this is subject to approval from the us committee on foreign investments many it is not a done dealjusthere have been other high profile foreign acquisitions shut down under the trump administration, one should not consider this purchase safe especially considering it involves networking equipment. the us government blocked money gram sales to china's ant financial, owned by alibaba. several weeks ago, singapore —based broadcomm making a hefty offer of four qualcomm and that was rejected as well. but foxconn has pledged to build a $10 million factory in was conscience —— wisconsin which could help it with the administration. we'll have to wait and see whether this deal will materialise for foxconn. we will watch this space. now let's brief you some other business stories. the us federal trade commission has confirmed that it's investigating facebook. it follows the revelations that cambridge analytica had gathered data on 50 million users. the ftc probe follow revelations facebook could face huge fines but said it welcomed the opportunity to answer the regulator's questions. amazon is t

it appears the committee on foreign investment in the us didn't take to that too kindly and has suggestedtrump scupper the deal entirely. it seems like they want to scupper it, a rearranged deal would not be acceptable. this may be the end of it but we will see. watch this space on what will happen next to qualcomm. timothy mcdonald. one of europe's biggest financial institutions has criticised the trump administration for its tariffs on steel and aluminium imports. the head of the european investment bank said the move would trigger a trade war with far—reaching consequences. we are observing this not only with the threat of a trade war but a demonstrative department —— departure from multilateral as is a threat to the economic world order and if that is at stake, it's not actually something that promotes cooperation and peace and prosperity around the world. david solomon has emerged as a favourite to become the new boss of godlman sacks. and we have this exclusive story. a leaked d raft have this exclusive story. a leaked draft of a united nations report. two singaporean companies have

the committee on foreign investments in the united states has moved to hold off a hostile takeover bid for u.s. chip maker qualcomm by singapore based broadcom the u.s. treasury department which chairs the committee invoked national security concerns and told qualcomm in a letter to delay a shareholder meeting to consider the one hundred seventeen billion dollar bid that had been set for today until the committee can fully review the bid the committee sees qualcomm's five g. wireless technology as sensitive to national security and is increasingly concerned about keeping such as bent technologies out of the hands of chinese firms the decision to review the deal was in response to a petition from qualcomm to the committee after broadcom as hostile bid escalated to nominating six candidates for qualcomm's eleven board member the review means the deal is unlikely to proceed. the federal trade commission is challenging j.m. smucker company proposed their acquisition of west and cooking oil brand from food and egg giant con agra brands smucker already owns christgau brand the f.t.c. and the

he had done this before the treasury came out with their report the treasury has the committee on foreign investment in the united states our city it's an interagency panel led by the treasury department bringing me back to what the initial point offerings and now that fin san is also weighing in on this matters so there's a government agency called syphilis. syfy s o r i mean i'm pronouncing it that way they might have their own way of pronouncing well that's up to subtle isn't so one of the reasons why if yes as i. c f i u.s. was perhaps move so fast they say is that broadcom was going to relocate to the us in order to circumvent in order to perhaps you know get around any national security issue so they're going to pretend they were american but so basically what the president the administration are saying is that they were worried that the china's huawei for example who is their biggest competitor the next biggest producer of microchips the ones that are uses your phone so that and it will be used in the future basically electric cars to communicate with the grid and so they want to make sure th

executive branch authority over these matters well beyond that of the interdepartmental committee on foreign investment in the united states or c.c.'s regular boom bust viewers will recall that c.p.s. recently blocked the proposed merger of us by g. developer qualcomm by broadcom of singapore also as a note broadcom is now reportedly considering look relocating its domicile to the united states will stay on all these stories. takeovers mergers and acquisitions have increased by sixty seven percent from a year ago according to the financial times in the first quarter of the year mergers and acquisition m. and a activity has boomed to a record breaking one point two trillion dollars the activity which is a full third of more than the previous i reach back in two thousand and seven before the financial crisis has been fuel injected by a good global economy lower interest rates and in the us tax cuts proved late last year among the key mergers being discussed currently our us oil and gas producer concho which is buying r s p permian for nine point five billion dollars and the largest exchange in the world

the committee on foreign investments in the united states has moved to hold off a hostile takeover bid for u.s. chip maker qualcomm by singapore based broadcom the u.s. treasury department which chairs the committee invoked national security concerns and told hall com in a letter to delay a shareholder meeting to consider the one hundred seventeen billion dollar bid that had been set for today until the committee can fully review the bid the committee sees qualcomm's five g. wireless technology as sensitive to national security and is increasingly concerned . keeping such advanced technologies out of the hands of chinese firms the decision to review the deal was in response to a petition from qualcomm to the committee after broadcom as hostile bid escalated to nominating six candidates for qualcomm's eleven board member the review means the deal is unlikely to proceed. the federal trade commission is challenging j.m. smucker company proposed their acquisition of west and cooking oil brand from food and egg giant con agra brands smucker already owns christgau brand the f.t.c. and the f.

. >> qualcomm delaying a key shareholder vote after the committee on foreign investment in the u.s. stigating broadcom's proposed takeover. broadcom says it is on course to win all six seats it is seeking a broadcom's board. there has been a flurry of news on this huge deal, of course, a 100 $17 billion deal. is it moving a head -- a $117 billion deal. is it moving ahead or is it at a standstill? >> if you are betting it would happen, you have some really good news and some really bad news. the bad news was that it looks like the u.s. government is going to take a look at this, that they don't like the idea of broadcom taking over qualcomm. on the positive side, the initial returns that we were able to retain indicates that broadcom were going to win shareholder approval for the takeover of qualcomm's board. this french insurer seeks to leap ahead of rivals in the united states. >> it has been two years since thomas took over as ceo and he seems to be bringing us back to a time back in the 1990's when they were doing these really big takeover deals. since then, they've not really don

qualcomm by asian rival broadcom over national security concerns the decision by safest the committee on foreign investment in the united states determined that the singapore based broadcom could benefit chinese competitors in the effort to lead the way in next generation mobile technology it could also a limited a key supplier of telecom technology to u.s. defense agencies. and apple incorporated officials have said that they will acquire next issue media l.l.c. and its digital magazine subscription service texture and offer digital magazines and other services including a ten dollar per month digital subscription to magazines like time sports illustrated. vanity fair good housekeeping and national geographic the apple purchased reflects the changing landscape of how consumers gather content transforming paper magazines into digital and online last year alphabets google and facebook both accounted for over sixty three percent of u.s. digital spending the purchase of next issue media is an effort to add to apple services which already include streaming and mobile payments apple currently takes a fifteen pe

he had done this before the treasury came out with their report the treasury has the committee on foreign investment in the united states our city has an interagency panel led by the treasury department bringing me back to what the initial point offerings and now that fin san is also weighing in on on these tokens and basically what they're saying about these token offer all these i.c.a.o. is on this what like a thousand of them that they are money transmitters so there's a government agency called syphilis. oh i mean i'm pronouncing it that way they might have their own way of pronouncing well that's not too subtle isn't so one of the reasons why it's a furious as i call c f i us was perhaps moved so fast they say is that broadcom was going to relocate to the us in order to circumvent in order to perhaps you know get around any national security issue so they're going to pretend they were american but so basically what the president and the administration are saying is that they were worried that the china's huawei for example who is their biggest competitor the next biggest producer of microchips

network in the united states earlier this week we reported that the committee on foreign investments in the united states has asked broadcom to put off the meeting to consider takeover bid citing national security concerns and on the labor front teachers in west virginia claimed a rare victory for labor after a nine day strike state legislators met striker's demand for a five percent pay raise and critically putting the whole putting a hold on surance costs that were set to increase however teachers now face a fight over how to finance the pay raise and reform the public employees insurance agencies some state legislators that threaten to take the raise out of medicaid spending or community college tuition subsidies rather than raising west virginia's severance tax on natural gas. and now take it on the topic of the f.c.c. take a more hands on approach to regulation crypto currencies and poly con eighteen we're joined by c.e.o. of crowd fund axe derren marble who's joining us from los angeles derren welcome so polymath network sponsored an incredible conference called poly con in nass

future, and in a report, an interim report, not an president trump‘s order but done by the committee on foreign investmentd that anything restraining oualcomm might create space for china to get a stronger position in the development ofa stronger position in the development of a wireless technology that will be very important for national security in the future. some important to have us control on the development of the technology. interesting, and you very much indeed, andrew walker. there is a lot more detail on our website so do ta ke lot more detail on our website so do take a look as and when you have a moment. let‘s take a look at some of the other stories making the news. apple is buying the magazine app subscription service texture for an undisclosed amount. texture offers us—based users unlimited access to more than 200 titles for a monthly fee of $9.99. it is currently owned by next issue media, which is backed by magazine publishers including conde nast, hearst and time. germany‘s eon says it will cut up to 5,000 jobs as part of a deal to take over innogy — a move that will shake up germany‘s

by asian rival broadcom over national security concerns the decision by syphilis the committee on foreign investment in the united states determined that the singapore based broadcom could benefit chinese competitors in the effort to lead the way in next generation mobile technology it could also a limited a key supplier of telecom technology to u.s. defense agencies. and apple incorporated officials have said that they will acquire next issue media l.l.c. and its digital magazine subscription service texture and offer digital magazines and other services including a ten dollar per month digital subscription to magazines like time sports illustrated vanity fair good housekeeping and national geographic the apple purchased reflects the changing landscape of how consumers gather content transforming paper magazines into digital and online last year alphabets google and facebook both accounted for over sixty three percent of u.s. digital spending the purchase of next issue. media is an effort to add to apple services which already include streaming and mobile payments apple currently takes a fifteen pe

security aside, timing raised eyebrows because it was being reviewed by the powerful committee on foreign investment states, which under the trump administration has killed at least nine take over else of u.s. companies by foreign firms. here to get us through the legal is matt with me here larson who covers tech litigation for bloomberg intelligence. tony, i want to start with you. ian king noted earlier this is a company based in united states -- are doing it is a foreign company. maybe a little bit murky, we know this is an unusual announcement for the president. what you make of it? tony: i think it is extraordinary because normally when you have issues come up, the party acquiring control is domicile or located in the country that is at issue from a national security perspective. ande's concerns of china the proposed buyer of qualcomm. talk about the extent of qualcomm's business in china. 49% of business comes from china. emily: so does apple. race it feeds to this 5g and was going to be the first to develop the technology and where it is going to reside in terms of ownership. this is almost a

the committee on foreign investments in the united states has moved to hold off a hostile takeover bid for u.s. chip maker qualcomm by singapore based broadcom the u.s. treasury department which chairs the committee invoked national security concerns and told qualcomm in a letter to delay a shareholder meeting to can. siddur the one hundred seventeen billion dollar bid that had been set for today until the committee can fully review the bid the committee sees qualcomm's five g. wireless technology as sensitive to national security and is increasingly concerned about keeping such advanced technologies out of the hands of chinese firms the decision to review the deal was in response to a petition from qualcomm to the committee after broadcom as hostile bid escalated to nominating six candidates for qualcomm's eleven board member the review means the deal is unlikely to proceed. the federal trade commission is challenging j.m. smucker company a proposed their acquisition of west and cooking oil brand from food and egg giant con agra brands smucker already owns christgau brand the f.t.c. a

he had done this before the treasury came out with their report the treasury has the committee on foreign investment in the united states our city it's an interagency panel led by the treasury department bringing me back. to what the initial point offerings and now that fin san is also weighing in on on these tokens and basically what they're saying about these token offers all these i see oh isn't this what like a thousand of them that they are money transmitters so there's a government agency called surplus. syfy s o r i'm pronouncing it that way they might have their own way of pronouncing well that's not too subtle isn't so one of the reasons why so if you as i call c f i us was perhaps move so fast they say is that broadcom was going to relocate to the u.s. in order to circumvent in order to perhaps you know get around any national security issue so they're going to pretend they were american but so basically what the president and the administration are saying is that they were worried that the china's huawei for example who is their biggest competitor the next biggest producer of microchips t

of course you can argue that the president was backing up the treasury department's committee on foreign investmentsn the u.s. the message this administration is sending to all american companies and silicon valley in particular is odd. this may be one of the situations where hard cases make bad law. but all the same, i suspect we have seen the high quart mark for tech take-over and most take companies do a lot of business in china and the trump white house just declared china an official pariah this administration doesn't want china's business or china's money. that is a big deal a big deal people realize. we recently had a heart attack. but we are not victims. we are survivors. we are survivors. we are survivors. and now we take brilinta. for people who've been hospitalized for a heart attack. we take brilinta with a baby aspirin. no more than one hundred milligrams... ...as it affects how well brilinta works. brilinta helps keep platelets from sticking together and forming a clot. in a clinical study brilinta worked better than plavix®. brilinta reduced the chance of another heart attack. or dyin

security aside, the timing raised eyebrows because it was being reviewed by the powerful committee on foreign investmenttates, which under the trump administration has killed at least nine at takeover bids of u.s. companies by foreign firms. here to get us through the legal weeds, --, and with me here is matt larson who covers tech litigation for bloomberg intelligence. tony, i want to start with you. ian king noted earlier this is a company based in the united states, but some asylum in singapore. arguing it is a foreign company may be marquis. we know this was an unusual announcement for the president. what do you make of it? i think it is extraordinary in the normally when cfius issues come up, the party issuing control is domiciled or located in the country that is at issue from a national security perspective. there is a disconnect between the side of concerns about china and the buyer or proposed buyer of qualcomm. emily: matt, talk about the extent of broadcom's business in china. broadcom's revenue comes from china. emily: so does apple. matt: a lot of international companies. emily: maybe not 5

company faces renewed hurdles in its attempted hostile takeover of qualcomm the powerful committee on foreign investmentthe u.s. has issued an interim order for qualcomm to delay its investor meeting which has been scheduled for tomorrow. joining us with more is taylor riggs. taylor: that was really interesting because they could have gotten anywhere from four to six seats on the board what is we're hearing from qualcomm's board. delaying that meeting. a lot of investors are saying times up for qualcomm. union look at the one-year normalized share price, there was an analyst that said three years ago, had you put $1,000 in broadcom, you would have $1,900. if you put $1,900 in qualcomm, you would have $900. that's where the frustration comes. this deal will still get done. this is just a delay. when we look at some of the biggest deal, this deal necessary jeopardy. 's down on the lower list, $11. billion. and then when we look at come of the deals from the ath. that is where deals go to die. the western digital deal died last year. semiconductors. that was one that caught my eye. so investors are saying

the banking committee has held two hearings on the bipartisan bill that i introduced with the senior senator from california, senatosenator feinstein which is called the foreign investment risk review modernization act. and i hope the committee will have a markup on that bill soon. the house financial services committee has also been holding hearings on our bill, including one last week and has more planned in the future. but the time to act is now because this process is outdat outdated. and the committee's jurisdiction remains too narrow. let me explain why that's so important. this review process was not originally designed and is now insufficient to address today's rapidly evolving threats to our national security. perhaps most alarmingly, many transactions that could pose a national security risk often go unreviewed altogether. china in particular has proven adept at cheating the current cfius system. it exploits gaps and creatively structures investments in u.s. businesses to evade scrutiny. they literally have been vacuuming up start-up technology firms that are going to produce the next cutting-edge technology that will give america a comparative advantage again

committee on foreign investment to take over qualcomm, one of our cutting-edge companies. whether this takeover would cripple the u.s. in its competition with china in the area of technology. david, it would be nice to think our competition with china was just commercial. it's not. it's military and its strategic. you can catch me weekdays on after the bell on the foxbusiness network. paul is back next week. we hope to see you then. >> lou: good evening, everybody. growing calls for the justice department to appoint a second special counsel to investigate clinton and obama corruption. attorney general jeff sessions will consider the request after two powerful house chairman agreed there is enough evidence of bias and abuse to warrant a special counsel. and the trump administration suing the state of california over the dangerous policy. the doj said california made is impossible for federal officials to deport

committee on foreign investment to take over qualcomm, one of our cutting-edge companies.issue here is whether this takeover would cripple the u.s. in its competition with china in the area of technology. david, it would be nice to think our competition with china was just commercial. it's not. it's military and its strategic. you can catch me weekdays on after the bell on the foxbusiness network. paul is back next week. we hope to see you then. >> new developments in those highly anticipated talks between president trump and north korea leader kim jong-un. the white house stating the rogue regime must take concrete and verifiable steps to show its commitment to denuclearize before the president attends a face-to-face meeting. hello. welcome to america's news headquarters. >> i'm kelly wright. the president has basically said from last night, he is tweeting the deal with north korea is very much in the making and will be if completed, very different for the world. time and place to be determined. allison barber is

the committee on foreign investment in the u.s.orks byind closed doors, chaired the treasury secretary, and when it come out with an announcement , they do not have to tell anybody why. they simply recommend to the president, and the president would go through with it. but if they come out and put in , then suddenlyes it is put down in writing concrete steps that the chinese can then react against, and i can hold a piece of people and say "hey, you say we cannot do this, well we will not allow you to do that." so the fact is they work behind closed doors. we are pro-open government. the fact that it works behind closed doors does give the america and amount of cover. writing,t it down in then you are giving permission to the chinese. bosline: thanks to romaine tick and tim culpan. the latest battleground in the debate. theube will van videos promote or link to website selling firearms and accessories and related videos with instructions on how to assemble firearms. coming up, uber's crash in tempe,, arizona. -- arizona. how big of

i think the reform will be of the committee on foreign investment in the united states.re has been concern that some of the way that china has and acquiring technology either using minority positions are going after companies that are bankrupt are trying to buy an ip, i think that process will be reformed as a bill that has pretty broad bipartisan support. and that will make it harder for the chinese to invest in a number of critical technologies. el.ly: that was adam sega back to continued coverage on facebook's scandal. an analyst is warning of a potential hall to some advertising campaigns on facebook. mark zuckerberg took out full-page ads in newspapers in the u.s. and the u.k. to apologize for facebook not doing enough to safeguard user data. is that going to be enough to keep advertisers happy? we spoke with debbie williamson monday. debbie: advertisers are thinking about a couple of important issues. the first one is what are users doing? book orng the #deleteface of a keeping their account for using facebook less? does that leave fewer hours of lessspent on faceb

the committee on foreign investment in the u.s.orks behind closed doors, shared by the treasury secretary. -- chaired by the treasury secretary. when they come out with a recommendation, they don't have recommendation, they don't have to tell anybody why. if they put down in writing the rules of what can and cannot be invested by chinese into the u.s., then suddenly they have put down in writing concrete steps that the chinese can then react against. they can hold up that piece of paper and say, hey, you said we can't do this, we are going to allow you to do this. the fact that cfius works behind closed doors gives the u.s. a certain amount of cover to say, we are not going to tell you exactly why the deal was not back, but if you put it down in writing, you are giving ammunition to the chinese. emily: bloomberg's tim culpan and romaine bostick in new york. i know you will keep us posted. coming up, we focus in on one of the bigger tech stocks to tumble this week. that is facebook, as a response to what may be its biggest crisis to

sixders broadcom nominees to the board is scheduled friday, and then we found that the committee on foreign investmentn the u.s. is investigating. it is a split committee. it's a very, very interesting story. now it looks like that vote -- shareholder vote has been due, probably, to the investigation. broadcom had been fighting to relocate to the united states in may anyway. that shareholder is -- that shareholder meeting is now delayed. this is bloomberg. ♪ mark: live from london, i am mark barton. vonnie: and i am vonnie quinn. this is "bloomberg markets." the latest wrap up round of nafta talks being overshadowed by president donald trump's plans to impose tariffs on steel and aluminum. cityel mckee is in mexico now. michael, negotiators are hard at work. they have six chapters written out of 30. does the work continue in the face of these tweets and this language about trade and trade wars? well, we will find out this afternoon, vonnie. at negotiators have arrived the talks. they began rotating bilateral meetings about an hour ago. the question is all across the country whether they will continue,

committee on foreign investment to take over qualcomm, one of our cutting-edge companies.he issue here is whether this takeover would cripple the u.s. in its competition with china in the area of technology. david, it would be nice to think our competition with china was just commercial. it's not. it's military and its strategic. you can catch me weekdays on after the bell on the foxbusiness network. paul is back next week. we hope to see you then. >> the president in full campaign mode last night. holding a rally in pennsylvania as he looks to tip the scales in the heated special congressional election on tuesday. hello everyone and welcome to "americas news headquarters". i am eric shawn. >> i am arthel neville. the present was on hand to help us republican candidate -- over the line. the present essay meanings has helped to enhance his agenda in congress while

the most likely move forward is reform of the cfius process, the committee on foreign investment in thetes. there has been concern that some of the ways that china has been acquiring technology -- they've been either using minority positions or going after companies that have bankrupt -- have gone bankrupt. that process will be reformed by a bill that has pretty good bipartisan support, and that will make it harder for chinese investors to invest in critical technologies. emily: adam segal thank you, -- emily: adam segal, thank you for joining us on the show. softbank and the kingdom of saudi arabia are going all in on solar. they signed a memo of understanding for the $200 billion solar power project. it would supply 200 gigawatts to saudi arabia, tripling the electricity's country supply by 2030. overclaim it will create 100,000 jobs. concerns over a fatal crash in california. another stock to watch in autos. general motors regaining its position as the most valuable u.s. automaker this week, as tesla stocks continue to slide. this is bloomberg. ♪ york auto show is taking place in the

the most likely move forward is a reform of the process, the committee on foreign investment in the united and it has the concern that some of waste china has been acquiring technology, they have been either using minority positions were going after companies that are bankrupt or trying to buy ip. i think that process will be reformed. it is a bill that has pretty broad bipartisan support, and that will make it harder for the chinese to invest in a number of radical technologies. director ofsegal, the cyberspace policy of the council on foreign relations. thank you. as always, adam, for joining us on the show. softbank and the kingdom of saudi arabia are going all in on solar. signed some -- they understanding on the full or project. the venture would supply 200 gigawatts of solar energy to saudi arabia, chaplain the country's electricity supply by country'sipling the electricity supply by 2030. some think it would shave costs. tesla stock down after a fatal crash in california. another stock to watch. general motors regaining its position as the most valuable u.s. automaker this week. tes

can rule to the committee on foreign investment, that is run by the treasury secretary.hey can rule on efforts by outside companies from the outside of the u.s. borders to take over u.s. companies -- it doesn't work the other way yet. there is legislation in congress that would allow them to do that , it is probably going to pass but it hasn't gotten there yet. the question people are asking about this is what extent are they going to put restrictions on what the chinese can buy in the u.s.? tech companies are ruled out that broadcom and qualcomm deal, so he has put tech on notice. are they going to require any disinvestment of chinese ownership in any state in companies in the u.s. already? it is not clear how far he can go with that but that has been talked about as well. vonnie: what is the president's ultimate goal? we know protectionism is a stance, but these specific and targeted measures -- what kind of response is he anticipating? michael: ladies and gentlemen, vonnie quinn has just asked the question. nobody knows. deficit focus on trade and he doesn't like that

the trump administration's committee on foreign investment in the united states's intervening to put e deal on hold for one month while it undertakes a review, saying, "any other potential merger between broadcom and qualcomm could pose a risk to the national security of the united states." senior lawmakers are also concerned about the risks. >> china has made no secret. theory have a national strategy, they've announced it, they've implement it to vacuum up start-up technology companies and other companies that produce dual use technology that has national security implications. >> a former national security official who is familiar with qualcomm tells fox news that assured this deal go through, it would effectively forfeit the future of american 5g. bill? >> bill: thank you. gillian turner, we'll watch out, as well. in a moment, great expectations or just a tease. the latest reaction to north korea's reported offer deposits nuclear program. also up next, another fierce winter storm pounding millions tonight in the northeast. ♪ you tell your insurance company they made a mistake. the

but this has been handled by -- the committee on foreign investment in the u.s.ks behind closed doors, chaired by the treasury secretary, and when they come out with a pronouncement or they knock back a deal, they do not have to tell anybody why. they simply recommend to the president, and the president would go through with it. but if they come out and put down in writing the rules of you know what can and can not be invested by chinese into the u.s., then suddenly it is put down in writing concrete steps that the chinese can then react against, and they can hold a piece of people and say "hey, you said that we cannot do this." well, "we will not allow you to do that." so, the fact is they work behind closed doors -- we are pro-open government, but the fact that it works behind closed doors does give the u.s. a certain amount of cover to say "well, we are not going to tell you exactly why a deal was knocked back." but if you put it down in writing, then you are giving ammunition to the chinese. caroline: thanks to bloomberg's romaine bostick and tim culpan. now

practical matter how would an executive agreement impact a company who is subject to the committee on foreign investment in the u.s. and as controlled by a foreign investor is limited in the extent to which it can provide government outside of or u.s. with information store information there. foreign government demands have to be approved before they can be complied with you if you have a subsidiary or supplier outside ae u.s. so there could be practical impact where a country says i am entitled to this under an executive agreement. and more generally if the executive agreement framework the process you see also increasing flexibility or greater distinctions between companies controlled by investors in china versus companies controlled by investors in germany? it's a very interesting question that i have not encountered before so thank you for raising it. i think the answer is fairly ther and that is that executive agreements and the lowering of those barriers only applies to the stored to indications act. it is essentially a provision that is saying the rules that apply in this particular situation wil

property and we need to protect certain industries but we also have a panel with the committee on foreign investmentt is looking at things like the broadcom qualcomm proposed deal so if trump wants to get tough on china he wants to prevent what james is talking about, taking over, right, important industries or technologies he already has the vehicle to do that and he's already toughened it up. i think that's great. i think he should continue to do so. maria: let me take you back here to america tuesday you've got a special election in pennsylvania is that going to be a proxy do you think for the midterms james >> i think certainly the republicans in the house are looking at it even though the districts are about to get re drawn. maria: well you mentioned that but that doesn't sound very good >> it's a symbolic race here but it's important, as kind of and i know house republicans are looking at this as kind of a barometer because trump won the district by 19 in 2016, because it seems like a trump kind of district. we don't like these steel tariff s but a lot of the voters there do 20% union househol

to two people familiar, the committee on foreign investment is split on whether to involve radcom's effortof its rival. another review would add a hurdle. royal bank of scotland's chief financial officer has signaled as itr job cuts accelerates its investment in technology. he did not give a target for potential job reductions at the company which shut 259 branches in december as customers increasingly access their accounts online. >> we are not going to talk about -- openly about figures. within those restructuring charges, you will see a lot of getting out of properties and office buildings we are in today. a lot of it relates to some legacy technology costs like data centers we are planning to get out of. there is some of that relating to things like planning. einhorn'sdavid [indiscernible] percent. losses to 2.3 that is according to a client update. the s&p 500 lost 7% in sugary including reinvested dividends pairing the gains to 1.8%. -- globalhedge fund hedge fund index dropped 2% in the latest month. not immediately respond to a request for comment on the results. that is your bloom

according to two people familiar, the committee on foreign investment in the u.s.split on whether to review broadcom's contested effort to win control of its rival. a review would add another reckitt tory -- regulatory hurdle for an acquisition that would need to meet antitrust approval around the world. fund i hearts main hedge green cap -- greenlight capital fell into very expending -- extending losses this year. that is according to a klein update seen by bloomberg. in comparison, the s&p 500 lost 3.7% in february including reinvested dividends, paring the gains to 1.8%. the hfrx global index dropped 2% in the reinvested dividends, paring the gains to 1.8%. latest month. thexternal spokesman for analyst did not comment. that is your bloomberg business flash. guy: we have less than three weeks until the russian election. president vladimir putin made the state of the nation speech. the coming years will be challenging for the country, he said. >> there are challenges that are hard for him to address. is not happy because side isrt -- economic shrinking. there is

eamon javers >> it's the committee on foreign investment, otherwise known as sifi sifi blocking thateal. broadcom headquartered in singapore said it would move its headquarters to the united states, there is the ceo of broadcom meeting with the president back in november at that time announcing the headquarters move was coming, saying the environment for business in the united states was terrific, thanks to trump's presidency the president signaled that he was in favor of that move. here's what he said at the time. >> we're thrilled to welcome broadcom limited and its ceo to the white house to announce broadcom limited is moving its head quart headquarters from singapore back to the united states thank you very much. >> there was not enough to get this deal back on track yesterday. sifious taking those steps yesterday to block this deal there's concern in the white house that, you know, qualcomm ip is so sophisticated and so important to u.s. r & d going forward they do not want that ip getting in the hands of foreign controlled entities. there's a pipeline of technology coming out t

the committee on foreign investment in the u.s. to delay its investor meeting for 30 days. shareholders were set to vote tomorrow on six broadcom nominees. broadcom plans to move its headquarters from singapore to the u.s.. once that happens, the takeover would not be covered at a committee. amazon wants to create a checking account product aimed at younger customers. according to the wall street journal, the largest online retail is in talk with big banks including j.p. morgan chase. they said it does not involve amazon becoming a bank. that is your bloomberg business flash. the talks coming to a close before president trump's proposed tariffs. he said to protect our country, we have to protect our aluminum and steel. joining us is michael mckee. america first was the fear when he got elected, then we forgot about it, and now we are back to . where does that leave nafta? michael: it leaves them hanging. talkingo, they are tough and mexico they are talking trade. trade deals take a long time. i think they are unrealistic saying it