plus, tech pain spreading as samsung shares apple's misery.oftbank is investing another $2 billion in we work, but a lot less than the $16 billion softbank plans to spend on a controlling stake. we will dig into why. first, to the top story, the world's largest tech expo is underway in las vegas. tuesday's opening keynote was delivered by ametty. she talked about how it is impacting business and the client is big and diverse as exxon and walmart. we spoke with her after she delivered her remarks and talked first about ibm's relationship with delta. >> we had a great conversation at delta. we have done a lot of work together. it boils down to all of the different ways you can make the flyer experience better. everything from recognizing who we are and your history without saying anything. if your flight is canceled, all of the work we have done to build a strong datalink and say not only here is what you should take, but predicting what is the right compensation for the right system. at the other end of the spectrum, it is maintenance. the othe

samsung is gaining ground.d, it would be positive for samsung with competition among the three biggest players. in a: let's not bring portfolio manager from hong kong. we saw a more dovish fed. does this give more leeway for the pboc and china in terms of policy? >> well, it is very good for asia. a year ago i have been worried that rising rates would be very bad for asia, especially places like southeast asia will be forced to raise rates in response but it looks like that will not be necessary. i was a real rates here in asia are still positive on the home and that leaves room for central-bank to cut rates. asia is one of the only places in the world today where they have the potential to cut rates while everyone else is tightening policy. haidi: lots of companies right now focus on china, they are really concerned about an economic slowdown there. tons of companies coming out and talking about the chinese economy. this chart on the bloomberg showing chinese consumption trends and income growth trends as well

it is a matter of time, a lot of people believe that samsung before samsung starts to rebound before the low it is hitting, the first quarter is a traditionally low time for demand. what can we expect from the next galaxy iphone launch, especially when you have concerns surrounding the ability -- of the market to absorb higher prices. we saw apple's lap out a product and rip up the price. what can we expect? >> the galaxy smartphone lineup is very important for samsung. it is also very important for the global market. something ofill be a barometer for the global smartphone industry. for samsung it should be bouncing back from its low in memory chip sales. there is momentum coming out of the smartphone industry globally. if apple does badly with its sales, that means apple will buy fewer memory chips from samsung. samsung is relying a lot on not just apple but also its own smartphone lineup. to be able to drive demand for its memory chips. thank you very much, our --hnology editor sam king sam kim. literally dropped last week, profit fell by 80%. samsung under pressure, if this -- is

samsung coming through with that.details on that as that sales and operating profit number for the fourth quarter missed analyst estimates. coming up, the president of the u.s. general assembly joins us in the new york studio discussing trade, geopolitics and more. this is bloomberg. ♪ >> this is "daybreak asia." i'm in sydney. >> and i'm in new york. u.s. and chinese officials are painting a picture of some optimism on trade talks in beijing. but president trump's america-first program is seen as a mange risk and a stiff challenge to multilateralism. to discuss all of this, maria espinosa. president of the united nations general assembly. thank you for your time. we're talking not only about protectionism but also nationalism. of course we have the ongoing partial government shutdown here in the u.s. because of a border wall with mexico. can nationalism and multilateralism co-exist? >> i think it depends, first of all, hello. very happy to be here. it depends how you define nationalism. sometimes we tend to confuse t

servers to boost sales, they buy memory chips from samsung.e,in about a years it's will be an inventory correction and analysts are hopeful the market will firm up any year. emily: iva chartier in the bloomberg showing samsung's revenue. it impacts the korean economy. how thetalk to us about trade talks and potential progress there could impact a company like this and its fortunes? selina: we are just hearing today negotiations are constructed, going well -- constructive, and going well, but we have to remember these are early days. everyone is working -- working toward the march 1 deadline. overall, we are seeing the trade tensions are impacting the u.s. and chinese economies. that is elevating the incentive of both sides to reach a deal. that hurts samsung because as we were talking about earlier, they have tentacles of across the technology industry. the broader hit on consumer sentiment and the broader slowdown of their economy, that is weakening demand for overall products in the memory chips being the line share of samsung's product. emi

that's the problem we are facing with samsung.he company has been expecting a recovery in the second half but bear in mind that this is kind f an anomaly with that picking up. but with trade uncertainty and also it continues to be quite high. it takes time for customers to take away and -- take a wait and see approach whether they want to restock the inventory. yvonne: people don't want to upgrade their phones, either, right? the 5-g smart phone, how is that likely going to revive profit growth do you think? >> we expect the smart phone will be impressive. it's a 10th year anniversary for the galaxy series. shipment wise it will continue to be sluggish. that that won't be enough to drive up profit much. although the company is likely to be the first in the industry to have the 5g handset the pricing would continue to kind of scare customers away. rishaad: this is the s10, could it change things? i suppose it has to be special. >> it has to be affordable. the 3-d camera may not be ready for the same type of facial recognition we ha

samsung president north america jim baxter in a fox business exclusive. we are very thankful because you don't do interviews at ces so we appreciate it. >> thanks. liz: kind of a bifurcated story here. china trade war, slowdown in chips and smartphones but also, the tariffs slapped on washing machines. we have got this washing machine business, samsung, that continues to grow. tell me what you're seeing as it pertains to the tariffs that the trump administration slapped earlier this year on foreign imports. >> i think we have always said that we think tariffs are a form of tax on consumers. in this case, the industry actually ended up after the imposition of the section 201 about $100 price increase on literally all appliances, all laundry products. so a category that was growing with the gdp is actually contracted in 2018. that said, we have ramped up our facility in south carolina which we announced with you one year ago. we have 600 employees. half of them, women. we are excited about introducing a new line designed for that facility which will continu

samsung warned.shocking warning almost as shocking when apple did it because that spark had already blown last week where apple said we have a slowing consumer in china so we will sell fewer phones. it was still disconcerting, samsung's issue is semiconductor chips. 70% of their business is selling these chips and others are all kinds of appliances. they are getting hurt. could it be a general global slowdown? he flat out told me it is a one two three punch. it is everything from a slowdown of their customer in china. it is a global slight slowdown that seems to be perhaps gaining a tiny bit of traction and then of course you have the tariffs on steel and aluminium and tariffs on washing machines. remember when president trump was one of the first things he did, he slapped tariffs on foreign made washing machines because whirlpool made a big stink about it, and that has really hurt samsung and lg, who is also here, another korean company. but david, i remind you, both of those companies have major op

samsung have less tha n is highly exaggerated.o share in china but apple have 9%, they are more effective. when is a general slump in phones, you can see how they will be majorly hit by that. they are basically hit overall. there is a rumour that softbank is decreasing their investment. we will see is the art to the fall in investments. they're going to have to watch and see how this goes. look at some really interesting stories to talk about later. in 20 minutes, we've got more from ces which is under in las vegas. talking about smart toilets, smart wood, foldable phones, it's all happening. if you're into that, ta ke all happening. if you're into that, take a look at our website. the indian government is saying that it is planning new laws to protect women abandoned by their husbands abroad. the wives often have no independent right to remain in a foreign country if their spouse cancels their visa. with no other source of income, they can face destitution. and there are cases of domestic abuse. ishleen kaur reports. it was a lot

samsung slides.ld's exist smartphone makerjoins apple in downgrading its profit estimates. —— biggest. good morning asia, hello world, it is a tuesday. radita join us world, it is a tuesday. radita join us for another exciting addition of asia business report. i am rico hizon. let's start off with japan, where the former boss of nissan carlos ghosn will make his first public appearance since his arrest nearly two months ago. he will be attending a hearing in court any time soon, where he is also expected to publicly defend himself against charges that he misused company funds. for the latest, charges that he misused company funds. forthe latest, is charges that he misused company funds. for the latest, is over the tokyo. wejoined outside the courthouse by the bbc‘s rupert wingfield hayes. this mightjust be the most awaited court appearance in japan. i think you are right. we have waited a long time to hear anything from carlos ghosn. he was arrested at tokyo airport on november 19. he has been held n

let's have a look at samsung. all over the faces morning.ongest win streak here since may of 2017. lower results, worsening demand for memory chips in smartphones. it seems like samsung executives are looking past all of this and saying the second half could be a little better. >> they are seeing the cyclical down cycle right now. they are looking forward to the second quarter where that pickup could happen. we also got the report out of south korean media that they walk focus more on non-memory business. reliant on be so that cyclical nature. but it perform so well for them, prior to this downturn. we knew that earnings would be down. but they missed by considerable amount in the fourth quarter. the net was down. was down withme their preliminary numbers that we got earlier. that was not much of a surprise. demand for chips is expected to pick up in the second quarter. earnings is also can -- set to improve. displays likely to the klein -- decline. we wanted some guidance on cuts. we did get it in november. a 20% cut. we did get a comments

samsung spooking the market.tell you what they said, and the market fallout ahead ousted auto legend and nissan charge carlos ghosn speaking for the first time since his november arrest. get ready. president trump pushes the border wall tonight on national tv as the government shutdown enters its 18th day. could it really finally be the end of the line for sears? why today could be the real make or break moment for the iconic american brand >>> and whoa nelly clemson tigers making history last night

samsung is feeling apple's pain.rade tensions and the slowdown in china hit samsung's memory samebusiness in the quarter apple reported anemic sales in china. that lets you log onto your bank account is buying one of its biggest competitors. the deal may be valued at up to $200 million. plaid is backed by goldman sachs. alix: futures in the green after a positive finish to u.s. stocks yesterday. momentumng a look at -- this is taking a look at momentum. does that mean we have actually found a bottom? it's a technical indicator that many look at. have we found the bottom? >> yes and no. i think we see one over the but i still wonder as we move to the rest of the first quarter that we may as well back down and retest the lows or at least get another big tip before we find the ultimate bottom for this move. the s&p got right down to its 200 week moving average of around christmas time. that was incredibly good support in 2016 and 2013 and 2011. since then as you mentioned we had the internals have been much better. we h

that is an important part of samsung. if apple is not doing well, it will not be good for samsung.le is samsung's just customer and you have the u.s.-china trade were looming. it is not a good business environment for samsung at the moment. what can we expect from new launches, what can we expect the next galaxy phone launch especially with the concern surrounding smartphones? >> as you know, consumers are waiting longer to upgrade their phones, so they, companies need some sort of breakthrough to drive demand. something they hope drives demand. there is a lot of skepticism. if apple is not doing well with its premium phone, that tells a story about how samsung might do. 's phones are not considered as premium as apple's phones. ares -- there anna: let's get a bloomberg business flash. california utility pg&e has seen its bond cut to junk status by s&p. the rating downgrade from triple b minus two b comes after the shares plunged yesterday on news it is exploring a bankruptcy filing. it is facing an onslaught of wildfire liabilities that are estimated to be as high as $30 billion f

samsung spooking the market. we'll tell you what they said, and the market fallout ahead ousted auto legend and nissan charge carlos ghosn speaking for the first time since his november arrest. get ready. president trump pushes the border wall tonight on national tv as the government shutdown enters its 18th day. could it really finally be the end of the line for sears? why today could be the real make or break moment for the iconic american brand >>> and whoa nelly clemson tigers making history last night as they rolled over the crimson tide worldwide exchange begins right now. zbliefrmt good morning, good afternoon, and good evening. welcome. i'm brian sullivan do you hear that sound you can still hear them partying at the tiger town tavern in clemson, south carolina. yeah, the game was played on the west coast, but i guarantee you all those orange paw marks off of i-85 are rocking already right now this morning because they did not go to bed we'll give you more on that historic win coming up first, let's get b

and samsung to be in their tvs so samsung's going to have itunes in their tvs and l.g.play there as well so you can watch videos on the tv, so expansion of ecosystem for apple is very important as they try to rebound from the decrease in sales of their iphones around the world. lauren: tim higgins, thank you so much for covering all of those bases with us. enjoy your time in vegas and remember what happens in vegas stays there. see you, tim. stay with fox business for all of your ces coverage. liz klaman will report live from las vegas throughout the week. cheryl: i like the blackout curtains in tim's hotel room. and yes, today is elvis presley's birthday. you might be thinking your gambling with your investments lately but stocks are off to a solid start this year after record losses for 2018. will the gains in january so far lead to a strong performance for the year? something known as the january effect. let's bring in jeremy bryant, portfolio manager at grady investments. that was the thinking that the january effect would lead to -- that's how the market would play

samsung plays into that.start getting better traction on efforts to stimulate while the u.s. is slowing. so i see a big convergence happening in 2019 between the u.s. and the rest of the world >> all right, guys good discussion. we'll leave it there on this market rally jurrien and alan ruskin. >>> the fate of an iconic american retailer. after 126 years, sears is due to announce liquidation plans today. courtney reagan is back at hq with more details on that. amazing story. >> sears has rejected chairman eddie lampert's $4.4 billion bid to save the company setting the retailer on a path to liquidation after more than 125 years in operation it's a sad day a bankruptcy hearing was scheduled for 10:00 a.m. this morning and sources tell cnbc the retailer plans to tell the judge it wants to liquidate and the hedge fund will protest that decision though esl declined to comment. they had until this morning to come up with an offer to save the company. when sears filed for chapter 11 bankruptcy october 15th, lampert

samsung feeling apple's pain.ons on china's slowdown for weaker chip demand. us.k you for joining different to what we saw >> yes andlast week? no. part of it has to do with the smartphone slowdown. but also samsung is a supplier for apple. it makes the screens. it supplies some of the semiconductor technology. it sort of has double exposure to this weakness. analystsy we saw some cutting their estimates the past few weeks. the decline isn't as steep as it was apple. francine: if samsung and apple aren't doing so well in china does that mean that we -- huawei is gaining market share? >> they probably are gaining some amount of share. there are three big players in china they are feeling a bit of a squeeze from. the market in china does seem to be slowing more broadly. tom: is samsung a private company masquerading in public shares? >> the family which controls samsung controls samsung and user -- has a huge amount of influence over it. as you have seen with so many companies that have an anchor shareholder. shareh

samsung of course. joining apple saying it expects q4 operating profit to decline 29% and estimates revenue to decline 11%, both below consensus. company pins the problem to mounting macro uncertainties, lackluster demand of memory chips and as well as intensifying competition in the smartphone business. samsung is world's larger maker of smartphone controlling 20% of the market which thinks the overall smartphone market likely contracted 3% in 2018. samsung stock fell today though it was already down hard in 2018 the stock dropped 24%. investors pay close attention to samsung business it doesn't just produce devices but supplies critical components, for example, it provides displays to apple and just last week, of course, stunned investors when it slashed the revenue guidance for the holiday quarter as it sold fewer than expected iphones. the company like samsung also talked about macro problems. ceo tim cook telling cnbc that the chinese company is economying with trade tensions putting additional pre

and china samsung also warned that business this forger won't live up to its really projections. and samsung is one of the big exhibitors at the consumer electronics show currently going on in las vegas whether self driving self rolling or self walking it's all there a number a growing or a growing number rather of traditionally non tech companies have also set up show at c.e.o.'s trying to give their product line a digital make over. i catching self driving cars connected to the driver's home device is one of the trends from last week that even and for b.m.w. an opportunity to go the extra mile presenting its driver less motorcycles for the first time in public legal we think there's going to be demand for is certainly motorcycle that's connected to firemen but it also helps riders be better riders and also safer runners the stuff lee the main the main thing minus kids robots the rubble and on the folder. shareable electric skateboards smog beauty devices it's one of the biggest tech shows featuring startups alongside to establish companies c.s. is expected to draw more than one

also came out with a profit warning just now samsung reporting a big drop in profits and the outlook is also bad only bards reporting from the frankfurt stock exchange only thank you so much. and same with the tech sector selves driving so rolling or set of walking it's all there. at the consumer electronics show in las vegas which kicks off later today as it has been the trend in recent years a growing number of traditionally non tech companies have also set up shop at c.s. trying to give their product line a digital make over know we'll hear from our correspondent in those vegas in the next report here's what might be soon coming your way on your daily commute. i catching self driving cars connected to the driver's home device was one of the trends last year that he wanted and for b.m.w. an opportunity to go the extra mile presenting its driver less motorcycle for the first time in public he would think there's going to be demand for is certainly a motorcycle that's connected to firemen but it also helps riders be better riders and also safer writers for stuff lee the me that made

apple shares among the biggest -- tokyo.n turkey of samsung and apple looking to tie services on samsung tds. sony adding a tenths of a percent. quickly checking in on the yen, it is holding steady after losing some ground. aussie an eye on the dollar, back above 71 u.s. cents after falling to a 10 year low last week. oil extending gains as the u.s. count falls and goldman seeing more weakness for crude. cutting its oil forecast for 2019. goldman has also cut its outlook for base metals. it's three-month target for copper at $6,100 from $6,500. copper prices under pressure off by 2/10 of a percent. haidi: sophie kamaruddin on the markets seeing that reaction to the markets. we are set for a pretty robust open to the week after some positives. we had the surprisingly strong u.s. jobs report, wage growth, and jay powell hinting the fed could be open to waiting and seeing what further data holds. is this kind of the stars aligning here or a delay of samples that we did not get? >> it seems like christmas came late this year. i think for asia in particular, there are signs that things might

we mentioned samsung.e are talking about xiaomi, but do we think what is happening with apple could put pressure on the u.s. administration and what is happening with xiaomi put pressure on the chinese to make a deal? josh: we know the president watches the stock market. that is a bad story to take credit for. hey, i am presiding over tough times for wall street and this iconic american company. he has not addressed it as i have seen yet. it continues, there would be political pressure that is inevitable for that. emily: tim cook has made efforts to engage with the white house. joshua burstein, thank you for joining us. with me.re sticking instagram is poised to reign as the darling of facebook apps, offering a lifeboat to the core platform during privacy concerns. digital share of budgets for ad buyers will double from 2018 to 2020. as the newas grown choice for launching new brands to reach ages 18 to 34. surveycording to 61% of respondents. coming up, wear a tie every day. run 365ank you cards, miles. t

to their samsung tvs.ove could be a step toward apple distributing content to devices made by other companies. back over to you. >> happy new year. >> good to see you, frank. >> good to have both you guys back. >> at the same time. >> i can't talk. welcome back, at the same time. >> the same to you. 4:41. >>> coming up next on "today in the bay," a little break from the rain, at least for a moment. >> that's right, roads are still wet as you head out. live look at palo alto 101, that's the only worry as you drive out and head to work this morning. it's going to be cool, though, some upper 40s as you head out the door. we'll look at the rest of our microclimates coming up next. >> the bay bridge i-80 starting to clear up. we open the toll lanes to cash payers. >>> welcome to monday morning. looks like a lot of folks probably headed back to work today. you actually see cars on the golden gate bridge. certainly wasn't the case a week ago about this time. >> a couple days ago. >> that was last year, a week ago

even though you think of apple and samsung as competitors there's samsung components inside an iphone. so the smartphone is not done, not over. we're still going to rely on them and use them but new things are coming and we'll see whether apple can come up with something remotely as big. peter: is facebook in trouble? walt: yeah, i think facebook's in big trouble. i don't mean necessarily economically, although mark zuckerberg has said he expects to make somewhat less money and he attributes that to some of the things he says they're doing to kind of clean up their problems and make it safer and better for the users. so -- but i don't many -- i don't think they're in big financial trouble. i think they're in trouble because i think fewer and fewer people trust them and my opinion, rightly so, i think they've made a lot of mistakes in the last not just six months or, you know, really in the last three years, two, three years and i think there's not a mass exodus from facebook but it's kind of plateaued, if i understand the numbers that i'm seeing correctly. some of that is made up by t

news from samsung.ken in the context of the slowdown in the global economy but also the information out of apple last week around the increased time with which people are holding onto their devices. the demand for chips being reduced. a victim of their own success partly. the hardware they are producing lasting longer and there are new businesses being impaired. that is a warning from samsung that their profits will come in 30% lower in the next quarter or in the last quarter. as far as the start of the year is concerned we have seen things to contend with. on the global marketplace at the back end of last week we had decent data out of the us economy during the jobs market which provided impetus to the start of this week which made people looking at the leading indicators of the us economy seeing things are not as bad as the data we have seen so that has meant investors have experienced a very turbulent quarter and have been more bullish on 2019. nice to see you. you are going to come back later with m

this is samsung has allowed apple to showcase movies and tv shows on itunes, on its own samsung televisionsts have been saying this was needed to happen. dan ives with bush securities says with services, a key part of apple, one of the only silver linings in a dark time of growth, tim cook and others need to double down. venturester at loup said further evidence apple is willing to change its hardware first approach and work with third parties to reverse -- to boost third services revenue. isdo see third services number two with revenue, $37 billion for all of 2018. the iphone in white is the number one portion for revenue. , we didresting thing glean some interesting pieces of information. the fact apple is partnering with samsung, they might have put the emphasis now on possible -- squashed any possible apple television set. haidi: take a look at it asian markets. seeing gains up close to 1.5%, energy now surpassing tech as the leader sector wise after brent has its best week since cuttingt week, goldman forecasts for oil. looking at new zealand, upside .4%, futures from tokyo to seoul to

samsung says the devices are aimed squarely at the millennial market.ederal authorities are investing chinese telecom giant huawei for stealing trade secrets. the probe is tied to a 2017 civil suit where a federal jury found while way liable -- found way --ay -- found while uawei liable. is at annvestigation advanced stage, and investment could come soon, according to sources. all declines to comment. the principal at albright stonebridge joined us to discuss. >> this is a long time coming. this is not new. but unfortunately, it is getting rolled up in the news of the u.s. and china are actually trying to come to some kind of resolution on a trade dispute, so this is muddying the waters. first we have the cfo's detention in canada, possible extradition to the united states. she is still in canada and potentially facing extradition. then of course this week, legislation being introduced on capitol hill that would ban u.s. companies from selling to huawei or zte, and then the prospect of this criminal investigation. emily: even the nominee for attorney ge

samsung debuted the equally giant ball size television and the new 8ktv. they unveiled the high tech refrigerator which can display the recipes on the door with all samsung devices, appliances and phones can talk to each other using artificial intelligence. samsung will debuted the new 5g telephone and all of these new technologies combined will give the company a big age with the business and consumer tech for 2019. we expect to hear much more about the smart home with innovations in gaming technology and even the ai powered robots. what would cbs be without ai powered robots. i am dan patterson for cbs news. >>> apple is making his presence known inside and outside of the event. the bay area tech giant has the massive billboard in the city, what happens on your iphone stays on your iphone. some say it is a small jab at rival google on user privacy. >>> there is new trouble for pg& e and the credit rating has been downgraded to junk after the stop price fail 22% yesterday amid the possible bankruptcy talk and they have now lost 60% ofvasince the camp fire

and china may also be registering in corporate earnings news a south korean electronics giant samsung cites market turbulence as a factor in falling profits samsung has disclose or operating profit figures for a q four and show a year over year drop off of get this twenty nine percent wow samsung preliminary figures for the quarter show an operating profit equivalent to nine point six billion dollars that's about ten point eight trillion one you may recall. last week apple blamed falling profits in large part upon the chinese economy samsung sales for q four fell by eleven percent compared to the same quarter of twenty seventeen sam some stock is traded in south korea on the korean exchange the k r x and traded down one and a half percent on the news. this morning in las vegas they cut the ribbon at the massive mind boggling consumer electronics show and r t america's big picture host and resident tech buff holland cook is there hala just how massive is this thing. apart at most conventions they measure the exhibit hall inspire feet here or think acres no one building can contain c.e.

so we immediately made a beeline to the samsung booth where we got the only interview with the s samsungim you have the warning, you have the china slowdown. he really kind of pushed it and said it is sort of a global slowdown, but when their biggest business comes from china and the u.s., you have got to figure it has something to do with the trade war. plus tariffs on everything from metals and of course we know what's happening with the steel world. i said, is it going to become more expensive to buy your products? he absolutely confirmed it will. you know, but he also said we're trying to make even better products that make it worth it to be buying things at a higher costs. that's something a lot of people are here are talking about because everybody knows that every single thing in here has at some point touched a supply chain in china. this is polaroid; right? i wanted to show you this. this is a 3-d mini printer that they have. one click and you have an instant printing, anything that you want, and this is really interesting kind of aspect here, but you have pieces of metal. you h

samsung is weighing in overnight added to the discussion as well. great stuff.well off the highs. off the lows as well we're back in a minute >>> it's been greet stuff from ces so far i know your day is getting started. what else do you have coming up today? >> a lot more to come. ceo of ibm is delivering the opening keynote later today. right after she gets off stage for that, she'll come over and sit down with me and join us on cnbc i expect to hear a lot about artificial intelligence. i expect to hear a bit about weather. ibm has the weather channel asset and provides weather data to a lot of different devices. i expect to hear her talking about ibm research and technology in way that reaches the consumer and hass an impact on the future. something ibm has struggled over the last couple of decades it's framing how its research is going to not only reach the consumer in form of product but add value in a way that provides growth and a stock boost for investors. beyond that, hewe have lisa su f amd. one of the best performing stocks last year also going to do a

he figured a new refrigerator was the solution but samsung said no, so he mailed his case to us. we contacted samsung and robert says it offered him a full refund, more than three grand, so he could go out and buy a new refrigerator. the company didn't explain what happened with those 20-plus service calls, but samsung told us it will "carefully review mr. kimball's experience in an effort to constantly improve our processes." we think that's a key part of the resolution here. yes, speaking up time-consuming, but companies that have kinks to work out, might not even know unless customerse photos and documents just like robert did. should you hit a brick wall, you're trying to solve a consumer problem, maybe we can offer a boost. the number is 888-996-tips or online at nbcbayarea.com/responds. >>> 4:58 for you right now. we want to go to mike inouye following breaking news on 880 with lanes shut down. >> the entire freeway is shut down. this is a live shot, a fire crew, ambulance, a deadly crash closes north 808. i'll show you the extend of the backup, where you do not want to go

, ali baba, tesla, samsung, sunny among facebook, ali baba, tesla, samsung, sunny among others.rket close, and the tech giant is expected to post a drop in first—quarter revenue due to lower demand for its iphones. now, given it's waiting, the share price reaction could have a big influence on the major indexes. now, another tech name turning in its report card is chip maker advanced micro devices. now, look for a rise in fourth—quarter profits driven by strong sales of its processors and graphics chips. other names posting results include harley—davidson and a number of drugmakers including pfizer. and on the economics front, america's central bank begins a two—day policy meeting. no change to its key interest rate is expected. a thorough rented from samira hussain on what is ahead on wall street. —— a cerro round—up. joining us is richard dunbar, investment director at aberdeen standard investments. lots of tech stocks this week, apple are always closely watched? they had are always closely watched? they had a trading statement at the start of the year talking about a weaker c

and china samsung also warn that this this this quarter won't live up to its projections. meanwhile american and chinese representatives are continuing their discussions about trade relations the stakes for companies from both sides are high goods from chinese mass production have long conquered shelves of western electronics and toy stores and in china u.s. brands like starbucks gillette or nike have to vote at customers now the ongoing dispute among political leaders could erode the loyal base with unforeseen consequences for business. the chinese buy more consumer products from america than they do from any other foreign country including japan and south korea american brands have grown to be such a status symbol in china's growing middle class that many cannot imagine life without them. young could imo trade between the two countries has reached far and wide and people in both countries cannot live without the other nations products the us cannot live without china and china cannot live without us products either. but that sentiment is tempered by the growing popularit

samsung is a global oucompany. a third of its revenue comes from the u.s. and latin america, 13% from korea, 15 from china. samsung stocks down 10% since november and more than 25% since may. but take anoer example. there's more signs of weakness in europe with german industrial production numbe coming in in a weaker print. look how the markets are faring. from december 3rd to the bottom on december 24th, the dow jones industrial average dropped 4,000 points. 4,000. it's now recovered roughly half of that decline. bond yields are on the rise. t yields on 2-year and 10-year treasury notes are slightly gher and volatility has been steadily falling. a widely watched gauge of fear, the vix, plunged 50e in n days. those are big moves. for "nightly business report," i'm bob pisani at the new york stock exchange. >>> there are reports tonight that the u.s. and chinese negotiators have narrowed their differences on trade. according to "the wall street journal" progress is being made on issues that includehe purchases of u.s. goods and services. though the two sides

even though you think of apple and samsung as competitors. there aretors, samsung components inside an iphone. the smartphone is not done. not over. we are still going to rely on them and use them, but new things are coming. we will see whether apple can come up with something remotely as big. peter: is facebook in trouble? yes, i think facebook is in big trouble. i do not mean necessarily markmically, although zuckerberg said he expects to make somewhat less money. to some ofes that the things he says they are doing to clean up their problems and make it safer and better for the users. i do not mean i think they are in big financial trouble. i think they are in trouble because fewer and fewer people trust them. my opinion, rightly so, i think they have made a lot of mistakes in the last not just six months, really the last two or three years. exodus it is not a mass from facebook, but it is kind of plateaued. if i understand the numbers i am seeing correctly, some is made up by the fact that they own instagram and instagram is growing and do

samsung is among the companies that the consumer electronics show with a self driving self rolling or self walking it's all there in las vegas a growing number of traditionally known tech companies also set up shop at c.b.s. trying to give their product line a digital make over. i catch him self driving cars connected to the driver's home devices one of the trends last year that he didn't and for b.m.w. and unfortunately to go the extra mile presenting its driver less motorcycles for the first time in public he would think there's going to be demand for is certainly motorcycle that's connected to marble but also something that helps riders be better riders and also safer writers for stuff lee than me the main thing minus the kids trouble it's a rubber clone for the folder. sharable electric skateboards smog beautify since it's one of the biggest tech shows featuring startups alongside to establish companies c.s. is expected to draw more than one hundred eighteen thousand visitors hoping for a chance to see the kind of tech likely to dominate consumer suggest the themes we expect to em

we'll get the full results from samsung laters this month.andset market is what seems to be the problem here for all of these players in that group. back to you. maria: it's true, cheryl. not only that, but this is the first time we're seeing this slowdown in the handset market as dan said for the first time ever. dagen, i thought it was interesting what dan said yesterday about how long people hold onto their phones. he compared it to an auto or some other big ticket item. for an auto, usually the replacement time is 10 to 12 years. for a phone, it's three years. he said he wouldn't be surprised to see it's four years. in other words, you're just holding onto the same phone for a longer period of time and why would you buy a new iphone or samsung phone when you know 5g is around the corner and so far apple doesn't have a 5g phone. it makes sense as far as what apple and samsung are seeing. dagen: it's the little thing about the battery, the battery would degrade over time with some of the older iphones which is not a problem anymore. because

of course that story about samsung impacting sentiment. it is heavily weighted on the cost.on new homes will have to be built in england over twenty years to solve a crisis in social housing. a report commissioned by the charity shelter suggests it would cost up to 11—billion pounds a year but would save the government billions in housing benefit payments because rents would be cheaper. it is tea—time the single mom lola and her young family in bristol. put onion in it. they were living in private rental accommodation but we re private rental accommodation but were evicted and had been housed by the local council as an emergency case. lola is thank you for a dash thankfulfor a case. lola is thank you for a dash thankful for a roof over their heads but says the uncertainty is stressful. people like us who just wa nt stressful. people like us who just want a home, stressful. people like us who just wanta home, we stressful. people like us who just want a home, we don't want a six—month left, we don't would be turfed out after a year, we need somewhere that is going to be a per

samsung is showing off a micro led display, which delivers extra high colour definition.iny micro leds, tightly grouped together, which can light up independently. this feature allows for very high contrast and extra bright images. and it is modular, so bits can be added to change its size and make for different viewing experiences. here is a 200—inch one. most tvs on show here are 8k, but most of the content we have isn't. and this is where ai comes to the rescue. manufacturers are building artificial intelligence into tv sets to up—res the content that they receive. and it's all about al in these halls this year. beyond voice activation for everything, even your toilet, ai is featuring in many smart devices. and i no longer need to worry how much energy my smart devices are using, because i've found a treadmill that will harness the power of my workout. i mightjust need to go a little bit faster. that was lara, and now, time to restart the clock. and it turns out nick is not the only one who's been to the gym recently. i'm facing up to a very unusual opponent. truth be

we saw that yesterday when samsung dropped 1.5%. lennar missed earnings and revenue estimates. the stock is up. you might expect it to be down but it was up 10%. it's not clear how much negative news the markets can handle before again turning down. a lot of the damage to the global economy has already been done. one economist seesn earnings recession still this year. early fourth quarter earnings are mostly beating. no surprise there. it's theuidance that matters, though. of the 20 companies that reported, 90% have beaten expectations but 70% had their expectations cut by analysts after they reported. where are they coming from? there's negative comments from apple, samsung andon mi they cut the profit growth forecast for the tech secto in half. oil prices dropped like a stone in the fourth quarter. no surprise. estimates foril companies' profit growth were slashed dramatically. it's clear earnings are slowi down, but how much? some believe earnings groh could be flattish in 2019. others thing in te m single digits. even if there's no earnings growth, the market valuations sti

i tunes video content made available on samsung smart t.v.'s apple plans to offer more services to reduce its dependence on i phone sales last week and she has plummeted after it lowered its southall try to beat the man for i phones in china go down the deal with the world's biggest t.v. make it could help apple expand its reach. electric comic at tesla as broke ground for its massive shanghai gigafactory its first top plant outside the united states at the ceremony test the boss you know must join the scene has met with no break the billion dollar project it's china's first holy florida and cop plant reflection of beijing's vote to shift to open its automotive market after the trade war with washington which has seen a rise in tariffs on cars important from the ways. britain's impending exit from the e.u. is hurting cami as they get into the biggest fall in u.k. convert just ration since the financial crisis with uncertainty over break that causing a drop in consumer confidence demand for new vehicles dropped last year by nearly seven percent

a lot to watch samsung warns on q 4 sears expected to liquidate.all. oil holding on to 49 we begin with the china trade trade.