This is boom bust one business show you cant afford to miss im going to bore in washington coming up the tick tock saga has seen yet another shock twist the oracle has made an agreement with light dance and beating out the favorite tech giant microsoft straight ahead we dive into the potential deal and what it means for the Popular Video sharing app plus after a hiatus astra zeneca and Oxford University have resumed trials for their covert 1000 vaccine later we break down the race for a krone virus here and where action numbers stand globally and while many sectors of the economy continue to struggle in the wake of coppa 19 markets are surging on the back of some major acquisitions later well take a look at these moves and what and the state of equities with facts show today so lets dive right in. And we lead the program with a Major Development in this saga surrounding the most popular social media app in the world tick tock as monday by dance the Parent Company of tic tac has announc
The world tick tock as monday bite dance the Parent Company of tic tac has announced that it reached an agreement with oracle now according to by dance the company has submitted a proposal to the u. S. Treasury department over the weekend that would make oracle not the owner of tick tock but a trusted Technology Provider shares in oracle jumped more than 6 percent on monday morning with confirmation of the news treasury secretary Stephen Newton says that the government is reviewing the proposal but this move could mean that by dance does not have the outright sell or have to outright celtic which would allow the company in theory to remain in compliance with the new chinese regulations meant to stop the sale of the company. Were told that ball of. This has fully excludes certain us politicians are true intentions of disguised and coerced to robbery and their ugly face of Economic Modeling china firmly opposes this we will firmly support Relevant Enterprises in safeguarding their legiti
Of the day too. Ive got more on your forecast. Still ahead first full senate syrup. Thank you john its of proving all around the bridges look great are big problems are pretty much out of the way so lets head over to 92. Were tracking the commute across the san mateo bridge a look at this an easy 13 nothing to stress out about here as he had between the east bay and the peninsula, the bay bridge looking good moving well the trip into San Francisco 8 minutes thats a great average off to fremont street and the big problem that we had slowing everybody down in San Francisco, north one on cesar chavez that crash finally out of the way was blocking the 2 left lanes its no longer crawling from 2. 80. So thats good news, but im noticing a little bit of crowding at the bottom of the 2. 80 extension and the northbound central freeway and thats just typical commute traffic darya james back to you thanks a lot robin lets get back to the air quality thats the problem that were feeling all around t
Reporter pg e recently began cutting power in the him bulbly Climate Exchange sierra and some parts of the real. In turn, the president focused his attention on forest bay area. Management. President trump stopping in california for a briefing on the utility has installed the massive and Deadly Wildfires burning in the state. Additional sexualizers on its blanketing much of the west distribute lines. They also have 30 more health coast in smoke. When you have years of dried comers and two airplanes with leaves on the ground, it just sets it up. Its really a fuel for a fire. Infrared cameras to expect so they have to do something lines. The idea is that each year about it. Reporter the president these Public Safety power shutoffs will become smaller and that they will not last as long. Repeated his charge about reporter pg e has pledged 35 a he next five years as part of a recent Forest Management. It was Mcclellan Air force base bankruptcy. Pg e must meet strict safety where they met.
Good Tuesday Morning welcome to squawk alley. Were with you for the hour, what a fascinating market day, john walmart and home depot tickiki things off then for awhile there a bit of a tumble the dow briefly at its biggest loss plenty of dynamics to watch as we watch the retail earnings and the progress on stimulus big stocks and big tech in particular apple is fractionally higher amazon perhaps riding that retail news overall. Up better than 2. 5 . Alphabet up about a percent. Microsoft lower, and then there is oracle. In the news because of this tiktok bid, perhaps, carl. I dont know if there is anyone not bidding for tiktok lets start off with exactly that as a source tells cnbc that oracle has entered the race to buy tiktoks u. S. Operations. Walt, you know what my first take was on this microsoft was telling this story about their focus on the enterprise now theyre bidding for tiktok and oracle, how does it facility them at all . Does everyone just have to have a look microsoft ba