get back to you on that one had now the stage turn heard thank you very much for your input samsung electronics has won a 6700000000 dollars contract to provide 5th generation wireless solutions or 5 g. technology to verizon communications in the u.s. it's a big win for the electronics giants networking gear business themselves competitor weiwei is grappling with u.s. sanctions and washington's effort to get allies around the world to shut out the chinese companies. to an industry bucking the trend joining the coronavirus crisis caravan holidays a great getaway if you're keen on self isolating and escaping the crowds of all inclusive tourist resorts and hotels sales in germany a shooting through the roof. it's like building lego on a large scale workers assemble a caravan from a prefabricated parts. or immobile in the german town of spreading and they're currently producing up to 10 caravans a day. they're full capacity and their boss is happy the american spirit was not with. but unlike a common will be brought in on the ground for young feeling oyster i guess selling like hotcakes they someti

in south korea, prosecutors have indicted the deaf active leader of samsung electronics on charges includinglation that could put the head of the world's largest electronics corporation on trial for years. settles whether he used a legal means to take control of the group founded by his grandfather. at&t has kicked off a debt exchange. the world's most indebted company is continuing its efforts to refinance more expensive obligations. at&t has roughly $170 billion in debt and it is seeking private equity investors to buy the majority of its directv and satellite business. gotten interest from potential buyers. they filed for chapter 11 bankruptcy in maine and are considering a sale of their fleet unit if they can get at least $1 billion. the money will be used to off debt. that is your bloomberg business flash. has begunastrazeneca large-scale human trials of the coronavirus vaccine. as plans to enroll as many 30,000 adults to test the shot. a final phase of the test is also underway in the u.k. and preliminaryo results. joining us is our bloomberg intelligent senior pharmaceutical analyst.

samsung electronics, that kind of its bucking the trend, of about 1.2% in seoul. xt target in its blacklist, samsung could benefit. that is why that stock is higher. the hang seng index falling once again. 515names like tencent, right now for the stock. alibaba is down 1%. to 20%tending gains lower. when it comes to currencies, the dollar will still be the focus after we saw a resurgence in strength last week. 1.18.ollar at onshore renminbi continuing to go strength for strength. 6.83 for your onshore rate. a six-week of gain, the longest streak in two years for your onshore renminbi. that is helping currencies trade pretty much flat at 106.26 for the dollar-yen. we are waiting on the trade data. questions about how strong the rally will be. we are expected exports likely continue to rebound strongly from a year earlier, reflecting higher external demand. some believe beijing is allowing faster gains as well as it seeks to bolster week spending. let's bring in the market strategist at arcadia securities. i am just wondering, is it the same recovery in china? alls t

you can also see south korea, samsung electronics down 2/10 of 1%.re still concerns about the semiconductor space and restrictions especially with huawei. the asia-pacific down 1.4%. down by the likes of alibaba. plenty more ahead. this is bloomberg. ♪ kong is 10:29 a.m. in hong and shanghai. i'm karina mitchell with the first word headlines. astrazeneca's u.s. traded shares fell after the british drugmaker coronavirus vaccine trial was put on hold. the vaccine is being developed by oxford university and is seen as a front-runner. the company says in a statement it is a routine action after one of the participants became ill. it is working to review the incident and keep the trial moving forward. there is a new twist in the divorce giving everyone a headache in europe. a new bill will be published today in the u.k. that rewrites an earlier art of the agreement already signed with e.u. in relation to britain's split with the yo -- split with europe. two senior advisors have quit. the changes would allow britain a no deal departure. trade talks resume

it was reported this week that south korean semiconductor manufacturer samsung would no longer sell electronicsnew order —— move follows new orders placed on the chinese manufacturer. general motors took a 11% stake in electric car company nicola. the badger is expected to go into production by 2022. uber laid out plans to go fully electric by 2030 in north america and europe with the rest of the world coming online by 2040. the company said it would spend $800 million to help drivers set to electric ca rs. help drivers set to electric cars. a consumer iconic show efa took place online this week, highlights included this mini dishwasher bob designed to sterilise face masks and wea ra ble sterilise face masks and wearable air purifier from japanese manufacturer creative technology. up up ship now, in recent years, technology has played a big role in making homes or accessible for older people and those with care needs. smart devices we take for granted. paul carter has been to find out more. click theme plays may be given to thinking its regular saturday morning, i am at home watching click that

josh: our customers are tier two and tier three suppliers in the electronics supply chain. samsung they will buy a large component of screen from samsung display corp. and that will in turn by from anyone of a number of smaller companies, most of whom you've never heard of who are selling pieces into that stock. the very typical, high-performance materials sale. what is the biggest challenge facing the company? we are in the middle of a pandemic, which has been disruptive to the supply chain. josh: i think the point about supply chain friction because of covid israel. not just covid but climate change. we manufacture in japan and in a facility in oregon. there are fires in oregon. so far, no one in our facility has been harmed but we are monitoring the situation carefully. that creates friction in our ability to get product to customers as quickly as we would like and that is our biggest challenge at the moment. long does $300 million last? josh: for a good long time. emily: [laughter] good to know, given all the uncertainty ahead, the fires you are grappling with in oregon and hap

samsung has won a deal to provide 5g wireless solutions to verizon in the u.s. a big win for the electronicng business. the contract is valid through the end of 2025. it marks one of samsung's biggest contracts into decided to enter the networking gear business, taking on nokia, huawei which is now battling u.s. sections. jp morgan is doubling the number of investment bankers coming back to its new york and london offices, as wall street inches back to pre-pandemic work arrangements. wants 50%g giant of its dealmakers to be at his desk on any given day. jp morgan staff will be allowed to work from home one week on and one week off. tom: let's check in on the markets. not a great deal of excitement in the mainland or in hong kong. it is essentially flat on the -- shanghai composite below that 3300 level. we can move on to the next board. we are looking at the kospi up 6/10 of 1%. the sti up 14 points. yvonne? yvonne: you don't want to miss this interview coming up. the german finance minister joins bloomberg's francine lacqua for exclusive interview to discuss the eu's economic recovery amid

samsung on charges including stock manipulation. that could put the head of the world's largest electronic corporation on child -- on trial for years.atest business flash. alix: thanks so much. president trump on his way to kenosha, wisconsin. the city grappling with unrest after a black man was shot by police there last month. the president is making the trip despite accusations from democrats he is trying to take advantage of the turmoil to rally supporters around his lawn order message. we are joined by bloomberg's alex wayne, who heads white house coverage. there is a narrative developing in the market that says as the violence continues, trump is donning a lawn order narrative, and that is better for him in the polls. is that something that is developing where you are? alex: that is interesting. that would match what joe biden has said about the debate. he said the president is trying to take advantage of the violence, that he is not doing anything to tamp it down or calm tensions and he thinks he will benefit if these protest develop thate riots, or more often these protest develop into riots. joe biden has noted that kellyann

manipulation that could potentially put the head of the world's largest electronics company on trial for years, related to whether he and samsung for the company founded by his grandfather. elon musk is the richest person in the world as tesla shares continued their rally after a stock split, according to the index,rg billionaire's with his worth growing billions this year alone. that is your business flash. matt? anna? you, laura, thank wright with the business flash news. some stories we have been following, apple is planning a massive rollout of its next-generation iphone, asking suppliers to build at least 75 million units, also looking to unveil if you are more models with 5g wireless with a rifferent design -- unveil fou more models with 5g wireless with a different design. bilal is still with us. have had many roles over the years, clearly leaning towards macro, but in terms of tech, this rally we are seeing in tech stocks, this is not part of anybody's notice, i am sure. what do you make of where we are on tech stocks? they are not expensive, looking back at past valuations. what are your thoughts? ilal: on the valuatio

samsung galaxy note20 after trade-in. >>> now to a cnn exclusive investigation that has three u.s. senators demanding recalls of potentially dangerous products. this coming after some amazon customers warned others about popular electronicse amazon brand. according to more than 1500 customer reviews, some electronics could spark, explode or catch fire. drew griffin joins us with more on this cnn exclusive investigation. drew, tell us more about what you found. >> fred, what these senators are basically asking amazon is, what kind of consumer product safety testing do you do, and what we found in this investigation is, it is the consumers who are actually doing the testing and finding out they are bringing a lot of hazardous products into their home. burned furniture, scorched outlets, melted power strips. all reportedly involving amazon basics electronics. leona and jimmy's house it started with a distinct odor. >> it smells like hot plastic. >> reporter: they couldn't find the source of that smell. they even called 911 but it wasn't until after firefighters left that jimmy discovered the apparent culprit inside a cardboard box. >> the smell was overwhelming when i opened the box up. >> reporter: an amazon basics battery