualcomm, texas instruments. dr. "j," take your positions ahead of some of these earnings. which one looks tastiest to you right now? >> well, of the wednesday we're watching so closely, judge, i'll skip apple because we'll have plenty of time tomorrow to set up for that one. but netflix and coach, i think those two -- i actually sided with stephanie on the coach trade here. i like the upside of coach after this wicked selloff they've had. that's a shoutout to our boston peeps, wicked. and as far as netflix, i think this one has also been wicked to the shorts. and i think that could continue, judge. the 4 billion hours spent on the stream and so forth, i think that bodes well for them going forward as much as everybody thinks they can shoot holes into them, they haven't yet. so i like netflix as well. >> what about qualcomm, steph? underperformer but on overloved stock. >> totally, as is broadcom. but we want to g a s sense of smartphones. apple, qual dcomqualcomm, broad >> you might get decent smartphone -- >> you m

we begin with qualcomm, the chipmaker reported after the bell profits in line with estimates, and revenues ahead of expectations. it's a big supplier of chips that are used in apple devices and galaxy phones, but with concerns about a slowdown in smart phones, qualcomm expects profits in the current quarter to come in lower than analysts recommendations. shares tumbled more than 4% after hours. >>> zynga reported a penny a share. that's the good news. the social gamemaker issued a very sharp warning about revenue for the current quarter. shares were up more than 5% before the close. they dropped more than 10%. right after that earnings release. >>> first solar led the s&p all day, after selling its largest solar farm to the southern company turner renewable energy. the purchase more than doubled its solar capacity. first sola gained more than % today. and year to date is up more than 45%. >>> and near the top of the dow today. boeing reporting first quarter profits up 20%. they took no special charge for the dream liner. investors cheered that earnings news and the expectation that the faa

we begin with qualcomm, the chipmaker reported after the bell profits in line with estimates, and revenues ahead of expectations. it's a big supplier of chips that are used in apple devices and galaxy phones, but with concerns about a slowdown in smart phones, qualcomm expects profits in the current quarter to come in lower than analysts recommendations. shares tumbled more than 4% after hours. >>> zynga reported a penny a share. that's the good news. the social gamemaker issued a very sharp warning about revenue for the current quarter. shares were up more than 5% before the close. they dropped more than 10%. right after that earnings release. >>> first solar led the s&p all day, after selling its largest solar farm to the southern company turner renewable energy. the purchase more than doubled its solar capacity. first solar gained more than 11% today. and year to date is up more than 45%. >>> and near the top of the dow today. boeing reporting first quarter profits up 20%. they took no special charge for the dream liner. investors cheered that earnings news and the expectation that the

we had a company, qualcomm. good earnings report. that's not good enough for us. we love a company, we don't love qualcomm anymore, given the fact that there's more competition than we thought coming down the pike. that's an example where you get to raise cash, if the gentlemen to my right are correct, we get that washout. please give mel johnny john under $80 a share. i'd be very happy to take it off your hands at that level. i think that's the right move, too. >> certaner. the backlog is up huge. pushed up against 100 bucks. today, another all-time high. the valuation, yeah, it's rich. but so is the short interest, it's pretty phigh. i think the stock runs higher. >> let's get to the newest game that we're adding to our "fast money" repertoire. >> what's that? >> background first to it.ç microsoft's market cap topping google for the first time since november. today, these two companies are in a virtual tie. so -- who would you rather? >> rather what? >> my so croft or google? >> why can't i have both? >> greedy. >> well -- >> who would you rather buy? >> the m

but qualcomm? qualcomm is the anointed one. ♪ hallelujah mr. 4g. it's supposed to be perfect. yet it's the biggest disappointment in tech other than apple. i still can't get my arms around why. two more $100 billion companies that quite frank lly blew the quarter. did you see the reaction? i should say the visceral reaction to ge's quarter? it quickly fell from 23 to 21. believe it or not. the company's earnings growth decelerated as the quarter went on. europe weakened badly. ge is the most high profile earnings miss on the industrials. it's another $200 billion company let us down. the ample dividend, the fact it's likely to get a boost does make me say the stock is worth sticking with and my charitable trust which you can follow along on actionownersplus.com is buying -- well, bought some after the break. it still stung, believe me. united technology is another stinger. another charitable trust name. it finally seems to be stabilizing after another, after a quarter -- i've never seen these guys miss, it's been ages but it felt right with europe and sequestration called out

. >> and qualcomm set to report earnings after the bell. we have the instant analyses after those numbers come out. you're watching "closing bell" on cnbc, first in business worldwide. ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just stay alive... but feel alive. the c-class is no exception. it's a mercedes-benz, through and through. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix (varenicline) is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about an

qualcomm and zynga both of them down. [closing bell rings] >> both lowering forecast,s. david: zynga is down over 7%. you can here the bells are ringing on wall street. everybody withd breath anticipating what will happen with amazon. amazon you probably know the numbers come out pretty soon after 4:00. so any moment now we will get those amazon numbers. in fact they just came out. we're parsing through the numbers. adam shapiro is going to provide us with details of those numbers. if we could see after-hours what is happening to these numbers as we look at the major indices settled to the upside. dow jones industrials is in single digits. it is now up almost 30 points. nasdaq is up the healthiest of all the indices with the exception of russell 2000, small and mid-sized stocks doing well. numbers are out for amazon. we're parsing through those numbers. let me show you the bid

stock number four, qualcomm, raymond james upgrading to a strong buy from an outperform. they believe qualcomm will maintain their advantage in high-end smartphone chips in things like lte. looking huge patent company, with more than 70,000 patents. that generates two thirds of the pretax profits. and near a historically low relative to the s&p 500. and finally for street talk, stock number five, where texas style, we've got ourself a good old-fashioned analyst battle. stifel nicolaus citing a near-term slowdown as evidenced by weakening ism. it's dropped over 5% month over month. also today, s&p capital iq upgrading to a buy from a hold, shares up nearly ten bucks since last summer. two analysts one day. microsoft windows topping blackberry. that's according to a new report both these companies are they disted to fight for scraps? or can microsoft and its partner really gain significant market share? let's ask the software analyst at james montgomery. what do you say? >> there's two things that need to happen for microsoft to gain any kind of traction in this smartphone

>> teradyne. >> qualcomm. >> all right. follow me on twitter. more fast tonight at 5:00. and power lunch picks up the ball right now. >> it is, another day filled with breaking news. there are options problems at the cboe. the exchange has been closed but is reopening as we speak. >> a short time ago, syria has used chemical weapons. here is the sound just in where mr. hagel is today, coordinating with them regarding iran. >> u.s. entell jeintelligence c assesses that the

but i'll go back to the mainstay qualcomm, it's done nothing. reported consistently good quarters. that's more of a function of what people think of the group than what they believe qualcomm's prospects are. i continue to like it. and the apple nuisance, the overhang, the market's become familiar with it. >> huge cash positions. cicso dividend increase, you get more of those, you will get more excitement. >> it is a big weak for economic today. the market will be hanging on every detail. we welcome in steve liesman, our senior economics correspondent. the economy better hold up its end of the bargain for these guys to be right. >> yeah. if i had a chance to grade the trade -- this is not technically a grade the trade segment -- i'd give most of them an incomplete. i'll tell you why. haven't talked a lot about the consumer. if there's one big question for the economy and for the stock market, it's the consumer. can we skip these tables i had lined up. that's the one. you guys are great. look at what happened january/february. the consumer remained stronger despite the payroll tax hi

going on and qualcomm wins either way. >> there agnostic. look what's happening globally. auto sales are going up. what companies are producing the best products? ford has a 3% dividend. didn't have one a couple years ago. increased it. their products are sell. every quarter they're doing better and better. >> strong management, strong product line. >> secular growth, get rewarded on the income side, on the balance sheet side you have protection. >> when you say secular growth, what you're saying is they're not dependent on larger economic growth necessarily. they can grow in their area and their area is growing. >> they are dependent on what they produce and how competitive they are within the same industry or within the whole competitive landscape of different stocks you can invest in. >> listening to this you can get better than your 1% out of the market. guys, great to see you. it's been a long time for the three of you and it is good to see you again. some of the best advice you're going to get financially. >>> coming up next, i'll be r

cisco and qualcomm are much better names. >> cisco and qualcomm haven't done anything either. microsoft, you have the dividend but i'm not going to argue the windows 8 point because i agree with you on the pc side. this microsoft is able to get into mobile in a big way. the stock can go higher. >> that's a big if. >> of course it is. >> we'll make that the last word. the gavel comes down. guest juror, henry blodget? >> the bear, i'm afraid. the only compelling point on the bulls side is the stock might go up because it's cheap and there might be a catalyst that might get people excited for a few minutes, if that. but microsoft is under attack and every major business. the stock's t not that cheap. and getting into mobile is proving incredibly tough for them. they missed the window. >> all right. tell white house you think won the debate. you can tweet us use either the #bull or #bear. we will reveal the results at the end of the show. >>> in less than half an hour facebook will hold the latest media event. speculation is very high over rumored operating system for a mobile pho

smartphone battle going on and qualcomm wins either way. >> they're agnostic whether it is nokia leading or google leading or apple leading because the chipset is being made by them or they get a royalty and look what's happening globally. auto sales are going up. what companies are producing the best products? what have a good balance sheet growing a dividend? ford has a 3% dividend. didn't have one a couple years ago. increased investment grade and products are selling. every quarter they're doing better and better. >> strong management, strong product line. >> secular growth, rewarded on the income side, balance sheet side protection and also you get to grow over a period of time. >> i want the viewers to understand they're not dependent on larger economic growth necessarily. >> exactly. >> they can grow in their area and their area is growing. >> dependent on what they produce and how competitive they are within the same industry or within the whole competitive landscape of different stocks you can invest in. >> listening to this, you can get better than the 1% out of the market. gre

> > we saw qualcomm come out last night. they actually beat on the top line and the bottom line which for this earnings season we have not seen many companies be on that top line. the stock was down $3-4 dollars after hours trading down to that 62 and a halfish level which is some pretty major support. i think you're going to see a lot of buyers come in. you're going to see that stock rally after earnings because that earnings number actually looked pretty good. > > thank you for your thoughts scott. > > thank you angie. parts of the midwest are preparing for flood damage. the national weather service reports flooding threatens rivers in illinois, iowa, indiana, north dakota, mississippi, and michigan. parts of illinois have already been hit hard. officials will be on alert throughout the weekend. bankrate dot com reports only 13% of homeowners have flood insurance. the average cost is about 50 dollars a month. "the typical claim paid out for flood insurance was paid out for about 30 thousand dollars, so there is ample retur

that's where qualcomm has been beating them. >>> let's swap topic and talk about how apple stock has decline. the latest news over china, it's ramping up protection for the iphone 5s. karnry are you a buyer? i think the risk is more that it goes up than it goes down at this point. >> jon fortt, is it down and out? >> well, probably not out, but look, i think we have to see what their response is to the lower end and mid fehr saturdayphone tend. do they have to sacrifice margins? of course we see the chinese economy looking iffy lately. we'll look to see how confident they feel about that. >> let's finally turn to dell, a deal that icahn has doone. he says he will limit half his stake at 10%. in return he'll get information that management says will maximize the chances of elitting a superior proposal. john karney, a good idea on behalf of the incumbents? >> look, i have to say wouldn't it be fansic to be carl icahn. wouldn't it be please don't spend more money and we'll give you better access? he's win in a deal, and he's won in this one. sure, i'll keep more of my cash to myself, an

how about qualcomm, raymond james, a strong buy from qualcomm. if you think that apple is losing share, it doesn't matter to qualcomm, they're everywhere. qualcomm is 4g and they're in every single phone and so therefore it's unassailable. would it shock you if that reversed if all of tech comes down today. people don't like material stocks. they don't like tech stocks or anything that are industrials because these are europe. >> the shares trended pretty much in line with the market even with the buyback and even with better guidance and historically the valuation relative to the s&p is at a low. >> that's why i want to own davita. that's why i want to own anything that is health care, and the valuations are at lows and they go lower. u.s. steel number cut today. i mean, if it makes something that is not in the health care system it's not getting love. there's no love. there's love for vodafone shares, and i did want to point them out. this is on an alpha story. >> they cite usually reliable people as saying that at&t and verizon are considering

to make sure there this runs smoothly, facebook is partnering with qualcomm. >> what is really important with this kind of app is the bat ray life not being impacted and you have all the stuff scroll really smoothly and it's multimedia. it's important for that to be rendered really well. redo all that interior pluming to make all that stuff work really, really well. >> mark zuckerberg hopes by making its tools successful, no matter what else users are doing will drive more facebook usage and ultimately drive more facebook revenue. >> so julia, do you think that people like facebook enough that they would get a phone that is built around it? how popular will this be with consumers? what were you hearing today? >> you know, i think that the response is pretty positive. i think that chatheads looks really cool. and i think the key thing here is you're not buying a facebook hand set. you're not buying a phone made by facebook. you're buying a google android device. and these are such popular devices, that it's going to give people who already own phones the option of using this. and if you'r

to make sure there this runs smoothly, facebook is partnering with qualcomm. >> what is really important with this kind of app is the bat ray life not being impacted and you have all the stuff scroll really smoothly and it's multimedia. it's important for that to be rendered really well. redo all that interior pluming to make all that stuff work really, really well. >> mark zuckerberg hopes by making its tools successful, no matter what else users are doing will drive more facebook usage and ultimately drive mor facebook revenue. >> so julia, do you think that people like facebook enough that they would get a phone that is built around it? how popular will this be with consumers? what were you hearing today? >> you know, i think that the response is pretty positive. i think that chatheads looks really cool. and i think the key thing here is you're not buying a facebook hand set. you're not buying a phone made by facebook. you're buying a google android device. and these are such popular devices, that it's going to give people who already own phones the option of using this. and if you're

who disappoints qualcomm? they did what they were supposed to but not a penny more and that's not enough. >> we'll watch that stock with so many others. the parade of earnings. coming up we'll get the separate earnings, we'll separate the earnings winners from the losers. that opening bell now just four minutes away. get ready, another big day of trading. more "squawk on the street" straight ahead. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. >>> about a minute and a half until the opening bell. you're watching cnbc's "squawk on the street," live from the financial capital of the world. it is earnings days don't get any busier than this. 170 s&p components for the week. the lion's share coming today. a lot of big economic bellwethers. we've already wal

between the qualcomm engineers. even our commercial sector, we have 250,000 square feet of commercial real estate and the vacancy rate has dropped low for the first time since 2006. >> jeff, thank you very much for being with us. continued good luck to you. >> thank you very much. >> maybe one of those buyers would like to look at this. it's worth almost $2 million. it's a baseball history. just a couple of hund of these. maybe not that many were ever printed. its online auction right now. we will talk about it more coming up. >>> the htc will go on sale april 12, the same day that facebook's new software will become available. >> hi, kate. >> the huge hedge fund has struggled of late but really seems to have turned things around. i just learned that most of their year to date results are in the black for the first time in a while. their umbrella funds are up 3.6% and 2.9%. those are two to watch. their recovery fund which they launched several years ago with financials and other components is actually up 14.2% year

. >> qualcomm. >> all right. follow me on twitter. more fast tonight at 5:00. and power lunch picks up the ball right now. >> it is, another day filled with breaking news. there are options problems at the cboe. the exchange has been closed but is reopening as we speak. >> a short time ago, syria has used chemical weapons. here is the sound just in where mr. hagel is today, coordinating with them regarding iran. >> u.s. entell jeintelligence c assesses that the syrian regime has used the chemical agent. >> the markets? right now they are on the up side by about 71 points. we have crude up almost a full%. >> which makes it very complicated for the president and for the administration, does it not? >> exactly right, sue. and those high stakes that the president himself has laid out are why the administration is being very clideliberate about . they took their time before hagel made his comments and now they want to investigate the chain of custody of that gas before it was used to try to make sure with absolute rock solid certainty that the regime is responsible

if you take qualcomm, another big tech company, it gets 97% of its revenue abroad, its stock up this year but only 8%. >> toys and products advertised being made in america -- >> people love it. >> this long winter has been hard for our health, good for c.v.s. and other pharmacies. >> great for pharmacies because march is a month that can go either way. last year we had the warmest march on record. this year it's been really cold. thank goodness it's over. people are sick and with allergies. it's great for the pharmacies out there. for the retailers, we're not buying summer dresses and flip-flops. a lot of these inventories have bloated inventory so we might see sales sooner and deeper than normal. by the way, spring is christmas for home depot and lowe's. they haven't seen that quite yet. >> a little later. maria said it will be pretty decent today. lauren simonetti in the fox business network, thank you. >> time to brew on this. google under fire for this doodle on its main page. the company honoring the birthday of the late labor leader cesar chavez instead of honoring easter. so

and third place, we have qualcomm, another leader in this space, 15 times and earnings, decent dividend yield, but you know, the barrier to entry. liz: he will put -- but those picks up. your target numbers. we will leave the nicole in the hands of jan rose for now. thank you. we lost a lot of our leap, but not all of it. the s&p 500 right now standing in 1668, slightly below the big record. able to close at and near record high. we are counting down the final seconds of trading next. ♪ [ male announcer ] at his current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on hisortfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade. ♪ liz: let's get that nicole petallides. here is david, and we are working toward the end of the session with adelle heading for new highs. health insurers are really driving a higher. >> reporter

qualcomm says select ballpark reviews are underway. the remaining assessments will occur over the next two years. >>> blackberry reportedly struck a deal with brooklyn's barclays center. the deal could be valued as much as five million dollars with the announcement made as early as today. the new arena is home to the nba's brooklyn nets. that is the latest from fox business, giving you the power to prosper. melissa: sell the rumor and buy the news? facebook shares rising about 2% maybe because of the earlier fest, rob enderle pointed out investors are relieved the social media giant is not making a phone. instead facebook is announcing a family of apps on android calling home. the downloads will be available on google store starting april 12th. had tc and at&t ceo on stage unveiling the htc first, which will support facebook home. this is obviously where the rumor of a htc phone was coming from. they are a partner with this app. so it is interesting to see shareholders here relieved that it isn't a bigger announcement. i don't know wha

right aid, att, qualcomm? >> right aid, blue out the earnings last week. >> hold it just for the yield. >> buy. >> yahoo!? >> sell. >> all right. final trades are up next. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. all on thinkorswim. welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com i turned 65 last week. the math of retirement is different to

we saw qualcomm get hit. we still don't know what the products are. so right now -- >> i think that's why the stock sold off p 300 points. >> it sold off 300 points because everybody who owned it didn't know what they owned. >> apple has one thing they don't have. that and the infrastructure. >> all right. all right. we're going to go to josh brown. you made the most compelling argument here on apple. sentiment has shifted. you've got to look at the technicals. we're all aware of the fundamental challenges. >> i asked the question yesterday. if we haven't bought apple on the decomplain, if we don't buy it here or around these levels. >>er this' going to return -- >> are we going to regret it in the months or years ahead. >> they're going to return $50 billion to shareholders. >> i'm asking an opinion. >> i think that's the right way to look at it. when a company is going to return that much in cash, and they can essentially finance themselves like the u.s. government can. >> how much apple do you own? did you buy it recently? >> i own some apple, but

qualcomm and zynga both of them down. [closing bell rings] >> both lowering forecast,s. david: zynga is down over 7%. you can here the bells are ringing on wall street. everybody withd breath anticipating what will happen with amazon. amazon you probably know the numbers come out pretty soon after 4:00. so any moment now we will get those amazon numbers. in fact they just came out. we're parsing through the numbers. adam shapiro is going to provide us with details of those numbers. if we could see after-hours what is happening to these numbers as we look at the major indices settled to the upside. dow jones industrials is in single digits. it is now up almost 30 points. nasdaq is up the healthiest of all the indices with the exception of russell 2000, small and mid-sized stocks doing well. numbers are out for amazon. we're parsing through those numbers. let me show you the bid-ask after-hours. it ended the day 274.70. look at this, there is a pop after-hours a significant pop. so folks are liking what they're seeing, liz. liz: they are. the initial reaction was slightly

>> we are still 100 percent behind qualcomm. it wins it apple comes back, if samsung's stays the leader. a very wonderful the versify play on the smart phone movement in general. as a road map of 64 bit computing next year. also, wonderful play on china. as the best technology to go after the l t market. liz: the company that sells shovels during the gold rush. there you go. david: that is the sale of about apple. you in this segment, there is, by the way. the use ramp. great to see you. appreciate you coming on. liz: you might say, why do i care about stockton, california? is sending a bit of a children of the company as they try to pay the pension. up next, a fox business exclusive. north carolina state treasurer, her words. also. david: subaru is recalling 700,000 vehicles. which models are affected and why coming next. ♪ . .. girl vo: i'm pretty conservative. very logical thinker. (laughs) i'm telling you right now, the girl back at home would absolutely not have taken a zip line in the jungle. (screams) i'm really glad th

how bad are two big semi conductor companies, intel and qualcomm? we under stood that intel was going to miss? they are in secular decline, qual com? it's the anointed one, it's the 4g. it's supposed to be perfect. yet, it's the biggest disappointment in tech. i can't get my arms around why? two more 100 billion companies that quite frankly blew the quarter. did you see the reaction, i should say the miserable reaction to ge's quarter? it fell in the blink of an eye t. company's growning's rate fell sadly. ge of the industrials, it's another $200 billion company, let us down t. ample dividend does make me say the stocks we are sticking with in my charitable trust is actually buying swell, bought some after the break. it still stung, believe me. united technology is another stirng. it finally seems to be stabilizing after another, after a quarter. and i never seen these guys miss, it's been ages, but it felt light with europe and sequestration calling out for the weakness. okay. europe can bottom, sequestration, the damages might have been done alrea

now, google and the qualcomms of the world, i think that's where investors need to be focusing, areas that can really increase demand and revenues and also get a lot of synergies on the bottom line. so i would be looking at the newer tech areas than the old tech. david: guys, we've got to take a break. thank you so much. we have to take a breath here. there's so much information pouring out. we have a google analyst coming in who's going to look more into exactly what happened with these numbers and whether that bodes well for the stock tomorrow. mark, craig hodges, thank you so much. tim mull hold land, we're going to check in with you in a couple minutes when the s&p 2350u67s close. liz: up next, google and microsoft reported numbers, a top analyst tells you how to play the results. that's next. david: also, speaking of google, we want to hear from you. google is starting to shift their new google glasses this week -- i'm sure you've seen them, they're over a thousand bucks -- would you fork over $1500 for a pair of these things? log on to facebook.com -- i can tell that liz probabl

qualcomm is here announcing a partnership with facebook to power and optimize facebook for home on all snapdragon devices. >> what's really important with this kind of an app that the battery life not be impacted and that you have all the stuff scroll really smoothly and it's all multimedia, so it's important for that to be rendered really well, so we do all of that interior plumbing to make that stuff work really, really well. >> reporter: now, zuckerberg says home will not include ads at first. when he said that, the stock did pull back a little bit on that news. but, bill and maria, the fact that the stock is still up today shows that investors are optimistic that this will be boost revenues eventually. back over to you. >> all right, julia, thanks very much. one of our next guests was also at facebook's event. he's not impressed by what he saw today. >> he is ben par of cnet. she joins us now to tell us why he can't get excitement about the announcements or the products. lina row, though, of tech crunch says that today's move is a huge push forward for facebook's presence in mobile

in fact, facebook, cisco, microsoft, oracle, ebay, qualcomm, and intel all underperformed. our question today is what, if anything, can get the space going again and which are the names likely to lead the comeback. we're trading the hakz with pete, mike murphy, steven weiss, and stephanie. why is tech going to start working now? >> i think there are certain areas of tech that will start to work. i hate to lump these into one big area. i like the storage area. when you look at western digital and see how they perform you are talking about big data. people are swarming towards these areas. obviously with the cloud that plays into the amazons of the world, google, apple, across the board. but i think the one lagger in the names that really sticks out for me, judge, is emc. i look at this name, the fact it was a $29 stock underneath $24 a share, i think there's plenty of upside there. when you look at the earnings per share, growth that they had in q4 of 2012 and the annual revenue growth, this is a company that's starting to move to the upside. vm ware has been the noose aroun

. >> qualcomm, stern agee. >> you need to see qualcomm break down if you'll have a rally. >> and it hasn't. stuck in a rut. it's got cement galoshes to quote that -- one of the absolute great star trek adventures where they went back in time. >> right. >> okay. >> peace be with you. >> what have you got on mad tonight? >> live long and prosper. >> we are continuing with our endless search for yield. we're going a little biotech. >> i wouldn't think biotech -- we're doing big drug, and i have to tell you that this rally should have lost the big drug. david, they still go up. you're not supposed to have katrina and niners go up at the same time with the drug. it's not supposed to happen. it's what happened in '94 and '96. the screen is wrong! it could be the magic carpet ride. >> when worlds collide. great book. >> or george costanza from "seinfeld." more contemporary. i do want to point out again, s&p, you can't get an s&p high without a raw rally. we never mentioned north korea. how many people got short because of talk that north korea launched this. when the north koreans are in the leag

it is qualcomm. also want to show you the battery. again, sony. it is another component. then i want to go down to the flash drive. again, flash. this is very important and very expensive. sandisk. another stock you want to watch towards the end of the day. i also want to show you something else. this is where the numbers get really interesting. take a look at this. if you add up all the component costs, $200. the estimate that we have is $442. that is the profit for a name like apple. we have our debate right now. just how important you think the product sales numbers are going to be in the report after the bell today? >> the most important thing we will be watching is the gross margin figures. 38% was the critical it. anything on the gross badge margin, i think that favors the bulls. >> i think the numbers could be slightly below that. you will look up three or four years and that will turn into $200. there are a million guys out there that will make it everybody that it is a commodity product. it is a hardware product. this is no different than any other technology pro

paul jacobs, ceo of qualcomm which power tess devices is announcing it's working facebook to allow facebook and facebook app to run smoothly. >> we're excited about the experience they're going to bring in the with the smartphone. shake things up a little bit. we're always interested to see partners that will bring out events to get the consumer excited. >> investors seem confident that it will eventually boost the company's bottom line. the stock moved higher on the announcement. from facebook's headquarters, i'll julia boorstin. >>> still to come, we're going to preview the jobs report and break down president obama's late he budget plan. york? in the neww a new property tax cap... and the lowest middle class income tax rate in 60 years... and a billion dollars in tax breaks and incentives. new opportunities for business. over 250,000 new private sector jobs were created over the last two years. and 17 straight months of job growth. with the most private sector jobs ever. lower taxes, new incentives, new jobs, now that's news. to grow or start your business in the new new york visit thene

that is not even counting companies just this year like qualcomm that after these petitions, resolutions, were filed, voluntarily decided to disclose this information. and the votes are actually receiving an average of 29% in favor of these disclosure resolutions which is a huge threshold really. 30% about a third of investors voting this way is really a strong outpouring of investor support because of the way that the proxy votes often happen. and -- you know, this is also management recommending a no vote and frequently -- you know, iss and other -- proxy advisory firms recommend frequently that these -- big groups are just vote along management. >> i would -- information from the proxy votes, institutional investors. they are a feckless and greedy lot. they don't want to spend any money on this kind of stuff. they want to just simply invest like the index. and charge the fees and not get involved in these kind of disputes. they don't even vote their interests when they want to split. chairman or -- ceo. barely ask for information on executive pay. so, you know, you are not getting any

qualcomm attorney general holder. we appreciate your coming before the subcommittee today. it is the core mission of the department of justice to enforce the laws and defend the interest of the united states including detecting the public against all enemies, foreign and domestic and today the country continues to mourn the senseless acts of violence and terror on monday ternoon auen and our thoughts and prayers with the big dems and their families. i know all of us on the committee wants you to have every resource to investigate this act of terror and bring the perpetrator to justice. we cannot minimize threats against our nation as we've seen with this tragedy boston nd positive tests of o prmeer intended for the congress. in many communities, fire and dangerous individu account for additional threats. in december, our nation mourned the unspeakable tragedy in newtown. in the defense can the 3482 americans have lost their lives due to a gun. 3482. there should be no controversy about universal background checks. there should be no controversy about keeping firearms out of

qualcomm racing against intel and we kind of know the story. in that environment, how do you feel about the decision that was made with apple to have such a very big buyback to use cash equivalent to 13% of your equity to buy back stock. is that the type of thing that you guys tend to like to do if you want innovative space or do you feel pushed into it because of where the market is? your stock in particular hasn't done very well over the last year. >> broadcom's innovation is our lifeblood. so we look at cash. we obviously want to run the business, but our primary use of cash is to acquire new technologies and new teams that help us drive forward and we drive through dividends and they're our uses of cash through broadcom. >> do you feel the environment in which you operate the strains of being ceo are different now that you have to satisfy an equity market that is very focused on some sort of dividend return. >> it's a challenge. you have to satisfy your customers and you have to make sure your employees are inspired and you have to give a g