england and wales so the for ashley giles...in the world cup? i believe we can win the world cup, and the ashes but it's a very different thing. should... this year creates the best opportunity for a long time. how we are playing cricket, we found ourselves in the past running into world cups with suddenly that of a meltdown going on and change, and that's not the case this time around. you talk about my role again, as much as anything, the train is moving quickly across the tracks for the world cup and i need to make sure that down the line, it is clear, there is no in —— interference that is going to derail us. one of the key jobs giles has is to get a new england coach in september, october and told me he was open to the idea of the role being split between test matches and white ball cricket, even though when england tried that before and ashley giles had been the white ball coach, it ended in giles losing hisjob. stephane peterha nsel won stage 3 of the dakar rally in the peruvian desert on wednesday ahead of qatar's nasser

had been the white ball coach, it had ended in giles losing hisjob.ews today. former hull kr centre thomas minns has been banned from rugby league for 16 months after testing positive for cocaine. he's currently without a club. he'd admitted taking the drug shortly after his mother died. west ham have received a bid of 35 million pounds from an unnamed chinese club for striker marko arnautovic. it is understood west ham have no desire to sell arnautovic, who is under contract with the club until 2022. if you're having a bad day, spare a thought for this guy. this comes from a match between trindade and flamengo in the brazilian under—20 copa sao paulo. trindade's bernardo is on the floor with an injury. a medical cart is called on to help him, but manages to run over his foot by mistake. double the pain, or treble, if you include the embarrassment of going viral on the internet. that is not good, that's not what you need when he is down injured. that's all from sportsday. coming up in a moment, the papers. hello, and welcome to our look ahead to what

had been the white ball coach, it had ended in giles losing hisjob.urther her cricket career. was it a risk worth taking? well she was called up by england shortly after taking up a contract with loughborough lightning and she hopes to play in the ashes this summer. tyrone smith went to meet her.... ki rsty kirsty gordon, back at huntly cricket club, if she represented. now, she is one of the ladies game ‘stop prospect. now, she is one of the ladies game 's top prospect. when i think about it, it does seem quite surreal still, only a few months ago i might have been watching england play on the sleeve v. it is really surreal. prior to making her debut at the event, she reported in scotland but she was forced to is swap the thistles for the lion to pursue her professional ambition. my professional ambition. my professional career is short and i had to make that decision for my career to try and become a professional athlete. but hopefully, in the future scotland are making brilliant moves forward and they can keep making these moves, it would be long u

as late as 1964, beau and lake giles were still toiling liken dentured servants.n fact, their children say they were, by far, the poorest family around. >> we had to pick cotton all day long. >> oh, yeah. you had to pick cotton during the school year. >> we could only go to school when it was raining. >> there was very littled. vegeutf thituation. >> reporter:ve prayers went unanswered, the giles children knew there was a better life out there, because it was so tantalizingly close. the shack they lived in used to be right there. but in their view, just passed this pond here, there was another house. you can see it right back there. it's really just a modest home, but to those sharecroppers kids, picking cotton in these fields, that place seemed like the taj mahal. >> me looking across the street at it, it looked like a mansion. >> they got a bathroom and stuff. >> felt like they were rich compared to our broken down home. >> you had flowers. all of that was a sense of freedom. >> reporter: and all of that is why it felt like liberation when half a century later,

as late as 1964 bow and lake giles were still toiling like indentured servient.heir children say they were by nar poorest family around. >> we had to pick cotton all day long. >> oh, yeah, you had to pick cotton during the school year.% iwaing. p d god, please get us out of this situation. >> reporter: buts even as the praye prayer went unanswered, they knew there was a better life out there because it was so tantalizingly close. in their view just past this pond was another house. you can see it right back there. just a modest home but to those share croppers kids picking cotton in these fields, that place seemed like the taj mahal. >> it looked like mansion. >> they got bathroom and stuff. >> felt like they were rich compared to our broken down home. >> they had flowers. >> reporter: and that is why it felt like liberation when half a century later the giles family moved across the street into the taj mahal. some of the siblings pooled their money to buy the property which they're renovating for family reunions. eventually the plan is to put the house in a trus

emily: oracle ceo mark hurd with our own tom giles. coming up, apple's plan to cut back on hiring. misjudging chinese demand is rocking the iphone maker. and bloomberg tech is a live streaming on twitter. check us out on technology. this is bloomberg. ♪ emily: welcome back to "best of bloomberg technology." i am emily chang. bloomberg has learned that apple is planning to cut back on hiring. tim cook told employees about the plan today after he wrote a letter to investors informing them of a cutback in the forecast for the first quarter. >> it is a very big problem for apple. they reduced to the revenue estimates by up to $9 billion for the holiday quarter, and they said china has 100% of the impact of the iphone sales slowdown. the big question, is it something else? i am leaning it is something else, i do not think there is a boycott in place. i do not think people are buying phone makers from china, i think they are buying chinese smartphones because they are getting more bang for their buck. >> how much do we know is a direct result of the trade attentions when we are talking a

kyle gile sho why he's one of the best shoot in other words the country. he hits five threes in this one, finishing with 21 points. virginia by 19 at the break. second half wh the game out of reach, gile hits down low for the easy two. virginia remains undefeat, 65 oil 52 your final. >>> hockey news, alex ovechkin might not be going to the all-star game but his coach is. todd reirden was named as coach. congrats to him. nice way to finh the weekend. >> fantastic. >> fantastic. thank you so very much. z339ez z16fz >> fantastic. thank you so very much. y339ey y16fy [ nbc theme plays ] >> jeff? jeff? are you in here? [ cheers and applause ] >> whoo, boyyou got me. i was just hiding out and hoping to give the new attorney general a real scare. [ laughter ] >> okay, well, this is jeff.ew whitaker's office now, >> yeah, i know. i don't understand how mr. trump could replace with matt whitaker. he's just a shady businessman with no expeence who's blindly loyal to donald trump. okay, hearing it out loud, that makes sense. j f, i'm sorry it has to end this way but

and the travel show accompanies tony giles, a blind and deaf explorer visiting israel, as he travels

that's nice last [inaudible] giles [inaudible] free from. so i like. to a date the u. s. u. expiry. date also. it comes in mike mike k.. do you do you. relations with was that i need and when one twenty three years and you. still she is [inaudible] yeah [inaudible] research. this list right right so so hard. we'd hit him. dot always call you anyway i'm i'm they they don't. say. anything [inaudible] really [inaudible] alright [inaudible] yes. today they will. issued several several ventured into. listening to you. so so all the momentum in the right way [inaudible] about. but this i sent in one long. is it. the receiver soliciting ole ole how does not not all. which which also also. re read easily protection eight eighty four door discrete screwed on tight to get together just just mystery street was. the street straight on child old instead start. three three four women women human rights -- family had adopted out by now. now the cz design sense so she bebecame became the pres presidenent and looks like. sixty that settled in changing [inaudible] right sourcing. green green unificat

hurd withcle ceo mark our own tom giles. coming up, apple's plans to cut down on hiring.ow misjudging chinese demand is rocking the iphone maker. "bloomberg tech" is livestream on twitter. check us out and follow us at onk on twitter -- at tictoc 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 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. emily: welcome back to "best of bloomberg technology." i am emily chang. bloomberg has learned that apple is planning to cut back on hiring. tim cook told employees about the plan today after he wrote a letter to investors informing them of a cutback in the forecast for the first quarter. >> it is a very big problem for apple. they reduced to the revenue

i want to bring it our executive editor tom giles.latest in terms of the impact of trade talks in washington? tom: timing is everything. these charges have come down just as trade negotiations enough. there are two schools of thought. one of them is this gives u.s. leverage. it shows we are serious and gives us a negotiating chip against china. there is another school of thought, and we spoke on bloomberg tv yesterday to a former u.s. trade official who said this undermines the u.s. case. this has the potential to show china we are not serious about either side, either the trade issue or the case against huawei because why would we use one as a bargaining chip against the other? in some ways, it kind of undermines our case to show we are willing to make concessions on this side of things in order to get what we want here. well, how serious were you about this side of things in the first place if you are going to use it as a negotiating chip? it is a different school of thought. it could go either way as far as u.s.-china is concerned.

with us is sarah mcgregor and tom giles in san francisco.s start with, obviously, serious charges. some discussion about how hard they will be to make stick. what are your early impressions on how serious this will be for huawei? kind of parallel processes going on with the justice department filing these charges against huawei and the trade talks taking place resuming here in washington next week, and in terms of timing, it could not be worse. first, the arrest of the cfo of huawei december 1, when donald trump and xi jinping made their trade deal. now the week of talks resuming, the highest since their meeting. these criminal charges are coming down. huawei has denied them, the chinese foreign ministry denied them, and evidently sets a wrinkle for the talks. shery: in these indictments from the u.s., they don't mention five g networks or china buying on the u.s. do we know how big of a threat this company could be not only to the u.s. but also other countries? >> so much of this right now seems to ride on the specific things we have talked

my name is tony giles. i'm from england. i'm totally blind and severely deaf in both ears.ravelling around the world trying to visit every country. we're in the old city! israel is country 124. i see a place with my senses — i see a place by the sounds, by the smells, by the textures. the hustle and bustle of people shouting, buy this, buy this, come and look at this! i feel the atmosphere, the energy, the buzz. i was born with my eye condition, so i don't have any vision apart from sunlight sensitivity. and i've gradually gone deaf as i've got older and i am now 80% or severely deaf in both ears but i use digital hearing aids. i travel alone, because it's the biggest challenge i can get. and the travelling by myself... excuse me! ..i get to interact with more people. if i travel with someone, particularly someone sighted, they would be doing all the work, they'd be doing all the guiding, and i would not get to touch and find as many things as i do by myself. today i'm going to catch a bus into the old city to go to the western wall. western wall? western wall, yeah. ok, le

giles for that fascinating and incredibly rich discussion of things i knew very little about.t it's also not my area of the world. so we now have plenty of time for question and answer. and so i would now invite the audience to pepper dr. giles ith questions, expand upon our understanding. >> how do you explain the fact at with his anti-klanned position, he won most of the -- so states or southern he's the first democrat who didn't carry, not tennessee. -- harding had carried tennessee. but north carolina, virginia, florida. it's the first time that didn't carry texas. the only reason he carried arkansas was joe robinson. it. rley did there are counties that -- i mean, in the deep south they vote democratic. actually it's not my next project, but one of the sequels is this campaign in the south because i've already written it. and what happens is there are -- there are a different set of complex factors in the south. it's who is the greater part for supremacy. the republicans are still the pear of reconstruction. and so democratic politicals in the deep south can campaign on,

days starting on december nineteenth remain unexplained over the weekend the police chief of sussex giles' york apologized to a husband and wife who were held by his force for thirty six hours before being released and cleared of suspicion and they got what case then another indication of the current level of confusion chief york denied the drones flown by police had caused a security scare and said.

days starting on december nineteenth remain unexplained over the weekend the police chief of sussex giles' york apologized to a husband and wife who were held by his force for thirty six hours before being released and cleared a suspicion and they got what case in another indication of the current level of confusion chief york denied the drones flown by police had caught. as the security scare and said the police do believe that on authorized non-police drones were seen at work after a lower ranking officer suggested the drone report the drone sighting reports were entirely mistaken the truth is out there. you've most likely heard of or have possibly even used one of the many payday lender services available for people who need to borrow a few bucks the problem is these micro loans are known to take people further down the rabbit hole than when they started and where it is these predatory services will probably get just.

down the court by missing this late free throw but it went in minnesota couldn't come back though giles one hundred six hundred two mitchell with twenty four points and a career high eleven assessed. men's handball have a new world champion after france's four year reign at the top came to an end the french were dumped out of this year's semifinals by denmark thirty eight thirty on friday the danes are limpid gold medalists after beating france at rio twenty sixteen but have never won a world championship title. that goes for norway as well denmark will play the nordic neighbors for the trophy after the norwegians beat germany twenty nine twenty five in the other semi norway hoping to do better than their silver in twenty seventy tiger woods is still scratching around for some early season form after a disappointing second round his first torments of the year the american for eleven shots behind leader justin rose at torrey pines the place where tiger got his first taste of golf as a young boy woods hoping this year will see him win his first major since two thousand and eight after his

and the travel show accompanies tony giles, a blind and deaf explorer visiting israel, as he travelsund the world. good evening. theresa may and her ministers are making last—minute appeals for mps to support the eu deal that'll be put to the vote in the house of commons on tuesday. the prime minister warned today that the trust of voters in the democratic process is at stake if brexit is not delivered, whilejeremy corbyn says labour will table a vote of no confidence in the government "soon" after any defeat. our chief political correspondent, vicki young, reports. she bought herself more time by delaying this crucial brexit vote but theresa may has just two days to persuade mps to back her deal. so far there is little sign of growing support, but the prime minister continues to make her case. writing in the sunday express, she warned mps that if parliament stopped brexit it would be... the government is hoping for more reassurances from the eu on the terms of the uk's departure. the brexit secretary admitted the government faces a challenge to get its deal through. we're working ha

and coming up on the travel show at 10:30 — tony giles explores israel.son sentences of less than six months could be abolished under plans being considered by the ministry ofjustice. it's argued that community penalties are better than shortjail sentences at cutting re—offending rates. in england and wales, it's thought the move would mean about 30,000 offenders avoiding jail every year, including burglars and shoplifters. this report from ben ando. at any one time, around 3,500 people are behind bars in england and wales, serving sentences of six months or less for crimes like burglary or shoplifting. but almost two thirds of those released will re—offend within a year. the prisons minister rory stewart has described these short sentences in a newspaper interview as long enough to damage you and not long enough to heal you, adding that those jailed even for a few weeks can lose their home, theirjob and their family and be set on a course to more crime. the ministry ofjustice says that prison is meant to protect the public from dangerous people, reduce c

i want to bring in tom giles. the let's dig deeper into xiaomi numbers.ismal is the slow down for xiaomi given that it is a chinese set maker for the biggest smartphone market in the world? tom: they should have it laid out there for them. right now, smartphone buying in china is slowed down. of this whence apple issued the warning. they talked about less demand. we saw with samsung earlier this week. on track for the second year of declines. this is the market that has been booming for a decade. we see the slow down one after another. all falling victim. in particular -- actually, all three of them, when you look at who is winning in all of this is a name that has been in the news recently. that is huawei. whether it is pricing or the ability to connect with the awei has been doing a better job than any of these folks. it is competition and the separation of winners and losers. the more you hear about it, the more you hear huawei's name. emily: they are gaining share and it is fascinating. you wonder if the trade issue will have a greater impact despite

days starting on december nineteenth remain unexplained over the weekend the police chief of sussex giles' york apologized to a husband and wife who were held by his force for thirty six hours before being released and cleared of suspicion and they got what case in another indication of the current level of confusion chief york denied the drones flown by police had caused a security scare and said the police do believe that on authorized non-police drones were seen at work after a lower ranking officer suggested the drone reported the drone sighting reports were entirely mistaken the truth is out there. you've most likely heard of or have possibly even used one of the many payday lender services available for people who need to borrow a few bucks the problem is these micro loans are known to take people further down the rabbit hole than when they started and where it is these predatory services will probably get just just get worse in the united states at least in twenty nineteen with the help of the trumpet ministration we're joined by archie's alex mcgill of it in toronto to take you ta

ceo mark hurd there with "bloomberg tech" executive editor tom giles.loomberg. ♪ emily: every in the said it earned a profit for the second straight year as it prepares for an ipo, joining several other companies expected to make their public debut this year including uber and lyft. they also expect to hit more than 500 million guest arrivals at the end of the first quarter this year. bypassings goal of city traffic by tunneling underneath it is in need of manpower. the boring company looking to ill nearly a dozen jobs from tunnel engineering to software development. boring currently employs about 80 people and is in negotiations with the city of chicago for a subway-like system. last month, it opened a test tunnel in l.a. spacex announced it is cutting 10% of its staff or nearly 600 jobs. spacex said it expects a slowdown in launches this year. that does it for this edition of "bloomberg technology." we are live streaming on twitter. i'm emily chang coming to you from l.a. today. this is bloomberg. ♪ >> hello and welcome to "daybreak: asia." next two h

the ecb's new director of cricket ashley giles, who has taken over from andrew strauss, believes englandup. this year creates probably the best opportunity for a long time. how we are playing our cricket, i think we have found ourselves in the past running in two world cups with suddenly a bit of a meltdown going on and change. that is not the case this time around and if you talk about my role again, as much as anything, that train is moving quickly along the tracks for the world cup and i need to make sure that down the line it is clear and there is no interference to derail us. i'll have more for you in the next hour. and reds take you back to the house of commons where mps are starting the debate on to reason made's brexit deal but there has this lunchtime being a furious row about parliamentary procedure and about the tabling of amendments. i think we may be able to go to our assistant political editor norman smith. norman. extraordinary scenes in the chamber with a whole succession of predominantly conservative mps getting up and directly challenging the speaker, ferociously challe

to discuss i want to bring in tom giles. tom, let's dig deeper into the xiaomi numbers.oneis the slowdown for xiaomi given that it is a chinese set maker for the biggest smartphone market in the world? tom: they should have it laid out there for them. right now, smartphone buying in china is slowed down. we saw evidence of this last week when apple issued the warning. they talked about less demand. we saw it again with samsung earlier this week. again, the smartphone market on track for the year of declines. second this is the market that has been booming for a decade. we see the slow down one after samsung, apple, xiaomi. xiaomi in particular -- actually, all three of them, when you look at who is winning in all of this, the name you see coming up time and again is one that has been in the news recently, and that is huawei. for some reason, whether it is pricing or the ability to connect with the consumer, huawei has been doing a better job than any of these folks. it is a combination of separation of winners and losers. the more you hear about it, the more you hear hua

oracle's ceo with tom giles. 2019, but future launches will have to take place with future staff for spacex. that's next. this is bloomberg. ♪ ♪ emily: airbnb said it turned a profit for the second straight year as it prepares for an ipo. company joins several other companies expected to make a public debut this year. haveb also said expects to 500 million guest arrivals by the end of the first quarter this year. its last valuation coming in around $31 billion. elon musk's goal of bypassing a city's traffic by tunneling beneath it is in need of some manpower. looking tocompany is fill nearly a dozen jobs from engineering to software development. they currently employ about 80 people and are in negotiations with the city of chicago for a subway like system. plus month, they opened a test tunnel in l.a. meanwhile, spacex has announced ,t is cutting 10% of its staff or nearly 600 jobs. spacex says they expect slowdowns and launches this year. that does it for this edition of "bloomberg technology." technologyeck us

jason: that was something in the immediate aftermath, we were scrambling and talking to tom giles inncisco, john butler in new york and our team, and they made that point. this is a very competitive landscape in china for apple. they do not dominate the way people assume they do. jeff: apple has coasted in china on its ability to be seen as a status symbol. xi jinping has in forest in broader strokes a desire to push for an tech companies out of the market in the next few years. apple suffered from that. jason: one thing to touch on is the ecosystem that apple affects when it makes an announcement like this, because we saw a lot of related stocks go down in that immediate aftermath. jeff: apple is the mcdonald's in this industry in that one supply chain can change global markets in a major way. when markets were good, apple used that market power to extract favorable rates from their suppliers. now they are running such low margins that one big problem for apple can mean problems for the rest of them. carol: we have been hearing from apple suppliers in november and december about som

. >> kelly was haired liner on immigration and thought this is gile crane who heads the union was you know, too far out there to be honored with an oval office visit. that's what precipitated the near fistfight. so the fact that kelly's gone and this guy's front and center i think you're exactly right, don. it tells you a lot. >> as we say in the business, allegedly, right? listen, just a day before the new congress was sworn in, a right wing twitter account posted video of congresswoman alexandra oh cas cortes posted a video. it appears to have backfired on person who posted. it's not clear what he's guilty of doing besides being young and having fun here. >> go figure. >> the thing is, like her college years and days were much more recent than mine. >> i never danced in college, did you guys? or to a video? come on. >> here's the thing. i have a lot of policy concerns about her but her having fun and dancing and having a good time, i don't see any problem with it. whoever thought they would post that and do some damage to her clearly is sadly mistaken. it looked like somebody having

paula giles for that's what al-jazeera does we ask the questions so that we can get closer to the truth. where there is water there is life but finding it on australia's arid deserts is a skill few still possess and they took us to a small wet spot in the in the desert and this was this a very important place that i've been telling us about for the last five days through training. and under orders against all odds an aging population is possibly on its knowledge the rainmakers of the outback on a jersey. and monday put it well on the. u.s. and british companies have announced the biggest discovery of natural gas in west africa but what to do with these untapped natural resources is already a source of heated debate nothing much has changed they still spend most of their days looking forward to for the drivers of bands like this one five years on the syrians still feel battered or even those who managed to escape their country haven't truly been able to escape the war. alone hasn't taken any dog the headlines on ages in a protest back on the streets in sudan as anger grows over the gover

let's talk about this a bit more with geneticist dr giles yeo and comedian jessica fostekew, who've boths of a pig that would otherwise have been thrown away by the butcher. —— i met a a chef. that was incredible, so it was the one insta nce was incredible, so it was the one instance this year. that was quite a big leap! it would have to be very extreme circumstances now for me to eat meat. what extreme circumstances? well, like that. like an opportunity. are less moral example would be if i travelled somewhere in the world where i had never been before and would never go again under speciality involved as pa rt again under speciality involved as part of their culture was eating a specific thing, i would eat meat then. my journey was i did it for a month for a television programme to see if you could do it healthily, andl see if you could do it healthily, and i was a little afraid of it initially, but once i learned how to find the food and found that i didn't try to replace meat with something else, i cooked food that wasn't designed to have meat in it, i found it was ok. john was doing

the ecb's new director of cricket ashley giles , who has taken over from andrew strauss, believes englandricket. i think we have found ourselves in the past running into world cups with suddenly a bit of a meltdown going on and change. that is not the case this time round. if you talk about my role again, as much as anything, that train is moving quickly along the tracks for the world cup and i need to make sure that down the line it's clear and there is no interference which will derail us. that is all the sports for now. welcome back to westminster —— where the government has embarked on a new attempt —— to convince mps to back theresa may's brexit deal. there are 5 days of debate starting today, but earlier this afternoon the government was defeated, in controversial circumstances, on an amendment which gives the prime ministerjust 3 days to return to parliament with new plans, if her current ones are defeated next tuesday. i'll be talking to anand menon from the uk in a changing europe, and jill rutter from the institute for government to assess where we are with the brexit process ,

my name's tony giles. i'm from england.o palestine. i'm now at the checkpoint betweenjerusalem and bethlehem. i've got to walk across the checkpoint and go past the dividing wall. railings... getting through the checkpoint is a little bit complicated. slightly more complicated than i thought, slightly more confusing. and then we'd just have to sort of try and follow other people, and people sort of pushing me from one way to the other. have to get past this... looks like we're on the palestinian side, the palestinian territories. it's quite exhilarating. shouting as you come out of the tunnel into the sort of taxi area, and where the wall is, you can hear all the people talking and smell different food and coffee and stuff. that's quite lively, that's quite interesting. can you show me to a taxi? taxi cab. i'm looking for a taxi. where? church of the nativity. 0k. maybe you want, i'll take you for photo at the wall, we stop and take photo. 0k, cool. 0k. you happy? yeah, always! how big is the wall? it's big, big, big, maybe

the ecb's new director of cricket ashley giles, who has taken over from andrew strauss, believes englandably the best opportunity for a long time. how we are playing our cricket. i think we have found ourselves in the past running into world cups with suddenly a bit of a meltdown going on and change. that is not the case this time round. if you talk about my role again, as much as anything, that train is moving quickly along the tracks for the world cup and i need to make sure that down the line it's clear and there is no interference which will derail us. that's all the sport for now. you can find more on all those stories on the bbc sport website. that's bbc.co.uk/sport. manchester city mark 2—0 app. 29 minutes gone in that world cup semifinal. the bbc has learned that at least eight men in the uk have killed themselves after being exposed online by so—called paedophile hunters. typically, these "hunters" pretend to be children in online chat rooms to lure men into meeting them. they film the suspect, and put the videos online, sometimes live, and often before an arrest is made. police

shery: tom giles in san francisco, thank you for the latest. the u.s.nnounced sanctions on venezuela state owned oil company and the central bank. it is the latest move by president trump intended to raise pressure on the regime of president nicolas maduro. let's go to our guest. we are seeing bond investors take cues out of everything that is happening in the venezuelan economy. the chart on the bloomberg showing the bonds for venezuela, really writ rallying. is there an expectation right now we could in fact see a regime change as bond investors seem to be factory in? >> i don't think they are necessarily on a regime change. these are very low volumes. it is not take a lot to move the price. what is really going on, what has really changed for venezuela and the way the world perceives them since mid-december when it became an economic issue and geostrategic military issue for the u.s. -- what i mean by that, you have russian blackhawks landing in caracas because venezuela's overdue on its oil payments. u.s.'sis dancing in the backyard and the u.s. gov

joining us now is bloomberg technology executive editor tom giles.art with apple because we know the company already preannounced and we saw the immediate reaction. not just the stocks, but overall market. it is known for giving lowball forecasts and beating the forecast.what is the best news apple can deliver to investors next week? tom: the best news is it is not as bad as we gave you the impression it would be.is not armageddon . the analysts we talked to that we surveyed are looking for a 5% decline in revenue.you got to go back several quarters before you had a performance that bad. what is not good for apple is this is the holiday quarter. this is the time when people should be rushing out to buy devices, smartphones, ipads, etc.. but what they have really seen, what they are suffering from right now is peaks smartphone. smartphones, the market has been saturated. they are also dealing with and did not talk about this as much when they preannounced, they also have competition in china. they had companies, a number of them, who are putting out f