Basis. Keep you abreast of that. Barreling down, albeit barreling down slowly on Grady Trimble in gulf part mississippi. Reporter neil, sally is moving extremely slowly at two miles an hour. That is slower than most humans walk. You can see here it is starting to rain. The wind is picking up. Were in pascagoula, mississippi. The water is lapping over the side. The storm makes landfall tomorrow, is that tomorrowsurge continues. That the water pushed up. In area. Along beach boulevard there are many house us. Theyre not boarded up for the most part from what weve seen. Sternly a risk of flooding, with all of the oak trees, 85 mileperhour winds are nothing to mess around with either. Because the storm is moving so slowly well see several days worth of rain. You could see flash flooding on top of a potential for storm surge. I want to point out the pier in the background there. A light moment as people prepare for this very serious storm. We saw people gathered there we werent sure what th
The u. S. Could get a covid19 vaccine before the yearend. Astrazeneca resumes its trial after last weeks pause. Boris johnson growing rebellion as his controversial bill is defended in parliament. Brussels will keep an eye on the development in a call with president xi. A. M. 96 billion worth of deals from pharma to tech. What strikes me is the amount of cash being used to do the deals. Good morning. Certainly a number of deals across the sector. The one im interested in his tiktok. Larry ellison seems to have won the race for the u. S. Business. And then there is the regulatory hurdle. U. S. , the European Union, and china. What do trade tensions mean for this deal . Manus the other thing is Larry Ellison and mr. Trump were closely aligned. Why would oracle by tiktok . I want to focus on the structure of the deal. Three quarters of the gilead deal is in cash. Nvidia, 50 in cash. The oracle deal is about the playing cash, but it is nowhere near what it was in 2015. Good morning. Annmar
Development on a tiktok takeover Julia Boorstin has the latest. Sources confirming to me that bytedance is continuing to explore options with the committee on Foreign Investment in the u. S. About a restructuring of the company that would avoid a full sale of those u. S. Operations. Now, my sources tell me that long before President Trump set a deadline for tiktok to agree to sale of its u. S. Operations or have the threat of being shut down, bytedance was negotiating about various options. One option being discussed is a restrucking in which bytedance would maintain ownership stake but wouldnt have any control over u. S. Operations one u. S. Company could take a Minority Stake and be an operating partner, say, have microsoft or oracle be tiktoks cloud operator and manage the u. S. Data in a way that u. S. Regulators could feel comfortable with everything im hearing is still very much fluid and my sources say it is unclear what the president will approve certainly an area to watch soun
The company indeed, is launching a virtual hiring tour. If anyone you know is having trouble finding a job, you stay tuned for this. Ceo chris hyams will sus that and much, much more. President trump is departing nevada to california. He is expecting to meet California Governor Gavin Newsom to survey the horrible damage taking place with some of the fires near sacramento. Fox busiest Edward Lawrence at the white house with the latest on all of this. Reporter david, the president leaves in the next hour. He will talk with fema to get an update as well as California Governor Gavin Newsom have been at odds. But the president steps when it relates to a Natural Disaster inside of california. Exactly what he will do today here. The white house says the president will receive briefings what is exactly happening with the fires, recognize the California National guard as well. Now this is part of a west coast swing that also had the president campaigning over the weekend out west. The president
Devastated from the coronavirus from being evicted from their homes. We have the details coming up for you. Americas biggest chip maker rolling out its latest chip sets. Code name, tiger lake. Intel ceo bob swan here to tell us how its going to help it maintain dominance in the microchip world. Plus we will introduce you to a company shaking up shakes. The cofounders are here to explain how the reopening of gyms around the nation can help boost sales of its plantbased protein shakes. Less than an hour to the closing bell, im Cheryl Casone in for liz claman today. Lets start the claman countdown. Cheryl lets make you smile. Smile direct club investors are grinning from ear to ear as the stock sets its biggest oneday percentage gain ever after executives bought up millions of dollars in shares and as the company pulled the plug on manufacturing, a manufacturing facility in texas. Right now the stock is up a little more than 25 . A record ride for peloton interactive, hitting another high