Welcome to squawk alley. John fort has the morning life watching carefully as both apple, tesla, and the thatnasdae dipping into the red lets go to alex sherman tiktok is suing the u. S. Government over effectively banning the app come september 15th tiktok released a blog post right now explaining the rationality behind the lawsuit against the u. S. Government. There are two administrative actions that the Trump Administration has taken the fist would effectively ban the app by september 15th. That is the one that tiktok is challenging saying it has been preventing due process it has worked with the government for almost a year trying toics plane that it is not, in fact, a National Security threat. Their parent is bite dance that is what this has all been about over the past several months the order demands that bitedance die vest tiktok by october that means the sale talks with microsoft and oracle will continue tiktok has at least challenged the effective ban that takes place next m
Announcer tonight on late night with seth meyers, jim belushi. Star of hbos succession, actress sarah snook. Author of must i go, yiyun li. Featuring the 8g band with fred armisen and no Seth Meyers Seth welcome to late night. Hows everybody doing tonight . My parents are visiting me right now. So im doing great even though im apparently a little skinny and i curse too much and isnt it a little early for a cocktail, seth and anyway, lets get to the news during a press conference yesterday, President Trump claimed that the 1918 spanish flu probably ended world war ii. Are you kidding . They were more than two decades apart. I know you dont think thats a big difference, but it is. It is. Thats right, President Trump claimed that the 1918 spanish flu probably ended world war ii despite the two events happening more than two decades apart. Look, i get it its confusing were in the year 2020 and somehow the only band on tour right now is smash mouth i mean, the years start coming and they do
List the white house puts us on what we need to do is what we know we need to do all along which is individually we need to take responsibility. So Wearing Masks socially distancing. Thats san jose mayor sam liccardo responding to the White House Coronavirus Task Force Coordinator doctor deborah birx she called out san jose is one of 12 cities in the country that she says are quote lagging behind the need to do a better job of slowing the spread. Take a look at this map from Santa Clara Countys Health Department it shows a higher rate of coronavirus cases in san jose compared to some other cities in the county. Some city leaders say that its tough to argue with the data while others say theres nothing to worry about. And we sure sips here in the city and county and the state and we are all watching the numbers so im im not concerned about. About that i dont speak the doctor birx is speculating i think that if hes making that list. Hes coming off of data theres no arguing with that i ca
Virus by moving south to floridas beaches now find themselves in the same pandemic fight nightmare, only worse. We are going inside the economics state of the covid states, from mortgage lending to savings with the ceo of the bank that has footprints in four of the nations worst hit states. And as the coronavirus outbreak hitting the Miami Marlins expands at this hour, americas top Infectious Disease expert, dr. Anthony fauci, says play ball. But he does warn if it worsens, the season could be in peril. Coming up, enter new York Governor Andrew Cuomo, who has just tossed a lifeline to Major League Baseball. What hes offering to the entire league, what the nfl can learn from mlbs errors and how gambling stocks are caught in the middle of it all. And could this be instacarts Worst Nightmare . We have an inside look for you at the smart cart thats looking to steal some of the grocery delivery giants thunder and its contact list. You got to see this. Plus, gather round the children for the
Tomorrow, a big day on capitol hill and a big day for silicon valley. The ceos of facebook, google, willbet, apple, and amazon all be testifying before the house antitrust subcommittee. We will speak to a member of that committee, representative hank johnson, in just a moment. First, we want to look at how markets are moving ahead of those reports. I want to bring in bloombergs kailey leinz, who has been following the market move today. Kailey we really saw the downward move heading right into the close. Antitrust course that Committee Hearing tomorrow as well as a fed decision. There is a lot going on overall leading to a risk off tone, especially for the nasdaq, which ended the day lower. It really was tech among the biggest laggards today. Of the barrel. M 1. 5 ties were actually up to 2 . Bond proxy stocks getting a boost. We are now sitting at 58 basis points on the 10 year yield, within four basis points of the alltime record low we saw back in arch. Does lly emily we are continu