First, to our lead. The continued fallout over the microchip security flaw affecting nearly all of the worlds devices. This week, microsoft said fixes for the vulnerabilities may significantly slow down servers and personal computers. In a blog post on tuesday, the company suggested they could be more substantial than intel previously indicated. Microsoft is also temporarily suspending some updates to windows operating systems that use chips that are freezing or not putting up from amd as a result of the fix. Monday night at ces, the intel ceo tried to reassure people that their data would be safe. The security is job number one for intel and the industry. So the primary focus of our decisions and discussions have been to keep our customers data safe. As of now, we have not received any information that these exploits have been used to obtain customer data. Emily we broke it down with ian king, who covers the chip industry. Ian to start off with, intel was very much, we are all in this
Territorial waters. New connections. A growing number of Japanese Companies are tapping into a talented pool of homemakers to get the job done. And counting down to rio, the organizers of this summers olympics have unveiled the medals that will be up for grabs. The embattled governor of tokyo is set to leave his post next week. He submitted his Resignation Letter wednesday morning. The news comes after weeks of allegations that Yoichi Masuzoe misused political funds for private purposes. Masuzoe is expected to speak to the metropolitan assembly to explain his decision. Most of the assemblys factions including the ruling parties had been planning to submit a no confidence motion against him. Earlier in the week he was in the hot seat when he faced questioning from the legislators about the scandal. They wanted details about the allegations, but in many cases masuzoe refused to elaborate. Metropolitan Officials Say masuzoe will get a retirement package of over 200,000. Yoichi masuzoe bec
Inventories are today. 11 00 a. M. This morning. Hillary Clinton Holding a News Conference in the next few moments. We will take that live. When it begins. Road map with apple unveiling the iphone 7, will the new features boost the companys product cycle. Getting a downgrade from wells this morning. Hp enterprise shares falling despite what was an earnings beat, servers numbers perhaps a concern. Ceo meg whitman right next to us here at post nine. And b of a Ceo Brian Moynihan said more cost cutting is coming. First up apple hoping the newly launched iphone 7 and 7 plus will revive slowing sales. The features include longer battery life, higher resolution cameras, Water Resistance and, of course, the lack of that headphone jack. Meantime wells downgrading it to market perform expects shares to be range bound since positives surrounding apple largely unknown. The journal today, though, says enough new fiereatures people w be tempted to upgrade rather than next year. Age is ignorance. I
Energy came out with its inventory report supporting what we heard from the api last night. If not even a little bit more drastic. A draw down in cruel Oil Inventories 14. 5 million barrels. The api number of 12. 1 was the highest draw down in more than 30 years. This is very significant. Theres some speculation in the marketplace that hermine caused supply reductions and this could be a one off this week but theres another side to this story that could be that were starting to work through some of the inventoriful some of that that everybody has been worried about so a clear reason to see the prices move higher. Closer to 47 barrel. Back to you. Thank you. Good thursday morning. Kayla already made her way back but well start with politics this morning. Hillary Clinton Holding a News Conference after both candidates spoke on nbc. John is live with the latest. Hey, carl. We had both candidates last night at the nbc msnbc commander in chief forum to talk about issues. Hillary clinton had
Authenticity. It is back on display at the september 11 memorial museum. Global news 24 hours a day powered by our 2600 journalists in more than 120 countries. I am mark crumpton. This is bloomberg. Bloomberg west is next. Emily i am emily chang. This is bloomberg west. Wall street has apple shares sliding. What do investors want . Could google and apple give traditional carmakers a run for their money . We will check out a new report. On card technology. The playstation 4 lands in november. We will hear from the sony chairman on what to expect from the latest hardware. Investors and analysts taking stock of the iphone seven a day after announcing the coming upgrades. Appleshare sliding in thursday trait, down 2 in the close. Is not available. Situations, in a Statement Today apple announced it is changing that practice saying we are now at a point where we know before taking the first customer order that we will sellout of iphone sevens. These initial sales are governed by supply and