new developments surrounding huawei the tech giant stealing trade secrets. >> whether they stole and could lead to an indictment soon huawei has been on the radar for years, but the recent arrests are different and global last week alone, the probe in the u.s. and taiwan's ban of its products and its government systems and the arrest of an employee in poland on espionage charges. again, that's just in the last week but it adds to a growing list of countries from australia to britain, reconsidering their relationships and in canada, of course, the cfo facing extradition to the u.s the big question, kelly, as scrutiny intensifies with this latest probe, are these temporary setbacks for the company or do they signal a larger retreat that could knock them from the purchase, number one supply of equipment and second most of smartphones >> deidra, with that and other ways they're kind of coming after the company, what happens if all of the sudden, basically loses access to the u.s. market? >> if it loses access to the u.s. market and as an example, what we saw with zte and unable to say bu

you have a new investigation of huawei, federal investigation. you have new congressional action saying u.s. components cannot be sold to chinese telecommunications companies on one hand they may have a short term deal that provides some money and some boost for the market but the long term problem is the fact that we're on a collision course particularly in the emerging technologies and do we divide up the world between people using chinese technology and people using u.s. technology, can we find a way to work with each other. >> on that front, it's one thing if you're an investor in huawei, you have problems trying to figure out where that company can do business. what happens for the u.s. technology what are the ways -- can people stay invested and ignore this or is fred right it will create this digital curtain between west and china >> i think it creates a little bit of a digital curtain certainly u.s. tech companies are positioned, are in such a position they will benefit as this trade deal gets done and as we move forward and there's a vic

government laid out charges against the huge chinese telecom company huawei and accusations against e chief financial officer. focus will go back to that next week. their extra processes due to be going on in canada. it makes it difficult. u.s. officials te ed to say the separate from the talks. i don't think the chinese necessarily see it in those terms. but it goes back to this idea that america is worried about china's industrial ambitions, and they see their ld in theynology as somethin want to hold onto. jane: how enforceable would any deal be? what would stop china reneging on its commitments when tariffs were lifted? michelle: americans have been burned by this in the past. if you go back to the obama period, one of the issues that keeps coming up again and again in these negotiations is thede theft of tecrets from american companies, particularly done by cyber theft. there was an agreement during the obama years that china would step back from that. that happened for a while, but it didn't last. agreement that we do see between these two sides would have to include enforcement

harassment of huawei. that would be the equivalent of chinese officials telling apple you can no longer sell in our country. imagine the market impact that i think we're underestimating this. it's not getting better. we keep going after even more. so i feel like there's substantial bumps in the road coming ahead. >> neil: susan, we just got numbers out. amazon, the big retailer that blew away estimates. in after hours trading its hopping. a lot of the same issues that were getting shellacked in september are storming back. what to you make of that? >> i'd say amazon just crushed it in their earnings report. they beat amazon again. they beat the street by 40 cents. as you know in the markets, that is huge. they're also reporting growth in the web services as well. jumping more than analysts expectations. yes. people had bearish thoughts in december with the route. heading into january, the over and over again with apple, facebook, companies are proving they're still making money and amazon just did that. >>

security concerns in europe over huawei, we'll talk about it. big money real estate, a chinese billionaire who i spoke with in davos last week at a center of a mega real estate deal. back in a moment. ♪ i don't want to hear sad songs anymore. ♪ i only want to hear love songs. ♪ i've got my heart up in this place tonight. ♪ don't want to sing mad songs anymore. ♪ only want to sing your songs. . okay. [ buttons clicking ] [ camera shutter clicks ] so, now that you have a house, you can use homequote explorer. quiet. i'm blasting my quads. janice, look. i'm in a meeting. -janice, look. -[ chuckles ] -look, look. -i'm looking. it's easy. you just answer some simple questions online, and you get coverage options to choose from. you're ruining my workout. cycling is my passion. you're ruining my workout. bonnie: how are you today? girl 1: good. bonnie: i'm here to talk about how with technology you can make amazing worlds. come with me. my team and i bring the halo world to life. girl 2: is that you? bonnie: that is me. i wasn't a math geniu

from t-mobile and huawei was built on stolen u.s. i.p. from cisco and it's continued to do that since it was founded in 1987. it didn't become the world's biggest manufacturer of telecom equipment manufacturing on its own. it did it because of criminality and so we're at a point right now where i think that we have no choice but to go after them, even if that does undercut trade talks. lauren: that's the culture of china, gordon, to build companies by copying and stealing and then as we saw with those criminal charges, rewarding employees, paying out bonuses for them to do just that. so we'ring asking for a major cultural shift right now and while it should happen, we have to see if it done. r gordon chang, thank you for your perspective. >> thanks, lauren. gerri: potential presidential candidate and former starbucks ceo, howard schultz, isn't giving president trump credit for the united states' economic success. he was on the daily briefing with dana perino just last night. >> i would not give him credit for that because i think the redu

the sox come after the us charged the chinese tech giants huawei with stealing trade secrets. jillian: donald trump's visited political chaos in the south american country venezuela but he will give the trump administration's will backing of opposition leader juan guaido over disputed leader nicholas madero. juan guaido pending an op-ed in the new york times calling for unity among democratic governments to end the duro's regime. donald trump saying reinforcing america's support before the leader joint protest in the streets. todd: the clock is ticking for congress to strike a deal on border security as thousands more migrants head for the southern border. our next guest mike johnson has been fighting to close luke coles in the immigration system. jillian: not just super bowl commercial getting political. football fans putting their money on this year, we will be right back. ♪ we don't need your money money money ♪ we just want to forget about the bright day ♪ if i built a van, it would do more than haul. if i built a van, it would carry my entire business. i'd make it a

thear justice department going after huawei. every day you see more of this happening. use the other countries doing it, poland, numerous countries are taking the threat seriously as well because huawei has already embedded in here. they are so much more to do. we still struggle, for example, with academia. i can't tell you how many universities in florida that i've talked to inside, the confucius institute, they use the agents of influence to shape the narrative and potentially identify americans who come in 20 years from now, could be a mayor, congressman, a leader of a major a corporation, and start to recruit them to the chinese. how many schools focus on that? we've got them kicked out every school but one in florida but more universitiesa. are breaking up that threat. it is still an enormous challenge to convince academics that this is a threat. >> tucker: considering these schools, almost every last one of them, rely on tax dollars, either. through guaranteed student loans or direct through grants to operate, doesn't the congress have some leverage on thiswe ques

has taken an aggressive stance toward huawei, filing formal charges. are you expecting negative consequences elsewhere? kevin: of all the things, whether the trade war or the general idea that the chinese consumer is starting to get sluggish, it is the huawei situation that i personally find the most troubling. this company makes the leading hardware for the cell carriers and certainly for 5g. i am troubled by the whole thing. there were some elements of the indictments that came back -- out with the robotic arm, punching away at the phones and an engineer trying to swipe one of the phones in his gym bag. i'm troubled by this story, and i'm troubled by the idea that huawei is getting boxed out of selling their hardware around the world. it seems like most of the telecom providers want the hardware. so i -- of the three things, the huawei situation is the one i've most unsettled by presently. haidi: china and u.s. markets have talked about expanding markets internationally, are we expecting them to move further away from that asset light model, particul

the united states is pushing hard against that fearing that if huawei were able to complement that, china would have a global network able to steal technology. >> bret: the power struggle is intensifying tonight in venezuela as demonstrators take to the streets to show support for the opposition leader. president trump offered his own support on the phone. steve harrigan is in caracas, venezuela, and has our story from the ground tonight. >> downtown caracas turned into a protest zone for two hours wednesday at scheduled by the opposition before another major march on saturday. it marks the first show of outrage by supporters of juan guaidÓ since he declared himself interim president one week ago. the whistles and horns of sound of the frustration of a populace battling a million% inflation, shortages of food and medicine, and a former bus driver nicolas maduro as president we elected last year in a vote marred charges of fraud. >> those men must be in prison, imprisoned because they are harming children who are 12 and 13 years old. i've been protesting since 2002 and i will stop protest

huawei decided to start paying again under the interim agreement. they will pay 150 with the nose a quarter for the next three quarters, up from $100 million until they come up with some sort of final solution on how much huawei should pay for licensing qualcomm's patents. huge part ofs a qualcomm's business that is under threat. thanks so much for that update. toing up, we will return facebook's earning results. mark zuckerberg had this to say about encryption. >> people value the privacy that encrypted messaging brings. secure the most messaging service in the world. as people increasingly share more privately, we are working on making more fire products encrypted by default so your information does not stick around for ever. ♪ >> in instagram, one of the areas i'm excited about this year is commerce and shopping. we expect to deliver qualitatively new experiences around that. mark zuckerberg moments ago on the facebook earnings call. , interesting reading the headlines from the call. the big news seems to be that revenue growth is going to slow

reaching a consensus -- a consensus may have gotten more difficult with huawei. when we spoke with michael pillsbury, who advised president trump, he said it could help. >> i think it gets us more leverage. they expect this kind of thing. the united states and china have been negotiating a lot of different things over the last 45 years. there is a cycle or pattern to these negotiations and usually applying pressure at the last minute through other means can be quite important. serveddavid dollar once in beijing as the u.s. treasury department's representative. he is a senior salad -- senior fellow now. good to have you with us. , if you will, does the law way -- does the huawei indictment make it easier? indictment,uawei looking straight discussions. i do not think it will have much effect of what will happen as -- chinesece premier premier negotiates. it is in the background. it is a reminder that things can get worse in u.s. china -- u.s.-china relations. i do agree that it does have an effect in terms of u.s. leverage. but it does not have too much effect on w

>> reporter: it's hard to overstate how big huawei is to china. it's a massive telecommunications firm. china has been upset. they're really not happy about it at all. after the indictments came down, the ministry of foreign affairs came out with a statement, said they expect her to be released. they didn't take that opportunity to up the rhetoric, to turn up the heat a little bit. i think within that, the fact that they made that choice shows you they don't want huawei to scuttle any potential trade deal, at least not yet. >>> president trump has personally reached out to venezuela's opposition leader juan guaido, which the u.s. recognizes as the president of venezuela. the white house says president trump spoke with him on the phone this morning to reinforce his support. >> more mass protests expected in venezuela as guaido and nicolas maduro fight for political control of this country. with me now nick paton walsh. so president trump speaking to guaido, america's choice in effect for president, the actual president of venezuela. what are we hea

the criminal charges that were brought against huawei and their cfo. mnuchin is saying it's not going to effect the -- there are two issues but there's certainly an issue there. >> as far as the chinese are concerned, it's like it's all one big thing. they are considering this arrest as a declaration of economic war, basically. it's as big if not bigger than the tariffs. of course they're connected. and trump himself has actually said impromptu that maybe he might drop charges if we come to an agreement on something. i doubt that, but it's going to make any agreement that much harder. >> we're going to be watching the trade talks and see if anything fruitful comes out. thank you so much. >>> coming up the author of the latest tell all book, cliff simms is here. f simms is here. (gasp) (singsong) budget meeting! sweet. if you compare last quarter to this quarter... various: mmm. it's no wonder everything seems a little better with the creamy taste of philly, made with fresh milk and real cream. just as important as what you get out of it? with the cream

mnuchin said the huawei news is a separate thing. i don't know how you can separate these two things. huawei has been stealing trade secrets from u.s. companies. how is that different than stealing intellectual property? at this point it was a separate thing. that was a department of justice issue, the huawei sanctions, but i think this has to come up. i think the chinese are going to have to make a real sure effort to actually make the americans believe that they are trying -- they are making an effort to stop stealing i.t. and enforcing transfer of technology. >> sandra: the editorial board at the "wall street journal" said they should be separate issues. to your point how can it not come up? two days of meetings with the chinese delegation. this is important as we finish up here. the president mentioned china 18 times in a speech to the american farm bureau federation two weeks ago offering assurances a deal will be reached. expectations are really high. >> don't forget. they signed into law the $867 billion farm bill. the adminis

cook whether part of the issue in china could be intensifying competition from the local rivals, like huawei and others, and he argues that's nothing me i think the competition is very tough there, he says i think it's the most competitive market in the world, but that didn't change in the december quarter it's been like that. as the iphone franchise comes unpressure of course, there's more tension in that company's services division which grew 19% to 10.9 billion. i did ask cook if services can keep grow, even as iphone sales come under pressure. he tells me that's what's more relevant sheer that his total base of active devices keeps growing, now reaching 1.4 billion. services are largely connected he says to the active install base so it's connected to that 1.4 billion. these are the people that are subscribing to apple music they are subscribing to icloud guys, back to you. >> josh, a lot of talk about 4x. a lot of talk about a slowdown in china how much would you say of the weakness that apple is experiencing can be chocked up to macro economic factors, and how much of it is apple-speci

unveiling criminal charges against huawei. the interim president of democrats do not want to give president trump an endorsement for military intervention. he is calling for more protests today and the mass march on the weekend. it is being called the most extreme cold and a generation. the u.s. midwest gripped by a deep arctic freeze. the u.s. postal service has taken the rare step of suspending mail service, blaming the brutal cold on a polar vortex. global news 24 hours a day on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am viviana hurtado. this is bloomberg. tom: kit juckes with us on keen -- queen victoria street. there is about a two-hour conversation in the interest of the fed. one is economic growth, the movement of gdp. we have a weaker first-quarter. wet does socgen believe that can bounce back and have a decent 2019? the global, but economic cycle is turning and the u.s. economic cycle is turning. u.s. growth will be significantly weaker in 2019. grow

industry and how they target the most vulnerable among us and later here inside the washington beltway huawei has been charged with myriad crimes as senior u.s. government officials ramp up the rhetoric in the ongoing conflict with china on the eve of the u.s. china trade negotiations here in washington they begin wednesday mail edition the owner of which join us to discuss all that in our sights but first we had right to some headlines let's go. for exit brinksmanship leads our global report today is u.k. prime minister theresa may opens her draft agreement to amendments from the british house of commons ms may affectively conceding that parliament has disregarded past precedent and their way to the bracks it table spent a full day of rollicking debate in an editing session on her draft or exit plan ms may is especially anxious for changes on the matter of the so-called backstop issue on the irish border changes to the status quo on that front could violate and perhaps destroy the good friday peace agreement for northern ireland ms may's minority government includes the democrat unionist par

against using huawei's equipment. emily: your team has so many stories about every single angle on this huawei story. the title of one of them is u.s. message to the world: do not trust china on 5g. how will others receive this message? tom: they have got a way -- your desire to use huawei's lower-priced and arguably reliable equipment when it comes to 5g, and this assertion by the u.s. government that china can create -- huawei can create a backdoor into china. that this represents a potential security threat for your country, your sensitive trade secrets, possibly your national security. that is a trade-off that a country has to make. do i want this equipment or do i want the potential for backdoor? where we see the u.s. needing to be more forthcoming possibly is is to -- possibly is to show more why huawei is a threat. yes, they are stealing ip allegedly. yes, they are violating u.s. trade sanctions, but are they a real threat to national security in terms of creating a backdoor for china? are they saying to china'

of huawei has appeared in court. the judge pushed back the date of her next appearance to march 6 in the face of a 30 day window for canada to consider sending her across the border. her arrest and extradition request have raised tensions ahead of talks starting wednesday. china has asked for a release. >> we are focused on fulfilling our obligations, making sure the rule of law is consistently applied. we are a country of a rule of law. we will make sure the law is respected. >> the venezuelan president nicolas maduro is trying to silence opponents using gag orders and shutting down the internet. journalists have said they been warned to not mention the opposition leader why name. five people have been arrested over the disaster in brazil that killed 65 and left 300 missing. police detained three employees and two contractors who recently carried out a safety study. the present government has ordered checks across the country. fed next is looking beyond amazon for growth by setting up a new late-night shopping optio

first to make a decision on whether to extradite the chief financial officer of chinese tech giant huawei mang one jew has appeared in court in vancouver she's been under house arrest there since last month the united states is seeking her extradition for allegedly violating sanctions on iran monday the u.s. filed a host of criminal charges against weiwei through doing theft fraud and conspiracy . an hour to us politics and the twenty twenty presidential race howard schultz the man who is responsible for turning starbucks into a global brand it says he is seriously considering a bid for the white house former starbucks c.e.o. said he would run as a third party candidate despite being a lifelong democrat his potential candidacy has already alarmed some democrats who believe he would take votes away from the twenty twenty nominee and a book signing event in new york on monday a protest to heckle schultz accusing him of helping to elect donald trump to a second term even trump has told his supporters that are run by the former c.e.o. would help put him back in the oval office schultz disagre

>> if i could go back to huawei , when you look at the technology, i think huawei is a good example. the other complexity is the question really is do you know what's in your phone? do you know who provided the chips, software, everything that goes in your phone? we're tracking everything you just addressed in terms of putin. i'm not sure if any of that violates the new treaty. the russians are in compliance , and as you know, they can deliver 1550 in war heads and 800 in the latter category in terms of other systems. i am not aware that this violates the treaty. i will take that one for research as well and we may be able to get that to you in closed session this afternoon. >> so even if the systems don't violate the new star treaty, the past administration has said that russia is violating the intermediate range nuclear skies treaty, the open treaty, the chemical weapons convention, the vienna document , and it no longer is adhering to any of the other initiatives. is there any treaty that russia has the are currently adhering to? >> the russians would have a different interpretati

the bank fraud charge is related to huawei subsidiary skycom, which is alleged to have violated u.s. sanctions by trying to import u.s. technology to iran. the indictment comes amid ongoing trade negotiations between the u.s. and china, whose tariff truce will expire in march if no deal is made. in northern yemen, the u.n. said monday that the shelling of a camp for displaced people in the north of the country killed 8 civilians saturday, and wounded 30 others. an attack earlier this month in the same area killed six children and two women. u.n. officials are in yemen for ongoing peace talks as the fragile ceasefire in hodeidah agreed to last month by houthi rebels and saudi-backed government forces has been delayed. meanwhile, british aid agencies, including the red cross and oxfam, sounded the alarm on the situation in yemen, calling for the international community to pay more attention to the world's worst humanitarian crisis, and for the swift implementation the ceasefire in the port of hodeidah. this is oxfam's awssan kamal. >> people are struggling to buy their daily rations to

even if they deny this which is the case against huawei. mnuchin and wilbur ross came out and said the investigation into the chinese telecom company is separate from the trade talks, but the chinese will remember what happens when president trump softened the punishment of zte after a phone call from president xi as a favor. something else the chinese may be looking at is the political weakness of trump given the shutdown and the fact he stepped away from the shutdown, back down in the face of pressure from democrats. that may a lesson the chinese take on board. when push comes to shove, president trump has and can backed down. shery: the strategy seems to outlast china when it comes to economic concerns. we are now seeing further signs of a slowdown in the world's second-largest economy. tom: yes, you are absolutely right. of ans. is very cognizant ingrained slowdown we are seeing in china. that was articulated by some of the provinces. 30 provinces have announced gdp targets for 2019, 23 provinces have lowered those, including the two la

crackdown on huawei is "unreasonable." prosecutors file charges against china's largest technology company. the company is accused of stealing trade secrets from an american rival and violating sanctions against iran. venezuelan president nicholas maduro is trying to drown out the forces seeking to topple his authoritarian regime with rolling internet blackouts and gag orders. president maduro blocked access to a live streaming video app when self-proclaimed interim president juan guaido addressed the nation. the internet is crucial to his ability to rally supporters because the maduro regime controls nearly all the television and radio stations. global news 24 hours a day, on-air, and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm mark crumpton. this is bloomberg. shery: from bloomberg world headquarters in new york, i'm shery ahn. amanda: i'm amanda lang. welcome to bloomberg markets. here are the top stories we are following from around the world. backstop to on th

filed criminal charges on huawei. russia is promising to do nicolasng to protect maduro from efforts to oust him. before minister will not say what that means. -- the foreign minister will not say what that means. the trump administration ratcheted up the pressure by imposing new sanctions on the state-run oil company. those block it from exporting crude to the u.s. and oil provides the bulk of venezuela's income. devastating wildfires in california in the last two years have brought one of the biggest utilities to its knees. 11e filed for chapter listing more than $50 billion in estimated liabilities. investigators are trying to see if pg&e's equipment caused the deadliest fire in california's history. global news 24 hours a day and at tic toc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm courtney donohoe. this is "bloomberg." guy: thank you. we understand at there has been a briefing of the press, just behind the chamber in the house of commons. what has come out of t

filed criminal charges on huawei. devastating wildfires in california the last two years have brought one of the nation's biggest utility to its knees. pg&e filed for in group c protection with more than $50 billion in estimated liabilities. investigators are trying to see if pg&e's equipment caused the deadliest fire in california's history. american housing prices appear to have hit a speed bump. they rose up the slowest pace since 2015. property values were up 4.7% from a year earlier, the eighth straight month of acceleration. global news 24 hours a day and at tic toc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm kailey leinz. this is "bloomberg." guy: thank you very much. up, the debate continues in the house of commons. you are looking at live pictures from the palace of westminster, as mps debate the issues on the seven amendments that are going to be voted on. that is next. this is "bloomberg." ♪ guy: live from westminster, i'm guy johnson. vonnie: and i'm von

how many of you would use a tell con product made by huawei? >> i would think et we should talk about these in a closed session. these are not all yes and no answers. i think there's information here that would be better described in a closed session than an open session. >> like a professional who has once been on a debate stage and not like raise your hands questions. i'll say that i saw no hands go up and while i'll defer to the closed session, i suspect if i asked a fairer question, which is how many would recommend that people who are not heads of an intelligence agency like your neighbors or church members or high school friends, there would be six no votes of confidence. director coates, in september the house intelligence committee voted by voice vote, which i presume it was bipartisan and not controversial, to send several dozen transcripts and investigation into russia's interference in our 2016 election so they could release those pending your classification review. where does that review stand? >> that's another issue which i would

to, quote, stop unreasonable suppression of huawei combined with continued concerns over weakness in the chinese economy, how is it all going to play out here to help us answer this and a lot of other things, goldman sach's chief asia-pacific equity strategist tim moe >> great to be back. >> let's start with the chinese economy, what you know or what you think given the warnings from so many u.s. companies, probably more to follow about weakness in china business >> the numbers are weak. we can rattle through statistics fourth quarter gdp on the soft side pmi below 50 the producer price index just hovering above zero. i can rattle on but clearly the spot -- characteristic of the chinese economy is weak. the good news, half glass full, is it's clear that chinese policymakers are stepping up i was in beijing on thursday had a series of macro meetings if you look at the various aspects of policy, fiscal, monetary, and the fact that currency depreciated last year by nearly 10%, the combination of all of those suggest the policy is easing and with a lag that should stabilize the chinese e

justice department revealing its charges against huawei accusing the company of allegations. the back and forth continues. you have the tariff negotiations that continue as well. so what are we doing? we're sharply -- >> sandra: unchanged. well done. minute and a half. >> bill: i'm learning. maria had a rocking show this morning. she had steve mnuchin and larry kudlow on from washington, d.c. they're talking about china and optimistic but not convinced they can get the overall deal they're looking for. >> sandra: all that ahead of big meetings with china this week. kudlow said the president will be involved in those negotiations. the markets will certainly be watching that. meanwhile onto this fox news alert from capitol hill. top u.s. intelligence officials will december file on the biggest threats facing the country as a senate intelligence committee hearing gets underway. christopher wray and gina haspel will be among those briefing lawmakers. last year much of the focus was on russia. >> bill: major development on driving isis out of syria. the trump administration gettin

and even stealing it -- stealing a piece of it. >> a case filed in new york alleges huawei committed wire and bank fraud in violations of u.s. sanctions against iran. the new york indictment seeks the extradition of huawei's chief financial officer meng wanzhou from canada. where she was arrested last december and later released on bail. today, china called on washington to withdraw the extradition request. >>> the u.s. is imposing sanctions on venezuela's state-owned oil companies and urging the military to accept a peaceful transfer of power to the interim president. violent protests erupted in recent weeks over the country's failing economy. demonstrators demanded president nicolas maduro step down. national security adviser john bolton said yesterday that maduro and his allies could no longer meet the assets of the venezuelan people. >>> four houston police officers were shot while serving a drug-related search warrant. two of them, the most seriously hurt are in serious but critical condition after being shot in the neck yesterday. one is 50 years old. on the force for more than

as it relates to the huawei issues that's being run by the justice department. i have no involvement in that. i found out about that yesterday when it was announced. so those are not part of trade discussions. forced technology issues are part of trade discussions but any issues as it relates to violation of u.s. law or u.s. sanctions are going through a separate track, which is the justice department. maria: i mean, i guess the broader issue is is this a cultural thing in china? i mean on sunday morning futures on fox news i spoke with the ranking member of the intel committee, house intel committee devin nunes and he went through some of the practices that china does every day. listen to this. i have got to get your reaction. >> china might have accessed allied intelligence shared with poland and passed it on to moscow. >> what the chinese are doing is they have these companies that are essentially owned by the communist party and essentially this is a dictatorship. very few people own these companies. they weaponize them so when all over the world you have ch

huawei is denying the u.s. charges that it violated iran's sanctions and china is calling on washington to with yo withdrs request for canada extradite the huawei. lauren: we have a programming note for you. steven mnuchin and larry kudlow will be maria bartiromo's guests on "mornings with maria" today starting at 8:00 a.m. eastern time. cheryl: the united states has imposed sanctions on venezuela's state-owned oil company, cutting off a vital source of income for the country. lauren: blake berman at the white house with the very latest. >> reporter: the trump administration continuing to try to keep the pressure on nicolas maduro and venezuela, announcing sanctions targeting the country's oil industry. john bolton and steve mnuchin announced a freeze on any purchases involving venezuelan oil by those in the u.s. the money will be frozen for maduro to touch as it will be placed on hold until and unless juan guaido is recognized inside venezuela as that country's leader. the treasury secretary trying to reassure

department of justice has indicted the ceo of huawei on two grounds. first on cyber espionage grounds. and the second is in violation of iran sanctions. so the lawyers have hit back against the claims said she never plotted to violate u.s. law. but it's a cloud over these talks. >> the trump administration also announced sanctions against venezuela yesterday targeting that country's oil industry. how could that move impact the price of oil, john bolton pretty firm yesterday. >> exactly. so the u.s. has officially announced sanctions. the bulk of venezuelan oil exports do go to the u.s. so it could hit the u.s. courtrooms. but what the treasury sector steve mnuchkin said u.s. oil refineries import venezuelan oil but not go the maduro government. the only way it would if maduro accepts peaceful transition of power. back to you. >> always great to have you with us. thanks so much. >>> still ahead howard schultz fires back at critics of i had potential 2020 white house run. >> what the former starbucks ceo is saying about fears he may help get president tr

how do play huawei? -- how do you play huawei? you have a view the fed is going to move slower and be could have anu unusual circumstance where you have weaker outcomes and yet stronger market outcomes, the reverse of last year, higher stocks have a chance to outperform the market again. we saw significant underperformance last year. company, it is a bad omen going into the trade talks and it is unlikely we get resolution. would be chinae agrees to buy more from the u.s. , open up their markets. conclude they can come to a resolution on intellectual property theft, etc. it is not a rosy outlook, it is a volatility inducing catalysts. . francine: what do you think is priced in at the moment? get a lift if we see a deal between the u.s. and china even if it is light on details? in real what say markets are pricing in. ,f there was some resolution that could give a lift to markets. it is one of the positive catalysts coming up. if it does not work out, 50 basis points, 100 basis points to the outside. we think fed policy is more crit

in fact, as the indictment details, this was the way huawei operated. this was huawei's m.o. during the time period of the alleged crimes, huawei announced a bonus program for its employees worldwide, that it would pay cash to employees for stealing confidential information from competitors. and yet, and very tellingly, within days of this offer, huawei usa sent an e-mail to its employees acknowledging this conduct would be illegal in the united states. let me end by emphasizing as the attorney general did as well, our indictment contains allegations. huawei, like every defendant in a criminal case, has the right to due process including a trial. we look forward to proving our case beyond a reasonable doubt and holding huawei accountable for its actions. let me finish just by thanking as well not only the fbi and the other law enforcement agencies that were involved in this work but the ausa's in my office, todd greenberg and tom woods and a number of other folks who supported them on this case as we got the indictment. thank you very much. acting atty general whitaker: i app

decides to go after huawei in a criminal probe. huawei, the biggest chinese smartphone maker. let's look at what's going on in the sector picture, looking at the imap on the floor, financials a bit of a mixed bag. profit warning a yesterday from nvidia and s.a.p. this morning setting the tone. s.a.p. really seeing growth in cloud, but a bit softer, a bit of a mixed bag. , interestingr given the sanctions in venezuela. miners as well higher. individual movers, what are you seeing? we see onar as what the stoxx 600 right now, a pretty even split. 250 lower.gaining, here are the winners. british american tobacco, roil off hold -- royal ahold. roche, novartis adding as well. hsbc the second-biggest gainer, over 1%. it is the more defensive stocks. banks and pharmaceuticals helping to push you up. bp, royal dutch shell, total all up. as far as the losers, swedbank earnings disappointing, down 3.5%. louis vuitton moet hennessy down 1%, daimler down 1% as well, so some of the companies down with earnings, daimler not out until thursday, but some earnings missing here, and some jockey

federal crimes by huawei technology. the partial government shutdown will ultimately cost the world's biggest economy just $3 billion according to the congressional budget office was reported that the budget gap in the u.s. is widening. the department sees the deficit topping $1 trillion in 2022. the last time the u.s. had a budget gap that large was between 2009 and 2012 following the financial crisis. arabia expects to reduce output. energy minister khalid al-falih spoke to bloomberg in riyadh. >> we broke it down to 10.2 in january. i believe our target for the february isw -- below that. there could be small adjustments in the domestic demand, so we will find out in february -- february. saudi arabia is going to be well below that voluntary cap that we agreed to. >> for the full six months? >> for the full six months. annabelle: global news, 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. nejra: at all jewelers in hong kong. -- annabelle

suppression of chinese companies including who are we in treat chinese enterprises objectively and fairly huawei is accused of misleading the us government and the global bank about its relationships with subsidizes in order to conduct business with iran it's also alleged the chinese company conspired to steal intellectual property property the indictments does not accuse the chinese government of criminal activity while ways c.f.o. among one joe was arrested in december last year in canada at the request of the us sparking outrage from china she's still awaiting a final decision on extradition to the united states the company on the chinese government deny any wrongdoing. the charges come just ahead of crucial u.s. china trade talks political analyst colleen cavell thinks the whole route is a protectionist measure and part of the united states. it is the between the u.s. and china in its current talks and truly urgent that are going on. as you you know. there's. diplomacy to be china. the u.s. dollar car market. to its all of dearly as well. so yes you may produce a product that is cheaper than

late tonight, what of china's biggest tech firms, huawei, denying that they have been stealing trade secrets. that's not all. the acting attorney general also making news about robert mueller's probe. here is catherine herridge with more. >> shannon, late today, senior officials confirmed charges against us before and the chief financial officer. at the largest telecommunications officer of stealing trade secrets, breaking confidentiality agreements, violating sanctions against ira iran. >> they expose huawei's brazen and persistent actions to explain american companies and financial institutions. the free and fair global marketplace. >> they found that huawei also stole information on a t-mobile testing robot. violating confidentiality agreements. on at least one occasions, stole secrets that would allow them to copy the robot. the acting attorney general also took questions on the status of the special counsel. >> i'm comfortable that the decisions that were made are going to be reviewed. either through the various means that we have, but right now, the investigation is i think clo

what is huawei specifically accused of? rajini: there are tws.sets of char the first one accuses huawei of stealing trade secrets, relating to a robot which was used by le to develop mobile phone technology. this indictment accuses huawei secretlyap photong this ngrobot, fin that how it was made, and even stealing a piece of it. jane: iran features in the charges? rajini: 13 counts relatin' to huawei's operations in iran. violating huawei of sanctions lawby operating under a shadow company called skycom and that u.s. banks did transactions with skycom, not realizing that huawei had this set up. it accuses huawei of trying to conceal information, lying to the authorities, and fly witnesses back to china so they couldn't be interviewed. .sne: what impact of the charges likely to have onand chinese relations? rajini:re i wil you will quote that stuck out from the news conference. it goes on to talk about the e influeat the chinese government holds over huawei, and that is crucial because this in many ways is the u.s. flexing i

justice department has filed criminal charges against huawei and a top executive. the company is accused of fraud, stealing trade secrets and violating trade secrets on iran. >> they asserted that it was in compliance with the iranian sanctions. these alleged false claims led them to do business with

firms by huawei. he said that the doj would be seeking extradition of the huawei cfo from canada. this is the latest from the u.s. in terms of actions against china's largest tech company. they continue on the national security front to push the allies from the u.s. to block while way technology -- while huaweihnology -- technology. ordi: this is either awkward strategic timing, a couple days away from the chinese delegation arriving in washington. for trade talks, how will this play out? the wilbur ross came out at press conference and made a point of saying these charges were separate from the ongoing trade negotiations. but for many in the u.s., while is symptomatic of chinese nefarious attempts to lead in technology. they describe it as a company that gets an official state toking and is trying dominate in next-generation technology. it is hard to see how the case does not lead into these talks. trump muddied the waters by telling reuters he would consider waiting into the case if he thought it would help get a trade deal between china and the u.s. did something of a u-turn on

i wonder if the criminal charges federal prosecutors filed this evening against huawei, which is china's largest smartphone maker will even dampen the enthusiasm. serious stuff that i believe -- let's put these bowling balls in context. caterpillar had a huge year in 2018, sales up 20%, records earnings per share they earned $2.55, sounds like a lot, but wall street wanted $2.99. that's a big differential, and their full year earnings guidance is substantially lower than expected. some of that bottom line disappointment came from higher raw costs but the most jarring part of cat's conference call came when the company discussed china. here's what they said, and i quote. we are forecasting the overall china market to be roughly flat in 2019 following two years of significant growth china represents about 10 to 15% of our total construction in industry sales and 5% of total caterpillar sales and revenue end quote. book, that's what did it the strength cat saw in the rest of the world, especially in the united states couldn't offset that chinese weakness. why wasn't that enough to crush the

banks did transactions with skycom, not realizing that huawei had t s it accuses huawei of trying t conceal information, lying to the authorities, and fly tnesses back to china so they couldn't be interviewed. jane: what impact of the charges likely to have on u.s. and chinese relations? rajini: i will read you will quote that stuck out from the news conference. it goes on to talk about the influence that the chinese government holds over huawei, and that icrucial because this in many ways is the u.s. flexing its muscles over china and using huawein is matter. we havehi laterweek on wednesday and thursday a delegation of trade officials who are coming over from china to discuss trade with u.s. officials here. that is crucial because there has been a 60-date agreement between the two countries to come to some kind of understanding after a tit-for-tat trade war that has been g jane: what has chi's reaction this been so far? rajini: so far through about this they have disputed all of these allegations against huawei , and most notably as well they meng, who is being held in canada at the momen

huawei employees allegedly told banking partners that huawei had sold its interest in sky,, but these claims were false. soldality, huawei had skycom to itself. by claiming it was a separate company and not an affiliate of huawei, which it actually control, huawei allegedly asserted that it was in compliance with american sanctions. the false claims led businesses -- to do business with the company and therefore unknowingly by late over laws. one bank facilitated more than $100 million worth of skycom transactions through the united states in just four years. about allegedly lied other relationships. the company allegedly told other banks that huawei was distancing itself from the bank, not the other way around. huawei allegedly did this in an attempt to manipulate those other banks into expanding and maintaining their banking relationships with huawei. there are additional troubling allegations in the indictment as well, including that huawei lied to the federal government and attempted to obstruct justice by concealing and destroying evidence and by moving potential government witne

justice department is set to make an announcement with regards to china chinese telecommunications giant huawei let's listen then houseman's i want to remind everyone that the defendants in these cases as in every case are innocent until proven guilty and they deserve the due process of law first i am announcing that a grand jury in seattle has returned an indictment that alleges ten federal crimes by two affiliates of telecommunications corporation weiwei technologies according to the indictment in two thousand and twelve while we began a concerted effort to steal information about a robot that t. mobile used to test mobile phones. in an effort to build their own robot wall ways engineers allegedly violated confidentiality and nondisclosure agreements with t. mobile by secretly taking photos of the robot measuring it and even stealing it stealing a piece of it i'm also announcing today a grand jury in new york has returning indictment alleging thirteen additional crimes committed by wall way its c.f.o. its affiliate in iran and one of its subsidiaries here in the united states the criminal act