andy purdy ready to punch back against the white house's latest snub. what is it about huawei that has the u.s. so concerned? "the claman countdown" will be right back. every year, our analysts visit thousands of companies, in a multitude of countries, where we get to know the people that drive a company's growth and gain new perspectives. that's why we go beyond the numbers. t. rowe price. invest with confidence. that's why we go beyond the numbers. [ fast-paced drumming ] and now for their service to the community, we present limu emu & doug with this key to the city. [ applause ] it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. and now we need to get back to work. [ applause and band playing ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ liz: did you hear about this? the white house today announcing a 5g fiesta that will draw a gathering of the who's who in the telecom world. >> i think we are working carefully, closely with nokia and ericsson. we will be holding som

government well to clear this all up and more we're now joined by always chief security officer andy purdy thank you so much for your time we're very excited to dig right in but i want to start with these latest allegations that while we install these back doors into equipment for the 1st time the united states is saying that they have proof have you or wall anyone from always been presented with any evidence was interesting the u.s. government says that the declassified the information so we welcome the opportunity to see what the evidence is but we really have to look at this in the broader context of the ongoing geo political dynamic between the u.s. and china the u.s. has some major issues with china and right now the u.s. wants to hurt china so badly that they're going to hurt america in trying to her way and that's really a shame it is and right now the trump administration is trying to move forward with these chip regulations to block shipments from the world's largest contract chip maker taiwan ts and c. and that's always one of big always biggest suppliers so it's all even prepare

are to see new york artie's boom bust spoke to walk away usa is andy purdy who notes the u.s. has been spying on the whole world for years not least while away itself you can watch the full interview on r.t. dot com but for now here's a quick preview. it was interesting the u.s. government says that the declassified the information so we welcome the opportunity to see what the evidence is but we really have to look at this in the broader context of the ongoing geo political dynamic between the u.s. and china the u.s. has some major issues with china and right now the u.s. wants to hurt china so badly that they're going to hurt america in trying to hurt while away and that's really a shame you look back some years ago when i brought snowden revealed information about the u.s. program prism and about the 5 year campaign of the u.s. government to spy on operation shop giant where they monitor it all while we network for 5 years and could not find any improper communications and in the prison program they found that the u.s. government used for example cisco equipment to spy aroun

what can really benefit the united states and if they do that that's great well thank you so much andy purdy chief security officer at walk away technologies usa we've learned a lot today and hopefully we could that we've been able to tell the audience and the average viewer what wall is about and all those important questions and we'll see whether or not this chip manufacturing band moves forward because again that trumpet weren't sure of trump will sign off sign off on it but we will keep up the development thank you so much and you're welcome thank you for having me well that's it by this time you can catch boom bust on demand on the brand a portable t.v. available on smartphones the google play and the apple app store by searching for both t.v. or streamers to your t.v. by dowling the t.v. ad on apple t.v. and online. that part on the t.v. he will be available on more devices. plus the next time. join me every thursday on the alex simon show and i'll be speaking to guest of the world of politics sports business i'm showbusiness i'll see you then. is your media a reflection of reality. in

our ability to share information with you period end of story earlier this week we were joined by andy purdy the chief security officer with wildly technologies usa and he had this to say about why the u.s. has been advocating against the telecom giant. the u.s. is worried that china wants to take over the world so the u.s. a basically pushing back and part of this is related to the trade talks phase one so far but other phases perhaps will will come about so the u.s. is basically trying to hurt china in terms of the compared. of race rather than concentrating on how to help strengthen the u.s. which has the best technology the best innovation in the world but is not on a pair to really drive forward and continue to increase if you miss the interview be sure to check it out on the portable t.v. app or youtube dot com slash boom bust our teeth joining us to discuss this story is who are for rich board member of the british american business association hilary thank you so much for being with us today because now 1st off i want to go talk about this because the u.k. is going to eventually get

and what can really benefit united states and if they do that that's great well thank you so much andy purdy chief security officer at walkway technologies usa we've learned a lot today a hopefully we could that we've been able to tell the audience and the average viewer what wall weighs about and all those important questions and we'll see whether or not this chip manufacturing band moves forward because again the trump weren't sure of trump will sign off sign off on it but we will keep up the development thank you so much and you're welcome thank you for having me well that's it by this time you can catch boom bust on demand on the brand impossible t.v. available on smartphones the google play and the apple app store by searching t.v. to your t.v. by downloading the portable t.v. app on apple t.v. and online a horrible t.v. t.v. will be available on more devices. next time. the atlantic alliance the bedrock of the post world war 2 global security order is slowly but surely unraveling more and more often washington in brussels by virtue of important foreign policy issues today europe has a

. >> and maria bartiromo interview with huawei chief security officer andy purdy, tomorrow at 7:30. >an they can payback? biggest increase in household debt since just before the financial crisis, is it time to sound the alarm? we'll debate that next. david: total u.s. household debt rising by 601 billion, dropping philanthropdrop 14trillion for . driven by large increase in mortgage debt that rose 43 billion, americans have increases their bar borrowing f2 second quarter, is that a bad thing. >> no. i don't think it is. >> that is the end of the segment. >> okay. >> i'm going -- i'm with zach, that is a lot of debt. david: the reason is segmenting, you read media they are sounding alarms. >> what is going on, asset prices are going way up, wealth of americans is rising faster than debt. and it goes to point, interests are low. now is a good time to be. >> service ratio the story behind the story, that is amount it cost to service or finance a debt that is, multidecade lows. if they have been crazy on debt side, service ratio, and interest rate costs are down that is time you should b

for hauwei who is coming in today to speak with us exactly about this, what's interesting about andy purdy department of homeland security under president george w. bush bush, he's the chief security officer at hauwei, of course, he says there's absolutely no backdoor spying and the u.s. has yet to provide any evidence that it's found surveillance and spying on behalf of the chinese but we are going to ask him, what's your plan, he may or may not tell us, hey, if you want the question asked come to claman countdown. charles: we want the question asked for sure and we will make sure to tune in at the claman countdown at the top of the hour. we will go to floor of the new york stock exchange, we want to find out what's making waves down there, plus capitalism under attack, coming up what bernie sanders and elizabeth warren are missing in their message next. when we started our business we were paying an arm and a leg for postage. i remember setting up shipstation. one or two clicks and everything was up and running. i was printing out labels and saving money. shipstation saves us so much tim

yesterday i spoke with hauwei's chief security officer before charges came out andy purdy and we talkedut the claim that hauwei chairs information in chinese government. there's back doors that allow data to go back to communist department, you have said over and over that it's not true, now we have confirmation from the federal government, your reaction? >> well, i think it's fantastic news that the united states have decided to declassify the information that they've been providing to our allies without being able to convince them, i would ask the u.s., please, release the so-called evidence, as germany said, they're not worried, they provide the equipment that's necessary for lawful -- we do not have access. maria: management chief investment officer scott martin, fox business dagen mcdowell and national taxpayer's union senior fellow ford strategist president mattie, great to see everybody this morning, thank you for valentine's desk. >> there's candy courtesy of muah. maria: the story on hauwei actually gets bigger, i asked him specifically about this, the fact that they had to set

i had and an andy purdy on the r day, the chief security officer at huawei who continues to deny theresaying i have evidence you guys settled with a number of companies because you stole trade secrets and there are back doors going right to the chinese communist party, right. >> anybody who comes from the software business or high tech byes knows there's front doors every few days. we talk to government officials and they say, hey, it's going to be so expensive to do this upgrade. we sign the deal. no back doors. we're just going to put them on the edge. it comes down to, maria, who do you trust? because there's the front door every day and by the way, also there's the national intelligence act in china that says any company, state owned or otherwise, or any citizen has to turn over any information proprietary technology, intellectual property, data or genetics to the communist party, the pla and the government upon request or suffer the consequences. maria: hopefully the corp. he brett sector understands this -- corporate sector understands this. and it's not the trailer right next to

maria: let me ask you about hauwei losing ground on 5g, where he had andy purdy, chief security officer, u.s. judge dismissed the lawsuit over 2018 law barring from doing business with federal agencies, the judge said in the ruling this, contracting with the federal government is a privilege, not a constitutional ity guarantied right as far as the court is aware, your reaction? >> i was surprised, i thought hauwei might win the suit, but nonetheless, this shows hauwei is going to get no break in this country. hauwei is lying to people, i'm happy is not winning court cases, whatever the constitution says. maria: chinese in general have been lying and they didn't tell world about the coronavirus until after symptoms and you could get contracted from it, did you see the article in "the new york times" about xi jinping admitting he knew on january 9th of coronavirus, he took early steps meanwhile they knew about it at the end of 2019, fine, january, ninth, that's an admission he knew before he sent huge delegation to washington to sign the china phase 1 deal and shake everybody's hand and l

joining us is andrew purdy we've had conversations about this, andy it does feel like we are now at anthe real question i have more than anything else is about the perception of huawei and what huawei needs to do not what the u.s. government needs to do and what huawei needs to do if it is to do business not just here in the united states but to change the perception in the west. >> well, i think it's two things we've seen some greater attention on one of those things, which is the impact of this campaign to carpet bomb huawei out of existence. the impact on america. i saw a tech leader on tuesday talked about huawei derangement syndrome accusing the trump administration of blocking exports, basically hurting american companies, nearly 300 american companies want to sell to huawei. we're talking 40,000 jobs. you talk about -- in the united states you talk about a lot of jobs on this program on cnbc generally, but the fact is i don't know of numbers that large that are impacted and there's no national security reason it's blocking the ability of us to export this technology and it's alr