we've got an earnings alert on micron.ws room. >> micron reporting a smaller than expected loss and better than expected sales. executives point to improving market conditions for slowing supply growth and improving demand across key segments, a number of them here. one is d-ram, the dynamic random access memory, the chips that power pcs, increased by 20% last quarter. but prices are down 6%. so the pricing pressure still available around. first quarter guidance also beat sales and earnings per share. the shares are falling now by about 4.5%. 7.2 million shares worth of volume. this was a stock that arguably by some traders takes was set up for a bit of a disappoint. up 20% plus, 11, 12% over the past 12 months. it beat on the top and bottom lines, better guidance but negativity about where the outlook could be. back over to you. >> thanks, dom chu. this is a commodity market, basically. and so prices are lower than expected that you didn't necessarily be a complete surprise. where do you see the stock going from here? >>

a little more color from sales mix over at micron.oducer for many of mess semiconductor, smartphones and tablets. keep digging through this. we should note also that the shares are down 2% now on 392,000 shares worth of volume. shares were on a dwreer date basis up 26% and up 12% over the last 12 months. back to you. >>> moving lower. down over 2%. kim forest i know you like intel. you own it. what about micron? you have to keep an eye on all those guys. >> absolutely. i'll tell you those super strong numbers are just great for anybody in that complex. the pc vendors but also the chip vendors. i think those were very, very strong results. >> tim seymour, what do you think? >> micron we have a positive announcement in september which was the beginning of a turn in this cycle for them. drand supply is slowing. again it's a company that has had a lot of good news into the stocks. stock is up 90% off the lows. i'm not sure how far to do a lot with anonymous. the transition for these guys in that space is getting better and better. >> up 9

tuesday's second major earnings report that i'm also excited about is from micron, symbol moo. there's a huge amount of consolidation going on in the semiconductor space. more on that later as we're hearing about that qualcomm other chip makers are doing better simply because there's a shortage of the products even though these products are commodities. micron is the best example as they make prosaic chips for flash memory and basic storage. drams. now, demand happens to be outstripping supply for those, according to intel and hp ink, that also makes printers. both of these companies, hp and intel, mentioned on their conference call that there's tightness -- that tightness in the industry part that moo plays in, and i think that's very significant. to me it means the stock can go higher. wednesday we hear from a company that keeps delivering again and again. constellation brands, the maker of the best selling beers at san miguel, as well as craft brew ballast point, and casa nobody lay, which has long been my favorite tequila of choice. the beer stocks have been on growing majo

all of this suggests micron is setting up for a very strong december quarter.makes this very interesting last year micron was the worst stock in the nasdaq 100. now of more than 20% this year. turnaround, this stock is up more than 150% this year. after yesterday's 7% gain we are looking into what could be behind us. the fact that advanced micro devices received more than 30% of its revenue from microsoft so investors may see this as a continuation of the turnaround orchestrated by the ceo. we see the beautiful uptrend. more recently there are some mixed signals. this area is continued or -- considered to be a diamond top. supporting that is the fact that the uptrend has started to break. the near-term buyers are very interested in shares of amd. it will be interesting to watch how the year plays out for stock that is up 150% on the year. vonnie: let's check in with courtney donohoe. questions about the european union's ability to sign trade deals with the rest of the world. belgians government says it has failed to persuade regional parliaments to go along wit

it eliminates 99.9 percent of the microns which gives the respiratoryy system it's proble so when you're having allergies and all that it is because of the particles this will eliminate that.t. >> all of those are in both of these? >> them both. i know. this has a technology and it will destroy by everyday chemicals given off in your house. >> it is so funny because we don't think anything quite the right really need won but i am sure you can only imagine when you start pulling out these filters. >> yes you are prefilter you can just washer carbon filter you replaced every three months this is oncee you replaced every thre years. the cool thing about this one here as a cartridge and what it does is a new technologa capturing formaldehyde one thing that is scary when you are in your house the wooden ceiling and everything gets treated and the gases, even paint when you paint your house it neutralizes it. it is is yellowish green ashi fill up out right now it startsp neutralizing the very dark brown and that is when you note you have it. >> the only time i ever want that is when i am in bi

darden restaurants parents of olive garden will report and we'll hear from micron after the bell. >>> among today's top corporate news shares of deutsche bank rising. markets were closed yesterday for a public holiday. will the justice department be favorable to the bank. deutsche bank also getting a strong. vote confidence of a big name competitor on wall street, jpmorgan chairman jamie dimon believes the german lender will be just fine. >> there's no reason that deutsche bank shouldn't get over its problems. they have plenty of capital, plenty of liquidity and we want all our, all these banks to get through because it's better for, if everybody we move on and help do our job. >> slight gains deutsche bank stock today. will represent a small pull back from the adr given that this is the first time that the european stock has traded since friday lunch time. a slight gain today is in fact a pull fwrak where the adr got to on friday. the deal has not been announced yet. we're not seeing a big settlement. deutsche bank not the only financial firm feeling the heat. wells fargo coming unde

micron technology expecting an upbeat outlook.tors are discounting that because of an accounting change by micron. they're also worried about broader trends in the market. the stock is down by 2.25%. >>> twitter is reportedly expected to field bids this week. among the possible suitors, salesforce. "the wall street journal" says the ceo there has been building a case to his investors. google and disney are also mentioned as possible buyers for twitter as we know. we've been talking about that. david faber's been reporting on it. shares up close to 4%. >>> and constellation brands increasing its full year guidance. that's good for a 3.5% pop for that stock. >>> the white house is revealing new rules that will cut down on tax inversions by rebasing abroad. the aim is to prevent companies from shifting profits overseas in the form of tax deductible interest rates to a foreign parent. the new rules would change those payments in equity dividends which are not tax deductible. warned about unintended consequences and lawsuits. we'll get

>> out of micron today. >> you look at a texas instruments. right now you look at an intel, and there are much different companies than when you are focussing on a mike roen right now. i think there are names that you can stick with, but i think some of these others are a little bit -- the run is there. it's been there. i think it's time to maybe do exactly what steve did. >> we have more coming up. unusual activity as well with john and pete. irs if, though, brian sullivan has a look at what's coming up on "power lunch." as well as a big interview, brian. >> yeah. it is going to be a big one. carlin from the doj. scott says, thank you very much. in addition to that interview on the breaking news, jim cramer will join us. he has a big interview with sales force ceo marc benioff. it may be all about it twoer. the whougs commits to having zero driving deaths. it's a great goal, but just how realistic is it? the best brands is out. some great news for some. and very bad news. the hot or not brand list coming up. "the halftime report" is back afte

that's because all the companies that make semi conductors, broadcom, intel, micron, invidia, all beneficiariesf the need for new memory chips in the phones we're buying and virtual reali devices we're buying, as well the drive for chips that use less energy and are less draining on batteries. then there is cloud technology and the relentless need to store data. it require bigger, better and faster chips. it's not just technology with stronger revenue gains overall. several healt sectors will also have strong aid. pharmaceuts like bristol-s and hmos like aetna and sigma are also set to report very strong revenue what about energ and oil and gas companies are still the biggest drag on earnings and revenues. oil closer to $50 tha $40, even oil companies may have a much better fourth quarter . for "nightly busine" m bob pisani at the new york stock exchange. hurri matthew' winds and rain pummeled haiti, the poorest country in the western hemisphere. now as that storm makes its way north, the governor of south ca is calling for an evacuati of coastal communits s and preparations are under way in fl

we have micron shares of the chipmaker., the guidance for the fiscal first quarter. they are calling it "troubling." many other analysts like micron for an improving dynamic. as for a winner, kaisha communications. ins is up from its ipo back may. the company raised its third-quarter adjustment range -- this is enough to exceed potential points around a secondary. jonathan: we're going to take it to the bond market. the ecp upset markets in the last 24 hours. an informal consensus has built on the way to wind down qe. even though those same officials did not exclude that bond buying could be extended. for more, jeff rosenberg joins us from black rocks office. what do you make of this talk surrounding the ecb? >> the first thing to say is just how much it says about our financial market dependency on monetary policy accommodation. we have a word in our financial market lexicon called the taper tantrum. it comes about by reference to 2013 market. i think memories of that are being reunited here, although there is a lot of mis

micron shares are up more than 2%.ts saying this reflects a recent data report suggesting that nan pricing has increased across the board. if fixed income tech analyst is sing the recently pricing of the companies loan suggests the company will save $24 million per year through 2022. some bullish activity for micron. we may see the stock rise. this happened back in 2013 ahead of huge upside suggesting that we could see more upside the head for the shares of micron. alix: thank you, abigail doolittle. oil is falling today. we will get a take on the market's take on our exclusive interview with mohammad barkindo, opec's secretary-general next. this is bloomberg. ♪ david: this is bloomberg. i'm david westin. coming up, bloomberg markets. what are we looking forward to today? vonnie: we will be speaking with a lot of souls today. we will start with andrew levin dartmouth economics professor. we will also be speaking to oppenheimer chief market strategist about the markets. we have wonderful interviews with the ge oil and g

micron was a very interesting story. this has been a monster all throughout the year.s here, revenue's up 11%, consumer and mobile, the dram was strong, price erosion not bad. problem is they gave above consensus guidance but had an accounting change and appears to account for most of the upward guidance. momentum saying this is not as great. take a look at micron, it's down a little bit, but it's been a monster all year up about 22%. it's benefitted from the enormous product upcycle in semiconductors and the companies that make them. all them doing better as people demand stronger, faster, better chips. guys had a lot to say about constellation. i just want to again emphasize how strong the numbers. you get organic volumes in beer up 13%, hard to move the dial, wine and spirits up 8%. that's rather amazing here. and the chart has essentially been straight up for many, many years as the numbers keep putting up numbers like this year after year. just look at the earnings for the last four or five years. $4.25 in 2015. they're talking about $7 a year from now. those are

if we look at micron's earnings a few days ago, they are getting good update guidance, even next year expecting supply to be slightly weaker than demand. that means supply demand is quite -- isn't quite healthy condition. the outlook is pretty positive. rishaad: lots of concerns swirling around samsung at the moment. arguingactive investors this company needs to be split into two. tell us why. proposals,ank, the are not new to the management. this is in line with market expectations of its future and structure. investors are most concerned to what extent the company will take the advice. that eases its way for samsung to do things in the meantime. it could take time to carry out, but again, this news supports the share price, given the optimism. rishaad: thank you very much, from bloomberg intelligence. we take a look at other stories, billion in an auction it hoped would rake in more than 8 -- more than $80 million. they are also struggling with more than $60 billion worth of debt, and revenues have taken a hit as customers switch from a voice called to apps. starbucks increasing its

hitting micron, applied materials. to the low, similar nasdaq.tocks have had a big run over the recent months. valuation is high. some investors may be taking profits ahead of a likely fed hike. that, the research group is saying they expect semiconductor revenue to fall by 9% in 2016 on a year-over-year basis. toll on theng a semi conductor index, well outpacing the losses of the broader index. we go to the bloomberg and look at g #btv. this is a one-year chart of the semiconductor index, and on today's weakness this index has dropped back below its 50 day moving average. last year when this happened it proved to be pretty bearish. when are a few other times it was a brief pullback. it's unclear what this means but it could mean that some investors are taking profits in chip stocks. vonnie: i'm going to send it over to you, mark. mark: courtney donohoe has more from our newsroom. batteringne nicole is bermuda with sustained winds of 120 miles per hour. the category three storm arrived a short time ago. the u.s. national hurricane center calls ni

report, micron shares had gained more than 25% in 2016.ing thursday on bloomberg, tom keene and francine lacqua sit down with ims managing director christine lagarde. that is live from the ims headquarters in washington -- imf headquarters in washington. if you like bloomberg news, check us out on the radio. you can listen on the bloomberg radio app, bloomberg.com, and sirius xm. this is bloomberg. ♪ emily: amazon is cracking down on so-called incentivized reviews. when customers get free or discounted goods in exchange for writing product reviews. amazon previously allowed these kinds of critiques as long as the author disclosed the discount. the problem was, this made it hard for sellers to introduce new products with no prior reviews. last year amazon filed lawsuits against 1000 unidentified people offering to write fate -- fake product reviews in exchange for payment. amazon is said to be in talks with european union regulators to settle an antitrust probe. the investigation deals with how amazon's e-book contracts with publishers may

thesec crest names companies like micron, western digital, and seagate. we are looking at a u.k.tock called layered plc. it tumbles 47%. it is a supplier to apple. it makes tiny parts like battery contacts and its eager -- and speaker parts. it is a big supplier to apple. that is where the competition lies here. mark: market value extinguishing in one day. still ahead, morgan stanley continues the bank earnings trend today, beating estimates. we will tell you what is driving the improvement. matt: good morning. i am matt miller. mark: good afternoon. barton, in london. are time, morgan stanley reporting a rise in profit. joining us now, laura. income --nley six fixed income. beats forn incredible morgan stanley. it is something they were able to do, the other banks were able to do as well. is this rivalry happening goldman.hem and >> can he lower costs while -- are we close to answering that question? >> there is a raging debate. i have seen analyst notes. what he pointed to was something like a victory lap. what i do want to point to is we were able to achieve revenue growth wit

micron, one of the biggest s&p losers. sales force also having continued weakness.ng to watch all that. by the way, three major sbeks have not all closed down 1% in a month. this will be the first time in potentially that long. let's get over to wapner and get the half. ♪ >>> welcome to "the halftime report." i'm scott wapner. whether the stronger dollar and rising interest rates will crush stocks just as earnings season gets underway. let's take a look at where we stand on wall street right now. all three of the major averages decidedly in the red. just about 1% for the dow. it is 1% for the s&p 50000. nasdaq getting hit the hardest today. with us for the hour joe terra nova, stephanie link, josh brown and pete najarian. it's now at it's highest level since july. interest rates backing up, and it's all causi

earnings for micron technology after the closing bell.e chip maker to post a loss of 12 cents a share on revenue of $3 billion. netflix and focus. the stock rose to its highest level since may on friday as investors speculated the online video service could be a takeover target ahead of quarterly earnings due out in two weeks. nicole: today's edition of "the wall street journal." owing to make accounting helps improve its profit picture. bowden started to make money on east reminder that east reminder that the bridge is the spring. thanks to a unique accounting strategy, the jets have been acting the aircraft maker's bottom line for years. the problem is the approach profits into such a distant future it's unclear if they will ever recover the $30 billion it cost to produce a plane. meet the billionaire behind the new bass pro shop cabal at empire. asper shot since buying his rival for about $4.5 billion. john morris is the founder and built the outdoor goods chain for many small learned a business that he started in his father's liquor s

then the other thing we're doing also is the camera that we're ing, this is a 1.65 micron large, largeel camera sensor. coincidently, the same one we think is being use on pixel. emily: what's your take take on the samsung issue? massive global recalls, people, you know, could potentially end up switching to xiaomi or other brands because of it. >> it is a real issue. potentially very significant backlash. we are one the biggest innovators in battery technology. we were one of the first to talk about the density specifications of our battery because we're probably the leading player in china or india about how much juice we can get out a battery volume. battery technology is complex, you have to test it a lot, and we do. we haven't encountered these kinds of issues. i think we'll get past this hopefully they'll recover, they'll get their brand become. -- back. it's realy perhaps a small mistake that will cost them dearly but i don't think this is a long-term problem. emily: we have 15 seconds left, i know you said that it's really the supply issue that are impacting the xiaomi growth n

there should be a little takeaway to micron too.a good quarter but caught up in a bad day. generally positive tech story. >> you think the chip strength is about more than m&a and supply chain management? >> yes. i think you have to start -- this is internet of things again, but what you're looking at is a company that was just disk drive company. disk drives got rationalized, meaning they stopped building a lot of plants, stopped opening a lot of flash plants and this is what happens. supply goes into equal -- equilibrium and that's why the stock can run here. >> quickly, bank highs, jpm closing in on 70 again. >> you tweeted about the bank, interest rates. boy, if they don't raise rates, this group is going to just cut your heart out again. but citi crossing 50 i think is pretty monumental. i really have to point out those quarters were good, now they were aided by brexit, but were going to be aided by all these deals, aided by nxpi, qualcomm, time warner, att, aided by what's behind us. >> morgan stanley up over 1% this morning.

. >> video down, micron down, seagate, applied materials, could i go on and on, some of the bigger decliners mopping the groups. >> i still like tech.go on and bigger decliners mopping the groups. >> i still like tech. i think you wait. we're down, what, 0.9%. no so not like all that negative data working against you. but it's about china. that trade data that we got this morning, that is the catalyst for people saying, whoa, 27% less in an was expected as far as that data? $53 billion they expected. it came out at 40. that's horrible. that is absolutely if you're looking for a canary, that is o one you just put it on the rotisserie. so keep an eye on that. that kind of data will mean that we are heading into a recession. >> but look at what those stocks have done. they have been meteor shots, as well. >> kevin, i saw you laughing. >> i just love the canary on the rotisserie. listen, here is the thing about china -- >> he stole one from you. >> we're talking sub 3% gdp growth state side. if you listen to the chinese go. they're talking a 6.5% gdp growth. let's not believe them. if you're loo

semiconductor stocks that are small enough to get a bid, and i'm talking about everybody from skyworks to micron. consolidation is a way of getting the bullish juices flowing. but let's not ice earnings. monday morning we hear from kimberly-clark and vf corp. the market wasn't crazy about their quarters last time around. i think we're looking at these companies way too short-term because over time they've given and dividends. but the market is in a "what have you done for me lately" mode right now, and the answer is not enough. maybe the narrative will change, especially with vf corp as longtime ceo eric wiseman passes the baton to steve rendle. speaking of passing the baton, sad to see charlie scharf depart from visa, but maybe we'll get a sense of what new ceo has to stay about the next steps for is titan. not to make too much of this new ceo/old ceo stuff, but caterpillar kicks things off on tuesday morning with outgoing ceo doug oberhelman presenting the numbers. i've got to tell you i think doug has done a terrific, heroic job of managing the downturn that wiped out many other infrastructur

micron technology out with fourth quarter results. the company reporting a beat on both results and revenue. the tech company citing improving market conditions in terms of both slowing supply growth and improving demand for the gain. david: we have more breaking news. florida governor rick scott eaking just moments ago, giving an update on the life-threatening potential of hurricane matthew. ta >> protecting life is our number one concern. if matthew directly impacts florida there will be massive destruction we haven't seen in years. david: okay. it is going right up the east coast, the carolinas, eventually later next week up to the northeast as well. we'll have more details on storms coming up. >>> meanwhile a secret and illegal use of our tax dollars. why the white house is coming under fire now for actions involving the remaining gitmo detainees. hmmm? melissa: brilliant business move or abuse of the system? donald trump trying to turn his tax controversy into a positive advantage for the presidency. art laffer, former reagan eco

semis down 1.25% here, big moves in micron, as well.he chip names that had really gotten a bit higher on the notion that things were improving in terms of the pc decline, not as bad as before. but the growth areas. and, of course, m & a. >> i don't know how we can give up on internet of things and programmables and memory and all these things that are, be again, part of the data center business they're growing in and look at the pc business again. people were giving intel the benefit of the doubt for the last six months. i don't think these numbers tell you that they have fallen off the business. >> i don't think they have fa fallfal fallen off either. cbw talked about this when he said -- called it the perfect -- didn't he call it inindividual i can't the perfect chart? >> too good -- >> to good to be true? >>. >> yes, yes. >> he said it was due for a pullback and since that day the stock has pulled back. >> broader concerns about semis in general. >> exactly what guy just mentioned, inindividualia, i would be taking profits and buying

we're going to hear from micron tonight. those reasons make these two interesting stocks very inexpensive, but i think it's interesting in the timing here. these stocks were far lower. now that they've finally moved suddenly they're coming out. yesterday and today. i think it's a little bit late. >> all right. western price target goes to $70 from $65. seagate to 37 from 29. >> yeah. >> okay. >> you're coming to me on that? >> didn't you just do those? >> yeah, yeah. >> i was going back with you with the numbers. >> oh, yeah. the numbers look good, man. the numbers look good. >> is it too loud in the stadium? >> i got -- my ears were ringing from that horn in the vikings stadium. it was going off. >> upgraded to buy, bank of america. doc. >> it's also golden week. it kicked off in celebration of the communist takeover of china. apparently about 600 million chinese move and take vacation over this week. that's going to be driving a lot of business, jim, and makow ash not all 600 million. >> 600 million? >> 600 million move ar

today chip stocks are doing better, amd, micron.vidual probably hopes that this quarter will look forward to a better holiday quarter.individual probably hopt this quarter will look forward to a better holiday quarter. tim cook has said apple will sell as many iphones as they can make but we don't know how expensive they will be. maybe we'll get a sense in today's report. >> and annual revenue expected to log a drop for the first time since 2001. but still it gois back to the point people have made about when it gets this size, when it gets this profitable. people kind of moved out of the stock and then all of a sudden it's up 20% the past he three months. >> big part of the negative these success was the smartphone sales are going down, samsung will eat its lunch. now that the lunch eating part is out of the negative thesis, samsung wasn't able to eat its own lunch. it got sick and stayed home. so we'll look at the inventory newspapers up i numbers as well. >> guy, what about you? what jumps out to you? >> i look for the positive.

. >>> we have results from the young brands and from micron this week but next week earnings season doese big banks reporting. we have a preview coming up. stay tuned. across new york state, from long island to buffalo, from rochester to the hudson valley, from albany to utica, creative business incentives, infrastructure investment, university partnerships, and the lowest taxes in decades are creating a stronger economy and the right environment in new york state for business to thrive. let us help grow your company's tomorrow- today at business.ny.gov >>> welcome back. breaking news on mylan labs. meg tirrell back with details on that story. what's going on now? >> hi, guys. we have been talking about the classification of epipen. a lot of reports looking into the idea they may have misclassified the epipen and paying lower rebates to medicaid. milan saying it's agreed to a settlement with department of justice for $465 million. with the doj and other government agencies that will resolve questions raised about the classification of the epipen. they also say in this same release they a

the company can be a dominant player is micron.ompany that can do well judging from what intel said, judging from hp the printer company said. this is where consolidation helped everybody and the numbers are very good. >> what's on "mad" tonight? >> we've got mark cuban. wide-ranging discussion about pretty much everything tech. we've got work days and akneel b bhu bhusri. we've got to find out about the yahoo! e-mail issue. proofpoint is the primary stopper of threats against your e-mail. maybe they know something about wells fargo too. >> you've got a long day ahead. nobody covers dreamforce like jim cramer. we'll see you tonight, 6:00 p.m. eastern time. >>> when we come back, the imf chief economists on lowering its global economic outlook in just a moment. i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only

they've had a big run, but micron i thought would be up more for the last quarter.ng, look, tech has been one place to be. i'm not making a call on hp. i'm just saying tech had been pretty good and tech is what's not holding n ining up in this particular decline. >> not much is holding up today. i don't want to overstate it, but we are down little more than half a percent in the s&p -- >> you're right. >> already this morning. >> i saw netflix give up a lot of its games, i thought it was amazing. alibaba had been one of the hot stocks and kind of cooled there. >> it's cooled off. still 25% for the year. >> got investor letter from ma this morning says, since the ipo the global economy has gone between global despair, sort of describes this manic environment. and then goes onto talk about aspirations in cloud and big data and logistics. things that sound familiar. >> yeah. look, when i was out west social mobile cloud, artificial intelligence, internet of things, virtual reality, augmented reality of which i actually know cloud. >> you know cloud as in k-n-o-w? >> i

what you need to know, samsung ending production of galaxy note 7's microns after failing to fix problems with its batteries. it was supposed to compete with apple iphone during the holiday shopping season. summoned to appear in court on friday charges, the random weekend as much as 3% on the dollar against the news. readgency said it may balance if opec meets the new production targets. galaxy seven, we will bring in our bloomberg team from around the world. our intelligence analyst in hong kong. but first, peter, let's talk about what this means for samsung and the south korean economy. their currency is down today. estimatessung accounts about 20% of south korean gdp. this mark on business is a small portion of that, but the hit to their image and brand will have a ripple affects not just in south korea's economy, but also with suppliers around the world. the impact will be significant, and we will see the fallout over the next few days. david: what about asian equity markets? will it have an effect there as well? peter: samsung fell 8%, which is the biggest drop in eight years. it los

what you need to know, samsung ending production of galaxy note 7's microns after failing to fix problems to compete with apple iphone during the holiday shopping season. summoned to appear in court on friday charges, the random weekend as much as 3% on the dollar against the news. readgency said it may balance if opec meets the new production targets. galaxy seven, we will bring in our bloomberg team from around the world.

lowes up and red arrow for chip maker micron tell me why, nicole. >> this is a real story that you'reng to have to sure mice and take a guess what happens going forward because it's a mixed bag. current bad news is that they missed on quarter per gross margin there's worries about their expenses and they have a tight inventory for chip. on the other hand it is going forward and future contract and five analysts actually raise their outlook so do you believe in the chip business gong forward? and that's the question. there are also some accounting that may be in their favor. back to you. >>dave nicole i was talking over you. i do apologize. germany wants to hold facebo liable for not racist post. what's this? >> coming from germany defense minister. they're failing to delete these racist posts that are reported by users, in other words, they say an complains it gets deleted quickly and hate speech 50% of the time it's never removed and they're sensitive in germany. any reference to naziism or support of naziism is a criminal offense in germany. they say because it is the hatred towards