it feels like with the top administration, while way is the target -- hauwei.ems like being directed at something with more state ties like hauwei other than xiaomi. emily: these companies are taking market share from apple is selling apple in china and even as the chinese smartphone market plateaus. how bad is it for apple in china? michael: i don't think it is terrible. i think the expectations that people had were quite high. things are now coming down to earth. a big issue apple is facing is that people are not buying new phones after holding a phone. it used to be they would have a phone for a year or two, but now people are getting more used to the phone they have. the newness has worn off. chinese people are moving towards buying local brands, but for apple, it is a major global structural problem, and it is not just the china issue. emily: see you don't think it is just a brand issue in china? >> i think it is more than that. emily: let's talk about this trade issue, talks resuming next week. how optimistic are you with this new twist in the story. appl

the wall streetjournal talks about the alleged theft of trade secrets at hauwei. —— huawei.uawei's accused of copying. bbc news online among many covering a landmark food study. scientists say they've found the right diet to save lives and the planet. and fake news has made the real news, after this mocked up issue the of the washington post was circulated in the us capital, claiming donald trump had quit. it was so realistic the newspaper's pr department tweeted readers to beware. with me is alpesh patel, who's ceo of praefinium partners. dk it for closer ties with europe, andi dk it for closer ties with europe, and i have to say actually it has got lots of different articles throughout the paper. —— softer brexit, closer ties with europe. yesterday, when i was at westminster, people were telling me that the plan was rejected this week was possibly the hardest... since we're talking about brexit, we just lost about half a million viewers. cani lost about half a million viewers. can ijust lost about half a million viewers. can i just be lost about half a million viewers. can

he also denied hauwei aid to the chinese government espionage.regular contact with beijing. a couple of quotes we got from him from this group interview. he says i love my country, i support the communist party, but i will not do anything to harm the world. he also played down hauwei's role in the trade war and stressed cooperation with the united states and the trump administration. he says in his estimation, huaw ei is only a sesame seed in the trade conflict between china and the united states. we are hearing from the attorney general nominee of the united states, william barr. this is what he had to say about china. paramount economic and military rival in the world. i think they are a very formidable because they take the long view. they have been stealing our technology and have been gradually building up their military power. and investing in new technologies. i think from a military standpoint, it is very disturbing how much progress they are making. stephen: tougher words from william barr. the china-canada relations. a death penalty, dr

one on the trade sanction violations, bank fraud, wire fraud against meng, the cfo, as well as hauweisa. all kinds of details about the way huawei hid and lied about its relationship to its subsidiary that was doing business with iran in violation of these trade sanctions. this is something u.s. official told us they take very seriously. they don't name the bank but there was a bank also involved. trade violations against iran are a very big deal. on the other hand, you have this intellectual property theft. this idea that huawei executives were stealing trade secrets from t-mobile u.s. this is the big wireless carrier in the u.s.. including literally lifting parts of a robot, the fingertip of a robot that they were trying to use to copy u.s. innovation. shery: we know about huawei's huge phone business, the telecom equipment business. we are also hearing about chips potentially and surveillance cameras across the u.s. how pervasive are their products within the united states that people are worried about? tom: yeah, i mean, these chips are in something like 60% of the security camera

alistair: if the ideas true, you have android-based phones from the likes of hauwei and those types ofpanies. qualcomm is the major provider of any type of company making an android phone. if indeed iphones are being shined for whatever reason in china, that could indeed bode well for injured phones and for qualcomm as well. emily: you have tim cook on cnbc defending apple saying he thinks the apple ecosystem is underappreciated. he is someone you don't hear from often. what do you make of the fact that he is out there trying to tamper this bad news? alistair: i think the decline in the shares quite shocked investors, and i think the revenue miss was quite a shock too. he has to get out and defend the company for sure. perspective,ting apple is doing very well, very solidly. haveig question i always is that a lot rides on the new services and apple has not proved that any service, like apple video services, will do better than netflix. emily: in the meantime, samsung is indicating the rest of the year will be better as new smartphones launch. also, this year we watch the rollout of 5g.

in the blocking hauwei committee.he committee concluded national security was threatened by huawei's failure to improve its devices and software. india said to be considering a plan to transfer cash to farmers, instead of offering subsidies for farm products. the modi government could spend almost $10 billion combining all subsidies into a single annual cash handout. the plan comes after the ruling was defeated in polls last month. india faces a general election this may. global news 24 hours a day, powered by more than 2700 journalists and analysts. this is bloomberg. paul: thanks very much. the international monetary fund with a forecast of the global economy as trade tensions deliver the weakest expansion in three years. watching this is our global economic editor kathleen hays. she had a look through the reports. this is the second downgrade in three months, so what is the biggest driver? kathleen: well, certainly, one of the very biggest drivers is the slowdown in europe. it looks like it is going to be led more

attend the two-day meeting, yesterday the trump administration announced pair of indictments against hauwei, justice department also charging with conspiring to violate u.s. sanctions on iran. and the china story continues, folks, shares of envidia are lower, expects much weaker sales thanks in part with china's slowing economy and caution that sales of processors that are used in video games pc's would be disappointing, chips for video gaming account for more than half of their business, they lost half market value since hitting peak, goldman sachs had to come out warning that a lot of the chip companies that have massive exposure to china are going to have really rough reports, even resorts, the casino company has got big china exposure. maria: for sure. the very latest coming up. and then a disaster for howard schultz. having a rough time exploring a 2020 presidential run as he gets heckled, we break it down right after this. maria: welcome back, live from washington, we are eyeing 2020, former starbucks ceo howard schultz facing backlash last night on first stop of book tour, first publ