>> i'm not defending hauwei. the people listen to what i say is i'm promoting a safer cyberspace just asdy when i was in the white house staff helping to write the national security for cyber security. we need a more comprehensive risk management program and stronger congressional oversight and more funding and we need goals, objectives and milestones so we can assess progress and find out when there is failure and prioritize how to work together. that is what i'm saying. i' saying trust anybody because it is no longer trust but verify under president reagan, it has to be trust through verification and the ome products are worthy>> wt do you take for u.s. and chinese relations to improve? lowehe escalating. i hope china will not bar apple and they will not create the list that the u.s. -- and we're seeing mixed messages in the world and sometimes you wonder whether there are two people in the world playing three dimensional chess with china/u.s. relations. we have to calm down and have a clear-eyed focus and effe

so hauwei is a very serious issue. think this is going to be resolved this weekend. >> senator, i don't know how much of the debate you got to see last night but there is a narrative we hear from people that are pro business, that one of the reasons the economy is doing better now, whether it's the economy, gdp, is that the obama administration, that may be overstating, but had according to rick santelli had their boot on the neck of corporate mortgage that was the eight-year narrative. the boot is row moved. now things are happening like this last night we saw two boots are being proposed to go back on the neck we just had a supposed republican pollster on who said that will resonate with at least democratic voters. is that a winning issue that if you were a ceo, that a winning issue to go hard against corporate america? that's what they did >> we'll find out. here's the problem, i've never seen so many people out of touch with reality what we saw last night is a dramatic move to the left toward socialism and the only

earlier this month, china launched an investigation over fed-ex over hauwei packages being delivered wrong address. >>> air canada is investigating how crew members overlooked a sleeping passenger and left her on the plane. the airline says it happened earlier this month after a flight to toronto. the woman says that she woke up alone on a dark and cold aircraft. he tried using a flashlight to signal someone from a window. no one noticed her. she finally managed to unbolt a cabin door and yelled to a ground crew who helped her off the plane. they said she was in contact with a passenger. retailers are selling goods and services celebrating the lbgtq culture for pride mopth. they range from macy's same sex wedding registries to digital billboards in new york's time's square. in some cases, proceeds are going to organizations helping the lbgtq youth and others fighting for the rights of non-heterosexuals. >>> and "toy story 4" dominated the box office over the weekend. >> this is a little strange. we all have to make sure nothing happens to forky. >> disney and pixar's latest installme

that is an indirect reference to the hauwei situation. be interesting to hear in osaka.the fed under pressure from inside and out. james bullard explains exclusively why he floated for a rate cut this month. >> if you think the conditions are right today, the today. ceo says trade is just the first battleground in a global political struggle. .alaysia's president up next, more of this week's top business headlines. turkish president demanded a do over in a local election. the move clearly backfired. >> it is a significant point in to6 year rule for the man, have lost the city. taylor: this is bloomberg. ♪ taylor: this is bloomberg best. let's continue our global tour of the week's top business news with the u.s. government putting more pressure on chinese technology companies. last month, u.s. firms were barred from doing business with tech giant huawei. this week, there were further developments and that ongoing story. >> the u.s. has put five more chinese tech firms on a trade .lacklist what we know about this? entities included for chinese companies as well as a resea

you've likely heard the name hauwei and you know american intelligence agencies

the president in the uk speaking on tariffs and brexit hauwei we have beenwalk watching the scene on london, hey, littleem. >> reporter: the weather is not keeping the protesters away. there were a few hundred of them outside downing street as the president crossed over, you could hear the boos and the jeers president etty clearly n. terms of what he and prime minister may talked about, trade seems to be atop the agenda, saying he saw a potential with the uk teresa may pointing out that has to happen after brexit which is currently scheduled for october 31st hauwei came up in the conversation because the president said he expected there would be an agreement between the u.s. and the uk. he saw in the future there would be no limits on u.s. intelligence sharing with its long-standing british partner. in terms of brexit, he said that's something that should and will happen. prime minister may will no doubt be relieved to hear that, since she spent so much of her capital to get the deal over the finish line thus far has been able to do so. the successor will be making it happen one of t

the problem they was 12% from hauwei which is now blacklisted. not their fault but still hurts. worse before it gets better they do apple business and i'm worried that could be a liability. last night tim cook told cbs he doesn't think they will target apple but i'm worried about the united states will a -- and our president doesn't [ inaudible ] and that is why with a ton of exposure to china has become suspect even as i swear by liam griffin as a great ceo but what could the ceo do about a customer like hauwei on a presidential blacklist plus i'm betting that the chinese economy has gotten weak. and that is still better than being blacklisted but not good the only american company i think is doing fine in china is [ inaudible ] and that is about what you would expect to a slow down and including china in the selfie generation. the issue is this -- who are your customers mark benioff of salesforce talked about how some clients are worried about tariffs but that is forcing them to step up the digital spending to protect the flanks and when the ceo keith block said 20% the enterp

is going hell for leather against hauwei in 5g, russia has accepted china's hauwei to build work over. this is getting complicated. and the president will -- believes that he negotiates from a position of strength with tariffs. so the market is absolutely expecting this 5% to come on monday. it would have to take a miracle for it not to because the president wants that additional leverage from the weakness of the other side. >> do you want to talk about that? >> this is a gamble. richard is right. >> which part -- the tariffs on mexico? >> yes. but the problem is this is a big gamble. we're talking about what was the biggest trading partner to the united states during the first quarter of this year and because of all of these concerns that we have about the tariffs already in place on china, about the retaliation, this is really going to deal a blow to the u.s. economy. and the risk is that it ends up turning into a severe slowdown or a recession which could cost more than 400,000 jobs. >> the president, though, doesn't see the u.s. consumer as paying the cost. >> right. >> he's looki

also revealed he would allow american tech companies to sell equipment to the chinese tech giant hauwei president trump had to say. us companies can sell their equipment to huawei. we're talking about equipment where there is no great national emergency problem with it. but us companies can sell their equipment. we have a lot of the great companies in silicon valley and based in different parts of the country that make extremely complex equipment — we are letting them sell to huawei. huawei is very much in play in terms of our country and in terms of intelligence and the intelligent community. we know a lot about huawei. but i don't want to mention that right now. i think it is just inappropriate. i will say that we are not making it, other than what i told you already, we are not making it a big subject. we're going to save that for later. president trump held talks with the chinese president, xijinping, in an attempt to deescalate the trade war between the world's two largest economies. here's how he summed up his meeting with president xi. we had a great meeting. we will be continuin

he may release a statement over teresa over hauwei. this is a sticking perspective. the u.s. wants the uk to do less business with this chinese company with hauwei and that is going to be a msage that president trump has said he will deliver to teresa may. more broadly when he talked ability ttrade,re are real question marks. you and keir have talked about this extraordinary chaos in th uk. at the end of this week, teresa may will no longer be the leader of the estori she will remain in name only until a new prime minister is elected. it's mucharore a c taker role. she in essence after friday loses the power and authority she has had. one of her last acts will be this meeting with president events his series of this week, which puts a pin on the fact that this is such a itical time for the president to be here. he wants a bilateral tra deal between the u.s. and the uk. until the uk can work out its own deal with the eu as itwh to get out of brexit, there will be question marks whether president trump will be able to get that done. it is more likely he has to hold off until th

release of intelligence information threatens to upset that relationship as does the conflict with hauweis to decide whether it will follow the u.s. lead and declare it and its equipment non grata in patrioten as it builds out a 5 g network. and that's a contentious issue because it could effect the willingness of americans to share with the brits if they go a different direction. so that's all important. i wonder if all this is upper most in president trump's mind these days or if he is thinking of comparing this visit to the one that president obama was able to make. he is always comparing himself to obama. obama got to stay in buckingham palace. i wonder if those aren't the issues upper most. >> thanks so much. we'll be back in london visiting with you tomorrow. coming up, pressuring pelosi. house speaker nancy pelosi interrupted by cries to impeach during a speech to california democrats. you are watching andrea mitchell reports on msnbc. e watching anl reports on msnbc. free shipping. you get everything you need for your home at a great price, the way it works best for you, i'll take

almost half of their revenue was linked to china last year, with hauwei in particular accounting for sales. it is a major supplier of chips to apple. how much does this have to do with huawei and china at large? >> this company is in the crosshairs, arguably the best example of a company based in the u.s. that is part of this global supply chain, even stuff they are selling that isn't going into the china market and staying there, coming here is going to europe. this is them saying the worst case scenario is absolutely true, and by the way we have this giant customer that isn't ordering anymore because they can't. >> open for trading at $36 per share. it's another leg higher, up 17%, raising more than $1 billion in what was already an upside offering. a very successful ipo. >> they grew by more than $1 billion last year. how do you intend to grow that? how do you intend to keep up that pace? investors will be looking for that. >> our active customers spend more and more the longer they stay with us. our private brands are getting healthier. we have a lot more to do, a lot more custom

but part of that ceasefire was the president now agree to let hauwei to buy -- if president trump iserse recent sanctions against huawei has made a catastrophic mistake. no one will ever again take them seriously. turns out this is true. how concerned are you? >> i'm very concerned about huawei. >> so the president made a mistake? >> i knothe president is a deal maker. he's working on this. i would not allow them into our country. he's making decisions about what our country and comp an kz sell over seas to huawei. to me they would be like a trojan horse ready to steal more information. >> you don't even want this then, what the president did you believe is a mistake? >> i believe the ceasefire with trade with china was important. we have product in wyoming. we want to sell over soos in terms of energy, and beef. -- >> but this trojan horse is now back. is that worth it? >> the president said that would boo the last can discussion point of the discussion on trade. let them work through the other parts off this but to me huaw, i should not be in the united states. >> so doesn't it con

time for rapid fire and today the contestants will take on tim cook, hauwei and the weather kate rogers, john fort and contessa brewer. apple ceo tim cook taking yet another swipe at the tech industry in a commencement speech at stanford university. suggesting silicon valley needs to take more responsibility for some of its actions. listen to tim cook >> it feels a bit crazy that anyone should have to say this but if you've built a chaos factory, you can't dodge responsibility for the chaos >> wow so, john fort, what has gotten into tim cook lately where he is going after, i assume, the googles and the facebooks of the world. >> this is aggressive even for tim. apple has sign in with apple and it has an alternative to what other companies are using and maybe he's just trying to drive that home more and more. i mean, this software is coming and it's going to be available in just a few weeks. and for some people, it might be a selling point. >> is this really about continuing the market message of we sell privacy, we don't sell you. we don't sell your data. we sell a phone and a service.

are you prepared to impose intelligence with britain if they do not put in place restrictions on hauwei? >> no, we have an incredible intelligence relationship and we will be able to work out any differences. i think we did discuss it. i see absolutely no limitations. we've never had limitations. this is a truly great ally and partner and we'll have no problem with that. okay. >> frances. >> mr. president, from the "times" do you agree with your ambassador your entire economy needs to be on the table in a future trade talk, trade deal including the nhs and prime minister you threatened to stick around a bit until a trade deal is done? >> i think we're going to have a grade trade deal, yes. i think we will have a great and comprehensive trade deal. i can't hear him. >> look, i think everything with the trade deal the on the table. when are you dealing on trade, everything is on the table. so nhs or anything else, a lot more than that. but everything will be on the table, absolutely. okay. >> but the point about making trade deals is, of course, that both sides negotiate and come to an ag

relationship, then special relationship, and trade, climate change, and iran, on chinese technology company, hauweif tomorrow's political discussions. at westminster abbey, a moment of solemnity, as the president later ruth at the tomb of the unknown warrior. 0ver president later ruth at the tomb of the unknown warrior. over the years, so many american and british soldiers have been comrades in arms. although there was time for the president and the dean of fifth cathedral to share a joke. next stop was tea with prince charles at clarence house, hopefully to be a fly on the wall during that conversation. then back onto the emptied streets of london, a president seeming to be enjoying day one of his state visit. john sobel reporting for us there, just watching a line of cars starting to form at the main gates to buckingham palace, all of the security checks going on at the moment, as people make their way into the state banquet. and johnny diamond is here. let's bring in our royal correspondentjonny dymond. rights, go on. give us all your fa cts rights, go on. give us all your facts about the state