and she is one of the authors of a new book, called huawei goes global: made in china for the world. welcome to you both and to my audience members and a solitary round of applause from me. and remember, you canjoin the conversation as well, it is #bbcglobalquestions. let's go to our first question. it is from an engineering student from zambia, who is currently studying in china. your question, please. my question is, is the quality of technology in america faster than a match made in china? which technology superpowers produce better quality that is more effective? right, shirley yu, who has got the better quality? thank you for the question, thank you, zeinab badawi, for having me. in technology, i think speed and scale matters, but more importantly competition matters. china has become better in quality, primarily because of competition. two of the leading sectors that are characterised china of the leading sectors that are so made in china 2025 currently are ev productions and smartphone manufacturing. so if you look at it, it is 51% of global smartphones are currently being pro

and she is one of the authors of a new book, called huawei goes global: made in china for the world. welcome to you both and to my audience members and a solitary round of applause from me. and remember, you canjoin the conversation as well, it is #bbcglobalquestions. let's go to our first question. it is from an engineering student from zambia, who is currently studying in china. your question, please. my question is, is the quality of technology in america faster than a match made in china? which technology superpowers produce better quality that is more effective? right, shirley yu, who has got the better quality? thank you for the question, thank you, zeinab badawi, for having me. in technology, i think speed and scale matters, but more importantly competition matters. china has become better in quality, primarily because of competition. two of the leading sectors that are characterised china so made in china 2025 currently are ev productions and smartphone manufacturing. so if you look at it, it is 51% of global smartphones are currently being produced in china, huawei in the mi

so if you look at it, it is 51% of global smartphones are currently being produced in china, huawei in the midst of all the sanctions in 2020, smartphone market share over that of samsung's, to become the number—one global smartphone maker, so how did it happen? and ev is the same thing. 48% of current evs that are on the streets are currently in china. by 2025, 50% of global ev productions are going to come from china and if you look at the us, tesla is amazing, but there are not a lot of new ev players or ev makers in the us, but in china there are hundreds. but if you look at al, that is another major competitive area between china and the united states and very simply china is going to rival up in this global ai superpower race. very simply, if you want to become a superpower in al you need a lot of data and in order to have a lot of data you need a 5g infrastructure. well, anja manuel, shirley yu has certainly laid her cards on the table there, so china wins hands down on quality, she says. thank you for that question. shirley is certainly right that china has made great strides

maria: aware of the immense threat of huawei, the u.s. under president trump banned the company's products, while some european countries continue to work with the company, america intensified pressure by announcing it will share less information with countries that have huawei infrastructure employed. this pressure has had some success. in january of 2020, the european union announced that they will limit their use of huawei products. >> i think they now have become aware of the risk to their own people, not only directly from the technology, but the risk that america won't be able to work as closely with them, something they often count on and depend upon. maria: i have spoken with huawei's chief security officer on multiple occasions, where he has admitted to stealing trade secrets among other bizarre things. look, i understand that you are on this pr trip today, and you have this whole page ad in the journal and i agree that huawei needs to convince the world that we can actually trust the products of the company, but to say there hav

was using and that meant huawei could no longer be a reliable provider to our networks. it was not to be reversed or position of the nature of huawei the factors of it being a chinese company, it was just a it being a chinese company, it wasjust a practical it being a chinese company, it was just a practical change it being a chinese company, it wasjust a practical change in their weight of to be able to provide. wasn't just that america became more and also the 40 america became more and also the a0 party, the americans we re the a0 party, the americans were hawkish towards them towards the beginning. from the beginning. in this prime minister, he was very hawkish position on huawei and that is why i these three factors that we had to bounce off. security, the commitment to roll—out broadband in the geopolitical factor was us and china. in the shift that the government took about huawei poss possibility to provide the network that affected but the security and the geopolitical aspect was the most the geopolitical aspect was the m ost sta ble the geopolitical aspect wa

was using, and that meant huawei could no longer be a reliable provider to our networks. it was not that we reversed or position of the nature of huawei or the fact of it being a chinese company, it was just a practical change in their weight of to be able to provide. is that really what happend? wasn'tjust that america became more and also the a0 party, the americans were hawkish towards them towards the beginning. from the beginning. in this prime minister, he was very hawkish position on huawei and that is why i these three factors that we had to bounce off. —— balance off. security, the commitment to roll—out broadband in the geopolitical factor was us and china. the swing factor in the shift that the government took about huawei poss possibility to provide the network that affected but the security and broadband, the geopolitical aspect was the most stable part of it because the americans are putting this on a lot of pressure throughout this period. and this pandemic has also been a security issue and lots of which around the world and leaders have been challen

for them to ban huawei as well for instance. which is fine but not really creating a global coalition or alliance around a specific set of principles. we want to get this company out. in a way, all of the evidence is we want to knock them out, that company and the biggest chinese tech companies. there seems to be a trade aspect, they are a competitor. it would be in some ways the equivalent of a foreign power saying we really want to take down ibm or general motors. i am not entirely convinced of the efficacy of that approach. peter: you quote a republican from nebraska saying china's main export's espionage. the distinction between the chinese communist party and businesses like wall weight is imaginary. we've only got a few minutes left. i want to ask you about one of your recommendations, the white house coordinator empowered by the president is essential when it comes to cybersecurity. charlie: i would say the decision in 2018 to get rid of the white house cyber coordinator, that was a mistake, i think. a lot of people in th

i want to go back to your point on huawei. you don't see many phones here in north america they are hugely popular in the chinese market you mentioned the export blacklist. that is giving huawei a difficult time in getting android updates and certain google apps. so i just wonder, chinese consumers, if they move away from huawei, which i believe is the number one or number two in terms of market share smashg, ay like to go to an apple and a american smart phone or another chinese manufacturer >> i think, you know, you know the market really well there are so many local competitors here you mentioned one. some of the local brands people outside of china have not heard of but those models are quite attractive and they're a lot cheaper than the iphone so there is definitely exception of the population here that would rather go to some of these local rivals as opposed to the iphone but as we're seeing right now, the iphone does have its place there are several online polls comparing the two, the iphone 12 as well as huawei. people

sanctions hit rival huawei. so let's bring in our bloomberg intelligence senior analyst, and taking a look at the biggest drivers across earnings in that third quarter and the question always being are those drivers the -- potentially sustainable? >> i believe that in terms of shifment and rebound -- of shipment and rebound, that's sustainable. and what happened with huawei, not only that you had problem with the overseas market following last year's -- last year, we are hearing that huawei is having problems with sourcing -- it cannot make its own chips anymore. that may not -- you know, happen yet. because they probably -- with inventory and next year perhaps, the inventory for huawei another two quarters. and samsung, continue to benefit from that. and also fourth quarter, the iphone will be slightly delayed, the new iphone so samsung would continue to be dominant in the 5g market share. but then you are right in pointing out that some drivers, for example, the memory chip profit, may not be sustainable. i me

that goes back to some of the issues raised by banning huawei and then zte. i think cyber professionals will tell you there is plenty of smoke around those companies. there is reason to be suspicious but they will also tell you that strictly going on a policy of banning companies rather than trying to create a system of standards that everybody has to meet is probably less defective. another thing with this, peter, because trade and cybersecurity were so intertwined in the first part of these negotiations i just have to imagine that the chinese government look at it as the cyber aspects are just a piece of this, and maybe if we give the u.s. a little bit more over here they will not care so much about the cyber elements in a in a deal. and i think the trump administration in the weight encouraged that and the chinese were not quite sure where the lines were. you probably do want to leave some uncertainty in the negotiating process to maximize your leverage but i'm not sure this was the most effective way to go at cyber. again, there are plenty of issues betwe

for them to ban huawei as well for instance. which is fine but not really creating a global coalition or alliance around a specific set of principles. out.nt to get this company isa way, all of the evidence we want to knock them out, that company and the biggest chinese tech companies. there seems to be a trade aspect, they are a competitor. it would be in some ways the equivalent of a foreign power saying we really want to take down ibm or general motors. not entirely convinced of the efficacy of that approach. >> you quote a republican from mainska saying china's export's espionage. the distinction between the chinese communist party and businesses like wall weight is imaginary. we've only got a few minutes left. i want to ask you about one of your recommendations, the white house coordinator empowered by the president is essential when it comes to cybersecurity. say the i would decision in 2018 to get rid of the white house cyber coordinator, that was a mistake, i think. businesspeople in the community, the security community

we saw huawei rush a glut of orders for extra inventory. should investors take this is just a one-off? >> the memory chip business probably is a one-off surge. in orders. and i think the market is quite prepared first sequential declines in the coming quarters. so it depends on how well the memory chip maker control the supply in the first half next year, especially in first quarter -- controley manage to the supply at what hope that canry chip prices recover and second half. having said that, i do not think this is the end of earnings price potential. the company coming have a lot of positive drivers driving positive growth, especially the smartphone which already was happening in the third quarter. at the same time, they are gaining on market share in the memory chip business. business, they are gaining orders from cal qualcomm and intel. on top of that in fourth quarter, they will have some pent up orders from iphones, the new iphone much. -- the iphone launch. this company still has a lot of drivers. haslinda: do you have any clever ari

washington has described huawei as the backbone of the communist party's surveillance efforts. china mobile profit rose for the first time this year on 5g subscriber gains and faster construction of new infrastructure. net income at the world's largest while this -- wireless operator increased through september. just short of $4 billion compared with small declines in the first and second quarters. china mobile has opened 350,000 5g stations in this year. a look atet's have asian markets. offjapanese indices coming at the highest of the day, trading positive. it may be half a percent of gains to the nikkei, hang seng, and indeed the china markets below the gain line. a couple of stocks we could be looking at. looking at what's going on in japan as we go to the lunch break. about 5 billion u.s. dollars. brought the stock to pair the gains of the day. up next, we look at cathay pacific and its job losses. so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and relia

i think you will also see some of that divide with respect to who picks huawei and who doesn't. >> the other point is with regard to china and all the data floating through 5g from all of that data, no matter how in oculus may seem to us, like tiktok -- no matter how innocuous it may seem to us, like tiktok him it is all grist to the artificial learning mills that helps to feed the larger strategic plan. this is not just a competing business plan. this is a different strategic plan. that raises the question -- genesy're doing it with as well. they are offering free genetic testing to countries around the world to get gene maps of countries all over the globe. not only does it help pharmaceutical companies and give them an advantage, but it also gives them a tremendous, for morneau fairies purposes, -- for more nefarious purposes, tremendous database that is something we're looking at that is very concerning. >> this raises the larger in ourn, which is, competition with china, are we now in a new cold war? is it a new cold war? is it different from the one with the soviet union? >> i th

i sense a real change in the way in which china's stocking corson huawei has been able to spread its network and its agreements with other countries to build a network which has huge national security concerns for those countries as well as united states. what i'm sensing is in the struggle over 5g maybe we have turned the tide here a bit and we are going to see much more of a consolidation of resistance against china's effort to dominate really the future of the digital age and you hit it on the head. 5g with the internet of things and telecommute asian moving in the 21st century 5g is critical in if the chinese control the 5g networks aroundd the world and the major countries the major democracies they will have access to every bit of personal data every medical record transaction every e-mail and every interaction you have with your home with your dishwasher your refrigerator or your power system or your security system of your home. the amount of personal private data that the chinese will have access to through the back doors of huawei is unlimited. persont china but every world

but the amount the personal privacy the chinese one access through the back door is built into huawei is unlimited and not just every person in china but every person in the world that has a huawei network will backbone. that is something to be concerned about. and to have these warehouses full of files and then to access them to get the information to make a valuable it's hard with quantum computing and machine learning and all of that data becomes accessible to the chinese if they have access. and they put social credit scores every chinese person has the equivalent of a credit score socially if they can buy a plane ticket to travel overseas or go to university we live in a certain area that all depends on high the social credit score and how reliable they are as supporters of the communist party of china. that is internally but they want to do that"t externally. and to also be influential are those around the world. don't be mistaken and if you think it doesn't matter think of the general manager of the houston rockets who made the mistake to criticize the chinese the way they were

refrigerator, security system, the amount of personal private data through the back door is open to huawei is unlimited and they will have that not just every person in china but every person in the world, a huawei backbone in place and that is something to be concerned about. there was a time it wouldn't have mattered, we have these warehouses fool of files, trying to get the information and make it valuable very hard to do. with ai, machine learning, all of that data becomes accessible to the chinese as they get access, every chinese person has a credit score, whether they can buy a plane ticket to train ticket to get a job or travel overseas or live in a certain area all of that depends on how high their social credit scores are, how reliable, that is something they've done internally but they are doing that externally on the washington post profiles influential americans, hundreds of thousands, millions of people around the world compiling profiles and they will have social credit scores for everyone and if you think i'm an american it doesn't matter, think of the general manager of th

i think you will also see some of that divide with respect to who picks huawei and who doesn't. >> the other point is with regard to china and all the data floating through 5g from all of that data, no matter how innocuous it may seem to us, like tiktok him it is all grist to the artificial learning mills that helps to feed the larger strategic plan. this is not just a competing business plan. this is a different strategic plan. that raises the question -- >> they're doing it with genes as well. they are offering free genetic testing to countries around the world to get gene maps of countries all over the globe. not only does it help pharmaceutical companies and give them an advantage, but it also gives them a tremendous, for more nefarious purposes, tremendous database that is something we're looking at that is very concerning. >> this raises the larger question, which is, in our china,tion with china, are weih are we now in a new cold war? is it a new cold war? is it different from the one with the soviet union or similar? >> i think it is different. i don't think it is going to be a

>> i think you will see that grow up in huawei's numbers. they are a private company so who knows with these guys. you can see that their deals are evaporating around the world. 85 5gebruary they had contracts. --in taiwan, you are specifically on chinese digital payments, you look at alipay. what is the administration doing about many of the national security economic concerns pertaining to these companies? >> i cannot speak to those deliberations but it is a cause for concern. >> you were in taiwan attending a funeral. telus what happened and how was that? >> i went over for the funeral of president lee. he is like their george washington. i was the highest-ranking state department official since 1979. when i went over there, the chinese sent 37 fighters and bombers to break taiwanese airspace. such aell you that i had great meeting with president sy and many of the ceos. we had an economic dialogue. they are a great partner, a great friend. thatare a role model for democracy in that part of the world. shery: the under secretary of state k

they have confirmed that there was a big spike up in those orders from huawei. they call it a rush order in the quarter ahead of those sanctions imposed by the added states, some ofing huawei from the most advanced components from american suppliers. samsung getting a big order. but the other interesting thing for those investors in samsung electronics was looking at the three year and faster return they had delayed about one year ago, or earlier this year because of uncertainty and because of the pandemic. investors really wanted to see this 2020-2022 investor return forecast up. the shares are now heading lower in the afternoon session because samsung executives are saying we are not ready to bring that out. it will come out in late january. shares.a dampen on the shares were reacting lower. and are not necessarily pleased. pleased on the one hand. this is a two-sided coin. on the one hand they did very well and the third quarter because of the huawei rush order. but we saw a pickup in smartphone sales at 88 million units sold. that is quite a rebound. we dipp

part of this is the huawei story. with increased scrutiny on the chinese company, ericsson is able to scoop up that market share. specifically, it has grown in both europe and in china. that will offset some of the impact have seen from the pandemic shares crawled up 2% this morning. anna: we spoke to the ceo a little earlier fun. paints continue to do well. they are also seeing a pick up on the industrial side of the business. dani: those were things impacted by the coronavirus. it is interesting he said he didn't think the second wave much,impact them as they are somewhat insulated from that and there is no need for major cutbacks as well. all those things he discussed with you guys, this morning surely will help their stock rise in today's trading session. share buyback a plan to be computed in 2021. with so many companies stalling their buybacks and payouts, that is surely welcome news to the markets. anna, matt. matt: dani burger, thanks very much, talking about the stocks you want to watch. five minutes to go un

samsung has been able to eat into huawei market share and the restrictions are been hitting the giant hard and also may have gotte n the giant hard and also may have gotten a pickup from apple delaying the launch of iphone 12 and buried mine samsung has not had to spend as much on marketing and advertising because people aren't out and about due to the coronavirus lockdowns this year, so they have saved money there. samsung saw its big chip profit, a whopping 82% gain last year, due to also impart because of huawei, they had to have an inventory buildup of chips from huawei ahead of us restrictions on the company and all of that is expected to end as all major phone makers come on board. not just apple, you have many others vying to take over the market share of huawei and samsung is projecting that it chip shipments will drop 5% and wea k chip shipments will drop 5% and weak demand in service, leading to lower prices in that part of business. they've also warned about disruption in the pandemic and us—china trade tensions in the short term. the bosses of twitter, facebook and googl

backtracked on a plan to allow huawei to provide limited role in the 5g infrastructurere. the u.k. has tried to ban them altogether. ireland's top port -- court has ruled that the bread created by subway contains too much sugar to be considered bread.. sub whitehead applied for a tax refund saying that as a staple food, it should not be subject to the tax. the dough has sugar content that is 10% the weight of the flower and faces the same tax of more indulgent products like ice cream and popcorn. i don't know puts quite enough to be classified as a desert. subway insist that the bread is just bread. >> thank you very much. great to see you. catalina is here. how are you? you talk about asylum-seekers. >> this involves a long voyage. there are many locations around the globe. detailed brainstorming sessions on how they intend to crackdown on the migratition crisis. why? downing ststreet said that itits drawing up plans to strengthen its legal migration and asylum policies. you can see migigrants ---- more migrantsts arrrrived lasast monn all of 2019. these e were pubublished b by me

we'll dig into the details and a later just so much our thanks and against chinese telecom giant huawei affecting the company's ability to do business worldwide we're going to bring you expert analysis we have a packed show today right in. and we lead the program with the latest in the ongoing stimulus talks here in the united states after the white house increased its stimulus offer to over $1.00 trillion dollars on friday the package received. heavy criticism from republicans and democrats casting doubt that economic relief would be coming to americans any time soon now the white house offer includes expanded unemployment insurance of $400.00 per week stimulus stimulus checks of 1200 dollars for adults with $1000.00 per child another $20000000000.00 bailout for airlines and another $330000000000.00 in paycheck protection loans as well as $175000000000.00 for testing tracing back scenes and health care related to the covert pandemic and there are several other measures meant to stimulate the economy and there as well but what issues do both sides have with this plan well democrats beli

it stopped working saturday at was taken off huawei's app store. the move came after social media hailed the ability to access sites without a vpn. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm karina mitchell. this is bloomberg. haslinda, back to you. haslinda: let's take a look at the markets. it is risk on here in asia. asian stocks at two-year highs. we see this esi 300 index extending its gain to 2.5%. the hang seng as well. investors mull over the stimulus talks. in the fx market, the dollar getting up. the pboc made it cheaper against the yuan. well.re all weaker as market, oildities under pressure with supply constraints starting to ease. production is resuming. libya coming back into the markets. brent crude down 0.7%. a look at are taking the india market as well. and 2% away in the syntax from the fintech and nifty erasing losses. -- are b.i. -- the are debt purchases. foree numbers due out september and production numbers as well. let's b

huawei and failing its new math 40 series of smart phones and while the chinese company is soaring in sales at home it's a different story abroad a new document released from the trumpet ministration is drawing criticism from china the white house publishing a national strategy for critical and emerging technologies the plan claims to be a path for the u.s. to protect what it calls its technology advantage including artificial intelligence to quantum information from other countries in the document the white house says china is not only dedicating large amounts of resources in its pursuit to become the global leader in science and technology it is also targeting sources every united states and allied strength in 2017 china released a plan amy to be the world leader in ai by 2030 hoping to catch up to the u.s. by this year and now sweden and other u.s. allies are backing away from by walk by products u.s. has alleged the company poses security risks potentially being a tool in which beijing uses for spying but sweden is also home to ericsson one of wall ways largest rivals china's mini

huawei and failing its new math 40 series of smart phones and while the chinese company is soaring in sales at home it's a different story abroad a new document released from the trumpet ministration is drawing criticism from china the white house publishing a national strategy for critical and emerging technologies the plan claims to be a path for the u.s. to protect what it calls its technology advantage including artificial intelligence to quantum information from other countries in the document the white house says china is not only dedicating large amounts of resources in its pursuit to become the global leader in science and technology it is also targeting sources every united states and allied strength in 2017 china released a plan amy to be the world leader in ai by 2030 hoping to catch up to the u.s. by this year and now sweden and other u.s. allies are backing away from by walk by products u.s. has alleged the company poses security risks potentially being a tool in which beijing uses for spying but sweden is also home to ericsson one of wall weighs largest rivals china's mi

it's been clear from sales that they've been selling a lot of advanced chips to huawei and associated companies in the last year. a guess would be they have couple of years of inventory in the background. in addition they've had an opportunity to buy semiconductor equipment in advance of the embargo that was announced a few weeks ago on china. emily: apple unveiled new 5g iphones the same day you had all the u.s. carriers touting the coming of 5g. infrastructure is far more built out than the united states. do you think this could significantly give china an advantage when it comes to 5g and general tech competitiveness? robert: i think china has been more aggressive in building out 5g infrastructure. has been within china proper and not in the u.s. or european countries or other areas. they've been very aggressive in building out internally, they've been less successful externally. i don't think that has created much of the lead, as the u.s. builds out its 5g infrastructure. emily: so what do you think the actual impact of huawei supporting its digital capabilities will be on the uni

they are ready to issue regulations that will exclude huawei. we saw the same with austria, portugal, spain, estonia, albania. now the transatlantic alliance in 5g is secure. 25 of the 30 nato nations. >> why the shift? in recent weeks, there has been a shift with germany. what changed? >> i think it is a combination of three factors. and i spent a lot of time with secretary,the deputy and he said we cannot afford to have a fractured nato. we need the 5g civilian networks in peacetime and wartime. eu cleand is the 5g toolbox. i met with my old friend who is the eu commissioner. a lot of people don't know this but he announced it, that the telcoof directors for the in the eu have to make the decision. if they choose to hire a supplier and something goes wrong, they are personally liable. thathird things is integration with the clean network. they see that momentum around the world. >> you look at some of these chinese telecommunication firms, whether it is huawei or bte, the y are making a lot of money. despite europe moving elsewhere, their prof

maria: in motorola's case data was set to be stolen and transferred directly to the chairman of huawei technologies one of china's alleged biggest offenders of intellectual property theft. the chinese leadership all the while refused to admit to any theft at all. you say there've been no issues with while weight is just 100% inaccurate. i just listed the number of companies that have sued you for stealing trade secrets and the settlements that you've gotten. [crowd boos] maria, i did not disagree with the facts of those cases. maria: okay. ♪ >> china wants to sit at the head of the table and has a plan in the international marketplace. maria: the ministration ban federal agencies from using huawei while issuing a warning to other countries. >> there is a country adopted with political information system so we won't be able to share information with them. >> it's an arm of the chinese, and his party and massively subsidized so it can undercut western companies and competitors but that is on its way to insinuate itself into the united states and ultimately the entire western telecommut

and by that, i mean you've got pressure on xilinx because huawei is at risk because of u.s. restrictions on that company. and, you know, xilinx is trading in a range for the past 12 months where a lot of other companies that aren't under that same kind of pressure are not. how much is china a factor here? what does this mean for other names like micron in a similar situation? >> yeah, you bet china is an issue for xilinx and huawei is a customer of many xilinx was a bigger customer and that's why they've done relatively in recent quarters. some of that's already come out. i think at this point huawei, you know, you said tens of millions, it's probably mid single digits. its not trivial but not critical at this point. obviously, there are worries about the broader escalation that is not necessarily xilinx i like a matter of getting this closed though, china is going to be the wild card they're going to presumably need china principle of law there is not a lot of fundamental antitrust here if i didn't worry about china, i think this gets done but that will be an issue. this de

the security threat of the chinese scientific progress, artificial intelligence and technology and huawei presents to the western world and this is something obama wasn't secure in saying and trump over spacing as he does forever but the fact is he has gotten britain to pull out of huawei, sweden and germany. he has woken up europe which now says in the policy papers sees china as a systemicrival . which is stronger language than before. the german vdi, the sort of business groups in germany have a stronger voice in warning against china trade. america's had to listen so i think on china, also there's been a kind of wake-up call that trump has trumpeted maybe much toostrongly . and frankly pompeo's offer to the foreign policy chief of the eco-us dialogue on china i think is a very good thing area i think it might work better under a biden administration but in principle, it's the way one should respond. so i think you know, that is the thing and also it's failed god knows but if you look at what's going on for a long time i think obama left us also worried about north korea. whatever happ

sweden, its home market is even banning huawei. let's take a little look at where european markets are wrapping up. the pound is a bit of the story -- on our side of the atlantic, seeing some performance coming through from the ftse 100. 57.22 is that number. we will talk about the close in detail in just a moment. ♪ [ sigh ] not gonna happen. that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little a

government bans huawei from dealing with u.s. firms due to security concerns go forth and of a good many sanctions against chinese firms may cause a lot of problems for china but sometimes this can be an inspiration the pressure can help china's technology firms grow bigger and stronger but it. caught up to get it to the healthy if it is facing the future with confidence in contrast to the us china has successfully imposed strict measures against the coronavirus pandemic that. the city is able to breathe again after the pandemic life and the economy on the right path yeah i also moderate i'm a blogger look at the us and the others because their governments didn't take action the pandemic situation there is still serious they're going to be easy don't you don't trust your book could help us elections won't mean any major changes for china trump wins the pressure on china will increase but biden will also go against china house a little bit you'll be free to look at in beijing the foreign policy expert at this chinese think tank co

government bans huawei from dealing with u.s. firms due to security concerns. force another to. many sanctions against chinese firms may cause a lot of problems for china but sometimes this can be an inspiration the pressure can help china's technology firms grow bigger and stronger but if you're a hockey little about to get it you would be healthier for the facing the future with confidence in contrast to the u.s. china has successfully imposed strict measures against the coronavirus pandemic that. the city is able to breathe again after the pandemic life and the economy on the right path yeah yeah i also did i mean it was a look at the u.s. and the others because their governments didn't take action the pandemic situation there is still serious it is going to be easy but you don't know if your book could have u.s. elections won't mean any major changes for china trump wins that pressure. and china will increase but biden will also go against china parkhouse a little bit you'll be fit to put them in beijing the foreign policy expert at this chinese think tank completely agrees

but the fact is he has gotten britain to pull out of huawei, and sweden and germany. he has woken up europe, which now says in a policy paper it sees china as a systemic rival. which is stronger language than before. the german vdi, the sort of business groups in germany, have a stronger voice in warning against china trade. has had to -- merkel listen. so i think on china, also there's been a kind of wake-up call that trump has trumpeted maybe much too strongly. and frankly, pompeo's offer to the foreign policy of the eco-u.s. dialogue on china, i think is a very good thing. i think it might work better under a biden administration. but in principle, it's the way one should respond. so i think you know, that is the something. and also it's failed, god knows, but if you look at what's going on for a long time -- obama left office worried about north korea. whatever happened there, guess -- yes, they are still building up stuff, but there has not been the war that obama was really worried about. iran i think is a big problem. there are lots of things he hasn't done wel

and the security threat chinese scientific progress and artificial intelligence and technology and huawei presents to the western world, and this is something obama wasn't really very interested in, i have to say. and trump overstates things, as he does forever, but the fact is, he has gotten britain to pull out of huawei and germany and he has woken up europe, which now says in a policy paper it sees china as a systemic rival, which is stronger language than before. the german bbi and the sort of, you know, business groups in germany have a stronger voice in warning against china trade. they had to listen. so, i think on china, also, there's been a kind of wake-up call that trump has trumpeted maybe much too strongly and frankly pompeo's offer borel, the foreign policy chief of an eu-u.s. dialog on china i think is a very good thing. i think it might work better under a biden administration, but in principle it's the way one should respond. so i think that is something and then, also, it failed, god knows, if you look obama left us worried to hell about north korea. whatever's happened t

-china tensions are being played out in the tech sector with the likes of huawei? think the long-term picture will change so much in terms of the restrictions the certainl impose on chinese entities. you may see a targeted approach, return to tariffs under biden. that may help slightly in terms ispredictability, but there an element of the trade that will continue. we think what the market has been doing is favoring domestic-centric players, and probably the consumer sector, rather than the industrial are high-value-added sectors, so it will be possible for stocks like tencent. we do have estimated clear value for that company on the high-end expectations at $316 billion. those of the types of names were looking to favor, and the consumer centric names as well. >> great to have you on. thought -- stock. 3%, after they announced they will be halting a majority of flights linking internationally from multiple airports in japan, according to domestic media, the airline consolidating the routes. ana now falling more than 3%. group hasd, ant cleared another hurdle, winn

huawei affecting the company's ability to do business worldwide we're going to break it down when we come back and as we go to break here the numbers that. seem wrong. to me. just to shape out these days that's ahead and in detroit equals betrayal. when so many find themselves worlds apart and we choose to look for common ground. is your media a reflection of reality. in a world transformed. what will make you feel safe. isolation community. are you going the right way or are you being led. direct. what is truth what is faith. in the world corrupted you need to descend. to join us in the depths. or remain in the shallows. camp capitalism without capital and you can't have it all without giving people an interest rate to incentivize them to save. and the reason to do that is that if there is a downturn like the cold then there's plenty of stock there's plenty of capital in your capital system to smooth it out but if you did face the current and new interest rates at 0 and there's no incentive to say therefore there's no cap on all then you don't have to apples and if you have a comp t

that there are sanctions in place but because of the fact that people are losing confidence in the huawei brand over the weekend china adds export restrictions to its set of laws the legislation is set to go in effect december 1st aims to protect national security the lot may impact foreign companies doing research in mainland china this includes alphabet which has a google research lab in beijing on the heels of releasing this new. from thursday some analysts say this might be the last phone for a while wait despite sales growing 50 percent in china u.s. sanctions that took effect last month while way off from processors these suppliers rely on u.s. technology for their operations reporting for boom bust natasha's suites are to. take a deeper look at this let's bring in cyber security expert and chief security advisor for sentinel one morgan right maureen good to see you my friend washington continues to keep its pressure up against the telecom giant wall way this time it's offering money to brazil to block away financing up to 1000000000 dollars what do you make of this i say it's about

prime now for a quick break but hang here because when we return new accusations against huawei have some british lawmakers are going to see a ban on the company the appointment of break down the allegations and tell you which competitor may have the most to gain as we go to break here the numbers after the fire. was. i make no certain you know blood is just blood into nationalities. you. know so much the we don't actually know the whole world to. judge a. comedy crisis was listening to my times we can do better we should. everyone is contributing each or own way but we also know that this crisis will not go on forever the challenges created with the response has been so many good people are helping us. it makes us feel very proud that we're in it together. there's a threshold at which. big tobacco realised what they were doing and that they continue to do it they continued to put more and more things into cigarettes that made them more addictive and made me want to smoke more of them in the point i'm trying to make is that social media in particular these artificially intelligent al

the wto and the security threat of the chinese scientific progress with artificial intelligence and huawei and the water persons to the western world. this is something obama wasn't interested in i would say and trump overstates but the fact is he has gotten threatened to pull out of huawei and germany he has broken up europe which now views china as a systemic rival which is stronger language than before. the german business groups in germany have a stronger voice and a warning against china trade so i think on china also there has been a kind of wake-up call that trump has trumpeted maybe much too strongly and frankly offered to borrow the foreign-policy chief of the eu u.s. dialogue on china and he did a very good thing. i think it might work better under a biden administration but in principle it's the way one should respond. i think that is something and also if you look at what's gone on for a long time obama worried north korea and whatever is happened there they are still building up stuff but there hasn't been the war that obama was really worried about. iran i think it's a big pr

year conference, much of what they heard is that there are dangers and letting while weight build -- huawei build 5g. by perhaps 10 or 12 leading democracies, to pull better alternatives for 5g. shery: there have been more more advocates as we get this consensus of pushing back against china. advocates for decoupling with china. what would be the broader, long-term implications for that for the united states? hal: i do not think that there would be a complete decoupling. i do think that there needs to areas,upling and some where it dependence on an authoritarian rival is dangerous. there is a report that the department of defense put out, that many americans have source components made in china. i do think that decoupling will happen quicker than we might expect because the political climate will increasingly at risk for firms that are doing business in china and might risk becoming the victim of a further downturn in relations. , professor ofds johns hopkins. rounds, morest than just progress for getting people back to work. this is bloomberg. ♪ australiarve bank of chief says that he wa

it affects companies like huawei and tencent. it comes down to how these laws are implemented and how forcefully. implications for how china responds going forward. >> they're expecting to show a strong rebound. of china tookbank a meeting to show how we have defeated the virus, our economy is on track and we will lead the global recovery. it seems there is a big focus on the economy part but also a .olitical economy focus as well you getolutely and if the virus under control, you can have this v-shaped recovery that many were talking about back in march, and now almost impossible for european nations and the united states. it is a divergent recovery. we can talk about the fact that retail sales and its industrial production infrastructure spending on real estate has really driven the recovery. also exports. china has carved out a greater market share. remarkable considering the changes in the economy leading up to 2020. there has been a demand for work from home products, from its major trading partners in europe and medical equ

60 percent from a year earlier that according to the korean electronics maker the chip orders from huawei propped up sales of the chinese smartphone makers efforts to build stockpiles ahead of u.s. sanctions in mid september. and to indonesia now were demonstrations against the controversial new labor law have turned violent with protesters clashing against police but the new legislation cuts corporate tax rates and slashes regulations and it was rushed through parliament on monday critics fear the new law favors investor it's at the expense of workers. long live labor the cry indonesia is in the grip of protest for days angry workers have been dining there too and chalking up streets across the country this man's pluck says he's missing his waiting to be there. they're furious about a new law that they see strips away their rights and the environment at risk. we will continue making demands because it determines our lives if needed we will go to the city hall again to morrow. president says the sweeping reforms are necessary to create jobs lure investment and revive the economy after a r

ase of that demand coming huawei builds up a lot of its inventory, bought a lot of chips from samsung as -- ahead of the u.s. sanctions. of course, that was the big topline headline from those pulmonary numbers. what we are waiting for our the divisional breakouts coming in this report as well as investors really wanting to know if we are going to get some sort of three-year shareholder return plan for 2022. of thes delayed because pandemic and the uncertainty and cash flow issues so investors eagerly awaiting that promised three-year shareholder return plan. also, we want to get a little more insight into inventories on those chips and handsets as well. we want to know how many did samsung ship? samsung did lose his position as the world's number one smartphone maker to huawei but with all the troubles in huawei, we are likely to see samsung again took the crown in this recently completed third quarter. bloomberg intelligence is saying, sherri coale, if unit sales surpassed 64 million units in the third quarter, that's a sign the smartphone industry is rebounding because of course, t