the winners, skyworks, micron, texas instruments and corvo.e about broadcom or xilinx and i'm skeptical about the last one, which was down a lot today. the more proprietary your chips are, the less likely you'll be allowed to sell to huawei. think of it as commodity versus proprietary. if your company makes components for cell phones, you're probably good if you make chips for military communications, uh-uh, you're off the table. if you make wireless infrastructure technology, i think it depends because they really don't want to let huawei run away with 5g in short, the trump administration is willing to stop trying to destroy huawei. i mean, that's a real blow to the hard-liners. remember, hard-liners mean people who are cold warriors, but keeping the serial bad actor -- this is their term, short-leash. speaking of hard-liners, this morning we spoke to pete navarro, the president's top trade adviser on "squawk on the street." i wish i had been there. it was in the 10:00 hour i was not able to play but he told us that -- great interview -- the

raymond james says skyworks and k corvo could see some near-term upside, but nearly every analyst weighingn this morning said that july earnings will still show weakness and that uncertainty for the chip sector is far from gone deirdre? >> absolutely. still a lot of uncertainty, especially in the long run let's talk about that a little more and a lot of folks are wondering, is tech the big winner from this we could's summit and is the so-called economic has hardball over? let's bring in ben steel with the council of foreign relations as well as director of the tech policy program james lewis. gentlemen, good morning and thanks for joining us. >> good morning. >> let me ask you, would you say we're in the clear are markets getting a little bit ahead of themselves. i kept talking about this long run. i spoke to the chairman of huawei last week and he said that they're getting ready to sort of reduce their dependence that they need to on american suppliers. >> yeah, what we're seeing right now is really a relief rally we are far away from the end game here. the big shock coming out of osaka w

i talk about corvo, sky works, micron but hawk tan, he's back. he's bigger than ever!he's confounding the bears. >> right >> he just won't let the bears win. didn't you love it tenacious. >> he's tough. >> i would not go up against hawk tan. >> we dealt with hawk a lot during the -- >> scott barshe beat him. >> qualcomm. >> that's in reference to a lawyer we know who is brilliant, right? >> wow did you just go out there and do advertisements for people -- >> it is not -- >> amazing. >> it is not like the -- the dog says -- >> they beat them, they beat them i would say actually more likely the general counsel at qualcomm that helped. >> that fellow is a smart fellow >> takes you back to national security, takes you back to 5g, takes you back to huawei when you go talk about the u.s. government saying no to the ability of broadcom to buy qualcomm is what we're talking about here. >> they seem to be -- >> i don't know. >> why is sipius. >> as of friday, huawei was banned, period. >> they were trying to bankrupt huawei >> yes. >> now they're, like, in favor of huawei. davi