Wechat on sunday. Back to the race for a treatment for covid and a cure, at least a vaccine roche unveils a new Antibody Test and Vice President calls on trump to step down and tech volatility, the s p and the nasdaq aiming for a rebound to end what has been a turbulent week for stocks. So we will start with tiktok and wechat, jim, just listening to you and andrew a moment ago doesnt sound like you see a whole lot of material to salvage this in the next 48 hours. I think that walmart feels like its given everything it can, i think that the people in the private equity have given everything, oracle, difficult to tell whether they think they can do more, but they had really felt that when pretrump it was looking like it was 43 owned by u. S. , 14 by international, chinese own 45 posttrump they are talking about u. S. Owns 53, international owns 11, chinese own 36 i think its the chinese owning 36 is the Sticking Point david, what level do you think the president would allow this deal or
Within a difficult market. Whatews flow dominated by is happening between the u. S. And china on the tech front. Of we chat andds tiktok will be prohibited. The Commerce Department said the Chinese Communist party has demonstrated the means and motives to threaten National Security, Foreign Policy of the u. S. Joining us now is bill faries. Overall take on this, and a potential chinese reaction . Is trying to. Raise the pressure to get the parties to some kind of a deal here. They will basically allow tiktok tiktokhey are telling that will not be able to upgrade, do any servicing this sunday, and banning the use of chat in the United States. There are some carveouts, and i think that is why the u. S. Wants to find some agreements. Tiktok is not being banned officially until midnovember, november 12 is the key date. Involveds the parties some time to reach an agreement to address some of the National Security concerns that have been raised. Overall, i think it is probably more of a posi
Have to act. Unless we get more support, i think the u. S. Will go back into recession. Isathan joining us now gershon distant belt. People, hey for many was asking fiscal policy makers to do more. Iu were the one person that have read in the last couple of days that believes that was a dovish news conference. Tell us why. Do agree with a lot of the clips you pointed out, ive been saying it for a long time. You need fiscal support. This belief that the fed or Central Banks can solve problems by themselves is silly. This is not a classical recession. There is nothing Central Banks can do to get people to go there is a supply shock aspect as well. Restaurants are not fully open. You cannot go to the sporting event. The fed can do all that wants but you need the fiscal side. In terms of the relationship to the dovish side, there were several indicators. The fed was clear, chairman powell was clear he was willing to do more quantitative easing if necessary. He didnt say anything about pull
Coming up. The future of the Supreme Court hangs in the balance the death of Justice Ruth Bader ginsburg sparking political debate plus her friendship with Antonin Scalia coming up and Kayleigh Mcenany is here and eugene will join me at 8 a. M. Eastern. Mornings with maria is live right now this monday morning. Global markets this morning under selling pressure underway this morning, the down 207 points and cac down 153 and dax in germany down 400 points. 402 loir concerns of growing about u. K. Economy and it is going to go into a second lockdown over the coronavirus cases as they rise. People in the u. K. Who violate selfisolation rules face fines now of up to 13,000. In asia overnight decline acrossed board there as we also on heels of three straight weeks of decline in the u. S. , as you can see japan is closed for a holiday, but the worst performer in hong kong hang seng index down beaters than 2 . Hang seng down 2. As hsb shares slide to a 25year low. Weve got the news on bank th
On the app store, after raising fears of National Security and users Data Security given its chinese ownership. The app has exploded over the past year or so and completely taken over teen and young adult culture. So to get to the bottom of what this means for tiktok or if it means your kids will be having to say goodbye to the app, daniel castro, Vice President of the Information Technology innovation foundation. Thats a think tank based in dc. Thank you so much for joining us. Daniel, how are good. For us over age 40, not gen z or millennials, whats tiktok . Its a platform, very short videos. Small clips, and theyre usually set to music. So why has it taken off, you think . What exactly about this app is so, you know, appealing that is, compared to other social media platforms . I think a lot of users get on tiktok for the first time and their reaction is, what is this . Theyre not sure what theyre looking at or the entertainment value is, but after a its a fun way of tsharing inform