and the canadian government naming it the industry standard for trusted technology blackberry ceo john chen joins us now in an exclusive interview. john, good afternoon to you, and congratulations on that accolade >> thank you good afternoon to you both >> talk us through what this accolade from the canadian government means how much is becoming known for your prioritizing of security? how much of a priority has that been to you and does this change the game in terms of getting this endorsement >> well, it's nice to get the endorsement. but we have always been known as the most security platform, and we provided, for example, to the g16 or g20 governments infrastructure, secure mobile infrastructure, privacy. you know, it ranges from our phones to all the software that we do to build software that we put into the automobile. so we've always been doing it. and it's always nice to get the recognition. i don't know whether it was a game changer or not. the only exception is i'm hearing all the news earlier i think that the market and the world is now turning to privacy and security as the top

what i want to talk to john chen about is the way that he has switched the focus of the company from ur conversation this morning so i will leave it at this. you've got your software in 150 million cars. you tell me in a way that i can understand what that software does in those cars. go. >> mostly safety, and also, helping telecommunication, clusters and instrumentation, so mostly of those nature. stuart: are you ever going to go back to the plain and simple blackberry which we used to know and love? >> well, the technology world has moved on. it's a very difficult world to be in so -- and i think in software, we've got higher margin, much more room for innovation and creativity. i will stick with software for the time being. stuart: john, you must excuse me getting a little frustrated here but i wonder if you can explain to me why it is that in the year 2019, i cannot hold a direct conversation with you one-on-one. why is there a two-second delay? i might add that i can speak to my son in new zealand while he's driving his tractor and i'm on my tractor in america and it's like they'

john chen was accused of selling counterfeit electronic goods online and scheduled to go on trial this week but may have gone back to china. federal prosecutors say the government is not giving up on bringing him to justice. >> instead of look forward to the future, mr. chen may now plan on looking backward over his shoulder every day until he is apprehended and made to face the allegations in the superseding indictment. >> investigators found thousands of counterfeit items during a raid on a warehouse he was using in newark. >> attorneys for actor cuba gooding junior today asked a judge to dismiss a charge he groped a woman's breast in a manhattan bar. lawyers for the oscar winner say the misdemeanor forcible touching count should be tossed out saying they have video and witness affidavits showing it did not happen. the judge delayed a ruling after august. police arrested gooding after a 30-year-old woman accused him of groping her at the magic hour roof top bar and lounging. > new developments in the latest sexual assault case against singer r. kelly. prosecutors submitted a dvd they

according to the ceo john chen, blackberry has been positioning itself as a leader in cyberspace.ible] 500h finished raising million dollars for a litigation fund that will focus outside of the u.s.. they have posted internal rates of return of more than 30%. that is your business flash update. interestingly, a company i know , britain is -- from britain is coming to america. they are showing that millennials can get excited about their bank accounts, as much as they do about instagram. it is an iconic card that you see everywhere in london, bright nzo also doeso crowdfunding events. the idea is to get excited about your app. they have a slick app, but can they think the amount of money needed to take over america? romaine: so bankers making it cool again? caroline: banking cool again. romaine: their business model, they do not do a lot of lending, so most of their money is coming from fees. caroline: and there is a moment -- at the moment there is a backlash in the u k. they're looking at premium payments, charging you $72 a year for a premium card. this is bloomberg. ♪ hey! i'm

they have a 15% john chen the first month of trading. it is a good hub.ppens to this kind of activity? sonali: hong kong ipos are actually popping across the whole world from the end of last year through to the beginning of this year, when the ipo in the u.s. completely shut down when the government shut down. the index is performing very well, but through the end of april and may, that has completely tumbled. so will that start to stunt activity? by the way, not just in hong kong, but in the u.s. my sources that all the top banks say they think of the u.s. top ipo's very similarly to the chinese ones. they are definitely thinking about them in comparison. alix: that is interesting. david: and remember, alibaba decided to have a new issuance through hong kong. they certainly want to significant roles in the new one, but this is between local and international players. alix: morgan stanley and citigroup yesterday we heard warning of activity. different from what we heard a few weeks ago. sonali: two weeks ago we heard from morgan stanley that confidence is

on "squawk alley" and i'll be back for the closing bell today as well we're going to speak with john chenllout and breaking up big tech plus, stacey cunningham on the ipo wave and whether the momentum will continue we got so much great programming straight ahead for you on the summer friday. stay with us there's a lot that needs to get done today. small things. big things. too hard to do alone things. day after day, you need to get it all done. and here to listen and help you through it all is bank of america. with the expertise and know-how you need to reach that blissful state of done-ness. so let's get after it. ♪ everything is all right what would you like the power to do?® ♪ all right instate-of-the-artne technology makes it brilliant. the visionary lexus nx. lease the 2019 nx 300 for $359/month for 36 months. experience amazing at your lexus dealer. there's one thing you can be sure of. they're changing by the nanosecond. that's why cognizant created a unique engineering approach to design and build new digital products. learn how cognizant softvision designs experiences and enginee

the face of brexit, boris john chen, extended his lead, winning 160 votes.ining rival jeremy hunt has the backing of 77 mps. they will compete over the next month for the support of about 160,000 grassroots tories with the winner being announced in late did i -- july. this is bloomberg. inflation isan's flowing again. down a tense from the previous month. let's see what this says about the economy and what it means for the bank of japan. our columnist is in sydney. you always have something there refocused to say. we know what a big deal this is for the boj. --y have not had there to their targets. what you think -- do you think? >> you need to get perspective here. . don't mean kathleen i mean the debate about japan generally. it is perceived to have failed. fill that what? -- failed at what? let's go to the month that shinzo abe was elected. cbi had been consistently in negative territory. we are no longer talking about cpi in negative territory. there is too much attention paid keep missingt -- two percent. which major central bank is consistently hitting

john lee, maggie wu, eva chi, eric wang. >> good afternoon, i'm here to express my opposition to -- my name is chen lee. to express opposition to the rose pak naming and address two points used as justification for having rose pak's name on the chinatown station. she helped secure the funds from the trade commission. one thing is rose pak may have been a voice but only a voice of many. there were countless people would have gone to washed -- washington, d.c. and they said the chinese community support the chinatown public and it's unfair to single out ms. pak. the entire community supported the station. >> commissioner: thank you very much. >> clerk: [reading names] >> there's been coercion and the power brokers in san francisco. we need to hear why are these people feeling unesy -- uneasy with the name. what do you think is the last name for the bart station and she said chinatown station. this is the list. >> commissioner: thank you very much. >> clerk: maggie wu, eva chi, eric wang. >> my name's maggie wow. i'm here to oppose the chinatown station to be named after rose pak. id should be named the ch

chen. thank you so much. >> still ahead, trump's acting defense secretary now confirming the white house did ask the military to keep the "uss john. how the white house is responding next. let's be honest. it's kind of unfair that safe drivers have to pay as much for insurance... as not safe drivers! ah! that was a stunt driver. that's why esurance has this drivesense® app. the safer you drive, the more you save. don't worry, i'm not using my phone and talking to a camera while driving... i'm being towed. by the way, i'm actually a safe driver. i'm just pretending to be a not safe driver. cool. bye dennis quaid! when insurance is affordable, it's surprisingly painless. i was told to begin my aspirin regimen, blem. and i just didn't listen. until i almost lost my life. my doctors again ordered me to take aspirin, and i do. be sure to talk to your doctor before you begin an aspirin regimen. listen to the doctor. take it seriously. car vending machines and buying a car 100% online.vented now we've created a brand new way for you to sell your car. whether it's a year old or a few years old, we want to buy your car. so go to carvana a

chen and senior contributedder for millennial politics max burns. thanks for being with us. >> thank you. ainsley: you heard that i want to play a sound bite of johnedicare for all thnsd they didn't like that either. listen to this. medicare for all may sound good that's correct not good policy or good politics. [crowd boos. >> i'm telling you. -- i'm telling you -- ainsley: these are two democrats in california. democratic convention. 14 of those candidates there and they are being booed. they are not even left enough for the group. should this be a concern lonnie? i will start with you. >> the democratic party is not the democratic party of bill clinton gone massively far to the left. look at the constituency a lot of these democratic candidates for president are speaking to far left kings. you saw it in california. you will see it throughout this primary process. we all know that presidential primaries pull candidates to the polls to the extreme and the democratic party that's exactly what we are seeing. you will. ainsley: is that a problem for the democratic party. >> not so much we are moving to the left or we are going to where our base has