i'm josh lipton, san jose, california. ag> up next, the $150 billion market in the fighnst cancer. >>> finally tonight, the world's biggest cancer research meeting chicago.ay in the american society of clinical oncology, better known as asco, brings together more than 40,000 doctors, researchers anded mical executives to discuss everythinh new ie fight to beat cancer. meg tirrelis there in chicago. >> reporter: stacy's mother was diagnosed with breast cancer six years ago. as her m started treatment, stacy got some news of her own. >> 4 months later i had my very own mammogram and i had been diagnosed. >> reporter: a mother of two, she had just turned 40. what she f learned inr months taught her how to advocate for herself. >> i am a six year breast cancer survivor. >> reporter: she's become an advocate for others as well. she attends american society of clinical oncology meetings. it's where thousandsf cancer doctors converge each year to discts the lat advancements in treating cancer. >> a lot of these newest therapies a

for ightly business report," i'm josh lipton, san francisco. apple is not the onl company vulnerable to antitrust. experts point to amazon which contls half of all online retail in the u.s. in addition to being the world'sge l cloud provider. deirdre bossa takes a closer look at it. >> amazon isonfident that by focusing on the consumer it will pass any anti-trust scrutiny with flying colors. >> we're just focused on customers ande're trying to invent things that customers will love and we think that's ourrimary job >> but that drive to deliver the lowest prices is combined with a willingness and to create hard ball competition and on top of that, amazon is creating the private label products from diapers, to a electroni bed sheets. critics argue that amazon can use the data it collectss a platform from third party sellers which would allow it to unfairly compete. >> the fact is that they've had access to data that they've used which we have given them voluntarily at no cost and they've been able to use that t data effectively bring down prices

josh lipton has more. >>s shipping invest got a first look at what an extended trade war could mean for semiconductors and it sn't pretty. broadcom ceo hock tan laid o the challenges. >> with respect to semiconductors it is clear that the u.s.-china trade conflict including thei hua export ban is creating economic and political uncertainty and reducing visibilit for global oem customers. as a result, demand volatility has increased and our customers are actively reducing inventory levels to manage risk. >> he noted that the company had $900 million in revenue from huawei last year and it isn't just broadcom. micron's ceo just said publicly that the huawei ban hasug broht uncertainy and some turbulence, t his wor the semiconductor industry. semis sold off now down hard from their highs in april. these are issues that many chip compies could have to deal with in thert quas ahead and cause them to question whether there will be the second-half snap back for these companies that many had predicted. on the othe

for nightly business report i'm josh lipton, los angeles, california. >> and finally tonight the world's most valuable brands, advertising gnt wpp and research agency cantar released their list today a there's a new company at the number one spot. it's amazon whichhe topped list to do a variety of services it offers right now. apple came in second. google rounded out the top three. apple and google had spent a combined 12 years at the top of that list. in fact, google was in the top spot last yr. >> andhat is nightly business report for tonight. i'm sue herera. thanks for joiusng . >> i'm bill griffith. see y have a great evening. see you tomorrow. woman: this is "b world news america." is made possible b the freeman foundation; by judy and peter blum-kovler foundation, pursuing solutions for america's neglected needs; and by contributions to this pbs station from viewers like you. thank you. laura: this is "bbc world news america."

josh lipton dives into the details. >> reporter: groundbreaking. that'how analysts are describing sales force's decision to buy tableau software. it's one of the largest software quisitions ever. analysts say the deal is transformative, because it means salesforce ceo marc benioff can offer his business customers something they desperately wa, more ways to gather, order, and analyze the data they collect. that's what tleau does. it has more than 86,000 customernd including verizon netflix. >> what an amazing transaction for the tableau shareholder. i mean, they are about to be in a business where their biggest competitors were going to be amazon and google, and all o ga sudden the bought out at a 50% premium. i mean, that is -- i mean, we're breaking out the champagne on behalf of the tableau shareholder because that was a great outcome. >> reporter: cloud companies from amazon to google all understand that this is a hot market to capitalize on and they're workingovo ie or acquire their way into advanced analytics.oo it's why ge just last week boug

. >>> apple's highly anticipated developer conference set to kick off in just over an hour josh lipton is in san jose with more on what to expect josh >> so, jon, we're here at apple's big annual software show where the iphonemaker is expected to make a lot of news today. front and center, jon, is going to be a new mobile operating system likely to be called ios 13 now that's going to allow iphones and ipads to run faster and more smoothly and updates to message and apps we could see the app store added directly to the watch. that would make it a much more independent device apple could make it easier and simpler for developers to move their ios apps to laptops and desktops and that could mean more apps ghog the mac platform. a lot of hope on the higher growing services business. the success on that will depend on the developers behind me. it's those men and women helping to create new dynamic, compelling experiences for the app store which, remember, represents an estimated 35% of that services division though we also know the app store does face some challenges. in march, spotify fil

we got some highlights from that josh lipton? >> kelly, a lot of news already during this big annual software show apple introducing new mobile operating system called ios 13 a lot of focus on performance of this operating system. everything you do is faster with the things you do most, apple is saying for example, unlocking face id 30% faster app launches, they say, up to two times faster maps, as part of this update, also going to get an upgrade here for example, new features to the launch screen. you're going to be able to add favorites, like places you go every day. better to try, it looks like and compete here with google maps. apple execs also emphasizing privacy here the dedication of privacy and there are protections built into this new os. for example, you can share your location once with an app but then if they require it, you have to give them permission to ask again. basically, they're saying, you should have more control in the words of apple executives over your data. messages too getting interesting updates here w

josh lipton has more on that one. hey, josh. >> so wilf, here's what we know. the doj reportedly now has the authority to consider an investigation into apple but steven hawkins who served as the ftc's general counsel says that does not suggest an outcome here we don't know whether the doj will ultimately conclude that there was actually wrongful behavior in fact, the doj is very reluctant to bring monopolization cases against companies, he says, knowing that from 2000 to date the doj antitrust division found just one monopoly case. now, he says it's certainly possible the doj could find apple as violating antitrust law. sandeep vahisin of the open markets institute said there is a potential around the issue of how apple set up its app store remember in europe spot 2350id flagged that same concern arguing apple limits choice and stifles innovation a charge apple flatly rejects. but if the doj side against app it will would seek appropriate remedies typically that means an injunction or change its behavior but hawkins and others say we are a long way from the do

our josh lipton out west when we come back, the president is overseas in london. as you know, talking trade deals from china to mexico to the uk we'll get the latest over there, the markets rallying a nice 413 point gain back above 278onhe&p ckft this. s ♪ here i go again on my own ♪ goin' down the only road i've ever known ♪ ♪ like a-- ♪ drifter i was ♪born to walk alone! you're a drifter? i thought you were kevin's dad. little bit of both. if you ride, you get it. geico motorcycle. 15 minutes could save you 15% or more. as you can see right there, the s&p is up 1.5% today the largest rail manufacturers crrc is making subway cars for boston and philadelphia but is owned by the chinese government, putting washington on red alert. we are live with the latest on the story, elon. >> reporter: well, morgan, this car will eventually be a part of the orange line for the boston t. there is a lot of controversy over it because the company that runs the factory is a chinese state-owned enterprise crrc. they make a kelston of the cars and ship them to the u.s. f

josh lipton in san francisco with the latest. hi, josh >> tyler, it's official. google's new game streaming service is coming. google stadia will launch in november in 14 countries including the u.s., uk and canada with at least 31 games from 21 publishers including ea and ubisoft. starting today you can preorder what's called the founder's edition package for $130 that's going to include a game controller, crumbcast streaming device and three-month subscription starting next year google's going to offer the stand-alone service itself for $10 per month. that's going to be called stadia pro. for that you can stream games in q4 video at 60 frimz per second on your tv, phone, tablet or computer with a chrome browser and pixel 3 and 3a smartphones there will also be a free service coming too importantly remember google doesn't really see this as a subscription service gamers should xb to buy, not rent these games and google has plenty of competition, tyler, in this market microsoft testing similar technology with its own empl employees right now. that's called projec

we have an earnings alert on broadcom let's go to josh lipton for the details. >> i just caught up with susquehanna's chris. thir mixing out lower priced products and note stronger businesses like networking performed better, but bottom line chris wanted to know more about these macro issues and the company is now flagging here and why they lowered full-year guidance by $2 billion and he addressed those issues right off the top of the call. take a listen. >> with respect to semiconductors it is clear that the u.s.-china trade conflict including the huawei export ban, is create being economic and political uncertainty and reducing visibility for the global oem customers as a result, demand volatility has increased and our customers actively reducingen entry level to manage risk. >> can you help quantify huawei's impact and hock tan did represent $900 million of revenue last year, and the guide down he's given, it was not just because of huawei and it was not one customer and want one company, but the broader macro uncertainty. that's what they're looking at he did try to give positive co

josh lipton is out in san francisco. josh, why don't people expect a bigger fallout here? >> you know, kelly, because i don't think the news in and of itself was probably a huge shocker. i checked in with some smart long-time apple watchers this was pretty much a long time coming that their point being johnny passed at least the day-to-day responsibility. ben of creative strategies has been watching apple for 20 years. as he noted in his opinion jony ive wasn't really driving the ambitions of apple having said that, it is big news jony ive had a tremendous profound impact on this company. he had a key role in designing a lot of the key devices that are in your living room. analysts say they have now sold more than 70 million watches it's a multibillion dollars business in its own right. i think one question for investors today is now that jony ive will no longer be an apple employee, who do you think can fill those shoes >> andrew asked him on "squawk box," he said when i was thinking about departure, what would happen if the ceo if tim cook all of a sudden -- we spent so

. >> josh lipton in san franciscoh ks, josh. >>> well there might be a fox guarding the hen house. and that's where we begin tonight's market focus with bloomberg saying the justice department is looking into claims of potential price fixing of poultry at tyson and pilgrim's pride. pilgrim's pride told cnbc i strongly denies those alleges. they the stocks were down b about more than 1% today.> erkshire hathaway way's ceo warren buffett says despite report, there he been no conflicts with 3g capital, which iss berkshirwnership partner, kraft hines. he report said there were tensions, the result of the chronkronfo underpance and accounting problems. they were both up a fraction in today's trade. zblncht bauch health said it will help paybt down learing its mandatory payment for the first quaeyer of 2020. also launched a new treatment for plaque. 24.33.ares rose to >>> today, aeroenvironment reported profit below wall street expectations. the company cited a decrease in product sales and weaker growth parn margins. the stock fell sharply in afterhours trading initiall it finishe eed t

." >>> the video game industry's biggest event under way right now in los angeles, and so josh lipton wrapping up an interview with one of the industry's biggest names as well, strauss zellic of take two josh >> so brian, here at e-3 one big theme this year is these new video game streaming services. so technology that's going to allow gamers to stream these complex high-level graphics-rich games over the internet into your mobile device that's a big deal. it means you can enjoy these games anytime, anywhere. no need for that pc or game console. microsoft, google, reportedly amazon too all pursuing this market i did catch up with take two's strauss zellnik. he does see potential in this market by also has questions take a listen. >> we have to see what the experience is like, what the business model is like but anything that broadens the market, anything that brings more opportunities to consumers will be a good thing for the industry >> another theme at e-3, those free to play games so fortnite and apex legends the fortnite rival from electronic arts. here at e-3, ea did say the next

josh lipton is there with those details. josh >> cook couldn't help himself. took a nice shot on stage at his rival google comparing adoption rates for their operating systems. take a listen. >> 85% of ios customers are on the latest release and in fact, ios 12 has been installed on more systems than any version of ios ever. now, that's in stark contrast to the latest offering from those other guys, which was released before ios 12. they only had 10% adoption >> reporter: so cook and the execs on stage introduced today their new mobile operating system as expected it's called ios 13 two big themes there one, performance it's going to be a lot faster. and two, more privacy protections built into this os remember, that's been a theme for apple. constantly emphasizing we sell hardware, not advertising. the suggestion being your data, your privacy is better kept with us than some of our rivals guys, back to you. >> josh, thank you wilfred's very jealous of your cnbc polo. >> love the little bit of swag >> also keeping a close eye on cloud stocks also having a roug

. >>> we have got breaking news right now on apple josh lipton with the details josh >> yes sarah, this is a big headline out of apple that apple has just announcing that sir johnny apple's chief design officer will depart the company as an employee they say that is going to happen larts this year. they are saying an independent design company will then count the iphone maker among its primary clients while he pursues personal projects, apple saying joni ive will continue to work closely on projects. they say evans hankie vice president of industrial design and justin dye will report to chuck jeff williams as apple's number two apple's coo in statement here apple ceo tim cook saying jony is a figure designer in the design world and his design cannot be overstated from 1998 imac to the iphone and he is putting so much of his energy and care. apple will continue to benefit from jony's talents by working with him on exclusive projects going forward. big news here in cousan francis area joni ive will depart apple later this year. >> not only the high profile management departure of recent m

lipton is live in san jose for us josh >> kelly, yeah, the news coming fast and furious at this software show here let me bring you up to speed on headlines here new upgrades to air pods remember, apple doesn't break out the units for those device but 20 million sold to date according to some analysts siri is now able to read incoming messages. working out while using that feature. for siri specifically updating the digital assistant too, should make it sound more natural. cook knows he has to compete hard here against amazon's alexa, google assistant, microsoft's cortana. voice technology so critical to everything from wearables to self-driving cars and remember, apple poaching some big including some google ai gurus who made the jump to cupertino interesting ipad os. for the ipad, not the focus for investors it used to be, smaller revenue line the last time apple reported, the revenue actually higher. the highest growth rate in six years thanks to that ipad pro. keep listening, bring you more headlines as they come >> joshua, thanks very much. dan ives and ed lee still with us dan, we

check out the shares of salesforce after reporting earnings let's go to josh lipton in san francisco for more on this hi, josh >> hi, joe i talked to red bush's steve koenig just briefly who covers the company. he stood out and not just the solid q1 results and deferred revenue came in stronger than expected and he also noted benioff on the call here saying no enterprise company of this size is growing at this rate sales force continues to again shares in service, marketing and commerce and benioff sat down with jim cramer and we talked about the regulatory environment we are in. >> we are following behind what the european union is doing, jim. the european union are the ones who are the leaders in this area, but with their european action against these companies when they misuse data and misuse privacy or take advantage of customers and there are things that happen in our industry that are embarrassing to me and let's clean it up and let's get back where, you know, facebook is not the new cigarette. >> for much more of that interview, guys check out "mad money" tonight at 6:00 p.m.

it's lower again today josh lipton has the latest from san francisco. josh >> so morgan, his tidtle really said it all. chief design officer johnny ive was instrumental in the design of some of apple's most iconic products the ipad, the iwatch, and of course the iphone, the most popular consumer tech product of all time as well as apple's new campus in cupertino. his impact on the company was profound when steve jobs led his legendary comeback at apple, johnny ive was his right-hand man. they shared a common aesthetic walter isaacson details how at least when jobs was at healthy and at work, the two had lunch almost every day but now johnny ive is moving on. he will no longer be an apple employee so who fills that role well, interestingly, apple did not name a new chief design officer. instead, it says two design veterans, evans henky and ian dye will stay on and report to coo jeff williams. that concerns some longtime apple watchers, like gruber, who argues that someone in his opinion needs to be in charge of design for apple to be apple but is that re

josh lipton has the details. hey, josh. >> broadcom reporting eps of $5.21. the street was expecting $5.16 so that's a beat revenue, though, 5.52 billion. that is light. the street was looking for 5.68 billion. as for the full year, too they lower their guidance by about $2 billion. now looking for $22.5 billion. their biggest segment semiconductor solutions $4.1 billion. that also undershoots expectations ceo tan saying they see a broad-based slowdown in the demand environment which he believes is driven by continued geopolitical uncertainties as well as the effect of export restrictions on one of his largest customers. remember, these are some of the big questions analysts had the effects of these continued trade tensions on the company company.and the recent sanctions placed on huawei and how they would impact the company as well conference call starts at 5:00 p.m. eastern and we'll be on it. guys, back to you. >> all right, jash, thank you. deep slide 7% for a stock that has underperformed >> underperformed. it of course bounced a little bit. what i wonde

. >>> welcome back to "fast money," its new video game streaming service and josh lipton has the details from san francisco. josh >> so, mel, big news that could shake up the $166 billion video game industry and we got more details about google's new video game streaming service it's called stadium that will launch in november in 14 countries including the u.s., uk and canada with 31 games and 31 publishers starting today you can pre-order the founder's edition package and that includes hardware, and streaming device and three-month subscription and that will run you $130 starting next year google will offer the stand alone service itself on the of it, phone, tablet with the chrome browser as well as pixel 3 and 3a smartphones and there will be a free service coming, too, and google doesn't see this as a subscription service gamers should expect to buy, not rent these games and the big idea is giving gamers the ability to stream complex and graphics-rich games right to their devices and no pricey pc or console needed so is this going to prove an immediate hit? sebastian not so sure and t

josh lipton is in san francisco with more. >> apple bulls pin a lot of hope on growing higher margin services business, but could some of those services now come into the cross hairs of the u.s. government as apple and other tech giants face these other potential u.s. antitrust proebs. alex harmon says the doj could decide to take a harder look at spotify's complaint. remember spotify filed a complaint against apple with a european commission saying apple has an unfair advantage. acting as both player and referee. meaning competing with spotify and others in a music streaming market, but also deciding the rules that govern the app store and that harmon says is monopolistic for its part, apple flatly rejects that argument. saying it wants all businesses to thrive even if they compete for example, apple will say it distributed 200 app updates on spotify's behalf resulting in over 300 million downloads beyond the app store, he highlights another thing apple news pluswhich launched in march, bringing together magazines, newspapers and publishers he questions whether they're using their l

josh lipton joining us from san francisco with more on what's moving that. josh >> so, kayla, heading into this report, remember, some analysts had actually been a bit nervous about oracle's results, highlighting potential currency challenges but larry ellison's company here managing to beat expectations on the top and the bottom the stock now up more than 25% on the year. revenue increasing 1%. the company saying sales will grow more than 2% in the current period mark hurd is competing hard with big rivals like amazon and that has led to some interesting strategy shifts, for example, just recently, announcing that new cloud partnership with microsoft. remember, there are two big segments for oracle. revenue from cloud services and license support. that's the company's largest division it was unchanged at $6.8 billion. that includes cloud revenue, but also includes maintenance fees and traditional software it's other on-premise license sales that dropped 12% hardware dropping 11%. here is ellison on the call. >> some of our businesses that are not hot, but t

our thanks to josh lipton for helping us deliver that news more breaking news this time on the banks leslie picker is back at the headquarters with all of those details. >> jpmorgan stanley and wells fargo getting boosts in the stress test results. announced withinthe last 30 minutes or so. jpmorgan hiking its difficulty by 13% and returning 29.4 billion to shareholders who with buy-back and wells fargo raising 13% and 23.1 billion dollar buy back and morgan stanley hiking 17% and returning 6 billion dollars through a buy back deutsche bank shares gained after hours trading after passing the fed's stress test along with 1 is other firms tested banks able to move forward with returning capital their investors but credit suisse was flagged. it will be required to maintain pay outs from last year's levels until it addresses the fed and identified weaknesses by october 27th fed gave credit suisse what is known as a conditional nonobjection to its capital plan essentially a middle ground between pass and fail and no firm's plan was rejected on quantitative grounds. the fed described as ha

lipton is in san francisco with more. >> broadcom now slashing annual sales forecast and getting hammered in today's trade. the ceo saying trade tensions with china including that export ban on huawei increasing economic uncertainty and decreasing visibility for customers. last year huawei generated $900 million of broadcom sales. broadcom, though, not alone. micron ceo just said the huawei brand brings turbulence to the semi industry. semis now down from their high in april rbc's mitch steves says to stick with amd which will take pieces from intel he also likes synopsys however, given the commentary we just heard from him and the softer commentary about the auto and industrial stocks, he'd steer clear from texas instruments. >> for now, josh, thanks telling us what the stock is doing. here's what else is coming up today. >> coming up, kevin hassett. chairman of the council of economic advisers joins us live. his take on where we are in the cycle and the future of tariffs as more companies start to blame them for a weaker outlook. >>> plus, will the fed take a cue from the market? hinted

josh lipton has more on that deal from san francisco. josh >> sar ara, salesforce will buy tableau software for $15.7 billion. an all stock transaction expected to completed in the fourth quarter steve koenig of wedbush calls it transformative for mark benioff's company because it means he can offer his business customers something they desperately want, more ways to gather, order, and analyze the data they collect. he also calls it a shos across the bow at microsoft, extending their rivalry in sales tracking software to the analytics market wilf, back to you. >> josh, thank you very much for that and don't miss jim cramer's exclusive interview with salesforce ceo mark benioff tonight on "mad money" 6:00 p.m. >>> we have 53 minutes left of trade. we're up 141 points on the dow the high of the session was up 226. the low down 70. so about half a percent of grains for the dow nasdaq leads the charge 1.4% higher and the small caps the russell taking part today up 0.8%. let's bring in laurie from rbc capital markets. j.j. kinnahan still with

morgan >> seema, thank you. >> josh lipton has a preview josh >> so morgan, heading into that meeting, that stock is down nearly 40% this year and what a concern there that model 3 demand has significantly softened and the dan ives of web bush and the proposals themselves look uneventful and the real focus, he says, elon muve musk and what does he say to the shareholders in the meeting and the real growth opportunity and not the be downward spiral guys, back to you. >> josh, thank you very much for that 40 seconds left. mike, individual stories, but the key thing to focus on tariffs. >> we're in the quiet period for fed officials and we'll nothing more the market is leaning in the direction of mexico and it either doesn't go on in terms of tariffs or it doesn't last for month and we do get the cpi release next wednesday, i believe, which is going to fill the inflation story and i don't know if that will inform the fed decision any it's the one piece of macro that can turn things. >> in terms of the performance of this week >> it's a very creditable rally and that low is right where th

leave this company alone josh lipton is in san francisco with more. >> joe, two app developers have now filed a suit in california against the iphone maker claiming they are compelled to sell their ios apps via the app store because apple has monopoly power, in their words over app distribution that apple has charged developers an overly expensive commission, 30% for nearly 11 years. the suit also claims apple stifles innovation apple for its part saying it doesn't comment on lawsuits. this is another legal challenge for the app store. remember, just last month the u.s. supreme court handed apple a setback, allowing antitrust suit against the app store to proceed. plaintiffs in that case also argue that apple monopolizes the market and ceo tim cook has come out swinging flatly rejecting that argument. >> i think that with size, i think scrutiny is fair i think we should be scrutinized. i don't think anybody reasonable will come to the conclusion that apple is a monopoly. our share is much more modest. we don't have a dominant position in any market. >> you're saying you're not a monopol

lipton with more >> micron had been hit hard, the stock was down since the intraday high heading into this printed, primary reason was huawei and fallout from the trump administration black listing that tech giant. it is important micron customer makes up about 13% of their revenue. right off the top of that call, quickly the ceo addressed that concern. take a listen to what he told analysts. >> micron immediately suspended shipments to huawei and began the view of micron products sold to huawei to determine whether they're subject to the import restrictions we determined that we could lawfully resume shipping a subset of current products we started shipping some orders of those products to huawei in the last two weeks however, there is considerable ongoing uncertainty surrounding the huawei situation and we're unable to predict the volumes or time periods over which we'll be able to ship products to huawei. >> so pretty interesting, the ceo saying we reviewed the export ban and found we could lawfully resume shipping some products to huawei though he also said, listen, if huawei rema

josh lipton has more reaction from the west coast. good morning >> good morning. his departure comes at a critical time for the country. look at apple's last earnings report iphone revenue dropped 17% even as services surged 16% new services were on the way from original programming to gaming with bigger questions on the horizon what are apple's ambitions in autonomous driving. are augmented reality glasses on the way? all of this change coming without jony ive as an employee. is he leaving later this year, though not totally gone. his new design firm will count apple as a client and he will continue to work with apple on exclusive projects analysts say this news wasn't a total surprise in the last few years he stepped back from his role lots of questions for invests about that design team and leadership at the iphone maker a course confirming that two design firm veterans will report to coo jeff williams they took over day-to-day operations of the design team as ives was focused on the cupertino facility >> for more on what happens from here, let's bring in dan p

. >>> amazon has patented surveillance as a service technology for its delivery drones josh lipton has that for us. what does that mean, josh? >> so, sara, for it is about your drones, just deliver baby foot amazon could be considering something far more ambitious, according to a patent with the u.s. government. they emphasized this done september is very hypothetical, but the idea would be something like this, a customer could have a package delivered with a drone, and then sort that drone to conduct surveillance. if something is amiss at your house, a broken window or fire, maybe you left the garage door open, the drone would alert the homeowner or local authorities remember, amazon, of course has testing drone technology for years. in fact just this month a new electric drone that could be used within months to deliver packages what about privacy concerns? the company says it could at the employ geofencing or virtual bowenry around the home. and this would be a strictly opt-in feature, of course. john tayle says that patents take years to receive, and don't necessarily reflect the a

. >> let's go to josh lipton what should we watch josh? >> here's what we expect from adobe after the close, eps of $1.78 on revenue of $2.7 $2.78 billion, checked in with brent till of jeffreys, he wants to see signs the company can keep generating 20% growth with 40% operating margins. there are two engines for the country, the digital media company and the digital experience >>> up next we are covering all the angles of the market in our closing count down. >> here are the winners and losers in the dow as we head to break. we'll be right back, the dow is up 339 points. ♪ you should be mad they gave this guy a promotion. you should be mad at forced camaraderie. and you should be mad at tech that makes things worse. but you're not mad, because you have e*trade, who's tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. don't get mad. get e*trade's simplified technical analysis. >>> welcome back just over 5 minutes left of trade up by 340 points on the dow. time for the cl

. >> and let's get to josh lipton for a preview of micron. >> so micron is expected to report q3 eps of 79 cents on revenue of 4.69 billion. stock down hard from its intra day high rbc mitch steves puts it much on huawei huawei does represent some 13% of micron's revenue. steve remains positive on the stock though and he sos nan pricing potentially bombing as soon as q4 >> and dow on pace to close near the lows of the session. down 197 up next, we're covering all the angles of the market >> and here are the winners and losers in the dow. for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life. (osamah) cancer is... the ugliest disease mankind has ever faced. (henry) i thought it was unfair. when-- when you hear those words that you get diagnosed with cancer. (osamah) successfully treating it still remains one of the most enormous challeng

g20 meetings frank holland covering constellation brands leslie picker has the details on the ipo and josh lipton on the big departure at apple >> reporter: everything was up, stocks, bond, gold the market believes an acome lags and a truce in the trade war will produce gains in the second half of the year. the market believes there will be a truce this weekend, is hoping for a full trade deal later in the year which might lift markets another 5% or so. bank of america thinks that. in the event things don't go well at the g20, tariffs believe it's highly likely the market will drop 5% to 10%. the biggest hope for the second half, a little surprise, a continuation of that huge ipo rally in the first half of the year, average returns for ipos in the second quarter, 30% twice the norm that success means a lot more ipos coming down the pike in 2019 look at the candidates, wework, peloton, even airbnb back to you. >> thank you very much investors will be closely watching the outcome of the trade meeting between president trump and president xi at the g20. kayla tausche is in osaka, japan, with

. >> jason, we heard from josh lipton of huawei's trouble international smartphone sales down 40% last month. can we extrapolate of how they're hurting and apple is not and tim cook doesn't expect a big fall in china. >> i think both countries have -- the u.s. in my opinion has an economy that's built looking at gdp equation to withstand a trade war better perhaps than china would china is more sensitive to that and might have, might have more political flexibility. now, you saw with hong kong, maybe it's not quite as robust as people thought so both -- i think both countries don't feel -- it seems clear they don't feel as if they're winning or there's no reason for them to even engage in a strategic retreat or anything along those lines. as far as apple, i don't know specifically but seems to me that -- doesn't seem like a big incentive to move any time soon. >> how can you really game out expectations whether knowing that the next chinese imports to this country will be taxed >> it is hard to do. that's why you haven't seen the numbers for fourth quarter move very much and with apple

lipton is here with more. josh >> so, sarah, we are here at e3 and i did have a chance to catch up with strauss zelnick. we talked about one theme at the conference this year which is these new video game streaming services, so technology that will allow gamers to stream big, rich, complex games over the internet to their mobile devices. microsoft, google, reportedly amazon 2 all pursuing this market and zelnick thinks it is a potential, exciting opportunity for the industry >> if it's promoted that it's a different experience that allows you to keep consuming games wherever you are, i think that could be incredibly beneficial, so i think we'll have to adjust expectations from the consumer's point of view. again, this remains to be seen in the fullness of time i am convinced that these services will be great quality. >> i also did talk to zelnick about china and it's a big, important market about take two in the broader industry, they're approving titles including western ones and the approvals are back up and

josh lipton has more of those details for us hi, josh >> so, wilf, slack closing at $38.62 so who's making money excel, remember, is the biggest investor, its shares now worth $4.6 billion and it was also the big shareholder in crowdstrike so that's two big venture outcomes for that firm in just about a week and horowitz has a stake, social capital has a 10% stake worth $2 billion soft bank, 7% stake is now worth $1.4 billion that's interesting because we're used to seeing them write big checks for more like capital intensive companies like uber and we work and stewart butter field himself an 8% stake now worth $1.6 billion back to you. >>> josh, thank you. joining us to talk about more about slack's debut is santosh, manhattan venture partners head of research, they invest in pre-ipo companies, chose not to invest in slack. why not? >> well, we make a choice. i mean, we don't invest in everything at that point in time in our investment window, we had other investments, we had pinterest, spotify, see, in general, we invest about one or two years before an ipo that we expect, before they ge

josh lipton. >>> joining us here with his thoughts on, well this market, on the ipo market as well, an important component of the business that his company does, the ceo of cowan, jeff solomon we will talk about sub-billion dollars ipos today we are talking about a direct listing not raising any money, is slack, but listing its shares bob griefeld says this is something he believes we should see more of. do you agree >> as long as you don't have to raise capital. this is actually pretty small. if you have brand recognition like slack or spotify, that's probably an option for you and you don't need to raise money. the vast majority of companies in this country are unknown until they actually hit the public markets i actually think the underwriter function, which we don't talk about that much, is an important function let me ask you a question. what would happen if theranos had tried to do a direct listing? that would have been a problem there is a moment in time in which that could have been a possibility. so i think we have to focus on the fact that the function of an underwriter is ac

let's get to the stories we're watching today josh lipton covering broadcom and the semis. leslie picker has the details on chewy. dom chu is here at the exchange with the movers on the floor kayla tausche's on washington watch with fresh comments from jamie dimon on trade but josh, let's start with you >> wilf, broadcom's ceo really bluntly laying out the issues here for investors lowering his full-year revenue outlook by 2 billion to 22.5 billion saying that trade conflict and huawei export ban is creating economic uncertainty. last year huawei generated $900 million for broadcom the stock got hammered in today's trade. what do semi investors do now? rosenblatt's hance mosesman says typically companies with new products poised to take share like amd and xilinx, he says sara, back to you. >> all right thank you, josh. another ipo surging today in its first day of trade i mentioned chewy up only, leslie picker, 55% because it was up what, more than 8 0 at the open >> it was. although it has been picking up some steam as we get closer to the close. but you're right, sara wel