Sunday will mark the next escalation in the trade war between washington and beijing. 15 import taxes on about 120 billion of chinese imports. Whether either side might be getting ready to blank. My discussions with chinese and american friends and china is looking more and more alike we are not any closer. It seems that china has begun to hunker down. China has waited this out, and china thinks that they can weather the storm more easily than President Trump or americans think they might. China is beginning to look for other markets for their exports and they are doing a pretty good job doing that, so it is the longer haul. There is also a sense that it is becoming more political than economic. President trump might be timing potential deals closer to the election rather than earlier. That is the next couple of three weeks. People are starting to adjust to all of the changes. The trouble is there is still in immense uncertainty. With the inability of putting a deal together is creatin
We welcome you and respect your right to be here. We also asked in turn for your respect as we proceed with the basis of the committee today. It is the intention of this committee to proceed with this hearing without any disruptions. Any disruption of this committee will result in the u. S. Capitol police restoring order. Now listen up. This is very important. If a disruption occurs, a Capitol Police officer will go up to the individual and instruct that they seize the demonstration. If the person does not cease or begin the demonstration after the initial warning i the officer, the individual or individuals will be removed from the hearing room. We are very grateful for your presence today, and we very much appreciate that you want to listen to the witness, but we also ask you to respect the witnesses ability to express himself. I would also remind all members to avoid engaging in adverse personal references. I now recognize myself for five minutes to give an Opening Statement. Big to
Find out their plan. Plus, more of my exclusive interview with uber ceo. We will get his take on driver and why he believes we need to redefine gig economy. Sunday will mark the next escalation in the trade war between washington and beijing. 15 import taxes on about 100 120 billion of chinese imports. Whether either side might be getting ready to blank. Chinesescussions with and american friends and china is looking more and more alike we are not any closer. It seems that china has begun to hunker down. , and has waited this out china thinks that they can weather the storm more easily than President Trump or americans think they might. China is beginning to look for other markets for their exports and they are doing a pretty good job doing that, so it is the longer haul. There is also a sense that it is becoming more political than economic. President trump might be timing potential deals closer to the election rather than earlier. That is the next couple of three weeks. People are st
The movement against the extradition bill. The chief executive in definitely postponed it, but not withdraw it. Many protesters say it was not enough. They wanted the chief executive to not only apologize, but withdraw the bill. But she says that they will not consider it until at least through the rest of this year. Protest organizers say they are angry and are calling for people to come out. Already, we are seeing families coming out the starting to fill up part of the square. Many of them are carrying white flowers, which some flower vendors are selling around the subway entrances in support of the one protester who did fall to his death late yesterday after climbing scaffolding. There was quite a press conference that we saw yesterday. Thane lam spoke for more one hour. When asked about if she was to resign, she was quite defined on that regard. Defined on that defiant on that regard. Ed absolute stephen absolutely. If she repeatedly asked would resign and she dodged the question a
Firms ceo. And congress probe into big tech kicks off the discussion on how facebook and google are challenging the news industry. We will hear from a top lawmaker who does not think big is necessarily bad. But first, to our top story. Apple has a backup plan if the u. S. China trade war continues to escalate. The companys manufacturing partner says it is able to make all iphones bound for the u. S. Outside of china if necessary. This group now makes most of apples smartphones at its chinese factory. Our bloomberg tech editor joined vonnie quinn with the details. Alistair this is an executive who was talking to investors and other people in taiwan, and our reporter in asia, debbie wu, was there to listen. This is more of a plan. They did not say apple asked foxconn to do this yet, but he was saying they are very capable of doing it. It has raised a lot of questions. We spoke to an analyst over here who looks at the smartphone industry, and he was saying that actualre talking about fina