facebook after the company revealed that shared user data with four chinese companies, including lenovo. we will get reaction in washington with congressman greg walden of oregon. tesla ceo elon musk gave a reasonably be -- upbeat assessment and investors rejected proposals to reshuffle the board. t a turning point for tesla? alphabet shareholders voted down a staff proposal to tie executive pay to progress on workplace diversity at its annual meeting. will it backfire? first, our top story, another day, another round of outraged datas handling of user this time it's not about a consulting firm with ties to president trump or apple, it is four chinese consumer device makers, huawei, lenovo, and others. huawei was one companies barred from having its products soldthe pentagon. a familiar spotlight, h concerns that it is failing to be transparent in how its user data is handled by third parties. joining us now to discuss, eric prior, who covers facebook for bloomberg. are chinesee companies, which the united states has talked about being possible security risks. how much fuel does this ad

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the companies in question include holiday and lenovo. -- huawei. and lenovo.as one of the few companies being barred from selling to u.s. armed forces. spotlight, in a addressing concerns that they failed to be transparent about how they are handling user data. our correspondence joined us with more. it adds a lot of fuel to the fire, but i want to be clear that they have said it no data was ever stored on huawei servers. the problem is that we do not trust facebook anymore, after all the revelations and the policies of the last few years. lawmakers are not taking that as a clear response, they want to know why mark zuckerberg did not mention this when he had 10 hours of congressional testimony and was talking about third-party relationships. why not bring up these relationships too. saying we need answers, the whole story now, senator marco rubio asked why they didn't reveal this deal months ago, and to not repair -- compare this to other deals. what do we know about the nature of this data? basically, what facebook was allowing these device makers to do is b

facebook after the company revealed that shared user data with four chinese companies, including lenovoaction in washington with congressman greg walden of oregon. tesla ceo elon musk gave a reasonably upbeat assessment and

at least four companies mentioned, including huawei, lenovo and lct.rms from the get go, but the information that was reportedly stored on servers by these companies abroad, they say they were always stored on device themselves, so facebook now has to answer to many angry friends as to what is happening with their data. again, one way for the company to make him in road that has been pushed out of the mainland market. this isjust another way to maybe bypass into this massive market of software users and hopefully gain more friends there on the mainland. users and hopefully gain more friends there on the mainlandm really does highlight the difficulties for firms like that, given all the attention now on data sharing and what they do with our data. monica in miller in singapore, thank you. tech stocks were responsible for a boost to wall street yesterday with netflix and amazon up more than i%, helping the nasdaq to a record high. it's the second straight session where tech stocks have been in the spotlight. tokyo stocks ending slightly higher helped by

the company did this close that it shared data with certain chinese companies including huawei and lenovo. investors not liking that. will we see a return to what we saw with cambridge analytica? weighing on to other big tech names like microsoft and intel. subject ofhat facebook, we will be speaking to senator john thune in a moment. president trump will be attending the g7 summit in quebec, where he will receive a chilly reception with germany and france warning they will not sign a joint communique until trump makes major concessions. right now, he's meeting with prime minister shinzo abe of japan. we are waiting for them to arrive. now, we want to turn to a preview -- what is on the agenda between mr. abe and mr. trump? abehief for prime minister is the summit coming up in singapore with the north korean leader, kim jong-un. japan is very concerned here that president trump in that meeting would hint that the u.s. eventually might be willing to reduce its troop presence in south korea, which has served as a huge security guarantee and a bulwark against any possible north korean aggres

the companies in question include huawei and lenovo.wei was barred from having its products sold to the pentagon and armed forces. and was part of the net ban on federal funds being spent on the company. once again, facebook is having to answer concerns it is failing to be transparent in how its user data is handled by third parties. how much fuel does this add to the fire? >> it adds a lot of fuel to the fire. i want to be clear that huawei and facebook have both said no data was stored on huawei's servers. the problem with that statement is we don't trust facebook anymore. after all of the revelations of the last few years, lawmakers are not really taking that as a clear response to this concern. they want to know why zuckerberg did not mention this when he had 10 hours of congressional testimony and he was talking about third-party relationships, why not bring up these relationships too? so there are a lot of angry people on the hill today about facebook. >> more about teslvtors have backed its besieged board. defeating a proposal fo

the companies in question are huawei, lenovo, and to others.i was one of a few chinese companies barred from having its products sold to the pentagon and armed forces. it is a part of federal funds being spent on the company. facebook is in a spotlight, having to answer concerns it is failing to be transparent with how its users data is being handled by third parties. our reporter has more. reporter: it adds a lot of fuel to the fire, but i want to be clear that huawei and facebook say no data was served -- stored on the servers. the problem with that statement is we don't trust facebook anymore, after all the revelations and the policies of the last few years. lawmakers are not really taking that as a clear response to this concern. they want to know why mark zuckerberg did not mention this when he had 10 hours of congressional testimony, and he was talking about third-party relationships. why not bring up these relationships too? and so there are a lot of angry people on the show about facebook. emily: senator mark warner saying we need answe

it has 50 holdings and includes lenovo, the import and next for bank of korea commonwealth bank of australialion in assets and carries an expense ratio of 45 points. light,t gets a green investors should note they are fully exposed to fx risks because there is no currency hedging. scarlet: props to our team for that fantastic job. joe: coming up, what you need to know for next week. this is bloomberg. ♪ this is bloomberg. ♪ scarlet: "what'd you miss?" erasingin u.s. stocks the loss for the week, closing up .9%. wilbur ross travels to beijing for more trade talks on saturday. joe: i will be watching for japanese prime minister meeting with president trump thursday to discuss preparations for that planned u.s. summit with north korea. julia: it is back on. this friday begins the g7 leaders summit. scarlet: that does it for "what'd you miss?" joe: have a great weekend. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast busi

facebook after the company revealed that shared user data with four chinese companies, including lenovoll get reaction in washington with congressman greg walden of oregon. tesla ceo elon musk gave a reasonably be -- upbeat

has disclosed data sharing partnerships with or bank chinese device makers, including while way and lenovo- whil peter, why are people concerned about these revelations about one company in particular? facebook made these revelations as they were talking about how they shared data. in some deeplanded trouble recently because they were used data from cambridge analytic a that allowed interference in the 2016 presidential election. the united states government is concerned about how facebook has been sharing data with other companies, and asked about handset makers in particular. there are many outside china, but they said there are four chinese companies they have been sharing data with. the goal was to make the experience smoother with some of these handset makers. among them is while way huaweilogies -- technologies. it is not allowed to sell its equipment to american telephone operators out of concern it may help the chinese government with the data sharing. this revelation is an issue for facebook. facebook said they maintain strict controls over the data even as these chinese phone mak

dataocial network had a sharing partnership with four chinese device makers, including huawei and lenovopotential security threat. facebook said the relationships were controlled from the start. bank, by india's central raising its benchmark interest rate for the first time since 2014. the repurchase rate was increased by 25 basis points to 6.25%. emerging markets have been rattled by the prospect of further tightening by the federal reserve. indonesia's new central bank governor says moving quickly to raise interest rates has helped to stabilize the country's currency. he told bloomberg that he may not be finished. possibility. is a the magnitude and timing will be mentione the calibration of new information coming. don't miss the exclusive interview with the indonesian bank governor. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. i am taylor riggs. this is bloomberg. tom: thank you so much. we like to go around the world. with the death of allen being, one of the gentlemen who landed on the moon, a few years ago, astronauts fro

.>> this is a lenovo mirage solo camera. that is a lot of words to say.it at 100 as you see it at 180 degrees and upload it to youtube or watch it on your tv on high definition. so i am watching this at work and my husband is taken the video and it looks like i am there with them.>> it's great to take your vacation on it.>> it is great to take things you have taken in the past and make it a virtual reality using this. it costs about $400 or so.>> that stuff right there is a little less ex-pensive than the mac.>> this is super lightweight and a battery that lasts all day. it gives you 15 hours of web browsing which is incredible. and you can see that there is a pop up camera embedded in the keyboard which is fantastic for security. it is a really good bargain and comes with a year of microsoft 360 and runs on windows 10.>>> -->> this is the best way for improving the quality of your home theater and it is slightly under $300. >> these are like the old polaroid. >> it is a point and shoot and takes these amazing photos that are perfectly square. it is the h

the four companies are smartphone makers and lenovo however, they have wound down the partnerships orrocess of doing so. it also denies a report that data of users' friends could be accessed without users' consent. we'll also get revised figures in about 90 minutes. expected those numbers will be revised to show slower productivity growth. also be getting updates on labor costs and the trade deficit. >>> we have an investing legend on set with us this morning. lee cooperman is here. lee's in town to be honored at the cancer research foundation's annual breakfast this morning. it's a charity he has given generously to. we're going to talk a lot about that charity in a bit. but we want to thank you for being here >> thank you for having me appreciate it. >> i'd like to get your broad overall take on this >> i think we're heading to normalization. we've been and continue to be in a very abnormal environment. when you think about it, $9 trillion of sovereign debt around the world carry a negative interest rate makes no sense you lend money to germany today, you get 46 basis points for ten