with us now is daniel rosen of the rhodium group.alking about the manufacturing slump we are seeing around the world but china is also feeling the pressure at the moment. pmi numbers earlier this week. have tons of data on china, most of it telling us that things are going just a little bit better than expected. there are sos, many indications that we can see that things are not going as smoothly as that. credibility of chinese data right now is not something that anybody is having a good night sleep based on. gdp numbers, they continue to report nothing changes. whereas, if we look at physical activity, we see things bouncing all over the place. pmi, individuals are supposed to have a better point of view on these things, but everyone knows that the 70th anniversary is a special date, and now is not a good time to be expressing your doubts about how things are looking. things don't feel all that great to us. we have these projections from the world trade organization about the growth of trade globally. it doesn't look good, versus r

that was daniel rosen, ormer of the rhodium group speaking with mike mckee.sung posted quarterly beat estimates. there was strong demand for the south korean's company smartphone. samsung was helped by the debut of the new iphone 111 pro. samsung's uses digital display screen. u.s. states , probing facebook over advertise and competition met with top on j. antitrust officials monday. we have the story next. and if you like bloomberg news, radio.s out on the you can listen on the bloomberg app, bloomberg.com and in the sirius x.m. this is bloomberg. ♪ taylor: we have some news crossing the bloomberg terminal is that the white house is that president trump will not participate in impeachment probes. again the white house saying president trump will not participate in impeachment probes. we will bring you more headlines come.ey now on monday, new york attorney the top etisha james, antitrust officials in ashington to discuss a multistate antitrust probe into facebook. they raced the prospect that the the federal join investigations similar to the way states coll

daniel rosen, he is the founder of rhodium group says there will be collateral damage to other companies. he spoke with mike mcgee at a conference in denver. daniel: this is affecting those companies, the ability to maintain their financing, their contract relationships, their place in other people's supply chains. there are hundreds and hundreds more companies that have similar profiles one way or the other, they're also thinking about this could spill over to them. there is a fairly hefty chunk of high-tech activity here that's been implicated by this move and i think it's going to take a little while for people to sort it out, but it's going to create some collateral damage i think here. like one major drone manufacturer that was interestingly left off the list, but for the most part it's covering most of the names people thought might be pulled into this. mike: how does that affect u.s. companies? do we see a spillover effect? can they replace the business? i understand that also they can use overseas subsidiaries to go around the sanctions? daniel: folks have been doing this in the