dave lee has more from san francisco. several multi- billion—dollar legal battles that spanned three continents have been brought to a sudden halt. what looked like becoming an incredibly messy corporate divorce has been peacefully resolved for one principal reason, these companies really need each other. qualcomm simply must retain its relationship with the world's most valuable smartphone maker. and apple who wa nts to smartphone maker. and apple who wants to hold onto that price position needs to make sure it has the best components for the job. analysts said not using qualcomm would hinder apple's ability to create a market leading 5g smartphone. so the big loser of the day might be intel. with the apple qualcomm row in full swing, apple has started using intel components instead. qualcomm back on good terms, it is intel that could see a hit. we don't yet know any detail about the details of the apple — qualcomm settlement. we may know more next time they are the quarterly earnings in around three weeks. dave lee

dave lee reports from san francisco. moments after the sentiment was main public, intel said it was no longer making 5g modems for smart phones —— made public. that leaves qualcomm is the only realistic supplier for apple, at least until it can make its own 5g modems, and achievement a nalyst says its own 5g modems, and achievement analyst says still years away. what we don't know yet is who blinked first. did apple no intel was leaving and was forced to sit with qualcomm and fall behind in the 5g era? ordid qualcomm and fall behind in the 5g era? or did the settlement make it clear to intel that it could no longer compete, forcing it to give up longer compete, forcing it to give up and focus on other areas. we might hear more when the company's reveal the quarterly earnings at the end of the month. now, let's brief you on some other business stories. asian sales at the cosmetics giant l'oreal overtook western europe for the first time last quarter. it seems cosmetics are immune to the general slowdown in the chinese

dave lee reporting. let's turn attention to trade talks, not between the us and china in the way we tell you about on this programme. after avoiding it for more than two years, japan has now stepped into the ring for a fight. bilateral trade talks with the united states. the japanese prime minister shinzo abe is meeting with president trump in washington this week and they will meet in tokyo again in may. while the leaders are on pretty friendly terms, president trump is really not happy with the huge trade deficit the us has — nearly $70 billion. cars and automobile parts rank among the top us imports from japan. president trump has previously threatened to put tariffs on those goods. andrew sta ples put tariffs on those goods. andrew staples from the economist intelligence unitjoin staples from the economist intelligence unit join me staples from the economist intelligence unitjoin me in the studio and explained the reason behind president trump's approach to trade. president trump's thinking on trad

in silicon valley, dave lee. donald trump has started to close the us border with mexico while no action has been taken of the gift. —— has threatened to his suites are already having an impact wasn't really this week the price of avocados soared on the wholesale market by more than a third. that is because 80% of breakfast favourite consumed in the us come from mexico and it is notjust avocados that will be hit by the closure of the border, the whole raft of agricultural and industrial goods as well as tourists would be caught up in any destruction. from the london school of economics, somebody told me about the impact of the trade dispute. it seems to be another theatre of brinkmanship and a long list of brinkmanship that seemed to characterize economic diplomacy today. precisely at a time when the centre stage, us china trade work, seems to be the escalating. this does not seem to be the base case that trump will go ahead with closing the border. —— us china trade war. but if it is not, it is not somet

dave lee has been investigating. antony turner co—owns a tiny cafe just outside the city of los angeles. it's a remarkable turnaround for a man whose teenage years left him with a number of convictions, that eventually saw him sent to prison for 12 years. some of the charges were related to cannabis, and many years on, his criminal record still greatly affects his daily life. if you have been convicted of a crime in the county of los angeles in the state of california, you can't get a dog walker‘s license, you can't fly a drone. i can never adopt kids. my son, at 15 years old, i can't coach his little league team because i am a convicted felon. at the weekends, antony runs what are known as expungement clinics. these are places where members of the community can go to get free assistance in removing or reducing their criminal record. this one is funded by a new law that californians passed in 2016 that made cannabis legal for everyone in the state. as part of that law, people who were convicted of marijuana offen

dave lee has been investigating. anthony turner co—owns a tiny cafe just outside the city of los angeles. it is a remarkable turnaround for a man his teenage years left him with a number of convictions, that eventually saw him sent to prison for 12 years. some of the charges were related to cannabis and many years on, his criminal record still greatly affects his daily life. if you have been convicted of a crime in the cou nty of been convicted of a crime in the county of los angeles in the state of california you can't get a dog walker ‘s license, you can't fly a drone. i can never drop kids. my son at 15 years old, i can't coach his little league team because i am a felon. on the weekends anthony runs what is known as expungement clinics, where members of the community can go to get free assistance in removing or reducing their criminal record. this one is funded by a new law that californians passed in 2016 that made cannabis legal for everyone in the state. as part of that law, people who were convicted of ma

dave lee has been investigating. antony turner co—owns a tiny cafe just outside the city of los angeles. it's a remarkable turnaround for a man whose teenage years left him with a number of convictions, that eventually saw him sent to prison for 12 years. some of the charges were related to cannabis, and many years on, his criminal record still greatly affects his daily life. if you have been convicted of a crime in the county of los angeles in the state of california, you can't get a dog walker‘s license, you can't fly a drone. i can never adopt kids. my son, at 15 years old, i can't coach his little league team because i am a convicted felon. at the weekends, anthony runs what are known as expungement clinics. these are places where members of the community can go to get free assistance in removing or reducing their criminal record. this one is funded by a new law that californians passed in 2016 that made cannabis legal for everyone in the state. as part of that law, people who were convicted of marijuana offe

dave lee is our north america technology reporter — and attended the unveiling of disney's plans in los angeles. this is a big launch for disney because it's been in the works for several years. they would have wa nted several years. they would have wanted to launch it sooner you would resume but because of content deals they had in place with the likes of nat lex another streaming services, had to wait before they could launch their own exclusive circus in those markets. that means there has been something of a delay. the service won't launch here until november 19 of this year. in other parts of the world, it could be more than two yea rs world, it could be more than two years away before disney has another exclusive content offer for those markets. when it does launch here, it's going to be pretty aggressively priced. $69 99 for the entire year. there are some netflix packages which cost double that so it's being seen which cost double that so it's being seen as a very which cost double that so it's being seen as a very ambitious price from disney to put it out there at that level. w

here's our north america technology correpondent dave lee. alphabet‘s overall profits have been dragged down because of the european commission find of 1.5 billion euros. about $1.7 billion. over what it saw as anti—competitive advertising to esses. the fine isn't great, of course, but wall street's key concern here is that the revenue growth has now been slowing for more than a year. —— practices. there has also been increased investment on solving big rob limbs like toxic content on the video sharing site youtuber. —— problematic content. they have little to show for it. james erskine is managing director at the big shot, hejoins me now. good morning. you have been looking at their numbers. shares went down some 7% in after—hours trade. element they are fighting against the target that was set for them by the target that was set for them by the market. -- they are fighting against. it is impressive but not impressive enough. there are some extenuating circumstances. you mentioned the fine. there is also having to recruit about

dave lee in san francisco has been following the story. people were bracing themselves because this was going to be the divorce settlement to end all divorce settlements. the world's richest man, jeff bezos, who will still maintain that title after this divorce goes through. he will still have a few billion more than bill gates. mackenzie bezos is about to become the third richest woman in the world when she gets this stake in amazon that will be worth around $35 billion — 4%. one of the crucial parts of the settlement is thatjeff bezos will maintain the voting rights of mackenzie's stock which means he will not lose any power at amazon even though he is losing 25% of his stock. and that is pretty important to him. he has as much say in amazon as he did before. and that is presumably... when you look at the reaction from investors today, they seem indifferent. stock down by around 1% today, nothing out of the ordinary. it seems that the divorce settlement has pleased the couple. they went on social media to say they were happy with what

our technology reporter dave lee will explain. and the markets in asia were given a boost by the latest economic numbers out of china, with gdp in the first quarter coming in at 6.4%.

dave lee reports from san francisco. people were bracing themselves because this was going to be the divorce settlement to end all divorce settlement to end all divorce settlements. the world ‘s richest man, geoff bezos, who will still maintain that title after this divorce goes through. he will still have a few billion more than bill gates. mackenzie bezos is about to become the third richest woman in the world when she gets this stake in amazon that will be worth around $35 billion, 4%. one of the crucial parts of the settlement is that geoff bezos will maintain voting right of mackenzie's stock which means he will not lose any power at amazon even though he is losing 25% of his stock. and that is important to him. he has as much say in amazon as he does before. and that is presumably when you look at the reaction from investors they seem indifferent. stock down by around 1% today, nothing out of the ordinary. it seems that the divorce settlement has pleased the couple. they went on social media to say they were happ

dave lee reports from san francisco. people were bracing themselves because this was going to be the divorce settlement to end all divorce settlements. the world's richest man, jeff bezos, who will still maintain that title after this divorce goes through. he will still have a few billion more than bill gates. mackenzie bezos is about to become the third richest woman in the world when she gets this stake in amazon that will be worth around $35 billion — 4%. one of the crucial parts of the settlement is thatjeff bezos will maintain the voting rights of mackenzie's stock which means he will not lose any power at amazon even though he is losing 25% of his stock. and that is pretty important to him. he has as much say in amazon as he did before. and that is presumably... when you look at the reaction from investors today, they seem indifferent. stock down by around 1% today, nothing out of the ordinary. it seems that the divorce settlement has pleased the couple. they went on social media to say they were happy with what

dave lee is our north america technology reporter and attended the unveiling of disney's plans in los angeles. this is a big launch for disney because it is something that has beenin because it is something that has been in the works for several years. they would have wanted to launch it sooner, they would have wanted to launch it sooner, you presume, they would have wanted to launch it sooner, you presume, but because of content deals they had in place with the likes of netflix and other streaming services, they had to wait before they could launch their own exclusive service in those markets. that meant there has been something ofa that meant there has been something of a delay. the service will not launch here until november the 19th of this year. in other parts of the world, it could be more than two yea rs world, it could be more than two years away before disney feels it has enough exclusive content to offer to those markets. when it does launch here in the us, it's going to be pretty aggressively priced. $6.99 for the entire year. some netflix packages cost double that. it's be

dave lee has more. moments after the settlement was made public, intel, the rival chip maker, said it it's no longer making 5g modems for smartphones. that decision leaves oualcomm as the only realistic supplier to apple, at least until the iphone maker can make its own 5g modems — an achievement, analysts say, is still years away. what we don't know yet is who will blink first? did apple know that intel was backing out and was therefore forced to settle with oualcomm or risk falling well behind in the all—important 5g era? or, did the settlement make it clear to intel it could no longer compete, forcing it to give up and focus on other areas? we might hear more when the companies reveal their quarterly earnings at the end of this month. more detail on that story on our website. richard is back as promised and staying with technology, nokia, which some of us may remember, many of us all had their phones! they are looking to topple huawei. they are reinventing itself again, it was a wood company in 1

dave lee has more from san francisco. people were bracing themselves, weren't they, because this was very much going to be the divorce settlement to end all divorce settlements. the world's richest man, jeff bezos, he will still be the world's richest man once this settlement goes through, but mackenzie bezos, she's about to become the third richest in the world when she gets this stake in amazon, which is going to be worth around $35 billion, 11%. one of the crucial parts of this settlement, this deal, isjeff bezos will retain their voting rights of mackenzie bezos‘ stock. that meansjeff bezos won't lose any power at amazon, even though he is losing 25% of his stock. that is obviously pretty important to mr bezos — he has as much say in amazon as he did before. that's why, presumably, when we look at the reaction from investors today looking at this, they seem pretty indifferent. stock down by around 1% today. nothing out of the ordinary there. so, it seems that this divorce settlement has pleased the couple. let's t

this is by dave lee, by the way. they know this. "it's no good being first if you get it wrong". 0ur tech reporter chris fox has more details of what samsung says has gone wrong. they have said they will push back the release. it was supposed to come out in april the 26 in the us and on may the 3rd in the uk. that is not going to happen, it is pushed back until they find out what is going wrong. they said the initial investigation of the braking devices showed it is probably to do with the impact on the hinge area at the top and bottom where the folding screen is slightly exposed and they said in one case, they found something, a foreign object inside the hinge of the phone that had broken. so maybe blaming the reviewers for rough handling, but all the reviewers said when they posted their discoveries on twitter, they all said, we just use this like a normal phone, we we re use this like a normal phone, we were not rough at all. there has been a race to get a folding phone onto the market. we have seen the chinese giant huawei makin

dave: coming up, we dig into china's new home prices. it will be with ryan lee. this is bloomberg. ♪ dave: welcome back, you're watching bloomberg markets china open. let's look at the latest business flash headlines. deutsche bank says it could lose 20% of commerce bank revenue if the merger goes through. -- omers seeking to reduce , they could pull out of businesses worth up to $1.7 billion. the loss is the key factor in the ocean deciding whether or not an acquisition make sense. yvonne: martin winterkorn has been charged with fraud in germany as part of a diesel emissions scandal that has cost the carmaker $30 billion. he is accused with other senior managers of authorizing authorizes that allowed -- authorizer's that allowed diesel powered cars. the jail term is up to 10 years. dave: mint says the jet airways lenders -- is a national infrastructure fund. has spend it at all international flights after it failed to secure a carrier. they are only flying seven planes. yvonne: union credit has agreed to pay $1.3 billion. it is after allegations to violating s

and that's it for me adrian so many thanks dave that's it for the news hour but i'll be back with more news in just a few moments. april on al-jazeera cultlike is back with more investigative journalism and in-depth stories it's the world's third largest democracy heads to its presidential and legislative elections a documentary explores how the united states and the european union a turning a blind eye to egypt's violations of human rights prime minister modi is seeking a second time with a campaign dominated by talk of a cash man pakistan will he succeed an exclusive look at the goals behind russia's current foreign policy explained by some of the insiders who helped shape the kremlin's ideology april on al-jazeera. isn't the problem for yorktown that they really don't have a hell of a question mark over him but he does have a corruption question mark or really doesn't look good for the image to live particularly as medicare is going to do it will probably not knowing that for your side of the river you get why there's a lot of disillusionment with the us across the globe too far tha

. >> thank you so much dave habeger and our own philip lebeau, thank you very much. that does it must for "the exch" today. join melissa and tyler on "power lunch" which begins right now. >> i'm melissa lee with ty matheson beginning with a bang. should you keep with the rally is it a savvy move to get ahead of the heavy hand? and america's retirement crisis about a third of households have less than a thousand dollars in savings. the alarming stats and sound solution to secure your financial future "power lunch" starts right now >> hey, everybody. good afternoon, welcome to "power lunch." i'm tyler mathisen it is a rally on wall street this is no april fool's joke, as you see right there. 276 points higher right now. stocks fluttering around session highs. the dow posting its biggest one day gainsince mid february so check out lyft in the meantime those shares going the other way, tanking on their second day of trading falling below the ipo price. below $70 earlier today. now at $70.50. let's go to bob pisani on the floor of the new york stock exchange with the trad

. >> thank you so much dave habeger and our own philip lebeau, thank you very much. that does it must for "the exch" today. join melissa and tyler on "power lunch" which begins right now. >> i'm melissa lee with ty matheson beginning with a bang. should you keep with the rally is it a savvy move to get ahead of the heavy hand? and america's retirement crisis about a third of households have less than a thousand dollars in savings. the alarming stats and sound solution to secure your financial future "power lunch" starts right now >> hey, everybody. good afternoon, welcome to "power lunch." i'm tyler mathisen it is a rally on wall street this is no april fool's joke, as you see right there. 276 points higher right now. stocks

for "cbs this morning," lee cowan, denver. >> 20 years later, you still feel the pain and he's one of the survivors. >> he's one of the survivors. >> yeah. on the podcast, cbs evening news anchor jeff glor talks with dave cullen, author of the book "columbine", talking about the lessons we learned and how our understanding of school shootings has changed in the two ♪ (vo) i know what you're thinking. electric, it's not for you. and, you're probably right. electric just doesn't have enough range. it will never survive the winter. charging stations? good luck finding one of those. so, maybe an electric car isn't for you after all. or, is it? ♪ ♪ >>> in today's morning rounds, apps are being used for everything from tracking your diet to your daily steps and even your pregnancy. but that health related data may not be as safe as you expect. recent research published in bmj found 79% of the top medication related mobile apps shared user data in ways that may compromise sensitive information. the study said the apps could pose a, quote, unprecedented risk to consumers' privacy. wired

dave lee will have the details. hello and welcome to the programme. boeing has said that last month's ethiopian airlines crash involved the plane's anti—stall system being triggered by a faulty sensor. in this statement the company also confirms that the same thing happened during a lion airflight, which also crashed. both planes were brand new boeing 737 max 8 aircraft, with this newly developed anti—stall system called mcas. they released the statement in response to an initial report by ethiopian investigators and there were more revelations from that. here's ethiopia's transport minister underlining that when the problem occurred, the pilots had followed instructions given by boeing. the crew performed all the procedures repeatedly provided by the manufacturer but was not able to control the aircraft. in the last few minutes we have heard from a ceo at boeing, he says the anti stall—system can add to the workload of pilots. he says... that is just coming into the newsroom. previously it had been suggested that the pilots may not have been aw

dave lee is our north america technology reporter and attended the unveiling of disney's plans in los angeles. this is a big launch for disney because it is something that has been in the works for several years. they would have wanted to launch it sooner, you would presume, but because of content deals they had in place with the likes of netflix and other streaming services they had to wait before they could launch their own exclusive service in those markets. that means there have been something of a delay. the service won't lodge here until november the 19th of this year. in other parts of the world it could be more than two years away before disney feels it has enough exclusive content to offer to those markets. when it does launch here in the us it is going to be pretty aggressively priced. $6.99 or $69.99 for the entire year. there are some netflix packages that cost double that and so it is being seen as a very ambitious price from disney to put it out there at that level. joining us now is alice enders, head of research at enders analysis. disney execs have been talking about