ceoy: huawei founder and ren zhengfei speaking exclusively to tom mackenzie. of his exclusive interview with the huawei ceo this weekend. huawei connected and contested saturday at 12 p.m. sydney time and friday 9:00 p.m. in new york . our next guest says huawei is troubled because their phones will not be able to recover from restrictions. joining us is alex. great to have you with us. saying huawei has they give ability to come up with their own solution, whether it is software for devising their own chips. do you believe it? alex: he can say whatever he wants. the problem is that for them to create their own ecosystem of third-party developers and something that could replace android, it is a gargantuan effort. microsoft has fat -- tried it and failed. amazon has tried it and failed. facebook kind of tried it and also failed. there is no way they can overcome the blow. shery: we know that china is such a state directed economy. if we are really headed for strategic technological rivalry against the u.s., wouldn't beijing just step in, save huawei? what is t

so, michael, what was your take on what ren zhengfei had to say?ne is going to win in this tech cold war, so we run the risk of having these two intranets, china and the rest of the world. so a lot of what he is saying is true. they can still flourish without the u.s. at the same time, so much of the u.s. tech industry is intertwined with companies in china. as much as this may seem like it's about u.s. tech supremacy, these policies from the u.s. perspective are really misguided. this is not like steel in terms of being able to shut out one supplier. huawei is integrated with the rest of the world and with the entire rest of the tech industry, and that is what he says he does not want there to be any retaliation against apple. emily: so some would argue that we already have two internets. china does not have facebook, google, many of things that at least make the american internet so distinct. aren't we already there? michael: well, no. right now, we have apple and an android operating system. how are we going to feel when huawei and other chinese

within the last few hours, the company's founder ren zhengfei shrugged off us attempts to block his company's saying the united states underestimates the telecom giant's strength. with me is ben stanton, senior analyst at canalys. let's talk about that three month licence which will now enable companies to keep supporting huawei products. how important is that three months, it's not an awfully long time in the tech world? three months, it's not an awfully long time in the tech world7m allows huawei to continue maintaining its network infrastructure around the world, that's the most important aspect of this, rather than on the smartphone side. it's a reprieve for them but i'd be shocked if this wasn't a calculated move by the us commerce department, it seems as if they come toa department, it seems as if they come to a decision before the ban was made at the end of last week and now, coming into this week, they've issued this reprieve so that the ban initially could have a big impact but the reality of it is it's far more complex than banning outright all of the wild white suppliers. many indu

and just within the last hour huawei founder ren zhengfei shrugged off us attempts to block his company'sambitions, saying the united states underestimates the telecom giant's strength. fergus hay, ceo of leagas delaney joins me now. now. everyone is pouring through the detailed daily on the relationship between huawei and the us. give us the latest with google. the mobilephone categories completely penetrated, everybody has smartphones and phones, devices. the technology is pretty similar someone consumers are sitting there with a choice, they've got to choose based on the access the data and services of which now huawei on the back foot for the brand and the brand itself is not really been built with an emotional relationship. it's visible but not the same level. i can see now that huawei will face a short—term challenge. now that huawei will face a short-term challenge. interesting that in the united states, they've seen this three month reprieve because actually despite the fact the us is saying this is a security concern, we have to take action, out also take into account the some pa

huawei's founder and chief executive ren zhengfei says retaliation us president donald trump is continuingrime minister shinzo abe and trade is expected to high on the agenda. let's go to tokyo now, where hywel griffith is following the story. hywel, welcome to you. they have done the golfing and the sumo, now it's time to get down to business. what do you think is going to happen today? absolutely, and with donald trump it's about brokering a deal, he wants a new deal with japan. he says the us‘s trade deficit isn't a cce pta ble says the us‘s trade deficit isn't acceptable so things have to change. what are they actually going to talk about? part of that will be the japanese car industry and its presence in the us. last week donald trump was saying how foreign cars area trump was saying how foreign cars are a threat to national security, so there's the threat of tariffs that shinzo abe, the japanese prime minister, will be very concerned about. also american farmers want more about. also american farmers want m o re a ccess about. also american farmers want more access to sell their beef

tom mackenzie spoke with ren zhengfei on the troubles facing the company.t is more likely that the u.s. steals our technology. now we are leading them. when we have a government background, kpmg can on it. american authors audited us. this unfounded conclusion may not be right. we are leading the u.s. now. if we were lagging behind, trump would not need to make so many efforts to attack us. he attacked us because now we are more danced than them. moment of national crisis, the government came to you and said, we need your cyber skills, we need access to your network because it is for the good of the country, the good of the government, the good of the chinese people, how would you respond? ren: we absolutely would never install any backdoors. we would never do that. we serve human beings. why would we install backdoors? what are the practical steps for denying a request like that in china? >> we have never done that. a german newspaper released an article saying they could not find any backdoors in huawei's systems. in the u k, huawei was under the world's

fewjournalists have visited this disney world—like project, very much the brainchild of ren zhengfei,compared to the likes of stevejobs, growing his company from a small workshop into a tech giant now employing 180,000 people. huge spending on research means huawei claim they are now around 18 months ahead of any other 56 manufacturer, and that includes not just getting faster and faster data speeds but dealing with the problems that come from higher performance. so this is the sg wireless base station. the 56 power is around 1,000 watts. and how much bigger is that than a 4g base a station? a 4g base station is average power of 300 watts. so it's three times larger. so this uses three times as much power, so it gets hotter. yes, much hotter. it's a common problem in technology. as things get faster and they consume more power, they get hotter, and new cooling techniques need to be developed. this is liquid cooling cycling. is that liquid boiling in there? it's bubble. here, they are learning how different designs and materials can change the speed and direction that heated air flows

vonnie: that was the huawei founder and ceo ren zhengfei speaking to tom mackenzie.ou can catch more of that in a special this weekend. friday at 9:00 eastern. unending rain and escalate trade tensions in china are wreaking havoc on u.s. farmers. how midwest growers are trying to ease the impact. this is bloomberg. ♪ vonnie: this is "bloomberg markets." i'm vonnie quinn. storms across the midwest and great plains have resulted in the wettest 12-month stretch on record in the u.s. the end yielding rain is causing farmers to consider a different kind of insurance, known as the preventative planting claim. to talk about what that means is michael in chicago. what is the preventative planting claim? when the insurance company will pay a farmer a percentage of the value of the crop that they were unable to grow. sort of a last-ditch attempt of maintaining some financial wherewithal for farmers, who cannot do the one thing they really want to do, which is plant. are seeing corn prices rise to the highest in the year because of the weather and difficult conditions, meaning

tom mackenzie spoke exclusively with the chief executive and -- founder ren zhengfei about the issuesg the company. >> american auditors audit us. you can ask for a report from them, right? this unfounded conclusion may not be right. now.our leading the u.s. if we were lagging behind, trump would not need to make someone efforts to attack us. he attacks us, because we are more advanced than them. >> if at a moment of national crisis the government came to you and said, we need your help, we need your cyber skills, we need access to your network for the good of the country, for the good of the government, for the good of the chinese people, how would you respond? >> we absolutely would never install any backdoors. we would never do that. we serve human beings. we don't serve intelligence services. why should we install backdoors? >> what are the practical steps for denying a request like that in china? that.e have never done a german newspaper released an article saying they could not find any backdoors in huawei's systems. wasthe u.k., huawei whil under the world's. strictest scrutiny

anna: that was the huawei founder and ceo ren zhengfei.hor. worth digging out on the internet if you would like to. we have a breaking news headline that has just crossed the bloom lurk -- bloomberg. a little distant from the brexit conversation, from the u.k. politics story, but he is at the home office. he deals with all things to do with home affairs in the u.k. right now. he has a great backstory. his father was an immigrant to the u.k. from pakistan, a bus driver. he went on to work in the city with a job in finance. hes is part of the story will give to the party and to the membership as he unveils his candidacy to replace theresa may. still ahead, stocks are rising in europe following eu elections . we will dive into that next. this is bloomberg. ♪ anna: this is bloomberg markets. welcome back. i am anna edwards, live in london. we are getting breaking news from the home secretary in the u.k., sajid javid. he says he will run to be the next prime minister to replace theresa may. westminster, and -- annmarie hordern has been tracking

ren zhengfei downplayed the impact of a recent us ban — which prevents american firms from trading withsamira hussain is in new york. what is the root of why way past confidence here? what they are saying is a really the united states is underestimating how much potential they have. —— huawei plasma confidence. in some ways, we re plasma confidence. in some ways, were talking about the five d technology, he is not exactly wrong, there are no real solid american competitors that can catch up to where huawei is. —— five g technology. but if you take a step back and look at this within the context of this growing dispute between china and the united states, there is a lot a posturing that is happening from both sides. both the united states and china whether we talk about specifically in the insta nce talk about specifically in the instance of telecoms or talking within the wider space of the trade dispute, both sides are really making noises to make it seem as if they have the upper hand and ultimately, it is really up to individuals to decide who indeed does have that bigger hand. thank