The Administration Made a big move on huawei with Edward Lawrence covering it from the white house. Reporter President Trump is not ready to make a deal with china. Every countermove or every move to increase pressure on chinese, are met by countermove by the chinese who have not backed off, or come back to the table, when china had stimulus for its companies and economy, white house announced 90 days for companies to stop selling to huawei. The news heard on mornings with maria. It is another 90 days for the u. S. Telecom companies, some of the rural companies are dependent on huawei. So were giving them a little time to wean themselves off but there are no specific licenses being granted for anything. Okay. Reporter this is relief chinese were looking for, they said u. S. Should allow huawei to continue to do business with u. S. Companies. The they are looking for chinese to reverse course to buy agriculture from the United States. This delay comes as tim cook, the apple ceo, met wit
Well, it you probably had inheard that but you will today and so much more on making money. The Trump Administration throwing a lifeline to huawei giving them another 90 days to buy supplies from u. S. Companies. As china cutting Interest Rates to head off potential recession there. Edward lawrence live at the white house with the very latest on the trade feud. Edward . Theyre trying to get stimulus for the companies and what not there. The later this afternoon, the president meets with the u. S. Ambassador with china on relations in hong kong. The Vice President said any trade deal with china will be on our terms, not chinas terms. The two big issues happened with huawei. First, u. S. Identified 46 new entities and affiliates of huawei, added them to the entity list. Second the president threw them a lifeline, a delay of 90 days, so companies can continue to sell to huawei into november. Commerce secretary wilbur ross says this to allow more rural areas in the u. S. To move away from
Providers who actually started off as Telephone Companies in areas where the Large Companies chose not to provide service eesti and 100 years ago because it is rural, it is remote, hard to make a business case, so they built up Telephone Networks and have evolved Service Lines that are broadband providers. Half of our people do wireless. They are truly a onestop shop for Communication Service in Rural America, covering 3 of the land mass. They are close to literally live and work and raise their families in the communities where they provide Communication Service, and we represent them. We do everything from advocacy to education and training for them, to finding ways with synergy to bring Business Opportunities that is hard to do for small carriers. Host who are some of your Member Companies . Who do they represent . Shirley bloomfield i have carriers in various states. I have coops that are as large as 100 subscribers down to Community Health companies with 200 people in the middle o
Im sara eisen. Good morning from me as well. A big day ahead on cnbc as we bring you a front row seat to the sixth annual delivering alpha conference. Bringing together the most important players in Asset Management and tackle the Critical Issues facing investors in todays economy. Among the headliners treasury secretary jack lew kicking things off. His predecessor tim quite quite speaking, paul singer, steve are schwartzman karl icahn. Another tripledigit move here in the premarket. We saw this kind of move yesterday completely reverse course and the dow closing up more than 200 points. Dow futures under pressure again, minus 112 there. S p futures are down 14 half points. Nasdaq futures are down about 30 points as well. Again this after yesterdays reversal that clawed back more than half from fridays big selloff. Amazing turn around. Yesterday we were looking at similar futures declines. By the end of the day two sectors were up less than 1 , energy and materials. A massive rally tha
A very good morning for you both. Virus continuing to strengthen. Why no cure . We will be talking about where there are positive moves to be made. We expect litigation costs to fall. Number should occur. We are going to focus on it in just a moment. Now isu need to k portugals central bank has taken control. Israel has announced the seven hour ceasefire with gaza. This follows yesterday which included chilling of the United Nations shelter. The ceasefire would occur from 10 00 until 5 00. Portugals central bank has taken over. Amounting tos 5 billion euros. It is still a costly venture for the country. Essentiallyit works. The Portuguese Central Bank is taking control. This was financed by its biggest bank. Then when they are ready they the juniort. Bondholders have those parts. It is an empire a compass thing encompassing so many things. Positive is that it has been sorted out, recapitalized. What that says is this is an example of menu efficiency with which of the new efficiency wit