they consider zte to be a national security concern, so zte to be a national security concern, so thisny time soon. not only national concern, but 4.7 billion dollars is still a small amount to pay. well, it isa still a small amount to pay. well, it is a battle royale in the media industry. both 21st century fox and the us cable network comcast have raised their bids for the european broadcaster sky. what exactly are they after? here is our business editor. so why does everyone want to get their hands on sky? well, basically there is a global arms race going on in the media world, both for content, so you are seeing a merger between disney and 21st century fox in the pipeline, and also for distribution, because as the new pretenders, people like netflix, begin to nibble away at the distribution or home turf in places like the us, some of the established names need to get more global and get more global distribution quickly. and in sky you have the number european pay tv provider, with subscribers in germany, the uk, italy, austria, ireland, spain, basically on a plate in one go. you ge

jessica: zte has been handed a lifeline.owed to resume business in the u.s., at least temporarily. we are being told it can operate now into the beginning of august. that as washington weighs in on dropping a seven-year ban on chinese tech companies. shares in hong kong also jumped. micron technology says it won't comment on a chinese court ruling that are rarely bans -- that temporarily bans sales. patent, cutting the u.s. off from the biggest semiconductor market. and its tradec partner, claiming they stole trade secrets. india refuses to overturn the rbi -- judges crypto could not be treated as currency under current law, and says coins must be made of metal in an existing physical form and be stamped by the government. england will face sweden in the world cup finals after eliminating colombia in penalties. it's england's first knockout win in a world cup for 20 years. the swedes advance by beating switzerland 1-0, making it the best world cup since 1994. global news 24 hours a day on air and on tictoc on twitter, powere

i disagree with him on zte. but on the broader china issue, no administration, republican or democrat, frankly, has been stronger or tougher on the chinese than this administration. and that's been long overdue. we've allowed them to get away with it for far too long. >> that's a good point. the u.s. has been weak in dealing with the chinese copyright infringement and all of that. have you raised the issue specifically of zte with the president? >> i did. we spoke about it may be two months ago. we just have a difference of opinion, with is normal and life and in american politics. he viewed it as, you know, one way, and kind of focused on it from a sanctions perspective. and he pointed to the fact that, you know, the previous administration did nothing about zte sanctions violations and he did. and he's right about that. and i tried to explain it as it's more than just sanctions. we have a different view on it. and that happens. but that's different from the broader approach to china, which i generally agree wi

and despite the ban, the outback for zte does not appear

let's go to asia now where chinese telecoms giant zte reports earnings later.administration banned us firms from trading as punishment for breaking sanctions on iran and north korea. sharanjit leyl is looking at this for us in singapore. is there any evidence that this armed them in their results? plenty of evidence. no surprise that a lot of evidence. no surprise that a lot of the analysts polled are expecting losses. their sales are expected to ta ke losses. their sales are expected to take a big dive from last year. and this is all as the firm assesses the damage from the band which a sense early supperfrom damage from the band which a sense early supper from doing damage from the band which a sense early supperfrom doing business with us companies and forced to two halt its operations. —— forested to hold. and that is thanks to donald trump. —— forced it to halt its operations. and despite the ban, the outback for zte does not appear great, either, because hours ago, the us house of representatives passed a defence authorisation bill that really aims to rei

we are looking more closely at zte's business.rters found zte is struggling to get all of its employees back into the factories to restart operations because they are out in the countryside. zte is not known for paying the highest wages in the industry. they are reluctant to come back in case there are other problems, in case things don't start as smoothly. on the other side, for customers, it's another big challenge. telecom systems are not like smartphone systems that you buy once and you don't worry about for a while. they are years long projects. if you decide to hire zte to build your telecom network, you want to make sure they have access to the best technology for a long. -- long. -- long period of time. there is a risk they will not get people that they actually need. emily: all right. bloomberg's peter elstrom for us in new york. thanks for breaking it down. coming up next, your robot ride is here, sort of. we will take a ride in a robot taxi. this is bloomberg. ♪ blue origin completed the ninth flight of its new rocket o

but zte be back in the united states?older in zte you will be hoping that it is the final chapter. they one zte to pay $400 million into this kind of account, like a deposit or holding account. if they were to violate the terms of the agreement, the us could draw on this, and then the us commerce department will order the ban to be lifted. as you say, shares surged on the news. on the hong kong stock exchange, they were up about 24% at one point, and on the shenzhen stock exchange the most they can do is 10% and they reached that limit. this is one of the last issues to be resolved. they have paid the $1 billion fine and they haven't prevented the compliance team and change the management. and this is the last thing, putting money in the holding account. critics in the us from both sides say this does not resolve the issue of national—security. they say they violate issues of nationals to be to put ina violate issues of nationals to be to put in a statement the us commerce department said it was the toughest penalty and s

all right, katie, thank you for the latest on zte. financial markets, in asia,japan and let's look at the financial markets, in asia, japan and hong kong falling again, it has been a theme throughout this week, and it follows losses overnight on wall street, you can see the dowjones down by 0.5%, the same old issues dogging investors, concerned about the trade war, tariffs on some chinese goods taking affect on friday of this week. quite a terms of volumes, wall street is not opening today for the independence day holiday, so muted trade ahead of that. let's look at europe, london is down by a third, elsewhere companies coming through with earnings which have not been exciting, sainsbury‘s is one in the uk, for example, sales not very exciting at all at the supermarket chain. we will talk you through that, but let's return to trade. investors are watching this extremely closely. trade is top of the agenda in europe and the us. dutch prime minister mark rutte was in washington and had some straight talk for president trump during a pre

>> zte.m saying here is president trump was the one who is cracking down on this and what i say is it's going to be three strikes you're out. what this administration has done -- lou: seven years of violating sanctions and there will be no consequence, it's a big deal and i understand you would want to spend those the way you have but that doesn't go to the issue of the political resistance that is building on capitol hill to stop the president from giving him a pass. >> i understand zte is receiving one of the largest in history changing the management structure. it's not like zte is not being punished but i can assure you lou one more step over the line and that will be the end of zte. lou: but you said three strikes and i'm thinking of go no not three strikes. >> like i said heavy fines changing management oversight committee and -- lou: can i say if i may? i'm a simple guy. the chinese are stealing $600 million a year in intellectual property and zte gets how much was that find? $1.1 bill

it is a big dealfor zte.rump administration's steel and aluminium levies have come into effect. it slapped a 25% tariff on various us metals products. on top of that, levies of 10% have also been imposed on more than 250 us goods like beer kegs, whiskey and orange juice. (tx 00v) "the european union is possibly as bad as china, "the european union is possibly as bad as china, only smaller," us president donald trump said in an interview broadcast sunday. trump went on to say, "they send a mercedes in, we can't send our cars in. look what they do to our farmers. they don't want our farm products. we don't protect ours and they protect theirs". let's show you the financial markets before we move on. that figure was friday's close. we are seeing some losses in japan. friday's close. we are seeing some losses injapan. we have a weaker euro because of the concerns in germany, the political concerns but south korean shares and australian shares all headed lower as well including a stock in china. andy murray has sa

congress decides they will impose more penalties on zte.s the risk they will like it the claimant they actually need. emily: thanks for breaking it down. coming up next, your robot ride is here. the zooks taxin next. this is bloomberg. ♪ emily: the ninth flight of its project, working toward flying humans to space for the first time. the booster and spacecraft blasted off the launch site in texas shortly after 11:00 a.m. eastern and then performed a tot designed to prepare ferry passengers to safety in case of emergency. ks is standing up by building and a taunus the equal from the ground up -- building an autonomous vehicle from the ground up. working to make their cars the goto rideshare of the future. >> we all make poor choices. take these two guys. they are the founding's of zooks -- they are the founders of zooks and they want to compete against this. zooks is different. its rivals are adding self driving technology to existing cars. zooks is making a new type of vehicle for that self driving age. it's making a robot. it's early incar

and that's what makes the zte case that you mentioned so striking. it's a real national security case. he's gone the other way. and because of the other extraordinary feature of trump's presidency, that is, he continues to make money as president with his businesses although he's not managing them, overseas. and so the chinese government's lending $500 million to a trump project in indonesia. dozens of trademarks have been granted to donald trump and ivanka trump business initiatives in china. is that why he's supporting zte? it's difficult to figure that out. nobody really knows the answer. but it's certainly something that goes didiametrically against the national security interests of the united states when he is erroneously citing them in other areas. >> if the zblsh neera, i want to -- >> go ahead. >> i just want to get your political reaction to democrats on the senate floor like sherrod brown, also chuck schumer, sporting the president in what is clearly an illegal use of the national security loophole in trade law and supporting president tru

from using a government subsidy to buy and zte.m huawei zte said it would not be lawful and it would be rural communities in the u.s. impact, saying telecom makers are reliant upon its equipment, which they say is cheaper and of quality to provide that equipment that is needed to wi-fi and the to rest of it in rural communities. there are increasing concerns around the national security risks, as some lawmakers see it in the u.s. when it comes to these chinese companies, but huawei pushing back and the sec mulling where it goes from here, but it is a proposal to ban the sales using this federal subsidy. david: thank you. tom mackenzie life out of beijing. breaking news out of malaysia, najib charged as part of these 1mdb investigations. court.live in facing charges connected to them missing billions at the 1mdb investment fund. joining us live to tell us more about the developing story, our reporter is joining us now. what else can you tell us here? >> it has been a stunning jib, who was na premier just two months ago. he has been

to be inhey expect zte compliance with its demand. they sat the ceo last week and installed a new chairman. the next step is putting $400 million in escrow fund. that was part of the demand by the trump administration in back into the zte u.s. market. there's still some movement afoot in congress to block this, but that is rapidly losing steam. haidi: as you said, this is just a temporary respite. the company is not entirely out of the woods, is it? no, it is not. they still had to come into compliance with the demands of the administration, but, again, there's this effort by lawmakers, a few lawmakers to reimpose the van it was forinally put on zte violating sanctions. that, however, is looking increasingly like it's going to fall by the wayside. may be restricted from doing business with the u.s. defense department and the u.s. government, but they still would areaccess to u.s. suppliers some of the equipment and components they need to continue doing business. ramy: members of congress are looking at the sprint-t-mobile merger, put

had slapped the ban on zte.part of the demand last week, the ousted the chairman of the board, and they are moving toward august 1 when presumably the trump administration will decide yea or nay, that zte can continue doing business with the u.s. companies. >> as the door open for zte? it is closing for micron in china. how unusual is this for a chinese court today? >> umc and micron were involved in a big intellectual-property battle, there was a lawsuit filed against them in china and the won a preliminary injunction blocking the sale of certain chips and mainland china for micron. this is a fairly big deal. about half of micron's sales come from china. micron will likely launch some sort of protest, and settle the dispute with umc. it is a little bit of turbulence in the short-term all everyone scrambles to figure out with the scope of this injunction is. >> the federal reserve is due to publish minutes from its june 13 policy meeting where officials raised the benchmark rate by a quarter-point point for a se

zte, this is an electronics maker. the impact for them, is the u.s. going to ban zte equipment?a long-running grudge for them allegedly selling technology to countries like iran and north korea, then lying about it. another company wants to buy a chipmaker and has to get approved in china. china is holding up approval. selina: micron as well, also getting hit. zte recently got approval to resume activities in the u.s. this was seen as a bargaining chip of sorts. what is going on here? david: i think, when trump banned exports of u.s. components to zte a month or so ago, i think it was sort of a strategic negotiating ploy. it was ostensibly in order to punish them for having traded with iran in violation of the embargo. i think the point of it from trump's perspective was to demonstrate to china how devastating it could be if the u.s. cut off the flow of key technologies to chinese companies which, like in this case, our national champions. zte beginning to shut down immediately same that significant. that has been modestly soft and they are back to shipping things back into the

came to with zte following the decision by president trump to overturn this deal, this block on zte for on buying u.s. tech and semiconductors in particular. we're getting closer now to zte being back to full operation. they will then be able to buy most of those components from the u.s. side. ♪ scarlet: the justice department appealing the at&t-time warner merger decision. a washington judge had blocked the bid to block the deal. was this expected? it seems like this was done. >> it is absolutely not expected, this is a huge surprise. the justice department were not only blocked in their pursuit of trying to start at&t from getting a deal with time warner, but they were really smacked down by a judge who said they should never have run the case in the first place, in said he would be very opposed to them doing any appeal. i think this is a huge surprise. if this happens and they are successful, you would see this huge, huge deal be unwound, which would be almost without precedent. >> deputy attorney general rod rosenstein announcing the indictment of 12 russian spies for the hacking of

technology is waway and zte. here's what tech crunch said about zte just a couple months ago. quote, to get a sense of just how egregious zte's behavior truly is, we need only to consult pacer, the national index of federal court cases, a search of pacer reveals that in the u.s. alone, zte has been sued for patent infringement in astonishing 126 times just in the last five years. they go on to give other examples of how zte in collaboration with the government of china has engaged in wholesale theft of u.s. technology. which is why there was bipartisan support here in april when secretary ross and the department of commerce imposed the denial order on zte. and i was astonished when we let them off the hook. and i want to know why we let them off the hook. here's what president trump tweeted out. he said, quote, too many jobs in china lost. commerce department has been instructed to get it done. and then he ordered the department of commerce to reverse the denial order on zte. one example of where we actually hit them where it hurts as opposed to them hitting us where it hurts,

shares in chinese telecoms equipment maker zte surged more than 25% in hong kong. the company had been banned by washington from receiving american supplies after it was found to have done business with iran and north korea. to escape these sanctions, it's agreed to a fine of at least $1 billion and to replace its board of directors, and also to retain outside monitors. govia thameslink railway has launched its third new timetable in two months after two chaotic attempts to rebuild its schedules, which started in may. however, it does not seem to have been much more successful. it apologised in a tweet this morning, saying, "many customers have been affected by disruption to our services "and we are very sorry for that". and national savings and investments is cutting the interest rate it pays on its direct individual savings account. from the 24th of september, the rate will be reduced on its direct isa from 1.00% to 0.75%.

zte shares rose as much as 9—percent during trade in hong kong.d a propulsion system for a flying taxi, which it hopes could take to the skies as early as next decade. the firm is looking for companies to partner with. the electric vehicle would carry four to five people, travelling at up to 400 kilometres per hour. it sounds like a hollywood movie, catching a flying taxi. let's look at the financial markets. japan is a shut today. a one—day break. this is how things are in hong kong, the night before in the us. oil has been falling and a lot of talk about pressure on oil because talk of more production and oil coming into the financial market from the likes of opec financial market from the likes of 0pec and others. i will see you soon. the rail operator govia thameslink is introducing its third new timetable in two months. passengers on the company's lines, which include southern, thameslink and great northern, have suffered severe disruption after an overhaul of the schedule in may. 0ther rail companies cancelled services on sunday, blaming sta

allei, zte, china mobile, seen as security risks. not to mention the qualcomm deal, still up in the air. where does micron fit into this? ian: it's still right in the middle of this, unfortunately for micron and its investors. micron is not only embroiled in this particular case, but it's also the subject of an investigation by chinese antitrust regulators. they rated it -- raided its offices. they raided its competitors. what we think they are looking at there is price fluctuations. china is a huge market for memory, does not make any memory chips itself, and it does not like the fact that we have these shiny -- giant imports coming in at a huge expense. these companies are doing very well, making a lot of money, and china now wants to have a look at that. selina: against this is the backdrop that china wants to build their homegrown semiconductor industry. how does micron and this whole situation play into that? ian: that's a good point. china is out there saying we are going to spend hundreds of billions of dollars to boost our in

many lawmakers still see zte as a national security threat. some sent a letter to commerce thursday seeking to reinstate penalties on zte. >>> now to an abc news exclusive. former alaska governor and vice presidential candidate sarah palin taking on comedian sasha baron cohen. she claims he pretended to be a disabled veteran to dupe her into doing an interview for his upcoming series on showtime called "who is america." palin said she walked out of the interview with a man she believed was cohen heavily disguised as a disabled palin spoke about the encounter on "good morning america." >> it just got worse and worse and worse as the minutes went on in this bizarre, really embarrassing, humiliating interview that, you know, it mocked middle class americans. it mocked our values. it mocked the disabled. >> dick cheney, joe arpaio, ted koppel and now former senate candidate roy moore all believe they were duped as well. moore is threatening legal action. abc news has made multiple attempts to get an official response from sasha baron cohen and sho

zte shares spiked. >> no country in the world spies on us more than china does.ld steals intellectual property from us more than china does, and they use their telecommunication companies to do it. it makes no sense to me but we got played again. >> so the defense bill won't reinstate sanctions. it does prohibit government agencies and contractors from buying the technology from zte. the measure is expected to pass. >>> let's get a check on the weather with nbc meteorologist bill karins. bill, some lingering rain in the mid atlantic and flooding as well. >> yeah, it is downpours once again this morning, all surrounding washington, d.c. at this hour. earlier i showed you pictures of pennsylvania. this is flooding that happened in colorado yesterday. we have a chance of some thunderstorms in colorado, also in wyoming where we could get some -- hopefully no scenes like this, but we could get the possibility of some isolated severe storms. look at that car dangling. let's get to the problems in the mid atlantic. here's washington, d.c., here is baltimore. all of the

stocks we are watching, zte shares open here 25% in hong kong.he future of the company still in doubt.y is u.s. lawmakers are pushing for penalties to be reinstated. china as well. this is after the worse slump in a decade. be the first itsign car maker to control chinese zj. here, first half profit to double. goldman sachs saying they may least 60% in the next .ear target 19 hong kong dollars. foraad: thank you very much that. chinese shares entering a bare mark. it.ave a chart that shows this is bloomberg for the shanghai composure. buying strength against selling strength. well above the levels of the previous chart. this is 2015 for instance. offan see how much better we are. scared.re not that tariffs.ore clarity on >> in the short term, concern about trade tensions and wait on investment sentiment. the market will start to refocus on the fundamental driver. at price the strategic and long term investor are now investment opportunities especially for and sector which receiving from the u.s. trade tariffs. the china market that thects -- we l

looks like zte is doing everything they can. results in washington right now. >> president pushing to allow zte to go forward. getting to work as pointed out a strategy to deal with the intellectual fast that china does intellectual property theft. we are not seen with a consistent voice. the administration saying one thing in congress saying something else in the the chinese see this and they don't know how to react or they have a d. in this attitude might be to go with the president. >> is it still the defense authorization bill, the measures on zte. that's another potential showdown. the defense authorization bill over this. dagen: the president has said she should has said xi jinping caught them on the phone and asked him to give cte eber. this was ahead of the north korea summit. we will talk about north korea. but in the united states at risk we've already seen them slack off their enforcement of the sanctions we have a north korea in the valleys not worse to come across the border. again, china, friend or foe of looking a

and what role did this place on the zte? >> thank you, senator. both of those are very important questions. the state department has played and continues to play a role in advising the president on working with our allies to counter china. i previously indicated that in all of my travels, the senior leadership of the state department, whether the deputy secretary, secretary pompeo himself who, as you may know, is on a tour of several countries right now. we have explicitly provided input to the white house and said, we need to work with our allies specifically to counter china. we need their buy-in. because the only way to have success against china is to isolate them. china needs to be clear that it is a threat to the global economic community. and if our allies agree with us, then we can isolate china and force it to change its behavior. under the question regarding zte, the state department did play a role and we advocated the stiffest penalty possible against zte. >> it is hard to partner up with countries who take on china while we are in a t

we are looking at zte as well. tencent's lurch continues lower. zte nearly 0.5% lower as well.also head towards the start of the trading day in a couple minutes. let's have a look at china's banking industry. unloved,ks are although they have been doing recently well. people have shied away from doing investing in the big four. we will see how this plays out and where the prospects are. we are going to be joined by everbright wealth management strategies. we will insert the questions about -- answer questions about chinese banks and the looming equity picture. this is bloomberg. ♪ a.m. in hong kong as we can you down to the start of the china trading day. last trading day of the week. what a week it has been. some of the strongest gains we have seen in months. the longest winning streak since january. let's look at what the major factors in play are. in this neck of the woods, we are looking at the yuan. central-bank policy from the pboc at the forefront. onshore currency heading for its sixth straight week of declines. n thise also one eye o evening's hong kong read on u.s. gd

the pentagon considers that company zte a national security threat.ound guilty in 2016 of repetedly skirting american sanctions on iran and north korea. ♪ in tonight's whatever happened to segment america's space dominance. 4 years ago today, two americans became the first men to land the space craft on the moon. now, a half century later, the u.s. relies on russia, yes, russia, to get its astronauts into space. correspondent kirsten fisher has the report. >> that's one small step for man. >> that small step was supposed to be one giant leap for mankind in a way it was. in the 4 years since neil armstrong became the first man on the moon humanity hasn't stepped any further in space. in some ways the u.s. has taken a step back. american astronauts have been hitching rides on the russian soyuz last seven years. all-american rockets are still at least a year or two away. >> we are anxiously anticipating a return of launching american astronauts on american rockets from american soil. >> all of that is about to change and fast thanks to a new space race.

. >> the trump administration letting zte resume business activity in the u.s.hares of micron technology slumped on word that is chips have been temporarily banned in china. this seems to be the first step in putting zte back into the good graces of the trump administration. but what comes next? >> right now, zte will be able to service contracts they signed on or before april 15, when the u.s. had slapped their ban on them. they are due to pay $400 billion in an escrow account. that was part of the ban last week, the ousted the chairman of the board, and they are moving toward august 1, when presumably, the trump administration will decide yea or nay, that they can continue doing business with the u.s. companies. >> as the door open for them, it is closing for micron in china. >> umc and micron were involved in a big intellectual-property battle, there was a lawsuit filed against them in china and they won a preliminary injunction blocking the sale of certain chips in a minute china from micron. micron will likely launch some sort of protest, and settle the dis

authorities have lifted the ban on american companies selling goods to chinese company zte.t had been caught making false statements violating sanctions on iran.n. they removed this ban after zte paid a penalty. this included a $1 billion penalty to the u.s. treasury in june. they rely on the united states components for their smartphones and what -- networking gear and were fororced to shut down after the battle started in england. the european commission has launched an in-depth road to a proposed merger of siemens and a french company. they agreed to merge real operations in march, and expansion aimed at saving off growing challenges from chinese rivals. the european commissioners worry they might get too big and threaten fair competition in the train supply business. that is all your business for now. back to sarah. sarah: a former bodyguard of osama bin laden is the center of a tussle between the german government and court. first the government deported him to tunisia, then the court ordered him back to germany. the court said it breached fundamental principles of the

haidi: as trump ratchets up trade comments, zte is back in the spotlight. saga rumbles on.awmakers on both democrats and republican side coming together against the white house to push for a tougher line on this as part of ongoing negotiations. trump was the one who decided to effectively reinstate the business after it was frozen out u.s.ying imports from the for seven years. he said he was doing it as a favor to president xi, and he has pushed back strongly against immigrants and republicans, trying to reinstate that ban. it seems according to our sources they will water down the language because they want the defense bill to go forward later this week. that includes amendments to cfius to make it more commendable into the united states. seems to be a payoff they have gone through. we heard from the likes of marco rubio who has been a hawk on these issues, saying it was a concession he was not happy with. positive news for zte, but for those wanting to take a tougher line on chinese tech firms and their access to u.s. technology, possibly not good news. it is a payoff to

that marco rubio put out a tweet, let's not go back and change the situation at zte.on't want to see escalation, i am concerned that may happen though. >> facebook, that stock taking a big dive this morning. do you see implications for highly valued technology stocks, speculative investing in general? it is not the first one to take a dive netflix, growth numbers weren't great. should we read that through to other things or is this a facebook reset on its own? >> i should ask you, jon, you had a great take on this one thing that was most concerning to me were dave wienner's comments about one of the reasons why we're taking down that kind of revenue forecast, users are going in and changing privacy settings, reducing the amount of revenue that facebook can earn from marketing. if consumers are getting smarter about their privacy settings, then that flows through to other companies as well because facebook isn't the only company that makes money marketing off consumers' information. >> this is a remarkable chart today. i think only once in the past four years has a faa

this seems to be the first step in putting zte back into the good graces of the trump administration.at comes >> right now, zte will be able to service contracts the sand on or before april 15, when the slapped there ban o ban on them. as part of the demand last week, the ousted the chairman of the board, and they are moving august 1, when presumably, the trump administration will decide yea ay,, that they can continue doing business with the u.s. companies. >> has the door open -- as the door open for them, it is closing for macron in china -- micron in china. micron were involved in a big intellectual-property battle, there was a lawsuit filed against them in china and the won a preliminary injunction blocking the sale of certain ships in mainland china for -- certain chips in a minute china from micron. n will likely launch some sort of protest, and settle the dispute with umc. it is a bit after bonanza as of a struggle to figure out the scope of the injunction. >> the federal reserve is due to publish minutes, where officials raised the benchmark rate by a quarter-point point for

zte in hong kong was up sharply. cheryl: a former apple engineer caught stealing company secrets. >> this is a wild story, but the former employee was caught at a california airport before boarding a flight to china after allegedly stealing apple secret plans for self driving cars. apple's investigation found he had downloaded confidential technical development of a self-serving prototypes before telling apple he was going to work for a startup. gerri: isil made-for-tv movie. >> you really didn't take long. direct your gone into it and having pictures is working with thailand's media and government to develop a film the day after announcing a movie about the rescue. footage released by the tide may be still shows the rescue from inside the cave. you can see the boys being carried out on structures in dark and muddy conditions. they still are recovering in the hospital. look at that picture. cheryl: they were invited to the world cup on sunday, the final, but they can't go. thank you very much. a lot more coming up it

after a $1 billion penalty, and that they will monitor zte to ensure compliance.know that the company violated u.s. sanctions. to important is it forzte continue business not only for china but also for the u.s. economy, given how much they supply to china? >> it's very important for a couple of reasons, the most important being it was a precondition for china and president xi specifically to ensure that zte remained operational. the administration have to spend a lot of political capital with her republican -- the republican caucus. it was obviously very important to china and important for president trump to enter into a bilateral negotiation. this is a major priority so they can move the on the threats of tariffs which will continue, to a place where they can have a dialogue, which is occurring. shery: when you talk about dialogue, do we know who is leading the conversations on the u.s. side, whether with china or mexico? very focusedico, on what heiser. the president is important to be involved at her principal level, which will happen in a couple of weeks. la

there was some controversy with dealer language on the cte -- zte deal. used that language and removed it in conference. it will not go forward. when it was announced earlier, we heard rumblings that democrats, maybe some republicans who aren't happy with the deal, would come together and block it. that would be very unlikely. we don't expect it to happen. the senate also apparently continuing to work on federal spending legislation next week. what is the status of passing these bills and avoiding the possible government shutdown deadline of september 30? >> mcconnell and chuck schumer tried to put a premium on passing these appropriations bills and avoiding a shutdown, or avoiding another ominous bill that all the funding bills together as they passed. the president threatened to veto before backing down. they are going to pass the second appropriations package next week. that includes funding for interior and agricultural housing, urban development, financial services. after that, they are going to try to move funding for the defense department and fund

one of the key issues in the dispute over zte was that zte when the u.s.wn cut off access to american components. chips and optical components from american suppliers. none available. this will become even more toortant issue for china develop the technology industry. emily: thwhat is happening acros it's such a country across so cities?ferent what's happening in beijing, and hong kong. mentioned, there are more than 100 of these parts. to be clear, there are some reservations even within china about whether this makes sense. see this government activism they are concerned wasted.ll be solar andd this in steel. they ended up in over capacity. try to do is areas.ize in key it is driven by this party rough the mayor and little party second he of that.ail because their goal is to leave that legacy behind to go beyond the school manufacturing that they used to do and really develop new technology a can be'. tech, peterberg elstrom thank you for stopping by. over its dong sued not disturb feature. this feature instrings on its own patent. userso.s. allows iphone to freeze a phone when owne