similar what we do with huawei.es, we look more broadly cover handsomely at all threats from entities not just china but tied to the ccp at that broader conversation continues to take place in the near term, tiktok and then others from security risk perspective. >> one of the thinks encompass has been working with our companies is international proceeding where the commission is looking at making significant changes to ownership review and different time frames in which licensees may need to come back to the fcc to do ownership review be on merger agreements were often the fcc is like an ownership structure. any thoughts, that's comfy just a big data collections i anotr probably, think a lot of data that any thoughts about how the commission might be able to use that rulemaking process to do further reviews of international authorization? >> look, the relationships that are issued when you talk about undersea cable are getting increasingly complicated, whose leasing, whose only, pushing it to transmit data. it's app

the chinese phone maker huawei has cut prices of its high—end mobile devices by as much as 20% as economicple to launch rare discounts on its handsets. the british airline easyjet says it's cutting its fuel consumption by reducing the amount of paint it uses on its aircraft. it says it's the first airline in the world to trial a system that uses thinner layers of paint to achieve the usualfinish. stay with us here on bbc news. goodbye. hello from the bbc sports centre. liverpool manager on a slot says trent alexander—arnold remains committed to the club. player's contract ends at the end of the season. he would not rule alexander ronald being sold in the january transfer window, only the janua

. >> well, they have competition with huawei.cally has been hesitant to issue discounts, but we are hearing in china you get about $70 off the iphone 16 and the 16 pro max. their overall market share within mainland china is down 14% and they have seen slowing sales. so in part competition with huawei, cutting prices to see if they can make up in volume the help regain that market share. ashley: very good. apple down more than 1% this morning. this is an interesting one, chip maker -- just announced a partnership with google. what's that all about in. >> you've got a partnership with google, safe to say your stock will go up. that's what we're seeing today. again, think about google, sort of machine learning combined with hardware. so again, sort of furthering what we're calling the internet of things, the way that the we can can connect automote if is, wearables, monitoring systems, all of the things in our lives. and they're able to do this now together, so certainly a good day for the city in a minute ifics stock. ashley: deft

the phone has reduced the price of its latest time cents by up to $70.00. chinese phone make a huawei as also cut price is by as much as 20 percent. china would expand consumption subsidies to cover smartphones of electronics and a bit to encourage domestic spending and to offset the effects of any new us targets on its exports. well will wong is a senior research manager id, see a global market intelligence data firm way covers the mobile phone mock if he joins us now from sample kentucky with as well. so why have sales of for, and phones in particular are full and so sharply in china. yeah, so 1st thing for different brands in china, like what you have mentioned just now it's majorly accounted by epa. so samsung is over there as well. but a per account it for a major share over there. it has been in the top fine for life for a long time. so when we talked about from brands in china, we talked about epa itself. so why is facing for those challenges? so what we see is says dot most the x and those sectors x and that changes. so 1st thing is consumers, consumers in china have change. s

and if huawei has an obligation to share information, under chinese law with the chinese communist party, and they are creating global networks and our information is going over those lines, and our allies that we are sharing information with, that's jeopardizing our information, that's jeopardizing our troops. all of these things are basically put at risk with respect to that. and so this is just why you are so correct, senator, in terms of making sure that we are balanced in terms of where we are investing in terms of the global threat landscape pandemic, you know, 5g, ai. i don't want to say all roads lead to china, but a lot of them do. sen. sasse: what are the technical fields that you are most concerned about them being at or equal to us in terms of long-term plotting against us? a generation -- i think eric schmidt, the former executive chairman of google, regularly talks about a tech generation as being 18-ish months. what technical fields are you most concerned about their near parity or rival with us? rep. ratcliffe: yeah, i mean just in terms of the point, cybersecurity genera

still competition from huawei and the hardware front, but beyond that, apple needs to get the governmentapprove apple intelligence. i asked tim cook about the trip to china, he says talks continue. apple needs apple intelligence for chinese consumers. for cnbc business news, i'm steve kovach. >>> returning to one of our top stories. investigations are continuing in new orleans after an army veteran flying an isis flag from his truck rammed into the new year's revelers killing 15 people and injuring around 30. jay gray joins us now from new orleans. jay, just give us the latest. >> reporter: yeah, silvia, as you can see, this area is still locked down. an early hour in the early morning here, you would normally see revelers still coming out of the french quarter kind of lingering along the streets on canal. you don't see that at all. in fact, there is an eerie silence in the city right now. a tension here. so many, like investigators, searching for answers. the suspect in the case, shamsud din jabbar, 42 years old with army service commitment. he left as a staff sergeant. we know investig

both ends everywhere the canal are managed from companies from the people's republic of china while huaweiominates the country's telecom system. pretty important, don't you think? since 2018 panama has been a member of china's belt and road initiative as well and xi's plan to come to nate all global trade is part of this do we really want china dominating a canal that's central to our trade? if they take control of enough of pan marks could china ultimately use it as a station for its military? these are valid questions. again, each raising this issue is somehow unaffront to official washington. how dare you stand up for the united states? you are threatening the global order donald trump. if trump can make a deal for strategically important greenland? why wouldn't that be a good thing? >> we need greenland for national security purposes. i have been told that for a long time. long before i even ran people have been talking about it for a long time. i'm talking about protecting the free world. you look at -- you don't even need binoculars, you look outside you have china ships all over the

was a chinese company that was an intermediary for chips made by tsmc that ended up in the hands of huawei technologies. the chinese companies has been blacklisted by the u.s. and isn't supposed to get those kinds of chips and instead they got it. the commerce department is asking for new regulations were producers like tsmc and samsung will need a license from the u.s. before they do business in china for the most advanced semi conductors. mike: peter, do we expect these measures to get the same kind of unwelcome reception and objections that the ones unveiled on monday regarding ai technology received? >> that really was an exceptional situation. they hit nvidia in particular. nvidia had a sharply critical comment at that time saying it's not the time for the biden administration to put in new rules days before they step out the door and hand off to another administration that has different priorities. to be fair, the biden administration gave a long comment, the rules wouldn't go into effect until well into the trump administration. it's a good question, the chip companies are not happy

and that government let, let huawei into telecommunications grid. yes, they need foreign direct investment, financing and the like, but there is also some wariness of what china does once they are there. rush: thank you. i want to turn to michelle know if we could. the broader question of, africa has a lot of different perspectives, so it is difficult to say how does africa view the china-russia relationship? related to that, there is some description in the report suggesting that we are seeing states that benefit from chinese assistance over russia in the u.n., so we are seeing this triangular coordination across international institutions. how do african countries in general see the china-russia relationship, are we seeing influence by one power benefit the other? michelle: you are right, of course, there is always a diversity of views. broadly speaking, for most african governments and societies, these are two very distinct partners. both have long histories on the continent. china offering is much more robust in terms of what that partnership ca

you got competition from huawei, you got this holdover of when apple intelligence does come to the iphonesthat the chinese government needs to approve. so it is going to take a lot of work out. >> seems like not the immediate growth engine. steve, thank you very much. as we head to the close, the s&p 500 is still down, just about a quarter of 1%, though up off the afternoon lows. we do have one day left and that so-called santa claus rally. that started with that right no. that is going to do it for "closing bell." we will send it to "overtime." >> that is the end of regulation. statement arts ringing the bell. the stocks giving up early gains and finishing in the red to start the year. we saw apple lows, 100-point swing. energy, utilities and the chips. that is the scorecard on wall street, but the action is just getting started on this first trading day of 2025. >> will tesla's rally hit the brakes in 2025? shares falling after the company

having competitive issues in china, right, where they've had to lower their prices to compete with huawei and other -- i was in europe last summer, they are cool phones. >> did you grab one? >> i like that one. they've got issues there, and there are questions about how well this latest phone is selling in the u.s., and whether it's going to -- >> yeah, headline risk, without question, it is great to have you, tyler, your legend will only grow in retirement, but i'll say this, if you think about the things that i got wrong last year and clearly there were many, but passive investing, don't realize the magnitude until you start to see the numbers. a trillion dollars made their way into etfs and mutual funds last year. apple wins to this. they're in 487 etfs. 410 of which apple is one of the top 15, 1-5, holdings. apple will almost by definition go higher, but that doesn't mean valuation makes any sense. you're talking about a company that was a growth company nine, ten years ago. it was trading at a ridiculously cheap valuation, it was trading in the low teens. now that it's become sort of

and as you roll out that technology you pull out huawei out of those networks as well.ll dominate because of the political policies or because the companies no longer trust the chinese technology? dan: it has taken a while for europe to get there. the u.s. started got -- started going down that path years ago when we had president trump's first term. europe is catching up to that and that should help u.s. tech companies where we might not have the lowest-cost product but hopefully it is a little more secure and alignment. lisa: we have a lot to talk -- jonathan: we have a lot to talk about in 2025. we have a lot to talk about a little bit later as well. bloomberg's ed ludlow setting down with jensen huang live. lisa: how many leather jackets do you think he has? jonathan: maybe it is crocodile leather on it and not was glistening in the lights. if you notice that? lisa: i think these are the important questions. you know, i think it sort of is trendsetting. this is what mark zuckerberg is doing with his necklace and t-shirt. jonathan: you can wear whatever you want when

discounts on the latest models in china as it has rising competition from the domestic rivals there like huawei the crypto trade later this hour. >>> for now, though, let's get economic data that just crossed the tape and rick has that for us. rick? >> we are expecting a number up 0.3, and it comes in unchanged, and how does unchanged fit in? unchanged equals where we were in july to find a lower number you go to june of '24 when it was minus 1.1. we have seen construction come back from some of the june lows. seems to be slowing a bit baseded on this data. in terms of the manufacturing, i do not see that yet and we will come back and let you know when we get those data points. sara, back to you. >> thank you. >>> jobless claims, more signs of stability and good news in the job market. so the number of americans filing for initial jobless claims fell 9,000 last week, 211,000, and that puts it at a multi-month low and speaks to the fact that businesses and employers are holding on to their people. continuing claims, and i also wanted to highlight, is a gauge for people continuing to be on the un

and that government let, let huawei into telecommunications grid. yes, they need foreign direct investment, financing and the like, but there is also some wariness of what china does once they are there. rush: thank you. i want to turn to michelle know if we could. the broader question of, africa has a lot of different perspectives, so it is difficult to say how does africa view the china-russia relationship? related to that, there is some description in the report suggesting that we are seeing states that benefit from chinese assistance over russia in the u.n., so we are seeing this triangular coordination across international institutions. how do african countries in general see the china-russia relationship, are we seeing influence by one power benefit the other? michelle: you are right, of course, there is always a diversity of views. broadly speaking, for most african governments and societies, these are two very distinct partners. both have long histories on the continent. china offering is much more robust in terms of what that partnership ca

making inroads because that is what you have seen, essentially huge inroads being made by the likes of huaweiprobably part of this as well. annmarie: the actual ai agents they are developing on their own are already in the phones. you have to it for this hodgepodge approach if you buy the apple phone. jonathan: you have to wait until january 30 to get the official numbers. that is when we get numbers from apple. that stock is down by a little more than 1%. in washington, a group of house republicans say their meeting with president-elect donald trump was productive. gop members from new york and california pushing for the $10,000 cap on the salt tax deduction to be raised or eliminated. annmarie: trump give them a little work to do, basically saying i am going to need a number. a line is in the sand for these republicans. i do not think they care if it is one reconciliation package or two, but they need salt included . this comes down to the fights that are going to be happening in the next few months when you have the slimmest republican majority ever. every lawmaker on capitol hill. jonatha

china not just because the competition in china is much stronger than it was, whether it is while -- huaweit ai is almost inevitably going to face in china because the chinese government is simply not going to allow western large language models to answer questions like what happened in tiananmen square. so there are going to be all these limitations in china and the potential for retaliatory tariffs, all of which says that you have to be sober about the multiple that you apply. jonathan: the dog is not impressed at all. finding the pictures of the dog just instantly we ask -- relaxing. lisa: i would agree. jonathan: we need a puppy in the studio, we are going to borrow rags across multiple dimensions. lisa: what is interesting to me is 34 of 49 analysts have by ratings on it. this is actually really out of consensus and to me it is interesting especially in light of just the obvious valuation pressures. you start to sue mount, where else is that applicable? jonathan: up next, we will catch up with jonathan pingel for the most accurate forecast of payrolls. more accurate than his dad. we wi