we saw lenovo with a historic selloff.omething that we could see through into next week when we are looking at the chinese market reopening. in europe, we are seeing chip suppliers trading lower. we had some pretty good numbers out of samsung, so there was an argument that maybe some of the companies involved in the samsung supply chain may get higher this morning, but it seems that ship -- the chip story has overridden the samsung numbers. team is still with us. you were no doubt interested in the story yesterday when it broke. it is still having an impact today. to what extent does this peak questions to you about the role china plays in global supply chains? jean: we have had before some issues with equipment where there would be some kind of political agenda . i think from an investment perspective, the opportunity is usually when markets react indiscriminately. the world technology sector in china has been badly hit by this. whereas we know that some industries are extremely demented -- domestic, also completely separ

lenovo, one of the worst performers. jpmorgan saying you should short lenovo for six months. it has fallen the most since 2009. screen holdings in japan also a laggard. samsung is doing well. it came through with strong chip numbers. was higher by almost 2% in the early sessions. turning out to the bloomberg first word news. the u.s. senate had to a make or break procedural vote on judge brett kavanaugh as lawmakers digest an fbi investigation into allegations of sexual assault. a single copy of the report was made available with some senators grouping together to hear a staffer read it. the white house restricted the inquiry. republicans claim the allegations of not been corroborated. >> the senate should not set a fundamentally un-american precedent here. 's right to basic fairness does not disappear just because some disagree with his judicial philosophy. juliette: china has hit back at claims by the u.s. vice president of election interfering. beijing branded the allegations of unwarranted. pence said the country was attempting to sway american coerciveinion using measure

simonjack has lenovo down 15%. simon jack has made lenovo down 15%.on the central line which i did not know about, but i jumped ina which i did not know about, but i jumped in a cab. superman of the business world, we are very grateful to have you. let's start with unilever and this decision by the company not to move its h0. how big a deal is this? decision by the company not to move its hq. how big a deal is this7m is significant because it shows the global appeal of london and the ftse 100, the main index, to international firms. 100, the main index, to internationalfirms. what 100, the main index, to international firms. what happened was about one year ago, craft times, the big american company, tried to bite unilever. the company is being asked what are you going to do to give is as much money as these guys? they sounded very difficult because of the complicated anglo dutch structure, half owned here, half owned there. they said they will have one hq and they will put it in the netherlands. a small group of shareholders, but a determined and sig

mobility by lenovo. no? it orchestration by cdw. ♪ at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. you'll only pay $4.95. unstopand it's strengthenedting place, the by xfi pods,gateway. which plug in to extend the wifi even farther, past anything that stands in its way. ...well almost anything. leave no room behind with xfi pods. simple. easy. awesome. click or visit a retail store today. >>> welcome back to "fast money. a mixed bag for the big banks. jp morgan down 2%. wells fargo and citi slightly higher and investors clinging to every word now the ceos had to say on conference calls it's time for the new segment called word on the street where the traders tell you the most important things they heard from the ceo that you might have missed >> it's a game show. >> did you see that. >> a slow scroll. >> very bob barkerish or joke are joker. >> and a triple. >> a wink martin dale. >> you wanted

the implications are far reaching you are seen a massive hit on stocks like lenovo and zte lenovo onef the largest computermakers they're taking a hit on worries that many customers around the world won't trust some of this chinese hardware anymore that's big hit i want to switch the gears and look at europe and what happened here since the market opened a couple hours ago these are all suppliers of apple i phones, even they are taking a hit. the issue wasn't with the iphones, it was with the servers that apple was using none of these makers are the implicated in this story, but there's a knee jerk reaction perhaps and wordries about what could happen with the supply chain. in the end, what does this mean for the china/u.s. trade war, will there be more tariffs on components, technologies, and those questions that remain to be answered but will be closely watched by the markets dom, back to you >> those are wide-ranging those ripple effects >>> let's bring in dan ives from equity research and arjun talked about the ecosystem, it's wide as to where we are feeling this in the marketplac

sales of lenovo slump after china infiltrated almost 30 u.s. companies. 10 year hovered new seven-year highs after investors wait on payroll numbers. the consumer goods giant backs down from a plan to move to the netherlands, bowing to shareholder pressure. hello everyone and welcome to bloomberg surveillance, i'm francine lacqua in london. we have a lot of news, just trying to digest the week that was. in my mind, it's all about the u.s. 10 year yield. we saw a big repricing so it's the u.s. job space that's what happens next. currently the unit 3.21% and it could also move dollar. dollar has been rising and will change is china reopens today? i don't know if it has so far but it could on monday. you can see the stoxx 600 a little bit lower. coming up on bloomberg surveillance, we talk commodities. our guest joins us at 10:30 a.m. u.k. time. we will talk about commodities. this get to the bloomberg first word news. the u.s. senate will vote on a procedural vote for judge jet -- judge kavanaugh later. a single copy of the report was made availa

lenovo fell 15%, saying it doesn't do business with supermicro, a company at the center of the investigationit for this edition of bloomberg technology. have a wonderful weekend , everyone. see you, monday. i'm emily chang, this is bloomberg. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. >> the following paid for make a three black. >> if you are among the billions of people who are right now living in chronic pain, pain in your joints, stiffness, soreness, or inflammation that is making everyday routines like opening a jar or brushing her to a dai

mobility by lenovo. no? >>> welcome back to "squawk box" this morning couple things to tell you about this morning the big one, hurricane michael is now intensifying in both speed and strength in the gulf of mexico. it's expected to hit the florida panhandle tomorrow courtney reagan joins us from panama city, florida good morning to you. >> reporter: good morning. we are here at a lowe's. this area is under mandatory evacuation orders as of about 90 minutes ago. this lowe's opened at that same time as that evacuation order went into place at 6:00 a.m. there were lines outside the door folks trying to get in this location has already run out of water and generators. it is waiting for another truck to come and bring those crucial supplies however, most of the folks that we talked to were able to get what they were looking for >> i'm out here looking for generators none to be found >> we're kind of late to the party, i guess you could say >> we decided not to wait because we believe we're high enough we're goin

lenovo sells as much as 23% and is preparing for they did, they said not have business with supermicro hacking probe. david: government officials are also responding on the china chip hack, with the national security adviser saying that chinese threatens to effort -- chinese efforts to threaten us are high priority. they are establishing deterrence to prevent china, including offensive cyber other -- cyber offenses that the president has authorized. we are here with that -- brett bruen. were you surprised with the report? what was your it -- your reaction? not have been a surprise for the folks in the government or the private sector, but i think people have been a little money when it comes to china -- have been a totle naive when it comes china. not just from a technological but a strategy standpoint. canchallenges that we identify this is one vulnerability, but what we really need to get our head around is how china is developing strategies that are for u.s.pose risks companies and interests around the world and we have to be one step ahead. to mr.let's go back bolton statements, of

refrigerator toasters they have done pretty well for some other manufacturers including microsoft, lenovontinuing to make the case that the ipad itself is a popular computer without becoming a pc and the mac is doing just fine without incorporating a touch screen we'll see how they follow through on that with the features and where the pricing is apple also announced a new mac mini at $799 that will also be available for preorder today, shipping november 7th back to you. >> john, thank you for the details. keep 'em coming. apple shares down just a bit less than a quarter of a percent. allergan projecting better than expected earnings. despite that, shares are currently down 6%. with us now, brent saunders, allergan's ceo, along with our own meg tirrell. meg? >> thank you, sara beat and raise for the quarter i'm trying to figure out what's going on i've been talking with analysts and investors. you raised your forecast, then you could have raised it more? is there something else driving your stock >> to be honest, i don't know. we delivered solid execution in the quarter. we delivered soli

stuart: i saw lenovo. >> also company problems as well, financial they missed but supply chains are longhey get a chip unnoticed on motherboards hidden between fiberglass. that is a hard thing to do. think of the jurisdiction you have to go through. one hacking expert said it is like watching a unicorn jump over a rainbow. he had to go through the geography. >> the fact that it might be true speaks to the point that at some point somebody has to stop this. let's have fair trade everywhere, not one or two countries taking advantage. liz: designing companies come to the us together supply chains built here because they know we won't put microchips in computers. you talk about the carmakers bringing their supply chains and manufacturing here in the states, the danger is dialer, bmw, mazda, major companies talking about allocating more us production for the market here. stuart: big jobs report an hour and 20 minutes ago, 134,000 jobs added in the month of september. larry kudlow, director of the national economic council, welcome back, good to see you. >> thanks very much. stuart: i go back

microchip this is a bloomberg report that was in business week nonetheless, shares of computer maker lenovo as much as 23% before closing down at 15% they said they aren't supplied by that hardware maker and it takes extreme steps in security. but analysts said that those in the u.s. might be using a pc maker instead. meantime shares of apple suppliers also falling on that chinese surveillance story as well you're looking at those companies. semiconductor down 10% largan precision down 7% this is making waves no matter who you believe. >>> it is jobs friday. we're awaiting the jobs numbers coming up in about 24 minutes now. let's get to the panel to get their take joining us now, kate moore, blackrock chief equity strategist and again, it's that time again. austan goolsbee, former cea chair, university of chicago booth school of business professor there. we all love the university of chicago now, austan, you know that they took a stand. >> we always have. >> they took a stand god bless them a lot of other universities could learn from that. what that in spite of or because of your efforts t