big rebound on wall street >>> huawei's loss is ericsson and nokia's gain as a cnbc source confirms liang hua has been appointed acting cfo. >>> reports suggest russia is willing to cut oil production. >>> and the german medical group frenius warns it won't meet its 2020 target. >>> european stocks this morning are in recovery mode after yesterday's steep selloff saw the stoxx 600 close more than 3% lower. today it is a different picture. the gains do not quite match the losses we saw yesterday. the stoxx 600 is up about 1.1% in early trade remember, yesterday the selling kicked off with huawei's cfo's arrest in canada that drove concerns around the u.s./china trade dispute, but then u.s. stateside stocks rallied off the lows after the "wall street journal" signaled the fed may be having a wait and see mode at itself december meeting. plenty of events in focus in europe oil is still on investors minds after opec failed to come out with production cuts after yesterday's meeting. so investors watching the oil space today. putting it together, it is a brighter picture in europe than yesterda

hopes this will bring radical lianges to the cat church. he is just back from new york city. it is there, he recorded his disturbing testimony. as we first told you injuly, he was one of the first people toa se cardinal mccarrick of abuse. it prompted pope francis to strip mccarrick, one of the most influential men in the catholic church of his title and ordered him toe a l of penance and pain. it was claimed thate abused him for many years. >> i believe that he could do anything. as a child. and i believed as an adult, he would do anything t me to make sure his life doesn't change, he's gotten to the point where i can take you out. >> he is currently living in a religious residence in kansas. we have made repeated attempts with the arch diocese t in washingthear back and we have still not heard back. we'll work on it. the attorney of mccarrick said the former cardinal looks forward to his try it due process in this case. >> what's theime line for due process? >> we know the catholic church is oftentimes very slow. for victims, it is too slow. >> they're notaying out exact da

of meng before he went to negotiations with president xi jinping while meng is away, the chairman, liang hua, as acting cfo. the company has been doing everything it can to convince suppliers and customers that it's business as usual so the company issued a letter today to its global suppliers saying the u.s. move was against the spirit of free economy and fair competition it also went on to say regardless of how unreasonable the u.s.'s approach becomes, the partnerships we have with our global suppliers will stay unchanged. and separately, dom, there are reports that japan is considering restricting the use of huawei gear as well as zte. there's been talk that government officials could be holding a meeting as soon as monday to discuss this possibility. this comes after a local paper had said that decision was almost all and done to restrict huawei and zte gear. dom? >> a big story with implications on the u.s./china trade negotiations thank you for following that for us >>> america's biggest ceos sounding off on trade turmoil with china here's what they told becky quick at yesterday's

. >>> coming up, it's official liang epidemic. millions of teenagers are vaping. and some of them don't know the consequences. the report you need to hear before you have a talk with your kids. the nation )s top doctor says it )s the nation )s top doctor says it )s a teenage epidemic. an alarming new study finds a >>> the nation's top doctor says it is a teenage epidemic, and an alarming new study finds a dramatic increase in vaping among high school students. >> nbc's morgan radford spoke to students about the dangerous trend. >> reporter: a troubling trend reaching a new high. a federally funded study revealing the number of high school seniors using e-cigarettes nearly doubled this year. with approximately 1.3 million more teens lighting up. >> what personcentage of your friends vape? >> 85%. some get jittery or can't think straight if they are away from it for one day. >> reporter: how easy is it for an eighth grader to get access? >> very easy. >> reporter: the teens say the sleek devices are easy to hide. the fun flavors are tempting and peer pressure also p

anti---liang the ting's chart today. do you agree? ok.forthcoming appear on the program. keep it here. keep it real. this is bloomberg. ♪ rishaad: asia pacific markets sliding. investors want clarity on the deep stretch of the g20. yvonne: the yen rises a second day, it second advance struck at the weekend. david: still climbing, bouncing back from its worst monthly loss in a decade. they continue to pledge to manage the market. let's have a look at the equities space. large-caps, blue chips in the east pacific, down. bears mightnt it -- not be having their day. also pulling back ever so slightly. at these levels, u.s. futures pulling back. 5.5% from the year .42 on the u.s.9 benchmark. off session in equity markets. let's flip the board, oils pushing higher, u.s. crude and brent up around 1% each. the big story, we will talk about with tom mackenzie, is the collapsing dollar, 686 here. a little bit of dollar weakness. yen is strengthening against the u.s. dollar. we will split the boards. . down basically across the curve. we are also in

this is liang hua.s cfo before meng the company is also trying to reassure its suppliers that it's business as usual at huawei. in a letter to its global suppliers, huawei said the u.s. move was against the spirit of free economy and fair competition, and said regardless of how unreasonable the u.s. approach becomes, the partnerships we have with our global suppliers will stay unchanged. guys >> thank you, eunice appreciate this report very, very much. we'll talk more about this right now and the impact of tariffs. let's bring in grover norquist who has long emphasized tariffs are tacks on t maxes on thaxes american consumer. what do you think the implications are of what's happening or what's just happened with this arrest and what do you think it means for the tariff or trade war, if you will >> tariffs are taxes the president argues that he's using them to negotiate a better treatment of american intellectual property and tariffs against american product going into china the challenge is that it's a