emily: sarah mcgregor joins us now from washington. did lighthizer dampen the optimism around a deal with his testimony? sarah: absolutely. it's no surprise that lighthizer is a bit of a trade hawk. he has wanted to go tougher on china from day one of these negotiations but his tone was , more cautious than trump's when he delayed this march 1 deadline. lighthizer said there is a lot of work that needs to be done for a deal. once it is done, if it is ever done, there will be monitoring of it. meetings that need to happen and a lot more work to ensure china is implementing its promises, including these tough issues like intellectual property theft. alleged forced technology transfers. there will be constant vigilance to make sure what china says it will do it lives up to. emily: does that contradict what the president talked about earlier this week? he was talking about progress, delaying the tariff deadline, does it suggest a mismatch between what the president wants and what is happening? sarah: it injects realism into what is going on

sarah mcgregor joins us now from washington. what we know about what kind of progress is made?> that is a great question. we keep hearing from the trump administration. of talks weround have heard this line. but we have not presented with much evidence yet about what that progress is. we hear that china has agreed to live more soybeans and energy products. reformse large-scale are a black box. we do not know china is budging on these issues. it is hard to believe that it would. such a large-scale overhaul to their economy that they would agree to. we are led to believe that there is a lot more work to be done on these core issues. emily: how else could this escalate? ahead to are looking this march 1 deadline and trump repeated today that there may be some wiggle room there. we reported earlier this week that the white house is thinking about a 60 day extension that would take us into late april. a little room be here for a deal to be made. could escalate would be the trump administration levying more tariffs on china. china has retaliated every time there has been a tariff imp

on the brief today, sarah mcgregor on u.s. china trade negotiations going into extra innings. tina davis on oil intervention. and teresa on prime minister may's pursuit of a brexit deal. we will start with sarah. tell us what is going on right now, they have postponed the deadline on friday. president, the postponed the deadline for a deal to be made in order to hold off on tariffs on chinese goods. we do not know how long the extension will last, he said as long as there is progress they will keep talking and he plans to meet president xi jinping at some point to finalize the agreement. donald trump told us that he thinks there has been substantial progress in the talks on the toughest issues, but we have no details on what that looks like and it has raised fears he might fall short on a promise for really tough changes to china's economy. david: we will come back and talk about the progress. in the meantime, we will talk about president trump decided to give advice to opec. >> it has been a few months since he tweeted about oil prices. the last time was in december, right bef

sarah mcgregor, thank you so much for stopping by. coming up, the ftc is putting big tech on notice. what is new task force could mean for tech deals past, present, and future. that is next. if you like bloomberg news, check us out on the radio. listen on the bloomberg app, bloomberg.com, and, in the u.s., sirius xm. this is bloomberg. ♪ big tech could be at the greater scrutiny from federal regulators. the federal trade commission is creating a task force to investigate antitrust contact by tech companies. the group will consist of senior officials and 17 lawyers. they will be looking at past tech mergers that could have hurt consumers. what does this mean for tech companies like google and facebook? we're joined by a fellow at the open markets institute. also with us is our antitrust reporter, david. i can think of a few previous tech mergers. what is this task force going to do? david: they will look at any competitive conduct by tech companies. as you mentioned, one of the interesting things the ftc announced yesterday was this id

vonnie: our thanks to sarah mcgregor in washington, d.c. guy: let's get an update on the bloomberg first word news with kailey leinz. kailey: european council president has a chance of a brexit deal fading. he said he is urging prime minister theresa may to request negotiations be prolonged. given the situation we are in , prime minister may still believes that she is able to avoid this. a delay wouldys not solve anything coming says it is within our grasp to get a on march 29.uled president trump says oil prices are getting too high. he told opec to relax and take it easy and a tweet, adding that the world cannot take a price hike. goldman sachs said crude could rise 12% in the near future. north korea's leader kim jong-un is hoping to get the u.s. to ease sanctions. the president said last night that will not happen. routes taken a lengthy through china to get to the summit. there is a dangerous -- in venezuela. president nicolas maduro used the military to bring humanitarian aid through columbia. four people were killed and more were inj

good ne: sarah mcgregor, to get your take.ing up, officially listed on he new york stock exchange, what this means for the canadian cannabis company next. this is bloomberg. ♪ caroline: trending across the universe and dropping marshawn lynch from the investment banking brand. acquired erica marshawn lynch during the financial crisis. millennials, ame story says debt among 19 to 19-year-old americans exceeded $1 trillion at the end of 2018, for ighest debt exposure the youngest adult group, spending compared to older generations. many controversies to win the academy award for picture, it faced criticism through some members of family, it inaccurately displays the relationship. total of three oscars last night. you can follow all of these tories on your bloomberg terminal and tictoc on twitter. romaine. romaine: can trust began ticker symbol,he investors will have user access to the stock and potentially add more volume. canntrust now is c.e.o. joining us live in the studio, welcome. how important is the u.s. market canadian l

on the brief today, sarah mcgregor on u.s. china trade negotiations going into extra innings. oil intervention. and teresa on prime minister may's pursuit of a brexit deal. we will start with sarah. tell us what is going on right now, they have postponed the deadline on friday. president, the postponed the deadline for a deal to be made in order to hold off on tariffs on chinese goods. we do not know how long the extension will last, he said as long as there is progress they will keep talking and he plans to meet president xi jinping at some point to finalize the agreement. donald trump told us that he thinks there has been substantial progress in the talks on the toughest issues, but we have no details on wha

the president has already threatened more tar iffs, but for more we go to washington with sarah mcgregorough even on trump 's team, few want tariffs but are open to using them as leverage? >> absolutely. -- andthem as leverage the china talks, the renegotiation of nafta, and of course, the u.s. is heading into with theions european union. they have been very vocal and it is very hard for the trump administration not to impose these tariffs on automobiles. is due ont that february 17 by the commerce department will be a key determinant. shery: what is the auto sector saying about how it could affect revenue and jobs? this globalized world, u.s. companies have operations abroad of course, so they were importersly be into the u.s. and be hit by those. a lot of companies have said they have to raise prices or lay people off. there is a lot of lobbying against the tariffs. but trump has really used tariffs and implemented them. it is a key measure and trade policy. >> we still have complaints 2323 and using it against an ally, but the -- does that raise the wild-card specter that he could int