. >>> sony has plans to reveal two new playstation 2 models next month. they will show off a brand new standard version of the playstation h console alongside an upgraded version that josh benson will be ri of come christmas time. i don't know if you're going get three of them. >> vision goes way back. like atari days. >> atari i understand. yeah. >> we have a lot coming up at 5:30. bay area parents challenging state assessment tests. >>> a tiny child trapped in a boat in dark waters could have intervened. >>> right now on news channel 8 at 5:30. >>> parents from three bay area counties in a tal ha see courtroom today on behalf of their kids. challenging a state law that could force their third graders to be >>> i'm jen leigh. >> and i'm josh benson. thanks for being with us. >> that story from the capitol tonight and state law requires that third graders who don't perform well on tests be held back and it is now under fire. parents from hernando, sarasota and another county are fighting back.

first, sony getting ready to release two new playstation models. here's abc's kendis gibson and diane macedo. we'll have that after this >>> in "tech bytes," sony set to announce its newest additions to the playstation family. >> the company is launching a slimmed down version of the ps4 and coming up with a high end system known now as project neo. the consoles are set to debut next month. >>> despite e-readers being in so many american homes book lovers are going low tech again. >> sales are physical books are at the same time sales of ebooks are down for the first time since they existed. >>> barbra streisand so annoyed with siri for mispronouncing her name she went straight to the top. >> she called the apple ceo tim cook, so when the i-phone updates next month, siri will no longer say it with a z sound but a soft s for streisand. >>> 5:44. we're following this breaking news overnight. wikileaks crusade to expos government secrets and corruption is now compromising the privacy of hundreds of innocent people. the associated press reports wikilea

>> with our company, games is what we're leading with, playstation.ready have the playstation store where you can go and get content. a lot of developers are working on creating experiences that can be downloaded. at the beginning you'll see mostly games but into the next year you'll see more things that go into areas that are not completely games. >> like 360-degree video content? that's easier for somebody who maybe isn't a game studio, to get the investment to create, right? >> definitely 360 video will be some of the things. also things that are teaching you about like nasa is doing some experiences and there's a lot of educational experiences that are coming let you feel like you're in ancient history world, ancient egypt, let you visit it. it will be a big hit for vr in the future. >> be very interesting to see how this category evolves. coming up, mark hainey stops by with his take on state of tech. later, why landing a job at google in just 15 weeks is no problem for these coders. more "squawk alley" when we comes back. [announcer] is it a for

strength in its playstation division outweighed --.after the hit game pokemon go dropped from the top of cap download charts into pan. -- charts in japan. the company has said it does not expect a major earnings boost from the app. itasonic has plunged after reported a worse than expected first-quarter earnings. net income fell from the same period a year earlier. it plans to sell nearly $4 billion in bonds. banks to look into the sale of notes. a group is scaling back its buying spree in china. it is focused on getting leaner. the ceo spoke to bloomberg television. >> we have ample capability to groups rating.t this has become our strategy. nejra: that is the bloomberg business flash. elliott gotkine sat down and asked if donald trump would be good or bad for israel. >> you think whoever becomes president will be the same as usual or do you worry about his comments about muslims and immigrants that maybe this is not someone that would share the same values as you would feel are part of the soul of israel. >> i do not want to get invol

it happened the parma heights playstation carn back down, did a full 360 then crashed into this telephone pole into a crowded dance for, vintage shows the car out of control. the 74-year-old femal driver hit the gas pedal instea of the brake pedal crashing through barricades onto the dance floor beforec hitting a people dancing to frank sinatra and dean martin, sending six to na hospital happened during a city sponsored summer concert series and greenbrier commons next to the parma heights playstation consoler an office who art screens responded quickly one victim, his girlfriend is in intensive care said that happen quickly. >> > , before i could pick myself up like i was in quicksandf to see what happened. >> asking for prayers. >> appears to be a terrible accident, charges are pending against the driver who is not yet been identified. >> v lorain county teenager and his parents are suing the sheffield lake schools over the districts drug testing policy. jack shea reporting sides and joins us with the story. >> thjo school district says the policy designed to identify students who need

. >>> playstation fans somewhere a reason to celebrate.portedly has plans to reveal two new playstation 4 models next month. according to "wall street journal" sony will unveil a new standard version of the current playstation 4 console along with an upgraded high-end version. >> when it comes to cyber bullying teens are more likely to victimize people they know. penn state researchers analyze surveys from nearly 800 students in new york city and they found kids were more likely to be targeted by friends or dating partners than by strangers. and girls were twice as likely to be bullied online than boys. now you may want to encourage your teenagers to eat healthy rather than worry about their weight. new research shows teens who focus on eating right are less likely to be obese and have an eating disorder. doctors recommend that parents discourage dieting and promote a positive body image, have more family meals and avoid talking about weight. >>> a new drug could be the breakthrough in treating osteoporosis, a disease that can weaken bones

just in time for the kids' christmast wish list...sony reportedly plans to introduce a new playstation 4 standard model, along with a high-end version next month.the company is trying to maintain demand for the top-selling game console, hoping to atract both hard-core fans and casual users.sony earns revenue from subscriptions and game downloads. security guard! we are live with the latest... amber heard - handing over her ?entire divorce settlement... the details on who she's a security guard - a security a security a security guard - answering questions right now...after pulling the trigger in a deadly shooting.and that's not the only case police are investigating this morning. the olympics may be over...but for ryan lochte - the trouble his punishment.. punishment.. she's the ex-mrs...johnny depp...but this morning - amber heard has a new title... philanthropist.what she's doing with her divorce settlement...all 7 million dollars all 7 million dollars ???adlib & toss jimmy

it's a playstation meeting analysts speculate that it will unveil a successor to the playstation or calledget it out before the big holiday shopping season. people already starting to shop september 7th also big event for apple . apple has also invited people to an event on december -- september 7th expecting to be the apple iphone seven. you hear a lot of analysts and people talking about what is apple going to have in their next phone that we don't already have. it will be very interesting. >>> the san francisco giants have now dropped into a tie with the dodgers. matt moore made his second start as a giant and allowed two runs in the first innings which the marlins needed. defeated three pits and a ballgame. the series finale this morning and then the giants for the plane come back to san francisco. >>> the oakland a's have 12 and a row they beat the baltimore orioles last night to -1. the a's escort all the runs of the game in the third inning. zach neil allowed one run in the third inning. >>> this picture here is getting a lot of love on our histogram page . police in italy responded

both are expected to be slimmer than previous playstation consoles. the company is hoping to attract hard-core fans and casual users. >>> kobe bryant is back in the superstar retired after this last season is launching $100 million venture capital fund to invest in tech, media and data companies. kobe's current investments include sports media website the players to be in and legal services firm legalzoom. >>> now, a medical report. osteoporosis causes bones to weaken and can lead to fractures and a new drug may be about to change the way osteoporosis is treated. this drug does not have a formal name just yet. when injected daily, it reduced the number of fractures in osteoporosis patients. doctors say it increases the density of bones. >> the ability to improve bone quality is a new concept. that is what this agent does. >> the 18 month drug trial involved 2600 women pick the journal of the american medical association. there is no word on when it will be available.>>> still ahead, the miracle in the making. >> a young boy with a serious illness lear

thanks to sales of playstation's another software.ceos decision to focus on media and entertainment. they aim to cement their leader for microsoft and nintendo by logic and mike -- a virtual reality headset. here today gains around 13%, beating the broader market decline. rishaad: we are going to turn to one of china's most hungry groups is scaling back of purchasing spree. snapping up assets from club med to cirque du soleil, now focusing on getting leaner. we sat down with funders in china last week. heidi, what is behind this strategy? it is quite the reverse of by a company that has coughed up $15 billion in acquisitions since 2015. it now plans to dispose of up to $6 billion across property, stock holdings. all of this is to get the credit rating upgraded. rating currently three notches below investment grade and duties. the ceo acknowledges that leverages the company is high, debt increased on a 70% last year, the company now has more debt than equity paradigm emerging from that junk status insurances in particular. this is a pr

you have sony playstation coming october, playstation vr, google daydream coming out in .ctober as welll of those platforms a hit and you see a substantial number of vr glasses in the marketplace by the year-end, i think people might be a little more interested to invest at that time. some are already. there is the classic chicken and the egg problem here. i was talking with folks from sequoia who associated vr with what they call in the industry "the trough of disillusionment." he said he very much believes we will not see the are go mainstream anytime soon and there will be a longer time before investors and even consumers get the gratification some might be expecting. how would you respond to that? guest: i think as of today, he's probably right. there are not many -- when you compare it to television or other devices, mobile devices, there are billions of mobile devices. hundreds of millions, maybe a billion televisions there. when you look at the vr glasses out there, there are very few. fortunately, we have the biggest companies in the world from electronic companies to samsung, -

sony expected to unveil an updated version of its playstation 4 console.l street journal says the company will introduce a high-end version of the platform. they expect to make an announcement at an event next month. the vote to leave the european causedwo months ago has uncertainty for businesses. withs only land border another country is between the republic of ireland and ireland. that means irish shoppers can get more for their euro north of the border. that is bad news for companies that depend on importing goods from ireland. reporter: looking to snatch a bargain? near the border with ireland, irish shoppers are flocking north. the brexit has driven the pound down to record lows, making shopping in northern ireland cheaper than ever. >> i came to buy a large item that was priced at home around 550. i got it today for 299 sterling. >> we would have weekly customers coming across the border anyway. but the frequency of their visit as probably increased. they are coming from farther afield. reporter: that is where the good news stops. retailers who rely

. >>> if you'd like to give your playstation an upgrade hold aout a few more weeks. sony will soon reveal two new versions. the standard version will be slimmed down. and the high end version will be able to stream 4k video. >>> when you've been cheated. when you need help. she's on your side. better call ben kwen. >> invest ga -- behnken. >> shannon behnken is looking into unexplained omar mateen sieve water bills -- unexplained massive to figure out where the water went they called shannon. >> jenna bright is furious about this unexplained water bill and the 94,000 gallons the water department claimed she used in one month. >> if i was bathing shamu in my pool. i mean how could you use 94,000 gallons in one month by one person. >> professionals found no leaks with the water department's response. >> nobody seems to care. they just don't care. you get the run around. one person tells you one thing and then somebody else tells you something else. >> she's not the only one questioning water bills. for weeks residents have been calling behnken including chris fink who

you've got sewmy playstation coming out in october. playstation v.r.'ve also got google, daydream coming out in october as well. i think when all those platforms hit and then you see a substantial number of v.r. tpwhrasses in the marketplace, by year end, i think people might be a little more interested to invest at that time. there have been some already. emily: there is the classic chicken and egg issue here. i was talking to someone at the venture tap tall -- capital firm sequoia, who talked about the trough of disillusionment. he believes we're not going to see v.r. going mainstream any time soon and there will be a longer period before investors and even consumers gets the gratification that some might be expecting. how would you respond to that? >> well, i think, as of today, he's probably right. because there are not many when you care it to television or other devices, mobile devices, there's, you know, billions of mobile devices in the marketplace. there's hundreds of millions, maybe billions, of televisions there. when you look at the numb of

they say the playstation division overestimated the loss from the earthquake which shut down the siteigital camera production centers. pokemon go dropped from the top the videogame charts in japan. nintendo says it does not expect a major earnings boost from the app. panasonic shares have plunged in tokyo after it recorded first-quarter earnings on friday. the firm says it plans to sell inrly $4 billion in bonds seven banks including goldman, to look into the sale of 5, 7, and 10-year note. the group is telling back is buying spree. it is not focused on getting leaner. the ceo spoke to me recently here on bloomberg television. the believe we have capability to get investment-grade ratings. clear thatis crystal this has become our strategy. haidi: that is your bloomberg business flash. anna: thank you. former israeli president shimon peres says donald trump's suggestion that the u.s. would not defend nato allies unless they pay would be a mistake. he said he did not want to be directly involved in u.s. politics, but that america became a world superpower by making friends, not enemies.

sony is getting ready to release two new playstation abc's kendis gibson and diane macedo have today's tech bytes. right now at 5:30. zika alert! what happened while you were ♪ hey, is this our turn? honey...our turn? yeah, we go left right here. (woman vo) great adventures are still out there. we'll find them in our subaru outback. (avo) love. it's what makes a subaru, a subaru. get zero percent on select subaru models during the subaru a lot to love event, now through august thirty-first. stop the mosquito borne virus from spreading right here in the washington area.. but first seven is on your side preparing your family for the first day of school. prince george's county students - among the more than 125-thousand returning to class today. we have team coverage pg's big day - john gonzalez live in prince george's county - but let's get started with with weather and traffic every ten minutes. retention policy: 2 year delete (2 years) expires: 8/23/2018 - cool start - another beautiful august day - hotter and more humid late week today: mostly sunny. cool start, warm afternoon. highs:

. >> the kids drew their dream playstations and we have this one of a kind playground so that kid, no matter what their abilities are, are able to play together. >> this is important to the community. >> reporter: all from work. >> everybody is out there having fun wearing great hats, >> i think it's amazing. we'll complete this from the ground up in one day. >> reporter: the best part, she likes it. >> it's like big and tall and bigger. >> reporter: in denver nelson garcia, 9news. >> the playground will officially open to the kids next week. the nonprofit kaboom does these kinds of projects all over the country. in fact, this playground is the 2,801st the organization has built in north america. >> the airport can be a from checking in security lines to taking off. dia has a team of therapy dogs to help calm nervous passengers. as of today, the cats have doubled that stands for canine airport therapy squad. the total is now 53. these squad members are trained to help bring a little calm to people. the new members were introduced the cats at dia wear blue and black checkered vests. >>

reportedly has plans to build two new playstation models next month. >> michelle: according to the show off a standard version of the current play station. i know it's kind of hard to see here. but you -- those who are fans know this is a big deal. they're going show it along side the upgraded high end version which sony described earlier this year. it's trying to maintain demand for the top selling video game console with hopes of attracting both hard core fans and casual users. >>> i'm still a fan of my >> krystal: super or original. >> michelle: i've got the original. >> krystal: do you still have to blow on the cartridge to make it work. >> michelle: this next story is going to make you go the pokemon go craze is officially hit mexico. what i want you to pay attention to is the video that we're about to show you. as you see thousands of people gathered in this park in mexico city to play the international sensation. watch how many of them are just literally, like, walking dead zombies looking down at their phone. i sahe [ laughter ] >> krystal: crazy right? look at them. this is all

his playstation three. >> anchor: the 7-year-old was walking only a few buildings down at his apartment complex. >>> i heard a splash so i saw from here. >> anchor: when he spotted something through the of the pool fence. >>> i saw this kid drowning he was like that, floating. >> anchor: a two-year-old face down under water, officials believe the toddler squeezed through the fence and fell in. >>> i was ready because i thought he was going to die so i ran to save him. i carried him out and then i went back to the bathroom and told the office. >> anchor: the office staff hurried to call 911. the 7-year-old stayed close as medics arrived. >>> they were doing that and doing that to his stomach to revive so he would be okay. >> anchor: first responders are calling him a hero. >> anchor: all right. wow, what an adult like thing for sufficient a young child to do. >> anchor: to jump into action like that and help save that little boy is great. >> anchor: there is another 30 you can join us for a little bit longer. 7 news at 6:00 starts right now. >> anchor: tom brady, getting personal. what h

they see catalysts like the new playstation, september 7th, playstation neo, october 13, playstationsome new games coming out. but we'll see. i mean that's hardware, software was a drag. e-commerce was strong for the quarter. and that's going to be the play, whether they can shift to digital. >> sure. >> and get more revenues out of that. i will say, this sort of demise of the physical gaming and video games, has been called for for a long time, has been a heavily shorted position and yet doesn't go away. interesting to see how the company continues to evolve and whether it can do so. >> and that trades under eight times this year's earnings. it's kind of priced for slow decline at least, maybe rapid decline, and, you know, that -- they've been cheating death as you say for a long time in a sense that, you know, the kind of data richness of the games is going up and not as easy to have it displaced by on-line versions. >> you mentioned loved names. ul ta, the beat and raise, com ups up 14.4, beats a 12.7 estimate. although the beat people argue not as big as it has been in recent qua

from playstation and software sales, which doubled. said to be keen to merge sprint with t-mobile. dropping the most in a month and tokyo. rocketing demand for air travel. that is the case in china. it doesn't mean carriers are running short of trained pilots. hire 100 a week for 20 years to meet demand, so they're offering skyhigh packages for foreigners with experience. we have the story in sydney. how much are they putting on the table here? enough to make you want to be a pilot is the short answer. the packages are well north of $300,000 a year. there are so many extras and time,on the table, over signing bonuses, contract completion bonuses. in some cases, the monthly foreign pilot in regional china can be almost $80,000, so handsome packages and way more than senior pilots are earning at u.s. airlines like delta. paying: why are they this much? what are they trying to do here? >> they are desperate for pilots. there is enormous demand for trained pilots because aviation in china is booming. the national fleet triple in just a decade, and the number of airlines has increased 3

his playstation three. >> anchor: this -year-old was wag a few building down "i heard >>> when he spotted something through the pool fence. >>> i saw a kid drawing. he was like that floating. >>> a two-year-old face dunn under water. officials believe the toddler squeezed through the fence and fell in. >>> i was ready because i thought he was going to die so i went, i ran to save him. i carried him out and then i went back to the d to the office. >>> office staff hurried to call 911. the 7-year-old stayed close as medics arrived. >>> they were like saving him doing like that to his stomach to revive like for him to be okay. >>> first responders are calling hmm a hero. >> anchor: the two-year-old is expected to make a full recovery. he is a hero. >> anchor: what a mature little boy. my goodness. much more to come on this beautiful friday in the next 90 minutes. a jadiann top son. >> anchor: 7 news at 5:00 starts right now. >> anchor: breaking news. a shark sighting off the cape has beach goers on high alert. his fight against the nfl. >> anchor: the opening ceremony of the 2016 summer game

. >> kt mcfarland thank you for being here playstation getting a reboot reports say, that a new model will be revealed next month more on what to expect from revamp straight ahead an epic journey this 93-year-old world war ii veteran completed a nearly 3 yearlong cross-country run, wait until you hear how far he walked and ran next. ♪ ♪ (announcer vo) who says your desk phone always has to be at your desk? now, with one talk from verizon... hi, pete. i'm glad you called. (announcer vo) all your phones can work together on one number. you can move calls between phones, so conversations can go where you go. take your time. i'm not going anywhere. (announcer vo) and when you're not available, one talk helps find the right person who is. hi, john. (announcer vo) so wherever work takes you, you can put your customers first. introducing one talk-- another way verizon connects your business better. learn how at onetalk.com. be overwhelming and complicated. that's why at cancer treatment centers of america, every patient gets their own care manager, to coordinate every aspect of their care. i

((kendisvo)) sony is expected to release an updated version of its playstation 4. ((diane)) the new video console supports ultra high-resolution 4-k content for gaming at media playback it may be called p-s 4 neo. it's expected to be unveiled facebook page has a chat-bot that will guide users through the process of sending a message the new feature is the fir government. ((kendis/2sh)) those are your tech bytes. ((diane/2sh)) have a great day. > high pressure from the pacific makes its way onto shore and with dry air to support it; we will fall back into a drying trend and a major heat up! today, high temperatures will stay rather cooler; ranging between 98 and 103 degrees valley wide. winds will be mild between 5 and 15 mph put of the allowing a burn time of only 15 min so wearing sunscreen would be wise today. still to come at 5-30.. a henderson man still rattled this morning. 9:13:49-9:13:58 "it was nerve wracking it was something i never thought i'd a henderson man still rattled this morning. 9:13:49-9:13:58 "it was nerve wracking it was something i never thoug

sony is set to announce its newest additions to the playstation family. ((diane vo)) the company is launching a slimmed down version of the p-s four. it's also coming out with a high-end system known right now as project neo. the consoles are set to debut next month. ((kendis vo)) despite e-readers being in so many american homes... percent this year... after being down drastically last year. books are down for the frist time since they existed. ((diane/vo)) barbra streisand was so annoyed with siri for mispronouncing her name that she did what any diva would do... she went straight to the top. ((kendis)) the singer called apple c-e-o tim cook. so when the iphone 'updates' next month, siri will no longer say "streizand" ... but streisand with a soft "s". ((diane/2sh)) those are your tech bytes. ((kendis/2sh)) have a great day. > looks like the las vegas valley and with most moisture holding to the mountains, rain chances will mainly stick to the spring mountain and sheep ranges with a small chance for isolated showers and thunderstorms to develop in the v

sony is planning to reveal two new playstation company is showing off a new standard version of the current p-s-4 console... alongside an upgraded high-end version.sony is trying to hold it's spot at the top with it's top-selling video game consoles the company hopes to attract both hardcore fans and casual users. still ahead on live at daybreak-- a final check of your weather and traffic together... and the four things you need to know as you head out the door.including... breaking olympic news this morning: the country that ?won't be represented ?paralympics in rio next month. let's take a look at tonight's prime time lineup....at 6-30 it's the now: milwaukeeat 7-- it's a two hour episode of america's got talent. at 9 it's the premiere of "better late than never" and your now it's time for your "four to know" this morning.we start with pete zervakis... he's live in the sherman park neighborhood with what's happening there today. feeding america is partnering with the boys and girls club here on sherman... to hand out free food to neighbors in it's an effort to reach out to the community..

oliver: i'm excited about sony's vr on playstation four.ks to the different demographic they are targeting. they're looking at vr for practical stuff. is that the idea here? a hard-coreu're gamer, you are more likely to -- sony's project morpheus whether that is in the form of short films or in video games -- google is taking a more mass-market approach. for the super consumer who tends to spend more on music and movies and all that. android is for the mass market. google is trying to do something very similar in virtual reality. it will let facebook take the uppercrust and they will go after everybody else. david: you see facebook buying oculus for $2 billion. cardboard. has its it is focusing on the services side. lucas: exactly. they have been working on their own pr -- vr headset, but they're more focused on the software side. which is why they have a company like samsung as a partner. samsung has partnered with facebook on the oculus and google on this. it wants anybody who makes a vr headset to accept an android device and run daydrea

the driver told police he was distracted and also cause the crash but recently he showed up at a playstation and confessed. he said he was mad after police and minnesota cited him for having marijuana. >>> a massage parlor accused of being a front for prostitution. two women arrested that were to the relaxation station. they say they used to suites to run any legal business. >>> a new milestone for phoenix airport for three months officials say there has been record-setting activity for last month 132,000 passengers travel through the airport. memphis is 7% increase. the turbulence one 2100 flights canceled since monday's computer outage. delta ceo says the airline is spending $150 million and technology upgrades. he says it is tough to tell if there has been an impact on short-term booking. >>> a hotel under construction burned to the ground. investigators don't know why the developer figured out what it means for the project project going in side lab. i am totally blind i lost my sight in afghanist. if you're totally bli, i am totally blind you may also be stggling with no24 calling 844-84

. >> playstation division, investors are now focusing n user growth ahead of the october launch of sony's vr headsets. havepore central banks been investigating a gsa' unit involvement with bond malaysia's vest fund. the monetary authority statement promising any ive action against institution or individual nvolved in anti-money laundering. the maf named four banks accused of serious lapses in money laundering control and in ed $177 million assets linked. chinese investors are agreed to $4.4 billion deal to buy n online games unit from caesar's entertainment. it makes casino-style games for aps, like facebook, virtual currency instead of real money and it will be taken over by a by shanghai giant network technology which ncludes a private equity fund founded by jack ma. coming up later on this bets. lays your getting set to release gaming revenue numbers and receive further signs of a rebound? we'll hear from one of the regulators, we'll ask our next guest while he sees uk negatives in the decision to leave the e.u. we'll hear from the deputy anaging director john lipsky just ahead. this

. >> we found out jennifer puente had pawned a television and a sony playstation in grand prairie, texasg in the grand prairie area for jennifer puente and j alvarado. joe was fromhere. >> grand prairie police department dealt with joe alvarado multiple times over the course of years. there was some fraudulent use of identifying information charges but i don't believe he had a violent history in grand prairie. >> we received a call in the early morning hours from one of the grand prairie officers. they located joe alvarado's vehicle at the cvs parking lot. the doors were unlocked. the car was dusty. it appears to have been plain and simply abandoned there. >> joe alvarado tended to frequent the area of north grand prairie off main street. it's known for drug trafficking, drug sales, prostitution. grand prairie dispatchers received an unknown 911 call from a pay phone outside a gas station up off main street. the caller wanted to remain anonymous. stated that the people we were looking for, joe alvarado and jennifer puente were staying at a hotel off main street. i'm driving main street.

sony planning to introduce playstation 4, unveil standard and high-end version of video game console.is expected to happen september 7th when the company holds a news conference. the australian construction company cimic announcing it started court proceedings in the u.s. against chevron seeking $1.5 billion in damages. the dispute over cost blowouts over structures cimic built on barely island. >>> resolving a dispute with volkswagen and parts suppliers. will be affected by shorter working hours across plants because of shortfall used in vw models. vw suppliers denied blame for the disruption and say they suspended part delivery to vw because of canceled contracts without any explanation or compensation. volkswagen up by 1 2/3 so far. >>> speaking of settlements jpmorgan settled long-running legal dispute with fdic and deutsche bank over washington mutual banking operations during financial crisis. jpmorgan fought over who liable for claims from the collapse. filed $10 million lawsuit over losses allegedly caused by defects in wamu's mortgage under writing. sued for fdic to endemify

profit from playstation sales more than doubled.ank is still content to merge sprint with t-mobile. they bought sprint in 2013 and considered buying t-mobile a year later before the justice department signal their opposition. neither presidential campaign has said who might be the new fcc chief. softbank shares are in a falling market in tokyo, following the worst in a month. cisco shares down in extended trading after confirming plans 55 hundred jobs. the company saying its savings will be reinvested in markets such as the cloud and connected services. served -- is switching focus to software-based network security and data sector products. havef: egypt and turkey let a second quarter's slump in demand for gold. only iran has shown gains in jewelry consumption. joining us is the chief executive officer of cgold. talk to us about what you have seen in terms of demand patterns. reporter: it is really a -- guest: it is really interesting, because we have seen huge etf buying in london and new york, safe haven flows into gold. but equa

they transformed themselves in a matter of months from kids playing playstation to hardened fighters believed that he can be removed. really. >> anthony: extraordinary. >> omar: yeah. >> anthony: how quickly after the uprising started did you begin to think that, "wow, this is possible, that we might actually win?" >> omar: the first day, when the uprise -- >> anthony: first day? >> omar: yeah. >> anthony: the day before, you're thinking, "impossible." >> omar: it's impossible. >> anthony: "we'll be stuck with this son of a bitch forever." >> omar: whatsoever. >> anthony: and then, a few hours later it's like, "wow, this might work." >> omar: seeing groups with you going toward the martyr's square, demanding their rights, at that moment, you feel that you can do anything, that this -- you can, you can, this can -- this is going to happen. everything, and if it didn't, well, i've died trying doing it. at least we've died like men doing it. ♪ >> anthony: so much has changed around town. so much is changing. new music. graffiti. these things, they mean something. ♪ [laughs] ♪ [call to p

. >>> and sony reportedly plans to roll out a new playstation 4 model along with a high-end version next month. they are hoping to attract both hard-core fans and casual users. sony earns revenue from subscriptions and game downloads. i'm landon dowdy. >> thank you, landon. >>> something made a lot of us say ahhh. >> we are gushing, we really were. >> in the newsroom this morning. it was the "today" show's brand new dog. >> did you see? take a look. >> oh! hi! >> there you go. >> how adorable? they're so lucky. that's "today's" new puppy with a purpose. look at that face. >> he's organization that trains dogs to support veterans and first responders. they have really helped so many veterans, especially wounded warriors who have come back and need that extra support. guess what, this little baby puppy does not have a name. just like the last puppy with a purpose, wrangler, you'll be able to vote for your favorite puppy name on today.com. >> so here are the choices. sarge, charlie and ace. i think saurrge. i kind of like sarge. so they're going to teach him how to heel and come and stay an

sony plans to roll out a new playstation 4 model along with a high-end version next month.pany is trying to maintain demand for the top-selling game console, hoping to attract hardcore fans and casual users. >>> all right. thank you. an app that should speed up your travei bwi marshall airport. it let's you fill your customs forms on your phone. the officer scans the qr code when you get to the front of the line. 18 airports use the app. you have to search mobile passport to download it. >>> only two weeks to go in the summer vacation season. if you are still making travel plans, you could be getting a deal. not only are gas prices low, but flights are at their lowest prices in several years. however, if you are planning on using your frequent flyer miles, better use them soon. >> they have change everything around and now suddenly you need to amass even more to get there. >> a lot of airlines are changing their terms for earning and redeeming frequent flyer miles. in some cases, they expire. make sure you double check and use them before then. >>> a northern virginia home

in fact he will never evene probably encounter another player it is available right now for the playstation for starting today.f >> i've never even heard of that before. >> think of putting that together to make a video game.e. >> i am waiting for matt and 2017,i. >> are you a bit big player? >> that should be fun okay. ra time this morning at 7:50 a.m. believe it or not it is back to school shopping. >> what each of the foreign you should look for in any backpack andnd the pediatrician from the cleveland clinic joins us in the 8:00 o'clock hour. right now we want to check in withh kenny crumpton kicking it with kenny hello. >> good morning. w what is this great fruits candy fruit candy adding comment?y and we will explain all of that when we back. kicking it with kenny good morning, everyone the platform boot brewing company is releasing brand spanking newat grapefruit shandy this is an old-school what an with an olympic racing track what they want to do is eventually get are that covered and do all tin foods are helping withse this as well good morning. it will be a really big to do comin

test its virtual reality devices in may and you could try it out whether best buy runs demos with playstation vr, which will be released in october. >> elizabeth: to quote bette midler, i want it all and i want it delivered. pea pod may be getting competition. amazon is taking steps to let groceries. amazon is working on creating driveup grocery stores. how about that, ock? shoppers would be able to order the groceries on linend a pick up the groceries at a site on their way home. easy, i love it. the click method would make it easier for amazon to sell the perishable items. amazon has been testing the home delivery services across the country. >> mark: your genes may determine how much coffee you drink. who were asked, how much coffee they drank each day. well, the findings show they carry a gene that limits cell's ability to break down caffeine, which means it stays in the body longer. study's author says people with this gene variance will need less caffeine to get the buzz than those without it. >> elizabeth: ironically, gene, no coff >> mark: first at 6:00 p.m., a young boy pulled from a

strength in its playstation division outweighed the impact of the earthquake which shut its main manufacturingite. fallen again after the hit game pokemon go dropped from the top of the app downloading charts in japan. the biggest decline in more than two decades. while pokemon go has been a social phenomenon, the tokyo-based company says it does not expect a major earnings boost from the apple. panasonic shares have plunged in tokyo after it were worded worse than it acted first-quarter earnings on friday. net income fell 64%. the firm says it plans to sell nearly $4 billion in bonds. it has hired several banks to look into the sale of 5, 7, and 10 year notes. one of china's most takeover hungry groups is scaling back. has snapped up assets in the last few years but is now getting focused on being leaner. believe we have ample capability to get investment-grade ratings. we invest strategically and tactically. that is your bloomberg business flash. juliet, fascinating stories out there. i want to give you a check in on what is happening with the futures market. we are ramping up into the open.

. >>> sony is getting ready to release two new playstation models. >> reporter: the company is launching a slimmed down version of the p.s. 4, and also coming out with a high-end system known right now as project neo. >>> so many american homes, book lovers are going low tech again and sales of physical books are up 6% this year after being down drastically last year. sales of ebooks are down for the first time since they existed. >>> barbra streisand was so annoyed with siri she did what any diva would do and went straight to the top. with a soft s. >> wells fargo has agreed to pay $4 million to settle a claim that it used illegal payment processes on student loans. >> the consumer financial protection bureau says wells fargo's illegal action says students encountered problems misinformation about payment options. >>> great news for riders on the commuter railroads. >> the app is now available system wide. passengers on the long island railroad can buy tickets and use schedules and get updates. >>> 5:27. >> coming up in our next half hour we are following develop in the newark in the se

sony plans to roll out a new playstation 4 model alongside a high end model next month to attract hard-coreal users. and ryan lochte losing aue inin his sponsorship deals including speedo and ralph lauren over an incident he falsely claimed he was held up by robbers at a rio gas station. isn't it time to let the real you shine through? introducing otezla (apremilast). otezla is not an injection or a cream. it's a pill that treats plaque psoriasis differently. with otezla, 75% clearer skin is achievable after just 4 months, with reduced redness, thickness, and scaliness of plaques. and the otezla prescribing information has no requirement for routine lab monitoring. don't take otezla if you are allergic to any of its ingredients. otezla may increase the risk of depression. tell your doctor if you have a history of depression or suicidal thoughts, or if these feelings develop. some people taking otezla reported weight loss. your doctor should monitor your weight and may stop treatment. side effects may include diarrhea, nausea, upper respiratory tract infection, and headache. tell your doctor

the finance ministers south africa, calling to a playstation and given a warning statement, which authoritieshead of arresting you. the story points out, they have said in the past there is concern the finance minister could be arrested on espionage charges because he set up a south african revenue service to spy on politicians, including the president jacob. a lot of intrigue and hearsay going on that is definitely affecting the currency market today. scarlet: we will keep an eye on that. shares are soaring. a turnaround finally taking hold. matt joins us now. what has been done that is actually bearing fruit now? >> the initial part of the turnaround was cut costs and basically focus the business on the u.s. we have done that and basically the story now is show us some topline growth. happened this quarter is relatively weak, a lot of categories are down, can market share and boost shares. strength relationship with key suppliers. apple and microsoft, samsung. service better customer and people are still choosing best buy over a target or a storet to do in purchases. matt: there is no new t

but sony, microsoft, and nintendo are getting ready to release new versions of the playstation or the have the pokemon go effect. online to messick sales for pokÉmon branded -- domestic sales for pokÉmon branded merchandise stored in july. gamestop capitalizes on this with more than 400 stores your marked as pokestops. matt: time now for the bloomberg business flash. a look at the biggest stories in the news right now. medical device maker a layered has filed suits against abbott labs. they say they failed to get antitrust clearance for the merely $6 billion merger underway between the two. potentially scuttling the agreement. abbott is offering to pay off $50 million of alere's costs. they say the lawsuit is without merit and is working to close the acquisition. norwegian cruise operator is attracting partners. it's according to people familiar with situation who declined to be identified. those people say the billy is -- the business could fetch more than $2 billion. the company's owner is working with goldman sachs and others to find a buyer. twitter is working on a keyword-based t

[laughter] >> sony reportedly plans to introduce a new playstation base model. stock is up 9 cents. u.s. regulators have cleared chem china's planned takeover of the swiss company. back to the drug merger. this is really important. pfizer buying the cancer drug maker medivation. nicole, the full story. nicole: it's a biotech company. one of the few that has a cancer drug that's been approved and selling well. and steps in pfizer, takes over med divation to get a drug that generates $2 billion a year and potential to double. analysts are on top of it and there could be a termination fee it it doesn't go through, $510 million. in the meantime you're seeing medivation jump because this puts it at a price and a pop. they're calling it a mega merger. stuart: the bottom line here is the drug supposedly halts the metastasizization, the spread of prostate cancer. if you ask me, it's worth 14 billion. we have to get back to politics, ealways do, is the new trump and i'll design the past week as the new trump performance. is the new trump better for the markets? art laffe

obviously the xbox one and playstation 4 have done well. two separate markets. mobile games are doing bite size gaming where they're playing for a few minutes. where a console gaming experience is a long-term in-home experience. i don't think one can necessarily replace the other. that's why we've seen companies like activision go out and acquire king to complement. >> what's the stock going to be worth 12 months from now? what's your outlook? >> we have a price target in the mid-40s. we think that's definitely doable given the strength of overwatch and other upcoming titles. >> we appreciate it. thank you. >>> all right. coming up, a brand showcased for adidas. >> it's adidas in europe. >> at the olympics. the ceo talks about the importance of the summer games, branding, and the state of the consumer. and then how do you like your wings? spicy, boneless, crispy? the ceo of swing stwing stop co. "squawk box" coming right back. >>> welcome back to "squawk box." this morning stocks to watch. we've got a couple of them for you. weight watchers

. >>> sony announced a playstation event for its console. you remember the people's court, right? >> judge wapner. >> now you get it, right? >> right. >> never gets old with us. >>> the popular pokemon go game is going to help four japanese quake stricken areas attract tourists. officials in areas in fukushima and miyagi to set up gyms and poke-stops in those areas. and also characters you can only catch in those areas under consideration. hoping to increase tourism. >> wow. >> good luck with that. >> it is a stretch. >> i don't know if it's a stretch. do you have kids who are crazy about pokemon? >> yeah. but i'm not going to fly to japan to catch these things. i get it if you live by there. >> maybe domestically it will bring some people. >> domestic ii ially from others of japan. >> fair point. >> it's all i've got, scott. trying to do something nice -- i'm trying to say something nice about people trying to do something nice. >>> we've watched the markets make new closing highs and intraday highs. question is are you due nor a correction? joining us is keith banks and also gab