for "nightly business report" i'm deidre bosa in china. >>> ale is looking to move a 15 to 30% of itsction outa of china to southeast asia. such a move would reduce its reliance on chinese manufacturing. separately, harley-davidson inked a deal to build smaller motorcycles in china. the bike will be sold in china and likely other asian markets as well. is expected to go on sale at the end of 2020. >>> back here, white house officials were on capitol hill to talk about another looming issue. at would be the debt ceiling, something lawmakers have to incrense so the gover can pay its bills and avoid defaulting on obligations. ylan muay joins us from washington tonight. here we go again. where do thtngs stand r now? >> reporter: well, we are certainly closer to a deal than we wer 24 hours ago. treasury secretary steven mnuchen alo with acting white house chief of staff nick mulvaney met with congressional leaders today. they're trying to do three things. not just raise the debt ceiling but make sure they can fund the government and avoid a sequester. ry painful, steep cuts to government s

/china trade fight deidre bosa went down and sat down with the ceo of huawei. >> clearly that blacklistnd what the u.s. is saying and doing against huawei is having an impact. ren earlier this week said it would hit the company's revenue by $30 billion. i asked him about this when we sat down he down played that number and told us $30 billion is not a lot of money to him or the company >> if 30 billion is impacted we can reach around 100 billion u.s. dollars the financial statement i saw in may showed we are still growing by 20% we expect to see some slowing of the growth, but we have not seen that yet we are making adjustments internally so we project there might be a slowdown but until yesterday's report i didn't see any slowdown. and we don't know what will be the growth by the end of the year but we believe the 30 billion u.s. dollars will be a small thing and we can withstand that. we're not a public company we don't attach importance to high numbers we focus on the performance, the quality of the performance >> now, he dug into more of the business as well he said in one month hua

. >> deidre bosa with the founder and ceo of huawei trying to argue they are less significant than they very important very interesting to hear from him though, carl i mean, they are sort of on a, trying to sort of make their case, certainly here in the u.s. importantly so not sure that they have a lot of believers in the trump administration obviously, we talk so often in terms of 5g, how it is viewed by the administration as not just an economic goal or a potentially a threat, but also national security as well. >> as lighthizer testifies on the hill about this topic, we will keep an eye on that. >>> dow is up 30 s&p is slightly red. >> carl, we are watching right now shares of oil companies as well as oil itself, they are seeing a spike still lower on the day this is on the heels of weekly inventory data from the u.s. government showing a draw of 3.1 million barrels of crude the expectations for the analysts 1.25 million barrels. a larger than expected reduction in crude stockpiles in past week in the united states again, oil is lower on the day you can see that bit of a spike there.

in a cnbc exclusive interview, deidre bosa asked the founder and ceo of huawei if he would pick up thep called him. >> translator: of course i would like to pick it up we can communicate and achieve cooperation, to achieve win-win because information market is very big we don't know how big can it be. let's work together to build an informed society we can all contribute because u.s. is still very leading in advanced and huawei will be only able to be leading in a very focused area however, on the wider scope the united states is still the leading one. so we should work together to build and contribute the information in society. >> and the big trade showdown happening next week when president trump is set to meet with chinese leader xi at the g20 summit in japan that sparked yesterday's rally and kayla tausche is here to talk about the trade and the trade front. >> good morning. >> great to be here. you know, we heard the president for the last week talking about his expectations for this meeting but not only has he said it is going to happen, but china is also confirming it. so that