Mar 1, 2017

Hot in Silicon Valley: Salesforce and the new Galaxy 8 phone

Salesforce's outlook falls: On Tuesday, the company reported its fourth quarter earnings, and although it beat analyst estimates, it also issued a lower guidance for the following quarter than expected. Salesforce executives told analysts that because the fourth quarter of the year is usually the company's strongest, it can't expect the same results in the next. Nevertheless, it also increased its guidance for the full 2017.

Early look at the Samsung Galaxy 8: The Korean tech giant is expected to unveil its latest smartphone in a month, but a photo of it has already leaked. The phone doesn't appear to have physical buttons and is an update on the old Galaxy. With that said, no word yet on the phone's software.

Why it matters: It's been a tough year for Samsung. The company's heir apparent was just indicted on bribery charges, it had to recall its Galaxy Note 7 phone because of faulty batteries, and this year it's decided against unveiling its Galaxy phone at the Mobile World Congress conference in Barcelona.

The story has been updated to clarify that Salesforce's Q1 guidance was lower than analyst expected, not than a previously announced outlook.

Go deeper

In photos: India welcomes president with massive "Namaste Trump" rally

First Lady Melania Trump, President Trump and India's Prime Minister Narendra Modi attend the "Namaste Trump" rally at Sardar Patel Stadium in Motera, on the outskirts of Ahmedabad, on Monday. Photo: Mandel Ngan/AFP via Getty Images

President Trump told a massive crowd at a rally in Ahmedabad, northwest India, Monday he hopes to reach a trade deal with his ""true friend" Prime Minister Narendra Modi during his two-day visit to the country "except he's a very tough negotiator."

Why it matters: The countries are forging deeper ties, particularly in the military dimension, as India’s location, size and economic growth making it the "obvious counterweight to China" for American policymakers, per Axios' Dave Lawler and Zachary Basu. Prime Minister Narendra Modi demonstrated the importance of the visit with a "Namaste Trump Rally" at a packed 110,000-capacity Sardar Patel Stadium in Ahmedabad — the world's largest cricket venue.

Go deeperArrowUpdated 27 mins ago - World

Coronavirus spreads to more countries as cases in South Korea surge

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

Afghanistan, Kuwait and Bahrain each reported their first cases of the novel coronavirus, Al Jazeera first reported, as infections in South Korea, Italy and mainland China continued to increase on Monday.

The big picture: As South Korea and Italy stepped up emergency measures in efforts to thwart the spread of the virus, World Health Organization officials expressed concern about infections with no clear link to China. COVID-19 has killed at least 2,619 people and infected almost 80,000 others, with all but 27 deaths occurring in mainland China.

Go deeperArrowUpdated 39 mins ago - Health

Sanders reveals free childcare plan for preschoolers

Democratic presidential candidate Sen. Bernie Sanders speaks during a campaign rally on Saturday in El Paso, Texas. Photo: Cengiz Yar/Getty Images

Democratic presidential candidate Sen. Bernie Sanders announced on CBS' "60 Minutes" Sunday a new plan to guarantee free child care and pre-kindergarten to all American children from infancy to age four.

Details: In the wide-ranging interview, Sanders told Anderson Cooper he planned to pay for universal childcare with a wealth tax. "It's taxes on billionaires," he said.

Go deeperArrowUpdated 6 hours ago - Politics & Policy