Lets look at the boards. S pralia, new zealand, downgrading the outlook for australia to negative from stable. Open toand, increasing qe. Looks like they are willing to extend bond buying. The csi 300, still a little bit of pressure after the threeweek highs we reached yesterday. The nikkei, pretty much flat now. Like investors were taking this state of Emergency Declaration in stride. Saying we could be a very good chance of hitting a bottom. Watching currencies. Seeing so many go back to the yen. The rupiah just coming online. We have learned that jakarta ordered offices to close. They are also banning gatherings. The offshore renminbi still seeing a bit of weakness after we did see some strength. Yield, chinese 10 year we certainly saw the yield at 2002 lows. Tom now lets focus on the lockdown in the original epicenter of wuhan, which has been lifted. The situation is still far from normal. Complex restrictions are in place and there are fears of a second wave of infections. Darren
Charges against huawei including conspiring to steal trade secrets we have from the need for caution in considering license applications the u. S. Continues to have Major Concerns about way this comes as america heightens its Global Campaign for its allies to ban wall was equipment into their next generation of 5 g. Networks but just weeks ago in a blow to the United States u. K. Dismissed terms claims and they said that it would allow always 5 g. Into the country at least into its nonsensitive parts. We for us at least the. People of this country the consumers. They will. Want you to whatever. Does your family who. Are Critical Infrastructure security. Are. Working together with other. Cars right. Now despite the u. K. s decision the Trump Administration is now moving on to warning germany u. S. Ambassador to germany Richard Grinnell said President Trump personally called him to make clear that any nations who chooses to use an untrustworthy 5 g. Bender will jeopardize that u. S. Inte
The United States is saying that they have proof have you or wall anyone from always been presented with any evidence was interesting the u. S. Government says that the declassified the information so we welcome the opportunity to see what the evidence is but we really have to look at this in the broader context of the ongoing geo political dynamic between the u. S. And china the u. S. Has some major issues with china and right now the u. S. Wants to hurt china so badly that theyre going to hurt america in trying to hurt wall way and thats really a shame it is and right now the trump ministration is trying to move forward with these chip regulations to block shipments from the Worlds Largest contract chip maker taiwan t. S. M. C. And thats always one of big always biggest chip suppliers so its all even prepared for Something Like this to happen there weve been very working very hard on this socalled plan b. I got back from some very intense meetings in china more than 2 weeks ago and s
Committee of the key parts of the company in the United States to try to assess and manage and control risk and help support our overall ethics and compliance programs to make sure we protect huawei and our customers and we continue to do business and manage the cybersecurity risk. Host what is huawei legal and commercial status in the u. S. Right now . Guest is a moving target. National Defense Authorization act and we have rulemaking pursuant to executive order and right now we cant sell to the u. S. Government and cant sell to the u. S. Contractors and there is pressure for our small carrier customers of wireless and wireline customers to rip out huawei gear so there is legislation depending that would provide funds, not adequate or provide sufficient time that would give the money to rip out huawei equipment . Is a difficult situation and although not official u. S. Government has basically blocked the american carriers att verizon from selling our mobile devices. Host why do you t
Week on the communicators. Mr. Purdy, what do you do for huawei as chief Security Officer . Guest my primary role is interval although ive been doing more extra things in the last six to 12 months but my responsibilities have to do with sharing a committee of the key parts of the company in the United States that tries to assess and manage and control risk, help support our overall ethics and Compliance Program so we can make sure we protect huawei, protect our customers and continue to do business and manage cybersecurity privacy risk. Host what is huaweis legal and commercial status in the u. S. Right now . Guest its kind of the moving target. We have National Defense authorization act. We have pending rulemaking pursuant to an executive order. Right now we cant sell to the u. S. Government. We cant sell to use contractors, and theres pressure for our small carrier customers, wireless and wireline customers, to rip out huawei gear. So theres legislation pending that would provide fun