so sony has to reposition the playstation thatis has to reposition the playstation that is not just hasaystation that is notjust a device for gaming, butfor that is notjust a device for gaming, but for content. as we know, sony have a big library of movies and tv shows. if they can push those movies and tv shows to the playstation and have that as a device for gaming and a device for movies, that is a great step forward. i think that could really change their fortunes. that was technology and video games expert sam reynolds joining us technology and video games expert sam reynoldsjoining us earlierfrom taipei. in other news making headlines, ford has reportedly told british prime minister to reason me it is stepping up minister to reason me it is stepping up preparations to move production out of the uk at the country prepares the brexit —— british prime minister theresa may. according to the times the car maker told mrs may during a call with business leaders it is preparing alternative sites overseas. ford was not immediately available for comment. ina in a speech warning of growing t

one of the key things to watch this time around is playstation.you think about it, the playstation 4 has been around for six years. surprisingly robust within their overall business. they barely cut the price of the console. the games are doing well. it was a bad result in the holiday quarter. some adjustments. to the figures going forward. coming in below estimates. that seemed to spook people. it was one of the main engines for growth for sony. the other engine was semiconductors, which is very vulnerable to the smart phone sector. sony supplies the image chips for the iphone and other high-end smartphones. they have not been doing well, given the broader slowdown in smart phone sales. that engine was sputtering. later in the year, we are expecting to see phones with multiple cameras coming out. and more cameras means more chips for sony. at the very least, the near-term and midterm outlook is not very good. further down the road, things may be getting better for sony. haslinda: how about the long-term? what should we expect? sony underscores th

cited weak demand when it came to the playstation 4. honda as well was a miss. insurer, they discovered ok from regulators for two new licenses to expand in china. that stock should react positively to that news. of 3.6% in hong kong. education group up five and a half percent. more investment in the higher education in china. back to you guys. they give a today we are can thehe question, euro stocks index sustain a reality -- a rally without a recovery in the regions banks? you can reach out to us at the team. let's get the bloomberg first word news in hong kong. >> thanks. the u.k. business secretary has urged theresa may to rule out a new deal brexit. as a going to the financial times. the comments come as the sun build out its part in sunderland. this is the u.k. splits from the eu. ministers are now considering withdrawing a 60 billion pound support package for the japanese carmaker. trump isade and donald considering a meeting in vietnam at the end of the month. they are reporting that the u.s. and chinese presence look at holding a meeting on february 27

when it comes from going to a playstation 3 to playstation 4, it's video games i like activision. >>s also content potentially for a streaming service for apple. >> i've been a little chatty i'll be quick. >> you hate it that's all you have to say >> they're not known for gaming. >> that's true >> the other point, look how far behind they are almost all of their competitors in this. to me i don't like it. >> well, i think it would be if you really jotted out and white board it you have apple tv. my kids play apple tv but nowhere near what they play fortnite or call of duty >> square is 30% off cha ching. >> coming up, lights, cam remark media earnings twitter snap, disney, and electronic arts all on deck this week we'll tell you how to trade them next jim has got the ceo of clorox. after that company reported solid numbers this morning and as stocks soared top of the hour, 6:00 p.m. eastern on ""mad money"" much more "fast money" just two minutes away randma. randma. cognizant ai solutions are helping healthcare companies advance diagnostics and prevent blindness in patients with dia

playstation 4 is growing old. -- smartphone is a shrinking market.irst of many buybacks, to be honest. the ceo is very financially acute. he is concerned with what investors and shareholders think. that can't be said for every ceo in japan. in that sense, yoshida is unusual. i think you will reward -- he will reward shareholders with more buybacks. >> how does this play out in other countries with the slowdown in china? body knowsknows -- no if smartphones will pick up again. there is a lot of uncertainty. the one thing is certain is if you have cash, you can use it to buy back shares. we saw softbank yesterday. it was crazy. that is what i think ceos will keep pulling on. that is the level investors want. you have sony for whom this was the first stock buyback in 15 years. i think you should get ready for more. >> softbank's founder also added about $17 billion to the value of his company on thursday on his plans to buy back shares less work than one third of that amount. our tech reporter joins us. $17 billion for $5.5 billion. sounds like a steal.

than two years on weak demand for the way station for an lower for your revenue forecast -- the playstatione forecast. >> president trump is optimistic on china and north korea. he will meet president xi jinping at the end of the month. ♪

and he claims that he was mistreated by the author of these shores he later then returned to the playstation to make a report about the mistreatment and was an apparently charged with slandering the u.a.e. also over seas in making such a report so i think you know problem here is obviously the u.a.e. is using. the dispute between qatar and the u.a.e. and other gulf nations as a way to. perhaps show qatar that the upcoming twenty twenty two match is going to be equated disputes between the countries the u.k.'s prime minister says she has an unshakable commitment to prevent a hard border between northern ireland and the republic of ireland to resume as a for visiting northern ireland where she's been trying to reassure residents about her breasts and plan paul brennan report from belfast. northern ireland has the u.k.'s only land border with the european union and the businesses of this province a feeling the uncertainty of a more acutely the most threesome a promise an unshakable commitment to avoiding a hard border northern ireland does not have to rely on the irish government or the europea

last week, sony reported weaker profit in its playstation business.ears is back from the brink -- at least for now. a bankruptcy judge approving any lamberts $5.2 billion bid to keep the struggling retailer open. the plan would keep 425 stores open and save 35,000 jobs. the judge rejected creditors' lambert plundered assets after merging kmart in 2005. alix: one stock we are paying attention to his wirecard. police raided wirecard's singapore offices, due to a potential scheme about accounting fraud that they have been under investigation in the singapore offices. carol: this is accounting fraud, so we will see -- they have been under the gun, under the spotlight, and now there is a formal investigation. alix: they deny it and say they handed over material to police, but they are getting hammered over the past week. pop goes the rally and other equities as well. the equities poised for their worst weekly drop since late december. outflows of $700 million in the weeks through february 6. joining us now is a jpmorgan global asset market strategist. good

eagles, look what happened, the patriots are losing to the rams with madden 19, and you might see on playstationan incredible season. sean mcveigh's leadership is something out of this world. 33 years old about to be the youngest head coach to try to win a super bowl against bill belichick in his ninth year, ninth time going to the super bowl. todd: if it comes down to speed the rams will win. all the factors, that is the way it goes. >> rams defense -- todd: something our viewers have been following. a lot of saints fans were trying to sue roger goodell because of that call that was rejected. >> us district judge decided there is no way, those who decided to sue the nfl over that missed call in the championship where coleman had a clear pass interference on tommy lee lewis and the league admitted on wednesday we got this one wrong, refs are human, they made a mistake in a way they would reschedule the super bowl. it was out of the question. it was a nice pipedream and good storyline but it wasn't going to come to fruition. jillian: does anything happen during the halftime show? >> absolutely no

the japanese electronics maker reporting weaker profits in the playstation business.ducing the annual revenue forecast. goldman sachs among firms that cut price target on the company. now that the trump administration is cracking down, u.s. semiconductor makers are complaining that china is dealing their secrets. china is the fastest-growing market and chipmaker lobbyists say carrots are not the answer. they want immigration reform that would allow companies to recruit and retain foreign graduates from u.s. universities. google spending skyrocketed, alphabet reported dinner profit margins in the third quarter as the internet giant will expand its hardware businesses. google'sion and capital expenditures jumped 80%. those are the top global tech stories of the day. shery: thank you. bloomberg businessweek has a report that sheds on huawei, specifically the allegations the chinese tech giant have been trying to steal u.s. trade secrets. max worked on the story and here to discuss. we know there have been several investigations into huawei. most recently, the grand jury

they reported weaker profits and the playstation is this. it cut the forecast.me makers, activision blizzard will announce cuts next week. they could number in the hundreds. key gameowledged some set flat or declining numbers. they are boosting their bet against starbucks. it -- howards had schultz made an announcement. stock inmost shorted the restaurant group. that is the bloomberg business flash. theresa may is hoping to break a deadlock when she meets her irish counterpart in dublin today. after tense talks in brussels, she has until next week to secure changes to the backstop that would satisfy her party. join us are the dublin bureau chief. thank you for joining us. she didn't really achieve anything at all. for the prime minister, she walked out very angling. they were not happy about the comments made on the day prior. they were determined to make sure this wasn't a real failure. it really wasn't. we are not going to go back. in reality, she will meet him at the end of the month. that is good news for the u.k.. she got none of it. tom: how do we get to m

the electronic maker reported weaker profits in the playstation business.revenue forecast. goldman sachs and nomura are among those who cut their price targets on the company. that is the business flash. tom: thanks. what do i get the most mail on? that would be on the fed and the job economy. let's bring up a chart. i through this out on twitter last week. employed,compared to a normal trend over 20-25 years. we get an ugly financial crisis and we get an improvement which is out 4 standard deviations. on the american labor economy, nobody buys the idea we are probably employed. michelle: it is a tight labor market. -- we are fully employed. michelle: it is a tight labor market. you can look at job openings, we are running at high levels. looking at the unemployment rate, we are below what most people consider to be full employment. the trend, the three-month moving average. tom: the moving average is elegant, they are sitting on each other. if the market is so good, you assume the fed will raise rates. what is the ramification if the fed goes up another no

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going to have i think a very interesting 2.5 days in vietnam and we have a chance for the total new playstationfor decades north korea has been recognized as a rogue nation and often at odds with the rest of the world another big issues especially as the president suggested nuclear armament. readiness is asia analyst, gordon chang. you see them on fox and other of nuclear showdown, gordon, what you think about what the president just that there are about possibility of denuclearization back when he's happened here in hanoi? >> for saul, the north koreans need to declare all their facilities and we need joe was there before we can disarm them. second thing is timetable for disarmament. many people say not going to get this this trip but who knows. they got two very willful figures and president trump and kim jung-un and so we very well may get where we need to be. ed: it is interesting because happening in an important backdrop, broader context here in asia and that's what i wanted to have you because wilbur i read this book the future is asian and talks about how in terms of domestic product ha

planes landed across canada and 38 went to a town called gander newfoundland and nearly doubled the playstationhe -- population in a an instant. and they let people off the planes into their community building. stopped school the entire team the people were there and said you know what, that's not good enough. you don't look comfortable. why don't you come home with me and stay for dinner. and you know what, just stay overnight and we'll sleep in the guest room and wash your clothes for you while you freshen up in our shower. extraordinary. so something you would not even think of on a regular basis. >> and it went for a while. it wasn't just an overnight trip. >> yeah. it was five days. and what's incredible is what happened in response to the kindness. the mayor of the town on the first day said they had 7,000 strangers on the tarmac. by the middle of the week they had 7,000 friends and by the end of the week they said goodbye to 7,000 family members. it is really enkribl we talk about the kindness but it was also quite brave in the days after 9/11 bringing people, strangers who they didn't k

something where, yes, some of these games can still operate in that environment because you can go to a playstationxbox and have that community aspect to it. but there's a shifting paradigm in the whole video game industry >> electronic arts is 47% off its 52-week high actvision blizzard is 49% down and take-two is 33% down >> they'll face more competition because rovio has now launched hatch which is who they call the netflix of gaming. it's getting a big stake from a japanese company they'll offer subscribers an option for these freemium games and then do you really have to go and buy your games if you're subscribing. remember what netflix did for video watching could the same happen with video games? >> for zelnik to say on cnbc that there's not a competitive environment out there. if you are an investor in the gaming industry, do you listen to him or take that as a bearish indicator? >> he didn't say this is how we're dealing with it. >> there hasn't been -- when i was in my adolescence going to my early adulthood it was all about like grand theft auto. the first red dead redemption. assassin's

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and he claims that he was mistreated by the author of these shores he later then returned to the playstation to make a report about the mistreatment and was in apparently charged with slandering the u.a.e. also pretty is in making such a report so i think you know problem here is obviously the u.a.e. is using. the dispute between qatar and the u.a.e. and other gulf nations as a way to. show qatar that the upcoming twenty twenty two match is going to be equated disputes between the countries the united nations children's agency says iraq's future could be at risk if more isn't done to protect its children unicef says freezing winter weather could be fatal for some of the one hundred fifty thousand children in displacement camps is also calling for more money to be spent on education for matheson reports from baghdad. some of these children may not live through the plunging temperatures of iraq's winter. the un's children's agency is warning that those already weakened by hypothermia and disease after severe flooding in november might not survive the home's cold. we need a lot to be done healt

worth, relatedn to the decision to merge playstation subsidiary sony computer entertainment into itse ongoing fallout from australia's banking inquiry has claimed its biggest scalp yet. and chairmancutive have both quit after being targets of the withering criticism in the final report is out midweek. yvonne: it has been swift, the response to that. let's bring in jackie edwards. tell us what was the final tipping point? jackie: the final report from the world commission on the inquiry into misconduct in the finance sector certainly had a lot to do with it. the commissioner had some very --rp words for third thornburg and henry. he expressed that he did not think they were up to the challenge of writing some of the wrongs that had occurred. he was critical with thornburg when it came to expressing how he seemed like he blamed this practice of issuing fees for no service, he blamed a lot of that on internal processes instead of maybe someone did not have the right idea about how you should be running a banking business. there was this perception that maybe thorburn and henry were not

the japanese electronics maker therted weakness in playstation business.ent changes on the way at european discount airline ran air. michael o'leary will move to the newly created role of group ceo. david bonder men will stand out next year. ryanair is having a tough year. over oslo got more intense today. nasdaq publishing its formal takeover offer for 770 million dollars, when's after euro underscored its determination to buy norway's main exchange. new euronext says it has already obtained backing for over four stations. alix: we turn to wall street beat. first up, bear market for julie stern.- for then don -- then, danske says employee bonuses are safe. sachsll -- and goldman in anblankfein results fbi investigation. david: let's start with julius baer. he said it is a tale of two halves in 2018, and this is the second half. 2018, itook back in .as more difficult david: for the market overall, but they got hit particularly hard. alix: shares are responding in tandem with that. this is interesting in a broader sense because a lot of asset managers over

sony as playstation success is proxy for growth of gaming industry.lay console, cartridge games anymore? they don't. they download it. nintendo, super mario working for them. stuart: haven't downloaded a game in my life. i probably never will. you never know. you never know. the dow is up nearly, 180 points, that ladies and gentlemen, is a very solid rally. 25,178 there. >>> a group of 17 lawmakers meeting this week, getting together to hammer out a deal on border security and avoid another government shut down. speaker pelosi says, no wall in exchange for dreamers. she will not accept that deal. now what? we'll ask one of the members of that 17 member discussion group. >>> first we have to talk about a skills gap, we often do, a skills gap. i will talk to someone working, helping companies fix it. i want to know what types of skills the next generation need to learn. susan: lots. stuart: lots. susan: probably socially. stuart: well-said. we'll be back. ♪ ♪ the new capital one savor card. earn 4% cash back on dining and 4% on entertainment. now when y