here tdiscuss are law professor kathlyn sandoval and satech editor andfrancisco bureau chief, jeremy owensnice to have both of you. >> thanks forg me. >> on the proposed merger of sprint andle t-mo there are ten states led by new york and california it.g suit to block professor sandoval, you're a former commissioner of the california public utilities commission. what are your concerns about the proposed merger and how would it affect consumers? >> right. i'm not -- thank you so much for invitatio i'm an antitrust law professor. so both as a former regulator and as an antitrust professor, o coup things jumped out at me. first of all, the complaint alleges that t-mobile and sprint ready have over half of the market share in both los angeles and new york city. in thend firstsecond largest markets in america they have over half of the market share. >> it is huge. >> it is huge and there are a number of markets where they have very large market shares. and as you mentioned especially these are both marketed as value ands so they have been especially important for lower income consumers for valu

we want to bring in market watch san francisco bureau chief jeremy owens. have got -- here is the thing, jeremy, we got the sabre-rattling. it continues, both sides, particularly that xi is in russia and the market is holding up. the rally of the week is holding up. feels like the pendulum, a month ago, anything that came out positive the market watts up. more recently we're skeptical. now this holding pattern. >> i think we'll be going into tomorrow. i worry about tomorrow afternoon, you know. if they don't settle the mexico tariffs by trading tomorrow, how many traders will dump right before friday not to go into that risk with the weekend? i think we could see problems tomorrow afternoon if they don't get this figured out. charles: the action in the market feels tenuous. i want to bring in university of maryland economist peter morici. peter, i thought it was interesting with one particular economist saying in china factory closures could drive the country into collapse. is it that fragile? >> i don't think it is that bad. they have leverage we don't lik

meantime, market watch tech editor jeremy owen what this huawei ban means.we talked about it before, we realize now just how far and how widespread huawei impact is, broadcom last week saying it's a $2 billion hit for them. it took down a lot of semiconductor issues as a result. this is big stuff, isn't it? >> it really is. cree also said the same thing, they are going to be hurt. it goes beyond huawei. broadcom did about $900 million in sales to huawei last year but said it would have a $2 billion shortfall just in the second half of this year. you see that is also the rest of the chinese original equipment manufacturers and others that are slowing down purchases. this is going to really throw a wrench in the entire tech supply chain which was already kind of roiled especially for chips over the past year. neil: the president seems to throw in at the last minute the possibility that huawei could be part of our ongoing talks with china. i guess hinting that the punishments that are going to be meted out, you can't do business with huawei, et cetera, might no

here to discuss is deirdre bolton and market watch editor, san francisco bureau chief, jeremy owens.e start with you. libra the differences between this and bitcoin? >> right away, libra has the backing of real bank accounts and short-term government securities. you and i talked about bitcoin a lot often on the air, that is essentially peer-to-peer. why it comes very attractive for people mostly in the southern hemisphere of our fine globe but this is a little bit more stable. that is pledge number one. the second is transparency. the fact that facebook is going and building this kind of digital wallet along with two dozen partners, saying the goal is to get to 100. it is mastercard, visa, all names we know and trust. those are the two big pitches. the first backed by real assets. the second they formed a subsidiary, but having this partnership with their goal -- charles: controlled by a consortium out of switzerland? >> exactly. with the 100 partners. not clear at the moment how you get to be one of those partners but at this point it is supposed to be collaborative. charles: jeremy

"marketwatch" technology editor jeremy owens out in san francisco.ant to talk in particular, norm, this market. we have trading range on the dow, 81 points. cautiousness ahead of g20. the story about technology, huawei, 5g products, what are you watching in that space? >> it will be a slow news day on friday, right? we're interested in the semiconductors. we're invested in several names for the group. what happens on friday with u.s. china trade is important, part of a cycle. cheryl: jeremy, there has been a call for lot of companies, make equipment from other companies, you can't buildout a 5g network. this has to have tech companies scrambling. >> entire supply chain is so independent. putting it back into china, putting it all together, anything will throw any kind of wrench into that will be a severe thing for these companies. cheryl: fascinating to watch. norm, you've been on the show before. i know you like amazon. that is a stock you've been watching. paypal and visa, who do you like the most? is it still amazon? >> amazon is one of our favori

jeremy owens from market watch. robocalls permanently on hold.ate them all together. we have details. amazon says drone delivery is looming. the timeline coming up. stay with us. ♪ an american soldier. ♪ an american. ♪ my brothers and my sisters. ♪ i will proudly take a stand. ♪ when liberty's in jeopardy. ♪ i'll always do what's right. ♪ i'm out here on the front lines. ♪ sleeping here tonight. ♪ introducing the first of its kind lexus ux and ux f sport, also available in hybrid all-wheel drive. lease the 2019 ux 200 for $329/month for 36 months. experience amazing at your lexus dealer. maria: welcome back. good thursday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it is thursday june 6th. your top stories right now, 7:3. breaking news this morning, we are remembering d-day, president trump marking the 75th anniversary on the invasion in normandy. speaking earlier this morning honoring the american and allied forces who fought to rescue europe from nazi germany. trade tensions meanwhile in focus, back at home. a new th

jeremy owens, marketwatch technology editor, come on in, please.>> thank you for having me.y be better without elon musk? >> will be hard for native plan for post-elon musk. they need another person in there if there were no elon musk. they have done nothing to establish any procedures to live without elon. i do not know if tesla will be better without elon. right now everyone sees as elon is tesla and tesla is elon. reality is you have to confront the reality there will be a company on the other side of elon and start setting up for that. stuart: but there is no prospect of elon getting out of the way tesla at all. >> nobody could go on twitter tomorrow and mess it all up. he's been bitter about the sec settlement but last summer he came very close to a couple of times getting the boot. from the sec. now what will you do about it? how we set this up?stuart: does the sec have the power to say you are out?>> of course! they can ban him from being chief executive. in his already overstepped the line once. and made them angry again a second time. you kind of have to plan for th

owen bennett. stay with us for that —— at queen's. good evening. boris johnson good evening. borisjohnson and jeremyinal two in the race to be our next prime minister, after michael gove was knocked out of the contest in a day of drama at westminster. well, the day started with four men in the running for the topjob. at ipm, after with four men in the running for the top job. at ipm, after another vote by conservative mps, borisjohnson increased his lead, and the home secretary, sajid javid, was eliminated from the race. this evening, at another ballot, the last by tory mps, michael gove was knocked out of the contest byjust two votes. now it is down to conservative party members, 160,000 of them, to decide who becomes party leader and prime minister. laura ginsberg reports from westminster. who were they thumping the table for, the tory equivalent of applause? votes in the ballot box would reveal the pair, one of whom will be our next prime minister. michael gove, 75. jeremy hunt, 77. borisjohnson, 160. michael gove, 75. jeremy hunt, 77. boris johnson, 160. we michael gove, 75. jeremy hunt, 77. bor

met today, you look at who he's met, owen patterson, in duncan smith, some of the cheap brexiters, nigel faraj, as we've said, michael going, boris johnson, jeremyg to people who are keeping no deal on the table. and he sees a new chapter, so he's been very polite to theresa may today, talking about the good job that she's done, but of course he can say that because she's formally resigning on friday. he's looking to the future. and that's why he's talking to the people he's talking to at the moment. don't go anywhere christian, a couple other things to ask you about. before this meeting today, there was some speculation theresa may would push donald trump on climate change. but there was only a very brief mention of the topic in their news conference. here is all 12 seconds of it. recognising our nations are safer and more prosperous when we work together on the biggest challenges of our time. i also set up the uk's approach to tackling climate change and our continued support for the paris agreement. donald trump pulled the us out of the paris climate agreement in 2017. he gave no indication whether theresa may's words would have any impact on