activision's overwatch league has kicked off its new season. with growing prize pools and bigger arenas, it's just the latest example of the incredible exosion of e-sports. josh liptonas more. >> it was a date thatideo game fans have marked on their calendars, the start of a new seasonf activision blizzard's overwatch league. teams ofamideo players competing head-to-head for a prize pool that total $5 milliill with this league, activision is capitalizing on thered-hot trend of e-sports where people tch other people play video games. it's become a true global phenomenon, attracting 454 million people this year, a jump of 15%, and revenue will grow nearly e30% to m than $1 billion. mostly from media rights, advertising and sponsorships. >> so we have eight new teams that have joined the league. really exciting to add the expansion of franchises in amazing three new teams inchina,wo teams in canada, which is really exciting, also added a team in paris and then washington, d.c., and atlanta. so really excited to bng more teams and more overwatch le

josh lipton in san francisco so is e-sports enough for activision, tim? insane ultimately you're only as good as your last release the valuations, if you look at atbi, you're somewhere arou around 17, 18 times. the question is really how relevant are they? the stock has grinding lower the last three months. i'm not sure what will break it out of this range. ea we've seen the last couple of days you got news on the new release. >> josh mentioned some of the channels this will be aired on. >> guy mentioned earlier in the show talking about facebook, until advertisers find someplace to go, then facebook is okay well, 455 million viewers with the demographic that you want to me seems like you want to buy disney on this it's going to be playing on disney xd, on espn2. the problems perhaps with espn are behind them. i think this is a much better way to play the e-sports explosion than trying to get the latest thing. >> this past friday i was on "options action. it was a great show. everybody should watch but mike khouw pointed out a bearish trade in activision,

josh lipton has more on activision's results. >> reporter: $6.3 billion, that was one number in activision's report referring to netbookings. that's the measure of both digital and physical gamesales. oppenheimer's andrew ersaitz that's important because that metric captures all revenue the company's generating, and it was down $1 billion year over year. o on tther hand, he notes a potential positive, saying the company is increasing head count in development to aelerate the pace of new content from its leading franchises. but others at activision will be losing their jobs. the company did announce a workrce reduction of 8% from its total workforce of 9,800 employees. for "nightly business report," i'm,osh lipt san francisco. >>>rm under aour powers past estimates. that's whe we begintonight's "market focus." the sports apparel retailer repoaned better-xpected earnings and revenue, thanks to strong sales and growth overseas.ts analay the company was able to cut excess inventory ana ge excitement around new product launches, and that helped send the stock up nearly 7% to $22.21. quarterly pro

emily: the will follow-up on these activision results as they cross.loomberg's matthew kanterman thank you. we will explain how a female started start up is valued at over a billion dollars. who is behind it? @technologyck us out on twitter. this is bloomberg. ♪ emily: a 27-year-old female ceo is now running tech's latest unicorn. she started at fashion platform called the lingo based in singapore in 2014. she raised 220 $6 million from -- 226 billion -- $226 million from investors and the company has a valuation nearing $1 billion. to discuss is rebecca greenfield covering diversity for bloomberg. rebecca, women ran companies are just 2% funding from venture capitalists. just 2% of funding. how rare is a female founded unicorn? rebecca: it is very rare. there are very few companies run by women that debt this high -- get the high valuation. it's hard for someone to raise money in silicon valley and that has to do with there are so many few female vc's. women just have a hard time convincing men their companies will be successful. emily: what does the

activision saying $2.10 on 6.3 billion.there for 2019 for 2.54 dlfr on 7.3 billion i have a chance to catch up briefly with okayty vi ceo bobby kotick on 2018, stressed that the company saw the record rev nugs and earnings and emphasized that the company saw growth in all markets. as for 2019, i asked for outlook there, saying that the company is not projecting growth for the year that while there's going to be a new call of duty, a new candy crush, that the overall slate of content releases relatively light the company said it's gearing up for later releases, pipeline is strong and mentioned they're adding 20% to development head count and again the 2019 overall slate relatively light did ask about the competition, too. obviously global phenomenon of fortnite saying one hand bringing more users, new users to the video game industry on the other hand he did call fortnite a competitive force an i'm sure they'll try in the conference call to say it's all kinds of business models including the free to play model. as for job cu

activision continued to sell off.hat's relative weakness it's a poor long-term strategy to time lows this is one to wait for it to stabilize. >> ari mention ea that's electronic arts. that's up in part because they have a new release that's been widely embraced on the first week out there maybe a fortnite competitor. this is a hit driven market. a hit driven industry. how would you play it? >> we're going the other way of activision it's down half in value. it's trading at 15 times next year's earnings. they have one of the most diversifi diversified business lines relative to competitors. they have console gaming and mobile gaming. they haven't even touched advertising revenue. we think there will be turmoil you have to wait it out but 12 to 18 months we're long this space and long activision because this is just taking over society right now. >> there's no doubt that the end demand is there. the eyeball hours are committed to gaming. we'll see which of these players can maximize on that opportunity. thank you for yo

. >> activision blizzard after the bell layoff concerns there. can they gain traction looking like fortnite might not be a one off? maybe apex is next. >> it is an important earnings print for activision and find out how games like call of duty performed by the 2019 guidance that's been the big question the number one concern or the number one question we get from investors is changing a little bit. it is not about fortnite the game it is more about fortnite the business modeling and where games are increasingly free and with apex legends there's the concern and the short term that it might be harder to convince people to pony up for 60 bucks can everyone can get the high quality experiences for free. >> what is your favorite stock in this area, russ >> honestly i think right now i think ea has a good staple of franchises and pivoting and had struggles with battlefield, the big shooter franchise this past fall and seeing apex, waking up to this. i think they're in much better position than activision needing to pivot way more. >> what's going on

i would be following tencent. >> coming up check out shares of activision blizzard.got crushed today they reported some job cuts. is this game over for the gaming stock down 7 1/2%? we'll debate there's the mad man himself jim cramer with the hasbro ceo all fun and games for that stock up 15% since recent market lows. are there more good times ahead? we will find out on "mad money." live at the nasdaq asmoy"etnsig after this ut of money. it doesn't have to happen to you. you can generate consistent, reliable income and preserve your savings from the comfort of your home. sign up for the ultimate retirement solution, from vectorvest. you'll receive step by step, rules based training that has generated 15 to 20 percent per year, over the last ten years. your satisfaction is guaranteed! visit vectorvest.com/ retire! want more from your entejust say teach me more. into your xfinity voice remote to discover all sorts of tips and tricks in x1. can i find my wifi password? just ask. [ ding ] show me my wifi password. hey now! [ ding ] you can even troubleshoot, learn new vo

sglo >> we have heard from ea and activision there we know what a phenomenon that is. players and how they play the game, the purchases they are making for the weapons, skins or the costumes, characters wear. that's a lot of money. epic games the company behind fortnite estimated they raked in billions they have their answer to fortnite now >> it's not as if that's affecting the big game makers as much as maybe the whole free to play in app purchase model that mobile introduced is leaking over to them is it clear which studios are better than it that was a surprise announcement that surge is greater than what fortnite saw when you look at this, it's also a chance to give out how it wasn't the first free the play game when you talk, they will say fortnite or epic games was the first to combine analysts will say these guys understand gaming. gaming infrastructure. how exactly put out a game that will be well received because it is competitive it's fun it's well designed and it's very social final point there, it's also easy to follow, jon. it becomes its own source of en

zenga reported great numbers tonight. >> activision blrtizzard, is th a take-out target? they think apple should buy that. >> i thought jpmorgan's was a great note it does make a lot of sense. it would be complementary to drive the replacement cycle for the high-end smartphones they have been ahead of the curve as far as 3-d sensing so it makes sense for apple to make a big push in the video game space. i think it's definitely a possibility. >> joel, great to speak with you, thank you so much. >> thanks for having me. >> what do you think, pete >> you know, i don't think the opportunity is in buying these names. i think the opportunity is what feeds into these names so i immediately go to nvidia. revenues are 67% coming from gaming everybody looks at nvidia as everything else but the reality is they're still in gaming. >> i think activision is sort of interesting here it was 81, 82, i don't know, and now it's 43. not that much has happened that to me of the group seems most interesting ea, you don't know what you're getting. >> well, i put it this way first of all, you're

go back to the beginning of 2017 and look where activision took off from not surprisingly around 37.50, the number that mike just gave you and the stock has not traded particularly well. it's not like it's bounced all that much. the stock has gone from basically 80 down to 44 with nary a bounce. i think there is further downside however, if you want to play it from the long side into space, look at what take two has done, bottomed out the same level we saw back in march, on huge volume, the same type of volume we saw in march. if you're looking for a pairs trade and want exposure in the space, long the equity in take two and put on this brilliant options trade that mike and dan just spoke to in activision. >> mike, last word maybe commentary on this pair trade. >> i like that idea that's even more complicated than the things we normally come up with here. but i like that idea here's the thing to dan's point. to the risk reversal idea, you're looking for a catalyst and you're going to get one so that would be the follow-on trade going into earnings which report in late april after this

activision blizzard down more than 7%. biggest one-day loss in more than two years.hat is ahead of its earnings later tuesday. they are very big into video games. call of duty, a very significant game. maybe passed its prime. there is something called fortnite that seems to be putting all the other software gamers in turmoil. there is a lot of anxiety on the part of investors. there are reports they may be laying off or cutting some jobs. let's take a look at what else. a medical device company could be the target for a buyout which was one of the biggest winners. avis getting an upgrade in goldman because the rent-a-car industry has been under pressure. oili: i commodities, falling in the lowest. gold seeing a decline. it was not entirely the strength of dollar at play? su: a lot of factors. we also did have some -- let's look at the bloomberg one more time. there is now starting to be a downtrend for commodities. gold as well as oil, as you can see. if we going to last five days of trading for both gold and oil, you can see it pronounced. with oil, it has to do wit

big players like activision did not have the strongest lineup.be a difficult one as these investments in the new modes of gameplay and the new marquee franchises come around. what are the trends that you will be following? we have talked a lot about gaming addiction. the landscape is changing dramatically when it comes to attention, whether it is on games or social media. what are the hot button topics? one thing will be watching, take-two had this game, western themed shooting game red dead redemption was the top-selling videogame in 2018. they just now started an online version of that. as they had some bugs in that, people said the items they were buying were too expensive. to what extent can they extend the life of these games? a hit game through continued online purchases. that will be a big thing. that is what the future of the industry isbet on, that people will go directly to game makers and buy things online. emily: chris palmeri, thank you so much. meantime, for the second time this year, tesla is cutting the price of the model three se

activision blizzard is planning to cut hundreds of jobs. bloomberg says activision, which makesulhe p games call of duty and war craft, is facing slowing sales and increase the competitlan. the offs expected tuesday when the company reports earnings said to be aimed at lifting profit and centralizing operation's activion shares fell more than 7.5% today to close at $40.11. they hit one-year low during the session. >>> morgan stanley buying on capital. a company that prepares stock plans for start-ups. price tag nearly $1 billion. and the deal gives morgan increased exposure to potentiala gement. shares dropped more than 1.5% today to $40.21. >> drugmaker sanofi and regeneron slashing the price of the drug by 60%. thegi ol price tag of $14,000 a year will be cut down to just over $5800 a year. the outf pocket costs for medicare part-d patients will be between $25 and $150 per month. amgen made aacimilar move in october. sanofi down a fraction 42.43. ample mgem was off a kick at 185.79. >>> a rise in profit in the fourth quarter. the online e

whipsaw action in activision the video game maker saw a big swing after hours.why it's wednesday, february 13th, 2019 "squawk box" begins right now. zbliefrmt live from new york where business never sleeps. this is "squawk box. >> really? we are live from the nasdaq market site in times square. let's take a look at the up by 5.5. the nasdaq up by 25, and, of course, this comes after the gains from yesterday when the dow was up by 372 poins for a gain of 1.5% the s&p was up by 1.3% almost, and, by the way, the s&p actually closing above its 200 day average. 200 moving day average for the first time since the december 3rd of last year you also

when it comes from going to a playstation 3 to playstation 4, it's video games i like activision. >>s also content potentially for a streaming service for apple. >> i've been a little chatty i'll be quick. >> you hate it that's all you have to say >> they're not known for gaming. >> that's true >> the other point, look how far behind they are almost all of their competitors in this. to me i don't like it. >> well, i think it would be if you really jotted out and white board it you have apple tv. my kids play apple tv but nowhere near what they play fortnite or call of duty >> square is 30% off cha ching. >> coming up, lights, cam remark media earnings twitter snap, disney, and electronic arts all on deck this week we'll tell you how to trade them next jim has got the ceo of clorox. after that company reported solid numbers this morning and as stocks soared top of the hour, 6:00 p.m. eastern on ""mad money"" much more "fast money" just two minutes away randma. randma. cognizant ai solutions are helping healthcare companies advance diagnostics and prevent blindness in patients with dia

activision says some of its key games have been disappointing.ushing models china, the electric car company has at least three ships due to arrive by the end of the month before the truce expires. they could ratchet tariffs morep, this will make cars expensive and the key costs of components it uses. manus: thank you very much. numbers.e sense of the kenneth bowles, cfo, smurfit kappa group joins us. i want to get a sense, everyone we are speaking to in real economy side, was there a slowdown in the fourth quarter? what happened in the backend of your business in 2018? morning and thank you for having me. i think it is clear that the bigger economies suffered some slowdown in the second half. we saw a good first half and it continued into october. november was in line with expectations, and december slightly below. as we have come back in january 2019, in the context of europe, we are ahead of expectations and our american businesses good and ended strongly in terms of demand. 2019 has started well. there is softness in december, but more pleasin

plus check out chairs of activision the sock got wrecked this year but did it get extra life? macy's the worst performing stock this year but something about the selloff the chairwoman says investors get wrng. she gives the fine print but start off with the markets stocks rally on the art of the deal we hope sending the dow soaring more than 370 points. the s&p closing above the 200 day moving average since before the big december selloff let's get to eamon javers on the deal talks. >> the president of the united states said two seemingly contradictory things during a cabinet meeting today. on the one hand he said he doesn't like the showdown deal that's coming together up on capitol hill he says this is a democratic deal it's bad for the country on the other hand, he said he doesn't think there is going to be a shutdown of the government at the end of the we can the question is how can we have a shutdown avoidance while not embracing this showdown deal here is what the president said earlier today. >> it's always nice to negotiate a little bit great so whatever you get. i wou

activision is down almost 11% right now.s not on the earnings that's in sympathy for the earnings over in ea, electronic arts i followed some smart money in here they were aggressively buying calls. perhaps that 11% sell off is a bit over >> you better hope it's smart money. >> hope is not a plan. tease are abo these are about a week and a half out 46 calms bought those today i'll probably hold them through next wednesday, next week into expiration but not all the way through expiration >> okay. do you have an update on something too? >> well, capri exploded to the upside these guys are killing it. those calls went up 300% >> wow >> not 3%. >> i got you all right. pete >> we talked about this. it's a tease for the semiconductors nvidia the stock was trading a little bit higher than this right around this level. they were buying the 155 calls i've been hitting on this every si single day extremely short term it's now 10,000. they are buying for 1.30 up to $2 very aggressive buying is there another leg to the stock? somebody s

because in the past year we have seen small revolts from the military against mother of and yesterday activision general and then as well as in the asian you flecked it against what he called a dictatorship we saw leaders other active members follow suit so what could happen if there is an american military intervention depends on how strong those grants are of the military actually is because of what we saw yesterday from some of the military continues this could lead to a domino in french that could out my mood or are. in it in the following names otherwise we could see clashes which is something nobody. and us intervention would be good news for one quite wide zero and his supporters now wouldn't it. well from what also can we have her go about their support for an outside intervention other than the humanitarian aid going to medicines he is asking the u.s. to sentimental sweater why don't i just ask them as one letter to allow this humanitarian aid to enter venezuela and buy it against colombian you're rela that have control of some areas when it's way up there are needed to allow absolutes

job cuts at activision.ainst fortnite. hitting the track, we'll reveal who was named grand marshal of sunday's daytona 500 race, a first for this race. all those stories coming up. our top stories this half hour, no collusion. the senate intel committee said they found no direct evidence of a conspiracy between russia and the trump campaign. the president tweeted about the news earlier this morning. the senate intel committee, there is no evidence of collusion between the trump campaign and russia. joining us right now is fox news senior judicial analyst, judge andrew napolitano. good to see you. >> we were saying during the break something we all agree on. we would like to see the report rather than just a summary of it but the senate intelligence committee, republicans and democrats, will say there's too many secrets, we can't look at it. that points out to me that the leading democrats, the minority leader on the senate intell committee says not so fast. we have witnesses to interview. and at the same tim

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activision blizzard reports earnings after the close today. been coming down over the past couple of days. you had those results from e.a. and take-two last week that disappointed. was surprised investors is the gaming industry has shifted to this new strategy where they titles and sell things within the games. we are seeing that maybe have some cracks in it. the follow-ups to these key titles are not performing as well as expected. hearthstones like are not performing up to investor expectations. destiny 2 is coming up short. david: fortnite is the range. it's hard to be the second one to come in. they are seeing a big pickup and subscribers. -- in subscribers. the industry is shifting to these free to play games and then you buy things within the games. zynga operates on a similar business model. the idea of these marquis franchises protecting your business is not as strong as it once was. arts is out with a but you follow-up, can't have multiple versions of that. david: take-two was the hot property for a long time with grand theft auto. wh

and so ea and aca activision hae tried to get into it.investment that doesn't resonate. cheryl: it's kind of like netflix. it's kind of out there, you're streaming bu out it, but it's a. >> correct. cheryl: thank you for the explanation. we'll see where the stocks go today. watch "mornings with maria," we'll have twitter's results and other earnings out before the bell, so you want to see those numbers and maria can make sense of it. lauren: ahead of that, this is what your money is doing this morning, dow futures are down 84 points, so we are seeing more selling as we push closer to 6:00 a.m. s&p down 10. nasdaq down 30 points. a gas line explosion sending flames shooting three stories high in a san francisco neighborhood. we'll have the latest. cheryl: after nearly 50 years, aerosmith feeling a new kind of sweet emotion. details on the legendary band's latest honor. keep it tuned. ♪ they say the heart of rock and roll is still beating. not♪ and from what i've seen i believe them. ♪ the old one may be barely beating ♪ ♪ 'cos i know what

. >> i'm looking at activision, by the way, cut in half since september. >> they don't have a battleale like -- look at ea. look at the short squeeze in ea. >> reporting there are going to be layoffs also, reuters reporting layoffs at tesla and some of their -- their production interesting we're hearing about slowdowns and layoffs. >> i'm not going to disagree with that. i think nvidia has china issues though and activision blizzard just doesn't have the new games take-two, softness in grand theft auto, but it is ea. >> not seeing a slowdown. >> no, he's not. he has nba2k is there anything hotter than basketball even preseason games are sold out there. >> b of a upgrades ea. with when we come back, facing opposition, is amazon reconsidering that new york hq 2 site details on that. take another look at the premarket here coming off that late day surge on friday in fact, the last hour of trade has been positive for at least the last seven sessions. "squawk on the street" is back in a moment. alpha seems more elusive today. is it because so many go after it the same way, chasing after s

bloomberg saying activision was planning to announce job cuts.china may fall by a double-digit percentages quarter as it awaits the release of a new marquee title. earnings from the mainland some 22% in december. nexon generates a significant portion of profits in china. rishaad: defending his proposed takeover of sprint by t-mobile, against this backdrop of rising doubts on wall street and claims that deal will raise rates. he claims his company does it use huawei and won't do so after the plan is completed. he says it will reduce competition and improve the challenge to at&t and verizon. yvonne: coming up, our reporters going head-to-head and competing for votes. check in on gtv for the battle of the charts next. this is bloomberg. ♪ ♪ yvonne: time now for our battle of the chart segment. reportersr two getting their charts against each other. viewers can access the charts on the bloomberg at gtv . rishaad: who should we start with? yvonne: are you choosing -- judging today? you can choose. the trendrt is about and chinese stocks this

activision down 10%. company shares are at a two-year low, even retailer game stop anies tis in the red, down 2%. >>> you know who is game to talk the markets? get it? get it? the floor show. let's begin with teddy. we are middling around but we have been so much worse. we are climbing up. what does that tell you? >> that tells me it's a pretty boring day. but it also reminds me, you have heard it a million times, never sell a dull market short. it's just one of those days where we just can't seem to get out of our own way. tomorrow, big earnings day. i think we get 180 companies reporting tomorrow. we're smack dab in the middle of the sweet spot of earnings. they have been much better than expected on balance, 75% thereabouts have beaten of the s&p 500 so it's not untypical for an earnings season. just one of those boring days. we have them every once in awhile. liz: you're right. so everybody who said well, we know last season, earnings were really gangbusters, up more than 20%. this one is really going

activision is up higher in the premarket.ecember matdessimate these oth. a warning if you plan to buy your valentine perfume. tracee: bargain hunters beware. fake designer makeup and perfume may contain toxic cyanide, arsenic, urine or rat droppings. this warning was issued after counterfeit items estimate sed to bed tobe worth $51,000 were d in a perfume factory in london. it can leave users with long-term health problems. officials suggest only buying these products from reputable sellers. gerri: even reputable products sometimes have issues with what they're made of. thank you for that. cheryl: she's like sorry for the bad news. we still love you. taking a look at futures this morning, as you can see this on optimism over china/u.s. trade talks and a possible deal to avert another shutdown, investors liking this. the nasdaq is up 24. coming up, the national debt just hit $22 trillion for the first time ever. what does that mean for you? and why should you care? we're going to explain that one. and winter weather is wreakin

bloomberg has learned activision blizzard plans to announce the cuts next week.uld number in the hundreds. in november, activision it knowledge that some key gains were seeing flat or declining numbers of users. no idea what he is doing -- except to run the french bank into the ground. these are harsh words from jeffrey gundlach about the ceo from --. bank stocks falling to a five-year low yesterday. it announced plans to shrink its trading deficit. processing payment company wirecard says it is cooperating with the police fraud investigation in singapore. --y turned over at material to authorities. senior say two executives of wirecard knew about the accounting fraud. the company's denying the accusations. carol: and the fda is taking sellinggainst retailers tobacco products to minors, and that includes walgreens. joining us now is dr. scott. lee, fda commissioner. -- walkis through the us through the findings of the surveys that you did? ott: we do undercover shopping and secret shoppers to see if they sell tobacco products to minors. if you look across large n

we also have activision down 7.5%. take two down nearly 4%. >>> congressional negotiators heading back to capitol hill at this hour to try and revive talks over border security. the u.s. seemingly hurtling towards another costly government shutdown after a tense budget deal that included border security funds turned sour this weekend or simply turned off. blake burman is at the white house with the very latest. this just keeps going. i guess they kind of got to a certain point but not the finish line this weekend? reporter: we have been at this for, what, 50 days or so now. here we are again, trying to figure out how the stalemate will break here in washington, d.c. later this hour, president trump is going to leave the white house to head to the border town of el paso, texas. he will give a campaign style rally there later this evening to continue to push for border wall funding while up on capitol hill this hour, a handful of the major key players, democrats, republicans, going to sit down in a room, try to figure ou

activision says sales of key games has been disappointing.esla is rushing models to china, they have at least three shifts to arrive before the trade truce expires. the tensions could ratchet up and it will make cars more expensive in china and boost cost of key components. aboutin talks with amazon the startup, the deal could value the company at between $1 billion and $2 billion, it could be a blockbuster for trucks and suvs as it moves to gain an edge over bigger rivals. that is your bloomberg business flash. debrathank you very much mao in hong kong. we are minutes away from the open of stock trading across europe and the u.k. we will look at the stocks you want to watch at the open, including heineken as the dutch beer maker sees the fastest sales growth of its namesake brand in a decade. this is bloomberg. ♪ matt: welcome back to "bloomberg markets: european open." seven minutes to go until equity trading. and burger and paul jarvis annmarie hordern is focusing on heineken. what is the story with abm? dani: the big news out of the earni

in november, activision said some key games were flat.gainst starbucks. its former chairman is considering a run for the white house. short-sellers borrowing 2.5 million shares over the past week after howard schultz made his announcement. it is the most shorted stock in the restaurant group. that is the business flash. tom: thank you. appreciate it. after bezos and the national enquirer, let's get back on theme and it is good to do that with marty schenker and the perfect guests, david balin writing often on asia as well. their ine cacophony on the news, the economic slowdown everywhere. , is the back to the tension out there right now, is it about a broken multilateral trade system? being the trade system is reset and it is no longer going to be multilateral for the u.s. that is a substantive distinction. what we have to do is we have the wrong expectations for what we should be looking for on march 1. ist we should be looking for are there continuing dialogues between the china and the u.s. that would be the best possible outcome. is,

activision, which reports next week, has been leading the way, down39 so what is troubling the industry right now? randolph ramsey is editor in chief of gamespot and he joins you know, this is an industry in transition right now. i know fortnite has been at the front of th. 's a free game played on multiple platforms and it updates itself all the time.th k the legacy video game makers are scrambling to try to play that game rightt now, are they? >> yeah, that's true. it's no secret that fortnite has been the biggest thing to come out of games in a few years now. that game isng in a couple of hundred million players every single month, making millions of dollars every day. so there's a lot of conversation within the industry right now as to what exactly the impac of fortnite has on everything else. and i think certain ea pointed to fortnite as one of the things that actually contributed towards its lower forecast. but with ea in specific, i think some of those problems were also to do with some of the quality of gam that they had. i mean their big marquee title, i think, actually had les

. >>> activision blizzard, laying off 800 employees. 8% the workforce.e struggling with changes how people buy and play video games. they're feeling heat from "fortnite," the blockbuster. activision up 7%. >>> we have an extraordinary story for you and a good one. it is about the right to try legislation. a former navy pilot diagnosed with als, he got a chance to try a new experimental treatment. now he has got a much better quality of life. we'll bring you his story later this hour. >>> meanwhile senator ted cruz, he has a plan to pay for building the wall. use the money we seize from drug kingpins like "el chapo," to secure the border. interesting idea. >>> here we go again. "fox & friends" pete hegseth made big headlines when he told the world he hasn't washed his hands in a decade. was he joking? i will ask him point-blank, actually from a distance. ♪ can we talk? you hardly ever play catch with the grandkids or show them how to give a good handshake anymore. now look at me... i'm all bent out of shape. (vo tv) if you have bent fingers and can't lay

the battle facing the global gaming industry, as shares ricochet in activision blizzard.chilli images. this is a freezing cloud rolling over hills injiangxi province in eastern china. the moisture in the air creates a thick coating of ice on almost everything it touches. and it's a similar story in the south—west of china too, where this landscape in sichuan province has become, in the words of one tourist, like a fairlyand in a world of snow and ice. and beautiful it is all so. that's all for now. stay with bbc world news. on tuesday the temperature reached 14 on tuesday the temperature reached 1a degrees in northern ireland. the rest of this week is going to stay very mild. high—pressure essentially in charge so not much rain. the high is centre towards the south—east of the uk. it is coming from a long way south which is why it is so mild. winds tending to push away most of the rain but we do have more cloud around so it is not as cold. the cloud continues to be thick enough to bring rain and drizzle across scotla nd to bring rain and drizzle across scotland pushing it

the battle facing the global gaming industry, as shares ricochet in activision blizzard. pictures. how about this for a wedding crasher, of the four—legged variety? this stray dog got so excited by this wedding parade in oaxaca city in mexico that itjoined in, spinning and jumping around. it was particularly keen on the woman carrying the basket of flowers on her head, who didn't seem to mind his presence at all. that is a new dance move that the dog has created. the spinning dog move. the spinning dog move. don't, forget about downward dog year ago, we expect to see the spinning dog move in the next edition of newsday. hello there. on tuesday the temperature reached 1a degrees in northern ireland, actually at giant's causeway. and over the next few days, the rest of this week it is going to stay very mild everywhere. with high—pressure essentially in charge, there will not be much rain around at all. the high is centred towards the south—east of the uk. so this is where our air is coming from around the high, from a long way south, which is why it is so mild. those winds

but i was delighted with how we were able to turn that around so it's all how the austrians activision had quite an act to follow nico having steered frankfurt to domestic cup glory as a parting gift midfield star kevin prince poet saying also moved on as the keeper lucas radebe ski pitches man suffered a five nil super cup thumping by fire to start his fella the first turtleneck of defense and won just one of their opening five league games the pressure was already mounting but the coach held steady. to call after. season he always said he want to keep his style of play and if we believe it then we will be successful with this. he gave us a good feeling the former midfield strategist level headed approach paid off the players got to grips with his system and all of a sudden frankfurt was on a roll. looking to fill go to just basic philosophy is ingenious the simple quick service to the three front man one comes towards the ball as the other two go deep from out wide into the middle to devastating effect. this is my thanksgiving is fair enough sometimes you're going on instinct and you

a video game how weird you said today they're like oh a video game cool cool it for the second activision asked paul mccartney if he wanted to collaborate on its game destiny and he said yes exactly and simone zimmer has written entire soundtracks or parts of the music for numerous video games including very successful tracks i'd like crisis to steam the hans zimmer track that they used is that task tick but it's just like is the rest of the is the rest of the soundtrack memorable from that standpoint and i think really there's a lot of main themes of games now that they seem to put everything into the main theme and then the rest of the soundtrack can be a bit mess the inclusion of composers like handsome are they have been done to try and promote video game music make it more recognised because you know a lot of the composers outside of say they're much too they aren't very well known within the wider community and they're not very familiar with say user. jeremy's so jake ryan tyler christopher to just the kids like there are a lot of different radio game composers who have been very su

shares in activision blizzard took a hit.ead of its fourth—quarter results with reports that the company, which makes call of duty, plans to cutjobs. the success of fortnite, which is made by epic games, has been challenging for video game publishers. we were trying to work out what you meant by 40 eight tenths of a pence. just under half a penny. sorry, i am tired. it is a good job we don't need to know numbers! joining us is richard hunter, head of markets at interactive investor. looking at what markets did yesterday. 0verall looking at what markets did yesterday. overall the weakest year for six years if you look at growth over the whole year. compare that with europe and it is not much better. that's right. in particular concern is germany which has long been seen as the powerhouse of the european economy and they are having some struggles, let alone it is becoming increasingly clear that a bad outcome from brexit would impact them badly as well. markets are ignoring the bad news for now. markets around the world, seeing

we mentioned those gaming atnings, job cuts activision. about this potential deal as well. according to reports in seoul, korea, tencent and netmarble and jointly bid for a stake in nexon. tencent and nexon falling this morning. we are counting down to the open of the session in india. let's bring our reporter in from mumbai. we had that surprise rate cut from the rbi. what else are you watching for today? was anticipated. the markets reacted when the governor came out and cut rates by 25 basis points. the initial reaction was positive. towards the end of the trading session, the bears came back into play and you got a lot of selling. the bank has dragged on the index. the broader markets actually started to contribute to the key benchmark index in the had been outperforming as of late. 11,000 is still a crucial mark for the nifty. it's going to be interesting to see how the big numbers play out. you have three or four big index numbers reporting today. tata is one key component of the index, and it will be crucial to see how it trades aft

bloomberg reported last week that activision plant to announce job cuts.e most in the month after warning that they may fall by double-digit percentage this quarter as a it awaits the release of a marquee title. nexon foresees a roughly similar slump now. it generates half of its sales in china where tencent distributed popular pc game. rishaad: t-mobile chair as offended its takeover of sprint, and claims that the deal will raise. the company does not huawei equipment and will do so after the deal is completed. opponents said the $26 billion plan will reduce competition, while t-mobile and sprint says it will improve the challenge to market leaders. yvonne: we are counting down to the open up markets in hong kong as well as mainland china. futures looking positive now. take a look at the hang seng, pretty much flat. the china 50 futures up a fifth of 1%. offshore seeing a little bit of strength given the dollar weakness we saw overnight. stocks, 14 on the way down. the biggest gain of 2.3%. the biggest loser aia group, down 1%. the open is next. rishaad:

yvonne: activision blizzard fell in the low as in two years.after benchmark cut its price ofget on the expectation your product successes. and uncertainty around the competition -- from the contributions. revenue is projected to fall 2%. and activision is planning layoffs that could be in the hundreds. rishaad: looking at singapore, raising more than 212 5 million u.s. dollars. investors include the principal and singapore state fund. the startups that -- said to be worth $1 billion. between 10% and 20%. the principal and singapore statewe are coming day in hong kong. as well as in mainland china. let's look at how things are shaping up at the open. hang seng down by 2/10 of 1% premarket. looking at eight shares. pretty much flat. we have the cnh offshore yuan, 6.8. a look at the stocks we are watching. we're looking at xiaomi, on the way -- on their way up. tencent investing and read it. reddit. the open is nearly upon us and will be next. ♪ next. ♪ >> we have seen japan coming back from the holiday, up more than 1% in tokyo. reflecting the do

the prime minister has lost activision --ial activism. they discover that britain could revoke its withdrawal. all of this is more chaotic than it used to be in britain and i don't the british people like it. i don't think they are getting that they voted for. vonnie: we will dive into britain in a moment. if they are saying the economic experiment has been working, is that by accident? does president trump need to continue the fiscal stimulus or will the political system take a sharp turn? we are looking at a slate of candidates for the 2020 election area of views. trump on: you have the one side and on the democratic side, we have moved significantly to the left. policy you canx get after the 2020 election, if you are a business, and uncertainty must be a dampening affect on what you do. on trump, there are problems with his fiscal strategy being unsustainable and heightened inequality, but on the notion could push the economy, that is the surprise. are unsurprising things working out badly and worrying. morning, what spooked the fed? s