how does the second half look for samsung?he second half, as we up the beginning, is extremely contingent on the price of dram and how quickly that bottoms out. actually, in many ways, it depends ironically on huawei. certainly, last week, there seemed to be some kind of hint of a reprieve from donald trump which was clarified by the trump administration would suggest huawei will stay on the entity list and may have improved trading, chain restrictions improved going forward. if the shackles are taken off huawei significantly, the price much,m will come about much faster, and that will bring sam's and's operating profit that to a level they would like it to be in the second half of the year. in many ways, it is contingent on that. difficult as the operating profit moving back towards the levels we saw this time last year anytime before the 2020. -- mid 2020. paul: you were talking about optimism around the galaxy 9. i want to talk about a more troubled model, the fold, which has been redesigned. this is the folding smart phone

tech exports to south korea have on samsung? potentially a major one. samsung?ne. samsung could have two months of inventory, chips, they have to make those chips. the japanese supply is the master for etching the channels, as well as the gas, which does the etching. they can get some supplies from markets like belgium, but the mast themselves, that's the big issue. jake saunders on samsung electronics and online retail giant amazon is turning 25. what started as an electronic box store has morphed into something much bigger, but it also faces more challenges. they consider their birthday to bejuly the 16th, 1995, the day it opened online to the public. but incorporation date, july the fifth, isa incorporation date, july the fifth, is a good chance to look at how the so—called everything store has changed the world. michelle fleury has more from new york. it seems everyone these days is an amazon customer, so i've come here to put it to the test. hello. are you guys amazon customers? yes. yeah, big time. i don't to go to the store anymore, i buy everything onlin

overnight south korean chip makers lg and sk hynix were hit harder than samsung.oday you see american names being dragged down there could be a silver lining though for samsung while memory chips are its biggest business, it is the number one smartphone maker. so even though galaxy s10 sales have been sluggish, samsung could benefit from huawei's pain remember that huawei is the number two smartphone shipper. the idea is if huawei sells less phones samsung could ping up some of the slack. samsung makes components for rivals in device space and it is ramping up its 5g network equipment business other chip makers though, they don't have the potential upside and so they wait revived trade talks next week. back over to you, melissa. >> all right dedra bosa at the new york stock exchange we are awaiting the resolution of trade and the lifting of the ban on huawei. it is very unclear as to whether or not chips will be able to supply huawei anything at this point. we don't know how it shakes out. >> it is true. it is not a peace treaty, it is a truce in the short side. e

you did mention samsung. check in on that stop everyday kospi heavyweight, a bit of a bellwether for south korea as a whole. -- let's check in on that stock. half chip recovery. maybe signs of a bottom inditex recovery. beatinguarter profit, estimates. they did cut their sales forecast. we will keep an eye on that one as trading gathers steam in japan. let's check in on the first word news in new york. >> more tension on the streets of hong kong tuesday night. hundreds of protesters gathered around a police station. -- this was after local media said 4040 people -- 44 people were charged with writing. carrie lam painted a bleak picture of hong kong's economy. sterling continues its miserable run, following a fourth day in growing concerns the u.k. is about to crash at of the european union at the end of october. boris johnson suggested there may be no new talks for brussels, saying it is in europe's hands whether the u.k. leads without an agreement. he says he did not want a no deal brexit but warns the accor

emily: how are issues impacting demand for the samsung phones?you mentioned, they have had a slew of branding problems and have been seeing declining profits in their mobile division. they also made the decision that smartphone launches will be similar to april and june. some of the bright spots in samsung earnings, one of them is display. we saw apple come out with earnings recently that had strong results, stronger demand than it expected, so that is expected to be a bright spot in this display screen area. another bright spot executives touted on the earnings call is the development of 5g and the growing demand for 5g chips. however, it is still early stages and there's a lot of skepticism about how that will play out for the rest of the year. it is worth pointing out that another reason why there was such a negative share impact after their announcement is that they ended up delaying the announcements in shareholder return plans until next year, concerns to global growth and geopolitical uncertainty. emily: what are you watching when it comes

there is no pickup in end market demand and this is impacting samsung and samsung's competitors.ps this is why japan is trying to exert their influence and trying to extract more economics, realizing the suppliers have no visibility on an market demand. if japan can capitalize on this situation, maybe it would work out better. we just don't know when the cycle will turn around anyway. emily: quickly, are there non-south korean ship companies that can benefit? mehdi: hypothetically, yes. whoon and western digital are competitors would benefit on the memory side. on the display side, there are taiwanese display manufacturers that would benefit. also is one of the manufacturers of other components, so yes, there would be a few competitors that would benefit. as i said earlier, japan needs componentsisplay from korea. a big buyer of display from samsung and they will eventually hurt themselves. shery: thank you for your time today. that is bloomberg technology global link. do not miss uber technology at 7 a.m. in sydney, 5:00 a.m. in hong kong at 5 p.m. in new york up next, an interv

samsung, that's the biggest part of its business. if you look at the smartphone shipments for the first quarter according to idc, samsung, apple and xaomi all declined huawei shipments have been surging, about 50% in the first quarter. so there's certainly a place for market share to be taken away if we do see a decline in huawei and shipments for phones in the second quarter, perhaps that could help samsung gain traction back >> let's look at how the rest of the european markets are faring. we've seen how this impacted chipmakers in particular, but now the more broad sectors across europe. the ftse 100 is in negative territory. some interesting developments around iag the norwegian shares have been soaring on the back of the latest report in a spanish news website that iag had to deny. the xetra dax is in negative territory as is the cac and the ftse mib you can see why we're seeing that going on. the real estate sector is 0.6% higher telecom, 0.6% higher miners doing relatively well on the back of some of the prices we've seen rece

can we glean anything from the weakness in samsung over to apple?e's some speculation by analysts that the big one time payment that samsung got that helped out on its profit line might be an indicator that one of its big numbers like apple or huawei may not have been able to meet their contractual obligations and was forced to pay themselves out of not taking more screens than they needed to do so. if that is the case, that is a bad sign. we only have speculation as to who that is. taylor: we will await the real numbers. more official numbers at the end of the month. that was bloomberg's ian king. the korean company has completed a redesign of its delayed galaxy fold smartphone. several publications including bloomberg reported screen malfunctions with test versions. while a release date has yet to be announced, the phone is expected to be the world's first mass-produced foldable smartphone and could help the company revive itself. bloomberg explains how devices like the fold could be the next growth driver for smartphones. >> many don't remember l

we had samsung earnings worse than expected.hey saw earnings cut in half entree tensions and oversupply with the market. all the kingmakers fall today. analysts over bank of america had products for intel. they are facing a crucial second half of the year. china is a headwind but you need to take a look at the pipeline for these companies as they enter h2. taylor, great job. thank you very much. is our guest joining us from los angeles. post the payroll number, do you think you are changing any of your views on allocation ? while get through where you are as anything has changed. komal: we are coming to the private stages of the bull market and today's job market does not change. clearly, if you are a traitor -- trader, you sold off on the basis of the jobs report. when the feds comes back, on july 31, stocks are going to shoot up. if you have 2.5 cuts for the rest of the year, if you have anywhere from 2-3 cuts coming for the rest of the year that is going to boost the market for some time the question is does that cost the ses

samsung electronics for different reasons, down 2.8%. at one state, it was the lowest level in three months. the earnings call does not exude confidence, saying the current trade war was producing all sorts of imbalances and uncertainty, which has made people delay buying chips. the margins on chips are also narrowing. let's look at pmi. it was showing a little bit of an uptick from the previous month. these large companies seeing what is going on. large company pmi. the medium-size intercourse. white is small company pmi. it was still showing contraction. that's currently the position we do have. let's find out what is going on with the latest from the american president. david: we were talking about dinner, jazz, and an angry tweet. president trump lashing out at china as trade talks resume in shanghai. he is bashing beijing for what buyalls an unwillingness to american farm products, saying china continues to rip off the u.s. he is warning china wants a deal, but he has the final say. >> china is dying to make a deal with me. whether

how is that going to affect samsung?: samsung has said it reviewing measures to deal with the japanese move. bloomberg intelligence does not recommend will be much in the in the long-term when it comes to restrictions from japan. there will be initial slowdown when it comes to wafer fabrication, but eventually, the smaller korean suppliers to samsung are seen coming in to fill that gap and that prospect did see a group of korean suppliers surge. paul: thanks very much. let's get a quick check now of the latest business flash headlines. deutsche bank job cuts in the u.s. said to go far beyond equities and interest rate derivatives trading. expects itsthe bank latest restructuring plan to be accepted over the weekend with u.s. staff informed of job losses for monday. poised to adopt sweeping changes that could see as many as 20,000 employees lose their jobs worldwide. the board of a german lighting company says it supports a takeover bid from bain capital in the carlyle toup who have teamed up offer 35 euros per share. the

what about samsung? >> samsung is still the main growth driver for now, semi conductors. market is expected to recover in the second half of the year. we will find out on friday when samsung releases pulmonary earnings of? david: edwin, thank you so much. editor.n tech rishaad: ok, let us tell you about what is coming up. doesn't look very nice there -- the terrible rains in mumbai, some of the worst we have seen in years. the monsoon hitting the city and hitting the city hard. but trading will get underway in about an hour. our reporter is there it a rather wet mumbai. how are india markets set up? what is the set up looking like? two straighten days of gains in equities, and it led them to a two-week high. there is a little bit of improvement in the sentiment ahead of the presentation of the union budget later this week. however, there hasn't been as much enthusiasm from portfolio investors considering what we have seen in the last couple of -- incounseled off by the the weeks preceding that. so we will be keeping an eye on that. of course, the next few days will set th

that impacts firms like samsung, crucially, it ma nufa ctu res firms like samsung, crucially, it manufacturesy chips that go into smart phones and that is still its top owner and once demand for new phones. soders to matt everitt chips, wet experiences deep bowl of 71% ——so to does demand for its chips. it is a notoriously cyclical industry and is seeing a downturn after a two—year boom, mainly due to slowing demand for gadgets such as smartphones. they have also previously blamed the us china trade before a drag on earnings and may be facing a more challenging humans are south korean chipmakers are being hit byjapanese curbs on exports of key materials is that diplomatic row worsens. sharanjit, thank you very much indeed. now let's brief you on some other business stories. authorities has confirmed they have located the body of indian coffee baron vg siddhartha from near the netravathi river, in the southern indian state of karnata ka. mr siddhartha, the founder of the cafe coffee day chain, which has 1,700 outlets in india, went missing monday. the us has urged south korea and japan to cons

samsung out of the gate falling there.ocus on the japan spat with south korea export curbs. those will be discussed at the wto meeting next week. checking in on aussie bonds, continuing to selloff, traders will be watching for the sale of 2041 notes from australia this morning. in the commodity space, prices coming under pressure, brent off 1/10 of 1%, barely holding onto last week's game after tropical storm arey shut down three quarters of production in the gulf of mexico. tropical storm barry. on futures in singapore, losing ground on chinese gdp data. bolster the case which would lifted in commodities. paul: sophie thank you. asia starting on the back foot as key gdp numbers from china are weighted along with a string of other economic data. live, strategist mark cranfield. housing nick it will these numbers be today? -- how significant will these numbers be? >> very. not just gdp, but industrial production and retail in the mix. people will be focused on whether china gdp can retain the 6% handle which has been talked

japanda: when it comes to curbing exports, with that effect samsung in any way?ee: it is a really complicated issue. i think the japanese export curve would bring impact samsung and overall tech giants. is highly chain dependent on japanese suppliers at this point. to findis trying hard substitutes. it is really hard to find the local suppliers that will meet the high and material. it will take some time. yvonne: thank you. just want to check your chinese markets before shanghai goes on a lunch break. pretty much flat with shanghai composite down just below 3000. this is bloomberg. ♪ shot over the lion city. singapore.0 a.m. in we are keeping an eye on the first weekly decline. we have seen a contraction in exports. numbers signaling more downside to gdp. watching the federal bank. considering easing before that eating in october. inbefore that meeting october. let's get the first word headlines. juliette: greece heads to the polls on sunday with prime minister alexis tsipras struggling to defend four years of austerity and social ops people -- and social upheava

emily: i have a chart showing samsung's profit plummeting.hey released numbers last week that were not great. they are already suffering from larger geopolitical issues, economic issues. ian: this is absolutely a worst-case scenario for them. right now, they are facing demand constraints. the world economy, china, the u.s., all key markets for them that are looking not that great thanks to geopolitical considerations. in the short-term, it might help because the price goes up. long-term, they need to stay in production. they run 24 hours a day for a reason. they are useless within five years. how is it that two south korean companies came to dominate this part of the chip market? ian: samsung is an amazing story. they were written off in the 1980's. the japanese were transcended then and memory chips. along come the koreans. toshiba, a company that has already lost out to samsung in a lot of ways, maybe they can see a way forward again. emily: peter, could this be an opportunity for other companies like chinese companies, or perhaps even a hu

and now get a free samsung chromebook 3 on us,ed or a $200 cr towards select samsung tech.are a very connected family. when we have all the devices running l at once, the wi-fi slows down and that creates chaos. that's pretty much how the chaos looks. it slows me down, and then it sltys down my productivi and everything i have to do. when you sign up for fios gigabit connection you get our fastest speeds available, enough for all your devices. that's internet you won't outgrow. if i have faster internet, it would make things much, much easier because theyt'd have videos gamesets, smart tv. i just want things to work. and right now, get a free samsung chromebook 3 on us or a $200 credit towards select samsung tech when you sign up for fios gigabit connection, tv and phone for $79.99 per month with a two-year price guarantee and a two year agreement. yes! so, who's going to get it? me! me! rock, paper, scissors says shoot! no! the best internet is even better at our best price. only on fios. >>> an emergency drill is about to start at the pentagon, and lasts for several hours

and a pro the samsung galaxy hold was recalled before it even reached consumers now the green technology company plans to launch its new foldable mobile phone in september samsung has finally gotten the glitches and it's a little screens under control of the company as revealed which markets will roll out of the fold of the smartphone show away is also developed a smartphone with a foldable screen and like samsung your way is planning its launch in september 2. busy months that's the business asia thanks for watching. europe transformed. the focus on europe's summer series some 30 years ago the 1st cracks it appeared in a hired heard. what happened to the dreams and the heroes of extraordinary times. our journey begins in poland where we meet nobel peace prize winner like the one some. 90 minutes on w. . it's time to take one step further and face the possible. time going to such the unknown and fun for the troops. time to overcome boundaries and cuts the world it's time for empty dublin. is coming up ahead. never has it been the stock. is facing extinction. you could say that hope itsel

company plans to launch its new foldable mobile phone in september samsung has finally gotten the glitches in its hold of the screens under control of the company as revealed which markets will roll out of the fold of the smartphone show away is also developed a smartphone with a foldable screen and like samsung here way is planning its launch in september too . busy months that's due to the business asia thanks for watching. euro transformed. the focus on europe's summer series. 30 years ago the 1st cracks it appeared in the higher curtain. what happened to the dreams and secure office of extraordinary times. our journey begins in poland where we meet nobel peace prize winner like the one. in 30 minutes w. . up to date don't miss our highlights. program online w dot com highlights. i'm not laughing out of the gym because sometimes i am but i stand up and whip it up and the german thinks deep into the german culture of looking at the stereotypes aquatics put in here think the future of the country that i now know the time. needed to be taken as grandmother day out to me it's all about ok b

and a pro the samsung galaxy hold was recalled before it even reached consumers now the green technology company plans to launch its new foldable mobile phone in september samsung has finally gotten the glitches and it's foldable screens under control of the company as revealed which markets will roll out of the fold of the smartphone show away is also developed a smartphone with a foldable screen and like samsung your way is planning its launch in september 2. busy months that's the business asia thanks for watching. thank. you for. being. of. the. night and gemini with demi at any time and on any place easing news media event as we have at the level of quite so much to sing along to you that is the combo hooky from super to win seats to act for track and interactive exercises. i have reading is on line file and interactive then german for a free 50 w. . the quiet melody rizzo's michael white of the mood. and did so remains resonate with in its song. the mind and the music. being told in 1st 12019 from september 6th to september 29th. this is a 15 year old girl. being gang raped. the te

samsung is number one.also making components for rivals in this space and ramping up its 5g network equipment business guys, it is not just samsung being affected by trade tensions aside from china and the u.s., tensions between japan and south korea could be another headwind for them and other south korean chipmakers samsung lg and skhynix fe guys, this is really about the global supply chain picture. >> that 0.76% decline is important. it's outperforming some of the other regional players yes, in the short-term there might be macro headwinds they are seeing and a potentially long-term beneficiary if the u.s./china trade war persists >> that's right. huawei's pain could actually be the their gain, right? but it stands to gain if huawei continues to have problems remember that the company saw smartphone shipments down some 40% in one month on the back of this export ban and the problems that they are facing so certainly samsung could pick up some of the slack there who knows? maybe apple could regain a foot

electronics giant samsung estimates that its profits slumped 56% in the three months to the end ofjuneut that was not as bad as expected. let's go to our asia business hub, where rico hizon is following the story. good to see you, hi there. tell us more about these numbers. well, despite the poor numbers, samsung's performance improved from the first quarter, when the company reported its lowest earnings in more than two yea rs, its lowest earnings in more than two years, and the weak earnings guidance from april to june years, and the weak earnings guidance from april tojune is basically due to the semiconductor industry recovery being delayed by the slowing global economy. you also have the us— china trade war and the export controls on huawei. the us campaign against acro to swelled the glut of memory chips in the global market, with the chinese company being one of the korean tech sector's biggest customers. as for korean chip—makers, they also face a gloomy outlook following japan‘s decision this week to impose tighter restrictions on exports of key chemicals, chips and smartphone

select samsung tech.we are a very connected family. when we have all the devices running all at once, the wi-fi slows down and that creates chaos. thatc's pretty much how the aos looks. it slows me down, and then it slows down my productivity and everything i have to do. when you sign up for fios gigabit connection you get our fastest spee availa, enough for all your devices. that's internet you won't outgrow. if i have faster internet, it would make things much, much easier because they'd have videos games, tablets, smart tv. i just want thgs to work. and right now, get a free samsung chromebook 3 on us or a $200 credit towards select samsung tech when you sign up for fios gigabit connection, tv and phone for $79.99 per month with a two-year price guarantee and a two year agreement. yes! so, who's going to get it? me! me! rock, paper, scissors says shoot! no! n the best internet is evetter at our best price. only on fios. it's overcast and breezy within heavy rand wind heading towards us here in northern

all eyes on samsung today. let's look at what happened with second-quarter numbers because they came through, excluding a one-off gain. the june profit more than halved. globally.lowdown korea's largest company reporting a 56% fall in operating income to around $5.6 billion, but when you take out the one-off gain, which we haven't been given a lot of info about, that could be attributed to $800 million. you can see the profit for the second quarter, down from about half where it was last year. nejra: juliette saly in singapore. butd rate cut is all certain this month but that could change when the u.s. jobs report hits today, or could it? david strays from consensus, the report could send analysts to adjust their july fomc outlook. it is to how crucial markets, here is dani burger. dani: the jobs report is going to be one of the most important data points considered by the fed as the mull interest rate cuts. his misses are adopting a more defensive posture. there are a lot of moving parts, but i will break it d

particularly, samsung is an amazing story.hey were written off in the 80's and the japanese were absolutely transcendent. out and takecome the competition by just being better. theygument here is that are back in the spotlight and could see a way forward against the koreans. emily: could this be at opportunity for other companies? but say chinese companies or perhaps even huawei? >> year and hit the most likely beneficiary on this front, toshiba, because it is japanese would be able to sidestep these controls. they have had many self-inflicted problems. the chipto spin off business because of a disastrous foray into the nuclear business. but that unit is still strong and would be able to gain market share. again, who else is a beneficiary or hurt by this will depend on how long it lasts and exactly how this plays out. you have got a couple of negative factors. there was a slowdown in the smartphone market even before this trade were really kicked off. it has begun to shrink and is shrinking again for the second year. ofyou hav

we will gauge reaction to the news samsung has crude -- samsung has gotten emergency the supplies. --ot an emergency supplies. trade data from india as well. paul: we want to get you first word news on the bloomberg terminal out of australia. the amp saying is sale is unlikely to proceed. it doesn't expect the rbnz to approve that. amp also saying an interim dividend will not be paid for the first half. amp was one of the institutions that came under most racism during the royal commission conduct in the finance and banking industry. amp saying its sale of amp unlikely to proceed. see what happens with share price when it begins trading. in's begin -- let's check with first word news. su: a new survey says the threat of recession in the uk's at the highest in more than a decade. -- in the u.k. is more at a decade -- more than a decade. a chance of dramatic slump greater now than since before the financial crisis. also there is weakening sterling, current account deficit and poor economic growth . the u.k. banking industry is seeing more job losses. societe generale has started cutting

i think in terms of samsung, this continues to be an uphill battle for samsung and we continue to thinking to china and just the next smartphone cycle, apple was the one. kristina: there was some talk of a design leak today. are we heading back to flip phones, to larger screens, to no longer using apple phones? what's your prediction? >> broader issue is around 5g. because 5g is going to be the next super vibicycle. in terms of where samsung, apple and others play there, it still comes down to even though there is maturity in the smart phone industry, this is apple's world and everyone else is paying rent. kristina: the internet of things, apple and 5g in your mind, right? >> in terms of overall tech, we still would be owning fang names across the board. kristina: dan ives, thank you very much for joining us today. >>> we've got the dow, let's take a look at how the boards are doing. the dow is down about 70 points ahead of the close but fighting back nearly 200 points since its morning lows. you've got stocks caught up in the push and pull of economic optimism and rate hike fears. the

that cannot be good for guys like samsung.mily: you are saying that no matter how the trade war resolves, whether in the u.s. or china's favor, that the damages are ready done, that chinese companies will focus on being more self-sustaining, more self-sufficient, without relying on u.s. operating systems. om: exactly. they are one of the largest tech markets right now, so it makes sense for them to not be dependent on others. they have the whole 2025 white paper out there. they want more freedom further sector, i think that has become even more critical for them after this trade war. emily: so it doesn't matter if the trade war ends in three hours, months, years. max: i agree. but it is a long project. 2025 is a long way away. maybe not in the scheme of national planning or whatever, to take someng time for china to get its modems and software to where these u.s. suppliers are now. says, in the as om long run, if chinese computers can only by chinese phones, huawei will grow at it will hurt apple, samsung, and all these americ

japan coping exports to south korea that have bottle for making chips and semiconductors the likes of samsung now scrambling to find new supplies is could seriously disrupt global supply chains both leaders of japan and south korea a busy playing to their own supporters it's images like these that form the backdrop to the trade dispute between the 2 asian powerhouses hundreds of thousands of koreans were forced to work for japanese companies when japan ruled the korean peninsula more than 70 years ago. last year says korean courts order to a number of japanese companies to compensate the aging victims but firms like nippon steel and mitsubishi said the matter was settled under a bilateral treaty in 1965 back then japan paid the equivalent of $300000000.00 in compensation that's the equivalent of $2400000000.00 in today's money. japan's government says the export restrictions on materials vital to south korea and high tech companies like samsung have nothing to do with the dispute. going on you know sure we have made it clear that our move to carry out export controls appropriately is for nati

months worth but i would expect you know delays to ripple through the companies like apple amazon samsung but also to be expecting higher prices for these products and some sort of very wide ranging effects could this also affect the way to roll out of 5 g. networks around the world grid. right well that's a concern for europe and you know the background here is that europe is lagging behind in 5 g. it's it's not anywhere near. the 5 g. standards that the u.s. or is that right now. so semiconductors are obviously a huge part of the internet of things so there definitely is concern that any sort of cut back the amount of semiconductors out there could slow it down. just generally at the amount of the speed of 5 you'd option so it's many in france would think you. many companies today prevent pretend that they're socially conscious and ecological but if you look at the value changed things often look different the value chain expresses where the money is being made and by whom under what conditions who gets what share of the final price of a product in the textile industry for example very

you have the results from samsung. it is some ways rear looking.gnificant piece here is that there are ebbs and flows in these cycles and the features. samsung will also be a beneficiary from this 5g. it gets a lot of hype. it is hard to conceptualize that i think this 5g theme will ultimately live up to its hype, benefit companies like apple and samsung alike. charles: gene munster, always appreciate your expertise. thanks for walking us through that. >> thank you. >> joe buyen trying to play cleanup after the disappointing showing at the first democratic debate. what about the defense that he wasn't better prepared for senator kamala harris, did her attack really help the situation? our political panel will weigh in on this next. ♪ my insurance rates are probably gonna double. but dad, you've got allstate. with accident forgiveness they guarantee your rates won't go up just because of an accident. smart kid. indeed. are you in good hands? >>> did you see the questions about your past positions from the perspective of race being as relevant as the

is warning investors of 2nd uarter profits could take a hit as samsung says it expects to make more than 5 and a half billion dollars in the 2nd quarter, not bad, but still less than and less than half the profits from a year back at that point the company reported nearly billion in operating profits. problems include a slump and samsung's memory chip business and weak sales of the latest flagship phone. the galaxy s 10 california will pay more than $58 million this year to pay off studant loans for about 250 doctors in exchange, those doctors have committed to serving more medical patients that means at least 30% of their cases over the next 5 years more than 13 million california residents get medical coverage through matter. carol, a lot of them live in areas with a shortage of primary care doctors. state health officials say it all means that more medical patients we'll be able to see a doctor. ♪ ♪ ♪ this is how driving should feel. the tech-advanced nissan leaf. the best selling electric vehicle of all time. this is nissan intelligent mobility. ♪ >>fresh. there is a restaurant

japan coping exports to south korea that of bottle for making chips and semiconductors the likes of samsung now scrambling to find new supplies is could seriously disrupt global supply chain both leaders of japan and south korea a busy playing to their own supporters it's images like these the form the backdrop to the trade dispute between the 2 asian powerhouses. hundreds of thousands of koreans were forced to work for japanese companies when japan ruled the korean peninsula more than 70 years ago. last year says korean courts order the number of japanese companies to compensate the aging victims but firms like nippon steel and mitsubishi all said the matter was settled under a bilateral treaty in 1965 back then japan paid the equivalent of $300000000.00 in compensation that's the equivalent of $2400000000.00 in today's money japan's government says the export restrictions on materials vital to south korea and high tech companies like samsung have nothing to do with the dispute. you know sure we have made it clear that our move to carry out export controls appropriately is for national sec

executives at samsung's headquarters are currently discussing supply disruptions at the beginning of this month japan placed restrictions on the export of some chemical materials to south korea samsung needs them to produce chips and touch screens the conflict has caught the attention of washington. so fundamentally they are ok and must resolve the sensitive matters and we hope that resolution happens soon the united states as a close friend in an ally to both.

samsung is a big one we are watching out for.e will also have korea and doctoral production numbers -- industrial production numbers for the month of june in one hour. a busy day on asian markets. let's check in on the first word news with ritika gupta. ritika: more attention on the streets of hong kong on tuesday night. hundreds of protesters gathered around the main police station after local media said 44 people were being charged with writing after clashes on sunday. the chief executive plated a bleak picture of hong kong's economy, saying there is no room for optimism for the second quarter and for the entire year. sterling continues its miserable run, falling a fourth day on growing concern the u.k. is about to crash out of the european union at the end of october. prime minister boris johnson suggested their baby n - there may be no new talks with brussels. johnson reiterated he does not want a no deal brexit, but with the current accord is not acceptable. >> it is up to the eu, this is their call. if we have to -- if we a

samsung is a supplier of memory chips to huawei phones.ide in the long run is that samsung phones may be able to take market share from huawei. i wouldn't rate samsung, tremendously info i've company off because of this. innovative. neil: retailers would blame weather for bad quarter, tough start to the year. they never credit the good weather if it were the opposite, but having said that, is this excuse de jure, some companies, quite legitimately, peg a bad quarter to? >> yeah, they might and there is chatter that people all around, even affluent people who are buying these expensive mobile phones like the iphone and samsung's high phones are extending the time in which they normally up grade. if they normally upgrade every two years, they're extending it to three, and three to four. so we are seeing saturation at the high-end for sure. neil: you know, speaking of the iphone here, i guess, the latest one, you know, some of the design stuff that is coming out, being leaked out, it is not wowing people. what is going on? can you tell us a l

executives of samsung's headquarters are currently discussing supply disruptions at the beginning of this month japan placed restrictions on the export of some chemical materials to south korea samsung needs them to produce chips and touch screens the conflict has caught the attention of washington. so fundamentally they are ok in japan must resolve these sensitive matters and we hope that resolution happens soon the united states as a close friend and ally to both will do what it can to support their efforts to resolve. the region welcome to the offer of conciliation just last week the u.s. state department to tear down that it preferred to stay out of the dispute but says korean protests against japan have increased at the japanese embassy in seoul a demonstrator wearing a mask depicting japanese prime minister shinzo was symbolically slapped in the face. and large supermarket chains have removed japanese products from their shelves the conflict threatens to develop into an emotional costly economic war that affects more than just the electronics industry. joining me now in the stu

as far as we know, we talked to people at samsung who told us they have a months worth of supply. you do be on that? these are specialized materials, and in some instances japan is responsible for as much as 90% of south korea's supply in some of them. anna: thank you for the update. other news on this story, japan may hold talks on this trade spat on july 12. you up-to-date on the developments. it is hammering south korean assets in recent days. the warning is being felt here in europe. this is on the back of trade tensions in a profit warning. thanks to tom giles in tokyo for bringing us up to date with the asian specific story. let's talk to patrick armstrong, cio / managing partner, plurimi wealth. trade tensions have many directions today. the chemical sector falls. normal wear trade tensions are used as a weapon? patrick: it may be, weaponizing trade used by the u.s. with china against huawei. and china has threatened curtailing exports to the united states. it is something that is not productive for global trade. you have seen it falling for several quarters. is falling, th

plus, a free samsung chromebook on us. that's fios. >>> the developer of a community in prince george's county explaanns the pl for a new facility. >> it's rumored to be the new home for the amazon merchandise supply center. the new facility will tfke shape of of pennsylvania avenue in upper moraarlboro. >> tracy wilkins on the latest site plan. >>> we have planned a library site. we also have a proposed school. >> when we met with the developer in prince george's county to discuss the latest plans for an 800,000 square foot fulfillment center, there were neighbors with their own questions. >> why does it have to be so close? >> reporter: you can see it's planned to sit here in between two residential communities causing some pushback from s. neighb >> we want everyone who has a stake in that claim over there to hear the people who are going to have to live beside it. that's all we're asking for. >> reporter: sources close to alks tell usis will be the new amazon merchandise supply center. the developer would not confirm w

that cannot be good for guys like samson. -- samsung.mily: you are saying that no matter how the trade war resolves, that the damage is already done, that chinese companies will focus on being more self-sufficient. om: exactly. they are one of the largest tech markets. it makes sense to not be appended on others. the wholee the hole -- 2025 white paper out there. i think that becomes more critical for them after this trade war. emily: so it doesn't matter if the trade war ends in three hours, months, years. 2025 is a long way away. maybe not in the scheme of national planning or whatever, but it will take some time for china to get its motives and software -- its modems and software to where these u.s. suppliers are now. if chinese consumers can only by chinese phones, then huawei will grow, and it will hurt apple, samsung, and all these american companies that have counted on china is a market. in thei'm interested tech community about how much of a threat huawei poses. i have spoken to ceos who don't think huawei poses a threat at all.

samsung says its foldable smartphone, the galaxy fold, will go on sale from september in selected marketser this year. the $2,000 device was due to hit the us market in april but early reviewers found problems with the hinges which samsung says it has now strengthened among other improvements. a busy time of global markets. lots to digester. we also have a european central bank meeting in the middle of today in europe as well so it will be interesting to see what the ecb has to say. that is your business briefing. rail passengers in the south of england are being told to consider changing their travel plans due to the hot weather. network rail are bringing in speed restrictions for most of the day to reduce the risk of tracks buckling in the heat. some services are likely to be delayed or cancelled. here's our transport correspondent, tom burridge. there will be plenty of that today. i've got a little hand found in lots of water. it's when you get train on the platform, it's like going into a hothouse. and just as we passengers struggle in the heat, train tracks do as well. just as a coin

here is tech bites. >> in today's tech bites, the fold possibly fix. >> samsung has fixed the screenurability issues that delayed the foldable phone but bloomberg said there is no release date. samsung admits the botched launch is embarrassing. >> house democrats want liena to halt the development until regulators look into the hearings. and google has combined two of americans' favorite things, baseball and barbecues. >> you could play baseball with your favorite food as the players -- how about that -- what would you be. >> definitely the hamburger. >> i would have been the hot dog until i stopped eating meat. >> those are your tech bites. have a good one. safe travels. >> see, those of us who are plant-based now, we love talking about it. you can't not slip it in. >> speaking as an eight-month vegan who then reverted back to my old ways it gives you a level of self-righteousness that i miss. >> so i'm with you. >>> contract workers want to be treated fairly. the big gap between themselves and tech leaders. >> and a solar eclipse draws viewers around the world and another within is

samsung says it has months of stockpiles the main chip makers also say they're fine in the short term the small it produces could it could be the death of them they're already facing the sector's biggest downturn ever and if neither side backs down way hearing from south korea this is only the beginning japan has been telling reporters that it could actually expand these curbs then yes it's going to hurt production it's going to hurt a whole lot of countries and consumers could also be hurt here atlast say the whole process of semiconductor kinship making could be in big trouble up to 90 percent of the free materials used in ship making come from japan so these. big chip makers are going to be struggling to find someone else to supply them ok and how does a list change the dynamic in that the current global trade will this is where it is really interesting the reason the japan gives for curbing these exports is national security if you heard that before. the trouble he's using that exact that exact reasoning for his curbing of exports when it comes to the trade war with mexico as well

electronics giant samsung estimates that its profits slumped 56 per cent that its profits slumped 56% — to $5.6 billion. but the results were not as bad as expected. hyung eun kim is in seoul. tell us more about what these figures reveal? well, like you said it is within the range of what a nalysts it is within the range of what a na lysts ha d it is within the range of what analysts had been predicting. the slightly higher. also it is higher than the first quarter when the performance was one of the lowest, actually the worst in two years. things have been looking quite bad for samsung, especially the semiconductor business because of us campaign againstfar semiconductor business because of us campaign against far away. there has been oversupplied, falling prices. so things have been looking bad. —— huawei. some have said samsung is like a collateral damage from this trade row between seoul and washington and there is a depend factor people did not expect. some save their recovery will pick up in the second part of the year but now uncertainty has grown. thanks very much indeed. most