we begin today with samsung electronics. it s forecasting a likely 96% plunge in first quarter operating profits. in a preliminary earnings report, the world s largest memory chip and tv manufacturer estimated its operating profit fell to $455 million for the first three months of the year. samsung electronics is going to release its full earnings later this month. katie silver sent this report from the bbc s asia business hub in singapore. in its preliminary estimates, samsung says its operating profits fell by about $450 million in the january march period this year, when compared to the same time the previous year. now demand for memory chips ramped up during covid lockdowns as consumers bought new electronics to use at home think new phones, computers, those expensive smart washing machines all of those use a lot of chips. but with fears of an economic recession looming, consumers are buying fewer tech devices, reducing demand for chips and, as a result, the companies
Joining us, msnbcs Yasmin Vossoughian outside the courthouse. Temidayo agangawilliams, a former prosecuor and Defense Attorney caroline pull lisi. Yasmin, Jury Instrekss under way right now. Whats going on . Jury instructions under way ahead of Opening Statements, jose and ana. 45 minutes for the prosecution, 25 minutes for the defense. Theyre doing that because theres going to be a lot of details, much of a timeline, a lot of dates and they dont want to overwhelm the jury in the Opening Statements process. Judgments made from the bench that i want to talk about with you quickly, first, when it comes to the evidence if, in fact, the former president decides to testify, judge juan merchan is allowing six various cases to be decided if donald trump it was. Talking about the trump payroll judgment, the trump civil fraud gag orders as well along with e. Jean carol assault case and the defamation case. A couple more things happening in court this morning. The former president spoke about ho
Bond didnt necessarily have the funds to back it up. The hearing was taking place today. In fact, the judge has just ruled that the bond does, in fact, stand. Just to remind tokes, this bond was reduced from over 455 Million down 175 Million in late march. One other thing i want to mention, guys is we did hear from Judge Merchan is that the trump civil Fraud Judgment will be readmitted as evidence, by the prosecution if the former president decides to testify, makes the decision to testify between himself and his attorneys. Thanks, and lets stay close because right now and im thinking, caroline, its really interesting that now the defense is going in and honing in on Michael Cohen telling the jury that he pled guilty to lying under oath. Why would the Prosecution Object to so many of these cases when theyre talking about people who the prosecution already recognized were problematic
96% plunge in first quarter operating profit. in a preliminary earnings report the will s largest memory chip and tv manufacturer estimated its operating profit fell to $455 million for the first three months of the year. samsung electronics is due to release its full year earnings report later this month. crypto currency platform finance will close its australian derivatives business following the country s regulators targeted review of the country. the australian securities and the commission said the cancellation was requested by the exchange of. regulatory scrutiny of finance has increased, in much the platform and its founder was sued by the us commodities watchdog for operating what was alleged to be an illegal exchange. i wanted take you for a quick check on how wall street closed overnight. as you can see on our screens all the major indices wrapping up the week in the green despite recent signs of a weakening labour market.