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Along the lines you described was given to other countries, to canada, working with huaway may not be the wisest thing to do at this point in time. as you know, we re at a pivot point when it comes to cellular technology. they want to play a big role investment of roll out of 5g technology. what the u.s. is saying, be cautious. it may not be the move you want to make. let s bring this back to the stock exchange where things are looking rough. earlier, we cut losses in more than half. what are we talking about? looking at a dow down well more than 1%. 1.4% now. that might be the best part of the day. i think you re right. we are off session lows. we recouped some of the loss from earlier. this is one story of many taking place now. that s important to point out. ....
Travels often as a spokesperson for huaway on the international stage often. this is incredible. look at what the parallel might be. a fwogood one is if a u.s. tech executive went to another country in asia extradited to china, that would be an analog. there are chinese executives warned in the face of possible retaliation, now might not be the best time to travel to asia. this sends a strong signal to folks around the world and the chinese government and investors are worried. there was a dinner last week in buenos aires, lasted two and a half hours. the president of the united states emerged, took to twitter, began jaw boning the success of a deal he said was reached there. you have two things coming to a head. there s trade policy and national security policy. senator mark warner, ranking member of the senate intelligence committee out with a statement issuing a warning ....
The cfo of huaway. good to see you. we ll check in before markets close. we are committed to helping you understand what s going on with the markets. i want to give you more context of what is happening in the markets. we talked about huaway. that s about international trade. i want to tell you a few more things going on. take a look at this. this is important. this is the expansion we have been on since march 9th, 2009. it roughly parallels the fact we had economic growth in that period as markets went up. we have seen employment go down. this market is in an up hill trend until about here, 2018. see this quadrant here? i want to show you. that s all of 2018. this is what 2018 has looked like on the market. at this point where we are today, we are lower than where we started the year. if you invested a thousand dollars, today your portfolio will show less than that. for much of the year, we were on ....
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 ....
For about 100 bucks in 2012. that positioned them as a low cost option for the most popular mobile operating system. then the company began in 2018 with plans to expand the u.s. footprint by partnering with at&t. but this plan was abandoned after serious push back from the u.s. government over security concerns. that s where this gets interesting. they were highlighted by a february senate hearing where six intelligence chiefs all warned against using phones made by huaway. they all voiced concern over the company s ties to the chinese government, that s something they warned allies about. american officials told allies the phones could be vulnerable to eavesdropping and stop using them. it is easier for americans to kick that huaway than allies. ....