nokia and ericsson are not that.are not that far behind, they could create a compelling answer, and i think the investment war is continuing to be there, they are playing a little bit of catch up but they are not that far behind. when it comes to the diplomacy and politics within the big players in the world, the us saying to the uk, look, if you guys work with huawei we are going to share intelligence with you going forward. there is that threat going forward. there is that threat going forward. there is that threat going forward. there is that threat. it is interesting. the legislation in china is very similar to legislation in the united states american companies are required to provide information back to the nsa by us law, which put through by donald trump when he was breaking the budget deadlock a little over a year ago. so the sort of rules do exist, the question is how much do you expect the government to trust the privacy of its citizens? that is the fundamental question. unfortunately we do not have enough

they why they haven't stepped up even if you take quote way out of the equation where ericsson and nokia saying we can do is talk to us we can work out. a way to fix your systems we don't have the same pose the same security risks. but you're so that whole aspect of the dialogue is missing and what's also missing is the european governments which are building at these 5 networks who are not saying we'd like to look at the european companies 1st now i know the competition rules and come into effect there but at the same time perfectly legitimate things to say wouldn't it be you would think so right that did you go for this sort of a the domestic market as much as certainly as much as you would for the for the chinese government option and they've been very good for we've been very good at selling the fact that they cheap that they have the equipment. but they just seem to be just better at marketing give it to them thank you for this inside. trying to get to the right camera there we are we continue with china has just been days after a so-called phase one trade deal was announced trouble

nokia, which is based in finland, and ericcson based in sweden. been struggling, especially nokia, both to keep up with 5g telecom technology, but also on the pricing front. shery: alistair barr, thank you. our tech editor in san francisco. earlier, state department deputy assistant rob strayer told us where he sees the agency putting its money in a bid to find a viable alternative to huawei. mr. strayer: when people talk about competition in this space, the largely they are focused on the radio access network vendors. there are three alternatives which are erickson, nokia and samsung. beyond that, the components that go into a lot of this gear are american or at least western european. those include companies like andcomm, juniper, intel, numerous other companies that are in the u.s. gain of company stand to from selecting a trusted radio access network vendor for a future technology. taylor: in europe, i think germany and france had been hesitant to block or ban a specific of any like huawei or cte. how do you work with them to get them on board

was going up to helsinki all the time because they were on the cutting edge of mobile phones with nokia and a bunch of other mobile phones providers. so, this is just like the next step. the fins are in the next stage of the internet which happens to be mobility and the question is whether they can -- nokia was huge for a while and then it clicked got eclipsed by basically apple and the question is whether the fins can become world leaders in these apps that move us around or if they will get swallowed up by someone like google. >> host: and other city featured in "hop, skip, go" is jakarta. what's going on there? >> guest: well, jakarta has some of the worst traffic in the world and so there is a company there that has turned these motorbikes they have into a taxi service and also a delivery service. they can bus much faster through jakarta then the cabs or the limousines. once you have mobility on an a app, this company is finding then you can start providing all kinds of other services on that. and start delivering food and banking services and it shows how the -- if you think about

vodafone hutchinson australia has teamed up with nokia rather than huawei to roll out 5 g. network in australia the 1st half of 2020 australia had banned huawei from providing equipment for australia amid unproven fears that the company could be used as a front for spying by beijing while the us has urged other 5 member to exclude huawei from its new telecommunications network australia stands alone as the only member aside from the us with an all out ban on fall way this has led to an increasingly strained relationship with beijing as china is australia's largest trading partner there is concern that beijing will seek economic reality ation for its hardline stance against fall way now holway urge australia to overturn a ban on the farms involvement adding that the ban has stifled competition pushed up costs and made it likely that regional and rural customers will receive limited or no 5 g.'s services at all the band has also raised cost by an estimate of 20 to 40 percent and now nokia is the beneficiary of these restrictions and western nations and on market access up ove

and the question is whether they can -- nokia was huge for a while. and then it got eclipsed by basically by apple. the question whether the finns can become world leaders in these apps that move us around or if they'll get swallowed up by somebody like google. >> another city featured in "hop skip go" is jakarta. what's going on there? stephen: well, jakarta has some of the worst traffic in the world. and so there's -- there's a company there that has turned these motor bikes that they have into a taxi service and also a delivery service. and they can go much, much faster through jakarta than the cads or the limousines. once you have mobility on an app, this company is finding, then you can start providing all kinds of other services on that app. you can start delivering food. you can start delivering banking services. and it shows how the -- if you think about -- if you think about the previous revolution, the smart phone, back when we were imagining it in the early 2000's, you wouldn't imagine that smart phone would become -- a music player, a vide

a one will come from too nice to have you with also for the next hour i am from the to nokia here in kampala uganda.

chinese company should play in germany on wednesday spain's telefonica said it wanted to work with both nokia and huawei to build up 5 g. that move would require the approval of the government which has not yet finalized its position and probably. in other news to china has denied it pressure the government of the pharaoh's to use far away equipment and its 5 g. network the islands are in autonomy as region of denmark china's denial follows reports the chinese ambassador threatened to pull a trade deal if the danes huawei wasn't involved in the network danish media quoted an apparent audio recording of the conversation a spokesperson for china's foreign ministry denied such a threat was made. to god and now and the country depends largely on rice imports to feed its people but now god wants to produce all the rice it consumes itself within the time spent of 3 years a consortium led by the alliance for a green revolution in africa with funding from the german development of w is helping farmers boost production with improving rice seeds and farming efforts 63 year old mohammed isa haku is one

a lot of the focus has been on nokia and ericsson. vonnie: thank you.rick donahue in berlin. let's check where the european stocks have settled as we had to the break. it is interesting dynamic. on the one hand, you have europe and china zigzagging on things like trade and intellectual property, on things like 5g. on the other hand, china industrial data came out and gave a boost to european stocks. l'oreal kerring higher, higher, all higher thanks to china and its appetite for things like steel and luxury goods. the dax is up 1% as we settle. the cac 40 up 1.25%, and the ftse 100 having another higher , a two gain of about 4% won theoris johnson on election as the conservative prime minister. there you have it. that is european close. this is bloomberg. ♪ k president trump was reportedly considering not taking part in any presidential debate this year. now he is saying he would consider more than three debate. he said he looked forward to debating whoever the lucky person is who wins the democratic nomination. still he says the commission on democratic

company should play in the country on wednesday spain's telefonica said it wanted to work with both nokia and way to build up a 5 g. in germany that would require the approval of the german government which has not yet finalized its position on your way. and that is your business update the you for now if you want more from us you can always check out our website that is d.w. dot com business or you can follow us on facebook and twitter in the meantime i mean the team in berlin extortion. and politics who's in the. wrong. oh people of the islamic revolution. opens up making its initial flirtation those strengths in states of emergency britain sinks into chaos to join the 2nd business. hence the people threaten to steal border. crisis. the start of an era that defines our age today 19 said the big meeting today small steps december 23rd. hello i'm welcome to culture news the filmmaker hossein for safety is my guest in the studio to talk about his wonderful film tomorrow we all 3 also coming up. iconic photographs rendered in children's play dough is british artistic and intimate an especia

companies should play in the country and wednesday spain's telefonica stated it wanted to work with both nokia i'm sure way to build up a 5 g. in germany move would require the approval of the german government which has not yet finalized its position on showing. and as a business update here and at this hour for me in the team thanks for giving us company. what secrets lie behind will. discover new adventures in 360. and explore fascinating world heritage sites. w. world heritage 360 get nap now. was the speech of his life perhaps his best certainly his most difficult chancellor and much cooler addresses the people of east germany shortly after the fall of the wall. the crowd clamors for germany unity journalist peter lim borg was at the scene. 30 years later he looks back on the tightrope president. starts december 19th. w. the from. a low i'm welcome to culture news the film my co-host same for safety is my guest in the studio to talk about his wonderful film tomorrow we all 3 also coming up. iconic photographs rendered in children's play dough is a british artist speciality. and has an ita

d.w. . 180 codes coming from nokia new hope for at least trentino region but we hope that she can get our economy moving i mean. do you deal good in tough arrived in trentino 8 years ago as a refugee now she owns her own business and is helping to turn this region around integration with goat's cheese and the feel being in the alps down 30 minutes on w. o. show hello halflings this is super bowl speaking when i come to the show with a ding dong hot. concerts with the austrians guests. mocking the sounds flame and credible location. groups. on t.w. . they created today's world. a historical term encouraging politics business travelers play a run up evil of the islamic revolution. opens up making its initial flirtation. strikes in states of emergency cuts things into chaos cut the circumstances explain chance to the people threatens the old order. crisis and. the start of an era that defines our lives today. $97.00 in the big fugitives move towards december 23rd double play. play. play play. play. this is news live from berlin living with the effects of the climate crisis u.n. secretary

you have ericsson and nokia who can also do this. i think that is missing from the debate. where is europe in all of this and why art european firms stepping up and why art european governments doing things to promote european firms -- why aren't european governments doing things to promote european firms? brent: thank you. australia is suffering its hottest day on record. today, the national average temperature reached 40.9 degrees celsius, beating the record that was set in 2013. the record-breaking heat comes as the country battles a severe drought and bushfire crisis. >> harder than ever. australia is going through record high temperatures, and for a few here, that's just another reason to make a splash, thouough no man ocreaeature iss spared the h hlth risks.s. dehydration can be deadly. for the phone a team, the threat to wildlife is foremost -- for the fauna rescue team. >> there's probably not much food out there because of the drought. there's not a lot of water out there. it's just dreadful, and it's going to get worse and worse. there are already some d dead os a

i frankly urge everyone on either side of water after 3 years 3 nokia's of through an increasingly carried argument i urge everyone to find closure and to let the healing begin. because i believe in fact i know as i've heard it loud and clear from every corner of the country that the overwhelming priority of the british people know is that we should focus above all. on the n.h.s. that simple and beautiful idea that represents the best of our country with the biggest ever cash boost 50000 more nurses 40 new hospitals as well as providing better schools safer streets and in the next few weeks months we will be bringing 4 proposals to transform this country with better infrastructure thanks for education better technology and if you ask yourselves what is this new government going to do what are you going to do with the extraordinary majority i will tell you that is what we are going to do we are going to unite and level up unite and level up bringing together the whole of this incredible united kingdom england scotland wales northern ireland together taking us food unleashing the potential o

think the question is still where the european firms in this you know i mean we have ericsson we have nokia who can also do this and i think that's been missing from the debates you know where exactly are where where is europe in all of this and why aren't the european firms stepping up and why are european governments doing more say to promote european firms in the face of a flow as a good point and if the u.s. is telling europe you know you can't do business with them where are the u.s. companies then to fill the gap there very good question clifford from our business desk clifford thank you australia is suffering it's hard to stay on record today the national average temperature reached 40.9 degrees celsius beating the record that was set in 2013 the record breaking heat comes as the country battles a severe drought and a bushfire crisis more sweltering temperatures are forecast for thursday and friday hotter than ever australia is going through record high temperatures and for a few heah that's just another reason to make a splash. spared the health risks dehydration can be deadly for t

the 3 is through nokia's through an increasingly average argument. i urge everyone to find closure and to let the healing begin let the healing begin showed how does he plan to do that what will be mr boris johnson's main priorities in the coming days and weeks. well 1st of all brick said he ran on a very simple plan he said he delivered by the end of january and that is what he is going to do now as early as next week parliament sitting again and he will ask for parliament's approval for with the majority that he now has to approve the withdrawal the agreement that he negotiated with the european union and that is the 1st step for the u.k. to leave the european union at the end of january now that is one so if the u.k. leaves the european union at the end of january which is quite certain at this point then face to will start which is being negotiated on future trade relations and security relations and all those kinds of issues and that will be a lot more complicated than what we've seen so far so boris johnson really has a challenge there ahead of

i frankly urge everyone on either side of water after 3 years 3 nokia's of 0 and increasingly i read argument i urge everyone to find closure and to let the healing begin. because i believe in fact i know as i've heard it loud and clear from every corner of the country that the overwhelming priority of the british people know is that we should focus above all. on the n.h.s. that simple and beautiful idea that represents the best of our country with the biggest ever cash boost 50000 more nurses 40 new hospitals as well as providing better schools safer streets and in the next few weeks and months we will be bringing 4 proposals to transform this country with better infrastructure picture education better technology and if you ask yourselves what is this new government going to do what are you going to do with the extraordinary majority i will tell you that is what we are going to do we are going to unite and level up unite and level up bringing together the whole of this incredible united kingdom england scotland wales northern ireland together taking us forward unleashing the potenti

nokia has been allowed to do it despite their deep ties to china.e want to have those discussions. it is not about trusting anybody or putting mechanisms in place to guarantee we are safer. taylor: can you guarantee they have not turned over data up until this point over to china? andy: well, we can guarantee going forward. thera lot of folks forget the equipping vendors do not sell the equipment. there are very strict requirements, as there should be. the equipping vendors who were hired to update the equipment do so in a way under very controlled supervision. for example, in the u.s., we only use specially configured laptops. we need written permission every time we will have access. every keystroke is recorded. so the customer has full transparency on what we access and what we do with it. those are the kinds of guarantees that need to be in place for everybody so we have a safer cyberspace. taylor: you said you would like to have discussions with u.s. administrations. have you had any contact with the administration or other federal agencies? or

there are three main alternatives to huawei which are erickson, nokia and samsung.d that, the components that go into a lot of this gear are american or western european. those include companies like qualcomm, juniper, intel and numerous other companies that are in the united states. a lot of companies stand to gain from selecting a trusted radio access network vendor for future technology. europe, i think germany and france have been nesitant to block or ba specific companies. how do you work with them to get on board and see the risks that you see and potentially actually ban a specific company? amb. strayer: we are not trying to get them to ban any particular company. we have been working for more than a year now to educate them about the risks of 5g networks. the most important feature to understand is software can be updated instantaneously and that update could contain a backdoor or compromise that disrupts the system. we have been telling the company is not just about applying secure practices, but also having to apply measures of what our trusted vendors and

mickey: we chose nokia, but basically, we are building our own hardware.om nokia, but maybe in the next generation we're going to build our own, so it's totally different concept. we are i.t. company integrating , building core network, radio station network, all the technology by ourselves versus other telcos are asking system integrators to integrate everything. emily: so do you think, then, that huawei's business, z.t.e.'s business, do you think those could be seriously compromised as a result? mickey: that's for sure. it's obvious, no? emily: yeah, i guess they're still huge companies. they still have the chinese market. mickey: they are good companies, but i think -- i don't know whether it's going to happen, to be very honest. but as far as the telecom industry is concerned, it is very difficult to use chinese vendors for a while. ♪ mickey: my father had pancreatic cancer, and i was crazy enough to believe i could find a cure somewhere in the world. ♪ emily: you're perhaps best known in the bay area for sponsoring the golden state warriors. why did y

government demanding supremacy we have the europeans trying to catch up with companies like ericsson and nokia basically, 5g is an industry at war with itself. sky works solutions, corvo, qualcomm, and martell technologies any one of these stocks is worth investing. of course these companies have a ton of business in china, which means they sink or swim depending on the outcome of the trade talks themselves, not the rumors of the outcome but the outcome. what matters to me, though, it's not trade talks but the theme itself if we don't get a deal, if there are higher tariffs, sure, all four of the big 5g chipmakers see the stocks go lower. will that mess with the theme? will it stop 5g? absolutely not the data center, do it yourself auto repair, 5g stops for no to gft. the bottom line, at a time like this, we need big, apolitical themes that work no matter what, and the best of them should work for years and years and years. when these stocks get it, you buy into weakness because you know they'll be able to make a comeback as secular growers almost always will jerry in missouri. >> caller: hey,

people expected maybe that apple would become the next blackberry, next nokia who once owned the markete apple does. >> we had this conversation before, worth revisiting it again, the idea of apple an indicator for the broader market. >> it is not so much indicator in economic bellwether status or something telling you about other parts of the economy that also effect the market but it is a marquise name when people want to buy market windows, momentum inherent in growth stocks, apple tended to participate. the thing is it goes on crazy streaks. over the course of this year, it traded at 20% discount to the market in terms of price earnings ratio on a forward basis, now 20% premium it is not as if it is telling you anything about the business itself necessarily, it is about everything going right into the privileging, growth stocks, the market deciding the profit pool represented by apple is going to be durable also it is reliable. buying back its own stock but not selling any. almost has a scarcity premium embedded in it >> tim, curious for your perspective on tech stocks in general. s

that was during the nokia days, no smartphone or gps tracking.nd i would literally text her the car plates, name of the driver and the license of the taxi i got into. and i would text whenever i hit major milestones, landmarks that we would pre-agree on so she , would know i was 15 minutes away, seven minutes away or just around the corner. every single night she would sleep in front of the couch, something that looks like this, waiting for me. emily: you launch. at what point do you realize this will be big? anthony: we never thought this would be, it is a miracle. i will be up front. that where we are -- emily: your mom was your first vc? anthony: exactly. we put in everything we had. i do not think we ever imagined it would be the company it is today. emily: talk to me about the early days growing the company. anthony: it was really rough. we would set up a table, a plastic table, that probably cost two u.s. dollars right next to monsoon drains beside gas stations because taxis would come by gas stations. so we would say, hey give us a , shot.

sector,t the automotive germany's nokia but it is a sector lacking growth.t is now going through a longer period of change and disruption meaning the german economy which to some extent -- 7% of the total german economy drives on automotive's directly and indirectly. this shows the manufacturing slump is hurting the german economy. and now is still the time for germany to start investing and do new structure reforms. if not, the next decade -- the next 10 years could be a lost 10 years for the german economy. zero,there is no year this is not the end of the decade yet. i have an amazing chart. i just went through my producer hillary's charts from the past. average car sales in white. u.s. car sales. it is key that not hugely important. the amazing thing is the blue line which is the average age of the passenger cars on the road. to theinues to rise up end of this year. the average age is more than 12 years. you think that people want to go out and buy a new one if their car is 12 years old -- the higher quality of modern cars means you can keep them longer,

as far as the losers go, nokia down almost 4%. it is a fairly volatile stock.erickson story from friday that they have settled. ipson also a huge loser from friday. it has lost a lot of ground last week and continues to lose ground this week after some of its drug studies were put on hold by the fda. tullow oil is the big loser. it has lost more than half its value in 30 minutes of the session now, after saying production comes in lower than expectations. the ceo and other executives are quitting, and dividends have been suspended. anna: let's pick up on that story, the story around tullow oil. our managing editor is with us on set here in london. good morning to you. what is it that is most devastating? the production cut no doubt the big story, but management is dropping out of this business. was one of the biggest e&p stocks in london. it built a very significant african business, but the problem is african business based in ghana was not performing like it was supposed to, and they have cut guidance. that will be a problem because they have a very large deb

redoubling our trading relationship i frankly urge everyone on either side of water after 3 years 3 nokia's of through an increasingly arid argument i urge everyone to find closure and to let the healing begin because i believe in fact i know as i've heard it loud and clear from every corner of the country that the overwhelming priority of the british people know is that we should focus above all on the n.h.s. that simple and beautiful idea that represents the best of our country with the biggest ever cash boost 50000 more nurses 40 new hospitals as well as providing better schools safer streets and in the next few weeks months we will be bringing 4 proposals to transform this country with better infrastructure picture education better technology and if you ask yourselves what is this new government going to do what are you going to do with the extraordinary majority i will tell you that is what we are going to do we are going to unite and level up unite and level up bringing together the whole of this incredible united kingdom england scotland wales northern ireland together taking us forw

exactly in one voice but certainly the invisible iraqi that's basically suffered from 16 years of war nokia patient and sectarianism is emerging once again and saying look that is behind us american invasion hopefully is behind us and we want to rein in meddling to be behind us because iraq needs to be a sovereign independent country and iraqis need to leave as and live a sovereign people free of international meddling in the end and the country well it's been good to have you on the program thank you again for that well in the shower there. well the former chairman of the multinational john nissen has fled to lebanon from japan where he faces a trial of allegations of financial misconduct callus cohen has a live in a passport and was arrested in tokyo in 28 scene but released under strict conditions he said he'd escaped injustice and political persecution his lawyer is calling his behavior inexcusable homage and june joins us now live in by republicans or outside i think is understand where those going may in fact be what are you hearing there. well stan let me tell you and our viewers 1st

i didn't have any prep for being told i had something with nokia. —— with no cure. but it happened.re than half a million pounds. he'll bejoining the kolkata knight riders. jason roy, chris woakes and sam curran have all earned six—figure contracts. kolkata also spent £1.7 million on australian fast bowler pat cummins, making him the most expensive overseas player in ipl history. 0nly yuvraj singh — twice — and gautam gambhir have previously gone for more. cummins is currently the number one test bowler in the world. the double 0lympic boxing champion, nicola adams says she's now looking to turn her hand to acting. she announced her retirement from the sport last month, after fears that she may lose her sight. it was tough at first just to make the decision, but now i am quite happy. the decision, but now i am quite happy- i the decision, but now i am quite happy. i have achieved a lot of great things, becoming a double 0lympic great things, becoming a double olympic champion, becoming a world champion is a professional boxer as well, and i am happy with that, i am content. i've com

focused on the radio access vendors, and there's three main alternatives to huawei, which are ericsson, nokiathat, the components that go into a lot of this gear are american or at least western european. those include companies like qualcomm, juniper, intel, and numerous other companies that are in the united states. a lot of companies stand to gain from selecting a trusted radio access network vendor for future technology. think germanyi and france have been hesitant to block or ban a specific company like huawei or z te. how do you work with them to get them on board and see the risks that you see and potentially actually ban a specific company? >> we are not trying to get them to ban any particular company. we been working more than a year now to educate them about the risks of 5g networks. the most important thing to understand is that software can be updated instantaneously, and that update can contain a backdoor or update to disrupt the system. we're talking about also having to apply measures of what our trusted networks, and most fundamental of those is the vendor must be headquarter

can't employee distracted we have to do what is necessary to make america save chinese can hack into nokiaur products or ours. >> wait a second no back doors we know there are back doors andy we've gone through this 10 times we know from several situations, whether it be t-mobile, cisco i've got the list of back doors date goes back to the chinese government and, by the way, you say, we've got to make sure, that, you know, we fight this, civil military fusion tells everybody that you can't fight what are you going to say to xi jinping sorry don't worry about our social credit score? >> there are so -- >> key disagree on. >> there are social credit scores that are given to corporations not just individuals, what is your social credit score so that we can debate forever we can agree to disagree. you can kick my butt all over the studio and you can jump up and down until you turn blue the fact is i am telling you we can put in place mechanisms can guarantee no back doors in products to guarantee chinese government can't force to us steal data from customers that is objective facts we can appr

the simple reason, on the last decade investors in part with rim and nokia have been trained the hardwareade at a lower multiple than other tech companies because her more susceptible to essentially vast down in the business pre-but what apple has proved in the last decade is hardware which is 53% of sales, services which is about 20%, the combination of those two ultimately drives incredible cash flow and if you look at the stocks combined in 2019 apple generated as much free cashel as all of them combine my point is this. this depressed multiple theory, the flat earth there's that ultimately see because there is a hardware component to apple business, it should trade at a lower multiple. my view investors should focus on cash flow and ultimately what that can do to buybacks in that to me is the primary driver. if you ask where this can go, if you simply put on a multiple of facebook, that's a 31 multiple, that with the apple at $371. if you put all of this together, the way bester investor investoo more of a company of sympathy of products whether hardware, software, ultimately i think