Good morning it is 8 00 a. M. At tesla headquarters in palo alto, california it its 11 00 a. M. On wall street squawk alley is live good Tuesday Morning im jon fortt with Carl Quintanilla back again it is a busy day on wall street with the dow hitting an all time high making another run at 30 k. That comes as president elect joe biden is reporting tapping former fed chair janet yellen to run the treasury department. Tesla is continuing the record run now topping half a trillion dollars in market cap. Making elon musk the worlds second richest person on paper and apple making another concession, carl on App Store Fees a lot going on yeah. We talked about that early moving being the small crack that starts to widen as for tesla, i mean, whether its some of the reports about a hatch back in europe or longer range vehicles or just enthusiasm over the ev space as we gheet into a Biden Administration on top of the gm news yesterday, jon. So there is a lot happening in the ev space and then m
Of the year and it appears to be playing out minute by minute microsoft confirmed monday that it is in talks to buy tick tock from Chinese Parent Company bite day its now this of course after u. S. President donald trump announced a plan to ban the app in the United States President Trump spoke about the controversial situation monday afternoon. And. He cant be controlled for security reasons but in china too big too. Invasive and it can be and heres the deal i dont mind if theres microsoft or somebody else a big company the Security Company very very American Company by i set a date of around september 15th at which point its going to be out of business in the United States but of somebody whether its microsoft or somebody else is it going to be interesting i did say that if you buy it. Whatever the price is that goes to whoever owns it because i guess its china essentially but more than anything else i said a very substantial portion of the price is going to have to come into the tre
Anything else i said a very substantial portion of the price is going to have to come into the treasury of the United States because were making it possible for this deal to happen right now they dont have the rights unless we give it to them and the Chinese Foreign ministry for their part respond to their reports early monday calling out the u. S. For hypocrisy and double standards in the move while claiming this is a violation of key principles of the World Trade Organization now for more on this lets go ahead and bring in blue bus cohost ben swan and Cyber Security expert todd shipley who also serves as president of dark intel now ben i want to start off with you here lets kind of it appears that microsoft has about 45 days to get this deal done but doesnt it seem strange for the u. S. Government to ban a company and then turn around and basically force them to sell helping an american tech giant to buy. Yeah i think the whole thing is pretty disgusting i mean as this is all playing
President donald trump announced a plan to ban the app in the United States President Trump spoke about the controversial situation monday afternoon. And so he cant be controlled for security reasons but in china too big too. Invasive and it can be and heres the deal i dont mind if theres microsoft or somebody has a big Company Secure company very very American Company buy it they set a date of around september 15th at which point its going to be out of business in the United States but of somebody whether its microsoft or somebody else buys it that will be interesting i did say that if you buy it whatever the price is that goes to whoever owns it because i guess its china essentially but more than anything else i said a very substantial portion of the price is going to have to come into the treasury of the United States because were making it possible for this deal to happen right now they dont have the rights unless we give it to them and the Chinese Foreign ministry for their part r
This is the one business show you cant afford to miss im proud to borean washington coming up President Trump has extended the deadline for the tick tock ban in order to allow microsoft to acquire the aftermaths Chinese Parent Company while the u. S. Tech giant be able to seal the deal and how will this affect tensions between the worlds 2 largest economies plus the nasdaq has popped once again on news that apple has now claimed the title of the worlds most valuable publicly traded company will break down what lies in store for the tech giant impact show today so lets dive right in. And we lead the program with one of the biggest tech stories of the year and it appears to be playing out minute by minute microsoft confirmed monday that it is in talks to buy tick tock from Chinese Parent Company bite day its now this of course after u. S. President donald trump announced a plan to ban the app in the United States President Trump spoke about the controversial situation monday afternoon. H