ben emons head of fixed income at new edge wealth. >>> investors have possibly become too complacent. for more on that check out our premium service, cnbc pro. coming up on street signs, the gloves are off between the battle of mark zuckerberg and elon musk. we will tell you more after this break. >>> welcome back to street signs. profit of the world's largest chip maker, samsung, will plunge. operating profit will slide to a 14 year low. the south koreans firms chip division will report losses. >> reporter: samsung electronics will release its second quarter earnings guidance on friday. future numbers are expect it to show deep pain in the industry. samsung's profit shows a decline of 96% on the year. that is the lowest for samsung for any quarter and over 14 years. it has to do with the fall in chip prices given typifying clients are still working through their inventory. with the full earnings rep for we will no more. profit guidance will kickoff the conversation at the tech hardware sector. reports have suggested that samsung is channeling its focus on the high-bandwidth service a

. >> ben emons, thank you for coming in the studio thanks >>> time for the check on the top corporate stories withes he - with silvana henao silvana. >> good morning, frank looking to chatgpt, the google founder is getting back to work. he has been visiting alphabet's hq in recent months and up to four times a week to work with researchers to develop the upcoming a.i. offering according to the report, brin is convening weekly discussions on a.i. with employees has taken a lead role in new hires for the project. >>> bankrupt crypto currency ftx is suing sam bankman-fried and two others this is in an effort to clawback $1 billion ftx claims misappropriated in the months leading up to the collapse last year this is taking aim at a string of share wawards and real estate that the company says should be reversed under bankruptcy law. >>> and mets owner and investor steve cohen is looking to extend past flushing hmeadows. his asset management firm says he has taken a 5.8% stake in chewy. this coming after the company posted a surprise profit last quarter and forecast full year sales of $11.