officer meng wa nzhou is being huawei's chief medical officer meng wanzhou is being held here in thisian prison, while she waits to find out she has been granted bail. china's foreign ministry summoned the us ambassador in beijing, demanding details of that tension and insisting that america is taught meng wanzhou's arrest warrant. the rest happened as he was president donald trump and china's leader xi jinping attempted to de—escalate the bitter trade war at the 620 summit last week. america's trade representative assist that meng wanzhou's arrest will not have much ofan impact wanzhou's arrest will not have much of an impact on talks. is totally separate from anything that i walked on or the trade policy people in the administration work on. —— it is. for us, isa administration work on. —— it is. for us, is a matter of criminal justice. is alleged meng wanzhou violated sanctions by selling tech equipment to iran. she was taken into custody in vancouver last week while changing planes. according to court documents, meng wanzhou has according to court documents, meng wa nzhou has long

chief executive, meng wanzhou. crown jewel of china's tech, and meng wanzhou, crown jewel of china's tech, and meng wa nzhou, the crown jewel of china's tech, and meng wanzhou, the crown princess, it is hard to sort of overstate really what this means and the symbolism for what is going on between the us and china. you are right. there's quite a lot of face actually, face is an important thing, reputation, in china. and yes, meng wanzhou is seen as in china. and yes, meng wanzhou is seen as chinese royalty. it is the embodiment of huawei and huawei's success. and this kind of, especially as we know is coming a few days after president trump and president xijinping few days after president trump and president xi jinping seem to have moved on and we were skipping back from the brink of increase sanctions oi’ from the brink of increase sanctions oran from the brink of increase sanctions or an increased trade war between china and the us, but this is the focus on iran and this probably bothers the us president more tha

meng wanzhou meng wa nzhou listened meng wanzhou listened intently through an interpreter, as the usere laid out. the 46 your role has been accused of multiple counts of bank fraud. if extradited, she faces more than 30 yea rs extradited, she faces more than 30 years in an american prison. us prosecutors have evidence that huawei's unofficial subsidiarity called skycom, to sell its product in iran, and that meng wanzhou repeatedly deceived financial institutions by saying the firms we re institutions by saying the firms were not linked. the row has already increased tensions between the us and china at a time in the country's trade dispute had been nearing something of a truce. paging is that meng wanzhou's arrest was a breach of the human rights and demanded she be released immediately. —— beijing said that. huawei has said it is not aware of any wrongdoing. prosecutors argued in court on friday that meng wanzhou was argued in court on friday that meng wa nzhou was an argued in court on friday that meng wanzhou was an obvious flight risk thanks to her significant financial and polit

wa nzhou's has been brought into this whole saga over meng wanzhou's arrest, and thatis saga over mengnd that is why hedges bc shares are down by 1.5% of the sour. but otherwise, investors are just waiting to find out exactly what she is accused of. —— this power. of course, she faces her bail hearing later today and according to some experts, their extradition to the united states could even take months. —— hour. and if this drags on, it could continue to create volatility that for the moment, asian markets are holding. wejust heard about this letter that huawei has written to its global supply partners. tell us a little bit about that. that is right, it broke its letters to the global partners, basically repeating the line that we got yesterday that the company does not know any wrongdoing and that the company is working with the laws around the world. —— wrote. basically, the company does not have too much information about what she is exactly accused of either, and there is a publication ban brought i meng wanzhou there is a publication ban brought i meng wa nzhou herself there is

imagine meng wanzhou asked him, i'm sorry,... imagine meng wa nzhou was asked him, i'm sorry,...gine meng wanzhou was detained last weekend and you still have not been told an official reason from either canada or make the united states might she was detained and he said that's right, we have heard nothing official from them and they are saying it is a human rights abuse on canada are‘s part detaining someone without giving them any reason. this goes to some big issues between these countries. you mentioned the tensions over huawei but also this concept of us sanctions and weather are not other countries, third act is, should be bound to us sanctions on iran. after all, huawei, is, should be bound to us sanctions on iran. afterall, huawei, a chinese company can say you can have your sanctions are we adhere to united nations sanctions why should we adhere to us sanctions? mind you, huawei the company has said it has been adhering even to those sanctions on iraq. there is a lot to come out about this and we expect an appearance in court, actually, later today in canada and that is

huawei said it was not aware of any wrongdoing by ms meng. technology correspondent dave lee is in san francisco. dave, what more do we know about the arrest of meng wanzhou? yes, well, we know ms meng was arrested on sunday, on december one, there is going to be a hearing on friday in canada, and that will potentially see ms meng extradited to the us. we understand she faces charges that she violated sanctions, us sanctions with iran. we have known for some time that the us department of justice has been looking into huawei and its activities in relation to iran, but we haven't had any more detail about anything that they potentially may have found, although i think that is potentially going to become more clear at that hearing on friday. huawei saying they have had very little information. they have said as faras very little information. they have said as far as they are aware, ms meng hasn't done any kind of wrongdoing, and it added in a statement earlier that it complies with all sanctions in the markets that it operates. but this move, o

meng traveled to canada. the canadians have taken her custody, now released her on bail, pending an extradition hearing. engage throughto legal processes to get the just outcome that's connected to that. we have a set of trade discussions that are ongoing with the chinese, as the chinese have said. we're working on that while all the other issues, not just this particular issue -- we have lots of complicated issues going on with china today, all around the we work on each of those to get good outcomes for the united states of america, respecting the rule of law each step along the way. well.do that here as >> next question, global mail. itminister, it's clear, seems, minister freeland, that these two canadians were detained as a chinese retaliation against the huawei situation. you sort of acknowledge that directly? as well, how is michael crawford doing, when your ambassador met with him in beijing? is theretary pompeo, anything that the u.s. is going to do to lean on china to get them to release these peopl

meng wanzhou says she is innocent, unwell, and won't run away. a 26—year—old man appears in court in new zealand charged with murdering a british backpacker on a round—the—world trip. i'm ben bland in london. also in the programme: indonesian police seize 8,000 songbirds in just one week, all destined for sale on the black market. the steps south korean women take to look the part for their careers, and the growing movement to do it differently. good morning. it is 9:00am in singapore, 1:00am in london and 5:00pm in vancouver, canada, where a top chinese executive is being held over alleged breaches of us sanctions. meng wanzhou, who works for the global telecom firm huawei, says she is innocent of the charges she faces and has applied for bail. china has called the detention extremely bad and a serious violation, but washington says it is a court matter, and won't affect trade talks between the two countries. james ransley has more. it is thought that telecom giant huawei's chief financial officer, meng wanzhou, is being held here in this canadi

meng wa nzhou, huawei's chief financial officer, faces extradition to the united states, meng wa nzhouawei's chief financial officer, faces extradition to the united states, where she is wanted for allegedly violating iran sanctions, but beijing has expressed outrage over her detention. meng wa nzhou, huawei's chief financial officer, faces extradition to the united states, where she is wanted for allegedly violating iran sanctions, —— the list of strict conditions of her release pending the outcome of the extradition case is lengthy, and includes the surrender of her passports and electronic monitoring. 0ur north america correspondent peter bowes reports. another day in court for the chinese telecoms executives, with tensions running high. market is accused of covering up huawei's ties to a company that sold equipment to iran in defiance of sanctions. the us wa nts in defiance of sanctions. the us wants her extradited to face trial. she denies the charges. bail was set at 7.5 million dollars. meng wanzhou will be under constant surveillance and will have to wear an electronic tag. ext

meng wanzhou's court hearing is due to resume on monday. james ransley, bbc news. vote over the deal for britain's exit from the european union will go ahead this week. that's according to the brexit secretary stephen barclay. he said it was the only way to deliver what people had voted for. but there have been predictions of a heavy defeat for the government. here's our political correspondent, iain watson. is she seeking divine intervention? theresa may attended church in her constituency this morning. she's weathered many political storms, but she's still having to fight for her deal and for herjob. some ministers think the outlook is so bleak she should postpone this week's crucial commons vote, but the brexit secretary said it won't be called off. the vote is going ahead, and that's because it is a good deal, it's the only deal, and it's important that we don't let the perfect be the enemy of the good. we're moving to uncharted waters. yes, the prime minister is fighting for us and will continue in post, but the question for... sorry, can she stay on as prime

huawei said it was not aware of any wrongdoing by ms meng and the chinese embassy issued a statement demanding her immediate release. our technology correspondent, dave lee, told me what's likley to happen next. their is going to be a hearing on friday in canada and that would potentially see meng wanzhou extradited to the us, where it is understood she faces charges she violated sanctions, us sanctions with iran. we have known for some time that the us department of justice has been looking into huawei and its activities in relation to iran, but we haven't had any or detail about anything that they potentially may have found. i think that will become more clear at that hearing on friday. huawei saying they have had very little information, they have said that as far as they are aware, meng wanzhou hasn't done any wrongdoing and added ina hasn't done any wrongdoing and added in a statement earlier that it complies with all sanctions in the markets that it operates. this move, of course, will heighten tensions between the us and china, because as cfo of huawei, she is one of the senio

>> i feel happy about meng's release on bail.ugh it is only bail, i still hope the sanctions on huawei could be canceled. sanctions only on china is not fairness. reporter: still, the prospect of meng being used as a bargaining chip increased as u.s. president trump said he would intervene in the case if it was in america's interest. hours before the bail hearing, a former canadian diplomat was arrested in beijing, presumably in retaliationon for meng's arrest. canada's government is still collecting details. >> we are aware of the situation of the canadian detained in china. we have been in direct contact with chinese diplomats and representatives. we are engaged on the file which we take very seriously and of course are providing a assistane to the family. javier: that is all for business. we are keeping an eye on london, brent. brent: will be right back. ♪ [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] stories stories on our twenty ninety

the global chief financial officer, meng wanzhou, has been arrested at the request of us authorities, now faces extradition there, on suspicion she has violated american sanctions on iran. the company has said it is not aware of any wrongdoing, but it is certain to further inflame trade tensions between china and the us, as dave lee in san francisco explains. there is going to be a hearing on friday in canada, and that would essentially see ms meng extradited to the us. we understand she faces charges that she violated us sanctions with iran. we have known for some time that the us department ofjustice has for some time that the us department of justice has been for some time that the us department ofjustice has been looking into huawei and its activities in relation to iran, but we haven't seen any relation to iran, but we haven't seen any more relation to iran, but we haven't seen any more detail about anything that they potentially may have found. i think that is going to become more clear at that hearing on friday, huawei saying they have had very little information. they have sai

meng. again, i think it is very clear that they have a strong legal case for whathey are doing right now. jane: very briefly, canada's position in all of this -- who are they going to be under most pressure from, china or the u.s.? michael: i think they will be under a lot of pressure china. it seems to me like the canadians have already decided where they are going to be on this. they have agreed to arrest ms. meng, which means they have been coordinating with the united states for quite ahile on this for them to back down now, it would be pretty difficult. jane: thanks very much indeed for joining me. the rising trade tensions between america and china are just one area where president trump's promises are being judged against reality. last week, general motors anunced its plans to stop production at five factories and cut arou 14,000 jobs to trim costs. among the plants set for closure is lordstown, ohio, and aleem maqbool has traveled there to see the impact. hialeem: tsingle factory co

we start in vancouver, where in a few hours's time, a court will hear a bail application from meng wa nzhou, the chief financial officer of china's top technology firm, huawei, and the daughter of its founder and president. as you have been hearing, ms meng was arrested on saturday at the request of us authorities, who want her extradited over alleged violation of sanctions against iran. the move has sparked outrage in china and rattled global markets, with investors fearing it signals a dangerous new phase in the trade war between the two economic superpowers. on thursday, key european markets were down more than 3%. the ftse 100 had its worst day since the vote to leave the eu in june 2016. in a moment, we'll be getting the view from china, but first, here's michelle fleury in new york. key west off meng wanzhou has immediately raised tensions between the china and the us at a time it seems that the relationship between the two countries was improving, after that seeming ceasefire was announced between the two countries earlier this week. it is unclear how much the country's politic

meng wanzhou's court hearing is due to resume on monday. james ransley, bbc news.mplications for relations between china and the us. first of all, it this huawei arrest, do you think it is going to impact these are temps between the united states and china to try to resolve their differences? well, the arrest comes at a time when there is expectation from the market regarding trade truce, but at the very core, there are other things, potential issues, such as intellectual property theft, technology transfers that are not really addressed, and the 90 day timeline is quite ambitious. and i think going forward, having a strict deadline will not really resolve the issue. you talk about the 90 day deadline being ambitious, at the time it was announced, pinawa describing it as some sort of truce and we are now hearing some comments on the top us trade official, robert lighthizer, that said that the deadline, the 90 days won't be extended beyond that time. what do you think he means by that? extended beyond that time. what do you think he means by thanm extended beyond th

it says it is a breach of meng wanzhou's says it is a breach of meng wa nzhou's human rights says itch of meng wanzhou's human rights and they have demanded that she be released immediately. thank you. the father of a young british backpacker missing in new zealand has made an emotional appeal for help to find her. david millane says his family is "extremely concerned" about his daughter grace, who was last seen in auckland on saturday, the day before her 22nd birthday. police say they "hold grave fears for her safety". helena lee has more. where is grace millane? the 22—year—old recently graduated from university. she was in new zealand as part of a round—the—world trip. now missing for six days, she's at the centre of a huge police search. today, her father flew to the country to appeal for help finding his daughter. we last had contact with her on saturday ist december. and, as family, we've been extremely concerned for her welfare. grace is a lovely, outgoing, fun—loving, family—orientated daughter. grace has never been out of contact for this amount of time. she's usually in dai

our top story: court documents released in canada show that the detained huawei executive meng wanzhou has asked for bail on the grounds that she is innocent, unwell, and won't flee the country. over a week after she was first detained in vancouver, the huawei chief financial office will be back in court later on monday for her bail application. a man has appeard in court in new zealand charged with murdering a british backpacker. on sunday, police investigating the murder of grace millane found a body on the outskirts of auckland. and this story is trending on bbc.com. manchester city striker raheem sterling has accused some british newspapers of fuelling racism with the way they portray young black footballers. sterling's comments came after he suffered alleged racist abuse during a match. that's all. stay with bbc world news. and the top story in the uk: theresa may has spoken to the irish prime minister, leo varadkar, as she tries to rally support for her brexit deal. she is under pressure from some conservative backbenchers to delay tuesday's parliamentary vote. now on bbc news, l

that is a tight leash indeed for meng wanzhou in canada. yes, absolutely.ase is extradition proceedings. the us has six days from arrest to lodge formal application for extradition. the process could take an awful long time. experts say even years as the process could go through an number of appeals. so leased that time it does seem that meng wanzhou will not have to spend that in a canadian jail, but instead will spend it in one of the two homes that she owns in canada and then those proceedings will presumably get under way fairly shortly. the next court date will be the beginning of february next year. dave lee. a day after pratel shock exit from the central bank of india, shaktikanta exit from the central bank of india, sha ktika nta das has exit from the central bank of india, shaktikanta das has been appointed. narendra modi's government has allegedly been threatening the central bank's independence. mr shaktikanta central bank's independence. mr sha ktika nta das has central bank's independence. mr shaktikanta das has been appointed as the 25th gover

who and the chief financial officer meng wa nzhou who is and the chief financial officer meng wanzhou for her freedom, as it were. the china they are walking as serious tightrope and it brings to the fore one of the main issues and reasons why the white house is at odds with china in terms of trade. this is further strain on the relationship. the us alleging she conspired to use a subsidiary buying millions of dollars into or on which violate us laws. they have arrested her while changing planes in canada. this relationship is just getting worse and worse. they had the trade wars, this sort of pause and suddenly this happens and this affects us tech companies. however we resolve these, what then happens to relations and these tech giants in the us who rely ona these tech giants in the us who rely on a really strong relationship with china. the ramifications and ripple effect a pretty huge for apple and technology companies but at the same time the us is saying these guys are not playing by the rules and if they are violating sanctions we cannot turn a blind eye or can they?” are viola

so meng was arrested in vancouver airport. two homes here worth many million dollars, and she's had children who went to school here, so she has a personal connection to canada, but her company has sweeping partnerships with canadian companies and universities. mostly it's to do with telecom networks, developing sg interconnected networks. canada's actually, among western countries, is one that has continued to work with huawei despite many security experts warning against this. let's get some of the day's other news. angela merkel‘s protege annegret kramp—karrenbauer has been elected the new leader of germany's governing christian democrats. the 56—year—old who's known as akk, won the most support in two rounds of voting by party delegates in hamburg. mrs merkel will remain german chancellor for now although she has signalled her desire to stay in post until the end of her fourth term in 2021. a us court has found a white supremacist guilty of murdering a woman when he drove his car into a crowd of anti—fascist demonstrators

they want meng to appear at a federal court in new york as the u.s. government looks into whether huawei violated iranian sanctions. the bail hearing is tentatively set for friday huawei says the company has been provided very little information regarding the charges and is not aware of any wrongdoing by ms. meng the spokesperson added that huawei complies with laws and regulations everywhere it operates the chinese have also condemned the move saying through the embassy in canada that they firmly oppose this move and called it a gross violation of human rights the timing is raising questions about the u.s.'s intentions. canadian officials say meng was arrested on december 1st, the same day that presidents trump and xi were sitting down for din tore work out a trade deal the speculation is that this is a warning from the united states that it is serious about china changing underhanded practices some u.s. business executives say the tactic could backfire. they say that president xi jinping won't want to look weak and they now fear retribution. ms. men

to remind audiences of what has actually happened, meng wanzhou, the what has actually happened, meng daughter of what has actually happened, meng wanzhou, the daughter of the founder of huawei and the firm's chief financial officer and deputy chair, so financial officer and deputy chair, so she is a pretty important person in the company, she was actually arrested in canada when she was transferring flight they are, according to huawei. details of this arrest have yet to be released, but thatis arrest have yet to be released, but that is because she has asked canada for them not to be published. what we do know is that her bail hearing on friday. as you are saying, she faces extradition to the united states, where it is at understood that she is being accused of breaking the country's trade sanctions with iran. but sally, exactly what this means is still unclear. but earlier in the year, us authorities had announced that they are investigating huawei. in a statement, huawei has said that it has been given very little information about these charges, and is not aware of any wrongdoing

the arrest of meng has struck a nerve here. the china daily or global times editorial, rather, was calling it a despicable move. they are saying it was just an attempt to thwart a competitor. china has labeled this a human rights violation. there are no details on the charges against meng. there is a publication ban and that came at her request. but this company huawei has long been on the radar of u.s. investigators and they are reportedly looking into possible violations of sanctions against iran. now, meng will appear at a bail hearing in vancouver today. canadian prime minister justin trudeau said his government had no involvement in this. this was the police acting on a request from the united states. and it happened on december 1st, just as president trump and xi jinping were sitting down to that dinner at the g20. it's unclear how much each side knew about the arrest, but they didn't appear to let it interfere with their negotiations. however, this is coming at a critical juncture for relations between the u.s. and china

meng wanzhou was arrested in vancouver airport.lion dollars and had children who went to school here so she has a personal connection to canada but company has sweeping partnerships with canadian and universities. mostly it's to do with telecom networks. five g into connected networks. five g into connected networks. canada among western countries is one that has continued to work with huawei despite many security experts warning against it in the uk, the us, new zealand... 0h, in the uk, the us, new zealand... oh, it looks like we might have lost but that the oh... that looks like we are having a little bit of trouble with the lion in vancouver. joanna, can you hear me? ijust want to continue the discussion around china's point of view in this. yes, i... it looks like we've lost her. a bit more about that huawei case in canada later on in the programme. let's get some of the day's other news. a us court has found a white supremacist guilty of murdering a woman when he drove his car into a crowd of anti—fascist demonstrators in cha

meng wanzhou's court hearing is due to resume on monday. james ransley, bbc news.r market analyst at city indexjoins me now. nice to see you. you were listening in to that story. of course, this has been developing since the middle of last week. give us your take on the significance of this and to the trade dispute between the us and china. it is extremely important. we had come out of the g20 where they looked to be some progress. things looked to be some progress. things looked as if things were going in the right direction. suddenly, this arrest really could derail the progress made. china is absolutely furious with the moves by the us with the arrests and also threatens to bring in canada into this. it involves other countries it now. in terms of what this could mean going forward , terms of what this could mean going forward, we are in the period of time, the 90 day truce were at the us and china agreed not to increase tariffs, but this exacerbates the difficulties because it focuses on theissue difficulties because it focuses on the issue of technology and se

meng's fate will be decided. if she is extradited, it could take months, and she faces 30 years in prison. frances? >> all right, thank you. >>> it was a wild day of football capped off with a possible preview of the nfc championship game. the bears versus the rams, who have been unstoppable until sunday night. chicago's defense absolutely smothered the high-octane offense led by jared goff. they went into halftime tied at 6, but early in the second, eddie block beats the block for safety to give the bears the lead. chicago not give up a touchdown and picked off goff four times. bears win it, 15-6. >>> now to jerry's spaceship in arlington. an afc east showdown, eagles/cowboys. philly picked off dak prescott twice. the second set up an easy touchdown for philly in the third. but the big story was amari cooper, recently acquired receiver. he caught three touchdowns and 217 yards receiving as well. but the biggest catch was the last one he made in overtime. the ball gets tipped here, cooper grabs it and runs it rig

so restore the personal freedom of ms meng wanzhou.definitely a strong statement from beijing, and of course it comes at a time when the two countries, the us and china, are locked in a trade war. clearly more to come on this. for the moment, thank you very much. six personnel from the us marine corps are missing in the seas off japan, where two aircraft collided while trying to refuel. a statement from the corps talks of a mishap during a regular training operation. one of the missing marines has been recovered from the sea alive. rupert wingfield—hayes, our tokyo correspondent, joins us now. rupert, what can you confirm he? what is the latest? that's right, mike. as you said, six personnel still missing, and ongoing search and rescue operation taking place 200 miles off the south—west coast of japan 200 miles off the south—west coast ofjapan in the pacific ocean. the us marine corps is stilljust calling this a mishap, but off the record we understand that it happened while this f—18 fighter record we understand that it happened while

the pressure could come in severalforms meng wanzhou?hat there will be not a tit—for—tat retaliation in any way but some limitations on incoming chinese investment into the country and also reduction of research and development funds that huawei and other chinese companies are putting here. they are pushing... this is something that puts canada in the middle of a crossfire between the united states and china. to some extent, china understands the pressures but also the rules that control extradition proceedings between the us and china. and finally this is a very difficult issue for huawei because canada is one of the country is still considering major huawei investment in our five gee system. so there is a natural reaction to this at the same time the calculation may be to wait and see how the hearings move and then the extradition hearings that will start sometime shortly thereafter. you talk about crossfire between china and the united states. i want to hear of canada is a victim in all of this that really this is about china and the

if that is true, meng wanzhou is chinese tech.f that is true, meng wa nzhou is definitely chinese tech. if that is true, meng wanzhou is definitely its princess. what are canada saying about this because they have been accused of being political about it, accusations they are denying? they have been categorical, they say they arejust have been categorical, they say they are just following the rules and regulations. i don't think china necessarily sees it that way. lots of comments coming out of chinese commentators, chinese state media and opinion piece in the global times in fact, many viewing this as an attack, notjust aren't huawei but on china's ambitions on the global stage. i cannot overstate the symbolism and significance of this because on the day that the chinese president and president trump were sitting down over dinner to discuss apogee 20 how to solve the trade war, it has been revealed that that was the same day meng wanzhou was arrested in vancouver. a lot of people in china are asking why has this happened at this

meng wanzhou was arrested in vancouver a week ago and faces extradition to the united states, accused

with meng in which they have sflated the chairman as acting cfo. meng was cfo before monk. the they were tryin to tell suppliers it won't have an impact. they said the u.s. move was against the o spirit free economy and fair competition. and went on to say regardless of how unreasonable the approach becomes, the partnerships we have with our global suppliers will stay hunchanged. whpens to meng could complicate trade negotiations between the u.s. andna c officially the chinese government isn't directly linking meng's arrest to the trade talks but unofficially thd stayed is arguing it's a political decision and a w to stifleuawei and china tech ambitions. w the saying president trump wasn't aware of the arrest before his negotiations with president xi. separately there is report that the japan is considering restrictions for gear made maid by huawei and zte. they say meeting could take places early as monday. >>> it time to look at some of today's upgrades and downgrades. tesla was tupgraded buy from hold at jefferiys. the analyst says the electric car maker has demonstrate

meng should be granted bail while the hearings get underway. discussions are still going on right now.it if she is extr, of course, she faces potentially big trouble in the u.s. u.s. prosecuto believe they have evidence that huawei was ary calledcret subsi skycom in order to trade with iran in violation of tho sanctions, and in order to do that they had to deceive financial institutions in termsw re the money was going and where the source of the money was. politically, as you say, this has become quite an ordeal beeen the u.s. and china. beijing has made it clear -- they are incensed about what has haleened. they cthe arrest a breach of meng's human rights and demand her immediate release. today is stage one of what could be a very lengthy process. rajini: and so we are hearing that the u.s. is accusing huawei of trying to obstruct this investigatn. what more can you tell us about that? dave: well, we know that huawei has been under suspicion for some time about links to the chinese government, and particularly the company has been under threa

. >> a judge in vancouver has signaled opposition to a bail request by meng. he voiced doubts about her suitability saying it's impossible to guarantee she wouldn't become a flight risk. meng's husband had said he would get basement fears between geopolitical concerns makes some investors nervous about 2019. the global economy is increasingly being seen as operating late in the cycle and has some wondering if he might see a repeat of shadowing events in the past. the drama of a decade ago could happen again. >> there'll be some point in 2019 when the markets are up on the year and there will be a beta geez and all that deleveraging is going to go back in the market. 2007 -- 2007 is a great example. the last hike was in 2006. stock market did great all the way until october. can we have a scenario like that again, i think it's really possible. >> evan snowden has added his voice for google to stay out of china. speaking on the eve of the testimony to congress. a combination of human rights groups and activists, including snowden, wanted more details on google's

ms meng is huawei's chief financial officer and a daughter of the company's founder. prime ministerjustin trudeau spoke a short time ago and says his government had no involvement in the arrest. we were advised by them, with a few days' notice, that this was in the works but, of course, there was no engagement or involvement in the political level in this decision because we respect the independence of ourjudicial processes. further to that i have not had any direct or indirect conversation with any of my international counterparts on this. and china's been commenting too — the foreign ministry spokesperson, geng shuang, said china strictly adhered to all un security council resolutions but opposed unilateral sanctions of the type which huawei is accused of violating. translation: i can't discuss the details of this case here, but what i can tell you is that, after learning about it, we've made solemn representations to canada and the us. we've demanded that both parties immediately clarify the reasons for this detention, and that they immediately release the detainee

now, lawyers are opposing bail for meng. they say she's wealthy and has the means to be a flight risk, that she's used at least seven passports in the last 11 years. meng, at this point denies all of the allegations against her. here in china there is fury at what a lot of people see as the u.s. taking a competitive swipe at huawei, and the timing couldn't be worse. coming just days into this fragile truce between president trump and china's president xi jing ping to avert an all-out trade war, and that is the concern right now. we're seeing it reflected in the markets. the sense of uncertainty over whether this cease-fire will implode and eventually derail the trade talks that are supposed to come up with a deal in the next 90 days. now, a lot of the anger here is also directed at canada for carrying out the arrest at the request of the united states. all eyes will be on that courtroom in vancouver today where meng's bail hearing will resume. the extradition, if it happens, could take months, but she could face 30 years in

meng. she is so prominent in china and this is terrible. the trade talks, according to a chinese statement yesterday, that the president tweeted last night, he says i agree with the statement, the chinese commerce ministry is saying we are confident there will be a good outcome of the talks within 90 days. the teams are working together already. it took some time for president xi and his team to get home. they stopped important goal. they stayed in argentina. they stayed in panama. there has not been immediate results since the dinner last saturday for good reason. i am quite confident this is not going to affect the trade talks. the criticism of president trump seems to be whenever there is an opportunity everyone has to attack can. him. host: the markets don't seem to like the back and forth either. is anotherpowell factor, but the huge drop began to as the market realize it is not as bad as it sounds and the president did not know, and in the chinese statement last night, stunning. president trump's reelection to some degree will hang on

canada indicating meng was not making a political judgment.in canada there has been to this point no political interference in this issue at all. for canada, this is a question of living up to our international treaty obligations and following the rule of law in canada and that is something which has happened frequently. canada is a rule of law country. we discussed this in our opening remarks, we are countries with deeply shared democratic values, those values include the fact that in both countries we have a deep regard for the rule of law and a strong and independent judiciary and that's one of the reasons canada and the united states feel comfortable with the existence of an extradition treaty between our two countries . having said all of that, canada is clearly of the view that extradition, the extradition process, the criminal justice process. this is not a tool that should be used for political gain. >> .. >> .. other citizens properly. the detens of these two citizens in china ought to end. >> cnn elise labth. >> thank you mr. secreta

known as sabrina meng u.s.fficials want meng to appear at a federal court in new york as part of their investigation into whether huawei had violated iranian sanctions. her bail hearing is tentatively set for friday the news has sent shockwaves through the business community here because meng is not just any old senior executive, she's the daughter of huawei's founder, ren zhengfei. so that has raised yao brow ey. the timing is also questioned. people have been checking out the date because canadian officials say she was arrested on december 1st, the exact same day that president trump and president xi were sitting down for dinner to work out the trade deal over the weekend. so that's been raising a lot of speculation here that perhaps this is a message from the u.s. government to china as well as itse its companies that they need to abide by certain international standards and stop with what washington believes are unfair trade practices. huawei issued a statement about meng saying the company has been provide

michael: what has markets upset is the rest of meng wanzhou. she is not just any cfo, she is the daughter of the founder, and huawei is not just any chinese company, it is the key effort of control the future. it sells more smartphones than apple, is bigger than boeing, leads the world in five g technology, and is prepared to take on the u.s.'s biggest chipmakers. accused of transfer violating sanctions involving iran and also technology transfer and intellectual property. she was arrested on saturday, the same day trump, in theory, striking a trade deal with chinese president xi jinping. the chinese say she should be released. either way, they are likely to view this of a major escalation in tensions. david: you pointed out a question whether they are linked up together. it is a pretty, straightforward criminal investigation for violations up iran sanctions laws. on the other hand, asking when out, 5g, the government concerned about allies, saying do not use their stuff. the chinese whenever believe that you are not related. michael: -- the tw

meng.ome executives who i have been talking to here say if this is a pressure tactic, it might back fire because meng is so high level in her status. they say that china is going to want her to have her come back. that president xi jinping will not want to appear weak. they are worried about tit for tat treatment as well as the impact on the negotiations because they see this as just going to make things that much harder for the two sides to see eye to eye. >> thank you for that. jim, are you looking for the possibility of american executive being arrested, as well >> no. i think it will be a lot of working. can someone be detained? >> they just literally agreed to be able to buy a lot of our goods. what a huge loss to face if they do that. all the elites say we are a pitiful helpless giant versus china. they never seen anybody like trump. he is a different kind of crazy. >> indeed. what is to stop them from nodding politely at every summit, making vague promises and never following through

meng wanzhou was told she faces fraud charges in the united states.the company's founder — and also huawei's chief financial officer. ms wanzhou now faces prosecution in the us, for allegedly trying to get round sanctions on iran. details of the charges against her were revealed in a bail hearing in the canadian city of vancouver. our business correspondent dave lee is there and has been following events. this hearing is still going on in the court today was whether ms meng should be granted bail, those proceedings could take an awful long time, years maybe, and if she is extradited to the us, she faces multiple charges of bank fraud, prosecutors in the us believing they have found evidence that huawei was using an unofficial subsidiary called skycom in order to do business with iran, in violation of those sanctions. and that they intended to deceive financial institutions in order to do it. politically this comes at a tought time when us— china relations are rocky, particularly on trade. beijing has made it clear that it is incensed about this arrest

meng wanzhou has been in prison for days. she is accused of helping the country viviolate a sanction on iran. >> china has expressed its syria's position on this case to both canada and the united states. we are demanding the reason for her arrest to be clarified immediately. we're also demanding her release and for her rights to be safeguarded. >> men's detention comes as -- meng's detention comes as huawei faces s increasing s scrutiny fm abroad. u.s. lawmakers have d described the company ass a threat to u.s. security, saying its technology could be used for spying. other countries, like australia and new zealand, share thosose concerns and have banned huawei 'ss equipment from being used in their highgh-speed networks. this is an especially sensitive time in the chinese u.s. relationship. the leaders agreed to a 90 day truce in the trade dispute. the u.s. decision to target one of china's most important tech giants is only likely to read at night tensions. brent: we will be back later with more on the unrest in those econ

meng. all right, eunice we've got a great guest. a couple of great guests to talk about this among other things. for reaction on this story and the latest on this and much more, we're joined by josh bolten later this morning, the ceo roundtable is going to host a summit our own becky quick will be live at the summit with jamie dimon, randall stephenson and also with us, david novak, the co-founder of former yum brands chairman and ceo and he continues to climb the ladder of success. he's now a cnbc contributor. it's just one thing after another. you just keep exceeding every expectation. >> it's a key experience to be on the show here >> thanks for being here >> josh, where do start, i don't think i can start with -- you know 43 so well, i think all of us did you have dry eyes yesterday when he broke down towards the end of his eulogy? and then we'll get to the substantive issues but that was an an unbelievable day for everyone who either watched or part of it, i would imagine. >> it's been

they want meng wanzhou to go to new york and face charges.omething china isn't happy about. it is not happening in a bubble. there is this trade war, you'll remember, going on between the united states and china. there's negotiations that were agreed just a couple of days ago between president xi and president trump, when they sat down for dinner buenos aires during the g-20. they agreed to negotiate over a series offish shoo you issues h a negotiation. it was going to be difficult enough. when you throw in the arrest of a high businesswoman from china, it won't get easier. the question, did president trump know about this arrest before he sat down with president xi? his advisers are saying, no, he didn't. that's what beijing will try to figure out. is this the judicial system following its independent course in the united states, or is this politically motivated? that's what is going to be crucial moving forward when we're looking at the tone of the negotiations over this trade war. >> hopefully we learn more about the charges, as well. matt