similar what we do with huawei.es, we look more broadly cover handsomely at all threats from entities not just china but tied to the ccp at that broader conversation continues to take place in the near term, tiktok and then others from security risk perspective. >> one of the thinks encompass has been working with our companies is international proceeding where the commission is looking at making significant changes to ownership review and different time frames in which licensees may need to come back to the fcc to do ownership review be on merger agreements were often the fcc is like an ownership structure. any thoughts, that's comfy just a big data collections i anotr probably, think a lot of data that any thoughts about how the commission might be able to use that rulemaking process to do further reviews of international authorization? >> look, the relationships that are issued when you talk about undersea cable are getting increasingly complicated, whose leasing, whose only, pushing it to transmit data. it's app

huawei having 18% market share ast quarter with unit sales up 15.5% year-over-year. apple was third behind huawei and another chinese brand in the country with 17.1% share, and its unit sales down 18% for the quarter. all of these brands that i was showing you on that last screen, they grew in china. apple was the only one we saw decline based on this data. next up, we have apple earnings on january 30th, that's next thursday, next week. and one thing that may help out with this iphone slump that we've been talking about so often is the new iphone se. that's the entry-level cheaper model that costs a few hundred less than what the iphone 16 has. that's expected this spring. that might help a little bit. still, we're seeing apple shares off to a tough start for the year, down about 12% year-to-date. >> makes those earnings next week even more critical. >> and the guidance. >> no doubt about that, and the intelligence that you always get in and around that. we'll look forward to that, and i'll just reiterate what i said earlier. that stock price is the reason why today

apple dropping behind vivo and huawei. shares of apple up .75%. we will continue to watch the stock throughout the hour and day to see if there is any reaction to that report. >>> coming up on "worldwide exchange," from super micro to adi, aann end to one of the most notorious short sellers here on wall street. we'll be right back after this. ...or know what i like to eat, which is not that. what's up, my brother? oh, hey, bud! we really needed this rain. right? [car splashing rain water] agentforce helps restaurants prevent dining disasters. paddle on over! it's what ai was meant to be. we got you, brother. ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ at state street, we know everyone's trying to get somewhere. ♪♪ take the next step toward your future, by investing in the s&p 500 with spy. getting there starts here. z's bakery is looking to add a pizza oven, by investing in the s&p 500 with spy. arissa's hair salon wants to expand their space, and steve's t-shirt shop wants to bring on more help. with the comcast business 5-year price lock guarantee, they can think more ab

the chinese phone maker huawei has cut prices of its high—end mobile devices by as much as 20% as economicple to launch rare discounts on its handsets. the british airline easyjet says it's cutting its fuel consumption by reducing the amount of paint it uses on its aircraft. it says it's the first airline in the world to trial a system that uses thinner layers of paint to achieve the usualfinish. stay with us here on bbc news. goodbye. hello from the bbc sports centre. liverpool manager on a slot says trent alexander—arnold remains committed to the club. player's contract ends at the end of the season. he would not rule alexander ronald being sold in the january transfer window, only the janua

and put it into third place behind vivo and huawei. the stock falling over 4% today for its worst day since august. it's now lost nearly 9% already in 2025 making it by far the worst performing mag seven stock. analysts on wall street have been getting a bit more bearish. a rare sell rating was issued on the stock, slashed its price target, saying apple could fall 18% from here. the biggest concern, tariffs. and with president-elect donald trump just a few more days from returning to office, could that threat just be starting? i guess at the heart of this whole thing is there more pain ahead? >> you know, there's an interesting word in the english language. swashbuckler. >> usually associated -- >> pirate. >> yeah, see, tim nows? knows. >> yeah. >> to make a call like that, in the midst whooch was --of every a ing move. >> i agree. i arts s ort of admire it. we've seen moves like this before, but finally, some of the china concerns i've had are starting to come to fruition. i think valuation is coming to the forefront, as well. you get

. >> well, they have competition with huawei.cally has been hesitant to issue discounts, but we are hearing in china you get about $70 off the iphone 16 and the 16 pro max. their overall market share within mainland china is down 14% and they have seen slowing sales. so in part competition with huawei, cutting prices to see if they can make up in volume the help regain that market share. ashley: very good. apple down more than 1% this morning. this is an interesting one, chip maker -- just announced a partnership with google. what's that all about in. >> you've got a partnership with google, safe to say your stock will go up. that's what we're seeing today. again, think about google, sort of machine learning combined with hardware. so again, sort of furthering what we're calling the internet of things, the way that the we can can connect automote if is, wearables, monitoring systems, all of the things in our lives. and they're able to do this now together, so certainly a good day for the city in a minute ifics stock. ashley: deft

spoken with people in a position know, that when position to know, that when released their smart huaweiical renevatibn but timing is exactly what the government want think that expert everybpdy ta thinkihat expert do not work that not the global america is not the global leader in al, in reality, all 777 the leader in al, in reality, all . ,, the chinese cf the chinese cempanies and now available to companies very few w company s very few companys very1are —::: to china.w w in the middle east. reclaimed. this journey is the one they'd waited to make. family survivors, old and young. from khan yunis. thank god! i'm crying from happiness. others who don't remember it at all. there is no alternative. houses burnt, businesses looted, hamas officials have called for 130,000 emergency tents to shelter people returning to the north. gaza's displaced still homeless, now a place of reunions. the impact of this truce is taking hold, talks on gaza's future, haven't yet begun. but the path ahead is unclear. this is bbc news. you're live with bbc news. fight to capture a key city in the eastern demo

you are relinquishing dominance to huawei. downs great -- downgrades the price and they talk about limited traction on ai. what are you and i prepared to pay for access to ai. the stock down 2%. they are sales are up 15.5%. until, in a lineup behind donald trump. you saw bezos, cook but you do not see the ceo of intel. is this a bid proposition? 3m, think about g in a modern -- gen modern conference. margins were lighter but bill brown is transforming this company with cross cuts in productivity and talking about how will we handle trump tariffs. they expert $4 billion in import $1.7 billion so it is about dexterity within the domestic supply chain and ability to deliver to the home market. as well as, adjusting the dial to those imports. jonathan: we appreciate it and good morning. i think we are running for good morning even though it is the afternoon in switzerland. lisa: you think that it is our collective decision? hold on a second. why don't you say good morning and i will say good afternoon. jonathan: just confuse every

in africa we see safe city programs by huawei. this a commercial for huawei to establish themselve as leadern in 5g, now all other technologieshe -- 3-d printing, they have to be drawn to standard set by huawei, not because an international organization set it up but they established market dominance, a concern we have. we need to be engaged that way. >> i look forward to working with you. i have worked hard with senator graham to get signed into law, pressing department to have a common strategy in fragile stating and have struggled to imminent that. much more recently, u.s. foundation for international conservation act. it would create a public private foundation to address security, both of these bills address root cause of instability. by encouraging engagement of private sector in philanthropy, can i count on your support to implement the two lows in coming years. >> conservation one i believe just passed. just in time to help you with it. to global fragility. this has been on going for quite a time, we have to check on progr

china of advanced artificial intelligence, ships made by us based in video. meanwhile, the likes of huawei by do and alibaba are designing rival ai systems incorporating their own ships. india enjoy clar, friendlier trade relations with the us, and helps deposit from trump's conflict with china. you can feel the vibe of young people as soon as you reach the city. bustling high robot is one of the biggest i t hops in india. here on the campus of the institute of technology, one topic is dominating every conversation. artificial intelligence. many of the students here have their own dream of a future. in developing a i did see a drastic changes in the environment that end up in probably with the mindset of the people taking more into a perspectives. so it is moving a lot fewer students than ever before. see the future in the u. s. a. europe. this professor thinks the brain drain of young i t talents out of india is over. students have been traveling to other countries. us most important key for job prospects and so on a little or this trend is changing in the past few years. uh, thanks to uh

year, the phone has reduced the price of its latest concepts by up to $70.00. chinese phone make a huawei as also cut price is by as much as 20 percent. china would expand consumption subsidies to cover smartphones of electronics and a bit to encourage domestic spending and to offset the effects of any new us targets on its exports. well will wong is a senior research manager id. see a global market intelligence data far away covers the mobile phone market. he joins us now from a couple of good talking with as well. so why have sales of for and phones in particular are full and so sharply in china. yeah, so 1st thing for different brands in china, like what you have mentioned just now it's majorly counted by epa, so samsung is over there as well. but a per account it for a major share over there has been in the top fine for like, for a long time. so when we talked about from brands in china, we talked about epa itself. so why is facing for those challenges? so what we see is says dot most the x and those sectors x and that changes. so 1st thing is consumers, consumers in china have change

this is just a commercial deal for huawei. this is a way for them to ingrain themselves in telecommute occasions in these countries and establish themselves as the leader of 5g. now all of the other technologies that depend on 5g, they will all have to be drawn to the standards set by huawei. that's not because an international organization set it up, it is because the established market dominance and it is a concern we have in multiple parts of the developing world and the global south. >> i very much look forward to working with you on deploying the full toolset that allows us to compete in the global south, including the developing finance corporation, something senator corker and i lead on this committee. i know you see the potential for it. as i come to the end of my time, i have worked hard with senator graham to get two different bills assigned. the global fragility act which presses the department of defense, department of state to have a common strategy in fragile states. we have really struggled to effectively implem

and if huawei has an obligation to share information, under chinese law with the chinese communist party, and they are creating global networks and our information is going over those lines, and our allies that we are sharing information with, that's jeopardizing our information, that's jeopardizing our troops. all of these things are basically put at risk with respect to that. and so this is just why you are so correct, senator, in terms of making sure that we are balanced in terms of where we are investing in terms of the global threat landscape pandemic, you know, 5g, ai. i don't want to say all roads lead to china, but a lot of them do. sen. sasse: what are the technical fields that you are most concerned about them being at or equal to us in terms of long-term plotting against us? a generation -- i think eric schmidt, the former executive chairman of google, regularly talks about a tech generation as being 18-ish months. what technical fields are you most concerned about their near parity or rival with us? rep. ratcliffe: yeah, i mean just in terms of the point, cybersecurity genera

made, they being china are spying on your conversations, that was the argument around pulling the huawei infrastructure out of the united states and a lot of western countries. that is the parallel donald trump is making. it is not the only tech company coming out of china that has that perceived impact on the rest of the world. tiktok is interesting because in addition to talking about the ban and spying ability, we are still talking about who the buyer may be, an this is the first time in recent history where an american president is talking about a national stake in a foreign entity based in the u.s. last time you talked about this, you were going to things like the railroad in the 1800s, the development of electric grids, things that need to be put in government hands because privatizing them puts the cost out of wack. that's the game changer, he is not only brokering a deal, he's talking about the u.s. government playing a more active role, it comes at a time when the u.s. steel and nippon steel, one of the concessions was the government having veto power on the production capacity.

both ends everywhere the canal are managed from companies from the people's republic of china while huaweiominates the country's telecom system. pretty important, don't you think? since 2018 panama has been a member of china's belt and road initiative as well and xi's plan to come to nate all global trade is part of this do we really want china dominating a canal that's central to our trade? if they take control of enough of pan marks could china ultimately use it as a station for its military? these are valid questions. again, each raising this issue is somehow unaffront to official washington. how dare you stand up for the united states? you are threatening the global order donald trump. if trump can make a deal for strategically important greenland? why wouldn't that be a good thing? >> we need greenland for national security purposes. i have been told that for a long time. long before i even ran people have been talking about it for a long time. i'm talking about protecting the free world. you look at -- you don't even need binoculars, you look outside you have china ships all over the

>> the worry everyone has is they're losing share to huawei right now.o the worry could be to see sizable declines, 10% plus declines outside of the china apple market. i think whatever decline they do see, they'll see something, low single digit maybe. that will get negated by the very strong near triple-digit growth apple is seeing in emerging markets right now. >> that may be the case. just curious. we just heard from toni sack nag gi. he thinks they'll do $9 of earnings on a 32 multiple. how does that compare with your expectations? >> i think to the extent you have a decent iphone cycle. services does low variables as well. i think gross margins can keep improving. i think you can put $90 of owning on it is very much in the zone for apple to achieve. if you believe apple can trade like a consumer staple, which is what it is, you could see the stock work its way to the high 200s. >> even i can do that math. 30 times ten or whatever and i can get there, but i have to pay attention to the way it's trading, which is, even with those possibilities in the

the trump team in the first term put restrictions on huawei and those kept building up.s having leverage over china and over companies who have to come to him and ask for exemptions. it is possible he keeps it going. >> megan cassella in washington, d.c. thank you. >>> coming up on "worldwide exchange," president trump making to look crypto the number one on first day in office. we'll talk about it after the break. ♪ ♪ with so much great entertainment out there... wouldn't it be easier if you could find what you want, all in one place? my favorites. get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. >>> i'm just asking with so few people with so much wealth and power, do you think that is an oligarchy form of society? >> senator, i think it depends on the -- the ability to move up and down the -- >> that's not really the answer. >> so that was senator bernie sanders and treasury secretary pick scott bessent clashing during the hearing calling what biden calling an oligarchy issue in the united states. welcome back to "worldwide e

tsmc is under scrutiny after a chip discovered in the huawei device.pany black listed by the united states. the tightened restrictions from the u.s. are not an issue. the incoming administration as well. >> the first look is manageable. meaning my customers who are being restricted. we are applying for the special permit for them and we believe we have accomplished they will get some permission so long as they are not in the a.i. area. especially automotive, industry, or even you talk about quantum computing. >> reporter: tsmc says the first fab in arizona entered volume production. the ramp up process is smooth. stay tuned to cnbc for my interview with the cfo on monday. reporting from t'aipei, i'm emily tan. >>> coming up on the show, as the clock ticks down for bytedance, we will discuss more after this break. (man) robinhood gold members get an ira transfer boost of 2%. when you transfer in an ira or old 401(k) by april 30th, robinhood gold will boost it by 2%. do you have a life insurance policy you no longer need? now you can sell your policy - e

still competition from huawei and the hardware front, but beyond that, apple needs to get the governmentapprove apple intelligence. i asked tim cook about the trip to china, he says talks continue. apple needs apple intelligence for chinese consumers. for cnbc business news, i'm steve kovach. >>> returning to one of our top stories. investigations are continuing in new orleans after an army veteran flying an isis flag from his truck rammed into the new year's revelers killing 15 people and injuring around 30. jay gray joins us now from new orleans. jay, just give us the latest. >> reporter: yeah, silvia, as you can see, this area is still locked down. an early hour in the early morning here, you would normally see revelers still coming out of the french quarter kind of lingering along the streets on canal. you don't see that at all. in fact, there is an eerie silence in the city right now. a tension here. so many, like investigators, searching for answers. the suspect in the case, shamsud din jabbar, 42 years old with army service commitment. he left as a staff sergeant. we know investig

was a chinese company that was an intermediary for chips made by tsmc that ended up in the hands of huawei technologies. the chinese companies has been blacklisted by the u.s. and isn't supposed to get those kinds of chips and instead they got it. the commerce department is asking for new regulations were producers like tsmc and samsung will need a license from the u.s. before they do business in china for the most advanced semi conductors. mike: peter, do we expect these measures to get the same kind of unwelcome reception and objections that the ones unveiled on monday regarding ai technology received? >> that really was an exceptional situation. they hit nvidia in particular. nvidia had a sharply critical comment at that time saying it's not the time for the biden administration to put in new rules days before they step out the door and hand off to another administration that has different priorities. to be fair, the biden administration gave a long comment, the rules wouldn't go into effect until well into the trump administration. it's a good question, the chip companies are not happy

and this keeps piling on with china troubles, counterpart research on china today, huawei is gang sharesagain, up to 18% market share last quarter, and unit sales are up 15.5% year of year. apple is third in market share, with 17.1% market share, and unit sales were down 18% for the december quarter. all the brands that you're looking at right now grew in china except for apple. next up for apple, though, there's earnings january 30th. and one thing that may help the iphone business, a new iphone se is expected this spring. those are the cheaper model of iphones, the entry level iphone that sells for a couple hundred cheaper than the iphone 16. but off to a rough start for apple, down 12%, 13% so far. it reminds me how the year started really crummy for apple. we're seeing apple ght now, it just got surpassed by nvidia. so we're seeing this snapback from all that exuberance in december. >> the big question is, is this going to be like last year where you have the snapback, or have these changes that you just talked about in china, are they so real and so pervasive, that apple has a real

and that government let, let huawei into telecommunications grid. yes, they need foreign direct investment, financing and the like, but there is also some wariness of what china does once they are there. rush: thank you. i want to turn to michelle know if we could. the broader question of, africa has a lot of different perspectives, so it is difficult to say how does africa view the china-russia relationship? related to that, there is some description in the report suggesting that we are seeing states that benefit from chinese assistance over russia in the u.n., so we are seeing this triangular coordination across international institutions. how do african countries in general see the china-russia relationship, are we seeing influence by one power benefit the other? michelle: you are right, of course, there is always a diversity of views. broadly speaking, for most african governments and societies, these are two very distinct partners. both have long histories on the continent. china offering is much more robust in terms of what that partnership ca

panama it is in communications controlled by huawei $1.4 billion into the small central american nationust turned away. multiple administrations have just ignored panama. and now the president is saying, look, when i look at my national security. >> lawrence: that's right. >> brian: what going on here? why are the fees so high? what is he is doing working it right now. i at this point in time back. what he is going to end with they got to define who these companies are and let them know they have no control over it they they don't want to negotiate they are foolish. panama is in a good spot. investment from china and america's interest. if it's trump in panama he is working both sides getting maximum you money. it's our national security that's at stake. it's not nice to have panama. no one wants panama. what we need is the canal for access. if we can't get it, we are totally shut down. and 9 other thing is that is where marco rubio's going. >> lawrence: 100 percent. >> brian: anyone doubt rubio is going to be implementing trump's foreign policy vision only two took two days. >> lawrenc

whether it is a crane over the port or a bridge we cannot tolerate huawei, tiktok, other artificial intelligence using a government backdoor. i am a big fan of the five technology interest in basic democracies forming a technology nato. nobody should be buying technology or equipment that has a government backdoor. these are complex issues and we need solutions. i will be requesting the department of defense provide a classified briefing to all members of our committee about four and seri threats to the panama canal, including these adjacent areas. i received an initial classified briefing from the u.s. southern command and have spoken to former u.s. southern command leaders on these issues. i also plan to go as a delegation or by myself to panama and visit the panama canal authority. i invite other members to do so, hopefully this spring. any successful strategy also has to not just focus on cybersecurity and cooperation, but the larger issue is we need to understand what other shortfalls of the current agreement that does not get at this upgraded technology concern. i would hope panama would b

luke capital moving it from a hold to a buy as china's huawei reportedly sold more phones than apple did. but, you know what? traders and investors have bigger fish to fry at this hour. if they thought they could game which stocks might fly or fail in the wake of president trump's expected policies, that might be a bit harder than it looks. after saying yesterday he'll probably announce 25% tariffs on canada and mexico by february 1st, canadian stocks that trade here in the united states are actually flying, not flopping. canadian pacific railroading we've got that up nearly 4%. king raz gold jumping 3.33%. shopify having a move of 2.6%. brookfield corporation, which is a real estate investment trust, nice move there of 2.6%. and canadian natural resources up 2.33%. but look at the dow win winners on the dow 30 heat map before president trump makes that infrastructure announcement in the next hour. now, this seems pretty obvious and it's happening, 3m and pat caterpillar -- caterpillar top toing the dow. 3m, that's a 3-year high, and caterpillar up 3.5%. 3m, which just boasted a doub

you got competition from huawei, you got this holdover of when apple intelligence does come to the iphonesthat the chinese government needs to approve. so it is going to take a lot of work out. >> seems like not the immediate growth engine. steve, thank you very much. as we head to the close, the s&p 500 is still down, just about a quarter of 1%, though up off the afternoon lows. we do have one day left and that so-called santa claus rally. that started with that right no. that is going to do it for "closing bell." we will send it to "overtime." >> that is the end of regulation. statement arts ringing the bell. the stocks giving up early gains and finishing in the red to start the year. we saw apple lows, 100-point swing. energy, utilities and the chips. that is the scorecard on wall street, but the action is just getting started on this first trading day of 2025. >> will tesla's rally hit the brakes in 2025? shares falling after the company

spent last year, about 60% of bytedance's domestic chip order would go to chinese suppliers such as huaweiill be spent on nvidia chips that have been reconfigured to comply with u.s. export controls. as for tiktok's future in the u.s., president trump says he is open to elon musk or oracle chairman larry ellison buying the social media app if either billionaire wants to do so. the president addressing tiktok yesterday. listen in. >> the deal i think is this, and i've met with owners of tiktok, the big owners. it's worthless if it doesn't get a permit. it's not like, oh, you can take the u.s. -- the whole thing is worthless. with a permit it's worth like a trillion dollars. so what i'm thinking about saying to somebody is buy it and give half to the united states of america, half, and we will give you the permit and they will have a great partner, the united states. >> and, frank, president trump signed an executive order monday delaying enforcement of the u.s. ban on tiktok for 75 days. >> a very different public/private partnership if it does come to pass. >> totally. >> very different. u

having competitive issues in china, right, where they've had to lower their prices to compete with huawei and other -- i was in europe last summer, they are cool phones. >> did you grab one? >> i like that one. they've got issues there, and there are questions about how well this latest phone is selling in the u.s., and whether it's going to -- >> yeah, headline risk, without question, it is great to have you, tyler, your legend will only grow in retirement, but i'll say this, if you think about the things that i got wrong last year and clearly there were many, but passive investing, don't realize the magnitude until you start to see the numbers. a trillion dollars made their way into etfs and mutual funds last year. apple wins to this. they're in 487 etfs. 410 of which apple is one of the top 15, 1-5, holdings. apple will almost by definition go higher, but that doesn't mean valuation makes any sense. you're talking about a company that was a growth company nine, ten years ago. it was trading at a ridiculously cheap valuation, it was trading in the low teens. now that it's become sort of

again, nine tablets for just $7 is try friday plans.com super goo super goo huawei. >> baby is that you? supergirl. supergirl. oh! hey, baby. >> what are you doing? fan mail friday. this is a great question from lael. i don't know about that. what do you use? that's old school example checkbook registers. i don't know what that means, but you know what? you know what he's talking about. harold, do you have something that, like, you know, i got a buddy, a dear friend of mine. >> we were going to be on a trip a couple weeks ago, and we ended up not being able to go, and we. i got on a boom box, which was going to be a little joke thing we were going to do on the trip. and i kept the boom box out. and i now use i now put cassette tapes and stuff i hadn't listened to. >> where'd you get the cassette tapes? >> oh, they're back cassette tapes. >> i still have tapes. it was in a in a box in my in my apartment, and it sounds great. i mean, you still got to go over to it. you got to. >> you know what's amazing, judge? there was one time i thought i was asleep, and i heard one of my favorite song

and as you roll out that technology you pull out huawei out of those networks as well.ll dominate because of the political policies or because the companies no longer trust the chinese technology? dan: it has taken a while for europe to get there. the u.s. started got -- started going down that path years ago when we had president trump's first term. europe is catching up to that and that should help u.s. tech companies where we might not have the lowest-cost product but hopefully it is a little more secure and alignment. lisa: we have a lot to talk -- jonathan: we have a lot to talk about in 2025. we have a lot to talk about a little bit later as well. bloomberg's ed ludlow setting down with jensen huang live. lisa: how many leather jackets do you think he has? jonathan: maybe it is crocodile leather on it and not was glistening in the lights. if you notice that? lisa: i think these are the important questions. you know, i think it sort of is trendsetting. this is what mark zuckerberg is doing with his necklace and t-shirt. jonathan: you can wear whatever you want when

could other chip companies in china could huawei is this going to be a commoditization story where this is about finding the least common denominator, having a model that's good enough to do some kind of a job and doing it for a 10th of the cost of what's being anticipated right now. >> and to. >> that point. >> look, i'm playing in the super bowl next to saquon, the same chance that they spend 6 million. so the point is like it's my view that like this is much. bigger than i think they're talking in terms of ultimately the hardware and actually the build out i can tell you from hundreds of companies in terms of what they're willing to spend it. those nvidia chips, that's the new gold or oil. i'm not saying there's not going to be alternatives. amd and others that will come, you know, competitive wise. but i just think the. street is taking these numbers and going with it. and i can tell you someone has spent basically the whole weekend checking with across silicon valley vcs. i just think the market's getting it wrong in terms of where this is going to where this ultimately is headed.

. >> there was a lot of discussion about huawei building people's telecommunications systems. >> wellnity or in a state or in a city, and you want to spy on those telecommunications and you want to take them down during a national emergency, you have that ability. tiktok is not that different. >> if we were at war over the issue of taiwan and china wanted to spread misinformation across the united states about the nature of that conflict or what was at risk, or, god forbid, emergency preparedness messaging, it could be devastating. >> and for a lot of young people, they get a lot of their news from tiktok alone. >> so really giving that amount of power to someone who is not typically our friend and could well become an adversary in the future, is deeply unwise. >> yeah. i'd like you to talk a little bit more about the manipulation factor here, and how the algorithm could be, in theory at least, tweaked to change public opinion. >> so, for example, you know, we've had the war in ukraine, we've had the war in gaza. >> and if you ask a 16 year old, how much content do you see about the w

when gina raimondo was in china, they unveiled the huawei phone. right. so there's a lot of stuff with the friction between china and the united states that they want to show, hey, we have this up on you. we can still do this better than you. so there's a. >> lot of infighting. >> but what. >> we haven't talked about is does trump, where he started with tariffs, forgot about the tariffs. did those come back in. >> now where now. >> you get the markets focused on something else. so it's the shell game of the market. let the dust settle i made a purchase today. i think that i think that things got overdone. >> so again i think i would. and you asked about nvidia and i didn't i think gave you an answer to that. i mean there are two ways to interpret it is something that's up three and 400% entitled to pull back 15 or 20, not to personify the stock, but that's the expression. and the answer is yes. the question is, is it weakness to take advantage of or weakness to stay away from? right. and there are two types. my hunch is that the downside is to 100 nvidia.

this is just a commercial deal for huawei. this is a way for them to ingrain themselves in telecommute occasions in these countries and establish themselves as the leader of 5g. now all of the other technologies that depend on 5g, they will all have to be drawn to the standards set by huawei. that's not because an international organization set it up, it is because the established market dominance and it is a concern we have in multiple parts of the developing world and the global south. >> i very much look forward to working with you on deploying the full toolset that allows us to compete in the global south, including the developing finance corporation, something senator corker and i lead on this committee. i know you see the potential for it. as i come to the end of my time, i have worked hard with senator graham to get two different bills assigned. the global fragility act which presses the department of defense, department of state to have a common strategy in fragile states. we have really struggled to effectively implem

discounts on the latest models in china as it has rising competition from the domestic rivals there like huawei the crypto trade later this hour. >>> for now, though, let's get economic data that just crossed the tape and rick has that for us. rick? >> we are expecting a number up 0.3, and it comes in unchanged, and how does unchanged fit in? unchanged equals where we were in july to find a lower number you go to june of '24 when it was minus 1.1. we have seen construction come back from some of the june lows. seems to be slowing a bit baseded on this data. in terms of the manufacturing, i do not see that yet and we will come back and let you know when we get those data points. sara, back to you. >> thank you. >>> jobless claims, more signs of stability and good news in the job market. so the number of americans filing for initial jobless claims fell 9,000 last week, 211,000, and that puts it at a multi-month low and speaks to the fact that businesses and employers are holding on to their people. continuing claims, and i also wanted to highlight, is a gauge for people continuing to be on the un

and that government let, let huawei into telecommunications grid. yes, they need foreign direct investment, financing and the like, but there is also some wariness of what china does once they are there. rush: thank you. i want to turn to michelle know if we could. the broader question of, africa has a lot of different perspectives, so it is difficult to say how does africa view the china-russia relationship? related to that, there is some description in the report suggesting that we are seeing states that benefit from chinese assistance over russia in the u.n., so we are seeing this triangular coordination across international institutions. how do african countries in general see the china-russia relationship, are we seeing influence by one power benefit the other? michelle: you are right, of course, there is always a diversity of views. broadly speaking, for most african governments and societies, these are two very distinct partners. both have long histories on the continent. china offering is much more robust in terms of what that partnership ca

term, we had a lot of work we were doing on behalf of the laws that were passed to make sure that huawei was not a part of getting taxpayer contracts. that will be a trend we will continue and we will be working with you on any new laws that are put forward, and looking closely at the statutes already in place. sen. ricketts: thank you. i have run over my time. you also have very cute daughters and i am glad they are here today. chair graham: senator van hollen. sen. van hollen: thank you. good to see you. we are just a few days into the trump administration and already seen a huge gap between what candidate trump ran on, which was helping working men and women in this country, and what he's actually focused on. including recently pardoning people who had been convicted of assaulting and bludgeoning police officers. including an executive order that stops ongoing initiatives to reduce the costs of prescription drugs. including, as we heard today, a renewal of a tax plan that disproportionately benefits the very wealthy and the biggest corporations at the extent of other americans. as we

that pushes apple now to third behind vivo and huawei. >>> and dow's united health just reporting. coming in with earnings of $6.81 a share. that is 9 cents better than he can o -- expectations. that is below the estimate. united health is affirming the revenue guidance for the year. that stock is down 3% as the knee jerk reaction with the numbers. >> if you don't use the adjusted. you have to do the full year for 2025 adjusted and the fourth quarter because it was down in the fives. >> $29.50 for the view for 2025. >>> coming up, earnings and economic data on today's agenda. the squawk planner is next. we're coming right back. >>> if your income dipped in 2024, don't overlook this tax break. earned income tax credit. the amount depends on income, filing status and whether or not you have children. it's a refundable credit. go to irs.gov to see if you qualify. for cnbc, i'm sharon epperson. this is steve. steve takes voquezna. this is steve's stomach, where voquezna can kick some acid, heal erosive esophagitis, also known as erosive gerd, and relieve related heartburn. voquezna is

will this trump administration look like when the biden administration looked into huawei, will they that playbook and look at additional restrictions? they are already in place for hardware and software. how far they go in terms of trying to carve out space? annmarie: i'm sure a lot of those hardware proposals are being drawn up. when it comes to the tech cold war, how much does this challenge the notion that china is years behind the united states? tom: on the reading of horowitz and others who have looked at this model and stress tested it, i have played around with it, each step you could pose questions about china you get nothing. china is able to innovate and iterate on the back of western technology. they have done that with tiktok and the fact that it became the leading social media app and electric vehicles, the challenge that poses to the european industry. when it comes to ai and models, china has the skills, engineers, particularly systems engineers. they have the data and they are able to build and iterate, innovate on western technology. that is a catch up many have not