brian, back over to you. >> deidre bosa, thank you very much take care. see you soon >>> all right.p next, bitcoin or bust we put bitcoin's big drop into perspective. when you hear it you'll be the smartest person in the office today. >>> later on, the best story of the day. an atm goes nuts in texas. starts throwing out hundreds the bank says ep iket. that story an more straight ahead. ♪ ♪ (buzzing) gather new insights, leave your data protected on-site, and put it all to work with ai. the ibm cloud. the cloud for smarter business. >> we don't believe bitcoin is a security many icos you see and talk about, they are securities if you're going to offer and sell securities you have to do so in compliance with our laws we've been clear about that. the recent actions further emphasize that our securities laws do apply to the ico space if people are going to raise money using initial coin offerings, they have to do so in a private placement or they have to register with the s.e.c >> that was jay clayton talking about bitcoin regulation late yesterday here on cnbc now the cryptocurrency f

to talk about the chinese technology landscape and how that fits into the american landscape >> deidre bosathank you very much >>> all right. still ahead, trading in and investing around the g20 meeting. what all of you need to know ahead of this weekend's high stakes summit in buenos aires. >>> we have a lunch -- look at that we have a lunch alert for you. if you're on the radio, this is a burger king sandwich that has so much cheese it can only be described as g hg good news. and trust it never fell into the wrong hands. ♪ ♪ this is a shipment transferred two hundred times, transparently tracked from port to port. this is the ibm blockchain, built for smarter business. built to run on the ibm cloud. >>> president trump stepping up his attacks on the fed chief will jerome powell respond when he gives a major speech later today. >>> countdown to g20 everything that needs to be on your radar ahead of a high stakes summit in buenos aires. >>> and on the record, bmw's ceo talking everything from luxury cars to the trade war. we'll bring you his comments as "worldwide exchange" fires up right n

. >>> cnbc is hosting its first ever tech retreat in china and deidre bosa joins us now with a specialllo. >> good morning. that's right i'm joined by jim breyer, breyer capital. welcome area >> we've been talking about it the last few days. you've been to china about seven times this year. so you know it well. what are you hearing on the ground when it comes to rising tensions ahead of the g20 meeting this week? >> i think there's real apprehension about what a deal might look like. so i think that there are concerns people are hopeful that some trade deal becomes important both from a product and intellectual property standpoint as well as the tariffs but most of the people here and most of the people i talk to are more in the free trade camp. so there is concern. >> it's interesting to be here at a tech conference because it feels like tech companies are being used as a bargaining chip. what are you hearing from china versus in the u.s. are you hearing similar concerns >> well, i think big tech in the u.s. would like to see the china market more open, would like the ability to see t