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Speaker 1: News when you want it with Bloomberg News Now, I'm

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Speaker 1: Brian Curtis. In Hong Kong, President Shei jen Ping said

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Speaker 1: that China wants to be friends with the United States.

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Speaker 1: He gave a speech to business executives after his meeting

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Speaker 1: with President Biden at the APEX summoned in San Francisco.

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Speaker 2: More from Bloomberg's Jenny.

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Speaker 3: Marsh, He's really here to present China, I think as

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Speaker 3: a force for peace. He's talked a lot about no

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Speaker 3: hot war or China will not go to war with anyone,

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Speaker 3: and just personally trying to project his own softer side.

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Speaker 3: State media yesterday were very active on Twitter sort of

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Speaker 3: pushing out these images of Biden and she looking at

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Speaker 3: Biden's iPhone. There's a photograph on it if she is

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Speaker 3: sort of quite a dapper young man thirty eight years

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Speaker 3: ago in front at the Golden Gate Bridge on his

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Speaker 3: first publicly known trip to the US. Then there was

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Speaker 3: this panda pledge. There's a lot of sort of soft

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Speaker 3: power engagement.

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Speaker 2: Going on here, Bloomberg's Jenny Marsh.

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Speaker 1: President Biden has told corporate leaders that stable US China

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Speaker 1: ties will benefit the world. It comes a day after

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Speaker 1: Biden's high profile meeting with Chinese President Xijinping is Biden

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Speaker 1: speaking at the CEO session of the APEC summit.

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Speaker 4: The United States will continue to compete vigorously at the PRC,

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Speaker 4: but will manage that competition responsibly so doesn't veer into conflict.

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Speaker 1: President Biden acknowledged the economic tensions exists between the two countries. Meantime,

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Speaker 1: President She pledged to make it easier for foreigners to

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Speaker 1: do business in China. Bloombergs yvon Mann has more from

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Speaker 1: Hong Kong.

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Speaker 4: The Chinese leader is trying to woo foreign investment. President

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Speaker 4: She said China would take what he called more heartwarming measures,

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Speaker 4: such as improving policies of entry and stay for foreigners.

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Speaker 4: China maintains a negative list of sectors for which foreign

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Speaker 4: investors are restricted or banned from taking stakes in. She's

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Speaker 4: decision comes as foreign firms have been moving away from

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Speaker 4: China due to its abrupt policy swings. The comments mark

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Speaker 4: President She's most direct discussion of the Chinese economy at

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Speaker 4: the APEX SI in Hong Kong. I'm von Mann Bloomberg Radio.

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Speaker 1: Also Japanese Prime Minister Fumio Kishida told Chinese President She

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Speaker 1: that they should work together to create a brighter future

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Speaker 1: for ties between the two countries. They sat down to

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Speaker 1: their first bilateral summit in a year. She said the

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Speaker 1: two should manage their ties properly, according to China's CCTV.

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Speaker 1: In other news, IBM has suspended its advertising on X

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Speaker 1: because of the proximity of its ads to not seposts.

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Speaker 2: Bloomberg's Ed Baxter has the story.

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Speaker 5: This comes amidst a swirl of controversy surrounding X and

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Speaker 5: Elon Musk. In the past couple of days. Watchdog group

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Speaker 5: Media Matters reported out that IBM, Apple, Oracle, Exfenity, and

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Speaker 5: Bravo all had a placement. IBM opted off, saying IBM

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Speaker 5: has zero tolerance for hate speech and discrimination. Meanwhile, the

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Speaker 5: White House has reacted to a Musk post so that

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Speaker 5: it says is antisemitic. NSC spokesman John Kirby.

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Speaker 6: We certainly abhorror comments that are anti Semitic in tone

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Speaker 6: and certainly don't associate ourselves with the comment.

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Speaker 5: Musk endorsed a post that said the Jewish community pushed

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Speaker 5: hatred toward whites in San Francisco. I'm at Baxter.

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Speaker 1: Bloomberg Radio applied material stock tumbled seven percent following a

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Speaker 1: report that the company was facing a criminal probe in

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Speaker 1: the US is as to do with sales of product

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Speaker 1: to China. Amat also reported earnings. We get more on

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Speaker 1: the story from Bloomberg's Tom Busby.

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Speaker 6: Applied Materials now facing a federal criminal investigation into charges

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Speaker 6: that have violated US high tech export restrictions to China.

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Speaker 6: The US Justice Department is probing the company over dealings

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Speaker 6: with China's biggest chip maker, Semiconductor Manufacturing International, According to

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Speaker 6: reports from Reuters. The news overshadowed positive earnings results and

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Speaker 6: an upbeat forecast that the company posted earlier on Thursday.

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Speaker 6: Tom Busby Bloomberg Radio.

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Speaker 1: In other news, Amazon will be able to sell cars

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Speaker 1: from Hyundai directly to customers through its website beginning next year. Currently,

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Speaker 1: shoppers can choose a car from multiple automakers, but cannot

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Speaker 1: actually purchase it on Amazon. They need to be connected

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Speaker 1: with a dealer. The upcoming partnership will potentially prompt other

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Speaker 1: car manufacturers to follow suit. And that's news when you

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Speaker 1: want it with Bloomberg News Now, I'm Brian Curtis.

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Speaker 2: This is boul