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European union should be worried about way and other chinese companies especially technology companies because of the risk they pose to the blocks industry and security that is the word from technology commission and step today japan the latest country reportedly planning to ban government purchases of telecoms equipment from coal way and another chinese company. over security concerns and meanwhile among one shoe the why c.f.o. was arrested last week and is to appear in court later today. in a few hours time and one jew will find out whether she ll be extradited to the united states or set free canada as arrest of one of the highest ranking executives that huawei has placed the country in the middle of a complicated dispute between the u.s. and china. i can assure everyone that we are a country of. the appropriate authorities to the decisions in ....
not silicon valley. hang on. and they don t get the job titles they want and they re locked in the position. david: rich said not silicon valley. this week there s a new survey done on buying steel. what do you make on that, is that a concern for you? the key is to make sure you don t end up raising costs for american consumers. when bush tried it 15 years ago on steel, it ended up costing more jobs than it saved jobs. so how you execute these things is critical. david: and then the question of government purchases, jessica. it turns out that just since trump has been president over $400 million has been spent by the federal government buying foreign products. the president buys foreign products for his own line and his daughter s own line and they make things in china. i agree with steve, we have to look at what s going to happen to the average american consumer who ....
Of this year. that concerns wall street and washington and no doubt everybody is aware of the election season going on. stuart varney, anchor of varney & company on the fox business network. stuart, look at 1.5%. what is your view on this? everybody is asking the same question and does this mean a election year recession? the answer is, probably not. but does it mean a sharp slowdown for the economy in this election year? and the answer is definitely yes. 1 1/2% growth rate is a very, very slim growth rate indeed. in fact if you look at the overall trend for the economy it is heading south. this is particularly bad news on the jobs front. if you are slowing down, if the economy is only creeping along at 1 1/2% growth a year, that is not a hiring economy. if you dig deeper into the numbers, you see that business investment is down. government purchases, down. profits down. and more importantly, consumption, that is what we ....