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 about trade in general, saying we are doing very well with china and talking. Hes suggesting the u. S. Will make a deal when it is ready and china is desperate. How true is that . Sarah as you said, it was confusing over the weekend because trump suggested he may not even grant this extension that was granted today. Again, it is really mixed messages. It is hard to tell where these talks are at. Huawei was never part of the official talks but more of a winkwink type of situation. The broader issue of huawei and really opening up and allowing those Big Companies to do business with huawei, get those special licenses on a broader scale, we are still waiting. It was always tied to agriculture purchases. That is what we heard all along. China has halted those because of the trade talks breaking down. The two sides are speaking. Lowlevel talks going on right now. They are supposed to meet in Early September so there is no room for progress within those still room for progress within those talks. There is a window right now. You know, im sure huawei, these licenses are part of that. Emily the Administration Officials did outline next steps for talks over the weekend. What actually is coming next given the talks are supposed to restart in september, but theres a long couple weeks between now and then . Sarah it is such a roller coaster. What we heard from larry kudlow over the weekend is over the next 10 days, deputies are speaking. The midlevel negotiators. They will not be the decisionmakers but they will lay a path forward. The top officials may speak by phone before the tariffs take effect, but Early September, the chinese are expected to come here. That could be sort of days or weeks after these new tariffs take effect at 110 billion of chinese goods. China says they will retaliate. Again, it is this esau where we seesaw where we see progress being made but then an escalation happening. At any point, the whole thing could fall apart or maybe they will come up with a deal. We dont know. Emily Sarah Mcgregor, busy for us. Thank you so much for that update. Ok, when it comes to americas favorite Smart Speaker, amazons alexa and Echo Technology reign supreme. Nearly 64 of all u. S. Smart speaker users used alexa. But, when it comes to hitting the open road, putting the pedal to the metal, amazon takes a backseat to google and apple. Amazon is hoping to change that with the introduction of echo auto, a dashboard Voice Assistant that will help auto enthusiasts to have alexa accompany them on their drive. To tell us more, we have matt day in seattle who covers amazon for us. How much traction has amazon actually gained in the car market . Matt with echo auto, it is really early. They said they had one million preorders which is still in invite only mode. We dont know how many of the one million orders they say they got have been shipped out. In terms of customer reception, it has been a mixed bag. People say it is good at picking up your voice over air conditioning or open windows. People complain about crashes and some hangups. It seems to be a year after they introduced the product work in progress. Emily arent bmw and audi using cars that integrate alexa . Matt it should be distinct from the Smart Speaker addon that you put on your dash. The long game amazon is going for and that led to those partnerships. They are try to get inside the dashboard by default. Relationships with automakers they hope to strike where it will come with alexa natively. There have been a few of those. They say they would like to get more, but they are a bit behind, google particularly in getting inside the dashboard. Emily how does this compare to apple and google . Its always a surprise when i get a rental car and it has one of them integrated. You see it in the wild. How much traction has apple and google themselves had . Matt pretty good deal of traction, largely because of the smartphones that are in our pockets. Android and ios on the part of apple. They kind of forced the automakers that people often time want a smartphone in their car. That led to car play and android auto. They are ready to be powered by your smartphone. That is something amazon does not have and cannot compete with without owning a smartphone platform. That is why they have tried to go with an endaround. These business relationship with the automakers themselves to put it in the dashboard. Emily there is this bigger question about how much will voice command actually be in the car . Is it the new future interface or will it not be as popular as some might think it could be . Matt great question. We have seen questions pop up just in the home. These are music boxes, trivia boxes. People dont use them for a lot more than that. I think the car has similar scenarios directions to a gas station or starbucks. You would rather not have to thumb through a phone to get. Beyond those couple of first applications, i am not sure where this goes but amazon is betting on it. Emily ok, matt day, thank you so much. Turning now to baidu. Shares surging after revenue rose to 3. 84 billion, beating analysts estimates. It proves chinas biggest source search giant managed to hold onto advertising despite challenges from local rivals. Baidus betterthanexpected results will soothe investor concerns that the 19yearold company is losing steam as chinas internet evolves from desktop to mobile. Coming up, is a. I. Killing jobs . Ziprecruiter claims it may be creating them. We will talk about the future of job automation, next. This is bloomberg. Emily as a. I. Continues to advance, so do fears about job displacement. According to a study, 50 of the work we currently do could be automated. That same study predicts by 2030, 30 of workers will potentially be displaced by technology. Online employment marketplace ziprecruiter is a bit more optimistic, actually a lot more optimistic. According to the companys report, a. I. Created three times as many jobs as it replaced in 2018. Joining us for our work shifted series, ziprecruiter ceo ian siegel. Ian, explain why such a disparity between popular belief about how a. I. Is going to impact the job market . Ian ziprecruiter, what we did is we looked at over 50 million job postings that came online over the last six months. We looked at a number of them that had been impacted by a. I. Both positively and negatively. Three times as many jobs created as a result of a. I. Has been destroyed. Will that trend continue over time . It is hard to say with precision but in every industry we looked at, we did a deep dive in five Different Industries where a. I. Is growing. It is being used in partnership with humans as opposed to a replacement. So far, the evidence would suggest a job apocalypse is not on the horizon. Emily ziprecruiter comes across 25 million users looking for jobs every month. How are you using a. I. To improve the job search and are you replacing any humans with technology . Ian i think it is fair to say that 100 out of 100 jobseekers would tell you that they would prefer to be recruited rather than apply to a job. What is happening with a. I. Is the technology has become so advanced that we are capable of putting a job seeker together with an employer before the job seeker has even applied. That is really transforming the way jobseekers look for work and i think that will be the trend of the future. Emily what does it mean for a company like linkedin, for example . Ian linkedin is a social network. Workers go to connect with the peers they meet. Ziprecruiter is a place you go to find work. We are a place that is very task oriented for someone who is in the process of looking for their next job. Putting up your profile on ziprecruiter, enabling yourself to get recruited, that is the reason you come to the site. Emily talk to us about the Current Trends you are seeing. Unemployment is low but there is a lot of geopolitical uncertainty. And, Macro Economic uncertainty and market volatility. How is that impacting the trends you are seeing in the job market right now . Ian at ziprecruiter, we have job postings so in many ways, we have indicators that predict where the industry is going. One of the things that is staying consistently true is a number of job postings in 2019 is up over the number of job postings in 2018. There is wage increase. Theres a Record Number of jobs going online with benefits. At least for right now, it is still very much a job seekers market and it is a golden age to be a job seeker because with sub4 unemployment, there is a dogfight for talent amongst employers. Emily here in Silicon Valley, we have been talking about techlash, the backlash against the Tech Industry. Increasing scrutiny from governments around the world of big tech in general. Are you seeing any changes in the places that people want to go . Do people still want to work for some of these big, historically popular Tech Companies, or are they looking for Something Else . Ian it is really interesting because of you look at the top three things jobseekers care about, number one is salary. Number two is location. Number three is flexibility. If you look at the modern age of jobseekers, millennials, they have flipflopped number two and number three. Flexibility is the thing they care about second and then location is third. What that is doing is it is opening opportunity for companies that are willing to allow telecommuting which is becoming a viable solution. While there may not be as many people going to look for work in Silicon Valley or other tech hubs, the Tech Industry is one of the three Fastest Growing in the country. Emily meantime, many people might know ziprecruiter because they have heard your commercial. I think i could recite your commercial word for word. Your marketing is reaching me. How effective has your Marketing Budget been in driving business . Ian i started the business at ziprecruiter because i had worked for a number of startups that were too small to have an hr department. I was doing my own recruiting. I had to post the same job to different job boards. I just wish for a magic button i could push that would send it to all job boards at once. That turns out to the a really appealing solution and Value Proposition to most of the businesses in america. Ziprecruiter is growing fantastically well. We have been pushing the edge on innovation with things like a. I. In terms of matching. Emily is the marketing plan working . Ian its working really well, yes. Emily ziprecruiter ceo and cofounder ian siegel, thank you for joining us. Ahead, Venture Capital firm cleo capital is betting big on female entrepreneurs. How it is betting they will find the next big deal, next. This is bloomberg. Emily tesla has a plan to revive its lagging solar Roof Division rent. The company is offering no contract packages. Elon musk tweeting, with the new lower pricing, it is like having a money printer on your roof. It comes a month after tesla reported its third quarterly decline in solar installations. We will keep following that story. While Venture Capital funding has soared to record heights in recent years, the number of women in the field has remained almost stagnant. Only 11 of Venture Capitalists and 71 of u. S. Firms have no female investors, still. One Venture Capital firm is looking to put the power back in womens hands. Cleo capital announced it raised 3. 5 million for a fund that will invest in female entrepreneurs will act as scouts, who will then use the funding to make their own investments. Joining us to discuss, cleo capital managing director sarah kunst. Good to have you on the show. You are actually betting Women Entrepreneurs can find the next hot pick, right . Sarah scout investing has existed for over a decade now. All of the big Venture Capital firms at some point in the lifecycle have tried this which is basically you take usually founders who are incredibly wellconnected. They have worked at Top Companies but not personally liquid because they are struggling to get their own startup and have not taken money off the table. They dont have liquidity but they have access to an amazing network. You get the return and they get the track record and experience and they can help Companies Really come to life. This has been around for a decade. It works. People have seen immediate returns. Emily sequoia, legendary Venture Capital firm, has had a Scout Program for a long time. You were a scout for sequoia. The vast majority of scouts have been men. In 2015, 6 were men and now the new class is 30 . 6 more women and now they are saying 30 are women. So, unfortunately, this has perpetuated the allmale v. C. Network. How does this help break that . Sarah by putting women in. It is not just sequoia. A number of big venture funds have scout networks. From the date i was able to gather, it is about 90 men. Even if there are 200 scouts running around the bay area, investing in these deals, 90 of them are men. When you look at what happens when you are giving them that access to capital and not giving that to women, right, then you end up in seeing who is able to get interesting deals, become an investor, make money and then recycle it back into the ecosystem. Women are shut out at every piece of that and hopefully we will change that. Emily i feel like i have to trumpet you are not just a woman, you are a black female entrepreneur. It is very rare to see black women in Venture Capital, let alone women. What was the fundraising environment like for you . How receptive are people to your idea and how did it make you feel about how much progress there has been . Sarah raising Venture Capital funds is hard for everyone when you first start. That being said, my 3. 5 million fund which is a very small amount of money, the second largest Venture CapitalFirst Time Fund ever raised by a black female v. C. In the country ever. Right . When you think about that, given the magnitude, there is another fund who announced today, we have a 9 billion equity fund. I cannot even afford one month of your rent. Theres a huge dichotomy and that is a systemic problem. That is a problem when you look at what happens to returns, the entrepreneurs you back. Theres a huge missing piece. We talk about that on the startup side and a little bit on the side of who is being employed by venture funds. When you look at it, who is starting venture funds, thats another piece of the ecosystem that is in desperate shape. Women of color are just not well represented. Emily you were a critical part of Silicon Valleys me too movement. You spoke out about your experiences with dave mcclure. I know you have been involved in the community and helping to keep the movement going since then. Do you think things in Silicon Valley . Sarah i think theres a lot more willingness to talk about the problem, and that is a huge start in the right direction, but its not enough. Venture capitalists, we run on capital so if we are not getting money, deploy money into more diverse founders, that is where we change things in our industry. I think it is wonderful that journalists like yourselves, people are taking me seriously, i think it is a first step. Until there is more people who look like me running funds, then i think we are going to have a long way to go. Emily absolutely. In terms of strategy for you, how did you decide who to fund . Allraise has gotten a lot of publicity in the efforts they have made. I have heard Women Entrepreneurs say it is hard to get them to take me seriously. There are so few opportunity for women of color still. How do you decide who to bet on . You are trying to anoint some of the changemakers of the future. Sarah it has been awesome to see our scout group come together because they are incredibly diverse. We have women in almost every geography, bay area, new york, detroit, denver. All over the country. They are incredibly diverse racially, sexually orientation. The companies they built, little rocket scientists who work at nasa to a former magazine editor. Theres a huge diversity in that. What they are able to do as they can go out and invest in what they are drawn to and what they love so they dont have to sit there and think how do i make sure every in vestment i do is as diverse it can be because they are naturally drawn to different things, people and networks. That is how you get real diversity. You put a Diverse Group of people together and let them go find what they are passionate about. Emily quickly, what are the hot trends . A. I. , crypto . Sarah i am still a crypto fan. It has actually been interesting. I have been hearing a lot about ocean technology. I have been hearing the shift towards things that are directly or indirectly going to help climate change, it has been one of the biggest shifts over the last year or so. A huge push towards that. I also think there is a lot of innovation everywhere right now, so we are seeing Interesting Companies come out of every sector. Emily sarah kunst, thank you. We will be following your progress. Bloomberg beta is an investor in cleo capital. That does it for this edition of bloomberg technology. We will see you back here tomorrow. This is bloomberg. Saying there are not circumstances in which i would be willing to. Ease i want to see evidence we are going into something that is more of a slowdown. If i am growing at 2 , i am not as worried about that. Huawei wins a temporary reprieve in the United States, but says the move will not have a substantial impact on its business. Manus loans for Chinese Companies are