this is the samsung galaxy fold, the folding smartphone that samsung hopes people will pay £1800 for. share his opinion, some complained about faulty screens after using the phone for as little as one day. earlier i spoke to jake saunders from abi research, and i asked him if samsung will regret rushing the phone out. foldable phones of the future but i'm not sure they are up to the realities of today. there is a big race to get to these highly innovative phones. fundamentally, the market is shrinking. last year the overall smartphone market shrank about 7%. yes, there are1.4 smartphone market shrank about 7%. yes, there are 1.4 billion phones shipped, it is shrinking, so they are trying to go to the higher end to keep up the revenue. our reviewer was able to review it and there were no problems, but others have said there are key issues with the foldable phone. do you think there was something wrong with the production line, in the supply chain process ? production line, in the supply chain process? these review fines are not fully commercial, so they don't have all the bells and whi

we had a negative reaction from samsung investors.

breaking news out of samsung.have their pulmonary earnings report coming in with operating profit for the first quarter, missing estimates, coming in at 6.2 trillion won. the estimate was for a number higher than 6.9 trillion won. first quarter sales coming in at 52 trillion won. the estimate was for a marginally higher number then we saw. this was putting much expected. samsung warned they would miss analyst estimates. bloomberg intelligence saying the earnings plunge will continue until we see the demand for memory chips gradually picking up. earnings,lmonary their operating profit for the first quarter missing estimates at 6.2 trillion won. haidi: if we get a resolution on the trade story, that could see quicker recovery potentially. that was the optimism over the u.s.-china trade deal, pushing boeing shares higher overnight, seeming to outweigh a preliminary report. our bloomberg aviation security reporter joins us now from washington with the latest. what were the key points made? pretty damming report. data

in a presentation he unveiled a microchip or self driving cars made by samsung.sla the edge over rivals when it comes to autonomous driving. worries about a warming planet mean global agriculture could be facing a tough future with lower rainfall and drier earth. one research institute in the middle east is looking for ways to increase profits for farmers working in arid regions and they‘ re producing some surprising results. vivienne nunis reports from dubai. home to more than a0 million date palms it is one of the leading producers with global demand for the fruit growing. experts say that too many farmers over irrigate their crops. what we are doing with the date palm which is a major tree in the uae is research of water consumption per tree throughout the cycle. so we are investigating how to reduce the water footprint of date palms in the region. at this research centre scientists are looking for ways to boost farming incomes in harsh desert climates. their work is already producing results, especially in producing salt tolera nt results, especially in produ

why samsung has decided to fold on the market evidence samsung tablet crossover.s is bloomberg. ♪ jessica: "daybreak asia this is "daybreak asia." -- this is "daybreak asia." i am jessica summers. reacted after the trump administration said it would not waivers ontions countries buying iranian oil when they expire on may 2. it is 20% of the crude. oil hit its highest level in six months as washington announced an end to waivers. paul's have closed in egypt after a three-day vote on amending the constitution and allowing president lcc to remain to remain inl-sisi power. a widespreadave crackdown on dissent. the apparent spontaneous in shanghai has prompted investigations. circulate onto social media. they said one of the cars caught fire while being repaired. china recorded at least 40 fighter related incidents involving new energy vehicles. fire-related incidents involving new energy vehicles. over the weekend, it's dragon crew capsule was an golf in -- its dragon crew capsule was engulfed in flames. spacex hoped to launch a manned dragon caps off as early as july

samsung is the major stock to watch in asia today, pretty unchanged. it didn't come through with its biggest fall in profit in four years, it had been flagged last month and priced in. the jewelry manufacturer in india up by 1.5%. growth over the course of next year. japan post surging in tokyo on news of share buybacks. it is up the most sense 2016 in the tokyo session. nejra: juliette saly in singapore, thank you. i want to bring you more context on the chairman deciding to leave the group. the deputy chair of becoming the new chair. onse lines coming through swedbank. the chairman stepping down. it is amidst the laundering scandal that has plagued the bank. it will take time to restore confidence in swedbank, and the recent developments are regrettable. that's turned to trade. china and the u.s. making headway on trade talks. president xi is saying there is progress.l president trump agreed a deal would be monumental, but adds they have some way to go. president trump: intellectual property protection and theft, talking about certain tariffs, and el

samsung newrs of phone report flickering and failed displays for samsung's new phone.irst, our top story. as president trump put it, it was a good day. that partially redacted mueller report is out for all to read, but the conclusions of congress may not align with the conclusions of the president. pres. trump: i said in front of my friends, this should never happen to another president again, this hoax. it should never happen to another president again. emily: meantime, while mueller concluded no collusion, the debate swirls on the issue of whether the president obstructed justice. mueller said the president repeatedly engaged in a series of "targeted efforts to control the investigation." house leaders have called mueller to testify and have subpoenaed the full report. the most redacted part appears to cover russian meddling in the 2016 election via social platforms like facebook, trader, google. i want to bring in a bloomberg tech's eric newcomer in new washington, and a edge return who has been covering the report -- anna at edgerton. there is so much to digest. te

pluscan have a samsung s10 and still have $750 cash left over.user proposition to buy this thing at this point, especially because how bad it is on the software and hardware front. emily: when you put it that way, it is hard to argue. samsung had issues a couple of years ago with a note 7. the battery kept catching fire. how bad is this in the context of the broader product lineup? ryan: personally, i would say that the note 7 issue was worse, because there were customers waiting for that product. they still do and have, a very loyal note user base that were waiting for the note 7 when it came out. many bought them and experienced those issues. so i just don't see that there is any actual consumers that have been waiting for this product. i am pretty sure that most don't even know that these products were ready to launch. if you look at the marketing campaigns that samsung alone has done around their new products over the past 10 years, i would say this is as minimal as possible in terms of marketing not only did they just launch . thes10 lineup,

this felt very un-samsung-like.ould almost separate the issues, not in defense of them, but i think they're very different in nature. i felt like this was too many new technologies and really trying to get them out to market really quickly, where they had more time to sort of wait on that. >> we'll have to leave it there. we'll be watching how this one develops. coming up, southeast asia's ride-hailing leader, grab, wants to become a super app. we'll tell you how far they are to getting there. this is bloomberg. ♪ >> this is "bloomberg technology." i'm emily chang in san francisco. southeast asia's leading ride-haling app, grab, brought its funding to a total of 4.5 billion. now the company says it's supersizing and plans to raise additional money this year. joining us to discuss, grab cofounder. great to have you back here in the studio. >> thanks for having me again, emily. >> last time you were here, we talked about the vision to become a super app. how much progress have you made towards that since we last spoke

it felt very un-samsung like.e that they have gone through issues in the past but i would almost separate those issues. not in defense of them but because they were very different in nature. this was taking too many new technologies and try to get them to market quickly. they had more time to wait on that. emily: that does it for this edition of "best of bloomberg technology." we will bring you the latest in tech throughout the week. you can tune in every day. 5:00 in new york and 2:00 p.m. in san francisco. we are also live streaming on twitter. follow our global breaking news network tictoc on twitter. this is bloomberg. ♪ alix: president trump takes a hard line on iran and issues no waivers, testing key relationships with allies and puts the ball in saudi's court. occidental increases their bid for anadarko, entering a battle with chevron. investors place their bets. tesla and panasonic. elon musk is in a twitter battle with the battery supplier, saying they are responsible for the constrained reduction of the

un-samsung-like. almost separate the not in defense of them, but i think they're very different in nature. i felt likehis -- this was too many new technologies and really trying market reallyt to quickly, where they had more time to sort of wait on that. to leave it there. we'll be watching how this one develops. up, southeast asia's wantsailing leader, grab, to become a super app. we'll tell you how far they are to getting there. bloomberg. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. ♪[music] >> this is "bloomberg technology." i'm emily chang in san francisco. asia's leading grab, broughtp, it

it felt very un-samsung like.ave gone through issues in the past, but i would almost separate those issues, not in defense of them, but i feel like they are very different in nature. i felt like this was sort of taking too many new technologies and trying to get them out to market really quickly, whereas you know they had more time to , wait on that. emily: the idc vice president ryan reith and our own mark urman. that does it for this edition of "best of bloomberg technology." we will bring you all the latest in tech throughout the week. tune in every day, 5:00 p.m. in new york, 2:00 p.m. in san francisco. bloomberg tech is live streaming on twitter. chnology and bee sure to follow tictoc on twitter. this is bloomberg. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answ

samsung was no exception to that.competitors, competitors, in particular, takei is beginning to shares from samsung, apple, and others. i think that is the big concern i have, it's not really about the actual units, or the actual profits, it's more about the competitive dynamics and how much better are the chinese getting, and are they narrowing the gap? it appears they are narrowing the gap in terms of shares and technology. that is a bit of a concern for samsung going forward. sanford c bernstein senior research analyst mark newman. thank you. don't forget tv , there you can watch us live and catch up on past interviews and dive into any of the securities or bloomberg functions we talk about. become part of the conversation by sending us instant messages during our shows. this is for bloomberg subscribers only at tv . this is bloomberg. ♪ paul: it's a big week for australian earnings with the big hanks reporting. analysts are forecasting messy results. they have grappled with a couple of issues in the housin

emily: what is samsung saying?hey are saying they want the phones back, what to take a look and see what the issue was. they were quick to point some blame to removing the screen protector, but i don't think that is a really good way to go about it, blaming the removal of the screen protector. a screen protector should not be the difference between a $2000 phone working or not working. these companies have an obligation to build devices that take into account how people are going to use them. and people are used to taking screen protectors, plastic film, off devices before they can begin using them. any iphone or samsung phone bought over the last 12 years worked to the exact same way. so you are telling me with this one, you remove it and it just stops working? it does not make sense to me. emily: your tweet about the defect exploded the twittersphere. we will continue to follow your story and the assessment of what happened here. mark gurman, thank you. the elon musk s.e.c. saga continues. in early april, a u.s.

adding some news from samsung. they say they will release -- delay the release of the galaxy full smartphone, the $2000 loan that was having some issues for some customers. now we are hearing the company will delay the release of the fold smartphone. president trump has said he will not nominate herman cain for a seat to the federal reserve board. in a tweet, the president said, my friend herman cain, a wonderful man, has asked not to be nominated for a seat on the federal reserve board. i will respect his wishes. hermann is a great american who loves our country. for context, let's bring in our economics policy correspondent michael mckee. herman cain said he did not want to go through the betting -- arduous vetting process. would he have made it through? would not have. republican senator said that they would have voted against him. he would not have been confirmed by the senate. that was a message the republican senators were deliberate resending to donald trump, who had not been at herman cain when he said he i

are you going to see again so i like let's start with samsung what's the latest. well as you just said the me we know samsung is there a massive technology giant at sixty percent in operating costs year after year that's when you're considering the first quarter of two thousand and nineteen much of this obviously has to do with smartphones as we're talking about and one big indicator here and when you think sam so you know we might think of their galaxy phone or their phones but samsung goes beyond that samsung supplies many parts chips and screens etc to other cell phone makers so they've seen a big drop in orders for that as well and these are all indicators that the whole entire market has lots of scent is just samsung is feeling this drop in consumers want to for so phones shall i say smartphones in general now one of the big factors here is when you turn this around the amount of money that is being lost here so the company esmie that operating profit for the first three months of two thousand and nineteen will total five point four billion dollars now that's

we do have very loyal samsung fans out there. they we re loyal samsung fans out there.s shocking about this for most people is that they have received this phone, this is the big launch, you know, you want the big launch, you know, you want the hype. and there are so many significant problems. it is not about using the phone, it is not about using the phone, it is not about bugs. it is the actual screen, hardware. they are going to have to sort it out very fast. thank you very much for the moment. you will be joining very much for the moment. you will bejoining us for the papers later. stay with us on bbc news, still to come: spurs stun manchester city in a 7—goal thriller to go into the semi—finals of the champions league. there pol pot, one of the century's greatest mass murderers, there is reported to have died of natural causes. he and the khmer rouge movement he led were responsible for the deaths of an estimated 1.7 million cambodians. there have been violent protests in indonesia, where playboy has gone on sale for the first time. traditionalist muslim leaders ha

also in the programme: foldable flop — is samsung's new phone a galaxy away, after the korean tech giante launch of its latest expensive device? financial markets, most are nonplussed today, all markets worldwide are open after a long holiday weekend. also in the programme: people come in all shapes and sizes, so technology is now helping to make braces and prosthetics that are as unique as those who are wearing them. we'll find out how it all works. as samsung faces difficulties with its folding phone — we want to know, is this a product you're excited about and want? is it a must—have or can you live without it? a lot if you already getting in touch on this story, let us know, join the debate, use the hashtag. hello and welcome to business live. we have a packed programme as usual. let's get cracking. some of you may be excited about the fact that it is tech tuesday! the start of a busy week of results in the sector, with twitter and snap kicking us off later today. so what are we likely to see? first is twitter. it has about 126 million daily active users as of the end of last year an

samsung is one we have been watching. the facts the foldable phone is on hold for now. , they clearlyg want to get it right before they send it to the market. a bit of weakness in samsung stocks today. in indiays doing well after falling to a 10-year low yesterday but we are hearing that all the suitors have backed out of the bidding process for the jet -- debt laden airway. looking at airlines and the hong kong session coming under pressure due to that rally you saw in crude oil. story of energy producers doing well and the airlines getting hit a little. nejra: juliette saly in singapore, thank you so much. let's get top -- back to the top story, crude rallying this morning after the white house said it will scrap waivers allowing the purchase of iranian oil. joining us now is the head of investment strategy at everton. hope you had a good bank holiday. a range of views coming out very to saying the tighter iran oil sanction is to have a limited pricing. our place seeing upside risk to its forecast, citigroup saying oil

samsung had issues with the note seven.s this in the context of the broader product lineup? >> personally i would say the issue was worse, because there were customers waiting for that product. they did have -- and still do have -- a loyal user base that were waiting for the note 7 when it came out. many bought them and experienced those issues. iso not see that there actual consumers who have been waiting for this product. i think most do not even know it was ready to launch. if you look at the marketing campaigns that samsung has done around new products over the past 10 years, i would say this is as minimal as possible in terms of marketing. not only did they just launch the s10 lineup, this felt rushed. un-samsun like. i would almost separate those issues. they are different in nature. too manytaking technologies and try to get them to market quickly. they had more time to wait on that. it for thisdoes edition of "best of bloomberg technology." we will bring you the latest in tech throughout the week. tune in every day.

goes beyond that samsung supplies many parts chips and screens excedrin to other cell phone makers so they've seen a big drop in orders for that as well and these are all indicators that the whole entire market it's not just sent is just samsung is feeling this drop in consumers want to for so phones or shall i say smartphones in general now one of the big factors here is when you turn this around the amount of money that is being lost here so the company estimate of the operating profit for the first three months of two thousand and nineteen will total five point four billion dollars now that's lower than expectations from analysts that have a ready lowered their expectations so you can see that this is definitely a trend all across the board all across the world when it comes to these phones they're looking at when they're going to publish their report their earnings in the leader in april brought a fourteen percent drop in earnings so that is substantial for a company like samsung as i'm sure other smart phone companies are feeling this as well such as apple but why do you think th

samsung is not stupid.ving the first one out and really conquering this thing must be enormous, i would think. >> we've seen several companies over the last couple of years approach this whole -- answering this question, what if you had one device that could do everything? you have the phone that does the phone thing and open it up and do the tablet thing and plug it into a monitor at a hotel room and you have a full desk top experience. that experience samsung has been trying to sell. microsoft has done the same presentation over the last couple of years. that what if hasn't been met by a single piece of hardware that's done it and samsung is gearing for that here. >> are we looking at we can't fit anything bigger in our pockets or our purse? now the question how can we jam more things into it to make it bigger but also not bigger in >> i'm personally very excited to see the first person who tries to slide this thing into their back pocket and sits down somewhere and they will be very surpris surprised abo

what about competitors like samsung and lg? with lg's president at the consumer electronics show in las vegas. he said because of the tariffs, we have to build in the u.s. in fact, samsung and lg are looking to boost u.s. production, hiring around 1600, whirlpool looking to add 200 more staff. but whirlpool, yes, it had a great year so far this year but are still 16% below their 52-week high that was just last year. it remains to be seen whether or not we will see better profit, better earnings, especially when you pay more in aluminum and steel. back to you. liz: again, be careful what you wish for. the unintended consequences. we'll see what happens. susan, thank you very much. susan li. >>> we now have the closing bell about nine minutes away. it's a sword fight between tariffs and home sales, but our "countdown" closer has one company he says will come out the victor. we are coming right back. don't go away. -driverless cars... -all ground personnel... ...or trips to mars. $4.95. delivery drones or the latest phones. $4.95.

samsung is hoping that will happen again. years ago when samsung launchedthis is a $2000.an run three applications at once. the interface is intuitive -- barely intuitive, not as whenstent as i would like swapping between screens, but i have a feeling it will get better over time as samsung continues to invest in the style. when you open an outcome is basically a tablet, almost the size of an ipad mini but without large bezels. it has an imprint fingerprint scanner, a 5g version coming for international markets. this one goes on sale at the end of april in the u.s. in several colors, including this blue and gold. there's a silver, a black, a green that almost looks gold. overall, productivity users and business users will probably like this for the multitasking. you are able to pin three applications, you can be watching a video while looking through your calendar and taking notes. so it will appeal to those users, but the $2000 question is it will people want to buy these things so soon after they hit the market, given the technology is fairly early? i mark gurman for blo

samsung says it will be running further tests on the galaxy fold.ch costs more than $2,000, will go on sale. independent analyst stephanie harejoins me now. it is great to see you, stephanie. we do expect hiccups with brand—new tech. what do you make of the news? the fact it has been in development for eight years and has had this problem isn't great. this is not going to be their flagship problem isn't great. this is not going to be theirflagship phone, it won't bring samsung its fortunes. that will be the 5g phone that they have released. that is where the future of technology lies. the folding phone is fun, it is a gimmick. iam folding phone is fun, it is a gimmick. i am not sure what problem it solves. the 5g phone is it. gimmick. i am not sure what problem it solves. the 56 phone is it. the problem is... if you unfold that you can watch a programme on the train. you fold it up and it is small and it fits in your handbag or whatever. your pocket perhaps. but i remember when they launched, they haven't launched it, when they said this is in the p

down 1.3%, samsung dragging that down. again.ssed once the first quarter was going to look pretty weak. we are down 4/10 of 1%. edging to the lowest we have seen since january of 2017 for the one. the aussie dollar a leg lower after the numbers we got, whether it was official, a slight miss on all fronts here, especially when it comes to the subcomponents. we will flesh that out in just a little bit. a really choppy session when it comes to mail in markets. in g.m. here fluctuating between tenseand losses, down to of 1% in the dollar getting a little stronger here, also taking a slight leg lower, but we did see another strong fix coming out. 674.e hovering around pmi data was a miss around all fronts. manufacturing hovering around here, but when it comes to the white line, these are the indicators here still in contraction, although we are seeing an uptick here in march. you could say you are moving be a bad, but it could news cut good news tuition. pausemakers cannot really when it comes to stimulus efforts. look at the i

we had a negative reaction from samsung investors. samsung was going to have a bit of a downturn. profits on the most in four years. a 60% drop in profit. economists and analysts were expecting a drop of 56%. we saw weakness coming through in terms of what you have seen for the profits outcome. all of this on the back of phone demand for these. -- had people off to better update their phones a little bit less. rishaad: everything here is reacting to yesterday. in large part to that interest rate cut. a big fall for the rupee. just recovering against the dollar. 7.35 percent of the young there. that was a bit of a surprise for people. we are going to the barclays. just a half hours ago before we get his take. let's move over to sydney. we have the first word news headlines from paul allen. paul: the united states is threatening to restrict the flow to nato allies if they ignore allies -- one is about china's technology. this may be the most exquisite morning yet. some new members, including the u.k. have robust u.s. warnings. >> at the risk exceeds -- if the threshold, oure task is

oh, it's only a samsung, i got it. okay. okay. ( laughter ) i have a conspiracy theory.ant to hear it? >> audience: yes! >> trevor: sometimes i think apple secretly owns samsung and have them screw up all the time just to have the iphone seem better. every single time i get frustrated with my iphone battery or something slowing down, there's a news story, samsung phones have ebola now. i guess i'll keep you, iphone. ( laughter ) tesla, if you can't afford one of their super cool cars, won't be a problem for too long. >> elon musk promising self-driving taxies will hit the street by next year. owners will be able to use a smartphone app to put vehicles into commercial service when not using them. tesla would collect 25 to 30% of the fare charged to riders. >> trevor: okay. i don't know how popular this idea is going to be because if you can afford a tesla you probably aren't super excited about letting some random dude eat a tuna sandwich in it for $11. other risks as well, if your car gets a job as a taxi, at some point your car will act like a taxy. you will get in one

. -- samsung. >> the new fold was supposed to launch in china witith phoneses hitting g shelves inin the u.s.. inststead the e company is stponining and recalling all sale m models. this after multiple reports of broken screens amid testing by journalists and reviewers. the incncidence calall to mind e didisastrousus recalall of the y noteeveven phone which had an unfortunate tendency to burst into flames. it has been hailed as the future of smartphones, the galaxy fold. both a smartphone and tablet in one. just days ahead of its r release has had tos.,., samsung postpone the launch after reviewers reported screens breaking within days of use. in a statement, samsung said. >> to fully evaluate this feedback and run further internal tests, we have decided to delay the release of the galaxy fold. we plan to announce release dates inin the coming weeks. >> the firm said initial findinings showed issues could e to do with impact on exposed areas of the hinges. all rather embarrassing for samsung and brings back uncomfortable m memories of the 2016 flagship debacle with the exploding gala

it is one of samsung's boldest devices to date.lier this year, the company unveiled the galaxy fold phone which could be a phone or a tablet, with a price tag of nearly $2000. our own mark gurman got his hands on the device for a closer look. mark: remember when samsung launched giant smartphones and there was a group who thought it was a gimmick? sampson hopes this will happen again and it will also turn mainstream. this is a foldable phone, you can run three applications at once. the user interface is fairly intuitive. it is not as consistent as i would like when flowing between the smaller screen outside the phone and the bigger screen when you open it. it should get better over time as samsung continues to invest. it is the size of an ipad many. it has a fingerprint scanner like the phone. this one goes on sale at the end of april in the u.s. there's a silver, a dark gray, a black color, a green color which almost looks gold. business users will probably like this for the multitasking. you can pin three applications next to thi

how embarrassing is it for samsung? isa how embarrassing is it for samsung?ryone goes out to buy, the point is to position samsung as a great innovator. it is a pr exercise, for it to go wrong is a disaster, it evokes memories of the samsung galaxy note seven, another botched launch, it was nicknamed the exploding phone, when the batteries melted, airlines told people not to bring them on flights. due to be launched here in the uk early next month, do we know when the new launch date will be? samsung says it has delayed, a new date in the coming weeks, also cancelled two big launch events in china this week, so, it is definitely stopping while we can figure out what has been going wrong. improvements to be made including to the packaging because in some cases, part of the screen was peeled off by the reviewers! these screens are not glass, they are made of plastic so it can bend, some reviewers thought the plastic layer could be torn off. a protective film? yes, sometimes they have a coating on there when you buy them, some of the reviewers yanked those off a

the company also postponed launch event in hong kong and shanghai samsung has listed the phone tablet for nearly $2000. it plans to announce a new release date and the next few weeks. >>for your money tonight, a new report reveals that millions of americans could see their social security benefits slashed when they retire. trustees of social security and medicare release their annual report today. and it shows the combine trust funds for the government's 2 largest entitlement programs will be tapped out by 2035 that means there will not be enough money to pay out the full promise benefits and instead may be able to pay out about 3 quarters. there's no guarantee that this will happen the trustee say the congress can enact policies to ensure the viability. both programs. still ahead about the sharks and the warriors they are just one win away from advancing in the playoffs, our sports director mark joins us. >>live in studio to talk about what we >>time now to talk some sports. a big weekend for bay area teams and the postseason get was a lot of fun, sharks. they came back from a 3 to o

this is a great selling point for samsung, and also it means samsung will have one more thing to promoteth when it wants to have a bigger slice of the mobile gear market, which is basically dominated by huawei, and there are concerns about with security issues and samsung is certainly benefiting from that. with the 5g rollout, nationally, samsung will have bragging about its potential as a mobile gear provider. numbersng releasing later today. they already had a profit warning. >> it's really a matter of how bad it is going to be. inheard from samsung already an unusual statement, that it will not be as good as estimated. analysts surveyed basically half profit year-over-year. is it going to be worse than that? that would mean the downturn in the industry is basically being extended. it worries investors because it is a good indication of how the global economy is doing. if the earnings are bad, it is pretty bad news for the entire economy. >> thank you so much for that. oncourse, plenty more ahead "daybreak asia." this is bloomberg. ♪ haidi: very good morning. i am haidi stroud-watts in

samsung wa nted launch a folding phone.them out women, some are men. many of them have had cosmetic procedures and we will ask if they are now the norm for young people. a quick scroll through instagram would suggest that is the case. we will ta ke suggest that is the case. we will take more about this exclusive poll we have had commissioned with newsbeat. 1000 women between 18 and 30 were questioned and the results suggest that almost half of women believe having a cosmetic procedure is like getting your hair cut. 47% of women believe britain is obsessed with cosmetic procedures. 45% of women believe it is too easy to get cosmetic procedures in britain. and if money and health were not a concern, 83% of 18—30—year—old women polled would change something about their body — most commonly their stomachs but also their breasts and bums. it is quite a list. what is the government dealing with this campaign? it‘s concerned about the fact that people are unaware of the risks of cosmetic procedures, particularly more complex surge

are looking at china data missing, weaker samsung profits. industrial production, that also played in but you are looking at a currency which has lost 2.5% of its value this month. let's look at the board. s&p futures, disney made a record high. you have angst around numbers, but you are looking at s&p futures giving up .1%. morgan stanley says the valuation of the s&p 500, 17 times earnings, above the 10 year average. they are worried if you buy into these upticks and. you have dollar-yuan. the pmi suggests fragility in the currency. that is the dollar against the yuan. in terms of analyzing the numbers and sentiments. in asia, juliette saly rocs the markets every day. take it away. oniette: really focusing in korea in the wake of samsung earnings. we have japan out of action this leading the cost be is .5 percent., off by disappointing numbers coming through out of south korea. industrial output falling 2.8% year on year in march. hong kong's market coming under pressure in late trade but we are seeing upside in mainland chinese stocks. bot

emily: it's one of samsung's boldest devices to date.lier this year, samsung unveiled the galaxy foldable phone with a price tag of nearly $2,000. bloomberg's mark gurman got his hands on the device for a closer look. mark: remember eight years ago when samsung launched high-end expensive smartphones and there was a group that thought was a gimmick? samsung is hoping that will happen again. this is the galaxy fold, a $2000 foldable phone. you can run three applications at once. the user interface is fairly intuitive. it is not as consistent as i would like when swapping between the smaller screen outside the phone and the bigger screen when you open it. but i have a feeling it will get better over time as samsung continues to invest in the style. when you open it up, it's basically a tablet. almost the size of an ipad mini but without large bezels. it has an in-screen fingerprint scanner. there's a 5g version coming for international markets. this one goes on sale at the end of april in the u.s. in several colors, including this blue and

will this black eye for samsung be an opportunity for other smartphone makers? that story of course unfolded on the show last week "closing bell" starts right now. i didn't even mean to say folded just natural wit and talent. >> made for tv moment. by the way, not just you breaking samsung phones. >> i didn't break it it was not me. it was cnbc.com. it doesn't go on our -- but either way as you say -- how does samsung have that -- did they not test it themselves thousands of times >> we're going to talk about that welcome to "closing bell." i want to show you what's going on with the markets. we are seeing a decline. it's softer today. nothing extreme. we're sort of marching in place when it comes to the s&p 500 importantly, though, holding near the highs up 16% so far this year. we've seen a lot of this sideways action in the last week or so. nasdaq composite's actually up a tenth of a percent looking better than where we were the dow is lower thanks in part to boeing and some new controversies to talk about. down 57 points right now >> coming up, nobel prize-w

coming up, trouble for samsung. how the company's new $2,000 phone is breaking hearts before it even makes it i into consume' hands. and one fast food chain getting ready to celebrate april 20 with a ha very special burger. details coming up. you're watching "fbn: a.m." ♪ dear tech, let's talk. we have a pretty good relationship. you've done a lot of good for the world. but i feel like you have the potential to do so much more. can we build ai without bias? how do we bake security into everything we do? we need tech that helps people understand each other. that understands my business. we've got some work to do. and we need your help. we need your support. let's expect more from technology. let's put smart to work. ♪ ♪ when it comes to reducing the evsugar in your family's diet,m. coke, dr pepper and pepsi hear you. we're working together to do just that. bringing you more great tasting beverages with less sugar or no sugar at all. smaller portion sizes, clear calorie labels and reminders to think balance. because w

screen -- samsung said it will investigate the feedback. spending record for lobbying washington. spent $6.9 billion for the quarter come out spending google for the first time in a decade. amazon is coming closer to winning a controversial $10 billion cloud contract for the pentagon. says by the musk middle of next year, one million has less capable of driving themselves will be on the road. electric carmaker, acknowledging self driving expenses are cutting into cash flow. the presentation lack a silver bullet initiative to excite investors. tom: if you look at ubs's research, there is a terrific our chart that shows the underperformance of europe versus the u.s. the u.s. continues to really out to do on economic growth. ubs and our guest from another from aberdeen standard. how do you place the u.s. in a global context for investment? >> i think the key thing to my mind is the u.s. will lead the global economy and lead global equity markets. getting his writing terms of where the u.s. is in the cycle is going to be important. it is hard t

those don't seem like easy fixes, do they, for samsung?obviously when you're trying to sell 2,000-dollar phone to show how advanced technology is it will not be easy. we should point out most of the users did not have a problem with foldable phone. there are some examples as kristina reported, people complaining screen not working or hinges broken or removal of the top plastic part of the display, you're not supposed to take it off. it is difficult with shipments down. 5% overall for industry last year. samsung had to downgrade their earnings twice, by the way, two quarters in a row. there are also falling smartphone shipments by 8%. they need to prove themselves. this will prove tough especially delaying the introduction, dave. david: gary, i'm sure apple is crying crocodile tears over samsung. they must be very happy. because their phone was criticized being too much money. this samsung phone is twice what their latest iphone is, it doesn't work too well. >> exactly. kristina was saying price is $2000. are people -- maybe i'm been out of

mark berman spent some hands-on time with the new samsung galaxy fold.about a years ago when samsung launched giant smartphones and people thought it was a gimmick. samsung is hoping that will happen again and it will also turn mainstream. the galaxy fold. this is a foldable phone. user interface is fairly intuitive. it is not as intuitive as i would like when flowing between the smaller screen on the outside of the phone and the bigger screen when you open it, but i have a feeling it will improve in time. when you open it up, it is basically a tablet, almost the size of an ipad many. screenan in the fingerprint scanner. there's a 5g coming. this one goes on sale in april in the u.s.. it comes in several colors including this blue and gold color. there's a silver, a dark gray business users will probably like this thing for the multitasking. you're able to pin three applications next to each other at once. you could be looking at a video while also looking through your calendar and taking notes. the question, will people want to buy these things so soon