To sell the platform or face a ban. [chanting keep tiktok ] norah the protests tonight from users. It is 90plus percent plus of my familys income. Its how we feed our family. Norah the Cbs Evening News starts now. Good evening. Im norah odonnell, and thank you for being with us. We want to begin tonight with the fate of social media app tiktok hanging in the balance. In a rare moment of bipartisanship, the house voted overwhelmingly to pass a bill that would an the Popular Platform unless it severs ties with the Chinese Communist party. President biden vowed to sign the bill if it passes the democraticcontrolled senate, and if the bill becomes law, it would give tiktoks chinesebased Parent Company bytedance six months to sell the videosharing app or it would be removed from app stores and webhosting services here in the u. S. Now, tiktoks massive Lobbying Efforts were not enough to stop the crackdown, despite a flood of phone calls to members of congress and these online influencers wh
Chopper was over the scene. This is happening at a large condo complex white there. Police cars, lighting the closed down streets. This is at auzerais avenue and race street in the burbank neighborhood. Across the street from oconnor park, its just south of san carlos street. Details are still coming in, but this is what we know people he said he responded to a family disturbance around 8 00 this morning. When they got to the scene, shots were fired from inside the home, hitting one officer. That officer has been taken to the hospital, and the roads nearby are still shut down. Police are asking people to avoid the area. We have technical negotiators, our s. W. A. T. Team, crisis intervention team, and several other units that are special operations, as well as the majority of our Investigation Team as well to make sure we put everything together. That officer was taken to valley medical center. We are still waiting to hear how they are doing. Our Katie Nielsen is on the scene it will h
Norah the ultimatum for the popular app used by 170 million americans after the house passes a bill that would force its Chinese Parent Company to sell the platform or face a ban. Keep tech tak norah the protest tonight from users. It is 90 plus percent plus of my familys income. It is how we feed our family. Norah the Cbs Evening News starts now. Good evening. Im norah odonnell, and thank you for being with us. We want to begin tonight with the fate of social media app tiktok hanging in the balance. In a rare moment of bipartisanship, the house voted overwhelmingly to pass a bill that would ban the Popular Platform unless it severs ties with the Chinese Communist party. President biden vowed to sign the bill if it passes the Democraticcontrolled Senate and if the bill becomes law, it would give tiktoks chinesebased Parent Company bytedance six months to sell the Video Sharing App or it would be removed from app stores and Web Hosting Services here in the u. S. Now, tiktoks massive Lob
We have several moves to get through from the committee today, and were going to start there and start with josh brown who bought a few new things. I want to tell you about all those. You bought ebay, which hit a 52week high on monday. Thats the highest since february of last year. Tell me why that one has been added to your portfolio. So this is a breakout in progress. It got above longterm resistance, which was 48. I think it will hold that level, but well have to see. This is the highest level ebay has traded at, really, since april of 2022. It had been in this range between 38 and 50 since the summer of 2022. So this is basically a stock that cant get arrested. Theyve had literally no support on wall street. Nobody wants to talk about it. Its ten times earnings. We know the reason why its ten times earnings. Facebook came into the marketplace business a few years ago, stole some of ebays thunder. Theres not a lot of growth here. But thats the point. Youre not paying for growth. At
Oracles cloud revenue surging by growing ai needs. The boeing challenge citing delayed aircraft deliveries, rethinking the 2024 financial forecast. Lets begin with the Market Reaction to cpi. We mentioned a tenth hot at. 4. Shelter and gas 60 of that. Surprises in here, mike. Apparel up. 6 , a topic of discussion. Yes. I think what the market did, there was a quick reflection when they said, okay, this is hotter than expected. Stocks back up. Then the rethink was, well, the things that matter and that will translate into what the pce inflation number is going to say combined with how high a threshold was set by powell last week for changing their premise that they are preparing for likely rate cuts in the summer. I think all that fit together. The core services, stubbornly firm, inflation readings there, dont translate that the pci will go in the same direction. Thats part of the mix. We are also geared for shelter being stubborn. You didnt see the uptick like we saw in january. All th