u.s. products or return barriers that it had already earlier reversed say like on u.s. auto imports the problem is that china exports more than the u.s. does and it would very quickly run out of you x. u.s. products to impose tariffs on if it includes semiconductors and boeing planes alternative suppliers for those things would also be in a position to raise prices dramatically so be beijing could lose out on that and. what it could also do is devalue its currency to make its exports cheaper but that's unlikely to go over well domestically again alternatively it could also respond with the boycott of american goods the problem is a lot of chinese workers do work in the assembly and manufacture of american goods like i phone so that could backfire as well so it's wide open what china could do at this particular moment but you have quite a few analysts saying that from an economic standpoint to and from with a perspective that what they actually want to do is achieve a deal the most prudent thing to do would be nothing now this would all be see how already occurred to chi

u.s. and china, and you decided to move some production out of china. nick: that's right. me about that. nick: we are moving our u.s.-bound camera production to mexico, but keeping rest of world reduction of cameras in china, so cameras going to europe or cameras destined for asia will still be produced in u.s.-boundthe production in mexico helps us to avoid tariffs. emily: you said we are not going to get caught in this. ,ick: we have a saying at gopro we don't want to be a deer in headlights. we want to be the ones driving the truck. when not going to hit the deer. we definitely don't want to be the deer. we said let's go research where else we would build our products. we landed on mexico. through our research, we learned there were financial benefits, logistical benefits to doing so anyway, regardless of tariffs or no tariffs also whether or not -- so whether or not the terrorist threat becomes real, we are happy to be moving our u.s.-bound production to mexico. you have a book about the challenges women face in technology, and your team was up front about their own cul

u.s. products or return barriers it earlier reversed, say, like on u.s. auto imports. the problem is that china exports more than the u.s. does and it wouldld quiuickly run ouf u.s. products who imposee tarifs on if it includes semi conductors and boeing planes. alternative suppliers could raise prices and beijing could lose on that end. it could also devalue its currency to make exports cheaper but that's unlikely to g go over well domestically. alternatively, it could boycott american goods but the problem is that many chinese workers work in the assemblbly and manufacture of american goods like iphones, so that could backckfire. it's wide o open whahat china cd dodo at this moment b but many analalysts are sayaying that frn economicss standpoint and with the perspective that what they actually want to do is achieve a deal, the most prudent thing to do would be nothing. this would obviously have already occurred to chinese policymakers but they're also under political pressure to act. we'll have to see which side wins that argument. phil: oliver, bounce us through th

products. well we do hear hard line nationalists saying that china can't buy anything from the u.s. because china has a weak hand in the traditional tit for tat way when it comes to raising tariffs probably won't be a great option for example with all the farm products u.s. soybeans are the most competitive on the global market plays of course trying to say that it wants to buy it from other countries for example like brazil but brazil doesn't have enough good quality soybeans to make up the shortfall for the u.s. so it's really limited revenue for china so that probably reasonable when in chinese policy is to really think of what kind of retaliation they want to do because it can only goes that far before it backfires and i guess the juicy american steak just sounds so much better than a chinese steak doesn't it. well yeah well a lot of. chinese people they really like u.s. products just as we measure in the soybeans and us steak for sure so where does this dispute between the u.s. and china leave taiwan which is where you are i mean europe for example is stuck between a broken hot

production out of china. nick: that's right. emily: tell me about that. nick: we are moving our u.s. camera production to mexico, but we are keeping rest of world production of cameras in china, so cameras that are going to europe or cameras that are destined for asia will still be produced in china, but the u.s.-bound production in mexico helps us to avoid any threat of tariff. emily: you saw the trade tensions happening and said, "we are not going to get caught in this." nick: we have a saying at gopro, "we don't want to be a deer in headlights. we want to be the ones driving the truck." we are not going to hit the deer, either. don't worry about the deer. but we definitely don't want to be the deer. we said let's go research where else we would build our products. we landed on mexico. through our research, we learned there were financial benefits, logistical benefits to doing so anyway, regardless of tariffs or no tariffs, so whether or not the tariff threat to our product category becomes real, we are happy to be moving our u.s.-bound production to mexico. emily: you invited me h

u.s. products, with other goods subject to duties ranging from 5% to 20%. the european union is set to retaliate against the u.s. it is finalizing a list of products to affect if president trump continues on with car imports. theresa may is trying to arrive brexit negotiations with the opposition party, promising to reopen talks with the european union. she says they will explore rerunning the agreement on customs ties. she warns lawmakers don't want a second referendum on brexit. swedish prosecutors will reopen into rape allegations with julian assange. authorities want to question him over a 9 --year-old rape allegation. global news 24 hours a day, on-air, and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm kailey leinz. this is bloomberg. in new york, 1:00 6:00 in london, 1:00 in hong kong. i'm vonnie quinn. welcome to "bloomberg markets." from bloomberg world headquarters in new york, here are the top stories on the bloomberg and around the world. china defies president donald trump. the country announces

u.s. production. it has been steadily moving upwards. ing that continues across your forecast rising -- horizon? christyan: is a great chart. it shows how they're trying to bounce production and how the u.s. is just plowing across. basically putting a rocket under shale. anna: we have not seen anything yet. christyan: we continue to see the growth, which clearly means that opec and the rest of the market has to balance. opec production, i expect them to remain in retreat, if you like. but it think we should get used to that. in the medium-term, we still have a lack of investment. deficits are run and we will see a market over the medium-term. shale will help fill the gap, but does not necessarily bear well. there is a debate out there as to whether we need as many barrels for more. in a, i would not say partnership wage, but essentially helping share that task. look at the g lco screen a lot. if you just click into the energy sector, you see mostly green arrows. it has been a great year for most of these products, but gasoline especially,

u.s. production has changed.e brent crude going to europe, wti screwed here still is affected and very sensitive to this issue, phil. why is that in this you day and age? >> i think what it is -- i think to be honest with you, i think the march he get's been relatively calm to -- market's been relativel reel relatively t would have been if we didn't have u.s. production where it is. that's created a buffer. i think prices would have been $10 higher if it weren't for that extra supply. i'll tell you this. this is really going to test the metal of the u.s. producer. we talk about saudi arabia being the he global swing producer because they're able to raise production quickly if there's a disruption. u.s. producers can't do that. this is going to put that to the test. cheryl: do you think gas prices are up this summer? >> that's an easy one. yes, ma'am. cheryl: thank you for being here. always great to have you on the show, phil. >> thank you. lauren: i filled upped yesterday. i was shocked how much more i've expens

u.s. products including american airplane parts and liquefied natural gas are among exports to be hit by the new tariffs from the beginning of next month washington sanctions announced on friday activated a new 25 percent duty on nearly $6000.00 categories of products from china. after announcing his new tariffs president donald trump took to twitter to assure his people that china would foot the bill for them saying we will be taking in tens of billions of dollars in tariffs from china but on us t.v. one of trump's chief economic advisors was forced to admit that u.s. citizens were going to be splitting the bill with chinese consumers despite beijing's bluster by setting the june 1 date rather than making the retaliate 3 measures immediate china at least appears to believe that the 2 economic powers can find a resolution. and for more on this let's go now to our financial correspondent new york quarter yes it's been quite a day on wall street what's the latest. well i mean investors seem to be losing faith that trade deal can be reached anytime soon and we have especially companies who eith

u.s. products worth 20000000000 euros which retaliatory track terrorists could be never meet the united arabemirates has launched an investigation after 2 saudi oil tankers were attacked off the country's coast the incident took place just outside the strait of hormuz a key passageway that is used to transport oil from the middle east to asia europe and the united states the assault comes at a time of tension in the region with saudi arabia and the united arab emirates firmly backing u.s. sanctions against fellow oil producer and rival iran. pakistan has reached an agreement for a $6000000000.00 bailout package with the international monetary fund the cash will be paid out over a period of 3 years and will require the country to reform its public finances and slash public debt but will it be enough to tackle the country's economic crisis. pakistan is no stranger to cash injections from the i.m.f. the latest bailout will be the 13th it's received since the $1980.00 s. the country's finance minister says he hopes it will be the last but that will depend on the government's ability to tackle so

so we said let's go research where else we could build our products for the u.s. market. mexico. through our research, we learned that there were also financial benefits, logistical benefits to doing so. regardless of tariffs or no tariffs. threat or not the terror to our products became real, we are happy to be moving our u.s. bound production to mexico. you can catch that full gnterview tonight on "bloomber 1.0." that does it for this edition of " bloomberg technology. we are live streaming on twitter as always. we will be back tomorrow. this is bloomberg. ♪ >> i am paul allen in sydney. >> i am sophie kamaruddin in hong kong. we are counting down to asia's markets open. >> here are the top stories we are following in the next hour. u.s. stocks fall. leaving policyma

u.s. products. glad you're back how you feeling? ♪ ♪ (both) exhausted. finally being able to make that volunteer trip happen was... awesome. awesome. you have to scrub. what do they... they use for washing. ♪ ♪ let's do it every year. we'll do it every year. i thought you'd say that - let's do it. ♪ ♪ see how investing with a j.p. morgan advisor can help you. visit your local chase branch. at at&t, we believe in access. the opportunity for everyone to explore a digital world. connecting with the things that matter most. and because nothing keeps us more connected than the internet, we've created access from at&t. california households with at least one resident who receives snap or ssi benefits may qualify for home internet at a discounted rate of $10 a month. no commitment, deposit, or installation fee. visit att.com/accessnow to learn more. >>> today president donald trump downplay the trade tensions with china calling it a squabble that could be resolved in just a few weeks. but the u.s. is still preparing even more tariffs on chinese goods.>> china i

u.s. products from batteries to coffee and set to take effect on june 1. >> raising tariffs will not solve any problems. china will never surrender to external pressure. >> they will range from 5% to 25%. retaliation after trump tariffs some $200 billion of chinese goods. the president saying china backed out of the deal at the last minute calling it unacceptable. the chinese called that accusation irresponsible. >> we have the right to do another 325 billion. >> reporter: the trade war between two at the largest economies causing the stock market to tumble. >> we will suffer from the long- term damage but they will too. >> chuck grassley warning president trump the ongoing trademark will hurt both countries adding americans understand the need to hold china accountable, but they need to know the administration understands the economic pain they would feel in a i trade for. >> the president confirmed he will be meeting with the chinese president at the end the june saying he thinks the meeting will be fruitful. at this point there were no concrete plans for the two countries to meet betwee

u.s. and china. you decided to move some of your production out of china. tell me about that. re moving our u.s. bound camera production to mexico. but we are keeping the rest of world production of cameras in china. cameras that are going to europe or destined for asia will still be produced in china. but the u.s. bound production in mexico helps us avoid tariffs. emily: so you saw the trade tensions and said you are not going to get caught up in this. nick: we have a saying, we do not want to be a deer in headlights. we want to be the one driving the truck. we are not going to hit the deer either. don't worry about the deer. but we don't want to be the deer. we want to have more say and our destiny. so we said let's go research where else we could build our products for the u.s. market. we landed on mexico. through our research, we learned that there were also financial benefits, logistical benefits to doing so anyway, regardless of tariffs or no tariffs. whether or not the terror threat -- the tariff threat to our products became real, we are happy to be moving our u.s. boun

u.s. production? >> u.s. oduction has held up this year and what we've seen is not superman if you have president trump calling the saudis saying help me out and give me those barrels and it shows the limits of american energy dominance and part of the thing is taken off the market are medium and heavy barrels and what does the u.s. produce? light and medium barrels and those gulf coast refineries that we were taking to venezuela in barrels and the replacement product is saudi arabia, if iraq doesn't give the barrels and if canada has infrastructure problem and the u.s.-shale story can't make up for that and so shale may be a key bright spot to supply, and i'm going to switch gears, if i can, what you may not know about halima kroft, tombraider, she's a former chi analyst stationed in the democratic public of congo >> i used to spend time there. i was not an operative i was not an analyst >> no, i was an analyst and i spent time in the drc. >> she just said it herself. >> the reason i bring it up is where the

u.s. slaps new tariffs on china. we will look at how this impacts all americans. >> these tariffs often increase prices for consumers. >> is it making american products more competitive yes. >> an iranian commander today said there will be no talks with the u.s. >> this comes as more u.s. forces begin arriving in the region. >> the white house ordering deployment to counter unspecified threats from iran. >> glor: cutting edge treatments offer new hope to patients with pancreatic cancer, one of the leading causes of cancer deaths. >> my body has come back, and the tissue has come back. i feel really good. >> glor: more wet weather could put a damper on mother's day weekend for millions. >> a san francisco teacher battling breast cancer is being forced to pay for her own substitute. >> that just seems fundamentally wrong that you would have to do that when you're battling cancer. >> glor: and steve hartman with a student who refused to miss a day at school for 13 years. >> reporter: so you offered to take him to disney world? >> we were going to take him out of school, and he said no. >> i turned down disney world. >> glor: good evening. i'm jeff glor. and this is our

u.s. oericultural products and energy, reduceg orders and restrict the u.s. service trade withchina. many chinese scholars are discussing the possibility of dumping u.s. treasuries and how to do it specifically. a boeing spokespersonays the company is confident the u.s. and china will continue trade c discussions ae to an agreement that burn fits both u.s. and chinese and consumers. nonetheless, the stock fell more than 4 1/2%. >> what about that line in the chinese editor's tweet about china selling u.s. treasuries. china is the biggest buyer of our de. what wou happen to interest rates and our economy if it started selling those treasuries. ll adams is senior economist with dnc financial services group. bill, thanks for joining us tonight. >> thanks for having me. >> it's considered highly unlikely they would think about selling too many of their treasuries. what do you think -- i't it interesting they even brought it up? what do you think would happen if they did start thinking about selling inside? >> i think if we did see a large sale of treasuries by china's central bank, we wo

u.s. products. the retaliation comes three days after the u.s. hiked tariffs on chinese products from 10% to 25%. surveys show the trade war could cost the average american family of four almost $800 a year. president trump may not be done. >> i love the position we're in. there can be some retaliation, but it can't be very, very substantial by comparison. >> tariffs are a terrible way to try to get china to change its behavior. >> these tariffs would kick in on june 1st. >>> an emotional day in court for actress felicity huffman. she pleaded guilty in the college admissions scandal. she said nothing to reporters outside the court house in boston. the tv star broke down and at times struggled to speak as she admitted paying $15,000 for someone to correct answers on her daughter's college entrance exam. prosecutors are requesting that she spend four months behind bars. >> felicity huffman is like many white collar defendants in trouble for the first time. she's trying to cooperate with the government, get the lowest sentence possible and just move

in the u.s., the biggest brands that are hit our manufacturers like boeing, caterpillar, big exporters. chipmakers, those who stand to lose from new caps on their products. china cannot compete with u.s. dollar for dollar. they import far less than the u.s. does. they can't match the dollar for dollar on these imports. part of trumps advantage is he believes he can put more tariffs on imports than china can put on american imports. china can target important sectors. part of the u.s. economy, agriculture, as of the 5% tariffs on soybeans, for example. now natural gas, both of those areas are agricultural. these are trump traditional basis. he will hear a lot more about their pain from them. phil: to the rest of us, this sounds like a trade war. is it? steven: it's hard to define. steven:at the center of this is still a goal. a trade agreement. there is so much postuturing tht goes on. as they raise tariffs, the rest of the world is affected. when trade flows get diverted, they may be done in europe. they may be dumped in southeast asia. they may raise their own trade barriers. that's when you see a trade war. everyone says no more an hour area. we have

u.s. production growing. when oil demand is softening, the demand growth is not that robust. we project this year cause meant to be below one million barrels. all in all, the market is going to be continuing to see opec management and the requirement for opec management. that will be a tough job. have the latest news breaking out of occidental saying that they have delivered a revised this company.y they are offering to pay $76 per share. they will pay the breakup feel from anadarko in order to win this bidding war against chevron . how important is this deal for them? important is the premium base for all of these producers? johannes: it really has unlocked a lot of supply. the deal we are seeing right now that prices where they are right now, the big oil prices have enough ammunition in order to go for not only investing in a string but investing in takeovers and paying a premium to get that done. all of that is showing you that the market is very profitable. oil business is good. you can see that down the

u.s. products it could raise tariffs on u.s. car imports and things like whiskey and beef which are all you know important purchases although mainly by the middle class in not by most ordinary people so yes china is now weighing up all these options but i don't think i don't sense that you know what trump did on friday came as a great surprise to president xi jinping because if it's true that china has gone back on some of the commitments that it made then that is possibly the result of you know direction from president xi jinping. you may have felt that during the past few weeks his negotiators had been giving too much away and of course this is the one year when you know a chinese leader cannot afford to appear weak because the communist party is 100 years old and in october china marks the 70th anniversary of the founding of the people's republic a year when a chinese leader really does have to appear strong at this point lead over a sensitive issue like trade with the united states was going to say despite the fact that dona

u.s. products of agriculture products which are a cause for a larger part of the u.s. trade with china and a lot of u.s. farmers a church depend on china's a market and also china the chinese side may take measures against imports. in terms of its automobile. the parts that is also a big part of u.s. trade are with china we know all know that the chinese export to the u.s. is a much bigger now u.s. export to china in terms of the sheer trade volume and china of course cannot. match. the u.s. higher tariff chinese. goods hiver china is china is a huge market for us for united states not only in terms of goods but also goods and export of higher technology you saw also china has a growing market for you had that is a huge kind of leverage and saw a lot of the u.s. businesses are actually very much concerned with a looming to resume trade war a major trade war between the 2 sides let's get more on this we're joined by stan boy resident scholar with the american enterprise institute and he's institute and he's joining us live from washington d.c. very good to have you with

u.s. products including pork beef and that. obviously these continued tariffs on steel and aluminum and our countermeasures i represented significant barriers to moving forward with the new now. now that we've had a full lift on these tariffs we are going to work with you my united states on timing for ratification but we're very optimistic we're going to be able to move forward move forward well in the coming weeks. and has more details from washington it's been a sticking point in the relationship between the united states canada and mexico the president including those countries on his tariff list for steel and aluminum 25 and 10 percent he's now heralding that those tariffs will be removed there's some context here that it all goes back to renegotiate in the north american free trade agreement the president campaigned on this he said it was the worst deal the united states ever made and basically he renegotiated it now there's not many huge changes but still he needs to be able to tell his base before the election that he k

u.s. products. beijing retaliated with duties on $110000000000.00 worth of american imports on friday more than double tariffs on $200000000000.00 of chinese kids trumpets also indicated he may impose new tariffs on chinese imports worth an additional $325000000000.00 entertaining as a political analyst and invites its chinese government on economic and development issues he joins us live from beijing thank you so much for joining us so. 3 week delay it's june 1st is when china says this next set kicks in why the delay what is the significance of that well it gives a cooling off period for both sides to kind of assess what the position is i think donald trump was expecting a more muted response from china china is signaling very clearly that they see a lot of the issues are right up in the goetia oceans as principles not face and that this is something that goes to their sovereignity they do not look like they're going to back down from that position tell talk a little more about what you're saying

u.s. products of agriculture products which account for a larger part of the u.s. trade with china and a lot of u.s. farmers accurately paired our chinese market and also chinese the chinese side may take measures against imports. in terms of its automobile and the part that is also a big part of u.s. trade or with china we know all know that the chinese export to the u.s. is much bigger than u.s. exports to china in terms of sheer trade volume and china of course cannot. match. the u.s. hired her for chinese. goods hiver china is china is a huge market for us for united states not only in terms of goods but also a good and export of technology so also china has a growing market for us that is a huge kind of leverage and saw a lot of the u.s. businesses are actually very much concerned with a looming you resume trade war a major trade war between the 2 sides. the united states has imposed sanctions on 2 shipping companies involved in trade with venezuela the u.s. treasury department says the restrictions are in direct response to the arrest of a senior opposition p

u.s. the biggest brands that are hit are you know manufacturers like boeing like caterpillar big exporters chip makers those who stand to lose from new tariffs on their products and i think here is china can't really compete with us dollar for dollar they import far less than the u.s. does so they can't match the. dollar for dollar these imports of course is part of the problem as far as donald trump is concerned exe well that's part of his advantage that's part of his advantage he believes that he can put more tariffs on imports than china can put on american imports however china can target very important sectors of the u.s. economy u.s. economy for example agriculture already have 25 percent tariffs on soybeans for example and now liquefied natural gas that's texas to southwest both those area agriculture and look for natural gas is a sort of trump traditional basis so he's going to be hearing a lot more about their pain from them for example to the rest of us this sounds like a trade war is it right it's sort of hard to define i mean remember that the center of this is still a goal a trade agreement between the 2 nations and that there is so much posturin

u.s. products of agricultural products which come for a larger part of the u.s. trade with china and a lot of u.s. farmers at the pentagon china is a market also china is the chinese side may take measures against imports. in terms of its automobile the parts that is also a big part of us trade away of china when all know that the chinese export to the u.s. is a much bigger than us export to china in terms of the sheer trade a volume and china of course cannot. match. the u.s. hired her for good chinese. goods hiver china is china is a huge market for us for united states not only in terms of goods but also a goods and export of higher technology so also china has a growing market for us that is a huge kind of leverage and so a lot of the u.s. business are actually very much concerned with a looming to resume trade war a major trade war between the two sides. in other world news a saudi ship which was due to load weapons in france has sailed without its congo heman rights protesters say the shipment contravened an international arms treaty a recent online investi

u.s. products being imported in china. >>> a presidential candidate from indiana, known as mayor pete, was here for a fundraiser. >> reporter: the regency ballroom, pete buttigieg spoke to us a little while ago. >> the stakes on everything, responding to the changes in society, economy, politics, making sure that we treat climate security like the national emergency it is, one of the reasons our message is resonating, is it makes as much sense here in the bay area as it does in iowa, and we want to make sure we have a presence here. >> reporter: one of three stops in california, to get prices here started at $25 and went all the way up to $1000. in san francisco, kpix 5. >>> wanted for murder, a suspect on the run, firing out a car window, how this pursuit played out. >>> a second grade bay area teacher with cancer, forced to pay for her own substitute, it turns out that is the wall. -- the law.>>> a >>> a wild chase and shootout near los angeles, tracking down a murder suspect, it ended in a hail of bullets. >> he is shooting out the window. >> reporter: from the sky and the street. >> oh

u.s. products from trading pork and then atika hand has more from washington d.c. .it's been a sticking point in the relationship between the united states canada and mexico the president including those countries on his tariff list for steel and aluminum 25 and 10 percent he's now heralding that those tariffs will be removed there's some context here that it all goes back to renegotiate in the north american free trade agreement the president campaigned on this he said it was the worst deal the united states ever made and basically he renegotiated it now there's not many huge changes but still he needs to be able to tell his base before the election that he kept his promise it is facing stiff opposition in congress at a very influential senator chuck grassley of the state of iowa had said he would not put that for a vote that he wouldn't get a vote on this new nafta deal until he got rid of the steel and aluminum tariffs so the president's people been pushing on capitol hill they want to see a vote on this new trade agreement and now because those tariffs have been

u.s. products of agriculture products which are a cause for a larger part of the u.s. trade with china and a lot of the u.s. farmers it paired are chinese and market and also chinese. the chinese side may take measures against imports. in terms of its automobile and the parts that is also a big part of u.s. trade or with china we know all know that the chinese export to the u.s. is a much bigger the u.s. export to china in terms of sheer trade volume and china of course cannot. match. the u.s. higher tariff against chinese. goods hiver china is china is a huge market for us for united states not only in terms of goods but also a good and export of technology. also china has a growing. market for you had that is a huge kind of leverage and saw a lot of the u.s. businesses are actually very much concerned with. resume trade war a major trade war between the two sides well the chinese former president of interpol has been formally charged and will face trial for corruption in tianjin hong why who became interpol's chief in twenty sixteen disappeared in september while on

u.s. products remember this is a over $350000000000.00 a year market where u.s. companies are selling in china and that that would have disastrous consequences for american businesses especially on the profit lines. kathlyn politicians have been briefly released from prison to pick up the parliamentary credentials the temporary release comes ahead of the parliament opening session on tuesday old 5 of facing charges over their involvement in the 27000 cattle and independence referendum. politicians from europe's mainstream policies are calling on bosis to stand against the far right set of the european parliamentary elections among them is the french president emmanuel macro he's met with the european council president to discuss the vote which starts on thursday from my home was broken with tradition and joined the campaign trail. south africa's former president jacob zuma has appeared in court to get corruption charges against him thrown out the charges go back to the late 1990 s. when zuma is alleged to have received payments from a french company for a warship

u.s. products it will target and how will that hurt u.s. companies selling those products in china? >> well, the chinese have already raised tariffs on most of the products that we ship to them that we sell to them, about a little over $100 billion a year. what they could do is they could increase the percentage of the tariffs. so most of the tariffs are now at 10%. they could raise them to 25, they could go even higher to 35%. they could make life difficult for a lot of american companies. the most obvious would be -- the most visible would be apple. so apple produces a lot of iphones in china, they could make life very difficult for them and other american companies. you know, they could manage their currency, the r & b, they could allow the r & b to fall in value vis-a-vis the dollar and that would offset the tariffs on them. i suspect if the president keeps pushing her they will do them. >> mark, let me read you from page 496 of the president's own, as jim stated at the top, the president's own economic report, the economic report of the president talking about the tariffs. offs

u.s. companies products so just something that we continue to monitor closely. the good news for ale up until recently though is that they have been able to get investors to focus more attention on their services business and that has been a really good story but again, china remains the big risk for ale and it apple and monitoring it closely. >> and chris, button it up for us how do you assess the risk for the semi conduct tore space overall if this trade stuff continues to head south? how big is the risk, how much down side from here? >> yeah, and we wrote that note as soon as this came out last week it seems as there is at least a 10% impact for corvo on the down side from huawei and as we sum it up for the overall industry, we're probably talking at least $10 billion worst of u.s. semiconductors that will be affected here going into huawei. >> so sounds perhaps manageable, but not a negligible amount of money. thanks >>> cnbc's healthy returns conference is today. and just breaking this morning, google's health care making deals with some of those companies.

u.s. products including pork beef and batten well those are the headlines the news continues here after peace and war stay with us. ching ching some of them used to be with. you put a muesli is composed mostly of she. was supposed to shoot a new kind of. plates each of which i'm going to mean here voice i'm still to you know it's the room show me more to the piece. this is the muslim solution cookie going to cease consider with this to. you. shouldn't miss the little. boy you meet it goes into the soul in the slum and yet i see. that. they much. poisonings cross to war us cyber and financial interference in the u.s. and european elections support of syrian president assad. this is the view from all sides russia which scandalized this international opinion but from visiting russia these are mia details all so much more frightening domestic and international scenarios in the hills of europe and i want to explore what influential russians feel about this. international perception of russia and what the consequences of this could make. russians especially in the capital moscow have adopted the eu

u.s. products including the. obviously these continued tariffs on steel and aluminum and our countermeasures represented significant barriers to moving forward with the do now. now that we've had a full lift on these tariffs we are going to work with you my united states on timing for ratification but we're very optimistic we're going to be able to move forward move forward well in the coming weeks now from our correspondent in washington patty culhane it's been a sticking point in the relationship between the united states canada and mexico the president including those countries on his tariff list for steel and aluminum 25 and 10 percent he's now heralding that those tariffs will be removed there's some context here that it all goes back to renegotiate in the north american free trade agreement the president campaigned on this he said it was the worst deal the united states ever made and basically he renegotiated it now there's not many huge changes but still he needs to be able to tell his base before the elec

u.s. products including pork beef and bourbon. obviously these continued tariffs on steel and aluminum and our countermeasures i represented significant barriers to moving forward with the new nafta agreement now that we've had a full lift on these tariffs we are going to work with b.m.i. united states on timing for ratification but we're very optimistic we're going to be able to move forward move forward well in the coming weeks. to come hear it out there including the huge fishing community and beneath that struggling to hold on to its heritage. for i'd say rob and amber are not see what politicians are the final stage is the the 7 phase that really is general election where the they were the leaders of other big issues will tell you more later on the price of the. hollow we've got warnings in force across central parts of the u.s. for some severe weather bring up as we go on into the weekend lots of clouds showing up on the satellite picture from the appalachians moving across the plains right up into the mountain states will s

u.s. products remember this is a over $350000000000.00 a year market where u.s. companies are selling in china and that that would have disastrous consequences for american businesses especially on the profit lines i'm afraid is chief technology correspondent axios and says there's no doubt alphabets new will affect weiwei outside of its chinese face. if this stands i mean it's a pretty big blow i think they would be relegated to a bit later in most countries other than china and china they're probably ok where i don't think there is the same demand there alternatives as for stores chinese consumers or a lion or will services but everywhere else i think it would severely desert what has been having a really fast growing business while we not that long ago was not a major player on the global smartphone c and as you mentioned is now the 2nd biggest phone maker after sense i mean it's a very complicated it's hard it really depends on where you sit and who you believe so i think the questions about you know the security risks of why wait now we're here you know are

u.s. products remember this is a over $350000000000.00 a year market where u.s. companies are selling in china and that that would have disastrous consequences for american businesses especially on the profit lines. south africa's former president jacob zuma is in court hoping the judge will throw out corruption charges against him and his accused of fraud money laundering and racketeering some of those charges relate to a controversial arms deal exposed while he was deputy president this is a hearing going on right now prosecutors say that received money to cover up illegal purchases of come back here for the south african may be minimal or is at the high cordon. thank you so much for me to so this particular hearing this is unusual in the sense that zuma has been linked to corruption but this is the 1st time it's actually gotten to a trial. and that's exactly right if we look back to when jacob zuma resigned as president and last year there was off to a number of allegations around corruption specifically linked to what south africans are calling a state captur

u.s. products remember this is a over $350000000000.00 a year market where u.s. companies are selling in china and that that would have disastrous consequences for american businesses especially on the profit lines of south africa's former president jacob zuma has appeared in court hoping that judges will throw out corruption charges against him zuma is accused of food money laundering and reckon tearing some of those charges relate to a controversial expose when he was the deputy president prosecutors say he received money to cover up an eagle purchases of combat equipment for the south african navy i mean it was outside the court in pietermaritzburg. jacob zuma supporters have been waiting patiently won't take to hear from the former president he's expected to address the people here only time from now on and that's off to a court proceeding say pietermaritzburg wrap up on the 1st day of arguments where zuma story is arguing that she didn't stand trial this is for a number of reasons one of them is that jacob zuma was charged more than a ticket ago and even tho

u.s. products remember this is a over $350000000000.00 a year market where u.s. companies are selling in china and that that would have disastrous consequences for american businesses especially on the profit lines to ukraine where the new president is used his swearing in ceremony to dissolve parliament triggering a snap election the comedian turned politician is also has also said his 1st priority is to reach a cease fire deal with pro russian separatists. and even the early months ago seemed unthinkable to the comedian and actor. as president of ukraine a legitimate selenski. with all the neighbors than them agreeing zelinsky has become president before he's character in a popular t.v. series servant of the people is a schoolteacher whose improbable rise to the presidency is built on a campaign against corruption zelinsky his own rise now taking up the role for real was built not on clear policies but on public distrust in fact little is known about his policies instead ukraine is taking a chance on a man with no political experience rejecting a political clas