Selling but the glut looms over the market. The politics of the pandemic. The u. S. And china continue to trade barbs over their handling of the crisis. Washington says the world has been let down. Breaking news out of south korea. We are getting First Quarter gdp numbers quarter on quarter, seeing the biggest drop since 2008. Young talking about a contraction of 1. 4 . It is still a little bit better than expected. The expectation was a contraction of 1. 5 but it will still be the First Quarter on quarter retraction since 2009. The year on year number rising 1. 3 , is also bigger increase and was expected. It was expected it would only gain 1 . It is also growing this rise of 1. 3 year on year coming after growing more than 2 in the past two quarters, so it is still a slowdown from the previous quarter. We are seeing manufacturing taking a big hit, a contraction of 1. 8 for the Fourth Quarter and also contraction from the previous quarter. We are seeing the hit on retail trade, accomm
Whats in store. For the future of the little. Cult like a major super bowl to incite. Enter. The Consumer Tech industry biggest annual showcase opened at stores in las vegas ushering in the future of gadgetry we go live to the c. B. S. Electronics fair. Also coming up goan is still gone. A c. E. O. Flies Japanese Justice for lebanon and now his wife is also wanted by jeff. Also on the show shipping companies have to use cleaner fuel but its not cheap. This is the w. Business imes and. We begin in las vegas where 4 and a half 1000 exhibitors are showing off their latest innovations at the c. S. Electronics fair some are a bit out there like this so called. Its designed to recognize its owners face and all in love with them now speaking of faces of the skin care obsessed might want to know how a High Definition camera and jet printer tech can help sort out is the consumer of the future can also look forward to bend screens quirky hospitality assistance and more and theyre all at c. S. No
Beardsley in berlin its good to have you with us investors around the world are holding their breath as tensions but mounts between america and iran with iran promising a major retaliation for the killing of its military commander Qassam Soleimani american businesses could be a target as iran has proved to have formidable cyber attack capabilities. From 2011 to 2013 from 2011 to 2013 the the iranian hackers target j. P. Morgan chase bank of america and wells fargo with large denial of Service Attacks make it difficult for customers to log into their accounts and access their money iran attacked the Saudi Aramco Oil company in 2017 with the shamoun virus which was so devastating that the network had to be rebuilt almost completely from scratch. And in november 29000 microsoft experts suspected that iranian hackers were going after a disturbing new physical target employs that major manufacturers in operators of Industrial Control Systems used by power grids manufacturing and Oil Refiner
D. W. Business im joined. We begin in las vegas where 4 and a half 1000 exhibitors are showing off their latest innovations at the c. S. Electronics fair some are a bit out there like the socalled. Its designed to recognize its owners face and all in love with it now speaking of faces of the skin care obsessed might want to know how High Definition camera and jet printer tech can help sort out blemishes the consumer of the future can also look forward to bend screens quirky hospitality assistance and more and theyre all at c. S. Now also at c. S. Is our correspondent all over solid high all over now that anything stand out to you particularly. Well the event in and of itself is quite an impressive one is sheer so. Just last year alone 175000 visitors came during the run of the whole week here and you know this year is also like a little bit of a look into the future in Certain Industries and whats particularly interesting this year is to look at the car industry which is facing enormou
Key read on manufacturing in the next hour. Plus, streaming wars, apple launching its tv plus platform today. It is the latest volley in the original content battle between media and tech giants. And pinterest plummeting, losing a third of its value since peaking in august. And the Growth Strategy for starbucks, Kevin Johnson will join us first on cnbc this hour. Lets get to the jobs number, october payrolls well above expectations at 128k despite the gm strike. Unemployment goes down goes up to 3. 6. Wage growth 3 from a year ago jim, hard to find things to quibble about this month im going to come back and say youre going to have a the beginning of cracks in manufacturing. There is still two economies the twothirds of the economy that is consumer is doing very well the other third is not doing well and we can i dont know how long we can go with only twothirds i think pretty long. But when you if if they shut down boeing 737 max, youll see very different numbers i just think these num