emily: what makes xiaomi unique from samsung and apple? it is really interesting hybrid of things that you would see at apple, an absolute love for design and the culture of perfectionism. this is coming straight from our ceo. emily: is it a phone company, an electronic company, a software company? hugo: it is none of those. emily: is it an internet of things company? hugo: it is an internet company. that is the best way to describe xiaomi. we interact with our customers and users, or as we prefer to call them, our fans through the internet, through social media. we sell our products direct. we are the third largest e-commerce site in china. and the largest pure play by miles. we design products, taking a lot of input from the community. probably about 50% of all of the new features and services we end up building as part of our software came from the community. you can pinpoint it down to one user's idea. this is very unique. emily: you sell phones. high quality phones at cost. but you make most of the money by selling services, right? hug

and that's not the way forward. that's why samsung is launching and apple has the apple pay and bringing new services to increase it the buy is not growing and the only way to grow it is to bring more slices to the pie and that's what samsung and apple and others are doing. while htc or lg or sony are focussing on the hardware only. >> so you're saying it's the personal assistance? i wouldn't be buying it because i like siri's voice. >> it's not about the voice command only. >> but i'm saying would you buy it because of -- i don't know what you're saying right now is because the siri system? >> this is the reason why people are buying iphones. in the future, in the next year, we are starting to see the first steps of a truly different revolution. it's not about hardware. it's not about the best mega pixel camera. it's about a phone that can perform tasks for you and knowing and helping you on a daily basis on a way you cannot have today. the only way is going to different apps and pay using different steps. manage a service that you simply ask book me tickets for it -- >> that would be nice and easy. >> who do you t

>>we can think samsung and apple for introducing this. le buying because they can see things better and it makes it easier. >>figures show a buying surge late in the day when stores offered more and deeper discounts. >>> marion wright got a big round of applause for her work. she has been years advocating for children by fighting poverty and supporting education, health and justice. it is done through literacy and health programs. >>it is common sense and decency you want to help children get the early start they need and the care every parent wants. did not make two classes of children. >>she has also been honored with the medal of freedom, the country's highest civilian award. she was the first african- american woman admitted to the mississippi bar association. she also worked with start and dr. martin luther king jr. dr. martin luther king jr. >>> a special remembrance for people who died of aids. >>i think it helps other people and the memories so they could filled joy. >>how students at a bay area elementary school celebrated world a

and the company decides not to split up. emily: there are so many complex relationships in the chip business. apple and samsungrrivals and yet apple buys a lot of samsung chip. talk about the broader relationships and dynamics in place we may not be as aware of that may be driving some consolidation. >> i go back to what he said. this is getting more expensive. there are fewer companies that can build these $8 billion plans. qualcomm does a lot of business with a lot of companies and outsources manufacturing. samsung is a customer, a supplier, and a competitor, if you can imagine. emily: while still supplying chips. >> the motives. emily: thank you for giving us the lay of the land. coming up, wall street turns negative on apple. why one analyst is protecting iphone sales will drop for the first time ever in 2016. ♪ emily: shares of apple closing down 1% after getting hit by a trifecta of iphone estimate cuts by 3 wall st firms. sales stanley predicting will drop to the first time ever in 2016. barclays cutting the price target and a warning from j.p. morgan on the apple supply chain. joining me to discuss, vi

we can thank samsung and apple for introducing this to consumer so they feel more comfortable buying.s also the mobile wallet that makes it easier. mobile shopping was a big factor. the discounts, in general we were tracking 20% until the evening. then the discounts went up. that tells us that stores came online with more deals to push it above the mark. >> what is the hot product on cyber monday? i think we have a graphic your. barbie dream house, shop cans -- shopkins, lego star wars, lake go city and lego dimensions, ps for an xbox. where do you find these?>> they were buying them from anywhere they could get them. the products out of stock was the big problem. the force was with us. star wars, especially the new characters are flying off of the shelf. r2-d2 and some of the favorites from when i was a kid are also selling big. from thanksgiving through cyber monday, a lot was sold. >> i couldn't find what i needed for my son. i will continue to look for it. in regards to the bay area, a lot of people shop your. my wife is one of them. did we make it on the mark on a national stage

and they are also boosting employee training. the chain says it will cut deeply into it profits. >>> apple and samsung have finally reached an agreement in a long running patent case. samsung says it would pay apple $548 million following a 2012 decision that found it violated key apple patents, claims include the way users interact with app wear and design concepts, but apple also wants samsung to pay nearly $2 million in court costs, something samsung says it will not do. >>> divorce rumors are circling around a you power couple. reports claim beyonce and jay-z are planning to part ways for good. the duo has reportedly had other problems including a recent report they had a big fight in fromts of their home staff. this is not the first time they have faced divorce rumors. last sum are there were reports of fighting and jealousy. >>> after the break, the reason you may be what if the holidays were about people again? and the four-letter word that defined the season was l-o-v-e, and not s-a-l-e. that's the world t.j.maxx, marshalls and homegoods stores live in. where there's no need for sales because we offer amazing prices on thought

. >> nicole: wal-mart is joining for digital payments, apple pay and samsung pay.e service launches today in wal-mart stores where the company is headquartered by scanning a bar code displayed at the register with their smartphone. the service is expected to be an all-wal-mart stores nationwide by the first half of 2016. >> cheryl: wow, a major tax cut deal could be in the works, negotiators are scrambling to put together, extending research and development tax credit. section 179 deduction for small business expending. happy friday. >> nicole: new congressional office report says obama care will reduce hours by equivalent of $2 million in the next decade. that does not mean that 2 million jobs will actually be cut. what the report say that is the decline in job would be as a result of sub suddies. that reduce the amount of work americans choose to do. >> cheryl: americans are bracing for unexpected cost specially for healthcare. 32% of americans, quote, unexpected expenses tat top concern going in 2016. now the study says healthcare costs in retirement are right b

. >>> apple and samsung have finally reached an agreement in a long running patent case. d pay apple $548 million following a 2012 decision that found it violated key apple, claims include the way users interact with app wear and design concepts, about but apple also wants samsung to pay nearly $2 million in court costs, something samsung says it will not do. 5:24. can exercise influence how and when you drink alcohol? researchers at penn state found the more people engaged in physical activity, the more people drank on the same day. exercise can encourage people to drink, but in moderate. the study shows that people may indulge in a drink or two on those days when they work out and on the other side, researchers also found many people exercise to burn the calories associated with drinking. >>> how would you like to attend the ultimate holiday party while helping out bay area children? if so, you need to hear of a holiday hero coming to at&t park on monday tes 7. abc 7 news anchor kristen seay explains. >> reporter: they don't call it the ultimate holiday party for nothing

apple is asking samsung for millions more from that long running pat ebt case. samsung agreed to pay apple $fooi 48 for infringing on iphone designs and patents. apple says samsung owes it $180 million more for interest and supplemental damage. samsung has made no comment on this new claim. >>> right now it's 12 minutes after 7:00. the year 2016 is just days away. coming up at 7:30, we're going to break down the changes that go into effect on january 1st. >>> did you happen to get a drone for christmas? what you're going to need to do in order to fly it. and how many people registered their drones before christmas presents were even opened. >>> good morning. looking at a commute where traffic is doing very well on this monday. if you have to go to work, at least the roads are your friend so far. we'll give you a little bit of a slow down coming p up. >>> wet weather moving out, dry weather moving in. giving you a live look outside there. the sun just about to rise officially. what you can expect for your monday and the final days of 2015 coming up. . >>> welcome back. 7:15. hover boards were one of the more popular holiday gifts, whic

samsung agreed to pay apple nearly half a billion dollars and say if apple can get them the bill sooney'll actually get the check printed by a week from monday. a jury ruled years ago samsung copied many of iphones features when making their phone. this dates back to forever. and i would think it's almost over. >> are they even still using that technology? >> you're right. we're talking about very original apple iphones and samsungs. there weren't even galaxies. >>> here's a live look at san francisco and the snow that is falling in the bay area is not recording on the radar. we are looking at the cal train holiday train between san francisco and santa clara this weekend providing holiday entertainment, of course, and collecting toy donations for kids who may not get a gift this holiday season. he has on gloves so it is snowing. >> we make four stops down the peninsula. each stop is about 20 minutes. there's entertainment on the platform before we come in, salvation army will have their canteen there and they will be collecting toys for tots at the station. if you bring a new, unwrapp

and smartphones anymore. apple takes up most of the profit along with samsung. chinese manufacturers have to do is to create a strong global brand and that is what oneplus is trying to do. emily: thank you so much for that update. one stock we are watching, apple, the tech giant slipped 2%. confirmed a nonchalant remark made by les moonves. this is a plan to sell a package of 14 or so channels for 30 to $40 a month. studio is here in the a sim cofounder. founder. what do you think is really happening? sure.cannot really be the fact is it has always been a tough fit. apple is a devices company and the software company and a services company. only to the united states, which is not the biggest market anymore. they would have to do deals, not just with individuals license holders, but on the global scale. it has never been that apple has launched products locally that much. you can see the struggle they have been through trying to get these deals done. emily: apple tv is the new thing. just went on sale. is this a blow to the apple tv set-top box service? >> in som

walmart pay is for walmart shoppers only and competes with apple pay and samsung pay, which walmart won'tt. it's a move that could have customers opening their wallets a little more frequently. mary thompson has that story. >> reporter: walmart is known for offering everyday low prices. now it's offering clients who increasingly use their phones to shop, an end to end mobile experience. >> we think it's a positive for the company. >> reporter: walmart spent the last seven months developing its mobile wallet walmart pay. the retailer saying at a time when shoppers use their phones to check into its stores to find deals and directions to the items they want they can now use their phones to check out as well. some question how this might reaccelerate walmart's slowing sales growth but analyst xharlz o'shea believes it's a smart move. >> the company is making sensible investments that will leverage its brick and mortar operation online, and we continue to feel that brick and mortar retailers have some fairly significant advantages as they move online and become multichannel rather than mono c

. >>> apple and samsung have reached and agreement on the amount of money owed in damages in a long runningnning said it would pay apple $548 million following a 2012 decision that found it violated key apple patents. the infringements claims include the way in which users interact with mobile software and design concepts but the battle isn't over. apple wants samsung to pay $2 million in sort costs, something samsung said it will not do. >>> the merger planned by oakland based blue bottle coffee and san francisco based par teen bakery has fallen through. both companies had hoped to expand together but seven months after saying they plan to partner up the two companies say it makes more sense not to. >>> 8:24. can exercise influence how and when you drink alcohol? researchers at penn state found that more people engaged in physical activity the more people drank on the same day. exercise can encourage people toer drink but in moderation. the study shows people may indulge on a drink on two on the days they work out. researchers also found many people exercised to burn the calories associate

the thieves ordered employees and a customer into a back room where they loaded up with 40 apple and samsung phones and if you recognize these men, please call police. >>> overnight, police released this with tinted windows. investigators say the driver of the car may have been involved bronx yesterday. nearby cameras were rolling as bullets were fired. police say the shooter wore a business suit. a shootout then erupted and the thief was able to steal $78,000. it's not known if the thief was shot. >>> and also, classes are set to resume at a long island high school today a day after mysterious fumes forced the school to shut down. west babylon high school evacuated just before noon yesterday after several people noticed a strong chemical odor. 35 people were taken to the hospital. everybody is okay. investigators are trying to pin point the source of those fumes. before the iowa caucus turned into another show down between donald trump and the rest of the candidates on stage. many of the candidates said they would be the best ones to punish isis following the paris and san bernardino attack

but if apple can make its own display tech, the company may not have to rely so much on samsung and other companies for parts. ***""now it's still waaaay too early to talk about what the next iphone could look like, because apple could be testing multiple ideas. but one possible change has some maco-takara has a source saying the iphone 7 will not have a typical headphone jack, and instead customers would need to use wireless bluetooth headphones or buy an adapter that plugs it into the lightning charting port. this would be done to make the iphone even thinner. apple owns beats branded headphones, so it would benefit the company if customers need to buy something new that works with a lightening port. philips and jbl already make a lightning-powered headsets, so the specs to do this are out there. and we all know apple likes forcing people to change their habits. the imac in 98 didn't have a floppy disk drive. now you can't find a cd drive in an apple laptop. and apple's new 12-inch macbook doesn't even have a slot for a standard usb, just the new usb-c port, and that's the only port on

and have3.4% of the market. we see that lead being chipped away. apple came out with a larger screen iphone and that really gave samsung a run for their money. for a long time the only edge they had on apple. they wanted a larger phone. with thethey came out iphone 6 and the iphone 6 as people are choosing to use those funds over samsung phones. i was just in beijing and i saw a lot of people with iphones. on the low end you have xiaomi differentiating itself as a cheaper player but also a better quality software player. and a lot of users say the xiaomi phones look and work a lot like iphones. we're competing with insulin price. they are competing with samsung on price. why wouldn't you buy the cheaper phone? we are waiting for the galaxy s seven sometime next year. we are not expecting this leadership transition to have an impact on those products, but especially the next generation after that. chang, anchor of bloomberg west break coming up in the next hour of bloomberg markets we can see markets move this week thanks to the ecb and opec. christopher gives us his 2016 outlook. ♪ betty: 3 p.m. in new york, welcome to "bloomberg markets." ♪

and as john said, even stationary e-commerce payments are very important to charities. i don't use apple pay or samsung. and the reason is because i don't have a new enough phone to make an apple pay and i don't happen to be carrying samsung. the committee asked us to look at the four questions. the first was whether mobile payments were disrupting other forms of payments. and i personally believe the answer is not yet. and i'm not certain when that moment will come when that will happen, but i think it is a question of a level of adoption and i'm not positive given that mobile payments will continue to rely on credit, debit, and other traditional sources of the funds for clearing settlements the degree to which mobile payments will disrupt in the way we typically use the term. i would prefer to say that mobile payments can augment. the second question the committee asked me to discuss was the security and what the technologies are. and while i agree that there have been some significant upturns in security, i like multifactor authorization, which we do not yet have with plastic cards in this country,

at five years old, xiaomi rivals apple and samsung in the chinese smartphone market and is valued aton. but worldwide it is not a household name. former google executive hugo barra intends to change that. born and raised in brazil, he left a top job as the public face of android to take xiaomi global. joining me today on "studio 1.0," is xiaomi vice president of global operations, hugo barra. hugo: hi, how are you?

can see armed individuals ordering two employees and a customer into a back room and then they stole 40 apple and samsung phones worth about $1500. this happened last sunday at the t-mobile store on first avenue middle of the amp it took place. know. also in the bronx a gunman on the loose after a daring -- hate that word for this after a scrupulous car robbery that led the morning. police say a man dressed in a suit got away with $78,000 after he held up a truck in the east area. a guard was loading money into the back of the truck when the suspect approached approached it that's when other guards drew their weapon and a shootout began. thank goodness no one was hurt. there was a one witness i heard on radio saying it was like the okay corral he couldn't believe no one was killed. well-dressed gunman seen getting away in a red honda accord so there you go. if you have any information on either it have those stories call crime stoppers 1-800-577-tips. >> all right it is now 6:21 a lot more still to come here. when heartburn hits fight back fast tums smoothies starts dissolving the instant it touches your

the thieves ordered employees and a customer into a back room and then stole 40 apple and samsung phones and $1,500 in cash. if you recognize these men, please give police a call. >>> an arsonist in queens is under arrest for a string of fires outside a police station. the fire bug was caught on video last weekend in forest hills. the rubbish fires on austin street damaged a police cruiser outside the 112th street precinct house. the 36-year-old is charged with investigators do not believe he is connected though to the a series of unsolved arsons at nearby homes. >>> happening today in new jersey, a lasting tribute will be dedicated to the memory of a fallen officer. new signs are up renaming the road after the police officer. a tractor-trailer hit his police car on the highway. he had worked for the police department for five years after eight years with the u.s. marines. he was a graduate of the local high school. >>> a north jersey man sits behind bars after drove his car into oncoming traffic on purpose. police say he found him surrounded by prescription drugs when he was pulled over

and that is where they loaded up 40 apple and samsung phones and $1,500 in cash. >>> students will soon be paying more to attend the university of connecticut. this morning the school's board of trustees approved a plan to raise tuition nearly 31% over starting next fall, in-state students will pay about $700 more per year. for non-resident the increase will be more than $1,000. >>> well runway scare involving a southwest plane. the plane skidded off the runway last night after it landed in nashville, tennessee. at least eight people were injured. we have the details. >> you just heard, everyone get off the plane. leave your luggage. just get off the plane. >> reporter: frightening moments for 133 passengers 737. >> terrifying to feel the plane bounce up and down. >> reporter: southwest flight 31 departing from houston and making a rough landing at nashville international airport at 5:20 p.m. it was a lot rougher than what it usually is. right. >> reporter: the taxiing plane roll off the runway on to the grass, getting stuck. shutter and heard basically swerved into the ditch. the fligh

let me ask you, is it possible that apple is jumping the shark and there will be a backlash and people would discard apple products for samsunge united states? >> no. taxes is not going to come between am and their customers. people want their i phones and they want them tomorrow, they want their apple watches. the big issue with apple is not bucking the tax season it's hip krirt i to complain by the when companies basically play by the rules. it's on top of paul ryan's agenda. is apple the same without steve jobs? and we don't know yet. we haven't seen a giant new product come out. adam: they delayed apple tv. >> i argue that am entertainment. apple music and video is very sophisticated. adam: i'm an apple owner but i use spotify. miss universe's epic fail. steve harvey, the cringe moment heard around the world. crowns the wrong queen and has to take it. miss america 2008 will join us next. in the stomach where it belongs. for fast-acting, long-lasting relief. try gaviscon®. for fast-acting, long-lasting relief. hgoogle voice response:t inachim sigsa. how long does milk last? google voice; one week after the sell-by date. ho

that suggests they were a hot seller during the holidays despite competition from apple and samsung watches. fitbit stock jumping 3% on monday. >> new year's resolutions, landon. thank you. >>> all right. in sports, monday night football in chilly denver with temperatures in the teens. the 11-3 bengals would control home field in the playoffs with a win. a.j. connects with mccarron degreen for the touchdown. brock os wyler connects with imemmanuel sanders to get denve back into the game. we fast forward to the fourth. four seconds left on the clock, and here is the call on espn's spanish station. [ speaking spanish ] >> that translates to no! the game goes in to overtime. brandon mcmanus is redeemed as he hits the game-winner 37-yarder. final score broncos 20, bengals 17. both teams are 11-4 going into the final week how about that. >>> in san antonio, it was bat versus batman when the spurs' mascot needed a net to capture a bat that just happened to be flying courtside in the arena. the critter was taken away by animal control as the spurs mascot soaked in that moment. >>> now, to the acti

to take on apple and samsung. the music streaming industry is getting a little help from the beatles. are consumers showing more interest in the shoes on their feet than the phones in their pockets? nike shares have been outperforming apple over the last three months. posting second-quarter profits that beat analyst estimates. orders were up 20%. more of "bloomberg west," next. ♪ emily: it has been a long and winding road. the beatles music will now be available for streaming. it goes into effect one minute past midnight on december 24, wherever you are in the world. why is this happening only now? joining me now from new york is our next guest. there is a complicated history between the beatles and streaming services, all the way back to steve jobs. >> it goes way back to the early 1960's when the beatles were just breaking big and they gave away most of their rights to record companies. music rights are some of the most convoluted, confounding rights you can find anywhere and it was not the beatles who were holdi

driving safety and hear more about how blackberry differs from apple it comes to the encryption debate. the apple payment platform will soon be available in china. both apple and samsung reached separate agreements with the largest payment maker to break into the market next year. drivers will be able to add the bank cards to devices to buy stuff. but they face tough competition in that market. alibaba already have huge customer bases for payments on their e-commerce platforms. is there such a thing as following the law to closely -- too closely? for google's driverless cars, that may be the case. they are making a big impact in the fight against terrorism. a special report on how tiny robots are saving lives around the world. ♪ emily: welcome back. amazon is looking for a big way -- bigger way to take control of the delivery process. the online retailer is considering leasing 20 boeing 767's. this would save time and money. they want pose a threat to fedex and u.p.s. yet. the initial proposal is said to include only a handful of planes. from the skies to the streets, accidents involving self-driving cars are on the rise. who is at fault may surprise you. blame the hu

put a number to next year and the year after, that is, we do not talk a lot about it we just made a guess based on projections. -- how dok, so you you see apple's position, samsungr possession -- position in the market? carl: i think over all, it is not a healthy market when one company like apple takes over the market. everybody else's struggling and not making a lot of money. so, yeah. rishaad: do you get tired of talking about apple? carl: not really, we think that we are so small that the decisions we take internally and practice a lot more than competitors do. rishaad: what about the iphone? we, it was funny, our phones have a different material. consumers can buy these for their friends, weeks or of cover the apple logo -- we sort of cover the apple logo would be 1+ logo. rishaad: and you have global plans? carl: the u.s., u.k., and india. rishaad: what about europe? europe we are of shipping to, but the lesson we learned is that we need to go deeper into the market. , instead ofkets extending into more countries we want to make significant impact into key countries like the three dimension. rishaad: thank you so much for joining us. business, on trending

emily: he's saying we could add 5 million more smartphones next year and apple's second only to samsunghuge potential for apple. we're trying to follow up on the reports that apple is scheduling an event in march and may be unveiling a smaller screen iphone? iphone is six. we will be able to confirm those until we get closer to the time it is interesting to see apple potentially catering it to an audience that wants something different. david: thank you very much. make sure you tune in tonight for a talk about solar stocks. that is 6:00 eastern right here on bloomberg television. some breaking news here -- microchip is the undisclosed bidder for at hill. coming up, a discussion on the weeks big the decision. that's coming up next on bloomberg markets on bloomberg television. >> welcome to bloomberg markets. from bloomberg world headquarters in new york, i'm ready lose. here's what we are watching at this hour -- a market rally underway. reboundingsurging, a crude oil as junk bonds help to ease investor fears ahead of the fed decision tomorrow. just 23 hours away now from the fed's poten

apple and samsung are entering the chinese mobile payment market. companies reached separate agreements with china's union pay. the deals offer an entry into the market. las vegas casino billionaire the casino industry to start recovering next year. that's after an 18 month downturn with china's slowdown and an anticorruption drive keeping highrollers at bay. they are expecting a 32% decline in growth gain in revenue. japan kept its main monetary stimulus target unchanged. and real estate. the yen stronger against the dollar this morning. that is your bloomberg business flash. francine? francine: nejra cehic. today's until spanish voters go to the polls for a new generation of politicians demanding power. is anasically this uncertain election. tom: absolutely. believed,ls are to be the spanish are going to be ripping out the political playbook. someday there going to be moving away from the old parties of socialists and popular parties. pro centrist,rd a market party. ofng people on the sharp end a morbid jobs picture here in spain. yes, polls sugge

they stole 40 apple and samsung phones worth $1,500, this happened last sunday in the juliet: speaking of the middle -- [end] -- excuse me. bronx, middle of the afternoon a gunman on the loose after a daring, i hate saying daring, an armored car robbery and issue out. a man dressed in a suit, with $78,000 after holding up the truck. he was loading money into the back of a truck when the suspect approached and that is when the other guards drew their weapons, the shootout began, no one was hurt. he was seen getting away in a red honda accord. if you have information on either of these stories called crime stoppers a hundred-577-tips. ben: a lot more to come on wednesday morning including a look at the slowest and least reliable bus routes in the city. plus mike checking the forecast. >> meteorologist: once again we have our sunshine with coolidge temperatures making a come back, felt that during the day, especially last night and this morning, 49 degrees your start of temperature at central park, mostly sunny skies coming today but it will be cooler, the high temperatures later this aft

samsung pay, the galaxy note five and the galaxy s sex. one big reason for the change, while samsung still take the top spot in the global smartphone market, it has been losing market share to appleand xiaomi. a new leadership pulled the company out of this smartphone slump? what will he bring to the table? senior analysthe at bloomberg intelligence. i will start with you. and is an annual shakeup that happens at samsung every year. it is mandated to a certain extent by the korean government. what did you make of the actual changes that he is making? >> i think this is a gradual step in the right direction. he has seen it smartphone sector get commoditized, facing lower price competition. it needs to move more into software and services. he is one of the people who have been working for that. skilll bring that right sets to this sector. i also think it is a slight shift in temperament. if you look at what we know about him he tends to be more reserved and behind the scenes. much more like ej. -- lesslike his father like his father. there is a shift in temperament as well as direction. emily: it is interesting. he is credited with being behind some of these more recent there is of

and as john segregated, even stationary e-commerce payments are very important to charities. i don't use apple pay or samsungand the reason is because i don't have a new enough phone to make an apple pay, and i don't happen to be carrying samsung. so the committee asked us to look at four questions. and in the interest of time, the first was whether mobile payments were disrupting other forms of payments. and i personally believe the answer is not yet. and i am not certain when that moment will come when that will happen, but i think that it is a question of a level of adoption. and i am not positive, given that mobile payments will continue to rely on credit, debit and other traditional sources of the funds for clearing and settlements, the degree to which mobile payments will disrupt in the way that we typically use the term. i would prefer to say that mobile payments can augment. the second question the committee asked me to discuss was the security and what the technologies are. and while i agree that there have been some significant upturns in security, i like multi-factor authorization, which we do not

apple is obviously dominating the high-end smartphone market. they have over 50% market share. this is a two-horse race and we talk to the component suppliers and they talk about samsungarately as apple and i think that's probably going to be the reality over the next decade. >> just quickly, gene, your thoughts on the "60 minute" interview. i was trying to figure out why they did it. that was my initial thought was why are they doing this? >> it's probably been this the works for a long time even before all this scare about the march quarter which i think is missing the whole point but i think they do it because tim cook in general is more open to doing things where steve jobs wouldn't have done that and he's done a lot of other things like this. so it's more or less consistent with them trying to let the world know they use their products all day long, give them a little bit of a taste of what goes on behind the scenes. >> jon fortt, with he have to leave it there. we'll see you soon. gene munster, thank you very much. >> thank you. >> brian, we want to take a check on shares of solar city. we just spoke to the ceo. you can see on the chart right after the interview

apple is expected to take its mobile payments service into china next year. it would be activated on i phones and i pads and the apple watch once china serts system. samsung'say system would also launch there next year. and heidi has a look at markets. >> that was a short rally we saw here in asia 5789 back to declines and it looks like that's how we're going to end the trading week. we saw declines following that bank of japan decision to, as expected, not expand market stimulus. hong kong managing to crawl back into positive trert -- territory by a tenth of 1%. the sing pressure on dollar strength. also a quick look at the u.n. because it is -- yuan because it is day 11 of utahan's depreciation. 10th darren: now the longest on record. this is the current stretch of losses that we're seeing now. we did have one piece of good news out of china, which is property prices picking up in more cities than expected in the month of november. as sush -- such, we are seeing a slight regional slowdown. properties in hongcopping and china seeing very strong gains. we are counting down to the opening in hong kong and china at the top of this hour. from silicon valley to

happened sunday afternoon at 3:00 near east 19th street investigator say the men took off with 40 apple and samsung phones and $1,500 in cash. >>> the federal reserve could end its meeting with a hike in short term interest rates, a sign that the economy could grow without supports put in place from the crisis, stocks were higher, jill wagner joins us from the stock exchange with what a rate hike would mean to consumers. >>> a final debate of the year for the republican presidential candidates that took place in las vegas last night featured a heated exchange between donald trump and jeb bush over the issue of syrian refugees. country and if i'm president, and if obama has brought some to this country they are leaving they are going, they are gone. >>> donald is great at the one- liners but he is a chaos candidate, he'd be a chaos candidate. >> you're a tough guy, jeb. >> you are never going to be the president. >> 50 days until the first votes are cast in iowa the heat was onto put a dent in donald trump's lead. carley fiorina got in a dig saying americans are looking for solutions. >> not lawyers

and 60's will be with us for quite sometime. ill will's tell you when record could fall coming up. >>> we've heard of apple pay and samsung pay butout wal-mart pay. world's largest retailer is rolling out its own new smart phone based payment system, wal-mart pay, with it, shoppers can ditch their wallets and use app to pay at cash registers. wal-mart pay can be used in wal-mart stores and expected to be available nationwide by middle of the 2016. >>> united airlines is bringing free snacks back, chicago based airlines cut passenger perk in 2008, starting in february, more than flyers will get a complimentary waffle, dutch carmel filled waffle, that pairs perfectly, with a cup of coffee or tea. a company spokesperson says airline is focusing on the little things they know matter to customers. >>> that looks good. >> nice and important. >> yes. >> time for your philadelphia jobs market report. >> cbs news business analyst jill schlesinger is here with more. >> while you are concerned with checking people off your holiday shopping list retailers are paying careful attention to your buying habits. entire industry has popped up aroun

righters is reporting that apple could soon -- reuters is reporting that apple could soon work with samsung and lg to incorporate their display technologies into a new version of the iphone. it could mean improved image quality and battery life compared to the current lcd screens. no comment from any company. >>> now for a look at what's ahead on the "cbs evening news." >> jim axelrod is in for scott pelley tonight. >> reporter: hi, allen and veronica. coming up on the "cbs evening news," fall from grace. comedian bill cosby faces sexual assault charges. we'll have a report from outside the courtroom. plus, a flood emergency in missouri where the mississippi river continues to rise. and -- >> you can change the world one heart at a time. >> from a dinner table conversation to a multi-million dollar charity the two young girls giving thanks to america's military. that's tonight on the western edition of the "cbs evening news" at 5:30 right after kpix 5 news. announcer: get beautyrest, posturepedic, even tempur-pedic mattress sets at low clearance prices! save even more on floor samples, demonstr

the year's old apple-samsung fight that started in a northern california courtroom is almost over. samsung has agreed to pay apple nearly a half billion dollars and says if apple can get the bill to them soon, they'll get that check printed by a week from monday. a jury right here in san jose ruled years ago samsung copied many of apple's iphone features when making their phones. mark zuckerberg is defending himself on facebook following up on his announcement that he and his wife would spend most of their fortune to make the world a better place. some people took issue because the money would not be going to a traditional charity a 501 c-3. zuckerberg explained. no matter the way you feel about how a billionaire gives away his billions, we will point out mr. zuckerberg has in the past years given $50 million to san francisco general hospital, $150 million to the silicon valley foundation and, kris, $100 million to new jersey schools. >> i would say we shouldn't apologize for being skeptical and asking the questions, but there is more than one way to do things, right? >> he's given away a lot of money. >> so every day has become cyber monday with

and sign an accord on future liabilities. it comes amid allegations the company failed to pay taxes over several years. according to reports, apple is "close to signing a deal with samsung and l.g. to make screens for the next generation of iphones. shares of apple are down for the year. they're down around 9% in just the past month. they're down about 1% today amid concerns over the iphone supply chain and what the holiday season will look like. dan, we heard tim cook tell "60 minutes" that apple pays every tax dollar it owes despite the fact that this inquiry had been ongoing. what do you make of it? >> well, i think apple probably does pay every penny that it owes, and i think governments are looking for ways to tap into revenue sources that they haven't tapped into before because their economies aren't growing. apple is a very big target. they have billions and millions and billions of dollars. there's really no harm in governments going after large corporations right now, so why wouldn't they? >> sir, here's a question for you, dan. you saw tim could be on "60 minutes" i imagine a week ago. tim cook coming out against the tax system saying it needs to be fixed, yum

and pottery been. >> samsung pay launches in september and has reported a lead over apple and droid pay because it doesot require retapers to install new equipment. they will expand into on-line shopping to come pete with papal. >> happening right now we will check on trading on wall street in the green right now and up 170 points. >> good morning, san francisco based ride sharing service lit has more cash to taking on uber, receiving $105 million invest 349 from the saudi prince according to the "wall street journal" from the said arabian prince. san jose and sunnyvale residents have the longest lie span in the nation. 82.7 years the area has the lowest rates of smoking and obesity in the nation. as far as shortest life span in as far as shortest life span in the state that is of smoking. "los angeles times" said this is an offer of extras for $25-$35 a night for a mix high speed wi-fi and snacks and candy and water and fruit and drink vouchers and premium coffee in the hotel room. >> the dow is up 170 points and s&p is higher, as well, and touch and go if we close the year positively and we will see.

display get a pop today on a report from korea's "electronic times," saying that samsung and lg are close to final deals with apple to supply oled displays for iphones. this follows a similar report from japan's nikkei just about a month ago, stating apple will launch iphones featuring oleds in 2018. as a result, shares of universal display were up about 7% today to $56.02. >>> and shares of fairchild semiconductor rose today after word it got a revised, unsolicited takeover offer to buy all of its outstanding shares for $21.70 each. that comes out to nearly $2.5 billion. last month, onsemiconductor agreed to buy fairchild's outstanding stock for $20 a share. today shares were up nearly 4% to $20.75. >>> well, we know that manhattan is an island, but it's also an island like no other in real estate. sky-high rents are forcing some companies to close and forcing others to really re-evaluate whether the pricey real estate is even worth it. courtney reagan takes a look. >> reporter: after 14 years, toys "r" us is closing the doors of its times square store for the last time tonight. five months ago, the retailer clos

microphone and some fitness apps, samsung spatter watch has got cool rotating asbestos he will around the front, a dial to let you select things easily. >> it works with both android and apple phones. shows can charge in 15 minutes, has two bands sizes to accommodate smaller wrists. >> if you don't need all of the bells and whistles, fitness trackers are a simple alternative. 150-dollar fit bit is one of the most affordable options for heart rate tracking. >> uses tracking in ways that are not too inch trues i have. >> the 99 glares has good battery life and vibrating alert system. >> every day wellness, that means, things like keeping track of what you eat, how you sleep, and how you hydrate. can be described as jewelry, notify when you you get a call or text and tap shows you time and activity progress. for more gift ideas, visit cnet.com. click on the holiday gift guide. in san francisco, cnet.com for cbs news. >> good week toned get the shopping done. sunshine around today, tomorrow, and really into next week. no signs every any big storm systems coming at us. cold start to the weekends though waking up temperatures well below freezing mid 20's, in some of the coldest s

starbucks did this earlier before apple pay and samsung pay and android pay, and the rest.an wal-mart pay also get transaction on top of that? of course, they have the possibility to offer coupons, discounts, all sorts of incentives for their core customers to adopt this. they stand a pretty decent chance, i think. >> although it's best replaced by energy names? netflix had nine nominations for shows like narcos and orange is the new black. compare that to seven. six two years ago. amazon, five noms. transparens. zero in 2013. broadcast tv is nowhere in some of these categories. it's all about either these streaming services or hbo. >> you can think of netflix and amazon prime as the new network model. incredible runway. set up beautifully for the future. some of the carriers are set well. we need access, so we have to pay comcast or verizon or others for access to get this. the current network model, that is what you are going to see under pressure over the next ten years. >> i guess the only question, though, is how much is it costing them to go out and make these origina

samsung is making a last ditch effort appealing to the u.s. supreme court and it's long running fight with apple and u.s. patent law too broadly and one that can hurt competition by awarding excessive damage to patent holders. samsung also claims the verdict that it can't be the iphone's design could encourage patrols to step up litigation. earlier this month samsung agreed to pay apple $548 million in damages on that case. >> still to come on the show, you're next. that's president obama's message for isis leaders. his latest security announcement after the short break. we'll be back in two. >> live preparations for the launch of the international space station expeck digs. the rocket is due to take off at 6:03:00 a.m. eastern time precisely. it's a very exciting moment especially here in the u.k. the first british astronaut to be going up to the international space station but as we were talking about earlier nasa indicated it wants to pull out of the program in about ten years from now. so whether or not the private sector will step in but big ambitions and shifting focus a bit. and it has th

like apple pay, google pay, and samsung pay. that way, you never have to pull out your card, and your card information is never exchanged. lastly, beware of scams, like robo calls. don't give personal information over the phone unless you have verified who you're talking to. todd pietzsch: if you use the tools that are out there for you to manage your accounts, you're going to be the one that's in control and not the fraudsters. alyx: there are tools with your smart phone like those apps that can send you alerts and some ask if those are safe. we will explain why coming up. eric: you just have to keep on top of it. alyx: that's exactly right. elizabeth: another warning about holiday shopping this morning. experts say the online shopping craze is inspiring more thieves to swipe packages from doorsteps. nearly 23 million americans say they've had packages stolen from their homes. travelers insurance says to specific delivery time if possible, or ask the delivery company to hold your packages at a nearby store. eric: wall street ki