that is , the point is that american sanctions against huawei primarily concern 5g.t the time of its introduction, the chinese corporation was the leader in this direction and belonged to it. every fifth year in the 5g sector , it was ahead of both nokia and ericsson in the supply of equipment to cellular operators. its 5g smartphones powered by erin's own processors were considered among the best in the world. but in 2019 in 2019, the united states accused huawei of using its 5g equipment to spy on americans and banned all companies that use american technology from collaborating with chinese corporations. this meant, among other things, the prohibited physical production of huawei's own chips in modern factories. smartphones in the usa have nothing and even supply huawei with a corresponding solution from the american qualco, as long as it’s not 5g. and this year, huawei suddenly released the 5g smartphone mate 60, which is still being disassembled in the usa on the components, trying to understand how this happened and whether someone from the outside helped. it t

the domestic chinese market greeted it with great enthusiasm, and huawei itself offered a smartwatchded with the phone. all in all, has doubled its success, at least in the home market. however, the same indian fairbal, which has broken its own records, also sells watches mainly in its homeland. on the other hand, according to analysts, in the middle of this year, more than half of all global smartwatch sales came from india and china together, 5%. as for the first two lines of the world hourly rating, that is, apple and samsung, this is now actually a confrontation between the two main smartphone ecosystems. in the twenty-first year, korean the company transferred its watches from its own tyzen platform to wearos from google, and announced the partnership right at the google conference. it was assumed that samsung would bring its successful watch experience to the wearable version of android, which had not achieved significant success in 10 years. but the synergy effect did not happen, the apple watch still occupies approximately half of the global ranking of samsung watches from ye

china produces high-tech products. he begins to fight it first of all, american sanctions against huawei are aimed precisely in this vein, but at the same time there was the foundation of new ones, a new basis for the further growth of the chinese economy, already according to an excellent model, not the same as it happened in previous stages of china's development over the past 40 years, for the next 10 years analysts are making more... more surprising predictions: eight out of ten gadgets in our hands will have the inscription made in china. not to mention that scientists from china have managed to get closer to creating a quantum hard drive. it has limitless capacity. the fastest internet, also from the middle kingdom. the fastest internet in the world has been launched in china. its data transfer rate is 1.2 t.s. the fiber optic cable is laid between beijing, wuhan and guangzhou. its length. it is reported that the cable was connected to the network in july of this year, but only now became fully operational. simply put, with such an internet you can download 150 movies. it simply se

despite his work for huawei, he has been in a sensitive role of the office of the director of national intelligence and president biden wants to put him in charge of legal rulings that could affect the entire executive branch. we should all ask ourselves not just about mr. fonsones in these roles but should we confirm people who are well aware of the threat communist china poses to this country who have left government, national security or foreign policy related positions in the government and then gone into the private sector where they have worked with chinese communist owned, controlled, directed, affiliated entities. if they do, should they be invited back into the united states government into positions requiring sensitive judgments? i have nothing against mister fonsone's personally and he's far from the only person who has worked in government, left, and done work in private practice for chinese communist owned, controlled, directed, affiliated entities, but i do think the practice we ought to frown upon, to discourage, and to encourage people in law firms or investment banks o

huawei, xiaomi and lenovo, an electronics manufacturer, total revenue of $226 billion. the west really doesn’t like the fact that china produces high-tech products, and it begins to fight it first of all, the american sanctions against huawei aimed precisely in this vein, but at the same time. the foundation of a new, new basis for the further growth of the chinese economy was underway according to an excellent model, not as it happened at the previous stages of china’s development over the past 40 years. for the next 10 years, analysts are making even more surprising predictions: eight out of ten gadgets in our hands will be labeled made in china. not to mention that scientists from china have managed to get closer to creating quantum hard. disk it has unlimited capacity, the fastest internet also from heaven. china has launched the fastest internet in the world, its data transfer speed is 1.2 traits per second. the fiber optic cable is laid between beijing, wuhan and guangzhou. its length is more than 3.00 km. it is reported that the cable was connected to the network

we're watching huawei related stocks.strongest possible action to protect national security. here as well, . yvonne: plenty more coming up. ♪ this is bloomberg. ♪ \ first time i connected with kim, she told me that her husband had passed. and that he took care of all of the internet connected devices in the home. i told her, “i'm here to take care of you.” connecting with kim... made me reconnect with my mom. it's very important to keep loved ones close. we know that creating memories with loved ones brings so much joy to your life. a family trip to the team usa training facility. i don't know how to thank you. i'm here to thank you. yvonne: almost 11 a.m. in singapore and shanghai. welcome to bloomberg markets: asia, i am haslinda him in. rishaad: i'm rishaad salamat in hong kong. we've got asian equities advancing ahead of important u.s. inflation numbers, alongside major central bank decisions. mainland chinese stocks in focus after monday's late rally fueled speculation of state buying on the currency markets. the yen

huawei on a higher pedestal. huawei was able to create ai chips with older u.s. equipment. what does that tell us if they've been able to advance so much so the ceo of nvidia is saying they're a very formidable competitor, what does that mean for this market two years from now when you have hyper scalers joining in and taking some of that market share. >> kristina, we'll look forward to your interview with lisa su later today. it feels like it's nvidia, broadcom and the also rans but bank of america says qualcomm is a top pick for it. >> you have to put my fellow on the back. i'm talking about outside of ai, the more cyclical stuff, mobile phones, pc. you're getting more and more indications from both companies and trade organizations like the world semiconductor trade statistics organization. folks, as i say this, look, when a bottom forms, it doesn't form in a v usually. barring a sharp contraction in the global economy, these are the sort of stocks that should perform well going forward, like a qualcomm, these

huawei, upuntil that shift, were reading the race in 5g.a big question of what would happen with nokia and ericsson. let's not forget in europe that nokia has done a good job of cementing the relationship with open ran. a huge shift from the u.s. moving the other way. there is not only an opportunity for both nokia and ericsson, but the small niche players. let's not forget there is an opportunity in that particular deal that at&t has done with ericsson for nokia to return to the fray in the medium term. that is an opportunity for open ran to have a more level playing field. >> interesting point there regarding nokia and possibly of returning back to the market. let me ask you a traditional question. a lot of the telecom providers are saddled with a lot of debt. to what extent is that casting a shadow and impeding the further rollout of open ran at this point? >> i think all telcos are struggling. margins have been squeezed. they are not necessarily growing. some aren't due to effectively price rises, but really there is a huge transformati

versus what has been going on in terms of industrial level espionage and the processes used on the huaweine for example showed exactly is happening. even though there is a ban, the export controls are not working and we have major weaknesses. it is slowing china down but it is also not necessarily slowing them down fast enough for the us perspective and creating havoc with trading partners in europe and asia. while we managed to produce those chips, with all those transport controls. the agreement between south korea and the netherlands, how significant? it is a positive development. xml being banned from the market inside china needed another market. the creation of non— china market is important. the samsung asml relationship, 155 us dollars deal, us partners trying to work with other us partners so they do not lose out on the china market by opening up new markets that are non—chinese markets. how do you see 2024 shaping up for the global supply chain when it comes to semiconductors? the semiconductor market is really fraught and you can see that in the prices in terms of valuation. bu

against huawei. directed precisely in this vein, but at the same time , new ones were founded, a new further growth of the chinese economy, already according to an excellent model, not as it happened at the previous stages of china’s development over the past 40 years. for the next 10 years , analysts are making even more surprising predictions: eight out of ten gadgets in our hands will be labeled “made.” not to mention that scientists from china have managed to get closer to creating a quantum hard drive, it has unlimited capacity, the fastest internet also from the middle kingdom, china launched the fastest internet in the world, its data transfer speed is 1.2 terabytes per second, a fiber optic cable is laid between beijing, wuhan and guangzhou, its length is more than 3.00 km, it is reported that the cable was connected to the network in july of this year, but it only started working at full capacity now. simply put, with such an internet you can download 150 movies in high quality in one second. well, that's the icing on the cake. china has become the leader in the global ipo m

if you are a foreign country and ally of the united states and you use huawei technology, we tell you we are not going to share duration with you. because we believe that while way is the extension of the communist party, and if that our systems get hooked up to the waterway system for lack of better way of expanding it, we could compromise our securities, so we tell recalling the prime minister of great britain at a time when they were discussing and talking about our policies in our way, an ally, and a better ally than great britain, but at the time a real friend crossing we disbelieve it is just not in our national security interest for our allies to sign up with while way technology. the gentleman in question, after having been at the department of defense working with the national security council took on work in a firm part of the firm that represented huawei technologies. i find it hard to believe that we are going to make somebody llc warrior for our government who decided it was okay to work with huawei technologies after having been in our government. that is just like bad j

there is data out there that people are switching back from iphone to the android huawei phones.kdown from the government with the online games and restrictions. that could damage apple's app store revenue and then the slow economic recovery in china. over to the u.s., the watch is still being worked out. that fight is not over yet. now the good stuff. services growth. reaccelerating the high margin business. up 60% in the september quarter. on the hardware side, signals that pc and smartphone demand may start growing again. here is what won't move the needle. the vision pro headset is a small launch as early as february. it will be in the u.s. only at first. it is not a mass market device. it is interesting to see how apple sells it. >> steve, you mentioned the apple watch news. how big is this for the company coming up in 2024? >> i'll point to what morgan stanley analyst said looking forward to the march quarter. they are saying 2% of revenue is on the line. it could be up to $135 million for every week the watch is banned. they have the reprieve. they will sell the watch in t

countries huawei would have countries like huawei would have to report to the intelligence agencies ofa lot of things changed, the policy changed changed, and the policy changed accordingly. on the bigger picture. >> and never say gb news audience. you don't hear both sides of the argument here because it seems that because you do it seems that international israel international support for israel is waning very, very quickly. >> i think that is true. i'm not quickly, but it is waning and we've seen that over the last few weeks. the language by the traditional allies of israel, if you like, which is the united states, canada, the united kingdom and germany, the language has shifted and the americans in particular are taking tougher line , both taking a much tougher line, both in but also now in in private but also now in public, because i think the extent of the civilian casualties in gaza has surprised and taken aback. israel's closest allies and the way their conducting this operation, the international community is concerned, that is storing up problems for the future. in terms of r

versus what has been going on in terms of industrial level espionage and the processes used on the huaweihowed exactly is happening. even though there is a bank, the export controls are not working and we have major weaknesses. it is a slamming china down but it is also not necessarily slowing them down fast enough for the us perspective and creating problems with trading partners in europe and asia.— in europe and asia. while we managed _ in europe and asia. while we managed to _ in europe and asia. while we managed to produce - in europe and asia. while we managed to produce those . in europe and asia. while we - managed to produce those chips, the agreement between south korea and the netherlands, how significant? it korea and the netherlands, how significant?— significant? it is a positive development. _ significant? it is a positive development. xml - significant? it is a positive development. xml being l significant? it is a positive - development. xml being banned from the market inside china needed another market. the samsung asml relationship, 155 us dollars deal, us partners try

back from my phone to the huawei android phones.gaming crackdown by the government, that can impact the app store. also, overall what they can see throughout the, year slower economic recovery among the chinese consumers. now let's look over to the u.s.. the apple watch ban, still being worked out despite being yesterday. and going in through the sale today. just one more here, the european union digital market which is going to go into full force next year, which will force a lot of changes in apples app store, hurting its massive profit margins there. speaking of services, that growth has been re-accelerating again. it's a high market business, up 16% in the september quarter. that is really good news for apple and getting back for the growth. on the hardware side, singles to pc and phone demand might have bottomed out after all of that pandemic buying. that might put a damper on things over the last couple years. look, here's what's not going to move the needle, the new vision pro headset we have been talking about for so long. i

secondary sanctions, moreover, some of them were already subject to certain american sanctions, such as huaweid... we we understand ours, i really hope that we will eventually formulate such a project, well, a set of projects that would not just ensure an increase in trade, but would simply transfer our economic relations to a different quality format, we have been pursuing for many years negotiations with the chinese on, for example, the participation of chinese companies and banks in the construction of a high-speed highway in russia. that at the beginning we are starting a project between moscow and st. petersburg, and i hope that after we ourselves start doing something real, the question of partnership with chinese e- companies and banks will arise, because the project there is quite expensive big, there is one and a half, there it is more likely even higher than trillions, we will need resources here. will need the competencies that china has, which these years, if i understand correctly, i built more than 40,000 kilometers, so as the president said, we are open to partnerships with ever

network were made not by scientists, but by teams of the largest transnational corporations, google and huaweihat there is a new method based on such statistical models; in fact , machine learning methods, artificial intelligence, are essentially statistical models ; they use a large number. a large amount of data, this method indeed, it turns out to be not just competitive, but it turns out to be more effective. experts used the results of calculations of the european center for medium-range weather forecasts model for 50 years around the globe. this is a huge amount of data and subjected it to unprecedented statistical analysis. it turned out that with such a gigantic volume of information, a new computer program can, figuratively speaking, be taught. weather forecast based on already available information, moreover, the forecast turned out to be even a little better than the model on the results of which the network was trained, however, despite the revolutionary development, classical numerical weather forecast models will still remain in the arsenal of meteorologists and climatologists, a

states and now the europeans actually refuse the most modern technologies of the chinese, primarily huawei, because they have doubts , that these technologies will not be used by the chinese special services, given the rapprochement between china and the russian federation, they are actually allies. tacitly supports russia federation in this war, and not only by buying energy and selling dual purpose goods, but also diplomatically. of course, their special services can exchange such information. well, by the way, it is a very interesting point that just a few months ago an agreement was concluded between a chinese company and a russian company that provides services of the global innovation system, and there are such suspicions, at least among... certain analysts, who follow the technical sphere, that the russians can use the chinese navigation system to strike at ukrainian territory, because it is clear that they were unable within the framework, well, under the conditions of export restrictions, to launch the number of communication satellites that is needed to cover, well, in fact, the

administration over the chinese presence in hungary's telecommunications network and the embrace of huaweiow be the darling boy of american conservatives but he is very much a bad faith actor who is betting on america getting weaker, not stronger, in the years to come. dalibor rohac, a senior fellow at the american enterprise institute, very good to have your analysis. thank you. let's turn to some important news around the world. 17 million people across florida are under threat of severe weather. forecasters say the storm system will produce tropical storm—like conditions. residents are also being warned about tornadoes. it whipped up waves, shook palm trees, and flooded parking lots in hollywood, florida on saturday. governor ron desantis activated the state's national guard to respond to the low pressure system, which is expected to exit the area by sunday afternoon. a vatican court has sentenced an italian cardinal to 5.5 years in jail for embezzlement. 75—year—old angelo becciu, a former adviser to pope francis, is the most senior vatican official charged with financial crimes. he wa

all mobile communication networks in ukraine have chinese equipment from huawei, zti, and perhaps some others. this is a bad story. this has been talked about for quite some time in the united states, our main strategic partner. this equipment is generally prohibited. and it is better for ukrainians to have two different sevens just in case operators, as was popular 10-15 years ago. or even a spare old push-button phone like mine. which holds a charge for a long time unlike a smartphone and may be needed during power outages. and most importantly, in case of force majeure, do not panic, but use free wi-fi in a cafe or shopping center. it is quite obvious that the aggressor will continue to try to inflict maximum damage on the ukrainian rear, without being able to make any serious progress at the front. therefore, such cyber attacks may become more frequent, and to you need to be ready, don't panic and... always have some backup options. serhiy kostych, facts of the week ictv single news. donald trump leads joe biden by 4% in seven states. american sociologists are gradually probing the

is, you have to agree between the camps in order to trade, for example , well, a good example is huaweitself, which is not sold in the united states of america, because they are suspicious, there is no trust , they suspect each other, the same for the rest, for the rest goods, especially sensitive ones, such as electronics, chips, and all that, but china needs to recover, because in china's strategy to recover its political or acquire its political... in the international arena, it must be through economic influence, that is, china sets the task to become the number one country economically, and through economic power, to increase political influence and thus solve some controversial issues there , including regarding taiwan, and for this it needs markets, needs, needs the united states and europe need it, and that is why biden signaled that he will negotiate with china, you understand. or that china became the second country, supplanting russia on this olympus, the europeans followed in the fairway, let's say so, and i do not rule out that some partial agreements will be reached, econo

kicking things off with huawei. having a look at this as revenues surged some 9% in 2023 thanks to the fastest pace of growth in sales in a researching smartphone market and robust act would -- activity in the 5g market. the first woman to amass a $100 billion fortune come another 12 just person in the world, after shares of her company group. let's have a look at your markets and see how they are shaping up. mixed bag overall for equities. hang seng finishing off the morning session off by about .5%. this small pullback really coming after we had a rally into the year end. asian stocks on track to have their best performance since 2020. this is a look for the current position here with oil, experiencing its biggest drop since 2020. this as more opec cuts failed to lift prices in any meaningful manner. traders are more concerned about global crude suppliers, eclipsing demand in the quarters to come and really creating a glut. ♪ patrice: what is exciting is when you see where this company started, you see what it has

as we know china's digital huawei are acquiring building blocks for dominance. if china wins the 5g competition and develops software on top of the next generation networks, i worry that the chinese communist party will use that against us in all sectors, transportation, health, everything. this is the risk we take if we don't make more spectrum available for commercial. and every person in this room should look at the success of generations of americans to come. commissioner carr, adversaries are making more available for than for the united states. is it possible for the united states to have 5g leadership if-- >> our spectrum leadership is part and parcel of your g.o.p. leadership and we rank 13 out of 15 leading markets licensing mid band. look at china for over 700 megahertz behind, and this is why i was so disappointed by the administration's spectrum strategy because it provides no path to closing that gap, and that's a big problem. >> thank you very much. commissioner simonton, i share your concern about the sweeping and unprecedented nature of the sweep

whether huawei telecommunications or tiktok videos displayed on your phone. maria: look. is also an issue around what is happening with the elections we talk with john ratcliffe he said yeah china is going to interfere in u.s. interconnection probably going to interfere in taiwan election happening january 13, everything we've got got efforts to keep from off ballot, robert f. kennedy, jr., going after california's lieutenant governor on x, for calls to remove there's name from primary ballot writes in knocks we should choose candidates by voting not legal maneuvers to get them off ballot even "washington post" port writes should courts throw trump off the ballot? not so fast writes editorial borrowed reports attorney general was frustrated with merrick garland not going after trump tate said trump was threat to democracy should be prosecuted exactly what ag has done you've got a lot here china, against united states, working to keep their guy joe biden in the office. you've got a potentially, compromised president potentially cover-up at the doj. >> we are getting to the

huawei returning more competition in china from the home grown brand and then the online gaming crackdown. the services business and then just overall in china that slow economic recovery making it difficult to push the iphones. i do want to talk about europe, too, new regulations going into full effect. it will allow more app stores. that, again, a let to the services business. everyone is talking about the apple watch ban still being worked out. the watches are on sale now. it will take another couple weeks before that gets resolved. services grs growth re-accelera. it was up 16%. early data from december, frank, showing spending is increasing as well and then we're getting some early signals late in the year that the pc and phone demand may have bottomed out and people will buy those gadgets again. one more bonus, what's not going to move the needle? of course the new vision pro headset. this will be a small launch only in the u.s. at first. evenly only at apple stores. it will be several more years. >> everybody owns apple. jim, you own it as well. a small position for you. >> yeah, a

. >>> and huawei is forecasting 9% revenue growth for 2024 following years of u.s. sanction issues. business remains strong and the device business is benefits from the shipments resuming. >>> the eu competition chief defending the legislation of a.i. saying it will create legal certainty for tech startups building the technology. speaking with "the financial times," this is the first clear set of rules for companies building foundation models similar to those used in chatgpt. >>> coming up, the one word every investor needs to know today. i have a twist on that. >>> plus, the panel lays out the final trading day in 2023. >>> if you haven't already, follow our podcast on apple, spotify or other podcast apps. more "wex" coming up after this. . to be like wow! what did i do to get here? (tense music) right. work. you worked hard and it's time for a bank that'll work hard for you. everbank performance savings is built to put your money to work with some of the highest rates in the country . going, got you where you want to be. we're the partners for your next move. everbank. advantage,

western governments really got behind this when huawei got banned in the u.s.. to ferment more competition in the market. there are still really big leaders. they're both competing. we are at the peak of not pass the peak of the 5g race. this is seen as a big flag. alix: what does nokia do now? >> there is still an upgrade cycle. later on in the decade, 60. u.s. contracts, i think this is why the share price was quite significant today, the u.s. contracts are the biggest, highest margin. three carriers in the u.s. with 300 million people and in europe, over 100 carriers for a few million people. these contracts really matter in a way -- guy: in terms of what happens next, are there other big contracts in the united states? are there others going to be competing? what are the big contracts we need to still be watching out for? >> i suppose there are big contracts, looking at wireless today, there is also fiber. fiber is still i think at full tilt in the u.s. guy: and the same two companies dominate that space? >> i think nokia has a better chance and fiber than e

but morgan stanley points to huawei's return to the chinese market, a mayor headwind for qualcomm. going into 2024. nvidia, yes. a lot of the notes are looking for these under the radar plays. broadcom is still up there. micron seems to be dominating, as well. >> you have a lot of these names. >> sure do. >> how does your thought process work now given what we said was the best year in 20 for this space when you own, i don't know, it seems like at least ten names on my list for you. >> many of them at 52-week highs, some of them all-time highs. >> are you taking profits? >> the report is correct. the stocks are technically overbought. you mentioned declines of 20% to 30%. last week, i said nvidia is about 18% above its 200-day average. all these companies are 20% to 30% above their 200-day moving average. so technically, they are in need of a correction. i see it not only as possible but probable in the first quarter of 2024. does that mean we move away from holding these positions? i don't think so. fundamentally, these are still the type of companies that rebewe believe in. one n

>> we heard the same with huawei and china mobile and china telecom, started to take action, tiktok bandsest the tie back to the ccp. it is clear the biden administration putting its perception of narrow electoral politics above national security. what happens on tiktok that is a national security threat they will own unless they follow through. neil: he was talking about the chinese communist party. you know that a lot of office buildings, to get back to what they were pre-covid. grady trimble, what is going on? >> we are paying attention because it affects everyone across the country if they pay their taxes. this is an area of agreement between president biden and congressional republicans. they say federal workers need to get back into the office. the latest from the government accountability office finds 17 of the 24 federal agencies it reviewed are using 25% or less of their hq building ask capacity. for some it is even less. taxpayers as i mentioned are putting a massive bill to maintain, operate, and lease federal buildings, in many cases those buildings remain largely vacant. the

the phone made by tiny tech giant huawei represents a breakthrough by beijing as it tries to escape washington's its access to technology and establish a self-sufficient chip industry. if the u.s. controls had been successful, a smartphone as advanced as this simply should not be possible without importing key components. >> china now is more capable than ever of building advanced technologies. >> it worried u.s. officials, who are more concerned about advanced chips going into military equipment than smartphones. it left them wandering, how exactly did china do it? kriti: our team looking at some of the biggest development we have seen in the chip sector this year. one of the standout themes has been that buzz word, artificial intelligence. it is where chips will be essential to generative ai, as they have been to smartphones. china both an opportunity and risk. i want to bring in tom mackenzie, who has interviewed the ceo of arm earlier this year. walk us through this arm story this year. the future of ai, does it really just stay in the hands of this one company? tom: to some extent, 2023 has

the bad news, in china, especially, huawei returning starting to sell smartphones again for the firsting out of the game for a couple years and we have some information and data that shows people might actually be switching from iphone back to android specifically those huawei phones. also, the online gaming crackdown from the government over there that we've been talking about the last week or so, that can impact revenue in services specifically in the app store, of course, and as we've been talking about all year the slow economic recovery in china. now the u.s., apple watch, that ban is still being worked out, despite the reprieve that apple got yesterday. the watches are going to be on sale again, but let's talk about the good stuff. there is positive momentum going into 2024. particularly services growth. reaccelerating again. that's that that high margin business up 60% in the september quarter. and on top of that, let's talk about the hardware side. some signal, pakistan c and phod have bottomed out. the new vision pro headset, it's going to be a small launch, $3500. only sold

they have competition, china with the huawei phone, we don't know what they're going to do with generativewe don't know if there's a big mover to push this stock higher and i'd argue it's so overly owned. i look at 50 portfolios a month. whether you're in the s&p 500, 7% of that, if you own vanguard total stock market return fund it's 7% of that. if you own any money manager right now, they own apple because they're trying to keep up with the index. brookshire hathaway is 20% apple stock. it reminds me of ge back in 2000. they had a hot run in the '90s. everyone had to own it and then the company and stock were dismantled in a 20 year period. you have to diversify away from it. most people don't know how much they own. maria: ge is finally coming back now after a 20 year period but it's a shell of what it was. >> way below the price it was in 2000 which is a long time ago. maria: that's right. >> despite a reverse stock split. maria: this is a second guest this morning who basically is saying sell into this rally in apple. >> yes. and i'm trying to process that t because i think of apple a

you are doing channel checks obviously but huawei has come in with a new phone and people are adoptingcause they have new powers to the with chips made there and not here. >> in china especially the high end consumer, if you won and iphone 12 which the new while ways are, you have one hundred million iphones in china that have not upgraded in the last three or four years. liz: it is pushing people. >> within china, 20% of demand comes from china. they are number 2 or 3. liz: you mentioned tesla. you cover general motors which came out with this announcement that they are having the all electric pickup trucks. general motors is forging ahead. gm is coming out with long-awaited equinox tv coming next year, what your call for gm? >> mary and the team despite the uaw debacle have been able to navigate. strength on ev conversion, if you look at the models, gm could be a rating stock compared with farley and ford, they have been half in the pool. you look at gm, you liquidate them across the board, ford, black eye moment we are seeing here. liz: let's ask about channel checks, elon and tesla

september china started banning certain officials from using iphone they wanted to gear you towards a huawei and other local brands. david: netflix. >> 4883 and change. in the uk they also cut down password sharing and not have the numbers to prove that since they did that in late spring subscription spiked by nearly a quarter for the uk subscribers. david: masonite. >> ticker symbol is door because they make doors and the stock is down 11% after announcing a deal with a competitor pdg innovation the make patio doors, windows in cash and stock deal valued at $3 billion you have m&a this monday morning. david: one company is looking into artificial intelligence to prevent future layoffs. what company. >> deloitte consulting recruited a lot of employees, what's happening in the economy is slowing down and there is concern they might not see as much demand for the consulting services. to prevent collateral damage they are using a.i. to scan workers skill sets and productivity levels and move them to more challenging or and demand positions in that basically keeps everybody productive and it cem

iphone city in china, a government crackdown on apple devices, renewed competition from the likes of huaweint apple china's advantage for many years it started to look like a liability and then you adding in shifting geo politics, the shift has only become more important and more urgent over the last few years. now be sure to check out our weekly "tech check" on cnbc.com/tcweekly along with other in-depth videos on the biggest topics in tech going back to apple, what the latest india developments may be telling us, tim cook, who pioneered the u.s./china relationship, is doing it once again, guys. the next phase is likely to be far more difficult overcoming shaky infrastructure in the country. that's one thing navigating india's independent labor movement, that's another thing. and that one is very unique to india because, of course, labor unions don't exist in a communist china. meanwhile, i do want to touch on apple's market cap it has held above $3 trillion this week and just a month ago we were talking about a lull in the underlying business. while it makes a shift to india, bofa notes c

remember, president trump succeeded in getting the europeans especially the british to not buy buy huaweits going into china in the high tech area, a number of things like that. they began to make progress. now the biden administration or president biden no lo longer rae these issues with the europeans. i was in china three weeks ago. they had a lot of think tanks from europe, up to 50 think tanks from the european side, they're beginning to see china as the number one power in the world. buy done may go down in history as the president who lost europe 6789 i never thought i would say that. maria: italy sees it the way most people do and that's why they just got out of the belt and road strategy yesterday giorgia meloni making it formal. we knew that was coming. i want to get your take on the agreement between the united states and mexico. they are agreeing to cooperate on a stronger screening of foreign investments to reduce national security risks to share information about that screening process. treasury secretary janet yellen announced this deal during a trip to mexico city. she clai

>> it is quite hard to tell because always -- huawei doesn't publish those numbers.they are sold out. we don't know whether that is due to demand or constraint on reply. -- supply. part of this device is a chip that is supposed to be a lot more advanced than people thought possible for china to develop domestically, about that also might mean that they can only bruise a limited number of them. there is increased competition with china across the board, and that clearly creative problem, but shiny even with the more advanced huawei device remains a few years behind the bleeding edge of what is in the latest iphones. maybe 3, 4 nanometers which is 50% more powerful in very crude terms. lisa: from what you hear when you talk to tech executives and analyst, do you get the sense that the feeling is thawing toward china and continuing to try to play in that sphere, or that people are just quietly accelerating the shift away from the country because of the inconsistency in some of these policies? >> the second part seems to be very much the direction of travel. you keep hea

he visited huawei, tech company, repeating what dun can zoo ping, the first asian dictator turned reformer01 years,9 years before in the early 1980s, leading his nation, china, on a path toward gradual opening and reform. and then he took the train to moscow and met with putin in august in 2001, received the japanese prime minister in september 2002 and so on. so kim jong un, rambo 3 -- or rambo 4. kim jong un, what did he do? .. and then as we know the rest is history. he has made four visits to china. the last was on his birthday in january 2018. shthere is another china visit coming i wouldim say. and president xi visited in jun. so there is a strategy to all this. north korea does not go berserk and ask for a nuclear war. they go through this letter of graduatedno escalation and then they know when to dial it and back it down and they come down the ladder. to a charming exciting piece and they will do it again. i do not know when. maybe next year, it may be two years from now. but they play a central role in the next provocation. >> doctor lee if bidden advocate for tougher sanctions o

it's happening, for example, in the taiwan strait, the pr navy is preparing for huawei and area denial, prepare for their joint operations as a mega-mansion here and stress and their combined they forces, including navy, coast guard and armed fishermen or militias. for example, in the offshore island like kim and our community. so here what's going on today? first, the local government of the fujian province established a county government of two men on the mainland china. and then in july, the chenzhou city issue announcement. offering the chinese id for those residents from jim there, who engage in the business construction and education and the family relations on. the mainland. so next month, they're going to be a talk between chenzhou city government, the jin county government, about cross-strait gasoline pipe construction and under water, electricity, cable. so according to their proposal, you they prepared a proposal for next month. they will include an article on atoms about joined administrative. authority are joined between mainland government and the jim county government be

is looking into the specific of not just huawei's chip breakthrough but the three new artificial intelligenceccelerated developed by nvidia for china. >>>> that is what we understand from the commerce secretary gina raimondo looking into the chips nvidia is designing to sell to china. they announced that in november after in earlier chip they had made substantial sales to china already was banned under new u.s. sanctions imposed to limit chinese access to the most cutting edge technologies in the semiconductor space. companies are running into this issue. various american companies. taiwanese as well. trying to find ways around it but working with governments to do that. haidi: nvidia seeing vietnam as a potential second-home. no president xi is -- we know president xi is due to land in hanoi. we are seeing the latest in a string of charm offenses. what is he hoping to achieve with communist vietnam? >> i think it is notable to point out that president biden visited vietnam a couple months earlier. so you have a country in southeast asia trying to strike this balance between the united states

when we've had a problem, like we did when we were trying to take additional action on huawei and z. tempt, some people said we didn't have enough authority, i disagreed, we came to congress, we got it passed quickly. if there's a threat we can't sit on our hands and wait for months until title 2 passes and goes into effect. if there's a problem. >> my time has expired. at this time i will also ask -- have my other questions forward on to the commission to be answered in writing. i know now recognize the ranking member of the subcommittee, the gentlelady from california, for five mines. >> thank you, mr. chairman. the a.c.p. has helped more than 22,000 families afford internet connection. without additional funding this vital program could expire, cutting off connectivity across the country. we know despite the program's success there are many communities that remain unaware of the program or are concerned about signing up. commissioner stark, what can we be doing to expand the footprint of a.c.p., especially in hard to reach communities. >> thank you for the question. i think first

may have heard, we can see semiconductor companies managed to make a chip that seems to work for huaweiw mobile phone from the it is still two generations behind. with every year passing, they will get more behind. even with the restrictions we have now, this is the case there might be even more restrictions from the west which will make it more difficult for the chinese oem's to offer the same experience in terms of communication with the car. communication between cars. automated driving and so on. but this is not a topic for now. it will be a topic in three to five years. so nothing chinese carmakers should worry. they have other problems right now, which is overcapacity/. shery: iesco and those problems just made me think that more consolidation in the sector will be inevitable. who do you expect to be the winners and losers here? jochen: i think in the end, i don't think the startups really have a chance, except maybe for li auto, which is these carmaker that makes evs with range extenders. they are quite different. they have found their niche. maybe they will survive. all the othe

by the way, you probably are seeing a what they're doing with the huawei phone, which surprised everybodyi think they're going to be doing that regardless. they are absolutely trying to innovate. trying to take technological leadership in production of semiconductor technology up to this point haven't been able to. in part because we do possess the world's leading researchers and technologists, and innovative companies in design of these chips. all that said, our constituents and the american people do not want us to be exporting those items to the ccp that they will then use in the modernization of their military. or that could be used in the perpetration of human rights abuses. for instance, against the uighurs with the uighur genocide in xinjiang, activity using a tech know surveillance state with artificial intelligence to repress these people. the subject of our tenth hearing tonight. >> we look forward to hearing more about that hearing coming up. i thank you both for joining us this morning. if we don't see you before the holidays, happy holidays. thank you. >> happy holidays. >> t

huawei returning back to the smartphone game after the year's not putting out new phones and some evidenceoid again because of that. also online gaming crackdown from the government. talking about that for the last week or so. that can impact the app store, too, and the overall slow economic recovery over there. now in the u.s., other western markets, apple watch band worked out despite the reprieve. actually go buy one now. who knows how long that will last. service growth. high-margin business, up. that can help things out, too. early signals after the holiday season. pc and phone demand bottomed out. maybe see buying again in consumer electronics. here's what's not moving the needle. new vision pro headset. small launch in the u.s. at first people predicting 500,000 units. not a mass-market device. not moving the needle more like an experiment for the future here. a tough one for -- comps getting easier because of last year such a down year and wonkiness with the calendar. tough to grow. >> amazing. because the sort of basic, keep it simple case for apple, has almost nothing do with the

for huawei is a good phone but it is an iphone 12 from a functionality perspective.nk it is a headwind they have to contend with. it is the hearts and lungs of the apple story and that is why a lot of the bears -- it is all about china. it is always about the big bad wolf, the china story. china has been fueling the engine. katie: let's talk about what the bears are saying. they say in terms of the product lineup apple has not had a hit since airpods in 2016. you talk about new growth, but from the product lineup where will that come from. dan: is the best install base in the world. from install base you have 250 million iphones. iphone 15, christmas came early. for 2024, and gurman has talked about this, i believe you will have noxious new phones from an iphone 16 but we believe you will have the iphone app store, nai app store. that will be something incremental. that is very important. you combine it with vision pro and more products coming out, you flex the muscles. carol: is there a bearish story on apple. if tom keene were here -- we are an apple family. if we

huawei now is a bin lorry is in space. oh, look at this. —— whatwe now. it is doing what?each orbit if they are travelling 17,000 mph. it is travelling at that speed, it is beginning to hit the earth pass atmosphere and the air is pummelling it at that speed. that is what is heating it up. it is slowing down, of course, which is why it is being pulled towards earth. initially it will grace the earth's atmosphere. what is the stuff they are having to get rid of? what kind of thing are we talking about? it get rid of? what kind of thing are we talking about?— get rid of? what kind of thing are we talking about? it can be mundane stuff like food _ we talking about? it can be mundane stuff like food packaging _ we talking about? it can be mundane stuff like food packaging or _ we talking about? it can be mundane stuff like food packaging or old - stuff like food packaging or old clothes that have worn out, bits of cable that might — it is also stuff like human waste. that has to go too. they are a frugal lot. they do recycle their euro line for drinking. that is something most