Business News

CCTV Script 01/03/16

– This is the script of CNBC's news report for China's CCTV on March 1, Tuesday.

Welcome to CNBC Business Daily, I'm Qian Chen.

The U.S. government cannot force Apple to unlock an iPhone in a New York drug case, a federal judge in Brooklyn said on Monday.

It's a ruling that bolsters the company's arguments in its landmark legal showdown with the Justice Department over encryption and privacy.

[Ted Boutrous | Attorney for Apple] "if Apple were willing to do this in this one, this particular case, every other country is going to say well then you have to do it for us. You have to create or let us use that software that you created to access the data of citizens in our country. So that is a very serious concern."

This is not the end of the story...yet.The Justice Department is "disappointed" in Orenstein's ruling and plans to ask a higher judge within the same federal district to review the matter in coming days, a department representative said.

As the fight is still going on, at apple's shareholder meeting, most voiced strong support for Apple and Cook.

I know it's a very difficuilt issue from the national security standingpoint, but I think principles are only important if you apply them when its difficult to apply them

National security should supersede privacy concerns in major issues, Warren Buffett said on CNBC Monday, weighing in on Apple's fight against a government order to help hack the iPhone of one of the San Bernardino terrorists.

[Warrent Buffett] "Privacy has its limits, and national security has its limits at the other direction. You cant call everything national security. "

In addition to Appple's shareholders, we do know that Microsoft, Facebook, Google parent alphabet, we are filling a joint support for Apple, but many alternatively think that Congress will make a real role to play in the ultimate debate and that's why you see both sides finding it so hard to win over the public.

CNBC's Qian Chen, reporting from Singapore

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