Jay blowing the speakers up im going to fight until i se the sunlight good monday morning, im jon fortt. Were going to start with two massive deals in tech. They have widespread Global Impact and two block buster deals, or are they deals, that are facing or have faced government pressure from over seas we will start first with tiktok as oracle emerges as you can argue, the winner, the trusted Technology Partner hear in the u. S. , what does that mean . What is included in this deal and what is not . Jul Julia Boorstin has more. They confirmed this morning saying the companys proposal for tiktok was received over the week they reviewed the proposal and look to have technical discussions with oracle over the next few days. Bitedance has chosen oracle as what they call a trusted Technology Partner as part of tiktoks corporate restructuring. What is in the works is not all of tiktoks assets rather oracle is taking a sight ni Minority Stake but oracle would be taking responsibility for priv
If it means yields go higher and stay there . Adam parker and cheryl young, welcome to you both. Good to have you both here. So theres the setup, adam. The soft landing scenario, you havent seen much of anything to really disturb that. The market has been trying to make its peace with yields at these levels. I guess putting on a brave face enough rotation away from big tech. How does it feel to you . My bias is we can go higher. The market has been remarkably resilient to pretty extreme politics and global risk. I think most people came in under allocated at u. S. Equities, bond yields look more attractive and they havent fully participated in the rally. I think there could be a pretty big chase. I dont believe that good news is bad for the market for a sustained period. It can happen briefly. Good news is good news. To answer the question in your teaser, theres lots of evidence historically that the stock market can work when bond yields rise. Often theyre both emblematic of growth. I
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