Cars. First, twitter says it has found and deleted more than 1000 fake accounts created by the Chinese Government used to undermine the hong kong protestant hong kong protests. Facebook said it also acted on a tip from twitter, finding some fake accounts. They say they will no longer accept advertising from state backed media worldwide. We are joined by a fellow from new america and in washington, brett, who set up the first tax first task force to counter disinformation in the white house. Sarah, what exactly do we know . Sarah they are finding these coordinated efforts from china trying to discredit the protesters, calling them violent, saying what they are doing is maybe backed by western resources, just trying to cause tension within the group. Emily twitter says it kicked off 936 accounts. Facebook, seven pages, three groups. We have statements from both companies. They said, overall, these accounts were attempting to sow discord in hong kong. Facebook saying, although the people behind this activity attempted to conceal their identities, our investigation found links to individuals associated with the Chinese Government. Twitter said the same. Obviously, it doesnt sound like a huge number of accounts. But an image can go a long way and have an impact on the world. What is your reaction to this given the work you did with russia and your reaction to media crises . China has been building over the last several years capabilities to influence domestic, regional conversations around sensitive topics. What has happened over the last several days based on the information facebook and twitter uncovered, they have chosen to weaponize those capabilities. Many felt china would hold back on some of those capabilities, let russia take the heat, but clearly, they feel threatened. They have not yet even begun to scratch the Surface Software china supporters that are backed by china are trying to influence these debates. Emily you are looking at some of these posts that they are saying were backed by the Chinese Government. It is not necessarily surprising given the army of internet mediators behind the scenes in china that we have reported on for many years, but there is some irony that facebook and twitter are blocked in Mainland China but not hong kong. This is classic Chinese State propaganda. The Chinese Government knows that they need to influence the International Perspective of what is going on. So they are going to where the conversation is taking place, facebook and twitter. Emily given the power that you are indicating the Chinese Government has, and the levers that they could pull, what are the longerterm dangers of this or longerterm threats of this, given that the u. S. Is going into another president ial election . Brett quite significant. The expectation many of us had was that china was going to wait and continue to develop and test some of these capabilities. We see the china daily paper. We have easily have on television. Yet, there is, behind all that, a well articulated strategy and one that china has chosen in this instance to activate. What concerns me is, if it is activated not only on hong kong, perhaps on other issues. South china sea, taiwan, let alone global issues, it would be devastating. China has capabilities that far surpass that of russia. They are able to combine not only this information capability but influence capabilities with the aid they give, with their trade and economic portfolio, which would be much more devastating both to markets as well as political conversations should they choose to go down that path. Emily brett just mentioned the china daily. What exactly does twitter mean when they say they are not going to take advertising from state run media . Sarah there is a big asterisk, which is that if it is taxpayerfunded media, bbc for example, or npr, those will be ok. But there are other organizations like the chinese newspapers you mentioned but also pressure today and others that would fall under this state backed media ban. It is a very small concession for them to make to try to say they are not going to allow propaganda essentially to turn into an advertisement. Emily there are obviously a laundry list of issues that the Chinese Government cares deeply about her it about. How do you expect this situation with hong kong to play out and the longerterm situation of how the Chinese Government utilizes power to shape not just Chinese Media but international media. Frankly, the Chinese Government does not want to send in the military. Using tech aches like techniques like misinformation, mass propaganda using techniques like misinformation, mass propaganda, is a better route than the Chinese Government saying, we have lost the hearts and minds of the Chinese People so we had to send in the security forces. I think that is what they are hoping rather than a full on mobilized security forces. Emily it certainly doesnt look good, these revelations from facebook and twitter. Given that we are in the middle of a trade standoff with china, what do you think the appropriate response is from President Trump, the white house, in response to these revelations in the midst of obviously a complicated ongoing situation with hong kong and a trade war. Brett lets remember, for the past 2. 5 years, the u. S. Government has done very little to tackle this problem. There was a reluctance on the part of the trumpet ministration administration because of the president the Trump Administration because of the president s own sense of illegitimacy when it came to the Russian Operations in the 2016 election. We have really fallen behind when it came both to tracking these kind of issues as well as the response. Weve got to play catchup, got to do it quickly. To my knowledge, the resources that people have are paltry. It is really just superficial to say that we are doing something. I hope that this most recent issue raises some alarm bells on capitol hill and people are pressed to do more. Emily ok, brett, former durham former director of engagement at the white house. Armor director of engagement at the white house. Sam, sarah, thank you. Lyft shares experiencing volatility monday after the first lockup period expired, meaning some were able to sell for the first time. Shares dropped right after the open before bouncing back. Lyft estimated over 2 million of 258 million of these shares may have been eligible today. Coming up, another lifeline for huawei . The u. S. Easing sanctions for another 90 days. This is bloomberg. Emily on monday, commerce secretary wilbur ross announced that the u. S. Would have abutted extend unlimited protections to prevent a ban on huawei. The extension would last 90 days. Ross further explained how some Telecom Companies in the u. S. Are dependent. What the announcement does not address is the Wider National security concerns and it doesnt answer the bigger question of whether u. S. Chip companies or other major suppliers will be able to sell parts in china. With us, a channel a China Digital economy fellow. Some of the rural carriers we are talking about, Eastern Oregon telecom, these are companies that supposedly would be crippled if they could not continue to buy parts from huawei. What do you make of this announcement by secretary ross in the midst of trump himself saying, over the last couple of days, that he wasnt interested in a reprieve. There was drama even late last night where kudlow came out and said we would do the rollover, then trump tweeted and said, wait a second, we are not. These temporary general licenses have almost been expected to rollover. It would be disruptive not only to Rural Networks but also because you could get updates. You couldnt get security updates. I think it was expected that there would be a rollover. Now the question was, what will be the resolution if any to what is shaping up to be an impossible dilemma over what to do about huawei. Emily huawei itself wasnt particularly impressed by this. What are they saying about how much this helps them given that there are still so many outstanding questions . Mark the u. S. Is an important market for any Technology Player that wants to be relevant. Apple goes far beyond the United States and huaweis ambitions are to go far beyond china and the asiapacific. It actually just proves its point about how vital the networking business is across the world. This issue, like some of the others the administration is pointing to, there is a point where it starts hurting the u. S. Itself as well. Emily it has become almost impossible to separate huawei from the trade war. China has said that they are going to prove going to prevent certain u. S. Companies or Foreign Companies from doing business in the u. S. As well. In china as well. This has been happening for a long time. Facebook and twitter havent been able to operate in china for almost a decade or more. How do all of these pieces sort of fit together in the broader narrative as the u. S. And china try to hammer out a deal. The answer is that these pieces dont fit together. There are competing and games for what this administration is actually trying to accomplish. You have a growing number that want to kill huawei as a company globally and significantly weaken it in china. You have others like trump who want to use huawei as leverage in the trade deal. Extending the temporary licenses buys the administration more time to figure out how to square the circle on something that doesnt work. Market access for u. S. Firms in china has been a long issue. This is about how we create a level Playing Field when we are talking about a very complex Regulatory Environment that favors domestic companies. If huawei the right bargaining chip . I would say it is not. Emily late friday, we had a surprise tweet from the president saying, having dinner tonight with tim of apple. They will be spending lots of money in the u. S. Great after that dinner, the president told reporters some of what they had discussed and that tim cook was making an argument that the tariffs give samsung an advantage. What more do we know about the conversation between tim cook and President Trump . Is this likely to sway the president to not put tariffs on apple and other products . Mark tim cook has been meeting with President Trump and his administration for plenty of time, so this is a purely business meeting. It is cooks responsibility to do best by apple shareholders and his company. You have the tariff situation and tim cook needs to do everything to avoid this. They are going to put us at a disadvantage to a south korean company. One could think that is a fair argument. President trump seems to think that was a good argument. On the other hand, apples products are. Very expensive. Theres a way to sort of meet in the middle. Apple is able to take in a 10 tariff without much of an impact on its bottom line if it is willing to suffer a little bit of a margin hit. Emily we havent gotten a statement or readout on the meeting from apple but we should wait and see. The deadline for the tariffs to start is september 1. That would hit potential iphone tariffs coming in december. Thank you both. Coming up, finding a common foe. For trump and tech, it is french president macron. Why they say no way to frances new digital tax. We are livestreaming on twitter. Check us out technology. This is bloomberg. Emily one of the largest Cryptocurrency Exchanges wants to compete with facebook. The exchanges looking to partner with other exchanges and governments to create new Digital Currencies to take on the social media giants digital coin libra. They want to create a regional version of libra. A rare moment of unity between the Trump Administration and tech titans. The subject of their ire is a new digital tax. They just wrapped up testimony before government officials, calling on france to end its Digital Services tax. Joining us to discuss, Bloomberg Tax reporter laura davison. Join us talk to us about the motivation for the tax. It is not just u. S. Companies. There are also french companies, british companies, Chinese Companies. Laura basically, the tax applies to any Large TechnologyCompany Operating across borders. Google, amazon, facebook are upset because it seems to them that the tax was designed to just hit these Big American Companies and exclude some smaller european companies. They are quite angry at this and saying this taxes is committed discriminatory against them and saying others considering this are looking to go after u. S. Tech companies without taxing their own companies within their borders. Emily u. S. Companies have been pushing back along with the u. S. Administration. A spokesperson for a trade Group Representing the Tech Industry said, our members are concerned with the tax, specifically against successful american companies. The tax will disproportionately harm some of the most Successful Enterprises based in the United States. Tech giants made the argument that it would be difficult and costly for them to collect the data necessary to pay this tax. Can you explain that and do you buy the argument . Laura basically, instead of where you book the income to pay the tax, it is where the user is. Facebook says, we track where our users are generally for business purposes but not for tax purposes. As an american, we are in france and we opened up facebook on our phone and saw an ad, that would technically be taxed but they are not tracking that movement. A french person checking their social media account would fall out of the bucket. It gets very complicated for facebook and these Tech Companies to be tracking whether users are as well as where their advertisers are at all times. Emily how much could it cost these companies . Laura they have been really shy about getting specific they have said millions. It is going to be a costly endeavor. Particularly if Different Countries start adding on slightly different versions that have different requirements. It could be a technological as well as a monetary nightmare. That is why they are sort of banding together with the help of the u. S. Government to say, look, can we come up with some broad solution that is global . There are talks ongoing at the g7 this weekend and they will be more talks. Emily is there any sign of the french government potentially relenting given the threats from President Trump . Laura he said he wants to put a 100 tariff on french wine, maybe other goods. In a tweet not long ago, he was saying that American Wine is so much better than french wine. The french government so far as seemed undeterred. That is a good negotiating tactic for them as well, to wait until the u. S. Comes to the table. Here is the time that we can actually sit down and talk. Emily i know you will continue to follow that one, thank you for the additional context. Coming up, next time you go on a road trip and call shotgun, alexa may be able to reserve you the front seat. Amazons journey into your car, next. This is bloomberg. At comcast, we didnt build the nations largest gigspeed network just to make businesses run faster. We built it to help them go beyond. Because beyond risk. Welcome to the neighborhood, guys. There is reward. Beyond work and life. Who else could he be . There is the moment. Beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. Take your business beyond. Emily this is bloomberg technology. Im emily chang in san francisco. Lets continue to look at the u. S. Versus huawei. Huawei off the hook for another 90 days, according to wilbur ross. A limited set of exemptions to be granted to Telecom Companies that are dependent on huawei, but the question on whether u. S. Chip companies and other suppliers will be able to sell products to huawei. To discuss, Sarah Mcgregor who leads economic coverage, coverage of u. S. Economic policy for bloomberg joins us now. We are talking about rural mobile networks. How much does this reprieve actually helped huawei . Sarah according to huawei itself who a statement today, this really does not help their business a lot. They still see the blacklisting of the company as an unjust move, as they put it. The Trump Administration gave this 90day extension which really was an olive branch to u. S. Companies that do business with huawei and the consumers who use those networks or smartphones where that reprieve will be necessary to keep those things going. In addition, the Trump Administration added 46 more affiliates of huawei to the blacklist from all over the world. It offered this small reprieve, but it piles the pressure on huawei more too by adding those affiliates to the blacklist. Emily now, continuing mixed messages from the president and the administration, the president saying he was not so excited about a reprieve for huawei. Over the weekend, talking