Tech takedown. President trump signing an executive order effectively banning tiktok from operating here in the u. S. The order goes into effect in 45 days unless those apps are sold by their Chinese Companies 35 billion off wechat overnight in hong kong this is a nearly 700 billion company. Perhaps more surprising that its been able to fly under the radar for so long. A ban could get very messy because tencent is far more intertwined with American Business than tiktok theres the sheer scale of tence tencent. Fallout could touch sports to. Tencurre tencent has a deal with the nba to stream games in china theres also American Businesses operating in china relying on the app like starbucks, disney, mcdonalds the socalled super app is where a billion active users in china can shop, spend, stream, game much more within a single app. For that reason, apple and google could also sufficient if users switch because they cant access tencent apps. Talk is turning to how the chinese might retalia
Because of the hong kong elections. Record turnouts sunday, big loss for scombrabeijing. I think its heartening to see the people stand firm. For xi jinping, its a setback. What will he do now . Investors round the world cheered. Its part of our rally on wall street today. No cheering for uber. The authorities in london will not renew ubers license to do business there. Ouch. London was its best European Market. Uber takes the hit because of passenger safety concerns . Gee, i wonder if londons famous black cabs had a hand in this. Ubers stock is down 4 premarket. Seconds from now, frozen 2 big box office, tesla, dare i say a smashing success, and a little blue box, tiffany, now worth 16 billion. Varney company is about to begin. Has elsa seemed weird to you . She seems like elsa. Theres voice. Voice, what does that mean . Head for the cliffs ive got you. Stuart there you have it. Frozen 2 debuted this weekend. 350 Million Worldwide. That was the opening Worldwide Box Office globally, t
Its a prolonged one. Markets are down across the deirdre yo, thank you for your board. Insight. Youve been covering hurricanes between the u. S. China trade war for a long time, joe bastardi. And disappointing manufacturing report. Tariffs on 112 billion on thank you. Deirdre hurricaneforce winds will be getting dangerously close to the coast today through chinese goods take aeffect on tomorrow night. Officials are urging people to stay off the beaches, obviously monday. Due to possible storm surge. Our souths say the u. S. Rejected Rick Leventhal live in chinas request for a tariff delay. Hillary vaughn is at the jacksonville, florida with more. Rick, what are conditions like white house. Reporter china says they will there now . I can tell it is really windy . Formally file a lawsuit against the United States through the reporter it is blustery but not World Trade Organization in direct response to the latest anywhere near Tropical Storm round of tariffs that took force yet. We could