Broadcasting live to New York, Bloomberg eleven blio to Washington, d C. Bloomberg to Boston, Bloomberg twelve hundred to San Francisco, Bloomberg nine to the countries at dam down one and around the globe the Bloomberg Radio Pluck dab and Bloomberg got gone. This is taking stock. Coming up on taking stock, We're going to take stock of make Calm Technology Solutions. They're based in Lowell, mass and the shares are of about three three and a half percent so far this year.
We're going to find out exactly what the company does and give a little bit of detail about things such as microwave, millimeter and wave applications, all the things that serve many of the technology comes to customers throughout the United States. That's all coming up right now. Let's go to Charlie Pellett in the Bloomberg news room for Bloomberg Business Flat and I thank you, pim Fox stocks bouncing
along the bottom. We're brought to you by nash No Realty providers of one hundred percent satisfaction guaranteed New York City realty investments. See them at n r i A. Dot net stocks are falling as heightened political and security risks rattle emerging markets, adding to the anxiety surrounding the outlook for interest rates submid on even growth in the US economy. Oil is tumbling West Texas Intermediate Crew down two point nine percent, falling a dollar forty one or
barrel to forty six sixty nine. Dominic Constant as head of Global rates research at Deutsche Bank Securities and on Bloomberg Television this morning, he talked about the fet speech coming up Friday, along with the interest rate environment and definitely appro incess a mini shocks if you like, in the sense whereby this hunts for yield and this h financial oppression you're going through that pushes investments into certain nasty classes. They every now and again may have to
sort of take a breather. And the way they take a breather is the fact sort of wakes up and says, well, maybe we should raise rates because this has got a little bit too fat too quickly. For the ten year down to thirty seconds that yield one point five. The former CEO of Converse Technology, who hid in Africa for a decade, has pleaded guilty in New York to fraud for back dating stock options. Jacob Kobe Alexander returned to New York yesterday from Namibia to face federal charges originally
filed in two thousand and six. While he had faced thirty five counts related to the back dating of stock options. Alexander pleaded guilty to one count of securities fraud and asked the judge to be lenient in sentencing him. SMP down eleven and drop a point five percent. Gold down one point three percent now the other stories making news. Thank you, Charlie from the Bloomberg Newsroom. I'm Jill Schneider. This news update is brought to you by the Jeep
Grand Cherokee, the most awarded suv ever. The Grand Cherokee continues to raise the bar with its luxurious interior and legendary four by four capability. Drive one at your call Jeep dealer. Today, an Italian firefighter says an eight year old girl has been pulled alive from the rubble left by an earthquake that destroyed three central Italian towns today. At least one twenty people were killed. Donald Trump is again urging African Americans and Hispanics living in inner cities
to give him a chance. Speaking in Tampa, Florida, today, Trump said Democratic policies have only led to more poverty, crime, and joblessness in cities like Chicago and Baltimore. I'm asking for the honor of your vote so that I can fight for you. That's African Americans, that's Hispanics, and that's all Americans. The Clinton Foundation is under intense criticism from Republicans, who accused it of being a non transparent and corrupt institution.
Libertarian presidential candidate Gary Johnson says it's within the law to give contributions to gain access into an institution or organization, but Johnson says he does see an element of pay to play. None of this is illegal, it's just that the implication and the fact that it is being paid, and that it's unstated. Look, if you don't pay for that access, you don't get the access. Police have arrested to people who they say burglarized the Indonesian consulate in Manhattan.
Investigators say surveillance video shows eighteen year old David Rivera and sixteen year old Tiana Nonez inside the consulate early Monday morning. Global News twenty four hours a day, powered by more than journalists and analysts in more than one
twenty countries. I'm Jill Schneider. This is Bloomberg, Charlie, and we thank you, and again recapping the dal the SMP NEZTAC are all declining twenty six minutes to go ahead of the clothes on a Wednesday, SMP five hundred index falling eleven points now to one, a drop of five tenths of one percent. I'm Charlie Pelton. That's a Bloomberg Business Flash. This is taking stock with Kathleen Hayes and Pim Fox on Bloomberg Radio. May come partners from radio
Frequencies to light. Here to tell us more about it is John Krato. He is the chief executive of may Com. Their symbol on the NASDAC is M T s I and he can tell us all about five G. John, thanks very much for being with us. Oh, you're welcome. Before we get into the world of five G, can you just help me understand that a little bit about the history of may coom Technology Solutions, because were you at one point, uh, I guess you were supplying products
to the U. S. Army. Yeah. Actually, the company's roots date back to just after the Second World War. UM was actually founded with the folks out of M I T doing the very first microwave components for the very first radar systems. So it's been it's been a long road, close to seven decades and you're based in Lower mass Now tell us about the five G. What exactly is
five G? Well, five g's the next UH warriorless radio standard. UH. It's higher frequencies for higher data rates, broader coverage, more more dense coverage of for cell phones and smartphones and data services. And john I, so I started covering text three years ago and five G was being talked about then and now we're still kind of waiting. I guess at what point does this become a reality? Well, it depends on what flavor of five G you're talking about.
It's you know, it is a whole collection of technologies that are that comprise five G. So there are versions which I would describe more like four and a half G that are within the next few years, and then depending on how extensive you think about it, it would be as much as five years. And Johnny, what would the role of make com teleco technology play in the
introduction of five G technology? So when you're talking about the frequency bands for five g you're getting up to what's called millimeter wave, which are several gigga hurts and frequencies so well on radio frequency waves. And we've been a leader in that very very high end performance of wireless technology and optical technologies, UH for decades. So it's
really playing into our willhouse. So when I when I look about and think about the semiconductor industry, UH, there's a lot of M and A. It has been kind of the key vein throughout these past for years. And since you all went public back in in what it seems like you've also acquired five companies. I guess, how does that fit into may com strategy in terms of
buying rather than than building. I would say the impetus behind the M and A. The last year's unquestionably been a year of consolidation for the broader seming conductor industry. We really operate within a more esoteric niche at the very very high end of the performance spectrum. A lot
of the other consolidation is really consolidation of underperformers. UH. There are a lot of companies that have failed to grow, failed to return on an estments in research and development, and that's what that's all about, delivering shareholder value in the form of consolidation. Our M and A strategy is different. We have built a portfolio through kind of inorganic assembly of technologies, really targeting secular growth drivers in the industry. Can you give us an example of some of your
customers and the products that you sell to them. Sure, our biggest, our hottest part of the portfolio right now is our optical business that's really being fueled by what is essentially an insatiable demand in bandwidth. You know, there's a cloud connected apps economy that we live in is really driving a need of a whole new build out of the long haul networks, metropolitan networks, data center, interconnects, data centers, there's the whole Internet backbone as being rebuilt,
largely with technologies that we provide. As I was just gonna say, as part as that that build out, I mean, are you finding that the expansion of these networks are they being delayed because I note, for example, that some of the efforts by Google in several of their markets to roll out high speed fiber have run into some roadblocks. Sure, in the US, you know, there's been some delays there's fits and starts, but I would say globally it's exploding. Uh not the least of which is China. We have
a very strong position. A lot of our sales are going into the rebuild out of the China Internet infrastructure, everything from fiber to the home, uh the equivalent of FiOS in the US through the long home networks metro networks. As I mentioned, China is interesting because they tend to prefer homegrown businesses for their technology back end providers. How did you get into that market? Yeah? You know, there's no question any any clime would point out any country,
any any company prefers homegrown, local technologies. We tend to specialize in technology spaces that are so advanced and such leading edge that uh, they tend not to play to the merits of a cost based economy. UH. So it's it's very much all about innovation and what we do in the in the absolute leading edge technologies where we really don't have much Asian competition. So, you know, the guys building out that network in China, Blake Luwawe or z t E uh come to us. You know, we're
the foremost provider of many of these technologies. Globally, so a bet on the expansion of cloud is a bet on Maycom. Thank you, President and CEO of Maycom, John Krowtao for joining us today talking about the semiconductor industry. I am Alex Brinka in for Kathleen Hayes here with him Fox. You are listening to Bloomberg Radio. Coming up, we have some talk about the market outlook from David Deet's founder and chief investment strategists at Point View Wealth.
We hope you'll stay with us at Bloomberg Radio. Coming up on taking stock? What about investing in banks, Bank of America, JP, Morgan Chase, Wells Fargo, and Morgan Stanley, plus an investment in energy. We've got details. That's next