government about a similar kind of approach because if it works for nokia and ericsson it should work for a while way you've become the bogeyman in in that respect to abuse my words carefully about the scary chinese company even though as you're pointing out and have got ties actually to a chinese government's company and you become almost a scapegoat well as i mentioned a number of government official said it's not about the company it's about the country the u.s. is deeply concerned about china and the rise of china economically and militarily in the u.s. like the world better when the u.s. was so it alone as a powerhouse economically militarily so these issues about market access for example and tariffs those issues are very important and so we seem to be use being used as sort of a bargaining chip in a way as part of those china u.s. trade talks and we don't want to be a bargaining chip because the china government doesn't speak for us and we don't want to speak through the chinese government so you've mentioned a trade war if i think that might have been in your very 1st down so

government about a similar kind of approach because if it works for nokia and ericsson it should work for a while way you've become the bogeyman in in that respect to abuse my words carefully about the scary chinese company even though as you were pointing out that have got ties actually to a chinese government's company and you become almost a scapegoat well as as i mentioned a number of government officials said it's not about the company it's about the country the u.s. is deeply concerned about china and the rise of china economically and militarily in the u.s. like the world better when the u.s. was stood alone as the powerhouse economically militarily so these issues about market access for example and tariffs those issues are very important and so we seem to be use being used as sort of a bargaining chip in a way as part of those china u.s. trade talks and we don't want to be a bargaining chip because the china government doesn't speak for us and we don't want to speak through the chinese government so you've mentioned a trade war if i think that might have been in your very 1st

government about a similar kind of approach because if it works for nokia and ericsson it should work for a while way you've become the bogeyman in in in that respect. my words carefully about the scary chinese company even though as you were pointing out and have got ties actually to a chinese government's company and you become almost a scapegoat well as as i mentioned a number of government officials said it's not about the company it's about the country the u.s. is deeply concerned about china and the rise of china economically and militarily in the u.s. like the world better when the u.s. was sort of alone as a powerhouse economically militarily so these issues about market access for example and tariffs those issues are very important and so we seem to be use being used as sort of a bargaining chip in a way as part of those china u.s. trade talks and we don't want to be a bargaining chip because the china government doesn't speak for us and we don't want to speak through the chinese government so you've mentioned a trade war if i think that might have been in your very 1st down

what it has about 30% of market share at the moment was up nokia and ericsson and samsung, they are allr company is displaying impressive 5g invention this is not a zero—sum game, by any means. speaking of trade disputes because india's prime minister and arranger modi is at the brics summit. the country pulled out of a trade partnership which is said to become the world's biggest trade pact. no arranger modi and xi jinping expected to talk trade when they meet? —— narendra modi. expected to talk trade when they meet? -- narendra modi. that is what they would like to do but they will be the elephant in the room. janet would certainly want to —— china would certainly want to —— china would certainly want to —— china would certainly want to because it has been pushing for more access to india markets and that is something india markets and that is something india has been resisting and that is one of the main reasons india also walked out of the negotiations when it was coming to the trade talk. —— the trade agreement. india has been wanting to give more —— india's thinking is that if the

nokia and ericsson. burberry.i burger is focused in on -- thomas, let's go to the telecom equipment makers. >> cisco posted weaker than expected earnings. this is something to look at for nokia and ericsson. they are different companies, but close enough to look at. nokia's terrible mark three weeks ago, this suggests there may be broader challenges. anna: interesting stuff. burberry. the headline is out -- the headlines out of this particular luxury goods company. >> there are some encouraging signs. held up well in the first half. in spite of the hong kong protests. the collections are finally in the stores. the message remains cautious for the third quarter always because of hong kong and the protests. anna: absolutely. absolutely. that is something we focus on daily. ini: already trading up 11% trading. thermo fisher sciences is considering a bid according to people familiar. other bidders could emerge. these will not necessarily lead to a purchase of the molecular testing company, but their american deposits

are lots of european telecommunication operators that buy won't play very happy with it while way ericsson and all the others are providers and i am simply saying that at some point in some part of our network it's an issue of sovereignty so on the top piece without targeting any company the state must have a say european states must have a say that's completely normal the same way china has a viewpoint on the technology of. global markets are hopeful that the u.s. and china will reach the phase one to trade deal by the end of this month but will it be enough to relieve these economic tensions for more we bring in professor of economics at the university of massachusetts amherst richard wolffe richard thank you so much for being with us today let's dive right into this president xi jinping is scheduled to travel to brazil next week now this is seen as the next possible chance for him to travel to the united states to sign that these one deal but as bret mentioned earlier a source close to the matter is saying that it might be too soon is it. yes but i think there's more going on it could b

determine whether a product is worthy is trust why do you think the china government lets nokia and ericsson compete and win contracts in 5 g. in china against chinese company they obviously must believe and i've never spoken to them they obviously must believe that competition is critically important to help keep the prices down help keep the innovation up and they help provide additional security and resilience in the products and the chief security officer huawei us i thank you so much for talking to al-jazeera we do appreciate it you're welcome. my injections of the world beaches and the sports of squash. from some of the top players in the south. it's fun to watch us play that because we focus on skilful and hard challenging shots. all just their own world examines why egyptians dominate the sport egypt squash champions on al-jazeera. it's all this muslim undertakers working here is just 7 days a week that's grown with a community my father purchased a black and blue smoke started to do the funeral in london and really we saw it stopped being part of indonesia and became business partne

greater than today. 5g networks are expected to cover 40% of the population by then, according to ericssonn is not if you will get 5g but when. just get ready for a lot of controversy along the way. juliette: that was just one of the many quick takes you can find on the bloomberg. you can also find them on bloomberg.com, along with all the latest business news and analysis 24 hours a day. that will be all for "bloomberg best" this week. thanks for watching. i am juliette saly. this is bloomberg. ♪ beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. ♪ taylor: this is the best of bloomberg technology, where we bring you all of our top interviews from this week in tech. coming up, disney plus, the company surpassed 10 million sign-ups in its first day. we

instead companies like ericsson, no caps and the chinese for huawei are rolling out five g mobile internet in many parts of asia and europe setting new standards along the way. five g is being developed. this would not matter if we lived in the world underpinned by globalization and free trade. but it does matter when we experience a technologically driven trade war a major feature of which is of china and as a result we are at risk of falling behind this is a change with five g to provide the speed what is needed by the self driving cars and robots and drones to transform our economy enable physicians to perform surgery on patients on the other side of the world using extended and tactile reality enabling them to feel what is going on. and as i recently saw during a demonstration at the wembley stadium in london five g will offer 560 degrees sports coverage in real time which will completely change the way we experience life sports the technological and geopolitical standoff with the speed and breadth and depth of innovation at worst it could reverse the globalization of products many of

>> nokia and ericsson likely to be in focus today.t for the year missed analysts expectations. a large cloud tighten cut their orders. we don't know who exactly that is. look for the europeans to fall. matt: thank you all for joining us. you can get the latest stocks toys from our team. you can also get the first word news by the bloomberg mobile app on your phone or tablet. coming up, it is the market open. futures are pointing higher on the continent. this is bloomberg. ♪ anna: about one minute to go, it is friday. and what's going on with china? on the one hand, coming in better than expected, but then lower expectation on the trade deal leaving the equity markets stronger, waiting for numbers later today. no doubt, jobs later. will it be another weak one? we will talk to hsbc about bond markets. and this is a little bit more sluggish, oil prices slipping in the last minutes. we talked earlier about how the commodities market is responding more to concerns around global trade rather than to the more positive signs. it seems we are

house fracking activities after a report found it was impossible to forecast the probability of ericsson turning red. it was impossible to forecast the probability of earthquakes linked to such operations will bring the full story after this. operations will bring the full story after this. eh eh eh. eh eh. eh eh eh. look. look what we've got to do it was. so what we've got to do is identify part of the threat by state that we have right now it's so crazy foundation pigments cleta b. and his arms race on sunday should let it be an arms race has been if this is on all sides series premiere at a drive in from a holiday looking to move to sleep well i'm looking to only really i'm going to the diseases east i'll see how that suggests restaurant that it's untrue will be successful very very critical to the guy i'm talking. to sit. down. and tom. marx knew you could government has announced a moratorium on fact back in the. government it was just another angle a moratorium on fracking the controversial gas extraction technique this link to work quakes and other environmental issues we've alway

with us about the traditional kinds of risk mitigation measures that, for example, allow nokia and ericssoniness in the united states, despite their deep ties to china. they can do business in the united states because they are subjected to agreements. we would like to talk to the u.s. vermette about lessons learned from that and our experience in -- we would like to talk to the u.s. government about lessons learned from that in our experience in germany. tracy: on that note, you used to work for the u.s. government, i believe in the bush administration as a cybersecurity expert. do you think the trump administration has overstated the security threats that huawei poses to the u.s.? mr. purdy: i think some of the government officials have stated forthrightly that it is not about the company, it is about the country, it is about china. the u.s. government has concerns. but as the former head of public safety and homeland security for the fcc that will take that vote, the u.s. should not be distracted by this conversation. sophisticated malicious actors with full herbal networks can hack into

. >> the question, even if we do this rip and replace, ericsson and nokia transfer most of the routers in the people's republic of china. if we are concerned about vulnerabilities, they are just as open. my question is, given all those warmer abilities, given the hackability of anybody by anybody, it seems when we look at these costs, talk about the vulnerability from huawei, the question has to be -- and we have safeguards to put in place. germany and the u.k. have said they may let huawei into the lease vulnerable -- least honorable parts of the system because they are confident they can wall these off technologically. -- typologically. it seems the unanswered question is, what is the marginal increase in the ease of hacking and access to the chinese government of huawei equipment as opposed to any other equipment? if that largely means hacking isn't that great, we're not talking about in or miss vulnerability from huawei, but these systems generally. it seems a key question, or do i have a clue about the answer? melissa: this is one of the reasons why there is more to worry about th

. >> even if we do this rip and replace, ericsson and nokia manufacture most of the transmitters, , receivers writs in the people's republic of china. if we're concerned about surreptitious installation at some of all abilities they are just as open. my question is this. given all of those vulnerabilities, given the imminent hacker ability of the systems made by anybody what almost anybody and this question about vulnerabilities that you phrase, seems to me when i look at these costs, when we talk about the vulnerability from huawei, the question has to be, we have certain safeguards in place, germany and uk are say they may let huawei into the least vulnerable parts of the system because they're confident that they can while these all technologically. given there some ability, not perfect to monitor, it seems to me the and asked question is, what is the marginal increase in the ease of hacking and access to the chinese government of huawei equipment as opposed to any other equipment? because if the marginal increase isn't that great, then we're not talking about enormous vulnerability that c

. >> what one of the two of you knows the answer to this but even if we do this rip and replace ericssonia manufacture most of their transmitters, receivers, routers in the people's republic of china. over concerned about surreptitious installation of some vulnerabilities they are just as open. my question is this, given all those vulnerabilities, given the eminent packet ability of these systems made by anybody by almost anybody in the question about vulnerabilities that you raised, it seems to me when we look at the cost and we talk about the vulnerability from huawei the question has to be in certain safeguards we can put in place germany and the uk are saying they may let huawei into the least vulnerable parts of their system because they are confident they can wall these off technologically. given there is some ability, not perfect, to monitor, it seems to me the unasked question is what is the marginal increase in the ease of hacking and access to the chinese government of huawei equipment as opposed to any other equipment? because of that margin increase needs attacking isn't that