The mall is more or less dead except in 279 great cases where we’ve got fabulous malls out there, says legendary retail analyst Jan Kniffen. But the 1,100 malls they’re struggling. It’s the levered retailers and the mall-based retailers that are struggling. We’re going to have 26 retail bankruptcies this year.
You can talk about Huawei but we’ve got to make sure our communication networks are safe. The bad guys can implant malicious functionality in hardware and software from anywhere in the world. Potential national security threats to communications are very real.
“Mr. Wonderful” Kevin O’Leary of SharkTank got some high praise for his comments in support of the Trump Administration’s trade actions in pursuit of a free trade agreement with China. President Trump tweeted. “Thank you Mr. Wonderful, I like you too!”
Steve Bannon, former White House Chief Strategist, discusses in an interview on CNBC the true objective of the Chinese in trying to economically dominate the world through whatever means necessary which is why current trade negotiations are so important to US prosperity going forward.
The US is in competition with China for 5G domination says James Jones, former Obama National Security Advisor. Jones says that 5G is the most disruptive technology to come our way this century, but we are way behind China in 5G marketing. He says that the choice is clear for our friends and allies.
Rakuten CEO Mickey Mikitani says he’s happy he didn’t choose to use Huawei and ZTE. “I kind of sensed the potential risk even if it’s only one percent,” said Mikitani. “I told myself actually I cannot take a one percent risk that something may happen to prohibit Chinese network equipment to be used for the Japanese mobile network.”
SAP CEO Bill McDermott remains very optimistic about doing business in China. He says that SAP has a fundamental belief in China and continues to invest in China. “We’re not having challenges in China,” says McDermott. “We’re doubling down in China.”
The CEO of Cisco says that last year they blocked seven trillion cybersecurity threats or about 20 billion per day. He says that by and large cybersecurity organizations inside of their customers are very good.
Despite the current trade climate imports to the US remain strong and are currently rising according to Soren Skou, CEO of A.P. Moller – Maersk, the world’s largest shipping company. Skou also discussed their use of technology.