janet henry and stephen isaacs, stay with us. don't miss our exclusive interview with dallas fed president robert kaplan. he will join us from the american economic association annual meeting in chicago. let's get straight to the bloomberg business flash. samsung electronics has posted profits that beat estimates. operating income rose 50% in the quarter ending in december. that is as memory chip prices helped the world's largest smartphone maker bounce back from the withdrawal of its galaxy note 7. guess has rallied in after-hours trading after a surprise day of sales gains. same-store sales gained 4% last month. that lends credence to the turnaround plan. there's been some rare positive news from the hedge fund industry. according to an investor letter, a main hedge fund returned 3% last year, is first annual gain in three years. crest posted a gain of almost 50% in 2016. a spokesman for breath howard and blue crest declined to comment. that is the bloomberg business flash. francine: there are still two weeks until the inaugura