It’s Friday, July 5th. I'm Kyle Sauerhoefer, and here's your local news from the Austin American-Statesman. Our top story is: Samsung Electronics Co.'s quarterly profit fell by more than half, after a global industry downturn and trade tensions hammered demand for its chips and high-end smartphones. Korea's largest company reported a less-than-expected 56% fall in operating income to about $5.6 billion in the June quarter.