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Moving forward. meng is due back in court today. at the same time, two cases against huawei are unfolding in u.s. federal court. huawei pleaded guilty last week with charges it tried to steal secrets with t-mobile. meng has been charged in that case. she and huawei have, of course, denied the charges but the trade deal still on the minds of investors. here's what economic adviser larry kudlow said to fox news. a multilayer enforcement process that at least for now says if china doesn't live up to its agreement, we have the right not only to keep tariffs, but to raise tariffs, and they will n...

Wa she was trying to evade sanctions from iran. she is ceo of huawei, one of the largest smartphone makers. she was arrested in canada on a u.s. request. china has called for her release. this case has rattled global financial markets because it could complicate are are or eve trade talks between the u.s. and china. let's talk more about this now with greg swenson, he is a wall street veteran and of course has been monitoring this with a firm grasp on local trade issues. let's talk about what we're seeing here just to get your first impressions. what do you make of these charges against meng a...

Little bit odd that this is coming right after -- or actually the same day that president trump is meeting with xi at the g-20. so interesting timing, but my hope is that enforcing laws and negotiating a trade deal are not necessarily incompatible. >> the timing is key here. it is sir consucircumspect for happening at the time of these trade negotiations. officials say it is pure coincidence, but what do you say to that suggestion that meng could be used as a bargaining chip? >> it might be. it is impossible to really state with any certainty whether the timing was deliberate or not. this issu...

>> look, the united states has to take a very strong position on this. this has been going back to actually the obama era in 2016. you had the commerce department starting to investigate huawei because of concerns of intelligence theft and possibility of spying and this type of thing. we have no choice but to try to get to the bottom of this. now, it is really high stakes stuff. you've seen the havoc that's been wrecked on the stock market and fears if this isn't resolved in a way that has the countries -- we just had a truce that received t seemed to have been worked out at the g20. that seem...

Also, how does this sit globally? >> globally this sits very terribly. for all sides considered. we've seen the pressures already rgoing through the stock market. it shows signs of possibly getting a lot worse. there's calls that this may be the beginning of unraveling of things leading to a recession because the two greatest economys in the world can't get along and they're at this terrible impass and there's no way out. arthel: we have to leave it there. meng said she would put her property up as collateral, she would surrender her chinese and hong kong passports. it's so complicated and sof...