With sally and World Business report. From Boardroom Chief to commander in chief. Trump hands control of his Business Empire to his sons. But ethical questions will remain for americas richest ever president. Plus i apologize to the south korean people. Samsung Boss Jay Y Lee is questioned in a growing Corruption Scandal welcome to World Business report. Im Sally Bundock well be live in seoul in a moment for the latest on samsung. But first we are in the us where, as youve been hearing, President Elect donald trump has been dismissing claims russia holds Compromising Material on him, calling it fa ke news. The row has even threatened to overshadow controversy over mr trumps Business Dealings and concerns he will face a major Conflict Of Interest once in the white house. On wednesday he said hed hold onto his Business Empire but hand complete control to his two eldest sons, donald junior and eric. So will it be enough to silence the critics . Lets show you some of the details. The Trump
The second quarter. It is teaming up with panasonic to build a socalled gigafactory. The plant will produce lithium iron batteries, which has been a challenge for tesla. Cory, what is your take on the numbers . Are they good, not so good . Yes. There were some numbers that were good and some numbers that were not good. There were some things that were weird. Lets give tesla credit where credit is due. They showed a revival in sales. The company has seen a decline in sales in a quarter over quarter basis. March quarter going into june, you thought maybe in the early parts of summer they would sell even fewer cars. Tesla saw an increase in the number of cars sold. The sold about 1200 more model s cars, and that meant a 17 quarter over quarter increase. They need to do that. They have had a big target out there for annual sales in terms of units of 35,000. Even the revenues are really hard a lot of times we look at companies and say, look at the revenue number, look at the earningspershar
Them. Also joining us, David Kilpatrick who literally wrote the book on facebook, the facebook effect. And from new york, sarah frier who covers facebook in and out. David kirkpatrick, i want to start with you. We get these Quarterly Earnings and we are reminded yet again aha. Wow. Look at what they are able to do. What is your reaction . We are getting used to days like this. Theyve had four in a row now now that they have figured out mobile. I think it is becoming increasingly clear what a colossal money machine this company can become and is becoming. My book came out in 2010 and when i wrote it, i had no idea what happened. I thought it would be a Good Business to that point, this is a company that generated nearly 3 billion in revenue in the three months stretch. About 1 billion more in the same time last year. Adam burke, can you explain to us how exactly this works . How are they better able to target ads to people on facebook which then marketers are happy with . It really come
700 cars in the Second Quarter cars in the Second Quarter. It is teaming up with panasonic to build a socalled gigafactory. The plant will produce lithium iron batteries, which has been a challenge for tesla. Cory, what is your take on the numbers . Are they good, not so good . Yes. There were some numbers that were good and some numbers that were not good. There were some things that were weird. Lets give tesla credit where credit is due. They showed a revival in sales. The company has seen a decline in sales in a quarter over quarter basis. March quarter going into june, you thought maybe in the early parts of summer they would sell even fewer cars. Tesla saw an increase in the number of cars sold. Se sold about 1200 more model cars, and that meant a 17 quarter over quarter increase. They need to do that. They have had a big target out there for annual sales in terms of units of 35,000. Even the revenues are really hard a lot of times we look at companies and say, look at the number
French company has made a takeover bid. Is offering 15 billion in cash for a state in tmobile which would be financed with debt and equity. It has the support of leading International Banks for this purchase. The news sent shares of tmobile soaring and sprint plunging. Sprint have been pursuing a tmobile. F i spoke with the outspoken Ceo John Legere about sprints deal, listenore the iliad bid, closely to some clues he gives about tmobiles future. In q1 we announced contract earlym, the launch of termination fees and that caused an aggressive spike. Among other things we did today, we raised our guidance for subscribers for the year now saying we will be between 3 million and three point 5 million, evidence we fill our momentum will continue drug the throughout year the rest of the year. You are enabling more customers do have contracts, does that mean they are are buying less expensive phones . And are you selling more low animated low and middle tier phones . Carrierncarrier movement