U.S. President Donald Trump reportedly goes ‘apoplectic’ during a phone call with UK Prime Minister Boris Johnson over his decision to choose Huawei for Britain’s 5G roll-out. This as the U.S. Attorney General William Barr urges the state to buy shares in Ericsson and Nokia to help create viable Western competitors. CNBC learns that Elliott Management has moved to acquire a $2.5bn stake in Softbank following Masayoshi Son’s WeWork misstep. Meanwhile, Chinese stocks look set to mark their worst week in nine months as the Coronavirus shows no signs of abating. The doctor credited with raising the alarm about the outbreak has died in Wuhan, as the overall death toll surpasses 600. The spread of Coronavirus is also being felt in the automotive sector with Fiat Chrysler warning it may shut down a European plant should Chinese factory closures affect its supply chain. And in corporate news, ride-hailing app Uber has said it hopes to turn profitable by Q4 2020 despite an expected loss of $1bn this year.

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