one of the major telecom operators he said there is really only one provider in the world of telecom equipment talking about why and what i would say is rather than me saying we're better one of these we ought to encourage in the united states and around the world is let's have open competitions let's have opportunities to demonstrate the different aspects of the technology so people can see for themselves and similarly we ought to have some of the equipment like right now in mobile devices you know we open up our telecom mobile equipment to to white house hackers to see whether their vulnerabilities the telecom equipment vendors ought to do the same thing in a recognized alive networks but get the equipment and let white how to hack or is to look for the vulnerabilities let's encourage this kind of transparency this kind of competition to help drive everybody to do better and give a little more of an objective basis for knowing where folks stand in the competition do you consider while way a capitalist company are you capitalists oh absolutely and in the sessions that we had in chin

telecom sector, what has been known as the team telecom process. last fall, the fcc adopted a new set of rules consistent with that executive order, formalizing our working relationship across agencies on foreign ownership matters and offering clarity to the private sector on team telecoms operations and criteria. they require parties to furnish agencies with responses to a standardized set of national security and law-enforcement questions designed to provide agencies with information they need from applicants to facilitate the review. process, whichhe facilitates beneficial foreign investment and prevents harmful foreign ownership is a clear indicator this is a broader effort not about isolationism or protectionism. it is about ensuring such investment proceeds consistent with national security. thus far, i've talked about the decisive action we've taken on defensive measures, preventing insecure equipment from getting into our networks, denying market access to problematic carriers, and the like. tove been on offense too ensure our communication

telecom sector, where it's been known as the team telecom process. and last fall, the fcc adopted a new set of rules consistent with that executive order. formalizing the post working relationship across the working agencies on the foreign ownership matters and offering the much needed clarity to the private sector on the telecom operations and criteria. we also require parties to produce executive branch agencies with responses to be standardized set of national security and law enforcement questions designed to provide any information they need to facilitate the review. our review of the telecom process which facilitates the foreign investment and prevents the ownership is a clear indicator that this is a broader effort that isn't about isolationism or protectionism. it's simply about ensuring that such investment proceeds consistent with national security. now, thus far i've talked about the action we've taken on what you might call defensive measures, preventing insecure equipment from getting into the networks, denying access to problematic carr

telecom sector, known as the team telecom process. last fall, the fcc adopted a rules consistent with that executive order formallizing across our agencies on foreign ownership matters and offering much needed clarity to the private sector on team telecom's operations and criteria. they also require parties to furnish executive branch agencies with responses to a standardized set of national security and law enforcement questions, designed to provide the agencies with the information they need from applicants to facilitate the review. now, our review of the telecom process, which facilitates benefits-- there's a broader effort that's not about isolationism or protectionism, it's simply about ensuring that such investment proceeds consistent with national security. now, thus far i talked about the decisive action we've taken on what you might call defensive measures, preventing insecure equipment into our network, problematic carriers and the like, but we've also been on offense, too, to ensure that our nation's communications networks

he has, is has prompted largely completed a process to begin removing suspect equipment from our telecom infrastructure and equipment. and in this case prompted the process that with the statute. not bad at all. also his done a ton of important work in mining the process for deployment of 5g, wireless to medications infrastructure. i will go into the details of paul's writing other infrastructure provisions but the fcc under chairman high has changed the game and allow the united states to compete in the race for 5g and also on almost other public safety issues is that a leader on 911, reliability and something that is very special to a number of people and families who have had their lives saved by a 911 call. so he's donequite a bit . i know chairman back when he was going through senator rockefeller's commerce committeeconfirmation process . and i was senator rockefeller's intelligence staff so it's good to see that process work. he's just a terrific guy if you're a staffer at thefcc , rethinking honesty, if you're in the role that i'm in now as private counsel, doing a lot of work wi

the chinese telecom companies now have this executive order.s this affect the markets including the dollar liquidity concerns? >> yes. think you for getting together. it is a pleasure to be with you. the uncertainty that we speak of, we expected to continue through most of the year. it is political. it is economic. it is markets. it is a company's ability to tap public markets. and the uncertainty causes delays. people are distracted. they have been distracted for the last nine months. the rollout of the vaccine is choppy and uncertainty continues crises of global health that haven't been contained. godi: does the uncertainty away with the biden administration in 15 days time? >> we hope so. from your lips to god's ears, i is kindat is shaping up of a hangover, of sorts. biden and harris prevail. there is a task that is large ahead of them. and frankly, her biden and harris to repair relations with allies, it is a leadership role that is positive. we haven't had that for years. shery: how much are you factoring in the potential macroeconomic im

nyse will no longer de-listing china's telecom companies.escalate tensions between the world's biggest economies. the shanghai composite down a fraction. this is bloomberg. ♪ rishaad: 11:29 here in hong kong. 10:29 in the evening in new york city. it is the new york stock exchange saying it will not be delisting china's three biggest telecoms companies. they had threatened to escalate and tensions between beijing and washington further. let's get to david for more on the market reaction. as anticipated with news like that, you will see a bit of a pop in the companies. david: rishaad: we seem to have a problem with david ingles. looking at what's going on at the moment, china mobile up 6%. that's a look at those companies we were talking about with david as soon as we can and let's get to first word headlines with karina mitchell. karina: thank you. the atlanta fed president says central bank policymakers might taper bond purchases later this vaccines covid boosting the u.s. economic outlook. the u.s.e's hopeful can start to recalibrate. he a

gettinge are just reaction from china telecom corp.ts hit by the massive delisting story. try telecom saying it has not received a delisting notification from the new york stock exchange. that's just one of the names part of the action taken by the new york stock exchange on the basis of the executive order to remove these companies and their listing from the new york stock exchange. we heard from china unicom issuing a statement saying they regret that determination and it would have an impact on trading prices and volumes of the early shares and depository receipts. we have heard from china telecom , saying they have not received the delisting notification from the new york stock exchange. we will continue to watch that story. let's get a check of the latest business flash headlines -- tesla delivered a record number of cars in the fourth quarter of 2020 but fell shy of its goal for half a million units of delivery for its full year. it supplied more than 180,000 vehicles in the last three months. they had 499,550 for the year. tesla

china telecom up 7.6%. china unicom jumping 12.9%.s trading ban is supposed to start january 11th after the u.s. government order prohibited americans from investing in this list of companies that the government said supply and support china's military intelligence and security services. but for now, they are still trading. this news is pushing other chinese stocks, alibaba, jd.com, tencen tencent. look at these jumps on all these names. nice move. let's get to our traders. david trainer and scott bauer on whether it's safe to buy chinese stocks right now. david, what do you think? >> i don't think so. this is going to be a toss-up for a long time. these are high political stakes and you know, look, every other day i think there's an editorial in the "wall street journal" talking about the existential threat of china, who really believed they should be a global power and rule the world and that it's historical abnormality that they are not ruling the world. this comes from folks on both the right and left side. it's a well-known fact

on the tensions between the united states and china are chilling even further at several chinese telecom firms will be delisted from the new york stock exchange with a packed show today let's dive right in. and we lead the program with an incredible weekend for crypto currency specifically big coin as the world's largest crypto currency hit an all time record high of over $34000.00 now by monday that number had fallen back to around $31000.00 but still leaves a big point at record highs and those numbers are also causing a huge push for all the courts joining me now to break it all down is jeffrey tucker the editorial director for the american institute of economic research and boom bust co-host and cryptocurrency analyst ben swan always great to have both of you on especially on this specific topic now jeffrey i could see just chomping at the bit ready to go so i want to start with you obviously it was a great weekend for a big point what do you expect to see happen with big point over the course of this year. by predictions wrong i had predicted 30 k. by the spring and then a quick fal

we heard from that china mobile, china telecom and china unicom, telecom companies in the process ofeing delisted from nyse, saying you have not received official notification from the new york stock exchange and that they regret the decision. haslinda: tom, any signs we could see a thought in u.s.-china relations with the incoming biden administration? yes, and this story around the delisting of chinese companies as a reminder that the carpets remain in the spotlight -- the corporate remain in the spotlight. we have heard from the foreign minister here in china, while -- wang, yee, that in his believe there is a new window of hope that you can start a constructive dialogue between beijing and washington. he says china is ready to start talks and he talked about that there were unprecedented difficulties between the two sides. he says that is all down to the u.s. according him, completely wrong policies, on china. that is the stance from the chinese foreign minister. officialse heard from in the biden team saying we are not going to remove tariffs and will continue to take a tough li

delisting chinese telecoms companies.that next, and this is bloomberg. ♪ francine: economics, finance, politics. this is "bloomberg surveillance." i'm francine lacqua, here in london. the bloomberg business flash with leigh-ann gerrans. leigh-ann: u.k. canceler rishi sunak is rolling out 4.6 billion pounds of new support to help businesses through the lockdown. retail, hospitality, and service companies will be having access to 9000 pounds. it is part of 18 billion that the government has pledged so far to workers and businesses. >> the end is in sight. we are vaccinating more and more people every day, so that is why we are redoubling our efforts to protect his nurses, jobs, and incomes. -- to protect businesses, jobs, and incomes. sayh-ann: bloomberg sources --argeholcim is in talks to to affect within $2.5 billion. a deal may be reached as soon as this week for some j.p.morgan is taking to establish another chinese joint venture in wealth management amid a global rush that caps a piece of the market that is expected to

china's top telecom companies are calling on the user of stock exchange to reverse a plan to ban them from trading in u.s. market the request comes just hours after biden takes office we have a lot to get to so let's get started. the north stream to pipeline could be hitting yet another roadblock lawmakers in the european union are now considering dropping their support for the project following the arrest of activists alexina vonn the and moscow the proposed resolution aims to halt construction of the pipeline stretching from russia to germany which is now 94 percent completed and it calls on the e.u. to review its relationship with moscow based all on of all news case german chancellor angela merkel said the arrest of the activist which was highly anticipated after he was accused of violating his probation has not changed her support for the pipeline as for the ongoing threats of u.s. sanctions merkel said she is still waiting to talk it all out with the new biden ministration within the 2 days but in the end of course we will talk about this with the new american administration bec

, three chinese telecoms and that sends investors into confusion, goldman sachs former vice chair bob who served in the state department is here on this developing crash between d.c. and wall street, how the biden administration might differ when it comes to chinese equity. we are seeing profit take on wall street in the final hour after market close at record high on friday but the bitcoin bloodshed is celebrating this final hour after friday hitting a record high of 42000 of crypto currency getting bashed to the tune of about 19% we will tell you what might've triggered that u-turn. let's get to twitter and facebook stock story, the business fallout in the wake of deadly rising capitol hill consuming shares, both are slumping, twitter down six and a third%, facebook down 3.6%, after permanently in the case of twitter or facebook indefinitely suspending president trump from their platform, twitter has lost nearly 5 billion in market cap value so far this session. flip it over to amazon, apple and google there involved all in the red after booting social media platform parler i favor

china mobile, china telecom and others. china mobile, china telecom and china unicorns are thought to be delisted in the coming days. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm karina mitchell. this is bloomberg. host 2: still ahead, bitcoin surging into the new year reaching 34 thousand dollars in weekend trade. ofassess the sustainability the rally coming up next. and opec plus warning -- the recovery. risks as the downside the cartel prepares wanna lose weight and be healthier? it's time for aerotrainer. a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time. it allows for over 20 exercises. do the aerotrainer super crunch, push ups, aero squat. it inflates in 30 seconds. aerotrainer is tested to support over 500 pounds. lose weight, look great, and be healthy. go to aerotrainer.com. th

these are the three largest telecom companies in china. they are huge.sted from not just wall street, but the msci index and the ftse rossel index. this has rebounded somewhat by a record inflow of cash from the mainland. they have now made this request to be relisted. the nyse�*s review would be scheduled within 25 days from their filing. another thing china appears, it was waiting to, until today, was to slap sanctions on 28 from officials, including the now former secretary of state mike pompeo, others include peter navarro, trump train advisor, john bolton, four national security advisor, and former senior advisor steve bannon. they and theirfamily senior advisor steve bannon. they and their family members now won't be able to enter mainland china, hong kong, macau, according to the chinese foreign ministry. we know that president biden's new administration is expected to remain tough on china, but to recommit to international cooperation after the former president's defies the american first approach. —— divisive america first approach. first approa

time now for a look at some of the other business stories making news a trio of chinese telecoms companies that were delisted from the new york stock exchange have demanded the decision be reversed following an executive order from former president donald trump the new york stock exchange delisted china unicom china mobile and china telecom on january the 7th journal i looked on as i says it is losing a 1000000 euros every 2 hours as a result of the decline in global travel the stark statistic comes on the day that dutch airline k. alam announced it would be shedding up to $1000.00 jobs over the related distractions have left several airlines on the brink of collapse tesla has got the green light to build an electric battery factory just outside of berlin and will be set up here is soon to be completed electric car plant where production is due to begin in july tesla c.e.o. elon musk says the german battery plant will be the biggest of its kind in the world. a lockdown measures have been a disaster to many economic sectors including the fashion industry by the end of winter half a 10000000

equities from trading after all the flip flop by the n n n y s e which will remove china telecom china mobile and china unicom the exchange back to its original policy announced last week. that cohen is continuing its rally trading at over $37000.00 now and hitting a new record high on the day institutional investors have been scooping up the cryptocurrency as a hedge against the u.s. dollar which is while owing 3 year lows. german biotech firm cure is linking up with pharma giant buyer to get global support for its experimental covered 19 vaccine bio will help cure back gain approval for its job as well as provide access to its global supply chain and distribution network according to the german newspaper built. ability is an essential part of the movement towards a more sustainable world however there is still no widescale solution for recycling the raw materials in those vehicles particularly in the batteries they can save valuable matters that are live in limited supply particularly cobalt nickel and lithium but recovering is by no means straightforward. this fire department in the

launching self navigating balloons in kenya as recently as last year after partnering with local company telecom alphabets of the loan program was no longer sustainable part of the problem customers in rural areas couldn't always afford the necessary 4 g. phones to connect. over to the u.s. now with joe biden's expected signed new executive orders friday and of ensuring worker safety during the pandemic and expanding emergency benefits for americans amid a flurry of executive orders the new directives would allow workers to claim unemployment benefits if leaving their job over fears of catching the virus as well as improve collective bargaining rights for federal workers and other order would expand food subsidies biden has made economic recovery a priority of his administration while also seeking to expand the federal safety net for the unemployed. biden is also pushing a $1.00 trillion dollars stimulus to cushion the pandemics plough and i asked former u.s. labor secretary robert reich if that was enough i believe we need to reach deeper and farther and be bolder in terms of restructuring the

the new york stock exchange had an announced it was delisting 3 communications giants china telecom china unicom and china mobile. the delisting followed an executive order from president donald trump which barred american investments and chinese firms owned or controlled by the military now the exchange says it's changing course after talks of quote relevant regulators but today's announcement is not undoing the mounting tensions. this expression of chinese firms has a limited impact on the chinese companies but it will harm the u.s. his own national interests and the image of that country as well as the global position of the u.s. capital market has changed. the about face from the new york stock exchange has been called bizarre by some market watchers and is leaving traders smarting from the whiplash. but this saga could continue in its statement the new york stock exchange added they will keep an eye on whether these companies can remain listed. right a decision that caught many by surprise our financial analyst in new york now joins us good to see you what's behind this incision a su

china mobile, china telecom, china unicom hong kong are all down between three and 496 in are all down 4% in hong kong where they are also listed. the chinese commerce industry had already chipped in earlier, saying that they would take necessary measures to safeguard the interests of chinese firms. the companies themselves in a statement said they regretted the move but have not actually gotten any official notification from the new york stock exchange. 0ther shares though interestingly taking a summer today are companies from china's petrochemical sector because some analysts suggest those companies may be next on his every spending less. this list was originally published in november as part of the trump mensuration's efforts to buy us investment in 31 firms —— trump administration, owned and controlled by the chinese military. that list was expanded in december and now more chinese firms are added doing what is essentially two essentially president trump's last days in office. they are designed to make it difficult for president—elect biden to wind back when he is born into office.

hour a change of plan the new york stock exchange decides not to remove the shares of 3 chinese telecoms companies. saudi arabia the u.a.e. bahrain and egypt all agreed to restore full diplomatic relations with cattle the kingdom's foreign minister made the announcement following tuesday as gulf summit in it's the most significant moment in regional relations since the illegal blockade began 3 years ago delegates from the gulf countries signed a declaration calling for solidarity and stability. you know like the correlation. has achieved a settlement of all issues outstanding in a way that is entirely satisfied factory to all nations involved all the countries involved we are extremely pleased with having been able to achieve this very important breakthrough that we believe will contribute very much to the stability security of all our nations in the region we we have as you mentioned been working very hard towards achieving this breakthrough for many years and the timing is. just that it's that we were finally able to reach that conclusion and reach. a mechanism that was satisfactory to

following a decision to list 3 major chinese telecom firms from trading on the new york stock exchange the big board has had a change of heart and later on we head back across the pond as the u.k. has announced fresh stimulus measures to support businesses amid a renewed lockdown with a packed show today so let's dive right in. and we leave the program with a look at oil as the price for a barrel of oil in the u.s. broke above $50.00 for the 1st time since february now the move the move higher marks a steady comeback for oil prices after the coronavirus pandemic and subsequent demand last sent futures tumbling and briefly into negative territory last april but with the resurgence of the virus as well as the rise of a mutated version there are big questions surrounding whether all production should increase or not joining us now to. co-host and investigative journalist ben swan now saudi arabia and russia they were deadlocked monday over whether their producer's alliance should boost crude output but were able to actually come to an agreement on tuesday why was there such a deadlock and

one day into the new by administration and 3 chinese telecom companies are already asking the new york stock exchange to reconsider an executive order that would require them to be in do list it state owned companies china mobile china telecom and china unicom have individually requested the n.y.s.e. to begin their review with 3 nearly identical letters within hours of biden's inauguration so joining me now to discuss both and investigative journalist ben swan so ben where do these companies currently stand. yes right now there is essentially asking the new york stock exchange is it mentioned to reconsider this deal list and it goes back to an executive order that was signed by president trump back in november i believe it was november 11th of last year and the goal of that executive order was essentially this it was saying that any chinese company that assists in any way the chinese military could not be on a stock exchange in the united states because u.s. investors were banned from being able to invest in those companies that was the idea so the n.y.s.e. essentially had to delist th

now the new york stock exchange says it no longer plans to delist 3 major chinese telecom companies means that these firms will continue to be traded on the exchange the details were provided for the u.-turn let's hear now from dickie wall who's a stock analyst and he says that this was an unexpected nudes. it came in to his surprise but honestly speaking we can see those 3 telco share price rebounds quite significantly in the morning and the longer term i thing this tendency or the situation will not change at all because most of the old chinese companies are now this thing in the u.s. there was sick for seek for a secondary listing opportunity maybe in hong kong or maybe in shanghai starboard because those chinese companies will face more and more pressure from the regulators test no question asked at all let's join katrina you in beijing katrina jose has beijing likely to perceive that you today. well this is definitely going to be seen as a positive move we haven't had any official response from the aging yet but these 3 companies are state owned at the biggest chinese telecom compani

so the fate of these chinese telecoms on u.s. exchanges is left hanging in the balance, as well as many investors who have seen this flip-flop flip of their shares, which of course in after hours after a big rally overnight, went lower again. rishaad: thanks, steve. into autonomyher here in hong kong. let's get that story and the rest of the first word news with karina mitchell. karina: several hong kong makers are among dozens taken into custody on wednesday on suspicion -- it appears to be one of the most difficult sweeps yet. facebook posting a former were among those arrested by the national security branch on allegations of subversion. in other news, chinese regulators are reportedly trying to force jack ma to share the wealth of data is ant group has collected. dow jones report beijing wants to break what they see as the company's monopoly over data. ma is under pressure from investigations into aunt and alibaba, witch stand accused of monopolistic presses -- practices. medical experts from the fda and w.h.o. are urging vac

, mobile and china telecom. interesting, jim, to see what reasoning they give. they said it was in light of further consultation with relevant regulatory authorities. >> yeah, i thought it was curious. but you're absolutely right, carl here we go this is, i think, the beginning of china, by the way, back to where it was before the pandemic, of some sort of thaw where there is a recognition that if you do something that is positive with china, the president will distract you with the georgia situation, you're not going to get a thumb in your eye from a tweet i think right now, let's say the president will more focus on china, and less on georgia, i think the nyse would be, let's say, blasted, blasted, by a series of tweets from the president. but he seems a little distracted i know it is probably in terms of pecking order might be a georgia, like the vaccine, david is focused on the vaccine. and then china, but this is a very big deal that has not going to be able to be reviewed by the president. so the way you w

scrapping plans to delist chinese telecoms. we discuss.is bloomberg. ♪ anna: welcome back to the european mark open. 30 minutes from of the start of cash equity trading. futures developing this morning. we have u.s. futuring pointing to the up side. we saw heavy losses coming through on u.s. equity markets. rare for the first day of trading in a new year. the european markets moving to the down side in terms of futures. that is about we see. thinking about things we look ahead to, it is a big day in the unless with run-off elections held in the state of georgia. the result will determine which party controls the senate for the first two years of the biden administration. on the agenda, the german chancellor, angela merkel is meeting regional leaders. they are expected to discuss a national lock down until the end of the month. on thursday well get a bigger picture when euro area inflation figures are published. reflation. ng about in the united states, initial jobless claims. and we get construction. all of that data will be published. a m

telecom giant nippon telegraph and telephone is discussing additional measures to promote remote working for the group's 180,000 employees. half or more of its personnel in the general affairs planning and other areas are already working from home. mitsubishi electric plans to limit the number of workers at its offices in tokyo and three surrounding prefectures to 30% of normal levels or less. another telecom giant, kddi, this month reduced by 40% the number of seats at its head office in central tokyo. but some people in tokyo say taking further measures to work from home will not be easy. >> translator: we try to hold an online meeting, but the senior workers couldn't adapt to it. it's a delicate issue. >> translator: i will probably be commuting. my company hasn't said anything about it yet. >> reporter: a november survey by a tokyo research firm involving 10,000 companies suggests 30% of them have employees working from home. more than a quarter said they no longer do. 43% said they never introduced remote working. >>> the leading music awards ceremony in the u.s. has been postponed

the new york stock exchange is reconsidering its decision to halt the delisting of three major telecom companies. d after consulting with regulatory bodies but they are now reconsidering to go back to their original decision. of course, that was on the back of an executive order by president trump. treasury secretary steve mnuchin told them today that he disagreed with their reversal earlier. i want to talk about chips. 2.5%,mm ending the day up announcing that the president will be taking over for steve mollenkopf as he retires as ceo. that was a fairly unexpected move. what kind of reaction did we see in the market? a longtime engineer. steve mollenkopf said that he knew his decision to retire would be seen as early in any event. and he said that the company is in a good place. elsewhere, we got news from micron, raised from a cell to a buy. lots of confidence that sales will rebound and micron will be a big beneficiary of that. on the whole, the philadelphia semiconductor index is continuing on in 2021 very much as it left off last year, which is to outperform major indices includin

how did it come to this how did the chinese telecom company way find itself involved in new technological and geopolitical war. we're now in an era where technology artificial intelligence quantum computing telecommunications and cellphones are the commodities that are driving conflict at a global scale. the reason behind america's anxiety regarding one way is that its activity reaches much farther than telecommunications he who dominates will undoubtedly dominate a large portion of to moore's economy. a 5 g. network the cheap cables. facial recognition cameras the cities of the future. is weaving a new technological where the covers the whole world. while way is something that's very dangerous you look at what they've done from a security standpoint from a military standpoint it's very dangers. this is the story of what way the symbol of china's success and the import of the worst fears of the world. to assess the ambitions of the giant one way we had to southern china not far from the city of. this isn't a brand new theme park the fast majestic headquarters of. outsized nature of which

nation'ss after the telecoms giant was booted out. bloomberg. ♪ are you frustrated with your weight and health? it's time for aerotrainer, a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time, all while maintaining safe, correct form and allows for over 20 exercises. do the aerotrainer super crunch. the pre-stretch works your abs even harder, engaging the entire core. then it's the back extension, super rock, and lower back traction stretch to take the pressure off your spine and stretch muscles. planks are the ultimate total body exercise. build your upper body with pushups. work your lower body with the aerosquat. the aerotrainer is tested to support over 500 pounds. it inflates and deflates in less than 30 seconds using the electric pump. head to aerotrainer.com now. now it's your turn to lose weight, look great, and be healthy. get off the floor and get on the aerotrainer. go to aerotrainer.com, tha

how did it come to this how did the chinese telecom company while way find itself involved in new technological and geopolitical war. we're now in an era where technology artificial intelligence quantum computing telecommunications and cellphones are the commodities that are driving conflict at a global scale. the reason behind america's anxiety regarding one way is that its activity reaches much farther than telecommunications he who dominates will undoubtedly dominate a large portion of to moore's economy. a 5 g. network deep sea cables facial recognition cameras the cities of the future. is weaving a new technological web the covers the whole world. while away is something that's very dangerous you look at what they've done from a security standpoint from a military standpoint it's very dangers. this is the story of what way the symbol of china's success and the importance of the worst bits of the modern world. and. to assess the ambitions of the giant weiwei we had to suffer in china not far from the city of shenzhen. this isn't a brand new theme park the fast and majestic headquarters of w

name has become synonymous with the trade war between the united states and china one way chinese telecom giant weiwei is accused of espionage by washington and threatened with losing access to american markets and technology get. a few months ago just pronouncing the company's name was a challenge. since then while weight has made a name for itself firstly with the smartphones $59000000.00 of them sold across the globe in the 1st quarter to $2900.00 it's fewer than something more than apple with only 36000000 cell phones sold or. first the bride. huawei is is one of the biggest chinese companies it's grown exponentially over the last decade in pretty much every part i'm talking occasions they're building phones they're building wireless networks they're building all sorts of components and they're one of 4 mean suppliers of 5 g. technology which is going to be an evolutionary change the new world punctuated by technology wars and devoured by geo strategic tensions. at the heart of these new states is announced revolution. ultimate weapon developed by way adventure which is tormenting the

giants the exchange initially planned to drop the listings for china telecom, also china mobile and china unicom, all that to comply with an executive order that president trump signed in november now, the white house alleged those companies aid the chinese military the new york stock exchange said it had dropped its plan to delist the stocks after consulting with regulatory authorities in connect with the office of foreign asset controls so it will be very interesting to see and by the way, we're having this conversation this morning about china, tiktok has been on the list, are they going to get -- so i think that there is a lot of things that will move around over the next couple months in part because of maybe who is in the white house. >> and what else did we learn yesterday? remember w it's hard, it's hard, health care is hard to solve. health care. i don't care who you are i don't care if uyou are warren buffett, or jeff -- i just hope that it is not that we lost a couple million dollars here, we better shut this down. >> i think it was that all three of the companies were ki

the exchange had planned to remove shares of china telecom, china mobile and china unicom from january board says the new decision comes in light of further consultation with regulators. it doesn't give any further details. trump issued the order in november. it prohibited american investment in chinese firms with alleged ties to the military. beijing opposed the delisting and warned of countermeasures. it said the move went against market rules. >>> shareholders of fiat chrysler and the parent company psa have given the go-aheado a merger. the move will create the world's fourth largest call maker to be called stellantis. the europe-based auto makers launched the talks two years ago. the eu granted anti-trust approval for the deal last month. >> we believe that the coming decade will redefine mobility as we have known it. we and our merger partners are intent on playing a leading role in building this new future. and it is this addition that has brought us together. >> brands within the combined company will include peugot, fiat and jeep. stlantis will trail volkswagen and the nissan

telecom shares surging on the news. ryan payne, what do you make of this?ou're investing in china you're always going to have political risk. i think what's interesting about it is these three companies specifically have very little exposure to the u.s. so really as some sort of security risk, they probably pose little security risk whereas companies like huawei, they were spying in 5g technology and you have other of companies like tiktok where basically american users are using the technology. i think that's number one. number two, what i would mention about these three companies specifically is they're dirt cheap. they're old school telecoms, they pay between 4 and 7% dividends and gregory just mentioned how abysmal yields are in the u.s. and they basically trade single digit multiples. so i think as an investor when you start thinking about where to put money, it doesn't have to necessarily be in china but a lot of the telecoms, and you take verizon, take at&t, they all trade cheap and they all have huge, huge dividends right now and if we have inflatio