the country's ministry of commerce issued new rules that ban or restrict certain technologies for export. microsoft, walmart and other companies have been looking at acquiring that the social media company that is been under pressure in the u.s. over security concerns. >>> "black panther" star chadwick boseman died friday. the tweet from his account announcing the actor's death is the most liked tweet ever. with more than 7 million likes. the previous record holder was a 2017 tweet from former president barack obama responded to the violence in charlottesville, virginia. that's tweet has about 4 million likes. >>> that is your cbs money watch report, from morehead to cbsmoneywatch.com. >>> we lost a superhero. >> i don't think it is coincidence that chadwick boseman became "black panther." a role like that is fate. >> new this morning honoring chadwick boseman, a makeshift memorial at howard university as a tribute for the actor that died friday of colon cancer. he was a graduate of howard and spoke at the graduation in 2018. the "black panther" star was honored at mtv's video music awar

committed to taking the steps necessary to ensure the success of the agreement then china's ministry of commerce also released a statement which they said the 2 sides agreed to create conditions and atmosphere to continue pushing forward toward the implementation of this trade deal now.

here we can see all the factories on the banks of the tarmac we've compiled data from the ministry of commerce to provide a clearer picture 75 percent of their production is destined for export in particular to the american and european markets. one of the biggest export is in the country is the just text group. getting access is difficult but the company eventually agrees to let us in. the factory has a workforce of 4 and a half 1000 just taxes cheap product is polyester fabric a synthetic material that requires a lot of chemicals to make. the group does most of its business with large clothing retailers. these buildings have around $1000.00 machines running 24 hours a day 7 days a week. in total the factory turns out almost 3000000 meters of fabric a month. the fabric is produced using water that is full of chemicals. and. the we see water is then discharged into the settling tanks. this is always what the bit but. the size is. a myth that we have and i don't mean the length and then the depth is i don't think smith that it will look a lot for the shooting going to the boys likely. to be. go

committed to taking the steps necessary to ensure the success of the agreement then china's ministry of commerce also released a statement in which they said the truth.

committed to taking the steps necessary to ensure the success of the agreement then china's ministry of commerce also released a statement in which they said the 2 sides agreed to create conditions and atmosphere to continue pushing forward. toward the implementation of this trade deal of the major topics here were the protection of intellectual property rights and also china's commitments to purchasing significantly more products from the u.s. now this call was largely seen as a way to clear the air between the 2 countries to talk about how phase one of the trade deal has been implemented and then also to look at setting the stage for negotiations to go into phase 2 deal well rachel there seem to be a lot of remaining disagreements on the table from from both sides when it comes to social media platforms or is also on the tip technology front you mentioned intellectually until actual property theft what's going on there where you're really seeing this latest fight over to talk and we chat ramp up in recent weeks and it seems to be sort of those last frontier in the trade war that we're talking

here we can see all the factories on the banks of the tarmac we've compiled data from the ministry of commerce to provide a clearer picture 75 percent of their production is destined for export in particular to the american and european markets. one of the biggest export is in the country is the just text group. getting access is difficult but the company eventually agrees to let us in. the factory has a workforce of 4 and a half 1000 just taxes cheap product is polyester fabric a synthetic material that requires a lot of chemicals to make. the group does most of its business with large clothing retailers. these buildings have around $1000.00 machines running 24 hours a day 7 days a week. in total the factory turns out almost 3000000 meters of fabric a month. the fabric is produced using water that is full of chemicals. the we see water is then discharged into the settling tanks. so i made it out away but the bit. the size. they made that way and that made the leg and then the depth is i don't think that it will look a lot for the truth i'm going to do is likely. going to really. move nothing

here we can see all the factories on the banks of the tarmac we've compiled data from the ministry of commerce to provide a clearer picture 75 percent of their production is destined for export in particular to the american and european markets. one of the biggest export is in the country is the just text group. getting access is difficult but the company eventually agrees to let us in. the factory has a workforce of 4 and a half 1000 just taxes cheap product is polyester fabric a synthetic material that requires a lot of chemicals to make. the group does most of its business with large clothing retailers. these buildings have around $1000.00 machines running 24 hours a day 7 days a week. in total the factory turns out almost 3000000 meters of fabric a month. the fabric is produced using water that is full of chemicals. the we see water is then discharged into the settling tanks. because i always thought the bit. the size is. a myth that we have and i don't mean the length and then the depth is i'll say smith that if you like to look for the truth i'm going to do is likely. to be. less than a

the country's ministry of commerce issued rules that ban or restrict certain technologies from export walmart and other companies have been looking at acquiring the social media company. >> with some leaning supplies hard to find right now, i hear that disinfecting wipes her back up for grabs at a price though. how much are we talking? >> reporter: yeah, it's not going to be cheap. some things have come back. we have refurbished toilet paper, that is refurbished. other supplies like paper towels, you can find those. but disinfectant wipes i still had to find. -- here's the cost, 46 bucks for the products, that is because they are still in high demand apparently and out of stock in many places. by the way this is the first time the spray has been available at amazon in months. that is why they are able to get the price that high and oplewill uy it. >> not this person, fo$4 guess people don't have a choice. >> same here. >> thank you. >> thank you. >>> a california girl is on the mend after nearly losing her life to a condition linked to covid-19 in children. that is next on kpix 5 and

have agreed to have a call soon to discuss the progress of their trade deal according to the commerce ministry of beijing. stocks pairing off slightly on the news, sentiment dropping in much of the world after the fed signaled additional concern of the pandemic weighing in on the economy. , we get the july minutes from the ecb. -- next, we get the july minutes from the ecb. peter, what was your main takeaway yesterday? else, weike anybody looked at the negative side of it is annd i think marketso selloff, but discover things in the details that they did not discover in the initial review. we have moved on a little in terms of where we are with the economy. the fact that the economy appears to be -- the recovery appears to be stalling a bit. that is backed up by sort of the more negative toll from those weorts, and certainly, affirm the view that there are significant headwinds for the u.s. and the global economy as we look forward to the year. the economyt if gets worse, peter, good the fed do more? p -- could the fed do more? "worse,"would not say just not as good. kind of a glass half-full.

of the strength. i will say one thing, the commerce energy flash is important and perhaps too late on the session the fact that the commerce ministry said look, we didn't have trade talks in the weekend and they should have in the coming days, should it have some comfort on those that are worried in the headlines of the u.s./china relationship. >>> geoff, thank you so much let's bring in our first guest this morning thank you for being with us to share your thoughts. it being looks as though sentiments have soured on both sides. what was your interpretation of those minutes? and has anything changed the global narrative in your view? >> good morning. we think the environment remains unchanged and that it would be very much ongoing. there is nothing in the minutes that changes the narratives for us the risks are in the medium term and growth rates picking up. they are the medium term only and not short-term risk. we've increased to four and a half percent and increased waiting in european equity in large and midcaps. >> is that predicated on the view that short term we see cyclical stocks outperform short-term stocks? explain to us

with details of these new regulations because our bloomberg opinion columnist has likened it to somebody buying kfc but not being allowed to use herbs and spices. onchina's commerce ministrysed its list of products and technology it wants to restrict if a chinese company wants to sell them to a foreign entity. these includes interface technologies like speech and text recognition and personalized recommendations so these are the features that made tiktok viral. it was known for tailoring different viral video clips for users across the world. it reported the company was wanting to seek government approval for the sale of tiktok 's u.s. operations. the timing is especially interesting because the revised scheme came shortly after -- show the deals will become more complicated. talk about complicated, how will this affect tiktok's sale given the deadline for an acquisition is just two weeks away. zheping: right. needse thing, bytedance to meet the deadline, meet the chinese requirements, and the procedure for the application, , will take up to 30 days, so it is a bit difficult for them to satisfy both governments at the same time. also, from beijing's perspective, the new r

of huawei, and other companies. from thetest ban commerce department was adding to the economic blacklist some 30 huawei affiliate in 31 countries. this,is not happy about the ministryign affairs said this is nothing short of bullying from the united states. they went on to say the u.s. has been abusing their state power in the name of international security, and went further to say that the u.s. is an empire of hackers, and that this move against wally would backfire -- backfire.awei would haslinda: all right, our chief north asia correspondent, stephen engle. still coming up, shares of wisetech global are seeing a spike in sydney. we speak to the ceo, richard white, later on. this is bloomberg. ♪ a look, wisetech shares in australia rising as much as 30% after its earnings target topped estimates for 2021. we saw the income of the software solutions come income in at just over 160 million aussie dollar's, up over 200% last year. wisetech with an infidel for the full year of 2021 between 155-180 million aussie dollar's, 510revenue climbing to million. ceo richard white joins us exclusively from sydney. seems like this is a good set of numbers. the market certainly

taiwan has declared the domestic branch of the chinese e-commerce platform as a potential security risk the allens economic ministry is concerned user data could be sent to beijing taiwan imposes stricter rules for chinese companies and wants a firm to be registered. algeria's investigative unit has found the government of cyprus old passports to senior officials and politicians who are classified as high risk for money laundering and corruption by the european union the findings are in the cyprus paper is a large scale leak of documents obtained by al-jazeera in our 2nd report that davis reveals the country made millions of dollars selling citizenship violating e.u. untie corruption was the fighting in the afghan parliament that began after the narrow election victory of miramonte ramani a speaker of the lower house he's a former general who became a businessman. what's not been public until now is that 2 years earlier romani paid 2 and a half $1000000.00 to buy himself and his family so-called golden passports from cyprus. among 2 and off 1000 names we've seen in confidential government papers many new cypriot ci

foreign ministry to brief -- in the briefing to blast this decision from the commerce department, basically holding a loophole is how the secretary wilber ross said, by adding some 38 affiliates ofwei in 21 countries to this blacklist. the ministry of foreign affairs in beijing say they oppose discrediting chinese companies. beeni said the u.s. has abusing their state power in the guise of national security. he called the u.s. empire hackers and said the move would backfire. sharp words coming from beijing following the second round of a crackdown on huawei. that was in addition to curves that were announced earlier. in a separate story, we also hear the extradition hearings in canada for huawei's cfo will proceed this week in british columbia behind closed doors. apparently the legal team wants to see some documents that have not necessarily been released, they are classified. the defense team believes those 38 or so documents, out of 400 that have been released, could help exonerate her, saying the arrest by canada at the behest of the u.s. the extradition request perhaps violated her rights. haidi: our chief north asia correspondent, stephen engle. let's get a quick check of

steve: larry let me ask you final question and it regards breaking news of the chinese commerce ministrystates. going to be on the phone, going to start in the next couple of days what else can you tell us? >> well look, that was originally scheduled as a normal review of the phase i trade deal another, i might add, president trump accomplishment. actually, you talked about lighthizer, our trade ambassador they're doing basically what they should be doing. they're buying a ton of commodities particularly agriculture commodities probably the best we've seen in at least a half a dozen years. i'm not saying we know yet. steve: so this is just a review, larry or something new? >> no, no, no, this was scheduled. it's part of the process, part of the governance process of this large trade deal. it was on again off again, that's all that was was scheduling issues. it's a normal review. we have many huge complaints about china. many. no time this morning for that, but on the trade deal, we are engaged, and as i said ambassador lighthizer believes that china is following their script so so far so

commerce ministry says they will be in hung -- in touch. president trump says he is unhappy with china's handling of the coronavirus. russian opposition leader is in a coma after suspected poisoning. his supporters blame president putin. his frequent claims of corruption at the highest levels of the russian government has made him powerful enemies. north korean leader kim jong-un is promoting his sister as he warns the economy faces major challenges. he told party leaders the country faces unexpected threats in a range of areas, and its development has been seriously delayed. his sister will now be in charge of relations with south korea, as the north tackles sanctions, widespread flooding, and the pandemic. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm karina mitchell. this is bloomberg. alibaba reporting first-quarter earnings and revenue that beat estimates, with sales almost back to pre-pandemic levels. at the same time, the chinese e-commerce giant appealed to president trump that its u.s. presence is not a securi

commerce department on monday to impose new sanctions restricting any foreign semiconductor manufacturers from selling chips made using u.s. technology to walk away without a special license the chinese foreign ministry of foreign affairs continued its full throated rebuttal of government action against chinese tech companies leave early should what the us has done has completely the big leaf of the market economy and fair competition principles that the u.s. has advocated violating international trade rules undermining the global industrial chain supply chain and value chain it will inevitably damage u.s. national interests and its own image that's we urge the u.s. to immediately correct its mistakes stop you'll entering china and stop suppressing u.s. companies the chinese government will continue to take necessary measures to safeguard the legitimate rights and interests chinese company was. in the medical and pharmaceutical world cup at 19 is virtually the only discussion in america and there's been almost no discussion of another major issue opioids now america's opiate crisis is back in the headlines as states are asking for around $26400000000.00 for major pharmaceutical industry players to help

commerce ministry said -- a senior official said the u.s. should end restrictions and discriminatory actions against chinese firms and added the u.s. export controls undoubtedly, the official said, affected chinese purchases one of big centerpieces, of course, of the trade deal was to get china to buy more american goods. morgan stanley has said that china has fallen far short saying that overall the brokerage firm believes that china hid 30% of its annual target for the first half of this year. agriculture, energy were some of the laggards when it comes to soybeans the chinese made progress on other reforms in the trade deal. for example, removing restrictions on beef imports for the first time since 2003. importing lng announcing more ipr protection guidelines and then lifting the foreign ownership limits on securities and fund management. in fact, the top banker, central bank governor, said earlier this week that china does indeed plan to honor the trade deal and believes that it is committed to following through on its pledges. now, economically speaking, it makes a whole lot of sense that china would want to make sure that it does push ahead with this trade deal. it doesn't want to see anymore economic turm