we have ambassador carla hill, she was a u.s. trade rep under president george h.w. and this is a fox business exclusive. ambassador hill, great to have you on the program. >> nice to join you. susan: we have to explain the memorandum of understanding. not like we haven't signed them before in china. how significant, in your view, is this? >> i think that if they make progress, it is significant and step by step, you get to the end of the road. so i congratulate them for what they have be able to accomplish. i hope the chinese team coming next week will move it forward and we will get on a more compatible playing field. susan: parsing through president trump's rhetoric as well, ambassador, it seems the market is picking up the fact he's giving us wiggle room on march 1st. is that something you would take away as well? >> i hope that if they don't quite have the deal done, that he extends the truce that we have established so that we can get a deal done. the tariffs are really hurting our workers and our exporters, and we want to stop that and begin to build a positiv

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coming up later, an important conversation, carla hills, more than opinionated on trade.te of trade, as we heard last night, that in the 8:00 hour. this is bloomberg. ♪ ♪ cehic with tomra keene. -- as disney works to become a major player in streaming tv, soaring sales at abc helped the company beat analyst estimates last quarter. his knee warned this year will be tough -- disney warned this year will be tough. met blocks and of bloomberg intelligence joins us. easing the shift for disney? is surprising, but their number one priority is direct to consumer. yearplus and sometime this disney plus will bring in core disney content. once they completed the 21st century fox acquisition, more context -- more content as well. it will be the platform for disney plus so i think they are confident about the future. nejra: well investors be just as confident? buthew: i think they are they are recognizing it will be a big year for them to adjust, a big acquisition, and to get disney plus off of the ground. questions on how that will affect their licensing revenue, so a transitional y