samsung electronics has announced dramatically which is profits which industry analysts say could be due to weaken demand for its maybelle devices profits for the year's 3rd quarter were cut by more than half that of a year again the south korean company is expected to report its final results later this month plain hey has more from seoul. these are not the final detail the figures for the quarter released by samsung electronics they will be released towards the end of the month but this is limited released as part of its regulatory filing so something it was required to do so what we see is that operating profit for the july to september quarter likely to be down 56 percent so we're looking at $6440000000.00 that is actually above what many analysts had forecast for this quarter and is actually are almost 17 percent up on the previous quarter we're also coming off a 2 year boom in the memory chip market which is where some song electronics makes most of its money so why are we seeing this decline of more than 50 percent well a lot of it's being blamed on the u.s. china trade war. i

also on the show back in court the add to the samsung electronics is corruption case is up for review. this is business africa on the shelf is welcome to plane crashes in indonesia and ethiopia shocked the world and sent the shares a plane manufacturer of boeing into a tailspin accident investigators in jakarta have now concluded it was a combination of design flaws in boeing's 737 jet inadequate training and maintenance problems that led to the line that crash a year ago when 189 people lost their lives if one of those failures happened to cut the accident may have been avoided one of the investigators said. the lion air boeing 737 max plunged into the java sea only 13 minutes after taking off in jakarta. now indonesian air accident investigators have found that a critical sense of providing data to the m cast like control system was wrongly calibrated during a repair they also cited strong evidence that it wasn't tested during installation by a lion air engineering staff fed with false data the empty store system pushed the plane's nose down leaving pilots fighting a losing battle t

back in the course of the ad to the samsung electronics empire is corruption case is up for review. this is business and. as welcome now if you think about where in asia you would found a startup or invest in one bank that they would probably not be on top of your list but it should be the bangladeshi economy has been enjoying growth between 5 and 7 percent for years and the capital dhaka is home to one of the liveliest startup scenes in the region founders of companies that believe strongly in their country's potential but there is a problem foreign investors are still few and far between. this group is getting ready to shoot a video that will appear on the streaming service bongo. can you give. bongo is one of the most successful startups and bangladesh that provides entertainment and information.

a saying in asia samsung electronics is expecting operating profits to drop more than 56 percent in the 3rd quarter down to $6400000000.00 that's a stark reversal from the same period last year when the company posted record results south korean tech giant cited sluggish global demand for computer chips but it's not all doom and gloom analysts expect the markets recover as the next generation networks are rolled out. crystal. isn't mincing words a new head of the international monetary fund warned in her 1st speech that trade wars geo political tensions and brags that could all lead to broken supply chains and thereby compromise global growth the consequences she said would still be felt in a generation trade conflicts are causing widespread lasting damage that's according to the i.m.f. incoming managing director christina given she fears they could shrink the global economy by $700000000000.00 or 0.8 percent of g.d.p. next year between. to date even more of the world economy is moving to see but unfortunately this growth is celebrating to be precise in 2019 we expect slower growth in n

back in court to add to the samsung electronics is corruption case is up for review . this is business. as welcome if you think about where in asia you would found a startup or invest in one bank that they would probably not be on top of your list but it should be the bangladeshi economy has been enjoying growth between 5 and 7 percent for years and the capital dhaka is home to one of the liveliest startup scenes in the region founders of companies that believe strongly in their country's potential there is a problem foreign investors are still few and far between. this group is getting ready to shoot a video that will appear on the streaming service bongo go down i do not want to give you good. bongo is one of the most successful startups and bangladesh that provides entertainment and information aimed at bengali speakers its founders recognized the market was ripe for the service it's already started paying off and there's plenty of room to expand to 300000000 people speak in bengali right now we have 75000000 people that are already attached to our network our conte

action the $737.00 max was grounded back in march after being involved in 2 fatal accidents samsung electronics is expecting its operating profits to drop more than 56 percent in these 3rd quarter down to $6400000000.00 is stark reversal from the same period last year when it posted record results the south korean tech giant cited a sluggish global demand for computer chips. the deadline for a threatened nodia brags that is nearing with businesses warning of the potentially devastating consequences of an abrupt u.k. departure from the european union now new figures show that the threat of bragg's it alone is already hitting the u.k.'s trade relationship with the e.u. quite hard. london and brussels are at an impasse so things are not looking good for businesses german exporters have already been suffering losses linked to breaks that poured into the german federation of exporters the b g 8 in the 1st half of this year german exporters to the u.k. last trade worth over 3500000000 euros as a result of brags that it says and things could get worse the flood an unbridled cannot reach a deal for an

and now to some of the other stories making news around the world samsung electronics is expecting its operating profits to drop more than 56 percent in the 3rd quarter down to $6400000000.00 a stark reversal from the same period last year when it posed record results the south korean tech giant cited a sluggish global demand for computer chips a policy unit in the united states is suing boeing over wages lost as a result of the grounding of the $737.00 max worker representatives that budget carrier southwest airlines say staff of missed out on $100000000.00 and pay because of the model being out of action 737 max was grounded think in march after being involved in 2 fatal accidents. to ecuador now and tensions are running high in the south american country indigenous people and farmers have been clashing with security forces and their protest of soaring petrol prices earlier the government has scrapped fuel subsidies in order to obtain much needed financial aid from the international monetary fund the clashes have only been the latest incidents in days of looting and vandalism which p

complains rich countries again mean the world trade system and back in course the edge of the samsung electronics empire is corruption case is up for review. i'm going from one place to business and you study shows europe's economic engine is stabilizing and that's despite so much uncertainty surrounding the future of global trade and the potential fallout of brags that the business climate index has just been released and economists surprised they were expecting morale to take another hit instead it's holding steady many businesses actually expect order numbers to grow over the next half year germany's export refined economy has been suffering from slower global growth and business uncertainty caused by some governments protectionist measures. and we can get out to tens 1st president of the institute what has changed. oh yes we have a change in manufacturing so the decline in the evil in the eggs were mostly due to a decline in manufacturing over over months and we now have a some of the stabilization in this very important area for the german economy one of the reasons bragg's it brags it has b

samsung electronics at its operating profits dropped by more than a halt in the 3rd quarter compared to a year ago analysts say the slump could be due to declining prices for its chips as well as weekend demand for its mobile devices the company is expected to report its final results later this month when haye has more from seoul. these are not the final detail the figures for the quarter released by samsung electronics they will be released towards the end of the month but this is limited released as part of its regulatory filing so something it was required to do so what we see is that operating profit for the july to september quarter likely to be down 56 percent so we're looking at $6440000000.00 that is actually above what many analysts had forecast for this quarter and it's actually almost 17 percent up on the previous quarter we're also coming off a 2 year boom in the memory chip market which is where some song electronics makes most of its money so why are we seeing this decline of more than 50 percent well a lot of it's being blamed on the u.s. china trade war. is a major s

samsung electronics has announced dramatically reduce profits which industry analysts say could be due to we could demand for its mobile devices profits for the years 3rd quarter were cut by more than half that of a year ago the south korean company is expected to report its final results later this month. in india the government's been bailing out some state owned companies that have been making losses and part of its support often depends on the companies cutting jobs bought some workers facing the axe say they're concerned they're not getting enough help from the unions and reports now from west bengal's capital kolkata. look not koch says he can't afford to pay the rent of his one group home he is an office assistant at a state owned telecom provider which has run into large losses and is among thousands of workers who have not been paid their salaries for 8 months. i want to come here i have a small daughter unable to pay her school fees or tuition fees. now he has turned to his union for help under the terms of a government bailout his employer is reported to be considering shutt

we are watching samsung electronics very closely. 1.2% after their third-quarter net profit. -- profit beat estimates. the korean won has been under pressure after rising to four-month highs this week on some trade optimism. now, we are seeing it strengthen again. the asx 200 being led lower by energy and financials. falling for the first time in eight days. kiwi stocks, down slightly. let's get the first word news with ritika gupta. of of initial u.s. china trade deal are in doubt after ongoing protests forced chile to cancel next months summit where the two leaders were expected to sign an agreement. the white house says it will continue to press to finalize the phase one deal in the coming weeks. organizers say they have no plans to hold the event elsewhere. chile canceled a u.n. climate conference scheduled for december. israel is setting up a security panel to monitor foreign investment after pressure from the u.s.. the move comes after prime metster benjamin netanyahu with u.s. treasury secretary steven mnuchin. the was warned

let's bring in mark newman, who when itutperform rating comes to samsung electronics.us on the line now. you.s great to have you're biggest takeaways from this latest earnings? think the number was a consensus. we haven't gotten all the details yet from the company. but clearly, you know, as your saying, handt was seths are doing -- hand sets doing quite well. semiconductors, also signs of improvement. still fallingare but we are seeing recovery and demand. we're seeing strong bit growth. expect from samsung numbers. that is including very strong volumes, improving demands. they recorded just over a week ago -- better demands. supply has been reset lower. although prices are still decline ine rate of prices is slowing. of early signsot that we're seeing in recovery and memory. mosthat's what's important, is the turnaround in memory prices, which we think is -- we're already starting to see early signs of that starting now. >> that does have wider implications. i would wondering if you could elaborate more on that. when samsung does well, fine.hip prices are or not fine

one reason is samsung electronics.res are up 24% this year and there is some optimism ahead of its earnings, due out today. alsoave tokyo electron, have done very well and have helped asian techs shares largely outperform the broader markets. bullish on chipmakers. a slide in prices slowed considerably in the fourth quarter. there is some optimism that investment in 5g technology increases, this will lead to more demand for chips. some positive signs out there underpinning these gains in asian chipmakers. shery: we will be watching closely for those results. we have been talking about a bottom for chipmakers for quite some time. thank you so much, andreea. you can find her charts on the library on the bloomberg. now, the nba is trying to hold on to its multibillion-dollar relationship with china. the league hopes to contain the damage after the general manager of the houston rockets tweeted in support of protesters in hong kong, a move that inferior rated basketball fans in china and saw the rockets lose vital sponsors

industry which means we need the revenue, we need to be able to supply so huawei can get from samsung electronics ant rules, they definition and they have not been given that. they have been promised it. we reported that the trump administration had a meeting with senior technology executives, promised them licenses are coming soon, it will be sorted out. it still hasn't happened. the concern is until china starts buying soybeans or something that is not connected to them, they will not get that clarity. taylor: what is that concern about market share? where they say, if we don't sell to huawei or to china, someone else will, and then we will end up just being hurt because we lose market share. is that valid? ian: it is absolutely valid in the case of some companies. let's face it, there is no real replacement for high-end. huawei cannot get that. memory chips, absolutely. micron had a huge business with huawei. those chips can absolutely be replaced overnight by just going simply and ordering them from samsung. taylor: we are coming up on earnings season where we will hear from a lot of these ch

say that whatrs they are seeing is now the conference call of the samsung electronics, which is the endat they want to hear from samsung is how samsung is impacting the prices , which is said to be making a faster turnaround, and they also want to know what is going on with the samsung technology as well, and also there's some speculation that samsung's display business might be better than their expectations. seriesto the iphone 11 or something like that. paul: all right. kim, stocks reporter heejin thanks for joining us. let's get a check of the business flash headlines. hong kong stock exchange has scrapped its bid to buy the london stock exchange and says it is disappointed and it is no longer in the best interest of shareholders to pursue the proposal. this comes ahead of a wednesday deadline that required the hong kong exchange to revise the terms of its offer. shery: do you think you could convince a robot to hire you? singapore is using a chatbots to help find candidates for wealth management business. says his lack of natural bias and prejudice when talking to candidates has al

we are watching samsung electronics on the vice chairman's retrials for his bribery case.he south korean government is announcing this morning at the country will give up its withoping nations status the wto. checking in on aussie bonds. the 10 year yield a creeping back toward 1%. pimco snapping up australian state debt. of the as speculation are present and rba have to follow the fed and have quantitative easing. euro, slipping to a one-week low. advance.ed its early pmi, split, on the thought of whether a boost in the pound would result from brexit. shery: we have breaking news. budweiser brewing for asia. ine months net income coming at $5.42 billion. the first report since the ipo in hong kong. we are getting the latest numbers coming in at $5.4 million. $5.42 billion. -- billion. actually, we had to correct those numbers. $853ncome coming in at million. nine months net income, $853 million. we are talking about revenue for the first nine months, coming in dollars -- $5.34 billion. gross margin will be 52.4%. at 853 million. revenue at 5.3 port billion dollars. -- $5.

. >> as you said, traders are increasingly bullish on samsung electronics.ign in the recovering global chip industry. the prices of the year and chips are falling less than it did in the previous quarter. -- prices of the dram chips. we also see the inventory of the chip makers are declining. also, everyone agrees with the future demand for that ship, which could be used for servers, 5g technology and ai the sentiment in seoul is that traders watching for the bottom in this industry, so everyone is asking, when is the bottom coming. ,aybe we have the bottom near so why do we buy some ships now. juliette: markets look ahead. but then you have comedies like micron technologies their earnings forecast was low at market exit dictation's. they were citing concerns over the trade war. -- their forecast was below market exit dictation's. worriedurse traders are about microns forecast. micron always say has to be a little conservative in their guidance. as youe issues mentioned, the trade war between the u.s. and china. that could have an impact on the sentiment or

samsung electronics posting quarterly earnings that easily beat estimates.g demand for the south korean company's new note 10 smartphone. they've also been helped by the debut of the iphone 11 pro, which uses the samsung digital display screen. alix: thank you so much. still with me on set, sarah hunt, alpine woods portfolio manager. tech, do you like it or not? sarah: i think there are places in tech that are attractive. the story the beginning of the year was you are going to have an inventory correction, and everyone was waiting to see when that was over. stocks report better when they feel like the worst of it is over. where are we in terms of supply and demand and everything else. i think that has gotten drawn out a bit longer than people thought was going to be, at least in june, and some of those stocks got weaker i can. on the semiconductor side, i think you see some of the stocks recover. on the other tech side, like amazon and the larger u.s. tech stocks, i don't see a whole lot that's wrong with that going on right now. i think that's an area wher

samsung electronics posting better earnings than were expected.g a gradual recovery in the memory chip market next year. says growing sales of 5g products added to the bottom line. juicecreated new ways to iphone sales. a second of talked about installment plans and giveaways. latest quarter iphone sales falling, but overall revenues rose. apple forecasts more topline growth during the holiday period. facebook user growth is still possible in the u.s. better than expected third-quarter sales. global useronthly base growing by 35 million, that includes 3 million new users in the north american market. thank you so much. what was extraordinary about the apple conference call and text calls, the scale here, becoming like the two big to fail big banks. we don't really understand the size of these companies. apple services, itunes and all that is the size of a fortune 70 company in america. as viviana mentioned, the installment sale growth, the monthly plan growth, the drug of the product on the monthly plan is explosive. francine: i think i was lookin

jobs but the global economy john hendren al-jazeera chicago the era of the south korean electronics giant samsungs been back in court for a retrial on bribery charges j. wiley could face jail time after the supreme court ruled the case should be heard again he's been given a 2 and a half year suspended sentence for seeking favors from former president. the scandal led to nationwide protests and pots and peach meant the bride has the latest from so. this case goes all the way back to the corruption scandal that brought down the former president park geun head now j.y. lee was found guilty of bribery charges and was given initially a 5 year sentence he served one year of that but then on appeal that sentence was cut in half and he was released from prison now subsequently the prosecution has appealed that decision and got a ruling from the country's supremes court which has now sent the case back here to the high court and now this court could decide to reimpose a harsher sentence which could mean for j. widely being returned to prison that obviously is bad news for samsung and potentially bad news

the air of the south korean electronics giant samsung has been back in court for his bribery retrialwiley was given a 2 and a half year suspended sentence for seeking favors from the former president huge swaths of land have been consumed by wildfires burning right across the u.s. state of california where at least 40000 people have had to leave their homes and businesses around 500 firefighters are still battling the flames those are the headlines on al-jazeera inside story is coming up next stay with us. we understand the differences and the similarities of cultures across the world. so no matter where you call home al-jazeera international bringing the news and current affairs that matter to. al-jazeera. the search for answers in britain after $39.00 bodies are discovered in a truck come tragedies like this to be avoided and why have governments paid to stop to look at it people smuggling trade this is inside story. and welcome to the program. the latest deaths of undocumented migrants in britain is highlighting the international struggle to combat people smuggling police in the u

electronics. and robotic spacecraft samsung launched into space came crashing back to earth on the front yard of asaturday, samsung's so-called space selfie was to take photographs of a unique view of planet earth in outer space. no injuries reported. >> look at this, this is what happened when a big sinkhole devoured back-end of a bus in pittsburgh. opened up while the bus was stopped at a red light, two people were onboard, the driver and a passenger escaped with minor injuries. >> and no north carolina a man won a 200,000 lotto prize, on his last day of cancer treatment. ronnie foster is a retired state transportation worker, he said he will use money to pay off his medical bills, he paid a dollar for that winning ticket. lou dobbs is joining us with a preview of his show. >> congratulation on that last day of cancer treatment when a lucky day. >> liz, we take up another major victory for the president. the killing of isis leader al-baghdadi, co colonel mcgreger and walid phares will join us. and joining us, special guest donald trump jr., investigative journalist john salomon and republican st

the heir of the south korean electronics giant samsung has been back in court for a retrial on briberyharges genuinely could face jail time after the supreme court ruled the case should be had again he's been given a 2 and a half year suspended sentence for seeking favors from former president pathan hey the scandal led to nationwide protests and parts pietschmann from the private has the latest from solve. this case goes all the way back to the corruption scandal that brought down the former president parky and hey now jay wiley was found guilty of bribery charges and was given initially a 5 year sentence he served one year of that but then on appeal that sentence was cut in half and he was released from prison now subsequently the prosecution has appealed that decision and got a ruling from the country's supremes court which has now sent the case back here to the high court this court could decide to reimpose a harsher sentence which could mean for j. wiley being returned to prison that obviously is bad news for samsung and potentially bad news for south korea given samsung's size it

electronics like isos and laptops. giving an advantage to foreign competitors like samsung who don't assembl products in chi and driving up prices for those that are. for "nightly business report," i'm kayla tausche in washington. >>> so what is the market hoping to hear from the trade meetings at the end of the week? we're joint by david leboits from jpmorgan asset management. welcome back. >> thanks for having me. >> what does the market anticipate or want to hear at this juncture? >> so i think that the market is operating under an assumption that eventually at some point we do get some sort of deal. i think in terms what the markets wants to see with respect to this week and the next couple of months is the tariffs that are on the cusp of going into effect, seeing that can get kicked, seeinin no escalation in terms of where things currently stand. i don't think the market is expecting this to go away but maintaining the two steps forward, one step backypef narrative that we've seen in play for the past 18 months is what the market is pricing in. >> there was a survey of the economists that make up the national asso

samsung electronics said profits in the last quarter will fall by more than half from a year earlier, blame on weak demand for computer chips. the quarter could have been worse but strong sales of the galaxy 10 helped the company beat analyst estimates. wendy's plan to serve breakfast next year is going to cost a lot of money. an analyst estimates the chain will have to spend $250 million to launch the national breakfast program. that's significantly more than the $20 million wendy's said it planned to invest when it announced the plan last month. and all rise, here comes judge barbie. mattel introducing the latest career move for the iconic doll. this barbie is available online for $13 many she comes with a black robe, a gavel and lacey collar, likely inspired by justice rout ruth bader ginsbur. cheryl: thank you very much. lauren: we had selling yesterday and dow under a little bit of pressure this morning. down about 18 points. the s&p and nasdaq each down 2 in the premarket. still ahead, rough road for facebook, the company settling one lawsuit, now accused of putting people's dat