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
Fired for not properly performing their duties during this outbreak. And for all of this were joined by boom bust cohost christiane who is joining us once again from Los Angeles Christy thank you so much for joining us today. Christy after record highs on wednesday the 3 major benchmarks here in the u. S. The dow the s. And p. And the nasdaq all took early losses before kind of stabilizing in the afternoon and just taking you know fractions of a percent off but at this point do american markets actually have any idea how to react to what is going on with the quote a virus. Well at this point i think you just pointed out the markets really dont know how to react because dont forget today midday we did hit all the new 52 week highs again in the s. N. P. 500 so at this point the bank of markets equity markets know that no matter what happens the central bank is going to be ready to bail it out so the good the bad news is good news narrative is still very much intact so in times like these
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
Peter andy purdy is chief Security Officer for huawei. He is based in washington, d. C. , and he is our guest on the communicators. What do you do for huawei . Andy my primary role is internal, although i have been doing external things for the past few months, but my responsibilities include chairing a committee of key parts of the company in the United States that tries to control riske, and and help support our overall ethics and Compliance Program so that we make sure we protect huawei, protect our companies, and continue to do business and managers Cyber Security risk. Peter what is huaweis legal and commercial status in the u. S. Right now . Andy it is a moving target. We have a pending rule to an rule pursuant to an executive order. Right now, we cant sell to the u. S. Government, cant sell to u. S. Contractors, and there is pressure for our smallcarrier customers, wireless and wireline customers, to rip out huawei gear. So, there is legislation pending that would provide funds,
Earlier this week we actually had an opportunity to speak with one. Out of beijing and he spoke about what is being done to make sure this doesnt have a lasting impact. In fact im just c. P. B. O. C. Chinas central bank injecting one trillion yuan or 170. 00 around 170000000000. 00 u. S. Dollars into the market to boost the could be making lending easier and if sars is of any indication remember when sars was rampant in china in 2003 the chinese economy went from 11 percent in the 1st quarter. To 9 percent in the 2nd quarter but when the epidemic was contained the growth rate bounced back to 10 percent and that grades continued for the subsequent weeks quaters and years kristie what do you actually make of this analysis from. I think what he says is absolutely correct that if once this entire virus is contained china actually rebound in a very strong way because lets lets face it there is no other nation in the world who is as good as mobilized nation in terms of getting the personnel