joining me today on studio 1.0, xiaomi president of global --ations, hugo barbara barra. great to have you here. hugo: my pleasure. emily: how is your chinese? hugo: coming along slowly. maybe next time, we can do it. emily: i will hold you to that. that is a big promise. i understand they call you tiger brother. how did you get that name? hugo: our ceo, a social media rockstar, superstar did a simple post and said hey guys, hugo is joining us from google, we have to give him a name. people went crazy. everybody started suggesting names. i had no say in it. i was communicated on my first day, by the way, you are tiger brother. emily: when are you going to start selling phones in the united states? hugo: i would tell you if i knew. but i don't. we don't have a set date yet. selling phones is a big step up. it is a huge marketing undertaking. you know, building a smartphone brand. operationally it is complicated. you have to have after sales set up, customer support set up, and it takes a huge amount of work plus localizing the hardware. we are going to work our way to that

barra, straight from beijing. thank you. i want to thank emily chang and hugo barbara, great guest on emily's part consider last night shocking news. changing the name of the company. pimm: still ahead, hack attack. ciber the allegedly stealing corporate press announcement before their release. then trading on the information. details ahead. ♪ matt: the morning. i met miller. pimm: i am pimm fox. -- i am matt miller. right now the dow is down 200 points. down 208 points to be exact. down 1.8%. the s&p 500 down nearly 1%. the nasdaq down by one -- .1 percent. for the dow, the biggest loser for the day, lower for the first time in the past eight sessions. yesterday we did see the green. if it did spark concern across the global market that the world's second-largest economy is headed for deeper slowdown. to individual stocks. this is the u.s. maker of cranes and construction machinery. it is of more than 20% on the news it has agreed to combine with finished competitor to make a new company worth $10 billion in sales. at $30l values one share 19 cents, nearly 40% premium monday.re terex closed also in tech news. revenue, profit