despite having its boss behind bars, samsung electronics goes from strength to strength, predicting recordrofits in the months ahead. we will be live at the ces show. you can see the markets are all higher. if you love tech news, you will love this programme. the boss of intel has made his first major public appearance since the security scandal that has potentially left millions — possibly billions — of machines vulnerable. called meltdown and spectre, they could allow hackers to steal sensitive data, including passwords and banking information. the uk security services say the chip vulnerabilities have not been exploited. and structurally there is nothing wrong with the hardware. it's like having doors and windows in a house — that need to be there — but that burglars are able to exploit. adding to intel's image challenges, the compa ny‘s chief executive brian krzanich sold about $24 million in intel shares in late november, after the company learned of the chip security problems, reducing his holdings by about 50%. intel released a statement insisting there was no impropriety, saying th

we start off with samsung electronics, and despite having its boss behind bars, but korean conglomerateppears to be going from strength to strength. it released its earnings guidance this morning and while it missed expectations it expects a record quarterly profit in the fourth quarter. for more i am joined by my colleague. why did they miss expectations? if you thought it was because of the scandals, it has got nothing to do with it. it is because of the strong south korean currency, which makes its currency more expensive overseas. but even though it missed expectations, it is still a pretty impressive number. a record quarterly profit of $14 billion in just three months, the final three months of 2017. that is up 64% compared to a year ago. and it is all because of the strong demand for memory chips. it was of course we all seem to be a test with smartphones, and part of samsung's strength is that they do notjust make smartphones, but displays and chips. it has displaced intel as the world's biggest chipmaker. and the company missed those expectations earlier, and the shares are act

has no announcement so far from samsung electronics on pricing but whirlpool in the us who complainedarnings and embraced the tariff saying it will boost demand for their washing machines. from now on, i'd must have to wash my own clothes... now let's brief you on some other business stories. the chief executive ofjp morgan has told the bbc it could cut its 16,000 uk workforce by more than a quarter if financial rules diverge after brexit. speaking in davos — jamie dimon said ‘more than aooo' jobs could go if brexit talks failed to produce an outcome close to the current arrangements. ford has reported lower than expected quarterly profits — blaming rising commodity costs and unfavourable currency exchange rates. it warned there was more pain to come this year because of higher raw material prices. the company has admitted it needs to improve its ‘fitness' — rival general motors gave wall street a more positive outlook last week. the number of foreigners visiting the us fell by 4% in the first seven months of 2017. is comes from the us national travel and tourism office. visitors from

samsung electronics said the decision was a great loss for american consumers and workers and currentlying lower more than 2% and lg stock also in negative territory by 4% on the korea stock exchange on that news. as for whirlpool, for years they have sought protection against cheaper imports from south korea and mexico, they have welcomed this move, saying they have welcomed this move, saying the initiative will result in new manufacturing jobs in ohio, kentucky, south carolina and tennessee. let's see how this plays out going forward. the reaction in davos will be interesting once president trump gets their. now let's brief you some other business stories. both houses of the us congress have approved a temporary spending measure to fund the federal government, ending a three—day government shutdown. the bill will fund federal services for another 2.5 weeks. democrats agreed to drop their objections in return for republican assurances about immigrants facing deportation. netflix shares surged on monday after it delivered strong results for the last three months of 2017. its profits are

samsung electronics. in korea.on reports that apple suppliers could have their demands cut. and the energy player in hong kong is looking good. it could increase capital spending by as much as 60%. that is $.5 million. anna: thank you very much. let us return to the politics. the u.s. government shutdown has been extended into a third deal after the senate has failed to broker a deal. most government offices had stopped working for the weakening when the shutdown kicked in on saturday. for more, we are joined by kathleen hunter. and the global market strategist at j.p. morgan also joins us. good morning. the primary action is in the senate. what are we expecting? is a votethere scheduled at noon today. the question is will there be enough democrats and republicans together to reopen the government and fund it at current levels through february 8. it comes with a verbal promise from mitch mcconnell to say they would vote on something related to immigration. will that be enough for democrats? seven moret least democr

samsung electronics came up short in the latest quarter.rofits. samsung lost momentum, hut by the stronger -- hurt by the stronger korean won. in a potential idea later this year. according to people familiar with the matter, that would put after martin on par with ferrari -- would put aston martin on par with ferrari. and a french billionaire's attempt to turn around lt's has -- altice has a new twist. the plan will let him maintain control of both country -- companies. tice usa will be spun off to investors at the end of the second quarter. tom: thanks so much. what we will do now is a smart idea from a smart economist. then, we will go to the chart and brian belski. kumal should come are -- bonds, not stocks have been the better editor of the two recessions in the toy first century. treasuries are sending a warning. --e growth remains a munich anemic. reduce government spending on health care will discourage consumption five low income and elderly americans. mar one of our most popular guests. -- the spread coming down as well. that char

despite having its boss behind bars, samsung electronics goes from strength to strength, predicting recordhe markets are all higher.

samsung electronics appears to be going from strength to strength, despite its boss being behind barseased its earnings guidance this morning, and it's a bit of a mixed picture. they are making record profits but not as good as some people were hoping for. leisha santorelli is in our asia business hub in singapore. well, sally, iwill start well, sally, i will start with the numbers, samsung forecast profit for the final three months of last year willjump the final three months of last year will jump by 64% the final three months of last year willjump by 64% from one year earlier to about $14 billion. now, this would mark the third straight quarter they have posted record high operating profits, so that is really strong. most people think these numbers are due to the sale of galaxy smartphones, but they are mostly due to the sale of the chips inside the smartphones, as well as other intelligence devices. samsung with the world's biggest semiconductor manufacturer, and so while the numbers are good, we're actually seeing some mixed reaction because kjaersfeldt over concerns that the pri

samsung electronics for quarter profit coming through.iss when it came to the top and bottom line. let's go through the operating profit first. 15.1 trillion won. this big surge in the won could ease into the bottom line quite a bit, which would link to this slight miss on the earnings coming through. sales coming at 66,000,000,000,001 -- 66 trillion won. record.uld set another we are not going to break down here until the later part of this month, but there is a lot of questions here on whether the weak spot is hitting the top now. it looks like we are reaching a peak. growemory segment may not as much this year as it did in 2017. betty: i think there were a lot running onions from these numbers. analysts saying 2018 is not going to look like 2017. this market might be topping out. part of the reason we saw samsung pacer generously to its shareholders with the doubling of the dividends in the fourth quarter. let's head over to sophie kamaruddin, who has got some reaction perhaps at a preview as well to the korean market. sophie: let's ge

samsung electronics came up short in the last quarter. h korean giant reported lower-than-expected profit. samsung lost momentum in memory chips. the company plans to release its latest smartphone next year. hedge fund biggest is turning on dollar bonds. the evaluation still doesn't make any sense. the premium on e.m. dollar bonds is now the lowest level since 2007. that is your latest bloomberg business flash. vonnie: straight ahead, if ferrari can do it, maybe they can, too. we are talking about aston martin as they consider an ipo. this is bloomberg. ♪ mark: this is "bloomberg markets ." let's get to aston martin. they are exploring an ipo. they are known globally as the preferred ride of james bond. they are targeting evaluation of $6.8 billion -- a valuation of $620 billion. how would this compare with the ferrari ipo? -- they are targeting a valuation of $6.8 billion. how would this compare with the ferrari ipo? >> we are hearing from people familiar with the matter, essentially, aston martin is seeking a valuation of as much a valua

samsung electronics came up short in the latest quarter.he south korean giant reported lower-than-expected profits. samsung lost momentum in memory chips and was hurt by the stronger korean won. the company plans to release its latest smartphone . british sports car maker aston martin is taking a 6.8 billion dollar valuation in a potential ipo later this year. set the company on par with ferrari. they saw little more than 5000 cars last year. it is famous for its connection to the james bond movies. the richest person in the world has only gotten richer in the last few days -- first few days of the new year. neton founder jeff bezos's worth is now more than $105 billion. shares of amazon have risen 57% in the last year. that's your bloomberg business flash. alix: that's a nice net worth. big week for fed speak. the outlook for the fed's ability to hit its 2% inflation target and do their models to work. here is what some members had to say. >> i think the 2% target is quite important as has been beneficial. if anything keeping it too low an

it was a record year for samsung electronics. is applied that apple supply chain with memory chips.nst the greenback and i was looking at statistics from clsi. one say that for every 10 yuan increase, that was about 600 billion yuan. despite all the surgeon or fairly stable contracts supply of those screens and chips to the likes of apple, the yuan hurt them in the fourth quarter. is working on its own chips but samsung is a big provider of ships, is there a waning chipt demand, especially amid concerns that he iphone x isn't telling as well as some would have thought? that would have been a concern but they stabilized after that big surge. the number two memory chipmaker. they control more than two thirds of the market with samsung, supplying through the likes of apple. that kind of us wages those fears. -- assuages those fears. jay lee going to jail affect this? >> they are respected to give a ruling on monday. i will be there in seoul for that verdict. again, the company has moved on. after brexit's, they replaced taking overy were as ceo. at the management operational level, the

keep in mind asia's earning season kicks off this week with samsung electronics and others getting ready to report. china's inflation data is due on wednesday sob sure to look out for that early trade in europe gains there with the ftse 100 up about .03% german dax higher. that is interesting. german factory orders did come in weaker than expected. despite that number, stocks are in the green. >> look at commodities oil prices did get back up a sense of gains on friday still ended the week 1.5% higher stock prices, four year as well, had a percent last week. 13.18. >> as for currencies, the dollar actually seeing some support for the first time it's been trading at a four-month low higher against the japanese yen at 113.14. the euro trading at 1.19 just about down .3 the pound 1.35 against the dollar interesting comments by prime minister may overnight she says a cabinet reshuffle could potentially be coming soon. >> that's been forecast to happen on monday the expectation is that most of the big positions, chancellor, foreign secretary, boris johnson, for example. >> david:, they're not

samsung electronics is providing the biggest boost to the holdings, jumping over 5% amid speculationhat it is looking to sell a stake in its power plants. earnings very much. profit,came to its costco also delivered in the last quarter, though we are seeing the pressure under stock. theite dollar weakness, yuan is gaining ground. the korean won rising despite the price contraction we got in the fourth quarter for korean gdp. reports of his retirement have proven premature. are they this time? the news with paul allen. pboc chairman has not been reselected to senior policymaking body. this comes amid signs he may step down from the head of the central bank. it is been in charge of the pboc since 2002, making him the longest-serving governor. he was reappointed in 2013. president trump says he is willing to talk under oath to special counsel robert mueller as the investigation into collusion with russia continues. house heat the white said, "i am looking forward to it." mueller is looking into whether or not the president obstructed justice by removing michael flynn and firing fbi dire

juliette saly in juliette: samsung electronics have missed fourth-quarter profit estimates.rating to $14.2 billion compared with an average analyst billion, a 7%5.1 surge in the korean surged -- karen currency. u.s.ies is to spin off its -- maintain control of both companies. 67% and lt's usa will be distributed to shareholders by the end of the second quarter. aston martin is targeting evaluation of his much as $6.8 billion in a potential ipo of the british sports car maker. according to people familiar, the company has held talks with advices about valuations -- invested interest in an ipo this year could be bolstered by the plan expansion into the lucrative sport-utility market starting in 2019. that is your bloomberg business flash. anna: thank you very much. president trump is on to announce his bed -- his fed vice chair. meanwhile eric rosengren's says the central bank should reassess whether a specific inflation target is still warranted. >> in my own view, the cost of hitting the prolonged period should cause us to have a reassessment and think about what the implica

>> concentration means more bang for the buck when we have a big weight in samsung electronics it makes a difference, or hitachi or last year's winners if you have small weights you have diluted your great ideas. >> your company is employee-owned why is that an advantage >> because every one of the portfolio managers i made reference to, our entire team all own a stake in the business. so we are perfectly aligned with mutual fund shareholders. >> your mouths are where your money is or vice versa. >> exactly. >> congratulations thanks for being with us brian? >> we'll see you in a bit, buddy. budweiser used to be the king of beers. now it's not in the top three. why american beer drinks are saying this bud is not for you next we took legendary and made it liberating. we took safe and made it daring. we took intelligent, and made it utterly irresistible. we took the most advanced e-class ever and made the most exciting e-class ever. the 2018 e-class coupe and sedan. lease the e300 sedan for $569 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. i thyou never

in korea, samsung electronics has approved a 50 to one stock split. last three months of the year. samsung reported strong demand for memory chips and the high-end displays used in the iphone tech. sweden's h&m reported the biggest drop in profits in six years. putting more pressure on the ceo of the world's number two fashion chain. he is trying to turn around h&m after the recent struggles. and blackstone's europe has agreed to the biggest buyout in a decade. a firm will buy a majority stake in the risk unit. the parent of bloomberg news competes with thomson reuters in providing news and information to the financial industry. that is the bloomberg business flash. feldstein is with to and we're going to talk him about the elephant in the room and his exceptional expertise on deficit and debt dynamics. everyoneu react when tells me we will have persistent in $1 trillion deficit? what does that mean? margin: it is terrible. debt thatcits and the keeps rising is a serious problem, not only in the long run but also right now. up a chart to bring right no

samsung electronics up by 5.5%. chair worldwide doing quite well.growth from its overseas help.ss is to they have dragged the index down over the last couple of sessions. china ever grown is down in the hong kong session. that is a stock that rose by 458% over the course of last year. leadingyers are really the gains in the region. a little rebound coming through from some of these players that have been falling off over the past sessions. energy stocks under pressure with real estate plays. it is a bit of a brighter day here across the asian markets. yousef: very much so. let's cross over to one of the big corporate in this part of the world. the region's leading shopping mall and leisure company, they put out for your earnings for 2017. -- 32.2 32.2 terms billion terms -- durhams. group ceo.ed by the welcome back to the program. great to see you. what has been so challenging and will it remain a challenge in 2018? i think the question is what has not been challenging and 2017? we are very happy with the performance of -- performance of -- 2017.ave

paul: samsung electronics has reported lower than rejected fourth-quarter profits as it loses momentrong you on -- yuan. the 5% surge in the korean currency came as prices of benchmarked memory chips leveled off after a year of gains. the atlanta fed president has added his voice to dovish comments from officials concerned by low inflation and the risk of an inverted yield curve. 2-3ays his base case is rate rises and less inflation picks up. meanwhile, the white house says it is close to announcing a pick for the fed vice chairman after stanley fischer's departure. there is no indication that a satellite launched of -- launched aboard a spacex rocket made it into orbit. the payload was classified. spacex says the falcon nine booster rocket performed people familiar with the launch says the second stage of the rocket failed in the satellite is lost. opel -- oprah winfrey says she has no plans to run for u.s. president after a rousing speech at the golden globes fueled and for -- fueled interest. lifetimereceived the achievement award, she told bloomberg she does not plan to run. glob

juliette: samsung electronics has missed fourth-quarter profits estimates on memory chips and the strengtheningoperating income rose during the three-month end of december compared with the analyst estimate of 15.1 billion. a 7% surge in the korean currency came as prices for benchmark memory chips leveled off after a year of gains. altice let's patrick drahi maintain control of both companies as he pursues a turnaround plan for the debt laden european operation. will the -- be distributed to shareholders in the second quarter. his holding company will be 51% of the voting power of the u.s. company after the transaction. aston martin is targeting a valuation of as much as $6.8 billion in a potential ipo. familiar,to people the company has held preliminary talks with advisers about a valuation that would put it on fox -- par with ferrari. investor interest in an ipo this year could be bolstered by the planned expansion into the sport-utility market, starting in 2019. top fives' net worth bit -- has am in shock -- amazon shares added a 12 months surge that shifted market value by all most 57%. th

samsung electronics shares jumped the most in two years after surging sales for memory and screens made phone led to record profit. get a full update from apple on thursday when the world's most valuable company issues earnings, but let's get more with our global tech reporter adam satariano and still with us, patrick armstrong from plurimi. strong numbers from samsung, but not such strong results for apple for the phone. what is the story? aboutwill find out more apple later this week. with samsung, they benefit from different ends of the spectrum. they sell the devices themselves which are still popular, but also components that go inside everyone else's phone. do well on that front. in terms of apple, it will be interesting to see the breakdown if they do break it down, of how the percentage of sales for the new x model that sells for $1000 and up versus some of the older models. sometimes, they are secretive about the breakdown but it is important because it tells you how well the devices they have put so much muscle behind is doing. matt: i just want to show a great screen on the b

juliette: samsung electronics has search after showing record quarterly profits, more revenue than intelr of screens also unveiled a 50 to one stock split. those announcements draw the curtain on an eventful year where jail in corruption with the nation's influence peddling scandal. blackstone is buying 55% of unitsn reuters financial at a deal that values the business at $20 billion. lp is the parent company of bloomberg news and competes with thomson reuters in providing news and information to the financial industry. a nonexecutive director at blackstone. apple is responding to u.s. government queries about a software update that affected older iphones. the company says it would never do anything to intentionally shorten the life of any of its products. wasier, the sec investigating if they violated disclosure laws. that is your bloomberg business flash. 's a january to forget for cryptocurrency investors. bitcoin is down about 30% almost on a one-month basis and now trading just slightly below $10,000 per going. this comes as virtual currency exchanges are said to be subpoenaed by u.

we are talking about the year and dividend for samsung electronics, coming up, 24,500 yuan. ow this affects the income for the fourth quarter. samsung is looking had and saying that it may be affected by declining demand. if we talk about the concerns regarding apple and overall the handset division when it comes to samsung as well. we also saw a lot of growth in the fourth quarter in the chips division. a lot of people are saying that the cycle is over. they may have to think again. >> coming up on the next hour of daybreak asia, we will head to the chief global strategist of socgen. we will speak to the chair of hangman group. bloomberg. ♪ ♪ hadne: 8:00 a.m. here and -- here in hong kong. stories this wednesday, caution is the word as asian-pacific markets take a third day of declines. while start -- wall street saw the biggest drop since may. jeff bezos joins warren buffett and jamie to shake things up for their one millionth employee. bloomberg's global headquarters, i am ramy inocencio in new york. assung in the spotlight korea open's for trade. the last quarters are rec

. >> and the consumer electronics are looking good. >> reporter: samsung is introducing a massive new tv dubbed the wall. it's 146 inches, more than 12 feet, using microled technology to produce the bright image with great contrast. but they have not announced the date it will be for sale. >> i think a lot of people planning super bowl parties would love to have that. thank you very much. >>> coming up, headaches caused by a powerful winter storm. >> plus the cost of child care rivalling college tuition in some bay area cities. how one city is thinking about making it affordable for all. forecast in just a few minutes. >>> downtown san francisco has a cell coming through and it's about the pick up. this is a live look at the bay bridge, rain covering the screen there. visibility is an issue this morning and we are tracking it. >>> some officials in san francisco are looking at child care for everyone. >> every bay area parent knows how challenging it can be to find good affordable child care and this aims to make it able to all san francisco families. it comes from a hike in the real

. >> reporter: samsung tv is getting bus at the electronics show. it's 44 inches. apple investors say the iphone is toxic for children. they want parents to control how much kids use iphones. they want to study the impact of matter phones or mental helmet. those are tech bytes. have a great day. ip in juice from overseas. only florida's natural grows all of our orges in florida. great taste. naturally. we know that when you're spending time with the grandkids every minute counts. and you don't have time for a cracked windshield. that's why we show you exactly when we'll be there. saving you time, so you can keep saving the world. >> kids: ♪ safelite repair, safelite replace ♪ pain from a headache whcan make this...ld, ...feel like this. all-in-one cold symptom relief from tylenol®, the #1 doctor recommended pain relief brand. tylenol®. time to start the week, are we ready? matt is ready. >> look at tam. >> reporter: i told you about an accident on the waze app i-95 southbound heading toward center city an accident southbound at the turnpike, an accident at 413 righ

manufacturing base i think overall that hoo should positive message >> samsung is building washing machines in south carolina lg electronics is racing to do the same thing in tennessee. you mentioned that investment in the u.s. when you look at the tariffs the trump administration has posed on washing machines, do you see that as a way of favoring u.s. dema brands even if it damages the u.s. job prospect? >> this is about making sure our u.s. manufacturing base and the products we offer are as competitive as they can be so, i think the u.s. is a very -- can be a competitive place to manufacture in. we're close to the consumer base we're investing in our u.s. frigidaire brand, which is a trusted and appreciated brand to u.s. consumers for us, this is unrelated to policy and more related to the faith in the u.s. consumer >> i want to ask you about your investment plans the focus is on north america and latin america, but how do you pair that up with the fact that you're also looking to achieve significant cost savings? willem referred to some of the human reductions when it comes to hiring. >> as we become more efficient and

up in asia, auto technology is shaping up as a big story in this year's consumer electronics show in las vegas, samsung'sommon is making a play within the best driving platform for autonomous vehicles joining us now from the harmon president and ceo, great to see you there from las vegas and i have to started to sound like a detroit auto show was so much focus on autonomous vehicles. on, detroit auto show, they're starting to wonder what this hasten bird but become a car electronics show, they're excited, the conversion of technologies to create connected experiences here, this has gone around the whole show. >> i can imagine, let's talk about what you unveiled, as you are under the umbrella of samsung, tell me a bit more about this digital cockpit that you are developing for cars, driveline path -- platform, what is it about? samsungve been part of for not even one year yet but in travel collaboration, we have produced these three travel relaunch drive lines, those are the words for us. autonomous driving, that means you can bring in signals from high-definition cameras around the car, the other sensors

some of the big moves playing out in seoul, korea, samsung swinging to gains, but lg electronics is thei be its fourth-quarter report due today. of their of note are chinese carriers, climbing in hong kong and shanghai after the government removed caps on ticket prices for domestic flights. in hong kong, property stocks leading the hang seng, country garden jumping to a fresh high. wrotes the secretary often larger fiscal surplus because of the booming property and stock markets. when you look at the laggards, tech shares falling. geely declining after being downgraded to equal weight had morgan stanley. shanghai shares sliding after a six-day advance. ech and telcos sectors lagging. real estate shares climbing 2% in shanghai today. rishaad: thank you for that. having a look at the market action thus far. we will be looking at monetary policy at the moment in china. let's get to sydney and paul allen. the pboc official has told the china daily there is room for an increase in interest rates in the short-term because industrial product prices and corporate profitability have improved. th

audio always a big part of the consumer electronics show, and our next guest making some big announcements there. harman, now opened by samsungnching a digit-at-platform concept for vehicles as well as a car displaying fully autonomous capabilities. dennish palawahl joins us live this morning good morning. >> good morning. >> i want to talk about the digital cockpit, a fascinating idea from a screen you'll be able to control the mirrors, you know, the environment in the car, the lights. some tesla owners might be somewhat used to this already. how quickly can this really get into the market though because isn't the instrumentation something that carmakers like to hold pretty close to the vest? >> so, it's all about using experience and bringing the whole ecosystem together so people are so used to with their smart devices, whichever phone you use, and you have some kind of an ecosystem at home and on the go and in the office, so digital cockpit is one area where you can really bring it all together from multiple systems in the car, instrument clusters to big stream and entertainment, and last year we actually launched our fir

electronics, or all appliances, just washing machines. michael: this was a particular complaint filed by whirlpool corporation, in particular that samsung and lg were selling too many washing machines in the united states. samsung and lg argued they sell more because people like their products better. whirlpool says that is hurting jobs here. it is a industry specific country specific complaint and companies would have to file cases in order to try to get tariffs imposed. the interesting thing about the solar panels is it was filed by subsidiaries of the united states, one that is owned by the chinese and the other owned by the germans. it is understandable why china or south korea might be upset, but why are the europeans were rate? michael: i think you put your finger on it earlier, this is a concern about what happens to the global trading system. obviously there are german manufacturers who sell washing machines in the wash -- in the united states, but they could be jeopardized by higher prices on imports. the rest of the world, the europeans are watching where the trump administration is going with this because they don't want to see a

this is a paper trail electronic crime, once verizon or at&t are subpoenaed or examination of these. can honestly be made. heather: they say it is samsungnical glitch, delete these text messages, disappeared on purpose. a couple more with the text we have. two days after mueller's appointment you were talking about, he says for me in this case i have a sense of unfinished business. i unleash it with nyd and need to fix it and finish it. and the next text, we have a tweet from donald trump referencing what you said, where are the 50,000 text messages, peter strzok blaming samsung. blame being put on samsung and additional text messages that have been released from strzok. i'm interested in the one about the secret society. >> the secret society texts and texts prior to the start, talking about making texts disappear, intent to destroy this information. the laws of cumulative probability, the most important period of time and the text messages are magically recovered on may 17th, stretches believability. on the other hand you have to prove it. verizon, at&t, get hold of the phones, this could be easily untangled but difficult to believe b

electronics show. >> the event kicks off next week in las vegas. expect to see new smart phones including a new ex peoria from sony and a flaksy 88 from samsung. also expect to see a handful of flagship computers. >> dell, hp and several other companies are expected to unveil new thin and light laptops. all of them will likely come with high resolution had k displays. >>> lg is showing off the largest and highest resolution television to date. it's 88 inches and 8k. it has 16 times the resolution of a standard high definition tv. >>> and lg will showcase this display at next week's show, the price tag expected to be more than $20,000. >> oh, wow. >> oh, wow. >> i wonder how that >>> welcome back. you may see radar returns on our app today and that's all above 15,000 feet up. it will dry before reaching the ground. by tomorrow morning during the commute we may have a few showers, light, on the peninsula. during the day up into the evening commute about a tenth to a quarter of an inch of rain could fall and a little more about fall into thursday morning. tomorrow night into thursday morning our first commutes that are going to be wet. sue, that

and when it comes to the biggest drag, lg electronics falling over 3% this morning ahead of fourth-quarter reporting. samsungso much. let's talk about oil. oil had its strongest opening week for any year since 2013. refiners and exporters whittled away at crude inventory. joining us now from singapore, will that continue? what does it signal for the rest of the year? we are definitely seeing a drawdown in inventories that started a year ago of january last year when opec and russia started working together to cut production and allow the world to eat away at inventory overhang. the u.s. inventories, which are the most accurately checked, have been falling for several weeks straight, now we are seeing oil jump into the 60's, flirting with $70 a barrel. what we are looking at this year is another year of tightening inventories, and there is going to be more pressure on shale companies to start drilling more. there will be pressure on opec countries to maybe up production a little more. betty: what does it indicate for the opec cuts that are in place now? maybe for some degrees the people are surprised how much

electronics show. literally, they went out! the conference at the las vegas convention center's main hall was dark for about -- who plugged in t hr dryer? the outage impacted hundreds of companies includi samsung, sony, and lg, one day after it rained in the desert city, flooding the streets. the cause of the outage was a faulty transformer. >>> apple last month admitted to deliberately slowing down iphones with older batteries. that resulted in lawsuits, customer complaints, and now some questions from a u.s. senator. >> reporter: apple's ceo tim cooke made a decision last year that is now attracting a lot of attention. his company introduced new software which can slow the performance of iphones with older declining batteries. apple says that was necessary because of a very real technical challenge. batteries decline over time. as they age, they can have a tougher time handling the power demands of devices, and can unexpectedly shu down. but cooke now finds himself fielding questions about his decision from powerful politicians on capitol hill, including senator john thune, chairman of the senate commerce committee. senator thune questions whether apple has been as forthcoming as thing we wa

electronics which there is so much here of at ces 2018. let me just say tim baxter is the man in charge of that, the ceo of samsung north america and i talkedo him about the opening of this plant and samsung phones and whether they're pulling the same goofy nonsense apple is accused of, slowing down batteries. here's tim baxter of samsung. liz: what should people interpret from the fact you're going to hire 500 people in south carolina. as a korean company, you're creating jobs in the u.s.? >> yes, samsung has a long history in the u.s. we have 20,000 employees in the united states, and home appliance business is the fastest growing business we have. we've achieved number one brand share in that, and a part of that is now we're going to be opening up a facility that makes washing machines in new berry, south carolina, we already hired 500 employees, and this friday, the first production will be coming off of the line. we expect that to grow to 1,000 employees by 2020. liz: this was a dark, closed up, shuttered, caterpillar factory, and you guys have given new life to it. it's amazing that it's a korean company that's done this. >> well, you

electronics show. >> the event kicks off next week in las vegas. expect to see new smartphones including a new ekperia from sony and galaxy at eight from samsung. >> and several other companies expected to unveil new thin and light laptops. all will likely come with high resolution 4k displays. lg showing off the largest and highest resolution old television to date. 88-inches and 8k has 16 times the resolution of a standard high definition tv. >> and lg will also showcase this new display at next week's show. the price tag expected to be more than $20,000. >> wow. >> wonder how that fires my tv. >> those are your tech bytes. th unops in-wash scent boosters by downy. ah, it's so fresh. and it's going to last from wash to wear for up to 12 weeks. right, freshness for weeks! downy unstopables. for a fresh too feisty to quit. and now try downy unstopables with the original scent of tide i've been a lot of things over the years. your blind spot... your loose satellite dish... the literal deer in the headlights. but it's a new year and i'm making a resolution. no more mayhem. like the fuzzy, yellow tennis thball dangling from a string. helping ke sure

states the jobs created by companies like samsung, and the very red state of south carolina you have higher prices, on washing machines heard that from lg electronicsy is done poorly, and this is kind of a willy-nilly side thing with small tariffs not it is not the sky is falling. but, again, it can hurt americans if -- if executed i am properly poorly. >> short term may be true learning a trade deal playing with same rules like super bowl everyone plays within same rules if one team gets special treatment, and the other team doesn't, that is not a fair game you don't know who champion is, short term there may be some you know pain. but the long term the prices more reallistically reflecting the what it comforts to make something, americans need to make things we always have to be able to do some things that if we don't we can't be free. provide our energy, make our own food, be able to feed yourselves, and to be able to fight for ourselves, means we manufacturer our weaponry items of it was manufacturing is a critical part not just of our economy. >> right. >> quite frankly without it we can't be free. >> we saw lg get back say we are going to rai

electronic show after a two-hour blackout. rain caused the blakeout yesterday. officials believe condensation from heavy rainfall caused a transformer to cut out for big tech companies like sony, samsunghe daca debate is impacting immigrants who dream of becoming doctors. ahead a conversation with three medical students who see their future at risk. i love you, basement woods for solitude. i just go downstairs. i love you, but sometimes you stink. febreze air effects doesn't just mask, it cleans away odors. because the things you love the most can stink. and try febreze small spaces to clean away odors for up to 30 days. breathe happy with febreze. we started designing pop-up 400 people working across thee globe. with office 365, we can all stay connected, from vietnam, to boston, to new york. now with whiteboard, we can all work together at the same time. and 3d in powerpoint shows clients exactly what our cards look like. yeah, having everyone working together on the new teams app is really awesome. seeing all these people react to our cards? that's what makes it all worth it. and this is how i freestyle!rs freestyle program, ♪ ♪ this is how i freestyle! i've lost 82 lbs., and i can

electronics show starts in las vegas tomorrow. this is new video of the set up as companies are getting ready to show off their latest gadgets. lg, samsung use the event to show off their new products. there are reports that this year, volkswagen will be revealing some new artificial intelligence in their cars. the intel ceo with delivery -- be delivering the keynote address. we will be watching the consumer electronics show all week long starting tomorrow. two apple investors are telling the company to step it up when it comes to fighting the problem of smart phone addiction. in an open letter the california state teacher retirement system and new york- based janet partners llc asked the company to add print took him -- patrols to his devices. excessive smart phone use can lead to higher risks of depression and suicide in children and teenagers. other side effects include disrupted sleep and the inability to pay attention in classrooms. with two teenagers they have told me just take my phone away. i have a lot of work to do for school. take it away. it is just too tempting. >> that is interesting, so now we are asking. we should mention

electronic show. it opens this morning in las vegas. more than 170,000 people are expected to attend. nearly 4,000 companies from innovative start ups to industry power houses like google and samsungom the partners is at the show in las vegas. brian, good morning. >> good morning, everybody. so let's talk about this auto presence here. nissan, in particular, showing off the technology which is brain to vehicle. what is it? it's like a mind-reading concept. >> yeah. believe it or not. mind reading through this is my digital crown of thorns here. this is a piece you put on your head. it's got these little sensor proposes underneath it. and when you don this, it will connect to a future nissan vehicle to wirelessly communicate what i'm thinking to the vehicle. so maybe it can react a quarter to a half second faster than it would by me actually grabbing the controllers or stabbing at the brakes. it might seemed crazy a couple of years ago, the way we're going now with connected technologies in cars, this isn't that nutty. it could be used for safety, it could be used for things like getting a more sporty feel out of a car when you're in the mood. and nissan is deadly serious about tes