Many people. Tencent is one of the most active investors in the world. More than 450 investments under the companys umbrella and that is more than the number in softbanks universe and includes names like tesla, snap and epic. Thirdly, american businesses operating in china, like mcdonalds and starbucks, they rely on the wechat app for their operations so being cut off could jeopardize their business there. There are so many questions still outstanding but its really hard to understate the importance the daily role of wechat for chinese internet users. Its called a superapp people use it for everything from messaging and booking a doctors appointment and we dont have an equivalent here. Tik tok is popular in the u. S. Its looking at a sale to microsoft so it could get around that ban there is no such option for wechat, carl weve tried to explain to investors just how important it is on the other side of the world. Lets bring in global head of Technology Investment strategy at deutsche.
I live really good morning from moscow just turned 11 am here now this is our international monitors kevin 0 in here with the latest from our World News Center this hour of 1st gunshots were heard overnight steering protests in the u. S. City of portland in oregon in which 2 people were arrested no been more than 2 months of nationwide unrest over racism further north new in 59 Police Officers were injured in seattle as protesters attempted to blow up the wall of a Police Station on sunday 47 were arrested cracking down on agitated protests is also getting tougher too and a lot of risk for people involved in it for the people trying to live stream whats happening as well. I just got shot its writing about. 2 how. I was shouting very boldly hey were were trying to comply with your d back or youre being and i was you know if you watch the full live stream and saying that over and over and over again its we walk back youve been mine there are thousands its pretty neat wrecked me and i was
Trading well above 400 a share so as the economy experiences all of these challenges, there is adobe there big tech marches on i continue to o lead the way. Now is the 1. 5 trillion krub now you have amazon, microsoft, and square has just been on a tear it is up another 8 today. It is not clear this would be a covid play that the Digital Payments would be such a run first the small and medium sized businesses that it served would be a laggered. That has also been a very good performer this year. A journal with a big piece just on basically about the price action alone joining us this morning is Angel Investor Jason Calicanis good to see you as always. Good to see you, hope youre safe lets get your temperature on valuation right now. I think were hanging in there valuation all of the things we just talked about for the past 90 seconds, how much of it is a topic of discussion in your circles, and how much of a concern is it in your circles. I think what were seeing is, and i had this dis
Studios, this is kpix 5 news. Protesters toppled several statues out of Golden Gate Park saying the historical figures were linked to acts of racism and oppression. After weeks of protest a celebration in oakland as many gathered to celebrate juneteenth. The pro sports teams in the bay area and around the country face uncertainty on when to return to action. It is about 6 00 a. M. On this saturday, june 20th. Good morning. I am devin fehely. Protesters tore down several controversial statues at the San Francisco Golden Gate Park. Three statues were taken down in the park. The video shows the statue of the founder of the Mission System and a spanish priest, st. Junipero serra, Whose Mission was to convert native americans to christianity. He was blamed for destroying the data our of life. Also Francis Scott key that enslaved people and was torn down and dragged through the grass. The ropes were tied to all of them as they were taken down. For decades these statues stood tall at the Gold
Governments response to the coronavirus pandemic is under the spotlight now were going to take you live to the German Parliament where our chancellor Angela Merkel is set to address lawmakers and answer their questions about her governments response lets talk about that 1st with our Political Correspondent kate brady who is following the latest for us kate i get to see you what do we expect to see from the chancellor to hear from the chancellor and from lawmakers today. Whether of course at the center of this hour of questions were expecting to see the corona virus pandemic and the German Governments our reactions to that in the in the previous 8 weeks or so here in germany of course theres all sorts of different aspects that we expect a chance language machall to be questioned on of course those rather controversial shutdown measures as well and the timing of which restrictions were imposed and also the timing of which restrictions were east here in germany on top of that i dont doubt