business with huawei, as the tech giant is due to be hit with a full ban on working with us firms. and we'll be finding out why singapore's aging population is working well into into their 70s. and on the markets, stocks rise in asia as shares are bolstered by hopes of further rate cuts from central banks around the world. president trump says he doesn't want america to be doing business with huawei. this is just as the chinese tech giant is due to be hit with a full ban on working with us firms. so how did we get to this point? in may this year huawei was placed on the us entity list, effectively banning american firms from doing business with huawei because of national security concerns. the move barred us companies, including google, intel and qualcomm, from working with huawei. but a few days later the us temporarily eased some of the restrictions — for instance, allowing google to send through security updates for its android operating system. but this temporary exemption is due to end. there had been reports the us might extend the exemption, but president trump cast doubt on t

protests. plus, deadline extended. commerce secretary wilbur ross says they will ease huawei sanctions for another 90 days. is there an echo in here? amazon wants to put alexa in cars. has foundtter says it and deleted more than 1000 fake accounts created by the chinese government used to undermine the hong kong protestant -- hong kong protests. acebook said it also acted on tip from twitter, finding some fake accounts. they say they will no longer state advertising from act media worldwide. we are joined by a fellow from new america and in washington, brett, who set up the first tax force -- first task force to counter disinformation in the white house. sarah, what exactly do we know? sarah: they are finding these coordinated efforts from china trying to discredit the protesters, calling them violent, saying what they are doing is maybe backed by western resources, just trying to cause tension within the group. emily: twitter says it kicked off 936 accounts. facebook, seven pages, three groups. we have statements from both companies. they said, overall, these accounts were attempting

covering in the next hour. huawei wins a waiver extension in the u.s. but still says it is being treated unfairly. the new reprieve will last for 90 days. baidu's earnings top estimates and holding onto advertising despite a rising challenge. china moves to lower borrowing costs in the slowing economy. the loan prime rate tracks credit of trustworthy customers. shery: we will discuss the crackdown by social media giants and what they called a china backed effort to undermine the protests in hong kong. first, let's get you started with a quick check of how the markets closed the monday session in the u.s. the s&p 500 gaining more than 1% for a second session. every sector in the green, led higher by energy and tech stocks. oil rallying after a drone attack in saudi arabia. that really highlighting middle east tensions in the oil market. the dow gaining 250 points. the nasdaq up 1.4%. more optimism over the trade fund. that is filtering in through the u.s. dollar which was higher throughout the session. taken to another level, the highest this year after the boston chief eric rosen

this is business live from bbc news with tadhg enright and ben bland. judgment day for huawei, as the tech giant faces a full ban on working with firms in the us. live from london, that's our top story on monday 19th of august. later today, washington will decide whether to extend the exisiting ban, but president trump has already made his position clear, he says he "doesn't want america to do business with huawei". also in the programme... more warnings from president trump, this time over the protests in hong kong. he warns beijing trade talks may be jeopardised if they use a heavy hand. here's how european markets are performing so far at the beginning of this new trading week. positive territory across the board. but there are still fears of a recession. we will be looking into what these numbers mean in a few minutes. and getting fit while you travel — it's all part of the growing wellness industry. we'll be talking to one firm cashing in on the trend. and today, we want to know — what do you drink when you're avoiding alcohol? that's our question today as diageo buys int

bbc.com/news. now on bbc news, live to singapore for asia business report. huawei's blast list delay, the us ban on the chinese technology won't come into force for another 90 days —— blacklist delay. and hong kong's social media action. twitter and facebook steak steps to block what they describe as a state backed chinese misinformation campaign. hello, and welcome to business report. i'm sharanjit leyl. we'll begin with huawei. the us has its ban on the company for another 90 days. it originally blacklisted the company in may, citing security concerns. it then granted a temporary permit. that was due to expire on monday. well, everybody's had plenty of notice, there's been discussions with the president and the president has made clear in his announcements yesterday that he is very concerned about more dealings with huawei. mr ross also said another 46 huawei affiliates would be added to the us entity list. huawei said it was opposed to the decision and felt it was politically motivated. earlier i asked brock silvers from a private investment firm why the extension was granted.

emily: welcome back to the "best of bloomberg technology." i am emily chang. huawei continues to face the fallout of the trump administration's attempts to thwart it. and we are beginning to get a picture of what that means. huawei's sales growth dropped in the first half of the year. tom mackenzie sat down for an exclusive interview with the huawei chair on the company's shenzhen campus. they talked about the company's role and how they can survive without google's android operating system. mr. hua: we don't know when the u.s. will make the decision on android, and when that decision will come, so we have to make preparations for our products. we will evaluate our strategy for the overseas market. if we are not able to use android for our new smartphones, we have the ability to develop our own operating system and ecosystem, which would become the basis of our services to the customers. tom: give us a sense how fundamentally you have had to change your supply chain to mitigate these pressures? have you completed those changes, or are there more to be done? mr. hua: the entity li

latest earnings including iphone sales services, and wearables. plus, chinese telecom giant huawei feels the burn of u.s. sanctions. we have an exclusive interview with the chairman in the midst of a sales plunge whose says the company has a plan b. and the cost of being "cool." a former executive testifies the company fired as many as 100,000 workers in recent years in an effort to compete with companies like google and amazon. the latest on multiple age discrimination lawsuits facing big blue. our top story of the week, apple earnings. the tech giant forecasting revenues that topped analyst estimates, seeing a surge in services, which now contribute to a fifth of total sales. apple also reported the iphone represented 48% of revenue, the first time it has made up half of sales in several years. in a way, this is progress towards apple relying less on the flagship product and more on new lines of business. i got reaction from bloomberg businessweek's max chafkin and a portfolio manager, dan morgan, who manages about 240,000 shares of apple stock for his clients. dan: it is an interestin

including iphone sales services, and wearables. plus, chinese telecom giecom git huawei feels the burn of u.s. tensions. we have an exclusive interview with the chairman in the midst of a sales plunge, whose says the company has a plan b. and the cost of being "cool." a former executive testifies the company fired thousands of workers in recent years in an effort to compete with companies like google and amazon. the latest on multiple age discrimination lawsuits facing big blue. our top story of the week, apple earnings. the tech giant forecasting revenues that topped analyst estimates, seeing a surge in services, which now contribute to a fifth of total sales. they also reported the iphone represented 48% of revenue, the first time it has made up half of sales in several years. in a way, this is progress towards apple's less reliance on the flagship product and more on new lines of business. i got reaction from bloomberg businessweek's max chafkin and a portfolio manager, dan morgan, who manages about 240,000 shares apple stock for his clients. dan: it is an interesting report. if you wo

flagship smartphone from the chinese telecoms giant, huawei, the world's second largest maker of smartphones, will not come with popular apps such as googlemaps or youtube. google says because of the us government ban on sales, it cannot licence its apps to the chinese phone company. that means huawei customers will be left without access to some of the world's most popular apps. huawei is preparing to unveil its latest smartphone next month, in germany. let's go now to shanghai and speak to shaun rein, the founder of the market intelligence firm, china market research group. good to talk to you. thank you for your time. they would imagine you area your time. they would imagine you are a huawei customer within china, would you buy a 1—way phone outside china? if i was not living in china are probably would not buy a huawei phone right now. there is too much uncertainty about whether the apps will be available, whether you will be able to download things like youtube. it is clear that president trump is trying to cripple huawei's not only their handset business but the global bu

. to come to the table with concessions for huawei. we know that china wants tariffs listed -- listed on all exports. these are sticking points from both sides. it would be critical to see what kind of movement comes out of these talks in shanghai. >> trade negotiators left early today with neither side feeling like they made much progress after president trump set the stage by accusing the chinese of ripping off the united states. the chinese foreign ministry, after the fact, saying the united states would have to show sincerity and good faith before anything could get done. >> the pressure on both sides to get to a deal and hurry up if you will, is not there anymore. the real priority was running through the issues, seeing where both sides are and deciding on what the path is. the good news is it will talk again and meet in early september. the trade war is on hold. it will keep trundling on for another month at least. >> the fed, we are counting down to a decision, investors looking for the first rate cut in a decade. >> they cut the benchmark of basis points from it ends the 25, b

trump escalates his trade war with china, one company continues to be caught in the middle. huawei has seen a dramatic slowdown in sales growth. shery ahn spoke with huawei's chief officer and asked how huawei is addressing vulnerability in its products. >> we>> we have been actively involved in independent evaluation of our products around the world. most recently, the oversight award in the united kingdom. the carriers, not the core networks which would be the sensitive networks, but the radio access networks. they have identified vulnerabilities in our software. ourthey have brought to attention important lessons we can learn, so we are committed as a global company to spend $2 billion over the next five years to improve our engineering process. to make sure we are more consistent so there won't be as many vulnerabilities that are there. and to make our code more adaptable adaptable for new technologies with artificial intelligence. we think our competitors would value from similar evaluations to make their products more secure as well. >> we are going from a 4g into a 5g world.

suppliers? that is going to be very difficult and it could lead to production issues. on the huawei front, that is a double-edged sword. on one hand, as huawei suffers from challenging demand abroad, that is a place for samsung to come in on the smartphone front, but in terms of their profitable chip business, that could be a big drag if quality is unable to purchase as many components. emily: meantime, samsung has also faced branding issues. they tried to launch a full double phone to much fanfare. they pulled it back, how are issues impacting demand for the samsung phones? selina: as you mentioned, they have had a slew of branding problems and have been seeing declining profits in their mobile division. they also made the decision that -- a statement that smartphone sales will be similar to april and june. it suggests the launches of these new phones may not be successful. but some of the bright spots in samsung earnings, one of them is the display. we saw apple come out with earnings recently that had strong results, stronger demand than it expected, so that is expected to be a bright

competition from huawei and apple? that is next. this is bloomberg. ♪ emily: simpson announced the galaxy note 10. it will come in two sizes, a 6.3 inch model and the note 10 plus, with a choice of 5g. the new phones will be vital in tackling smartphone profitability and increasing competition from apple, huawei, and other chinese vendors. spoke to's mark gurman a representative at the brooklyn sung'sand asked about sam services strategy. caroline: from a services perspective, samsung will leverage the relationship rather than creating their own services. consumers have already met their best as far as content, so leveraging those relationships and making sure that the experience you get on a samsung device is the best experience that you can get. i think it is what they are trying to achieve. think at what they announced at withthe channels apple has samsung tv's, that is an easier play with samsung than not starting with their on content. mark: do you think this upgrade with the bigger screens are enough to really pull people from other ecosystems? whether that is apple devices,

continue to watch. huawei has-- whil offered its first glimpse at software that might someday replace the google android system. skippen-door software will smartphones and instead to find its way into everything from cars, watches, to personal computers by 2020. we are joined by tom giles. google cannot supply the most updated operating system to i isei because huawe blacklisted. is this new operating system any good? tom: we don't know is the short answer. there is so little we know about it. does it work? how reliable is it? huawei has made interesting claims that it is faster, more secure than android, pretty outlandish claims for something that has not been proven and is not widely available. there is so little we know. rolling out a software operating system to millions of phones is not the kind of thing you do overnight. arey: and may be why they skipping phones initially. we know that and that it's called harmony os. tom cole and and they are putting a lot of money into it, getting -- tom: and they are putting a lot of money into it, getting a lot of resources. but they

. administration going back after huawei. again, something that really and always the chinese. they are not talking to each other right now. they are trying to antagonize. that certainly seems to be the case at the moment. is the treasury market pricing the fact that we are seeing these trade war drag on for a very long time? james: i think it absolutely is. i think the big take away from the continued escalation is this idea that there was going to be some neat, whether it was cosmetic or other, victory for the trump administration. that seems further and further down the road. we are pulling back all of the confidence numbers, both at the consumer and corporate level. we are slowing capex, which was actually leading to a nice productivity acceleration in the u.s., which is keeping labor costs down. policy mistake that could have been the fed, we are meeting at the policy mistake that is the fiscal and political side. i think that is going to hit confidence and capex, and i think real economic growth u.s. is going to be under strain just like overseas because of these events that d

huawei relief may have to hold their breath just a little bit longer. >>> then later on in the show, the demonstrations continue in hong kong. we'll tell you what president trump says about them. a very busy hour still ahead when "worldwide exchange" returns after this commercial break. so, every day, we put our latest technology and unrivaled network to work. the united states postal service makes more e-commerce deliveries to homes than anyone else in the country. e-commerce deliveries to homes ♪ think you need to pay prestige prices for better skin results? try olay regenerist. the rich, hydrating cream is formulated with vitamin b3 and peptides to plump skin cells, brighten, and visibly smooth wrinkles. in fact, just 1 jar has the hydrating power of 5 jars of the prestige cream. for visible results without prestige prices, try olay regenerist with a money back guarantee. and complete your routine with the olay eye collection. brand power. helping you buy better. ♪ >>> from tim apple to cook dinner, president trump sitting down with the apple ceo over the weekend talking everythin

asia." paul: our top stories this tuesday, huawei wins a reprieve in the u.s. but says it is being treated unfairly by washington. the waiver extension will run for 90 days. trump demands aggressive easing. we hear exclusively from eric rosengren. china is accused of using social media to undermine the protest in hong kong. twitter and facebook delete a string of fake accounts. shery: how markets closed. it was another day of strong rally with the s&p 500 gaining more than 1%. every sector was in the green. energy amtech led the gains. lead the- and tech gains. a positive sentiment with trade. that was reflected with the u.s. dollar. it rallied to this year's high. gain 250 points. the nasdaq up 1.4%. doing much butt let's see how things will be shaping up in asia. conviction investors will be tested with futures looking at a mixed session. kiwi stops adding .6%. we have the strong dollar to contend with which may put a damper on risk appetite for emerging markets today. we are on tech watch. we have xiaomi's earnings on the lineup after baidu's results came out overnight. onay, we

. >>> and another trade war casualty qualcomm suffering its fate at the hands of huawei. we'll explain why. it's not just them exclusive comments from another chipmaker on how that company has taken the trade warhead on. >>> and yet another big fire at a houston area refinery leaving dozens injured the latest in what has been a string of savage industrial accidents coming up next moving is hard. no kidding. but moving your internet and tv? that's easy. easy?! easy? easy. because now xfinity lets you transfer your service online in just about a minute with a few simple steps. really? really. that was easy. yup. plus, with two-hour appointment windows, it's all on your schedule. awesome. now all you have to do is move...that thing. [ sigh ] introducing an easier way to move with xfinity. it's just another way we're working to make your life simple, easy, awesome. go to xfinity.com/moving to get started. >>> a rainy and quiet day in hong kong. the chinese foreign minister blaming the united states overnight for the increasingly large protests saying it is somehow the work of the united st

national health service, if that is up for grabs, like huawei, national health service, if that is upfor grabs, like huawei, and if huawei is involved in infrastructure in the uk, those kinds of issues. we can compartmentalise things so we can compartmentalise things so we can get some quick wins, as you said. even on something like that, we must challenge it, for instance on the huawei decision. if the united kingdom decides not to have huawei on the 5g network, it would involve ripping them out of the 3g and 4g network, where it is already present. that would cost this country billions of pounds, set this country billions of pounds, set this country back several years in developing its 5g capability, all in order to continue its intelligence sharing relationship with the united states. that might be worth it, but on the other hand if they will be a cost for this country being ready for 5g, who is going to pay for that? we already have it operating in some places, like birmingham. is that using huawei or not? some of it will be, yes. so it is already in existence. yes, so we defin

chinese tech firm — including huawei — comes into effect today. live from london, that's our top story on tuesday the 13th of august. the us is stepping up its stance against china — with the trade war set to get even hotter. are these chinese companies caught in the negotiating crossfire? also in the programme — market meltdown in argentina — the peso tumbles and stock market crashes — after the country's ruling conservative president loses big in primary elections. european markets looking a little like that. we'll tell you what to watch on the markets today. living in the lap of luxury — at least for a little while — we'll get a peak into some of india's biggest and more extravagent hotels and find out why they're doing so well... one think tank recommends raising wages and giving workers more holiday to boost productivity — so, we want to know — what would you prefer? more cash or more time off? just use the hashtag bbcbizlive i'm just thinking both! you can't have both, you've got to choose one! let us know, use the hashtag. hello and welcome to business live

disappointed as its outlook was damped been huawei technologies the qualcomm ceo noted the strong gains they had in the domestic markets but said they should benefit from huawei's shift to 5g by next year >>> intel says it is applying for licenses from the u.s. government that would allow it to sell components to huawei the white house said they will ease restrictions on company that allow it to do business with the chinese tech giant so long as the actions do not infringe on national security. the ceo spoke to arjun kharpal who joins us live from yokohama, japan. >> huawei still on this u.s. blacklist, but u.s. firms are requiring a license. it's important the concern about national security. that's caused some confusionrs a national security risk and what isn't. the ceo said some have asked for licenses let's listen to what he to say if you look at the lion's share of what we ship into china generally but also into huawei, who is a large customer of ours, it's general purpose comput so general purpose product that we ship to all of our other cloud service providers. that general

interviews from this week in tech. wilbur ross says the u.s. will ease sanctions on huawei for another 90 days, but president trump says he is not quite ready for a trade deal. we will have the week in trade tensions. plus, fake out. twitter and facebook say they have proof of fake accounts backed by the chinese government meant to undermine hong kong protests. what the companies say they are doing about it. and peering into palantir. our exclusive conversation with the ceo of one of tech's most secretive companies. alex karp tells us why protesters won't stop them from doing business with the trump administration. but first, the u.s. announced they will extend a limited set of exemptions that have protected rural networks and other customers from doing business with huawei. this comes as the trade war rages on with the u.s. one tech ceo is taking his concerns about the possible tax straight to the top, apple's tim cook, a move that has impressed president trump. pres. trump: he is the one that calls me. that's why he's a great executive. he calls me and others don't. others go out and hi

. 106.42,trading around giving up earlier strength after trump labeled huawei a security concern. goldman, when it comes to the jackson hole symposium, sticking to the long yen position against the dollar, the rupee and the euro. we will see what lawmakers have to say. paul: let's check in on first word news. >> we start with argentina, the country has been downgraded deeper into junk as markets brace for a potential default after the president was soundly beaten in a primary election. the long-term issue rating by three notches to triple see, putting argentina on par with zambia and the congo. congo added -- the a negative outlook. the last seven days have seen the peso fall to a record low. he the u.k., leaked government documents suggest the u.k. will face food, fuel and medicine shortages after a no deal brexit along with job losses and disruption at courts. operation yellow hand warns of restricted supplies of food and interruptions in the supply chain. government ministers to the document was only setting out in the worst case scenario. >> it is the case as everyone exit,if

. companies to continue to do business with huawei. that is right. the feared sinister agent of espionage for the people's republic of china, huawei, we take that up right after the break. stay with us. lou: an iranian oil tanker on its way to greece tonight after being released from gi gibralta. it is bound by european law and turned it over to the iranians, commerce secretary wilbur ross announcing that u.s. companies can do business with huawei for another 90 days, 46 subsidiaries of the technology giant are added to u.s. ban list but rural u.s. companies needed extra time to switch their equipment away from the cheaper huawei products. new deadline is november 19. joining us fred fleitz. fred good to see you, let's start with huawei. again getting an opportunity despite being told by everyone in national security, in this government, that huawei was an agent of espionage for people's liberation army. >> president trump understands that, and he understands what huawei wants to set up a global spy network. the president and his team are trying to figure how to calibrate huawei but the sanct

again. the white house pauses there decision on loosening restrictions on huawei. uber hits the brakes as second-quarter earnings take a turn. oil gains for the first time this week after saudi arabia signals export curbs -- curbs stabilize prices. shery: let's get a quick check on how markets performed. we see u.s. futures under pressure right now, down .3%. we just got the news that the white house has halted temporary licenses to sell to huawei. that is putting pressure on the market, dampening investor sentiment after a strong day on the markets here on thursday. we saw the s&p 500 gain the most in two months. was in the green actually managing to erase the losses we saw earlier in the week. we saw tech and energy leading the gains. the nasdaq up for a third consecutive session, up 2.25 percent. energy was also up in the session as we had oil gained ground. we heard saudi arabia was contacting other producers in order to find a solution to stem declining prices as trade tensions continue between the u.s. and china. we are seeing u.s. futures rapidly declining at the open on the lat

the new line of phones. how will they compete with huawei an apple? that is next. . -- and apple? that is next. this is bloomberg. ♪ samsung's new phones will be vital in increasing competition from apple, huawei, and other chinese vendors. representative. >> from a services perspective, samsung will leverage the relationship and start creating their own services. consumers have already met their best as far as content, so leveraging those relationships and making sure that the experience you get on a samsung device is the best experience that you can get. i think is what they are trying -- it is what they are trying to achieve. channels with samsung tv's is an easier place with n not starting with their on content. reporter: do you think this upgrade with the bigger screens are enough to really pull people from other ecosystems? whether that is apple devices, google's's life on their own pixel phones -- slice on their own pixel phones? would you see buying these new devices? >> the audiences is always the note owners, the current owners. from an enjoyed ecosystem -- android ec

through the crack. demanding that google explain why it had a plan to develop spark speakers with huawei -- smart speakers with huawei. -- i want it huawei smot wa ♪ t, use that. >> slamming google for putting profits over country, chinese government said to be furious that u.s. withdrawn from landmark 1987 missile treaty with russia to ban deployment of ground launched medium range missiles in pacific region, giving u.s. right to deploy closer to china, beijing is pushing back. can u.s. and china cool it, or itrade war giving way to a hot war. buck, what should we tackle first, dealer's choice. >> china trade war is not as big a deal as everyone has been saying, it could gets worse. -- it could get worse. kennedy: not getting better any time soon. >> a few soybeans in the bucket. kennedy: all right liz warren slowdown. >> chinese are not bending on these issues. i think that administration at a point they figured it out. if we want a deal with china, better way to go to break off pieces, can we get a deal on this? we've gone for a comprehensive china trade agreement, that is not going

hespening world, u.s. story and china story. and the huawei situation, iong as this. there is outrage in china over what is happening. there is a very strong belief, not only in china, but many parts of the world that the u.s. is acting out of self-interest here. and it is causing -- you must get on the ground there and hear people must be saying to you, but what is the u.s. doing? why are you doing this to our country? it must be going quite deep in your organization. how do you respond to that? >> the chinese people, i found to be very measured in their approach. maybe not being as honest to my face. we found them to be measured. the huawei situation doesn't apply to every customer and partner there. and from our perspective, as parts of huawei we compete with and those parts, software, we have a better solution so we can obviously showse customers where vm will overlap with huawei, virtualization provides you freedom. that's good. but for the manyot and the most important thing is assuring them that you will support them, that the software will continue to run, and that you will be wi

with huawei sta rts with doing business with huawei starts this week. wants the new rule? this new rule was mandated by congress in america and it bounced the us government agencies from buying products from five chinese companies because of security concerns “— companies because of security concerns —— what's —— band. it will also affect a couple of other companies. this is separate from the troubles huawei faces from the commerce department. remember, it the company on its so—called entity list in may, which bans american companies from buying from foreign firms seen as potential security threats. but a month later after meeting with the chinese president at the 620 summit injune, president donald trump said american companies could sell some technology to huawei if china buys more agricultural products. last month mr trump met with us tech companies like do—able, logging for —— lobbying for exemptions to the but the talks aren't going well and the restrictions have resulted in huawei cutting 600 jobs in the us —— 6oogle. this will have a significant impac

with china and then added to t tension by talking about chinese tech firm huawei. >> wre not going to do business with huawei. we're not doing business with them. i really made the decision. it is muchimpler not to do any business with huawei, so we're not doingh business w huawei. that doesn't mean we won't agree to something if and when we t me de deal, but we're not oing to be doing business with huawei. >> and stocks headed lower. the white house later clarified, saying it was only the government not buying from huawei, and with that stocks recovered a bit. the dow had been down about 280 points and then briefly went sitive, butnded down 90 to 26,287. the nasdaq droed 80 and the s&p 500 was off 19. today's action seemed only fitting onhisild week. [ bell ringing ]. >> a lot of red on the board. >> the dow jones industrial average is down 926 points. >> investors worrying about the u.s./chinarade juarez catting. >> the d jonesndustrial average closes the day down 763 ints. >> wor day of the year for fox. >> a healthy bounceback a day, up about a percent on the s&p. >> there was buy

. also on the programme... the us delays its trade ban on huawei for another 90 days, after blacklisting the tech giant in may over national security concerns. plus, a life or death performance for this duck confronted by a playful dog. let's get more on our top story, the latest on brexit. the leader of the uk's opposition labour partyjeremy corbyn has vowed to do "everything necessary" to stop a no—deal. in a speech today mr corbyn said he intended to bring a vote of no—confidence in boris johnson's government. it's an attempt to trigger a general election before the uk is due to leave the eu without a deal. in an election he said labour would campaign for a second brexit referendum. labour believes the decision on how to resolve the brexit crisis must go back to the people. and if there is a general election this autumn, labour will commit to holding a public vote to give voters the final say with credible options on both sides, including the option to remain. mr corbyn's promise to hold a second referendum with a remain—option on the ballot paper marks a significan

this is the business briefing. i'm sally bundock. the us huawei tech ban starts now with government agencies restricted from doing business with it and four other chinese tech companies. market meltdown, the argentine peso tumbles and it's stock market crashes after the country's ruling conservative president loses big in primary elections. and jitters are being felt across emerging markets today with political unrest in argentina and hong kong. japan have reopened down over 1%. a us ban has kicked in, barring government agencies from buying equipment made by some of china's biggest tech firms. it comes as president trump's national security advisor visits london, while stressing the uk is ready to strike a trade deal with the uk after brexit, he said the involvement of the chinese telecoms firm huawei in building the uk's 56 mobile infrastructure could be put off until after the uk leaves the eu. today's us ban stops government agencies buying from huawei and a host of other chinese firms, including telecoms equipment maker zte, and hikvision, which makes security cameras. huawei i

trade tension. >> the commerce department announcing that the u.s. will for 90he huawei waiver days so companies can continue to do business with huawei. >> they got another 90 days. 90-day reprieve that applied to existing u.s. huawei,s of particularly those who run world networks that depend on huawei equipment. playe suppliers to huawei. updatingws google to huawei phones with new security patches. move.s a limited need to be careful about overinterpretting this. very much al huawei.n happening in the department of commerce added subsidiaries to huawei. at least temporary reprieve for u.s. customers. extramany could spend an 50 billion euros in an economic crises. financeccording to the minister who has put a number on the possible fiscal stimulus for first time. fears looming recession are pushing berlin now to consider suspending its balanced budget policy. spent ins what germany the last crises. he said we have the fire power to use that money. we have been lowering our debt to below 60%. bank today from the that a recession is entirely feasible with a contraction in quarter. we

rate cut in september and the market stampedes to the bond market. huawei may be collateral damage. we hear from the company's chief market officer. sophie: financial markets taken for a ride on produced terror threats on top of reduced trade when it came to manufacturing pmi. 2% from gains the losses. check out the dow weighed by .tocks like nike u.s. futures hinting at further losses earlier in the asia session. switching the board to check in on treasuries, rally across the curve sending 10-year yields not seen since investors are as boosting their fed easing bets. of thatd a strength string of we get economic data yesterday with japan and south korea pmi in that contractionary territory. an addition, we had news out of hong kong that retail sales had its fifth straight monthly decline. we're also awaiting another slew of earnings from asia. want to check on the yen here after that trade news. trump tweets announcing a new 10% tariff on $300 billion in chinese imports, not yet an effect. he goes into effect on january worst. aking a little bit more of deep dive into that, the bl

to continue to do business with huawei. that is right. the feared sinister agent of espionage for the people's republic of china, huawei, we take that up right after the break. stay with us. this is the couple who wanted to get away who used expedia to book the vacation rental which led to the discovery that sometimes a little down time can lift you right up. expedia. everything you need to go. expedia. bill's back needed a afvacation from his vacation. an amusement park... so he stepped on the dr. scholl's kiosk. it recommends our best custom fit orthotic to relieve foot, knee, or lower back pain. so you can move more. dr. scholl's. born to move. doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. they feel like they have to drink a lot of water. patients that i see that complain about dry mouth, medications seem to be the number one cause for dry mouth. dry mouth can cause increased cavities, bad breath, oral irritation. i like to recommend biotene.

sell to huawei. administration officials tell me technology firms have temporary general licenses for all sales. those licenses will expire on august 15th. there is a separate process going for about another three more weeks for companies to have a new license to continue to sell to huawei. today according to administration officials a new rule will come out saying federal agencies cannot buy from huawei starting august 13th. all this shows that china is gearing up for a prolonged trade battle. chinese sources they expect 10% tariffs to be imposed on september 1st, on the additionalhundred billion dollars of imports. the chinese are bracing for the tariffs would rise to 25% which president trump said would happen unless they buy more u.s. agriculture. the chinese ministry says china will not buy more agriculture. major government figures are at retreat. they're working at the retreat to find ways to retaliate against the united states without damaging their own economy. that could include, charles, talking about helping other companies from other countries but not the united state

another bloomberg exclusive. we will hear from a top huawei executive about what the u.s. is losing out on as the telecom giant remains on the blacklist. first, shares of tobacco company altria dropping after the dow jones reported the u.s. federal trade commission is investigating the marketing . -- marketing practices of juul labs. it has invested $13 billion into the popular e-cigarette maker. regulators are investigating whether juul engaged in deceptive marketing. in addition, juul was named in documents by the u.s. food and drug administration as it investigates whether e-cigarettes can trigger seizures. joining us to discuss, the co-author of that scoop, our bloomberg news health care policy reporter and a reporter who covers juul. what exactly is the fda investigating? anna: they have gotten reports from people that this has happened to who say they have had seizures and that juul was one of the e-cigarettes that some of these people putting reports in used. they said recently, the fda, that there have been 127 reports of seizures possibly linked to e-cigarettes. what they have not

rishaad: incrementally, the trade war heats up seemingly on a daily basis. at theme, it is huawei center of the technology rivalry and upping the ante by not allowing u.s. companies to deal with huawei. some licenses have been delayed and that sent futures on the s&p the other direction and that had an impact. we are positive generally speaking. david: up about .5%, down 10 points on s&p futures. perhaps adding to some stability with the fixing, which we expected to adjust with the huawei lines, didn't quite get there. sengad: 1.1% down, hang with gains after a terrible couple of weeks. .3% to the upside, nikkei 225 getting a boost from the gdp boost print which was something. 1.8% growth. shanghai, doing well. let's look at whether the currencies are playing out in this because when we see the japanese yen appreciate, we tend to find exporters are under belowre but it is still 106 and doing ok on the nikkei 225. the euro, fractionally moving to the upside at $1.12. this, despite what has been a bit of a fallback but it looks salvini's government is on the verge of collapse. meanw

. ban on huawei and softness in the led market will continue to impact the sector in the long-term. shares down more than 3% this morning. >> thank you very much for those checks and stocks on the move. >> what the justice department's anti-trust watchdog told our own brian sullivan about the talk to take on facebook, google, and amazon, et cetera. and later on, a life or death crisis the ceo of huawei lays out his battle strategy and plan amid u.s. pressure on the on going trade war. that's coming up ♪ ♪ applebee's handcrafted burgers now starting at $7.99. now that's eatin' good in the neighborhood >>> welcome back, the war on big technology rolls on. a number of state attorneys general are looking into the unchecked power of large technology companies like facebook, amazon and alphabet. the justice department's top anti-trust official is sitting down with our own brian sullivan saying he has heard from a number of states on the matter and is prepared to cooperate >> whatever may come, do you feel like you have a good relationship with many of these potentially involved state

they get a deal with huawei over the same issue, it is unclear if huawei will make additional payments to them. also saying that huawei is taking market share in china , which sort of has ramifications for the entire space. so qualcomm has been on a roller coaster ride this year. it is down 18%. more than 20% now if these declines hold tomorrow. still up 29% on the year. so quite a wild ride this year. emily: quite a roller coaster for qualcomm,, over the last couple years given the attempted broadcom takeover over as well. they also had to cut off supplies, or at least some, to huawei after the trump administration blacklisted it in the midst of the trade war and national security concerns. sarah, give us the latest on talks between the u.s. and china. we know they have ended, and there's a new set of talks on the calendar for september. do we know if they agreed on anything? sarah: we were left with very few clues about what was actually discussed in this meeting. what we do know, officials really just met for about half of the day, and they said they will reconvene in septe