Thats coming up next. Welcome back to kaiser report summer solution series on back skies with stacy harbor and today were going to be talking about the many selves of money self sovereignty self custody and Self Reliance joining us very quickly will be jamison of cheese dot com stacy yes and i just you want to say of course that max i didnt invest in cost because we use the service on that some amazing really so jamison i want to look at a piece from Forbes Magazine that somebody was tweeting about their article said that 15 percent of American Adults now own some form of crypto currency more than half of those invested for the 1st time in the 1st half of 2020 on average they invested about 67500000000. 00 in crypto currency roughly 4000. 00 per person so locked down stimulus money has been good for a lot of people theyre pouring their money into robin hood up and apparently and many people are buying crypto currency if theyre buying bitcoin which they should be instead of crypto what
Lavongo on their merger and the first companys earnings report. David has news on microsoft and tiktok. Want to continue to update a story were following closely given we have not seen anything like it. Tiktok the incredibly popular social media app in the u. S. And around the world, bytedance its owner, the u. S. Government saying we will shut tiktok down in the u. S. Unless you find a way to transfer all of it to u. S. Ownership and microsoft playing the role as potentially the only suitor for the business i wanted to bring everybody up to date on new reporting that ive got because it is interesting. Both sides right now, bytedance and microsoft and of course the u. S. Government is still very much involved in this as well are negotiating to try to reach some sort of an agreement under which microsoft would buy the u. S. Business of texas toks u. S. Bit from bytedance within the next two to three weeks. That seems to be what theyre hoping for in terms of a timeline obviously in these
Mr. Mchenry you have access of liquidity to get through any crisis you would foresee . Yes, absolutely. Mr. Mchenry in terms of safety and soundness, you are from the harm previous regime, thats positive. In terms of safety and soundness youre management, cleaning up the ship. So our expectations is we should have no problems from you in soundness, ety and is that fair . Mr. Scharf i think its fair work once we finish the we laid out, you should feel that. Mr. Mchenry ok. At employees do you have wells fargo . R. Schaefer i have mr. Scharf 260,000. Mr. Mchenry how many are customer facing . R. Scharf i dont know the answer. It has to be easily 100,000. Mr. Mchenry sure. Do you have plans in order to respond to the current threats covid19, especially in your footprint in california . Absolutely. We are, as i said mr. Mchenry as well as and other state primaries that are seeing an outbreak . Approach on ur covid 19 is we should do the ing we can to ensure safety of our employees as well
Trailing it, microsoft, about 50 for the year joining us, ted smith, cofounder cramer likes to say apple is the key to the market. Do you agree i do. What about it is so important . I think the breadth of technologies they deliver to consumers and enterprises over time, and the fact in the latest cycle where they come out with apple pay, apple card, all of the partnerships theyve got going, in addition to core products, theyre so dominant on so many fronts. Getting investors familiar with new fronts has been a bit of a challenge this year, feels like were getting there, wouldnt you say the thing we talked about is slowing of iphone sales. The dominant apple story of the last decade is actually coming, that chapter is over they have to transition people to things like subscription services, streaming is one of the big wars payment, theyre doing more retail things now. With apple credit card, i think as a new chapter opens, were seeing more and more stuff like that. You talk about apple
The police ban on protests by the Climate Group Extinction Rebellion across london last month, is ruled unlawful in the high court. Nicola adams has announced her retirement. And the weather. We have been looking at the latest climate statistics. And also the forecast over the next few days with particularly heavy rain for england and north wales. Thanks, chris. Also coming up anger as firefighters responding to an out of control bonfire are attacked by a gang of young people throwing fireworks. Idid not i did not define what young actually meant there. We will talk about that later on. Hello, everyone this is afternoon live. Its not what anyone would want minutes before they launch their Election Campaign. As borisjohnson prepared to address voters from downing street the news that a cabinet minister was resigning. Welsh secretary alun cairns quit following claims he knew about a former aides role in the collapse of a rape trial. Certainly not the best start for a campaign which was l