we heard from tencent not long ago when| from tencent not long ago when it said _ from tencent not long on that— it said that its inclusion on that list— it said that its inclusion on that list is clearly a mistake. it that list is clearly a mistake. it adds— that list is clearly a mistake. it adds we are not a military company— it adds we are not a military company or a supplier. unlike sanctions _ company or a supplier. unlike sanctions or export controls, this— sanctions or export controls, this listing has had an impact on their— this listing has had an impact on their business. we are seeing _ on their business. we are seeing some reaction on the stock— seeing some reaction on the stock market. tencent's shares faiis _ stock market. tencent's shares faiis foul— stock market. tencent's shares falls foul today. it is the atl also called the designation, it is not military related _ designation, it is not military related. this is one of the actions _ related. this is one of the actions taken by washington in recent— actions taken by washington in recent years. it has strained relatio

we heard from tencent not lona illegal. we heard from tencent not long ago — illegal.nt not long ago and _ illegal. we heard from tencent not long ago and it _ illegal. we heard from tencent not long ago and it said - illegal. we heard from tencent not long ago and it said its - not long ago and it said its inclusion on that list is clearly a mistake. it adds, we are not a military company or supplier. the gaming and social media company also saying that unlike sanctions or export controls, this listing has no impact on our business, but we are seeing some reaction on the stock market, tencent shares fell as much as 7%. the atl, the world's largest electric vehicle battery maker, it shares have dropped. by more than 5% in early trade. they also called the designation a mistake, saying it is not engaged in any military —related activities. these additions to this list are among the many actions taken by washington in recent years that have weighed on strange relations between the world two biggest economies. the list serves to tell american companies to be wary of doing

shares in tencent and ca tl are plunging this morning after the u.s.lacklisted them for alleged links to the chinese military in a surprise move just weeks before donald trump takes office in the u.s. during let's bring in rebecca wilkins for the details, the implications. bring us up to speed on the latest black list some prominent names on this list. we mentioned a couple of them but also the shipping firm costco and a major energy giant backed by the chinese state. what are the details? >> this news has been dominating asian trading floors and a lot of this has taken people by surprise. some investors bemused by the inclusion of the likes of tencent, which is generally considered a consumer facing tech name, as well as the car making battery maker. it's important to note that the list, this pentagon list of companies with these alleged links to the military does not necessitate any sanctions or immediate restrictions on these companies but is essentially a form of discouragement to u.s. entities and companies from doing business or trading these nam

tencent is a key player in china's technology sector, operating the wechat super—app.a statement the company said... catl produces roughly a third of ev batteries sold globally. it called the designation a mistake. there shares are trading lower today. us steel and nippon steel have filed two lawsuits, after president biden blocked the japanese firm from taking over the american steel giant last week. biden said he halted the deal, worth nearly fifteen billion dollars, on national security grounds. for now, nippon steel has 30 days to abandon its takeover offer. they are fighting back against an order to terminate the order. it would have been amongst the biggest merger in steel industry in the us in years. the companies claim president bytedance dr dall to pursue his physical agenda during the election season. —— president biden use the order. president biden use the order. president biden use the order. president biden maintained us steel should remain american for security reasons. there has been a strain with japan as a result. the prime minister of japan expressed

even tencent itself thought it might be a mistake.y caught off guard, as a lot of us in washington were. it showed up in the federal register. the pentagon just dropped it in there. but there is precedent. it dates back to 2020. under an executive order donald trump asked the defense department to look for companies in china that had ties or control by china's military. the concern isthe concern is ths between china's military and the business community in china poses a risk to global security. as a result we see this listing. it is important to note that there is no sanction attached to it. however, there is something that would discourage u.s. firms from doing business with anybody who is on this list. caroline: i think there was a worry they would be forced to deal list. is there any reality in that? certainly tencent came out with a statement saying this does not affect our business in the here and now. mike: that is a good question and it was one we were chasing down yesterday. as far as we can tell there is no immediate threat o

how has tencent responded to this development? yes, we heard from tense and not long 1534 00:1

tencent shares tumbling in hong kong trading overnight after the u.s.nse included in in a list of chinese military companies. >>> dana white, the head of the ufc is joining meta's board. perfect fit. details from the announcement straight ahead. >>> and mcdonald's is the latest company to announce changes in the dei plans. it's tuesday, january 7th, 2025 and "squawk box" begins right now. ♪ >>> good morning, welcome to squawk box here on cnbc. we are live from the nasdaq marketplace. welcome back. we are all three together for the first time in a while. for his first time we are together this year. happy new year. to curb your enthusiasm. it is just too late. except for that yesterday was the first week back for everybody. for i think the third is too late, according to him. when anybody says it to him, he does not just say whatever. is for i said that larry david

tencent is a key player in china's technology sector, operating the wechat super—app.ghly a third of ev batteries sold globally. there shares are trading lower today. apple says it will issue a software update to a new ai feature which has published several false news alerts. the service uses artificial intelligence to summarise stories from various sources. one recent notification, listing bbc sport as a source, incorrectly told users that the spanish tennis star, rafael nadal, was brazilian, and had come out as gay. the bbc has called on apple to urgently address the problem, saying that accuracy of its news content is essential in maintaining public trust. to another big story, us steel and nippon steel have filed two lawsuits, after president biden blocked the japanese firm from taking over the american steel giant last week. biden said he halted the deal, worth nearly $15 billion on national security grounds. andrew astuno who has previously represented institutional clients in filings with the committee on foreign investment in the united states, took me through

tencent says the inclusion on the list is a mistake.d has no impact on the business. >>> in the meantime, meta is adding dana white to the board. mark zuckerberg developed a relationship with white in recent years and interest in mixed martial arts. meta donated $1 million to the trump inauguration fund. and talks with 45,000 dock workers set to resume today. they want to drop concessions on automation to load and unload containers on ships arguing they pose a threat to jobs. so, debate of jobs and technology at the center here. >> it raises questions about the 67% raise they had before and if they get that raise, i don't think they would have that raise if they don't have automation that comes in. a lot of moving pieces and you have eight days until that strike would take place. it's half of the ports in the country. >>> take a look at the futures this morning. rite right now, the dow and s&p are up. the nasdaq has taken a step lower down y 15 points right now. not a huge decline, but it has reversed course this morning. let's get to d

defense officials also listed tencent as a company, putting pressure on the stock. taking a look at the one week move on tencent, down more than 11%. >>> we have a lot more to come, including why my next guest is the new love affair with one sector not named tech. first, what's ahead for industrials after the fed rate cuts failed to spark a widely expected rally and much, much more on the quantum stock drop and this means the end of wild wind streaks. later on, we'll break down mark zuckerberg's play book. he insts.ans for veor weava very busy hour just ahead, when worldwide exchange returns. don't go anywhere. t-mobile connects 100,000 delta airlines employees, powers tractor supply's stores nationwide with reliable 5g business internet, and partners with pga of america on game changing innovation. this is how business goes further with t-mobile for business. let's say you're deep in a show this is how business or a game or the game. on a train, at home, at work. okay, maybe not at work. point is at xfinity. we're constantly engineering new ways to get the entertai

tencent and ubisoft getting closer.a new objective and inject new value into the games of ubisoft and help tencent inject value into its projects abroad? mike: coming up, robert hillmer will join us to discuss his firm's latest efforts to back some of the most highly coveted private tech companies. this is bloomberg. ♪ can't believe you corporate types are still at it. just stop calling each other rock stars. and using workday to put finance and h.r. on one platform. tim, you are a rock star. using responsible ai doesn't make you a rock star. it kinda does. you are not rock stars. (clears throat) okay. most of you are not rock stars. oooh. data driven insights, and large language models. oh, that's so rock roll. it is, right. he gets it. yeah. caroline: you are looking at a live shot of the principal room. palmer lucky joins bloomberg technology tomorrow for live exclusive interview. you do not want to miss it. this is bloomberg. mike:goanina capital has announced plans to deploy billions of dollars into companies like

, communication aircraft corporative china as well as cattle and as you see the list of tencent holdings heavily traded in china added dozens of american companies to the export control list to safeguard national security and interests. you know what china is doing is completely in response. of course they are military in nature that is the law and china. the first priority is always military. we all know what military, civil fusion means. what china is doing is completely retaliatory it's a negotiating posture. whether or not he decides to pare back the universal tariffs i have no idea whether he's going to do it. if you're using that as a posture you cannot show your hand and say it just to be on treatment areas. certainly a concern but when you look at what's going on with china let's not forget what they're doing with the rare-earth minerals. they don't want to export those anymore and we need those for electric batteries. certainly a lot of retaliation coming out of china it remains to be seen what happens with these tariffs from an investment standpoint consumers and investors are

blacklisting tencent for links to the chinese military.mpanies say they have no ties to the military and is threatening to disrupt the global eb market with those dependent on -- ev market. tencent said we have no relationship whatsoever. annmarie: if you are a chinese company, u.s. officials tell you they have an obligation if there is national security concern and the ccp says we need to know about this, they have an obligation to share the information with the ccp. incoming secretary of state marco rubio talked about catl in august, the fact this is a vital supplier to pla and he wanted it put on a black list. you will see a lot of this, the list designates from trump 1.0. my question is if the biden administration waited two weeks to put the names on a list. lisa: hundreds of officials have been hacked into. people are trying to avoid ccp oversight in the united states. there's question about this is a tit-for-tat or broader recognition and a decoupling of tech in the united states and china. annmarie: we talked about how we all read t

. >>> in other developments, tencent shares closed lower after the u.s. department added battery makers eatl to the list as well as china's largest shippingcompany cosco. tencent and eatl said the inclusion on the list is a mistake. >>> we saw the u.s. dollar continuing to hover around the one week low against the euro and sterling as the hopes that the u.s. president trump will water down his take on tariffs. this after the washington post was looking at planning for certain sectors. trump has denied those reports. the dollar has been on a tear since the fed meeting nd jay powell's comments that he sees fewer rate cuts in the year, in 2025, that is. let's discuss these dynamics with our next guest. dominic, good morning. happy new year to you. i would like to understand what is the outlook for the dollar here? we are basically witnessing a little bit of a change in narrative for the greenback off the back of that report from the washington post. do you think this change in narrative is likely to continue? are we are track to see a softer dollar? >> good

also coming up, tech tensions flare with china as the us accuses tencent and

tencent announced its biggest buyback since 2006, purchasing hong kong listed shares amid a selloff ina u.s. blacklist for alleged links to the chinese military. indonesia keeps its apple iphone 16 ban. it says the investment plan is insufficient to meet local investor requirements. indonesia says is willing to negotiate with apple but may post sanctions if the company continues to not comply. and tiktok shop rival whatnot says it plans to use funds to hire engineers, improve customer service, and expand to new countries. the funding round coincides with a looming u.s. been potentially on tiktok, sending some of its sellers potentially to competitors. coming up, more after this break. this is bloomberg technology. ♪ this is clem. clem's not a morning person. or a night person. or a...people person. but he is an "i can solve this in 4 different ways" person. and that person... is impossible to replace. you need clem. clem needs benefits. work with principal so we can help you help clem with a retirement and benefits plan that's right for him. let our expertise round out yours. ed: this

i continue to think names like alphabet and tencent, as long as the government lays are, are not reallyacro stories at this point. two of the most important tech companies in the world and i think you look at the balance sheet and the technology story there. but again i do think that the china macro story is now moved into a currency watch across em, by the way, trading at three-month lows. we talked about dollar. it's a big deal for emerging markets. >> steve? >> rare earth. the materials. >> what did you call them? >> mood rings. i think mood rings. mp is the -- up 11% today. i bought it this week. i think you are going to see president trump ramp up and start to support these companies because he is so concerned with a lot of these rare earth materials for the issue with china. >> all right. coming up, you booze, you lose. that's the message from the u.s. surgeon general today. the stock is getting hit from the latest health warning. more "fast" in two. we'll talk alcohol. i had the worst dream last night. you were in a car crash and the kids and i were on our own. that's awful, hon.

tencent has repurchased 3.9 3 million hong kong listing shares tuesday, it's biggest buyback in nearly two decades following a monday selloff which was sparked by the tech firms addition to the u.s. blacklist for allegedly's to chinese military. tencent denies the allegations and says it with the department of defense to address any under -- understanding. >> more from danny in 30 minutes time. trumps big plans. >> we will be changing the name of the gulf of mexico to the gulf of america. we needed for national security purposes pre-canada and the united states that would really be something. you get rid of that artificially drawn line and it will be much better for national security. jonathan: quite a news conference that's next. good morning. ♪ tamra, izzy and emma... they respond to emails with phone-calls... and they don't "circle back" they're already there. they wear business sneakers and pad their keyboards with something that makes their clickety- clacking... clickety-clackier. but no one loves logistics as much as they do. you need tamra, izzy and emma. they need a retirement

tesla was still ahead on evs >> we do have tencent down as a chinese military company. >> i think that that's -- that's the new world which is that we find that these companies that spy on us, companies that have any sort of technology can be used military, we're taking them out. >> yeah. although speaking of spying on us, the incoming administration i think is not going to try and shudder tiktok, and we're -- shutter tiktok, and we're waiting for the supreme court to rule. >> what did you think about the battery, ford's battery company? i think that's significant that that, too, is on the list. we don't know what the list means. just like when biden banned all drilling yesterday -- >> that was offshore drilling. >> i forgot, today is onshore. today is onshore. how about the permian. you shut permian down? >> you seen the production numbers? >> when he's speaking about permian he's talking about the production of james dean. using it as a background for joined. isn't that what he's talking about with production? >> i think it was offshore. >> no, i know. that was being what's called fa