jung in yoon from hedge fund fibonacci asset management global gave us a sense of the road ahead forcast for the third quarter earning was that it will record... quarter earning was that it will record. . .— will record... three's preservers _ will record... three's preservers before . will record... three's| preservers before the will record... three's _ preservers before the consensus that they're only 79 trillion won for sales and 1.9 trillion won for sales and 1.9 trillion won profits. if you look in the breakdown on the drm side with the exception of hbm, we continue to hear the demand situation is bad, so the possibility of the price for the next year is increasing. we are also hearing the fold over handset sales are not good for mobile phones, which is another drag any profit margin. in addition, the downward trend in memory price is acting as a headwind... we anticipate the future estimates will continue to go down. future estimates will continue to go down-— future estimates will continue to go down. samsung has been very competitive _ to go down. samsung has been very compe

we have eunice yoon with more on the story from beijing. eu eunice. >> reporter: frank, state media here promised a heavy punch combo out of the briefing with the housing minister today, but that punch failed to land. the housing minister announced plans to almost double the funding quota for unfinished properties on the government white list to $562 billion by the end of the year. he did not provide a specific number for the urban areas. he declared the latest data shows the sector has bottomed out. the problem is to many investors, the package today was enough to potentially at best, to reduce the risks,risks, but necessarily drive up the rebound without fiscal spending. people are still feeling very nervous about the outlook of the economy. we should get more clarification tomorrow, frank, when the country announces its q3 gdp and more property data. >> eunice, thank you very much. eunice yoon live in beijing. >>> we turn attention back to wall street. u.s. markets are coming off solid gains with the s&p 500 sitting one-third of a percen

eunice yoon, live in beijing. great to see you. >>> time for the check on the corporate stories and a busy morning for activist investors. we have silvana henao with those. good morning. >> good morning, frank. really busy. first up is starboard value taking a sizable stake in kenvue. starboard believes the consumer products giant has some of the best brands in the industry, but is frustrated by the relative market under performance since being spun off from johnson & johnson last year. >>> separately, elliott and southwest are in talks to settle their months long proxy battle to give elliott significant representation on the board of col col directors. elliott likely ending up with six or fewer spots. talks may fall apart before any deal is official. >>> boeing reaching a new contract proposal with its striking machinist union that could put an end to the months long strike. among the terms, the new proposal includes a 35% wage increase over four years, a $7,000 sign-on bonus and guaranteed takeouts and annual bo

our eunice yoon is in beijing with the latest.ce. >> reporter: frank, chinese poll say as i makers vowed to give more on the economy, but failed to give headline numbers. eac even so, the finance minister said they would tackle debt and address unsold homes. in other words, addressing the property sector and hinted at greater government borrowing. all of the commentary was the right thing, except for the one thing that investors were hoping for and that was that hard headline number. the expectation is there could be some commentary or unveiling of the number in the coming weeks for legislative meeting. the stock markets, though, liked what they heard tentatively. the property sector saw a lot of money into that sector in the stock prices. shanghai also generally did better than hong kong. the issue, of course, with the fiscal spending, is that a lot of people here believe that that is what is needed to address the defl deflationary pressure and overall demand picture. the core inflation hit a new low since 2021. export and import

eunice yoon live in beijing.very much. >>> coming up on "worldwide exchange," more on meta and microsoft and how they are weighing on the markets ahead of open and which is a buy. >>> if you haven't already, follow our podcast on spotify or apple or other podcast apps. much more "worldwide exchange" coming up after this. is it me... or is work not working? at least, not the way it could work. your people are buried in busy work. and you might be thinking... can ai make it all work? it can. on the servicenow platform, ai transforms your entire business. your people work better, your customers are happier, and todd... well... he's practically euphoric. practically. so, let's get to work. (♪♪) awkward question... is there going to be anything... -left over? -yeah. oh, absolutely. (inner monologue) my kids don't know what they want. you know who knows what she wants? me! with empower, we get all of our financial questions answered. so you don't have to worry. empower. what's next. what if your mobile network wasn't j

for more, let's speak tojung ng yoon from hedge fund fibonacci asset management global. the forecastrd quarter earning was it plans to record... ':: j~ quarter earning was it plans to record... ':: j~ ., quarter earning was it plans to record- - -_ record... 10.8 trillion won in rofit. record... 10.8 trillion won in profit. today's _ record... 10.8 trillion won in profit. today's reserve - record... 10.8 trillion won in profit. today's reserve is - profit. today's reserve is below the consensus with only 79.3 trillion won for sales... if you look in the breakdown on the drm side with the expectation and exception of hbm, we continue to hear the demand situation is bad so the possibility of the adam price following early next year is also increasing. also hearing that the fault of a handset sales are not good for mobile phones, another dragon the profit margin. the downward trend in memory price is acting for a headwind forfuture for a headwind for future earnings so we anticipate the future estimates will continue to go down. future estimates will continue to go down-— future estimat

president yoon suk yeol slammed it as a "provocation".says around 3,000 north korean soldiers are currently in russia, with thousands more troops to be sent by december. the american national security spokesmanjohn kirby says the american national security spokesmanjohn kirby says the troops travelled by ship to vladivostok, russia's largest pacific port, in early to mid—0ctober to receive training at various sites. but he said it still isn't clear whether they will be deployed to the front line. while russia and north korea deny the reports, the two nations have strengthened collaborations in recent years — and signed a major security agreement injune that commits both countries to provide military assistance if either is attacked. this is whatjohn kirby said at a white house breifing. we have briefed the ukrainian government on our understanding of the situation and we are certainly consulting closely with other allies, partners and countries in the region about the implications of such a dramatic move and on how we might respond. one o

south korea's president yoon suk yeol says he sees the move as a significant threat to his country anduth korean officials are in brussels, where they are briefing nato and the eu — before heading to ukraine to share their intelligence. fighting has intensified in ukraine. 0vernight russian attacks killed six people in kyiv, and four others in kharkiv. let's speak to marina miron, a post—doctoral researcher in war studies at kings college london. do we know what russia intends to do with these new north korean troops, will they be deployed to the front line? there are a couple of possibilities. the first thing we have to understand is that there will be a language barrier which means it will be difficult for russian commanders to communicate with these troops. whether they will be sent into the meat grinder but there is another possibility i believe to be more feasible from the russian standpoint, to use those troops in the rear because they don't have any experience of fighting a contemporary war, especially a contemporary war, especially a war like the one in ukraine. if they are dep

>> our eunice yoon in beijing for us. the measures seem to actually address the fact that there's just a glut in housing inventory and for the government to declare that the sector has bottomed out is really unconvincing at this point. in terms of the trade, though, guy, what do you see for some of these stocks? >> well, they're not going to be able to fix the real estate. they should know that if they don't, they're sort of fooling themselves. but the trade is exactly what tim seymour's been laying out. you had that runup in alibaba, you got up to 123. he was selling calls against it. this back and fill is going to fill a gap that we created on the upside, but i don't -- personally, i don't think the trade is over, so, it's either alibaba at these levels, you start to layer in, or fxi around 28 1/2 and 29, which also fills a gap. because i do think you're going to get more into the end of the year that's going to sort of reaccelerate both the individual names and these etfs, mel. >> you got two toes -- >> three toes now.

se yoon is now trying to get out of lebanon with help from the u.s. embassy. his family's catching a flight from beirut's, but the trip to the airport includes driving through multiple cities, impacted by the bombing. >> it is definitely sad when war breaks out in the middle east and i family here that i'm concerned about. typically, thankfully the fighting doesn't move this far north, you know, you never know. >> science says that he and his family also had to flee lebanon back in 2006 bid because of fighting between israel and has blonde his family's going to be flying to turkey and they will have 72 hours to book a flight back to the united states. >> a young woman from tel aviv is also sharing her story tonight. she says she was forced into a bomb shelter while iran launched almost 200 missiles into israel. >> they something scary about leaking. seeing everyone else around. do the same thing. you fright the concept of how bad was. the skate of think i i but at the moment, i was really least in my point of view, i was really calm. because it was well known

eunice yoon is live in beijing with the latest.ood morning, eunice >> carl, the government is attempting to send a small to the market that it does indeed want to support the struggling economy. however, it's left investors guessing exactly what the scale and the specifics of that plan is going to be. over the weekend, the finance minister held a very anticipated press briefing or briefing, i should say, and he focused on the need to address the local government debt, saying that these would be the most powerful steps in years to tackle these problems, including, like, a one-time debt swap program. also mentioned the effort to address the problems in the property sector, saying that they would expand funding for unsold homes through special bonds that would go to the local government, and then finally, the authorities had hinted that there would be ample room for deficit expansion, so greater government borrowing. now, some investors were expecting to hear more. most people wanted to see a firm headline figure when it came to fisca

he criticized south korean president yoon-yol for threatening to end the north korean regime in a military operation. i note that recently, kim jong-un said that his country is going to increase the number of nuclear weapons in geometric progression. historical increase. the profile committee of the council supported the draft law on increasing taxes to the second reading, in particular, the introduction of the military levy for fops and the increase of these payments to 5%. the draft law also provides for a 50% tax on excess profits of banks and 25% for financial companies. at the same time, they offer not to tax cashback. the corresponding changes were supported by 19 members of the committee. the verkhovna rada will consider the bill as follows. week undeclared millions of dollars and real estate in the khmelnytsky region exposed the manager center of the medical and social expert commission on illegal enrichment. her son, the head of the regional pension fund, is also involved in the fraud. the family is suspected of issuing fake disability certificates for conscripted men. during the

eunice yoon tells us it is an important meeting because they expect the government to approve and announcetimulus package at that time. >>> coming up on "worldwide exchange," the one word every investor needs to know today and shares of one home improvement stock. the mystery chart will be revealed coming up next. "i can solve this in 4 different ways" person. and that person... is impossible to replace. you need clem. clem needs benefits. work with principal so we can help you help clem with a retirement and benefits plan that's right for him. let our expertise round out yours. (♪♪) at enterprise mobility, our experts always see another road. because when there's no limit to how far mobility can go, there's no limit to how far businesses can go. (♪♪) oh no, a rash. maybe it'll go away. awww, how am i going to find a doctor i'll actually like? is that a qr code? dr. stafford makes you feel at ease. thanks rash! you've got more options than you know. book now. >>> welcome back time for the bonus batch of the big money movers de dex dexcom shares falling. the maker of glucose monitors says t

se yoon is now trying to get out of lebanon with help from the u.s. embassy. his family is catching a flight from beirut, but the trip to the airport includes driving through multiple cities impacted by the bombing. >> it is definitely sad when war breaks out in the middle east and i family here that i'm concerned about. typically, thankfully the fighting doesn't move this far north, you know, you never know. >> well saying and says that he and his family have also had to flee lebanon back in 2006 because of fighting between israel and hezbollah. his family will be flying to turkey and they will have 72 hours to book a flight back to the united states. >> a young woman from tel aviv is also sharing her story tonight. she says she was forced into a bomb shelter while iran launched almost 200 missiles israel. >> there you something scary about leaking seeing everyone else around. do the same thing. you fright the concept of how bad was. the skate of think i i but at the moment was really least in my point of view, i was really calm. because it was well known as

. >> she wanteds more of the same, we can't be wedded to cbo score, they were off by a tril yoon. larry: they are always wrong. trump corporate tack as a big revenue lose earl, now. from the news paper that morning. we're in the 10 year window, that is how they score these. we still producing huge revenue surpluses from his corporate tax cuts, and they won't acknowledge that. each year, they make long-term projections they have been wrong every year. it a scandal, someone should do something about congressional think about was on the that is official government score keeper, or the joint tax committee, their sidekick, and they are always wrong, last word do something, you will be chairman against slam them. >> listen, we can do what we think is right, we have a lot of external validators goldman sachs says that the green energy corporation tax subsidies that came out of so-called inflation reduction act would cost $200 billion, and instead closer to a trillion. larry, of course. >> wrong again. let's do what we know to be right, you talk about art laffer and laffer curve, let's ma

. >> eunice yoon, thank you. >>> tmc expects to start producing chips in its first plant in arizona byhe start of 2025. here's what citi analyst chris danely said yet about that. >> number one foundry out there is tsmc. they literal le gain share every year. what the u.s. government should do is just give it all to tsmc, counter them build fabs, otherwise, you're just spinning wheels, wasting money. >>> of course, tsmc is in no way a chinese company. it's a taiwan-based company. joining us is to discuss is dewardrick, welcome. how do you respond to what mr. danely said there, just take the money and give it to tsmc. they're the ones who know how to build fabs, how to operate them, and why not just do that rather than try to reinvent the wheel with u.s. companies that are neither as good or as able to create the way tsmc is. in. >> first, i want to echo your sent sentiments. this is a company from taiwan, not china. there's no question that tsmc is a leader in the space. we cannot deny that, but when we talk about the u.s. government, i think we have to understand this is not just a loo

if they were palestinian civil yoons that were fleeing, being shot -- palestinian civilians, that would be unacceptable. >> is the u.s. investigating it? >> we're not conducting our own investigations. as a matter of first course, it's appropriate for the government of israel to conduct investigations. we have been, intervened with them in the past about this type of incident, and they've told us they have hundreds and hundreds of ongoing investigations into potential violations of the idf rules of conduct, and we expect them to conduct those investigations. and, add i -- as i said, if they show wrongdoing, hold people accountable. >> have you told them to the conduct investigations specifically into these incident ises -- >> i'm not aware of any specific contact with them about this incident per se, but this is the type of thing that we often communicate with them about, and it's the type of thing we expect them to take action on. [inaudible conversations] >> go ahead, and then i'll go tomy hell next. to the michelle next. >> [inaudible] >> so when it comes to hezbollah militants who a

san mateo resident, jonathan se yoon and his parents have been visiting family just outside of beirut. it's the country's capital and the largest city, which was just bombed by israel. so you is now trying to get out of lebanon with help from the u.s. embassy. his family is catching a flight from beirut, but the trip to the airport includes driving through multiple cities, impacted by the bombing. >> it is definitely sad when war breaks out in the middle east and i've got family here that i'm concerned about. typically, thankfully the fighting doesn't move this far north, but you know, you never know. >> so as he and his family also had to flee lebanon back in 2006 because of fighting between israel and hezbollah. his family will be flying from to turkey rather and have 72 hours to book a flight back to the united states. i mean, time tensions are high as the jewish community kicks off russia. shauna also known as the jewish new year community members in the bay area say the recent missile attacks on israel and continued anti-semitism. >> have made things difficult. >> at the same tim

san mateo resident, jonathan se yoon and his parents have been visiting family just outside of beirut's the country's capital and largest city, which was just bombed by israel. so, you he's now trying to get out of lebanon with help from the u.s. embassy. his family is catching a flight from beirut, but the trip to the airport includes driving through multiple cities impacted by the bombing. >> it is definitely sad when war breaks out in the middle east and i family here that i'm concerned about. typically, thankfully the fighting doesn't move this far north, but you know, you never know. >> so use as he and his family also had to flee lebanon back in 2006 because of fighting between israel and hezbollah. his family will fly to turkey and have 72 hours to book a flight back to the u.s.. >> going to take a break here at 6.24. but coming up on the kron, 4 morning news, people living in their rv's are trailers could soon have their homes towed because of a new rule in san francisco, we spoke with one person living in an rv just trying to make ends meet. and the heat still gripping the ba

this road here, just behind me, this is a continuation of one of the need lifelines out of a merger yoon. and that was here, which is over that way. that road is actually been bombed about 3 times. now. the 1st time it happened, a lebanese army engine is repaired, it very makes ship repass to able to allow civilians to be able to leave. then it was bombed again, and the, in the incident, a lebanese army engineer, it was actually injured. it's been boned since then, and these are the lebanese army is simply just not repairing anymore, because it's dangerous for the people. now the people who are faced with a choice, the on the is really on the evacuation or does they have to leave that area and they, complying outfit and that's a panic. but would you put your family in a car and drive down that road knowing that might be and is really striking. this is now the question people are putting to themselves. they're also very worried about where they go to your sit on a central by root, but something so because they were all being attacked, those was supposed to be safe places that they could g

yoon, i've heard that a lot. it has been sort of a central theme of what they've said. look, they do not believe at cost them any votes of trump supporters. but again, the question, what about those voters in the middle of the harris campaign really believes there are some movable independents and moderates but republicans, the one that liz cheney is trying to go after, they believe they may be concerned about these, the trump campaign is pushing back hard against as the former president had some shots at the vice president saying she's not campaigning again, she's been campaigning a lot. both of them have been campaigning a lot, putting a lot of miles on but not a lot new from him. otherwise, today, there we just heard from philadelphia mayor cherelle parker that she was campaigning in south philly with vice president harris earlier today at famous deli, one of my one of my old haunts when i was a kid, jeff zeleny, thanks so much. >> i want to bring in cnn political contributors. van jones and david urban and david, i just spoke with mayor parker and she said seemed co

cnn the former president's event tonight in atlanta follows to campaign appearances which stand out yoon for him during an interview today with the editor-in-chief of bloomberg news, he had difficulty staying on topic should google be broken up i just haven't gotten over something that justice department did yesterday where virginia cleaned up its voter rolls and get rid of thousands and thousands of bed votes and the justice department sued them, that they should be allowed to put those bad votes and illegal votes back in and let the people vote so i haven't, i haven't gotten, i haven't gotten over that. a lot of people have seen that they can't even believe the question is about google president jump as he often does lately, he tried to portray his digressions and some kind of display verbal virtuosity. >> or as he calls it, the we've listen to the questions he's asked and the journey he takes critics say you're tariffs will end up being like a national sales tax? no. >> no, because the country's matter. if you have america at the moment has 3 trillion worth of imports, you're going to

jong on, as threatening to use nuclear weapons to destroy south korea after south korea's president yoon warned that the north will face the end of its regime if it tries to do so. my source tonight is the washington post columnist josh rogin and josh, this is really interesting because north korea has spent months trying to fortify its already heavily armed border. obviously there are about 30,000, 20,000 us troops are stationed in south korea. i just wonder what you read into this move by north korea on top of every everything that we've been seeing lately. >> okay. kaitlan, it's pretty stunning. kim jong un has completely changed north korea's ed year long strategy of reunification. his father, his grandfather all said the goal of north korea was to reunify with south under their command by they're telling and now that's no longer the case. by blowing up the roads, he's literally blowing up that connections. the last remaining connection he has with the south. this means that north korea is no longer trying to unify with the south. they are looking towards other actors for their futur

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