why the plunge? might have to do with the arrest of this woman, the daughter, chief financial saw of huaway. maybe you heard of that, maybe you haven t. it is the biggest telecom company on earth, just surpassed apple to become the second biggest smart phone maker in the world. the u.s. suspects the company of violating sanctions on iran. and as you expect, china is outraged. that complicates everything between president trump and president xi as they talk about dialing back on the trade war. let s take a moment to look at why it is controversial. they were founded working in phone switches, then moving into communications, infrastructure. as cell phone use boomed in the 2000s, i will ask you to move to the next one, they moved to capture market share by offering cheaper versions of cell phones and smart phones. you could get a huaway android
apple historic stock market success. today thirty everyone has i phones i pads i products and or on the it is significant they have been able to continue to sell product increasing prices higher margins the question of course always is can they continue it you know what s the next product there have what s the competition doing you know with the joke being that the next apple competitor is an eighteen year old sitting in a garage somewhere for now though there are plenty of current competitors to worry about it earlier this week china while way over took apple as the number two smartphone maker in the world. new legislation in germany will make online retailers like amazon liable for the sales tax of foreign vendors using their platform. and others would be obliged to provide vendor names addresses
mexico, he has these other objectives that he wants. he wants this north korea summit. he wants to achieve this breakthrough that other presidents failed to achieve. we can sit here and say he s not doing this normally but the normal channels haven t worked. he s doing something different, but those objectives are at odds and it s been fascinating to see him try to split the difference, or in the eyes of some, go soft on china. going soft on china also predates president trump but it s been exacerbated under president trump because of this zte thing. they say americans fail to take seriously this smartphone maker. now congress needs to act to keep america safe from china. i assure you with 100% confidence, zte is a much greater national security threat than steel and aluminum in
summit since this eruption started. facebook provided access to user data to dozens of companies including a chinese smartphone maker the u.s. considers a security threat. it raises new concerns about how facebook protects user s privacy. a man taking police on a wild chase in virginia. the driver identified as a u.s. soldier. he eventually ser rendered and was arrested. oh, my. i want to know more about that. go to cnn.com/newday for the very latest. president trump s battle with the nfl will be hitting the campaign trail, so we will ask his counsellor kellyanne conway about that next. their eyelids so heavy, they re drooping and. even heroes need incredible sleep. closing! introducing the new sleep number 360 smart bed. the only bed that actually senses your movements and automatically adjusts to keep you both
sake. john mccain, in his final days, you see the clash between the two people. again, this says something about our society. the easiest thing, the thing we all learn when we are 4 or 5 years old, when we harm someone else, we apologize. it is clear the decision has been made. we will not apologize. certainly not that. let s talk about zte. the chinese smartphone maker. the commerce department got tough on this company saying it was forbidden to buy u.s. parts for the phones because it violated u.s. sanctions and lied about it. this is the third chance this company has had. there are national security concerns. department of defense doesn t want to sell the phones on the bases because they can be used to spy. the president says they are losing jobs in china because of zte. we need to help this company. what do you make of the zte