today huawei saying in a filing with the fcc the reality is huawei is an independent privately own businesshat is no more subject to the control of the chinese government than american companies are controlled by the u.s. government still this proposed rule comes as huawei finds itself in the hot seat along with other chinese companies as trade tensions continue to heat up between washington and beijing u.s. is set to impose tariffs on $34 billion worth of goods from china tomorrow fcc says the comment period for this rule is over. no hard date when a formal and final vote will take place guys, back to you. >>> coming up former u.s. trade representative and lead negotiator of nafta, ambassador carla hills is with us as u.s. tariffs on china are hours away of going into effect her take and more "squawk alley" right after this break duncan just protected his family with a $500,000 life insurance policy. how much do you think it cost him? $100 a month? $75? $50? actually,duncan got his $500,000 for under $28 a month. less than a dollar a day. his secret? selectquote. in just minutes, a selectq

you suck huawei components in the u.k..e seen grace -- greece and full -- and romania actually bring in huawei, so i think there is a split. you will see european companies be very concerned about the same security etc. -- concerns, so i think there is a split and china work on that. they could say let's get the highlight that hardliners from telecommunications markets. ramy: why is it easier for huawei and its peers to gain access? they don't see it like a national security risk, or is the white house making too much drama? christopher: there is actually very valid national security concerns by zte and huawei both. why huawei was so welcomed into the u.k. when they are a very valid national security concern. with these companies are linked these companies are linked to. it was hard to say what was going on in the british regulators' minds. ramy: thank you so much. now for a look at the stories trending across the bloomberg universe. one of the most read stories on the terminal, why a $139 billion australian fund is buying

telecom makers is not to be used when it comes to the equipment.of huawei huawei pushed back, saying communities of the u.s. would be hurt most, because huawei is able to produce at a lower cost than its competitors. they are pushing back against this proposal from the fcc. it underlines the concerns from chinese tech companies and their market share in the u.s.. ramy: when you hear the name huawei, critics will point out there is a closeness to the chinese government, and some might go so far to say espionage. the company says it is private and independent. to what degree is that true? value,he surface face that is true, it is a private company. it operates in a private capacity. this is china. these companies, whether it is huawei or alibaba or tencent, or not free from pressure of the chinese government. it does happen in various ways. huawei set up by a former people's liberation army general. say, we are a long way from that. they would say they are a private enterprise, purely focused on market strategy and the most competitive products. ramy: thank you very much. just ahead on

pushing back against a filing with the fcc, who is considering on banning using subsidy funds for huawei. again, a pushback from the chinese company in the latest round of a tit-for-tat in the trade conflicts between u.s. companies and chinese companies, in this case between a chinese company and the u.s. government. finishing high for the second day as investors digest that investor path between the coalition in germany, boosting european shares on the euro against the dollar. investors also chairing that maybe we have a line in the sand when it comes to the one against the dollar comments from chinese policymakers, but the stoxx 600 rising on the tuesday session led by events in france, the cac 40 in france, up by 1.1% and the dax in germany up .9. lots to tell you about. anniversary,10th years, from the day the ecb raised rates ahead of the global financial crisis. it pretty much ended that a few months later given inflation started coming down and the damage to the global economy from that. i thought it would look at what happened then and now because draghi was on the governing coun

the -- the political controversies and huawei is in.merce department zteally lifted the ban on purchases. they deposited $400 million in escrow. the final part of an overall fine of $1.4 billion. they have also replaced their senior management and allows u.s. inspectors to work inside its operations as part of the agreement. ramy: we are watching the credits roll at the end of an era. there is one blockbuster story and all of america. the company has closed the two remaining alaska stores. that leaves one independent one in bend, oregon. there were more than 9000 blockbuster branches worldwide good most of the corporate owned stores closed in late 2013 as blockbuster struggled with the rise of netflix. you can watch us live and see past interviews on the interactive tv function. you can also dive into any of the securities or bloomberg functions we talk about and become part of the conversation by sending us messages during shows. this is for subscribers only. check it out at bloomberg tv . that is all most it for daybreak australia

the charges relate to google's android operating system used by phone makers including samsung and huawei e.u. officials say forcing manufacturers to preinstall apps like you tube and google maps in exchange for enabling the download of other android run ops amounts to unfair competition google maintains its within its rights to set preconditions for the use of its services competition authorities reject that argument in the company of marginalizing its rivals. in this way google has used android as a vehicle to cement its stubborn ends as a search engine these practices they have denied rivals a chance to innovate and to compete on the merits they have denied european consumers the benefit of effective competition and it's very important more was fair. the ruling comes a year after edu antitrust regulators fined google two point four billion euros for unfairly favoring its own shopping service. google won't have trouble finding the cash to pay its fine the company reportedly hold several tens of billions of euros in cash reserves but being forced to change its business model could hurt t

the charges relate to google's android operating system used by phone makers including samsung and huawei e.u. officials say forcing money factories to pre-install apps like you tube and google maps in exchange for enabling the download of other run ups amounts to unfair competition google maintains its within its rights to set preconditions for the use of its services competition authorities reject that argument again using the company of marginalizing its rivals. in this way google has used android as a vehicle to cement its stubborn ends as a search engine these practices they have denied rivals a chance to innovate and to compete on the merits they have denied european consumers the benefit of effective competition in this very important more was fear the ruling comes a year after each trust regulators find google two point four billion euros for unfairly favoring its own shopping service. google won't have trouble finding the cash to pay its fine that company reportedly hold several tens of billions of euros in cash reserves but being forced to change its business model could hurt th

that would put question marks over government contracts with zte and huawei over security concerns. negotiator michel barnier has ruled out allowing the uk to collect customs duties on its behalf, a key uk proposal for post—brexit trade. he said the eu would not delegate "excises duty collection to a non—member." both he and uk brexit secretary dominic raab said progress had been made in talks but "obstacles" remained before reaching a deal in october. and now what's trending in the business news this morning. 0n forbes: on a bad day for facebook stock, mark zuckerberg's net worth plunges $15.4 billion. it says wednesday's earnings disappointment saw him drop from 3rd to 6th on their global rich list. 0n the wall streetjournal — papa john's founder takes legal action against pizza chain. john schnatter was ousted as boss after using a racial slur on a conference call. that is where we will leave the business reefing. —— briefing. here in the uk, police have appealed for help to catch a man found guilty of killing a woman in a speedboat crash on the river thames. jack shepherd, who's

charges relate to google's android operating system used by phone makers includiding samsung and huaweieu officials say forcing manufacturers to pre-install apps like youtube and google maps in exchange for enabling the download of other android-run apps amount to unfair competition. google maintains it is within its rights to set preconditions for the use of its services. eu competition authorities reject that argument, accusing the company of marginalizing its rivals. >> in this way, google has used android as a vehicle to cement its dominance as a search engine. these practices, they have denied rivals a chance to innovate and to compete on their merits. they have denied european consumers the benefit of effective competition in the very important mobile sphere. reporter: the ruling comes a year after eu antitrust regulators fined google 2.4 billion euros for unfairly favoring its own shopping service. google will not have trouble finding the cash to pay its fine. the company holds several tens of billions of euros in cash reserves. but being forced to change its business model could

david: speaking of access, i have to ask you about while huawei.his was a proposal to telcos in the u.s. from using a government subsidy to buy and zte. from huawei zte said it would not be lawful and it would be rural communities in the u.s. impact, saying telecom makers are reliant upon its equipment, which they say is cheaper and of quality to provide that equipment that is needed to wi-fi and the to rest of it in rural communities. there are increasing concerns around the national security risks, as some lawmakers see it in the u.s. when it comes to these chinese companies, but huawei pushing back and the sec mulling where it goes from here, but it is a proposal to ban the sales using this federal subsidy. david: thank you. tom mackenzie life out of beijing. breaking news out of malaysia, najib charged as part of these 1mdb investigations. court.live in facing charges connected to them missing billions at the 1mdb investment fund. joining us live to tell us more about the developing story, our reporter is joining us now. what else can you tell

. -- huawei.ancis accepts the resignation of a prominent us cardinal following allegations of historic sexual abuse. final campaign rallies in zimbabwe ahead of the first election since robert mugabe was ousted as president. hello and welcome to the programme. tens of thousands of people have fled from raging wildfires across north america. firefighters say they are struggling to contain about 130 separate major blazes. almost 40,000 people have already left their homes in the city of redding. those remaining are being urged to leave immediately. thousands of firefighters are battling the blaze which has killed five people and destroyed hundreds of buildings. the fires here have burnt more than a8,000 acres. 0ur correspondent, james cook, has more. even by the wild standards of rural california this fire is exceptional, driven by galeforce winds, the blaze was so intense it created tornadoes of flame, uprooting trees and hurling cars aside. that's a home i believe, some kind of structure could be

huawei, the world's third—largest smartphone maker, says its revenue in the first half of the year wase chinese company said the boost was thanks to a solid performance across its smartphone, telecoms equipment and business services. heavy equipment maker caterpillar says it bumped up its full—year forecast after reporting record second—quarter profits. the company is especially vulnerable to trade tariffs and will be one to watch to see how us businesses are being affected. earlier this month, caterpillar raised prices to offset the rising cost of materials. loads of results for you today and many more we have not fit in the programme on the business live website. but we will talk about samsung. it has issued its latest figures. samsung electronics has reported a 0.1% dip in profit for the second year, compared to the year before. it's blamed that on slowing sales of high end smartphones which dented demand for its flagship galaxy devices. but the chip unit keeps thanks's head above water. katie silver is in singapore. a real mixed bag when you delve into the numbers about what it tel

government buying phones and other equipment from this company or another chinese company called huawei technology company. another thing they did on the same front is the process for monitoring foreign investment in u.s. companies has been expanded and strengthened so that more kinds of transactions, including by countries such as china, will be reviewed as part of this process. host: the house also had some procedural problems with the bill earlier this week. your recent article on the bill has this, house resolved ndaa snag. moves toward passage. what was that procedural hang-up? john: it gets pretty arcane, pretty obscure pretty fast. it has to deal with a revenue racesing ish -- raising issue. there was a jurisdictional issue. basically they edited one sentence and fixed it. but because they altered the conference report, they had to basically file a new version of the conference report. a few other spelling changes and what not. it was a minor issue that cost a couple of days just on the rule for proceeding to the bill but it has not delayed final passage. host: and finally, how d

. -- huawei.us cardinal following allegations of historic sexual abuse. final campaign rallies in zimbabwe ahead of the first election since robert mugabe was ousted as president.

we had sanctions reinstated on huawei andlike whil others. that will be a big point of contention with the trump administration. >> i think that is a pretty conference of list of some of the more consequential issues. the funny thing is, sometimes the inconsequential issues are tangential to defense, that can gum up the works. for couple appears we watched as protection or the stage grass grab. the last couple of years, we have watched as protection for thistage graft have caused agreement and delayed the resolution of the conference. energy and ranching interests, that would like to no the -- see that there be protections for the stage graft. it has been linked to military issues, and it is kind of a? . the senate armed services mccain, hashn typically fought against its inclusion of th in the bill, and stic standing up to him is jim mhoff, who has a different philosophy and environmental issues. so i think that is a big question mark for us. >> the reference this in your question about the joe crowley race, they have it within their party a

rior does just this by helping customers figure it out and we will look at specific axamples with huaweijc motor trying to move into the global market. but you have to wonder if there is paralysis i some of the companies. that is to come over the next couple of hours on daybreak asia and this is it on daybreak australia. frome: we are live bloomberg's asian headquarters. i am yvonne man. welcome to "daybreak asia." asia-pacific markets to open higher after financials gave wall street a lift. a lot of attention turning to the bond market. google's parent may give tech a boost. improving at business. -- ad business. kathleen: i am kathleen hays in new york. pushed the u.s. has been around for too long. china rejects the president's

a filing with the fcc the reality is that huawei is an independent private business that's no way innese government than it is by u.s. government with the u.s. set to impose tariffs on $34 billion worth of goods tomorrow, the fcc tells us there's no vote yet on when the final date would be proposed to impose the new rule. >>> we have just over 12 minutes left before the close, and we are up 155 points on the dow the high of the day was 199. but certainly it's been a positive day for markets the nasdaq up a full 1%. and tech and staples all sectors out performing up next we'll get the latest on the oil markets and whether the cartel will listen to president trump. >>> plus, toys-r-us, why is amazon reportedly taking a page from the their play book that later on "the closing bell." let's get started. show of hands. who wants customizable options chains? ones that make it fast and easy to analyze and take action? how about some of the lowest options fees? are you raising your hand? good then it's time for power e*trade the platform, price and service that gives you the edge you need. al

revealed more details about the extensive relationship with 52 hardware and software makers, including huawei apple. what more did we really learn about those dealings? arah: whenever i read facebook disclosure, you can go through all the questions. remember a time when they didn't have to talk about this. when i was reading through the 747-page document, you can look at the list of device manufacturers they put out and question to yourself, with a have done that if not for the news -- would they have done that if not for the news reports about those partnerships. the extended friend data access for some developers past 2014 rule change -- would they have done that if not for the "wall street journal" story about that behavior? it's important for congress and us to keep asking questions. err onebook is trying to the side of transparency now. [no audio] selina: sarah frier, los angeles. thanks for stopping by. that does it for this edition of "bloomberg technology." i'm selina wang in san francisco. this is bloomberg. ♪ >> wall street returns from the independence day break with a strong advan

eu regulators may also require google to amend contract terms to allow samsung, huawei, and lenovo toapps. paul: jetblue is making a $5 million bet on airbus, ordering 60 new a220'. they are going to replace older aircraft, which jetblue currently uses on short hops. the new planes can seat up to 60 more passengers than earlier models and airbus claims the flame burns 40% less fuel. ramy: warren buffett backed the is going to lease electric buses. it is partnering with generate capital to supply battery-powered public transport across the country at an investment cost of $200 million. despite america's slow interest in electric vehicles, the venture has already sold buses in three states to facebook and stanford university. paul: we are almost done for daybreak australia, but you are sticking around with daybreak asia. let's have a look at what is coming up. yvonne: the latest on the trade war with the u.s., now looking at $200 billion of chinese goods to slap tariffs on. we have been talking about whether the markets are pricing this end. also coming at a time when the president just

there will always be competition, whether we talk about xiaomi, huawei, other brands.a lot of competition out there bring. emily: despite the market saturating, despite apple's own iphone sales potentially plateauing you are still , optimistic. why? >> we are. apple services are growing. when you buy a new apple phone people are doing in app , purchases on games, on purchases, as well as buying applecare. emily but it will never outpace : hardware revenue. >> you car -- you are correct in terms of total. but in terms of units, we think they will grow single units. the surprise will be on the trailing model, the iphone 7. in india and in china, not so much the iphone x that you and i have in the u.s. brad: that was emily chang speaking with jim suba of citigroup. coming up, back to tesla's newly released production figures. why hitting this much lauded gallstone -- milestone could be a double-edged sword. and bloomberg technology is livestreaming on twitter. check us out at technology and be sure to follow our breaking news network at tictoc on twitter. this is bloomber

there will always be competition, whether we talk about xiaomi, huawei, other brands.lot of competition out there. >> and you do have a new note out on iphone pricing. despite the market saturating, despite apple's own sales are potentially plateauing, you are still optimistic. why? >> we are. one thing is to note that apple services are really growing. when you buy a new phone, people are doing in-app purchases on games, on purchasing. as well as buying apple care. >> but services revenue is never going to outpace hardware revenue. >> you're correct about the total amount of company. but in terms of units, we think they will grow low single units. the surprise will be on the trailing model, the iphone 7. in india and china, not so much the iphone x. brad: that was emily chang speaking with jim suba of citigroup. coming up, back to tesla's newly released production figures. why hitting this much-lauded milestone could be a double-edged sword for the car maker. and bloomberg technology is livestreaming on twitter. check us out at @technology and be sure to follow our br

ally and we have all seen the backlash against huawei and zte.me, how much of game changer is 5g compared to 4g. i don't know. edwin: if you are a power user, mobile gamer, dream a lot of a lot of videos, it will make a significant difference. it allows a whole new class of apps on your smartphone that right now, 4g something -- simply cannot support. rishaad: softbank with a new app to help drivers find a parking space anywhere in japan. smart parking will show free spot that drivers reserve and pay through a mobile device. will have cameras and magnetic sensors to monitor cars as they enter and leave. softbank is looking to work with companies looking to rent out space and a trial version will start next month. revealing plans for a new fighter that would compete with a plane being developed by france and germany post-brexit. the project would potentially decades of cross channel military cooperation in the united kingdom, teaming up with aerospace companies in asia. a demand for warplanes is rising. the credit throw at the end of an era, at no

that google isn't allowed to tell them to do that and more so you may have the likes of samsung and huawei deciding that continuing on as before makes the most sense at them so really how much this will significantly change google's business is kind of questionable because one thing is well people don't really know what alternatives are there are two android all as well there's not much out there. operating systems go you are left over anymore you don't really have windows on the street anymore toll so there's not much choice out there let's turn to social media now would you call social media seems split on this but firstly what google's competitors say yet those of the two camps right now on social media google's competitors obviously they welcome this decision they think it's the right one and we can start by showing you actually the response from yelp the company has been a big critic of google in the past and so they praised the move in this blog post saying that the e.u. commissioner has removed the straight jacket that google has placed on innovation with android and adding this goo

. >> caller: zte, alibaba, micron, and huawei what are your thoughts >> i think they're going to be able to navigate through this. the upside is cap, sir, right now. as is micron, one of the other ones that you mentioned. how about gary in new york, please gary >> caller: hey, jim, calling about snaps potential partnership with amazon. i think snap could be an awesome long-term investment can i give you my reasons? i think it's one of the only social media with digital identification encoded if amazon can link their products via the snap act, i think we'll see something revolutionary. >> look, snap, it's entirely possible that snap stock could go up a couple of bucks, but remember, amazon by the way is a 6% position from my charitable trust. i talked about it on my conference call today, fractionists.com club. why not just go buy amazon amazon price target 2600 i saw today. i just think they're best in show don't buy -- buy best of breed, not worst of breed zachary in virginia, zachary >> caller: hey, jim, it's my 27th birthday today in arlington, virginia. >> happy birthday! >> caller:

but i do not think it changes the fundamentals about what it takes for a business such as gac or huaweiompetitive. to be competitive, you have got to have a strongly anderentiated proposition you have to understand the markets you are looking to build your business and. you have to adapt and manage the way the brand delivers itself. you have to do that in a way that is appropriate. i do not think it is a different conversation than before, but it gives it's a nuance. kathleen: let's say, looking at zeawei trying to premiumi their brand, what is an example of how you work? jim: first, it starts with understanding what are the business goals that need to be achieved, who are the audiences you want to target, and what are the strengths and qualities within the organization that will be best deployed to hit that? we work with organizations to set strategy around how their brand shapes itself, how that might influence product strategy, how that might influence the way the brand , etc., across a wide range of disciplines, so we set out a strategy and help out organizations to organize itself

one of the others is huawei as they have been doing well with flagship products.hat would be a big jump because a phone from xiaomi is like $150 but the median price for apple is like $800. viva,g about competition, how does that give xiaomi a run for its money? bryan: to your point on the different price ranges, opo and vivo are in between xiaomi and apple. if you are moving from the lower end xiaomi phone into the midrange, not necessarily apple, but they could move into the opo and vivo range. xiaomi has developed products that come in at the premium range to not only entice users to move to those phones but demonstrate, we have got credibility and technology. we can do stuff apple can't including these screens and that. they are trying to, they are building products to get the users to keep them from going to vendors like apple or even opo and vivo, but that is why you have got guys like these companies doing quite well, particularly in india where xiaomi sells a lot of low-end phones. now users are getting ready to graduate over to a $200 phone from opo. yvon

rule of the charges relate to google operating system used by phone makers including samsung and huawei either.