you could get a huaway android for about 100 bucks in 2012. that positioned them as a low cost option for the most popular mobile operating system. then the company began in 2018 with plans to expand the u.s. footprint by partnering with at&t. but this plan was abandoned after serious push back from the u.s. government over security concerns. that's where this gets interesting. they were highlighted by a february senate hearing where six intelligence chiefs all warned against using phones made by huaway. they all voiced concern over the company's ties to the chinese government, that's something they warned allies about. american officials told allies the phones could be vulnerable to eavesdropping and stop using them. it is easier for americans to kick that huaway than allies. in europe, it is 31% of the mobile market. in asia, 38%, outstring competitors like noek -- nokia. according to "new york times," china will likely pressure canadian authorities to release the jailed executive and work to avoid u.s. trial. joining me, msnbc gadavid gura.

in vancouver the huaway cfo is due in court it is 11:00 a.m. on wall street. "squawk alley" is live ♪ ♪ >>> good friday morning. welcome to "squawk alley." i am carl quintanilla, contessa brewer is back at post 9, jo john -- jon fortt is here. we are outside the courthouse where the cfo is expected for her bail hearing morgan stanley chairman stephen roach is onset and byron wien joins us at the top of the half hour if that weren't enough, another price target cut on apple, this time from morgan stanley, following ubs. "squawk alley" has the analysts behind that note first, markets are taking a blow dow down 180 bob pisani has more. >> this is what makes everybody nuts, discussions on trade talks. we move the markets with larry kudlow's discussion. look at what's happening you go into the markets. markets open you have positive momentum on the jobs report. the sentiment is with us here is larry, comes on with us here and says comments that larry kudlow was typically make. for example, progress, get a lot done in 90 days on trade talks he would consider extendi

the chieif financial officer from chinese firm huawai.. has been arrested in canada.. and reports say the u-s is trying to get her extradited here. not only is meng wan-zou the cfo.. she )s the daughter of company )s founder. we )re not sure why she has been arrested - canada has not been forthcoming - but it may be an accusation that huawai is exporting american technology to iran. huawei has offices here in silicon valley. it )s the second largest cell phone maker in the world.. behind samsung. the arrest was saturday.. we )re only learning about it now. that was the same day president trump met with president xi. america is trying to restart negotiations with the chinese over trade. one of the sticking points.. is the use of american technology.. and corporate secrets. so this becomes a mystery. did the white house know the huawei executive was going to be arrested? is this part of a larger plan? or coincidence? wrap with scott so-- if you recall, earlier this week we told about cheesecake factory )s free cheesecake giveaway. it all sounded fun and exciting -- until

she is the daughter of huawai's founder. while trump's meeting with xi jinping focusesed on trade, it s uncleaear if the two leaders discussed anotother major issuen china. the united nations and a number of human rights groups have accused the chinese government of setting up large re-education camps in the far west xinjiang province to hold an unknown number of ethnic uygurs and other muslims. some estimates put the population at the camps up to 2 million. on wednesday, u.n. human rights high commissioner michelle bachelet requested permission to visit the camps. >> we have been asking -- i think i mentioned to you before, for direct access to the region to be able to check and verify the reports we are receiving. we have also offered technical assisistance to the governrnmenn addressing threats posed by viololt extremism. in a way to sort of enensure the protection of human rirights. engage china on this pressing matter. amy: after months of denials, the chinese government acknowledged the existence of the camps in octobe

> brennan: today we heard from beijing they h demanded some answers about this question regarding huawai and one of their top executive who was taken into custody in canada at u.s. request. how is all of this going to impact the talks that you're leading? >> well, it's my view that it shouldn't really have much of an impact. i can understand from the chinese perspective how they would see it that way. that is a criminal justice matter, it is totally separate from anything that i work on or anything that trade policy people in the administration work on sore for us it's criminal justice. we have a lot of very big, very important issue, we've got serious people working on them and i don't think they will be a fact by this. >> brenn trump offered that, i guess, comfort to president xi has he talked to him after the cfo was taken into custody. >> not that i'm aware of. >> brennan: from beijing they have direct interest in this company, and the warning they're going to be consequences, many are wondering if this adds up to a threat that it could impact the talks? >> it's entirely a criminal j

and china spoke by phone after the huaway cfo arrest, you take that. >> we'll take it for now it is anle that the market will trade on different news on the trade side today it is great, may not be great tomorrow >> what's your take on this. how constructive do you read it? >> talk is better than no talk, no question about that if you're a professional investor in particular, today is a perfect example why you have been pulling out your hair the last couple of months. you have news on china in the morning, a major ceo of a technology company testifying in front of congress, you know, you have a brexit vote there's a number of things it makes it more difficult to think about stocks fundamentally. but the backdrop is that the consumer is in good shape. >> that being the case, there have been times the market is perfectly able to shake off all of the policy stuff, all of the noise on trade, budgets. i wonder if it is because now what is in front of us in terms of fundamentals is a slowdown potentially at least how do you play that >> right now we see the economy in 2019 good enough to sup

brand, so subject to cultural backlash over the trade war, including treatment of the huaway cfo.n if those specific products, the phones, are not band in china now, the heat has been turned up on apple you could argue in this qualcomm patent dispute with that decision >> yeah. feels like they have a bullseye on their back. it is 10 to 15%. but ultimately if you look at growth, that's 20, 25 incremental growth we continue to think this is more you have to parse it out between ios 12, i think it is older models nonetheless, this is a major white knuckle period not just for investors but apple as they navigate through the tail winds of that. at one point they were seeing, now they turned to head winds in china. >> a lot of stocks and the overall market figuring out when the bad news is priced in. apple is down 2% on this news. it is a little bit of ambiguous impact but what does it tell you about positioning on apple and valuation of apple you have a big up side to the price target at this point >> so look, that's the billion, trillion dollar question around apple, is the stock inex

the cfo of chinese tech giant huawai over accusations she helped invade iran sanctions.he may intervene if it helps with trade talks, essentially saying, yeah, she might be a bargaining chip. but while the president may get involved there, he is still pretty hands-off when it comes to saudis crown prince and the murder of jamal khashoggi. when asked by reuters about the cia's assessment that the prince, mbs, ordered his death, trump says he's standing by salman, calling saudi arabia a great ally. and today u.n. ambassador nikki haley broke with her boss on this issue. >> i think we need to have a serious, hard talk with the saudis to let them know, we won't condone this. we won't give you a pass. and don't do this again. so we sanctioned 17 individuals. we have to have some hard conversations. and we have to figure out what accountability looks like. >> and just finally, there is one more thing clearly on the president's mind, whether he will be able to stay in office. trump seems pretty confident, saying you can't be impeached if you don't do anything wrong. and then he

in vancouver the huaway cfo is due in court it is 11:00 a.m. on wall street.ive ♪ ♪