States have sued the Social Media platform, accusing it of helping to drive a mental Health Crisis among teenagers. A bipartisan group of 1a Attorney generals from across the country allege the company uses addictive features to hook children to the app. They also claim its intentionally misled the public about the safety of prolonged use. Tiktok has called the lawsuit disappointing. The platform is already battling a law passed by congress in april that would ban it from the us unless a chinese Parent Company agrees to sell it. Details now from New York. To sell it. Details now from New York to sell it. Details now from New York. , ,. , New York. The lawsuits from more than New York. The lawsuits from more than a New York. The lawsuits from more than a dozen New York. The lawsuits from more than a dozen states New York. The lawsuits from i more than a dozen states argue tiktok was deliberately designed to keep young people hooked on the service. The massively popular Video App is used
Rates and when rates go up, stock investors get nervous. Some will take their money off the table. Cash in profits and head for safety. Also, this has been such an explosive rally since the election of donald trump that some kind of pause is inevitable. It goes without saying that no market goes straight up forever. Call it what you like. Pause, correction, pull back, as of right now the sellers appear to be running this show. How far down do we go . Dont know. Buy this dip . How strong is your stomach. And rush for the door . Thats your call, and its a tough call. Previous dips, remember, have bounced right back. Throughout the program, well be following the ups and downs of what will be a nailbiting day. Stay there, please. Varney company is about to begin. And for the Philadelphia Eagles, the long drought is over. Last championship 1950, presuper bowl era. The dreamers finally come through. Neil there you had it. Final four of a thrilling and bowl. Beat the patriots 4133. Nick foals
90 minutestes ahead from the close. Mark stocks a bit lower today, little changed, down by. 1 . They were higher by. 1 a little earlier. The president stepping back from this immediate declaration of independence. Lets get more spain centric, this is last monday, one day after the referendum through to today. Losses at 4 , now down just 1 for the duration. The ibex marginally lower for the period, investors responding to whats been going on in the last 24 hours, as they are with euro, which is up today for the fourth day. Catalonias president stepping back from that immediate declaration of independence from spain. The spanish Prime Minister stepping up pressure on catalonias government to back away from independence talks. That could lead to the assertion of direct control from madrid. Analysts forecast the euro will end the year at 1. 18. The most bullish at 1. 26. Pnc financial has a 1. 07 forecast. Those are the two ends of the spectrum. Yields in the 10 year the aftermath of the r
And cofounder Roger Mcnamee good morning to everyone the pressure against big tech is not letting up uk Prime Minister theresa may making news saying her cabinet is considering regulating facebook, news organizations this has facebook ceo Sheryl Sandberg prepares to make a trip to capitol hill. Google, twitter set to testify next month roger, in this new oped youre asking them to go further. Mark zuckerberg, if he wants to earn our trust an forgiveness must personally earn it what do you mean by that i think the big issue were dealing with, carl, is that the people who are on facebook are on facebook because they love to have their views reinforced. Its for the just about family photographs, its not just about vacation photographs a lot is about being around the same people who believe the things we do. One of the challenges for facebook in the aftermath of the u. S. Election is that the people believe that everyone else was misled by the russians and others. They dont believe they wer
Reform plan will further spur growth forecast for the e commerce giant and shares of ge on the move jp morgan report seize a dividend cut as increasingly likely the Company Tells us it remains a top priority historic run in the markets includes the 47th record close of the year. Weve got black rocks larry fink talking about risks in the market earlier this morning on squawk. Lets be clear, the United States deserves a premium. Our companies are stronger they are better managed over across Many Industries so i actually believe the u. S. Deserves a premium to the other markets. Not just that, jim, says he wouldnt expect to see any major reversal in equities until sometime next year. I love the guy, what can i say . Every time i talk to him and see him, he has a sense of whats going on there are moments when hes pessimistic and not like hes permable, i like what he had to say and liked his quarter. I wrote a piece this morning for real money saying its events that i cant see and north kor