Youtube kids, a problem. The vast majority of children are not watching. The Smartphone Market taking a huge hit in the trade war. Apples iphone could be seeing weaker than expected demand, especially in china, and huawei gave a doomsday estimate for smartphone sales. The company is ready for a drop of up to 60 in International Smartphone shipments. The huawei founder expects to slash revenues by 30 billion over the next few years. International shipments that go outside of china account for about half of Huawei Smartphone sales, and that is a chunk. He talked about the revenue hit. They dont want to resort to mass layoffs, they dont want to sell off parts of the business, and they dont want to reduce research and development spending. People close to the situation tell me they have been looking for that dropoff in smartphone sales. This is something weve been talking about, talking to partners, customers across europe, saying theres a dropoff because people dont know what will happen in this company and what does it mean to me if i cant access Android Services and products on my smartphone . It is a big deal in europe, which was a big growth driver for them outside of asia. Emily huawei sales account for about a third of the Smartphone Market. Could they make up the shortfall in china . Mark it is possible. If we believe people in china will stop buying smartphones and products from american companies, those sales will have to go somewhere. It is possible huawei could pick up a little bit in china but i dont think the differences will be too drastic. Emily meantime, you have a number of analysts coming out with grimmer outlooks on iphone sales, not just because of china but seemingly globally. What are they saying . Mark theres a lot of speculation, not only because of trade war with china, about iphone sales, analysts and investors not being us optimistic. Apple used to come out with a big iphone redesign every two years. But we have seen in the last few years, the changes yearoveryear have not been that dramatic. What we will see for the new iphone coming out is a design the same as this year and the one before that. We are talking about the same as 2017 and 2018. Software updates are available to more and more older devices. The combination is not lethal to apple but it does pose a longterm challenge. Emily obviously there is the greater Economic Uncertainty that is affecting the entire Smartphone Market in general. Tom the trade war is taking a toll, and you are seeing in different ways. Chipmakers, their products. Theres concern about the 5g rollout. We are on the cusp of this massive technological upgrade where we will have this ubiquitous internet service, the internet of things. Huawei is a big provider of that equipment. To the extent that you will see people cutting back on purchases of huawei gear, that slows the rollout of 5g and of services, hardware, other things that will be accompanying that rollout. Emily interestingly, mark, as you reported, apple wasnt planning to reveal a 5g iphone this year. Huawei is the leader in 5g. Couldnt that have given huawei an edge in the market . Mark thats a good point. Apple is one of the biggest phone makers in the world so apple not coming out with a 5g device is going to mean that some components makers, partners, arent going to rollout new things to be competitive with 5g until apple is there. I think this whole 5g push will be an even bigger deal in 2020. , 2021. Emily huawei was planning to unveil a foldable phone this month. They have delayed that seemingly because samsung has delayed their foldable rollout due to issues with the screen. Mark huawei was planning to launch a foldable phone soon but they saw how samsung essentially embarrassed itself by launching a phone worth 2000 that by removing the Screen Protector can damage the phone. Huawei is taking a different approach, waiting the extra few months to see if they can mitigate any problems, probably using the next few months to put it through further testing, and then they will not launch the device until it is ready. Emily all right, lots to continue to follow. Bloomberg techs mark gurman and tom giles, thank you. A new china region chief. Stanley chen, former general manager of google in taiwan will take over running operations in china. Google takes in about 15 of its revenue from the asiapacific region even though it pulled its Search Engine from Mainland China and 2010. Coming up, Companies Looking for a backup plan for the trade war. Intel ceo bob swan looking at the Global Supply chain. If you like bloomberg news, check us out on the radio, the bloomberg app, bloomberg. Com, and in the u. S. , on sirius xm. This is bloomberg. Emily intel is reviewing its supply chain amid growing uncertainty with the u. S. China trade war. In an interview sunday, ceo bob swan said he is encouraging both companies to engage in dialogue to mitigate tariffs on phone companies. Bob we have a lot of customers there, a factory there, lots of brilliant engineers in china. It is a good market for us. Weve been focused on encouraging the governments on both sides to engage in constructive dialogue. We do not believe tariffs is an effective way to drive global trade. That is where we think we can have some influence. We obviously dont have control. What we try to do with our customers and partners is try to mitigate any consequences of tariffs that could be in place that impact the free flow of goods around the world. Our customers need product and some of our Global Customers have big Assembly Operations in china. We need to work constructively with them to mitigate these implications. Your peers like google, starting to shift production out of china, apple with some kind of plan b in place, intel isnt considering in the back of your mind a backup plan should something happen to shift some of the production out of china . Bob in light of tariffs, we need to think through with our customers and our own operations how we mitigate the effect that tariffs or anything else could have on our businesses. Higher tariffs ultimately end up in higher prices for consumers around the world. We work to mitigate those. You are not there on thinking of shifting anything out, or you are not worried about a backup plan. You are focused on mediating . Bob no, i think there are multiple things going on. We are working with the governments to encourage them to get to a resolution. Secondly, weve been working since the tariffs started last year both with our manufacturing operations as well as the Assembly Operations of our customers. Weve been working to mitigate the impact for more effective ways of the movement of goods around the world so our products will be more expensive will not be more expensive at the pointofsale. What does it mean, mitigate . Bob products assembled in china and shipped to the u. S. Means, how do we move goods . Sometimes our customers move their operations. Less product coming from china to the u. S. That will be subject to tariffs. Mitigate means at we work with the Global Supply chain to reduce the impact of higher costs arriving at consumer shelves . So that does involve some moving around . Bob absolutely. Moving on to economist cars. To autonmous cars. Today, i think you took your third ride in the Autonomous Car and tried a new system that will be part of a ridehailing service. What are your thoughts . Bob i went on the streets of jerusalem, traffic going both ways, the on and off ramps, people walking across the street, and doors opening. To watch how far mobile Eye Technology has come. The gentleman behind the wheel that took me on the drive, not once did he have to put his hands on the wheel. The most impressive thing is to see how far they have come in each one of the successive drives i have gone on. Intel announced i believe last year that they plan to rollout a ridehailing service. What is going on with that and when can i hail down a cab . Bob last year, we announced with volkswagen and champion motors that volkswagen would build a car, mobileye would build the Technology Inside the car, and champion motors would help assist with the Technology Inside the car to bring the services here to israel in the 2021 timeframe. We are extremely excited about what that means about bringing safe security to address two fundamental problems on the highway in jerusalem, traffic and safety. We think we are going to the able to deploy Mobility Service over time here and then expand to the rest of the world. Emily for more, i want to bring in bloombergs ian king. First, what he said about china. How big a hit will this trade war be for intel in particular . Ian intel is one of the companies absolutely in the crosshairs here. China is the largest market for computers, semiconductors. What he was talking about with mitigation is basically stopping that china to u. S. Import, or minimizing that as much as he can. Intel has plants in this country, assembly and china, devices it is going to in china. It is really difficult so that is why he kept saying, we are looking into it. Nobody knows the answer. Emily are they able to redivert, redirect . Ian a lot of what goes on in china cant easily be relocated and why should it be if a large part of your market is in china as well . Emily robo cars, how important could this be to intels business . Ian mobileye has been a bright spot for them. It is something they have spent a lot of money on. A lot of cars on the road with mobilEye Technology. At this point, it is still a relatively small business, still only a few hundred Million Dollars per quarter. Emily if these cars take 10 years to get to market, then what . Ian that is the overall concern not just for intel. Is this market going to develop as fast as they want it to . Emily how are their efforts in self driving cars compared to other chipmakers . Ian they are on the road. A lot of other companies right now are talking about test programs. Intel got in early, the drivers assistance level. They are generating data, generating experience. In that sense, they are ahead. Emily bloombergs ian king, thank you for that extra context. Coming up, amazon is sharpening its approach into the 130 billion videogame industry. And bloomberg tech is livestreaming on twitter. You can check us out technology. This is bloomberg. Emily apple ceo tim cook gave the commencement speech at stanford over the weekend. While he discussed the virtues of Higher Education and stanford in the tech community, he also doubled down on his critique of some of the biggest issues facing big tech right now. Tim every data breach, every privacy violation, every blind eye turned to hate speech, fake news poisoning our national conversation, miracles in exchange for a single drop of your blood. Too many seem to think that good intentions excuse away harmful outcomes. Whether you like it or not, what you build and what you create define who you are. Emily meantime, at a time when most tech giants are jumping in to the videogame industry, amazon is finetuning its approach. According to the wall street journal, amazon laid off several dozen employees to its division that develops video games. It is struggling to develop a blockbuster game of its own. Many people may have not quite realized that amazon is working on its own Blockbuster Video games. What happened here . Matt they have been developing a couple of games internally for several years. A lot of those are sticking out into beta but none of those have been fulltime releases. I think they see value longerterm in cloudbased game streaming but they also understand, to be successful, they need exclusive content, so they are trying to build out their own content so that when cloud streaming is real, they will be able to compete in that market. Emily how significant are the layoffs . Matt probably insignificant. In the videogame industry, for every game that gets released, there are probably a graveyard of dozens that never get seen. This is just the nature of the creative industry. You have a lot of projects and you have to cull them early in development if they are not going to be successful commercially. Emily we know that amazon bought twitch. How has that been going and how does that fit into what amazon is trying to do . Matt they havent architected what they are trying to do. It is still the biggest livestreaming form for gaming. I think that they will basically make it a way where you can buy games while watching somebody play and then jump right into them. Google is trying to do exactly that with stadia and youtube gaming. Amazon is in a good position because they have the eyeballs on twitch. Over the next few years, amazon and google will try to take a slice away from microsoft, sony who control the console industry. Emily even if they havent exploited it, how much of a relative position is amazon and compared to google working on a streaming service, apple, sony . The competition landscape is going to change dramatically in the next couple of years, isnt it . Matt content is king. I think the game makers realize they will not make the mistake that the video creators did. Theres a scale economy, they can games that are so much larger. Aaa games have 100 million budgets these days. The scale to create great games and have the content and developing teams, microsoft and sony working together will probably win the cloud. Emily do we have any idea what kind of games amazon is working on . Are these like firstperson shooters or the farmville or angry birds . Matt there are more firstperson shooters. One is like a civil war era game. The games that allow you to live inside that environment are the ones that have the staying power. They want to engage with the social element they have with twitch, for sure. Emily thanks for weighing in. Coming up, money gram and ripple have reached a deal. Will it bring the cryptocurrency that much closer to the mainstream . And youtube kids video site has a problem. Kids are leaving. Why they have struggled to hang on to younger viewers. This is bloomberg. Emily this is bloomberg technology, im emily chang in san francisco. Is bitcoin getting a facebook bump . The crypto currency crossed the 9,000 mark, coming as the world awaits the launch of facebooks own Digital Currency this week. Ripple has Just Announced a partnership with the Global Payments provider moneygram. It will let ripple serve as a cross border payment and Foreign Exchange settlement option for moneygram. To tell us more, ripples c. E. O. Is with us, joining us from ripple h. Q. In san francisco. Good to have you back with us. Moneygram owns about 5 of the global remittance market. How will this deal work . Brad emily, its great to be back, thank you. The deal is a big step i think for ripple but even a bigger step for the overall industry. As you know well, theres been a lot of excitement about around what blockchain and crip toe can and crypto can mean for the industry. We havent seen much beyond experimentation yet. We are the Market Leader because we have matured agressively and are solving real problems for real customers. Moneygram is just the manifestation of that as the second Largest Global remitance company were able to have a big impact with one customer and one partner in this emily as i understand it, Western Union tested ripple but it ended up being more expensive than its current network. Is moneygram saving money by using ripple . Brad what Western Union said, theyve been around for decades they said in our beta time, the time the product hadnt launched they said we matched the efficient soif what they were already optimized my view is theyd spent decades getting to an efficiency we matched with a beta product, i was pleased that Western Union could come out and say we are already as good as their decades they had invested in building out that capability. With moneygram we know out of the gates we can make their system much more efficient. And the key reason is today both Western Union and money gram, they prefund accounts around the world so they can make payments. So moneygram and Western Union have negative working capita what our products allow the companies to do is not prefund and just shoot payments in realtime. Thats a massive savings in terms of efficiency, not just in terms of what is the cost and f. X. But the capital cost. Its a dormant asset when you prefund those, sitting there waiting for people to make payments. Thats the transformational thing that xrp is an extremely efficient Digital Asset allows for the asset. Emily how much equity did ripple get in this deal . Brad we committed to invest up to 50 million. Well end up owning between 6 and 10 of the company. They decide how much of that 50 million they want to call down. At close theyve called down 30 million at a price of 4. 10 per share. So were excited to be shareholders because we think that actually its been an undervalued asset. As you may know, a company tried to buy moneygram a year ago, blocked by cfius. But we think its an undervalued asset in the overall landscape. We couldnt be more excited to have a shared vision of how this can work. Emily a potential blocked by the u. S. Government. Do you have plans tie to the tie to gain share in other existing Money Transfer services . Brad whats next for us is to continue to build out and expand the number of corridors where we are today. We work with over 200 banks and Financial Institutions today. If this new product, were enabling liquidity into the mexican peso and the philippine peso. Weve only been live for six or seven months. We want to expand the number of corridors we support globally. Emily facebook, we believe, announcing crypto plans tomorrow, theres broad speculation it within some sort of crypto currency that can be used internally within facebook walls to make payments on facebook and within facebooks other Services Like instagram. Whats your take . Brad i think its incredibly positive signal to the overall blockchain and Crypto Market to have a player like facebook leaning in. Theres been a lot of skepticism in the origins of crypto coming from an antigovernment, antibank point of view, to see major industry players lean in and participate in the market is a positive for the overall market. It will be interesting to see what part of the market they focus on. David marcus has been an incredible leader. Well see them do something very consumery oriented, part of the payment system. But i think its, ill be watching alongside everyone else to see what they decide to pursue. I think what ive heard is the technology isnt quite ready to go live. Sometime in 2020 theyll be out there actually deploy thafplgt deploying that. For me what moneygram and the stuff were doing today is the key difference. What can we do today with these technologies to solve problems. Its been hard for the people following this industry to separate what is noise and what is actual real and pragmatic today. Emily that said, do you have any concern that what facebook will unveil will make ripple less relevant . Brad i dont think so. Facebook is a consumer oriented company. What ripple is doing is enterprise infrastructure, intersecting various Payment Networks around the world. Were working with some of the biggest banks around the world, small payment providers, providing that interoperability, as opposed to solving within a network kind of problem. Its very different than what they what i expect theyll be doing. Emily well be covering this and i know youll be watching. Thank you so much, brad, for stopping by. Bhoings c. E. O. Said he expects the 7 7 max jets to return to the skies by the end of the year, possibly with a new name. They talked about plans to fix the jet, working with leg reg with regulators to get them recertified for air and when theyll actually fly again. First thing is we are very, very focused on safety. Thats our paramount focus here. Thats the tone for the entire show. We are making good, solid progress on bringing the max back up, working through the certification simulation flight this is week, we hope to schedule the flight test, certification flight shortly and get the airplanes back up in the air. All of this is being done through the lens of safety. Well take whatever time is necessary to make sure the airplane is safe. 2019 . 2020 . Its something we expect to happen before the end of the year. Were making good, steady rogress but i dont want to give you well take the time necessary. Could be 2020 . We expect it to happen this year. This is a more for rogue thoroughs a more examination of the aircraft . Were working with regulators around the world, f. A. A. , chinese authority, brazil, canada. About two week ago, the f. A. A. Hosted a multiregulator meeting in dallas. Its important we do this in a disciplined way. You keep emphasizing the thorough. Are the regulators going further in than you would have expected initial fi hi . I think were going even deeper than normal. I think thats good. We encourage that were looking at every dimension of the max, the Software Update were making. But only the airplane itself, also the training and education materials theernled endtoend design certification process. Its a holistic effort. I see grow grohing convergence see a growing convergence between the regulators , a lot of questions were answering. Detailed work on certification. Were encouraged by the collaboration between the regulators and were seeing growing convergence between. Do you think the aircraft will fly first in the u. S. Or in europe or the same time . I think theres an opportunity to do it together. I know the f. A. A. And yasa are having meaningful discussions. Were going to support whatever the regulators want to do. You think theyre getting closer together, not further apart . Is is there a gap between where the f. A. A. Is and others . Theres some work to do but the trend is theyre converging. That alignment adds strength. What about the chinese regulators . Theyre part of the discussions as well. If i look across at regulators around the world, i see convergence across the entire group. Im encouraged by this that progress. Our focus remains on safety. Emily coming up, youtube spent the last year growing resources, improving child safety. But is youtube kids any more kid friendly . Well discuss next. This is bloomberg. Emily elon musk took to twitter to say he was deleting twitter. He said i just deleted my twitter account, less than two months after ending his legal battle with federal regulators over his unpredictable use of social media. He changed his twitter handle to daddy. Com for fathers day. But as of now, his account appears to still be there and back to his original handle. Youtube kids was meant to be a safe place. Not many kids using it are sticking around. According to several youtube staffers, most children using the kids app shift to the main site long before they hit 13 where they risk being exposed to inappropriate content. Joining us is doug clinton and bloombergs lucas shaw in l. A. How many kids are actually using youtube kids . Lucas youtube says more than 20 million. Thats not an exact number you have to figure if it was more than 30 million or more than 25 million theyd say that. There are two billion people who use youtube every month. Then if you look at some of the most popular channels that program for kids there are those with larger audiences or larger subscriber bases than the entire audience for youtube kids. So what are the trends in viewership . Are the kids using it sticking around . Are they going to watch netflix . What are they doing . Lucas its more popular among the 27 demographic. Thats when parents can exercise a great deal of control over what their kids are watching. So you have that 8 or 9yearold who wants to be like her older sister, her older brother and wants to, the person who would watch the real world when they were 10 years old and probably shouldnt have. Most kids who do watch it watch it when theyre really little, when parents are exercising control. Once they get to a certain age they graduate to regular youtube or theyll watch netflix or something else. Theres no shortage of places for kids to find program right now, youtube is the number one destination. How big a problem is this for youtube given that youtube kids is a small piece of the pie . Doug its a meaningful part their business in the hundreds of billions of dollars. I think one of the challenges that youtube kids in particular has is as you sign up to use that particular product, you actually can only bucket your content into two buckets. Either you say your kid sunday 8 under 8s or your kid under 12. And i think when you talk about having kids use the product after age 7, the types of content that kids want to watch when they get older and older involves much evolves much more quickly than the buckets youtube kids offers on their plalt form today. Emily what is youtube trying to do about this . Youtubes approach to kids youtubes approach to kids is similar to their approach in other areas, they roll out changes to small airs to to small areas to minimize the problem or disaster but wont eliminate. They remove channels that are malicious in some way or take down videos that are inappropriate or create better tools for parents to monitor and restrict but the big change youtube wont make that a lot of parents and activists and some Business Partners would like to see them make is take the kids app and only hand pick the videos in it. Dont allow anything to come into that filter that might be inappropriate. Or just to kind of create more warnings and more tools for parents to make sure they feel safe when kids are on it. Emily as a parentmark videos on youtube kids arent entertaining. Might be a figure rein jumping around against an animated backdrop. But its really not much. Whose responsibility is this really . Parents responsibility to monitor or youtubes response to curateonsiblity to content better. Doug we think its both. Youtube should do a better job. The algorithm in terms of what they play next is one of the biggest problems once you get three or four or five videos in, you can run into questionable content that your kids are seeing. Parents are given tools. Youtube kids isnt the most entertaining application but freedom and safety are always a tradeoff. If you want the ultimate safety for your children, force them to watch youtube videos only through youtube kids even if theyre not the most entertaining videos. Emily meantime, doug, as lucas and our colleague mark bergen have reported, some google staffers and youtube staffers wont let their children watch it. Doug weve seen this with facebook too facebookers not allowing their kids to sign up for facebook until theyre much old. Its indicative that some people even within the organization see a problem. Culturally when you think about youtube, facebook, social media in general, all these plat forms were started as ways to allow people to express themselves freely. Youtube, one thin one thing its done is created an open platform for millions of creators to express themselves. It is a difficult tradeoff, i think, to eliminate some of the freedom that these platforms for founded on. Emily doug clinton of Loup Ventures and bloombergs own lucas shaw, i know this is something bloomberg will continue to follow. Slack is going public. This is bloomberg. Emily slack is looking to be the latest tech company to join the public ranks. Why it is taking a different route than the companies that have come before it. Dont call it an i. P. O. In a year where weve seen Major Tech Companies hit the public market, Workplace CollaborationCompany Slack is taking a different route, opting for a direct listing. Allowing its investors and even employees to sell their existing shares immediately. Much the same way spotify did last year. Slacks going public at a time when u. S. Stocks got an upbeat start to the year but faced extreme volatility in the midst of a trade war with china and antitrust scrutiny looming over big tech. Tens of billions have been raised in Public Offerings though while some i. P. O. s have soared, others have floundered. C. E. O. Stewart butter feel and his team have transformed the Way Companies manage endless emails and messages but the key will be to convince potential investors that the company is worth its targeted valuation of around 16 billion to 17 billion. Despite slacks revenue growing to 600 million this year, its Revenue Growth is slowing. And its losses are expecting to near 190 million. Another unprofitable tech unicorn. What could make this a success for slack . No news is good news. If its quiet, stays stable, some trading and nothing crazy happens, itll be seen as a big win. Well find out this week if investors are as collaborative as slack hopes. To further discuss, weve got ellen hewitt, who you just saw there. And michael meyer. You said slack needs to do more than just be a chance, what do they need to do . They have to prove theyre a collaboration platform, thats the holy grail of enterprise software, to build something people want to build on top of. If they can prove that you should and prove its easy and people build things on top of them then its hard to get that out of your company. That leads to ongoing revenue that starts to drive further growth. Emily ellen what is investor interest like right now . Were three, four days out, what are we seeing . Ellen its different than a regular i. P. O. , you dont have the same structure of banks raising interest from groups ahead of time. But we have been tracking slack share sales on the private market. As early as february we saw prices at more than double the last private funding round. It seems like based on disclosures since then in filing that interest has stayed there thats partly how we were corroborating this idea of where the Company Hopes to be valued at when it goes public on thursday. Emily how close is slack to being more than an app or being stiff competition for whatever alternatives are out there in your opinion . Michael yeah, thats the interesting thing, what is that competition. There are many, many apps out there, most of them are free. They have to prove they can be more than that. Many developers and Companies Know that. Ask any developer in your company, theyve probably heard of slack. But ask the person that tracks e. R. P. Approvals and they probably havent. They really need to get out of that Technology Space theyre in and grow to the rest of the company and prove their value to everyone else in the company. The same value that most technologists, especially developers have seen already. Emily right. Ellen, you see this in companies, groups, particular teams going rogue, using slack, they love it, everybody else at the company has no idea anybody is using it. Ellen one of the things stewart butterfield, the c. E. O. , said in an earnings call, one of the Biggest Challenges and tuns they hasnd opportunities slack is explaining to salespeople who have never used slack what it is. Theres not an easy answer. He tried to say it gets close to replacing internal email, which is a good way of saying it, but its smrn that. Its more than that. Until you try it, you dont know it and thats great because once you try it, people love it. Until you do its hard to grasp. That could be a challenge for their growth going forward. Emily michael, as someone outside of our Silicon Valley bubble, whats the view on slack beyond . Is it a cool thing, people dont use it dont understand or dont know about it . Or is it becoming more mainstream . Michael its starting to become more mainstream simply because the people that are using it realize you can do more than just chat. When im in a company and i want to do things that are fairly monotonous, we all know computers are supposed to do that for us, but until now youve had to be able to program the computer to do it. With a platform like slack, all of a sudden i can think of monotonous things, put a natural language interface on top of it, i can almost start to talk to the applications that i once had to deal with in ways that i didnt really enjoy. Thats whats going to start to bring it to the mainstream, to the masses, more than it already is. Emily whats going to happen thursday . Will we see this the typical gathering of c. E. O. , early employees standing there ringing the bell . Ellen thats the expectation but if its like spotify, instead of trading starting immediately, there could be a couple of hours when were waiting for the first trade to take place. Because direct listing, you are not starting with a direct price. Theyre doing a complications to decide where should the first trade begin. Emily all right, were going to be covering it, ellen will be covering it, what is happening thursday on the floor of the new york stock exchange. Bloomberg beta, the Venture Capital arm of bloomberg an investor in slack. Were Live Streaming on twitter, check us out there. Follow ticktock on twitter. 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. This is bloomberg daybreak asia least. This is bloomberg daybreak middle east. Could too much change raise alarm . Wilbur ross tells bloomberg g20 is not the appropriate forum for washington and beijing to resolve differences. The Trump Administration will send a thousand more troops to the middle east