samsung electronics has reported a 0.1% dip in its second quarter net profit from the year before, blaminglower global sales of premium smartphones that dented demand for its flagship galaxy device. let's go to our asia business hub, where shara njit leyl is following the story. it would seem when it comes to samsung, it is always the chip unit, that unit, that helps to give its earnings boost. absolutely, you said it. the south korean electronic giant posting its lowest quarterly profit in more than a year and as you say, it is due to the sluggish global smartphone market, which has been a huge weight on its earnings. of course, that chip business continues to perform well. 0perating profit for the world's biggest ship in smartphone maker was rising about 13% to just over in smartphone maker was rising about 13% tojust over $2.1; in smartphone maker was rising about 13% to just over $2.1; billion in the second quarter, memory it was its largest contributor to profit is by far, and the growth of huge data server centres. profits from its mobile business though, that was key, that sank 34%

samsung electronics says profits grew 5.2% to $13.2 billion in the three months tojune, the weakest quarterlyess than analysts were expecting. the south korean tech giant is struggling with a weak smartphone sales amid an increasingly saturated and competitive market, and a lack of new features to interest buyers. boeing has agreed a deal with brazilian plane maker embraer, giving it control of the smaller firm's commercial jet business. the joint venture will give boeing a significant stake in the market for smaller passenger planes. arch—rival airbus recently took control of the regionaljet business of canada's bombardier. a controversial overhaul of the eu's copyright law has been rejected by the european parliament. the proposed rules would have put more responsibility on websites to stop copyright infringements, and forced platforms to pay for linking to news. many high—profile music stars had backed the change, arguing that websites had exploited their content. but opponents said the rules would stifle internet freedom and creativity. following the facebook privacy scandal, many users o

the slowdown is starting to take a toll on samsung electronics. e south korean company's net income fell short of analyst estimates as the sluggish margin hit demand for the galaxy services. the results reflect samsung struggles ensuring its mobile business, despite resilient demand for that memory chips. that is your bloomberg business flash. nejra: julius sally, thank you. investors rushing to invest in u.s. tech stocks. and itdaq dropping started with facebook last week which saw the biggest market cap slump in history. go investors get a break when apple reports today? joining us now is shelly banjo. good to see year. it seems expectations are quite high for apple this time around. shelley: people are hoping that as expected,in 15%, showing another quarter good growth this year for apple. maybe a little break from all the madness and the rest the tech sector. nejra: and the iphone growth story comes to a close, what services are expected to drive growth? shelly: that is exactly right. we saw with samsung, other companies -- phones across the wo

samsung electronics has reported a 0.1% dip in profit for the second year, compared to the year beforeles of high end smartphones which dented demand for its flagship galaxy devices. but the chip unit keeps thanks's head above water. katie silver is in singapore. a real mixed bag when you delve into the numbers about what it tells us about samsung's business, and eve ryo ne about samsung's business, and everyone is looking at the smartphone bit of it? yes. it is the pa rt smartphone bit of it? yes. it is the part of the business doing particularly badly. we saw a 34% drop in that part of the business. they had the slowest quarterly profit growth and almost two years, it was still up about 5.7% with a growth of $13 billion, but the smartphones were down across the board. the iphone overtook the galaxy, that is a particularly bad pa rt galaxy, that is a particularly bad part of the building. —— business. the chip or semiconductor part of the business is going very well, contributing about 80% of their earnings. due to a growth of server data centres, they say we should see continued grow

let‘s take a look at some of the other stories making the news samsung electronics says profits grewquarterly growth in more than a year. weak smartphone sales, in an increasingly saturated market, contributed to this disappointing result for the south korean tech giant. engine manufaturer rolls—royce will sell its loss—making marine business to norwegian firm kongsberg for around $660 million. the sale is part of a larger restructuring of the company. the marine division has around 3600 employees, most of them based in scandinavia boeing has agreed a deal to take over brazilian plane maker embraer‘s commercial jet business. the joint venture will give boeing a significant stake in the market for smaller passenger planes. rival airbus recently took control of the regionaljet business of canada‘s bombardier. so with trade tariffs due to kick in today — one might expect to see quite a bit of anxiety on the markets. but seemingly not! tokyo‘s benchmark nikkei index snapped a four—day losing streak on friday, tracking gains on wall street led by optimism on trade talks between the us and

. ♪ emily: samsung electronics opened the largest mobile phone on monday.will produce 120 million smartphone units a year like the galaxy x 9. it was inaugurated by the indian prime minister and south korea's prime minister. it became the second largest smartphone market after china. they are the following. a major week ahead for media. the biggest industry names will gather in idaho for the allen and company conference and we could get it from comcast in the bidding war for fox assets or a higher bid from fox as it competes to buy sky in the u.k. jerry, what is comcast's next move? >> that is what everyone is looking for. one of the combattles going on is between comcast and disney over the fox entertainment assets. and disney has the upper hand and has the higher bid and i think a lot of people are waiting to see what comcast is going to do and come back with a higher bid. emily: what do we expect in does disney or comcast have the upper hand? and rob have the upper hand. >> i think a lot of people are expecting comcast to come back and top disney's bid.

samsung electronics boosting cost .6 percent. chinese stocks are headed lower and we have the hang seng declining. tech shares weighing on a benchmark. tencent a model for decline is on the hang seng. zte under pressure. check out the yuan, onshore rates. has erased itste advance, but overall, the yuan could be set for the first weekly rise in seven. the philippines, psc rising. foreign inflows are returning and so we have manila stocks trading at a six-week high. haidi: thank you. let's get you to first word news with paul allen in sydney. late facebook tanked in trading after having missed estimates on second-quarter revenue and daily visitors. the stock lost billions of dollars. one of the biggest reverses in business history. facebook's first financial stumble in three years hollowed a quarter in which data privacy came under harsh scrutiny. the first signs of user unhappiness about data protection. mike pompeo faced anger in the senate at the start of a hearing on president trump's policies on trade and russia. the foreign r

south korea may force the sale of $13 billion worth of shares in samsung electronics. are trying to restrict the controls of the so-called cable families exert over business empires. if passed, one family could end up with less control over the samsung group. that is your latest bloomberg business flash. mark? mark: take a look at markets on close.opean stocks are less than 35 minutes or from the end of the thursday session. stocks are up today, best run since may 17, three days of gains, ftse up by .25, dax 5.8, cac 40 up right .8, big boost for automakers, best game for the stoxx 600. 2016 on this meeting between the u.s. ambassador to germany and german automakers, and the idea of cutting tariffs to zero as lifted sentiment. thiss been damaged by trade spat between the u.s. and china, which has affected the eu , the auto sector down a percent from its recent high before today. quick kick at the currency board members of is some the ecb trying to bring forward expectations for the next great type from the end of next year to september or october. the euro is up agains

. >>> samsung electronics estimates that operating profit likely rose 5.2% in the second quarter, the slowest rate in more than a year the tech giant sees the figure increasing to 14.8tri trillion korean yuan. this as some analysts are worried about samsung's mobile business the firm's chip business is expected to post its seventh consecutive record quarterly profit >>> coming up, british prime minister theresa may calls for unity ahead of a key cabinet summit more after the break i love you, basement guest bathroom. your privacy makes you my number 1 place to go number 2. 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. >>> welcome to "street signs." i'm joumanna bercetche these are your headlines >>> european markets shrug off trade tensions as china fights back against washington's tariffs by implementing levees of its own. >>> the prospect of a trade war gathers pace as u.s. president donald

and $13 billion worth of shares and samsung electronics, lawmakers and regulators are trying to the existess empires. passed, oneon is family could have less control over something. a stock that is not officially start trading until monday in hong kong. some investors say gray market bids for shares of the phone maker were at times more than 9% below the issue price. investors have been abandoning hong kong equities due to concerns over the u.s.-china trade war. julia: thank you very much. now to the wall street beat, three things wall street is buzzing about. a tragic, unexpected death of hna's cochairman, and then the with hpsc,it crunch and deutsche bank maybe let go of one of europe's benchmark indices. david: joining us is jason. this is a sad and perplexing story. hna is a huge company, and the cochair was supposed to be a business and the south of france and fell. >> a tragic death, raising questions for investors around the world as to this company and its future. he was cochairman. he had taken a much more prominent role publicly, especially as hna has been trying to work through

best performer so far today, sam some -- samsung electronics providing support.r a second day. we are keeping a close eye on the jgb market. as new guidance promises a windfall for japanese bonds. you have a slight imps it -- uptick in 10 year yields today. we are seeing a spike in volatility with yields trading in the widest bailey range -- bailey range since 2015. bloomberg intelligence reckons there is more volatility given market speculation may be fueled by the doj be more flexible on operations. ramy: looking ahead to the market open, thank you. let's switch gears and go into geopolitics between the u.s. and china. a stand between both countries may be heating up again. sources in washington told bloomberg he trump administration will propose raising tariffs on too much a billion dollars of imports from 10 to 25%. comes hours after signal that the size were actually talking about that rhetoric. tom mackenzie has the latest. help us understand what is happening here. well, this announcement net we got across the terminal earlier wraps up the pressure aren on

i want to highlight when it comes to the chipmaker space, samsung electronics higher ahead of preliminaryond-quarter results this friday. overall, weakness in the chip space. david: we are looking ahead to the china open, the currency in focus recently. the pboc yesterday with a strong message. >> it helped provide some relief notasian markets, but was enough to buffer sentiment this wednesday. we are seeing losses in major markets. we are looking to see whether that will be sustained for the shanghai session. when you look at the hang seng, the recent turmoil perhaps having hong kong equity bulls with a taste of regret as the hang seng has gone from a darling to pariah in under six months. i is at a for the hs two-year low, as the yuan depreciation is having an effect on the market, down 3.7% against the dollar in the last three weeks. david: thank you very much. 6.66. let's get you an update with paul allen in sydney. the duke tate business minister says failure to reach a brexit deal would be disastrous for british industry, especially companies that rely on just-in-time supply chains.

south korean tech giant samsung electronics has estimated that its second—quarter operating profit will, which sells its own models as well as making components for other firms. and deutsche bank shares are up more than 5%, after us investment bankjp morgan denied a report in a german newspaper that it was interested in buying a stake in the german bank. the report also said that industrial and commercial bank of china might be interested in taking a stake. shares in deutsche bank are trading at record lows due to the bank's poor performance, so it wouldn't be surprising if rivals were sniffing around for a cheap deal. that's all the business news. excitement is building for england's world cup quarter—final against sweden on saturday and after that penalty shoot—out win against colombia, the euro 96 anthem, three lions football's coming home, is once again rising up the charts. it's still a fans‘ favourite, and it's also been all over social media. meme—makers have been hard at work creating their own tributes to the song. here's a selection of the best. marcel, where you going with th

south korean electronics giant samsung predicts smaller-than- expected second quarter profits. in an earnings preview released this morning, samsung saysities second quarter profit rose 5% over the same period last year but that's a 5% fall from the 1st quarter. analysts say weaker smartphone sales are to blame. kenny. >> so hena, we're hearing that the subscription based ticketing service "moviepass" is changing its pricing system. >> reporter: that's right. the surge pricing started yesterday. you will get charged extra between 2 and $6 if you plan to see a movie during a sought-after time slot. a lot of people are trying to beat the heat. "moviepass" will indicate which movies are affected by this peak pricing by including a red lightning icon above the specific showtime. >> hm. >> back to you. >> thank you. can't even remember the last time i went to the theater. but good to know. hena doba, thank you. >>> 5:40. animal shelters see a spike in lost pets directly after the 4th of july. how one bay area county is reuniting animals with their owners. >> plus, san francisco poli

. >>> samsung's giant wall tv will soon be available to theny un 146-inch tv at the consumer electronicsand since then, it's only been available for commercial use, but mass production for the wall will reportedly start in september and likely be available some time next year. no word yet on thea, that means will see our faces that large. >> that may be unnecessary. >> uncomfortable about that. >> well, you can express it in an emoji tweet here. >> sure. >> okay, there are really some new popular emojis that are out. we talk a lot about which ones everyone likes to use, but which one is the least popular? >> there's something that i only found out about today called least used emoji. and it calculates what we don't use. it turns out this is the one we don't use. abcd. officially known as the input symbol for latin capital letters. >> what? >> what a snappy name. you can find it under the symbols category. it's likely you have never even seen it let alone used it. the bot sends an unidate on the least used emoji on twitter, and the abcd one has been up there. so has the aerial tramway. >>

samsung missed its latest earnings projections due to lower demand for its flagship galaxy devices the last sign of a slowdown for smartphones as the market saturated the south korean electronics heavyweight record of thirty five percent drop in operating profits in its smartphone division compared to a year ago competition from chinese device makers has grown in recent months even as consumer demand for new smartphones has fallen samsung while apple is due to release its latest dumb but numbers today. and here's a travel tip for you where better to go and spend summers afternoon of one of paris's iconic bistros boulevard eateries offer a front row seat to the french capital's many charms most of the chairs outside those cafes come from one source a manufacturer called gutsy. these shake supporting players in the city's famed cafe culture. nothing represents of eva better than the get to be storage as well the famous since one nine hundred twenty if you look closely you'll notice that the chairs colors harmonize with the owning the look and feel have to be just right for enjoying a coffee cocktail or out one day. to finish as this is typical of hours they lost twenty five year

samsung missed its latest earnings projections due to lower demand for its flagship galaxy devices the latest sign of a slowdown for smartphones as a markets get saturated the south korean electronics heavyweight recorded a thirty five percent drop in operating profit and its smartphone division from year ago on the titian from chinese devise makers has grown in recent months even as consumer demand for new smart phones has fallen some some rival apple is due to release its latest figures today. online shopping has been booming for years but training for sales staff has remained fairly standard as one german media retailer is launching a new education program for e-commerce. customers here are trying out a prototype virtual reality shopping assistant. most transactions still involve exchanging hard cold cash for goods the primary method for food shoppers. but that's slowly changing. and retail one in eight euros is now spent online and the trend is increasing alongside technological advances. that means businesses need to adapt specifically they need to rethink how they train their staff. that to me of course we urgently need experts to deal with these changes we traditionally hire

the electronics maker posted profits that missed estimates because of weak demand for its phones. but samsunges keep rising. helpinger while it may company and the second half of the year. david: it is jobs day. we got the numbers, showing 213,000 jobs added in june. 4%mployment rate up to because 600,000 people came into the workforce. average hourly earnings rose 2.7%, a little less than forecast. raven gandhi -- gmmn gandhi, ceo of nonstick coatings, which is on brands such as kitchenaid and pyrex. alan krueger of princeton university is back with us. ravin, start with the jobs numbers. how does it fit with your experience and your implement situation? are you finding it difficult to higher people -- finding it difficult to hire people? ravin: yes, it is a tight labor market right now. we hire for high qualified r&d people because we do a lot of research. i think the economy is unequivocally strong. listening to the use of the term goldilocks economy for the last few minutes on a show, and i am nervous that if things go south, we will slow down a bit. i will also say that we basically have

this week software maker electronic arts and take two were down almost seven percent each netflix lost six percent this is gearing up for a barrel including apple later today. samsung missed its latest earnings projections ju-ju lower demand for its flagship galaxy devices the latest sign of a slowdown for smartphones as the market gets saturated the south korean john recorded a thirty five percent drop in operating profits in its smartphone division from a year ago its latest numbers today. as. well some say automation and digitisation present a horrid scenario the factories of the future could wipe out millions of jobs others say all sorts of new positions will pop up but try telling someone who's been working for the same firm for decades. here at german electronics giant workers are still operating the machines but those machines are capable of doing many tasks on their own how will that be in the future technology is developing at a rapid pace and that has a direct effect on the working world more and more jobs can be performed by robots especially in traditional manufacturing industries companies invest in robots because they save money money they can invest