The Chinese Military. There is a workaround to the blacklisting. Taylor malaysias president is not satisfied with goldmans offer to settle the case. Sells me a killing on this. Taylor the fed stays in the spotlight. Topics pistols officials talk to us about policy plans. 50 basis points would be overdone. Its too early to know whether we should use the two little and what 9 tool at all. Taylor its all straight ahead on bloomberg best. Taylor hello and welcome. This is bloomberg best, your weekly review of the most important Business News analysis and interviews from Bloomberg Television around the world. Lets start with the day by day below look at the top level guidance headlines. President trump made it clear he was ready to impose additional economic sanctions on iran. On monday, he followed through on that pledge. President trump today imposing sanctions on the Supreme Leader of iran. Telling reporters at the white house, the action would deny ayatollah access to financial resources. Further sanctions aimed at the leaders themselves. This is more symbolism that actually hurting the economy or the leaders much themselves. The economy is already in so much pain. Thats right. I dont think these will hit the ayatollah in his pocketbook. This is to send a message to iran, every time you ratchet things up, we will come back with some kind of robust response. Sanctioning leaders of Foreign Countries is a big deal for the u. S. We dont do it very often. It does send a message to the rest of the world. Tehran says the path to a diplomatic solution with washington has close. The u. S. Imposed sanctions against iran Supreme Leader and other top officials. How will these sanctions impact iran . Iran is already under heavy sanctions from the u. S. All the Major Industries and banking sectors, aviation, shipping, oil exports, energy, all are already sanctions by the u. S. It does raise questions with the iranian authorities as to whether the end game is to promote diplomacy or start negotiations, or really is it by targeting the top officials, is it regime change . Powell reiterating the case for somewhat lower Interest Rates. The crosscurrents every reemerged with apparent progress on trade turning to greater uncertainty and with incoming data raising renewed concerns about the strength of the global economy. He did make the point that its far too soon. They want to see how things play out. Clearly, the decision that they made last week was to predict that things are not going to play out well over the coming weeks and months on the trade front. Nothing has changed from that perspective in powells mind. It has been a significant down day. Nasdaq off 1. 5 . You take a look at yields. We have that tenure below 2 . We have that twoyear down below. We have seen that flight to the haven assets. Its a very soggy session. We dont want to read into the section. M a lot of this is positioned trimming ahead of the g20. More terrible data. You had the comments from the fed. The u. S. Willing to suspend the next round of tariffs on an additional 300 billion of chinese goods as President Trump and president xi prepare to meet at the g20. This is positive news for the ongoing trade tensions between china and the u. S. But not necessarily progress. Just keeping the status quo. What are we expecting . Aree know that trump and xi set to meet on saturday, the final day of the summit in japan. Sources tell us the Trump Administration is seriously considering holding off on imposing tariffs on 300 billion of chinese goods ahead of this meeting. That was the promise that china wanted to even sit down at the table. Steven mnuchin speaking about progress towards a trade deal with china, telling cnbc, we were 90 of the way there. I think theres a path to complete this. President trump speaking to foxbusiness earlier this morning. He said that he is prepared to add additional tariffs against the chinese should that meeting at the g20 summit in osaka go afoul. Hes laying out to scenarios. One in which the tariffs, theres a ceasefire and no more additional tariffs. B, the next wave of tariffs on 300 billion of the remaining chinese imports that are not currently subject to them. What you are seeing is trump reminding his chinese counterpart that these penalties are looming overhead if they cannot get on a pathway deal. All eyes are on osaka, japan. G20 leaders are gathering for their meeting. Those meetings are somewhat overshadowed by the bilateral discussion President Trump and president xi will see on saturday have on saturday. What we have seen overnight from china is a statement from the Commerce Ministry saying, we are not moving very much. It has to be a mutual agreement or else we are not interested. In the wall street journal, im sure you saw, china is saying, unless you take hauwei off of the table, we will not have a deal. It sounds like china is toughening their position. China is restating a position. All along it has been saying it wants to see all the tariffs go. It wants to see hauwei let off the hook. Truth isthe calm being hammered out right now. That would see a positive President Trumps tariffs in return for resumption of the talks. That grand bargain that President Trump has set out to in whichpresident xi he gets a rebalancing of the economic relationship, he gets key concessions on intellectual Property Rights and theft out of the chinese, and that the chinese in return are able to show that they get something. Thats a much harder deal to get. The worlds most powerful leaders are gathering in japan for key meetings that may set the direction for the global economy. Out forthing to watch our efforts to stem rising tensions between the white house and iran and any sign of progress in the u. S. China trade talks. It was a very busy day for President Trump. He has nine bilateral meetings during his 24 hours or so in osaka. He had several this morning with shinzo abe and vladimir putin. Countries, heese had some sort of tension here. Whether it was trade related or geopolitically speaking. He said theres a good chance of doing something with china. He said when it came to pledging not to add more tariffs here if talks do not yield anything, he said no. I have not decided that yet. He has not promised to withhold new tariffs for now. That plan b could very much be planning. Was prettyt xi straightforward in his criticism, criticizing the united states, not in name, using bullying tactics. Also restricting the Global Supply chain and technology. That is an indirect reference to the hauwei situation. Be interesting to hear in osaka. Ahead, the fed under pressure from inside and out. James bullard explains exclusively why he floated for a rate cut this month. If you think the conditions are right today, the today. Ceo says trade is just the first battleground in a Global Political struggle. Alaysias president up next, more of this weeks top business headlines. Turkish president demanded a do over in a local election. The move clearly backfired. It is a significant point in to6 year rule for the man, have lost the city. Taylor this is bloomberg. Taylor this is bloomberg best. Lets continue our global tour of the weeks top Business News with the u. S. Government putting more pressure on Chinese Technology companies. Last month, u. S. Firms were barred from doing business with tech giant huawei. This week, there were further developments and that ongoing story. The u. S. Has put five more chinese tech firms on a trade. Lacklist what we know about this . Entities included for Chinese Companies as well as a Research Institution that the commerce says was involved in chinas supercomputing efforts. The statement said that this is of a National Security concern because they are involved in the Chinese Military or being developed in conjunction with military uses. The broader concern is that this is another example of the trade into a broaderer economic conflict, cutting off Chinese Companies from u. S. Components, requiring u. S. Companies to move their supply chains out of china. U. S. Chip suppliers including micron have resumed selling certain products to the Chinese TelecomCompany Despite a ban put in place for the Trump Administration. Explain to me how this would work for these companies. What appears to be happening is that these Tech Companies are coming to the conclusion that there is a workaround to the huawei blacklisting. Under Commerce Department rules, as long as 25 or less of the technology in a certain product doesnt come from the united states, it comes from someplace outside of the united states, those products can be shipped to huawei. Its important to note that for intel and micron, they have operations around the world. If they can move production or intellectual property to other areas, they can get below that 25 hurdle and resume shipping products to huawei. More closelyked with the Chinese Military than previously admitted. Hastelecom giant collaborated with chinas armed forces on at least 10 Research Projects in the last decade. They include efforts to identify emotions in online video comments and analyze satellite images. How much is this a surprise . It should not come as a surprise. Why we think its remarkable or notable is for the very simple reason that huawei has gone to Great Lengths to distance itself from the Chinese Military. They have said, we have no substantial relationship there. That there is a handful of employees who have done some research and have done in collaboration with the military. The lira has jumped after the turkish opposition candidate shook your to landslide victory in a rerun of mayoral elections in a stable. The original that had been overturned after the party narrowly lost. How weakened is president and one erdogan . Its a set of things right now. This is not the only city he lost. He lost almost all the major cities. It is a significant point in a 16 year rule for the man, to have lost the cities. A simple is turkish commercial hub. Patrons a network of that you would lose. It is too early to tell whether this would actually have a Significant Impact on the president s ability to stay in power until the next president ial election. Shows nolly in gold sign of stopping with prices now climbing to a six year high as global uncertainty fuels golds appeal. Is this about where people think the dollar is going to go . I think so. Going back a few years ago, gold has been languishing below 1350. Even with all the problems in north korea. We have always had this thing about iran going back and forth. Even then, it never got off. And never surged above the 32. What has changed now is the fed. People are talking about the prospect of lower Interest Rates. Given that goal doesnt offer any yields, the only way you are making money out of gold is when it goes up. If you have Interest Rates going down, that becomes more competitive for gold. Oil is extending its games as u. S. Crude stockpiles see their biggest drop since 2016. Momentum in a market already rallying on the standoff between washington and tehran. Numbers keep shocking the market for your market. Oil is doing much better now. How think about the how the crude oil market has been, we started to see the price decline. U has been a prolonged you. There was excitement over the export numbers. At there looking potential of having an entire which the u. S. Has exported 12 Million Barrels per day of oil. That is insane. That is saudi numbers. No one 10 years ago wouldve thought you were serious talking about those levels. U. S. Prosecutors are investigating an International Network of traders suspected of infiltrating banks and companies to gain confidential information on megadeals. That is according to bloomberg sources. What is what are the prosecutors looking at . A couple of things. Its an interesting probe that the u. S. Is taking a lead on right now. Prosecutors in france and the u. K. Are also looking at some parallel tracks. They are looking at a global ring of traders who have a lot of funds, details that are interesting. They use burner phones and change their sim cards to gather information. What they are looking at is two things. One, how they get the information. I they getting it from lawyers or people in banks . They are looking at their relationships with journalists and whether they are leaking information to get them to write stories about it. That might manipulate the soft price. Today was decision day at the Supreme Court. The next of this term. To court today declined undermine the courts traditional deference to regulatory agencies. The court was being asked to overrule a statute that courts should defer to agencies when they are interpreting their own regulations. Businesses did not like that. They thought it gave agencies too much power to shift their interpretations. The Supreme Court with the liberals being joined by robert said, we will leave that intact. We will put limits on it. Thets need to look to agencys own interpretation of the regulation. Its a big boost for the power of regulation and a setback for business. Taylor bank stocks rallied after the close on thursday. Investors were impressed with the results of the fed stress test. The european banks surprise the most. They certainly did. Deutsche bank came in with a pass from the fed, that is not what everybody expected. That they made a lot of improvements on prior years in terms of controls and whatnot. Suisse has an issue. They have a conditional pass. They have things to do that by october. The worries about the Global Financial crisis may be starting to move to the back burner. Passing. Gle bank you have a record amount of payouts at 172 billion. Analysts were expecting 150 billion. A good outcome for the banks. Reports out this morning that Deutsche Bank is prepared to cut as much as half its Global Workforce in Equities Trading as part of a broad restructuring to try to boost profitability at the bank. We will pursue the details about what we will now. We will focus on the businesses outside of europe. Part of anlan is overall strategy to focus Deutsche Bank more on europe. In the u. S. , there are indications they will keep toact, a skeleton operation be able to Service European large clients if they have any Equity Capital markets needs there. Apart from that, it seems like pretty much everything is up for grabs. President trump continuing his attack on the federal tweeting,is morning, despite a Federal Reserve does not know what it is doing, we are on course to have one of the best months in june. Think of what it couldve been if the fed had gotten it right. Now they stick like a stubborn child when we need great scott. At the fed, we are a strictly nonpolitical agency. We are human. He will make mistakes. I hope not frequently. We wont make mints mistakes of integrity or character. The president saying that jay powell doesnt know what hes doing. He thinks we wouldve been off better off with mario draghi. Its outrageous that the white house is trying to neuter the fed and have the president dictating Monetary Policy. That is bonkers. President trump keeping the pressure on jay would jay powell throughout the week, blasting him and tweets and interviews for declining to cut rates at the Central Banks june meeting. At that meeting, one as omc member dissented from the decision to delay a cut, st. Louis fed president james bullard. He explained his thinking in an exclusive interview with bloombergs kathleen hays. Well andion running Inflation Expectations running low, the economy is looking to slow down more sharply than we thought. Seems like you better get inflation back up to target while you can. Thats why i thought we should cut here. , now we are cutting putting high probability on the july meeting. I dont like that is a tactic. That we wont do something this time but, dont worry, we will do the next time. If these think the conditions are right today, go today. Do you like an element . You are putting high probability on the next meeting. Unclear what kinds of data the committee would be expecting to get during the intermediate. Talk of a 50 basis point cut his ladder now. Are you on board with that . Sitting your today, 50 basis points would be overdone. I dont think the situation calls for that. I would be willing to go 25 today. I hate to prejudge meetings. Things can change by the time you get there. If i was going today, thats what i would do. Why is 50 basis points overdone . What is wrong with that . Is it a bad strategy . Down toxpect it to slow something below 2 in the second half of the year. That isnt the end of the world. Inflation is running well. Inflation expectations are running low. We would like to push those back towards 2 . I dont think we have to take huge action. This is more in the realm of insurance, ordinary adjustments to Monetary Policy that you should be making to be sensitive to market development. More fed speak ahead as michael mckees sits down with the San FranciscoFederal Reserve bank president. Malaysias president says Goldman Sachs made a killing in a scandal so his country wants more compensation. Coming up, more talk about trade. Blames tradelynn tensions for the global slowdown but says they are part of a much bigger picture. It is clear that theres a broader desire to see china contained in some way. This is bloomberg. Welcome back to bloomberg best. Time now to revisit more of this weeks compelling conversations. Lets start at the aspen ideas festival where the Federal Reserve bank of San Francisco president sat down with an exclusive interview with michael mckee. Moree market has praised than 100 chance of a fed rate cut july 31 ive never seen that in 25 years. Can you ignore that . Can you ignore what the market is telling you . The markets are trying to think about what the reaction function of the fed is an on the heels of the press conference we had a pretty good indication and i agree that we had six weeks of data that looks different than may. We had softer readings on inflation, a softer jobs report, and a lot of headwind flowing our way. Being in a look toward the next six weeks of data and seeing it was transitory is where i am and i think the markets are trying to figure that out as well. If you do a rate cut on july 31, how do you feel about the debate that it should be 50 or 25 basis points, the new theory that it is better to take starter action earlier . That is not a theory that is as new as it seems. It came out of the research after the Great Recession and the financial recovery, that using your tools early and maintaining yourself away from the zero lower bound is important to stop that will depend for me a lot on how the data comes in if it shows significant weakening it would call for different action then if it was just getting headwinds. It is too early from my perspective to know whether we should use the tool at all and what magnitude we should apply. From aspen to london, where this week, bloomberg hosted the emerging and frontier forum. Hsbc ceo john flint joined Francine Lacqua on stage for an exclusive conversation. He shared insight into global trade tensions, starting with the impact on business and economic growth. See a can definitely postponement in Investment Decisions because there is weertainty, and the longer dont know, the longer the tension continues without a resolution or certainty, i think the greater the potential that this postponement in investment will accelerate a slowdown. Is that worldwide, or is it particularly in the u. S. And china . I think its a worldwide thing. We already have europe experiencing reasonably soft aonomic conditions theres different reason for postponing investment in the u. K. The u. S. China trade tension is the dominant economic theme. Is this about trade or is this something bigger . Is it about who will rule the world . I think we have learned it is definitely about something bigger. Trade is the proposed a chapter in this story but when we get clearrade, i think it is theres a broader desire to see china contained in some way. I think we will move into a chapter that covers technology, and maybe a bifurcation of technology and technology standards. Another exclusive perspective on geopolitics this week came from the australian Prime Minister, scott morrison. Speaking with heidi strop ross in sydney, morrison said that u. S. Negotiations with china are indeed top of mind for nations approaching the g20 summit, but he stressed that they are just part of a Larger Network of Global Economic relationships. Put that looking to broader Global Economic interest at the fore, which is what the g20 is all about. For those nations to create a contest for broader global prosperity, of which there will be key beneficiaries. They will benefit more than any by the global economy. What does australia do in all this . There is lots of concern that at some point, and it is already happening depending on who you speak to, that cameron is being forced to choose the strongest and most powerful traditional ally and our best trading partner. How do you deal with that pressure . How do you not sit back and let Collateral Damage happen . I reject the pressure. I reject the requirement to participate in a binary way. Framework,is a false and it is not helpful. It is driven by a demand to see a reissue in terms of conflict rather than resolution, and i think australia and my government are going to be very positive in rejecting that dynamic, because i dont think its helpful. I dont think its a helpful analytical framework. Im in think its a helpful commentary framework. Yes, it gets people excited about the possibility of conflict, or interested is probably the better word, excited, and that can generate interest, but what we are interested in is a more peaceful and stable world, and when those frameworks are imposed on you, the sensible, mature, reasonable nation, you call them out, which is what ive just done. Now to a conversation that links the world of finance to this fear of politics. The malaysian Prime Minister says Goldman Sachs offered one billion ringgit, or about 240 million usd, as compensation for the role it played in the 1mdb missing money scandal. But he feels that its not even close to enough. He spoke to bloombergs haslinda almond on why he is demanding much more. Sachs took 10 to heftyn in addition Interest Rate of 6 . Thats not usual for governments. Governments normally get less than 3 . Goes to Goldman Sachs means that we get 90 of the money raised but we see interest on 100 . Sachs made aan killing. That you areaid waiting for a response from goldman. What was the query . We wanted to settle ourselves outofcourt if possible, but it seems they are not willing to offer a reasonable sum of money. And what is the reasonable sum . We would like to get our 10 back at least. When will you take legal action . On they will try to expedite this is much as possible. How long are you willing to wait before you take legal action . We are very patient. [laughter] cant hurry the cause. We cant tell them to expedite the matter, that would mean withdrawal and we cant do that. Will you be filing a civil suit on top of the criminal suit . That depends on the case. We will have to examine the case. This is bloomberg best. Lets resume our roundup of the week in business and finance with a focus on company news, starting with the deal that brought together two high profile players and pharma. Allergangreen to buy aboutsh and stock, worth 63 billion. It is seen as a good thing, and yet we see shareholders and allergan selling off about 14 . Is that an overreaction . Stocky lost some of their because i think they are going to spend a lot of money and pay a big premium for a company that has some of the same problems that they do. Big,are both dominated by older drugs that make up a huge portion of their sale, it looks like their next act is each other. It probably buys them some time to figure out what the real future of this combined company is going to be. It will throw up a ton of cash, they will get synergies. It will give them some flexibility. Caesars foruying 8. 58 billion, creating americas largest owner of casinos. The deal was backed by carl icahn, caesars largest shareholder, who have been pushing them to consider a sale. Carl icahn took a voting control of caesars with the express purpose of having the company sold. The company had gone through challenges with respect to debt restructuring, and this is the opportunity to combine with another company, which while quite smaller, has been adept at reducing costs and achieving synergies. The presumption is the company will achieve 500 billion in cost savings and will engage in substantial asset sales of 3. 6 billion to help make it feel feasible and profitable. H2o Asset Management is hemorrhaging money after he lost half a billion euros in four days, the biggest ever single day drop. Why are we seeing these huge outflow numbers . About ity is now is linked to illiquid bond securities tied to german financiers. What is interesting is at this h2os fund manager has taken aggressive steps to calm its investors, but so far they dont appear to be there are certainly questions around the quality of the assets, but what canangerous is investors pull their money in any time, and if you are an investor watching all this unfold, you might not want to wait for the surety that h2o may or may not provide. Trade is the name of the new unit, the trucking unit. They want to spin this off because they lacked value. In the first day of trading, down about 2 . What is your strategy in china . Are we going to see a lot more in china . Local joint venture . Fromu think the openness china to adding more Foreign Investors will increase . We see the potential for european trucks in china. Transportation efficiency is much higher than local production. By how much . It could be very successful. By how much do you see it growing in the next five to 10 . It depends on the market development, but there always growth potential. 2000, 4. 5 once in thousand, and it could be easily doubled or tripled. Its the third profit warning in a year from daimler, the automaker blaming a bigger than expected hits from diesel emissions, of course it has known about the scandal for a long time. The new ceo has only been in the seat for a year. He was left holding the bag. Whats the story . The problems have been happening for a while. The question is why are they coming. The last two profit warnings there were always different reason. Once it was trade, other times it was other emissions topics, theres always some sort of reason, and today it is the diesel scandal. After three profit warnings investors will have to take a look and ask if there something fundamental they are not seeing in financial disclosures. Ford is eliminating around 20 of its european workforce by the end of next year. This is the detail weve been waiting for from the original plan. Thats right. They started telling us in a piecemeal fashion that they are restructuring the european business. 1. 3 billionut over the past two years, and they were consistently losing market share in europe. Now they have told us they are in effect closing a number of plants and also giving us the actual number, 12,000 people, 20 of the workforce in europe. Top corporate story of the day, shareholders voted in favor of this is said to ease tensions somewhat with a partner as the company charts a path forward in a two decade old alliance. Forward, step governance is being dealt with and they talking about the dividend. Certainly. Investors have some aspects to be tiered about. They are moving forward, the governance changes were approved, the sun is moving good, and there were some noises made about the future of the alliance. At the same time there are still a lot of problems, a lot of questions went unanswered, there still a lot of trouble ahead. Tesla could be on the verge of a quarterly record for deliveries, so says elon musk. Despite the optimism he says the electric carmaker will need to go all out to achieve that. The Record Number a surprise . Maybe not. The record in the past was just in the fourth quarter. They did about 90,700 units. They have said that for this quarter they would do somewhere in the range of 90,000 to 100,000. In the grand scheme of things, this is consistent with what the company was hoping for this in sayingut obviously in his email yesterday to passively he also admitted they may came up if they failed to go all out. For boeing 737s max. Revealedthe plane have a new safety flaw, unrelated to to fatal crashes. Regulators are ordering the company to make additional design changes. How on earth did they miss this . Thats really the question. How are we at this stage in the game still finding out about new problems with the 737 . For me, it is more troubling that its not connected to the Software Flaw that has been tied to the fatal crashes its a separate issue and yet it can cause the planes nose to dive in a similar fashion to what we saw in those two fatal crashes. That raises even more questions for me about the fundamental design of the max. Is this sustainable . We know they shifted some things around to accommodate the larger, more fuelefficient engine, and then they had to put the Software Systems in place to make up for the change in the center of gravity. That to me puts more pressure on boeing to come up with a true successor to the 737 that is built for those engines designed from scratch to accommodate that. Fedex beat analyst estimates on earnings per share for the fourth quarter. The annual forecast trailed wall street projections in the ceo said he was disappointed with trade under the Trump Administration. Its a tale of two trends. One of them is the rise of ecommerce makes expects to make more money from ecommerce shipments next year, investing a lot of money to do it faster and more profitably. Whats dragging them down is trade weakness, and china is obviously a big part of their future, at least the way theyve planned it. Face islenge they could that its at least possible china could put them on a list of unreliable companies, which would damage their business at a are when both fedex and ups plowing money to be able to serve more customers in china and handle more traffic across the pacific. Hisresident trump, airing grievances about social Media Companies again today. The president took aim at facebook and google, claiming they have an antitrump bias, raising the possibility of the federal government filing suit. Shares in both companies dipped on the news before the white house announced plans to host a social media summit. We have heard this complaint of being anticonservative before, but what if any grounds could the u. S. Sue google and facebook . I think thats the background. Trump may be referring to the first formal steps of the federal trade commission and the Justice Department that has been taken to probing the big for alleged or possible anticompetitive behavior. The other thing i think hes referring to is increasing the scrutiny on them, in congress and in the agencies. Firm,er decade that the the man behind many of apples most iconic products, johnny ive, says it is time to move on. Iphone,ned the original the ipod, and ipad. What does it mean for apple . Youy husel worth reminded this hes a tiny percentage of the market valuation. The share price is about 1 of the market cap and a number of years ago the reaction would have been a lot more extreme. In the past two or three years we have seen apple really expand the emphasis they put on services. Itunes, the apple store, apple music, that has gained a far greater significant. That means the emphasis has moved away from hardware. The importance he now holds in designing these glass and metal driver oft the growth in the way it was a couple years ago. The description page here on the bitcoin futures. I think the key thing to think about when you look at bitcoin futures, for everyone future you control five bitcoin, and thats the ideal thing about margins. One speculator cost 23,000. Per margin, it cost you to bitcoin to control five. Its a volatile position. There are about 30,000 functions on the bloomberg, and we always enjoy showing you our favorites on Bloomberg Television. Maybe they will become your favorites. As we wrap up our look back at this week on bloomberg best, lets look ahead to an exciting event happening next week. The boston pops fireworks spectacular is the united statess largest and oldest public fourth of july celebration. Heres a look at the pops by the numbers. We will have exclusive, live coverage of the boston pops fireworks spectacular on Bloomberg Television and radio, starting at 8 00 p. M. Eastern, july 4. It will also be streaming live on bloomberg. Com, where you can always find the latest Business News and analysis 24 hours a day. That will be all for bloomberg best, thanks for watching. Im taylor riggs. This is bloomberg. Were the slowskys. We like drip coffee, layovers and waiting on hold. What we dont like is relying on fancy technology for help. Snail mail we were invited to a y2k party. Uh, didnt that happen, like, 20 years ago . Oh, look, karolyn, weve got a mathematician on our hands check it out now you can schedule a callback or reschedule an appointment, even on nights and weekends. Todays xfinity service. Simple. Easy. Awesome. Id rather not. I am emily chang in San Francisco and this is bloomberg technology. Apple moves manufacturing of its new macbook pro computer from the u. S. To china. The timing raising eyebrows in the midst of the u. S. China trade war. What signal is apple sending . Plus bitcoin breaks through 12,000. Optimism over facebook helping to push the cryptocurrency higher, despite regulatory pushback. Should investors be worried or