lenovo shares atoday are down b 1.4%. alex is vice president of research equity at china securities. thank you so much for joining us. do these numbers give you enough optimism for the company to be able to manage the two major acquisitions worth more than $5 billion? you would think there is a lot of execution risk out there. >> yes, actually, for this corner, the overall market is to estimate. it's driven by the stronger than expected pc and the continued momentum in smartphones and sector globally. another thing i want to highlight is that lenovo has surpassed samsung to be the number one smartphonemaker in china. this year in china, it's all about 4g. so being a looed er boo allow - it appears in the second half of the year. >> what is your jo lieutenant for september quarter? can the company continue to gain market share? yes. actually, the pc demand is driven by the commercial pc, but due to the global issue, we see some management on the global -- intel and hp, the management came out in the past quarter revising u

we're talking about the chinese giant lenovo. it is up 23% from a year earlier. talking the owner of think pad and the world's largest think pad and smart phone seller. it gave us a deal to buy motorolla nearly $3 billion for the phone maker. the company is cementing position certainly as a global leader. >> lenovo sprang to fame ten years ago when it purchased the think pad brand. there were rough years at first. of course it's now the world's top pc maker. now they're hoping to repeat this strategy with mobile phones. a lot of it's effort is made to sell its brand around the world. in terms of mobile phones, lenovo has told us growth in worldwide sales of phones is 39% driven largely by the chinese market. ibc the research firm says it's now the top smart phone seller in china overtaking samsung. the chinese market is competitive and has a lot of competitors. now the chief executive of lenovo says he doesn't want to engage in a destructive price war with rivals there. >> there you go. that's it with business. lots going on. follow me on twitter. @bbc aaron. >>

regulators say they will low-endm to sell its service to lenovo. the deal will give lenovo a bigger slice of the global computer hardware market. to focus on growing areas, including the cloud. china's biggest banks are facing their weakest profit growth in 10 years. fromhere is more pressure direct share sales. >> the weakest profit and 10 years is the forecast for these banks. they begin reporting tomorrow. icbc, bank of china, adding inc. , more on that in a second. share sales, record will dilute earnings overall. they are to sell more stock than in combination of the u.s. and european banks. it settles banks with the pressure of the expense of dividend payments goo. dragging their profits. they are already constrained by rising bad loans. earnings forecast are a confined 7%. $150 billion, twice of the u.s. banks at $70 billion, and three times the word of the year he and top five banks at $47 million. >> we have to be mindful that many of these state-owned enterprises here, that his government dollars. it is stimulus dollars that worked back i

>> i think it's interesting because this came as a great quarter for lenovo. they have overtaken samsung the last quarter and in the top five or so. everybody below them are local manufacturers so i think this will probably accelerate how quickly mid-end and domestic chinese suppliers are doing. xiaomi, nothing even not to lose but everything to gain. they sell all of their phones direct. this could only help them. >> apple thought for years to be sold by china mobile. it just happened like six months ago. this is something they have been working hard on, relationship with the chinese government and now this. >> now this and the flip side is the chinese government has been up front they want the new iphone product whenever they're launched in september to be available immediately in china. it hasn't changed, china mobile's emphasis on iphone products. so i think this is a question of it's kind of economic price elasticity. how much of a difference will it make with respect to uptake of the product when you have change in the price and selling to affluent custo

lenovo maintained the must be three ranking in smart connected devices. it doesn't just make pcs. it makes tablets and smart phones and has been the largest maker more than a year now. well done. we'll keep across on that one. we're going to talk about thank you change of silver price. we'll talk about that on "gmt." lots going on. tweet me @bbc aaron. that's it for business now. >> i'm tweeting you as i speak. right. do stay with us on bbc world news. as well as aaron, still to come, russian retaliation for sanctions imposed by the west. american's space industry could be a target. and that became our passion. to always build something better, airplanes that fly cleaner and farther on less fuel. that redefine comfort and connect the world like never before. after all, you can't turn dreams into airplanes unless your passion for innovation is nonstop. ♪ unless your passion for innovation is nonstop. 58 seconds on the clock, what am i thinking about? foreign markets. asian debt that recognizes the shift in the global economy. you know, the kind that capitalizes on diversity across

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lenovo posted a boost and profit in smartphone and computer sales. the market is in contraction company ishe negotiating with agencies for planned acquisitions. estimates after in steelmaker made money their previously unprofitable unit. if the analyst estimates. profitsted a quarterly for the first time in two years. let's keep the corporate. and one days down after a report of a drop in profit -- profit. our guest is mark martin. >> you are looking at the recurring income and it is a 62% drop.ken with a the poorly figure was a loss of 89 million euros and it is the fifth time they miss estimates and it was down to a simple story of germany favoring subsidized renewals. economy does zone not help either. listen to this. wholesale favorite power prices averaged 30.5 euros. that was the lowest in seven years and below last year's level. that is why the profits are down and we had a lot in the second quarter. the good news is that the wholesale prices are bottoming out. why is that a large number of power stations are in europe. i guess -- guess who is

vo: all lenovo yoga 2-in-1s on sale starting at $399.99.rica's back to school techfitter. (cheers and applause) >> stephen: that's it for the report, everybody, good night. >> from comedy central's world news headquarters in new york, this is "the daily show with jon stewart." captioning sponsored by comedy central [theme music playing] [cheering and applause] >> jon: welcome to "the daily show." my name is jon stewart. my guest tonight, former russia today reporter sara firth. but first... [laughter] [cheering and applause] i was just checking to see if i have a syndrome. a professor of anatomy in the audience is just pointing at people and telling them, what's wrong with them. but getting to the regular show, the middle east, this is terribly upsetting. it remains in turmoil. this is a dangerous region, even for people who don't live there and, say, merely express the mildest of concern about the humanitarian tragedy of civilians who have nothing do with the warring factions, only to take a rash of [bleep

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. >> reporter: a consumer reports survey found dell and lenovo solved around 60% of problems. staples solved 70% of the problems and best buy's geek squad solved 77%. at the top of the pack, apple's tech support. >> apple owners told us that regardless of phone service or going online for service, over 80% of the time their problem was resolved. >> reporter: and at the genius bar, apple's walk-in tech support center, the survey found 86% of consumer problems were resolved. the consumer reports survey found another good bet for tech support, independent computer stores when it comes to troubleshooting, the survey found people who go to independents are as happy as those who go to apple's genius bar. >> wow. >> quite a recommendation. >> michael, thank you. >>> a series of shark attacks is forcing google to reinforce its underwater fiberoptic cables with a kevlar-like casing. it carries data across the globe at one gigabyte per second. look at these sharks. they'll bite into those cables. the magnetic field created by the high voltage in the cables resembles that of moving fish

for high school and middle school students "consumer reports" says the $600 lenovo idea pad u4-30 touch is a good choice. >> a lot of laptop for money. has a powerful processor and decent sized hard drive and a good performer in the lab. >> and at four pounds it won't weight down a backpack. college bound students have loads of gear but for taking notes is a laptop or a tablet a better choice? krrts says microsoft's surface pro 3 offers the best of both. it costs $1,000, plus $10 more for the keyboard accessory. >> technically a tablet but has a full win dose operating system that allows you to switch back and for the and one that's more like a conventional mouse and keyboard. >> and for creative figures the surface pro 3 comes with a pen and let's you write on the screen. "consumer reports" recommends a 13-inch mac book, $13, it's pricey but has a stunning display and long lasting battery and apple is now offering a discount for students. >> a lot of options. >> the discount will help, too. >> let's get a check of the weekend forecast. thursday is the official day we can start looking

vo: all lenovo yoga 2-in-1s on sale starting at $399.99.ol techfitter. (cheers and applause) >> stephen: stay tuned e everybod (cheers and applause) captioning sponsored by comedy central captioned by media access group at wgbh access.wgbh.org >> from comedy central's world news headquarters in new york, this is "the daily show with jon stewart." captioning sponsored by comedy central [theme music playing] [cheering and applause] >> jon: heroin everybody. welcome to "the daily show." who am i? my name is jon stewart. you can call me -- what, am i the only guy who -- high brow audience tonight some bad. wait, wait, don't tell me. did you see that? [bleeped]. my guest tonight is elizabeth moss. but first, let me take you back. last week on "the daily

that's where ibm just sold its server business to lenovo.y be trying to capitalize that in server sales. >> ross, i know you've been much more cautious about hewlett-packard's prospects. what do you think with these numbers in? >> i think it's more of the same. revenue growth of 1%. that's not very exciting by any means. and i still think they're absolutely missing the boat by not getting in to 3-d printing in a big way. let's be real. you know, they're just like cisco and many of the older businesses of '80s and '90s. they really need to do something bold and big. i say that every time with these big cash flow companys with low pes. yeah, the valuation's cheap and the cash flow is good. but what's going 20 get revenue going up and not being in the 3-d printing business right now in a big way is huge mistake for hp. this is their natural strength by far. >> what's the revenue of stratss to here, just pick the one that you -- >> it's a few billion dollars, at most. but it's like -- >> all right. it's not nothing, in other words. because hewle

lenovo could have an offer. i do not think that deals are off.utsche telekom has to be confronted by the fact that this is a unit that they have to run on a standalone basis. they are ramping up users by none hundred 8000 and they are winning. they are having to sell a contract cheaper to get that kind of dominance with market share. that costs and so does investment in the network. they are keen on getting rid of it. back to you. >> we stick with deutsche telekom and the principal analyst. a look at the numbers. let's talk about germany. profit is gaining. have we gotten to a point where the market is saturated. >> we look at the german numbers that they did say relatively well, compared to the completion. and theyis in port and 5% anden down almost telefonica was down almost 4.5%. so, they are outperforming local markets. that is good news. the most important market is where they are putting their money. something that did well is investing in the next generation have aogy, where they long-term game and they want to squeeze more out of their cu

authorities say they would allow -- to sell its low-end business to lenovo.lion deal will give the chinese company a bigger slice will of the -- slice of the global computing market and allow ibm to focus on areas that include the cloud. those are the top corporate stories and headlines this monday morning. i'm john dawson. maine -- the main chinese stock benchmark rose to an eight-month high last week. week was speculation that economic data would push the central bank to step in. bad news was good news? >> yeah. >> but is it good news? >> you look at different markets around the world. they tend to interpret news from the central bank differently. if you look at the rate cut, ok, good times are coming, there is more money. lookina's case, how they at these rate cuts -- 7 2, 3, 4, 5, 6, and 7 -- rate cuts since 2000 and eight. -- since 2008. it usually was a signal that the economy was not doing well. >> in the u.s. and anywhere else, rate cuts would be -- you see the opposite reaction. >> slowing borrowing costs. >> they are seeing this as a signal of somet

the quarter as the company faces increasing competition from low-cost chinese competitors such as lenovo is not just issues with mobile that had investors questioning whether samsung can remain on top. the chairman of the parent company has been in the hospital since may, leaving plenty of questions about future leadership. cory johnson joins us with more from new york. we have so much to talk about this hour. what is your take on the numbers we saw from samsung today? >> there are some really interesting things going on in the cell phone business, the smartphone business right now. t-mobile is such an important part of that. what we see is not just the entry, the importance of lower-cost cellphones, but lower-cost smartphones are starting to become important not just in china, where they have had great success in challenging both samsung and apple, but t-mobile by coming out and saying to customers, look, you just pay for the phone. you don't have to submit to a long-term contract. it means that customers in big markets like the u.s. are looking at the actual cost of their phone, and th

xaomive companies like and others making lenovo, making giant phones for china. >> this means that appleducts cannot be bought with public chinese government money. >> right. >> how much is this going to hurt apple? how much does the chinese government by apple products anyway? >> in terms of government spending, it is about the same as the u.s. in terms of percentage of gdp. we do know how important china is to apple. le comingales of app into china in the past two years has become a significant part of apple's overall revenue picture. we have seen a growing dramatically over time. there has been a really important profit center for apple. a lot of that money is made in china. it is a huge market for apple. much of that market is not the government, it is the consumers. >> thank you, something we will continue to watch. the u.s. military has just conducted airstrikes and iraq. up next, some of the advanced technology the military is using . you can also watch us streaming on your phone, tablet, bloomberg.com, and apple tv. ♪ >> it is 26 minutes past the hour. bloomberg television is on

if the team decided they wanted to use apple or lenovo, the nfl would say no. >> why isn't apple jumpingthis? >> there are a lot of teams that do use ipads and you read a lot how when a new player comes on, giving an ipad with the playbook, there are ways apple is in there but they are not the preferred provider here. >> this is also highly regulated by the different leagues and colleges. there's a story in the pac-12 now where the camera was going by the background and the coaching staff in the booth and the team looked and said these guys using lap tops and they're not allowed to use them. they got censored and it's a big deal. one of the interesting things about the new surface is they've got this pen-based system not for an do the dumbest football coach in the world. >> this allows them to tell us in real time. if you ever see peyton manning on the sidelines, he could maybe be drawing up the route he wants or the coach could put up where the defender is going to move and instead of flipping through time lapse photos, they can draw up plays and how the defense is moving on. >> how hel

second quarter as the company faces increasing competition from low cost chinese competitors like lenovo, huawei. it is a company that is dominating in so many areas you may not know about. our editor at large, cory johnson has a look at the giant that is samsung electronics. >> part apple, part intel, part whirlpool. samsung electronics is a big, bold, and really diverse -- the flagship company itself, samsung group. over 286,000 global employees who brought in $222 billion in revenue last year. you know about the company's huge success in smart phones and tablets. but together, the mobile i.t. division accounted for 54% of revenues last year. samsung's success story goes well beyond the familiar. samsung is the world leader in d-ram and solid-state drives. the company makes mobile chipping counting fierce rival apple as one of its biggest customers. manufacturers of led lighting fixtures as well. samsung if the top flatscreen maker for tv's. the company has also cashed in on making large-format displays. those displays are not just for televisions. samsung has taken its digital know-ho

lenovo. how do they compete and revamp? it is all about product. >> it costs money. ask dr. dre.ny's largest chip maker will buy u.s.-based international rectifier. for $3 billion in cash. it will be infineon's biggest acquisition to date and is expected to be complete by 2015. it gives them more capacity to deal with rising demand for chip use in cars and electronics. communities weigh block or dding the right service. munich and dusseldorf are considering taking actions. they are saying uber drivers need a cab driver's license because they are driving to earn a profit. clearly they are not doing it for free. the owner of stop and shop stores in the u.s. said it lost shares in the states where it generated half of their sales. they are planning to generate more money from online sales adding pick-up points and offering delivery to a wider range of companies. "the pulse" is coming up. anna edwards is your host for today. >> thanks very much, jon. we'll continue the good will you have been doing in looking ahead to the jackson hole symposium. that gathering of global central banke

for high school and middle school, consumer reports says the $600 lenovo idea pad is a good choice. >> a powerful processer, a decent hard drive and very good performer in our lab test. >> another plus at about 4 pounds, it won weigh down a backpack. >> collegboudav loads of gear. but taking notes, is a laptop or tablet better? >> consumer report says microsoft surface pro 3 offers the best of both. costs a thousand plus 130 more for the keyboard accessory. >> it is technically a tablet but with a full windows operating sysm it allows you to switch back and forth between touch screen and one that is more conventional mouse and keyboard. >> and for creative thinkers, the surface pro 3 comes with a pen that lets you write directly on the screen. >> so amazing where technology has brought us. we're going to list all these great laptops on the website. nbcwashington.cod look there. jim and wendy back to you. >> erica, thanks so much. they were they ed o cases and put on the streets. >> a d.c. detective shuffle. what happened we started asking questions? >>> and cop kle puppy and he's read

more high school and middle school students the $600 lenovo idea pad is a good choice. >> it's a lot of laptop for the money. it has a powerful pro sers, decent size hard drive and good performer in our lab test. >> reporter: at about four pounds won't weigh down a backpack. college bound students have loads of gear but for takes notes is a laptop or tablet a better choice? "consumer reports" says microsoft surface pro three officers the best of both. it costs a thousand dollars plus 130 more for the keyboard accessory. >> technically a tablet but a full operating system, allows you to switch back and forth and one more like a conventional mouse and keyboard. >> reporter: and for creative thinkers the surface pro three comes with a pen that lets you write on the screen. >> that was erika gonzalez reporting there. most schools in northern virginia start class on tuesday. when i was in college there were two or three students who had a laptop. >> or a cell phone. gosh, i had a pager. >> cell phones, wasn't that long ago. >> i had a beeper in college. tells you how old we are. kids goin

not as important on the profitability side given the markets are 4%, not bet were tan lenovo.ncredible. as for printing, the markets are higher. the revenues there did not come in where they were expected to. supplies revenue was $3.7 billion. that's just supplies in terms of ink and the like, made up 65.5% of presenter revenue. ink may be down. we may be seeing pressure on toner, which is happening japanese sellers of that particular product. they also were talking about larger than expected inventory correction from consolidation of u.s. retailers, which may suggest softness in demand. they say too early to confirm this trend. overall, enterprise group not bad. enterprise services, actually. speaking of maeg whitman prior to the call. she says she is still encouraged by that part of the business. it is in turn around as is so much at hewlett packard. revenue is still down. she says it's going the right way. interestingly, they did see significant gains in china. they have new leadership there she said is making a difference. a guy bob mou turned that around over the last yea

it's about but a be part of their thesis is that cray would benefit from the sale of the business to lenovo, enabling cray to perhaps slip in there. >> talking of slipping in, under the radar is affiliated managers. you know, this actually feeds into a seg muppet. >> moody's was talking about was they -- this is a roll-up investment firm. credit sweet met with affiliated managers management last week, they reiterate this as their top long idea for the second half of the year. the ticker amg. they are not the ones that trick out the mercedes. time now for "talking numbers." let's talk best buy. it has been anything but form the stock is down 24% this year. aaron ghibs and todd gordon are joining us. aaron, fundamentally, best buy, bullish or bearish? >> we have it on a couple model portfolios. they are very much in the midst of a turnaround story. they have to shift their revenues more to online and that's what they've been doing. part of being more online focused, not only increases your revenues, but also cost-cutting. so they cut their expenses by 11% last quarter, so it's exactly what we

sentof the easier ones, 10 lenovo, brilliance, inch gives access to bmw's china and have sold reallyake a look right into your crystal ball if you could. what does the hong kong-shanghai connect look like a year from now and what would the equity play for investors in this region look like a year from now? >> i think the big thing that we need to keep in mind is that this is very small and restrictive and it has to work dramatically over time the for the first year, you are likely to see more access to stocks domestically on both the a and h-share side. longer-term, you will see integration of the exchanges, which will be quite an amazing transformation. the last thing i will be looking for is the partial opening of this closed loop. there is a deadline to liberalize the capital account by 2015. that necessitates, by definition, that long-term capital flows the liberalized and short-term capital flows the restricted. it will change dramatically over the next couple of years. >> it certainly is going to change it all. starting in october sometime. the head of china-hong kong strategy

i don't know about one lenovo saucer retire with $10 million to say you are crazy government employees don't. yes they do. >> date get 200,000 per year if they live to the age of 100 that is sheer insanity and poughkeepsie for america and the taxpayers and it has got to stop. who gets a pension of $200,000 per year of not working? if you apply that philosophy to the private sector to imagine the pizzeria that but the $800 for a slice you have to pay for everyone that never worked there 30 years ago but in las vegas the average buyer man -- firemen makes $199,000 per year? is that amazing? these are not the captains were the chief but the average fire man coming to knock your window down gets $199,000 per year there are fire captains they print the salaries of every employee there are some captains that make up at $600,000 per year. insanity. it will not work long term. >> last question is better be good. no pressure. [laughter] >> what is the ideal health care policy and what is the take on quantitative easing? >> too easy questions. quantitative easing is simple. that is the fed's pro

china's lenovo says more negotiations are needed with u.s. regulators to close a few deals.tting four-year forecast and reporting that sales forecast have stalled . the world largest retailer claiming slow traffic. more trouble in the retail industry, guys. after the bell yesterday, trouble for cisco. the networks equipment maker, cisco systems, conceded it was still struggling to restructure. people,lay off 6000 meeting total layoffs since 2009 25,000 people. product offerings have not worked. last quarter, sales of cisco fell for the first time in five years. with me to look at what is going wrong is bloomberg contributor ie paul kedrosky. erik schatzker of "market makers will be joining me. he will be speaking with cisco's ceo john chambers. the company has been in turnaround mode for 2, 3 years already. >> more than two or three years. it has cut more than 25,000 jobs in 2009. it cap hiring and buying other companies as well, betty, so you need to point out that this goes head count is up about -- cisco's headcount is up about 8000 people over that period of time, but th

si es que necesitas esa computadora o tableta para trabajo bÁsico, puedes considerar algo como un lenovo, va a necesitar programas o aplicaciones mÁs avanzadas. empezar de ahÍ a determinar los requisitos, a hacer una lista de esos requisitos puede que estudiante necesita llevarse esta computadora a la escuela. haz la lista de los requisitos y empieza a comparar las computadoras que estÁn disponible, inclusive, el precio porque es muy importante. >> no siempre lo mÁs caro es lo mejor. usted, en casita, esperamos que haya tomado nota pero si quiere mÁs informaciÓn, puede visitar la pÁgina de internet consumerreportsenespanol.org y asÍ como nosotros continuamos con mÁs del estado del tiempo. xime, por favor. esa canciÓn que a todos hace bailar. >> vamos, chicos. ♪ que llueva, se caiga del cielo y truene, lo Único que quieres es que yo te traiga el weather ♪ ♪ que llueva, se caiga del cielo y truene, lo Único que quieres es que yo te traiga el weather ♪ >> chicos! muy bien. aprovecho para invitarlos a que me envÍen ustedes cantando la canciÓn del weather con diferentes ritmos musicales. aman