nintendo isn‘t the only one thatis china. nintendo isn‘t the only one that is looking to do this.oking to do something of the same sort. monica, thank you, good stuff, keeping across that story from our asia business hub, monica miller. let‘s look at the markets. tokyo‘s nikkei edged higher — with markets still focused on the us fed‘s interest rate stance after strong usjobs figures. remember we get that rate meeting at the end of the month. rates set to be cut, but not as severely as first expected. that was enough to push wall street stocks lower for a second straight session. that was yesterday‘s close on wall street, the dow jones that was yesterday‘s close on wall street, the dowjones a little lower on the prospect of a low interest rate cut. let me show you what is happening in europe. following the lead set by wall street last night, keep an eye in no on shares in deutsche bank. we talked about this extensively yesterday, those 18,000 job cuts announced over the weekend, we have already seen those start to ta ke we have already seen those start to take effect. keep an eye o

this one doesn't connect to your tv like the nintendo switch does that's the nintendo switch they're not that switch lite. american spent $43 billion in 2018 a video game content mostly for says hardware, 65% of adults play video games. it's a 164 million americans big investment sony $0.10 microsoft nintendo activision blizzard electronic arts amd and nvidia apple all good investments in my opinion long term because if exposure to video games and computers. all right get enough thank you and we are out of time. keep questions coming in that will try to answer and when we can rob i can be accessed via regular e-mail facebook. >>twitter and our website at kron 4 dot com right thank you as always absolutely. >>back to the kron 4 morning news and welcome back to the fog across the golden gate bridge. you may be the wipers coming across this morning. but we can see the traffic a little bit better now and it's looking good in both directions. no problems into or out of san francisco, so it'll be roughly 22 minutes novato to the tolls that's good. the bay bridge traffic doesn't look too go

nintendo has a lot.s going to work with tencent holdings, china's largest game maker, working on selling some of these switch consoles in that market. the market is relatively flat at the moment and so what we are seeing, they are working together to work on pokemon games. analysts saying pokemon games could come in november. that could help push up the sales of a lot of their consoles. we know this past quarter, you just mentioned the earnings report, they sold 2.1 million console units. they are hoping to expand that a little further. they rare also making a light version for those who may not be as intense into the gaming aspect. those will be about $200 u.s. we have a lot of -- gaming is so popular with e-sports, we have other gaming companies and semiconductors coming out after the bell. we take a look at electronic arts. their earnings right now, we are expecting in earnings per share at one cent. you are seeing it on the screen right there. relatively flat, $88.90. that one cent is a huge drop com

nintendo is an exception.talk about nintendo and new products, you are referring to the switch light great how important is that lower-priced model for nintendo? it is important because it targets a market which is currently using or had used a product called 3ds. million sales for that product in the last seven years. most of them haven't bought a switch. this which is priced at $300. year.tinues to sell each it is important but the software lineup is what is important. games drive the hardware sales. are beingames launched as well as new hardware options being launched. and then you have partnerships in china with tencent, the mobile game launchers, a lot of things happening. we are expecting numbers out of sony, they have asian game consoles including spending for the ads. what are we expecting? last year sony had a good operating profit number for the first quarter around ¥194 billion. we have been worried about no growth for now six months. there is no earnings growth for the company given games, at the e

where nintendo is moving production because of the trouble between the u.s.nd china. >>> and taking a live look out at sfo, you can see this morning a great start to our morning. more news coming up for you right after the break. you're watching "today in the bay." rogers at cnbc . headquarters. here are today's top business headlines. wall street could see more loss this is morning as investors rethink their expectations for that i big rate from the federal reserve this month. stocks fell yesterday with the dow and nasdaq and s&p 500 posting back-to-back losses. >>> a federal judge has blocked the trump administration from requiring drug companies to disclose prices in tv ads, that rule, which was proposed in may, was set to go into effect today. wholesale or list prices wou dr per month for supply. drug companies sued, claiming the rule could be confusing fors due to discounts that are negotiated with health insurers and pharmacies. >>> finally nintendo plans to shift some production of its popular switch game console to vietnam from china, amid the u.s./ch

nintendo currently makes all of its consoles in china.se grocery delivery startup is seeking new funds and affect the valuation of $3 billion. it plans to raise up to $500 million and has some high-profile backers including tencent and goldman sachs. the five-year-old company says it reached positive cash flow of the end of last year. those are the top global tech stories we are watching. shery: south korea is sending a potential retaliation against japan after a chip spat rumbles on. the vicious cycle of measures and countermeasures will not be ideal for both countries. but if south korean companies begin experiencing actual damage, the government will have no choice but to respond as necessary. i hope it does not come to that. we urge japan to withdraw its measures. shery: japan curbed semiconductor components to korea has reinvigorated tensions and could have far-reaching implications for the supply chain. mehdi, a senior analyst at susquehanna financial group, joins us now from san francisco. great to have you with us. we have been ta

. >>> and later, why nintendo is moving all of its switch production to vietnam.quick break. the dow is down 94 >>> let's get over to the cme now and rick santelli for the santelli exchange. rick >> good morning and thank you. there's one question that pretty much everybody wants the answer to in various forms. how good is our stock market and i'm very serious how good is our stock market one would think that jay powell and company, that that would really be in the foreground of all the decisions and processes that go through to try to nudge the economy on the right path. how good is the market i don't know that we know the answer to that many believe it's all about the fumes. it's all about priming it's all about the fact that sustainability is still something people question. if you're a poker player, sometimes it's best to check to the highest bidder the federal reserve needs to focus on the big picture and the only way they can focus on the big picture in my opinion is to stay pat, to see the response in the market how much of what we are seeing on a day-to-da

injapan shares in nintendo were the most traded and rose 4.2% after the company introduced nintendo switch game play. let's have a look at what european stocks are doing. they are following the lead of asia. let's get more now on the speech from the head of federal reserve, samira hussain sent us this report. all fed shares have a difficult balancing act. they need to keep inflation low and everyone in work, and they also need to keep markets calm while being able to change their mind when the economy changes course. butjerome powell has a more precarious position than most. in the face of constant criticism from president donald trump, he must keep doing what's best for the us economy while never being seen to cave into presidential pressure. his appearance in congress on wednesday showed what a tightrope mr powell is on. first was the politics. he was asked what he would do if the president tried to have him fired. if you got a call from the president today or tomorrow, and he said, i'm firing you, pack up, it's time to go, what would you do? well, of course i would not do that. i can't

nintendo really wants the switch to do better.ooked at this as this is the successor device to the very popular wii. very groundbreaking device. thereere is a lot to say, is a lot of appeal for the switch. it is something that you can use on multiple devices. tv, pc, handheld. the light is just for handheld. there is a lot of optimism that because nintendo has a stronger lineup of games, it is cutting the price, china is also a new market they want to penetrate. there is a lot of optimism and that is driving the shares. the question that analysts are asking is whether cutting the price will be enough. overall, there has been general disappointment with the amount of interest in the switch, and whether that has been able to core,intendo go beyond a hard-core gaming core of users. just one time after another they have come out with projections which have left analysts somewhat disappointed with their projections for how the switch is going to do. does the cut in price, will that be enough? you really have to back that with killer ti

do not play nintendo later on, ds? i played all those consoles when i was in my 20s.and did other things. you are too cool. the cool things. you are too cool. the cool thing now seems to be esports. they had great coverage over the weekend and the focus has been on the prize pot here with millions of dollars at sta ke for very pot here with millions of dollars at stake for very young people, 1a, 15, 16 years old, some spending six hours a day in training for this sport. next time, a poor mum goes into the bedroom of a spotty teenager and says, look, son, into the bedroom of a spotty teenagerand says, look, son, get off that. he can turn around and say, i can win $3 million! absolutely, and the equivalent of what you could win for women wimbledon role—playing. .. what you could win for women wimbledon role-playing. .. but what you could win for women wimbledon role-playing... but where is the spot question i've explained to me. because it is a sport replicated in the game that people are playing. sport is a loose term. it isa are playing. sport is a loose term. it is a

asianang aussie anna -- airlines and nintendo and sony.ch are among the companies considering moving production out of china. results were released today. we do have a warning of suspicious activity. >> thank you very much for that. let's get more on what we should be watching. we are joined by our strategist. we have the aussie dollar eating the highest level in a month. >> it is playing out to some governor wasy the fearing. he said in between the cuts the problem is when everyone is easing, you get list of an impact. -- less of an impact. they have cut twice. even before the rba governor sort of confirmed that, everyone was expecting the cut. and then they will sit for a while. the fed is expected to cut will be for the rba does, quite possibly twice. other central banks are in the easing path. that creates the path of least resistance. yesterday, you have the trade surplus which was a record. that is helping to drive the dollar up. governmentclear the will get its tax cuts passed. that is seen as adding potential government surplus. a

nintendo sold 17 million switch consuls last year helping shares to search.urio is teaming up with amazon for a lord of the rings gaming title. those are the top global tech stories we are watching. shery: thank you. the white house will investigate a french plan to impose taxes on technology companies. such a move has been a prelude to new u.s. tariffs under the trump administration. how likely is it that this investigation will lead to tariffs? sarah: the clues we have so far on this investigation that was launched today is it is a so-called 30 one investigation, which is the same power the trump administration used to put these tariffs on china. we have seen in the past at the trump administration really does use tariffs as a way to gain leverage. that said, the u.s. trade representative's office has a year to conduct its investigation. france has not yet but the tax into effect. it is set to look at it tomorrow and the president would even need to sign it into law, so there's still a lot of moving parts before an action could take place, but it's a pretty

first quarter profits that missed estimates for nintendo.o says operating income fell about 10%. it left its full-year forecast unchanged. investors callers currently underway. ceo tim cook given a glowing review of how wearable devices fared in the second quarter. more on apple, coming up next. this is bloomberg. >> an absolutely blowout quarter for wearables. where we had accelerating growth of over 50% and a new high water mark for services, where we sat and all-time revenue record of $11.5 billion. when you step back and consider wearables and services together, two areas where we have strategically invested in the last several years, they now approach the size of a fortune 50 company. ♪ ♪ emily: this is "bloomberg technology." i'm emily chang in san francisco. apple shares in the green after reporting third-quarter results. services seemed to be the main theme of the quarter, a fifth of total sales for a whole. the call is still underway, with apple ceo tim cook expanding on the company's plan for the new apple credit card being launche

. >>> nintendo plans to shift this production of its popular console to vietnam from china.uld be the latest company to reelect amid the u.s./china trade war. nintendo outsources almost all production to contractors currently in china the company says the move is aimed at diversifying manufacturing and not to escape potential u.s. tariff hikes on products imported from china so shares in japan just about flat and shares of basf are off by about 5% the chemical goiant says that i will cut 6,000 jobs. the company blaming the weaker global economy and the u.s./china trade war which is weighing on the agricultural and auto sectors >>> richard branson's space venture is reportedly planning to go public the move which could be announced today would be part of a deal with a special purpose acquisition company or spac. virgin galactic took its first sub orbital flight with a test passenger back in february >>> still ahead, instragram has a plan to supposedly end online bullying, but it could come at a coast to facebook. >>> and new numbers from the cbo orwi may surprise you when "wl

they're fighting back, as well walmart's got a host of technology deals including xbox 1 bundles, nintendoitch bundles, as well it does really pay to shop around despite the fact that amazon prime, of course, have collared this two-day phenomena, as well. else where gas prices very interesting. they've jumped a dime, that's ten cents to you non-americans out there. jumped a dime in the last three weeks. that's having -- despite falling 24 cents in the prior seven weeks, as well as usual, down in baton rouge, louisiana, some of the cheapest per-gallon prices, $2.30 and as usual in the san francisco bay area, you get the highest prices, $3.75. national average, $2.83. frances and phillip, let me hand it back to you >> it's a beautiful place, but you pay on every single level out there. all right, steve thank you. >>> still to come, a look at the sizzling weather ahead >>> plus, a whalwahegee tcr ts more than he bargains for. you're watching "early today." could lead to way cleaner teeth. she said, get the one inspired by dentists, with a round brush head. go pro with oral-b. oral-b's gentle

nintendo is offering free repairs to switch owners who experiencing so-called joy con drift. some report in game controls can start drifting off even when the thumb sticks aren't touched. customers can get free repairs by calling their hardware support line. the company is reportedly offering some refunds. are trex k is recalling trainin bikes for toddlers because you have a risk of falls. it affects kickster bikes moved between 2014 and 2019. the clamp holding the steering tube can break. it has received 11 reports of broken clamps. one resulted in a minor injury. take it into a retailer for a free repair if you have one. >> time to get to the accuweather forecast and drew. >> we're tracking a form day out there today. warmer weather is coming our way over the weekend. saturday and sunday is going to be hot across much of the region. live doppler 7 along with satellite, it is a clear and quiet scan. it is all about the numbers right now. we have soared to 100 in concord. 85 hayward, 89 in san jose. earlier in the south bay san jose at 92 degrees. 94 in treatment. 91 santa ro

nintendo is announcing a light version of the switch handheld gaming console in yellow and gray and mylor turquoise. the price $199.99. we'll be right back after the break. there's no such thing as a born winner. so start driving and don't stop. because no one takes off at the finish line. and the only way to get that trophy, is to take it. net generation. official youth tennis of the usta. >>> researchers in britain found a link between brid-- birth wei and life. babies form premature were 30% likely to have a relationship and become parents but preemies tend to be more withdrawn and shy. >>> it is a great weekend to be outside as mike inouye shows us. >> so on the traffic, on saturday at the city college of san francisco, these are the cars that stop traffic, the event called spring of the street and the culture there still values the ride, low and slow and the same on the grill in contra costa county, the clayton barbecue cookoff is on saturday features dozens of chefs and pit masters and barbecue buffs and local brewers and live music and a different kind of barbecue at the festiva

the equivalent of unplugging nintendo when your brother is beating you. ( laughter ) to be fair, whennding fathers set up the country, they believed in three core principals, separation of powers, independent judiciary and if you're about to lose a vote, what's that? so long, sucker! that's not democracy! that's basically what republicans have done. lawmakers fleeing a state to sabotage a vote should be the craziest part of any story. if that wasn't crazy enough, one to have the lawmakers threatened to shoot police if the police tried to bring him back? i mean, did you hear him? he was, like, send bachelor's, come heavily armed! that's a threat. it's either a threat or it's a tag line for next summer's hangover featuring john wick. but it sounds like a threat. it's interesting how there are some republicans out there who have the most contradictory views about law enforcement. they will be, like, shut up collin kaepernick, blue lives matter! you president these cops but if these cops come for me, i'll pop a cap in their ass, those precious blue asses i honor and respect, unless they t

leading games console produces nintendo 70 and microsoft will join forces against the trunk of ministrations new tower if some goods from china. the video game console supply chain has developed in china over many years of investment by all companies and all partners it would cause significant supply chain disruption to shift sourcing entirely to the united states or a 3rd country and it would increase costs even beyond the cost of the proposed tariffs on products. already manufactured under tight margin conditions 96 percent of game console sold in the u.s. are made in china console makers say a 25 percent tariff could harm the industry they want so that prices would have to be hiked which would lead to a fall in sales worth an estimated $3350000000.00 a year gamer and technology expert arturo one louis told us that donald trump underestimates how bad his terrorists would be for the u.s. . president trump card on the stand oh i don't know 60 percent of adult population us i'll be a game players community i really are united on these situations and we'll push a lot of pressure to mr trump an

nintendo is planning to shift some of the production of its switch gaming console to vietnam from china the us have been embroiled in a trade war over the past year, placing tariffs on billions of dollars worth of one another‘s goods. that's all the business news. gchq was once top—secret, the government denied the existence of its security and intelligence organisation for the best part of 60 years. but gchq's intelligence—gathering spans a century, from second world war code—breaking, to combatting cyber crime today. as it marks its 100th birthday this year, a new exhibition is bringing previously unseen artefacts into the public eye. our security correspondent gordon corera reports. it's no secret gchq has been breaking codes and intercepting and securing communications. it is the uk's more secret intelligence agency. for 100 years it has been securing communications. now for the first time it is revealing some of its secrets. in a new exhibition. there are many items which have never been seen in this exhibition. this large machine was used to transmit secure messages during world w

nintendo currently produces its consoles in china.ey are moving production to vietnam. 96% of all gaming consoles were made in china. many have written a letter to the white house sing the latest proposed tariffs could severely hurt the gaming industry. >>> procter & gamble is now supporting u.s. women national soccer team's fight for equal pay. they are a sponsor and are donating $529,000. the amount is symbolic it works out to $23,000 for each of the 23 players of the u.s. team that won the world cup. they took out a full-page ad in the new york times. the national team filed a lawsuit claiming not only the pay gap but travel conditions, training and have a more rigorous schedule.>>> american airlines says it will ground it's boeing 737 max just through november 2 two months longer than its earlier target. it has been reset five times. the faa says there is no assurance they will be back in the skies before next year. boeing is trying to reassure airlines it will be ready. the process of developing and certifying new software and tr

i had a playstation, xbox and nintendo! what about you, simon?game i played! what you make of all this? my son used to play these games all the time. what was your policy? it stopped him causing trouble elsewhere, to be quite honest, no problem at all, i didn't see how it was any different from when i was a teenager, playing records, bland and obnoxious and your parents hated it, thatis obnoxious and your parents hated it, that is the whole point. isn't it a bit dangerous when you are talking about the monetisation in this, a bunch of children thinking that they are going to make millions from this? most i2—year—olds, they all know what this is about, they all wa nt to know what this is about, they all want to be part of this final. 0k, soido want to be part of this final. 0k, so i do understand that there is the issue of it being monetised, but the idea of people playing the games and enjoying them, i don't see what the issue is. i think that is what it comes down to. if you are offering monetary gains to minors, it becomes a little different, b

nintendo helped shares surge. nn resortsts -- wi announcing $200 billion expansion plans.els,feature two interactive sculptures, gardens, and a construction space. asia division, budweiser brewing, will price its ipo at the low end of the market range. they are offering 1.6 billion shares. ipo ofll be the biggest the year. oversubscribed to since last week. the offering is expected to value the unit at 64 billion u.s. dollars. >> let's go check on markets. thcing some key factors. we saw yields lower. u.s. futures slightly higher. looks like we are set to break above the 300 level on this thursday. gold futures, a leg up. has beenbaht interesting, flirting with a six year high. the bank of thailand is wary. >> the last thing they needed was the fed chairs saying what he said. sending a stronger currency. for an economy that is not doing as well as they wanted. exports are going to get dampened. it has been a problem. the boards, the latest. the latest in korea and japan. we have a date when they will be talking. tomorrow. i think you can see, it is pushing up. samsung up 2

and now mueller is like we only hung out because he had a nintendo, okay?r ) in defense of that republican congressman, i get why he was so into this. it's important for him to make this distinction. he was like just abuse you work with someone doesn't mean your friends. because i'm not friends with ted cruz! you hear me! i am not friends with ted cruz. so after seven hours of testimony, the truth is we didn't learn anything new. and to be fair, robert mueller warned us about this a couple of months ago. he said if you call me to testify, i won't tell you anything new. so he spent most of the hearing today telling the rest of us to do our homework. >> when you talk about the president's pattern of conduct, that would include the 10 possible acts of obstruction that you investigated, correct? >> i direct you to the report for how that is characterized. >> did mccgahn do what the president asked? >> i refer you to the report. again, i send you the report where that is stated. i refer you to the-- the report. i direct you again to the report. i refer to the re

top of their game console makers microsoft sony and nintendo have joined forces against the trump administration's new tariffs on goods from china. the video game console supply chain has developed in china over many years of investments by oil companies and our partners it would cause significant supply chain disruption to shift sourcing entirely to the united states' referred country and it would increase costs even beyond the cost of the proposed tariffs on products that are already manufactured under tight margin conditions 96 percent of game console sold in the u.s. are made in china console makers state a 25 percent tariff could harm industry that employs almost a quarter of a 1000000 people they add that the prices to consumers will rise which would lead to a fall in sales worth an estimated 350000000 dollars a year gamer and technology expert artur louis told us that donald trump underestimate how harmful his tariffs will be for the u.s. . the. president trumped dawned on the stand oh i don't know 60 percent of adult population us game players gamers community are made are united on the si

keep an eye on stocks including sony and nintendo reporting earnings.y day when it comes to earning results. >> it certainly is. you did mention samsung. let's check in on that stop everyday kospi heavyweight, a bit of a bellwether for south korea as a whole. -- let's check in on that stock. half chip recovery. maybe signs of a bottom inditex recovery. beatinguarter profit, estimates. they did cut their sales forecast. we will keep an eye on that one as trading gathers steam in japan. let's check in on the first word news in new york. >> more tension on the streets of hong kong tuesday night. hundreds of protesters gathered around a police station. -- this was after local media said 4040 people -- 44 people were charged with writing. carrie lam painted a bleak picture of hong kong's economy. sterling continues its miserable run, following a fourth day in growing concerns the u.k. is about to crash at of the european union at the end of october. boris johnson suggested there may be no new talks for brussels, saying it is in europe's hands whether the u.k

best games will be entered in a national girls competition where judges from xbox playstation and nintendoecide the winner. the fun is in the creation. >>> sums kids fischool boring. you are learning something. that makes it fun.>> reporter: like not having boys around. the games become more action- packed.>>> boys usually have in this industry they have the most opportunities to get these coding jobs engineering. but now that we have this new camp girls might get. it helps us get a boost. about she is helping design a game about a teenage girl going through various stages of her life. >>> it deals with the trouble of her life. such as the quality sexism things like that. they want to make games about . building empathy. about helping people understand each other.>> reporter: theme designers. those were able to crack the glass ceiling.>>> shouldn't be just based off of your gender. it should be something everyone should be able to enjoy.>> reporter: the hope is to create confidence in these girls. confidence in them creating ideas pursuing it in the gaming world and perhaps in life.>>> gir

nintendo reporting fiscal first quarter profits that missed the lowest estimate.rs didn't care much for the japanese company's lineup of new games. nintendo says operating income fell about 10%. it left its full-year forecast unchanged. capital ones has a massive data breach exposed personal information of 160 million people in north america. a former amazon employee has been charged. servers rented from amazon's cloud services unit stored the data. capital one says it is unlikely any of the data was used for fraud. i'm viviana hurtado. that is your blumberg business flash. alix: feeling better about -- your bloomberg business flash. alix: i'm feeling better about that. time now for wall street beat. first up, citi cutting hundreds of jobs this year. analysts say it won't be the first. then, a new ceo moving past a scandal that triggered an exit us of investor cash last year. and jp morgan is gearing up to take on the world's largest bank, china's biggest lender, icbc. david: joining us now is so and basak. -- is sonali think one of the things that is disappointin

but you grew up playing nintend nintendo. >> mega man. >> these are not athletes.n? this is never going to happen. >> i'll say this. >> do you think any of them have girlfriends? playing video games? how do you meet anybody playing video games? yeah, digitally. you don't actually meet them in person. you can say, here's a console. i'll play you. get outside and play. >> would you rather have your daughter date a jock or a kid playing video games? >> dana: video games. >> i will say that if you go to professional sports, there's more gambling. now, they are >> if you were actually a fan, unlike jesse, they actually stream at bars, at home. plenty of things to do. ♪ great riches will find you when liberty mutual customizes your car insurance, so you only pay for what you need. wow. thanks, zoltar. how can i ever repay you? maybe you could free zoltar? thanks, lady. taxi! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ lick fast like a cookie dough ninja. apply that same speed to the ford hurry up and save sales event. for the first time ever get 2

we'll be watching reaction in tokyo later to nintendo's dismal quarterly results.ts missed the lowest estimate. then tendo is still positive that it can meet its full-year forecast. it blames the quarterly results on more than $100 million. google is ramping up its effort in the cloud in a bid to catch up with amazon and microsoft. it unveiled a partnership with a software maker. it will help customers who want to move the work from corporate servers to google's clouded. those are the top global tech stories we are watching. paul: thanks. asle surged after the bell the revenue forecast for the court quarter beat estimates. john has been going over the numbers and listening to the call. what are the key takeaways? what has tim cook been saying? john: number one on my list is china where apple booked a much better than expected quarter. sales were down 4%, but this compares with high double-digit declines in the last two quarters. in my view, we are seeing improvement in a key region that accounts for about 20% of sales. i would say this -- iphone sales were little b

nintendo has launched a cheaper model of its handheld gaming console.will cost $100 less than the original. coming up, moving up the cup -- corporate ladder. amazon is spending money to reach rain its workers. and a reminder, we are continuing to remark -- wait for whorks from president trump will adjust his controversial effort to at a citizenship question to the u.s. census. you're looking at a shot of the rose garden there. we will bring you those remarks as we get them. this is bloomberg. ♪ hey! i'm bill slowsky jr., i live on my own now! i've got xfinity, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity again? you're so cute when you get excited... anyways... i've got their app right here, i can troubleshoot. i can schedule a time for them to call me back, it's great! you have our number programmed in? ya i don't even know your phone anymore... excuse me?! what? i don't know your phone number. aw well. he doesn't know our phone number! you have our fax number, obviously... today's xfinity service. simple.

intended to is moving some of its switch production to vietnam -- nintendo is moving some of its switchction to vietnam, saying its target of sales may not be affected. an tendo currently makes all switch consoles in china. yvonne: taking a look at markets right now. we have seen a little bit of moves after carrie lam talked about how the extradition bill is basically dead. , some losses,ring and now we're seeing the slide on the hang seng. main shares in mainland china are also lowered by .2%. mutedur large caps are after a ugly day -- and ugly day -- an ugly day. we are watching japan and korea, a trade spent. -- spat. won has rebounded a bit at 11.79. the dollar-yen, also some risk on the moves -- risk-on moves. these were some of the stocks pressured by the chip material export curbs. they are rebounding. having a bad day here. we are getting close to 20% losses after that profit warning. we see more banks downgraded the stock as well. we saw a bit of a rebound here with this sports company after some came through saying they were conservative. they came out saying the allegations a

that quarter profits missed estimates for nintendo. operating incomes fell about 10%.l-year forecast unchanged. apples investor call currently underway. ceo tim cook given a glowing review of how wearable devices fared in the second quarter. more on apple, coming up next. quartersolutely blowout for wearables. accelerating growth of over 50% and a new high watermark for $11.5es, a new record of billion. when you step back and consider wearables and services together, two areas we have invested in the last few years, they now approach the size of a fortune 50 company. ♪ this is bloomberg technology. i'm emily chang. apple shares in the creep after reporting third-quarter results. services the main theme of the quarter, a fifth of total sales. the call still underway with tim cook, extending the company's plan for the new apple credit card being launched with goldman sachs. >> transit integration is a major driver of a broader digital wallet adoption and we are going to keep up this push to help users leave their wallet at home in more instances. thousands ofnote, apple

a few years ago by the brother got his first videogame system and i think it was nintendo, super mario bros. that is one thing that sunnyvale is known for but a lot of people don't know beyond that. we sent right now caught out and around the see -- frank mallicoat around the see and give us the results, frank. >> reporter: i'm not far away from you and we will get to the trivia in a moment. i met the metro city restaurant and that maybe the best eggs benedict i have ever seen. have you taken a bite yet? >> a little bit. >> reporter: she has been patiently waiting but you y, al it is a great time down here on murphy avenue, by the way. this city has gone through a lot of from agriculture 63 years, believe i not. he said 53 years ago he would hunt doves and jackrabbits a few blocks from here. getting back to the trivia one wanted to know how much the folks of sunnyvale really know about their town and here we go. >> reporter: one thing that started the gaming craze it was developed in the bar and sunnyvale and can you name it? >> i'm sure you have played paying -- ping blank. >> that is

the nikkei says other tech giants including microsoft, sony, and nintendo are also looking to move manufacturinga. last month, bloomberg reported google has shifted much of its production of u.s.-bound motherboards to taiwan. paul: a former goldman sachs banker links to malaysia's 1mdb scandal has been banned from hong kong's banking sector for life. he is accused of working with a malaysian businessman to divert billions of dollars from the state investment funds and has already pleaded guilty to u.s. charges of conspiracy to launder money. bery: coming up, we will joined by a partner at nobuko k at thei as we look outlook for japan's retail sector. plenty more in the next hour. paul: let's get a quick check of how the markets are trading as we look to close out this hour ." "daybreak australia futures in australia pointing higher by .3%. this is after we saw another solid rally on u.s. equity markets. take a look at the aussie dollar, though. the central reserve bank of us trail you has cracked through the 7% barrier -- the central reserve bank of australia. trade balance thursday, largely tha

microsoft, amazon, sony and nintendo are also looking to videogameve some manufacturing out.ar, apple hinted it might have to raise prices because of tariffs on products made in china. as we mentioned, t-mobile is on the cusp of securing approval for its merger with sprint. this after establishing a rather general outline of asset sales according to people familiar. , the justice department is hammering out final issues ensuring this can become a strong competitor in the u.s. market. joining us now to discuss is a technology and media consulting firm representative, michael wolff. he was also a former yahoo! board member. you are a man who knows content and communications. what do you think of the chances of this becoming a real competitor? >> i think dish -- one of the things it has going for it is dish has 9 million tv subscribers and being able to add another service to this those people is going to be rather easy. dish hasman of basically been the spend gully of spectrum. -- svengali of spectrum. they are likely to get off to a great start. they are not likely to be hampe

when i was a 15-year-old i was trying to beat people at nintendo 64. is playing at wimbledon. >> she is really rocking it. >>> andy, some people wonder if that rapinoe pose will be the air jordan logo for women's sports. i hope it is. it is a beauty. >> that's a great moment. >> we'll remember it. that's for sure. >> great performance. >>> turning now to iran, how will the u.s. respond to tehran exceeding the uranium enrichments it agreed to in the landmark deal? president trump gave a first indication last night. >> iran better be careful because us enrich for one reason. i won't tell you what that reason is. it's no good. iran better be careful. >> iran's move comes one year after the u.s. withdrew from the deal. fred pleitgen is joining us this morning. you categorize this as significant. >> reporter: yeah, you're absolutely right. it is certainly a significant move on the part of the iranians. they said they were going to increase the amount of low enriched uranium that they are stockpiling. now they're increasing the enrichment level. they're goin

last year nintendo sold 17 million. amazon starting with $1 trillion valuation again after posting a seven day winning streak. this today's close seeing its market cap rose to $993 billion, a gain of less than 1% would push it above the 10 figure mark. global news, 24 hours a day, powered by 2700 journalists and analysts in more than 120 countries. this is bloomberg. much.ne: thank you so fed chair jay powell has made it clear he is preparing to cut rates for the first time in a decade. no sign of overheating in the jobs market at home. here are some highlights of his congressional testimony. >> the overall economy is performing well but we see what we call crosscurrents, principally trade developments and concerns over global growth. .e see those many participants saw those as weighing on the outlook and calling for possibly more accommodative policy. 3.7% is in low -- is a low on up limit rate. to call something hot, we need to see some heat. we see a lot of reports of companies having a hard time finding qualified la

. >>> before the holiday season, nintendo will have a new game console. less expensive version of the switch. it can be a traditional gaming system, but the price, that starts at $199. about $1 00 cheaper. switch light will hit stores on september 20. >>> time is 7:54. here's today's opening bell. it started the trading day on wall street. shares were mostly higher today. after an up and down turbulent day on wall street yesterday ended with the dow closing at a record high, crossing 27,000 for the first time. meantime, china's imports plunged more than 31% in june. exports to the u.s. dropped almost 8%. after rounds of tariff hikes by the u.s. and china. now, trading has been underway for just over an hour. the market, you can take a look at it. the markets are up this morning. we'll keep an eye on it for you throughout the day. >> time is now 7:55. the biggest teacher's unions in the country is suing the department of education over a program designed to forgive student loans for public employees. the american federation of teachers filed a federal laws

you can get a nice hd tv a nice big hd tv even a 4k for 3 or 400 up to a play station or wii or nintendoxperience and if you get a tv big enough it is going to feel somewhat immersive. but i think hollywood has to make tv shows for vr headsets specifically. like 3d tv so like it didn't work out. but if amazon they have that will built in audience. so if you like to shop you can turn your shopping habit into a dream job. retail me not is looking to hire a shopping specialist. one person will get 5,000 for a week to shop at stores featured on app and website and guess what you can keep everything that you buy too. [laughter] yeah. and brett do you have a dog or cat? >> i have a dog. so i have a cat lauren -- >> i've got nothing. i've got kids. but apparently run out of thing to study and talk about on television. cats are fatter than they used to be it turns out that is not my cat. researchers say domestic cats have gained half a ponged since 195. cats reach peak weight at 8 years old as prone to get diseases leak we do diabetes, that's body shaming. and milo is not overweight. >> no body

week of earnings just today you will get results from companies like apple, samsung, mastercard, nintendowhat does this matter in the face of the fed? you are a stock guy. you like to dig into those numbers. you got the numbers. you also got the federal reserve. do the numbers for the quarter matter or is it really all about the fed right now? >> everybody expects the fed to lower rates. that's -- >> is it priced in >> we think a lot it it will give a positive bias in terms of the earnings season, it's coming in pretty good 75% of companies are beating expectations, in line with the past few quarters. >> in the top or the bottom line >> on the bottom line. on the top line the beat is 55% to 60% the outlooks have been more cautious few if any companies are talking about interest rates being too high while the fed is lowering rates, that won't really help business. companies are warning about trade with china and that's slowing the global economy and causing them more pause. >> how much of that bottom line cut is because of massive buybacks companies keep buying back their own stocks, makin

for judges from xbox, playstation and nintendo pick winners. it is a way to give girls a taste of designing games. >> when i started my game studio it was almost impossible for me to find women developers. it turns out that there is not many of them to look for. that is where girls make games summer camp started out. >> the camp builds confidence for creating ideas and pursuing ideas in the gaming world and in their everyday life. >>> we want to get you out the door heading to work and hoping for that friday light traffic. ellie rasmus is in the traffic center in for sal. what does it look like? >> i knew what you meant. overall it is getting busy and there are some problem spots. we want to let bert writers know that there was an earlier equipment problem so there is a 10 minute delay. now we can go to the map. a couple of problems to tell you about. we don't go to the north bay commute this late in the morning because the super commute has died down but there is a problem on westbound 80 in fairfield and texas street. there is a crash blockin

best games will be entered in a national girls competition where judge xbox, play station and nintendoind the win engineer some kids find school boring but in this camp, you are learning something that makes learning fun. >> reporter: the girls say they like not having boys around. the dynamic shifts somehow and the game become more action packed. >> boys usually have in this industry and in our world that they have the most opportunities to get these coding jobs, engineering, things like that. now that we have this new camp, girl make games, it really helps us get a boost up. >> reporter: this 13-year-old from softer city is helping to design a game about a teenaged girl going through various statements of her life. >> it deals with the troubles of her life such as like equality, sexism, feminism, things like that. >> they want to make games about making the world better, about building empathy, about helping people understand each other. >> reporter: the campers also hear practice female game designers, those who were able to crack the glass cerealing. >> it shouldn't be just based o

the best games will be entered in a international congress the blessed contest were xbox and nintendohe winners . >> some can find school boring but in this camp, you are learning something that actually makes it fun. >> reporter: the girls say they like not having boys around. >> boys usually have in this industry and in our world, but they have the most opportunities to get these coding jobs, engineering and things like that but now that we have this new camp, girls make games, it really helps us get a boost up. >> reporter: this 13-year-old from foster city is helping to design a game about a teenaged girl going through various stages of her life . >> it deals with the troubles of her life like the quality such as feminism and stuff like that . >> they want to make games about making the world better, building empathy, helping people understand each other. >> reporter: the campers also hear from female game designers , those who are able to clap correct thceiling . >> it shouldn't be just based off of your gender. it should be just something everyone should be able to enjoy. >> rep

. >> not only can you play from north america to asia, but it's on all platforms so you can have nintendoandroid phone and you can all compete against each other at the same time and fortnight is one game that has been able to do that. >> dana: i saw that espn hired two reporters to cover -- to follow the media industry and you were a part of that. esports revenue is at $152 billion. it has to be growing. >> i was the guy you were watching. esports has been growing at a huge pace these last few years ever since the last remaining with twitch, live streaming in general is a huge platform and esports has taken that technology and these video games at the most-watched thing that the entertainment industry has. >> dana: i met a guy who was a snowboarder and then he was a consultant to the gaming industry to tell them if they were doing it correctly and making it realistic. her parents that are worried about screen time and then they see the 16-year-old winning $3 million at a tournament where people paid a lot of money to watch them. >> patience should be aware of what their kids are doing an

. >> when i was 15 years old i was just trying to beat my friends in nintendo 64. continues to beat some of the best tennis players in the world. she's going to have her toughest test today. she's going to face sa mo halup. she doesn't turn 16 until march. and check out how happy she was to get shoutouts on social media after her last win. >> y'all. first of all, snoop dogg posted me. okay. miss tina knowles. the miss tina. beyonce's mother. the one who birthed two queens. >> that is just pure joy. coco takes the court at about 10:00 a.m. this morning. team usa on their way back home right now. they left their hotel in france a few hours ago. the team is going to celebrate their world cup title with a ticker tape parade in new york on wednesday morning. alisyn, that does not take you much time after "new day" to get your place down there. >> i do need your help on what one wears to a ticker tape parade. text me that. >> will do. >> red, white, and blue. >> okay. i've got that. i have that. >> go for it. >> flag dress. got it. >>> they fought to win on the field now

the best games will enter a national girls competition where judges from xbox, playstation and nintendo the winner . >> some kids find school boring this camp you are how and the gave games become more action-packed. >> boys usually have this industry and in the most opportunities to get these coding jobs, engineering and things like that but now that we have this new camp, girls make games, it makes us helping to get a boost up. >> reporter: this 13-year-old is designing a game about a teenaged girl going through various stages of her life . >> it deals with the troubles of her life like the quality, sexism, feminism, things like that. >>> they want to make games about making the world better, building empathy, about helping people understand each other. >> reporter: the campers also hear from female game designers, those who are able to collect crack the glass ceiling. >> it should not be just based off of your gender. it should be just something everyone should be able to enjoy. >> reporter: the hope is to create confidence in these girls, confidence in them creating an idea and purs

lauren moore tweeted out that everyone on board this light from dallas love field airport got a free nintendowitch console and copy of the game mario maker 2. the flight agent was wearing a mario hat which is cute. >> that's cool. what's this face? >> i'm jealous. >>> still ahead on abc 7 mornings. >> it's looking like voters in san francisco will see thing on their ballots in november about adding an extra tax on top of the charge for uber and lyft rides. i'm jobina fortson live in san francisco with the details. >>> we do want to bring this alert for commuters. what a mess. a leak is causing big problems a leak is causing big problems at the embarcadero sta oh thaphenomenal!, that's unfair. that's so unfair. c'mon jay-bo. let's go. let's go. woahh! try my $4.99 bbq bacon double cheeseburger combo. only at jack in the box. ♪ try my $4.99 barbeque bacon double cheeseburger combo. >>> new at 6:30. looking at this. our breaking news. an incredible site at the embarcadero station this morning. that is water pouring from the ceiling onto the b.a.r.t. tracks. b.a.r.t. and muni service is impacted.