Today as republicans look to fast track her nomination before the election day and in the gulf, clean up from hurricane delta continues this morning as nearly half a million residents still remain without power and technology under fire yet again this time from across the atlantic its monday october 20t12, 2020 youre watching Worldwide Exchange here on cnbc. Sh good monday morning kicking off this morning with a hearty congratulations to the Los Angeles Lakers you can see them there jumping around they won their 17th nba title beating the miami heat in game six last night 10693 lebron james helping lift the lakers over the top with a triple double himself while Anthony Davis logged a doubledouble of his own you can see the dow jones implied higher by 16 points and the nasdaq up by 134 Big Technology in focus yet again. And with fridays 160 point advance the dow is now positive for the First Time Since september 22nd you can compare that with the s p 500, the dow transportation stocks a
Remains committed as ever to slowing down take talk in their growth and this ruling is merely just dragging things out and staying the final judgment so while this is a significant win for ticktock it did not come out unscathed so chums fixation on take talk has already been quite damaging and costly for ticktock mounting legal bills obviously but tick tocks growth has also been impacted due to his dispute with the us and made it very difficult to attract new staff so since july has reported that 52 job candidates have actually turned down jobs and declined to work for bite dance or tech talk citing these perceived uncertainty caused by the governments investigation of the tech talk so as a result of slowing growth and slowing innovation due to having to fight off the massive target on its back instagram has actually managed to catch up quite a bit and is encroaching on their market share so Facebooks Instagram reals right now release earlier in august is starting to build a base as in
Blocked the trump administrations attempt to ban take downloads in the u. S. With the ruling coming less than 4 hours before the ban was officially set to take place now a spokesperson for the Chinese Ministry of Foreign Affairs responded to the judges decision early monday. We have taken note of the relevant reports china has always opposed the us as hegemonic practices of generalizing the concept of National Security abusing state power in unreasonably suppressing in apprises of other countries we hope that the us side will are in a sling respect the principles of market economy and fair competition abide by the rules of International Trade and economy and provide a fair open and nondiscriminatory Business Environment for enterprises of various countries to invest and operate in the United States and of course this ruling is only temporary but it will provide more time to work out a deal with oracle and walmart to remain active in the United States the u. S. Congress department is no
Other countries we hope that the us side will are in a sling respect the principles of market economy and fair competition abide by the rules of International Trade and economy and provide a fair open and nondiscriminatory Business Environment for enterprises of various countries to invest and operate in the United States and of course this ruling is only temporary but it will provide more time to work out a deal with oracle and walmart to remain active in the United States the Us Congress Department is now planning for a november 12th deadline to implement a full ban rendering the app unusable for u. S. Based users if a deal for tick tock is not completed by that date joining us now to discuss our cohost ben swan and christy i thank you both for being here now christy i want to start with you the truck administration really want this ban to slow the growth of tik tok which continues to add nearly half a 1000000 users every single day does this ruling cripple that effort in your opinio
A big win for tic toc in the battle over whether the company will be allowed to remain on u. S. App stores now a ruling by judge carl nichols of the u. S. District court in washington d. C. Blocked the trump administrations attempt to ban take back downloads in the u. S. With the ruling coming less than 4 hours before the ban was officially set to take place now a spokesperson for the Chinese Ministry of Foreign Affairs responded to the judges decision early monday. We have taken note of the relevant reports china has always opposed the us as hegemonic practices of generalizing the concept of National Security abusing state power in unreasonably suppressing in apprises of other countries we hope that the us side what our knisley respect the principles of market economy and fair competition abide by the rules of International Trade and economy and provide a fair open and nondiscriminatory Business Environment for enterprises of various countries to invest and operate in the United State