brad: not just samsung.amsung over the last 20 years has emerged as the largest company in south korea. there is a lot of pride as there should be in the success of this company that emerged -- samsung electronics was associated with appliances in our homes. some kind of low quality phones in the early 1990's. now it is next to apple as the world's largest maker of smartphones and always connected devices in our lives. that is the visible part. the invisible part is the enormously successful semiconductor business. we visited a new plant south of seoul. you can't imagine the scale of which samsung operates. they have broken ground and gotten to operational in the facility in the span of two years. it takes companies like intel three to five years or longer to get a semiconductor fabrication plant up and running. but samsung the expertise, the , almost militaristic efficiency in deploying construction and getting the automation and the machinery up and running is unrivaled. they have managed to go time the di

samsung, a south korean company.hatf the different things should have hindered this company continues to go up over it and it continues to be a good brand and make money. >> the remarkable resilience of samsung. when we look at the trials and tribulations they have gone through, exploding phones to a corruption trial. facingounders are protests in south korea. you have to understand how fundamental that shift is. been centrallways to the south korean economy. it is good for the country. it is the same way america views walmart and mcdonald's. it maps the trajectory of an economy that has faced unbelievable -- a phone that caught on fire. your own founders seen in handcuffs and shackles and going into a trial every day and still, record profits at samsung. >> we have more on the highs and lows of samsung. we go to south korea for the story. >> samsung is a company that has been around for a long time. set the backdrop for us, brad. brad: some trying times but also some good times. financially, it is doing well. at the

carol: the success of samsung has been important to south korea, correct? >> not just samsung.ut samsung, the 20 years since it has emerged, there is a lot of pride in the success of this company. samsung electronics, it was associated with appliances in our home. some low-quality phones in the early 90's and now, right next to apple as the largest maker of smartphones and connected devices in our lives. that is the visible part. the invisible part is that they have an enormously successful semiconductor business. we visited a semiconductor plant south of seoul. you cannot imagine the scale at which they operate. they have broken ground and gotten operational in this facility in the span of two years. the digs into all 3-5 years or longer to get a fabrication plant up -- it takes intel 3-5 years or longer to get a fabrication plant up. it is unrivaled. they have managed to time these plans to coincide with upswings in the technology sector, that is one major reason why samsung has been so quietly successful over the last 10 years. carol: i like that who started out the segment

rishaad: samsung arming up the new numbers with the samsung

samsung.he south korean company. -- academy of south korean the things that should attended this company but continues to go forward and continues to be a good brand and make money. megan: we have wanted to tell the story for a long time. we look at the trials and tribulations they have gone through, from exploding phones to a corruption trial involving their founders. really facing protests and south korea. you have to understand what a fundamental shift that is. samsung has always been central to the south korean economy. wedded in the way america sees walmart or mcdonald's. really mapping the trajectory of a company that is faced photoevable -- a literally caught on fire and banned on airplanes. your own founder seen in handcuffs going to trial every day, and still record profits. is an unbelievable story by the genius that is brad stone. carol: we have a highs and lows from brad who travel to south korea for this story. samsung has been around a long time but it's going to trying times. se

samsung makes the chips. get out of its reliance on samsung because samsung went and tortured all the competition. it is hard for apple to go and ween itself off samsung. samsung can rely on apple and its business to basically subsidize the smartphone business it competes with. --ly: bloomberg's brad onlineis pushing into lending and other p2p financial services. their head of consumer lending tells bloomberg that china's pie is big enough for them. >> over the past few years we have noticed a lot of problems in this industry. the industry needs some revelation in place to enforce the activities and behaviors, and to make the industry developed in a good way. >> is it important to innovate before those regulations stifle innovation? because difficult space to it needs more innovate. a lot ofme time, players in the market are not self-contained. >> self regulated. >> regulated. regulation,nt and there are rules that need to be in place to make sure everything is fine. >> what is the biggest risk to you? >> ris

rishaad: samsung arming up the new numbers with the samsung galaxy+++ record profit.di: opening the bond market to renewed leverage. some say this is not a great idea. rishaad: world leaders preparing for g-20, trade, migration, and north korea topping the agenda in hamburg. let's get to this big corporate story. preliminary earnings out of samsung, not the phone side doing so great, but should business with -- chip business and the flagship smartphone winning over customers following that huge the follicle following the note 7, $12 billion in the three months at the end of june. i want simplified chart to bring up, the function of financial analysis, and that is showing you the main drivers of growth. this is what we see with mobile .nd semiconductors the oranges how much semiconductors are contributing to the bottom line, and green of being smart phones. that giving you the state of play for a company behind the scenes makes more money than what you see upfront. haidi: you have the reputational hit it took from the note seven debacle, but don't forget the heir appar

the silver lining for samsung, the numbers.ar, your area of expertise, chips really are flying. >> i don't care about phones, it is only the memory chips that matter. that is really what is going on. that is the heart of samsung as it became a modern, successful company and it is a success that has continued to this day. it has been brutal competing against samsung in the memory chip industry. basically everyone has given up apart from a few and that has had a commencement effect on the balance of supply and demand. those chips are going into all manner of new things these days helping on the demand side. samsung is definitely making a lot of money out of that market. caroline: fantastic for the chip side of the business. they are also in an area i'm not sure you're keen on either, organic l.e.d. screens. is this an area where the price can remain fantastic? >> i do care about it because it is basically semiconductor technology as well. if you want to make a phone with that screen, you have to go to samsung. they are the ones t

the problem is that apple can't get out of its reliance on samsung, because samsung has went and torturedf the competition, so it's very hard for apple to wean itself off of samsung. as a result, samsung can rely on apple and its business to basically subsidize its smartphone business that competes with it. emily: check it out. on stands now, brad stone, our global tech editor, ""bloomberg businessweek," thanks for stopping by. coming up, twitter continues to struggle. monthly active users and ad revenue falling in the second quarter. we will discuss what it means for the brand. a reminder of our new interactive tv function. find it at tv on the bloomberg. watch us live. send out producers a message. play along with the charts we bring you on air. for bloomberg subscribers only. this is bloomberg. ♪ emily: another stock we are watching, expedia shares rising in after-hours trading after reporting revenue that beat analyst estimates in the second quarter. expedia said it's gross bookings include home rental service homeaway -- bookings, including home rental service homeaway, beat ana

samsung displays are an apple product. samsung memory chips are an apple product. reliance on samsung, even at the high end of the smartphone market they compete. emily: they are trying to change that by designing their own chips? brad: right, but they don't make them. samsung makes the chips. it is a tremendously difficult competitor to unseat. the problem is apple can't get out of its reliance on samsung because samsung went and tortured all the competition. it is hard for apple to go and ween itself off samsung. as a result, samsung can rely on apple and its business to basically subsidize the smartphone business it competes with. emily: xiaomi is pushing into online lending and other p2p financial services. their head of consumer lending tells bloomberg that china's financial technology pie is big enough for them. >> over the past few years we have noticed a lot of problems in this industry. this industry needs some regulation in place to enforce the activities and behaviors, and to make the industry to develop in a good way. >> is it important to innovate befo

samsung. comes to the second quarter final numbers coming in, sales, 61 trillion won. that is slightly better than the preliminary numbers, up one trillion won. profit coming in net 14.7 trillion won. net income will be the won.10.08 trillion yet again, beating expectations on the second quarter. we will see the breakdown when it comes to cell phones, smart phones, and the recovery. these are the lines coming through. we will get the latest in a bit. they forecast record profits. we will see if they meet those expectations. second-quarter earnings minutes away. and, analysis from claire kim. this is bloomberg. ♪ ♪ kathleen: this is "daybreak asia ," i am kathleen hays in new york. yvonne: i am yvonne man in hong kong. more lines from sam song. a bit of a correction when it comes to the net income numbers for the second order, actually coming at 10.8 trillion won. trillionate was 9.75 won. the chip business coming in at 8.03 trillion won. i jump versus the first quarter. nearly four times more

despite all the scandals, samsung still appears to be making a lot of money. and the 620 meets in germany. we look at how america's protectionist stance is affecting its global position. hello and welcome to asia business report. i am sharanjit welcome to asia business report. i am shara njit leyl. welcome to asia business report. i am sharanjit leyl. from exploding mobile phone batteries to its chief executive being behind bars, samsung has had its share of scandals, lately. despite all about, has had its share of scandals, lately. despite allabout, it has had its share of scandals, lately. despite all about, it is more money than apple in the first quarterfor more money than apple in the first quarter for the first time, with profit coming in at over $12 billion. and as this mobile research a nalyst billion. and as this mobile research analyst explained, it is all due to its chip business. samsung has found itself in a fortunate position where there is undersupplied in the chip business and there is a strong demand for high capacity, high density memory chip

when you see a curved screen on samsung galaxy s-8 and see something similar on the iphone 8, samsunging them it's a two-horse race, apple and samsung in the mobile area, so they won't give up on that, but that business gets funded by the component business which has just been quarter over quarter a great business for them. that will not change. >> what do they make components for besides apple and themselves >> google, if you talk about hgc, if you talk about basically any smartphone that's out there, samsung probably has a part in it other manufacturers are involved i mean, by the way, we know that qualcomm has a part in the iphone, you know, and sometimes that doesn't always go so smoothly. >> when you're a competitor and supplier, that's like having the fox in the hen house, isn't it you're giving away your trade secrets here. >> apple and samsung have such a fascinating relationship we know that there have been lawsuits, you know, about ip, where they say you copied us meanwhile, they continue to do good business with each other. it's almost like they have found a way to have the

some research firms predict samsung is set to overta ke firms predict samsung is set to overtake intelg demand and prices for memory chips which of course i used in smart phones and computers. despite the scandal around the recall of galaxy note 7 last year, because of those exploding batteries which incidentally cost them billions in profits, there was also strong sales of smartphones, would you believe, including the new flagship galaxy $8. including the new flagship galaxy s8. there reputation was damaged and they lost their position as the world ‘s biggest smartphone maker in the first quarter and samsung also seen dented by the arrest and ongoing trial of the factory chief lee over a bribery scandal. we will have to live it there. thank you for that analysis. in other news: microsoft is to cut thousands ofjobs worldwide as it attempts to beef up its presence in the cloud computing sector. the technology giant wants to strengthen its cloud computing division but is facing intense competition from rivals such as amazon and google. the majority of cuts are expected to be outside the

el nuevo samsung galaxy s8... ya llegó a t-mobile.rminÓ en baÑo de sangre. hombres armados con cuchillo, asesinaron a 11 personas. la fiesta se llevaba a cabo en la parte exterior de una casa. alejandro madrigal, nos tiene mÁs informaciÓn. alejandro: asÍ quedaron los cuerpos de las 11 personas asesinadas por sujetos que irrumpieron en una fiesta infantil en el municipio de hidalgo. >> realmente eran una persona tranquila. se veÍa que era una persona muy tranquila. alejandro contra la sangre, cubriÓ el piso de esta casa. murieron siete mujeres, cuatro hombres, entre ellos dos menores de edad y otros cuatro menores sobrevivieron. >> vimos la fiesta, estaban los niÑos y de ahÍ ya no supe nada hasta la maÑana. alejandro: de nueva cuenta los asesinos salieron por aquÍ. esta masacre podrÍa tratarse de un ajuste de cuentas, pues uno de los ejecutados tenÍa antecedentes de secuestro. de acuerdo con el sistema nacional de seguridad pÚblica, la cifra de asesinatos en mayo, es la mÁs alta desde 1977, superando el rÉcord de 2011 ccon mÁs de 300 h

just one part of samsung's business will eclipse intel. it gives you the scale samsung is playing with. >> arjun, shall we talk about the phones >> i think we should >> galaxy, is everything forgotten about galaxy note 7 loss >> we saw they brought out a new phone called the galaxy note fan edition, for those fans who did not want to give up the phone when samsung was recalling them. this is the first time we'll see how well the flagship phone has performed. samsung made positive signals saying preorders are better than the s7 and analysts expect around 19 million units to be shipped. it looks like a strong quarter in the mobile business >> arjun kharpal, thank you very much for that. >>> let's talk a bit more about technolo technology the tesla selloff continues. shares of the carmaker are down more than 20% after hitting an all-time high in june. now even entering bear market territory. investors are skittish about tesla's disappointing second quarter delivery figures it seems elon musk had bigger concerns than second quarter sales tweet

amazon.com facebook, alibaba also helped samsung railing ona alibaba also helped samsung railing on atain types of chips nearly doubled from a year earlier and record highs this year shrugging off all the drama that the company has had to endure. thank you very much. in other news: german car giant volkswagen has said cooperating with rivals is standard industry practise and that it helps customers by speeding up innovation. the comments, following an emergency board meeting, come after allegations in the german press that bmw, daimler and the vw group engaged in collusion over diesel emissions and other issues including pricing— claims they have dismissed as speculative. let's ta ke let's take a look at the markets. tokyo stocks and other markets in asia rose on thursday morning. that was back at optimism of the companies posting results better than expected. the dollar fell after federal reserve is kept interest rates on hold as expected but it has given expect is an appetite. the three main us markets moved higher as us stocks surged to a fresh record highs. the dow gaining almost

samsung at record highs, not surprising given their profits at the estimates.ngabout net income $9.6 billion last quarter. chart on the bloomberg showing you that samsung's revenue is about 12% of the $1.4 trillion korean economy. the larger part of that economy in 2013, and were seeing this conglomerate driving not only the south korean economy but also the market. let's discuss a little bit more about their earnings be. net income of $9.16 last order thanks to the new gallic -- new galaxy s8. peter, give us some of the highlights from this earnings result. peter: as you say, it was a strong quarter for samsung. ,stimates had been quite high about 10% ahead of the average analyst estimates. the smartphone was a combat from the troubles they had last year and the chip business has been very strong for them. samsung is benefiting not just in this mark phone business but also making a lot of the components and selling them to their rivals including apple and some of the other strong competitors. talk about the chips business, is that because the prices are still

el nuevo samsung galaxy s8... ya llegó a t-mobile.s calorías y la mitad de carbohidratos. miller lite. hold true. enrique: la cÁmara baja en alemania aprobÓ hoy la legalizaciÓn del matrimonio entrepersonas del mismo sexo. el proyecto fue aprobado e impulsado por los demÓcratas. la iniciativa contÓ con 393 votos a favor, 226 en contra. gobernadores siguen cayendo como fichas de dominÓ en mÉxico y todo por temas relacionados a la corrupciÓn. hoy fue girada una orden de arresto en contra del ex gobernador de chihuahua. lo vinculan con junto a otras personas en un caso de corrupciÓn para beneficiar al partido revolucionario institucional, quitÁndole dinero a trabajadores del estado de hasta un 20% . alejandra madrigal tiene mÁs desde la ciudad de mÉxico. alejandro: cÉsar duarte es reclamado por desviar mÁs de $60,000 para financiar las elecciones de 2015 en nueve estados. se trata de la segunda orden de a presiÓn en contra de duarte. se le acusa de que a travÉs de la secretarÍa de hacienda del estado, des contaba hasta 10% de los salarios

we're going to have the latest on samsung's move to salvage galaxy note 7 parts for a new device.nd china is opening up its $9 trillion bond market to foreign investors — we have the latest from the markets on how they are reacting to that news. and we'll be getting the inside track on augmented reality — after the failure of google glass could the future of the technology be more usefulfor big business? elsewhere, as tents go up outside wimbledon with tennis fans desperate to get their hands on tickets, we want to know — what would you queue through the night for? a chance to watch this show maybe? just use the hashtag bbcbizlive. hello and welcome to business live. chinese president xijinping is in russia for talks with his counterpart vladimir putin today. trade is set to be top of the agenda ahead of the 620 meeting of global leaders later this month. the visit will be xi's sixth tour to russia since taking office in 2012. and their meetings seem to be bearing fruit — according to china, trade between the two increased by over 26% in the first four months of the year, reaching

>> yes, well samsung overnight came in with earnings guidance of 14 trillion, a 72% year-on-year jumpysts are expecting apple to report an operating profit of 10.9 billion u.s. dollars. so samsung could for the first time trump apple's operating profit this is driven by three faektct, the semiconductor division, mobile and the display division. i'll jump into each of those semiconductors seeing great prigs ri price rises because of supply shortage and data center demand because computing. this is the first quarter we will see how well the s8 has done analysts expect about 19 million units to be sold and samsung makes oled displays, next generation displays the apple iphone 8 anniversary edition will have some of these panels in them apple ordered 70 million oled displays from samsung, giving it a huge boost to its business there are challenges for the company. the iphone 8 is coming out later this year. samsung will face competition from apple and numerous other smartphonemakers, and investors are waiting to see what happens with the $8 billion acquisition analysts still seeing 16% up

just did.this is a remarkable comeback story for samsung.less than a year ago, samsung had to recall after videos emerged of the phone catching fire while charging.also -- samsung's de facto leader is currently on trial, charged with bribery and corruption.jay y lee's trial is linked to the huge bribery and corruption scandal that brought down former south korean president park geun-hye. lee's lawyer has denied the charges.despite all the troubles, samsung just keeps making money.this latest profit boom was driven mostly by strong demand for samsung's memory display panels and memory chips.that demand is expected to continue through the next few months.samsung's chips are found in everything from data servers to smartphones -- including iphones.so that means even if its rival apple is doing really well -- samsung is still winning. (pam) new at 10. we are hearing from the paparazzo ... who was accidentally run over by justin bieber yesterday night. the singer was leaving bible study in beverly hills at the time... and cameras were rolling. reporter jasmine viel has more from southern

just did.this is a remarkable comeback story for samsung.less than a year ago, samsung had to recall7 after videos emerged of the phone catching fire while charging.also -- samsung's de facto leader is currently on trial, charged with bribery and corruption.jay y lee's trial is linked to the huge bribery and corruption scandal that brought down former south korean president park geun-hye. lee's lawyer has denied the charges.despite all the troubles, samsung just keeps making money.this latest profit boom was driven mostly by strong demand for samsung's memory display panels and memory chips.that demand is expected to continue through the next few months.samsung's chips are found in everything from data servers to smartphones -- including iphones.so that means even if its rival apple is doing really well -- samsung is still winning. the warriors have filled out there 15-player roster with a familiar facejavale mcgee will signed one a 1-year deal with the nba champs for the veteran's minimum of 2.1- million-dollarslast season mcgee was a valuable player off the bench serving as one hea

let's kick it off with samsung. what is behind the better results?g to do with the battery lasting longer? >> i don't think that is the core issue. is the robust semiconductors business. in terms of the battery fiasco, it is a cloud hanging over samsung, but is -- it is one that is dissipating. there has always been built-in tension there. what you have seen yesterday in ,erms of qualcomm suing apple is actually just a chapter in a legal battle that stretches back months. the two have already filed lawsuits and countersuits in california courts. manus: this is bloomberg. ♪ ♪ manus: welcome back. it is "daybreak: europe." we will take a green printer from wherever it comes. the bond market shifted down yesterday along with global equities. u.s. one put 7% in value. we are seeing a small moment of what i would call shortcoming. let's get to the business flash. juliette: warren buffett berkshire hathaway energy unit has agreed to buy texas's largest energy transmission operator. the all caps offer -- all caps offer is $9 billion. endingeover is key to t

we digest the results of alphabet, facebook, samsung and amazon.e bank that's the wrong way on u.s. inflation, sending second-quarter revenues south. we want to -- we will hear from the leader of germany's largest investment bank. >> we said that if revenues do not meet our expectations -- the -- there is good and bad. the micro investment environment and europe is still very positive. >> this is bloomberg. ♪ ♪ david: this is "bloomberg best, " i am david gura. let's continue with our week's top stories. tech earnings, starting with alphabet. >> alphabet shares dipping in after-hours trading. google's parent company releasing second-quarter earnings which initially sent shares soaring, then turned south. revenue for the search giant came in at $26 billion, up 21%. year-over-year, but aggregate costs dropped 23% from a year ago. these numbers include the effect of that $2.7 billion fine from the european competition commission. i spoke to the cfo about the fine and she told me, it is so early for our analysis of the decision and it is illegal mark -

of course, samsung is such a big part of the south korean economy. >> it was a strong quarter for samsungtes were quite high, about $9.6 billion. that was about 10% ahead of the average analyst estimates. so, a strong performance and part of it was driven by the smartphone business, the galaxy s eight a comeback from the note , 7 troubles that they had last year, and also the chips business has been very strong for them. so samsung is benefiting from not just the smartphone business itself, but also making a lot of the components and selling to them to their rivals, including apple and xiaming and other strong competitors in this market. >> you know what, it was a very , very solid set of earnings. we are used to these crazy beats, is that why you don't sound very impressed? >> well, it remains a tough market, if you look at the overall smartphone market, it is still very flat and it is very , difficult to differentiate that smart phone from hardware. whenever there is there is act launch rush to create a revenue search, -- samsung can differentiate their product beyond just the hardware.

samsung fans, and samsung, forced to recall their galaxy note seven's after number every devices explode in the flames. samsung doing not have a plan to re-sell the version in the u.s. >> tezsla, turning out it mass market vehicle this week. tweeted the model three has passed all of its requirement, and first line expected to be finished friday. tezsla plans to produce 100 cars in august and 20,000 in december. the cars have sticker price of $35,000. >> here is a question, when were you seven, were you thinking about business or own your own business? one little girl from little rock, arkansas is, she is working her own food truck. take a look. tyla williams making popular pineapple snow cones with the help of her mother, the idea started small with a lemonade stands, but as the popularity grew, her mom saw an opportunity to invest in her daughter's future. >> i kind of want her to give her the opportunity to see that there is many options she can do and be whatever it is that she want to be. this is just only the beginning for us. >> very cute. way to go. lemonade isn't the only thing o

samsung says it hasn't made a decision yet on selling the note fe in other countries.mpany has said in the past it has no plans to sell refurbished note 7 devices in the united states. the warriors will defend their championship next season with all five starters. golden state and zaza pachulia have reportedly agreed to a one-year deal for 3.5 million dollars. the veteran center is expected to make 20- percent more... since joining the team last july. by kevin durant willing to take a paycut of nearly 10-million dollars the warriors will try to fill their last roster spot by re-sign javale mcgee on the veteran's minimum of nearly 2.5 million dollars (wipe to nick young) it was a busy day for golden state the warriors newest player, nick young arrived at the oakland's international airport to officially sign a one-year deal with the defending champs young spent the last four season with the lakers. the 10-year veteran is known for being a 'natural shooter'... he shot 40-percent from three's last season the warriors understand that if kevin durant didn't take a pay cut t

for the first time, samsung has ta ken the figures. taken a bite out of the apple in terms of quarterly profits. the south korean electronics giant says it will make $12 billion in the second quarter, a 72% bump compared to where it was this time last year. all because of strong demand for memory chips. some analysts say the company is on track to overtake intel is the world's biggest chip—maker in terms of sales by the end of 2017. it's a huge turnaround from where sa nsom end of 2017. it's a huge turnaround from where sansom was half a year ago. they were coming off the scandal of exploding batteries on the galaxy note seven. you wonder what they do with the other parts that are ok to use. in south korea they launched a new phone and said they launched a new phone and said the reason was because they wanted to minimise the environmental impact. let's look at how the markets have been getting on. 0vernight markets have been getting on. overnight in asia... traders have been watching political tensions on the korean peninsula, falling

samsung says it hasn't made a decision yet on selling the note fe in other countries.ny has said in the past it has no plans to sell refurbished note 7 devices in the united states. the united states. note 7 devices in sell refurbished note 7 devices in the united states. i'm meteorologist lawrence karnow. we'll take a closer look at the weekend forecast next. - grocery outlet is the home of "wow" savings. "wow" means you save 50% or more. there are three stages of "wow". denial. - is this price right? - acceptance. and boooyah! wait for it. boooyah has three "o's". ♪ grocery outlet bargain market ♪ - give $5, get $5. help us fight hunger, july 1st through july 31st. (steve) a 32-year-old man spent the past four years working at an oregon home depot... but last month he claims he was fired for "doing the right thing." reporter keaton thomas explains. dillon reagan worked at the mall 205 home depot for four years....dillon reagan, fired from home depot: "i was the regular closer at the tool rental section."but a few weeks ago he was fired.he says this is why.dillon reag

cheryl: the video was fascinating at least, thank you for that, samsung.et and min street are going to be watching when the biggest economic report of the month is released this morning. the june's job report could be another disappointment, and economists are looking 179,000 new jobs and that's compared 130,000 for may. unemployment rate expect today hold steady, we will have complete study and analysis on mornings with maria, all of that starting today at 8:00 a.m. eastern time. lauren: right now let's bring in rob morgan because fed janet yellen goes into congress next week for semiannual testimony. what can we expect janet yellen to say, rob? >> well, lauren, it'll probably be typical fed speak and she probably won't necessarily reveal a lot. i think what we are looking for is some details of this long-awaited balance sheet reduction plan. basically when does it start? when does it end, where does the balance sheet end up? that's what we would like to hear? gron we will. if i were asking the questions, that's what i would be asking. cheryl: we have the

samsung says we'll beat you by two weeks.n fact, also we've seen from sales numbers that people have been loyal they got -- despite there being such a crazy issue with samsung and phones catching fire, the sales suggest people have remained loyal most people are buying the phones because of the operating system, not necessarily anything else it's hard to get people to switch over from samsung to apple. >> brand loyalty >>> coming up, why net neutrality is anything but neutral for u.s. tech giants >>> as we head to break, a check on the action in europe. mixed day of trade uk market market is the stand out, up about 0.3% as we look at the pound moving higher. "worldwide exchange" will be right back ♪ we're drowning in information. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley. ♪ i love you

laptop ban is lifted from one airport, and samsung finds a new use for the note 7.ana saberi is at the new york stock exchange with that and more. good morning, roxana. >> good morning, anne-marie. here on wall street the s&p scored its biggest begin in the first half of the year since 2013 while the nasdaq gain was the best in the last eight years. the dow lost 14 points, the s&p finished 14 points lower and nasdaq was down 24. markets will shut down early today and close completely tomorrow for the fourth of july u.s. holiday. the uae's flag carrier at the airways put in tighter security measures and abu dhabi airport has customs screening. they're the only airline operating direct flights from abu dhabi to the u.s. >>> syria started a new bank note with the face of president bashar al assad. it's first time assad's face has but opinion on money suns he took office 17 years aeld. >>> this friday samsung will start selling cell phones from recycled parts of the note 7. it was recalled because its batteries are known to catch fire. they cost $611. for now it will be

. >>> samsung is expected to report its best-ever quarterly profit later this month.ing memory chip sales, the south korean tech giant would move past intel as the largest semiconductor maker by revenue. samsung's second-quarter operating profit is expected to jump 67% from a year earlier. the news comes despite samsung's costly withdrawal of its galaxy note 7 smartphones which were prone to catch fire. >>> the first units of tesla's new model 3 are expected to roll off the factory floor on friday. the automaker's latest electric car designed for the mass market sells for $35,000. it passed regulatory requirements two weeks ahead of schedule. the first 30 owners are expected to get their cars by july 28th. by year's end, tesla hopes to produce 20,000 model 3s a month. >> reporting from the new york stock exchange, thank you very much, roxana. >>> still to come, soaring spirits. more americans are enjoying hard alcohol, and that's fueling a boom in craft distilleries. s than i used to. i even accept i have a higher risk of stroke due to afib, a type of irregular heartb

and now, lease 2 samsung galaxy s8s for the price of one.ple with hearing loss, visit sprintrelay.com. and now, lease 2 samsung galaxy s8s for the price of one. for people with hearing loss, visit sprintrelay.com. close your eyes and make a marshmallow wish. it can come true by winning one of 10,000 boxes of only marshmallows. find your code in special boxes of lucky charms. they're magically delicious this is the brand new samsung galaxy s8.guys? first thing you need to discuss is that display. the s8 plus has a higher resolution. it is just... it's beautiful. one of the best cameras you can put in your pocket again this year. we have gorilla glass 5 front and back. ip68 water and dust resistant. everything out the way... save that s8. ah, i love this phone! >> reporter: in october 2015, the rob cantor murder case went to trial. almost every day for the next two months, rob's friends and family would be there. tony's friend sandra milon, who now lives in france couldn't come to new jersey to support him. did you follow the trial? were you a

the cost samsung over by billion dollars in operating profit.r a only be available in korea and will retailfor a much lower only be available in korea and will retail for a much lower price than the original. let's now have a look at what we are watching this week on the business and trading front. on tuesday, the reserve bank of australia will be announcing their cash rate decision. the central bank is expected to give it at a record low of 1.5% at its monthly meeting. and moving to the next important day, and the european union ramps up talks with asean. senior officials from both sides are meeting in bangkok. and world leaders and central bankers are gathering in hamburg for the g20 international summit. let's have a look briefly at the markets. and at the open, the nikkei is getting 45 points. the all of mary ‘s index is down by 83 points in early trade. thank you for investing your time with us. i am rico hizon in singapore. sport today is coming up next. stay tuned for that. you are watching bbc news. our top stories you this our: —— hour:

tsb and samsung are hoping that others won't go to that sort of trouble.etrics center in pittsburgh, they've developed a system that can identify the irises of people moving in a crowd from up to 12 metres away. but if the eyes don't have it, the face just might. back at bristol robotics lab, this 3—d face scanner is using a technique they've developed called photometric stereo. two invisible lights flash at high speed, allowing the camera to capture the orientation, shape and texture of what it sees. so far, it has a 95% accuracy rate but that's good enough to attract some major investment. they are working with cubic, which develops the oyster card, contactless payment system used in london's trains and buses. it's being part funded by the british government to innovate gateless technologies, allowing passengers to simply walk into a station and onto a train. you can imagine, if you can get rid of the gate line in a place like victoria station, there's a massive potential for increasing throughput. so we ran quite an interesting project for them, which t

now, samsung is the king of the semiconductor world. intel had $4.4 billion in revenue. samsung said it raked in $15.8 billion. >>> what would it feel like to be the richest man in the world? amazon founder, jeff bezos, got to find out for a few hours. amazon's stock shot up, forcing his fortune to over $90 billion. the celebration didn't last too long. he was bumped back to number two several hours later. i bet he's bummed about that. >> i don't think he's sulking about it. not at all. >>> to florida now and what was junior's lucky day. >> the 12-year-old pup in miami beach has arthritis and bad eyesight. but somehow, he ended up in biscayne bay. >> oh. >> the lucky part -- junior was rescued and was spotted there, struggling in the water. and he was a firefighter who just jumped in to save him. >> i love that, before he's out of the water, the pup was licking the firefighter's face. >> was he already? that's great. emilio talked about the special rescue. >> he was exhausted, just by the way he was breathing. he was barely able to keep his head up out of the water. so,