broadcom earnings are out. >> reporter: courtney take a look at shares of broadcom moving higher by as much as 2% in extended trade thanks to a four cent beat on its bottom line revenue came in higher than the street anticipated, revenue up 6% from the prior year period. the company saying despite a challenging market backdrop for our semiconductor solution segment, record profitability in fiscal 2019. raising their dividend shares have come off the high fractionally back to you. >>> let's bring in senior analyst over as susquehanna international. where are expectations and what's working >> sure. we think there might be a little bit of confusion here on the result just because some analysts have included samantha their most recent acquisition and some haven't if you include the semantic for the full year it's light maybe lighter than expectations. but besides that dividend and that dividend raise is actually perhaps a little bit better than expected, so maybe that has some long term investors. >> integration friction? >> it's a little unclear right now very limited information. this o

we've got full team coverage to break down the names seema modi breaking down with broadcom and josh lipton with more on oracle quarter. >> brian in terms of the quick take from the street i caught one patrick wahl raven from j and p security sturts we want to see sustained growth. did not get it here. data base grew that was a miss and other growth in line with expectations cf oh on the call calling it a solid strategy she expects revenue growths rates to increase. you will see us expand margins and grow eps double digits for the foreseeable future she gave guidance q3 revenue expected to grow 1 and 3%. non-gap eps growing between nine and 11%. between 9 and 57 cents she expects constant revenue will grow faster than last year. reporting double-digit growth for the year larry ellison on the call talking rivalless he says they have old technology and the customer base in his words is up for grabs. and finally brian i want to end on adobe bring you those results. remember that stock up 35% year to date. heading into the print they reported 229 on revenue of 2.99 billion that was a bea

broadcom and adobe moving higher. oracle down 2% after missing analyst estimates unflagging licenses. let's stick with earnings and the affect on corporate management. corporate leaders manage short-term results such as quarterly earnings, but it can come at the expense of long-term interests. our next guest wrote a book on this. with us. his book is set for release next month. him, presidento trump has signed off on the u.s.-china trade deal to avert the december tariffs. those december 15 tariffs will not come into effect. no signatures have been put to paper. it is not completely official, but the president has agreed to this u.s.-china trade deal in principle. phase one, that is. joe: it is kind of phase everything for the market. these are serious long-term structural issues about the relationship. are intohink people them as they are about the tariffs. if the tariffs are off the table, questions about ip, industrial policy can fade for now. aboute: it is also progress. phase one is a sign they are still talking.

with us. >> you have a fellow from broad caminero ca, a great relationship >> yes we're tight with broadcom and with the cea acquisition we have the former number two finance guy who came aboard at extreme but the broadcom has the best merchant end to end and it's not about cisco anymore for driving networking, which is kind of interesting, because they have 55%, 60% market share. it's really about the cloud guys so it's really going to be, you know, google and microsoft and -- they tear ones that are driving it if you look at broadcom, their merchant, silicon, with these hyperscale cloud providers out there or arista and then they're also in the iphones. iphone 11, for example, with the chip at the end to end, it's broadcom chip sets and merchant silicon, programmable we just write software >> got it. you are a worldwide company. you tacked about germany, italy. but you're everywhere, right >> right >> some is from aero, this acquisition. tell us about that it put you on the map. >> what aero hyde does is brings us to the cloud. we've always been software driven i mentioned r&d is all abou

broadcom is the only what is called merchant silicon vendor. supplied cisco as well for some of their lower and stuff, so they have clearly -- they clearly will not enjoy this. this is much more competition coming into the market for them, and intel which is also a cisco .upplier cisco is now saying they will stuff to rival them as well. has ciscot else announced and what could we expect in the broader lineup in the coming years? ian: 5g will be needed to move a lot of the data around and they a new router. transmitting data over fiber-optic cables is kind of becoming a bottleneck, and cisco says it will put a lot of money into making sure that does not become a bottleneck. taylor: you talk about that new component for 5g. who else should we be looking at? has obviously been a huge supplier to the market outside the u.s. the u.s. government does not want huawei in this country, so the competitive landscape is arguably a bit more fragmented than it has been in a long time. taylor: thank you to bloomberg's ian king. plenty more global stories ahe

breaking news in broadcom. dow jones reporting the company is seeking a buyer for the radiofrequency wireless chip. they are negotiating. a unit that could be valued at about $10 billion. you can see broadcom on the move. up 2% we will keep an eye on that. shery: given the corporate news and the impeachment vote, it is not surprising investors may want to just sit on the sidelines. take a look at these odds. trumprket saint president is going to be impeached. they are at a high. it is also likely he completes his first term. not surprising that given after the vote, it goes to the senate. it is a republican-controlled senate. they will begin trial next week. -- next month. mitch mcconnell think there is zero chance the president will be convicted and removed. you need a two thirds vote in the senate. let us turn to the house of representatives where we are seeing that debate. that is expected to be around six hours. the vote expected to make president trump the third u.s. president in history to be impeached. c

heavyweight broadcom they're looking to sell their radio frequency wireless chip business pretty soon it's generated 2200000000 in revenue fiscal year 2019 the most likely buyer though here is apple which uses this chip in its phone so what can you tell us about this and why is apple interested now in building its own in-house modem business. well this r.f. device the company that broadcom is going to be looking to sell is primarily used for filtering for the 5 g. network and we know that 5 g. is really going to be a big thing in the future and so really looks like apple is going to be the likely buyer of this because well they have a vested interest in this with 5 g. with cell phones and vertical integration i mean we see that vertical integration for big companies is really important because it helps lower costs just as we've seen with amazon trying to vertically integrate their shipping services as well and so that's what we're looking at and i think that it makes a logical step and for whatever reason broadcom want to get out of it maybe just spend it off. now let's move over to s

heavyweight broadcom. they're looking to sell their radio frequency wireless chip business pretty soon it's generated $2200000000.00 in revenue fiscal year 2019 the most likely buyer though here is apple which uses this chip in its phone so what can you tell us about this and why is apple interested now in building its own in-house modem business. well this r.f. device the company that the broadcom is going to be looking to sell is primarily used for filtering for the 5 g. network and we know that 5 g. is really going to be a big thing in the future and so rude looks like apple is going to be the likely buyer of this because well they have a vested interest in this with 5 g. with cell phones and vertical integration i mean we see that vertical integration for big companies is really important because it helps lower costs just as we've seen with amazon trying to vertically integrate their shipping services as well and so that's what we're looking at and i think that makes a logical step and for whatever rea

heavyweight broadcom they're looking to sell their radio frequency wireless chip business pretty soon it's generated 2200000000 in revenue fiscal year 2019 the most likely buyer though here. is apple which uses this chip in its phone so what can you tell us about this and why is apple interested now in building its own in-house modem business. right well this r.f. device the company that the broadcom is going to be looking to sell is primarily used for filtering for the 5 g. network and we know that 5 g. is really going to be a big thing in the future and so really looks like apple is going to be the likely buyer of this because well they have a vested interest in this with 5 g. with cell phones and vertical integration i mean we see that vertical integration for big companies is really important because it helps lower costs just as we've seen with amazon trying to vertically integrate their shipping services as well and so that's what we're looking at and i think that it makes a logical step and for whatever reason broadcom want to get out of it maybe just spend it off. now let's mov

mad dash. >> everyone is all over the place in broadcom. as the call went on, the stock was up 10, it went down 2, then 3. i think people should step away and understand hoch tan made that pivot when he bought ca, the deal is working. the problem is people don't understand how the semantic deals work rick hill sold him rick is driven rick hill sold them to this part of semantic that they really need to do a major reorg for and the reason why this was a defensive call, there was not enough known about semantic and people are negative on semantic. cisco came at them with both barrels. cisco is offering exactly the same silicon that they're offering so there was a cisco post that tom couldn't answer and a broader question of how good semantic is. take it all away. >> what about the chip business? >> yes, thank you. the networking business is what matters. and it is doing well and side show has gotten in way of the story. >> have they gotten past earlier this year. lower target because of huawei and -- >> accelerated i think people should step

she liked palo alto networks up 8% and broadcom which is1% higher. nancy tangler is back with us gh to of course chief investment management thanks for joining us. >> you too bill thanks for having me. >> we are talking dividend you started wh united technology they have a good dividend. >> it's about a y%ld. the company announced acquisition of raytheon. investors didn't like the news but we tnk it's improving the balance sheet. and decrease risk in the company by increasing exposure to aerospace. we -- this is a ceo who is -- has been very good at quisitions, rockwell included, raising the dividend handily every year. and you'r -- investors are getting carrier on on theis next year. theyet two additional holdings. you are sticking with broadcom. lastime up 11% and you are staying with it. why? >> this is anoth ceo y just don't want to bet against hoktan did the computer associates acquisition that had investors up i arms. yet he is paying out 50% of free cash flow, raised the dividend 23% this year making the announcement and grown the dividend at

broadcom marrow think that, for print 8% -- mirroring that, for .8% lower. broadcom labeling some of its units as core assets and others assets, which has wall street thinking there could be some potential domestic tours. -- divestitures. guy: we have the u.k. election story, just had boris johnson over the last couple of hours. we have the trade story with the chinese press conference and the developments surrounding impeachment in washington. let's go to washington where we are joined by adam posen, president of the peterson institute for international politics. let's talk about what is happening in the united kingdom. pop inhas gone through a the u.k. assets, but the question is what does the future trading arrangement look like the e.u.? we are going to get brexit probably the start of next year but then we start the negotiation toward the final settlement. what kind of business model is boris johnson likely to want to proceed with? is it closely aligned with the e.u. or is he looking for a more leaves deal? -- loose deal? adam: thank you for having me o

everybody in this market has really been reliant on broadcom. supply at cisco for some of their lower and stuff -- lower end stuff. they clearly will not enjoy this. intel, which is also a cisco supplier. cisco is now saying they will offer our stuff to rival them as well. shery: what other products has cisco announced and what could we expect in the product lineup in the coming years? need theetworks will back end, the data centers to move them around. they are offering a new router. they talked about fiber optics, which is not particularly exciting for most people, but basically transmitting data over fiber-optic cables is kind of becoming a bottleneck, and cisco says it will put a lot of money into making sure that does not become a bottleneck. taylor: you talk about that new component for 5g. who else should we be keeping our eye on as 5g competition heats up? ian: huawei has obviously been a huge supplier to the market outside the u.s. clearly one of the key stumbling blocks in the trade war has been the u.s. government does not want huawei

having a rough day overall a nice year i think broadcom is going to remerge abgo end of the year. >> writing those down to follow up with you on that, thank you as always. >> see. >> biyou can't escape them we are escaping scottie but every time i try to block one number another one comes up, robocallers on the rise now using a household name, to get you to pick up. we have the details next. ♪ you are the one... nothing shines brighter than you. you are my rock... nothing is stronger than you. you are one-of-a-kind. i love every facet of you. you are my diamond. for the diamond in your life, there's only one diamond store. zales. it's the "you are my diamond" event. get 30 % off everything including these one of a kind deals. exclusively at zales, the diamond store ( ♪ ) sure, the content's easy. but then you have to connect, download, edit, reformat, output, save, send, upload... still uploading... and maybe eventually post. this isn't working. introducing samsung business video solutions. with the galaxy note10, you can shoot, edit and post thumb-stopping videos, all from one d

after the bell, broadcom reported i thought it was a good quarter. more importantly gave a big dividend boost, and that works too. go by fractional shares. it's 300 bucks what else? i think people are wagering too much on some of the traditional cycles here, and that mean you've got to by thinking about caterpillar, honeywell or commons. their numbers might go up, but i don't go crazy with them i would love to recommend boeing if they can just fix the 737 max. unfortunately, it doesn't seem that they can. charitable trust owns this these we have to be careful, because the numbers can still come down. you know what should catch fire, maybe though it shouldn't, energy i think the machines that control so much of the day to day action are set to buy on news i discover these things. schlumberger, probably best in show chevron did well today exxon down and out bp. those are trades like caterpillar, cummings, don't overstay your welcome with any of these now, let's reel down let's get excited. let's go to hasbro mattel. they've been trying to shift their s

with our sales of apple, we have been adding to broadcom, initiated positions in the peloton networks, sales force. we have been staying in the tech space. some of the consumer discretionary's have been forced out. you have to really pick and choose. with our sales of apple, we have been addinghome depot i. we are exposed to energy what kind of on the sidelines. the cyclical trade -- i know everyone is talking about it. we are going to let things settle for the time being. vonnie: how are you talking to your clients about the election, campaign? i presume it is on clients minds already. nancy: it is. it is starting to firm up. when we had dozens of democratic candidates, it was hard to even get a sense of where the primary is going. think, are down to, i six. it looks like joe biden is still in the lead, probably a little friendlier for business. we pay attention, but i always don't investnts, in politics. stocks can go up in democratic or republican administrations. we are watching for what it means for health care, for example, and some of the other spaces. internet providers, which

broadcom now expects full-year t 2020 revenue come in above wall street estimates. citing strong demands for the chips as the 5g technology continues to be rolledut. the stock was volatile in after hours, closing the regular session up more than 2% to 327.80. >>> and costco reported lower than expected qevrterlyue dragged down by a slowdown in e-commerce warehouse. the digital sales grew more than 5%. but it rose more than 2 in the previous quarter. the stock was volatile in initial after hours trading. closing the regular sessionp a fraction to 297.34. >>> google, facebook and twitter oversight of the platforms rove because regulators in washington have been discussg ways of making changes that could hold youtube and facebook liable for the content they host. julia boorstin has more. >> reporter: youtube strengthening the anti-harris harassment policies rhlts removing videos that insult based on race, gender or sexual orientationulpen on private people attack or public figures. threats to inc veiled ban on threats or explicit.yo ube content creatorers say they brus

lam research and broadcom gaining more than 50%. consumer stocks pushing the nasdaq higher. yoga pant maker lulu lemon rising 67% since the 8,000 mark, starbucks gaining 66%. charterne communications of the biggest cable providers in the nation gaining more than 59%. theso-called fang. and microsoft had the biggest impact on the index. but they were mixed on the road to 9,000. stocks they typically gbo a t this time of year. the so-called santa claus rally. but with the nasdaq chosinging at another record, some experts believes the gai could be more than just seasonal. for "nightly business report," frank holland. > also helping to proposal the sdaq has been apple. it's also been the bestng perfortock in the dow this year, rising about 83%. that gain has put apple on track for best year in a decade. so where do apple and the r tt tech stocks in the nasdaq go in 2020 in chris wrestler joins us now, portfolio manager with the needham growthan fund for joining us tonight. >> hey, bill, how are you. >>>fare far and away most money managers when i ask the favorite seort's usually

meanwhile, notable earnings reports scheduled today include costco, broadcom, and oracle. stocks closed higher yesterday led by gains in tech and industrial shares. the dow was up 29 points, the s&p 500 added 9, and the nasdaq gained 37. >>> uaw workers have approved a labor deal with fiat chrysler. the contract includes fiat chrysler investing $9 billion in u.s. manufacturing and the creation or retention of 7,900 jobs. it is similar to agreements at general motors and ford. fiat chrysler was the last of the three major automakers to close its contract with the union. >>> toyota is recalling certain prius models due to a speedometer malfunction. it involves 3,800 2019 prius hybrid hatchbacks. the automaker says an electrical glitch could cause the speedometer and fuel gauge to become inoperative. toyota says the problem could divert drivers' attention, increasing the risk of a crash. owners can take their vehicle to a dealer to be checked out. and if needed, the problem will be fixed for free. >>> glassdoor is out with its annual list of 100 best companies to work for bas

work solutions a wilburn massachusetts base company that makes similar chips it also used parts from broadcom incorporated the san jose based maker bluetooth and chips and cirrus logic incorporated in austin based company that makes chips for producing sound they've replaced all the ships with their own or other alternatives now well i'd love to see america get back in the race but it needs entrepreneurial ism and you would knave.

. >>> broadcom isor rdly looking to sell a wireless chip unit. thewall street journal" t suisse ist cre helping the chick maker finding a buyer and could be worth $10b llion. shares up more than 1% to 327.44. >>> and aer the bell micron posted better than expected perngs and revenue thanks to strong demand for memory chips. shares rose in after hoursad g closing the regular session up a fraction to 53.04. >>> all this week getting ready for the glory by bringing back market monitor guests. tonight's guest has names of three quality growth stocks. yoing us annual bond from the jensen quality growth fund. last time he was on i february he recommended united technologist which has risen 27%. microsoft up and pepsi, which has risen 22%.e ome back alan, nice to see. >> you thank youprocess. >> that's a nice scorecard tot stut with. three.ock you like -- we have first one is sbut. why do you like it? >> ye iuit is a financial management software company with brands such as turbo tax and quick books backup we think the strength of the brands and high cu

corporate earnings and sharp moves from the likes of broadcom, origacle, and adobe. and the u.s. is weighing new 100% tariffs on new european products, including whiskey and cognac plus, a big interview just minutes from now morgan stanley ceo james gorman, a live and exclusive interview right here at the exchange joining us for the hour is lindsay bell, chief investment strategist at ally invest. good to see you today, lindsey we're seeing the markets kind of shrug over these trade headlines, why >> i think the market has really priced in a phase i deal getting done the news in the early morning market got excited and that quickly got deflated the market is up 26% year-to-date it's trading at an 18 times multiple which is pretty rich by historical standards this is really just the market kind of taking a breather and waiting for earnings and the economic data to really get caught up to those earnings multiple >> we are set for record all-time closes. anything positive for the s&p and nasdaq would be a record the dow needs to see a little bit more than it's got on the books at th

work solutions will burn massachusetts based company that makes similar chips it also use parts from broadcom incorporated the san jose based maker bluetooth and chips and cirrus logic incorporated in austin based company that makes chips for producing sound they've replaced all the ships with their own or other alternatives now well i'd love to see america get back in the race but it needs entrepreneurial ism and you would need the this aeration in scorched earth tearing down of all the zombie banks that are there only because of cheap rates right and they suck up 3040 percent of the g.d.p. of the economy of the united states of america so there's no room for entrepreneur alyssum anymore not a not on a world class basis i mean you have people coming up with you know great ways to you know pocket fisherman or something like that you know novelty products that we sell out here in the u.s. but nothing serious in fact nothing serious is in this next headline again ray dally you know and i believe he's been watching the kaiser report because i notice they keep on coming out with statements or new

work solutions will burn massachusetts based company that makes similar chips it also used parts from broadcom incorporated the san jose based maker bluetooth and chips and cirrus logic incorporated in austin based company that makes chips for producing sound they've replaced all the ships with their own or other alternatives now well i'd love to see america get back in the race but you'd need entrepreneurial ism and you would need the this aeration in scorched earth tearing down of all the zombie banks that are there only because of cheap rates right and they suck up 3040 percent of the g.d.p. of the economy of the united states of america so there's no room for entrepreneur alyssum anymore. not on a world class basis i mean you have people coming up with you know great ways to you know pocket fisherman or something like that you know novelty products that we sell out here in the u.s. but nothing serious in fact nothing serious is in this next headline again ray dally you know and i believe he's been watching the kaiser report because i noticed that keeps on coming out with statements or news

work solutions a wilburn massachusetts based company that makes similar chips it also used parts from broadcom incorporated the san jose based maker. chips and cirrus logic incorporated in austin based company that makes chips for producing sound they've replaced all the ships with their own or other alternatives now well i'd love to see america get back in the race but it needs entrepreneurial ism and you would need. this aeration scorched earth tearing down of all the zombie banks that are there only because of cheap rates right and they suck up 3040 percent of the g.d.p. of the economy of the united states of america so there's no room for entrepreneur alyssum anymore not a not on a world class basis i mean you have people coming up with you know great ways to you know pocket fisherman or something like that you know novelty products that we sell out here in the u.s. but nothing serious in fact nothing serious is in this next headline again ray dally oh and i believe he's been watching the kaiser report because i noticed a huge sign coming out with statements or newsletters or blog posts or

work solutions will burn massachusetts based company that makes similar chips it also used parts from broadcom incorporated the san jose based maker bluetooth and chips and cirrus logic incorporated in austin based company that makes chips for producing sound they've replaced all the ships with their own or other alternatives now well i'd love to see america get back in the race but it needs entrepreneurial. i'm and you would need the this aeration in scorched earth tearing down of all the zombie banks that are there only because of cheap rates right and they suck up 3040 percent of the g.d.p. of the economy of the united states of america so there's no room for entrepreneur alyssum anymore not a not on a world class basis i mean you have people coming up with you know great ways to you know pocket fisherman or something like that you know novelty products that we sell out here in the u.s. but nothing serious in fact nothing serious is in this next headline again ray dally you know and i believe he's been watching the kaiser report because i noticed that keeps on coming out with statements or

broadcom rose on reports it is looking to offload one of its chip units. dow jones says it is working with credit suisse to attract bids for its radiofrequency arm, something that would accelerate this move away from being simply a maker of semiconductors. it has revenue of more than $2 billion in the 2019 fiscal year. coming up next, we will have the latest on the house's impeachment push as lawmakers gear up for historic boats. you are watching live pictures of capitol hill as president trump could become the third u.s. president in history to be impeached. this is bloomberg. ♪ >> it takes time sometimes for the fundamentals to assert themselves. >> some of our guests with their outlook for the full year. global stocks are trading near all-time highs, but there may be a few near-term catalysts given that we are seeing signs of overheating, as you can see in the chart right here on the terminal, and on wednesday, the s&p 500 closing slightly higher after a record-setting rally, trading in the highest range we have seen since 2017. ignored stagnant earni

work solutions will burn massachusetts based company that makes similar chips it also used parts from broadcom incorporated the san jose based maker. chips and cirrus logic incorporated in austin based company that makes chips for producing sound they've replaced all the ships with their own or other alternatives now well i'd love to see america get back in the race but you'd need entrepreneurial ism and you would need. this aeration scorched earth tearing down of all the zombie banks that are there only because of cheap rates right and they suck up 3040 percent of the g.d.p. of the economy of the united states of america so there's no room for entrepreneur alyssum anymore not a not on a world class basis i mean you have people coming up with you know great ways to you know pocket fisherman or something like that you know novelty products that we sell out here in the u.s. but nothing serious in fact nothing serious is in this next headline again ray dally you know and i believe he's been watching the kaiser report because i notice they keep on coming out with statements or newsletters or blog

work solutions will burn massachusetts based company that makes similar chips it also used parts from broadcom incorporated the san jose based maker bluetooth and chips and cirrus logic incorporated in austin based company that makes chips for producing sound they've replaced all the ships with their own or other alternatives now well i'd love to see america get back in the race but you'd need entrepreneurial ism and you would need the this aeration in scorched earth tearing down of all the zombie banks that are there only because of cheap rates right and they suck up 3040 percent of the g.d.p. of the economy of the united states of america so there's no room for entrepreneur alyssum anymore not a not on a world class basis i mean you have people coming up with. you know a great ways to you know pocket fisherman or something like that you know novelty products that we sell out here in the u.s. but nothing serious in fact nothing serious is in this next headline again ray dally you know and i believe he's been watching the kaiser report because i noticed that keeps on coming out with statements

work solutions will burn massachusetts based company that makes similar chips it also use parts from broadcom incorporated the san jose based maker. chips and cirrus logic incorporated in austin based company that makes chips for producing sound they've replaced all the ships with their own or other alternatives now well i'd love to see america get back in the race but it needs entrepreneurial ism and you would need the. ration in scorched earth tearing down of all those banks that are there only because of cheap rates right and they suck up 3040 percent of the g.d.p. of the economy of the united states of america so there's no room for entrepreneur alyssum anymore not a not on a world class basis i mean you have people coming up with you know great ways to you know pocket fisherman or something like that you know novelty products that we sell out here in the u.s. but nothing serious in fact nothing serious is in this next headline again ray dally oh and i believe he's been watching the kaiser report because i noticed a huge sign coming out with statements or newsletters or blog posts or conv

broadcom not to mention micron which supports this week it's fan louse laws. who else wins? we know some of the retailers have done a great job mitigating t tariffs. kohl's and macy's, the big m, which is why their stocks have been roaring since we learned about this deal. they were pure trade war victims. i didn't say road kill i've been very much an ambassador of good will. then there's the banks in the technology place these companies should be able to start operating without bogus local joint ventures thanks to the strength of these players, everything goes up. i will give a nod to a less inverted yield curve it's a stock that i really like. okay now, then there are the oils remember, when ever you think that the global economy could accelerate, wall street knee jerk reaction is to buy the oils, any oils the etfs move every one of the oils higher. i continue to favor the stock of slummer. we call it slob 5% yield and they got the money to pay it beyond china there's another set of winners today the the buyers came in they bought splunk they bought coupa. that's bill mcde

broadcom is weighing down on the stocks index. phasecould be included in two. a little bit skeptical here, taking a little bit of breathing room. they are underperforming today by about 0.6%. mike? mike: one thing that it outperforming today is investment grade bonds. that is the big ishares investment grade, up today, which is not too surprising. high setting a new record today and it is extending its total return for 2019 to almost 17%. that means it is poised for its best total return since this etf was created in 2002. also a good sign that we will see investment grade spreads close tighter today. the u.s. corporate aggregate index fell below 100 basis points spread for the first time in 21 months. likely that we will see those ig spreads close even further below. romaine: thanks to taylor, mike, abigail. still with us on the desk right ,ow, bloomberg news reporter katie gry felt, and joining us now, david balin. david, i want to start with you. it has been an eventful weekend month. a lot of encouraging signs about the economy, the state of trade. how bull

romaine: broadcom and adobe reporting earnings after the bell tomorrow. is nextrg technology" in the u.s.. joe: have a great evening. this is bloomberg. ♪ taylor: i'm taylor riggs in san francisco. in for emily chang. this is "bloomberg technology." coming up, here is an earful. listening to your most intimate moments. we will talk about the smart speaker praised and how comfortable consumers are with the conversations being transcribed. plus, facebook and google drop out of their canvas -- their 10 best

. >> it does broadcom selling its rf business, which was what it built the business on to some extent but apparently apple is not interested in that some thought there to your point that when they want to vertically integrate for themselves, they might have interest in it they make their choices in terms of what they want to own and what they are happy to have providers for. >> yeah. >> just on the broader m&a point, i look at the indicators that say, you know, things are getting a little giddy and investors are -- if you look at m&a volumes as a percentage of market cap, we're really lagging right now. so it is kind of an interesting, you know, nonconfirmation of the idea that the market is in this, you know, full all out bull market mode. that's, you know, you would think at this stage, a lot of things have been cleared maybe it is the common 2020. you haven't seen lots of snowballing kind of big strategic mergers, high concept mergers, things like that. >> that don't discount the regulatory gates, particularly for large deals that require antitrust tier has become a weird crap shoo

qualcomm, broadcom, skyworks. the fact that you have the apple complex, it speaks to the rally this year. it may suggest that some investors, there may not be a deal getting done this year selling off these apple suppliers in particular. taylor: it is notable that almost a year ago, on christmas eve, we had that massive selloff. since then, a big run up. where do we stand? abigail: what an ugly day that was and what an ugly december last december was. people are wondering, will we climb the wall of worry? or, too far, too fast? on this year, basically from those lowe's companies s&p 500 heading to its best day since 2013 if you use that as a gauge of what may be ahead, investors would be rightfully fearful. you see gains. history probably suggests that the s&p 500 may finish up slightly. a rough start certainly on these trade concerns we are talking about. taylor: abigail doolittle, thank you for joining. shares of salesforce falling in after hours trading even after they boosted full-year earnings. the software c

qualcomm, broadcom, skyworks. the fact that you have the apple complex, it speaks to the rally this year. it may suggest that some investors, there may not be a deal getting done this year selling off these apple suppliers in particular. taylor: it is notable that almost a year ago, on christmas eve, we had that massive selloff. since then, a big run up. where do we stand? abigail: what an ugly day that was and what an ugly december last december was. people are wondering, will we climb the wall of worry? or, too far, too fast? on this year, basically from those lowe's companies s&p 500 heading to its best day since 2013 if you use that as a gauge of what may be ahead, investors would be rightfully fearful. you see gains. thatry probably suggests the s&p 500 may finish up slightly. a rough start certainly on these trade concerns we are talking about. taylor: abigail doolittle, thank you for joining. inres of salesforce falling after hours trading even after they boosted full-year earnings. the software company is

some other once, broadcom on the up side. seeing a smattering of industrial stocks his new highs. stanley works. illinois tool, dover corp, these are deep global industrial names, particularly illinois tool works and dover, you want to see them breaking out most important thing is the breakout in banks. all of the big banks are hitting 52 week highs. quite a move up in the yield 8, 9 basis points in the ten year, and the curve itself you see the money center banks, jpmorgan, citigroup, a bunch of super regional, fifth third, morgan stanley, bank of america, goldman, sachs, 52 week highs. and if you get this move up in yields, people start talking about the idea that maybe some of the inflation targets could be met as well all sort of things could happen. we still don't have the terms of any deal that's of course what we're waiting for now. back to you. >> yes, indeed, and it is not just us. perhaps cupertino waiting to see if the china deal is indeed close. apple shares have been on a tear, outperfeorming the s&p the impact of the 15% tariffs slated to go into effect sunday. wedbu

yes, it's the green light to micron, qualcomm yes, you can buy broadcom. you can do annual log devices. that's what's working as long as the rotation lasts what do we do with the stocks that have been kicked off the runway as i told you earlier this week, the selloff on the high flying growth stocks tend to last for a week or weeks. sometimes longer do we really need the stock of amazon when we can own the much less dividend and buy back apple? what's the peeloff alphabet stock rallied but that's an anomaly with investors breathing a sigh of relief as the found beers stepped down with co-ceos taking the helm is good news for that stuff there's one big problem with the trade-related rotations. they're all as temporary as tortuous they don't buy billions of dollars in pork. will the slow ones later be fast because the times, they are a changing if the president says he's not rolling back tariffs, the december 15th tariff hikes go into effect. you want the stocks being sold today, not the ones being bought that's why i recommend using these rotations to readj

. >> i agree i mean they're going up against broadcom i thought the presentation they did was very, very good and also right up against a net doing a soup to nuts plan not available for six or seven months but they're ready people, i urge people look at the video. i think the cisco presentation that chuck robbins gave today makes me think buy buy buy ohere in minnesota >> caller: hi, jim thank you. ets hedge -- do you think i should buy more? >> no, i'm going to overrule and go with accenture. be careful let's go to gregory in florida gregory. >> caller: jimbo, another booyah from miami thank you for all your hard work, my friend. >> thank you >> caller: the company i'm calling about tonight is called -- it's currently being reviewed by the fda. if approved it would be the first treatment for a food allergy, like peanuts. ticker is amt -- >> we have liked it from the beginning because we think the food allergies are far worse than people realize and that, ladies and gentlemen is the conclusion of the lightning round. >> announcer: lightning round is sponsored by td ameritrade ♪ ♪ ♪

what a lot of folks might not have focused on, yeah, they know it is a tech stock and they're saying broadcom or avago and some of the misses that were there and perhaps some of the move by apple away from some of those products might be good for synaptics. sure could be. look at the valuation? $2.1 billion stock, i think, something like that. last time i checked beats was 3 million. so, when you see a stock moving like this and there are a lot of these. this is not up 70% on the year. it's up almost like amazon i think those are going to be stocks, especially those under 5 billion that people are looking at in 2020. >> continue on the stock plays and then we'll finish this conversation with a note from a friend of the show that is going to have you talking. i'm sure of that we'll tease that ahead we'll get to that. 11 stocks for 2020 from bank of america today. disney, carmax, tyson foods, exxon mobile, goes to some of the energy plays citigroup, intel, kimco, densply and american electric power. big plays into 2020. it's a stock from each sector. >> right >> so, let's go sector hunting >> q

people want broadcom they report after the bell the stock is at an all time high and the stock is still low multiples. still good yield and i think it will have an upside of surprise because ca was bought. doing quite well that's one if you believe there is going to be a deal and first time the president i think says they want one and we want one which is different do i necessarily want one? that's beside the point. >> plus, you'll have adobe and oracle. >> adobe is a big interview. will they maintain 20% guidance? a remarkable company robin hood has helped younger people invest. >> you keep telling me 10 million accounts i keep hearing you saying that. >> it's news and important >> i've been listening >> want me to talk about the jets versus baltimore? >> no, it's the reason for the ameritrade merger in some ways. >> that's all i wanted to know. >> i didn't know whether you felt that it's time for le'veon bell to stop bowling and stop runing >> schwab gets an upgrade. >> compass point a lot of new firms out there >> jim, big day today. we'll see you tonight. >> it is a huge day. >> "ma

we're seeing amd, micron, we saw broadcom move from negative to positive so far a somewhat positive day for the nasdaq, starting off in early trading. back over to you. >> frank holland, thank you. >>> when we return, 2020 playbook on tech also ahead, investors and chipotle have big reasons to celebrate. stock is up more than 90% this year we'll talk exclusively with ceo brian niccol about his company's game plan for growth in 2020 "squawk on the street" will be right back ♪ >>> welcome back major averages now fractionally higher, but that better way to end 2019 than with a look at tech it is this year's top performing sector so what about the road ahead josh lipton has the 2020 playbook on tech >> tech is on a tear the best performing sector this year, here are three predictions for next year. first, apple makes its 5g move the global 5g rollout is under way. promising super fast wireless speeds, apple will unveil its own 5g iphone in september but it won't be just new hardware expect new 5g enabled experiences too, perhaps in augmented reality. you can bet that with a major network

the chip and stocks that powered it trading lower today broadcom having the biggest negative impact. but it is low volume trading now over to bob pisani at the new york stock exchange. >> it's low volume trading, frank, but we've got a little buy program that's been coming through in the last 20 minutes pushing the markets to new highs. the leaders down here. moving through, we've seen some of the industrial names and technologies caterpillar, for example, in the last 15 or 20 minutes. a little move up there, that pushes up nicely caterpillar also consumer staples names have moved up. i say it's kind of a broad little push in the last 15 to 20 there's coca-cola. nice little move highs for the day. there's the closing bell not just the nasdaq composite at a new high the new york stock exchange composite also at a new high the dow breaking through 100 points s&p 3239 >>> and welcome to "closing bell." i'm carl quintanilla in for wilfred frost. >> i'm seema mody in for sara eisen. along with mike san totoli >> you're approaching now some levels that were very aggressive year end targets

will also go down on weak economic numbers not the biggest ones, but your netflix, your visas, nvidia, broadcom, semiconductor names, all big high beta names. they were all weak today the bottom line, manufacturing, a small part of the u.s. economy, the u.s. consumer still very strong. back to you. >> is that something that you think a trade deal could change the scenario for, paul >> i mean, a trade deal will change a lot of the scenarios. and i think it will improve the backdrop overall i think the overall tone is, we don't see a recession coming and the fed is on hold if not on vacation for at least the six months in that environment, when you have an economy that's growing, stocks usually go up i want to say one other thing. i want to say congratulations to the nurishell high school football team, they won the state championships and lost hair head coach the week before they started >> there we go congrats indeed to them. and our thanks to paul and to mark for joining us today here in the market zone >>> still ahead here on "closing bell," apple getting set to host an event honoring this ye

another stock that did well is broadcom inc. which makes the chips, of course. this is part of the 5g revolution that will be coming. that's also an apple supplier which i think they are very thankful for the success of the iphone. let's throw in amazon. i can't say anything about, you know, the stocks and chips of the decade, including amazon as well because jeff bezos retaining his crown as the most wealthiest person on the planet, in the u.s., and this stock by the way actually hasn't done that well compared to other stocks over the decade. ashley: netflix up 4,040% in the last decade. marc beniof says facebook is the equivalent of cigarettes. wow. joining us, jim anderson with social flow. his company helps businesses with their social media platforms. i'm fascinated to know, what do you make of this beniof attack basically saying i guess facebook's bad for you, it's addictive and serves no purpose in society, right? >> yeah. it feels a little bit harsh to me, right? cigarettes, sort of the product used as intended causes disability and death, the obvious cr

and that affected broadcom who have warn now of declining sales this year because of the blacklist against huawei but made 30 intercoursed in september no u.s. chips within it. believe it or not -- now we have 300 companies that have apply for licenses to continue selling to huawei. but huawei in anticipation of this blacklist is actually been stock is piling a lot of these u.s. goods, but in the future they might develop with their own or go to european suppliers instead. >> you know that was very good for you to keep the conversation going for extra 20 seconds because i spilled my coffee all over the place and suzanne covered up for me that was brilliant. >>i felt bad for stu. well done. serious subject right now. hackers using drones to steal your personal information. how about that? michael broomer is with us he's with knows all about about this. hackers using drones to grab my data? how's that work? >> sure. in 2005, it created this device called a pineapple that combined with a drone and about a million drones registered this many the u.s. and about 50 million worldwide public wi-fi