samsung product?ow can call him up tea -- pay-z. we used to call it a sellt he says i about a businessman i in the business, man. dennis: i remember a story in "the wall street journal" on the card receipt of canada dry they were willing to pose for a poster but they cannot drink it instead spraying and all over the place overall we d gene simmons of last week and he said it is the music business. it is a business and sometimes musician -- musicians forget that. >> all glamour business is a business. it is not the art museum is the music business and he has figured out ways to make that business work for him. dennis: will his desk so well or will people shun it because it was the free give away? >> something else, people don't buy what you do but who you more. recorded earlier it is a real slow the first four because the first four people didn't know who he was. he was building a following the interestingly he made this money before anybody heard the song so it could still rest of the world's on the n

samsung's competitor htc underwhelming analysts.om a record low the previous quarter. the smartphone maker still struggling to restore reputation with consumers and suppliers after long product delays for the htc one. and competition with samsung is only expected to get tougher in the coming months. >>> right. peter, your thoughts. what do you think of the tech sector? >> we like the tech sector. it is a very cyclical area and funny enough we have analysts that travel to the far east a lot and they're talking about shortages in semiconductor smartphones. and if you look at the minutes last night from samsung, i think they were look iing -- they misd by 2 million or something on the number. so it was insignificant really. we see shortages, especially in the semiconductor area. so we have done a lot of work, the best areas to be in with interest rates rise, and not only is that financials, but the second best group in the rising interest rate environment in the semiconductors. and in that group, we like intel because of those shortage

samsung sends a warning to investors and across the entire industry. the market may have reached a saturation point. >>> leaps and bounds, from the agony of the seats to a profitable business by building a better ballet shoe. that and more tonight for "nightly business report" on friday, july 5th. >>> good evening everyone. i'm tyler mathisen along with sue herrarah. susie gharib has the night off. the monthly jobs report from the labor department is arguably the best and clearest indicator of the economic state of the union and today's numbers suggest the union is reasonably strong and possibly getting stronger. employers added 190,000 new jobs in june, for more than forecast for april and may were revised sharply higher. because so many more americans jump back into the market to look for a job, the nation's unemployment rate held steady at 7.6%. more on the good news about jobs in june and what it might mean for the economy. >> reporter: seth is doing something this month that thousands of business owners across the country are also doing, hiring ne

but samsung doesn't own their platform.id, the platforms they operate under, they have their own hardware out from under motorola. and they have been making noises that they don't like the amount of power samsung has. actually the dominant vendor. strangely enough, not through hardware. and as those to start to contest, that creates a problem for samsung who is looking at alternatives like tyson, another operating system. and new operating system out of muzzle of that has go forward as well. but neither one of them stand up to android. so there is some trauma because apple owns a platform, at least from the standpoint of competition. you don't have to worry about someone else pulling the rug out cheryl: they could alienate if they go away from that model. really quick want to ask you about tablets because samsung is in the tablet market. you seem to think that basically we are maxed out on purchases. can you explain what you mean? >> well, a lot of the folks that bought the tablets found that there not as compelling as the

the construction of samsung electronic's newest facility. they had a two story building that housed 200 employees in san jose. but the new building will be 10 stories high and have 1.1 million square feet of floor space. they plan to hire more than a thousand people for the research and development facility. executives say san jose was chosen because of the talent that exists here and they wanted to be closer to silly von valley consumers. >> if you look at samsung history and using this as another jumping off point, you will see dramatic job growth in the bay area. >> reporter: samsung employees were given a video preview of what they could expect at the $300 million facility. plenty of open airspace including rain gardens, gym facilities and a star like cafeteria under a vegetative roof. the research and development facility will focus on what new devices samsung should create a based on consumer de -- create based on consumer demand. >> all right. thank you. >>> the first public court hearing is about to get underway for the man accused o

north america is samsung's biggest market.ut to be tested like never before. several moz else are expected in three months running new competitor on android with the motorola unit launching, assembled in the usa, samsung x. expect to see whether headlines has lost its cool. >> that's the next debate we'll be having here. we have some breaking news. we want to show you live pictures out of egypt. what you're looking at is a car on flames. it's on a bridge crossing the nile. we've been seeing president morsi supporters crossing the bridge all day. they're in tahrir square. the army has been trying to hold them back. the military has been trying to clear the bridge. we saw violence ensue, and what you're seeing is live pictures of the violence in action. this is a developing story. we're going to continue to watch it for you, and certainly it's having an impact on energy markets as well. >>> in the meantime, the next big tech battle is going to be about watches. apple has already registered for a trademark on iwatch and samsung,

. >> the competition between apple and samsung heats up. samsung had ground breaking today.we'll have tha >>> we continue to follow breaking news out of oakland. an amber alert issued for this toddler dapne viola webb. the little girl was apparently take gren a car parked at gazali supermarket just after 11:00 this morning. police say the father went in by himself and left his daughter in the car with an adult family member who is mentally disabled. when he returned the family member was still in the car but the little girl was gone. want to show you another look at webb last seen wearing orange pajama was pink hearts and pink socks. our breaking news reporting will continue on twitter on abc 7 news bay area. >> update now on latest developments in the investigation of the crash of asiana flight 214. there are questions surround wlgt crew aboard the flight began he vac wasting passengers. ntsb confirmed reports the pilot dz not fishl initially order are that plane to be evacuated but when a flight attendant saw flames the plane was emptied. >> we're learning not fwoo two, bu

there is a lot of competition coming from sony or samsung with their smart tv's. are those a strip -- a threat to what you do? >> we think there is a huge opportunity. being a smart tv is becoming a standard feature. fairly soon you will not be able to sell a television unless it has internet streaming built-in. if you look at the market today for a television in the united states, you can segmented into three tiers. you have the korean brands, which are now the top-selling brands like samsung and lg. the japanese brands, which used to be the top-selling but are now mid-tier. then a lot of the chinese brands or american brands whose products are built by chinese companies. that is the fastest-growing part of the market. we're working closely with chinese brands for the u.s. market. focusing on the transition we think will happen, where the brands of the future are chinese brands. >> now, some people predict the streaming media will soon go away s more people buy tv's -- smart tv's. he does not think that is true. his belief is you do not buy a new tv that often. h

samsung tells the l.a. times that the complaint is baseless. >>> if the king of pop, michael jackson, were still alive today, you may be surprised at how much his concert tour would have raked in. >>> i'm linda bell reporting. back to you. >> thank you. let me guess that's a lot of money. >> yes. >> it's 4:37 and 77 degrees outside. >> still to come, the efforts to put together a legal team for the suspected boston marathon bomber i >> welcome back. boy, we keep talking about the hat. i got in the store this morning, steve. i'm telling you, it was about 10 degrees warmer. >> hey, we are looking at a very warm start to our early tuesday morning temperatures. let's take a look at the graphics for you. we'll show you temperatures across the board. 78, fredericksburg. 73, winchester. look at that cool and comfortable 64. the national weather service issued a heat advisory. it expires at 7:00 and includes the district of arlington and alexandria. fairfax is not under the advisory. we do have a trough that's brin

it's estimated samsung spent $400 million on u.s.million or so on promotions. that would mean sam sosung spen twice as much on marketing as apple did taken in total. this year jay-z alone trying to add more. we expect multiple iphones from apple within about three months. question is will apple come in at the lower end of the smartphone market and even challenge samsung more in an area where they haven't had a lot of competition? as i mentioned earlier, google with motorola also coming out with the moto x. >> it has an "x" in its name, has to jazz things up. jon fortt, thank you for that. huge moves in commodities. gold is down over 3%. is the $1,000 level close to becoming a reality? we'll talk technicals coming up. we'll be right back. ♪ ♪ unh ♪ ♪ hey! ♪ ♪ let's go! ♪ [ male announcer ] you can choose to blend in. ♪ ♪ yeah! yeah! yeah! or you can choose to blend out. ♪ oh, yeah-eah! ♪ the all-new 2014 lexus is. it's your move. the all-new 2014 lexus is. the world is changing faster than ever, creating new opportunities for those wh

mobile analysts estimate samsung spent about $600 million on u.s.keting and promotion of 2012, about twice what apple spent. of course, we expect a new iphone from apple in three months, maybe multiple models. the big question i think is samsung going to spend more on marketing to compete with apple or less to maximize profits, and will new phones from google's motorola unit, make things tougher for samsung. we'll see, guys, back to you. >> indeed we will. >> gold selling off once again. it's been a very tough session on that strong jobs report. prices are close and jackie d'angelis has them. >> good afternoon, sue. we're watching the metals very closely across the board. gold price down a little less than $40 or 3% today. the move lower driven by three main factors, of course, the strong jobs report but also a stronger dollar and a higher yield on the u.s. ten-year treasury, but if there's a silver lining today, it's that gold held above 1200. that's a key psychological level for a lot of traders. want to remind you, gold posted its largest quarter

samsung has been here for 30 years. it is showing commitment to innovation and job growth in the bay area. >> the building is expected to be completed by 2015. it will cost samsung roughly $3 million. >>> a bittersweet day for apple. on the five-year anniversary of the opening of the app store apple lost a court case involving ebooks. the judge determined they conspired. she urged apple to settle before the trial. she used co founder steve jobs words against him. he told the reporter the price was irrelevant because soon all prices would be the seem. apple says it will appeal today's ruling. >>> an unsettling experience overnight for passengers on a delta flight leaving sfo. an airplane tug crashed into the nose gear of the plane as it was leaving the gate. that impact stirred up the passengers and the plane. passengers were evacuated so the plane could be inspected. >>> just days after the asiana accident, the faa is releasing new guidelines for co pilots stemming in part not from the asiana flight but from a commuter

this time coming directly from samsung electronics itself like you saw on the board there, samsung electronics shares off by a percent today, even after giving up some 14% since early june on those -- the smartphone-related worries. samsung saying in earnings statement this morning that it is a smartphone market is expected to continue growing, but at a slower pace and i thought it was pretty interesting that samsung said this morning also in the statement that the components business contribution will gradually increase. remember, it does have chips and panels on top of its consumer electronics businesses as well and they did pretty well this past quarter, especially with memory chips and premium displays. but, still, samsung is citing one delayed economic recovery in europe and, two, risks from increased competition from -- for its smartphone and other set products as potential downside risks in terms of moving forward. so all and all, so far, so good. but questions about what now are dampening investor sentiment here. ross. back to you. >> thanks very much. we'll also look at japanese corpo

samsung broke ground on what will be a skyline changing structure, samsung putting up what it hopes willbe headquarters in the type of innovation it's producing. along with places for people to interact. >> no one will be more than a floor away from an area that opens to outdoors. architect says that helps employees staying focused on the mission. >> you know where they're going they can have meetings and really hard to have if you're across town. you've got to go downtown when it might be. >> this will be home of a place for customer meetings. there could be a public showcase samsung exexpects to do aggressive hiring. at a ground breaking next door neighbor cisco joked about poaching employee autos i'll continue to be looking at recruits skup down as you add several thousand people to the campus. >> planning officials see the new building at the catalyst for other companies to redo their offices to recruit talent. >> they can work around the world. and so they're looking for something reflecting create activity. and they're built like ford tauruses. >> samsung expects this to be ready i

today representative samsung and apple met separately with a da tech expert. they brought the latest smart phone. equipped with anti-theft systems. john livingston founded slaught software. company this make for security software that is now in the samsung s 4 cell phone. >> salute low jack technology which can both kill the device if it's lost or stolen but also importantly to recover the device in case somebody was harmed during the course of the theft. >> 7 news was given exclusive access to the meeting. these were the samsung representatives. apple executives refused to be vapd at the meeting. da tech staff tested the anti-theft feature trying to see if they could be disabled. >> district attorney says he won't be disclosing what is tech staff found today. instead he will be sharing that information his feedback with apple and samsung and hopes other cell phone manufacturers will be following suit. vick lae, 7 news. >> well 21 states are in the middle of heat wave. people feeling the affect cows. >> you can signed of see the stomach. just breathe a little

trappings of the heiress to the samsung fortune? money. she had a mercedes. she drove bentleys. >> reporter: she ran with the crowd befitting an heiress. >> she said that she went to school with paris hilton and kim kardashian. and she said that she dated leonardo dicaprio and channing tatum. >> reporter: she's got good taste. and that's not all. >> she was an asian pop star. >> reporter: asian pop star? >> yeah. >> reporter: songs on the radio and -- >> yeah. she said she had number one songs in korea. >> reporter: why do you think the heiress to the samsung fortune would be hanging out with you? >> she said she was looking for someone who wasn't jaded by the town. >> reporter: and naive. >> yeah. >> reporter: but that naive newcomer and the sophisticated socialite hit it off. >> we sort of had our own private world. we would just hang out at her place and have drinks and stay up late and talk. she was someone that was one of the really bright spots in my life when not everything was always that great. >> reporter: meili did land s

it isn't just samsung.ed to have motorola work among but i do think it is early david: how long can they continue to believe? >> the new product is expected to come by october. according to published reports it will put a lot of money to look at merchandise, and advertise the product. david: explain. >> it is the next generation smart phone. this will be really the first smart phone developed by motorola. this could be a breakthrough product for the company. too early to assess motorola which right now is very much a work in progress. liz: dennis is our media guide, but these big listening to buzz on the street. i have not heard too much bus. have you? if so, what are you hearing? >> well, they're very smart guest just said that do will is worried about samsung being too dominant in the phone business. it spent billions of dollars to buy a sulfone company, a troubled one. how about you that cellphone makers do that. maybe they never should have bought a cell phone company. i could not understand how that wo

one of them was casey e o of samsung the ceo-of samsung. he said that the adjustment through customs. and he seemed he had just gone to a customs but people have just had minor injuries from what he had seen. also, the seaoo facebook, sherrill was also supposed to be on this fiflight. the coo she was supposed to actually be on that flight. and it landed about 20 minutes early she is fine, and thankful. really, there are many people involved in this really at this point you can see this cleanup situations. where many of these officials are trying to figure out what happens watson went wrong key. as i mentioned, it is worth reiterating how many people are on that flight. or aboard that flight. that makes the total at over 300. 307 people. many of these flights had been diverted to sacramento, los angeles, san jose, oakland, and even one diverted to salt lake city. at least one. with 10 critical at s.f. general. i want to go back to you as we continue to suffer through all this information that is coming into our newsroom. >> j.r. stone, thank

samsung overtaking an until the mobile phone business.e who inspired us, prepared us and guided us. at new york life, everything we do is to help you keep good going. prepared us and guided us. the people who inspired us, at new york life, everything we do is to help you keep good going. >>> apple is no longer the world's most profitable maker of smartphones. samsung ended apple's four-year reign with the galaxy. apple made an estimated $3.2 billion profit from iphone sales in the second quarter of the year. samsung's profit an estimated $5.2 billion during the same period. industry expert says part of the reason for apple's drop may be that customers are no longer buying the latest model. they're fine with the iphone 4 which is cheaper than the latest iphone 5. >>> cyclists will have an easier ride on a section of el camino real in sunnyvale thanks to a grant. the $15,000 grant will be used forrer the construction of bike lanes on the area highlighted on this map. currently, el camino real does not have a lane for bicycles. the city of s

it measures 4 inches compared to the samsung galaxy which has a five in screen.er . the 9-inch screen for the ipad versus ten on the galaxy. is bigger better? samsung leading apple inn worldwide smart phone market share in the first quarter of this year. they have for a long time. however, apple is ahead. one of the smartest analysts who covers this is over at bcc partners and tells fox business that these tests are a logical move for apple. there is clearly a market for larger screen sizes than apple's current screen. samsung has proven that. it is reasonable that apple would want to test larger sizes. they can build a good found at the markets decide which one is worse. this one comes one day before apple reports its fiscal third quarter reports. trading in shares up about a dollar. remember that you are talking about an area in america where they may be fighting over inches. in asia like -- they like the big one. phones and tablets. they fit in the side pocket of a man's jacket. we tested it. he said it is the hottest thing. maybe they're trying to get between

samsung broke ground on what will be a skyline changing structure, samsung putting up what it hopes will headquarters in the type of innovation it's producing. along with places for people to interact. >> no one will be more than a floor away from an area that opens to outdoors. architect says that helps employees staying focused on the mission. >> you know where they're going they can have meetings and really hard to have if you're across town. you've got to go downtown when it might be. >> this will be home of a place for customer meetings. there could be a public showcase samsung exexpects to do aggressive hiring. at a ground breaking next door neighbor cisco joked about poachi empl be looking at recruits skup down as you add several thousand people to the campus. >> planning officials see the new building at the catalyst for other companies to redo their offices to recruit talent. >> they can work around the world. and so they're looking for something reflecting create activity. and they're built like ford tauruses. >> samsung expects this to be ready in two years and yes, it will be

it's a victim to whatever is ailing samsung and apple.d touch. >> you want to read the tease? barns and noble. that company's ceo has resigned. they say ceo william lynch has resigned effective immediately. that stock is down two and a half percent after hours. i would suspect that once this filter is out a little more thoroughly into the marketplace that the stock could be a little more active than this particular move. >> it's one of these situations where when somebody steps down like this there's always that immediate reaction and in most cases to sell selling the stock, the nervousness, why did he step down. the timing becomes part of the issues. people will react before they think. right now the reaction is the selling of the stock. >> wasn't lynch there because of his skills? >> and he was also the architect of the microsoft deal which was important to them. he has a bunch of things going on although i do think it's negative. >> the nook failed to keep up with competitors. that bore out more in the most recent earnings report. you'

s samsung semiconductor. >>> prices jurped more than a dollar in the final minutes of trading. what that jump could signal and a look how futures are trading. good morning. >> good morning. it's a big story now. it's the first check on the markets. futures lower after stocks rose for a fourth straight day. traders are confident following friday's strong jobs report and expectations that companies will report good earnings over the next few weeks. data on wholesale trade and minutes from last month's fed meeting. ben bernanke speaks later this afternoon. dow rising 75. nasdaq adding 19. >>> oil prices are jumping to 14-month highs, closing in on $105 a barrel. the move comes after an industry report shows a bigger than expected drop in u.s. crude stockpiles last week. the government releases its own inventory data. higher crude prices could translate to higher prices at pump. average price is $3.48 nationwide, up slightly from last week. >> thank you. >>> 4:44. christina loren is back talking about chill out there but a nice way, comfortable cool. >> enjoying the weather yesterd

samsung says it will hire about 1,000 new employees to work there.utives say they chose san jose for its high-tech talent and funding. >> samsung has been here for 30 years and this is showing our commitment to innovation and to job growth in the bay area. >> samsung says its new building will be green and rain- friendly, with a cafeteria under a landscaped roof. it is scheduled to open in two years. >>> people in the east bay area, one tall building is coming down. the demolition of the old eden medical center began at 7:30 this morning. the nation's tallest excavator is on the job, chipping away at the building, from the seventh floor down to the ground. the hospital served the community for 58 years, and that includes the birth of about 80,000 babies. >> well, we're happy to be in the new facility, but we have a lot of great memories here at the old hospital. so we're sad to see it go. >> the new hospital opened next to the old hospital last december. the old building will be replaced by additional parking, landscaping and walking paths. it will t

it will face tough competition from two of the most dominant companies in tech, samsung and apple. apple's new iphone expected within three months with new software. >> this is what matters. >> reporter: there's a bit of a marketing face off here, too. apple had the designed in california signature, not everyone is impressed. the commercial mostly features people in everyday situations using apple products in slow motion. in a way, to the think back different complain when apple tried to reintroduce itself to the world. >> the think different campaign, that's something we think of as typically apple. i mean, the celebration of the crazy ones, for example. the whole different drummer kind of theme. i don't see anything in this new campai campaign. there are a bunch of people who seem to be enjoying apple products in a number of contexts, and pretty cliche context at that. >> reporter: this time it's google and motorola that are trying to get people to think different since in the smart phone era thinking the same means they will buy from apple or samsung. for "nightly business repor

samsung is saying, don't worry, it will go platinum eventually. >> samsung not related to the record company. >> no. that's it for us. this is "first look" on msnbc. "way too early" starts right now. >>> actually, i was not thinking but acting. as soon as i heard emergency escape, i conducted the evacuation. >>> we are learning more about asiana flight 214. flight attendants were heroic and pilots were unaware of any problem until it was too late. >>> in boston, f bombs, finger pointing and a judge losing control. whitey bulger going off the rales. this as the president in a positive comment on a vegetable that's setting off a scandal of sorts. we break down the polarizing issue of broccoli in america. this is "way too early." >>> i'm surprised at hue many politicians have child in on broccoli. we'll have it for you in the cooler. good morning, everybody. i'm brian shackman. wednesday, july the 10th. some disturbing details in the aaron hernandez murder case. in the cooler, perhaps the best on air correction in the history of television. maybe i'm being a little hyperbolic, but we li

. >> en reunión con ingenieros de apple y samsung se vio que la tecnología de kill switch es una realidad problema tan grave en ciudades como nueva york y san francisco por eso se trabaja por tener solución al problema. >> y dicen que la tecnología de desactivación remota apareceran en los dispositivos de apple y samsung para el otoño pero los dispositivos con microsoft no tienen interés. >> muchísimas gracias se busca a sospechosos que asesinaron a personas en su departamento. >> un auto fue recuperado en manteca la patrulla de caminos de california dio con el domicilio del sospechoso gracias a (voz de (gps >> se vera la seguridad en las estaciones miles viajan en este medio y hay expectación ante las negociaciones de los sindicatos del bart. >> ojalá que se arreglen. >> rick rice espera que haya acuerdo laboral para que el sistema de trenes no sea interrumpido. la compañía que vende alimentos en el estadio at&t llega a acuerdo con los trabajadores incluye aumento salarial y mejores condiciones pero el sindicato dos sigue en cnversaciones. >> se rescatan ancianos cautivos por años pues e

samsung's second-quarter operating profits hit $5 billion. that trumps apple's profits of $4.6 billion, according to a report. samsung's sales are due to large inventories, high wholesale prices and tight cost controls. analysts say that apple is under more pressure now to launch more iphone models at cheaper prices - and with larger screens. pepsi is dropping the word "natural" from its "naked" line of juice drinks. the beverage company is paying $9 billion to settle a lawsuit that claims ingredients in the juices are not all-natural. pepsi says it adds vitamins to some of the drinks, but according to the lawsuit, the vitamins are synthetic. consumers are eating more meat -specifically, hamburgers. according to restaurant consulting firm technomic, 95% of americans chow down on burgers at least once a month. also, more restaurants are moving away from the dollar menu mentality, and are offering higher-quality beef. still to come, should you fear what you eat from overseas? why the fda sees a need for new rules. plus, why the sac insider trad

folks purchasing samsung prefer larger screen size.n versus a 4-inch screen on iphone. samsung is notoriously more open customizing experience. folks with apple look seamless experience. apple has the ecosystem nailed with 800,000 applications at the apple app store. you get everything and it just works. people with apple computers can live inside their garden very happily. lori: which smartphone do you use most offoften? >> sitting next to me i have the samsung galaxy s 4, google edition with stock android. lori: thank you for your time. >> thank you for having me. lori: bringing in talking about new york attorney general with charlie gasparino. adam: traders take ahead of all important dell shareholder meeting urn tomorrow. we're back at the new york stock exchange. lori: show you 10-year quickly. this is the yield on the 10-year treasury note. we're back after a short break. for his small business take theseags to room 12 please. [ garth ] bjors small busiss earns doub mes on every purchase every day. produce delivery. [ bjorn ] jus

what about google and samsung and other names?ave more analysts coming up in just a moment. stay with us. i've been doing a few things for a while that i really love-- tdd#: 1-800-5-2550 playing this and trading. tdd#: 1-800-345-2550 and the better i am at them, the more i enjoy them. tdd#: 1-800-345-2550 so i'm always looking to take them up a notch or two. tdd#: 1-800-345-2550 and schwab really helps step up my trading. tdd#: 1-800-345-2550 they've now put their most powerful platform, tdd#: 1-800-345-2550 so i can use it on the web, where i trade from tdd#: 800-345-2550 most of the time. tdd#: 1-800-345-2550 which mes i get schwab's most advanced tools tdd#: 1-800-345-25 on whatever computer i'm on. tdd#: 1-800-345-2550 it's really taken my trading to the next level. d#: 1-800-345-2550 i've also got a dedicated team of schwab trading specialists. tdd#: 1-800-345-2550 they helped set up my platform the w i wanted, it's really taken my trading to the next level. tdd#: 1-800-345-2550 from the comfort omy home. tdd#: 1-800-345-2550

we had samsung report earnings and they do have a low end phone. motorola has come out with a low end phone but samsung said it was disappointing and, by the way, it will be more disappointing, you haven't cut your numbers enough. to me it seems the market is saturated before apple gets there. what we've seen so far is china mobile and japan say we don't play ball like at&t and verizon. so it's game over it seems like before it gets started and you need more than an iphone, you need some real killer app product which the rumors just aren't there. >> if you look at it, this right now is the first time in the history that smartphones represent over 50% of all cell phones being sold today. so that penetration opportunity that we had over the last couple years is not as fertile as it once was. what apple needs to do going forward is i think a lot of it going to be on refresh cycles. is there knew opportunities to have new subs? of course. apple has hundreds of millions of dollars on ios. do they have the compelling products at the appropriate margin le

samsung has to be globally. >> samsung spends a lot of time and money on lower margin products.rovider of the high-end phones that they have come to be known for. first of all, for all of the issues that we are talking about , it does not seem like apple has lost a lot of share. people still love their iphones and ipods. i think what is going on is switching costs are high. you look at the notion of stickiness. if you look at customer satisfaction, higher than anyone else. >> right now you are waiting for the june quarter's. everyone is waiting around for the new iphone. this is really going to be the end of the era for apple. the i watch, all of the other suggested products. cheryl: apple tv. >> the estimates will continue to go down. cheryl: you are saying that they will miss and scott is saying they will come in minimal. we will find out. gentlemen, thank you. we will see what they say. dennis: cisco is buying source fire for $2.7 billion. we will talk with chris young had. cheryl: a television channel just for your dog. we will be right back. ♪ i want to make thgs more secur

right now they have half the volumes of samsung. they can get in that smart phone market better if they can get price. it's all about price. >> they need more than a calendar turn. >> i will tell you guys one thing. you guys don't understand apple if you think that can ballization is hurting apple. if you read the steve jobs books you fully understand what they are doing. the reason they're doing different products is because they want to have themselves exposed before somebody else comes in and tries to take it. >> samsung owns china. they have price points that fit the chinese consumer. it's another one of these things that gives apple a two to three percent rally. i would be a total seller of today's news because this is momentum for apple. it's people looking for the next great thing. >> it was momentum when people were jumping on it at 550. i think the puking is done. >> just because the stock is nearly $400 to $500 to pete's point even though china is dominated by samsung there's 80 million who can afford it. >> last week when

heard from a samsung executive used to be with google. he said he is fine. one of his former colleagues, cheryl sandberg, now at facebook. let's bring in scott budman from the newsroom tracking this part of the story really thank goodness, we're able to report these stories as well, skomenco. >> yeah, raj, we track and communica communicate. showing photos. many circulated instagram, and twitter. facebook post getting a lot of attention from facebook executive, cheryl sandberg. take a look at what she said. this is on her facebook page. indeed that was sent all over facebook today. the executive she refers to by the way from samsung, and raj, jessica, mentioned a business flight. david eun on the flight. putting out via twitter. i just crash landed at sfo, tail ripped off. most everyone seems fine. i'm okay. surreal. now, tweets and facebook updates and instagram photos use a s us to let people know about passen errs injured -- passengers injured. and when runway would reopen. and by the air lyline to expres sympathy. back to you. >> when you see the post by

samsung failed to collect information about the app. samsung said the complaint is baseless. chrysler has the number one pick up. chrysler aswin for they try to elevate the image of their truck brand. did gain yesterday thanks to stronger than expected profits from citigroup. idea to keep good working instead of retiring. delaying retirement can help prevent the onset of dementia. the study involved more than 400,000 people. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> now weather and traffic on the 1's. >> the heat is on again today. we're shooting for 95 or 96 today. temperatures right now are around 80. generally dry. he index between 100 and 108 -- heat index. 92 in chicago. some thunderstorms along the gulf coast. high temperatures in the 80's in dallas. >> good morning. there is one accident on the harrisburg expressway. just prior to the beltway and the southbound direction. watch for delays down towards towson. we have an accident and a downed pole on the west side of the city. this is 83 prior to the beltway. no sign of delay

buy any samsung galaxy mobile device and receive a $50 best buy gift card in the samsung experience shop at best buy stores nationwide. ♪ got the sweetest heart >>> the 2013 essence festival is rockin' new orleans. this is the 19th annual gathering of some of the biggest artists and performers on one stage together, with cultural and community events. >> the festival is in high gear after kicking it off with a knockout performance by brandy last night. and she is kind to wake up early this morning, from the big easy, to be with us. brandy, first of all, great to see you. >> thank you so much. >> you look fantastic. >> thank you. >> this was the first time performing on the main stage at the essence festival. what was it like? what made it so special? >> this was my first time attending the essence festival. it was such a great experience to perform and be with my family and friends. my hometown is an hour away. so, you know, all my family was there. and to share that connection with the fans that were there was amazing. i'm so blessed to open it up. and see such amazing talent. >> there'

introducing the samsung galaxy s4.thing is here. >>> get ready fans, for fox sports 1. america's new 24-hour sports network. all the news and highlights you want and shows and special that only fox could bring you. america's new sports network. fox sports 1. coming in august. kimbrel takes over. alvarez in at third. down the line by perez. a good play made by gomez down the line. a leadoff single for perez. >> tim: not too many outfielders can get a ball hit right down the line. but because of carlos gomez's speed, perez doesn't even challenge that arm. he gets the ball so quickly. perez is not a fast runner. but opens with a base hit. this is the fourth inning of this game that the american league has opened with a base hit. >> joe: now it's johnny peralta. first at-bat of the night. taking over for kimbrel and hardy. gets it by the bat. strike one. mariano rivera is getting loose in the bull pen. ken rosenthal is with us. we'll go to him after this pitch who talked to jim leyland about how he needs to use mariano in

, samsung having previously manufactured a lot of device or chips for apple. do you think this is opening up the playing field and will they get a greater slice of contracts? >> we do believe that, we do see tsmc will have revenue drivers starting in 2014, starting at 29. we believe tsmc will make chips for apple, which will be the revenue growth driver. >> how is the industry placed? it feels as though the capital investment required to remain in the investment is fairly high, which leaves the playing field fairly open for the largest operators in the sector. is that the right assessment? >> yes, exactly. we do see a clear consolidation for the industry. actually, it is happening for every aspect in the industry. look at the semiconductor, almost everywhere we see growing monopolies. so this is the trend. we just cannot part with the trend. >> the company is well poised to pick up some business. one of the big concerns that people have is the ability of the company to deliver on time. in the past it often missed on the delivery of certain contracts. is this s

sam summing's been pick -- samsung's been picking up its pace of acquisitions lately.inal charges, they were filed, of course, last week against sac capital, but is it really business as usual inside the embattled hedge fund in greenwich, connecticut, as the company says it is? we went to connecticut for an inside look -- >> stanford, connecticut? liz: oh, stanford? >> that's where it is. liz: oh, sorry. >> he lives in again -- greenwich, his office is in stanford. let's see those cars. how boring. you know what this looks like? oh, there we go, a beemer. liz: a bmw. are those fat cat cars? i think i saw a station wagon. liz: well, there's another one. i like the paint job on it. okay, there are two parking lots, we should let people know. they were full. it is fair to say that there's a lot of activity going on there. >> i've been talking with people that deal with sac, they're a huge commission generator for wall street, and they're still talking to them. liz: no one is saying we're not going to clear trades for is sac. >> they're still doing business with them. we d

. >>> ground was broken in san jose on a huge, brand-new building for samsung, the technology giant. >> 1, 2, 3. samsung executives, state and city leaders, including mayor chuck reed, dug their shovels in the dirt. >> the facility will be at north first street and tanson drive. >> it says they plan to hire more than 1,000 people for this new research facility. >> we'll be using this as another jumping off point, you're going to see dramatic job growth in the bay area. >>> a demolition project is underway in castro valley on a building that has been important to the health of many people. >> the nation's tallest ex-vator is taking down the 58-year-old building, about 80,000 babies were born there over the nearly six decades it was open. >> a new hospital opens next december right next door. >>> is the new bay bridge span on track or on hold? the new twist tonight that has some wondering if it will open on time, after all. >>> and a make or break moment for george zimmerman, as his murder trial nears its conclusion. >>> and in weather, right now we have some fog in the coast, some sho

so you put apple up against samsung this year, and samsung is a more diversified company, of course, but they're not hitting it as hard as you would have been told by a number of pundits that they are hitting it. they're not. this iphone is still one of the most popular devices in the world, scott, and to pete's point, second half story, they get a larger format iphone, a china mobile deal, this stock can result. >> they're going to get higher expectations. there were zero expectations going into the quarter. >> yeah. >> the only quarter that i can remember in any sort of recent history where everybody said who cares? it's going to be a bad quarter, turns out it wasn't. zero expectations going in, now bigger expectations coming out. you better come with a phone or some device before the end of the year. >> this stock could go to $500 but until they come up with some type of innovation, nothing is going to happen. we can talk about a bigger screen, the 5s which is sort of evolving but unless they come out with some innovation, the stock won't go above $500. the stock is down 40% from

when samsung will move into the ten-story building and why it will benefit more than just the people working there. >>> the santa clara county sheriff's department descended on an illegal marijuana field today. >>> up to the minute, the minute you're up, ktvu channel 2 news and mornings on 2, complete bay area news coverage. weekdays at 4:30. >>> new at 6, drug enforcement officers from the santa clara county sheriff's department and other agencies raided an illegal marijuana field today, cutting down thousands of plants from public property. the large operation is just wrapping up, deep within henry state park in santa clara county. that's where robert joins us. >> reporter: we are near the state park entrance. we have been with drug enforcement teams all day as they broke up that illegal marijuana grow operation that had been here for months, deep in the heart of the park. a helicopter carrying out 500- pound loads of marijuana plants made for a strange sight at henry coast state park today. they swept in an an illegal marijuana growing operation and officers say they came away wit

do watch samsung.ve got the samsung-apple fight with apple reporting about $9 billion in operating profit earlier this week. we'll see how well samsung beats that. again, facebook, we're looking for our first trades in facebook it could be as high as 20% higher as facebook gives us that very, very good news yesterday. we'll check the numbers again for you coming up in just a bit. jon? >> strong news for facebook. scott, thank you very much. look forward to that report. it's 6:31 right now. the hundreds of high school students who had their ap test scores invalidated, they have until tonight to decide if they'll retake the test. meantime, attorneys hired by the san mateo unified school district to try to deal with the ap fest testing issue at mills high school will be speaking and also the college board today about testing retakes and possibly not releasing those scores. the district decided earlier this week to pursue legal action. the scores were initially invalidated after the test administrators fai