Washington and the world talking, microsoft eyeing an acquisition of tiktok and is this comes after President Trump threatened to ban the app in the u. S. Over security concerns. The president made an about face and gave microsoft the go ahead to proceed with the deal josh lipton has the very latest. So, melissa, President Trump also weighing in here. Take a listen to what he had to say today. It will close down on september 15th unless microsoft or somebody else is able to buy it and work out a deal, an appropriate deal, so the treasury of the, really, the treasury, i guess you would say, of the United States gets a lot of money so, why is microsoft interested in tiktok well, its a wildly popular app with 100 million users already here in the u. S. Engagement trends are strong analysts note that users already spend over an hour a day on the app. Patrick moorhead emphasizes two broad reasons why this could make strategic sense one, he argues microsoft is relatively week in Consumer Ser
Where we bring you todays market moving news from around the world, from hong kong to london, madrid, paris, and washington. We want to start with the latest trade development. President trump signals he would be willing to wait for another year before striking a trade agreement with china. Pres. Trump in some ways, i like the idea of waiting until after the election for the china deal, but they want to make a deal now. We will see whether or not the deal is going to be right. Its got to be right. Alix joining me from hong kong is enda curran. This is very different from what we heard yesterday from President Trump. Value, it is clearly the strongest signal we have had yet from the white house that we may not have this trade agreement by the end of the year. I think it will probably, something of a shock to both the chinese and Global Investors who have pretty much been banking on some kind of agreement by the yearend. But remember, we still have this deadline of december 15 for when t
Moving news from around the world, from hong kong to new york to d. C. We start off with the latest in trade. Larry kudlow im a white house Economic Advisor, signaled the u. S. And china are close to signing phase one. We are coming down to the short strokes. We are in communication with them every single day right now. Joining me on the phone from hong kong is enda curran. Does china agree with this assessment . Musiccertainly, the mood from both sides now is that they are on track to reach some kind of agreement. Mr. Kudlows comments came only a day after china agreed yesterday to lift a ban on poultry imports from the u. S. They started to buy u. S. Farm produce again last month. Clearly some things are coming together, but there are outstanding issues. We still dont know where either side are on tariff removal. That is something of a redline on the chinese side. There are still other areas, like ip protection and the like. Still dont know when any agreement will be signed. Separate
Yield actually lower. Still seeing a bid in the long end, but nothing dramatic appeared to what you wouldve thought when headlines broke saturday. Lets get the update here. Time now for global exchange, where we bring you the market moving news from around the world. Joining us from riyadh is yousef , and Michael Mckee here in new york. We begin in saudi arabia, where aramco tells customers certain deliveries will be delayed, especially in october. Yusuf, give us the latest yousef, give us the latest. Yousef we are waiting for a Firm Response from the saudi government. The Foreign Ministry made it clear that they are going to treat this aggressively. They will defend the land, and we expect a press conference from the Energy Ministry as well to outline the day in a bit more detail the exact damage to the infrastructure. Bloomberg even understands a tour of some of that damage could be in the offing, but at the moment, saudi aramco scrambling a little bit to get those oil barrels to the
Lisa and in the meantime, preparing for that washington d. C. Ceremony for july 4. David and if you dont want to watch that, you can watch the boston pops. Lisa right now we have a rather muted tone in markets. Nasdaq futures indicated slightly lower. In europe, a little bit of a gain. The euro gaining over the dollar. Cave on the part of italian leaders to European Union leaders on the part of their budget. David leaders getting something done. Lisa maybe. For now. David we are joined by lananh n guyen and michael mckee. Even as we are speaking, we have European Union Leadership Meeting once again in brussels. Michael well, they are supposed to start meeting, but they may be watching our show. Lisa but slightly. [laughter] michael they are struggling to come up with a compromise. Germans and french seem to be working well with the dutch to come up with leadership for the various commissioned posts, but the italians and others in the periphery havent cooperated. They dont want to just